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 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 6.63% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.48% and one month ago for the week of 2024-03-08, the average rate was 6.61%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.09%.

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.