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 82 lenders originated 621 VA loans during 2022. The total origination value was $169,445,000, with an average VA loan value of $272,858.

Abilene VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Abilene averaged 6.65% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Abilene's average VA mortgage closing costs are $6,053.

The average rate for the prior week (2024-02-23) was 6.58% and one month ago for the week of 2024-01-26, the average rate was 6.01%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.24%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 113 4.91% $8,928
Mortgage Research Center, LLC 93 5.02% $7,569
First Financial Bank 69 4.63% $8,638
CARDINAL FINANCIAL 42 5.19% $11,132
City Bank 27 4.98% $10,042
SWBC MORTGAGE CORPORATION 17 5.11% $12,445
USAA Federal Savings Bank 16 4.20% $8,655
FREEDOM MORTGAGE CORPORATION 16 4.48% $5,309
UNITED WHOLESALE MORTGAGE, LLC 16 3.98% $7,031
MORTGAGE FINANCIAL SERVICES, LLC 15 5.02% $10,658
HOME POINT FINANCIAL CORPORATION 12 5.08% $8,645
Gateway First Bank 10 4.25% $10,604
CMG MORTGAGE, INC. 9 4.30% $8,649
PENNYMAC LOAN SERVICES, LLC 9 3.10% $8,658
MOVEMENT MORTGAGE, LLC 8 5.73% $7,561
NAVY FEDERAL CREDIT UNION 7 4.00% $5,333
QUICKEN LOANS, LLC 7 3.68% $6,501
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.95% $12,122
NATIONS DIRECT MORTGAGE, LLC 5 4.68% $10,413
BROKER SOLUTIONS, INC. 4 5.41% $8,063
Citizens Bank 4 4.91% $3,966
First Guaranty Mortgage Corporation 3 2.58% $3,484
Barrington Bank & Trust Company, N.A. 3 4.41% $3,866
NBKC BANK 3 4.21% $7,082
NEW DAY FINANCIAL, LLC 3 4.17% $6,708
Paramount Residential Mortgage Group, Inc. 3 4.75% $8,430
GMFS LLC 3 5.25% $3,123
GUARANTEED RATE, INC. 3 5.03% $4,576
CROSSCOUNTRY MORTGAGE, LLC 3 4.96% $6,390
CALIBER HOME LOANS, INC. 3 3.42% $14,272
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.06% $8,124
CLEARPATH LENDING 2 3.06% $2,670
Wells Fargo Bank 2 3.63% $11,714
ZILLOW HOME LOANS, LLC 2 5.31% $12,006
AMCAP MORTGAGE, LTD. 2 5.31% $11,829
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.38% $1,340
Prosperity Home Mortgage, LLC 2 6.25% $10,030
Hometown Lenders, Inc. 2 4.69% $13,374
INTEGRITY MORTGAGE CORPORATION OF TEXAS 2 4.93% $4,562
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.75% $5,779
PENTAGON FEDERAL CREDIT UNION 2 3.25% $2,995
ENVOY MORTGAGE, LTD 2 5.44% $11,352
Mr. Cooper ( Nationstar Mortgage ) 2 2.94% $4,043
BNC National Bank 2 4.44% $8,420
T2 FINANCIAL LLC 2 5.38% $5,976
SUCCESS MORTGAGE PARTNERS, INC. 2 6.88% $11,839
SOUTHWEST STAGE FUNDING, LLC 2 4.13% $2,334
Zions Bank 1 3.00% $20,455
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $4,726
AMERICAN FINANCING CORPORATION 1 3.13% $3,375
ASPIRE FINANCIAL, INC. 1 3.63% $7,848
Carrington Mortgage Services, LLC 1 3.38% $9,993
Centennial Bank 1 2.75% $5,792
CERTAINTY HOME LOANS, LLC 1 5.63% $5,131
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.88% $2,827
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.88% $11,388
EVERETT FINANCIAL, INC. 1 6.13% $7,141
FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $2,396
First Bank & Trust 1 4.25% $3,425
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.00% $4,359
First Mortgage Solutions, LLC 1 4.25% $21,258
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.00% $16,536
GUILD MORTGAGE COMPANY 1 4.00% $10,953
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $6,770
INTERLINC MORTGAGE SERVICES, LLC 1 3.75% $5,813
JPMorgan Chase Bank 1 5.63% $9,464
LAKEVIEW LOAN SERVICING, LLC 1 3.75% $2,823
LOANDEPOT.COM, LLC 1 2.88% $4,165
Low VA Rates, LLC 1 3.88% $24,767
Mid-Continent Funding, Inc. 1 5.13% $6,695
NATIONS RELIABLE LENDING, LLC 1 6.13% $8,273
NBH Bank 1 4.63% $13,123
OPEN MORTGAGE, LLC 1 7.13% $4,480
PANORAMA MORTGAGE GROUP, LLC 1 5.63% $8,979
Republic State Mortgage Co. 1 5.63% $5,423
SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $6,953
TEXAS TECH 1 5.75% $12,859
The Central Trust Bank 1 3.25% $10,675
Town Square Mortgage & Investments, Inc. 1 5.75% $5,367
UNION HOME MORTGAGE CORP. 1 2.75% $5,724
VILLAGE CAPITAL MORTGAGE 1 2.75% $1,357
Watermark Capital, Inc. 1 5.88% $7,903

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 $8,928, which is $1,359 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Abilene VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($5,309), UNITED WHOLESALE MORTGAGE, LLC ($7,031), Mortgage Research Center, LLC ($7,569), First Financial Bank ($8,638) and HOME POINT FINANCIAL CORPORATION ($8,645).

The lowest rate Abilene VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (3.98%), USAA Federal Savings Bank (4.20%), Gateway First Bank (4.25%), FREEDOM MORTGAGE CORPORATION (4.48%) and First Financial Bank (4.63%).


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
Abilene's median listing price for 2024-01-01 was $277,263, a difference of $-2,791 (-1.0%) versus the prior year and $-11,643 versus the prior month.

Abilene's median listing price comes in at 68% of the national average.

Abilene's average listing price for 2024-01-01 was $340,611, a difference of $14,119 (4.3%) versus the prior year and $-3,750 versus the prior month.

For the 2024-01-01 period, Abilene had 591 MLS listings, a difference of 3 listings (1%) versus the prior month and 133 listings (29%) 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
Abilene's median listing age (time on market) for 2024-01-01 was 73 days. This is -9% shorter than the same period one year ago.

Abilene's median square footage for active listings during the 2024-01-01 period was 1,839 sqft. One year prior, the average listing was 1,854 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.