Amarillo VA Loan Rates, Closing Costs & Stats

AMARILLO, 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.

    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 6.46% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.68% and one month ago for the week of 2025-02-28, the average rate was 6.76%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.08%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Amarillo (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 $218,975 (9.5%) $298,124 (8.6%) 0.81 1,018
    2018-02-01 $225,250 (9.9%) $298,518 (9.3%) 0.82 1,023
    2018-03-01 $225,000 (6.2%) $303,151 (10.3%) 0.79 1,017
    2018-04-01 $231,450 (8.0%) $306,502 (8.4%) 0.78 1,016
    2018-05-01 $236,700 (8.7%) $309,283 (6.7%) 0.79 1,083
    2018-06-01 $238,900 (8.9%) $311,231 (7.4%) 0.80 1,144
    2018-07-01 $238,600 (8.5%) $310,106 (9.6%) 0.80 1,202
    2018-08-01 $236,200 (7.5%) $307,728 (8.5%) 0.79 1,215
    2018-09-01 $234,900 (9.3%) $306,618 (9.0%) 0.79 1,191
    2018-10-01 $234,850 (9.7%) $305,584 (7.4%) 0.80 1,235
    2018-11-01 $235,950 (10.0%) $302,984 (5.9%) 0.80 1,228
    2018-12-01 $233,613 (8.7%) $302,514 (3.2%) 0.81 1,194
    2019-01-01 $227,450 (3.9%) $294,602 (-1.2%) 0.79 1,137
    2019-02-01 $235,425 (4.5%) $299,480 (0.3%) 0.80 1,136
    2019-03-01 $240,286 (6.8%) $304,817 (0.6%) 0.79 1,127
    2019-04-01 $243,500 (5.2%) $305,551 (-0.3%) 0.77 1,116
    2019-05-01 $248,975 (5.2%) $314,697 (1.8%) 0.78 1,091
    2019-06-01 $244,950 (2.5%) $311,815 (0.2%) 0.77 1,140
    2019-07-01 $239,475 (0.4%) $312,099 (0.6%) 0.75 1,129
    2019-08-01 $239,616 (1.5%) $310,531 (0.9%) 0.76 1,103
    2019-09-01 $239,115 (1.8%) $306,885 (0.1%) 0.77 1,065
    2019-10-01 $237,363 (1.1%) $304,455 (-0.4%) 0.77 1,037
    2019-11-01 $234,700 (-0.5%) $306,651 (1.2%) 0.77 966
    2019-12-01 $229,450 (-1.8%) $302,064 (-0.2%) 0.77 937
    2020-01-01 $227,344 (-0.1%) $300,875 (2.1%) 0.76 862
    2020-02-01 $239,925 (1.9%) $317,160 (5.9%) 0.79 864
    2020-03-01 $260,372 (8.4%) $334,361 (9.7%) 0.82 808
    2020-04-01 $269,450 (10.7%) $333,321 (9.1%) 0.84 787
    2020-05-01 $279,000 (12.1%) $344,382 (9.4%) 0.85 771
    2020-06-01 $281,200 (14.8%) $353,522 (13.4%) 0.83 729
    2020-07-01 $279,472 (16.7%) $353,564 (13.3%) 0.81 665
    2020-08-01 $272,268 (13.6%) $351,797 (13.3%) 0.78 604
    2020-09-01 $274,950 (15.0%) $353,128 (15.1%) 0.79 594
    2020-10-01 $275,000 (15.9%) $355,429 (16.7%) 0.79 583
    2020-11-01 $279,800 (19.2%) $354,693 (15.7%) 0.82 571
    2020-12-01 $279,685 (21.9%) $360,706 (19.4%) 0.83 509
    2021-01-01 $275,900 (21.4%) $364,537 (21.2%) 0.82 459
    2021-02-01 $317,375 (32.3%) $412,383 (30.0%) 0.92 370
    2021-03-01 $334,875 (28.6%) $436,602 (30.6%) 0.95 330
    2021-04-01 $340,440 (26.4%) $440,938 (32.3%) 0.92 334
    2021-05-01 $325,250 (16.6%) $436,979 (26.9%) 0.86 305
    2021-06-01 $306,250 (8.9%) $406,486 (15.0%) 0.81 368
    2021-07-01 $299,700 (7.2%) $398,968 (12.8%) 0.79 402
    2021-08-01 $288,000 (5.8%) $396,877 (12.8%) 0.77 407
    2021-09-01 $288,450 (4.9%) $393,084 (11.3%) 0.77 405
    2021-10-01 $305,000 (10.9%) $402,139 (13.1%) 0.81 403
    2021-11-01 $313,500 (12.0%) $405,464 (14.3%) 0.84 383
    2021-12-01 $316,200 (13.1%) $410,301 (13.8%) 0.86 361
    2022-01-01 $315,200 (14.2%) $403,720 (10.8%) 0.85 316
    2022-02-01 $332,625 (4.8%) $426,390 (3.4%) 0.87 286
    2022-03-01 $336,000 (0.3%) $441,005 (1.0%) 0.84 251
    2022-04-01 $326,950 (-4.0%) $433,513 (-1.7%) 0.78 283
    2022-05-01 $322,000 (-1.0%) $407,502 (-6.8%) 0.74 342
    2022-06-01 $330,950 (8.1%) $394,456 (-3.0%) 0.74 407
    2022-07-01 $320,000 (6.8%) $382,496 (-4.1%) 0.72 481
    2022-08-01 $326,838 (13.5%) $381,309 (-3.9%) 0.76 507
    2022-09-01 $326,500 (13.2%) $383,139 (-2.5%) 0.76 501
    2022-10-01 $325,000 (6.6%) $374,577 (-6.9%) 0.76 526
    2022-11-01 $327,450 (4.5%) $377,437 (-6.9%) 0.79 562
    2022-12-01 $340,000 (7.5%) $379,130 (-7.6%) 0.84 550
    2023-01-01 $346,650 (10.0%) $386,446 (-4.3%) 0.86 541
    2023-02-01 $359,925 (8.2%) $394,745 (-7.4%) 0.87 554
    2023-03-01 $349,900 (4.1%) $393,769 (-10.7%) 0.83 566
    2023-04-01 $355,025 (8.6%) $404,331 (-6.7%) 0.83 592
    2023-05-01 $373,500 (16.0%) $421,912 (3.5%) 0.85 646
    2023-06-01 $375,396 (13.4%) $426,414 (8.1%) 0.84 698
    2023-07-01 $375,000 (17.2%) $424,902 (11.1%) 0.85 732
    2023-08-01 $368,870 (12.9%) $417,217 (9.4%) 0.85 735
    2023-09-01 $345,000 (5.7%) $422,409 (10.3%) 0.80 771
    2023-10-01 $335,500 (3.2%) $418,442 (11.7%) 0.79 808
    2023-11-01 $317,000 (-3.2%) $394,058 (4.4%) 0.75 882
    2023-12-01 $320,000 (-5.9%) $396,071 (4.5%) 0.78 891
    2024-01-01 $314,503 (-9.3%) $396,685 (2.7%) 0.77 872
    2024-02-01 $313,950 (-12.8%) $397,010 (0.6%) 0.76 876
    2024-03-01 $315,000 (-10.0%) $400,797 (1.8%) 0.74 882
    2024-04-01 $313,750 (-11.6%) $410,827 (1.6%) 0.73 882
    2024-05-01 $317,600 (-15.0%) $417,284 (-1.1%) 0.72 910
    2024-06-01 $315,000 (-16.1%) $417,349 (-2.1%) 0.72 971
    2024-07-01 $299,394 (-20.2%) $392,033 (-7.7%) 0.68 1,021
    2024-08-01 $299,000 (-18.9%) $382,087 (-8.4%) 0.70 1,023
    2024-09-01 $299,900 (-13.1%) $376,821 (-10.8%) 0.71 1,019
    2024-10-01 $293,875 (-12.4%) $373,967 (-10.6%) 0.69 1,045
    2024-11-01 $295,250 (-6.9%) $379,987 (-3.6%) 0.71 1,047
    2024-12-01 $298,250 (-6.8%) $381,274 (-3.7%) 0.74 1,033
    2025-01-01 $297,355 (-5.5%) $379,034 (-4.5%) 0.74 986
    2025-02-01 $290,747 (-7.4%) $378,316 (-4.7%) 0.71 1,029
    2025-03-01 $298,500 (-5.2%) $382,322 (-4.6%) 0.00 1,013
    Amarillo's median listing price for 2025-03-01 was $298,500, a difference of $-16,500 (-5.2%) versus the prior year and $7,753 versus the prior month.

    Amarillo's median listing price comes in at 0% of the national average.

    Amarillo's average listing price for 2025-03-01 was $382,322, a difference of $-18,475 (-4.6%) versus the prior year and $4,006 versus the prior month.

    For the 2025-03-01 period, Amarillo had 1,013 MLS listings, a difference of -16 listings (-2%) versus the prior month and 131 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Amarillo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 70 days 2,067 sqft
    2018-02-01 48 days 2,085 sqft
    2018-03-01 48 days 2,094 sqft
    2018-04-01 53 days 2,123 sqft
    2018-05-01 51 days 2,137 sqft
    2018-06-01 47 days 2,147 sqft
    2018-07-01 52 days 2,140 sqft
    2018-08-01 53 days 2,137 sqft
    2018-09-01 57 days 2,132 sqft
    2018-10-01 59 days 2,121 sqft
    2018-11-01 61 days 2,119 sqft
    2018-12-01 71 days 2,115 sqft
    2019-01-01 68 days 2,106 sqft
    2019-02-01 45 days 2,106 sqft
    2019-03-01 51 days 2,113 sqft
    2019-04-01 58 days 2,122 sqft
    2019-05-01 60 days 2,136 sqft
    2019-06-01 60 days 2,122 sqft
    2019-07-01 59 days 2,114 sqft
    2019-08-01 59 days 2,118 sqft
    2019-09-01 60 days 2,104 sqft
    2019-10-01 63 days 2,090 sqft
    2019-11-01 68 days 2,059 sqft
    2019-12-01 74 days 2,030 sqft
    2020-01-01 71 days 2,033 sqft
    2020-02-01 56 days 2,054 sqft
    2020-03-01 53 days 2,147 sqft
    2020-04-01 54 days 2,179 sqft
    2020-05-01 56 days 2,220 sqft
    2020-06-01 50 days 2,258 sqft
    2020-07-01 52 days 2,240 sqft
    2020-08-01 51 days 2,225 sqft
    2020-09-01 44 days 2,226 sqft
    2020-10-01 45 days 2,212 sqft
    2020-11-01 43 days 2,216 sqft
    2020-12-01 54 days 2,211 sqft
    2021-01-01 63 days 2,197 sqft
    2021-02-01 40 days 2,393 sqft
    2021-03-01 37 days 2,485 sqft
    2021-04-01 30 days 2,520 sqft
    2021-05-01 32 days 2,487 sqft
    2021-06-01 24 days 2,217 sqft
    2021-07-01 31 days 2,204 sqft
    2021-08-01 34 days 2,162 sqft
    2021-09-01 38 days 2,097 sqft
    2021-10-01 41 days 2,142 sqft
    2021-11-01 44 days 2,160 sqft
    2021-12-01 47 days 2,132 sqft
    2022-01-01 46 days 2,125 sqft
    2022-02-01 33 days 2,221 sqft
    2022-03-01 31 days 2,234 sqft
    2022-04-01 22 days 2,164 sqft
    2022-05-01 22 days 2,138 sqft
    2022-06-01 27 days 2,143 sqft
    2022-07-01 31 days 2,103 sqft
    2022-08-01 37 days 2,129 sqft
    2022-09-01 40 days 2,136 sqft
    2022-10-01 45 days 2,148 sqft
    2022-11-01 44 days 2,156 sqft
    2022-12-01 51 days 2,160 sqft
    2023-01-01 54 days 2,147 sqft
    2023-02-01 41 days 2,165 sqft
    2023-03-01 45 days 2,120 sqft
    2023-04-01 44 days 2,145 sqft
    2023-05-01 42 days 2,190 sqft
    2023-06-01 42 days 2,204 sqft
    2023-07-01 45 days 2,197 sqft
    2023-08-01 48 days 2,167 sqft
    2023-09-01 47 days 2,118 sqft
    2023-10-01 50 days 2,101 sqft
    2023-11-01 52 days 2,059 sqft
    2023-12-01 57 days 2,053 sqft
    2024-01-01 62 days 2,036 sqft
    2024-02-01 47 days 2,033 sqft
    2024-03-01 48 days 2,040 sqft
    2024-04-01 52 days 2,011 sqft
    2024-05-01 47 days 2,064 sqft
    2024-06-01 51 days 2,053 sqft
    2024-07-01 52 days 1,984 sqft
    2024-08-01 53 days 1,972 sqft
    2024-09-01 56 days 1,953 sqft
    2024-10-01 58 days 1,960 sqft
    2024-11-01 64 days 1,977 sqft
    2024-12-01 72 days 1,999 sqft
    2025-01-01 68 days 1,989 sqft
    2025-02-01 48 days 2,002 sqft
    2025-03-01 0 days 2,023 sqft
    Amarillo's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Amarillo's median square footage for active listings during the 2025-03-01 period was 2,023 sqft. One year prior, the average listing was 2,040 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.