Gainesville VA Loan Rates, Closing Costs & Stats

Gainesville, 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.

    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 0.28% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.48% and one month ago for the week of 2024-10-11, the average rate was 5.75%.

    The average rate one year ago was 7.44%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

    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
    Gainesville's median listing price for 2024-10-01 was $413,490, a difference of $-25,343 (-5.8%) versus the prior year and $14,456 versus the prior month.

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

    Gainesville's average listing price for 2024-10-01 was $533,718, a difference of $-104,875 (-16.4%) versus the prior year and $18,738 versus the prior month.

    For the 2024-10-01 period, Gainesville had 265 MLS listings, a difference of 16 listings (6%) versus the prior month and 89 listings (51%) 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
    Gainesville's median listing age (time on market) for 2024-10-01 was 0 days.

    Gainesville's median square footage for active listings during the 2024-10-01 period was 2,020 sqft. One year prior, the average listing was 2,070 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.