Beaumont VA Loan Rates, Closing Costs & Stats

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 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.