Fort Polk South VA Loan Rates, Closing Costs & Stats

Fort Polk South, LA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Fort Polk South's 36 lenders originated 233 VA loans during 2024. The total origination value was $57,945,000, with an average VA loan value of $248,691.

    Fort Polk South VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fort Polk South averaged 7.04% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Fort Polk South's average VA mortgage closing costs are $5,237.

    The average rate for the prior week (2025-07-11) was 6.63% and one month ago for the week of 2025-06-13, the average rate was 6.7%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.49%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Fort Polk South VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fort Polk South level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 39 6.59% $4,289
    UNITED WHOLESALE MORTGAGE, LLC 34 6.12% $6,081
    FREEDOM MORTGAGE CORPORATION 30 6.34% $8,433
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 6.75% $7,601
    NAVY FEDERAL CREDIT UNION 13 6.00% $4,568
    EUSTIS AND AMERICAN MORTGAGE COMPANY 11 7.15% $3,468
    USAA Federal Savings Bank 9 6.56% $6,869
    QUICKEN LOANS, LLC 8 6.43% $9,143
    PENNYMAC LOAN SERVICES, LLC 5 5.68% $5,471
    VILLAGE CAPITAL MORTGAGE 5 5.82% $4,617
    Mr. Cooper ( Nationstar Mortgage ) 4 6.16% $8,025
    MOVEMENT MORTGAGE, LLC 3 6.25% $11,429
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.25% $6,709
    BROKER SOLUTIONS, INC. 2 6.37% $11,550
    NEW DAY FINANCIAL, LLC 2 7.37% $5,426
    Paramount Residential Mortgage Group, Inc. 2 6.50% $11,436
    STOCKTON MORTGAGE CORPORATION 2 6.69% $8,899
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.49% $2,087
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $7,525
    GUILD MORTGAGE COMPANY 1 7.13% $4,454
    GUARANTEED RATE, INC. 1 5.99% $9,647
    Flagstar Bank, FSB 1 6.00% $6,572
    Encompass Lending Group, LP 1 6.50% $17,748
    NEWREZ LLC 1 5.75% $8,102
    Century Mortgage Company DBA Century Lending Company 1 6.13% $11,162
    First Federal Bank 1 6.25% $13,784
    Fifth Third Bank 1 6.38% $3,367
    SFMC, LP 1 7.13% $13,683
    Barrington Bank & Trust Company, N.A. 1 5.75% $3,869
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $14,789
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $10,177
    T2 FINANCIAL LLC 1 7.13% $13,253
    UNION HOME MORTGAGE CORP. 1 6.38% $3,740
    JPMorgan Chase Bank 1 6.63% $721
    Lakeview Community Capital, LLC 1 5.50% $6,109
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.25% $12,097

    The top Fort Polk South VA lender as defined by loan originations is Mortgage Research Center, LLC, with 39 VA loans originated. Their average total fees are $4,289, which is $1,792 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Fort Polk South VA lenders (with over 10 loans originated) are EUSTIS AND AMERICAN MORTGAGE COMPANY ($3,468), Mortgage Research Center, LLC ($4,289), NAVY FEDERAL CREDIT UNION ($4,568), UNITED WHOLESALE MORTGAGE, LLC ($6,081) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,601).

    The lowest rate Fort Polk South VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (6.00%), UNITED WHOLESALE MORTGAGE, LLC (6.12%), FREEDOM MORTGAGE CORPORATION (6.34%), Mortgage Research Center, LLC (6.59%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.75%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.