Corpus Christi VA Loan Rates, Closing Costs & Stats

CORPUS CHRISTI, 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.

    Corpus Christi's 120 lenders originated 1,004 VA loans during 2022. The total origination value was $316,200,000, with an average VA loan value of $314,940.

    Corpus Christi VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Corpus Christi averaged 6.6% for the week of 2023-12-01, compared to the national average (all VA variants) of 6.774% for the same period.

    Corpus Christi's average VA mortgage closing costs are $6,078.

    The average rate for the prior week (2023-11-24) was 6.53% and one month ago for the week of 2023-10-27, the average rate was 7.47%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.6%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Corpus Christi 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 Corpus Christi level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 153 5.00% $7,765
    DHI MORTGAGE COMPANY, LTD. 126 4.10% $7,506
    NAVY FEDERAL CREDIT UNION 102 4.11% $6,649
    UNITED WHOLESALE MORTGAGE, LLC 41 4.11% $8,923
    USAA Federal Savings Bank 30 4.30% $10,683
    QUICKEN LOANS, LLC 26 4.17% $10,156
    EVERETT FINANCIAL, INC. 26 4.91% $7,734
    GUILD MORTGAGE COMPANY 25 5.21% $12,308
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 5.10% $8,803
    CALIBER HOME LOANS, INC. 20 3.99% $9,074
    GUARANTEED RATE, INC. 18 4.04% $9,547
    WILLOW BEND MORTGAGE COMPANY, LLC 18 4.55% $8,803
    PENNYMAC LOAN SERVICES, LLC 18 3.40% $5,555
    LOANDEPOT.COM, LLC 17 5.01% $9,154
    FREEDOM MORTGAGE CORPORATION 17 4.79% $9,455
    PRIMARY RESIDENTIAL MORTGAGE, INC. 16 5.49% $8,719
    CMG MORTGAGE, INC. 14 4.96% $15,527
    LEGEND LENDING CORPORATION 14 5.46% $15,518
    Mr. Cooper ( Nationstar Mortgage ) 11 3.15% $6,173
    CROSSCOUNTRY MORTGAGE, LLC 11 5.91% $12,045
    Gateway First Bank 10 4.83% $6,391
    First National Bank Texas 9 4.63% $5,680
    HOME POINT FINANCIAL CORPORATION 9 4.32% $13,096
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 5.19% $11,398
    PENTAGON FEDERAL CREDIT UNION 8 3.77% $5,051
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 4.59% $10,156
    ACADEMY MORTGAGE CORPORATION 5 5.65% $9,826
    UNION HOME MORTGAGE CORP. 5 4.40% $7,295
    BROKER SOLUTIONS, INC. 5 4.15% $12,157
    MOVEMENT MORTGAGE, LLC 5 4.43% $10,949
    SWBC MORTGAGE CORPORATION 4 5.59% $14,920
    Armed Forces Bank 4 5.25% $4,952
    MID AMERICA MORTGAGE, INC. 4 4.25% $18,003
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.13% $9,595
    Equity Prime Mortgage LLC 4 6.47% $8,559
    Flagstar Bank, FSB 4 3.93% $6,555
    Wells Fargo Bank 3 4.21% $3,131
    AMERISAVE MORTGAGE CORPORATION 3 3.42% $6,637
    RB MORTGAGE LLC 3 3.75% $3,327
    MORTGAGEONE, INC. 3 4.38% $7,054
    AMCAP MORTGAGE, LTD. 3 4.08% $18,436
    NBKC BANK 3 5.29% $11,962
    SUN WEST MORTGAGE COMPANY, INC. 3 5.13% $25,898
    CERTAINTY HOME LOANS, LLC 3 5.25% $5,512
    DAS Acquisition Company, LLC 2 5.62% $15,646
    Mid-Continent Funding, Inc. 2 5.56% $5,618
    NATIONS RELIABLE LENDING, LLC 2 4.25% $5,612
    Bank of America 2 3.63% $325
    NEW DAY FINANCIAL, LLC 2 2.75% $16,157
    NEWREZ LLC 2 5.19% $7,954
    North American Savings Bank, F.S.B. 2 3.81% $6,065
    Barrington Bank & Trust Company, N.A. 2 5.50% $8,695
    BOKF 2 5.31% $11,049
    SECURITYNATIONAL MORTGAGE COMPANY 2 4.69% $14,475
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.00% $10,901
    CARDINAL FINANCIAL 2 4.50% $11,382
    Sunflower Bank 2 5.63% $9,395
    GUARANTEED RATE AFFINITY, LLC 2 5.46% $5,444
    The Federal Savings Bank 2 2.88% $7,557
    ASPIRE FINANCIAL, INC. 2 3.50% $5,461
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 4.06% $5,458
    CORNERSTONE HOME LENDING, INC. 2 4.63% $3,479
    DIRECTIONS EQUITY, LLC 2 4.63% $19,543
    LEADERONE FINANCIAL CORPORATION 2 5.13% $7,686
    Low VA Rates, LLC 2 4.44% $13,076
    ZILLOW HOME LOANS, LLC 1 4.00% $16,823
    ALAMEDA MORTGAGE CORPORATION 1 5.99% $23,700
    AMERICAN FINANCING CORPORATION 1 4.63% $15,478
    AMERICAN INTERNET MORTGAGE, INC. 1 4.38% $14,405
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.00% $17,829
    Austin Capital Bank SSB 1 5.50% $10,608
    Bank of England 1 2.75% $12,576
    BELEM SERVICING LLC 1 5.75% $9,674
    BNC National Bank 1 3.25% $9,477
    Century Mortgage Company DBA Century Lending Company 1 5.50% $0
    DRAPER AND KRAMER MORTGAGE CORP. 1 4.88% $11,638
    Extraco Banks 1 7.13% $4,844
    FBC MORTGAGE, LLC 1 5.75% $8,285
    FINANCE OF AMERICA MORTGAGE LLC 1 4.38% $7,111
    First Guaranty Mortgage Corporation 1 4.13% $15,337
    First Horizon Bank 1 5.38% $10,283
    First Internet Bank of Indiana 1 3.88% $9,234
    First Mortgage Solutions, LLC 1 3.38% $5,452
    Goldwater Bank, N.A. 1 4.25% $8,315
    GREAT WESTERN FINANCIAL SERVICES, INC. 1 4.63% $7,699
    GUARANTY HOME MORTGAGE CORPORATION 1 4.63% $6,330
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.25% $8,082
    HOMESIDE FINANCIAL, LLC 1 4.25% $11,756
    HOMETRUST MORTGAGE COMPANY 1 4.13% $4,288
    INTERLINC MORTGAGE SERVICES, LLC 1 5.63% $9,691
    Inwood National Bank 1 2.99% $17,094
    JPMorgan Chase Bank 1 3.38% $7,646
    Lakeview Community Capital, LLC 1 3.38% $1,558
    LAKEVIEW LOAN SERVICING, LLC 1 2.75% $4,795
    Magnolia Bank 1 6.13% $5,569
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.75% $4,845
    NBH Bank 1 4.63% $4,994
    NexBank 1 5.00% $19,554
    NFM, INC. 1 7.25% $7,251
    NTFN, INC. 1 5.63% $15,011
    OPEN MORTGAGE, LLC 1 7.00% $5,193
    Paramount Residential Mortgage Group, Inc. 1 4.63% $14,670
    PLAZA HOME MORTGAGE, INC. 1 3.13% $8,209
    PREMIA MORTGAGE, LLC 1 2.25% $17,745
    S1L, Inc. 1 2.99% $2,037
    Semper Home Loans, Inc. 1 5.00% $11,268
    SFMC, LP 1 5.50% $14,053
    Sierra Pacific Mortgage Company, Inc. 1 3.88% $8,759
    SIRVA MORTGAGE, INC. 1 4.38% $31,441
    SOUTHERN LENDING SERVICES, LTD. 1 4.13% $10,789
    SUMMIT FUNDING, INC. 1 3.88% $13,114
    T2 FINANCIAL LLC 1 4.13% $28,094
    The Central Trust Bank 1 5.75% $13,658
    THRIVE MORTGAGE, LLC 1 4.13% $19,740
    Truist 1 4.60% $4,945
    U.S. Bank 1 6.75% $18,255
    VILLAGE CAPITAL MORTGAGE 1 2.25% $3,528
    V.I.P. MORTGAGE, INC. 1 3.88% $9,946
    Willamette Valley Bank 1 6.38% $10,019
    Wyndham Capital Mortgage, Inc. 1 6.63% $4,154

    The top Corpus Christi VA lender as defined by loan originations is Mortgage Research Center, LLC, with 153 VA loans originated. Their average total fees are $7,765, which is $258 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Corpus Christi VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($5,555), Mr. Cooper ( Nationstar Mortgage ) ($6,173), Gateway First Bank ($6,391), NAVY FEDERAL CREDIT UNION ($6,649) and DHI MORTGAGE COMPANY, LTD. ($7,506).

    The lowest rate Corpus Christi VA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) (3.15%), PENNYMAC LOAN SERVICES, LLC (3.40%), CALIBER HOME LOANS, INC. (3.99%), GUARANTEED RATE, INC. (4.04%) and DHI MORTGAGE COMPANY, LTD. (4.10%).

    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.