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%.

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.