College Station VA Loan Rates, Closing Costs & Stats

COLLEGE STATION-BRYAN, 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.

College Station's 95 lenders originated 629 VA loans during 2021. The total origination value was $182,385,000, with an average VA loan value of $289,960.

College Station VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in College Station averaged 0.51% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

College Station's average VA mortgage closing costs are $5,569.

The average rate for the prior week (2022-11-18) was 6.8% and one month ago for the week of 2022-10-21, the average rate was 7.05%.

The average rate one year ago was 3.53%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.34%.

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

College Station 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 College Station level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 43 2.85% $6,536
FREEDOM MORTGAGE CORPORATION 38 2.36% $3,335
USAA Federal Savings Bank 36 2.83% $6,205
QUICKEN LOANS, LLC 27 2.37% $5,079
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 3.08% $7,864
LOANDEPOT.COM, LLC 23 2.97% $6,286
AMERICA'S CHOICE HOME LOANS LP 22 2.90% $7,943
PENNYMAC LOAN SERVICES, LLC 20 2.31% $6,204
Sunflower Bank 17 2.97% $7,890
UNITED WHOLESALE MORTGAGE, LLC 17 2.49% $4,998
DHI MORTGAGE COMPANY, LTD. 16 2.78% $6,263
NAVY FEDERAL CREDIT UNION 15 2.48% $4,739
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 2.63% $3,789
INTERLINC MORTGAGE SERVICES, LLC 13 3.17% $8,246
CALIBER HOME LOANS, INC. 13 2.50% $2,634
LAKEVIEW LOAN SERVICING, LLC 10 2.59% $2,664
NEW DAY FINANCIAL, LLC 9 2.46% $4,137
VILLAGE CAPITAL MORTGAGE 9 2.44% $2,748
City Bank 9 2.78% $4,946
Wallick & Volk, Inc. 9 3.21% $5,042
Gateway First Bank 8 2.55% $6,106
Mr. Cooper ( Nationstar Mortgage ) 8 2.98% $5,475
CMG MORTGAGE, INC. 8 2.83% $8,215
CLEARPATH LENDING 7 2.23% $4,802
Wells Fargo Bank 7 2.48% $5,272
HOME POINT FINANCIAL CORPORATION 6 2.67% $8,026
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.53% $4,995
GUARANTEED RATE, INC. 5 2.78% $3,725
AMCAP MORTGAGE, LTD. 4 3.72% $7,880
North American Savings Bank, F.S.B. 4 2.25% $6,557
CORNERSTONE HOME LENDING, INC. 4 2.84% $4,567
Guaranty Bank & Trust, N.A. 4 2.69% $5,450
First Guaranty Mortgage Corporation 4 2.66% $5,287
Lakeview Community Capital, LLC 3 2.46% $3,076
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.29% $13,649
MID AMERICA MORTGAGE, INC. 3 3.04% $3,152
CROSSCOUNTRY MORTGAGE, LLC 3 3.25% $3,801
Barrington Bank & Trust Company, N.A. 3 2.71% $5,527
BROKER SOLUTIONS, INC. 3 3.08% $4,543
AmeriHome Mortgage Company, LLC 3 2.79% $2,523
SUN WEST MORTGAGE COMPANY, INC. 3 2.42% $3,105
First Financial Bank 3 2.54% $4,405
Carrington Mortgage Services, LLC 3 2.67% $4,907
Low VA Rates, LLC 3 2.29% $7,028
AMERISAVE MORTGAGE CORPORATION 2 2.88% $8,081
NATIONS RELIABLE LENDING, LLC 2 3.00% $4,176
ACCELERATE MORTGAGE, LLC 2 2.00% $6,982
Citizens Bank 2 2.81% $6,642
NP, Inc. 2 2.38% $7,105
Extraco Banks 2 2.50% $11,940
Paramount Residential Mortgage Group, Inc. 2 2.75% $9,591
PENTAGON FEDERAL CREDIT UNION 2 2.25% $3,502
Flagstar Bank, FSB 2 2.57% $3,184
PLANET HOME LENDING, LLC 2 2.50% $1,979
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.94% $4,404
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 2.69% $3,991
STEARNS LENDING, LLC 2 2.50% $4,704
TruHome Solutions, LLC 2 2.88% $6,254
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.88% $5,772
American Momentum Bank 2 2.69% $7,862
AMERICAN FINANCING CORPORATION 2 3.00% $6,860
CALCON MUTUAL MORTGAGE LLC 1 3.75% $6,836
Credence Funding Corporation 1 2.25% $2,788
ENVOY MORTGAGE, LTD 1 2.75% $3,366
FINANCE OF AMERICA MORTGAGE LLC 1 2.38% $3,860
First Bank & Trust 1 3.25% $3,582
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.75% $6,468
First National Bank Texas 1 2.50% $5,102
First Savings Bank 1 3.25% $4,000
CLM MORTGAGE, INC 1 3.50% $55,271
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.75% $4,160
GIBRALTAR MORTGAGE SERVICES, LLC 1 2.63% $4,955
GUILD MORTGAGE COMPANY 1 2.88% $11,134
KS StateBank 1 2.88% $10,049
CELEBRITY HOME LOANS, LLC 1 3.13% $4,435
LEGEND LENDING CORPORATION 1 2.75% $5,428
LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $1,846
MEMBER FIRST MORTGAGE, LLC 1 4.88% $4,846
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.13% $2,680
MOVEMENT MORTGAGE, LLC 1 2.88% $5,392
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $10,043
NBKC BANK 1 2.25% $1,918
BARTON CREEK LENDING GROUP, LLC 1 3.25% $9,965
NEWREZ LLC 1 3.25% $8,346
NTFN, INC. 1 2.88% $2,404
OPEN MORTGAGE, LLC 1 2.50% $3,565
PILGRIM MORTGAGE LLC 1 2.75% $6,491
SENTE MORTGAGE, INC. 1 3.13% $5,802
The Federal Savings Bank 1 2.25% $6,468
THRIVE MORTGAGE, LLC 1 2.50% $9,625
TJC Mortgage, Inc. 1 2.25% $3,225
Trustmark National Bank 1 2.25% $3,968
V.I.P. MORTGAGE, INC. 1 3.25% $5,990
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $4,954
Waterstone Mortgage Corporation 1 2.88% $8,405

The top College Station VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $6,536, which is $3,201 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee College Station VA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($2,634), LAKEVIEW LOAN SERVICING, LLC ($2,664), FREEDOM MORTGAGE CORPORATION ($3,335), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,789) and NAVY FEDERAL CREDIT UNION ($4,739).

The lowest rate College Station VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.31%), FREEDOM MORTGAGE CORPORATION (2.36%), QUICKEN LOANS, LLC (2.37%), NAVY FEDERAL CREDIT UNION (2.48%) and UNITED WHOLESALE MORTGAGE, LLC (2.49%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - College Station (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 $288,250 (-6.0%) $390,378 (-0.9%) 1.07 901
2018-02-01 $279,900 (-9.8%) $391,718 (-1.6%) 1.02 973
2018-03-01 $275,900 (-14.1%) $387,148 (-8.1%) 0.97 1,026
2018-04-01 $274,900 (-15.4%) $383,979 (-10.1%) 0.93 1,077
2018-05-01 $269,950 (-17.9%) $381,726 (-10.7%) 0.90 1,135
2018-06-01 $269,900 (-5.2%) $379,306 (5.6%) 0.90 1,134
2018-07-01 $269,900 (-3.6%) $375,223 (3.5%) 0.90 1,179
2018-08-01 $269,900 (-14.4%) $378,816 (-7.1%) 0.90 1,132
2018-09-01 $270,000 (-12.9%) $386,067 (-2.5%) 0.91 1,096
2018-10-01 $269,900 (-12.9%) $389,782 (-2.9%) 0.91 1,091
2018-11-01 $269,450 (-13.1%) $392,603 (-3.2%) 0.91 1,080
2018-12-01 $266,500 (-11.1%) $369,931 (-7.0%) 0.92 1,045
2019-01-01 $262,400 (-9.0%) $364,833 (-6.5%) 0.91 1,031
2019-02-01 $259,675 (-7.2%) $351,383 (-10.3%) 0.88 1,132
2019-03-01 $259,207 (-6.1%) $351,051 (-9.3%) 0.85 1,197
2019-04-01 $264,975 (-3.6%) $353,614 (-7.9%) 0.84 1,266
2019-05-01 $269,850 (0.0%) $355,638 (-6.8%) 0.84 1,279
2019-06-01 $269,000 (-0.3%) $353,167 (-6.9%) 0.84 1,281
2019-07-01 $269,875 (0.0%) $345,829 (-7.8%) 0.84 1,307
2019-08-01 $269,791 (0.0%) $346,197 (-8.6%) 0.85 1,290
2019-09-01 $269,627 (-0.1%) $350,616 (-9.2%) 0.86 1,273
2019-10-01 $269,718 (-0.1%) $352,872 (-9.5%) 0.87 1,257
2019-11-01 $269,900 (0.2%) $355,930 (-9.3%) 0.88 1,194
2019-12-01 $269,950 (1.3%) $357,846 (-3.3%) 0.90 1,130
2020-01-01 $262,479 (0.0%) $356,934 (-2.2%) 0.88 1,092
2020-02-01 $265,900 (2.4%) $371,194 (5.6%) 0.87 1,247
2020-03-01 $266,725 (2.9%) $365,016 (4.0%) 0.84 1,348
2020-04-01 $270,975 (2.3%) $366,013 (3.5%) 0.85 1,342
2020-05-01 $272,998 (1.2%) $366,560 (3.1%) 0.83 1,299
2020-06-01 $277,030 (3.0%) $370,841 (5.0%) 0.82 1,190
2020-07-01 $266,450 (-1.3%) $367,710 (6.3%) 0.77 1,152
2020-08-01 $262,500 (-2.7%) $370,455 (7.0%) 0.75 1,081
2020-09-01 $252,450 (-6.4%) $371,597 (6.0%) 0.72 1,051
2020-10-01 $249,900 (-7.4%) $369,537 (4.7%) 0.72 979
2020-11-01 $247,750 (-8.2%) $377,126 (6.0%) 0.72 914
2020-12-01 $238,750 (-11.6%) $331,805 (-7.3%) 0.71 835
2021-01-01 $239,900 (-8.6%) $331,318 (-7.2%) 0.72 733
2021-02-01 $242,575 (-8.8%) $341,680 (-8.0%) 0.71 669
2021-03-01 $254,613 (-4.5%) $367,085 (0.6%) 0.72 643
2021-04-01 $270,449 (-0.2%) $379,989 (3.8%) 0.73 530
2021-05-01 $300,000 (9.9%) $440,427 (20.2%) 0.79 401
2021-06-01 $324,925 (17.3%) $458,753 (23.7%) 0.86 400
2021-07-01 $325,000 (22.0%) $483,491 (31.5%) 0.86 409
2021-08-01 $297,000 (13.1%) $428,911 (15.8%) 0.79 478
2021-09-01 $295,000 (16.9%) $427,202 (15.0%) 0.79 462
2021-10-01 $300,000 (20.1%) $416,740 (12.8%) 0.80 431
2021-11-01 $291,076 (17.5%) $417,495 (10.7%) 0.78 377
2021-12-01 $288,250 (20.7%) $425,114 (28.1%) 0.78 340
2022-01-01 $281,348 (17.3%) $432,176 (30.4%) 0.76 313
2022-02-01 $318,950 (31.5%) $487,439 (42.7%) 0.83 328
2022-03-01 $319,933 (25.7%) $478,035 (30.2%) 0.80 324
2022-04-01 $325,000 (20.2%) $466,800 (22.9%) 0.78 368
2022-05-01 $348,450 (16.2%) $504,386 (14.5%) 0.80 425
2022-06-01 $358,700 (10.4%) $505,899 (10.3%) 0.80 565
2022-07-01 $344,900 (6.1%) $499,834 (3.4%) 0.78 609
2022-08-01 $352,450 (18.7%) $501,131 (16.8%) 0.81 677
2022-09-01 $356,108 (20.7%) $504,184 (18.0%) 0.83 690
2022-10-01 $356,107 (18.7%) $513,452 (23.2%) 0.84 741
College Station's median listing price for 2022-10-01 was $356,107, a difference of $56,107 (18.7%) versus the prior year and $-1 versus the prior month.

College Station's median listing price comes in at 84% of the national average.

College Station's average listing price for 2022-10-01 was $513,452, a difference of $96,712 (23.2%) versus the prior year and $9,268 versus the prior month.

For the 2022-10-01 period, College Station had 741 MLS listings, a difference of 51 listings (7%) versus the prior month and 310 listings (72%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - College Station (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 77 days 2,086 sqft
2018-02-01 65 days 2,009 sqft
2018-03-01 54 days 2,007 sqft
2018-04-01 53 days 2,000 sqft
2018-05-01 58 days 1,980 sqft
2018-06-01 64 days 1,961 sqft
2018-07-01 70 days 1,980 sqft
2018-08-01 74 days 1,976 sqft
2018-09-01 78 days 1,978 sqft
2018-10-01 81 days 1,931 sqft
2018-11-01 89 days 1,913 sqft
2018-12-01 99 days 1,911 sqft
2019-01-01 92 days 1,895 sqft
2019-02-01 66 days 1,862 sqft
2019-03-01 60 days 1,875 sqft
2019-04-01 66 days 1,904 sqft
2019-05-01 73 days 1,939 sqft
2019-06-01 73 days 1,939 sqft
2019-07-01 73 days 1,947 sqft
2019-08-01 76 days 1,958 sqft
2019-09-01 81 days 1,956 sqft
2019-10-01 86 days 1,955 sqft
2019-11-01 92 days 1,948 sqft
2019-12-01 96 days 1,934 sqft
2020-01-01 93 days 1,899 sqft
2020-02-01 72 days 1,900 sqft
2020-03-01 59 days 1,880 sqft
2020-04-01 71 days 1,904 sqft
2020-05-01 84 days 1,911 sqft
2020-06-01 96 days 1,902 sqft
2020-07-01 89 days 1,858 sqft
2020-08-01 80 days 1,856 sqft
2020-09-01 79 days 1,818 sqft
2020-10-01 81 days 1,794 sqft
2020-11-01 86 days 1,759 sqft
2020-12-01 84 days 1,764 sqft
2021-01-01 77 days 1,752 sqft
2021-02-01 67 days 1,767 sqft
2021-03-01 51 days 1,790 sqft
2021-04-01 41 days 1,828 sqft
2021-05-01 39 days 1,945 sqft
2021-06-01 35 days 2,011 sqft
2021-07-01 37 days 2,045 sqft
2021-08-01 38 days 1,892 sqft
2021-09-01 44 days 1,869 sqft
2021-10-01 51 days 1,889 sqft
2021-11-01 53 days 1,852 sqft
2021-12-01 61 days 1,850 sqft
2022-01-01 56 days 1,855 sqft
2022-02-01 30 days 1,952 sqft
2022-03-01 29 days 1,862 sqft
2022-04-01 23 days 1,883 sqft
2022-05-01 24 days 1,955 sqft
2022-06-01 28 days 1,989 sqft
2022-07-01 40 days 1,953 sqft
2022-08-01 50 days 1,944 sqft
2022-09-01 55 days 1,948 sqft
2022-10-01 64 days 1,936 sqft
College Station's median listing age (time on market) for 2022-10-01 was 64 days. This is 25% longer than the same period one year ago.

College Station's median square footage for active listings during the 2022-10-01 period was 1,936 sqft. One year prior, the average listing was 1,889 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.