Dallas VA Loan Rates, Closing Costs & Stats
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 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.
Dallas's 269 lenders originated 8,396 VA loans during 2023. The total origination value was $3,598,120,000, with an average VA loan value of $428,552.
Dallas VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Dallas
averaged
-0.09%
for the week of 2024-11-15, compared to the national average (all VA variants) of
0% for the same period.
Dallas's average VA mortgage closing costs are $7,242.
The average rate for the prior week (2024-11-08) was
6.21% and
one month ago for the week of 2024-10-11, the
average rate was 5.68%.
The average rate one year ago was 6.97%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.37%.
Dallas 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 Dallas level.
The top Dallas VA lender as defined by loan originations is Mortgage Research Center, LLC, with
907 VA loans originated. Their average total fees are
$9,069, which is $437
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Dallas VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC ($4,507), CHERRY CREEK MORTGAGE, LLC ($4,701), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,072), Independent Bank ($5,361) and Wells Fargo Bank ($5,991).
The lowest rate Dallas VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.07%), DHI MORTGAGE COMPANY, LTD. (5.37%), INSPIRE HOME LOANS INC. (5.57%), PENTAGON FEDERAL CREDIT UNION (5.60%) and JET HOMELOANS, LLC (5.62%).
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 | $354,950 (0.0%) | $496,904 (-2.5%) | 1.32 | 14,301 |
| 2018-02-01 | $369,450 (0.7%) | $519,993 (-0.8%) | 1.34 | 14,288 |
| 2018-03-01 | $374,305 (0.0%) | $528,387 (-2.6%) | 1.31 | 15,267 |
| 2018-04-01 | $378,710 (-0.3%) | $537,081 (-3.0%) | 1.28 | 16,626 |
| 2018-05-01 | $384,950 (0.8%) | $543,282 (-1.7%) | 1.29 | 18,219 |
| 2018-06-01 | $374,900 (0.0%) | $525,289 (-2.9%) | 1.25 | 20,149 |
| 2018-07-01 | $366,000 (-0.8%) | $511,318 (-2.3%) | 1.22 | 22,047 |
| 2018-08-01 | $350,000 (-2.0%) | $486,635 (-2.3%) | 1.17 | 22,540 |
| 2018-09-01 | $347,397 (-0.7%) | $483,071 (-2.8%) | 1.17 | 22,642 |
| 2018-10-01 | $345,000 (-1.6%) | $482,658 (-3.3%) | 1.17 | 22,803 |
| 2018-11-01 | $344,900 (-1.5%) | $482,839 (-2.9%) | 1.17 | 22,367 |
| 2018-12-01 | $339,990 (-2.9%) | $476,952 (-3.4%) | 1.17 | 20,538 |
| 2019-01-01 | $339,945 (-4.2%) | $472,167 (-5.0%) | 1.17 | 18,995 |
| 2019-02-01 | $347,465 (-6.0%) | $486,417 (-6.5%) | 1.17 | 19,529 |
| 2019-03-01 | $353,714 (-5.5%) | $497,772 (-5.8%) | 1.16 | 20,203 |
| 2019-04-01 | $360,000 (-4.9%) | $508,852 (-5.3%) | 1.14 | 21,048 |
| 2019-05-01 | $364,445 (-5.3%) | $508,259 (-6.5%) | 1.14 | 22,291 |
| 2019-06-01 | $359,100 (-4.2%) | $503,340 (-4.2%) | 1.12 | 23,919 |
| 2019-07-01 | $355,098 (-3.0%) | $493,719 (-3.4%) | 1.11 | 24,731 |
| 2019-08-01 | $347,947 (-0.6%) | $481,664 (-1.0%) | 1.10 | 24,705 |
| 2019-09-01 | $344,883 (-0.7%) | $477,984 (-1.1%) | 1.10 | 24,316 |
| 2019-10-01 | $344,050 (-0.3%) | $477,293 (-1.1%) | 1.11 | 23,804 |
| 2019-11-01 | $342,900 (-0.6%) | $476,284 (-1.4%) | 1.12 | 22,135 |
| 2019-12-01 | $337,615 (-0.7%) | $469,771 (-1.5%) | 1.13 | 19,621 |
| 2020-01-01 | $336,250 (-1.1%) | $466,527 (-1.2%) | 1.12 | 17,942 |
| 2020-02-01 | $340,000 (-2.2%) | $475,030 (-2.3%) | 1.11 | 17,632 |
| 2020-03-01 | $329,192 (-6.9%) | $449,529 (-9.7%) | 1.03 | 19,660 |
| 2020-04-01 | $339,996 (-5.6%) | $471,211 (-7.4%) | 1.07 | 18,611 |
| 2020-05-01 | $350,000 (-4.0%) | $497,405 (-2.1%) | 1.06 | 18,799 |
| 2020-06-01 | $359,000 (0.0%) | $514,872 (2.3%) | 1.06 | 16,969 |
| 2020-07-01 | $360,000 (1.4%) | $523,192 (6.0%) | 1.04 | 15,859 |
| 2020-08-01 | $360,870 (3.7%) | $531,280 (10.3%) | 1.03 | 14,745 |
| 2020-09-01 | $361,750 (4.9%) | $543,107 (13.6%) | 1.04 | 13,601 |
| 2020-10-01 | $359,000 (4.4%) | $550,472 (15.3%) | 1.03 | 12,714 |
| 2020-11-01 | $362,165 (5.6%) | $560,558 (17.7%) | 1.06 | 11,167 |
| 2020-12-01 | $358,000 (6.0%) | $559,676 (19.1%) | 1.06 | 9,408 |
| 2021-01-01 | $350,000 (4.1%) | $552,634 (18.5%) | 1.04 | 8,066 |
| 2021-02-01 | $359,700 (5.8%) | $578,108 (21.7%) | 1.05 | 6,214 |
| 2021-03-01 | $366,385 (11.3%) | $579,035 (28.8%) | 1.04 | 5,817 |
| 2021-04-01 | $375,000 (10.3%) | $594,847 (26.2%) | 1.02 | 5,689 |
| 2021-05-01 | $381,323 (9.0%) | $583,848 (17.4%) | 1.01 | 6,008 |
| 2021-06-01 | $389,945 (8.6%) | $590,976 (14.8%) | 1.03 | 6,941 |
| 2021-07-01 | $397,630 (10.5%) | $576,364 (10.2%) | 1.05 | 8,383 |
| 2021-08-01 | $399,000 (10.6%) | $566,105 (6.6%) | 1.06 | 9,243 |
| 2021-09-01 | $398,985 (10.3%) | $563,234 (3.7%) | 1.06 | 8,912 |
| 2021-10-01 | $399,000 (11.1%) | $574,976 (4.5%) | 1.06 | 8,276 |
| 2021-11-01 | $400,000 (10.5%) | $583,690 (4.1%) | 1.07 | 7,342 |
| 2021-12-01 | $400,000 (11.7%) | $584,070 (4.4%) | 1.08 | 6,253 |
| 2022-01-01 | $403,950 (15.4%) | $596,816 (8.0%) | 1.09 | 4,891 |
| 2022-02-01 | $412,000 (14.5%) | $640,183 (10.7%) | 1.07 | 4,136 |
| 2022-03-01 | $425,000 (16.0%) | $656,912 (13.5%) | 1.06 | 4,547 |
| 2022-04-01 | $441,610 (17.8%) | $672,903 (13.1%) | 1.05 | 5,419 |
| 2022-05-01 | $476,036 (24.8%) | $677,952 (16.1%) | 1.09 | 8,069 |
| 2022-06-01 | $490,885 (25.9%) | $672,716 (13.8%) | 1.09 | 11,259 |
| 2022-07-01 | $481,000 (21.0%) | $644,734 (11.9%) | 1.08 | 14,820 |
| 2022-08-01 | $462,652 (16.0%) | $617,914 (9.2%) | 1.07 | 16,502 |
| 2022-09-01 | $454,000 (13.8%) | $611,067 (8.5%) | 1.06 | 16,480 |
| 2022-10-01 | $450,000 (12.8%) | $612,501 (6.5%) | 1.06 | 17,442 |
| 2022-11-01 | $448,352 (12.1%) | $609,451 (4.4%) | 1.08 | 17,849 |
| 2022-12-01 | $439,000 (9.8%) | $598,252 (2.4%) | 1.08 | 16,308 |
| 2023-01-01 | $434,200 (7.5%) | $590,172 (-1.1%) | 1.08 | 14,659 |
| 2023-02-01 | $435,000 (5.6%) | $598,109 (-6.6%) | 1.05 | 12,773 |
| 2023-03-01 | $442,152 (4.0%) | $618,595 (-5.8%) | 1.04 | 12,392 |
| 2023-04-01 | $459,900 (4.1%) | $648,823 (-3.6%) | 1.07 | 12,525 |
| 2023-05-01 | $469,435 (-1.4%) | $667,570 (-1.5%) | 1.06 | 13,164 |
| 2023-06-01 | $472,995 (-3.6%) | $671,620 (-0.2%) | 1.06 | 14,680 |
| 2023-07-01 | $470,000 (-2.3%) | $665,947 (3.3%) | 1.07 | 16,135 |
| 2023-08-01 | $464,995 (0.5%) | $651,162 (5.4%) | 1.07 | 16,918 |
| 2023-09-01 | $450,000 (-0.9%) | $644,189 (5.4%) | 1.05 | 17,256 |
| 2023-10-01 | $449,000 (-0.2%) | $647,703 (5.8%) | 1.06 | 18,595 |
| 2023-11-01 | $445,000 (-0.8%) | $637,656 (4.6%) | 1.06 | 18,920 |
| 2023-12-01 | $435,000 (-0.9%) | $628,443 (5.1%) | 1.06 | 17,347 |
| 2024-01-01 | $431,088 (-0.7%) | $612,134 (3.7%) | 1.05 | 15,777 |
| 2024-02-01 | $435,000 (0.0%) | $618,378 (3.4%) | 1.05 | 16,012 |
| 2024-03-01 | $439,990 (-0.5%) | $629,056 (1.7%) | 1.04 | 17,096 |
| 2024-04-01 | $449,900 (-2.2%) | $648,295 (-0.1%) | 1.05 | 18,531 |
| 2024-05-01 | $459,450 (-2.1%) | $666,165 (-0.2%) | 1.04 | 20,080 |
| 2024-06-01 | $459,000 (-3.0%) | $667,308 (-0.6%) | 1.03 | 22,364 |
| 2024-07-01 | $450,000 (-4.3%) | $640,443 (-3.8%) | 1.03 | 24,435 |
| 2024-08-01 | $444,990 (-4.3%) | $623,712 (-4.2%) | 1.03 | 25,481 |
| 2024-09-01 | $439,450 (-2.3%) | $617,364 (-4.2%) | 1.03 | 25,769 |
| 2024-10-01 | $434,500 (-3.2%) | $614,240 (-5.2%) | 1.02 | 25,908 |
Dallas's median listing price comes in at 102% of the national average.
Dallas's average listing price for 2024-10-01 was $614,240, a difference of $-33,463 (-5.2%) versus the prior year and $-3,124 versus the prior month.
For the 2024-10-01 period, Dallas had 25,908 MLS listings, a difference of 139 listings (1%) versus the prior month and 7,313 listings (39%) 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 | 64 days | 2,590 sqft |
| 2018-02-01 | 49 days | 2,635 sqft |
| 2018-03-01 | 43 days | 2,644 sqft |
| 2018-04-01 | 39 days | 2,676 sqft |
| 2018-05-01 | 37 days | 2,721 sqft |
| 2018-06-01 | 39 days | 2,673 sqft |
| 2018-07-01 | 40 days | 2,627 sqft |
| 2018-08-01 | 47 days | 2,551 sqft |
| 2018-09-01 | 52 days | 2,516 sqft |
| 2018-10-01 | 56 days | 2,499 sqft |
| 2018-11-01 | 59 days | 2,469 sqft |
| 2018-12-01 | 65 days | 2,437 sqft |
| 2019-01-01 | 67 days | 2,415 sqft |
| 2019-02-01 | 57 days | 2,439 sqft |
| 2019-03-01 | 46 days | 2,474 sqft |
| 2019-04-01 | 44 days | 2,507 sqft |
| 2019-05-01 | 44 days | 2,521 sqft |
| 2019-06-01 | 47 days | 2,515 sqft |
| 2019-07-01 | 49 days | 2,491 sqft |
| 2019-08-01 | 51 days | 2,439 sqft |
| 2019-09-01 | 53 days | 2,416 sqft |
| 2019-10-01 | 54 days | 2,405 sqft |
| 2019-11-01 | 58 days | 2,397 sqft |
| 2019-12-01 | 65 days | 2,351 sqft |
| 2020-01-01 | 66 days | 2,328 sqft |
| 2020-02-01 | 50 days | 2,337 sqft |
| 2020-03-01 | 43 days | 2,305 sqft |
| 2020-04-01 | 49 days | 2,328 sqft |
| 2020-05-01 | 52 days | 2,392 sqft |
| 2020-06-01 | 46 days | 2,403 sqft |
| 2020-07-01 | 45 days | 2,396 sqft |
| 2020-08-01 | 44 days | 2,369 sqft |
| 2020-09-01 | 45 days | 2,319 sqft |
| 2020-10-01 | 46 days | 2,297 sqft |
| 2020-11-01 | 48 days | 2,255 sqft |
| 2020-12-01 | 52 days | 2,206 sqft |
| 2021-01-01 | 49 days | 2,162 sqft |
| 2021-02-01 | 39 days | 2,157 sqft |
| 2021-03-01 | 38 days | 2,156 sqft |
| 2021-04-01 | 29 days | 2,151 sqft |
| 2021-05-01 | 29 days | 2,174 sqft |
| 2021-06-01 | 28 days | 2,175 sqft |
| 2021-07-01 | 27 days | 2,174 sqft |
| 2021-08-01 | 31 days | 2,179 sqft |
| 2021-09-01 | 36 days | 2,168 sqft |
| 2021-10-01 | 36 days | 2,154 sqft |
| 2021-11-01 | 38 days | 2,153 sqft |
| 2021-12-01 | 42 days | 2,148 sqft |
| 2022-01-01 | 40 days | 2,124 sqft |
| 2022-02-01 | 32 days | 2,106 sqft |
| 2022-03-01 | 24 days | 2,116 sqft |
| 2022-04-01 | 23 days | 2,153 sqft |
| 2022-05-01 | 21 days | 2,249 sqft |
| 2022-06-01 | 22 days | 2,304 sqft |
| 2022-07-01 | 29 days | 2,295 sqft |
| 2022-08-01 | 35 days | 2,262 sqft |
| 2022-09-01 | 43 days | 2,249 sqft |
| 2022-10-01 | 44 days | 2,248 sqft |
| 2022-11-01 | 49 days | 2,242 sqft |
| 2022-12-01 | 59 days | 2,216 sqft |
| 2023-01-01 | 64 days | 2,190 sqft |
| 2023-02-01 | 59 days | 2,192 sqft |
| 2023-03-01 | 46 days | 2,217 sqft |
| 2023-04-01 | 39 days | 2,272 sqft |
| 2023-05-01 | 37 days | 2,305 sqft |
| 2023-06-01 | 36 days | 2,322 sqft |
| 2023-07-01 | 37 days | 2,318 sqft |
| 2023-08-01 | 42 days | 2,296 sqft |
| 2023-09-01 | 44 days | 2,249 sqft |
| 2023-10-01 | 46 days | 2,227 sqft |
| 2023-11-01 | 50 days | 2,211 sqft |
| 2023-12-01 | 58 days | 2,187 sqft |
| 2024-01-01 | 63 days | 2,165 sqft |
| 2024-02-01 | 48 days | 2,159 sqft |
| 2024-03-01 | 40 days | 2,178 sqft |
| 2024-04-01 | 40 days | 2,201 sqft |
| 2024-05-01 | 37 days | 2,240 sqft |
| 2024-06-01 | 41 days | 2,245 sqft |
| 2024-07-01 | 44 days | 2,224 sqft |
| 2024-08-01 | 49 days | 2,200 sqft |
| 2024-09-01 | 53 days | 2,188 sqft |
| 2024-10-01 | 56 days | 2,167 sqft |
Dallas's median square footage for active listings during the 2024-10-01 period was 2,167 sqft. One year prior, the average listing was 2,227 sqft.