Abilene VA Loans
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 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 90 lenders originated 1,313 VA
loans during 2021. The total origination value was $305,815,000, with an average VA loan value of
$232,913.
Abilene VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Abilene
averaged
5.7%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.63% and
one month ago for the week of 2022-04-08, the
average rate was 4.95%.
The average rate one year ago was 3.07%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.21%.
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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Abilene level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
176
|
2.95%
|
$7,345
|
Mortgage Research Center, LLC
|
104
|
2.82%
|
$6,444
|
First Financial Bank
|
103
|
2.61%
|
$7,135
|
FREEDOM MORTGAGE CORPORATION
|
88
|
2.56%
|
$3,287
|
City Bank
|
67
|
2.85%
|
$7,772
|
GUARANTEED RATE, INC.
|
55
|
2.87%
|
$6,777
|
HOME POINT FINANCIAL CORPORATION
|
52
|
2.78%
|
$6,011
|
QUICKEN LOANS, LLC
|
42
|
2.43%
|
$3,692
|
SWBC MORTGAGE CORPORATION
|
40
|
3.14%
|
$6,819
|
PENNYMAC LOAN SERVICES, LLC
|
34
|
2.48%
|
$5,300
|
Gateway First Bank
|
27
|
2.92%
|
$7,411
|
USAA Federal Savings Bank
|
27
|
2.92%
|
$4,911
|
MORTGAGE FINANCIAL SERVICES, LLC
|
25
|
2.88%
|
$6,459
|
Mr. Cooper ( Nationstar Mortgage )
|
24
|
2.69%
|
$4,488
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
24
|
3.12%
|
$7,875
|
NAVY FEDERAL CREDIT UNION
|
22
|
2.47%
|
$5,653
|
CALIBER HOME LOANS, INC.
|
22
|
2.54%
|
$5,346
|
UNITED WHOLESALE MORTGAGE, LLC
|
21
|
2.59%
|
$6,509
|
VILLAGE CAPITAL & INVESTMENT LLC
|
17
|
2.46%
|
$3,001
|
CLEARPATH LENDING
|
16
|
2.40%
|
$4,226
|
LAKEVIEW LOAN SERVICING, LLC
|
15
|
2.62%
|
$2,508
|
NBKC BANK
|
15
|
2.59%
|
$6,755
|
GUILD MORTGAGE COMPANY
|
12
|
2.66%
|
$4,329
|
NEW DAY FINANCIAL, LLC
|
11
|
2.40%
|
$4,880
|
OPEN MORTGAGE, LLC
|
10
|
3.14%
|
$6,485
|
LOANDEPOT.COM, LLC
|
9
|
2.53%
|
$3,256
|
AMERICAN FINANCIAL NETWORK, INC.
|
9
|
2.51%
|
$7,327
|
Wells Fargo Bank
|
8
|
2.52%
|
$3,567
|
Low VA Rates, LLC
|
7
|
2.29%
|
$4,695
|
First Guaranty Mortgage Corporation
|
6
|
2.25%
|
$4,249
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
6
|
3.01%
|
$4,754
|
AmeriHome Mortgage Company, LLC
|
5
|
2.80%
|
$2,370
|
InterContinental Capital Group, Inc
|
4
|
2.63%
|
$5,539
|
The Federal Savings Bank
|
4
|
2.56%
|
$6,140
|
SOUTHWEST STAGE FUNDING, LLC
|
4
|
3.34%
|
$2,475
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
4
|
2.97%
|
$6,800
|
Republic State Mortgage Co.
|
4
|
3.00%
|
$6,892
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
4
|
2.28%
|
$6,545
|
Lakeview Community Capital, LLC
|
4
|
2.41%
|
$4,310
|
ACCELERATE MORTGAGE, LLC
|
3
|
2.33%
|
$5,683
|
NP, Inc.
|
3
|
2.42%
|
$3,053
|
STEARNS LENDING, LLC
|
3
|
2.46%
|
$8,983
|
CMG MORTGAGE, INC.
|
3
|
2.42%
|
$4,300
|
PHH Mortgage Corporation
|
2
|
2.63%
|
$4,052
|
AMERICAN FINANCIAL RESOURCES, INC.
|
2
|
3.38%
|
$8,310
|
AMERICAN FINANCING CORPORATION
|
2
|
2.56%
|
$4,629
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
2.88%
|
$7,407
|
Barrington Bank & Trust Company, N.A.
|
2
|
2.97%
|
$2,991
|
BNC National Bank
|
2
|
2.25%
|
$3,089
|
Carrington Mortgage Services, LLC
|
2
|
3.63%
|
$9,829
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
3.00%
|
$5,828
|
Commerce Home Mortgage, Inc.
|
2
|
2.50%
|
$3,759
|
COUNTRYPLACE MORTGAGE, LTD.
|
2
|
3.63%
|
$7,198
|
JAMES B. NUTTER & COMPANY
|
2
|
2.63%
|
$2,369
|
KELLER MORTGAGE, LLC
|
2
|
2.75%
|
$3,065
|
NBH Bank
|
2
|
2.37%
|
$2,942
|
MID AMERICA MORTGAGE, INC.
|
1
|
3.88%
|
$4,846
|
LOANPAL, LLC
|
1
|
2.63%
|
$3,490
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
3.25%
|
$6,915
|
LENDUS, LLC
|
1
|
2.38%
|
$14,339
|
AMCAP MORTGAGE, LTD.
|
1
|
3.25%
|
$8,346
|
J. VIRGIL, INC.
|
1
|
3.75%
|
$9,785
|
INTERCAP LENDING INC.
|
1
|
2.63%
|
$10,653
|
North American Savings Bank, F.S.B.
|
1
|
2.50%
|
$9,563
|
HOMESIDE FINANCIAL, LLC
|
1
|
3.75%
|
$14,404
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
1
|
2.49%
|
$1,771
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
1
|
3.25%
|
$4,974
|
GMFS LLC
|
1
|
2.88%
|
$9,720
|
PLANET HOME LENDING, LLC
|
1
|
2.50%
|
$10,893
|
PLAZA HOME MORTGAGE, INC.
|
1
|
2.63%
|
$2,712
|
FLAT BRANCH MORTGAGE, INC.
|
1
|
3.00%
|
$4,316
|
First United Bank and Trust Company
|
1
|
3.00%
|
$12,873
|
First National Bank
|
1
|
2.25%
|
$4,159
|
ROUNDPOINT MORTGAGE SERVICING CORPORATION
|
1
|
3.75%
|
$3,877
|
Equity Prime Mortgage LLC
|
1
|
2.75%
|
$4,250
|
SOVEREIGN LENDING GROUP INCORPORATED
|
1
|
2.25%
|
$7,964
|
CROSSCOUNTRY MORTGAGE, LLC
|
1
|
2.63%
|
$10,199
|
Strong Home Mortgage, LLC
|
1
|
2.38%
|
$1,798
|
SUN WEST MORTGAGE COMPANY, INC.
|
1
|
2.75%
|
$4,326
|
COMMUNITIES OF ABILENE FEDERAL CREDIT UNION
|
1
|
2.88%
|
$4,431
|
TEXAS TECH
|
1
|
2.75%
|
$13,346
|
Century Mortgage Company DBA Century Lending Company
|
1
|
3.25%
|
$9,741
|
Truist Bank
|
1
|
2.75%
|
$2,727
|
UNION HOME MORTGAGE CORP.
|
1
|
2.25%
|
$10,543
|
BROKER SOLUTIONS, INC.
|
1
|
2.75%
|
$9,963
|
Armed Forces Bank
|
1
|
2.25%
|
$4,055
|
U.S. Bank
|
1
|
2.50%
|
$6,788
|
AMPLIFY
|
1
|
2.50%
|
$13,389
|
Wallick & Volk, Inc.
|
1
|
2.25%
|
$5,498
|
MOVEMENT MORTGAGE, LLC
|
1
|
3.13%
|
$3,772
|
The top Abilene VA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
176 VA loans originated. Their average total fees are
$7,345, which is $901
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Abilene VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,508), VILLAGE CAPITAL & INVESTMENT LLC ($3,001), FREEDOM MORTGAGE CORPORATION ($3,287), QUICKEN LOANS, LLC ($3,692) and CLEARPATH LENDING ($4,226).
The lowest rate Abilene VA lenders (with over 10 loans originated) are
NEW DAY FINANCIAL, LLC (2.40%), CLEARPATH LENDING (2.40%), QUICKEN LOANS, LLC (2.43%), VILLAGE CAPITAL & INVESTMENT LLC (2.46%) and NAVY FEDERAL CREDIT UNION (2.47%).
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.