Corpus Christi VA Loans
CORPUS CHRISTI, 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.
Corpus Christi's 123 lenders originated 1,824 VA
loans during 2021. The total origination value was $476,310,000, with an average VA loan value of
$261,135.
Corpus Christi VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Corpus Christi
averaged
5.68%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.59% and
one month ago for the week of 2022-04-15, the
average rate was 5.15%.
The average rate one year ago was 3.44%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.03%.
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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Corpus Christi level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
Mortgage Research Center, LLC
|
190
|
2.91%
|
$6,402
|
FREEDOM MORTGAGE CORPORATION
|
144
|
2.46%
|
$2,996
|
CALIBER HOME LOANS, INC.
|
128
|
2.60%
|
$6,247
|
NAVY FEDERAL CREDIT UNION
|
111
|
2.50%
|
$5,446
|
QUICKEN LOANS, LLC
|
104
|
2.46%
|
$4,771
|
USAA Federal Savings Bank
|
66
|
2.90%
|
$5,687
|
PENNYMAC LOAN SERVICES, LLC
|
55
|
2.45%
|
$5,729
|
GUILD MORTGAGE COMPANY
|
54
|
2.89%
|
$8,468
|
GUARANTEED RATE, INC.
|
43
|
2.82%
|
$6,619
|
UNITED WHOLESALE MORTGAGE, LLC
|
43
|
2.58%
|
$5,347
|
DHI MORTGAGE COMPANY, LTD.
|
42
|
2.81%
|
$8,173
|
WILLOW BEND MORTGAGE COMPANY, LLC
|
31
|
2.80%
|
$7,214
|
AMCAP MORTGAGE, LTD.
|
30
|
3.18%
|
$8,022
|
HOME POINT FINANCIAL CORPORATION
|
28
|
2.49%
|
$7,801
|
LOANDEPOT.COM, LLC
|
27
|
2.62%
|
$5,405
|
Mr. Cooper ( Nationstar Mortgage )
|
23
|
2.92%
|
$3,674
|
VILLAGE CAPITAL & INVESTMENT LLC
|
23
|
2.35%
|
$2,827
|
CLEARPATH LENDING
|
20
|
2.36%
|
$3,427
|
Wells Fargo Bank
|
20
|
2.41%
|
$5,942
|
NEW DAY FINANCIAL, LLC
|
19
|
2.36%
|
$4,045
|
LAKEVIEW LOAN SERVICING, LLC
|
16
|
2.47%
|
$3,076
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
14
|
3.10%
|
$6,171
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
14
|
3.46%
|
$6,812
|
UNION HOME MORTGAGE CORP.
|
13
|
2.67%
|
$8,930
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
13
|
2.83%
|
$5,653
|
MID AMERICA MORTGAGE, INC.
|
12
|
2.86%
|
$4,292
|
CORNERSTONE HOME LENDING, INC.
|
10
|
3.04%
|
$7,042
|
Gateway First Bank
|
10
|
2.96%
|
$6,824
|
PANORAMA MORTGAGE GROUP, LLC
|
10
|
2.97%
|
$6,498
|
CERTAINTY HOME LOANS, LLC
|
10
|
2.90%
|
$4,941
|
Low VA Rates, LLC
|
9
|
2.56%
|
$3,499
|
PLANET HOME LENDING, LLC
|
8
|
2.53%
|
$3,059
|
Lakeview Community Capital, LLC
|
8
|
2.47%
|
$3,618
|
Carrington Mortgage Services, LLC
|
8
|
3.25%
|
$6,289
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
7
|
2.54%
|
$4,717
|
ACCELERATE MORTGAGE, LLC
|
7
|
2.25%
|
$4,380
|
LEGEND LENDING CORPORATION
|
7
|
3.07%
|
$6,790
|
Barrington Bank & Trust Company, N.A.
|
7
|
2.82%
|
$6,050
|
PLAZA HOME MORTGAGE, INC.
|
7
|
2.66%
|
$7,395
|
ASPIRE FINANCIAL, INC.
|
7
|
2.55%
|
$7,501
|
NP, Inc.
|
6
|
2.35%
|
$4,006
|
InterContinental Capital Group, Inc
|
6
|
2.33%
|
$3,571
|
AMERICAN FINANCIAL NETWORK, INC.
|
6
|
2.33%
|
$7,510
|
PENTAGON FEDERAL CREDIT UNION
|
5
|
2.33%
|
$5,329
|
AMERICAN FINANCING CORPORATION
|
5
|
2.48%
|
$6,546
|
BROKER SOLUTIONS, INC.
|
5
|
2.52%
|
$4,456
|
EVERETT FINANCIAL, INC.
|
5
|
3.35%
|
$7,722
|
First Guaranty Mortgage Corporation
|
5
|
2.45%
|
$3,178
|
First National Bank Texas
|
5
|
2.80%
|
$8,349
|
MOVEMENT MORTGAGE, LLC
|
5
|
3.38%
|
$6,223
|
NEWREZ LLC
|
5
|
2.60%
|
$3,111
|
ACADEMY MORTGAGE CORPORATION
|
5
|
3.33%
|
$10,223
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
2.33%
|
$3,928
|
AmeriHome Mortgage Company, LLC
|
4
|
3.00%
|
$2,911
|
RB MORTGAGE LLC
|
4
|
2.53%
|
$3,609
|
CMG MORTGAGE, INC.
|
4
|
2.88%
|
$15,411
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
4
|
3.06%
|
$6,279
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
4
|
3.31%
|
$7,406
|
NBKC BANK
|
4
|
2.59%
|
$5,803
|
BNC National Bank
|
3
|
2.67%
|
$5,935
|
NATIONS RELIABLE LENDING, LLC
|
3
|
3.88%
|
$2,167
|
STEARNS LENDING, LLC
|
3
|
2.58%
|
$3,826
|
North American Savings Bank, F.S.B.
|
3
|
2.33%
|
$6,260
|
The Federal Savings Bank
|
3
|
2.67%
|
$3,197
|
THRIVE MORTGAGE, LLC
|
3
|
2.54%
|
$5,509
|
Flagstar Bank, FSB
|
3
|
3.29%
|
$7,939
|
CROSSCOUNTRY MORTGAGE, LLC
|
2
|
2.81%
|
$3,019
|
FBC MORTGAGE, LLC
|
2
|
2.99%
|
$10,332
|
Amerifirst Financial, Inc.
|
2
|
3.00%
|
$2,825
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
2.25%
|
$3,943
|
AMERISAVE MORTGAGE CORPORATION
|
2
|
2.44%
|
$6,465
|
Meridian Bank Corporation
|
2
|
2.25%
|
$5,781
|
TJC Mortgage, Inc.
|
2
|
2.38%
|
$13,787
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
2
|
2.56%
|
$4,526
|
Paramount Residential Mortgage Group, Inc.
|
2
|
3.50%
|
$3,917
|
KS StateBank
|
2
|
2.56%
|
$9,368
|
ANGEL OAK HOME LOANS LLC
|
2
|
2.50%
|
$6,063
|
MORTGAGE FINANCIAL SERVICES, LLC
|
2
|
3.00%
|
$7,809
|
Commerce Home Mortgage, Inc.
|
2
|
2.75%
|
$4,533
|
Prosperity Home Mortgage, LLC
|
2
|
2.75%
|
$14,903
|
SOUTHWEST FUNDING, LP
|
2
|
3.13%
|
$10,485
|
Community First National Bank
|
2
|
2.25%
|
$2,846
|
Priority Bank
|
1
|
2.25%
|
$7,836
|
Atlantic Home Loans, Inc.
|
1
|
2.75%
|
$4,705
|
S1L, Inc.
|
1
|
2.88%
|
$22,755
|
SENTE MORTGAGE, INC.
|
1
|
2.88%
|
$3,097
|
Strong Home Mortgage, LLC
|
1
|
2.50%
|
$13,736
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
2.75%
|
$4,240
|
The Home Loan Expert LLC
|
1
|
2.25%
|
$9,947
|
Truist Bank
|
1
|
2.75%
|
$2,815
|
Assurance Financial Group, L.L.C.
|
1
|
2.88%
|
$2,853
|
VAN DYK MORTGAGE CORPORATION
|
1
|
2.63%
|
$8,647
|
First National Bank of Omaha
|
1
|
3.25%
|
$4,480
|
First Mortgage Solutions, LLC
|
1
|
2.63%
|
$9,897
|
PREMIA MORTGAGE, LLC
|
1
|
2.75%
|
$4,235
|
Extraco Banks
|
1
|
3.75%
|
$3,066
|
HOMESIDE FINANCIAL, LLC
|
1
|
2.63%
|
$14,205
|
Hometown Equity Mortgage, LLC
|
1
|
2.50%
|
$20,168
|
INTERCAP LENDING INC.
|
1
|
2.25%
|
$1,502
|
DIRECTIONS EQUITY, LLC
|
1
|
2.88%
|
$5,176
|
Ixonia Bank
|
1
|
2.38%
|
$8,177
|
DAS Acquisition Company, LLC
|
1
|
4.63%
|
$4,077
|
CRESTMARK MORTGAGE COMPANY, LTD.
|
1
|
2.75%
|
$5,291
|
LENDUS, LLC
|
1
|
1.75%
|
$21,959
|
Credence Funding Corporation
|
1
|
2.25%
|
$2,025
|
LOANPAL, LLC
|
1
|
2.75%
|
$3,126
|
CONTOUR MORTGAGE CORPORATION
|
1
|
2.88%
|
$6,427
|
Manufacturers and Traders Trust Company
|
1
|
2.88%
|
$1,791
|
MORTGAGE ACCESS CORP.
|
1
|
2.75%
|
$3,464
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
1
|
3.25%
|
$6,108
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
2.25%
|
$3,985
|
Nations Lending Corporation
|
1
|
2.25%
|
$2,188
|
CITY FIRST MORTGAGE SERVICES, L.L.C.
|
1
|
3.75%
|
$4,791
|
NETWORK CAPITAL FUNDING CORPORATION
|
1
|
2.25%
|
$2,949
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
3.75%
|
$3,530
|
NFM, INC.
|
1
|
2.88%
|
$11,978
|
CELEBRITY HOME LOANS, LLC
|
1
|
2.25%
|
$12,254
|
CALIFORNIA CREDIT UNION
|
1
|
3.50%
|
$0
|
West Town Bank & Trust
|
1
|
2.25%
|
$3,603
|
PHH Mortgage Corporation
|
1
|
3.13%
|
$2,890
|
BancorpSouth Bank
|
1
|
3.13%
|
$11,366
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
1
|
3.00%
|
$16,115
|
Austin Capital Bank SSB
|
1
|
2.88%
|
$8,429
|
The top Corpus Christi VA lender as defined by loan originations is Mortgage Research Center, LLC, with
190 VA loans originated. Their average total fees are
$6,402, which is $3,406
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Corpus Christi VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($2,827), FREEDOM MORTGAGE CORPORATION ($2,996), LAKEVIEW LOAN SERVICING, LLC ($3,076), CLEARPATH LENDING ($3,427) and Mr. Cooper ( Nationstar Mortgage ) ($3,674).
The lowest rate Corpus Christi VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC (2.35%), NEW DAY FINANCIAL, LLC (2.36%), CLEARPATH LENDING (2.36%), Wells Fargo Bank (2.41%) and PENNYMAC LOAN SERVICES, LLC (2.45%).
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.