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.