Corpus Christi VA Loans

CORPUS CHRISTI, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.