Abilene VA Loan Rates, Closing Costs & Stats

ABILENE, TX

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    • 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.