Brownsville VA Loan Rates, Closing Costs & Stats

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 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 69 lenders originated 395 VA loans during 2022. The total origination value was $106,365,000, with an average VA loan value of $269,278.

Brownsville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Brownsville averaged 6.21% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Brownsville's average VA mortgage closing costs are $5,088.

The average rate for the prior week (2024-02-23) was 6.24% and one month ago for the week of 2024-01-26, the average rate was 6.07%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.83%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 101 5.24% $6,728
NAVY FEDERAL CREDIT UNION 21 4.48% $5,663
UNITED WHOLESALE MORTGAGE, LLC 16 4.43% $5,900
QUICKEN LOANS, LLC 15 3.80% $8,730
FREEDOM MORTGAGE CORPORATION 14 4.14% $7,555
ACADEMY MORTGAGE CORPORATION 14 5.54% $8,845
PENNYMAC LOAN SERVICES, LLC 13 3.15% $4,242
USAA Federal Savings Bank 12 3.92% $5,565
DRAPER AND KRAMER MORTGAGE CORP. 12 4.82% $7,295
MORTGAGE SOLUTIONS OF COLORADO, LLC 11 5.51% $10,815
PLANET HOME LENDING, LLC 9 4.65% $6,501
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 4.92% $5,275
Hometown Lenders, Inc. 8 5.09% $6,310
NATIONS RELIABLE LENDING, LLC 8 5.84% $7,774
FINANCE OF AMERICA MORTGAGE LLC 8 4.72% $9,864
Wells Fargo Bank 5 5.08% $8,109
AMCAP MORTGAGE, LTD. 5 5.40% $11,361
SECURITYNATIONAL MORTGAGE COMPANY 5 5.33% $12,551
S1L, Inc. 4 5.50% $11,398
GUARANTEED RATE, INC. 4 4.69% $4,481
CMG MORTGAGE, INC. 4 5.22% $10,850
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.41% $6,569
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 5.18% $11,573
Mid-Continent Funding, Inc. 4 4.94% $11,471
CALIBER HOME LOANS, INC. 3 3.85% $5,348
EVERETT FINANCIAL, INC. 3 5.54% $5,518
Flagstar Bank, FSB 3 3.38% $5,652
MOVEMENT MORTGAGE, LLC 3 5.79% $9,117
WILLOW BEND MORTGAGE COMPANY, LLC 3 4.96% $9,515
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.19% $3,236
HOME POINT FINANCIAL CORPORATION 2 2.44% $3,142
PENTAGON FEDERAL CREDIT UNION 2 3.75% $6,220
NP, Inc. 2 2.50% $5,318
Barrington Bank & Trust Company, N.A. 2 2.64% $2,620
Carrington Mortgage Services, LLC 2 4.00% $4,245
VILLAGE CAPITAL MORTGAGE 2 3.56% $1,746
Paramount Residential Mortgage Group, Inc. 2 5.37% $17,683
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.25% $8,867
DIRECTIONS EQUITY, LLC 1 3.88% $7,613
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $9,600
Armed Forces Bank 1 4.50% $4,155
NATIONS DIRECT MORTGAGE, LLC 1 5.13% $7,904
CORNERSTONE HOME LENDING, INC. 1 6.75% $6,225
CLEARPATH LENDING 1 2.75% $3,217
NETWORK CAPITAL FUNDING CORPORATION 1 4.75% $1,833
NEW DAY FINANCIAL, LLC 1 3.25% $21,260
Century Mortgage Company DBA Century Lending Company 1 4.25% $9,278
Plains Commerce Bank 1 4.38% $10,461
PNC Bank 1 3.50% $4,490
CARDINAL FINANCIAL 1 4.25% $4,778
BROKER SOLUTIONS, INC. 1 4.49% $11,433
BAY EQUITY LLC 1 4.99% $8,673
Servion, Inc. 1 4.75% $6,213
SUMMIT FUNDING, INC. 1 5.75% $13,638
Texas Regional Bank 1 3.25% $4,636
The Home Loan Expert LLC 1 6.75% $5,418
THRIVE MORTGAGE, LLC 1 5.50% $13,079
Town Square Mortgage & Investments, Inc. 1 5.25% $23,911
Bank of England 1 4.50% $27,951
HALLMARK HOME MORTGAGE, LLC 1 6.75% $14,961
HAMILTON HOME LOANS, INC. 1 5.25% $17,067
HOMESIDE FINANCIAL, LLC 1 4.00% $3,833
Goldwater Bank, N.A. 1 7.25% $15,920
JMAC LENDING, INC. 1 4.88% $6,321
KELLER MORTGAGE, LLC 1 5.13% $5,297
Lakeview Community Capital, LLC 1 3.88% $1,917
Low VA Rates, LLC 1 5.25% $7,394
MID AMERICA MORTGAGE, INC. 1 5.75% $3,564
First Guaranty Mortgage Corporation 1 2.75% $14,055

The top Brownsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 101 VA loans originated. Their average total fees are $6,728, which is $1,065 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Brownsville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($4,242), USAA Federal Savings Bank ($5,565), NAVY FEDERAL CREDIT UNION ($5,663), UNITED WHOLESALE MORTGAGE, LLC ($5,900) and Mortgage Research Center, LLC ($6,728).

The lowest rate Brownsville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.15%), QUICKEN LOANS, LLC (3.80%), USAA Federal Savings Bank (3.92%), FREEDOM MORTGAGE CORPORATION (4.14%) and UNITED WHOLESALE MORTGAGE, LLC (4.43%).


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 $200,000 (2.6%) $282,802 (2.6%) 0.74 1,594
2018-02-01 $204,374 (5.4%) $284,402 (2.8%) 0.74 1,610
2018-03-01 $209,000 (6.4%) $294,820 (4.7%) 0.73 1,608
2018-04-01 $209,974 (5.3%) $297,318 (4.5%) 0.71 1,567
2018-05-01 $221,950 (8.3%) $304,156 (5.5%) 0.74 1,561
2018-06-01 $225,000 (6.5%) $308,066 (3.8%) 0.75 1,603
2018-07-01 $224,975 (7.1%) $307,151 (3.3%) 0.75 1,631
2018-08-01 $221,000 (8.1%) $305,779 (4.6%) 0.74 1,637
2018-09-01 $215,000 (7.6%) $302,495 (4.3%) 0.72 1,583
2018-10-01 $218,448 (9.3%) $308,371 (6.7%) 0.74 1,559
2018-11-01 $217,900 (6.7%) $305,311 (5.3%) 0.74 1,556
2018-12-01 $215,000 (3.6%) $301,647 (4.2%) 0.74 1,521
2019-01-01 $212,500 (6.3%) $298,967 (5.7%) 0.73 1,458
2019-02-01 $214,675 (5.0%) $299,483 (5.3%) 0.73 1,472
2019-03-01 $221,786 (6.1%) $303,218 (2.9%) 0.73 1,475
2019-04-01 $224,925 (7.1%) $303,462 (2.1%) 0.71 1,486
2019-05-01 $229,950 (3.6%) $308,495 (1.4%) 0.72 1,477
2019-06-01 $229,900 (2.2%) $309,575 (0.5%) 0.72 1,490
2019-07-01 $232,000 (3.1%) $318,034 (3.5%) 0.73 1,420
2019-08-01 $232,818 (5.4%) $322,228 (5.4%) 0.74 1,402
2019-09-01 $234,045 (8.9%) $327,031 (8.1%) 0.75 1,382
2019-10-01 $237,000 (8.5%) $332,147 (7.7%) 0.76 1,355
2019-11-01 $235,000 (7.9%) $326,907 (7.1%) 0.77 1,321
2019-12-01 $229,975 (7.0%) $320,188 (6.2%) 0.77 1,324
2020-01-01 $229,315 (7.9%) $319,019 (6.7%) 0.77 1,260
2020-02-01 $230,000 (7.1%) $319,744 (6.8%) 0.75 1,271
2020-03-01 $239,125 (7.8%) $326,932 (7.8%) 0.75 1,242
2020-04-01 $239,000 (6.3%) $326,689 (7.7%) 0.75 1,216
2020-05-01 $245,900 (6.9%) $365,176 (18.4%) 0.75 1,178
2020-06-01 $250,000 (8.7%) $371,113 (19.9%) 0.74 1,017
2020-07-01 $256,000 (10.3%) $375,911 (18.2%) 0.74 933
2020-08-01 $249,000 (7.0%) $367,748 (14.1%) 0.71 873
2020-09-01 $249,000 (6.4%) $373,373 (14.2%) 0.71 819
2020-10-01 $249,900 (5.4%) $379,767 (14.3%) 0.72 761
2020-11-01 $249,450 (6.2%) $383,033 (17.2%) 0.73 740
2020-12-01 $249,949 (8.7%) $386,507 (20.7%) 0.74 713
2021-01-01 $255,660 (11.5%) $395,026 (23.8%) 0.76 622
2021-02-01 $260,000 (13.0%) $397,601 (24.4%) 0.76 565
2021-03-01 $257,725 (7.8%) $403,916 (23.6%) 0.73 521
2021-04-01 $260,000 (8.8%) $427,622 (30.9%) 0.70 444
2021-05-01 $279,000 (13.5%) $468,097 (28.2%) 0.74 368
2021-06-01 $279,000 (11.6%) $469,771 (26.6%) 0.73 352
2021-07-01 $286,000 (11.7%) $473,219 (25.9%) 0.75 407
2021-08-01 $286,675 (15.1%) $462,601 (25.8%) 0.76 439
2021-09-01 $292,000 (17.3%) $463,792 (24.2%) 0.78 464
2021-10-01 $282,500 (13.1%) $470,175 (23.8%) 0.75 465
2021-11-01 $294,750 (18.2%) $478,704 (25.0%) 0.79 457
2021-12-01 $296,000 (18.4%) $491,233 (27.1%) 0.80 452
2022-01-01 $299,950 (17.3%) $519,096 (31.4%) 0.81 408
2022-02-01 $304,975 (17.3%) $520,426 (30.9%) 0.79 405
2022-03-01 $321,000 (24.6%) $523,280 (29.6%) 0.80 405
2022-04-01 $325,000 (25.0%) $521,244 (21.9%) 0.77 427
2022-05-01 $323,348 (15.9%) $487,061 (4.1%) 0.74 462
2022-06-01 $339,475 (21.7%) $469,147 (-0.1%) 0.76 544
2022-07-01 $325,000 (13.6%) $463,121 (-2.1%) 0.73 613
2022-08-01 $325,000 (13.4%) $456,254 (-1.4%) 0.75 686
2022-09-01 $328,125 (12.4%) $449,899 (-3.0%) 0.77 714
2022-10-01 $320,500 (13.5%) $428,637 (-8.8%) 0.75 820
2022-11-01 $322,500 (9.4%) $425,513 (-11.1%) 0.78 865
2022-12-01 $320,000 (8.1%) $421,370 (-14.2%) 0.79 862
2023-01-01 $317,475 (5.8%) $420,103 (-19.1%) 0.79 862
2023-02-01 $319,000 (4.6%) $419,433 (-19.4%) 0.77 879
2023-03-01 $319,000 (-0.6%) $418,534 (-20.0%) 0.75 862
2023-04-01 $324,700 (-0.1%) $428,534 (-17.8%) 0.76 824
2023-05-01 $325,000 (0.5%) $434,876 (-10.7%) 0.74 818
2023-06-01 $330,000 (-2.8%) $453,083 (-3.4%) 0.74 851
2023-07-01 $330,000 (1.5%) $451,746 (-2.5%) 0.75 898
2023-08-01 $325,000 (0.0%) $445,788 (-2.3%) 0.75 945
2023-09-01 $319,000 (-2.8%) $424,173 (-5.7%) 0.74 999
2023-10-01 $319,450 (-0.3%) $417,748 (-2.5%) 0.75 1,069
2023-11-01 $311,250 (-3.5%) $407,704 (-4.2%) 0.74 1,155
2023-12-01 $305,000 (-4.7%) $398,248 (-5.5%) 0.74 1,232
2024-01-01 $307,850 (-3.0%) $402,184 (-4.3%) 0.75 1,215
Brownsville's median listing price for 2024-01-01 was $307,850, a difference of $-9,625 (-3.0%) versus the prior year and $2,850 versus the prior month.

Brownsville's median listing price comes in at 75% of the national average.

Brownsville's average listing price for 2024-01-01 was $402,184, a difference of $-17,919 (-4.3%) versus the prior year and $3,936 versus the prior month.

For the 2024-01-01 period, Brownsville had 1,215 MLS listings, a difference of -17 listings (-1%) versus the prior month and 353 listings (41%) 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
2018-01-01 110 days 1,649 sqft
2018-02-01 109 days 1,643 sqft
2018-03-01 109 days 1,650 sqft
2018-04-01 95 days 1,665 sqft
2018-05-01 89 days 1,676 sqft
2018-06-01 89 days 1,700 sqft
2018-07-01 91 days 1,709 sqft
2018-08-01 94 days 1,694 sqft
2018-09-01 101 days 1,694 sqft
2018-10-01 107 days 1,709 sqft
2018-11-01 109 days 1,708 sqft
2018-12-01 115 days 1,706 sqft
2019-01-01 110 days 1,688 sqft
2019-02-01 102 days 1,670 sqft
2019-03-01 96 days 1,659 sqft
2019-04-01 92 days 1,650 sqft
2019-05-01 90 days 1,665 sqft
2019-06-01 83 days 1,693 sqft
2019-07-01 93 days 1,687 sqft
2019-08-01 96 days 1,685 sqft
2019-09-01 98 days 1,694 sqft
2019-10-01 97 days 1,705 sqft
2019-11-01 94 days 1,695 sqft
2019-12-01 96 days 1,700 sqft
2020-01-01 96 days 1,686 sqft
2020-02-01 95 days 1,732 sqft
2020-03-01 77 days 1,752 sqft
2020-04-01 87 days 1,728 sqft
2020-05-01 96 days 1,738 sqft
2020-06-01 100 days 1,783 sqft
2020-07-01 79 days 1,781 sqft
2020-08-01 81 days 1,761 sqft
2020-09-01 76 days 1,792 sqft
2020-10-01 81 days 1,800 sqft
2020-11-01 83 days 1,825 sqft
2020-12-01 81 days 1,800 sqft
2021-01-01 89 days 1,849 sqft
2021-02-01 77 days 1,833 sqft
2021-03-01 68 days 1,888 sqft
2021-04-01 48 days 1,916 sqft
2021-05-01 44 days 1,946 sqft
2021-06-01 42 days 1,910 sqft
2021-07-01 37 days 1,887 sqft
2021-08-01 46 days 1,884 sqft
2021-09-01 46 days 1,918 sqft
2021-10-01 51 days 1,871 sqft
2021-11-01 50 days 1,858 sqft
2021-12-01 55 days 1,856 sqft
2022-01-01 63 days 1,943 sqft
2022-02-01 46 days 1,883 sqft
2022-03-01 45 days 1,881 sqft
2022-04-01 40 days 1,843 sqft
2022-05-01 41 days 1,800 sqft
2022-06-01 38 days 1,849 sqft
2022-07-01 44 days 1,808 sqft
2022-08-01 47 days 1,791 sqft
2022-09-01 58 days 1,799 sqft
2022-10-01 58 days 1,820 sqft
2022-11-01 63 days 1,823 sqft
2022-12-01 72 days 1,808 sqft
2023-01-01 78 days 1,803 sqft
2023-02-01 71 days 1,800 sqft
2023-03-01 63 days 1,815 sqft
2023-04-01 66 days 1,831 sqft
2023-05-01 67 days 1,787 sqft
2023-06-01 57 days 1,801 sqft
2023-07-01 60 days 1,800 sqft
2023-08-01 66 days 1,775 sqft
2023-09-01 65 days 1,747 sqft
2023-10-01 66 days 1,758 sqft
2023-11-01 66 days 1,750 sqft
2023-12-01 67 days 1,710 sqft
2024-01-01 79 days 1,713 sqft
Brownsville's median listing age (time on market) for 2024-01-01 was 79 days. This is 1% longer than the same period one year ago.

Brownsville's median square footage for active listings during the 2024-01-01 period was 1,713 sqft. One year prior, the average listing was 1,803 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.