Abilene VA Loan Rates, Closing Costs & Stats

ABILENE, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Abilene's 61 lenders originated 508 VA loans during 2023. The total origination value was $141,340,000, with an average VA loan value of $278,228.

    Abilene VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Abilene averaged 7.01% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Abilene's average VA mortgage closing costs are $6,300.

    The average rate for the prior week (2024-04-12) was 7.04% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.92%.

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

    Abilene 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 Abilene level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PRIMELENDING, A PLAINSCAPITAL COMPANY 99 6.70% $7,739
    Mortgage Research Center, LLC 69 6.64% $6,681
    First Financial Bank 50 6.23% $8,114
    CARDINAL FINANCIAL 32 6.49% $11,539
    City Bank 27 6.69% $6,943
    SUCCESS MORTGAGE PARTNERS, INC. 22 6.86% $8,387
    UNITED WHOLESALE MORTGAGE, LLC 19 6.31% $8,330
    Prosperity Home Mortgage, LLC 17 6.19% $8,390
    MOVEMENT MORTGAGE, LLC 14 6.30% $9,496
    DHI MORTGAGE COMPANY, LTD. 12 5.29% $8,860
    NAVY FEDERAL CREDIT UNION 11 5.86% $8,189
    SWBC MORTGAGE CORPORATION 10 6.52% $7,041
    USAA Federal Savings Bank 10 6.53% $11,142
    QUICKEN LOANS, LLC 7 6.02% $9,018
    Renasant Bank 7 6.55% $10,069
    CMG MORTGAGE, INC. 6 6.90% $8,877
    MORTGAGE FINANCIAL SERVICES, LLC 6 6.85% $14,143
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.28% $5,187
    PENNYMAC LOAN SERVICES, LLC 5 5.85% $8,151
    NBKC BANK 4 5.91% $9,449
    Paramount Residential Mortgage Group, Inc. 4 6.22% $16,433
    FREEDOM MORTGAGE CORPORATION 4 6.88% $8,982
    PENTAGON FEDERAL CREDIT UNION 3 5.50% $14,231
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.67% $10,220
    GUARANTEED RATE, INC. 3 5.92% $7,568
    GUILD MORTGAGE COMPANY 3 6.17% $13,168
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.38% $7,271
    Mr. Cooper ( Nationstar Mortgage ) 3 4.67% $6,412
    BROKER SOLUTIONS, INC. 2 6.94% $17,971
    LOANDEPOT.COM, LLC 2 5.31% $5,160
    Neighborhood Loans, Inc. 2 6.13% $15,761
    Century Mortgage Company DBA Century Lending Company 2 5.50% $7,523
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $7,465
    CROSSCOUNTRY MORTGAGE, LLC 2 7.50% $11,941
    LOANPEOPLE, LLC 1 5.75% $8,957
    Armed Forces Bank 1 6.50% $4,745
    Barrington Bank & Trust Company, N.A. 1 5.75% $8,690
    Citizens Bank 1 7.50% $5,248
    DAS Acquisition Company, LLC 1 7.00% $6,755
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.62% $3,310
    Eagle Bank and Trust Company 1 5.75% $19,842
    ENVOY MORTGAGE, LTD 1 7.50% $3,449
    Flagstar Bank, FSB 1 6.75% $4,700
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $5,612
    GENEVA FINANCIAL, LLC 1 6.13% $11,274
    GMFS LLC 1 7.75% $1,460
    JET HOMELOANS, LLC 1 5.49% $12,843
    JPMorgan Chase Bank 1 4.75% $11,706
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $5,926
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $10,311
    MICHIGAN MUTUAL, INC. 1 5.63% $4,751
    MORTGAGEONE, INC. 1 7.88% $5,875
    NEW DAY FINANCIAL, LLC 1 7.75% $8,444
    North American Savings Bank, F.S.B. 1 7.38% $11,303
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $12,327
    Presidential Bank, FSB 1 5.75% $8,964
    Prosperity Bank 1 7.25% $11,466
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $7,217
    SENTE MORTGAGE, INC. 1 6.25% $37,910
    SOUTHWEST STAGE FUNDING, LLC 1 6.75% $50
    TEXAS TECH 1 6.38% $2,516

    The top Abilene VA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 99 VA loans originated. Their average total fees are $7,739, which is $1,058 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Abilene VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,681), City Bank ($6,943), SWBC MORTGAGE CORPORATION ($7,041), PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,739) and First Financial Bank ($8,114).

    The lowest rate Abilene VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.29%), NAVY FEDERAL CREDIT UNION (5.86%), Prosperity Home Mortgage, LLC (6.19%), First Financial Bank (6.23%) and MOVEMENT MORTGAGE, LLC (6.30%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Abilene (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $178,875 (19.3%) $236,149 (24.1%) 0.66 489
    2018-02-01 $179,000 (23.2%) $234,820 (21.8%) 0.65 506
    2018-03-01 $189,950 (17.3%) $230,261 (14.4%) 0.67 513
    2018-04-01 $204,950 (13.9%) $239,165 (10.6%) 0.69 524
    2018-05-01 $199,950 (7.2%) $242,455 (7.3%) 0.67 553
    2018-06-01 $199,400 (9.6%) $233,174 (2.5%) 0.66 592
    2018-07-01 $198,950 (6.5%) $228,280 (-0.4%) 0.66 615
    2018-08-01 $200,475 (10.2%) $227,021 (-0.5%) 0.67 604
    2018-09-01 $199,900 (14.3%) $231,652 (2.2%) 0.67 597
    2018-10-01 $200,000 (17.7%) $229,309 (1.3%) 0.68 620
    2018-11-01 $199,900 (17.7%) $227,087 (1.1%) 0.68 594
    2018-12-01 $199,900 (17.6%) $227,906 (-0.4%) 0.69 586
    2019-01-01 $199,900 (11.8%) $228,566 (-3.2%) 0.69 578
    2019-02-01 $204,250 (14.1%) $234,073 (-0.3%) 0.69 543
    2019-03-01 $211,386 (11.3%) $242,821 (5.5%) 0.69 550
    2019-04-01 $218,950 (6.8%) $248,751 (4.0%) 0.70 566
    2019-05-01 $219,700 (9.9%) $251,771 (3.8%) 0.69 563
    2019-06-01 $219,000 (9.8%) $253,033 (8.5%) 0.68 552
    2019-07-01 $213,950 (7.5%) $249,533 (9.3%) 0.67 561
    2019-08-01 $211,914 (5.7%) $248,494 (9.5%) 0.67 566
    2019-09-01 $216,434 (8.3%) $251,721 (8.7%) 0.69 572
    2019-10-01 $219,925 (10.0%) $252,688 (10.2%) 0.71 575
    2019-11-01 $217,500 (8.8%) $250,554 (10.3%) 0.71 564
    2019-12-01 $215,200 (7.7%) $247,533 (8.6%) 0.72 559
    2020-01-01 $215,300 (7.7%) $245,006 (7.2%) 0.72 540
    2020-02-01 $219,900 (7.7%) $245,216 (4.8%) 0.72 532
    2020-03-01 $212,500 (0.5%) $234,614 (-3.4%) 0.67 554
    2020-04-01 $220,925 (0.9%) $251,727 (1.2%) 0.69 501
    2020-05-01 $224,950 (2.4%) $251,489 (-0.1%) 0.68 470
    2020-06-01 $227,250 (3.8%) $261,471 (3.3%) 0.67 478
    2020-07-01 $227,450 (6.3%) $265,476 (6.4%) 0.66 461
    2020-08-01 $225,000 (6.2%) $262,609 (5.7%) 0.64 424
    2020-09-01 $219,975 (1.6%) $264,262 (5.0%) 0.63 409
    2020-10-01 $219,950 (0.0%) $269,534 (6.7%) 0.63 369
    2020-11-01 $228,950 (5.3%) $275,128 (9.8%) 0.67 312
    2020-12-01 $218,113 (1.4%) $261,413 (5.6%) 0.65 305
    2021-01-01 $207,000 (-3.9%) $253,648 (3.5%) 0.62 263
    2021-02-01 $214,300 (-2.6%) $264,877 (8.0%) 0.62 183
    2021-03-01 $202,463 (-4.7%) $268,340 (14.4%) 0.57 154
    2021-04-01 $224,950 (1.8%) $292,833 (16.3%) 0.61 168
    2021-05-01 $229,900 (2.2%) $309,225 (23.0%) 0.61 177
    2021-06-01 $223,675 (-1.6%) $308,292 (17.9%) 0.59 203
    2021-07-01 $219,000 (-3.7%) $291,267 (9.7%) 0.58 258
    2021-08-01 $240,000 (6.7%) $304,791 (16.1%) 0.64 308
    2021-09-01 $259,900 (18.2%) $318,187 (20.4%) 0.69 302
    2021-10-01 $250,000 (13.7%) $324,654 (20.5%) 0.67 274
    2021-11-01 $258,800 (13.0%) $326,116 (18.5%) 0.69 262
    2021-12-01 $253,850 (16.4%) $330,055 (26.3%) 0.69 244
    2022-01-01 $254,700 (23.0%) $326,470 (28.7%) 0.69 225
    2022-02-01 $262,925 (22.7%) $340,792 (28.7%) 0.68 199
    2022-03-01 $256,250 (26.6%) $353,446 (31.7%) 0.64 193
    2022-04-01 $275,000 (22.3%) $358,065 (22.3%) 0.66 209
    2022-05-01 $281,200 (22.3%) $380,241 (23.0%) 0.64 247
    2022-06-01 $276,950 (23.8%) $379,273 (23.0%) 0.62 310
    2022-07-01 $279,900 (27.8%) $377,852 (29.7%) 0.63 381
    2022-08-01 $279,900 (16.6%) $353,064 (15.8%) 0.65 465
    2022-09-01 $281,900 (8.5%) $344,912 (8.4%) 0.66 494
    2022-10-01 $284,375 (13.8%) $348,615 (7.4%) 0.67 549
    2022-11-01 $281,066 (8.6%) $337,991 (3.6%) 0.68 560
    2022-12-01 $279,000 (9.9%) $333,731 (1.1%) 0.69 515
    2023-01-01 $280,054 (10.0%) $326,492 (0.0%) 0.69 458
    2023-02-01 $284,925 (8.4%) $332,787 (-2.4%) 0.69 424
    2023-03-01 $290,319 (13.3%) $343,629 (-2.8%) 0.68 436
    2023-04-01 $299,900 (9.1%) $362,804 (1.3%) 0.70 448
    2023-05-01 $314,995 (12.0%) $367,498 (-3.4%) 0.71 469
    2023-06-01 $314,993 (13.7%) $371,821 (-2.0%) 0.71 485
    2023-07-01 $314,990 (12.5%) $370,604 (-1.9%) 0.72 532
    2023-08-01 $299,900 (7.2%) $355,417 (0.7%) 0.69 581
    2023-09-01 $299,900 (6.4%) $366,444 (6.2%) 0.70 576
    2023-10-01 $296,450 (4.3%) $353,786 (1.5%) 0.70 628
    2023-11-01 $298,468 (6.2%) $361,564 (7.0%) 0.71 606
    2023-12-01 $288,906 (3.6%) $344,361 (3.2%) 0.70 588
    2024-01-01 $277,263 (-1.0%) $340,611 (4.3%) 0.68 591
    2024-02-01 $271,950 (-4.6%) $337,294 (1.4%) 0.65 591
    2024-03-01 $277,445 (-4.4%) $339,389 (-1.2%) 0.65 567
    Abilene's median listing price for 2024-03-01 was $277,445, a difference of $-12,874 (-4.4%) versus the prior year and $5,495 versus the prior month.

    Abilene's median listing price comes in at 65% of the national average.

    Abilene's average listing price for 2024-03-01 was $339,389, a difference of $-4,240 (-1.2%) versus the prior year and $2,095 versus the prior month.

    For the 2024-03-01 period, Abilene had 567 MLS listings, a difference of -24 listings (-4%) versus the prior month and 131 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Abilene (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 76 days 1,898 sqft
    2018-02-01 66 days 1,891 sqft
    2018-03-01 50 days 1,927 sqft
    2018-04-01 51 days 1,937 sqft
    2018-05-01 49 days 1,907 sqft
    2018-06-01 52 days 1,885 sqft
    2018-07-01 53 days 1,878 sqft
    2018-08-01 57 days 1,864 sqft
    2018-09-01 65 days 1,878 sqft
    2018-10-01 71 days 1,868 sqft
    2018-11-01 76 days 1,864 sqft
    2018-12-01 80 days 1,867 sqft
    2019-01-01 85 days 1,873 sqft
    2019-02-01 85 days 1,872 sqft
    2019-03-01 69 days 1,902 sqft
    2019-04-01 54 days 1,928 sqft
    2019-05-01 57 days 1,915 sqft
    2019-06-01 60 days 1,942 sqft
    2019-07-01 55 days 1,884 sqft
    2019-08-01 54 days 1,880 sqft
    2019-09-01 58 days 1,895 sqft
    2019-10-01 63 days 1,905 sqft
    2019-11-01 71 days 1,910 sqft
    2019-12-01 78 days 1,888 sqft
    2020-01-01 77 days 1,885 sqft
    2020-02-01 68 days 1,908 sqft
    2020-03-01 58 days 1,886 sqft
    2020-04-01 63 days 1,912 sqft
    2020-05-01 59 days 1,920 sqft
    2020-06-01 46 days 1,920 sqft
    2020-07-01 51 days 1,910 sqft
    2020-08-01 52 days 1,912 sqft
    2020-09-01 53 days 1,888 sqft
    2020-10-01 56 days 1,887 sqft
    2020-11-01 54 days 1,923 sqft
    2020-12-01 56 days 1,796 sqft
    2021-01-01 55 days 1,800 sqft
    2021-02-01 61 days 1,854 sqft
    2021-03-01 49 days 1,798 sqft
    2021-04-01 32 days 1,869 sqft
    2021-05-01 31 days 1,876 sqft
    2021-06-01 36 days 1,863 sqft
    2021-07-01 35 days 1,824 sqft
    2021-08-01 35 days 1,901 sqft
    2021-09-01 43 days 1,963 sqft
    2021-10-01 47 days 1,945 sqft
    2021-11-01 49 days 1,877 sqft
    2021-12-01 50 days 1,831 sqft
    2022-01-01 49 days 1,808 sqft
    2022-02-01 45 days 1,845 sqft
    2022-03-01 40 days 1,809 sqft
    2022-04-01 33 days 1,888 sqft
    2022-05-01 33 days 1,894 sqft
    2022-06-01 34 days 1,854 sqft
    2022-07-01 37 days 1,841 sqft
    2022-08-01 38 days 1,840 sqft
    2022-09-01 45 days 1,826 sqft
    2022-10-01 51 days 1,853 sqft
    2022-11-01 61 days 1,847 sqft
    2022-12-01 78 days 1,856 sqft
    2023-01-01 80 days 1,854 sqft
    2023-02-01 70 days 1,885 sqft
    2023-03-01 53 days 1,926 sqft
    2023-04-01 47 days 1,944 sqft
    2023-05-01 51 days 1,982 sqft
    2023-06-01 50 days 1,991 sqft
    2023-07-01 46 days 1,973 sqft
    2023-08-01 49 days 1,936 sqft
    2023-09-01 54 days 1,916 sqft
    2023-10-01 55 days 1,882 sqft
    2023-11-01 61 days 1,909 sqft
    2023-12-01 72 days 1,863 sqft
    2024-01-01 73 days 1,839 sqft
    2024-02-01 67 days 1,815 sqft
    2024-03-01 57 days 1,816 sqft
    Abilene's median listing age (time on market) for 2024-03-01 was 57 days. This is 9% longer than the same period one year ago.

    Abilene's median square footage for active listings during the 2024-03-01 period was 1,816 sqft. One year prior, the average listing was 1,926 sqft.

    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.