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 305 lenders originated 10,059 VA loans during 2022. The total origination value was $4,231,225,000, with an average VA loan value of $420,641.
Dallas VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Dallas
averaged
-0.27%
for the week of 2023-06-02, compared to the national average (all VA variants) of
0% for the same period.
Dallas's average VA mortgage closing costs are $6,871.
The average rate for the prior week (2023-05-26) was
6.37% and
one month ago for the week of 2023-04-28, the
average rate was 5.72%.
The average rate one year ago was 4.97%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.15%.
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
1,020 VA loans originated. Their average total fees are
$9,554, which is $339
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Dallas VA lenders (with over 10 loans originated) are
CLEARPATH LENDING ($3,732), LAKEVIEW LOAN SERVICING, LLC ($3,849), Mr. Cooper ( Nationstar Mortgage ) ($4,277), Lakeview Community Capital, LLC ($4,547) and CHERRY CREEK MORTGAGE, LLC ($4,852).
The lowest rate Dallas VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (2.70%), Lakeview Community Capital, LLC (2.76%), VILLAGE CAPITAL MORTGAGE (2.89%), CLEARPATH LENDING (3.05%) and PENNYMAC LOAN SERVICES, LLC (3.11%).
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%) | $496,773 (-2.5%) | 1.32 | 14,317 |
| 2018-02-01 | $369,450 (0.7%) | $519,841 (-0.8%) | 1.34 | 14,306 |
| 2018-03-01 | $374,279 (0.0%) | $528,271 (-2.6%) | 1.31 | 15,283 |
| 2018-04-01 | $378,710 (-0.3%) | $537,030 (-3.0%) | 1.28 | 16,642 |
| 2018-05-01 | $384,950 (0.8%) | $543,163 (-1.7%) | 1.29 | 18,234 |
| 2018-06-01 | $374,900 (0.0%) | $525,196 (-2.9%) | 1.25 | 20,162 |
| 2018-07-01 | $366,000 (-0.7%) | $511,276 (-2.3%) | 1.22 | 22,057 |
| 2018-08-01 | $350,000 (-2.0%) | $486,556 (-2.3%) | 1.17 | 22,552 |
| 2018-09-01 | $347,124 (-0.8%) | $482,982 (-2.8%) | 1.17 | 22,653 |
| 2018-10-01 | $345,000 (-1.6%) | $482,496 (-3.3%) | 1.17 | 22,820 |
| 2018-11-01 | $344,900 (-1.5%) | $482,687 (-2.9%) | 1.17 | 22,380 |
| 2018-12-01 | $339,990 (-2.9%) | $476,790 (-3.4%) | 1.17 | 20,551 |
| 2019-01-01 | $339,945 (-4.2%) | $472,034 (-5.0%) | 1.17 | 19,006 |
| 2019-02-01 | $347,450 (-6.0%) | $486,361 (-6.4%) | 1.17 | 19,532 |
| 2019-03-01 | $353,714 (-5.5%) | $497,752 (-5.8%) | 1.16 | 20,208 |
| 2019-04-01 | $360,000 (-4.9%) | $508,687 (-5.3%) | 1.14 | 21,056 |
| 2019-05-01 | $364,440 (-5.3%) | $508,099 (-6.5%) | 1.14 | 22,298 |
| 2019-06-01 | $359,085 (-4.2%) | $503,330 (-4.2%) | 1.12 | 23,926 |
| 2019-07-01 | $355,098 (-3.0%) | $493,681 (-3.4%) | 1.11 | 24,747 |
| 2019-08-01 | $347,924 (-0.6%) | $481,621 (-1.0%) | 1.10 | 24,720 |
| 2019-09-01 | $344,825 (-0.7%) | $477,904 (-1.1%) | 1.10 | 24,331 |
| 2019-10-01 | $344,002 (-0.3%) | $477,189 (-1.1%) | 1.11 | 23,820 |
| 2019-11-01 | $342,900 (-0.6%) | $476,180 (-1.4%) | 1.12 | 22,157 |
| 2019-12-01 | $337,495 (-0.7%) | $469,599 (-1.5%) | 1.13 | 19,639 |
| 2020-01-01 | $336,000 (-1.2%) | $466,360 (-1.2%) | 1.12 | 17,957 |
| 2020-02-01 | $340,000 (-2.1%) | $474,889 (-2.4%) | 1.11 | 17,651 |
| 2020-03-01 | $329,221 (-6.9%) | $449,476 (-9.7%) | 1.03 | 19,676 |
| 2020-04-01 | $339,996 (-5.6%) | $471,118 (-7.4%) | 1.07 | 18,627 |
| 2020-05-01 | $350,000 (-4.0%) | $497,328 (-2.1%) | 1.06 | 18,812 |
| 2020-06-01 | $359,000 (0.0%) | $514,743 (2.3%) | 1.06 | 16,987 |
| 2020-07-01 | $360,000 (1.4%) | $523,066 (6.0%) | 1.04 | 15,874 |
| 2020-08-01 | $360,000 (3.5%) | $531,259 (10.3%) | 1.03 | 14,754 |
| 2020-09-01 | $361,500 (4.8%) | $542,661 (13.6%) | 1.04 | 13,612 |
| 2020-10-01 | $359,000 (4.4%) | $549,697 (15.2%) | 1.03 | 12,753 |
| 2020-11-01 | $361,450 (5.4%) | $559,759 (17.6%) | 1.06 | 11,200 |
| 2020-12-01 | $357,430 (5.9%) | $558,809 (19.0%) | 1.06 | 9,439 |
| 2021-01-01 | $350,000 (4.2%) | $551,662 (18.3%) | 1.04 | 8,099 |
| 2021-02-01 | $359,450 (5.7%) | $576,809 (21.5%) | 1.05 | 6,251 |
| 2021-03-01 | $363,998 (10.6%) | $577,637 (28.5%) | 1.03 | 5,854 |
| 2021-04-01 | $375,000 (10.3%) | $593,494 (26.0%) | 1.02 | 5,720 |
| 2021-05-01 | $380,000 (8.6%) | $582,529 (17.1%) | 1.01 | 6,042 |
| 2021-06-01 | $389,900 (8.6%) | $589,826 (14.6%) | 1.03 | 6,976 |
| 2021-07-01 | $395,600 (9.9%) | $575,387 (10.0%) | 1.04 | 8,421 |
| 2021-08-01 | $399,000 (10.8%) | $565,291 (6.4%) | 1.06 | 9,275 |
| 2021-09-01 | $398,431 (10.2%) | $562,490 (3.7%) | 1.06 | 8,944 |
| 2021-10-01 | $399,000 (11.1%) | $574,764 (4.6%) | 1.06 | 8,284 |
| 2021-11-01 | $400,000 (10.7%) | $583,175 (4.2%) | 1.07 | 7,363 |
| 2021-12-01 | $400,000 (11.9%) | $583,647 (4.4%) | 1.08 | 6,269 |
| 2022-01-01 | $401,988 (14.9%) | $596,448 (8.1%) | 1.09 | 4,905 |
| 2022-02-01 | $412,000 (14.6%) | $639,573 (10.9%) | 1.07 | 4,149 |
| 2022-03-01 | $425,000 (16.8%) | $656,642 (13.7%) | 1.06 | 4,558 |
| 2022-04-01 | $441,320 (17.7%) | $672,621 (13.3%) | 1.05 | 5,427 |
| 2022-05-01 | $475,500 (25.1%) | $677,523 (16.3%) | 1.09 | 8,080 |
| 2022-06-01 | $490,233 (25.7%) | $672,274 (14.0%) | 1.09 | 11,276 |
| 2022-07-01 | $480,000 (21.3%) | $644,455 (12.0%) | 1.08 | 14,838 |
| 2022-08-01 | $462,500 (15.9%) | $617,732 (9.3%) | 1.07 | 16,529 |
| 2022-09-01 | $453,950 (13.9%) | $610,801 (8.6%) | 1.06 | 16,501 |
| 2022-10-01 | $449,999 (12.8%) | $612,183 (6.5%) | 1.06 | 17,465 |
| 2022-11-01 | $447,500 (11.9%) | $609,026 (4.4%) | 1.08 | 17,883 |
| 2022-12-01 | $438,959 (9.7%) | $598,143 (2.5%) | 1.08 | 16,322 |
| 2023-01-01 | $432,500 (7.6%) | $589,915 (-1.1%) | 1.07 | 14,677 |
| 2023-02-01 | $435,000 (5.6%) | $597,856 (-6.5%) | 1.05 | 12,789 |
| 2023-03-01 | $442,000 (4.0%) | $618,429 (-5.8%) | 1.04 | 12,401 |
| 2023-04-01 | $459,900 (4.2%) | $648,815 (-3.5%) | 1.07 | 12,533 |
| 2023-05-01 | $468,995 (-1.4%) | $667,325 (-1.5%) | 1.06 | 13,160 |
Dallas's median listing price comes in at 106% of the national average.
Dallas's average listing price for 2023-05-01 was $667,325, a difference of $-10,198 (-1.5%) versus the prior year and $18,510 versus the prior month.
For the 2023-05-01 period, Dallas had 13,160 MLS listings, a difference of 627 listings (5%) versus the prior month and 5,080 listings (63%) 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 | 2,634 sqft |
| 2018-03-01 | 43 days | 2,643 sqft |
| 2018-04-01 | 39 days | 2,675 sqft |
| 2018-05-01 | 37 days | 2,721 sqft |
| 2018-06-01 | 39 days | 2,672 sqft |
| 2018-07-01 | 40 days | 2,627 sqft |
| 2018-08-01 | 47 days | 2,551 sqft |
| 2018-09-01 | 52 days | 2,515 sqft |
| 2018-10-01 | 56 days | 2,498 sqft |
| 2018-11-01 | 59 days | 2,469 sqft |
| 2018-12-01 | 65 days | 2,437 sqft |
| 2019-01-01 | 67 days | 2,414 sqft |
| 2019-02-01 | 57 days | 2,438 sqft |
| 2019-03-01 | 46 days | 2,474 sqft |
| 2019-04-01 | 44 days | 2,506 sqft |
| 2019-05-01 | 44 days | 2,521 sqft |
| 2019-06-01 | 47 days | 2,515 sqft |
| 2019-07-01 | 49 days | 2,489 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 | 2,350 sqft |
| 2020-01-01 | 66 days | 2,327 sqft |
| 2020-02-01 | 50 days | 2,336 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 | 2,294 sqft |
| 2020-11-01 | 48 days | 2,253 sqft |
| 2020-12-01 | 52 days | 2,202 sqft |
| 2021-01-01 | 49 days | 2,155 sqft |
| 2021-02-01 | 39 days | 2,150 sqft |
| 2021-03-01 | 38 days | 2,150 sqft |
| 2021-04-01 | 30 days | 2,146 sqft |
| 2021-05-01 | 29 days | 2,170 sqft |
| 2021-06-01 | 28 days | 2,172 sqft |
| 2021-07-01 | 28 days | 2,170 sqft |
| 2021-08-01 | 31 days | 2,175 sqft |
| 2021-09-01 | 36 days | 2,166 sqft |
| 2021-10-01 | 36 days | 2,154 sqft |
| 2021-11-01 | 38 days | 2,151 sqft |
| 2021-12-01 | 42 days | 2,147 sqft |
| 2022-01-01 | 41 days | 2,123 sqft |
| 2022-02-01 | 32 days | 2,104 sqft |
| 2022-03-01 | 24 days | 2,116 sqft |
| 2022-04-01 | 23 days | 2,153 sqft |
| 2022-05-01 | 21 days | 2,248 sqft |
| 2022-06-01 | 22 days | 2,304 sqft |
| 2022-07-01 | 29 days | 2,293 sqft |
| 2022-08-01 | 35 days | 2,261 sqft |
| 2022-09-01 | 43 days | 2,248 sqft |
| 2022-10-01 | 44 days | 2,246 sqft |
| 2022-11-01 | 49 days | 2,241 sqft |
| 2022-12-01 | 59 days | 2,215 sqft |
| 2023-01-01 | 64 days | 2,189 sqft |
| 2023-02-01 | 59 days | 2,191 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 |
Dallas's median square footage for active listings during the 2023-05-01 period was 2,305 sqft. One year prior, the average listing was 2,248 sqft.