College Station VA Loans

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 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%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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 $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 for 2022-06-01 was $369,900, a difference of $35,200 (10.5%) versus the prior year and $16,450 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-06-01 was 29 days. This is -25% shorter than the same period one year ago.

    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.

    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.