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 28 lenders originated 69 VA loans during 2024. The total origination value was $22,325,000, with an average VA loan value of $323,551.

    Corsicana VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Corsicana averaged 6.69% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

    Corsicana's average VA mortgage closing costs are $6,211.

    The average rate for the prior week (2025-05-02) was 6.91% and one month ago for the week of 2025-04-04, the average rate was 6.56%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-05-09, the average rate was 6.37%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.17% $8,883
    GUILD MORTGAGE COMPANY 7 6.43% $8,764
    UNITED WHOLESALE MORTGAGE, LLC 7 6.18% $2,716
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.42% $2,710
    DHI MORTGAGE COMPANY, LTD. 6 4.45% $4,700
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.34% $4,897
    CROSSCOUNTRY MORTGAGE, LLC 3 5.75% $7,168
    NAVY FEDERAL CREDIT UNION 2 5.88% $5,230
    Trinity Oaks Mortgage, LLC 2 6.38% $8,354
    S1L, Inc. 2 6.25% $12,563
    Carrington Mortgage Services, LLC 2 6.19% $1,063
    NEWREZ LLC 2 6.00% $6,605
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $5,905
    Texas Mortgage Lending, LLC 1 6.50% $3,816
    UNION HOME MORTGAGE CORP. 1 5.38% $3,856
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $4,979
    WESTSTAR MORTGAGE CORPORATION 1 3.25% $3,465
    Barrington Bank & Trust Company, N.A. 1 5.25% $12,057
    CARDINAL FINANCIAL 1 6.19% $7,586
    Equity Prime Mortgage LLC 1 7.38% $11,488
    GoPrime Mortgage, Inc. 1 6.75% $8,900
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $1,600
    HOMESIDE FINANCIAL, LLC 1 6.75% $9,018
    Magnolia Bank 1 6.38% $8,085
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $5,473
    PLANET HOME LENDING, LLC 1 6.25% $5,307
    PLAZA HOME MORTGAGE, INC. 1 6.49% $8,774
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $7,477

    The top Corsicana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $8,883, which is $119 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Corsicana VA lenders (with over 10 loans originated) are .

    The lowest rate Corsicana VA lenders (with over 10 loans originated) are .

    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.