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 70 lenders originated 308 VA loans during 2023. The total origination value was $85,500,000, with an average VA loan value of $277,597.

Beaumont VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Beaumont averaged 6.62% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Beaumont's average VA mortgage closing costs are $5,908.

The average rate for the prior week (2024-04-05) was 6.66% and one month ago for the week of 2024-03-08, the average rate was 6.4%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.94%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 73 6.63% $6,084
NAVY FEDERAL CREDIT UNION 20 5.64% $8,359
UNITED WHOLESALE MORTGAGE, LLC 12 6.27% $4,776
AMCAP MORTGAGE, LTD. 10 6.67% $10,428
DHI MORTGAGE COMPANY, LTD. 10 5.21% $9,631
Republic State Mortgage Co. 10 6.70% $7,986
GUILD MORTGAGE COMPANY 9 6.61% $9,667
Gateway First Bank 9 6.15% $8,923
QUICKEN LOANS, LLC 9 6.54% $9,475
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.82% $7,667
Flagstar Bank, FSB 8 7.00% $7,451
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.96% $2,574
OPEN MORTGAGE, LLC 6 7.10% $8,982
FBC MORTGAGE, LLC 5 6.12% $8,046
LEGEND LENDING CORPORATION 4 6.66% $7,713
MID AMERICA MORTGAGE, INC. 4 6.22% $11,237
Equity Prime Mortgage LLC 4 6.72% $3,290
EVERETT FINANCIAL, INC. 4 6.63% $9,203
PENNYMAC LOAN SERVICES, LLC 4 5.22% $7,890
ACADEMY MORTGAGE CORPORATION 3 6.50% $5,663
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.53% $4,471
GUARANTEED RATE, INC. 3 6.54% $5,079
MORTGAGE ACCESS CORP. 3 6.38% $13,675
Mr. Cooper ( Nationstar Mortgage ) 3 6.71% $9,215
Plains Commerce Bank 3 6.63% $9,288
SECURITYNATIONAL MORTGAGE COMPANY 3 6.83% $17,365
T2 FINANCIAL LLC 3 6.67% $5,486
USAA Federal Savings Bank 3 6.58% $14,583
WILLOW BEND MORTGAGE COMPANY, LLC 3 6.75% $6,324
Mid-Continent Funding, Inc. 2 6.25% $7,617
CMG MORTGAGE, INC. 2 5.63% $8,969
CARDINAL FINANCIAL 2 7.75% $6,509
PREMIA MORTGAGE, LLC 2 6.31% $11,787
SUN WEST MORTGAGE COMPANY, INC. 2 6.99% $4,329
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $4,933
VILLAGE CAPITAL MORTGAGE 2 6.00% $3,986
NEWREZ LLC 2 7.00% $11,817
FREEDOM MORTGAGE CORPORATION 2 6.00% $13,119
CROSSCOUNTRY MORTGAGE, LLC 2 6.22% $12,142
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.88% $3,801
Barrington Bank & Trust Company, N.A. 2 6.50% $6,845
DSLD MORTGAGE, LLC 2 5.74% $838
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.19% $5,920
American Mortgage Bank, LLC 2 7.19% $3,389
JPMorgan Chase Bank 2 6.31% $4,287
RESIDENTIAL BANCORP 1 6.25% $8,695
U.S. Bank 1 6.13% $4,397
SUCCESS MORTGAGE PARTNERS, INC. 1 6.25% $9,162
Sunflower Bank 1 6.13% $12,651
SWBC MORTGAGE CORPORATION 1 6.13% $10,400
The Huntington National Bank 1 5.88% $28,569
First Financial Bank 1 6.25% $5,976
THRIVE MORTGAGE, LLC 1 7.13% $12,976
Integrity Home Mortgage Corp 1 7.13% $1,134
INTERLINC MORTGAGE SERVICES, LLC 1 4.56% $7,581
Meridian Bank Corporation 1 5.75% $13,288
CRESCENT MORTGAGE COMPANY 1 5.75% $7,354
United Fidelity Funding Corp. 1 5.50% $10,834
MORTGAGEONE, INC. 1 7.38% $0
AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $2,321
Nations Lending Corporation 1 6.25% $6,832
NATIONS RELIABLE LENDING, LLC 1 7.25% $8,075
BROKER SOLUTIONS, INC. 1 6.75% $13,002
BECKAM FUNDING CORP. 1 7.25% $6,656
PENTAGON FEDERAL CREDIT UNION 1 7.00% $4,424
V.I.P. MORTGAGE, INC. 1 6.99% $15,740
PLAZA HOME MORTGAGE, INC. 1 6.00% $24,966
Prosperity Bank 1 5.75% $8,307
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $45,423
Renasant Bank 1 6.99% $9,185

The top Beaumont VA lender as defined by loan originations is Mortgage Research Center, LLC, with 73 VA loans originated. Their average total fees are $6,084, which is $2,275 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Beaumont VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($4,776), Mortgage Research Center, LLC ($6,084), Republic State Mortgage Co. ($7,986), NAVY FEDERAL CREDIT UNION ($8,359) and DHI MORTGAGE COMPANY, LTD. ($9,631).

The lowest rate Beaumont VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.21%), NAVY FEDERAL CREDIT UNION (5.64%), UNITED WHOLESALE MORTGAGE, LLC (6.27%), Mortgage Research Center, LLC (6.63%) and AMCAP MORTGAGE, LTD. (6.67%).


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 $159,700 (-3.1%) $213,766 (1.7%) 0.59 982
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 (-3.7%) $229,262 (3.0%) 0.58 1,135
2018-07-01 $175,250 (0.2%) $230,567 (7.4%) 0.59 1,220
2018-08-01 $178,000 (1.8%) $230,130 (6.6%) 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%) $225,164 (4.2%) 0.61 1,272
2018-11-01 $177,450 (10.9%) $223,695 (5.0%) 0.60 1,256
2018-12-01 $175,000 (9.4%) $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 $184,100 (18.4%) $230,864 (8.6%) 0.60 1,301
2019-04-01 $189,000 (18.9%) $232,657 (5.9%) 0.60 1,334
2019-05-01 $189,900 (15.1%) $233,908 (3.2%) 0.59 1,318
2019-06-01 $190,000 (10.1%) $234,131 (2.1%) 0.59 1,354
2019-07-01 $191,125 (9.1%) $231,792 (0.5%) 0.60 1,415
2019-08-01 $190,805 (7.2%) $230,221 (0.0%) 0.60 1,452
2019-09-01 $192,011 (7.3%) $231,395 (2.0%) 0.61 1,432
2019-10-01 $192,816 (7.2%) $231,163 (2.7%) 0.62 1,417
2019-11-01 $189,900 (7.0%) $228,733 (2.3%) 0.62 1,375
2019-12-01 $184,900 (5.7%) $228,476 (1.0%) 0.62 1,325
2020-01-01 $186,700 (6.7%) $231,137 (1.0%) 0.62 1,243
2020-02-01 $185,450 (4.4%) $231,234 (0.8%) 0.61 1,241
2020-03-01 $189,450 (2.9%) $235,791 (2.1%) 0.59 1,228
2020-04-01 $194,900 (3.1%) $237,796 (2.2%) 0.61 1,198
2020-05-01 $199,000 (4.8%) $243,387 (4.1%) 0.60 1,218
2020-06-01 $203,225 (7.0%) $246,804 (5.4%) 0.60 1,327
2020-07-01 $206,950 (8.3%) $247,738 (6.9%) 0.60 1,308
2020-08-01 $209,900 (10.0%) $250,778 (8.9%) 0.60 1,256
2020-09-01 $214,250 (11.6%) $250,463 (8.2%) 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%) $248,099 (8.5%) 0.61 1,159
2020-12-01 $201,125 (8.8%) $249,829 (9.4%) 0.60 1,068
2021-01-01 $205,000 (9.8%) $251,129 (8.7%) 0.61 1,033
2021-02-01 $208,033 (12.2%) $250,026 (8.1%) 0.61 1,054
2021-03-01 $212,500 (12.2%) $255,782 (8.5%) 0.60 1,069
2021-04-01 $223,000 (14.4%) $261,407 (9.9%) 0.60 1,021
2021-05-01 $212,000 (6.5%) $256,624 (5.4%) 0.56 975
2021-06-01 $213,500 (5.1%) $257,389 (4.3%) 0.56 993
2021-07-01 $210,000 (1.5%) $255,974 (3.3%) 0.55 1,064
2021-08-01 $205,500 (-2.1%) $252,251 (0.6%) 0.55 1,131
2021-09-01 $210,000 (-2.0%) $259,837 (3.7%) 0.56 1,119
2021-10-01 $210,000 (-0.5%) $260,628 (4.4%) 0.56 1,126
2021-11-01 $214,900 (3.6%) $264,309 (6.5%) 0.57 1,113
2021-12-01 $210,000 (4.4%) $262,855 (5.2%) 0.57 1,055
2022-01-01 $215,000 (4.9%) $274,016 (9.1%) 0.58 1,015
2022-02-01 $219,995 (5.8%) $277,443 (11.0%) 0.57 1,002
2022-03-01 $229,450 (8.0%) $280,772 (9.8%) 0.57 1,007
2022-04-01 $239,000 (7.2%) $287,543 (10.0%) 0.57 1,002
2022-05-01 $238,200 (12.4%) $296,655 (15.6%) 0.54 1,046
2022-06-01 $239,800 (12.3%) $302,606 (17.6%) 0.53 1,125
2022-07-01 $230,000 (9.5%) $292,106 (14.1%) 0.52 1,294
2022-08-01 $222,150 (8.1%) $284,559 (12.8%) 0.51 1,353
2022-09-01 $219,675 (4.6%) $280,147 (7.8%) 0.51 1,405
2022-10-01 $225,000 (7.1%) $284,363 (9.1%) 0.53 1,437
2022-11-01 $228,900 (6.5%) $282,598 (6.9%) 0.55 1,475
2022-12-01 $230,000 (9.5%) $278,226 (5.9%) 0.57 1,360
2023-01-01 $234,700 (9.2%) $280,194 (2.3%) 0.58 1,332
2023-02-01 $232,500 (5.7%) $296,410 (6.8%) 0.56 1,365
2023-03-01 $239,450 (4.4%) $281,030 (0.1%) 0.56 1,385
2023-04-01 $245,000 (2.5%) $282,571 (-1.7%) 0.57 1,300
2023-05-01 $249,000 (4.5%) $290,315 (-2.1%) 0.56 1,319
2023-06-01 $250,000 (4.3%) $295,263 (-2.4%) 0.56 1,398
2023-07-01 $249,900 (8.7%) $291,552 (-0.2%) 0.57 1,471
2023-08-01 $240,000 (8.0%) $285,330 (0.3%) 0.55 1,475
2023-09-01 $240,000 (9.3%) $283,252 (1.1%) 0.56 1,502
2023-10-01 $240,000 (6.7%) $284,109 (-0.1%) 0.56 1,556
2023-11-01 $239,925 (4.8%) $285,914 (1.2%) 0.57 1,549
2023-12-01 $240,000 (4.4%) $284,420 (2.2%) 0.59 1,472
2024-01-01 $239,900 (2.2%) $280,399 (0.1%) 0.59 1,416
2024-02-01 $234,995 (1.1%) $276,659 (-6.7%) 0.57 1,467
2024-03-01 $236,970 (-1.0%) $280,479 (-0.2%) 0.56 1,487
Beaumont's median listing price for 2024-03-01 was $236,970, a difference of $-2,480 (-1.0%) versus the prior year and $1,975 versus the prior month.

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

Beaumont's average listing price for 2024-03-01 was $280,479, a difference of $-551 (-0.2%) versus the prior year and $3,820 versus the prior month.

For the 2024-03-01 period, Beaumont had 1,487 MLS listings, a difference of 20 listings (1%) versus the prior month and 102 listings (7%) 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 62 days 2,048 sqft
2018-02-01 60 days 2,042 sqft
2018-03-01 53 days 2,023 sqft
2018-04-01 46 days 2,002 sqft
2018-05-01 44 days 1,997 sqft
2018-06-01 47 days 1,982 sqft
2018-07-01 51 days 1,983 sqft
2018-08-01 51 days 1,960 sqft
2018-09-01 56 days 1,962 sqft
2018-10-01 60 days 1,978 sqft
2018-11-01 64 days 1,960 sqft
2018-12-01 68 days 1,946 sqft
2019-01-01 71 days 1,954 sqft
2019-02-01 61 days 1,961 sqft
2019-03-01 50 days 1,981 sqft
2019-04-01 47 days 2,006 sqft
2019-05-01 55 days 2,008 sqft
2019-06-01 58 days 1,995 sqft
2019-07-01 54 days 1,995 sqft
2019-08-01 56 days 1,981 sqft
2019-09-01 59 days 1,979 sqft
2019-10-01 62 days 1,972 sqft
2019-11-01 66 days 1,963 sqft
2019-12-01 73 days 1,953 sqft
2020-01-01 81 days 1,956 sqft
2020-02-01 73 days 1,947 sqft
2020-03-01 57 days 1,960 sqft
2020-04-01 61 days 1,986 sqft
2020-05-01 68 days 1,986 sqft
2020-06-01 53 days 1,985 sqft
2020-07-01 50 days 1,981 sqft
2020-08-01 59 days 2,007 sqft
2020-09-01 72 days 2,006 sqft
2020-10-01 67 days 2,002 sqft
2020-11-01 59 days 1,968 sqft
2020-12-01 61 days 1,948 sqft
2021-01-01 64 days 1,951 sqft
2021-02-01 57 days 1,949 sqft
2021-03-01 53 days 1,965 sqft
2021-04-01 47 days 1,971 sqft
2021-05-01 50 days 1,916 sqft
2021-06-01 45 days 1,914 sqft
2021-07-01 40 days 1,872 sqft
2021-08-01 45 days 1,863 sqft
2021-09-01 50 days 1,903 sqft
2021-10-01 53 days 1,898 sqft
2021-11-01 52 days 1,900 sqft
2021-12-01 61 days 1,874 sqft
2022-01-01 61 days 1,881 sqft
2022-02-01 46 days 1,882 sqft
2022-03-01 43 days 1,883 sqft
2022-04-01 40 days 1,895 sqft
2022-05-01 39 days 1,881 sqft
2022-06-01 39 days 1,890 sqft
2022-07-01 44 days 1,876 sqft
2022-08-01 47 days 1,855 sqft
2022-09-01 58 days 1,842 sqft
2022-10-01 59 days 1,858 sqft
2022-11-01 60 days 1,898 sqft
2022-12-01 70 days 1,905 sqft
2023-01-01 78 days 1,929 sqft
2023-02-01 77 days 1,901 sqft
2023-03-01 63 days 1,911 sqft
2023-04-01 60 days 1,917 sqft
2023-05-01 54 days 1,946 sqft
2023-06-01 52 days 1,948 sqft
2023-07-01 52 days 1,917 sqft
2023-08-01 58 days 1,904 sqft
2023-09-01 59 days 1,896 sqft
2023-10-01 64 days 1,875 sqft
2023-11-01 70 days 1,881 sqft
2023-12-01 75 days 1,885 sqft
2024-01-01 86 days 1,880 sqft
2024-02-01 75 days 1,847 sqft
2024-03-01 59 days 1,844 sqft
Beaumont's median listing age (time on market) for 2024-03-01 was 59 days. This is -6% shorter than the same period one year ago.

Beaumont's median square footage for active listings during the 2024-03-01 period was 1,844 sqft. One year prior, the average listing was 1,911 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.