Mortgage Rates in Lake Arthur, Louisiana — March 2026
Updated March 2026 | Based on Lake Arthur market data and regional lending conditions
Lake Arthur is a smaller Louisiana community of 34,943 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.82% (0.17% above the national average). At a median home price of $150,000, the estimated $858/month payment (with 20% down) is affordable on the local median income of $40,000.
Current Mortgage Rates in Lake Arthur, LA
Below are the current average mortgage rates available in the Lake Arthur area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Lake Arthur Housing Market Overview
Lake Arthur is one of the more affordable housing markets, with a median home price of just $150,000 — significantly below the national median. Combined with a property tax rate of 0.59%, the total monthly housing cost of $858 is within reach for many local households earning the median $40,000.
Monthly Payment Breakdown for Lake Arthur
Based on the median home price of $150,000 with 20% down ($30,000), here is what you can expect to pay monthly in Lake Arthur:
15-Year vs. 30-Year Mortgage in Lake Arthur
Choosing a 15-year mortgage in Lake Arthur at 6.04% instead of a 30-year at 6.82% would save you $99,540 in total interest over the life of the loan. However, your monthly payment would be $1,015 instead of $784 — an increase of $231 per month.
Calculate Your Lake Arthur Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Lake Arthur
What are the current mortgage rates in Lake Arthur, LA?
As of March 2026, the average 30-year fixed mortgage rate in Lake Arthur, Louisiana is 6.82%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Lake Arthur?
Based on the median home price of $150,000 with 20% down, the estimated monthly mortgage payment in Lake Arthur is $784 for principal and interest. Including property taxes of $74/month, the total monthly housing cost is approximately $858.
What income do I need to buy a home in Lake Arthur?
Using the 28% rule, you would need an annual income of approximately $36,771 to afford the median-priced home in Lake Arthur at $150,000. The median household income in Lake Arthur is $40,000. The median income is currently sufficient to meet this threshold.
Is Lake Arthur a good place to buy a home in 2026?
Lake Arthur offers a below-average cost of living with a cost of living index of 83.4 (national average = 100). The property tax rate in Louisiana is 0.59%, which is below the national average. Lake Arthur has a population of 34,943 and offers a very affordable lifestyle.
Mortgage Rates in Other Louisiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lake Arthur, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.