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%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 110 2.92% $5,319
FREEDOM MORTGAGE CORPORATION 45 2.50% $3,379
MID AMERICA MORTGAGE, INC. 35 3.18% $4,079
USAA Federal Savings Bank 30 2.91% $4,912
QUICKEN LOANS, LLC 29 2.46% $4,167
PENNYMAC LOAN SERVICES, LLC 24 2.47% $4,314
Gateway First Bank 20 2.99% $7,306
Republic State Mortgage Co. 17 3.01% $5,487
GUILD MORTGAGE COMPANY 16 2.89% $7,671
OPEN MORTGAGE, LLC 16 3.13% $6,425
Mr. Cooper ( Nationstar Mortgage ) 15 2.93% $2,604
UNITED WHOLESALE MORTGAGE, LLC 13 2.68% $4,305
GUARANTEED RATE, INC. 13 2.99% $5,148
NAVY FEDERAL CREDIT UNION 13 2.47% $6,067
CALIBER HOME LOANS, INC. 11 2.88% $4,860
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 3.15% $4,845
LAKEVIEW LOAN SERVICING, LLC 10 2.68% $2,427
VILLAGE CAPITAL & INVESTMENT LLC 10 2.57% $3,321
CLEARPATH LENDING 10 2.45% $4,195
AMCAP MORTGAGE, LTD. 8 2.98% $10,952
NP, Inc. 7 2.34% $4,716
Magnolia Bank 6 2.63% $6,808
NEW DAY FINANCIAL, LLC 6 2.60% $2,326
HOME POINT FINANCIAL CORPORATION 5 3.07% $6,038
Wells Fargo Bank 5 2.70% $3,429
LHM FINANCIAL CORPORATION 4 2.53% $4,748
MOVEMENT MORTGAGE, LLC 4 3.00% $8,787
Carrington Mortgage Services, LLC 4 2.94% $5,560
Barrington Bank & Trust Company, N.A. 4 2.48% $3,552
AMERICAN FINANCIAL NETWORK, INC. 4 2.31% $6,367
Lakeview Community Capital, LLC 4 2.41% $3,115
Low VA Rates, LLC 4 2.25% $2,544
LOANDEPOT.COM, LLC 4 2.75% $7,184
Flagstar Bank, FSB 3 2.46% $9,292
AMERISAVE MORTGAGE CORPORATION 3 2.79% $6,549
BROKER SOLUTIONS, INC. 3 3.37% $5,878
ACCELERATE MORTGAGE, LLC 3 2.08% $5,708
SOUTHWEST FUNDING, LP 3 3.50% $10,159
SUN WEST MORTGAGE COMPANY, INC. 3 2.66% $4,041
SWBC MORTGAGE CORPORATION 3 2.29% $8,178
THRIVE MORTGAGE, LLC 3 2.77% $5,832
First Financial Bank 3 3.00% $5,291
Citizens Bank 3 2.92% $6,530
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.33% $1,487
Equity Prime Mortgage LLC 2 3.75% $4,964
ACADEMY MORTGAGE CORPORATION 2 3.25% $3,652
FBC MORTGAGE, LLC 2 3.06% $9,623
LEADERONE FINANCIAL CORPORATION 2 3.25% $5,460
Nations Lending Corporation 2 3.25% $10,177
NBKC BANK 2 2.75% $7,402
Paramount Bank 2 2.31% $3,052
PENTAGON FEDERAL CREDIT UNION 2 2.25% $1,089
PLANET HOME LENDING, LLC 2 2.50% $2,551
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.50% $3,020
The Federal Savings Bank 2 2.50% $3,910
West Town Bank & Trust 2 2.81% $10,437
MORTGAGE FINANCIAL SERVICES, LLC 1 3.88% $7,906
GMFS LLC 1 2.75% $3,322
First Home Bank 1 2.88% $8,803
First Guaranty Mortgage Corporation 1 2.25% $3,558
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $9,488
CERTAINTY HOME LOANS, LLC 1 3.88% $5,859
NATIONS RELIABLE LENDING, LLC 1 3.75% $7,302
First Federal Bank 1 2.75% $4,788
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.25% $3,495
NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $3,930
Network Funding, L.P. 1 3.75% $10,516
FINANCE OF AMERICA MORTGAGE LLC 1 3.00% $4,573
North American Savings Bank, F.S.B. 1 2.50% $3,389
EVERETT FINANCIAL, INC. 1 3.63% $7,118
DIRECTIONS EQUITY, LLC 1 2.25% $2,940
ANGEL OAK HOME LOANS LLC 1 3.25% $4,824
Paramount Residential Mortgage Group, Inc. 1 3.13% $3,343
DHI MORTGAGE COMPANY, LTD. 1 2.63% $4,131
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.63% $2,559
ZILLOW HOME LOANS, LLC 1 2.38% $4,211
PLAZA HOME MORTGAGE, INC. 1 2.63% $3,869
WILLOW BEND MORTGAGE COMPANY, LLC 1 3.25% $5,554
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.25% $8,884
Prosperity Home Mortgage, LLC 1 2.63% $6,439
CRESTMARK MORTGAGE COMPANY, LTD. 1 2.38% $18,732
Regions Bank 1 2.25% $11,130
CRESCENT MORTGAGE COMPANY 1 4.00% $955
SFMC, LP 1 2.75% $13,423
CONTOUR MORTGAGE CORPORATION 1 2.88% $5,867
SOUTHWEST STAGE FUNDING, LLC 1 4.38% $497
Commerce Home Mortgage, Inc. 1 2.25% $5,039
CLM MORTGAGE, INC 1 3.75% $7,916
Texas Bank Financial 1 3.38% $9,051
Wolfe Financial, Inc 1 2.88% $10,091
City Bank 1 3.00% $2,652
J. VIRGIL, INC. 1 3.50% $10,968
UNION HOME MORTGAGE CORP. 1 3.38% $11,439
LENDING 3, INC. 1 2.75% $5,723
HOMETRUST MORTGAGE COMPANY 1 2.38% $4,521
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.63% $17,637
HANCOCK MORTGAGE PARTNERS, LLC 1 3.00% $5,386
GSF Mortgage Corporation 1 4.25% $3,900
Great Plains National Bank 1 2.38% $3,848
Mid-Continent Funding, Inc. 1 2.88% $2,949

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. Louis
Date 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 for 2022-04-01 was $239,900, a difference of $10,450 (4.6%) versus the prior year and $10,000 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 41 days. This is -14% shorter than the same period one year ago.

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.

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.