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 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.