El Campo VA Loan Rates, Closing Costs & Stats

El Campo, 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.

    El Campo's 17 lenders originated 25 VA loans during 2022. The total origination value was $6,995,000, with an average VA loan value of $279,800.

    El Campo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in El Campo averaged 6.74% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    El Campo's average VA mortgage closing costs are $5,942.

    The average rate for the prior week (2023-09-15) was 6.82% and one month ago for the week of 2023-08-18, the average rate was 7.1%.

    The average rate one year ago was 5.67%.

    For refis of the same type during the week of 2023-09-22, the average rate was 6.62%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 4 4.76% $6,197
    FREEDOM MORTGAGE CORPORATION 2 3.25% $5,619
    UNITED WHOLESALE MORTGAGE, LLC 2 4.16% $3,617
    Flagstar Bank, FSB 2 3.38% $7,881
    ASPIRE FINANCIAL, INC. 1 4.75% $13,162
    Century Mortgage Company DBA Century Lending Company 1 5.13% $23,849
    CORNERSTONE HOME LENDING, INC. 1 4.85% $5,600
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,500
    Gateway First Bank 1 3.88% $4,807
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $8,678
    Mid-Continent Funding, Inc. 1 3.25% $10,665
    North American Savings Bank, F.S.B. 1 5.25% $1,577
    ACADEMY MORTGAGE CORPORATION 1 3.75% $15,687
    VILLAGE CAPITAL MORTGAGE 1 2.88% $4,492
    AMCAP MORTGAGE, LTD. 1 4.63% $6,131
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.50% $6,575
    Armed Forces Bank 1 4.25% $10,972

    The top El Campo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $6,197, which is $578 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 $202,000 (3.6%) $238,447 (8.4%) 0.00 136
    2018-09-01 $189,000 (-3.1%) $221,707 (2.1%) 0.00 136
    2018-10-01 $173,625 (-9.8%) $210,514 (1.5%) 0.00 137
    2018-11-01 $187,000 (-3.4%) $210,439 (2.6%) 0.00 134
    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%) $230,406 (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 (-6.2%) $228,003 (-4.4%) 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 (4.0%) 0.00 131
    2019-11-01 $182,200 (-2.6%) $214,657 (2.0%) 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
    2022-12-01 $256,000 (12.1%) $263,915 (-2.2%) 0.00 126
    2023-01-01 $257,925 (17.6%) $262,120 (0.3%) 0.00 125
    2023-02-01 $267,500 (24.4%) $266,154 (0.4%) 0.00 123
    2023-03-01 $257,000 (18.3%) $262,989 (-2.0%) 0.00 130
    2023-04-01 $249,500 (16.1%) $255,294 (-0.2%) 0.00 130
    2023-05-01 $249,975 (8.7%) $262,312 (1.8%) 0.00 103
    2023-06-01 $258,750 (0.0%) $278,636 (7.1%) 0.00 98
    2023-07-01 $246,300 (1.6%) $269,950 (3.7%) 0.00 107
    2023-08-01 $226,000 (-6.2%) $253,795 (-5.1%) 0.00 117
    El Campo's median listing price for 2023-08-01 was $226,000, a difference of $-14,975 (-6.2%) versus the prior year and $-20,300 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 2023-08-01 was $253,795, a difference of $-13,497 (-5.1%) versus the prior year and $-16,155 versus the prior month.

    For the 2023-08-01 period, El Campo had 117 MLS listings, a difference of 10 listings (9%) versus the prior month and -6 listings (-5%) 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 1,952 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 1,812 sqft
    2022-06-01 0 days 1,706 sqft
    2022-07-01 0 days 1,690 sqft
    2022-08-01 0 days 1,695 sqft
    2022-09-01 0 days 1,720 sqft
    2022-10-01 0 days 1,737 sqft
    2022-11-01 0 days 1,774 sqft
    2022-12-01 0 days 1,750 sqft
    2023-01-01 0 days 1,724 sqft
    2023-02-01 0 days 1,680 sqft
    2023-03-01 0 days 1,659 sqft
    2023-04-01 0 days 1,651 sqft
    2023-05-01 0 days 1,655 sqft
    2023-06-01 0 days 1,747 sqft
    2023-07-01 0 days 1,751 sqft
    2023-08-01 0 days 1,704 sqft
    El Campo's median listing age (time on market) for 2023-08-01 was 0 days.

    El Campo's median square footage for active listings during the 2023-08-01 period was 1,704 sqft. One year prior, the average listing was 1,695 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.