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 -0.27% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2023-05-26) was 6.16% and one month ago for the week of 2023-04-28, the average rate was 5.81%.

    The average rate one year ago was 4.97%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.27%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Corpus Christi (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 $229,900 (0.1%) $293,823 (-1.2%) 0.85 1,900
    2018-02-01 $234,025 (1.2%) $294,829 (-0.9%) 0.85 1,908
    2018-03-01 $238,950 (1.7%) $304,542 (0.1%) 0.84 1,909
    2018-04-01 $239,900 (0.4%) $309,544 (-0.3%) 0.81 1,943
    2018-05-01 $239,900 (2.1%) $311,737 (1.6%) 0.80 1,946
    2018-06-01 $238,900 (1.7%) $308,836 (0.1%) 0.80 2,035
    2018-07-01 $239,000 (1.7%) $310,423 (1.0%) 0.80 2,035
    2018-08-01 $239,700 (1.1%) $309,434 (0.3%) 0.80 2,077
    2018-09-01 $239,431 (3.2%) $310,442 (2.8%) 0.81 2,085
    2018-10-01 $237,000 (3.1%) $309,902 (5.1%) 0.80 2,072
    2018-11-01 $233,950 (1.8%) $305,917 (5.2%) 0.79 2,050
    2018-12-01 $234,900 (2.2%) $305,753 (5.8%) 0.81 1,929
    2019-01-01 $237,250 (3.2%) $307,825 (4.8%) 0.82 1,888
    2019-02-01 $239,900 (2.5%) $312,260 (5.9%) 0.81 1,917
    2019-03-01 $244,066 (2.1%) $319,706 (5.0%) 0.80 1,940
    2019-04-01 $249,750 (4.1%) $327,887 (5.9%) 0.79 1,967
    2019-05-01 $249,950 (4.2%) $330,517 (6.0%) 0.78 2,032
    2019-06-01 $249,900 (4.6%) $328,481 (6.4%) 0.78 2,061
    2019-07-01 $249,900 (4.6%) $331,059 (6.7%) 0.78 2,055
    2019-08-01 $250,745 (4.6%) $332,502 (7.5%) 0.79 2,027
    2019-09-01 $252,014 (5.3%) $334,784 (7.8%) 0.81 1,985
    2019-10-01 $252,659 (6.6%) $335,811 (8.4%) 0.82 1,944
    2019-11-01 $249,000 (6.4%) $331,304 (8.3%) 0.82 1,926
    2019-12-01 $249,900 (6.4%) $332,033 (8.6%) 0.83 1,862
    2020-01-01 $249,000 (5.0%) $330,849 (7.5%) 0.83 1,775
    2020-02-01 $254,900 (6.3%) $339,841 (8.8%) 0.84 1,737
    2020-03-01 $262,974 (7.8%) $354,806 (11.0%) 0.82 1,747
    2020-04-01 $259,450 (3.9%) $354,128 (8.0%) 0.81 1,739
    2020-05-01 $269,500 (7.8%) $361,920 (9.5%) 0.82 1,575
    2020-06-01 $269,500 (7.8%) $368,837 (12.3%) 0.79 1,379
    2020-07-01 $271,950 (8.8%) $377,031 (13.9%) 0.79 1,279
    2020-08-01 $278,000 (10.9%) $376,870 (13.3%) 0.80 1,220
    2020-09-01 $279,925 (11.1%) $388,177 (16.0%) 0.80 1,186
    2020-10-01 $279,900 (10.8%) $389,667 (16.0%) 0.80 1,130
    2020-11-01 $279,675 (12.3%) $383,906 (15.9%) 0.82 1,151
    2020-12-01 $271,963 (8.8%) $380,951 (14.7%) 0.81 1,083
    2021-01-01 $269,900 (8.4%) $385,095 (16.4%) 0.81 968
    2021-02-01 $272,413 (6.9%) $385,507 (13.4%) 0.79 902
    2021-03-01 $275,000 (4.6%) $385,671 (8.7%) 0.78 827
    2021-04-01 $276,400 (6.5%) $393,138 (11.0%) 0.75 760
    2021-05-01 $292,450 (8.5%) $418,797 (15.7%) 0.78 686
    2021-06-01 $290,665 (7.9%) $421,213 (14.2%) 0.77 701
    2021-07-01 $298,000 (9.6%) $428,274 (13.6%) 0.79 831
    2021-08-01 $298,750 (7.5%) $419,218 (11.2%) 0.80 909
    2021-09-01 $289,028 (3.3%) $405,662 (4.5%) 0.77 960
    2021-10-01 $294,950 (5.4%) $404,759 (3.9%) 0.79 936
    2021-11-01 $294,723 (5.4%) $405,330 (5.6%) 0.79 887
    2021-12-01 $285,950 (5.1%) $397,165 (4.3%) 0.78 829
    2022-01-01 $289,900 (7.4%) $402,697 (4.6%) 0.78 823
    2022-02-01 $299,450 (9.9%) $426,264 (10.6%) 0.78 749
    2022-03-01 $305,200 (11.0%) $433,681 (12.5%) 0.76 733
    2022-04-01 $315,000 (14.0%) $428,787 (9.1%) 0.75 779
    2022-05-01 $331,700 (13.4%) $435,222 (3.9%) 0.76 924
    2022-06-01 $332,400 (14.4%) $440,064 (4.5%) 0.74 1,082
    2022-07-01 $320,000 (7.4%) $431,824 (0.8%) 0.72 1,329
    2022-08-01 $313,308 (4.9%) $427,462 (2.0%) 0.72 1,457
    2022-09-01 $313,036 (8.3%) $428,864 (5.7%) 0.73 1,415
    2022-10-01 $310,115 (5.1%) $429,472 (6.1%) 0.73 1,450
    2022-11-01 $310,899 (5.5%) $432,555 (6.7%) 0.75 1,498
    2022-12-01 $313,550 (9.7%) $427,184 (7.6%) 0.77 1,407
    2023-01-01 $319,000 (10.0%) $428,056 (6.3%) 0.79 1,350
    2023-02-01 $326,595 (9.1%) $445,108 (4.4%) 0.79 1,310
    2023-03-01 $331,460 (8.6%) $455,107 (4.9%) 0.78 1,342
    2023-04-01 $349,900 (11.1%) $471,407 (9.9%) 0.81 1,341
    2023-05-01 $355,620 (7.2%) $491,038 (12.8%) 0.81 1,363
    Corpus Christi's median listing price for 2023-05-01 was $355,620, a difference of $23,920 (7.2%) versus the prior year and $5,720 versus the prior month.

    Corpus Christi's median listing price comes in at 81% of the national average.

    Corpus Christi's average listing price for 2023-05-01 was $491,038, a difference of $55,816 (12.8%) versus the prior year and $19,631 versus the prior month.

    For the 2023-05-01 period, Corpus Christi had 1,363 MLS listings, a difference of 22 listings (2%) versus the prior month and 439 listings (48%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Corpus Christi (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 98 days 1,818 sqft
    2018-02-01 88 days 1,823 sqft
    2018-03-01 66 days 1,844 sqft
    2018-04-01 63 days 1,857 sqft
    2018-05-01 64 days 1,851 sqft
    2018-06-01 64 days 1,856 sqft
    2018-07-01 62 days 1,864 sqft
    2018-08-01 65 days 1,874 sqft
    2018-09-01 73 days 1,885 sqft
    2018-10-01 77 days 1,889 sqft
    2018-11-01 82 days 1,877 sqft
    2018-12-01 87 days 1,850 sqft
    2019-01-01 93 days 1,839 sqft
    2019-02-01 83 days 1,815 sqft
    2019-03-01 76 days 1,828 sqft
    2019-04-01 72 days 1,848 sqft
    2019-05-01 73 days 1,845 sqft
    2019-06-01 75 days 1,850 sqft
    2019-07-01 74 days 1,844 sqft
    2019-08-01 76 days 1,854 sqft
    2019-09-01 78 days 1,863 sqft
    2019-10-01 80 days 1,870 sqft
    2019-11-01 89 days 1,850 sqft
    2019-12-01 97 days 1,834 sqft
    2020-01-01 92 days 1,824 sqft
    2020-02-01 87 days 1,813 sqft
    2020-03-01 67 days 1,832 sqft
    2020-04-01 73 days 1,798 sqft
    2020-05-01 85 days 1,845 sqft
    2020-06-01 86 days 1,856 sqft
    2020-07-01 73 days 1,878 sqft
    2020-08-01 75 days 1,877 sqft
    2020-09-01 73 days 1,869 sqft
    2020-10-01 71 days 1,878 sqft
    2020-11-01 72 days 1,807 sqft
    2020-12-01 81 days 1,814 sqft
    2021-01-01 85 days 1,781 sqft
    2021-02-01 66 days 1,800 sqft
    2021-03-01 65 days 1,775 sqft
    2021-04-01 60 days 1,729 sqft
    2021-05-01 51 days 1,785 sqft
    2021-06-01 52 days 1,763 sqft
    2021-07-01 45 days 1,790 sqft
    2021-08-01 51 days 1,762 sqft
    2021-09-01 52 days 1,740 sqft
    2021-10-01 56 days 1,740 sqft
    2021-11-01 59 days 1,743 sqft
    2021-12-01 57 days 1,735 sqft
    2022-01-01 63 days 1,735 sqft
    2022-02-01 56 days 1,761 sqft
    2022-03-01 48 days 1,757 sqft
    2022-04-01 39 days 1,751 sqft
    2022-05-01 38 days 1,777 sqft
    2022-06-01 40 days 1,756 sqft
    2022-07-01 44 days 1,750 sqft
    2022-08-01 51 days 1,697 sqft
    2022-09-01 63 days 1,680 sqft
    2022-10-01 68 days 1,720 sqft
    2022-11-01 77 days 1,733 sqft
    2022-12-01 75 days 1,734 sqft
    2023-01-01 82 days 1,740 sqft
    2023-02-01 73 days 1,740 sqft
    2023-03-01 62 days 1,776 sqft
    2023-04-01 62 days 1,775 sqft
    2023-05-01 64 days 1,773 sqft
    Corpus Christi's median listing age (time on market) for 2023-05-01 was 64 days. This is 71% longer than the same period one year ago.

    Corpus Christi's median square footage for active listings during the 2023-05-01 period was 1,773 sqft. One year prior, the average listing was 1,777 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.