Austin VA Loans
AUSTIN-ROUND ROCK-GEORGETOWN, 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 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 234 lenders originated 7,003 VA loans during 2021. The total origination value was $2,404,515,000, with an average VA loan value of $343,355.
Austin VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Austin
averaged
5.46%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.69% and
one month ago for the week of 2022-04-08, the
average rate was 4.82%.
The average rate one year ago was 3.13%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.25%.
Austin VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Austin level.
The top Austin VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
686 VA loans originated. Their average total fees are
$3,206, which is $2,997
lower than the next largest lender,
PENNYMAC LOAN SERVICES, LLC.
The lowest fee Austin VA lenders (with over 10 loans originated) are
AmeriHome Mortgage Company, LLC ($2,540), Lakeview Community Capital, LLC ($2,903), PENTAGON FEDERAL CREDIT UNION ($3,026), FREEDOM MORTGAGE CORPORATION ($3,206) and LAKEVIEW LOAN SERVICING, LLC ($3,267).
The lowest rate Austin VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.16%), First Mortgage Solutions, LLC (2.24%), BNC National Bank (2.27%), PENNYMAC LOAN SERVICES, LLC (2.27%) and InterContinental Capital Group, Inc (2.30%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Austin (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 | $359,091 (-7.7%) | $560,270 (-5.5%) | 1.32 | 6,221 |
| 2018-02-01 | $364,273 (-7.6%) | $567,083 (-5.4%) | 1.31 | 6,224 |
| 2018-03-01 | $369,933 (-5.8%) | $577,756 (-3.6%) | 1.28 | 6,723 |
| 2018-04-01 | $375,000 (-6.0%) | $590,522 (-2.6%) | 1.26 | 7,345 |
| 2018-05-01 | $375,000 (-6.0%) | $584,956 (-2.0%) | 1.25 | 7,877 |
| 2018-06-01 | $375,000 (-4.5%) | $576,839 (-2.2%) | 1.25 | 8,412 |
| 2018-07-01 | $369,679 (-4.0%) | $558,113 (-3.5%) | 1.23 | 8,780 |
| 2018-08-01 | $362,662 (-3.3%) | $542,099 (-3.0%) | 1.21 | 8,926 |
| 2018-09-01 | $359,900 (-2.7%) | $541,896 (-3.3%) | 1.20 | 8,959 |
| 2018-10-01 | $349,945 (-4.1%) | $532,576 (-4.5%) | 1.17 | 8,965 |
| 2018-11-01 | $349,900 (-4.1%) | $527,648 (-4.9%) | 1.17 | 8,477 |
| 2018-12-01 | $348,155 (-3.7%) | $513,532 (-7.7%) | 1.19 | 7,601 |
| 2019-01-01 | $346,500 (-3.5%) | $513,494 (-8.4%) | 1.19 | 6,897 |
| 2019-02-01 | $349,750 (-4.0%) | $521,095 (-8.1%) | 1.17 | 6,846 |
| 2019-03-01 | $358,567 (-3.1%) | $539,224 (-6.7%) | 1.17 | 7,075 |
| 2019-04-01 | $369,945 (-1.4%) | $556,975 (-5.7%) | 1.16 | 7,437 |
| 2019-05-01 | $370,620 (-1.2%) | $568,952 (-2.7%) | 1.14 | 7,728 |
| 2019-06-01 | $369,000 (-1.6%) | $564,738 (-2.1%) | 1.14 | 8,203 |
| 2019-07-01 | $364,370 (-1.4%) | $558,382 (0.1%) | 1.13 | 8,483 |
| 2019-08-01 | $360,009 (-0.7%) | $553,337 (2.1%) | 1.13 | 8,363 |
| 2019-09-01 | $354,495 (-1.5%) | $545,191 (0.6%) | 1.13 | 8,071 |
| 2019-10-01 | $355,745 (1.7%) | $553,295 (3.9%) | 1.13 | 7,870 |
| 2019-11-01 | $354,990 (1.5%) | $558,622 (5.9%) | 1.15 | 7,334 |
| 2019-12-01 | $349,950 (0.5%) | $552,648 (7.6%) | 1.17 | 6,489 |
| 2020-01-01 | $349,950 (1.0%) | $558,478 (8.8%) | 1.17 | 5,856 |
| 2020-02-01 | $359,900 (2.9%) | $587,977 (12.8%) | 1.16 | 5,453 |
| 2020-03-01 | $372,500 (3.9%) | $607,212 (12.6%) | 1.16 | 5,719 |
| 2020-04-01 | $369,250 (-0.2%) | $569,837 (2.3%) | 1.15 | 6,483 |
| 2020-05-01 | $379,000 (2.3%) | $601,261 (5.7%) | 1.15 | 6,710 |
| 2020-06-01 | $395,000 (7.1%) | $651,263 (15.3%) | 1.15 | 5,971 |
| 2020-07-01 | $395,000 (8.4%) | $648,954 (16.2%) | 1.13 | 5,608 |
| 2020-08-01 | $400,446 (11.2%) | $659,728 (19.2%) | 1.14 | 5,122 |
| 2020-09-01 | $417,495 (17.8%) | $681,843 (25.1%) | 1.19 | 4,381 |
| 2020-10-01 | $415,000 (16.7%) | $679,962 (22.9%) | 1.19 | 4,119 |
| 2020-11-01 | $417,350 (17.6%) | $680,980 (21.9%) | 1.20 | 3,537 |
| 2020-12-01 | $422,000 (20.6%) | $689,209 (24.7%) | 1.24 | 2,869 |
| 2021-01-01 | $425,000 (21.5%) | $717,682 (28.5%) | 1.25 | 1,911 |
| 2021-02-01 | $437,500 (21.6%) | $750,325 (27.6%) | 1.26 | 1,440 |
| 2021-03-01 | $461,450 (23.9%) | $724,055 (19.2%) | 1.29 | 1,593 |
| 2021-04-01 | $489,950 (32.7%) | $745,884 (30.9%) | 1.32 | 1,771 |
| 2021-05-01 | $499,000 (31.7%) | $751,429 (25.0%) | 1.31 | 2,030 |
| 2021-06-01 | $522,500 (32.3%) | $771,075 (18.4%) | 1.36 | 2,415 |
| 2021-07-01 | $537,450 (36.1%) | $765,996 (18.0%) | 1.40 | 3,063 |
| 2021-08-01 | $542,500 (35.5%) | $749,475 (13.6%) | 1.43 | 3,670 |
| 2021-09-01 | $542,500 (29.9%) | $749,748 (10.0%) | 1.43 | 3,926 |
| 2021-10-01 | $549,900 (32.5%) | $763,037 (12.2%) | 1.45 | 3,788 |
| 2021-11-01 | $549,700 (31.7%) | $777,615 (14.2%) | 1.45 | 3,292 |
| 2021-12-01 | $543,573 (28.8%) | $777,516 (12.8%) | 1.45 | 2,571 |
| 2022-01-01 | $545,000 (28.2%) | $812,718 (13.2%) | 1.45 | 1,847 |
| 2022-02-01 | $575,000 (31.4%) | $877,634 (17.0%) | 1.47 | 1,461 |
| 2022-03-01 | $600,000 (30.0%) | $921,803 (27.3%) | 1.48 | 1,639 |
| 2022-04-01 | $625,000 (27.6%) | $944,648 (26.7%) | 1.47 | 2,082 |
Austin's median listing price comes in at 147% of the national average.
Austin's average listing price for 2022-04-01 was $944,648, a difference of $198,764 (26.7%) versus the prior year and $22,845 versus the prior month.
For the 2022-04-01 period, Austin had 2,082 MLS listings, a difference of 443 listings (27%) versus the prior month and 311 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 75 days | 2,255 sqft |
| 2018-02-01 | 63 days | 2,276 sqft |
| 2018-03-01 | 45 days | 2,301 sqft |
| 2018-04-01 | 43 days | 2,329 sqft |
| 2018-05-01 | 44 days | 2,318 sqft |
| 2018-06-01 | 46 days | 2,315 sqft |
| 2018-07-01 | 50 days | 2,286 sqft |
| 2018-08-01 | 51 days | 2,244 sqft |
| 2018-09-01 | 57 days | 2,224 sqft |
| 2018-10-01 | 61 days | 2,182 sqft |
| 2018-11-01 | 64 days | 2,177 sqft |
| 2018-12-01 | 71 days | 2,172 sqft |
| 2019-01-01 | 79 days | 2,155 sqft |
| 2019-02-01 | 65 days | 2,166 sqft |
| 2019-03-01 | 51 days | 2,204 sqft |
| 2019-04-01 | 47 days | 2,229 sqft |
| 2019-05-01 | 46 days | 2,229 sqft |
| 2019-06-01 | 47 days | 2,223 sqft |
| 2019-07-01 | 50 days | 2,208 sqft |
| 2019-08-01 | 53 days | 2,178 sqft |
| 2019-09-01 | 58 days | 2,150 sqft |
| 2019-10-01 | 59 days | 2,160 sqft |
| 2019-11-01 | 61 days | 2,157 sqft |
| 2019-12-01 | 66 days | 2,148 sqft |
| 2020-01-01 | 71 days | 2,150 sqft |
| 2020-02-01 | 60 days | 2,150 sqft |
| 2020-03-01 | 44 days | 2,163 sqft |
| 2020-04-01 | 42 days | 2,137 sqft |
| 2020-05-01 | 51 days | 2,151 sqft |
| 2020-06-01 | 49 days | 2,162 sqft |
| 2020-07-01 | 44 days | 2,122 sqft |
| 2020-08-01 | 42 days | 2,098 sqft |
| 2020-09-01 | 45 days | 2,064 sqft |
| 2020-10-01 | 46 days | 2,020 sqft |
| 2020-11-01 | 49 days | 1,973 sqft |
| 2020-12-01 | 56 days | 1,953 sqft |
| 2021-01-01 | 58 days | 1,949 sqft |
| 2021-02-01 | 42 days | 1,945 sqft |
| 2021-03-01 | 34 days | 2,036 sqft |
| 2021-04-01 | 27 days | 2,054 sqft |
| 2021-05-01 | 26 days | 2,080 sqft |
| 2021-06-01 | 16 days | 2,060 sqft |
| 2021-07-01 | 19 days | 2,085 sqft |
| 2021-08-01 | 23 days | 2,101 sqft |
| 2021-09-01 | 28 days | 2,099 sqft |
| 2021-10-01 | 32 days | 2,096 sqft |
| 2021-11-01 | 37 days | 2,114 sqft |
| 2021-12-01 | 42 days | 2,100 sqft |
| 2022-01-01 | 46 days | 2,077 sqft |
| 2022-02-01 | 26 days | 2,071 sqft |
| 2022-03-01 | 17 days | 2,076 sqft |
| 2022-04-01 | 15 days | 2,117 sqft |
Austin's median square footage for active listings during the 2022-04-01 period was 2,117 sqft. One year prior, the average listing was 2,054 sqft.
