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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.