Granbury VA Loan Rates, Closing Costs & Stats

Granbury, 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.

Granbury's 52 lenders originated 136 VA loans during 2023. The total origination value was $49,720,000, with an average VA loan value of $365,588.

Granbury VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Granbury averaged 6.95% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Granbury's average VA mortgage closing costs are $6,954.

The average rate for the prior week (2024-06-07) was 6.82% and one month ago for the week of 2024-05-10, the average rate was 7.13%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.32%.

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

Granbury 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 Granbury level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 21 6.53% $8,853
QUICKEN LOANS, LLC 11 6.41% $17,149
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.41% $9,836
CARDINAL FINANCIAL 7 6.93% $7,356
UNITED WHOLESALE MORTGAGE, LLC 6 6.17% $5,528
SFMC, LP 6 5.83% $15,870
GUILD MORTGAGE COMPANY 5 6.75% $11,075
NAVY FEDERAL CREDIT UNION 5 5.68% $4,952
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.75% $7,514
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.54% $16,004
USAA Federal Savings Bank 3 6.13% $10,608
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.38% $10,701
Wells Fargo Bank 2 6.44% $6,434
BROKER SOLUTIONS, INC. 2 6.75% $9,201
First Financial Bank 2 6.25% $6,875
ACADEMY MORTGAGE CORPORATION 2 6.50% $23,104
MASON MCDUFFIE MORTGAGE CORPORATION 2 5.94% $8,049
Prosperity Home Mortgage, LLC 2 6.37% $13,329
SUCCESS MORTGAGE PARTNERS, INC. 2 6.69% $15,945
Town Square Mortgage & Investments, Inc. 2 6.00% $3,250
MORTGAGE FINANCIAL SERVICES, LLC 1 6.00% $37,146
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $13,248
Academy Bank 1 6.63% $7,325
NATIONS RELIABLE LENDING, LLC 1 7.63% $11,982
Paramount Residential Mortgage Group, Inc. 1 5.13% $7,769
PENNYMAC LOAN SERVICES, LLC 1 5.99% $22,638
PENTAGON FEDERAL CREDIT UNION 1 6.38% $14,316
Plains Commerce Bank 1 5.63% $7,185
PLANET HOME LENDING, LLC 1 7.13% $3,910
UNION HOME MORTGAGE CORP. 1 5.63% $9,631
VILLAGE CAPITAL MORTGAGE 1 7.25% $7,085
V.I.P. MORTGAGE, INC. 1 6.63% $3,797
MOVEMENT MORTGAGE, LLC 1 5.63% $11,527
AMCAP MORTGAGE, LTD. 1 7.25% $18,543
American Mortgage & Equity Consultants, Inc. 1 7.25% $5,399
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $17,412
Barrington Bank & Trust Company, N.A. 1 5.75% $5,105
BNC National Bank 1 5.50% $11,431
CALCON MUTUAL MORTGAGE LLC 1 5.75% $11,345
CHERRY CREEK MORTGAGE, LLC 1 7.13% $1,309
CMG MORTGAGE, INC. 1 6.13% $9,777
Community First National Bank 1 6.25% $15,310
CROSSCOUNTRY MORTGAGE, LLC 1 5.13% $36,110
Equity Prime Mortgage LLC 1 6.75% $21,406
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.38% $5,810
First United Bank and Trust Company 1 6.38% $6,294
FLAT BRANCH MORTGAGE, INC. 1 6.75% $5,000
FREEDOM MORTGAGE CORPORATION 1 6.25% $11,314
GUARANTEED RATE, INC. 1 6.25% $16,706
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.13% $9,405
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.75% $21,812
JPMorgan Chase Bank 1 6.25% $4,085

The top Granbury VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $8,853, which is $8,296 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Granbury VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,853), QUICKEN LOANS, LLC ($17,149), .

The lowest rate Granbury VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.41%), Mortgage Research Center, LLC (6.53%), .

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.