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
0.44%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Beaumont's average VA mortgage closing costs are $5,908.
The average rate for the prior week (2024-11-22) was
6.61% and
one month ago for the week of 2024-10-25, the
average rate was 6.31%.
The average rate one year ago was 7.05%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.27%.
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
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. LouisDate | 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 |
2024-04-01 | $239,450 (-2.3%) | $283,611 (0.4%) | 0.56 | 1,528 |
2024-05-01 | $243,725 (-2.1%) | $289,529 (-0.3%) | 0.55 | 1,527 |
2024-06-01 | $245,000 (-2.0%) | $288,823 (-2.2%) | 0.55 | 1,558 |
2024-07-01 | $244,990 (-2.0%) | $290,988 (-0.2%) | 0.56 | 1,647 |
2024-08-01 | $240,000 (0.0%) | $289,267 (1.4%) | 0.56 | 1,639 |
2024-09-01 | $239,450 (-0.2%) | $283,783 (0.2%) | 0.56 | 1,681 |
2024-10-01 | $234,950 (-2.1%) | $284,303 (0.1%) | 0.55 | 1,711 |
Beaumont's median listing price comes in at 55% of the national average.
Beaumont's average listing price for 2024-10-01 was $284,303, a difference of $194 (0.1%) versus the prior year and $520 versus the prior month.
For the 2024-10-01 period, Beaumont had 1,711 MLS listings, a difference of 30 listings (2%) versus the prior month and 155 listings (10%) 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 | 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 |
2024-04-01 | 59 days | 1,882 sqft |
2024-05-01 | 61 days | 1,903 sqft |
2024-06-01 | 58 days | 1,904 sqft |
2024-07-01 | 58 days | 1,899 sqft |
2024-08-01 | 61 days | 1,872 sqft |
2024-09-01 | 65 days | 1,843 sqft |
2024-10-01 | 66 days | 1,831 sqft |
Beaumont's median square footage for active listings during the 2024-10-01 period was 1,831 sqft. One year prior, the average listing was 1,875 sqft.