Fredericksburg VA Loan Rates, Closing Costs & Stats

Fredericksburg, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Fredericksburg's 14 lenders originated 18 VA loans during 2023. The total origination value was $7,760,000, with an average VA loan value of $431,111.

    Fredericksburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fredericksburg averaged 7.23% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Fredericksburg's average VA mortgage closing costs are $8,358.

    The average rate for the prior week (2024-04-12) was 6.76% and one month ago for the week of 2024-03-15, the average rate was 6.72%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Fredericksburg 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 Fredericksburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 3 6.50% $12,057
    UNITED WHOLESALE MORTGAGE, LLC 2 7.13% $2,174
    PENNYMAC LOAN SERVICES, LLC 2 5.63% $11,847
    GUARANTEED RATE, INC. 1 6.75% $4,367
    GUILD MORTGAGE COMPANY 1 7.13% $21,455
    LOANDEPOT.COM, LLC 1 6.25% $13,988
    LOANPEOPLE, LLC 1 6.75% $34,552
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $18,660
    NAVY FEDERAL CREDIT UNION 1 4.25% $19,695
    AMCAP MORTGAGE, LTD. 1 6.75% $7,848
    Plains Commerce Bank 1 6.63% $15,164
    QUICKEN LOANS, LLC 1 7.63% $4,041
    SWBC MORTGAGE CORPORATION 1 6.13% $17,575
    Armed Forces Bank 1 5.25% $15,448

    The top Fredericksburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3 VA loans originated. Their average total fees are $12,057, which is $9,883 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fredericksburg (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 $499,600 (-9.0%) $761,638 (-11.0%) 0.00 231
    2018-02-01 $499,700 (-9.9%) $761,461 (-11.6%) 0.00 234
    2018-03-01 $499,000 (-10.8%) $732,758 (-15.4%) 0.00 254
    2018-04-01 $499,400 (-13.0%) $751,109 (-11.8%) 0.00 260
    2018-05-01 $495,000 (-13.2%) $740,380 (-14.6%) 0.00 268
    2018-06-01 $502,000 (-12.6%) $734,462 (-7.7%) 0.00 264
    2018-07-01 $506,000 (-14.1%) $746,373 (-5.9%) 0.00 257
    2018-08-01 $531,750 (-3.3%) $767,410 (1.3%) 0.00 254
    2018-09-01 $545,000 (3.8%) $788,414 (1.9%) 0.00 253
    2018-10-01 $549,000 (0.0%) $782,365 (0.5%) 0.00 249
    2018-11-01 $534,213 (1.6%) $779,484 (2.8%) 0.00 243
    2018-12-01 $517,000 (-5.8%) $794,994 (4.8%) 0.00 238
    2019-01-01 $530,138 (6.1%) $802,674 (5.4%) 0.00 219
    2019-02-01 $525,000 (5.1%) $776,257 (1.9%) 0.00 219
    2019-03-01 $543,586 (8.9%) $798,712 (9.0%) 0.00 219
    2019-04-01 $549,850 (10.1%) $808,191 (7.6%) 0.00 223
    2019-05-01 $590,000 (19.2%) $826,468 (11.6%) 0.00 229
    2019-06-01 $550,000 (9.6%) $804,614 (9.6%) 0.00 232
    2019-07-01 $529,000 (4.6%) $769,409 (3.1%) 0.00 229
    2019-08-01 $514,155 (-3.3%) $759,142 (-1.1%) 0.00 245
    2019-09-01 $506,136 (-7.1%) $774,752 (-1.7%) 0.00 258
    2019-10-01 $513,341 (-6.5%) $787,318 (0.6%) 0.00 265
    2019-11-01 $504,750 (-5.5%) $772,815 (-0.9%) 0.00 260
    2019-12-01 $504,500 (-2.4%) $837,551 (5.4%) 0.00 244
    2020-01-01 $501,750 (-5.4%) $785,556 (-2.1%) 0.00 211
    2020-02-01 $571,750 (8.9%) $868,750 (11.9%) 0.00 210
    2020-03-01 $603,833 (11.1%) $927,079 (16.1%) 0.00 212
    2020-04-01 $598,500 (8.9%) $908,325 (12.4%) 0.00 238
    2020-05-01 $599,450 (1.6%) $902,327 (9.2%) 0.00 236
    2020-06-01 $604,925 (10.0%) $905,313 (12.5%) 0.00 231
    2020-07-01 $647,500 (22.4%) $931,729 (21.1%) 0.00 204
    2020-08-01 $649,000 (26.2%) $901,172 (18.7%) 0.00 189
    2020-09-01 $646,500 (27.7%) $889,912 (14.9%) 0.00 174
    2020-10-01 $680,000 (32.5%) $1,009,077 (28.2%) 0.00 162
    2020-11-01 $686,000 (35.9%) $1,018,324 (31.8%) 0.00 153
    2020-12-01 $733,625 (45.4%) $1,132,428 (35.2%) 0.00 128
    2021-01-01 $750,000 (49.5%) $1,151,385 (46.6%) 0.00 99
    2021-02-01 $845,875 (47.9%) $1,211,104 (39.4%) 0.00 87
    2021-03-01 $833,725 (38.1%) $1,144,779 (23.5%) 0.00 84
    2021-04-01 $905,750 (51.3%) $1,316,591 (45.0%) 0.00 64
    2021-05-01 $888,000 (48.1%) $1,282,568 (42.1%) 0.00 61
    2021-06-01 $863,000 (42.7%) $1,375,589 (52.0%) 0.00 75
    2021-07-01 $799,500 (23.5%) $1,202,409 (29.1%) 0.00 101
    2021-08-01 $787,000 (21.3%) $1,301,870 (44.5%) 0.00 100
    2021-09-01 $797,250 (23.3%) $1,326,066 (49.0%) 0.00 117
    2021-10-01 $849,500 (24.9%) $1,339,678 (32.8%) 0.00 110
    2021-11-01 $899,000 (31.1%) $1,461,234 (43.5%) 0.00 93
    2021-12-01 $918,425 (25.2%) $1,444,942 (27.6%) 0.00 90
    2022-01-01 $989,000 (31.9%) $1,518,246 (31.9%) 0.00 79
    2022-02-01 $1,068,625 (26.3%) $1,576,226 (30.2%) 0.00 71
    2022-03-01 $1,195,000 (43.3%) $1,683,610 (47.1%) 0.00 70
    2022-04-01 $1,187,500 (31.1%) $1,703,274 (29.4%) 0.00 75
    2022-05-01 $934,500 (5.2%) $1,471,508 (14.7%) 0.00 101
    2022-06-01 $881,000 (2.1%) $1,375,632 (0.0%) 0.00 130
    2022-07-01 $775,000 (-3.1%) $1,189,636 (-1.1%) 0.00 148
    2022-08-01 $754,375 (-4.2%) $1,191,125 (-8.5%) 0.00 164
    2022-09-01 $743,125 (-6.8%) $1,155,068 (-12.9%) 0.00 165
    2022-10-01 $722,250 (-15.0%) $1,146,411 (-14.4%) 0.00 178
    2022-11-01 $704,350 (-21.7%) $1,213,636 (-16.9%) 0.00 183
    2022-12-01 $698,500 (-24.0%) $1,268,821 (-12.2%) 0.00 185
    2023-01-01 $697,000 (-29.5%) $1,283,674 (-15.5%) 0.00 185
    2023-02-01 $782,500 (-26.8%) $1,309,472 (-16.9%) 0.00 197
    2023-03-01 $774,500 (-35.2%) $1,301,552 (-22.7%) 0.00 223
    2023-04-01 $799,000 (-32.7%) $1,291,638 (-24.2%) 0.00 237
    2023-05-01 $829,800 (-11.2%) $1,341,563 (-8.8%) 0.00 250
    2023-06-01 $824,775 (-6.4%) $1,355,676 (-1.5%) 0.00 258
    2023-07-01 $798,500 (3.0%) $1,350,208 (13.5%) 0.00 269
    2023-08-01 $782,000 (3.7%) $1,292,149 (8.5%) 0.00 278
    2023-09-01 $787,500 (6.0%) $1,249,058 (8.1%) 0.00 303
    2023-10-01 $799,000 (10.6%) $1,277,577 (11.4%) 0.00 303
    2023-11-01 $798,000 (13.3%) $1,248,785 (2.9%) 0.00 314
    2023-12-01 $799,000 (14.4%) $1,223,084 (-3.6%) 0.00 289
    2024-01-01 $797,000 (14.4%) $1,277,468 (-0.5%) 0.00 256
    2024-02-01 $796,000 (1.7%) $1,291,688 (-1.4%) 0.00 275
    2024-03-01 $825,000 (6.5%) $1,305,155 (0.3%) 0.00 286
    Fredericksburg's median listing price for 2024-03-01 was $825,000, a difference of $50,500 (6.5%) versus the prior year and $29,000 versus the prior month.

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

    Fredericksburg's average listing price for 2024-03-01 was $1,305,155, a difference of $3,603 (0.3%) versus the prior year and $13,467 versus the prior month.

    For the 2024-03-01 period, Fredericksburg had 286 MLS listings, a difference of 11 listings (4%) versus the prior month and 63 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fredericksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,238 sqft
    2018-02-01 0 days 2,245 sqft
    2018-03-01 0 days 2,229 sqft
    2018-04-01 0 days 2,324 sqft
    2018-05-01 0 days 2,319 sqft
    2018-06-01 0 days 2,318 sqft
    2018-07-01 0 days 2,334 sqft
    2018-08-01 0 days 2,313 sqft
    2018-09-01 0 days 2,335 sqft
    2018-10-01 0 days 2,279 sqft
    2018-11-01 0 days 2,255 sqft
    2018-12-01 0 days 2,227 sqft
    2019-01-01 0 days 2,191 sqft
    2019-02-01 0 days 2,145 sqft
    2019-03-01 0 days 2,118 sqft
    2019-04-01 0 days 2,038 sqft
    2019-05-01 0 days 2,032 sqft
    2019-06-01 0 days 2,001 sqft
    2019-07-01 0 days 1,943 sqft
    2019-08-01 0 days 1,938 sqft
    2019-09-01 0 days 1,949 sqft
    2019-10-01 0 days 1,958 sqft
    2019-11-01 0 days 1,972 sqft
    2019-12-01 0 days 2,025 sqft
    2020-01-01 0 days 2,033 sqft
    2020-02-01 0 days 2,143 sqft
    2020-03-01 0 days 2,220 sqft
    2020-04-01 0 days 2,221 sqft
    2020-05-01 0 days 2,246 sqft
    2020-06-01 0 days 2,245 sqft
    2020-07-01 0 days 2,260 sqft
    2020-08-01 0 days 2,317 sqft
    2020-09-01 0 days 2,243 sqft
    2020-10-01 0 days 2,231 sqft
    2020-11-01 0 days 2,216 sqft
    2020-12-01 0 days 2,470 sqft
    2021-01-01 0 days 2,484 sqft
    2021-02-01 0 days 2,560 sqft
    2021-03-01 0 days 2,711 sqft
    2021-04-01 0 days 2,800 sqft
    2021-05-01 0 days 2,619 sqft
    2021-06-01 0 days 2,287 sqft
    2021-07-01 0 days 2,175 sqft
    2021-08-01 0 days 2,089 sqft
    2021-09-01 0 days 2,119 sqft
    2021-10-01 0 days 2,192 sqft
    2021-11-01 0 days 2,327 sqft
    2021-12-01 0 days 2,354 sqft
    2022-01-01 0 days 2,400 sqft
    2022-02-01 0 days 2,633 sqft
    2022-03-01 0 days 2,639 sqft
    2022-04-01 0 days 2,722 sqft
    2022-05-01 0 days 2,074 sqft
    2022-06-01 0 days 2,024 sqft
    2022-07-01 0 days 1,976 sqft
    2022-08-01 0 days 1,980 sqft
    2022-09-01 0 days 2,000 sqft
    2022-10-01 0 days 2,001 sqft
    2022-11-01 0 days 2,036 sqft
    2022-12-01 0 days 2,019 sqft
    2023-01-01 0 days 2,025 sqft
    2023-02-01 0 days 2,058 sqft
    2023-03-01 0 days 2,053 sqft
    2023-04-01 0 days 2,082 sqft
    2023-05-01 0 days 2,156 sqft
    2023-06-01 0 days 2,188 sqft
    2023-07-01 0 days 2,183 sqft
    2023-08-01 0 days 2,195 sqft
    2023-09-01 0 days 2,208 sqft
    2023-10-01 0 days 2,202 sqft
    2023-11-01 0 days 2,188 sqft
    2023-12-01 0 days 2,174 sqft
    2024-01-01 0 days 2,120 sqft
    2024-02-01 0 days 2,138 sqft
    2024-03-01 0 days 2,136 sqft
    Fredericksburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Fredericksburg's median square footage for active listings during the 2024-03-01 period was 2,136 sqft. One year prior, the average listing was 2,053 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.