Granbury VA Loan Rates, Closing Costs & Stats

Granbury, 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.

    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 7.18% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7.01% and one month ago for the week of 2024-03-15, the average rate was 6.68%.

    The average rate one year ago was 6.37%.

    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.

    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.