Corsicana VA Loan Rates, Closing Costs & Stats

Corsicana, 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.

Corsicana's 29 lenders originated 57 VA loans during 2022. The total origination value was $18,105,000, with an average VA loan value of $317,632.

Corsicana VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Corsicana averaged -0.17% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Corsicana's average VA mortgage closing costs are $6,005.

The average rate for the prior week (2024-02-16) was 6.51% and one month ago for the week of 2024-01-19, the average rate was 6.17%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-02-23, the average rate was 0.1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 7 5.37% $5,087
DRAPER AND KRAMER MORTGAGE CORP. 4 5.44% $8,617
SWBC MORTGAGE CORPORATION 3 5.55% $6,875
UNITED WHOLESALE MORTGAGE, LLC 3 5.83% $5,999
QUICKEN LOANS, LLC 2 5.38% $16,491
SFMC, LP 2 5.31% $17,163
Magnolia Bank 2 4.75% $7,060
UNION HOME MORTGAGE CORP. 2 6.13% $6,729
NAVY FEDERAL CREDIT UNION 2 3.94% $6,851
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.25% $9,633
GUILD MORTGAGE COMPANY 2 4.31% $7,510
PENNYMAC LOAN SERVICES, LLC 2 2.38% $6,229
Gateway First Bank 2 4.84% $10,635
SOUTHWEST FUNDING, LP 1 5.88% $12,359
SOUTHWEST STAGE FUNDING, LLC 1 3.88% $6,820
AMERISAVE MORTGAGE CORPORATION 1 2.25% $8,479
WILLOW BEND MORTGAGE COMPANY, LLC 1 3.50% $4,448
BROKER SOLUTIONS, INC. 1 4.75% $6,141
Carrington Mortgage Services, LLC 1 5.13% $12,433
Century Mortgage Company DBA Century Lending Company 1 4.75% $41,644
CROSSCOUNTRY MORTGAGE, LLC 1 3.88% $6,707
FREEDOM MORTGAGE CORPORATION 1 3.75% $11,097
GSF Mortgage Corporation 1 5.13% $2,601
GUARANTEED RATE AFFINITY, LLC 1 6.88% $3,471
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.99% $13,622
MOVEMENT MORTGAGE, LLC 1 5.63% $28,057
North American Savings Bank, F.S.B. 1 3.88% $1,900
Northpointe Bank 1 3.75% $8,520
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $5,567

The top Corsicana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $5,087, which is $3,530 lower than the next largest lender, DRAPER AND KRAMER MORTGAGE CORP..

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

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


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
Corsicana's median listing price for 2023-12-01 was $279,000, a difference of $-22,900 (-7.6%) versus the prior year and $-7,000 versus the prior month.

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

Corsicana's average listing price for 2023-12-01 was $454,434, a difference of $-67,018 (-12.9%) versus the prior year and $-13,650 versus the prior month.

For the 2023-12-01 period, Corsicana had 169 MLS listings, a difference of -1 listings (-1%) versus the prior month and 27 listings (19%) 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
Corsicana's median listing age (time on market) for 2023-12-01 was 0 days.

Corsicana's median square footage for active listings during the 2023-12-01 period was 1,823 sqft. One year prior, the average listing was 1,900 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.