Opelousas VA Loan Rates, Closing Costs & Stats

Opelousas, 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.

    Opelousas's 33 lenders originated 69 VA loans during 2024. The total origination value was $15,515,000, with an average VA loan value of $224,855.

    Opelousas VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Opelousas averaged 6.8% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Opelousas's average VA mortgage closing costs are $5,061.

    The average rate for the prior week (2025-07-11) was 6.79% and one month ago for the week of 2025-06-13, the average rate was 6.66%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.6%.

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

    Opelousas 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 Opelousas level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 12 6.13% $5,053
    Mortgage Research Center, LLC 9 6.88% $2,210
    PENNYMAC LOAN SERVICES, LLC 4 5.50% $6,149
    DHI MORTGAGE COMPANY, LTD. 3 4.83% $3,511
    VILLAGE CAPITAL MORTGAGE 2 5.75% $5,920
    Equity Prime Mortgage LLC 2 7.31% $6,247
    LOANDEPOT.COM, LLC 2 6.19% $7,241
    NAVY FEDERAL CREDIT UNION 2 5.38% $4,787
    The Federal Savings Bank 2 6.19% $22,670
    THE MORTGAGE LINK, INC. 2 6.19% $15,620
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.75% $13,798
    FREEDOM MORTGAGE CORPORATION 1 6.25% $11,931
    JPMorgan Chase Bank 1 5.99% $675
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $5,025
    TOWNE MORTGAGE COMPANY 1 6.25% $3,020
    MICHIGAN MUTUAL, INC. 1 6.25% $6,690
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $2,699
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $3,012
    UNION HOME MORTGAGE CORP. 1 6.38% $4,317
    NEW DAY FINANCIAL, LLC 1 7.38% $10,221
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $10,764
    QUICKEN LOANS, LLC 1 5.63% $3,127
    STANDARD MORTGAGE CORPORATION 1 5.50% $10,923
    STOCKTON MORTGAGE CORPORATION 1 5.75% $4,709
    AmeriHome Mortgage Company, LLC 1 6.13% $4,849
    The Loan Store, Inc. 1 6.75% $3,576
    Barrington Bank & Trust Company, N.A. 1 7.25% $10,080
    CLEARPATH LENDING 1 5.75% $3,121
    Assurance Financial Group, L.L.C. 1 6.75% $1,811
    USAA Federal Savings Bank 1 6.00% $6,025
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.63% $5,263
    FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $15,824

    The top Opelousas VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 12 VA loans originated. Their average total fees are $5,053, which is $2,843 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Opelousas VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,053), .

    The lowest rate Opelousas VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.13%), .

    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.