Corpus Christi VA Loan Rates, Closing Costs & Stats

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 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.