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.