El Campo VA Loan Rates, Closing Costs & Stats

El Campo, 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.

El Campo's 22 lenders originated 46 VA loans during 2021. The total origination value was $10,860,000, with an average VA loan value of $236,087.

El Campo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in El Campo averaged 7.04% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

El Campo's average VA mortgage closing costs are $5,637.

The average rate for the prior week (2022-11-25) was 6.88% and one month ago for the week of 2022-10-28, the average rate was 7.47%.

The average rate one year ago was 3.55%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.45%.

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

El Campo 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 El Campo level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.53% $5,690
FREEDOM MORTGAGE CORPORATION 4 2.72% $4,077
CALIBER HOME LOANS, INC. 3 2.42% $4,384
PENNYMAC LOAN SERVICES, LLC 3 3.00% $3,252
Mortgage Research Center, LLC 3 2.79% $4,946
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.13% $8,257
SOUTHWEST FUNDING, LP 2 3.19% $7,468
CORNERSTONE HOME LENDING, INC. 2 3.56% $8,073
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.13% $6,389
PLANET HOME LENDING, LLC 1 2.25% $2,796
QUICKEN LOANS, LLC 1 2.25% $789
UNITED WHOLESALE MORTGAGE, LLC 1 2.63% $8,840
AMCAP MORTGAGE, LTD. 1 2.88% $7,282
USAA Federal Savings Bank 1 2.88% $7,719
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $4,420
BROKER SOLUTIONS, INC. 1 2.63% $2,200
CLEARPATH LENDING 1 2.25% $2,735
CMG MORTGAGE, INC. 1 2.99% $6,232
Gateway First Bank 1 3.00% $10,255
NAVY FEDERAL CREDIT UNION 1 2.63% $8,728
NBKC BANK 1 2.88% $4,427
NEW DAY FINANCIAL, LLC 1 2.25% $5,159

The top El Campo VA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 4 VA loans originated. Their average total fees are $5,690, which is $1,613 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - El Campo (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 $183,500 (7.6%) $204,283 (8.5%) 0.00 111
2018-02-01 $189,000 (8.0%) $217,507 (14.6%) 0.00 104
2018-03-01 $183,500 (-2.4%) $216,244 (8.2%) 0.00 107
2018-04-01 $193,500 (-0.8%) $223,029 (4.7%) 0.00 119
2018-05-01 $195,950 (0.1%) $231,238 (8.2%) 0.00 122
2018-06-01 $198,800 (-4.2%) $234,755 (3.6%) 0.00 132
2018-07-01 $209,500 (5.1%) $238,921 (7.2%) 0.00 127
2018-08-01 $200,750 (3.0%) $238,238 (8.3%) 0.00 137
2018-09-01 $189,000 (-3.1%) $221,707 (2.1%) 0.00 136
2018-10-01 $173,600 (-9.8%) $210,061 (1.3%) 0.00 137
2018-11-01 $186,000 (-3.9%) $209,529 (2.1%) 0.00 135
2018-12-01 $185,000 (2.8%) $214,316 (6.4%) 0.00 133
2019-01-01 $189,125 (3.1%) $218,688 (7.1%) 0.00 123
2019-02-01 $180,375 (-4.6%) $216,373 (-0.5%) 0.00 135
2019-03-01 $189,107 (3.1%) $225,293 (4.2%) 0.00 130
2019-04-01 $190,850 (-1.4%) $230,460 (3.3%) 0.00 123
2019-05-01 $190,750 (-2.7%) $234,316 (1.3%) 0.00 118
2019-06-01 $189,000 (-4.9%) $234,748 (0.0%) 0.00 119
2019-07-01 $189,800 (-9.4%) $230,855 (-3.4%) 0.00 132
2019-08-01 $189,509 (-5.6%) $228,003 (-4.3%) 0.00 133
2019-09-01 $189,223 (0.1%) $223,363 (0.8%) 0.00 129
2019-10-01 $189,282 (9.0%) $219,003 (4.3%) 0.00 131
2019-11-01 $182,200 (-2.0%) $214,657 (2.5%) 0.00 135
2019-12-01 $183,700 (-0.7%) $221,990 (3.6%) 0.00 125
2020-01-01 $179,875 (-4.9%) $211,325 (-3.4%) 0.00 116
2020-02-01 $196,750 (9.1%) $231,790 (7.1%) 0.00 125
2020-03-01 $189,948 (0.4%) $229,146 (1.7%) 0.00 131
2020-04-01 $187,500 (-1.8%) $220,961 (-4.1%) 0.00 128
2020-05-01 $195,000 (2.2%) $230,306 (-1.7%) 0.00 129
2020-06-01 $201,450 (6.6%) $229,751 (-2.1%) 0.00 132
2020-07-01 $188,832 (-0.5%) $220,867 (-4.3%) 0.00 118
2020-08-01 $189,000 (-0.3%) $232,699 (2.1%) 0.00 115
2020-09-01 $188,275 (-0.5%) $231,453 (3.6%) 0.00 115
2020-10-01 $182,250 (-3.7%) $223,829 (2.2%) 0.00 111
2020-11-01 $179,419 (-1.5%) $222,770 (3.8%) 0.00 98
2020-12-01 $179,225 (-2.4%) $216,674 (-2.4%) 0.00 90
2021-01-01 $188,955 (5.1%) $220,000 (4.1%) 0.00 92
2021-02-01 $199,000 (1.1%) $238,204 (2.8%) 0.00 100
2021-03-01 $199,975 (5.3%) $241,393 (5.3%) 0.00 90
2021-04-01 $221,200 (18.0%) $245,255 (11.0%) 0.00 79
2021-05-01 $219,900 (12.8%) $244,366 (6.1%) 0.00 76
2021-06-01 $191,975 (-4.7%) $244,842 (6.6%) 0.00 72
2021-07-01 $190,000 (0.6%) $233,426 (5.7%) 0.00 82
2021-08-01 $232,500 (23.0%) $255,252 (9.7%) 0.00 91
2021-09-01 $256,975 (36.5%) $275,571 (19.1%) 0.00 94
2021-10-01 $238,250 (30.7%) $257,498 (15.0%) 0.00 98
2021-11-01 $226,000 (26.0%) $253,342 (13.7%) 0.00 102
2021-12-01 $228,375 (27.4%) $269,800 (24.5%) 0.00 98
2022-01-01 $219,250 (16.0%) $261,395 (18.8%) 0.00 98
2022-02-01 $215,000 (8.0%) $265,222 (11.3%) 0.00 102
2022-03-01 $217,250 (8.6%) $268,295 (11.1%) 0.00 108
2022-04-01 $214,999 (-2.8%) $255,850 (4.3%) 0.00 107
2022-05-01 $229,950 (4.6%) $257,660 (5.4%) 0.00 101
2022-06-01 $258,725 (34.8%) $260,197 (6.3%) 0.00 101
2022-07-01 $242,450 (27.6%) $260,224 (11.5%) 0.00 113
2022-08-01 $240,975 (3.7%) $267,292 (4.7%) 0.00 123
2022-09-01 $239,900 (-6.6%) $265,232 (-3.8%) 0.00 121
2022-10-01 $245,000 (2.8%) $264,196 (2.6%) 0.00 127
2022-11-01 $251,250 (11.2%) $264,389 (4.4%) 0.00 136
El Campo's median listing price for 2022-11-01 was $251,250, a difference of $25,250 (11.2%) versus the prior year and $6,250 versus the prior month.

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

El Campo's average listing price for 2022-11-01 was $264,389, a difference of $11,047 (4.4%) versus the prior year and $193 versus the prior month.

For the 2022-11-01 period, El Campo had 136 MLS listings, a difference of 9 listings (7%) versus the prior month and 34 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - El Campo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,054 sqft
2018-02-01 0 days 2,133 sqft
2018-03-01 0 days 2,135 sqft
2018-04-01 0 days 2,127 sqft
2018-05-01 0 days 2,132 sqft
2018-06-01 0 days 2,135 sqft
2018-07-01 0 days 2,112 sqft
2018-08-01 0 days 2,090 sqft
2018-09-01 0 days 2,036 sqft
2018-10-01 0 days 1,978 sqft
2018-11-01 0 days 1,968 sqft
2018-12-01 0 days 1,986 sqft
2019-01-01 0 days 1,973 sqft
2019-02-01 0 days 1,901 sqft
2019-03-01 0 days 1,915 sqft
2019-04-01 0 days 1,924 sqft
2019-05-01 0 days 1,904 sqft
2019-06-01 0 days 1,813 sqft
2019-07-01 0 days 1,757 sqft
2019-08-01 0 days 1,761 sqft
2019-09-01 0 days 1,747 sqft
2019-10-01 0 days 1,739 sqft
2019-11-01 0 days 1,741 sqft
2019-12-01 0 days 1,749 sqft
2020-01-01 0 days 1,763 sqft
2020-02-01 0 days 1,832 sqft
2020-03-01 0 days 1,782 sqft
2020-04-01 0 days 1,751 sqft
2020-05-01 0 days 1,808 sqft
2020-06-01 0 days 1,808 sqft
2020-07-01 0 days 1,748 sqft
2020-08-01 0 days 1,744 sqft
2020-09-01 0 days 1,731 sqft
2020-10-01 0 days 1,736 sqft
2020-11-01 0 days 1,768 sqft
2020-12-01 0 days 1,765 sqft
2021-01-01 0 days 1,761 sqft
2021-02-01 0 days 1,764 sqft
2021-03-01 0 days 1,792 sqft
2021-04-01 0 days 1,827 sqft
2021-05-01 0 days 1,851 sqft
2021-06-01 0 days 1,790 sqft
2021-07-01 0 days 1,714 sqft
2021-08-01 0 days 1,826 sqft
2021-09-01 0 days 1,868 sqft
2021-10-01 0 days 1,761 sqft
2021-11-01 0 days 1,710 sqft
2021-12-01 0 days 1,676 sqft
2022-01-01 0 days 1,621 sqft
2022-02-01 0 days 1,631 sqft
2022-03-01 0 days 1,646 sqft
2022-04-01 0 days 1,640 sqft
2022-05-01 0 days 1,808 sqft
2022-06-01 0 days 1,696 sqft
2022-07-01 0 days 1,689 sqft
2022-08-01 0 days 1,689 sqft
2022-09-01 0 days 1,701 sqft
2022-10-01 0 days 1,730 sqft
2022-11-01 0 days 1,772 sqft
El Campo's median listing age (time on market) for 2022-11-01 was 0 days.

El Campo's median square footage for active listings during the 2022-11-01 period was 1,772 sqft. One year prior, the average listing was 1,710 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.