Andrews VA Loan Rates, Closing Costs & Stats

Andrews, 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.

    Andrews's 11 lenders originated 19 VA loans during 2023. The total origination value was $6,815,000, with an average VA loan value of $358,684.

    Andrews VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Andrews averaged 6.91% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Andrews's average VA mortgage closing costs are $8,481.

    The average rate for the prior week (2024-04-12) was 6.94% and one month ago for the week of 2024-03-15, the average rate was 6.8%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Andrews 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 Andrews level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 5 6.35% $11,292
    AMCAP MORTGAGE, LTD. 3 6.79% $16,304
    EVERETT FINANCIAL, INC. 2 6.38% $11,439
    USAA Federal Savings Bank 2 6.38% $13,152
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $4,607
    PLAZA HOME MORTGAGE, INC. 1 5.50% $11,358
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $13,240
    Waterstone Mortgage Corporation 1 6.13% $11,715
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $27,532
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $15,200
    NAVY FEDERAL CREDIT UNION 1 5.25% $3,857

    The top Andrews VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $11,292, which is $5,012 lower than the next largest lender, AMCAP MORTGAGE, LTD..

    The lowest fee Andrews VA lenders (with over 10 loans originated) are .

    The lowest rate Andrews VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Andrews (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 $213,750 (13.0%) $246,342 (5.0%) 0.00 80
    2018-02-01 $223,000 (11.5%) $269,809 (10.8%) 0.00 81
    2018-03-01 $227,000 (6.3%) $268,516 (12.7%) 0.00 81
    2018-04-01 $229,500 (5.3%) $275,178 (11.6%) 0.00 74
    2018-05-01 $240,000 (9.8%) $288,837 (19.6%) 0.00 66
    2018-06-01 $240,000 (9.3%) $288,926 (19.0%) 0.00 59
    2018-07-01 $261,225 (21.5%) $308,279 (33.3%) 0.00 57
    2018-08-01 $266,500 (35.0%) $309,976 (39.0%) 0.00 45
    2018-09-01 $235,000 (19.6%) $286,384 (22.2%) 0.00 41
    2018-10-01 $219,250 (9.8%) $271,798 (13.8%) 0.00 40
    2018-11-01 $229,225 (14.9%) $277,547 (18.6%) 0.00 41
    2018-12-01 $193,950 (-9.3%) $263,231 (9.8%) 0.00 47
    2019-01-01 $216,200 (1.2%) $265,605 (7.8%) 0.00 46
    2019-02-01 $232,975 (4.5%) $262,576 (-2.7%) 0.00 55
    2019-03-01 $247,734 (9.1%) $259,005 (-3.5%) 0.00 53
    2019-04-01 $281,140 (22.5%) $265,715 (-3.4%) 0.00 51
    2019-05-01 $277,370 (15.6%) $290,354 (0.5%) 0.00 50
    2019-06-01 $290,507 (21.0%) $301,730 (4.4%) 0.00 47
    2019-07-01 $268,695 (2.9%) $275,169 (-10.7%) 0.00 51
    2019-08-01 $255,636 (-4.1%) $270,832 (-12.6%) 0.00 55
    2019-09-01 $249,091 (6.0%) $278,352 (-2.8%) 0.00 59
    2019-10-01 $242,025 (10.4%) $287,400 (5.7%) 0.00 62
    2019-11-01 $240,100 (4.7%) $290,138 (4.5%) 0.00 61
    2019-12-01 $244,000 (25.8%) $283,990 (7.9%) 0.00 63
    2020-01-01 $236,950 (9.6%) $292,881 (10.3%) 0.00 64
    2020-02-01 $228,850 (-1.8%) $283,756 (8.1%) 0.00 71
    2020-03-01 $227,900 (-8.0%) $275,620 (6.4%) 0.00 87
    2020-04-01 $221,450 (-21.2%) $273,274 (2.8%) 0.00 97
    2020-05-01 $227,900 (-17.8%) $273,569 (-5.8%) 0.00 89
    2020-06-01 $235,500 (-18.9%) $276,328 (-8.4%) 0.00 85
    2020-07-01 $241,000 (-10.3%) $282,056 (2.5%) 0.00 82
    2020-08-01 $247,000 (-3.4%) $287,200 (6.0%) 0.00 75
    2020-09-01 $259,500 (4.2%) $303,393 (9.0%) 0.00 85
    2020-10-01 $260,000 (7.4%) $299,304 (4.1%) 0.00 88
    2020-11-01 $260,450 (8.5%) $296,944 (2.4%) 0.00 89
    2020-12-01 $259,250 (6.3%) $292,161 (2.9%) 0.00 97
    2021-01-01 $249,500 (5.3%) $286,410 (-2.2%) 0.00 84
    2021-02-01 $246,000 (7.5%) $288,630 (1.7%) 0.00 96
    2021-03-01 $250,000 (9.7%) $294,450 (6.8%) 0.00 88
    2021-04-01 $255,750 (15.5%) $298,340 (9.2%) 0.00 87
    2021-05-01 $252,500 (10.8%) $295,884 (8.2%) 0.00 81
    2021-06-01 $263,250 (11.8%) $309,488 (12.0%) 0.00 81
    2021-07-01 $285,700 (18.6%) $319,056 (13.1%) 0.00 78
    2021-08-01 $273,645 (10.8%) $308,764 (7.5%) 0.00 76
    2021-09-01 $259,975 (0.2%) $310,026 (2.2%) 0.00 78
    2021-10-01 $257,250 (-1.1%) $316,199 (5.6%) 0.00 82
    2021-11-01 $248,000 (-4.8%) $306,077 (3.1%) 0.00 80
    2021-12-01 $250,000 (-3.6%) $304,159 (4.1%) 0.00 80
    2022-01-01 $248,000 (-0.6%) $311,342 (8.7%) 0.00 73
    2022-02-01 $219,450 (-10.8%) $283,492 (-1.8%) 0.00 64
    2022-03-01 $228,700 (-8.5%) $299,788 (1.8%) 0.00 58
    2022-04-01 $225,000 (-12.0%) $302,006 (1.2%) 0.00 58
    2022-05-01 $240,400 (-4.8%) $341,125 (15.3%) 0.00 60
    2022-06-01 $229,375 (-12.9%) $324,671 (4.9%) 0.00 75
    2022-07-01 $257,450 (-9.9%) $332,421 (4.2%) 0.00 86
    2022-08-01 $252,475 (-7.7%) $358,428 (16.1%) 0.00 94
    2022-09-01 $262,400 (0.9%) $360,926 (16.4%) 0.00 96
    2022-10-01 $310,000 (20.5%) $385,736 (22.0%) 0.00 92
    2022-11-01 $299,150 (20.6%) $387,165 (26.5%) 0.00 83
    2022-12-01 $295,000 (18.0%) $390,800 (28.5%) 0.00 71
    2023-01-01 $299,799 (20.9%) $402,270 (29.2%) 0.00 73
    2023-02-01 $322,725 (47.1%) $417,708 (47.3%) 0.00 67
    2023-03-01 $306,450 (34.0%) $418,827 (39.7%) 0.00 64
    2023-04-01 $310,000 (37.8%) $427,164 (41.4%) 0.00 65
    2023-05-01 $332,000 (38.1%) $432,460 (26.8%) 0.00 63
    2023-06-01 $296,375 (29.2%) $426,326 (31.3%) 0.00 59
    2023-07-01 $277,500 (7.8%) $379,521 (14.2%) 0.00 57
    2023-08-01 $295,000 (16.8%) $390,808 (9.0%) 0.00 53
    2023-09-01 $295,000 (12.4%) $382,617 (6.0%) 0.00 62
    2023-10-01 $285,875 (-7.8%) $368,515 (-4.5%) 0.00 61
    2023-11-01 $277,500 (-7.2%) $346,524 (-10.5%) 0.00 60
    2023-12-01 $250,000 (-15.3%) $342,807 (-12.3%) 0.00 48
    2024-01-01 $275,000 (-8.3%) $372,432 (-7.4%) 0.00 42
    2024-02-01 $292,250 (-9.4%) $363,939 (-12.9%) 0.00 46
    2024-03-01 $296,500 (-3.3%) $369,946 (-11.7%) 0.00 49
    Andrews's median listing price for 2024-03-01 was $296,500, a difference of $-9,950 (-3.3%) versus the prior year and $4,250 versus the prior month.

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

    Andrews's average listing price for 2024-03-01 was $369,946, a difference of $-48,881 (-11.7%) versus the prior year and $6,007 versus the prior month.

    For the 2024-03-01 period, Andrews had 49 MLS listings, a difference of 3 listings (7%) versus the prior month and -15 listings (-23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Andrews (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,003 sqft
    2018-02-01 0 days 2,105 sqft
    2018-03-01 0 days 2,070 sqft
    2018-04-01 0 days 2,048 sqft
    2018-05-01 0 days 2,041 sqft
    2018-06-01 0 days 2,072 sqft
    2018-07-01 0 days 2,113 sqft
    2018-08-01 0 days 2,159 sqft
    2018-09-01 0 days 2,039 sqft
    2018-10-01 0 days 2,015 sqft
    2018-11-01 0 days 1,980 sqft
    2018-12-01 0 days 1,781 sqft
    2019-01-01 0 days 1,791 sqft
    2019-02-01 0 days 1,879 sqft
    2019-03-01 0 days 1,884 sqft
    2019-04-01 0 days 1,970 sqft
    2019-05-01 0 days 1,969 sqft
    2019-06-01 0 days 1,817 sqft
    2019-07-01 0 days 1,766 sqft
    2019-08-01 0 days 1,746 sqft
    2019-09-01 0 days 1,738 sqft
    2019-10-01 0 days 1,782 sqft
    2019-11-01 0 days 1,711 sqft
    2019-12-01 0 days 1,847 sqft
    2020-01-01 0 days 1,863 sqft
    2020-02-01 0 days 1,850 sqft
    2020-03-01 0 days 1,847 sqft
    2020-04-01 0 days 1,844 sqft
    2020-05-01 0 days 1,847 sqft
    2020-06-01 0 days 1,851 sqft
    2020-07-01 0 days 1,856 sqft
    2020-08-01 0 days 1,853 sqft
    2020-09-01 0 days 1,864 sqft
    2020-10-01 0 days 1,884 sqft
    2020-11-01 0 days 1,903 sqft
    2020-12-01 0 days 1,957 sqft
    2021-01-01 0 days 1,884 sqft
    2021-02-01 0 days 1,934 sqft
    2021-03-01 0 days 1,878 sqft
    2021-04-01 0 days 1,915 sqft
    2021-05-01 0 days 1,902 sqft
    2021-06-01 0 days 1,922 sqft
    2021-07-01 0 days 1,999 sqft
    2021-08-01 0 days 1,999 sqft
    2021-09-01 0 days 1,959 sqft
    2021-10-01 0 days 1,957 sqft
    2021-11-01 0 days 1,955 sqft
    2021-12-01 0 days 1,956 sqft
    2022-01-01 0 days 1,952 sqft
    2022-02-01 0 days 1,807 sqft
    2022-03-01 0 days 1,811 sqft
    2022-04-01 0 days 1,858 sqft
    2022-05-01 0 days 1,872 sqft
    2022-06-01 0 days 1,870 sqft
    2022-07-01 0 days 1,894 sqft
    2022-08-01 0 days 1,934 sqft
    2022-09-01 0 days 1,907 sqft
    2022-10-01 0 days 2,056 sqft
    2022-11-01 0 days 2,040 sqft
    2022-12-01 0 days 2,057 sqft
    2023-01-01 0 days 2,166 sqft
    2023-02-01 0 days 2,201 sqft
    2023-03-01 0 days 2,188 sqft
    2023-04-01 0 days 2,150 sqft
    2023-05-01 0 days 2,111 sqft
    2023-06-01 0 days 2,129 sqft
    2023-07-01 0 days 2,098 sqft
    2023-08-01 0 days 2,064 sqft
    2023-09-01 0 days 2,070 sqft
    2023-10-01 0 days 2,026 sqft
    2023-11-01 0 days 2,003 sqft
    2023-12-01 0 days 1,946 sqft
    2024-01-01 0 days 2,017 sqft
    2024-02-01 0 days 2,042 sqft
    2024-03-01 0 days 1,969 sqft
    Andrews's median listing age (time on market) for 2024-03-01 was 0 days.

    Andrews's median square footage for active listings during the 2024-03-01 period was 1,969 sqft. One year prior, the average listing was 2,188 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.