Brownsville VA Loan Rates, Closing Costs & Stats

BROWNSVILLE-HARLINGEN, 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.

    Brownsville's 67 lenders originated 410 VA loans during 2024. The total origination value was $127,350,000, with an average VA loan value of $310,610.

    Brownsville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Brownsville averaged 0.18% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Brownsville's average VA mortgage closing costs are $5,649.

    The average rate for the prior week (2025-06-13) was 6.93% and one month ago for the week of 2025-05-16, the average rate was 6.79%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.2%.

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

    Brownsville 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 Brownsville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 89 6.47% $5,098
    UNITED WHOLESALE MORTGAGE, LLC 46 6.12% $5,841
    FREEDOM MORTGAGE CORPORATION 28 5.99% $5,680
    NAVY FEDERAL CREDIT UNION 15 5.99% $4,390
    DAS Acquisition Company, LLC 13 6.12% $7,078
    QUICKEN LOANS, LLC 12 5.70% $7,103
    MORTGAGE SOLUTIONS OF COLORADO, LLC 12 7.34% $5,018
    NATIONS RELIABLE LENDING, LLC 11 6.41% $8,216
    CMG MORTGAGE, INC. 11 6.36% $10,710
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.14% $8,254
    PENNYMAC LOAN SERVICES, LLC 9 5.39% $8,102
    CROSSCOUNTRY MORTGAGE, LLC 9 6.30% $5,870
    USAA Federal Savings Bank 8 6.22% $10,869
    VILLAGE CAPITAL MORTGAGE 8 5.56% $5,963
    GUARANTEED RATE, INC. 6 6.23% $23,075
    SECURITYNATIONAL MORTGAGE COMPANY 6 6.50% $11,346
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.46% $11,384
    DIRECTIONS EQUITY, LLC 6 6.25% $6,097
    PLANET HOME LENDING, LLC 5 5.65% $4,223
    NBKC BANK 5 6.17% $4,187
    MOVEMENT MORTGAGE, LLC 5 6.05% $5,349
    WILLOW BEND MORTGAGE COMPANY, LLC 5 6.43% $9,055
    GENEVA FINANCIAL, LLC 4 7.31% $5,360
    PLAZA HOME MORTGAGE, INC. 4 5.46% $5,424
    Nations Lending Corporation 3 7.04% $10,848
    Flagstar Bank, FSB 3 5.83% $13,999
    GUILD MORTGAGE COMPANY 3 7.08% $8,423
    HALLMARK HOME MORTGAGE, LLC 3 6.42% $9,419
    HOMESIDE FINANCIAL, LLC 3 6.75% $14,069
    JPMorgan Chase Bank 3 6.12% $6,207
    Mr. Cooper ( Nationstar Mortgage ) 3 5.21% $3,157
    Mid-Continent Funding, Inc. 2 6.00% $11,706
    SUN WEST MORTGAGE COMPANY, INC. 2 5.81% $4,163
    SOUTHWEST FUNDING, LP 2 6.75% $10,636
    Plains Commerce Bank 2 6.13% $9,670
    NEWREZ LLC 2 6.19% $3,317
    Lakeview Community Capital, LLC 2 6.00% $5,013
    ZILLOW HOME LOANS, LLC 1 6.75% $7,190
    ALLIED MORTGAGE GROUP, INC. 1 5.25% $11,624
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $462
    AmeriHome Mortgage Company, LLC 1 6.63% $2,682
    ASCENT HOME LENDING, LLC 1 6.25% $16,531
    Barrington Bank & Trust Company, N.A. 1 6.25% $3,524
    Carrington Mortgage Services, LLC 1 5.63% $10,410
    Century Mortgage Company DBA Century Lending Company 1 6.50% $1,217
    CORNERSTONE HOME LENDING, INC. 1 6.07% $9,142
    Credence Funding Corporation 1 5.88% $5,275
    Equity Prime Mortgage LLC 1 6.00% $0
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $12,853
    Gateway First Bank 1 6.63% $9,410
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.75% $4,517
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $12,679
    HomePromise Corporation 1 7.50% $865
    MORTGAGEONE, INC. 1 6.25% $11,557
    NEW FED MORTGAGE, CORP. 1 6.63% $15,784
    Paramount Residential Mortgage Group, Inc. 1 5.99% $13,597
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $7,533
    PNC Bank 1 6.38% $16,415
    PREMIA MORTGAGE, LLC 1 5.50% $3,385
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.13% $11,621
    S1L, Inc. 1 7.13% $8,083
    Stride Bank 1 6.25% $6,526
    The Loan Store, Inc. 1 5.63% $13,322
    UNIVERSITY Federal Credit Union 1 6.13% $3,809
    U.S. Bank 1 5.99% $4,225
    Wallick & Volk, Inc. 1 5.95% $7,643
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $7,770

    The top Brownsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 89 VA loans originated. Their average total fees are $5,098, which is $743 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Brownsville VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,390), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,018), Mortgage Research Center, LLC ($5,098), FREEDOM MORTGAGE CORPORATION ($5,680) and UNITED WHOLESALE MORTGAGE, LLC ($5,841).

    The lowest rate Brownsville VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.70%), FREEDOM MORTGAGE CORPORATION (5.99%), NAVY FEDERAL CREDIT UNION (5.99%), DAS Acquisition Company, LLC (6.12%) and UNITED WHOLESALE MORTGAGE, LLC (6.12%).

    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.