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 87 lenders originated 793 VA loans during 2023. The total origination value was $261,445,000, with an average VA loan value of $329,691.

    Corpus Christi VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Corpus Christi averaged 6.6% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Corpus Christi's average VA mortgage closing costs are $6,426.

    The average rate for the prior week (2024-07-12) was 6.34% and one month ago for the week of 2024-06-14, the average rate was 6.6%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.75%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 126 6.64% $6,966
    DHI MORTGAGE COMPANY, LTD. 108 5.38% $7,641
    NAVY FEDERAL CREDIT UNION 89 5.82% $6,993
    UNITED WHOLESALE MORTGAGE, LLC 48 6.48% $10,475
    GARDNER FINANCIAL SERVICES, LTD. 26 6.69% $12,137
    CROSSCOUNTRY MORTGAGE, LLC 25 6.56% $8,940
    USAA Federal Savings Bank 23 6.39% $9,814
    GUILD MORTGAGE COMPANY 22 6.43% $13,522
    NEWREZ LLC 21 6.51% $10,464
    CMG MORTGAGE, INC. 19 6.14% $12,192
    QUICKEN LOANS, LLC 18 6.17% $14,576
    FREEDOM MORTGAGE CORPORATION 12 6.59% $7,291
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.43% $12,145
    MID AMERICA MORTGAGE, INC. 11 6.74% $18,939
    PENNYMAC LOAN SERVICES, LLC 10 5.66% $8,634
    EAGLE HOME MORTGAGE, LLC 10 4.85% $5,784
    PENTAGON FEDERAL CREDIT UNION 9 5.83% $12,116
    PLAZA HOME MORTGAGE, INC. 8 6.28% $11,657
    AMCAP MORTGAGE, LTD. 8 6.67% $9,102
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.80% $9,353
    UNION HOME MORTGAGE CORP. 7 6.84% $11,129
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 8.13% $2,622
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.39% $11,618
    WILLOW BEND MORTGAGE COMPANY, LLC 6 6.67% $9,129
    LEGEND LENDING CORPORATION 6 6.69% $10,908
    LOANDEPOT.COM, LLC 5 6.42% $8,501
    First National Bank Texas 5 6.45% $8,147
    ACADEMY MORTGAGE CORPORATION 5 6.18% $11,033
    Barrington Bank & Trust Company, N.A. 5 6.35% $8,497
    Paramount Residential Mortgage Group, Inc. 5 6.23% $9,922
    GUARANTEED RATE, INC. 4 5.78% $10,636
    Gateway First Bank 4 5.93% $6,663
    Mid-Continent Funding, Inc. 3 5.50% $15,872
    Plains Commerce Bank 3 6.25% $9,830
    CARDINAL FINANCIAL 3 6.25% $17,894
    U.S. Bank 3 6.25% $10,504
    Neighborhood Loans, Inc. 3 6.28% $10,998
    Equity Prime Mortgage LLC 3 7.25% $10,943
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.75% $4,418
    Extraco Banks 3 6.46% $15,982
    SECURITYNATIONAL MORTGAGE COMPANY 3 6.13% $12,540
    The Central Trust Bank 2 4.94% $14,513
    BROKER SOLUTIONS, INC. 2 6.38% $18,188
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.12% $14,926
    Ixonia Bank 2 6.19% $8,612
    MOVEMENT MORTGAGE, LLC 2 6.25% $5,391
    NBKC BANK 2 6.00% $9,065
    Wells Fargo Bank 2 6.50% $10,325
    LOANFLIGHT LENDING, LLC 1 6.25% $11,488
    Watermark Capital, Inc. 1 5.50% $10,396
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $14,256
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.13% $8,339
    LEADERONE FINANCIAL CORPORATION 1 6.38% $7,691
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $3,710
    LAKEVIEW LOAN SERVICING, LLC 1 5.00% $12,324
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $14,325
    Network Funding, L.P. 1 6.75% $7,206
    NEW DAY FINANCIAL, LLC 1 7.50% $7,030
    KBHS HOME LOANS, LLC 1 6.25% $3,066
    NFM, INC. 1 7.63% $14,253
    Northpointe Bank 1 5.50% $13,540
    JPMorgan Chase Bank 1 6.25% $14,195
    GREENSTATE CREDIT UNION 1 5.63% $9,187
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $13,042
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.75% $7,645
    EVERETT FINANCIAL, INC. 1 7.75% $9,732
    PREMIA MORTGAGE, LLC 1 5.75% $4,280
    Presidential Bank, FSB 1 6.25% $8,016
    DIRECTIONS EQUITY, LLC 1 5.75% $6,901
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.00% $10,000
    Citizens Bank 1 7.25% $15,682
    RB MORTGAGE LLC 1 6.00% $3,053
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $3,836
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.50% $11,331
    CADENCE LENDING GROUP, INC. 1 4.57% $12,119
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $8,217
    BNC National Bank 1 5.00% $7,323
    THRIVE MORTGAGE, LLC 1 5.75% $9,666
    TJC Mortgage, Inc. 1 6.25% $4,838
    BancorpSouth 1 6.88% $4,758
    AXIA FINANCIAL, LLC 1 5.50% $6,737
    Assurance Financial Group, L.L.C. 1 5.63% $10,002
    AmeriHome Mortgage Company, LLC 1 6.75% $7,968
    V.I.P. MORTGAGE, INC. 1 6.75% $3,428
    MANN FINANCIAL INC. 1 7.00% $19,250
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.99% $8,015
    Loan Simple, Inc. 1 5.75% $12,756

    The top Corpus Christi VA lender as defined by loan originations is Mortgage Research Center, LLC, with 126 VA loans originated. Their average total fees are $6,966, which is $674 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Corpus Christi VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($5,784), Mortgage Research Center, LLC ($6,966), NAVY FEDERAL CREDIT UNION ($6,993), FREEDOM MORTGAGE CORPORATION ($7,291) and DHI MORTGAGE COMPANY, LTD. ($7,641).

    The lowest rate Corpus Christi VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.85%), DHI MORTGAGE COMPANY, LTD. (5.38%), PENNYMAC LOAN SERVICES, LLC (5.66%), NAVY FEDERAL CREDIT UNION (5.82%) and CMG MORTGAGE, INC. (6.14%).

    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.