Austin VA Loan Rates, Closing Costs & Stats

AUSTIN-ROUND ROCK-GEORGETOWN, 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.

    Austin's 188 lenders originated 2,632 VA loans during 2023. The total origination value was $1,194,560,000, with an average VA loan value of $453,860.

    Austin VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Austin averaged 6.1% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Austin's average VA mortgage closing costs are $162,096.

    The average rate for the prior week (2024-11-01) was 5.86% and one month ago for the week of 2024-10-04, the average rate was 5.18%.

    The average rate one year ago was 7.04%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.7%.

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

    Austin 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 Austin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 256 6.43% $9,278
    DHI MORTGAGE COMPANY, LTD. 230 5.22% $8,332
    EAGLE HOME MORTGAGE, LLC 156 5.22% $5,565
    UNITED WHOLESALE MORTGAGE, LLC 145 6.14% $9,708
    LOANDEPOT.COM, LLC 118 5.81% $14,805
    CMG MORTGAGE, INC. 94 5.75% $14,009
    NAVY FEDERAL CREDIT UNION 76 5.82% $7,425
    KBHS HOME LOANS, LLC 73 5.71% $13,914
    VELOCIO MORTGAGE L.L.C. 71 5.42% $8,971
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 6.48% $12,090
    MOVEMENT MORTGAGE, LLC 48 6.15% $17,116
    SFMC, LP 44 6.01% $15,132
    PULTE MORTGAGE LLC 41 5.62% $7,881
    PRIMELENDING, A PLAINSCAPITAL COMPANY 41 6.30% $11,554
    USAA Federal Savings Bank 39 6.16% $11,663
    QUICKEN LOANS, LLC 38 5.95% $16,081
    CLM MORTGAGE, INC 37 6.03% $8,894
    ADVISA MORTGAGE SERVICES, LTD. 35 5.90% $8,822
    South Pacific Financial Corporation 33 5.55% $13,813
    CORNERSTONE HOME LENDING, INC. 32 6.04% $7,628
    GUARANTEED RATE, INC. 28 6.02% $8,452
    LOANPEOPLE, LLC 28 6.13% $15,240
    FREEDOM MORTGAGE CORPORATION 25 6.18% $12,939
    PENNYMAC LOAN SERVICES, LLC 23 5.59% $11,206
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 22 6.19% $21,215
    HOME FINANCING UNLIMITED, INC. 21 5.81% $10,178
    GUILD MORTGAGE COMPANY 20 6.32% $11,969
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.11% $15,943
    Paramount Residential Mortgage Group, Inc. 20 6.29% $213,109,395
    CRESTMARK MORTGAGE COMPANY, LTD. 19 5.91% $9,051
    NEWREZ LLC 19 6.23% $12,337
    INSPIRE HOME LOANS INC. 18 5.23% $5,524
    PRIORITY HOME MORTGAGE, L.P. 17 5.89% $6,603
    JET HOMELOANS, LLC 17 5.53% $11,431
    Network Funding, L.P. 17 6.15% $17,612
    M/I FINANCIAL, LLC 16 5.98% $19,759
    PLAZA HOME MORTGAGE, INC. 15 5.87% $14,563
    AMCAP MORTGAGE, LTD. 14 6.65% $14,212
    THRIVE MORTGAGE, LLC 14 6.52% $16,930
    MORTGAGE SOLUTIONS OF COLORADO, LLC 13 7.71% $4,683
    GARDNER FINANCIAL SERVICES, LTD. 13 5.81% $19,977
    PENTAGON FEDERAL CREDIT UNION 13 5.74% $13,776
    CROSSCOUNTRY MORTGAGE, LLC 12 6.48% $8,245
    First United Bank and Trust Company 12 6.55% $13,240
    NBKC BANK 12 5.49% $8,486
    EVERETT FINANCIAL, INC. 12 6.68% $10,043
    GUARANTEED RATE AFFINITY, LLC 12 6.48% $13,183
    Plains Commerce Bank 12 6.02% $8,524
    INTERLINC MORTGAGE SERVICES, LLC 11 6.20% $12,587
    FC LENDING, LTD. 10 5.52% $7,104
    NTFN, INC. 9 6.40% $8,865
    BROKER SOLUTIONS, INC. 9 6.50% $14,322
    Flagstar Bank, FSB 9 6.46% $14,398
    Wells Fargo Bank 9 5.82% $8,556
    CARDINAL FINANCIAL 8 6.56% $12,778
    BARTON CREEK LENDING GROUP, LLC 8 6.71% $11,524
    SWBC MORTGAGE CORPORATION 8 6.32% $10,735
    AMERICAN FINANCIAL NETWORK, INC. 8 6.03% $14,666
    CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 7 6.04% $16,198
    HOMEAMERICAN MORTGAGE CORPORATION 7 5.36% $938
    Mr. Cooper ( Nationstar Mortgage ) 7 6.14% $17,480
    Waterstone Mortgage Corporation 6 6.46% $10,754
    First National Bank Texas 6 5.81% $6,154
    Equity Prime Mortgage LLC 6 6.96% $13,797
    Century Mortgage Company DBA Century Lending Company 6 6.27% $10,424
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.33% $16,874
    SOUTHERN LENDING SERVICES, LTD. 6 5.48% $4,083
    Republic State Mortgage Co. 5 6.05% $18,673
    BNC National Bank 5 5.33% $8,185
    UNIVERSITY Federal Credit Union 5 6.15% $7,261
    Magnolia Bank 5 6.15% $9,834
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.43% $12,286
    FIRST EQUITY MORTGAGE INCORPORATED 5 5.60% $12,499
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C 5 6.17% $16,217
    Strong Home Mortgage, LLC 4 5.47% $7,375
    SOUTHWEST STAGE FUNDING, LLC 4 6.50% $4,882
    Northpointe Bank 4 6.38% $8,150
    NexBank 4 6.34% $10,559
    SUMMIT FUNDING, INC. 4 6.63% $7,011
    HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.19% $28,508
    Barrington Bank & Trust Company, N.A. 4 6.58% $8,683
    PREMIA MORTGAGE, LLC 4 6.06% $6,459
    MID AMERICA MORTGAGE, INC. 4 6.28% $24,047
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 6.83% $1,888
    LEGEND LENDING CORPORATION 3 5.92% $17,218
    HOMESIDE FINANCIAL, LLC 3 6.21% $11,236
    VILLAGE CAPITAL MORTGAGE 3 6.08% $9,192
    First Bank 3 5.92% $14,668
    AXIA FINANCIAL, LLC 3 6.00% $11,717
    PLANET HOME LENDING, LLC 3 4.85% $5,203
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.38% $6,381
    CHURCHILL MORTGAGE CORPORATION 3 6.83% $12,493
    Prosperity Home Mortgage, LLC 3 5.67% $22,786
    NATIONS RELIABLE LENDING, LLC 3 6.71% $8,097
    Alcova Mortgage LLC 3 6.54% $11,825
    Sunflower Bank 3 5.91% $10,467
    Neighborhood Loans, Inc. 3 5.92% $7,332
    BancorpSouth 3 6.42% $9,678
    CANOPY MORTGAGE, LLC 3 6.46% $16,856
    SECURITYNATIONAL MORTGAGE COMPANY 3 5.98% $7,138
    OPEN MORTGAGE, LLC 2 6.69% $11,610
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.63% $34,564
    GROUP MORTGAGE, LLC 2 5.88% $12,880
    U.S. Bank 2 6.63% $19,524
    ENVOY MORTGAGE, LTD 2 7.00% $8,786
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.38% $11,773
    Encompass Lending Group, LP 2 7.06% $12,139
    American Mortgage & Equity Consultants, Inc. 2 6.38% $3,770
    AMERISAVE MORTGAGE CORPORATION 2 5.38% $23,510
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.63% $16,155
    JPMorgan Chase Bank 2 5.87% $16,827
    FIRST COMMUNITY MORTGAGE, INC. 2 6.25% $11,143
    CITYWIDE HOME LOANS, LLC 2 6.31% $15,522
    LAKEVIEW LOAN SERVICING, LLC 2 7.19% $7,107
    LEADERONE FINANCIAL CORPORATION 2 5.87% $40,538
    Armed Forces Bank 2 5.44% $12,812
    MEMBER FIRST MORTGAGE, LLC 2 6.38% $5,190
    MICHIGAN MUTUAL, INC. 2 5.19% $19,507
    Ameris Bank 2 6.00% $3,497
    MORTGAGE FINANCIAL SERVICES, LLC 2 6.75% $15,417
    The Loan Store, Inc. 2 6.13% $6,322
    The Federal Savings Bank 2 5.63% $26,742
    Bank of England 2 6.94% $17,534
    TBI MORTGAGE COMPANY 2 6.69% $10,230
    SUN WEST MORTGAGE COMPANY, INC. 2 7.13% $7,056
    Nations Lending Corporation 2 7.75% $8,650
    DAS Acquisition Company, LLC 2 6.04% $2,524
    BAY EQUITY LLC 2 5.25% $11,589
    WILLOW BEND MORTGAGE COMPANY, LLC 1 5.00% $10,292
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $7,292
    Assurance Financial Group, L.L.C. 1 6.50% $21,885
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $7,250
    CALIBER HOME LOANS, INC. 1 4.93% $10,254
    CASTLE & COOKE MORTGAGE, LLC 1 6.25% $12,208
    Chickasaw Community Bank 1 6.50% $5,488
    Citizens Bank 1 6.50% $32,255
    City Bank 1 6.63% $17,521
    Colonial Savings, F.A. 1 6.38% $7,255
    Credence Funding Corporation 1 6.38% $3,418
    DIRECTIONS EQUITY, LLC 1 6.75% $9,855
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.50% $6,716
    EMBRACE HOME LOANS, INC. 1 6.63% $11,325
    Extraco Banks 1 7.38% $5,568
    FIDELITY BANK 1 5.50% $5,111
    FirstBank 1 6.13% $4,717
    First Financial Bank 1 7.25% $8,228
    Florida Capital Bank 1 6.75% $13,465
    Gateway First Bank 1 5.50% $19,054
    GENEVA FINANCIAL, LLC 1 7.13% $4,333
    Golden Empire Mortgage, Inc. 1 6.63% $5,390
    Goldwater Bank, N.A. 1 6.75% $28,157
    GoPrime Mortgage, Inc. 1 6.50% $6,421
    HOMESPIRE MORTGAGE CORPORATION 1 6.00% $17,557
    HOMESTEAD FUNDING CORP. 1 6.50% $0
    HOMETRUST MORTGAGE COMPANY 1 5.75% $12,196
    INTELLILOAN, INC. 1 6.25% $6,492
    INTERCAP LENDING INC. 1 7.13% $784
    INTERCOASTAL MORTGAGE COMPANY 1 5.75% $10,060
    Ixonia Bank 1 7.75% $5,013
    JMAC LENDING, INC. 1 7.63% $6,025
    Keystone Funding, Inc. 1 5.99% $13,467
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $3,470
    MidFirst Bank 1 5.63% $17,433
    MORIA DEVELOPMENT, INC. 1 5.63% $28,202
    M&T Bank 1 5.75% $17,849
    NATIONS DIRECT MORTGAGE, LLC 1 5.25% $22,955
    NBH Bank 1 6.75% $7,701
    NFM, INC. 1 6.50% $21,144
    NJ LENDERS CORP. 1 5.25% $9,373
    Old National Bank 1 6.25% $8,751
    PNC Bank 1 6.13% $173
    Presidential Bank, FSB 1 5.63% $11,761
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $8,624
    Prosperity Bank 1 5.13% $22,382
    RB MORTGAGE LLC 1 5.50% $19,054
    Regions Bank 1 6.13% $23,159
    Renasant Bank 1 6.13% $25,570
    RESIDENTIAL HOME FUNDING CORP. 1 5.25% $11,201
    SeaTrust Mortgage Company 1 7.63% $6,897
    SIRVA MORTGAGE, INC. 1 7.25% $6,002
    Stride Bank 1 6.50% $7,748
    T2 FINANCIAL LLC 1 7.13% $7,107
    The Central Trust Bank 1 5.49% $12,134
    THE MORTGAGE LINK, INC. 1 6.99% $9,831
    TJC Mortgage, Inc. 1 6.63% $9,284
    TOWNE MORTGAGE COMPANY 1 7.25% $18,104
    Town Square Mortgage & Investments, Inc. 1 7.63% $17,730
    V.I.P. MORTGAGE, INC. 1 5.75% $3,662

    The top Austin VA lender as defined by loan originations is Mortgage Research Center, LLC, with 256 VA loans originated. Their average total fees are $9,278, which is $947 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Austin VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,683), INSPIRE HOME LOANS INC. ($5,524), EAGLE HOME MORTGAGE, LLC ($5,565), PRIORITY HOME MORTGAGE, L.P. ($6,603) and FC LENDING, LTD. ($7,104).

    The lowest rate Austin VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.22%), EAGLE HOME MORTGAGE, LLC (5.22%), INSPIRE HOME LOANS INC. (5.23%), VELOCIO MORTGAGE L.L.C. (5.42%) and NBKC BANK (5.49%).

    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.