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 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 6.56% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.69% and one month ago for the week of 2024-04-19, the average rate was 7.06%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.21%.

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%).


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%) $294,715 (-1.1%) 0.85 1,902
2018-02-01 $234,050 (1.1%) $295,657 (-0.9%) 0.85 1,911
2018-03-01 $239,000 (1.8%) $305,410 (0.1%) 0.84 1,911
2018-04-01 $239,900 (0.4%) $309,569 (-0.6%) 0.81 1,943
2018-05-01 $239,900 (2.1%) $312,554 (1.9%) 0.80 1,947
2018-06-01 $238,900 (1.7%) $309,723 (0.3%) 0.80 2,035
2018-07-01 $239,000 (1.7%) $311,260 (1.3%) 0.80 2,036
2018-08-01 $239,900 (1.2%) $310,308 (0.6%) 0.80 2,076
2018-09-01 $239,431 (3.2%) $310,540 (2.8%) 0.80 2,084
2018-10-01 $237,000 (3.1%) $310,441 (5.3%) 0.80 2,074
2018-11-01 $233,975 (1.8%) $306,390 (5.4%) 0.79 2,052
2018-12-01 $234,900 (2.2%) $306,181 (5.9%) 0.81 1,932
2019-01-01 $237,328 (3.2%) $308,286 (4.6%) 0.82 1,891
2019-02-01 $239,900 (2.5%) $312,705 (5.8%) 0.81 1,920
2019-03-01 $244,069 (2.1%) $320,109 (4.8%) 0.80 1,943
2019-04-01 $249,750 (4.1%) $328,152 (6.0%) 0.79 1,969
2019-05-01 $249,950 (4.2%) $330,691 (5.8%) 0.78 2,027
2019-06-01 $249,900 (4.6%) $327,910 (5.9%) 0.78 2,052
2019-07-01 $249,900 (4.6%) $330,482 (6.2%) 0.78 2,046
2019-08-01 $250,541 (4.4%) $331,927 (7.0%) 0.79 2,018
2019-09-01 $251,502 (5.0%) $334,214 (7.6%) 0.80 1,976
2019-10-01 $252,018 (6.3%) $335,240 (8.0%) 0.81 1,935
2019-11-01 $249,000 (6.4%) $330,918 (8.0%) 0.82 1,919
2019-12-01 $249,900 (6.4%) $331,615 (8.3%) 0.83 1,855
2020-01-01 $249,000 (4.9%) $330,368 (7.2%) 0.83 1,776
2020-02-01 $254,900 (6.3%) $339,979 (8.7%) 0.83 1,739
2020-03-01 $262,775 (7.7%) $354,263 (10.7%) 0.82 1,748
2020-04-01 $259,450 (3.9%) $353,571 (7.8%) 0.81 1,738
2020-05-01 $269,500 (7.8%) $361,300 (9.3%) 0.82 1,574
2020-06-01 $269,475 (7.8%) $368,159 (12.3%) 0.79 1,378
2020-07-01 $271,950 (8.8%) $376,298 (13.9%) 0.79 1,278
2020-08-01 $278,000 (11.0%) $376,545 (13.4%) 0.80 1,220
2020-09-01 $279,925 (11.3%) $387,501 (15.9%) 0.80 1,186
2020-10-01 $279,900 (11.1%) $388,713 (16.0%) 0.80 1,129
2020-11-01 $279,450 (12.2%) $383,080 (15.8%) 0.82 1,150
2020-12-01 $271,438 (8.6%) $379,943 (14.6%) 0.81 1,082
2021-01-01 $269,900 (8.4%) $383,935 (16.2%) 0.81 967
2021-02-01 $272,413 (6.9%) $384,413 (13.1%) 0.79 900
2021-03-01 $275,000 (4.7%) $384,503 (8.5%) 0.78 825
2021-04-01 $276,400 (6.5%) $391,907 (10.8%) 0.75 758
2021-05-01 $292,450 (8.5%) $417,585 (15.6%) 0.78 684
2021-06-01 $290,665 (7.9%) $420,030 (14.1%) 0.77 699
2021-07-01 $298,000 (9.6%) $426,972 (13.5%) 0.79 829
2021-08-01 $298,750 (7.5%) $418,023 (11.0%) 0.80 908
2021-09-01 $288,750 (3.2%) $404,513 (4.4%) 0.77 959
2021-10-01 $295,000 (5.4%) $403,883 (3.9%) 0.79 935
2021-11-01 $294,723 (5.5%) $404,324 (5.6%) 0.79 885
2021-12-01 $286,475 (5.5%) $396,686 (4.4%) 0.78 828
2022-01-01 $289,700 (7.3%) $402,728 (4.9%) 0.78 822
2022-02-01 $299,450 (9.9%) $425,059 (10.6%) 0.78 746
2022-03-01 $304,594 (10.8%) $432,325 (12.4%) 0.76 732
2022-04-01 $315,000 (14.0%) $427,317 (9.0%) 0.75 777
2022-05-01 $331,403 (13.3%) $434,008 (3.9%) 0.76 923
2022-06-01 $330,975 (13.9%) $438,975 (4.5%) 0.74 1,081
2022-07-01 $320,000 (7.4%) $430,965 (0.9%) 0.72 1,327
2022-08-01 $313,000 (4.8%) $426,693 (2.1%) 0.72 1,455
2022-09-01 $312,786 (8.3%) $428,075 (5.8%) 0.73 1,413
2022-10-01 $310,000 (5.1%) $429,579 (6.4%) 0.73 1,448
2022-11-01 $310,839 (5.5%) $432,710 (7.0%) 0.75 1,498
2022-12-01 $313,550 (9.5%) $427,184 (7.7%) 0.77 1,407
2023-01-01 $319,000 (10.1%) $428,056 (6.3%) 0.79 1,350
2023-02-01 $326,595 (9.1%) $445,108 (4.7%) 0.79 1,310
2023-03-01 $330,648 (8.6%) $455,245 (5.3%) 0.78 1,340
2023-04-01 $349,900 (11.1%) $471,568 (10.4%) 0.81 1,340
2023-05-01 $355,000 (7.1%) $491,023 (13.1%) 0.81 1,363
2023-06-01 $360,000 (8.8%) $495,347 (12.8%) 0.81 1,540
2023-07-01 $356,876 (11.5%) $484,062 (12.3%) 0.81 1,597
2023-08-01 $355,000 (13.4%) $485,398 (13.8%) 0.82 1,672
2023-09-01 $347,910 (11.2%) $467,335 (9.2%) 0.81 1,769
2023-10-01 $347,578 (12.1%) $468,708 (9.1%) 0.82 1,838
2023-11-01 $347,750 (11.9%) $463,255 (7.1%) 0.83 1,859
2023-12-01 $339,995 (8.4%) $453,516 (6.2%) 0.83 1,832
2024-01-01 $339,450 (6.4%) $449,447 (5.0%) 0.83 1,802
2024-02-01 $335,000 (2.6%) $447,057 (0.4%) 0.81 1,836
2024-03-01 $345,000 (4.3%) $465,226 (2.2%) 0.81 1,946
2024-04-01 $349,449 (-0.1%) $471,538 (0.0%) 0.81 2,058
Corpus Christi's median listing price for 2024-04-01 was $349,449, a difference of $-451 (-0.1%) versus the prior year and $4,449 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 2024-04-01 was $471,538, a difference of $-30 (0.0%) versus the prior year and $6,312 versus the prior month.

For the 2024-04-01 period, Corpus Christi had 2,058 MLS listings, a difference of 112 listings (6%) versus the prior month and 718 listings (54%) 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 65 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 1,886 sqft
2018-10-01 77 days 1,890 sqft
2018-11-01 82 days 1,877 sqft
2018-12-01 87 days 1,850 sqft
2019-01-01 93 days 1,840 sqft
2019-02-01 83 days 1,815 sqft
2019-03-01 76 days 1,828 sqft
2019-04-01 72 days 1,850 sqft
2019-05-01 73 days 1,848 sqft
2019-06-01 75 days 1,850 sqft
2019-07-01 73 days 1,844 sqft
2019-08-01 76 days 1,855 sqft
2019-09-01 77 days 1,866 sqft
2019-10-01 80 days 1,874 sqft
2019-11-01 89 days 1,851 sqft
2019-12-01 96 days 1,837 sqft
2020-01-01 92 days 1,827 sqft
2020-02-01 87 days 1,815 sqft
2020-03-01 68 days 1,833 sqft
2020-04-01 73 days 1,798 sqft
2020-05-01 85 days 1,845 sqft
2020-06-01 86 days 1,855 sqft
2020-07-01 73 days 1,877 sqft
2020-08-01 75 days 1,877 sqft
2020-09-01 73 days 1,869 sqft
2020-10-01 71 days 1,876 sqft
2020-11-01 71 days 1,805 sqft
2020-12-01 81 days 1,812 sqft
2021-01-01 85 days 1,780 sqft
2021-02-01 66 days 1,800 sqft
2021-03-01 64 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 1,789 sqft
2021-08-01 51 days 1,761 sqft
2021-09-01 52 days 1,739 sqft
2021-10-01 56 days 1,740 sqft
2021-11-01 59 days 1,743 sqft
2021-12-01 57 days 1,736 sqft
2022-01-01 63 days 1,735 sqft
2022-02-01 56 days 1,757 sqft
2022-03-01 48 days 1,753 sqft
2022-04-01 39 days 1,750 sqft
2022-05-01 38 days 1,775 sqft
2022-06-01 40 days 1,752 sqft
2022-07-01 44 days 1,747 sqft
2022-08-01 51 days 1,695 sqft
2022-09-01 63 days 1,680 sqft
2022-10-01 68 days 1,719 sqft
2022-11-01 77 days 1,732 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 1,776 sqft
2023-05-01 64 days 1,773 sqft
2023-06-01 57 days 1,785 sqft
2023-07-01 59 days 1,745 sqft
2023-08-01 64 days 1,752 sqft
2023-09-01 65 days 1,720 sqft
2023-10-01 67 days 1,708 sqft
2023-11-01 72 days 1,708 sqft
2023-12-01 78 days 1,680 sqft
2024-01-01 80 days 1,676 sqft
2024-02-01 74 days 1,652 sqft
2024-03-01 62 days 1,654 sqft
2024-04-01 64 days 1,651 sqft
Corpus Christi's median listing age (time on market) for 2024-04-01 was 64 days. This is 4% longer than the same period one year ago.

Corpus Christi's median square footage for active listings during the 2024-04-01 period was 1,651 sqft. One year prior, the average listing was 1,776 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.