Lafayette VA Loan Rates, Closing Costs & Stats

LAFAYETTE, LA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Lafayette's 69 lenders originated 568 VA loans during 2024. The total origination value was $151,740,000, with an average VA loan value of $267,148.

    Lafayette VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lafayette averaged 6.37% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Lafayette's average VA mortgage closing costs are $5,456.

    The average rate for the prior week (2025-07-11) was 6.36% and one month ago for the week of 2025-06-13, the average rate was 6.73%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.44%.

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

    Lafayette 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 Lafayette level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 74 6.33% $4,952
    UNITED WHOLESALE MORTGAGE, LLC 69 6.10% $6,524
    FREEDOM MORTGAGE CORPORATION 45 6.06% $7,088
    DSLD MORTGAGE, LLC 38 5.92% $2,647
    DHI MORTGAGE COMPANY, LTD. 38 4.72% $6,001
    PENNYMAC LOAN SERVICES, LLC 20 5.52% $6,366
    QUICKEN LOANS, LLC 20 6.33% $9,787
    NAVY FEDERAL CREDIT UNION 16 5.98% $4,035
    FIRST COMMUNITY MORTGAGE, INC. 15 6.56% $6,291
    EUSTIS AND AMERICAN MORTGAGE COMPANY 13 6.73% $6,534
    NEWREZ LLC 12 6.35% $5,692
    CROSSCOUNTRY MORTGAGE, LLC 10 6.59% $4,397
    GMFS LLC 10 6.27% $6,560
    Assurance Financial Group, L.L.C. 10 6.38% $7,994
    VILLAGE CAPITAL MORTGAGE 10 5.66% $4,473
    USAA Federal Savings Bank 9 6.38% $5,358
    NEW DAY FINANCIAL, LLC 9 7.55% $9,872
    PLANET HOME LENDING, LLC 8 5.75% $4,223
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.82% $4,095
    First Horizon Bank 7 6.07% $9,350
    Mr. Cooper ( Nationstar Mortgage ) 6 6.31% $11,931
    PLAZA HOME MORTGAGE, INC. 6 6.48% $8,186
    LAKEVIEW LOAN SERVICING, LLC 5 5.80% $6,379
    CLEARPATH LENDING 5 5.47% $4,175
    SUN WEST MORTGAGE COMPANY, INC. 5 5.88% $6,328
    Barrington Bank & Trust Company, N.A. 4 6.00% $4,777
    SOUTHWEST FUNDING, LP 4 6.91% $5,369
    TOWNE MORTGAGE COMPANY 4 6.28% $8,834
    LOANDEPOT.COM, LLC 4 6.31% $7,818
    Equity Prime Mortgage LLC 4 6.38% $7,795
    The Federal Savings Bank 3 6.63% $12,076
    The Loan Store, Inc. 3 6.12% $9,354
    INSPIRE HOME LOANS INC. 2 4.38% $4,178
    STOCKTON MORTGAGE CORPORATION 2 5.75% $6,310
    BROKER SOLUTIONS, INC. 2 6.50% $6,444
    STANDARD MORTGAGE CORPORATION 2 6.13% $6,504
    Red River Bank 2 5.94% $25
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.88% $5,754
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.31% $8,873
    Lakeview Community Capital, LLC 2 5.75% $2,855
    Magnolia Bank 2 5.75% $6,795
    MID AMERICA MORTGAGE, INC. 2 6.63% $3,779
    V.I.P. MORTGAGE, INC. 1 7.13% $4,105
    CARDINAL FINANCIAL 1 6.75% $5,699
    CMG MORTGAGE, INC. 1 6.25% $10,183
    CORNERSTONE HOME LENDING, INC. 1 6.00% $11,584
    EMBRACE HOME LOANS, INC. 1 5.99% $29,202
    FIDELITY BANK 1 6.00% $14,309
    GENEVA FINANCIAL, LLC 1 7.25% $4,192
    Hancock Whitney Bank 1 6.75% $8,619
    JPMorgan Chase Bank 1 6.25% $9,623
    KEESLER 1 5.88% $5,811
    MICHIGAN MUTUAL, INC. 1 5.75% $4,388
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $9,736
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $5,915
    Origin Bank 1 6.63% $65
    Paramount Residential Mortgage Group, Inc. 1 7.13% $3,209
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $9,553
    Plains Commerce Bank 1 6.00% $15,450
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $1,596
    Prosperity Home Mortgage, LLC 1 6.75% $3,986
    Regions Bank 1 5.75% $8,558
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $750
    SFMC, LP 1 5.50% $10,262
    SWBC MORTGAGE CORPORATION 1 6.63% $3,116
    TIB The Independent Bankersbank 1 6.50% $8,755
    UNION HOME MORTGAGE CORP. 1 5.75% $4,519
    U.S. Bank 1 6.63% $3,754
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,683

    The top Lafayette VA lender as defined by loan originations is Mortgage Research Center, LLC, with 74 VA loans originated. Their average total fees are $4,952, which is $1,572 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lafayette VA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($2,647), NAVY FEDERAL CREDIT UNION ($4,035), CROSSCOUNTRY MORTGAGE, LLC ($4,397), VILLAGE CAPITAL MORTGAGE ($4,473) and Mortgage Research Center, LLC ($4,952).

    The lowest rate Lafayette VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.72%), PENNYMAC LOAN SERVICES, LLC (5.52%), VILLAGE CAPITAL MORTGAGE (5.66%), DSLD MORTGAGE, LLC (5.92%) and NAVY FEDERAL CREDIT UNION (5.98%).

    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.