Brownsville VA Loans

BROWNSVILLE-HARLINGEN, 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.

Brownsville's 92 lenders originated 684 VA loans during 2021. The total origination value was $156,710,000, with an average VA loan value of $229,108.

Brownsville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Brownsville averaged 5.43% 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 5.46% and one month ago for the week of 2022-04-08, the average rate was 4.99%.

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 5.4%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 85 2.99% $5,382
FREEDOM MORTGAGE CORPORATION 44 2.42% $5,269
PENNYMAC LOAN SERVICES, LLC 39 2.45% $4,476
QUICKEN LOANS, LLC 30 2.43% $3,824
USAA Federal Savings Bank 30 2.80% $6,078
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 3.01% $5,739
NATIONS RELIABLE LENDING, LLC 18 3.39% $5,721
NAVY FEDERAL CREDIT UNION 17 2.48% $5,004
ACADEMY MORTGAGE CORPORATION 17 3.15% $5,878
PLANET HOME LENDING, LLC 16 3.10% $6,240
Hometown Lenders, Inc. 14 3.11% $8,597
UNITED WHOLESALE MORTGAGE, LLC 11 2.48% $4,947
CLEARPATH LENDING 11 2.41% $3,026
NEW DAY FINANCIAL, LLC 10 2.35% $3,907
Wells Fargo Bank 8 2.59% $3,327
VILLAGE CAPITAL & INVESTMENT LLC 8 2.34% $2,032
NEWREZ LLC 7 2.48% $2,942
Barrington Bank & Trust Company, N.A. 7 2.79% $3,288
WILLOW BEND MORTGAGE COMPANY, LLC 7 2.89% $9,113
LOANDEPOT.COM, LLC 7 2.55% $5,277
SECURITYNATIONAL MORTGAGE COMPANY 6 3.25% $10,042
Mr. Cooper ( Nationstar Mortgage ) 6 3.04% $3,859
HOME POINT FINANCIAL CORPORATION 6 2.48% $6,355
Low VA Rates, LLC 6 2.25% $4,420
CALIBER HOME LOANS, INC. 6 2.40% $4,963
Flagstar Bank, FSB 6 2.39% $4,882
AMCAP MORTGAGE, LTD. 6 3.67% $9,375
PLAZA HOME MORTGAGE, INC. 6 2.62% $4,242
THRIVE MORTGAGE, LLC 5 3.13% $7,126
DIRECTIONS EQUITY, LLC 5 3.38% $5,484
LAKEVIEW LOAN SERVICING, LLC 5 2.50% $3,349
BROKER SOLUTIONS, INC. 4 2.44% $9,113
GUARANTEED RATE, INC. 4 2.81% $5,794
Goldwater Bank, N.A. 4 2.94% $9,027
DRAPER AND KRAMER MORTGAGE CORP. 4 3.09% $12,847
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 4.00% $7,592
AMERICAN PACIFIC MORTGAGE CORPORATION 4 3.25% $5,997
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.91% $9,693
Gateway First Bank 4 2.91% $4,104
LEADERONE FINANCIAL CORPORATION 3 2.79% $5,510
Lakeview Community Capital, LLC 3 2.46% $2,342
CROSSCOUNTRY MORTGAGE, LLC 3 3.08% $6,402
AMERISAVE MORTGAGE CORPORATION 3 2.42% $8,235
S1L, Inc. 3 3.38% $5,295
PENTAGON FEDERAL CREDIT UNION 2 2.50% $959
GUILD MORTGAGE COMPANY 2 2.69% $4,268
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.25% $5,558
First Guaranty Mortgage Corporation 2 2.50% $1,608
InterContinental Capital Group, Inc 2 2.25% $3,295
Wyndham Capital Mortgage, Inc. 2 2.56% $1,354
FINANCE OF AMERICA MORTGAGE LLC 2 2.88% $9,082
EVERETT FINANCIAL, INC. 2 3.50% $6,496
NATIONS DIRECT MORTGAGE, LLC 2 3.75% $7,128
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.75% $3,566
AMERICAN FINANCIAL NETWORK, INC. 2 2.31% $5,985
MICHIGAN MUTUAL, INC. 1 3.00% $5,701
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $1,767
GUARANTEED RATE AFFINITY, LLC 1 2.50% $2,076
Nations Lending Corporation 1 2.25% $14,692
LOANPAL, LLC 1 2.75% $3,328
Credence Funding Corporation 1 2.38% $2,669
NBKC BANK 1 2.75% $16,152
NETWORK CAPITAL FUNDING CORPORATION 1 2.38% $5,779
CMG MORTGAGE, INC. 1 3.75% $15,315
Citizens Bank 1 2.75% $5,024
NP, Inc. 1 2.25% $5,304
Paramount Residential Mortgage Group, Inc. 1 2.25% $3,240
Century Mortgage Company DBA Century Lending Company 1 2.38% $1,817
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.75% $1,064
Carrington Mortgage Services, LLC 1 3.75% $7,291
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $11,119
ACCELERATE MORTGAGE, LLC 1 2.25% $4,080
KS StateBank 1 2.25% $918
RB MORTGAGE LLC 1 2.50% $5,483
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $4,988
KELLER MORTGAGE, LLC 1 2.75% $2,226
Austin Capital Bank SSB 1 2.63% $1,570
Stride Bank 1 3.00% $20,657
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $4,378
The Federal Savings Bank 1 2.25% $6,091
ASPIRE FINANCIAL, INC. 1 2.88% $8,807
Town Square Mortgage & Investments, Inc. 1 3.25% $970
TruHome Solutions, LLC 1 3.25% $3,918
UNION HOME MORTGAGE CORP. 1 2.25% $4,416
INTERLINC MORTGAGE SERVICES, LLC 1 3.13% $6,283
INTERCAP LENDING INC. 1 3.00% $6,139
U.S. Bank 1 2.38% $4,032
HAMILTON HOME LOANS, INC. 1 3.50% $12,785
Wallick & Volk, Inc. 1 2.29% $3,787
Mid-Continent Funding, Inc. 1 3.00% $6,604
Equity Prime Mortgage LLC 1 3.88% $2,579
MID AMERICA MORTGAGE, INC. 1 2.99% $3,464

The top Brownsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 85 VA loans originated. Their average total fees are $5,382, which is $113 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Brownsville VA lenders (with over 10 loans originated) are CLEARPATH LENDING ($3,026), QUICKEN LOANS, LLC ($3,824), NEW DAY FINANCIAL, LLC ($3,907), PENNYMAC LOAN SERVICES, LLC ($4,476) and UNITED WHOLESALE MORTGAGE, LLC ($4,947).

The lowest rate Brownsville VA lenders (with over 10 loans originated) are NEW DAY FINANCIAL, LLC (2.35%), CLEARPATH LENDING (2.41%), FREEDOM MORTGAGE CORPORATION (2.42%), QUICKEN LOANS, LLC (2.43%) and PENNYMAC LOAN SERVICES, LLC (2.45%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Brownsville (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 $215,000 (8.6%) $297,178 (3.3%) 0.79 1,876
2018-02-01 $217,000 (9.5%) $298,759 (2.8%) 0.78 1,886
2018-03-01 $219,900 (10.3%) $312,323 (5.9%) 0.76 1,865
2018-04-01 $222,000 (7.0%) $314,268 (6.6%) 0.75 1,810
2018-05-01 $229,750 (6.9%) $321,586 (7.9%) 0.77 1,801
2018-06-01 $239,000 (8.7%) $324,761 (5.5%) 0.80 1,836
2018-07-01 $239,000 (8.7%) $322,783 (5.0%) 0.80 1,860
2018-08-01 $234,000 (6.4%) $319,285 (4.1%) 0.78 1,852
2018-09-01 $228,000 (3.7%) $316,279 (4.0%) 0.76 1,779
2018-10-01 $229,000 (6.5%) $326,640 (7.8%) 0.77 1,747
2018-11-01 $228,500 (4.3%) $320,363 (5.1%) 0.77 1,742
2018-12-01 $227,500 (3.5%) $315,457 (3.2%) 0.78 1,700
2019-01-01 $224,450 (4.4%) $308,422 (3.8%) 0.77 1,618
2019-02-01 $224,000 (3.2%) $310,619 (4.0%) 0.75 1,637
2019-03-01 $229,386 (4.3%) $314,286 (0.6%) 0.75 1,638
2019-04-01 $229,950 (3.6%) $314,347 (0.0%) 0.72 1,651
2019-05-01 $234,950 (2.3%) $317,554 (-1.3%) 0.72 1,652
2019-06-01 $234,900 (-1.7%) $319,745 (-1.5%) 0.72 1,675
2019-07-01 $239,450 (0.2%) $327,692 (1.5%) 0.74 1,616
2019-08-01 $240,500 (2.8%) $335,090 (5.0%) 0.76 1,593
2019-09-01 $243,750 (6.9%) $343,925 (8.7%) 0.77 1,565
2019-10-01 $244,500 (6.8%) $346,125 (6.0%) 0.78 1,551
2019-11-01 $244,900 (7.2%) $342,639 (7.0%) 0.79 1,525
2019-12-01 $239,700 (5.4%) $337,558 (7.0%) 0.80 1,532
2020-01-01 $239,000 (6.5%) $333,302 (8.1%) 0.80 1,450
2020-02-01 $239,000 (6.7%) $336,828 (8.4%) 0.77 1,452
2020-03-01 $249,000 (8.6%) $335,382 (6.7%) 0.78 1,420
2020-04-01 $248,750 (8.2%) $335,684 (6.8%) 0.77 1,397
2020-05-01 $255,000 (8.5%) $415,673 (30.9%) 0.77 1,348
2020-06-01 $265,388 (13.0%) $428,097 (33.9%) 0.78 1,191
2020-07-01 $268,750 (12.2%) $443,605 (35.4%) 0.77 1,080
2020-08-01 $259,000 (7.7%) $458,524 (36.8%) 0.74 1,015
2020-09-01 $265,000 (8.7%) $471,317 (37.0%) 0.76 963
2020-10-01 $264,000 (8.0%) $459,337 (32.7%) 0.75 887
2020-11-01 $264,500 (8.0%) $464,263 (35.5%) 0.76 855
2020-12-01 $269,895 (12.6%) $469,778 (39.2%) 0.79 821
2021-01-01 $275,000 (15.1%) $478,717 (43.6%) 0.81 710
2021-02-01 $272,450 (14.0%) $450,327 (33.7%) 0.78 636
2021-03-01 $270,750 (8.7%) $462,414 (37.9%) 0.76 581
2021-04-01 $281,750 (13.3%) $498,792 (48.6%) 0.76 494
2021-05-01 $297,000 (16.5%) $536,180 (29.0%) 0.78 421
2021-06-01 $298,450 (12.5%) $542,813 (26.8%) 0.78 392
2021-07-01 $297,000 (10.5%) $536,151 (20.9%) 0.77 449
2021-08-01 $297,000 (14.7%) $516,982 (12.8%) 0.78 499
2021-09-01 $299,000 (12.8%) $509,005 (8.0%) 0.79 517
2021-10-01 $294,000 (11.4%) $517,058 (12.6%) 0.77 535
2021-11-01 $300,000 (13.4%) $530,713 (14.3%) 0.79 529
2021-12-01 $305,000 (13.0%) $550,528 (17.2%) 0.81 522
2022-01-01 $325,000 (18.2%) $577,918 (20.7%) 0.87 457
2022-02-01 $325,000 (19.3%) $580,656 (28.9%) 0.83 460
2022-03-01 $325,000 (20.0%) $582,848 (26.0%) 0.80 450
2022-04-01 $329,000 (16.8%) $573,001 (14.9%) 0.77 483
Brownsville's median listing price for 2022-04-01 was $329,000, a difference of $47,250 (16.8%) versus the prior year and $4,000 versus the prior month.

Brownsville's median listing price comes in at 77% of the national average.

Brownsville's average listing price for 2022-04-01 was $573,001, a difference of $74,209 (14.9%) versus the prior year and $-9,847 versus the prior month.

For the 2022-04-01 period, Brownsville had 483 MLS listings, a difference of 33 listings (7%) versus the prior month and -11 listings (-2%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Brownsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 135 days 1,638 sqft
2018-02-01 136 days 1,627 sqft
2018-03-01 134 days 1,650 sqft
2018-04-01 128 days 1,670 sqft
2018-05-01 117 days 1,680 sqft
2018-06-01 119 days 1,700 sqft
2018-07-01 121 days 1,713 sqft
2018-08-01 122 days 1,698 sqft
2018-09-01 127 days 1,693 sqft
2018-10-01 132 days 1,705 sqft
2018-11-01 137 days 1,707 sqft
2018-12-01 144 days 1,703 sqft
2019-01-01 138 days 1,689 sqft
2019-02-01 126 days 1,660 sqft
2019-03-01 127 days 1,649 sqft
2019-04-01 114 days 1,644 sqft
2019-05-01 107 days 1,659 sqft
2019-06-01 102 days 1,689 sqft
2019-07-01 109 days 1,692 sqft
2019-08-01 114 days 1,697 sqft
2019-09-01 115 days 1,714 sqft
2019-10-01 115 days 1,716 sqft
2019-11-01 108 days 1,720 sqft
2019-12-01 114 days 1,723 sqft
2020-01-01 115 days 1,720 sqft
2020-02-01 115 days 1,748 sqft
2020-03-01 102 days 1,773 sqft
2020-04-01 104 days 1,733 sqft
2020-05-01 107 days 1,776 sqft
2020-06-01 114 days 1,802 sqft
2020-07-01 106 days 1,827 sqft
2020-08-01 96 days 1,820 sqft
2020-09-01 99 days 1,900 sqft
2020-10-01 101 days 1,837 sqft
2020-11-01 102 days 1,914 sqft
2020-12-01 106 days 1,853 sqft
2021-01-01 108 days 1,887 sqft
2021-02-01 89 days 1,889 sqft
2021-03-01 88 days 1,940 sqft
2021-04-01 63 days 2,007 sqft
2021-05-01 50 days 2,030 sqft
2021-06-01 54 days 2,002 sqft
2021-07-01 44 days 1,944 sqft
2021-08-01 48 days 1,924 sqft
2021-09-01 50 days 1,965 sqft
2021-10-01 53 days 1,942 sqft
2021-11-01 53 days 1,914 sqft
2021-12-01 56 days 1,898 sqft
2022-01-01 66 days 2,004 sqft
2022-02-01 58 days 1,925 sqft
2022-03-01 51 days 1,883 sqft
2022-04-01 46 days 1,856 sqft
Brownsville's median listing age (time on market) for 2022-04-01 was 46 days. This is -27% shorter than the same period one year ago.

Brownsville's median square footage for active listings during the 2022-04-01 period was 1,856 sqft. One year prior, the average listing was 2,007 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.