Brownwood VA Loan Rates, Closing Costs & Stats
Brownwood, 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.
Brownwood's 17 lenders originated 46 VA loans during 2023. The total origination value was $12,500,000, with an average VA loan value of $271,739.
Brownwood VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Brownwood
averaged
7.2%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Brownwood's average VA mortgage closing costs are $5,363.
The average rate for the prior week (2024-04-12) was
6.83% and
one month ago for the week of 2024-03-15, the
average rate was 6.59%.
The average rate one year ago was 6.58%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Brownwood 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 Brownwood level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 13 | 6.88% | $5,349 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 4 | 5.97% | $12,037 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.05% | $9,465 |
| USAA Federal Savings Bank | 3 | 6.63% | $4,359 |
| FREEDOM MORTGAGE CORPORATION | 2 | 6.50% | $11,772 |
| OPEN MORTGAGE, LLC | 2 | 6.44% | $4,822 |
| QUICKEN LOANS, LLC | 2 | 6.43% | $8,481 |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | 2 | 7.75% | $2,546 |
| AMCAP MORTGAGE, LTD. | 1 | 7.00% | $33,717 |
| VILLAGE CAPITAL MORTGAGE | 1 | 5.75% | $11,929 |
| CARDINAL FINANCIAL | 1 | 8.25% | $5,930 |
| DAS Acquisition Company, LLC | 1 | 7.50% | $8,067 |
| Equity Prime Mortgage LLC | 1 | 7.25% | $5,855 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.49% | $7,591 |
| GoPrime Mortgage, Inc. | 1 | 6.75% | $4,582 |
| MORTGAGE FINANCIAL SERVICES, LLC | 1 | 6.38% | $8,766 |
| SFMC, LP | 1 | 6.75% | $6,871 |
The top Brownwood VA lender as defined by loan originations is Mortgage Research Center, LLC, with
13 VA loans originated. Their average total fees are
$5,349, which is $6,688
lower than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee Brownwood VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($5,349), .
The lowest rate Brownwood VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.88%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Brownwood (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 | $132,500 (-7.5%) | $196,104 (-6.4%) | 0.00 | 193 |
| 2018-02-01 | $132,375 (-4.4%) | $192,212 (-14.8%) | 0.00 | 186 |
| 2018-03-01 | $135,000 (-5.9%) | $201,315 (-11.3%) | 0.00 | 186 |
| 2018-04-01 | $154,225 (6.4%) | $211,910 (-6.8%) | 0.00 | 196 |
| 2018-05-01 | $160,725 (7.2%) | $233,399 (2.5%) | 0.00 | 197 |
| 2018-06-01 | $159,900 (8.3%) | $224,853 (-0.9%) | 0.00 | 201 |
| 2018-07-01 | $161,750 (8.7%) | $227,687 (2.3%) | 0.00 | 190 |
| 2018-08-01 | $159,900 (8.5%) | $221,910 (4.1%) | 0.00 | 193 |
| 2018-09-01 | $159,900 (0.0%) | $214,905 (-4.5%) | 0.00 | 194 |
| 2018-10-01 | $145,000 (-1.3%) | $206,295 (-4.8%) | 0.00 | 177 |
| 2018-11-01 | $146,425 (6.1%) | $203,299 (-4.3%) | 0.00 | 182 |
| 2018-12-01 | $139,900 (2.5%) | $195,411 (0.3%) | 0.00 | 190 |
| 2019-01-01 | $136,325 (2.9%) | $185,974 (-5.2%) | 0.00 | 184 |
| 2019-02-01 | $134,988 (2.0%) | $182,625 (-5.0%) | 0.00 | 183 |
| 2019-03-01 | $141,257 (4.6%) | $193,096 (-4.1%) | 0.00 | 181 |
| 2019-04-01 | $148,645 (-3.6%) | $211,379 (-0.3%) | 0.00 | 178 |
| 2019-05-01 | $136,125 (-15.3%) | $210,820 (-9.7%) | 0.00 | 185 |
| 2019-06-01 | $139,000 (-13.1%) | $207,506 (-7.7%) | 0.00 | 188 |
| 2019-07-01 | $136,150 (-15.8%) | $208,212 (-8.6%) | 0.00 | 187 |
| 2019-08-01 | $147,727 (-7.6%) | $218,668 (-1.5%) | 0.00 | 178 |
| 2019-09-01 | $151,818 (-5.1%) | $230,697 (7.4%) | 0.00 | 170 |
| 2019-10-01 | $161,000 (11.0%) | $248,837 (20.6%) | 0.00 | 154 |
| 2019-11-01 | $164,950 (12.7%) | $260,337 (28.1%) | 0.00 | 143 |
| 2019-12-01 | $164,300 (17.4%) | $256,477 (31.3%) | 0.00 | 138 |
| 2020-01-01 | $151,800 (11.4%) | $254,944 (37.1%) | 0.00 | 125 |
| 2020-02-01 | $140,000 (3.7%) | $256,305 (40.3%) | 0.00 | 120 |
| 2020-03-01 | $147,450 (4.4%) | $244,870 (26.8%) | 0.00 | 123 |
| 2020-04-01 | $145,750 (-2.0%) | $232,931 (10.2%) | 0.00 | 138 |
| 2020-05-01 | $148,500 (9.1%) | $230,340 (9.3%) | 0.00 | 136 |
| 2020-06-01 | $159,225 (14.6%) | $245,297 (18.2%) | 0.00 | 123 |
| 2020-07-01 | $149,450 (9.8%) | $245,346 (17.8%) | 0.00 | 122 |
| 2020-08-01 | $153,450 (3.9%) | $277,824 (27.1%) | 0.00 | 105 |
| 2020-09-01 | $151,000 (-0.5%) | $291,257 (26.3%) | 0.00 | 104 |
| 2020-10-01 | $149,450 (-7.2%) | $310,375 (24.7%) | 0.00 | 103 |
| 2020-11-01 | $149,425 (-9.4%) | $296,523 (13.9%) | 0.00 | 103 |
| 2020-12-01 | $157,500 (-4.1%) | $299,608 (16.8%) | 0.00 | 93 |
| 2021-01-01 | $149,250 (-1.7%) | $293,197 (15.0%) | 0.00 | 78 |
| 2021-02-01 | $224,500 (60.4%) | $350,594 (36.8%) | 0.00 | 67 |
| 2021-03-01 | $210,500 (42.8%) | $350,692 (43.2%) | 0.00 | 57 |
| 2021-04-01 | $219,125 (50.3%) | $384,847 (65.2%) | 0.00 | 59 |
| 2021-05-01 | $227,000 (52.9%) | $400,806 (74.0%) | 0.00 | 63 |
| 2021-06-01 | $225,625 (41.7%) | $369,499 (50.6%) | 0.00 | 74 |
| 2021-07-01 | $227,000 (51.9%) | $340,488 (38.8%) | 0.00 | 86 |
| 2021-08-01 | $242,900 (58.3%) | $324,705 (16.9%) | 0.00 | 72 |
| 2021-09-01 | $233,625 (54.7%) | $367,993 (26.4%) | 0.00 | 64 |
| 2021-10-01 | $250,000 (67.3%) | $367,923 (18.5%) | 0.00 | 73 |
| 2021-11-01 | $222,975 (49.2%) | $322,816 (8.9%) | 0.00 | 76 |
| 2021-12-01 | $193,000 (22.5%) | $293,663 (-2.0%) | 0.00 | 75 |
| 2022-01-01 | $184,750 (23.8%) | $291,923 (-0.4%) | 0.00 | 65 |
| 2022-02-01 | $172,575 (-23.1%) | $267,711 (-23.6%) | 0.00 | 60 |
| 2022-03-01 | $199,250 (-5.3%) | $254,093 (-27.6%) | 0.00 | 52 |
| 2022-04-01 | $190,000 (-13.3%) | $258,002 (-33.0%) | 0.00 | 47 |
| 2022-05-01 | $196,888 (-13.3%) | $272,516 (-32.0%) | 0.00 | 51 |
| 2022-06-01 | $223,725 (-0.8%) | $330,629 (-10.5%) | 0.00 | 74 |
| 2022-07-01 | $264,900 (16.7%) | $360,268 (5.8%) | 0.00 | 88 |
| 2022-08-01 | $288,000 (18.6%) | $363,013 (11.8%) | 0.00 | 105 |
| 2022-09-01 | $312,450 (33.7%) | $373,692 (1.6%) | 0.00 | 95 |
| 2022-10-01 | $300,000 (20.0%) | $396,730 (7.8%) | 0.00 | 104 |
| 2022-11-01 | $280,000 (25.6%) | $375,919 (16.5%) | 0.00 | 118 |
| 2022-12-01 | $281,450 (45.8%) | $374,461 (27.5%) | 0.00 | 118 |
| 2023-01-01 | $292,625 (58.4%) | $359,653 (23.2%) | 0.00 | 117 |
| 2023-02-01 | $255,249 (47.9%) | $348,129 (30.0%) | 0.00 | 119 |
| 2023-03-01 | $269,499 (35.3%) | $338,274 (33.1%) | 0.00 | 121 |
| 2023-04-01 | $265,000 (39.5%) | $322,338 (24.9%) | 0.00 | 122 |
| 2023-05-01 | $269,025 (36.6%) | $347,072 (27.4%) | 0.00 | 127 |
| 2023-06-01 | $256,000 (14.4%) | $359,335 (8.7%) | 0.00 | 137 |
| 2023-07-01 | $249,450 (-5.8%) | $341,643 (-5.2%) | 0.00 | 153 |
| 2023-08-01 | $239,500 (-16.8%) | $357,392 (-1.6%) | 0.00 | 142 |
| 2023-09-01 | $259,000 (-17.1%) | $354,754 (-5.1%) | 0.00 | 143 |
| 2023-10-01 | $249,765 (-16.7%) | $357,864 (-9.8%) | 0.00 | 147 |
| 2023-11-01 | $260,000 (-7.1%) | $366,994 (-2.4%) | 0.00 | 148 |
| 2023-12-01 | $250,000 (-11.2%) | $344,823 (-7.9%) | 0.00 | 141 |
| 2024-01-01 | $249,950 (-14.6%) | $365,263 (1.6%) | 0.00 | 137 |
| 2024-02-01 | $249,900 (-2.1%) | $345,392 (-0.8%) | 0.00 | 153 |
| 2024-03-01 | $249,950 (-7.3%) | $363,341 (7.4%) | 0.00 | 156 |
Brownwood's median listing price comes in at 0% of the national average.
Brownwood's average listing price for 2024-03-01 was $363,341, a difference of $25,067 (7.4%) versus the prior year and $17,949 versus the prior month.
For the 2024-03-01 period, Brownwood had 156 MLS listings, a difference of 3 listings (2%) versus the prior month and 35 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brownwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,595 sqft |
| 2018-02-01 | 0 days | 1,608 sqft |
| 2018-03-01 | 0 days | 1,669 sqft |
| 2018-04-01 | 0 days | 1,718 sqft |
| 2018-05-01 | 0 days | 1,717 sqft |
| 2018-06-01 | 0 days | 1,754 sqft |
| 2018-07-01 | 0 days | 1,801 sqft |
| 2018-08-01 | 0 days | 1,797 sqft |
| 2018-09-01 | 0 days | 1,755 sqft |
| 2018-10-01 | 0 days | 1,671 sqft |
| 2018-11-01 | 0 days | 1,686 sqft |
| 2018-12-01 | 0 days | 1,680 sqft |
| 2019-01-01 | 0 days | 1,627 sqft |
| 2019-02-01 | 0 days | 1,650 sqft |
| 2019-03-01 | 0 days | 1,595 sqft |
| 2019-04-01 | 0 days | 1,618 sqft |
| 2019-05-01 | 0 days | 1,527 sqft |
| 2019-06-01 | 0 days | 1,540 sqft |
| 2019-07-01 | 0 days | 1,575 sqft |
| 2019-08-01 | 0 days | 1,598 sqft |
| 2019-09-01 | 0 days | 1,603 sqft |
| 2019-10-01 | 0 days | 1,628 sqft |
| 2019-11-01 | 0 days | 1,689 sqft |
| 2019-12-01 | 0 days | 1,671 sqft |
| 2020-01-01 | 0 days | 1,589 sqft |
| 2020-02-01 | 0 days | 1,525 sqft |
| 2020-03-01 | 0 days | 1,595 sqft |
| 2020-04-01 | 0 days | 1,556 sqft |
| 2020-05-01 | 0 days | 1,620 sqft |
| 2020-06-01 | 0 days | 1,666 sqft |
| 2020-07-01 | 0 days | 1,631 sqft |
| 2020-08-01 | 0 days | 1,623 sqft |
| 2020-09-01 | 0 days | 1,621 sqft |
| 2020-10-01 | 0 days | 1,648 sqft |
| 2020-11-01 | 0 days | 1,649 sqft |
| 2020-12-01 | 0 days | 1,727 sqft |
| 2021-01-01 | 0 days | 1,626 sqft |
| 2021-02-01 | 0 days | 1,703 sqft |
| 2021-03-01 | 0 days | 1,652 sqft |
| 2021-04-01 | 0 days | 1,664 sqft |
| 2021-05-01 | 0 days | 1,861 sqft |
| 2021-06-01 | 0 days | 1,747 sqft |
| 2021-07-01 | 0 days | 1,766 sqft |
| 2021-08-01 | 0 days | 1,755 sqft |
| 2021-09-01 | 0 days | 1,732 sqft |
| 2021-10-01 | 0 days | 1,744 sqft |
| 2021-11-01 | 0 days | 1,811 sqft |
| 2021-12-01 | 0 days | 1,693 sqft |
| 2022-01-01 | 0 days | 1,607 sqft |
| 2022-02-01 | 0 days | 1,521 sqft |
| 2022-03-01 | 0 days | 1,617 sqft |
| 2022-04-01 | 0 days | 1,568 sqft |
| 2022-05-01 | 0 days | 1,629 sqft |
| 2022-06-01 | 0 days | 1,715 sqft |
| 2022-07-01 | 0 days | 1,776 sqft |
| 2022-08-01 | 0 days | 1,804 sqft |
| 2022-09-01 | 0 days | 1,923 sqft |
| 2022-10-01 | 0 days | 1,908 sqft |
| 2022-11-01 | 0 days | 1,881 sqft |
| 2022-12-01 | 0 days | 1,860 sqft |
| 2023-01-01 | 0 days | 1,818 sqft |
| 2023-02-01 | 0 days | 1,773 sqft |
| 2023-03-01 | 0 days | 1,783 sqft |
| 2023-04-01 | 0 days | 1,740 sqft |
| 2023-05-01 | 0 days | 1,792 sqft |
| 2023-06-01 | 0 days | 1,793 sqft |
| 2023-07-01 | 0 days | 1,792 sqft |
| 2023-08-01 | 0 days | 1,761 sqft |
| 2023-09-01 | 0 days | 1,750 sqft |
| 2023-10-01 | 0 days | 1,665 sqft |
| 2023-11-01 | 0 days | 1,690 sqft |
| 2023-12-01 | 0 days | 1,709 sqft |
| 2024-01-01 | 0 days | 1,724 sqft |
| 2024-02-01 | 0 days | 1,693 sqft |
| 2024-03-01 | 0 days | 1,712 sqft |
Brownwood's median square footage for active listings during the 2024-03-01 period was 1,712 sqft. One year prior, the average listing was 1,783 sqft.