Del Rio VA Loan Rates, Closing Costs & Stats

Del Rio, 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.

    Del Rio's 31 lenders originated 119 VA loans during 2023. The total origination value was $34,895,000, with an average VA loan value of $293,235.

    Del Rio VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Del Rio averaged 6.68% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Del Rio's average VA mortgage closing costs are $7,120.

    The average rate for the prior week (2024-04-12) was 6.41% and one month ago for the week of 2024-03-15, the average rate was 6.58%.

    The average rate one year ago was 6.07%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Del Rio 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 Del Rio level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.74% $6,882
    Armed Forces Bank 14 6.41% $9,416
    UNITED WHOLESALE MORTGAGE, LLC 10 5.82% $7,386
    PENNYMAC LOAN SERVICES, LLC 7 5.50% $10,765
    USAA Federal Savings Bank 7 6.50% $8,638
    NAVY FEDERAL CREDIT UNION 6 5.71% $3,000
    Flagstar Bank, FSB 6 6.31% $8,157
    QUICKEN LOANS, LLC 6 6.60% $11,460
    NBKC BANK 5 6.33% $7,177
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.58% $5,861
    SFMC, LP 3 5.75% $8,559
    Barrington Bank & Trust Company, N.A. 2 5.88% $14,371
    GUARANTEED RATE, INC. 2 6.93% $9,776
    Century Mortgage Company DBA Century Lending Company 2 6.69% $12,460
    PLANET HOME LENDING, LLC 2 5.56% $10,484
    Sunflower Bank 2 5.88% $10,304
    Wells Fargo Bank 1 5.63% $10,846
    AMCAP MORTGAGE, LTD. 1 6.75% $15,796
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $3,694
    BARTON CREEK LENDING GROUP, LLC 1 5.50% $13,457
    CMG MORTGAGE, INC. 1 6.25% $12,791
    Farmers Bank & Trust 1 4.63% $13,510
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $15,506
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $12,707
    GUILD MORTGAGE COMPANY 1 6.63% $23,989
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $21,355
    NEWREZ LLC 1 5.75% $4,422
    Paramount Residential Mortgage Group, Inc. 1 6.63% $8,915
    Strong Home Mortgage, LLC 1 5.75% $17,698
    Wallick & Volk, Inc. 1 6.00% $5,733
    Academy Bank 1 5.75% $14,192

    The top Del Rio VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $6,882, which is $2,534 lower than the next largest lender, Armed Forces Bank.

    The lowest fee Del Rio VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,882), UNITED WHOLESALE MORTGAGE, LLC ($7,386), Armed Forces Bank ($9,416), .

    The lowest rate Del Rio VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.82%), Armed Forces Bank (6.41%), Mortgage Research Center, LLC (6.74%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Del Rio (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 $171,350 (-1.1%) $210,752 (-0.3%) 0.00 186
    2018-02-01 $174,450 (-1.5%) $206,790 (-5.8%) 0.00 197
    2018-03-01 $179,500 (2.6%) $209,324 (-4.4%) 0.00 183
    2018-04-01 $184,950 (-0.5%) $212,385 (-5.0%) 0.00 182
    2018-05-01 $184,925 (8.8%) $214,813 (0.6%) 0.00 187
    2018-06-01 $189,000 (10.8%) $219,635 (4.8%) 0.00 176
    2018-07-01 $189,125 (11.9%) $221,770 (6.5%) 0.00 169
    2018-08-01 $194,975 (14.7%) $223,783 (8.6%) 0.00 178
    2018-09-01 $193,500 (17.3%) $230,369 (12.4%) 0.00 174
    2018-10-01 $186,150 (12.3%) $212,872 (4.3%) 0.00 174
    2018-11-01 $184,950 (13.3%) $207,971 (3.3%) 0.00 158
    2018-12-01 $185,000 (5.7%) $210,290 (0.4%) 0.00 149
    2019-01-01 $184,850 (7.9%) $208,552 (-1.0%) 0.00 148
    2019-02-01 $182,800 (4.8%) $204,645 (-1.0%) 0.00 150
    2019-03-01 $183,286 (2.1%) $207,525 (-0.9%) 0.00 146
    2019-04-01 $185,000 (0.0%) $211,507 (-0.4%) 0.00 149
    2019-05-01 $190,150 (2.8%) $211,920 (-1.4%) 0.00 147
    2019-06-01 $200,000 (5.8%) $217,983 (-0.8%) 0.00 136
    2019-07-01 $189,950 (0.4%) $221,113 (-0.3%) 0.00 119
    2019-08-01 $184,336 (-5.5%) $218,076 (-2.6%) 0.00 121
    2019-09-01 $175,991 (-9.1%) $212,609 (-7.7%) 0.00 129
    2019-10-01 $171,927 (-7.6%) $208,964 (-1.8%) 0.00 135
    2019-11-01 $178,500 (-3.5%) $205,393 (-1.2%) 0.00 137
    2019-12-01 $174,975 (-5.4%) $204,586 (-2.7%) 0.00 151
    2020-01-01 $162,500 (-12.1%) $199,371 (-4.4%) 0.00 150
    2020-02-01 $178,000 (-2.6%) $205,065 (0.2%) 0.00 154
    2020-03-01 $187,025 (2.0%) $214,010 (3.1%) 0.00 150
    2020-04-01 $191,575 (3.6%) $219,711 (3.9%) 0.00 145
    2020-05-01 $194,450 (2.3%) $225,758 (6.5%) 0.00 122
    2020-06-01 $193,500 (-3.3%) $225,105 (3.3%) 0.00 112
    2020-07-01 $224,975 (18.4%) $226,025 (2.2%) 0.00 104
    2020-08-01 $174,250 (-5.5%) $214,662 (-1.6%) 0.00 96
    2020-09-01 $188,750 (7.3%) $216,176 (1.7%) 0.00 97
    2020-10-01 $192,500 (12.0%) $220,466 (5.5%) 0.00 83
    2020-11-01 $175,250 (-1.8%) $215,809 (5.1%) 0.00 84
    2020-12-01 $193,500 (10.6%) $230,589 (12.7%) 0.00 94
    2021-01-01 $179,900 (10.7%) $229,569 (15.2%) 0.00 88
    2021-02-01 $179,900 (1.1%) $239,003 (16.6%) 0.00 82
    2021-03-01 $183,725 (-1.8%) $242,821 (13.5%) 0.00 85
    2021-04-01 $182,475 (-4.8%) $244,061 (11.1%) 0.00 67
    2021-05-01 $179,900 (-7.5%) $241,523 (7.0%) 0.00 63
    2021-06-01 $178,675 (-7.7%) $248,719 (10.5%) 0.00 62
    2021-07-01 $194,500 (-13.6%) $246,817 (9.2%) 0.00 68
    2021-08-01 $195,100 (12.0%) $247,704 (15.4%) 0.00 78
    2021-09-01 $196,200 (4.0%) $252,776 (16.9%) 0.00 82
    2021-10-01 $195,900 (1.8%) $250,650 (13.7%) 0.00 98
    2021-11-01 $201,750 (15.1%) $246,619 (14.3%) 0.00 113
    2021-12-01 $215,000 (11.1%) $237,658 (3.1%) 0.00 119
    2022-01-01 $219,700 (22.1%) $242,652 (5.7%) 0.00 96
    2022-02-01 $225,000 (25.1%) $259,087 (8.4%) 0.00 105
    2022-03-01 $225,000 (22.5%) $265,535 (9.4%) 0.00 103
    2022-04-01 $240,000 (31.5%) $295,436 (21.1%) 0.00 106
    2022-05-01 $249,900 (38.9%) $297,450 (23.2%) 0.00 109
    2022-06-01 $284,750 (59.4%) $313,254 (26.0%) 0.00 106
    2022-07-01 $299,000 (53.7%) $339,059 (37.4%) 0.00 129
    2022-08-01 $299,225 (53.4%) $329,507 (33.0%) 0.00 138
    2022-09-01 $293,875 (49.8%) $321,586 (27.2%) 0.00 138
    2022-10-01 $265,500 (35.5%) $317,073 (26.5%) 0.00 138
    2022-11-01 $266,055 (31.9%) $329,935 (33.8%) 0.00 146
    2022-12-01 $271,500 (26.3%) $333,378 (40.3%) 0.00 141
    2023-01-01 $264,110 (20.2%) $332,098 (36.9%) 0.00 134
    2023-02-01 $259,596 (15.4%) $323,396 (24.8%) 0.00 144
    2023-03-01 $250,000 (11.1%) $319,790 (20.4%) 0.00 145
    2023-04-01 $262,000 (9.2%) $313,733 (6.2%) 0.00 139
    2023-05-01 $285,576 (14.3%) $313,100 (5.3%) 0.00 157
    2023-06-01 $275,750 (-3.2%) $305,461 (-2.5%) 0.00 160
    2023-07-01 $269,950 (-9.7%) $300,585 (-11.4%) 0.00 154
    2023-08-01 $259,000 (-13.4%) $287,473 (-12.8%) 0.00 152
    2023-09-01 $269,740 (-8.2%) $288,786 (-10.2%) 0.00 156
    2023-10-01 $280,053 (5.5%) $300,720 (-5.2%) 0.00 152
    2023-11-01 $272,000 (2.2%) $304,027 (-7.9%) 0.00 158
    2023-12-01 $277,000 (2.0%) $305,514 (-8.4%) 0.00 158
    2024-01-01 $273,225 (3.5%) $315,954 (-4.9%) 0.00 155
    2024-02-01 $256,725 (-1.1%) $313,541 (-3.1%) 0.00 170
    2024-03-01 $265,000 (6.0%) $320,053 (0.1%) 0.00 180
    Del Rio's median listing price for 2024-03-01 was $265,000, a difference of $15,000 (6.0%) versus the prior year and $8,275 versus the prior month.

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

    Del Rio's average listing price for 2024-03-01 was $320,053, a difference of $263 (0.1%) versus the prior year and $6,512 versus the prior month.

    For the 2024-03-01 period, Del Rio had 180 MLS listings, a difference of 10 listings (6%) versus the prior month and 35 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Del Rio (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,979 sqft
    2018-02-01 0 days 1,909 sqft
    2018-03-01 0 days 2,000 sqft
    2018-04-01 0 days 1,983 sqft
    2018-05-01 0 days 1,989 sqft
    2018-06-01 0 days 2,018 sqft
    2018-07-01 0 days 2,037 sqft
    2018-08-01 0 days 2,046 sqft
    2018-09-01 0 days 2,040 sqft
    2018-10-01 0 days 2,017 sqft
    2018-11-01 0 days 2,001 sqft
    2018-12-01 0 days 2,001 sqft
    2019-01-01 0 days 2,000 sqft
    2019-02-01 0 days 1,956 sqft
    2019-03-01 0 days 1,981 sqft
    2019-04-01 0 days 2,011 sqft
    2019-05-01 0 days 2,042 sqft
    2019-06-01 0 days 2,049 sqft
    2019-07-01 0 days 2,061 sqft
    2019-08-01 0 days 2,004 sqft
    2019-09-01 0 days 1,919 sqft
    2019-10-01 0 days 1,862 sqft
    2019-11-01 0 days 1,919 sqft
    2019-12-01 0 days 1,857 sqft
    2020-01-01 0 days 1,837 sqft
    2020-02-01 0 days 1,894 sqft
    2020-03-01 0 days 1,935 sqft
    2020-04-01 0 days 1,976 sqft
    2020-05-01 0 days 1,974 sqft
    2020-06-01 0 days 1,978 sqft
    2020-07-01 0 days 2,007 sqft
    2020-08-01 0 days 1,943 sqft
    2020-09-01 0 days 1,880 sqft
    2020-10-01 0 days 1,858 sqft
    2020-11-01 0 days 1,845 sqft
    2020-12-01 0 days 1,908 sqft
    2021-01-01 0 days 1,868 sqft
    2021-02-01 0 days 1,905 sqft
    2021-03-01 0 days 1,808 sqft
    2021-04-01 0 days 1,817 sqft
    2021-05-01 0 days 1,769 sqft
    2021-06-01 0 days 1,793 sqft
    2021-07-01 0 days 1,833 sqft
    2021-08-01 0 days 1,874 sqft
    2021-09-01 0 days 1,931 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,774 sqft
    2021-12-01 0 days 1,741 sqft
    2022-01-01 0 days 1,728 sqft
    2022-02-01 0 days 1,769 sqft
    2022-03-01 0 days 1,911 sqft
    2022-04-01 0 days 2,005 sqft
    2022-05-01 0 days 2,025 sqft
    2022-06-01 0 days 2,190 sqft
    2022-07-01 0 days 2,190 sqft
    2022-08-01 0 days 2,125 sqft
    2022-09-01 0 days 2,074 sqft
    2022-10-01 0 days 2,001 sqft
    2022-11-01 0 days 2,011 sqft
    2022-12-01 0 days 2,026 sqft
    2023-01-01 0 days 1,959 sqft
    2023-02-01 0 days 1,977 sqft
    2023-03-01 0 days 2,013 sqft
    2023-04-01 0 days 2,020 sqft
    2023-05-01 0 days 2,017 sqft
    2023-06-01 0 days 2,000 sqft
    2023-07-01 0 days 2,020 sqft
    2023-08-01 0 days 2,012 sqft
    2023-09-01 0 days 2,053 sqft
    2023-10-01 0 days 2,074 sqft
    2023-11-01 0 days 2,095 sqft
    2023-12-01 0 days 2,064 sqft
    2024-01-01 0 days 2,036 sqft
    2024-02-01 0 days 2,037 sqft
    2024-03-01 0 days 2,058 sqft
    Del Rio's median listing age (time on market) for 2024-03-01 was 0 days.

    Del Rio's median square footage for active listings during the 2024-03-01 period was 2,058 sqft. One year prior, the average listing was 2,013 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.