Gainesville VA Loan Rates, Closing Costs & Stats

Gainesville, 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.

Gainesville's 24 lenders originated 51 VA loans during 2023. The total origination value was $17,605,000, with an average VA loan value of $345,196.

Gainesville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Gainesville averaged 6.05% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

Gainesville's average VA mortgage closing costs are $7,576.

The average rate for the prior week (2024-12-06) was 6.19% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

The average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

Gainesville 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 Gainesville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 9 6.71% $5,617
DHI MORTGAGE COMPANY, LTD. 8 5.29% $9,126
GUILD MORTGAGE COMPANY 4 6.41% $11,272
Republic State Mortgage Co. 4 5.19% $10,300
PLANET HOME LENDING, LLC 2 6.75% $13,408
First State Bank 2 5.94% $11,697
SECURITYNATIONAL MORTGAGE COMPANY 2 7.00% $13,781
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.75% $11,479
MORTGAGE FINANCIAL SERVICES, LLC 2 6.88% $21,352
PLAZA HOME MORTGAGE, INC. 1 5.38% $7,343
Prosperity Bank 1 6.75% $4,419
Town Square Mortgage & Investments, Inc. 1 6.99% $4,170
UNITED WHOLESALE MORTGAGE, LLC 1 7.75% $22,749
USAA Federal Savings Bank 1 5.75% $6,901
American National Bank & Trust 1 6.00% $10,510
V.I.P. MORTGAGE, INC. 1 5.75% $12,023
CARDINAL FINANCIAL 1 5.38% $23,414
Citizens Bank 1 5.88% $9,812
Encompass Lending Group, LP 1 7.13% $17,484
Equity Prime Mortgage LLC 1 7.75% $5,545
EVERETT FINANCIAL, INC. 1 6.63% $10,224
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $12,143
GUARANTEED RATE, INC. 1 6.25% $3,197
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $738

The top Gainesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $5,617, which is $3,509 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Gainesville (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 $274,700 (-3.4%) $374,017 (-1.9%) 0.00 99
2018-02-01 $314,950 (3.1%) $395,068 (0.5%) 0.00 96
2018-03-01 $344,000 (15.2%) $425,403 (8.1%) 0.00 92
2018-04-01 $363,675 (23.3%) $448,007 (13.5%) 0.00 92
2018-05-01 $367,450 (18.5%) $477,820 (8.5%) 0.00 103
2018-06-01 $345,900 (15.9%) $442,542 (3.1%) 0.00 121
2018-07-01 $317,500 (5.9%) $438,499 (5.8%) 0.00 134
2018-08-01 $324,950 (-0.3%) $416,642 (0.6%) 0.00 139
2018-09-01 $299,900 (-3.2%) $405,533 (-1.0%) 0.00 138
2018-10-01 $276,750 (-9.3%) $388,587 (-3.7%) 0.00 138
2018-11-01 $293,750 (-7.7%) $397,506 (-4.6%) 0.00 126
2018-12-01 $270,676 (-0.8%) $381,950 (-6.1%) 0.00 125
2019-01-01 $248,450 (-9.6%) $372,016 (-0.5%) 0.00 114
2019-02-01 $272,788 (-13.4%) $393,636 (-0.4%) 0.00 122
2019-03-01 $271,883 (-21.0%) $393,333 (-7.5%) 0.00 128
2019-04-01 $270,827 (-25.5%) $392,367 (-12.4%) 0.00 138
2019-05-01 $291,250 (-20.7%) $368,763 (-22.8%) 0.00 139
2019-06-01 $298,000 (-13.9%) $383,560 (-13.3%) 0.00 147
2019-07-01 $299,450 (-5.7%) $384,779 (-12.3%) 0.00 151
2019-08-01 $297,623 (-8.4%) $382,074 (-8.3%) 0.00 152
2019-09-01 $295,557 (-1.5%) $385,875 (-4.9%) 0.00 152
2019-10-01 $305,930 (10.5%) $390,524 (0.5%) 0.00 151
2019-11-01 $329,900 (12.3%) $395,735 (-0.5%) 0.00 135
2019-12-01 $301,500 (11.4%) $357,657 (-6.4%) 0.00 123
2020-01-01 $323,250 (30.1%) $371,578 (-0.1%) 0.00 121
2020-02-01 $274,900 (0.8%) $354,792 (-9.9%) 0.00 126
2020-03-01 $272,400 (0.2%) $340,428 (-13.5%) 0.00 145
2020-04-01 $279,414 (3.2%) $349,602 (-10.9%) 0.00 138
2020-05-01 $285,000 (-2.2%) $360,864 (-2.1%) 0.00 127
2020-06-01 $289,125 (-3.0%) $372,338 (-2.9%) 0.00 112
2020-07-01 $315,750 (5.4%) $419,072 (8.9%) 0.00 103
2020-08-01 $315,000 (5.8%) $413,313 (8.2%) 0.00 89
2020-09-01 $322,375 (9.1%) $403,273 (4.5%) 0.00 83
2020-10-01 $329,900 (7.8%) $390,988 (0.1%) 0.00 68
2020-11-01 $323,725 (-1.9%) $383,344 (-3.1%) 0.00 57
2020-12-01 $325,450 (7.9%) $396,330 (10.8%) 0.00 54
2021-01-01 $299,950 (-7.2%) $398,107 (7.1%) 0.00 49
2021-02-01 $324,950 (18.2%) $390,550 (10.1%) 0.00 38
2021-03-01 $331,338 (21.6%) $422,488 (24.1%) 0.00 26
2021-04-01 $372,400 (33.3%) $461,795 (32.1%) 0.00 26
2021-05-01 $289,450 (1.6%) $519,625 (44.0%) 0.00 39
2021-06-01 $254,700 (-11.9%) $484,076 (30.0%) 0.00 54
2021-07-01 $163,180 (-48.3%) $328,878 (-21.5%) 0.00 104
2021-08-01 $161,290 (-48.8%) $346,192 (-16.2%) 0.00 96
2021-09-01 $180,375 (-44.1%) $376,323 (-6.7%) 0.00 79
2021-10-01 $280,988 (-14.8%) $427,589 (9.4%) 0.00 56
2021-11-01 $308,550 (-4.7%) $556,909 (45.3%) 0.00 52
2021-12-01 $279,950 (-14.0%) $542,435 (36.9%) 0.00 45
2022-01-01 $275,000 (-8.3%) $511,181 (28.4%) 0.00 37
2022-02-01 $348,850 (7.4%) $629,180 (61.1%) 0.00 24
2022-03-01 $337,500 (1.9%) $698,569 (65.4%) 0.00 26
2022-04-01 $334,900 (-10.1%) $706,669 (53.0%) 0.00 36
2022-05-01 $337,500 (16.6%) $670,677 (29.1%) 0.00 48
2022-06-01 $448,700 (76.2%) $781,245 (61.4%) 0.00 69
2022-07-01 $470,000 (188.0%) $777,962 (136.6%) 0.00 88
2022-08-01 $499,500 (209.7%) $771,564 (122.9%) 0.00 106
2022-09-01 $399,950 (121.7%) $681,923 (81.2%) 0.00 127
2022-10-01 $412,000 (46.6%) $669,354 (56.5%) 0.00 127
2022-11-01 $362,962 (17.6%) $596,422 (7.1%) 0.00 135
2022-12-01 $364,008 (30.0%) $579,175 (6.8%) 0.00 136
2023-01-01 $369,450 (34.4%) $564,052 (10.3%) 0.00 128
2023-02-01 $366,529 (5.1%) $583,610 (-7.2%) 0.00 129
2023-03-01 $384,029 (13.8%) $607,509 (-13.0%) 0.00 112
2023-04-01 $449,450 (34.2%) $648,207 (-8.3%) 0.00 111
2023-05-01 $411,450 (21.9%) $643,257 (-4.1%) 0.00 114
2023-06-01 $426,725 (-4.9%) $637,766 (-18.4%) 0.00 131
2023-07-01 $425,000 (-9.6%) $626,806 (-19.4%) 0.00 148
2023-08-01 $406,250 (-18.7%) $620,831 (-19.5%) 0.00 154
2023-09-01 $415,625 (3.9%) $636,376 (-6.7%) 0.00 160
2023-10-01 $438,833 (6.5%) $638,593 (-4.6%) 0.00 176
2023-11-01 $455,000 (25.4%) $631,320 (5.9%) 0.00 180
2023-12-01 $444,990 (22.3%) $568,910 (-1.8%) 0.00 181
2024-01-01 $429,450 (16.2%) $546,466 (-3.1%) 0.00 171
2024-02-01 $429,831 (17.3%) $560,460 (-4.0%) 0.00 176
2024-03-01 $427,275 (11.3%) $629,181 (3.6%) 0.00 218
2024-04-01 $434,248 (-3.4%) $603,278 (-6.9%) 0.00 226
2024-05-01 $457,500 (11.2%) $593,916 (-7.7%) 0.00 231
2024-06-01 $450,000 (5.5%) $598,378 (-6.2%) 0.00 246
2024-07-01 $421,350 (-0.9%) $567,641 (-9.4%) 0.00 245
2024-08-01 $399,568 (-1.6%) $532,041 (-14.3%) 0.00 236
2024-09-01 $399,034 (-4.0%) $514,980 (-19.1%) 0.00 249
2024-10-01 $413,490 (-5.8%) $533,718 (-16.4%) 0.00 265
2024-11-01 $399,950 (-12.1%) $523,343 (-17.1%) 0.00 260
Gainesville's median listing price for 2024-11-01 was $399,950, a difference of $-55,050 (-12.1%) versus the prior year and $-13,540 versus the prior month.

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

Gainesville's average listing price for 2024-11-01 was $523,343, a difference of $-107,977 (-17.1%) versus the prior year and $-10,375 versus the prior month.

For the 2024-11-01 period, Gainesville had 260 MLS listings, a difference of -5 listings (-2%) versus the prior month and 80 listings (44%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,053 sqft
2018-02-01 0 days 2,126 sqft
2018-03-01 0 days 2,209 sqft
2018-04-01 0 days 2,250 sqft
2018-05-01 0 days 2,422 sqft
2018-06-01 0 days 2,298 sqft
2018-07-01 0 days 2,297 sqft
2018-08-01 0 days 2,266 sqft
2018-09-01 0 days 2,187 sqft
2018-10-01 0 days 2,124 sqft
2018-11-01 0 days 2,092 sqft
2018-12-01 0 days 2,040 sqft
2019-01-01 0 days 2,020 sqft
2019-02-01 0 days 2,055 sqft
2019-03-01 0 days 2,091 sqft
2019-04-01 0 days 2,107 sqft
2019-05-01 0 days 2,040 sqft
2019-06-01 0 days 2,161 sqft
2019-07-01 0 days 2,163 sqft
2019-08-01 0 days 2,119 sqft
2019-09-01 0 days 2,057 sqft
2019-10-01 0 days 2,017 sqft
2019-11-01 0 days 2,133 sqft
2019-12-01 0 days 2,142 sqft
2020-01-01 0 days 2,155 sqft
2020-02-01 0 days 1,992 sqft
2020-03-01 0 days 1,948 sqft
2020-04-01 0 days 2,027 sqft
2020-05-01 0 days 2,058 sqft
2020-06-01 0 days 2,063 sqft
2020-07-01 0 days 2,124 sqft
2020-08-01 0 days 2,110 sqft
2020-09-01 0 days 2,107 sqft
2020-10-01 0 days 2,165 sqft
2020-11-01 0 days 2,092 sqft
2020-12-01 0 days 2,097 sqft
2021-01-01 0 days 2,115 sqft
2021-02-01 0 days 2,069 sqft
2021-03-01 0 days 2,198 sqft
2021-04-01 0 days 2,151 sqft
2021-05-01 0 days 1,903 sqft
2021-06-01 0 days 1,681 sqft
2021-07-01 0 days 1,240 sqft
2021-08-01 0 days 1,281 sqft
2021-09-01 0 days 1,391 sqft
2021-10-01 0 days 1,939 sqft
2021-11-01 0 days 1,869 sqft
2021-12-01 0 days 1,908 sqft
2022-01-01 0 days 1,789 sqft
2022-02-01 0 days 1,863 sqft
2022-03-01 0 days 1,940 sqft
2022-04-01 0 days 1,953 sqft
2022-05-01 0 days 1,972 sqft
2022-06-01 0 days 2,174 sqft
2022-07-01 0 days 2,242 sqft
2022-08-01 0 days 2,242 sqft
2022-09-01 0 days 2,102 sqft
2022-10-01 0 days 2,042 sqft
2022-11-01 0 days 1,990 sqft
2022-12-01 0 days 1,964 sqft
2023-01-01 0 days 2,005 sqft
2023-02-01 0 days 2,007 sqft
2023-03-01 0 days 2,039 sqft
2023-04-01 0 days 2,177 sqft
2023-05-01 0 days 2,097 sqft
2023-06-01 0 days 2,062 sqft
2023-07-01 0 days 2,011 sqft
2023-08-01 0 days 2,024 sqft
2023-09-01 0 days 2,018 sqft
2023-10-01 0 days 2,070 sqft
2023-11-01 0 days 2,118 sqft
2023-12-01 0 days 2,114 sqft
2024-01-01 0 days 2,048 sqft
2024-02-01 0 days 2,090 sqft
2024-03-01 0 days 2,020 sqft
2024-04-01 0 days 2,010 sqft
2024-05-01 0 days 2,064 sqft
2024-06-01 0 days 2,040 sqft
2024-07-01 0 days 2,031 sqft
2024-08-01 0 days 2,000 sqft
2024-09-01 0 days 2,020 sqft
2024-10-01 0 days 2,020 sqft
2024-11-01 0 days 2,001 sqft
Gainesville's median listing age (time on market) for 2024-11-01 was 0 days.

Gainesville's median square footage for active listings during the 2024-11-01 period was 2,001 sqft. One year prior, the average listing was 2,118 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.