Corsicana VA Loan Rates, Closing Costs & Stats

Corsicana, TX

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    • 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.

    Corsicana's 18 lenders originated 37 VA loans during 2023. The total origination value was $12,215,000, with an average VA loan value of $330,135.

    Corsicana VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Corsicana averaged 6.81% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Corsicana's average VA mortgage closing costs are $6,221.

    The average rate for the prior week (2024-04-05) was 6.86% and one month ago for the week of 2024-03-08, the average rate was 6.49%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.67%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Corsicana 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 Corsicana level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.75% $7,329
    DRAPER AND KRAMER MORTGAGE CORP. 4 6.44% $16,412
    NAVY FEDERAL CREDIT UNION 4 6.38% $5,916
    CMG MORTGAGE, INC. 2 7.00% $16,256
    UNITED WHOLESALE MORTGAGE, LLC 2 6.25% $3,250
    CROSSCOUNTRY MORTGAGE, LLC 2 6.94% $3,547
    FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $7,931
    GUARANTEED RATE AFFINITY, LLC 1 7.25% $4,949
    GUILD MORTGAGE COMPANY 1 6.13% $11,640
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $2,203
    QUICKEN LOANS, LLC 1 6.99% $19,046
    ACADEMY MORTGAGE CORPORATION 1 7.25% $2,958
    VAN DYK MORTGAGE CORPORATION 1 6.75% $6,159
    AMCAP MORTGAGE, LTD. 1 7.13% $11,613
    Citizens Bank 1 6.63% $7,637
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.50% $2,225
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.00% $3,747
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $5,516

    The top Corsicana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $7,329, which is $9,084 lower than the next largest lender, DRAPER AND KRAMER MORTGAGE CORP..

    The lowest fee Corsicana VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,329), .

    The lowest rate Corsicana VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.75%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Corsicana (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 $159,900 (9.2%) $235,540 (-2.4%) 0.00 121
    2018-02-01 $159,900 (6.7%) $236,392 (-5.3%) 0.00 119
    2018-03-01 $159,900 (8.2%) $242,559 (4.9%) 0.00 119
    2018-04-01 $195,000 (16.8%) $269,424 (15.8%) 0.00 128
    2018-05-01 $222,400 (34.3%) $288,429 (24.6%) 0.00 116
    2018-06-01 $229,900 (45.9%) $296,404 (29.3%) 0.00 114
    2018-07-01 $201,700 (20.5%) $277,556 (12.3%) 0.00 119
    2018-08-01 $183,375 (8.0%) $261,020 (7.1%) 0.00 121
    2018-09-01 $166,500 (4.2%) $248,483 (5.5%) 0.00 122
    2018-10-01 $157,000 (4.7%) $244,122 (3.3%) 0.00 132
    2018-11-01 $164,250 (3.7%) $256,067 (7.6%) 0.00 111
    2018-12-01 $177,950 (11.3%) $233,884 (-0.8%) 0.00 114
    2019-01-01 $194,663 (21.7%) $255,310 (8.4%) 0.00 106
    2019-02-01 $184,800 (15.6%) $251,025 (6.2%) 0.00 110
    2019-03-01 $178,300 (11.5%) $244,355 (0.7%) 0.00 116
    2019-04-01 $179,900 (-7.7%) $260,025 (-3.5%) 0.00 112
    2019-05-01 $197,800 (-11.1%) $287,894 (-0.2%) 0.00 109
    2019-06-01 $209,700 (-8.8%) $295,144 (-0.4%) 0.00 128
    2019-07-01 $198,500 (-1.6%) $286,003 (3.0%) 0.00 147
    2019-08-01 $203,000 (10.7%) $295,049 (13.0%) 0.00 150
    2019-09-01 $209,750 (26.0%) $287,834 (15.8%) 0.00 144
    2019-10-01 $215,000 (36.9%) $289,200 (18.5%) 0.00 131
    2019-11-01 $215,000 (30.9%) $296,636 (15.8%) 0.00 101
    2019-12-01 $201,975 (13.5%) $279,833 (19.7%) 0.00 102
    2020-01-01 $193,600 (-0.6%) $278,441 (9.1%) 0.00 96
    2020-02-01 $212,500 (15.0%) $274,928 (9.5%) 0.00 89
    2020-03-01 $198,000 (11.1%) $273,951 (12.1%) 0.00 105
    2020-04-01 $199,900 (11.1%) $278,166 (7.0%) 0.00 101
    2020-05-01 $189,450 (-4.2%) $369,337 (28.3%) 0.00 94
    2020-06-01 $188,450 (-10.1%) $362,286 (22.8%) 0.00 78
    2020-07-01 $178,679 (-10.0%) $368,766 (28.9%) 0.00 66
    2020-08-01 $172,500 (-15.0%) $252,961 (-14.3%) 0.00 72
    2020-09-01 $175,000 (-16.6%) $243,537 (-15.4%) 0.00 66
    2020-10-01 $198,750 (-7.6%) $305,645 (5.7%) 0.00 68
    2020-11-01 $172,425 (-19.8%) $265,947 (-10.4%) 0.00 67
    2020-12-01 $184,950 (-8.4%) $271,552 (-3.0%) 0.00 68
    2021-01-01 $174,900 (-9.7%) $268,788 (-3.5%) 0.00 53
    2021-02-01 $195,000 (-8.2%) $300,132 (9.2%) 0.00 36
    2021-03-01 $182,000 (-8.1%) $287,357 (4.9%) 0.00 37
    2021-04-01 $233,339 (16.7%) $407,689 (46.6%) 0.00 36
    2021-05-01 $199,000 (5.0%) $392,982 (6.4%) 0.00 42
    2021-06-01 $222,500 (18.1%) $521,428 (43.9%) 0.00 46
    2021-07-01 $269,500 (50.8%) $520,595 (41.2%) 0.00 53
    2021-08-01 $270,950 (57.1%) $548,409 (116.8%) 0.00 54
    2021-09-01 $309,725 (77.0%) $569,696 (133.9%) 0.00 56
    2021-10-01 $296,998 (49.4%) $554,428 (81.4%) 0.00 54
    2021-11-01 $286,975 (66.4%) $414,056 (55.7%) 0.00 48
    2021-12-01 $271,125 (46.6%) $425,479 (56.7%) 0.00 49
    2022-01-01 $283,300 (62.0%) $403,495 (50.1%) 0.00 48
    2022-02-01 $288,350 (47.9%) $465,630 (55.1%) 0.00 46
    2022-03-01 $278,225 (52.9%) $410,703 (42.9%) 0.00 63
    2022-04-01 $289,000 (23.9%) $409,756 (0.5%) 0.00 62
    2022-05-01 $293,350 (47.4%) $487,247 (24.0%) 0.00 71
    2022-06-01 $307,500 (38.2%) $600,212 (15.1%) 0.00 94
    2022-07-01 $314,900 (16.9%) $570,571 (9.6%) 0.00 126
    2022-08-01 $316,200 (16.7%) $567,676 (3.5%) 0.00 133
    2022-09-01 $319,975 (3.3%) $556,980 (-2.2%) 0.00 139
    2022-10-01 $309,900 (4.3%) $531,412 (-4.2%) 0.00 161
    2022-11-01 $308,550 (7.5%) $512,766 (23.8%) 0.00 163
    2022-12-01 $301,900 (11.4%) $521,452 (22.6%) 0.00 142
    2023-01-01 $300,888 (6.2%) $498,428 (23.5%) 0.00 129
    2023-02-01 $311,463 (8.0%) $474,354 (1.9%) 0.00 128
    2023-03-01 $329,350 (18.4%) $522,387 (27.2%) 0.00 128
    2023-04-01 $326,925 (13.1%) $525,696 (28.3%) 0.00 140
    2023-05-01 $325,000 (10.8%) $508,243 (4.3%) 0.00 148
    2023-06-01 $301,775 (-1.9%) $455,609 (-24.1%) 0.00 156
    2023-07-01 $308,750 (-2.0%) $448,771 (-21.4%) 0.00 155
    2023-08-01 $300,000 (-5.1%) $447,467 (-21.2%) 0.00 151
    2023-09-01 $300,875 (-6.0%) $454,516 (-18.4%) 0.00 158
    2023-10-01 $292,700 (-5.6%) $462,376 (-13.0%) 0.00 170
    2023-11-01 $286,000 (-7.3%) $468,084 (-8.7%) 0.00 170
    2023-12-01 $279,000 (-7.6%) $454,434 (-12.9%) 0.00 169
    2024-01-01 $289,750 (-3.7%) $434,860 (-12.8%) 0.00 168
    2024-02-01 $287,250 (-7.8%) $427,458 (-9.9%) 0.00 163
    2024-03-01 $295,000 (-10.4%) $441,484 (-15.5%) 0.00 168
    Corsicana's median listing price for 2024-03-01 was $295,000, a difference of $-34,350 (-10.4%) versus the prior year and $7,750 versus the prior month.

    Corsicana's median listing price comes in at 0% of the national average.

    Corsicana's average listing price for 2024-03-01 was $441,484, a difference of $-80,903 (-15.5%) versus the prior year and $14,026 versus the prior month.

    For the 2024-03-01 period, Corsicana had 168 MLS listings, a difference of 5 listings (3%) versus the prior month and 40 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Corsicana (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,777 sqft
    2018-02-01 0 days 1,736 sqft
    2018-03-01 0 days 1,792 sqft
    2018-04-01 0 days 1,873 sqft
    2018-05-01 0 days 1,986 sqft
    2018-06-01 0 days 2,098 sqft
    2018-07-01 0 days 2,065 sqft
    2018-08-01 0 days 2,008 sqft
    2018-09-01 0 days 1,943 sqft
    2018-10-01 0 days 1,846 sqft
    2018-11-01 0 days 1,829 sqft
    2018-12-01 0 days 1,801 sqft
    2019-01-01 0 days 1,865 sqft
    2019-02-01 0 days 1,871 sqft
    2019-03-01 0 days 1,825 sqft
    2019-04-01 0 days 1,826 sqft
    2019-05-01 0 days 1,834 sqft
    2019-06-01 0 days 1,921 sqft
    2019-07-01 0 days 1,935 sqft
    2019-08-01 0 days 1,995 sqft
    2019-09-01 0 days 2,029 sqft
    2019-10-01 0 days 2,063 sqft
    2019-11-01 0 days 2,055 sqft
    2019-12-01 0 days 2,021 sqft
    2020-01-01 0 days 1,959 sqft
    2020-02-01 0 days 1,976 sqft
    2020-03-01 0 days 1,998 sqft
    2020-04-01 0 days 1,956 sqft
    2020-05-01 0 days 1,848 sqft
    2020-06-01 0 days 1,831 sqft
    2020-07-01 0 days 1,824 sqft
    2020-08-01 0 days 1,870 sqft
    2020-09-01 0 days 1,826 sqft
    2020-10-01 0 days 1,881 sqft
    2020-11-01 0 days 1,822 sqft
    2020-12-01 0 days 1,839 sqft
    2021-01-01 0 days 1,802 sqft
    2021-02-01 0 days 1,832 sqft
    2021-03-01 0 days 1,809 sqft
    2021-04-01 0 days 1,962 sqft
    2021-05-01 0 days 1,781 sqft
    2021-06-01 0 days 1,771 sqft
    2021-07-01 0 days 1,951 sqft
    2021-08-01 0 days 1,880 sqft
    2021-09-01 0 days 2,020 sqft
    2021-10-01 0 days 1,988 sqft
    2021-11-01 0 days 1,762 sqft
    2021-12-01 0 days 1,780 sqft
    2022-01-01 0 days 1,888 sqft
    2022-02-01 0 days 1,768 sqft
    2022-03-01 0 days 1,650 sqft
    2022-04-01 0 days 1,670 sqft
    2022-05-01 0 days 1,771 sqft
    2022-06-01 0 days 1,913 sqft
    2022-07-01 0 days 1,917 sqft
    2022-08-01 0 days 1,962 sqft
    2022-09-01 0 days 1,959 sqft
    2022-10-01 0 days 1,908 sqft
    2022-11-01 0 days 1,900 sqft
    2022-12-01 0 days 1,900 sqft
    2023-01-01 0 days 1,894 sqft
    2023-02-01 0 days 1,815 sqft
    2023-03-01 0 days 1,793 sqft
    2023-04-01 0 days 1,798 sqft
    2023-05-01 0 days 1,787 sqft
    2023-06-01 0 days 1,798 sqft
    2023-07-01 0 days 1,794 sqft
    2023-08-01 0 days 1,788 sqft
    2023-09-01 0 days 1,828 sqft
    2023-10-01 0 days 1,828 sqft
    2023-11-01 0 days 1,849 sqft
    2023-12-01 0 days 1,823 sqft
    2024-01-01 0 days 1,787 sqft
    2024-02-01 0 days 1,751 sqft
    2024-03-01 0 days 1,766 sqft
    Corsicana's median listing age (time on market) for 2024-03-01 was 0 days.

    Corsicana's median square footage for active listings during the 2024-03-01 period was 1,766 sqft. One year prior, the average listing was 1,793 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.