Brenham VA Loan Rates, Closing Costs & Stats

Brenham, 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.

Brenham's 28 lenders originated 62 VA loans during 2021. The total origination value was $16,110,000, with an average VA loan value of $259,839.

Brenham VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Brenham averaged 6.9% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Brenham's average VA mortgage closing costs are $5,511.

The average rate for the prior week (2022-11-25) was 6.93% and one month ago for the week of 2022-10-28, the average rate was 7.12%.

The average rate one year ago was 3.4%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.63%.

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

Brenham 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 Brenham level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FREEDOM MORTGAGE CORPORATION 7 2.59% $1,573
PENNYMAC LOAN SERVICES, LLC 6 2.23% $5,583
Mortgage Research Center, LLC 5 2.80% $9,167
Wallick & Volk, Inc. 4 2.91% $4,831
GUARANTEED RATE, INC. 4 2.66% $5,275
LAKEVIEW LOAN SERVICING, LLC 3 2.54% $2,645
Low VA Rates, LLC 3 2.25% $4,622
UNITED WHOLESALE MORTGAGE, LLC 2 2.27% $2,728
NEWREZ LLC 2 2.75% $4,509
QUICKEN LOANS, LLC 2 2.31% $2,349
GUILD MORTGAGE COMPANY 1 2.88% $10,470
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $4,032
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $15,794
MID AMERICA MORTGAGE, INC. 1 3.75% $1,769
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.38% $2,340
SOUTHWEST STAGE FUNDING, LLC 1 2.75% $1,548
SWBC MORTGAGE CORPORATION 1 2.63% $6,911
VILLAGE CAPITAL MORTGAGE 1 2.84% $3,173
HOME POINT FINANCIAL CORPORATION 1 2.75% $6,214
AMERICA'S CHOICE HOME LOANS LP 1 2.25% $3,703
AMERISAVE MORTGAGE CORPORATION 1 2.25% $2,273
Barrington Bank & Trust Company, N.A. 1 2.75% $9,406
CALIBER HOME LOANS, INC. 1 2.25% $1,470
Citizens Bank 1 2.50% $3,769
CONTOUR MORTGAGE CORPORATION 1 2.75% $6,869
DHI MORTGAGE COMPANY, LTD. 1 2.75% $14,313
First Federal Bank of Kansas City 1 2.25% $2,943
Gateway First Bank 1 2.25% $3,509

The top Brenham VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 7 VA loans originated. Their average total fees are $1,573, which is $4,011 lower than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Brenham (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 $267,425 (22.0%) $346,875 (29.7%) 0.00 92
2018-02-01 $255,425 (8.8%) $367,602 (38.0%) 0.00 87
2018-03-01 $254,500 (5.6%) $400,915 (49.7%) 0.00 92
2018-04-01 $277,250 (18.0%) $403,590 (48.7%) 0.00 103
2018-05-01 $286,300 (22.5%) $384,049 (38.1%) 0.00 108
2018-06-01 $301,950 (29.1%) $380,669 (25.4%) 0.00 108
2018-07-01 $295,950 (23.5%) $365,357 (17.4%) 0.00 94
2018-08-01 $274,700 (15.4%) $362,672 (17.6%) 0.00 96
2018-09-01 $297,950 (24.7%) $368,686 (14.0%) 0.00 81
2018-10-01 $279,900 (16.8%) $355,030 (12.0%) 0.00 81
2018-11-01 $289,475 (16.1%) $351,907 (14.2%) 0.00 74
2018-12-01 $269,000 (6.1%) $336,260 (5.8%) 0.00 72
2019-01-01 $270,000 (1.0%) $376,592 (8.6%) 0.00 68
2019-02-01 $274,875 (7.6%) $404,852 (10.1%) 0.00 71
2019-03-01 $261,621 (2.8%) $391,833 (-2.3%) 0.00 77
2019-04-01 $253,496 (-8.6%) $380,860 (-5.6%) 0.00 87
2019-05-01 $249,600 (-12.8%) $377,258 (-1.8%) 0.00 86
2019-06-01 $250,000 (-17.2%) $359,512 (-5.6%) 0.00 88
2019-07-01 $295,733 (-0.1%) $383,708 (5.0%) 0.00 93
2019-08-01 $299,079 (8.9%) $392,169 (8.1%) 0.00 92
2019-09-01 $292,847 (-1.7%) $381,257 (3.4%) 0.00 83
2019-10-01 $288,225 (3.0%) $369,844 (4.2%) 0.00 78
2019-11-01 $275,000 (-5.0%) $388,013 (10.3%) 0.00 79
2019-12-01 $276,000 (2.6%) $405,553 (20.6%) 0.00 76
2020-01-01 $282,250 (4.5%) $409,928 (8.9%) 0.00 74
2020-02-01 $299,000 (8.8%) $428,031 (5.7%) 0.00 73
2020-03-01 $327,000 (25.0%) $447,883 (14.3%) 0.00 84
2020-04-01 $301,488 (18.9%) $432,150 (13.5%) 0.00 90
2020-05-01 $298,475 (19.6%) $427,603 (13.4%) 0.00 95
2020-06-01 $279,000 (11.6%) $424,509 (18.1%) 0.00 85
2020-07-01 $306,250 (3.6%) $431,662 (12.5%) 0.00 78
2020-08-01 $291,000 (-2.7%) $399,694 (1.9%) 0.00 68
2020-09-01 $297,750 (1.7%) $409,770 (7.5%) 0.00 66
2020-10-01 $299,500 (3.9%) $398,116 (7.6%) 0.00 63
2020-11-01 $282,250 (2.6%) $342,367 (-11.8%) 0.00 58
2020-12-01 $282,600 (2.4%) $350,567 (-13.6%) 0.00 55
2021-01-01 $299,000 (5.9%) $353,932 (-13.7%) 0.00 46
2021-02-01 $272,869 (-8.7%) $333,340 (-22.1%) 0.00 55
2021-03-01 $272,675 (-16.6%) $372,612 (-16.8%) 0.00 53
2021-04-01 $302,500 (0.3%) $412,416 (-4.6%) 0.00 36
2021-05-01 $310,000 (3.9%) $434,887 (1.7%) 0.00 25
2021-06-01 $313,500 (12.4%) $431,337 (1.6%) 0.00 30
2021-07-01 $318,000 (3.8%) $436,064 (1.0%) 0.00 30
2021-08-01 $374,500 (28.7%) $462,638 (15.8%) 0.00 40
2021-09-01 $374,000 (25.6%) $478,753 (16.8%) 0.00 52
2021-10-01 $375,450 (25.4%) $475,049 (19.3%) 0.00 57
2021-11-01 $329,000 (16.6%) $443,068 (29.4%) 0.00 52
2021-12-01 $354,575 (25.5%) $429,218 (22.4%) 0.00 55
2022-01-01 $344,000 (15.1%) $439,042 (24.1%) 0.00 47
2022-02-01 $319,504 (17.1%) $423,781 (27.1%) 0.00 44
2022-03-01 $299,500 (9.8%) $417,514 (12.1%) 0.00 41
2022-04-01 $299,000 (-1.2%) $395,711 (-4.1%) 0.00 35
2022-05-01 $320,723 (3.5%) $442,278 (1.7%) 0.00 45
2022-06-01 $322,500 (2.9%) $449,000 (4.1%) 0.00 65
2022-07-01 $327,000 (2.8%) $445,896 (2.3%) 0.00 77
2022-08-01 $321,000 (-14.3%) $443,975 (-4.0%) 0.00 83
2022-09-01 $336,875 (-9.9%) $473,717 (-1.1%) 0.00 88
2022-10-01 $325,000 (-13.4%) $469,620 (-1.1%) 0.00 97
2022-11-01 $319,950 (-2.8%) $445,809 (0.6%) 0.00 95
Brenham's median listing price for 2022-11-01 was $319,950, a difference of $-9,050 (-2.8%) versus the prior year and $-5,050 versus the prior month.

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

Brenham's average listing price for 2022-11-01 was $445,809, a difference of $2,741 (0.6%) versus the prior year and $-23,811 versus the prior month.

For the 2022-11-01 period, Brenham had 95 MLS listings, a difference of -2 listings (-2%) versus the prior month and 43 listings (83%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Brenham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,268 sqft
2018-02-01 0 days 2,268 sqft
2018-03-01 0 days 2,241 sqft
2018-04-01 0 days 2,372 sqft
2018-05-01 0 days 2,303 sqft
2018-06-01 0 days 2,397 sqft
2018-07-01 0 days 2,298 sqft
2018-08-01 0 days 2,155 sqft
2018-09-01 0 days 2,132 sqft
2018-10-01 0 days 2,194 sqft
2018-11-01 0 days 2,286 sqft
2018-12-01 0 days 2,149 sqft
2019-01-01 0 days 2,131 sqft
2019-02-01 0 days 2,105 sqft
2019-03-01 0 days 2,056 sqft
2019-04-01 0 days 1,985 sqft
2019-05-01 0 days 1,939 sqft
2019-06-01 0 days 1,954 sqft
2019-07-01 0 days 2,082 sqft
2019-08-01 0 days 2,091 sqft
2019-09-01 0 days 2,091 sqft
2019-10-01 0 days 2,091 sqft
2019-11-01 0 days 1,935 sqft
2019-12-01 0 days 1,941 sqft
2020-01-01 0 days 1,949 sqft
2020-02-01 0 days 2,072 sqft
2020-03-01 0 days 2,100 sqft
2020-04-01 0 days 2,089 sqft
2020-05-01 0 days 2,094 sqft
2020-06-01 0 days 2,097 sqft
2020-07-01 0 days 2,103 sqft
2020-08-01 0 days 2,073 sqft
2020-09-01 0 days 2,093 sqft
2020-10-01 0 days 2,101 sqft
2020-11-01 0 days 2,041 sqft
2020-12-01 0 days 1,889 sqft
2021-01-01 0 days 1,850 sqft
2021-02-01 0 days 1,865 sqft
2021-03-01 0 days 1,857 sqft
2021-04-01 0 days 1,808 sqft
2021-05-01 0 days 1,863 sqft
2021-06-01 0 days 1,812 sqft
2021-07-01 0 days 1,722 sqft
2021-08-01 0 days 1,987 sqft
2021-09-01 0 days 2,042 sqft
2021-10-01 0 days 1,895 sqft
2021-11-01 0 days 1,879 sqft
2021-12-01 0 days 1,829 sqft
2022-01-01 0 days 1,816 sqft
2022-02-01 0 days 1,816 sqft
2022-03-01 0 days 1,816 sqft
2022-04-01 0 days 1,632 sqft
2022-05-01 0 days 1,770 sqft
2022-06-01 0 days 1,829 sqft
2022-07-01 0 days 1,817 sqft
2022-08-01 0 days 1,783 sqft
2022-09-01 0 days 1,824 sqft
2022-10-01 0 days 1,863 sqft
2022-11-01 0 days 1,829 sqft
Brenham's median listing age (time on market) for 2022-11-01 was 0 days.

Brenham's median square footage for active listings during the 2022-11-01 period was 1,829 sqft. One year prior, the average listing was 1,879 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.