Beaumont VA Loans
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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.