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 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.