Dallas VA Loans
Dallas-Fort Worth-Arlington, 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 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.
Dallas's 340 lenders originated 21,935 VA loans during 2021. The total origination value was $7,152,925,000, with an average VA loan value of $326,096.
Dallas VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Dallas
averaged
5.4%
for the week of 2022-08-05, compared to the national average (all VA variants) of
5.013% for the same period.
The average rate for the prior week (2022-07-29) was
5.65% and
one month ago for the week of 2022-07-01, the
average rate was 5.97%.
The average rate one year ago was 2.96%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.23%.
Dallas VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Dallas level.
The top Dallas VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
1,847 VA loans originated. Their average total fees are
$3,197, which is $4,148
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Dallas VA lenders (with over 10 loans originated) are
AmeriHome Mortgage Company, LLC ($2,694), Credence Funding Corporation ($2,823), Lakeview Community Capital, LLC ($2,905), SOVEREIGN LENDING GROUP INCORPORATED ($3,016) and NETWORK CAPITAL FUNDING CORPORATION ($3,057).
The lowest rate Dallas VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.11%), First Mortgage Solutions, LLC (2.14%), TJC Mortgage, Inc. (2.26%), KS StateBank (2.28%) and BNC National Bank (2.29%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Dallas (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 | $351,878 (0.5%) | $495,654 (-1.6%) | 1.30 | 14,408 |
| 2018-02-01 | $367,586 (1.5%) | $519,017 (0.1%) | 1.33 | 14,403 |
| 2018-03-01 | $370,000 (0.1%) | $526,908 (-1.7%) | 1.28 | 15,331 |
| 2018-04-01 | $376,369 (-0.7%) | $536,251 (-2.1%) | 1.26 | 16,677 |
| 2018-05-01 | $384,950 (1.6%) | $543,991 (-1.0%) | 1.28 | 18,262 |
| 2018-06-01 | $374,900 (0.0%) | $525,365 (-2.4%) | 1.25 | 20,224 |
| 2018-07-01 | $366,250 (0.2%) | $511,223 (-1.9%) | 1.22 | 22,140 |
| 2018-08-01 | $349,950 (-1.7%) | $485,936 (-2.3%) | 1.17 | 22,475 |
| 2018-09-01 | $345,000 (-1.4%) | $482,649 (-2.7%) | 1.15 | 22,382 |
| 2018-10-01 | $342,520 (-2.1%) | $481,161 (-3.4%) | 1.15 | 22,509 |
| 2018-11-01 | $340,000 (-2.9%) | $482,594 (-2.6%) | 1.14 | 22,084 |
| 2018-12-01 | $339,000 (-3.1%) | $476,066 (-3.1%) | 1.16 | 20,347 |
| 2019-01-01 | $338,000 (-3.9%) | $470,639 (-5.1%) | 1.17 | 18,975 |
| 2019-02-01 | $344,738 (-6.2%) | $483,746 (-6.8%) | 1.15 | 19,188 |
| 2019-03-01 | $351,957 (-4.9%) | $498,132 (-5.5%) | 1.15 | 19,833 |
| 2019-04-01 | $359,700 (-4.4%) | $511,026 (-4.7%) | 1.13 | 20,734 |
| 2019-05-01 | $360,000 (-6.5%) | $509,897 (-6.3%) | 1.11 | 21,981 |
| 2019-06-01 | $358,400 (-4.4%) | $504,692 (-3.9%) | 1.10 | 23,540 |
| 2019-07-01 | $353,450 (-3.5%) | $493,702 (-3.4%) | 1.10 | 24,435 |
| 2019-08-01 | $347,757 (-0.6%) | $481,341 (-1.0%) | 1.09 | 23,890 |
| 2019-09-01 | $344,226 (-0.2%) | $478,149 (-0.9%) | 1.09 | 23,144 |
| 2019-10-01 | $341,740 (-0.2%) | $477,954 (-0.7%) | 1.09 | 23,402 |
| 2019-11-01 | $340,000 (0.0%) | $475,723 (-1.4%) | 1.10 | 21,903 |
| 2019-12-01 | $335,436 (-1.1%) | $468,817 (-1.5%) | 1.12 | 19,514 |
| 2020-01-01 | $333,388 (-1.4%) | $465,385 (-1.1%) | 1.11 | 17,767 |
| 2020-02-01 | $339,900 (-1.4%) | $475,261 (-1.8%) | 1.10 | 17,440 |
| 2020-03-01 | $342,495 (-2.7%) | $481,248 (-3.4%) | 1.07 | 18,088 |
| 2020-04-01 | $339,479 (-5.6%) | $470,711 (-7.9%) | 1.06 | 18,523 |
| 2020-05-01 | $349,900 (-2.8%) | $497,619 (-2.4%) | 1.06 | 18,581 |
| 2020-06-01 | $356,000 (-0.7%) | $515,387 (2.1%) | 1.04 | 16,756 |
| 2020-07-01 | $359,846 (1.8%) | $523,384 (6.0%) | 1.03 | 15,709 |
| 2020-08-01 | $359,990 (3.5%) | $532,123 (10.6%) | 1.03 | 14,567 |
| 2020-09-01 | $359,550 (4.5%) | $543,543 (13.7%) | 1.03 | 13,442 |
| 2020-10-01 | $356,000 (4.2%) | $549,352 (14.9%) | 1.02 | 12,456 |
| 2020-11-01 | $358,950 (5.6%) | $559,768 (17.7%) | 1.03 | 11,106 |
| 2020-12-01 | $353,995 (5.5%) | $558,517 (19.1%) | 1.04 | 9,391 |
| 2021-01-01 | $349,900 (5.0%) | $550,512 (18.3%) | 1.03 | 8,041 |
| 2021-02-01 | $358,495 (5.5%) | $578,669 (21.8%) | 1.03 | 6,218 |
| 2021-03-01 | $361,413 (5.5%) | $581,201 (20.8%) | 1.01 | 5,730 |
| 2021-04-01 | $373,495 (10.0%) | $602,114 (27.9%) | 1.00 | 5,618 |
| 2021-05-01 | $379,900 (8.6%) | $587,549 (18.1%) | 1.00 | 5,936 |
| 2021-06-01 | $387,000 (8.7%) | $594,650 (15.4%) | 1.01 | 6,873 |
| 2021-07-01 | $395,000 (9.8%) | $580,237 (10.9%) | 1.03 | 8,098 |
| 2021-08-01 | $395,300 (9.8%) | $567,592 (6.7%) | 1.04 | 9,132 |
| 2021-09-01 | $396,080 (10.2%) | $562,909 (3.6%) | 1.04 | 8,860 |
| 2021-10-01 | $397,072 (11.5%) | $576,139 (4.9%) | 1.04 | 8,246 |
| 2021-11-01 | $400,000 (11.4%) | $585,654 (4.6%) | 1.05 | 7,339 |
| 2021-12-01 | $399,950 (13.0%) | $585,819 (4.9%) | 1.07 | 6,252 |
| 2022-01-01 | $400,000 (14.3%) | $598,299 (8.7%) | 1.07 | 4,910 |
| 2022-02-01 | $409,000 (14.1%) | $640,773 (10.7%) | 1.04 | 4,154 |
| 2022-03-01 | $425,000 (17.6%) | $660,783 (13.7%) | 1.05 | 4,524 |
| 2022-04-01 | $440,000 (17.8%) | $677,414 (12.5%) | 1.04 | 5,350 |
| 2022-05-01 | $473,000 (24.5%) | $681,372 (16.0%) | 1.06 | 7,976 |
| 2022-06-01 | $485,508 (25.5%) | $673,422 (13.3%) | 1.08 | 11,108 |
Dallas's median listing price comes in at 108% of the national average.
Dallas's average listing price for 2022-06-01 was $673,422, a difference of $78,772 (13.3%) versus the prior year and $-7,950 versus the prior month.
For the 2022-06-01 period, Dallas had 11,108 MLS listings, a difference of 3,132 listings (39%) versus the prior month and 4,235 listings (62%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Dallas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 66 days | 2,585 sqft |
| 2018-02-01 | 52 days | 2,631 sqft |
| 2018-03-01 | 44 days | 2,644 sqft |
| 2018-04-01 | 43 days | 2,672 sqft |
| 2018-05-01 | 39 days | 2,723 sqft |
| 2018-06-01 | 42 days | 2,669 sqft |
| 2018-07-01 | 42 days | 2,627 sqft |
| 2018-08-01 | 48 days | 2,545 sqft |
| 2018-09-01 | 53 days | 2,509 sqft |
| 2018-10-01 | 58 days | 2,480 sqft |
| 2018-11-01 | 59 days | 2,457 sqft |
| 2018-12-01 | 66 days | 2,426 sqft |
| 2019-01-01 | 70 days | 2,399 sqft |
| 2019-02-01 | 59 days | 2,424 sqft |
| 2019-03-01 | 49 days | 2,462 sqft |
| 2019-04-01 | 45 days | 2,494 sqft |
| 2019-05-01 | 45 days | 2,508 sqft |
| 2019-06-01 | 49 days | 2,500 sqft |
| 2019-07-01 | 49 days | 2,477 sqft |
| 2019-08-01 | 51 days | 2,424 sqft |
| 2019-09-01 | 56 days | 2,402 sqft |
| 2019-10-01 | 57 days | 2,392 sqft |
| 2019-11-01 | 59 days | 2,387 sqft |
| 2019-12-01 | 65 days | 2,338 sqft |
| 2020-01-01 | 68 days | 2,320 sqft |
| 2020-02-01 | 57 days | 2,329 sqft |
| 2020-03-01 | 46 days | 2,340 sqft |
| 2020-04-01 | 50 days | 2,316 sqft |
| 2020-05-01 | 55 days | 2,374 sqft |
| 2020-06-01 | 48 days | 2,387 sqft |
| 2020-07-01 | 47 days | 2,379 sqft |
| 2020-08-01 | 46 days | 2,360 sqft |
| 2020-09-01 | 46 days | 2,312 sqft |
| 2020-10-01 | 48 days | 2,280 sqft |
| 2020-11-01 | 50 days | 2,248 sqft |
| 2020-12-01 | 52 days | 2,194 sqft |
| 2021-01-01 | 53 days | 2,144 sqft |
| 2021-02-01 | 43 days | 2,147 sqft |
| 2021-03-01 | 41 days | 2,145 sqft |
| 2021-04-01 | 33 days | 2,141 sqft |
| 2021-05-01 | 31 days | 2,167 sqft |
| 2021-06-01 | 29 days | 2,169 sqft |
| 2021-07-01 | 30 days | 2,164 sqft |
| 2021-08-01 | 31 days | 2,169 sqft |
| 2021-09-01 | 36 days | 2,162 sqft |
| 2021-10-01 | 37 days | 2,150 sqft |
| 2021-11-01 | 39 days | 2,150 sqft |
| 2021-12-01 | 43 days | 2,145 sqft |
| 2022-01-01 | 43 days | 2,116 sqft |
| 2022-02-01 | 34 days | 2,102 sqft |
| 2022-03-01 | 28 days | 2,119 sqft |
| 2022-04-01 | 25 days | 2,149 sqft |
| 2022-05-01 | 23 days | 2,246 sqft |
| 2022-06-01 | 24 days | 2,299 sqft |
Dallas's median square footage for active listings during the 2022-06-01 period was 2,299 sqft. One year prior, the average listing was 2,169 sqft.
