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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.