Beaumont VA Loans

BEAUMONT-PORT ARTHUR, 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 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.

    Beaumont's 100 lenders originated 701 VA loans during 2021. The total origination value was $163,935,000, with an average VA loan value of $233,859.

    Beaumont VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Beaumont averaged 5.83% 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 5.86% and one month ago for the week of 2022-04-08, the average rate was 5.38%.

    The average rate one year ago was 3.1%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.37%.

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

    Beaumont 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 Beaumont level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 110 2.92% $5,319
    FREEDOM MORTGAGE CORPORATION 45 2.50% $3,379
    MID AMERICA MORTGAGE, INC. 35 3.18% $4,079
    USAA Federal Savings Bank 30 2.91% $4,912
    QUICKEN LOANS, LLC 29 2.46% $4,167
    PENNYMAC LOAN SERVICES, LLC 24 2.47% $4,314
    Gateway First Bank 20 2.99% $7,306
    Republic State Mortgage Co. 17 3.01% $5,487
    GUILD MORTGAGE COMPANY 16 2.89% $7,671
    OPEN MORTGAGE, LLC 16 3.13% $6,425
    Mr. Cooper ( Nationstar Mortgage ) 15 2.93% $2,604
    UNITED WHOLESALE MORTGAGE, LLC 13 2.68% $4,305
    GUARANTEED RATE, INC. 13 2.99% $5,148
    NAVY FEDERAL CREDIT UNION 13 2.47% $6,067
    CALIBER HOME LOANS, INC. 11 2.88% $4,860
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 3.15% $4,845
    LAKEVIEW LOAN SERVICING, LLC 10 2.68% $2,427
    VILLAGE CAPITAL & INVESTMENT LLC 10 2.57% $3,321
    CLEARPATH LENDING 10 2.45% $4,195
    AMCAP MORTGAGE, LTD. 8 2.98% $10,952
    NP, Inc. 7 2.34% $4,716
    Magnolia Bank 6 2.63% $6,808
    NEW DAY FINANCIAL, LLC 6 2.60% $2,326
    HOME POINT FINANCIAL CORPORATION 5 3.07% $6,038
    Wells Fargo Bank 5 2.70% $3,429
    LHM FINANCIAL CORPORATION 4 2.53% $4,748
    MOVEMENT MORTGAGE, LLC 4 3.00% $8,787
    Carrington Mortgage Services, LLC 4 2.94% $5,560
    Barrington Bank & Trust Company, N.A. 4 2.48% $3,552
    AMERICAN FINANCIAL NETWORK, INC. 4 2.31% $6,367
    Lakeview Community Capital, LLC 4 2.41% $3,115
    Low VA Rates, LLC 4 2.25% $2,544
    LOANDEPOT.COM, LLC 4 2.75% $7,184
    Flagstar Bank, FSB 3 2.46% $9,292
    AMERISAVE MORTGAGE CORPORATION 3 2.79% $6,549
    BROKER SOLUTIONS, INC. 3 3.37% $5,878
    ACCELERATE MORTGAGE, LLC 3 2.08% $5,708
    SOUTHWEST FUNDING, LP 3 3.50% $10,159
    SUN WEST MORTGAGE COMPANY, INC. 3 2.66% $4,041
    SWBC MORTGAGE CORPORATION 3 2.29% $8,178
    THRIVE MORTGAGE, LLC 3 2.77% $5,832
    First Financial Bank 3 3.00% $5,291
    Citizens Bank 3 2.92% $6,530
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.33% $1,487
    Equity Prime Mortgage LLC 2 3.75% $4,964
    ACADEMY MORTGAGE CORPORATION 2 3.25% $3,652
    FBC MORTGAGE, LLC 2 3.06% $9,623
    LEADERONE FINANCIAL CORPORATION 2 3.25% $5,460
    Nations Lending Corporation 2 3.25% $10,177
    NBKC BANK 2 2.75% $7,402
    Paramount Bank 2 2.31% $3,052
    PENTAGON FEDERAL CREDIT UNION 2 2.25% $1,089
    PLANET HOME LENDING, LLC 2 2.50% $2,551
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.50% $3,020
    The Federal Savings Bank 2 2.50% $3,910
    West Town Bank & Trust 2 2.81% $10,437
    MORTGAGE FINANCIAL SERVICES, LLC 1 3.88% $7,906
    GMFS LLC 1 2.75% $3,322
    First Home Bank 1 2.88% $8,803
    First Guaranty Mortgage Corporation 1 2.25% $3,558
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $9,488
    CERTAINTY HOME LOANS, LLC 1 3.88% $5,859
    NATIONS RELIABLE LENDING, LLC 1 3.75% $7,302
    First Federal Bank 1 2.75% $4,788
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.25% $3,495
    NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $3,930
    Network Funding, L.P. 1 3.75% $10,516
    FINANCE OF AMERICA MORTGAGE LLC 1 3.00% $4,573
    North American Savings Bank, F.S.B. 1 2.50% $3,389
    EVERETT FINANCIAL, INC. 1 3.63% $7,118
    DIRECTIONS EQUITY, LLC 1 2.25% $2,940
    ANGEL OAK HOME LOANS LLC 1 3.25% $4,824
    Paramount Residential Mortgage Group, Inc. 1 3.13% $3,343
    DHI MORTGAGE COMPANY, LTD. 1 2.63% $4,131
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.63% $2,559
    ZILLOW HOME LOANS, LLC 1 2.38% $4,211
    PLAZA HOME MORTGAGE, INC. 1 2.63% $3,869
    WILLOW BEND MORTGAGE COMPANY, LLC 1 3.25% $5,554
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.25% $8,884
    Prosperity Home Mortgage, LLC 1 2.63% $6,439
    CRESTMARK MORTGAGE COMPANY, LTD. 1 2.38% $18,732
    Regions Bank 1 2.25% $11,130
    CRESCENT MORTGAGE COMPANY 1 4.00% $955
    SFMC, LP 1 2.75% $13,423
    CONTOUR MORTGAGE CORPORATION 1 2.88% $5,867
    SOUTHWEST STAGE FUNDING, LLC 1 4.38% $497
    Commerce Home Mortgage, Inc. 1 2.25% $5,039
    CLM MORTGAGE, INC 1 3.75% $7,916
    Texas Bank Financial 1 3.38% $9,051
    Wolfe Financial, Inc 1 2.88% $10,091
    City Bank 1 3.00% $2,652
    J. VIRGIL, INC. 1 3.50% $10,968
    UNION HOME MORTGAGE CORP. 1 3.38% $11,439
    LENDING 3, INC. 1 2.75% $5,723
    HOMETRUST MORTGAGE COMPANY 1 2.38% $4,521
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.63% $17,637
    HANCOCK MORTGAGE PARTNERS, LLC 1 3.00% $5,386
    GSF Mortgage Corporation 1 4.25% $3,900
    Great Plains National Bank 1 2.38% $3,848
    Mid-Continent Funding, Inc. 1 2.88% $2,949

    The top Beaumont VA lender as defined by loan originations is Mortgage Research Center, LLC, with 110 VA loans originated. Their average total fees are $5,319, which is $1,940 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Beaumont VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,427), Mr. Cooper ( Nationstar Mortgage ) ($2,604), VILLAGE CAPITAL & INVESTMENT LLC ($3,321), FREEDOM MORTGAGE CORPORATION ($3,379) and MID AMERICA MORTGAGE, INC. ($4,079).

    The lowest rate Beaumont VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.45%), QUICKEN LOANS, LLC (2.46%), PENNYMAC LOAN SERVICES, LLC (2.47%), NAVY FEDERAL CREDIT UNION (2.47%) and FREEDOM MORTGAGE CORPORATION (2.50%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Beaumont (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 $173,900 (5.4%) $235,535 (8.4%) 0.64 1,214
    2018-02-01 $174,950 (0.1%) $247,679 (13.1%) 0.63 1,223
    2018-03-01 $170,000 (-2.8%) $238,479 (8.1%) 0.59 1,194
    2018-04-01 $172,950 (-3.9%) $242,895 (6.7%) 0.58 1,222
    2018-05-01 $175,000 (-5.4%) $246,082 (7.0%) 0.58 1,281
    2018-06-01 $177,900 (-1.1%) $244,404 (7.0%) 0.59 1,388
    2018-07-01 $183,194 (4.7%) $243,193 (9.9%) 0.61 1,473
    2018-08-01 $183,025 (2.0%) $240,643 (5.7%) 0.61 1,554
    2018-09-01 $181,888 (3.9%) $236,744 (2.3%) 0.61 1,565
    2018-10-01 $185,000 (8.2%) $235,973 (2.5%) 0.62 1,574
    2018-11-01 $184,950 (10.3%) $237,208 (2.7%) 0.62 1,556
    2018-12-01 $179,900 (5.8%) $235,634 (0.1%) 0.62 1,558
    2019-01-01 $179,950 (3.5%) $235,293 (-0.1%) 0.62 1,539
    2019-02-01 $184,500 (5.5%) $234,748 (-5.2%) 0.62 1,601
    2019-03-01 $189,429 (11.4%) $233,982 (-1.9%) 0.62 1,629
    2019-04-01 $189,950 (9.8%) $237,660 (-2.2%) 0.60 1,637
    2019-05-01 $196,750 (12.4%) $246,147 (0.0%) 0.61 1,611
    2019-06-01 $199,000 (11.9%) $250,006 (2.3%) 0.61 1,669
    2019-07-01 $199,000 (8.6%) $246,928 (1.5%) 0.62 1,756
    2019-08-01 $194,957 (6.5%) $239,735 (-0.4%) 0.61 1,778
    2019-09-01 $194,957 (7.2%) $240,705 (1.7%) 0.62 1,729
    2019-10-01 $199,000 (7.6%) $240,639 (2.0%) 0.63 1,772
    2019-11-01 $189,999 (2.7%) $234,466 (-1.2%) 0.61 1,762
    2019-12-01 $189,000 (5.1%) $233,184 (-1.0%) 0.63 1,697
    2020-01-01 $189,900 (5.5%) $237,391 (0.9%) 0.63 1,598
    2020-02-01 $190,000 (3.0%) $239,466 (2.0%) 0.61 1,574
    2020-03-01 $196,250 (3.6%) $243,570 (4.1%) 0.61 1,530
    2020-04-01 $199,900 (5.2%) $241,947 (1.8%) 0.62 1,505
    2020-05-01 $199,900 (1.6%) $247,784 (0.7%) 0.61 1,508
    2020-06-01 $209,450 (5.3%) $251,683 (0.7%) 0.61 1,631
    2020-07-01 $210,900 (6.0%) $255,050 (3.3%) 0.60 1,615
    2020-08-01 $215,000 (10.3%) $259,748 (8.4%) 0.61 1,562
    2020-09-01 $219,700 (12.7%) $261,398 (8.6%) 0.63 1,441
    2020-10-01 $219,000 (10.1%) $259,244 (7.7%) 0.63 1,440
    2020-11-01 $213,500 (12.4%) $254,114 (8.4%) 0.61 1,469
    2020-12-01 $209,950 (11.1%) $253,722 (8.8%) 0.62 1,361
    2021-01-01 $210,000 (10.6%) $255,342 (7.6%) 0.62 1,330
    2021-02-01 $216,450 (13.9%) $258,592 (8.0%) 0.62 1,345
    2021-03-01 $218,750 (11.5%) $263,818 (8.3%) 0.61 1,367
    2021-04-01 $229,450 (14.8%) $269,322 (11.3%) 0.62 1,295
    2021-05-01 $219,500 (9.8%) $259,648 (4.8%) 0.58 1,214
    2021-06-01 $215,000 (2.7%) $260,927 (3.7%) 0.56 1,229
    2021-07-01 $213,858 (1.4%) $260,211 (2.0%) 0.56 1,323
    2021-08-01 $209,450 (-2.6%) $257,788 (-0.8%) 0.55 1,446
    2021-09-01 $215,000 (-2.1%) $265,507 (1.6%) 0.57 1,442
    2021-10-01 $214,900 (-1.9%) $268,221 (3.5%) 0.57 1,430
    2021-11-01 $215,000 (0.7%) $273,255 (7.5%) 0.57 1,401
    2021-12-01 $215,000 (2.4%) $271,952 (7.2%) 0.57 1,348
    2022-01-01 $222,500 (6.0%) $278,822 (9.2%) 0.59 1,257
    2022-02-01 $222,900 (3.0%) $281,075 (8.7%) 0.57 1,240
    2022-03-01 $229,900 (5.1%) $282,680 (7.2%) 0.57 1,238
    2022-04-01 $239,900 (4.6%) $291,029 (8.1%) 0.56 1,249
    Beaumont's median listing price for 2022-04-01 was $239,900, a difference of $10,450 (4.6%) versus the prior year and $10,000 versus the prior month.

    Beaumont's median listing price comes in at 56% of the national average.

    Beaumont's average listing price for 2022-04-01 was $291,029, a difference of $21,707 (8.1%) versus the prior year and $8,349 versus the prior month.

    For the 2022-04-01 period, Beaumont had 1,249 MLS listings, a difference of 11 listings (1%) versus the prior month and -46 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Beaumont (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 63 days 2,100 sqft
    2018-02-01 60 days 2,095 sqft
    2018-03-01 52 days 2,084 sqft
    2018-04-01 48 days 2,071 sqft
    2018-05-01 45 days 2,032 sqft
    2018-06-01 47 days 2,022 sqft
    2018-07-01 50 days 2,021 sqft
    2018-08-01 51 days 2,002 sqft
    2018-09-01 53 days 2,005 sqft
    2018-10-01 59 days 2,015 sqft
    2018-11-01 64 days 2,005 sqft
    2018-12-01 67 days 2,000 sqft
    2019-01-01 62 days 1,996 sqft
    2019-02-01 55 days 2,000 sqft
    2019-03-01 52 days 2,010 sqft
    2019-04-01 48 days 2,024 sqft
    2019-05-01 55 days 2,040 sqft
    2019-06-01 58 days 2,027 sqft
    2019-07-01 52 days 2,019 sqft
    2019-08-01 56 days 1,993 sqft
    2019-09-01 54 days 1,998 sqft
    2019-10-01 60 days 1,999 sqft
    2019-11-01 62 days 1,978 sqft
    2019-12-01 70 days 1,958 sqft
    2020-01-01 77 days 1,961 sqft
    2020-02-01 69 days 1,957 sqft
    2020-03-01 53 days 1,974 sqft
    2020-04-01 60 days 1,981 sqft
    2020-05-01 66 days 1,988 sqft
    2020-06-01 50 days 1,994 sqft
    2020-07-01 47 days 1,993 sqft
    2020-08-01 57 days 2,045 sqft
    2020-09-01 70 days 2,040 sqft
    2020-10-01 65 days 2,029 sqft
    2020-11-01 55 days 1,984 sqft
    2020-12-01 58 days 1,963 sqft
    2021-01-01 63 days 1,974 sqft
    2021-02-01 58 days 1,987 sqft
    2021-03-01 52 days 1,977 sqft
    2021-04-01 48 days 1,997 sqft
    2021-05-01 50 days 1,944 sqft
    2021-06-01 46 days 1,919 sqft
    2021-07-01 39 days 1,887 sqft
    2021-08-01 40 days 1,872 sqft
    2021-09-01 48 days 1,921 sqft
    2021-10-01 52 days 1,902 sqft
    2021-11-01 53 days 1,918 sqft
    2021-12-01 60 days 1,906 sqft
    2022-01-01 60 days 1,899 sqft
    2022-02-01 45 days 1,884 sqft
    2022-03-01 42 days 1,880 sqft
    2022-04-01 41 days 1,941 sqft
    Beaumont's median listing age (time on market) for 2022-04-01 was 41 days. This is -14% shorter than the same period one year ago.

    Beaumont's median square footage for active listings during the 2022-04-01 period was 1,941 sqft. One year prior, the average listing was 1,997 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.