Beaumont VA Loan Rates, Closing Costs & Stats

BEAUMONT-PORT ARTHUR, 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 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.

Beaumont's 82 lenders originated 436 VA loans during 2022. The total origination value was $113,480,000, with an average VA loan value of $260,275.

Beaumont VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Beaumont averaged 6.37% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Beaumont's average VA mortgage closing costs are $5,661.

The average rate for the prior week (2023-05-19) was 6.39% and one month ago for the week of 2023-04-21, the average rate was 6.11%.

The average rate one year ago was 5.28%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.54%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Beaumont level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 100 5.19% $6,904
UNITED WHOLESALE MORTGAGE, LLC 21 4.42% $5,018
USAA Federal Savings Bank 18 4.10% $6,588
NAVY FEDERAL CREDIT UNION 15 4.31% $4,670
Republic State Mortgage Co. 15 5.04% $10,210
Gateway First Bank 15 4.36% $9,620
PENNYMAC LOAN SERVICES, LLC 12 3.65% $6,639
GUILD MORTGAGE COMPANY 11 5.26% $9,834
AMCAP MORTGAGE, LTD. 10 4.80% $9,836
OPEN MORTGAGE, LLC 10 5.29% $9,185
MID AMERICA MORTGAGE, INC. 10 4.14% $4,385
GUARANTEED RATE, INC. 10 4.97% $7,105
DHI MORTGAGE COMPANY, LTD. 10 4.17% $7,618
QUICKEN LOANS, LLC 9 4.97% $10,291
LEGEND LENDING CORPORATION 9 5.79% $7,620
First Financial Bank 8 5.05% $12,712
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 4.14% $10,471
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 5.71% $9,606
LOANDEPOT.COM, LLC 4 4.75% $6,714
FBC MORTGAGE, LLC 4 4.91% $3,100
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.94% $10,530
Nations Lending Corporation 4 4.81% $6,468
CALIBER HOME LOANS, INC. 4 4.84% $9,568
CARDINAL FINANCIAL 4 4.75% $10,030
Citizens Bank 3 4.33% $4,708
Wells Fargo Bank 3 5.42% $3,823
EVERETT FINANCIAL, INC. 3 6.08% $6,940
SOUTHWEST FUNDING, LP 3 4.67% $12,972
NEW DAY FINANCIAL, LLC 3 3.79% $7,661
Equity Prime Mortgage LLC 2 4.88% $4,179
Flagstar Bank, FSB 2 5.38% $8,717
Lakeview Community Capital, LLC 2 2.75% $2,314
LEADERONE FINANCIAL CORPORATION 2 5.31% $4,565
LHM FINANCIAL CORPORATION 2 4.63% $8,367
Magnolia Bank 2 5.19% $4,314
Mid-Continent Funding, Inc. 2 5.63% $4,325
Mr. Cooper ( Nationstar Mortgage ) 2 2.81% $1,696
NATIONS DIRECT MORTGAGE, LLC 2 4.94% $5,437
Barrington Bank & Trust Company, N.A. 2 5.93% $10,777
Network Funding, L.P. 2 5.38% $10,899
Paramount Residential Mortgage Group, Inc. 2 5.75% $10,936
PENTAGON FEDERAL CREDIT UNION 2 4.31% $7,870
PREMIA MORTGAGE, LLC 2 3.06% $19,324
SWBC MORTGAGE CORPORATION 2 5.28% $6,367
WILLOW BEND MORTGAGE COMPANY, LLC 2 4.88% $5,440
DAS Acquisition Company, LLC 2 5.69% $7,370
THRIVE MORTGAGE, LLC 1 4.25% $4,538
Town Square Mortgage & Investments, Inc. 1 3.75% $9,020
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 4.63% $9,056
NATIONS RELIABLE LENDING, LLC 1 6.75% $12,741
Trinity Oaks Mortgage, LLC 1 4.25% $7,825
NBKC BANK 1 5.25% $16,624
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $13,790
FREEDOM MORTGAGE CORPORATION 1 5.63% $12,441
NP, Inc. 1 2.25% $7,120
OCMBC, INC. 1 7.13% $8,786
ASPIRE FINANCIAL, INC. 1 5.25% $4,279
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.13% $110
Armed Forces Bank 1 4.25% $3,751
VILLAGE CAPITAL MORTGAGE 1 2.75% $1,053
PLANET HOME LENDING, LLC 1 2.75% $2,017
PLAZA HOME MORTGAGE, INC. 1 3.38% $3,274
Waterstone Mortgage Corporation 1 5.63% $7,910
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.63% $6,543
First United Bank and Trust Company 1 4.75% $8,452
AMERISAVE MORTGAGE CORPORATION 1 5.25% $5,333
SFMC, LP 1 4.25% $24,617
CERTAINTY HOME LOANS, LLC 1 5.75% $11,094
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $3,487
JPMorgan Chase Bank 1 5.63% $1,701
Credence Funding Corporation 1 3.88% $1,575
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $1,715
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $13,833
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.25% $11,053
SUN WEST MORTGAGE COMPANY, INC. 1 5.00% $8,372
GMFS LLC 1 6.75% $6,694
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $9,544
GENEVA FINANCIAL, LLC 1 5.25% $16,159
The Federal Savings Bank 1 4.75% $14,053
MOBILOIL 1 6.00% $4,686
BNC National Bank 1 2.38% $5,332
Wolfe Financial, Inc 1 6.25% $9,846

The top Beaumont VA lender as defined by loan originations is Mortgage Research Center, LLC, with 100 VA loans originated. Their average total fees are $6,904, which is $1,886 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Beaumont VA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,385), NAVY FEDERAL CREDIT UNION ($4,670), UNITED WHOLESALE MORTGAGE, LLC ($5,018), USAA Federal Savings Bank ($6,588) and PENNYMAC LOAN SERVICES, LLC ($6,639).

The lowest rate Beaumont VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.65%), USAA Federal Savings Bank (4.10%), MID AMERICA MORTGAGE, INC. (4.14%), DHI MORTGAGE COMPANY, LTD. (4.17%) and NAVY FEDERAL CREDIT UNION (4.31%).


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 $159,575 (-3.2%) $213,688 (1.7%) 0.59 983
2018-02-01 $157,975 (-6.7%) $219,818 (4.5%) 0.57 999
2018-03-01 $155,450 (-9.6%) $212,592 (-0.3%) 0.55 980
2018-04-01 $158,950 (-11.4%) $219,713 (-0.4%) 0.54 1,016
2018-05-01 $165,000 (-8.1%) $226,631 (1.8%) 0.55 1,063
2018-06-01 $172,500 (-3.6%) $229,262 (3.0%) 0.58 1,135
2018-07-01 $175,500 (0.3%) $230,659 (7.5%) 0.59 1,219
2018-08-01 $178,225 (1.9%) $230,175 (6.7%) 0.60 1,266
2018-09-01 $178,950 (5.3%) $226,911 (4.1%) 0.60 1,260
2018-10-01 $179,900 (7.5%) $225,210 (4.3%) 0.61 1,272
2018-11-01 $177,450 (10.9%) $223,695 (5.0%) 0.60 1,256
2018-12-01 $175,000 (9.6%) $226,253 (6.0%) 0.60 1,228
2019-01-01 $174,950 (9.6%) $228,919 (7.1%) 0.60 1,206
2019-02-01 $177,575 (12.4%) $229,363 (4.3%) 0.60 1,239
2019-03-01 $180,000 (15.8%) $231,996 (9.1%) 0.60 1,289
2019-04-01 $189,000 (18.9%) $232,782 (6.0%) 0.60 1,333
2019-05-01 $189,925 (15.1%) $234,160 (3.3%) 0.59 1,319
2019-06-01 $190,000 (10.1%) $234,398 (2.2%) 0.59 1,356
2019-07-01 $191,125 (8.9%) $231,792 (0.5%) 0.60 1,415
2019-08-01 $194,900 (9.4%) $232,153 (0.9%) 0.61 1,497
2019-09-01 $198,950 (11.2%) $236,984 (4.4%) 0.63 1,331
2019-10-01 $192,950 (7.3%) $231,294 (2.7%) 0.62 1,415
2019-11-01 $189,900 (7.0%) $228,733 (2.3%) 0.62 1,374
2019-12-01 $184,900 (5.7%) $228,476 (1.0%) 0.62 1,324
2020-01-01 $186,700 (6.7%) $231,137 (1.0%) 0.62 1,242
2020-02-01 $185,450 (4.4%) $231,234 (0.8%) 0.61 1,240
2020-03-01 $189,450 (5.3%) $235,791 (1.6%) 0.59 1,227
2020-04-01 $194,900 (3.1%) $237,796 (2.2%) 0.61 1,197
2020-05-01 $199,000 (4.8%) $243,387 (3.9%) 0.60 1,218
2020-06-01 $202,950 (6.8%) $246,204 (5.0%) 0.60 1,326
2020-07-01 $206,950 (8.3%) $247,738 (6.9%) 0.60 1,308
2020-08-01 $209,900 (7.7%) $250,778 (8.0%) 0.60 1,256
2020-09-01 $214,250 (7.7%) $250,463 (5.7%) 0.61 1,155
2020-10-01 $211,000 (9.4%) $249,754 (8.0%) 0.60 1,157
2020-11-01 $207,400 (9.2%) $248,045 (8.4%) 0.61 1,159
2020-12-01 $201,125 (8.8%) $249,829 (9.4%) 0.60 1,069
2021-01-01 $205,000 (9.8%) $251,129 (8.7%) 0.61 1,033
2021-02-01 $208,742 (12.6%) $250,241 (8.2%) 0.61 1,055
2021-03-01 $212,500 (12.2%) $255,782 (8.5%) 0.60 1,069
2021-04-01 $220,500 (13.1%) $261,107 (9.8%) 0.60 1,020
2021-05-01 $211,000 (6.0%) $256,428 (5.4%) 0.56 974
2021-06-01 $213,475 (5.2%) $257,309 (4.5%) 0.56 992
2021-07-01 $210,000 (1.5%) $255,795 (3.3%) 0.55 1,063
2021-08-01 $205,312 (-2.2%) $252,079 (0.5%) 0.55 1,130
2021-09-01 $210,000 (-2.0%) $259,670 (3.7%) 0.56 1,118
2021-10-01 $210,000 (-0.5%) $260,463 (4.3%) 0.56 1,125
2021-11-01 $214,900 (3.6%) $264,144 (6.5%) 0.57 1,112
2021-12-01 $210,000 (4.4%) $262,687 (5.2%) 0.57 1,054
2022-01-01 $215,000 (4.9%) $273,848 (9.1%) 0.58 1,014
2022-02-01 $219,973 (5.4%) $277,279 (10.8%) 0.57 1,001
2022-03-01 $228,450 (7.5%) $280,619 (9.7%) 0.57 1,006
2022-04-01 $239,000 (8.4%) $287,383 (10.1%) 0.57 1,001
2022-05-01 $237,450 (12.5%) $296,583 (15.7%) 0.54 1,044
2022-06-01 $238,350 (11.7%) $301,877 (17.3%) 0.53 1,122
2022-07-01 $230,000 (9.5%) $291,456 (13.9%) 0.52 1,291
2022-08-01 $219,900 (7.1%) $283,953 (12.6%) 0.51 1,350
2022-09-01 $219,300 (4.4%) $279,690 (7.7%) 0.51 1,401
2022-10-01 $225,000 (7.1%) $284,161 (9.1%) 0.53 1,436
2022-11-01 $228,900 (6.5%) $282,458 (6.9%) 0.55 1,475
2022-12-01 $229,925 (9.5%) $278,149 (5.9%) 0.57 1,359
2023-01-01 $234,700 (9.2%) $280,237 (2.3%) 0.58 1,332
2023-02-01 $232,000 (5.5%) $296,442 (6.9%) 0.56 1,365
2023-03-01 $239,450 (4.8%) $281,046 (0.2%) 0.56 1,385
2023-04-01 $245,000 (2.5%) $282,550 (-1.7%) 0.57 1,300
Beaumont's median listing price for 2023-04-01 was $245,000, a difference of $6,000 (2.5%) versus the prior year and $5,550 versus the prior month.

Beaumont's median listing price comes in at 57% of the national average.

Beaumont's average listing price for 2023-04-01 was $282,550, a difference of $-4,833 (-1.7%) versus the prior year and $1,504 versus the prior month.

For the 2023-04-01 period, Beaumont had 1,300 MLS listings, a difference of -85 listings (-6%) versus the prior month and 299 listings (30%) 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 66 days 2,047 sqft
2018-02-01 62 days 2,042 sqft
2018-03-01 55 days 2,023 sqft
2018-04-01 49 days 2,001 sqft
2018-05-01 47 days 1,994 sqft
2018-06-01 50 days 1,982 sqft
2018-07-01 53 days 1,983 sqft
2018-08-01 53 days 1,959 sqft
2018-09-01 57 days 1,959 sqft
2018-10-01 61 days 1,975 sqft
2018-11-01 65 days 1,956 sqft
2018-12-01 71 days 1,945 sqft
2019-01-01 73 days 1,952 sqft
2019-02-01 65 days 1,959 sqft
2019-03-01 56 days 1,976 sqft
2019-04-01 49 days 2,006 sqft
2019-05-01 56 days 2,008 sqft
2019-06-01 59 days 1,996 sqft
2019-07-01 55 days 1,995 sqft
2019-08-01 64 days 2,000 sqft
2019-09-01 66 days 2,018 sqft
2019-10-01 65 days 1,972 sqft
2019-11-01 67 days 1,963 sqft
2019-12-01 75 days 1,953 sqft
2020-01-01 82 days 1,956 sqft
2020-02-01 74 days 1,947 sqft
2020-03-01 59 days 1,960 sqft
2020-04-01 63 days 1,986 sqft
2020-05-01 71 days 1,986 sqft
2020-06-01 55 days 1,984 sqft
2020-07-01 51 days 1,981 sqft
2020-08-01 61 days 2,008 sqft
2020-09-01 74 days 2,006 sqft
2020-10-01 72 days 2,002 sqft
2020-11-01 61 days 1,967 sqft
2020-12-01 63 days 1,948 sqft
2021-01-01 65 days 1,951 sqft
2021-02-01 59 days 1,950 sqft
2021-03-01 55 days 1,965 sqft
2021-04-01 51 days 1,971 sqft
2021-05-01 51 days 1,916 sqft
2021-06-01 46 days 1,914 sqft
2021-07-01 43 days 1,872 sqft
2021-08-01 46 days 1,863 sqft
2021-09-01 52 days 1,903 sqft
2021-10-01 54 days 1,897 sqft
2021-11-01 54 days 1,899 sqft
2021-12-01 62 days 1,874 sqft
2022-01-01 63 days 1,880 sqft
2022-02-01 48 days 1,882 sqft
2022-03-01 43 days 1,883 sqft
2022-04-01 42 days 1,895 sqft
2022-05-01 40 days 1,882 sqft
2022-06-01 40 days 1,887 sqft
2022-07-01 44 days 1,875 sqft
2022-08-01 47 days 1,854 sqft
2022-09-01 58 days 1,840 sqft
2022-10-01 60 days 1,857 sqft
2022-11-01 60 days 1,897 sqft
2022-12-01 71 days 1,904 sqft
2023-01-01 80 days 1,929 sqft
2023-02-01 80 days 1,901 sqft
2023-03-01 64 days 1,913 sqft
2023-04-01 61 days 1,919 sqft
Beaumont's median listing age (time on market) for 2023-04-01 was 61 days. This is 45% longer than the same period one year ago.

Beaumont's median square footage for active listings during the 2023-04-01 period was 1,919 sqft. One year prior, the average listing was 1,895 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.