Borger VA Loan Rates, Closing Costs & Stats

Borger, TX

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    • 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.

    Borger's 16 lenders originated 27 VA loans during 2023. The total origination value was $5,405,000, with an average VA loan value of $200,185.

    Borger VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Borger averaged 7.1% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Borger's average VA mortgage closing costs are $4,424.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.59%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Borger 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 Borger level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.65% $4,136
    Amarillo National Bank 4 6.16% $5,624
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $3,965
    ASSOCIATED MORTGAGE CORPORATION 1 6.88% $2,152
    CARDINAL FINANCIAL 1 6.75% $10,356
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.99% $1,560
    FREEDOM MORTGAGE CORPORATION 1 6.75% $4,958
    GREENSTATE CREDIT UNION 1 6.50% $7,336
    Mid-Continent Funding, Inc. 1 6.38% $10,193
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.88% $2,055
    NATIONS RELIABLE LENDING, LLC 1 7.75% $18,871
    NAVY FEDERAL CREDIT UNION 1 5.38% $7,843
    PENNYMAC LOAN SERVICES, LLC 1 5.13% $4,078
    TEXAS TECH 1 4.75% $13,664
    The Federal Savings Bank 1 7.63% $9,308
    AMCAP MORTGAGE, LTD. 1 6.75% $10,631

    The top Borger VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $4,136, which is $1,488 lower than the next largest lender, Amarillo National Bank.

    The lowest fee Borger VA lenders (with over 10 loans originated) are .

    The lowest rate Borger VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Borger (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 $88,075 (-12.1%) $106,090 (-11.2%) 0.00 81
    2018-02-01 $87,425 (-17.6%) $101,969 (-18.0%) 0.00 89
    2018-03-01 $84,450 (-28.0%) $98,229 (-24.2%) 0.00 89
    2018-04-01 $86,225 (-29.0%) $100,875 (-29.5%) 0.00 89
    2018-05-01 $87,050 (-25.4%) $111,068 (-16.1%) 0.00 93
    2018-06-01 $89,500 (-19.0%) $109,116 (-16.1%) 0.00 91
    2018-07-01 $89,000 (-10.7%) $110,589 (-10.0%) 0.00 102
    2018-08-01 $94,125 (-0.8%) $114,920 (0.6%) 0.00 109
    2018-09-01 $90,000 (-8.2%) $114,572 (-2.1%) 0.00 110
    2018-10-01 $91,500 (-6.9%) $112,572 (-1.5%) 0.00 118
    2018-11-01 $89,000 (-1.0%) $107,677 (1.5%) 0.00 114
    2018-12-01 $85,500 (-1.2%) $108,467 (5.1%) 0.00 109
    2019-01-01 $85,500 (-2.9%) $103,609 (-2.3%) 0.00 105
    2019-02-01 $89,975 (2.9%) $108,229 (6.1%) 0.00 103
    2019-03-01 $90,164 (6.8%) $104,930 (6.8%) 0.00 107
    2019-04-01 $91,725 (6.4%) $107,002 (6.1%) 0.00 107
    2019-05-01 $93,000 (6.8%) $107,617 (-3.1%) 0.00 109
    2019-06-01 $94,900 (6.0%) $109,285 (0.2%) 0.00 115
    2019-07-01 $95,700 (7.5%) $119,914 (8.4%) 0.00 108
    2019-08-01 $93,427 (-0.7%) $118,974 (3.5%) 0.00 108
    2019-09-01 $91,218 (1.4%) $116,841 (2.0%) 0.00 113
    2019-10-01 $85,750 (-6.3%) $113,203 (0.6%) 0.00 114
    2019-11-01 $73,700 (-17.2%) $106,460 (-1.1%) 0.00 117
    2019-12-01 $72,115 (-15.7%) $103,290 (-4.8%) 0.00 112
    2020-01-01 $72,675 (-15.0%) $96,559 (-6.8%) 0.00 100
    2020-02-01 $72,450 (-19.5%) $95,219 (-12.0%) 0.00 95
    2020-03-01 $59,950 (-33.5%) $88,852 (-15.3%) 0.00 77
    2020-04-01 $64,475 (-29.7%) $92,831 (-13.2%) 0.00 81
    2020-05-01 $79,925 (-14.1%) $102,216 (-5.0%) 0.00 91
    2020-06-01 $81,875 (-13.7%) $101,255 (-7.4%) 0.00 85
    2020-07-01 $89,950 (-6.0%) $110,059 (-8.2%) 0.00 85
    2020-08-01 $99,500 (6.5%) $121,145 (1.8%) 0.00 72
    2020-09-01 $101,975 (11.8%) $126,509 (8.3%) 0.00 70
    2020-10-01 $95,500 (11.4%) $118,247 (4.5%) 0.00 67
    2020-11-01 $99,375 (34.8%) $123,369 (15.9%) 0.00 65
    2020-12-01 $108,250 (50.1%) $130,570 (26.4%) 0.00 62
    2021-01-01 $93,850 (29.1%) $124,581 (29.0%) 0.00 58
    2021-02-01 $79,900 (10.3%) $105,430 (10.7%) 0.00 44
    2021-03-01 $80,600 (34.5%) $100,309 (12.9%) 0.00 35
    2021-04-01 $73,750 (14.4%) $95,029 (2.4%) 0.00 34
    2021-05-01 $88,750 (11.0%) $111,977 (9.6%) 0.00 32
    2021-06-01 $107,900 (31.8%) $116,603 (15.2%) 0.00 30
    2021-07-01 $81,500 (-9.4%) $112,186 (1.9%) 0.00 35
    2021-08-01 $92,500 (-7.0%) $121,041 (-0.1%) 0.00 47
    2021-09-01 $115,725 (13.5%) $138,446 (9.4%) 0.00 49
    2021-10-01 $120,000 (25.7%) $141,473 (19.6%) 0.00 57
    2021-11-01 $116,725 (17.5%) $133,324 (8.1%) 0.00 57
    2021-12-01 $119,450 (10.4%) $132,399 (1.4%) 0.00 50
    2022-01-01 $125,000 (33.2%) $135,441 (8.7%) 0.00 44
    2022-02-01 $130,750 (63.6%) $145,604 (38.1%) 0.00 33
    2022-03-01 $120,750 (49.8%) $136,269 (35.9%) 0.00 32
    2022-04-01 $135,000 (83.1%) $152,754 (60.7%) 0.00 38
    2022-05-01 $128,000 (44.2%) $134,694 (20.3%) 0.00 37
    2022-06-01 $127,500 (18.2%) $145,642 (24.9%) 0.00 42
    2022-07-01 $124,500 (52.8%) $149,711 (33.5%) 0.00 52
    2022-08-01 $115,175 (24.5%) $131,276 (8.5%) 0.00 54
    2022-09-01 $109,950 (-5.0%) $131,482 (-5.0%) 0.00 56
    2022-10-01 $119,900 (-0.1%) $137,148 (-3.1%) 0.00 62
    2022-11-01 $125,950 (7.9%) $147,166 (10.4%) 0.00 65
    2022-12-01 $125,000 (4.7%) $145,655 (10.0%) 0.00 61
    2023-01-01 $118,725 (-5.0%) $139,155 (2.7%) 0.00 55
    2023-02-01 $110,450 (-15.5%) $135,728 (-6.8%) 0.00 55
    2023-03-01 $141,165 (16.9%) $143,699 (5.5%) 0.00 56
    2023-04-01 $160,000 (18.5%) $156,701 (2.6%) 0.00 58
    2023-05-01 $165,000 (28.9%) $173,740 (29.0%) 0.00 54
    2023-06-01 $193,750 (52.0%) $184,678 (26.8%) 0.00 50
    2023-07-01 $166,750 (33.9%) $177,100 (18.3%) 0.00 43
    2023-08-01 $149,021 (29.4%) $176,076 (34.1%) 0.00 53
    2023-09-01 $165,000 (50.1%) $179,071 (36.2%) 0.00 56
    2023-10-01 $155,500 (29.7%) $180,574 (31.7%) 0.00 56
    2023-11-01 $161,750 (28.4%) $178,116 (21.0%) 0.00 53
    2023-12-01 $157,500 (26.0%) $173,626 (19.2%) 0.00 51
    2024-01-01 $163,725 (37.9%) $176,301 (26.7%) 0.00 53
    2024-02-01 $134,975 (22.2%) $170,142 (25.4%) 0.00 59
    2024-03-01 $125,000 (-11.5%) $161,584 (12.5%) 0.00 54
    Borger's median listing price for 2024-03-01 was $125,000, a difference of $-16,165 (-11.5%) versus the prior year and $-9,975 versus the prior month.

    Borger's median listing price comes in at 0% of the national average.

    Borger's average listing price for 2024-03-01 was $161,584, a difference of $17,885 (12.5%) versus the prior year and $-8,558 versus the prior month.

    For the 2024-03-01 period, Borger had 54 MLS listings, a difference of -5 listings (-8%) versus the prior month and -2 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Borger (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,595 sqft
    2018-02-01 0 days 1,509 sqft
    2018-03-01 0 days 1,537 sqft
    2018-04-01 0 days 1,557 sqft
    2018-05-01 0 days 1,584 sqft
    2018-06-01 0 days 1,562 sqft
    2018-07-01 0 days 1,548 sqft
    2018-08-01 0 days 1,619 sqft
    2018-09-01 0 days 1,598 sqft
    2018-10-01 0 days 1,579 sqft
    2018-11-01 0 days 1,577 sqft
    2018-12-01 0 days 1,568 sqft
    2019-01-01 0 days 1,513 sqft
    2019-02-01 0 days 1,626 sqft
    2019-03-01 0 days 1,563 sqft
    2019-04-01 0 days 1,642 sqft
    2019-05-01 0 days 1,558 sqft
    2019-06-01 0 days 1,585 sqft
    2019-07-01 0 days 1,595 sqft
    2019-08-01 0 days 1,508 sqft
    2019-09-01 0 days 1,443 sqft
    2019-10-01 0 days 1,390 sqft
    2019-11-01 0 days 1,379 sqft
    2019-12-01 0 days 1,357 sqft
    2020-01-01 0 days 1,360 sqft
    2020-02-01 0 days 1,348 sqft
    2020-03-01 0 days 1,326 sqft
    2020-04-01 0 days 1,370 sqft
    2020-05-01 0 days 1,558 sqft
    2020-06-01 0 days 1,519 sqft
    2020-07-01 0 days 1,504 sqft
    2020-08-01 0 days 1,648 sqft
    2020-09-01 0 days 1,770 sqft
    2020-10-01 0 days 1,740 sqft
    2020-11-01 0 days 1,789 sqft
    2020-12-01 0 days 1,776 sqft
    2021-01-01 0 days 1,599 sqft
    2021-02-01 0 days 1,462 sqft
    2021-03-01 0 days 1,405 sqft
    2021-04-01 0 days 1,281 sqft
    2021-05-01 0 days 1,438 sqft
    2021-06-01 0 days 1,513 sqft
    2021-07-01 0 days 1,361 sqft
    2021-08-01 0 days 1,454 sqft
    2021-09-01 0 days 1,688 sqft
    2021-10-01 0 days 1,682 sqft
    2021-11-01 0 days 1,546 sqft
    2021-12-01 0 days 1,650 sqft
    2022-01-01 0 days 1,747 sqft
    2022-02-01 0 days 1,835 sqft
    2022-03-01 0 days 1,579 sqft
    2022-04-01 0 days 1,816 sqft
    2022-05-01 0 days 1,734 sqft
    2022-06-01 0 days 1,667 sqft
    2022-07-01 0 days 1,647 sqft
    2022-08-01 0 days 1,566 sqft
    2022-09-01 0 days 1,455 sqft
    2022-10-01 0 days 1,439 sqft
    2022-11-01 0 days 1,593 sqft
    2022-12-01 0 days 1,555 sqft
    2023-01-01 0 days 1,486 sqft
    2023-02-01 0 days 1,482 sqft
    2023-03-01 0 days 1,518 sqft
    2023-04-01 0 days 1,673 sqft
    2023-05-01 0 days 1,812 sqft
    2023-06-01 0 days 1,857 sqft
    2023-07-01 0 days 1,714 sqft
    2023-08-01 0 days 1,595 sqft
    2023-09-01 0 days 1,650 sqft
    2023-10-01 0 days 1,649 sqft
    2023-11-01 0 days 1,649 sqft
    2023-12-01 0 days 1,599 sqft
    2024-01-01 0 days 1,651 sqft
    2024-02-01 0 days 1,559 sqft
    2024-03-01 0 days 1,511 sqft
    Borger's median listing age (time on market) for 2024-03-01 was 0 days.

    Borger's median square footage for active listings during the 2024-03-01 period was 1,511 sqft. One year prior, the average listing was 1,518 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.