Abilene VA Loan Rates, Closing Costs & Stats
ABILENE, TX
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 75 lenders originated 696 VA
loans during 2024. The total origination value was $205,560,000, with an average VA loan value of
$295,345.
Abilene VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Abilene
averaged
6.79%
for the week of 2025-07-11, compared to the national average (all VA variants) of
6.37% for the same period.
Abilene's average VA mortgage closing costs are $6,431.
The average rate for the prior week (2025-07-04) was
6.6% and
one month ago for the week of 2025-06-06, the
average rate was 6.87%.
The average rate one year ago was 6.79%.
For refis of the same type during the week of 2025-07-11, the average rate
was 6.3%.
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 |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
113
|
6.29%
|
$6,818
|
Mortgage Research Center, LLC
|
106
|
6.41%
|
$6,240
|
First Financial Bank
|
65
|
6.08%
|
$8,307
|
UNITED WHOLESALE MORTGAGE, LLC
|
49
|
5.89%
|
$5,416
|
FREEDOM MORTGAGE CORPORATION
|
30
|
5.81%
|
$6,153
|
PENNYMAC LOAN SERVICES, LLC
|
20
|
5.59%
|
$5,924
|
City Bank
|
19
|
6.35%
|
$8,963
|
MORTGAGE FINANCIAL SERVICES, LLC
|
17
|
6.57%
|
$10,783
|
DHI MORTGAGE COMPANY, LTD.
|
17
|
4.96%
|
$6,343
|
SWBC MORTGAGE CORPORATION
|
13
|
6.17%
|
$8,698
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
13
|
6.53%
|
$7,997
|
LOANDEPOT.COM, LLC
|
13
|
6.65%
|
$8,387
|
USAA Federal Savings Bank
|
11
|
6.63%
|
$8,348
|
NAVY FEDERAL CREDIT UNION
|
10
|
5.98%
|
$7,398
|
SUMMIT FUNDING, INC.
|
9
|
6.44%
|
$8,613
|
Prosperity Home Mortgage, LLC
|
9
|
6.33%
|
$7,658
|
CARDINAL FINANCIAL
|
8
|
6.75%
|
$11,676
|
VILLAGE CAPITAL MORTGAGE
|
8
|
5.72%
|
$5,236
|
SUCCESS MORTGAGE PARTNERS, INC.
|
8
|
6.70%
|
$11,968
|
GUARANTEED RATE, INC.
|
7
|
6.15%
|
$4,868
|
NBKC BANK
|
7
|
6.00%
|
$5,849
|
ENVOY MORTGAGE, LTD
|
7
|
6.91%
|
$8,330
|
CMG MORTGAGE, INC.
|
6
|
5.73%
|
$9,155
|
T2 FINANCIAL LLC
|
5
|
6.53%
|
$19,131
|
QUICKEN LOANS, LLC
|
5
|
6.35%
|
$4,312
|
NEWREZ LLC
|
5
|
6.05%
|
$4,282
|
LAKEVIEW LOAN SERVICING, LLC
|
5
|
6.05%
|
$7,601
|
GUARANTEED RATE AFFINITY, LLC
|
5
|
6.09%
|
$8,294
|
Renasant Bank
|
4
|
5.97%
|
$7,649
|
CROSSCOUNTRY MORTGAGE, LLC
|
4
|
6.47%
|
$12,874
|
DIAMOND RESIDENTIAL MORTGAGE CORPORATION
|
4
|
7.37%
|
$7,149
|
Paramount Residential Mortgage Group, Inc.
|
3
|
6.21%
|
$10,611
|
Century Mortgage Company DBA Century Lending Company
|
3
|
5.63%
|
$2,220
|
FBC MORTGAGE, LLC
|
3
|
6.25%
|
$5,899
|
INTERCAP LENDING INC.
|
3
|
5.83%
|
$8,998
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
3
|
6.21%
|
$9,241
|
EUSTIS AND AMERICAN MORTGAGE COMPANY
|
3
|
6.29%
|
$2,874
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
3
|
6.25%
|
$5,679
|
Lakeview Community Capital, LLC
|
2
|
5.75%
|
$4,165
|
Mr. Cooper ( Nationstar Mortgage )
|
2
|
6.69%
|
$2,859
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
5.88%
|
$12,986
|
PLANET HOME LENDING, LLC
|
2
|
4.41%
|
$8,715
|
Plains Commerce Bank
|
2
|
6.19%
|
$12,929
|
PHH Mortgage Corporation
|
2
|
5.74%
|
$5,150
|
Barrington Bank & Trust Company, N.A.
|
2
|
6.25%
|
$10,219
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
2
|
6.75%
|
$14,693
|
BROKER SOLUTIONS, INC.
|
2
|
6.50%
|
$16,571
|
MOVEMENT MORTGAGE, LLC
|
2
|
5.75%
|
$8,982
|
Ixonia Bank
|
2
|
6.50%
|
$10,404
|
Zions Bank
|
1
|
6.13%
|
$13,400
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
6.13%
|
$5,307
|
American Mortgage Bank, LLC
|
1
|
6.25%
|
$11,566
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
6.50%
|
$14,372
|
AMERICAN PORTFOLIO MORTGAGE CORPORATION
|
1
|
6.63%
|
$2,253
|
AmeriHome Mortgage Company, LLC
|
1
|
6.63%
|
$2,642
|
Armed Forces Bank
|
1
|
7.00%
|
$3,786
|
BancorpSouth
|
1
|
6.63%
|
$3,358
|
Bank of America
|
1
|
5.63%
|
$4,296
|
Carrington Mortgage Services, LLC
|
1
|
6.13%
|
$7,273
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
6.75%
|
$18,213
|
Citizens Bank
|
1
|
6.75%
|
$4,178
|
DIRECTIONS EQUITY, LLC
|
1
|
5.38%
|
$9,317
|
Farmers Bank & Trust
|
1
|
6.50%
|
$7,431
|
First Heritage Mortgage, LLC
|
1
|
5.88%
|
$9,266
|
First National Bank Texas
|
1
|
6.13%
|
$10,217
|
HOMESIDE FINANCIAL, LLC
|
1
|
5.25%
|
$11,043
|
Mid-Continent Funding, Inc.
|
1
|
4.88%
|
$5,820
|
North American Savings Bank, F.S.B.
|
1
|
6.00%
|
$2,992
|
OPEN MORTGAGE, LLC
|
1
|
7.13%
|
$3,859
|
RESIDENTIAL WHOLESALE MORTGAGE, INC.
|
1
|
4.88%
|
$16,308
|
SeaTrust Mortgage Company
|
1
|
6.25%
|
$9,722
|
SOUTHWEST FUNDING, LP
|
1
|
5.50%
|
$11,873
|
SOUTHWEST STAGE FUNDING, LLC
|
1
|
5.88%
|
$1,100
|
Wells Fargo Bank
|
1
|
6.50%
|
$2,052
|
ALLIANT CREDIT UNION
|
1
|
5.50%
|
$5,594
|
The top Abilene VA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
113 VA loans originated. Their average total fees are
$6,818, which is $578
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Abilene VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($5,416), PENNYMAC LOAN SERVICES, LLC ($5,924), FREEDOM MORTGAGE CORPORATION ($6,153), Mortgage Research Center, LLC ($6,240) and DHI MORTGAGE COMPANY, LTD. ($6,343).
The lowest rate Abilene VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (4.96%), PENNYMAC LOAN SERVICES, LLC (5.59%), FREEDOM MORTGAGE CORPORATION (5.81%), UNITED WHOLESALE MORTGAGE, LLC (5.89%) 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.