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 68 lenders originated 260 VA loans during 2023. The total origination value was $93,460,000, with an average VA loan value of $359,462.

    College Station VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in College Station averaged 6.72% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    College Station's average VA mortgage closing costs are $6,467.

    The average rate for the prior week (2024-04-12) was 6.75% and one month ago for the week of 2024-03-15, the average rate was 6.61%.

    The average rate one year ago was 5.9%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.08%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 37 5.34% $6,187
    Mortgage Research Center, LLC 29 6.46% $8,217
    UNITED WHOLESALE MORTGAGE, LLC 26 6.12% $7,512
    PILGRIM MORTGAGE LLC 12 6.73% $8,680
    NAVY FEDERAL CREDIT UNION 12 5.64% $6,356
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.00% $8,761
    USAA Federal Savings Bank 9 6.29% $9,633
    SWBC MORTGAGE CORPORATION 7 5.96% $10,557
    CORNERSTONE HOME LENDING, INC. 7 6.61% $12,646
    INSPIRE HOME LOANS INC. 6 5.33% $6,011
    AMCAP MORTGAGE, LTD. 5 6.45% $14,503
    QUICKEN LOANS, LLC 5 5.47% $13,557
    CMG MORTGAGE, INC. 5 6.10% $13,645
    Wallick & Volk, Inc. 5 6.50% $13,985
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.72% $13,501
    City Bank 4 7.22% $8,774
    Extraco Banks 3 6.00% $21,992
    SECURITYNATIONAL MORTGAGE COMPANY 3 5.90% $11,016
    First Financial Bank 3 5.88% $9,452
    American Momentum Bank 2 5.50% $5,410
    NEWREZ LLC 2 6.25% $10,256
    CROSSCOUNTRY MORTGAGE, LLC 2 7.25% $8,607
    CARDINAL FINANCIAL 2 7.50% $4,935
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $9,643
    MOVEMENT MORTGAGE, LLC 2 6.69% $5,518
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.88% $4,171
    MORTGAGE FINANCIAL SERVICES, LLC 2 6.38% $9,349
    LOANDEPOT.COM, LLC 2 6.00% $15,720
    Plains Commerce Bank 2 5.88% $11,710
    PLANET HOME LENDING, LLC 2 5.75% $4,080
    AMERISAVE MORTGAGE CORPORATION 2 5.44% $11,694
    GARDNER FINANCIAL SERVICES, LTD. 2 7.38% $10,668
    Town Square Mortgage & Investments, Inc. 1 5.88% $17,627
    TruHome Solutions, LLC 1 6.63% $6,955
    VILLAGE CAPITAL MORTGAGE 1 5.75% $1,462
    ADVISA MORTGAGE SERVICES, LTD. 1 6.13% $27,504
    Wells Fargo Bank 1 5.13% $4,853
    AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $17,263
    AmeriHome Mortgage Company, LLC 1 7.00% $4,096
    BancorpSouth 1 6.88% $4,478
    Barrington Bank & Trust Company, N.A. 1 5.75% $7,378
    CALIBER HOME LOANS, INC. 1 6.25% $13,287
    Century Mortgage Company DBA Century Lending Company 1 5.75% $16,244
    Citizens Bank 1 6.88% $11,211
    Equity Prime Mortgage LLC 1 6.75% $7,637
    FBC MORTGAGE, LLC 1 5.75% $30,085
    First Federal Bank 1 6.63% $3,773
    First National Bank Texas 1 5.25% $13,409
    Flagstar Bank, FSB 1 6.75% $11,458
    FREEDOM MORTGAGE CORPORATION 1 7.25% $11,575
    Gateway First Bank 1 5.35% $13,912
    GENEVA FINANCIAL, LLC 1 6.88% $17,920
    GUARANTEED RATE, INC. 1 7.25% $7,767
    HOMETRUST MORTGAGE COMPANY 1 6.38% $5,946
    Integrity Home Mortgage Corp 1 6.75% $10,061
    JPMorgan Chase Bank 1 6.13% $3,318
    LEGEND LENDING CORPORATION 1 6.75% $36,517
    LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $3,344
    NBKC BANK 1 5.63% $5,923
    NEW DAY FINANCIAL, LLC 1 7.49% $8,254
    NEW FED MORTGAGE, CORP. 1 4.75% $11,573
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $25,138
    S&S Financial 1 6.25% $6,581
    Strong Home Mortgage, LLC 1 7.25% $9,596
    SUMMIT FUNDING, INC. 1 7.25% $13,116
    Sunflower Bank 1 5.63% $13,004
    T2 FINANCIAL LLC 1 6.88% $15,400
    The Central Trust Bank 1 6.63% $4,248

    The top College Station VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 37 VA loans originated. Their average total fees are $6,187, which is $2,030 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee College Station VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($6,187), NAVY FEDERAL CREDIT UNION ($6,356), UNITED WHOLESALE MORTGAGE, LLC ($7,512), Mortgage Research Center, LLC ($8,217) and PILGRIM MORTGAGE LLC ($8,680).

    The lowest rate College Station VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.34%), NAVY FEDERAL CREDIT UNION (5.64%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.00%), UNITED WHOLESALE MORTGAGE, LLC (6.12%) and Mortgage Research Center, LLC (6.46%).

    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 $259,186 (-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%) 0.79 364
    2022-05-01 $350,000 (14.8%) $506,109 (14.5%) 0.80 421
    2022-06-01 $359,450 (10.6%) $507,422 (10.3%) 0.80 561
    2022-07-01 $344,950 (5.5%) $499,669 (3.0%) 0.78 605
    2022-08-01 $352,900 (18.2%) $502,522 (16.9%) 0.82 673
    2022-09-01 $356,768 (20.7%) $504,835 (17.9%) 0.83 685
    2022-10-01 $354,900 (16.0%) $513,613 (22.9%) 0.84 737
    2022-11-01 $365,800 (25.2%) $520,340 (24.2%) 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%) $504,354 (2.9%) 0.87 642
    2023-03-01 $379,725 (17.7%) $540,957 (12.9%) 0.90 606
    2023-04-01 $399,900 (21.4%) $557,611 (19.3%) 0.93 613
    2023-05-01 $399,900 (14.3%) $551,049 (8.9%) 0.91 634
    2023-06-01 $380,000 (5.7%) $529,649 (4.4%) 0.85 708
    2023-07-01 $370,200 (7.3%) $513,633 (2.8%) 0.84 751
    2023-08-01 $370,375 (5.0%) $510,402 (1.6%) 0.85 843
    2023-09-01 $370,000 (3.7%) $502,140 (-0.5%) 0.86 899
    2023-10-01 $365,312 (2.9%) $492,545 (-4.1%) 0.86 942
    2023-11-01 $365,000 (-0.2%) $485,726 (-6.7%) 0.87 935
    2023-12-01 $364,900 (-1.4%) $489,688 (-7.0%) 0.89 882
    2024-01-01 $366,250 (-0.3%) $485,993 (-6.2%) 0.89 861
    2024-02-01 $364,900 (1.4%) $480,764 (-4.7%) 0.88 887
    2024-03-01 $365,000 (-3.9%) $492,782 (-8.9%) 0.86 960
    College Station's median listing price for 2024-03-01 was $365,000, a difference of $-14,725 (-3.9%) versus the prior year and $100 versus the prior month.

    College Station's median listing price comes in at 86% of the national average.

    College Station's average listing price for 2024-03-01 was $492,782, a difference of $-48,175 (-8.9%) versus the prior year and $12,018 versus the prior month.

    For the 2024-03-01 period, College Station had 960 MLS listings, a difference of 73 listings (8%) versus the prior month and 354 listings (58%) 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 1,766 sqft
    2021-03-01 45 days 1,789 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 1,884 sqft
    2022-05-01 23 days 1,956 sqft
    2022-06-01 28 days 1,987 sqft
    2022-07-01 40 days 1,953 sqft
    2022-08-01 48 days 1,949 sqft
    2022-09-01 55 days 1,949 sqft
    2022-10-01 62 days 1,934 sqft
    2022-11-01 70 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 1,930 sqft
    2023-03-01 60 days 2,002 sqft
    2023-04-01 57 days 2,041 sqft
    2023-05-01 46 days 2,026 sqft
    2023-06-01 44 days 1,948 sqft
    2023-07-01 55 days 1,897 sqft
    2023-08-01 57 days 1,925 sqft
    2023-09-01 57 days 1,911 sqft
    2023-10-01 67 days 1,888 sqft
    2023-11-01 76 days 1,889 sqft
    2023-12-01 83 days 1,887 sqft
    2024-01-01 84 days 1,896 sqft
    2024-02-01 71 days 1,886 sqft
    2024-03-01 47 days 1,893 sqft
    College Station's median listing age (time on market) for 2024-03-01 was 47 days. This is -22% shorter than the same period one year ago.

    College Station's median square footage for active listings during the 2024-03-01 period was 1,893 sqft. One year prior, the average listing was 2,002 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.