College Station VA Loans
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 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
5.43%
for the week of 2022-08-05, compared to the national average (all VA variants) of
5.013% for the same period.
The average rate for the prior week (2022-07-29) was
5.38% and
one month ago for the week of 2022-07-01, the
average rate was 5.6%.
The average rate one year ago was 3.28%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.25%.
College Station VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the College Station level.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $299,000 (-3.5%) | $399,127 (0.2%) | 1.10 | 1,023 |
2018-02-01 | $289,950 (-7.2%) | $399,685 (-0.7%) | 1.05 | 1,082 |
2018-03-01 | $289,000 (-10.4%) | $399,307 (-4.9%) | 1.00 | 1,140 |
2018-04-01 | $283,995 (-12.6%) | $395,351 (-5.9%) | 0.95 | 1,206 |
2018-05-01 | $279,900 (-15.2%) | $389,721 (-8.4%) | 0.93 | 1,277 |
2018-06-01 | $272,000 (-5.5%) | $385,514 (6.9%) | 0.91 | 1,271 |
2018-07-01 | $270,000 (-6.9%) | $381,343 (4.5%) | 0.90 | 1,330 |
2018-08-01 | $272,450 (-15.2%) | $383,909 (-7.1%) | 0.91 | 1,282 |
2018-09-01 | $274,900 (-13.6%) | $389,637 (-3.3%) | 0.92 | 1,244 |
2018-10-01 | $269,900 (-14.9%) | $395,630 (-3.2%) | 0.90 | 1,246 |
2018-11-01 | $269,900 (-14.7%) | $401,044 (-2.7%) | 0.90 | 1,242 |
2018-12-01 | $269,700 (-13.0%) | $379,528 (-6.6%) | 0.92 | 1,215 |
2019-01-01 | $266,950 (-10.7%) | $375,840 (-5.8%) | 0.92 | 1,195 |
2019-02-01 | $259,900 (-10.4%) | $362,441 (-9.3%) | 0.87 | 1,301 |
2019-03-01 | $260,357 (-9.9%) | $358,709 (-10.2%) | 0.85 | 1,371 |
2019-04-01 | $268,250 (-5.5%) | $360,567 (-8.8%) | 0.84 | 1,438 |
2019-05-01 | $269,950 (-3.6%) | $361,162 (-7.3%) | 0.83 | 1,436 |
2019-06-01 | $269,900 (-0.8%) | $359,419 (-6.8%) | 0.83 | 1,444 |
2019-07-01 | $269,900 (0.0%) | $352,403 (-7.6%) | 0.84 | 1,493 |
2019-08-01 | $271,529 (-0.3%) | $355,906 (-7.3%) | 0.85 | 1,477 |
2019-09-01 | $273,429 (-0.5%) | $363,609 (-6.7%) | 0.87 | 1,452 |
2019-10-01 | $269,900 (0.0%) | $361,102 (-8.7%) | 0.86 | 1,465 |
2019-11-01 | $269,900 (0.0%) | $364,974 (-9.0%) | 0.87 | 1,417 |
2019-12-01 | $274,900 (1.9%) | $367,148 (-3.3%) | 0.92 | 1,333 |
2020-01-01 | $264,900 (-0.8%) | $364,390 (-3.1%) | 0.88 | 1,269 |
2020-02-01 | $269,900 (3.9%) | $379,954 (4.8%) | 0.87 | 1,439 |
2020-03-01 | $271,498 (4.3%) | $377,237 (5.2%) | 0.85 | 1,546 |
2020-04-01 | $275,000 (2.5%) | $378,190 (4.9%) | 0.86 | 1,545 |
2020-05-01 | $279,000 (3.4%) | $378,101 (4.7%) | 0.85 | 1,502 |
2020-06-01 | $283,500 (5.0%) | $378,879 (5.4%) | 0.83 | 1,380 |
2020-07-01 | $274,000 (1.5%) | $374,836 (6.4%) | 0.79 | 1,313 |
2020-08-01 | $265,000 (-2.4%) | $375,384 (5.5%) | 0.76 | 1,239 |
2020-09-01 | $252,616 (-7.6%) | $373,289 (2.7%) | 0.72 | 1,212 |
2020-10-01 | $250,000 (-7.4%) | $373,184 (3.4%) | 0.71 | 1,135 |
2020-11-01 | $249,450 (-7.6%) | $383,042 (5.0%) | 0.71 | 1,054 |
2020-12-01 | $242,950 (-11.6%) | $350,195 (-4.6%) | 0.71 | 972 |
2021-01-01 | $245,000 (-7.5%) | $352,311 (-3.3%) | 0.72 | 856 |
2021-02-01 | $247,895 (-8.2%) | $357,380 (-5.9%) | 0.71 | 768 |
2021-03-01 | $255,198 (-6.0%) | $379,330 (0.6%) | 0.72 | 725 |
2021-04-01 | $276,750 (0.6%) | $396,475 (4.8%) | 0.74 | 585 |
2021-05-01 | $309,900 (11.1%) | $457,584 (21.0%) | 0.82 | 442 |
2021-06-01 | $334,700 (18.1%) | $474,736 (25.3%) | 0.87 | 436 |
2021-07-01 | $331,400 (21.0%) | $493,435 (31.6%) | 0.86 | 458 |
2021-08-01 | $299,899 (13.2%) | $437,487 (16.5%) | 0.79 | 540 |
2021-09-01 | $298,750 (18.3%) | $437,719 (17.3%) | 0.79 | 520 |
2021-10-01 | $299,900 (20.0%) | $421,590 (13.0%) | 0.79 | 488 |
2021-11-01 | $297,000 (19.1%) | $424,585 (10.9%) | 0.78 | 419 |
2021-12-01 | $290,950 (19.8%) | $429,213 (22.6%) | 0.78 | 386 |
2022-01-01 | $285,000 (16.3%) | $432,265 (22.7%) | 0.76 | 348 |
2022-02-01 | $312,000 (25.9%) | $469,685 (31.4%) | 0.80 | 371 |
2022-03-01 | $314,523 (23.3%) | $475,843 (25.4%) | 0.78 | 352 |
2022-04-01 | $325,000 (17.4%) | $476,047 (20.1%) | 0.76 | 401 |
2022-05-01 | $353,450 (14.1%) | $514,272 (12.4%) | 0.79 | 476 |
2022-06-01 | $369,900 (10.5%) | $523,242 (10.2%) | 0.82 | 620 |
College Station's median listing price comes in at 82% of the national average.
College Station's average listing price for 2022-06-01 was $523,242, a difference of $48,506 (10.2%) versus the prior year and $8,970 versus the prior month.
For the 2022-06-01 period, College Station had 620 MLS listings, a difference of 144 listings (30%) versus the prior month and 184 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - College Station (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 79 days | 2,124 sqft |
2018-02-01 | 67 days | 2,089 sqft |
2018-03-01 | 57 days | 2,093 sqft |
2018-04-01 | 53 days | 2,039 sqft |
2018-05-01 | 58 days | 2,026 sqft |
2018-06-01 | 64 days | 2,010 sqft |
2018-07-01 | 70 days | 2,016 sqft |
2018-08-01 | 73 days | 2,005 sqft |
2018-09-01 | 78 days | 2,005 sqft |
2018-10-01 | 80 days | 1,978 sqft |
2018-11-01 | 86 days | 1,949 sqft |
2018-12-01 | 94 days | 1,920 sqft |
2019-01-01 | 87 days | 1,913 sqft |
2019-02-01 | 67 days | 1,880 sqft |
2019-03-01 | 58 days | 1,880 sqft |
2019-04-01 | 67 days | 1,916 sqft |
2019-05-01 | 74 days | 1,970 sqft |
2019-06-01 | 74 days | 1,971 sqft |
2019-07-01 | 70 days | 1,971 sqft |
2019-08-01 | 74 days | 1,986 sqft |
2019-09-01 | 79 days | 1,992 sqft |
2019-10-01 | 84 days | 1,981 sqft |
2019-11-01 | 86 days | 1,981 sqft |
2019-12-01 | 94 days | 1,981 sqft |
2020-01-01 | 93 days | 1,924 sqft |
2020-02-01 | 72 days | 1,925 sqft |
2020-03-01 | 58 days | 1,924 sqft |
2020-04-01 | 70 days | 1,931 sqft |
2020-05-01 | 83 days | 1,940 sqft |
2020-06-01 | 94 days | 1,944 sqft |
2020-07-01 | 87 days | 1,895 sqft |
2020-08-01 | 77 days | 1,872 sqft |
2020-09-01 | 74 days | 1,848 sqft |
2020-10-01 | 76 days | 1,826 sqft |
2020-11-01 | 81 days | 1,795 sqft |
2020-12-01 | 79 days | 1,800 sqft |
2021-01-01 | 74 days | 1,800 sqft |
2021-02-01 | 66 days | 1,800 sqft |
2021-03-01 | 48 days | 1,809 sqft |
2021-04-01 | 44 days | 1,856 sqft |
2021-05-01 | 45 days | 1,968 sqft |
2021-06-01 | 39 days | 2,056 sqft |
2021-07-01 | 36 days | 2,077 sqft |
2021-08-01 | 35 days | 1,947 sqft |
2021-09-01 | 43 days | 1,905 sqft |
2021-10-01 | 52 days | 1,897 sqft |
2021-11-01 | 52 days | 1,869 sqft |
2021-12-01 | 60 days | 1,849 sqft |
2022-01-01 | 53 days | 1,849 sqft |
2022-02-01 | 33 days | 1,857 sqft |
2022-03-01 | 31 days | 1,841 sqft |
2022-04-01 | 29 days | 1,884 sqft |
2022-05-01 | 25 days | 1,984 sqft |
2022-06-01 | 29 days | 2,023 sqft |
College Station's median square footage for active listings during the 2022-06-01 period was 2,023 sqft. One year prior, the average listing was 2,056 sqft.