Amarillo VA Loan Rates, Closing Costs & Stats

AMARILLO, 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.

Amarillo's 62 lenders originated 406 VA loans during 2024. The total origination value was $126,460,000, with an average VA loan value of $311,478.

Amarillo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Amarillo averaged 0.5% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Amarillo's average VA mortgage closing costs are $6,200.

The average rate for the prior week (2025-06-27) was 6.64% and one month ago for the week of 2025-05-30, the average rate was 6.96%.

The average rate one year ago was 6.98%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.22%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Amarillo 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 Amarillo level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 71 6.47% $4,867
Amarillo National Bank 28 6.12% $7,807
ASSOCIATED MORTGAGE CORPORATION 24 6.35% $9,291
TEXAS TECH 20 6.26% $8,011
UNITED WHOLESALE MORTGAGE, LLC 17 5.73% $5,642
USAA Federal Savings Bank 13 6.51% $6,067
NAVY FEDERAL CREDIT UNION 12 5.99% $5,532
VILLAGE CAPITAL MORTGAGE 12 5.62% $6,231
PENNYMAC LOAN SERVICES, LLC 12 5.68% $5,328
EUSTIS AND AMERICAN MORTGAGE COMPANY 11 6.67% $5,415
THE MORTGAGE LINK, INC. 11 6.57% $17,300
GUILD MORTGAGE COMPANY 11 6.13% $7,597
FREEDOM MORTGAGE CORPORATION 10 6.08% $4,142
PLANET HOME LENDING, LLC 9 5.33% $5,710
First United Bank 8 6.06% $12,496
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.03% $12,498
QUICKEN LOANS, LLC 8 6.14% $9,121
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.68% $5,367
Alliance Credit Union 5 5.96% $7,412
NATIONS RELIABLE LENDING, LLC 5 6.45% $11,748
CROSSCOUNTRY MORTGAGE, LLC 4 6.50% $6,842
DAS Acquisition Company, LLC 4 6.34% $6,782
LAKEVIEW LOAN SERVICING, LLC 4 5.56% $6,586
SECURITYNATIONAL MORTGAGE COMPANY 4 6.31% $8,231
CARDINAL FINANCIAL 3 5.94% $8,672
Flagstar Bank, FSB 3 6.71% $6,994
Centennial Bank 3 5.92% $10,643
U.S. Bank 3 6.00% $11,183
NBKC BANK 2 5.31% $4,550
GUARANTEED RATE AFFINITY, LLC 2 5.98% $4,000
GUARANTEED RATE, INC. 2 6.06% $1,160
First Federal Bank 2 6.50% $6,171
MORTGAGEONE, INC. 2 6.19% $5,584
Gateway First Bank 2 5.62% $9,361
NEWREZ LLC 2 5.88% $8,439
PENTAGON FEDERAL CREDIT UNION 2 6.19% $9,236
BROKER SOLUTIONS, INC. 2 6.38% $10,377
AmeriHome Mortgage Company, LLC 2 6.63% $1,791
FLAT BRANCH MORTGAGE, INC. 2 6.56% $3,849
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $6,811
Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $11,875
CORNERSTONE HOME LENDING, INC. 1 6.00% $6,697
COMPASS MORTGAGE, INC. 1 7.13% $8,514
Axos Bank 1 6.63% $11,473
NEW DAY FINANCIAL, LLC 1 6.99% $16,719
UNION HOME MORTGAGE CORP. 1 5.63% $19,241
CMG MORTGAGE, INC. 1 6.50% $6,210
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.38% $8,749
Plains Commerce Bank 1 6.13% $10,316
CLEARPATH LENDING 1 4.99% $3,290
HOMESIDE FINANCIAL, LLC 1 5.75% $4,734
GoPrime Mortgage, Inc. 1 6.25% $14,911
AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $2,998
SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $3,141
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.13% $4,859
HOMETRUST MORTGAGE COMPANY 1 6.75% $11,973
LEADERONE FINANCIAL CORPORATION 1 7.63% $7,335
LOANDEPOT.COM, LLC 1 5.99% $6,836
Mid-Continent Funding, Inc. 1 5.99% $3,128
MORTGAGE FINANCIAL SERVICES, LLC 1 6.00% $3,407
The Federal Savings Bank 1 5.75% $21,031
Encompass Lending Group, LP 1 7.25% $7,133

The top Amarillo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 71 VA loans originated. Their average total fees are $4,867, which is $2,940 lower than the next largest lender, Amarillo National Bank.

The lowest fee Amarillo VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($4,142), Mortgage Research Center, LLC ($4,867), PENNYMAC LOAN SERVICES, LLC ($5,328), EUSTIS AND AMERICAN MORTGAGE COMPANY ($5,415) and NAVY FEDERAL CREDIT UNION ($5,532).

The lowest rate Amarillo VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.62%), PENNYMAC LOAN SERVICES, LLC (5.68%), UNITED WHOLESALE MORTGAGE, LLC (5.73%), NAVY FEDERAL CREDIT UNION (5.99%) and FREEDOM MORTGAGE CORPORATION (6.08%).

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.