College Station VA Loan Rates, Closing Costs & Stats

COLLEGE STATION-BRYAN, 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.

    College Station's 69 lenders originated 325 VA loans during 2022. The total origination value was $108,175,000, with an average VA loan value of $332,846.

    College Station VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in College Station averaged 6.52% for the week of 2023-12-01, compared to the national average (all VA variants) of 6.774% for the same period.

    College Station's average VA mortgage closing costs are $6,098.

    The average rate for the prior week (2023-11-24) was 6.75% and one month ago for the week of 2023-10-27, the average rate was 7.39%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.64%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 49 4.89% $9,815
    DHI MORTGAGE COMPANY, LTD. 28 4.10% $9,772
    UNITED WHOLESALE MORTGAGE, LLC 22 4.73% $6,155
    USAA Federal Savings Bank 14 4.67% $9,121
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 4.66% $6,403
    NAVY FEDERAL CREDIT UNION 12 4.07% $5,832
    AMERICA'S CHOICE HOME LOANS LP 12 5.00% $10,090
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 5.01% $9,771
    INTERLINC MORTGAGE SERVICES, LLC 12 4.47% $11,714
    Sunflower Bank 9 4.94% $10,593
    HOME POINT FINANCIAL CORPORATION 7 4.21% $11,256
    PENNYMAC LOAN SERVICES, LLC 7 2.71% $6,821
    City Bank 7 5.23% $8,589
    LOANDEPOT.COM, LLC 6 5.21% $14,576
    PENTAGON FEDERAL CREDIT UNION 6 3.81% $6,716
    Wallick & Volk, Inc. 5 5.18% $8,181
    PILGRIM MORTGAGE LLC 5 5.83% $8,246
    QUICKEN LOANS, LLC 5 4.34% $9,799
    FREEDOM MORTGAGE CORPORATION 5 4.53% $5,517
    INSPIRE HOME LOANS INC. 4 4.91% $5,152
    CMG MORTGAGE, INC. 4 4.81% $10,309
    MOVEMENT MORTGAGE, LLC 4 4.59% $6,830
    First Financial Bank 3 5.04% $6,681
    Extraco Banks 3 5.33% $4,892
    Wells Fargo Bank 3 4.04% $7,751
    Gateway First Bank 3 3.31% $11,511
    HOMETRUST MORTGAGE COMPANY 2 5.94% $12,039
    CORNERSTONE HOME LENDING, INC. 2 5.63% $3,035
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.44% $14,247
    American Momentum Bank 2 4.00% $17,976
    MUTUAL OF OMAHA MORTGAGE, INC. 2 3.75% $6,706
    CROSSCOUNTRY MORTGAGE, LLC 2 6.13% $8,351
    NEWREZ LLC 2 3.56% $4,109
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.31% $7,580
    CHERRY CREEK MORTGAGE, LLC 2 5.00% $945
    SOUTHWEST STAGE FUNDING, LLC 2 5.38% $3,452
    Flagstar Bank, FSB 2 2.71% $11,780
    GUILD MORTGAGE COMPANY 2 6.63% $13,904
    ZILLOW HOME LOANS, LLC 1 4.38% $7,606
    AMCAP MORTGAGE, LTD. 1 4.38% $10,769
    American Mortgage & Equity Consultants, Inc. 1 3.99% $50
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $6,405
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.00% $15,730
    ASPIRE FINANCIAL, INC. 1 3.00% $6,372
    Bank of America 1 2.75% $3,451
    Barrington Bank & Trust Company, N.A. 1 2.75% $2,134
    BNC National Bank 1 4.13% $4,199
    BROKER SOLUTIONS, INC. 1 5.60% $18,191
    CALIBER HOME LOANS, INC. 1 2.75% $2,523
    CARDINAL FINANCIAL 1 3.25% $17,321
    Citizens Bank 1 4.75% $9,339
    Commerce Home Mortgage, Inc. 1 2.88% $9,683
    Credence Funding Corporation 1 2.25% $1,924
    First Guaranty Mortgage Corporation 1 3.38% $6,723
    Great Plains National Bank 1 6.13% $6,348
    GUARANTEED RATE AFFINITY, LLC 1 5.13% $2,986
    GUARANTEED RATE, INC. 1 4.83% $10,511
    Guaranty Bank & Trust, N.A. 1 4.63% $9,254
    Jefferson Bank 1 3.63% $5,385
    Mr. Cooper ( Nationstar Mortgage ) 1 2.25% $4,454
    NBKC BANK 1 4.75% $20,042
    NEW DAY FINANCIAL, LLC 1 5.38% $14,661
    North American Savings Bank, F.S.B. 1 4.63% $1,943
    Paramount Residential Mortgage Group, Inc. 1 2.50% $6,859
    Plains Commerce Bank 1 6.63% $12,817
    SFMC, LP 1 3.75% $11,870
    THRIVE MORTGAGE, LLC 1 5.55% $7,931
    Watermark Capital, Inc. 1 3.25% $5,213
    ADVISA MORTGAGE SERVICES, LTD. 1 6.63% $24,455

    The top College Station VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $9,815, which is $43 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee College Station VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,832), UNITED WHOLESALE MORTGAGE, LLC ($6,155), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,403), USAA Federal Savings Bank ($9,121) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,771).

    The lowest rate College Station VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (4.07%), DHI MORTGAGE COMPANY, LTD. (4.10%), INTERLINC MORTGAGE SERVICES, LLC (4.47%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (4.66%) and USAA Federal Savings Bank (4.67%).

    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 (-9.7%) $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 $259,186 (-6.1%) $351,003 (-9.3%) 0.85 1,197
    2019-04-01 $264,925 (-3.6%) $353,458 (-8.0%) 0.84 1,265
    2019-05-01 $269,900 (0.0%) $355,701 (-6.8%) 0.84 1,278
    2019-06-01 $269,000 (-0.3%) $353,273 (-6.9%) 0.84 1,279
    2019-07-01 $269,875 (0.0%) $345,921 (-7.8%) 0.84 1,305
    2019-08-01 $269,791 (0.0%) $346,316 (-8.6%) 0.85 1,287
    2019-09-01 $269,627 (-0.1%) $350,779 (-9.1%) 0.86 1,270
    2019-10-01 $269,718 (-0.1%) $353,064 (-9.4%) 0.87 1,253
    2019-11-01 $269,900 (0.2%) $356,228 (-9.3%) 0.88 1,190
    2019-12-01 $269,950 (1.3%) $358,107 (-3.2%) 0.90 1,127
    2020-01-01 $262,450 (0.0%) $357,157 (-2.1%) 0.88 1,088
    2020-02-01 $265,900 (2.4%) $371,509 (5.7%) 0.87 1,243
    2020-03-01 $266,725 (2.9%) $365,307 (4.1%) 0.84 1,344
    2020-04-01 $271,450 (2.5%) $366,305 (3.6%) 0.85 1,338
    2020-05-01 $273,500 (1.3%) $366,868 (3.1%) 0.83 1,295
    2020-06-01 $277,313 (3.1%) $371,189 (5.1%) 0.82 1,186
    2020-07-01 $266,450 (-1.3%) $368,061 (6.4%) 0.77 1,148
    2020-08-01 $262,500 (-2.7%) $370,834 (7.1%) 0.75 1,077
    2020-09-01 $252,450 (-6.4%) $371,992 (6.1%) 0.72 1,047
    2020-10-01 $249,900 (-7.4%) $369,951 (4.8%) 0.72 975
    2020-11-01 $247,100 (-8.5%) $377,607 (6.0%) 0.72 910
    2020-12-01 $238,450 (-11.7%) $332,118 (-7.3%) 0.71 831
    2021-01-01 $239,900 (-8.6%) $331,686 (-7.1%) 0.72 729
    2021-02-01 $242,425 (-8.8%) $341,743 (-8.0%) 0.71 665
    2021-03-01 $254,369 (-4.6%) $367,714 (0.7%) 0.72 639
    2021-04-01 $271,754 (0.1%) $380,767 (4.0%) 0.74 526
    2021-05-01 $305,000 (11.5%) $442,146 (20.5%) 0.81 397
    2021-06-01 $324,950 (17.2%) $460,156 (24.0%) 0.86 396
    2021-07-01 $327,000 (22.7%) $485,062 (31.8%) 0.86 405
    2021-08-01 $298,450 (13.7%) $429,776 (15.9%) 0.80 475
    2021-09-01 $295,501 (17.1%) $428,337 (15.2%) 0.79 458
    2021-10-01 $306,000 (22.5%) $418,092 (13.0%) 0.82 427
    2021-11-01 $292,225 (18.3%) $419,085 (11.0%) 0.78 373
    2021-12-01 $289,225 (21.3%) $427,052 (28.6%) 0.78 336
    2022-01-01 $284,900 (18.8%) $434,206 (30.9%) 0.77 309
    2022-02-01 $322,000 (32.8%) $490,068 (43.4%) 0.84 324
    2022-03-01 $322,500 (26.8%) $478,989 (30.3%) 0.81 320
    2022-04-01 $329,450 (21.2%) $467,502 (22.8%) 0.79 365
    2022-05-01 $349,750 (14.7%) $505,628 (14.4%) 0.80 422
    2022-06-01 $358,475 (10.3%) $506,095 (10.0%) 0.80 561
    2022-07-01 $344,900 (5.5%) $498,776 (2.8%) 0.78 604
    2022-08-01 $352,824 (18.2%) $501,698 (16.7%) 0.82 672
    2022-09-01 $356,768 (20.7%) $504,002 (17.7%) 0.83 685
    2022-10-01 $354,443 (15.8%) $512,908 (22.7%) 0.83 736
    2022-11-01 $365,563 (25.1%) $519,970 (24.1%) 0.88 697
    2022-12-01 $370,000 (27.9%) $526,267 (23.2%) 0.91 683
    2023-01-01 $367,450 (29.0%) $518,266 (19.4%) 0.91 648
    2023-02-01 $359,950 (11.8%) $504,887 (3.0%) 0.87 641
    2023-03-01 $380,950 (18.1%) $541,610 (13.1%) 0.90 605
    2023-04-01 $399,900 (21.4%) $557,611 (19.3%) 0.93 613
    2023-05-01 $399,900 (14.3%) $551,049 (9.0%) 0.91 634
    2023-06-01 $380,000 (6.0%) $529,649 (4.7%) 0.85 708
    2023-07-01 $370,200 (7.3%) $513,633 (3.0%) 0.84 751
    2023-08-01 $370,375 (5.0%) $510,402 (1.7%) 0.85 843
    2023-09-01 $370,000 (3.7%) $502,140 (-0.4%) 0.86 899
    2023-10-01 $365,312 (3.1%) $492,545 (-4.0%) 0.86 942
    2023-11-01 $365,000 (-0.2%) $485,726 (-6.6%) 0.87 935
    College Station's median listing price for 2023-11-01 was $365,000, a difference of $-563 (-0.2%) versus the prior year and $-312 versus the prior month.

    College Station's median listing price comes in at 87% of the national average.

    College Station's average listing price for 2023-11-01 was $485,726, a difference of $-34,244 (-6.6%) versus the prior year and $-6,819 versus the prior month.

    For the 2023-11-01 period, College Station had 935 MLS listings, a difference of -7 listings (-1%) versus the prior month and 238 listings (34%) 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 73 days 2,083 sqft
    2018-02-01 61 days 2,008 sqft
    2018-03-01 53 days 2,007 sqft
    2018-04-01 52 days 2,000 sqft
    2018-05-01 56 days 1,980 sqft
    2018-06-01 61 days 1,961 sqft
    2018-07-01 66 days 1,980 sqft
    2018-08-01 71 days 1,976 sqft
    2018-09-01 75 days 1,978 sqft
    2018-10-01 79 days 1,931 sqft
    2018-11-01 86 days 1,913 sqft
    2018-12-01 96 days 1,911 sqft
    2019-01-01 88 days 1,895 sqft
    2019-02-01 62 days 1,863 sqft
    2019-03-01 56 days 1,876 sqft
    2019-04-01 65 days 1,904 sqft
    2019-05-01 72 days 1,939 sqft
    2019-06-01 71 days 1,939 sqft
    2019-07-01 71 days 1,947 sqft
    2019-08-01 74 days 1,958 sqft
    2019-09-01 78 days 1,956 sqft
    2019-10-01 82 days 1,955 sqft
    2019-11-01 86 days 1,955 sqft
    2019-12-01 94 days 1,935 sqft
    2020-01-01 90 days 1,900 sqft
    2020-02-01 67 days 1,900 sqft
    2020-03-01 55 days 1,881 sqft
    2020-04-01 69 days 1,906 sqft
    2020-05-01 80 days 1,911 sqft
    2020-06-01 90 days 1,905 sqft
    2020-07-01 81 days 1,858 sqft
    2020-08-01 75 days 1,856 sqft
    2020-09-01 73 days 1,818 sqft
    2020-10-01 75 days 1,794 sqft
    2020-11-01 81 days 1,759 sqft
    2020-12-01 79 days 1,764 sqft
    2021-01-01 74 days 1,752 sqft
    2021-02-01 62 days 1,768 sqft
    2021-03-01 45 days 1,790 sqft
    2021-04-01 39 days 1,826 sqft
    2021-05-01 36 days 1,945 sqft
    2021-06-01 32 days 2,021 sqft
    2021-07-01 34 days 2,049 sqft
    2021-08-01 35 days 1,892 sqft
    2021-09-01 42 days 1,869 sqft
    2021-10-01 48 days 1,889 sqft
    2021-11-01 51 days 1,852 sqft
    2021-12-01 59 days 1,850 sqft
    2022-01-01 53 days 1,854 sqft
    2022-02-01 28 days 1,957 sqft
    2022-03-01 26 days 1,859 sqft
    2022-04-01 22 days 1,886 sqft
    2022-05-01 23 days 1,958 sqft
    2022-06-01 28 days 1,987 sqft
    2022-07-01 40 days 1,953 sqft
    2022-08-01 48 days 1,947 sqft
    2022-09-01 54 days 1,949 sqft
    2022-10-01 62 days 1,932 sqft
    2022-11-01 69 days 1,962 sqft
    2022-12-01 81 days 1,962 sqft
    2023-01-01 86 days 1,958 sqft
    2023-02-01 78 days 1,931 sqft
    2023-03-01 61 days 2,003 sqft
    2023-04-01 57 days 2,040 sqft
    2023-05-01 46 days 2,024 sqft
    2023-06-01 44 days 1,947 sqft
    2023-07-01 55 days 1,897 sqft
    2023-08-01 57 days 1,925 sqft
    2023-09-01 57 days 1,912 sqft
    2023-10-01 67 days 1,889 sqft
    2023-11-01 76 days 1,889 sqft
    College Station's median listing age (time on market) for 2023-11-01 was 76 days. This is 9% longer than the same period one year ago.

    College Station's median square footage for active listings during the 2023-11-01 period was 1,889 sqft. One year prior, the average listing was 1,962 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.