Brownwood VA Loan Rates, Closing Costs & Stats

Brownwood, 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.

    Brownwood's 25 lenders originated 54 VA loans during 2024. The total origination value was $14,210,000, with an average VA loan value of $263,148.

    Brownwood VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Brownwood averaged 6.42% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Brownwood's average VA mortgage closing costs are $5,421.

    The average rate for the prior week (2025-03-28) was 6.94% and one month ago for the week of 2025-02-28, the average rate was 6.71%.

    The average rate one year ago was 7.12%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.96%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.77% $3,565
    QUICKEN LOANS, LLC 5 6.22% $5,831
    FREEDOM MORTGAGE CORPORATION 5 5.90% $4,654
    UNITED WHOLESALE MORTGAGE, LLC 4 5.55% $5,637
    USAA Federal Savings Bank 2 6.25% $8,801
    American Mortgage Bank, LLC 2 6.75% $4,541
    Flagstar Bank, FSB 2 6.50% $5,823
    OPEN MORTGAGE, LLC 2 6.19% $3,708
    Paramount Residential Mortgage Group, Inc. 2 6.38% $6,228
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $2,663
    NEWREZ LLC 1 6.25% $6,222
    PLANET HOME LENDING, LLC 1 5.99% $4,749
    PLAZA HOME MORTGAGE, INC. 1 6.49% $6,047
    Prosperity Home Mortgage, LLC 1 5.75% $15,358
    SFMC, LP 1 7.25% $18,972
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $0
    VILLAGE CAPITAL MORTGAGE 1 5.75% $4,246
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $11,840
    CARDINAL FINANCIAL 1 7.75% $6,387
    City Bank 1 6.75% $11,361
    CLEARPATH LENDING 1 5.75% $3,411
    First Financial Bank 1 6.75% $5,004
    Gateway First Bank 1 6.25% $4,219
    GUILD MORTGAGE COMPANY 1 7.13% $4,463
    LOANPEOPLE, LLC 1 6.38% $13,574

    The top Brownwood VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $3,565, which is $2,266 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Brownwood VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,565), .

    The lowest rate Brownwood VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.77%), .

    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 $314,900 (34.8%) $377,866 (2.7%) 0.00 96
    2022-10-01 $300,000 (20.0%) $400,224 (8.8%) 0.00 105
    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 (-17.8%) $354,754 (-6.1%) 0.00 143
    2023-10-01 $249,765 (-16.7%) $357,864 (-10.6%) 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
    2024-04-01 $242,200 (-8.6%) $353,798 (9.8%) 0.00 174
    2024-05-01 $263,825 (-1.9%) $363,308 (4.7%) 0.00 185
    2024-06-01 $270,000 (5.5%) $366,801 (2.1%) 0.00 184
    2024-07-01 $254,725 (2.1%) $356,674 (4.4%) 0.00 191
    2024-08-01 $249,950 (4.4%) $374,047 (4.7%) 0.00 171
    2024-09-01 $275,100 (6.2%) $399,579 (12.6%) 0.00 171
    2024-10-01 $259,800 (4.0%) $397,851 (11.2%) 0.00 165
    2024-11-01 $249,000 (-4.2%) $403,143 (9.9%) 0.00 166
    2024-12-01 $259,825 (3.9%) $412,853 (19.7%) 0.00 150
    2025-01-01 $240,550 (-3.8%) $388,606 (6.4%) 0.00 147
    2025-02-01 $231,225 (-7.5%) $376,051 (8.9%) 0.00 152
    2025-03-01 $240,000 (-4.0%) $366,484 (0.9%) 0.00 156
    Brownwood's median listing price for 2025-03-01 was $240,000, a difference of $-9,950 (-4.0%) versus the prior year and $8,775 versus the prior month.

    Brownwood's median listing price comes in at 0% of the national average.

    Brownwood's average listing price for 2025-03-01 was $366,484, a difference of $3,143 (0.9%) versus the prior year and $-9,567 versus the prior month.

    For the 2025-03-01 period, Brownwood had 156 MLS listings, a difference of 4 listings (3%) versus the prior month and 0 listings (0%) 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 1,926 sqft
    2022-10-01 0 days 1,910 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
    2024-04-01 0 days 1,710 sqft
    2024-05-01 0 days 1,714 sqft
    2024-06-01 0 days 1,724 sqft
    2024-07-01 0 days 1,720 sqft
    2024-08-01 0 days 1,709 sqft
    2024-09-01 0 days 1,744 sqft
    2024-10-01 0 days 1,728 sqft
    2024-11-01 0 days 1,724 sqft
    2024-12-01 0 days 1,698 sqft
    2025-01-01 0 days 1,641 sqft
    2025-02-01 0 days 1,592 sqft
    2025-03-01 0 days 1,603 sqft
    Brownwood's median listing age (time on market) for 2025-03-01 was 0 days.

    Brownwood's median square footage for active listings during the 2025-03-01 period was 1,603 sqft. One year prior, the average listing was 1,712 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.