Fredericksburg VA Loan Rates, Closing Costs & Stats

Fredericksburg, 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.

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 6.84% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

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

The average rate for the prior week (2024-07-05) was 6.75% and one month ago for the week of 2024-06-07, the average rate was 6.57%.

The average rate one year ago was 7.14%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.46%.

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
2024-04-01 $839,875 (5.1%) $1,299,884 (0.6%) 0.00 308
2024-05-01 $829,350 (-0.1%) $1,301,391 (-3.0%) 0.00 316
2024-06-01 $799,650 (-3.1%) $1,348,022 (-0.6%) 0.00 369
Fredericksburg's median listing price for 2024-06-01 was $799,650, a difference of $-25,125 (-3.1%) versus the prior year and $-29,700 versus the prior month.

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

Fredericksburg's average listing price for 2024-06-01 was $1,348,022, a difference of $-7,654 (-0.6%) versus the prior year and $46,631 versus the prior month.

For the 2024-06-01 period, Fredericksburg had 369 MLS listings, a difference of 53 listings (17%) versus the prior month and 111 listings (43%) 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
2024-04-01 0 days 2,168 sqft
2024-05-01 0 days 2,202 sqft
2024-06-01 0 days 2,226 sqft
Fredericksburg's median listing age (time on market) for 2024-06-01 was 0 days.

Fredericksburg's median square footage for active listings during the 2024-06-01 period was 2,226 sqft. One year prior, the average listing was 2,188 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.