Houston VA Loan Rates, Closing Costs & Stats
HOUSTON-THE WOODLANDS-SUGAR LAND, 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.
Houston's 308 lenders originated 17,349 VA loans during 2021. The total origination value was $5,210,855,000, with an average VA loan value of $300,355.
Houston VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Houston
averaged
0.4%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
Houston's average VA mortgage closing costs are $5,870.
The average rate for the prior week (2023-01-13) was
6.18% and
one month ago for the week of 2022-12-16, the
average rate was 6.36%.
The average rate one year ago was 3.66%.
For refis of the same type during the week of 2023-01-20, the average rate
was 0.34%.
Houston 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 Houston level.
The top Houston VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
1,463 VA loans originated. Their average total fees are
$3,161, which is $4,034
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Houston VA lenders (with over 10 loans originated) are
Credence Funding Corporation ($2,716), Lakeview Community Capital, LLC ($2,963), AmeriHome Mortgage Company, LLC ($2,988), LAKEVIEW LOAN SERVICING, LLC ($3,103) and FREEDOM MORTGAGE CORPORATION ($3,161).
The lowest rate Houston VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.18%), InterContinental Capital Group, Inc (2.32%), PENNYMAC LOAN SERVICES, LLC (2.33%), BNC National Bank (2.34%) and PENTAGON FEDERAL CREDIT UNION (2.34%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Houston (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 | $318,500 (2.8%) | $435,101 (2.9%) | 1.18 | 22,151 |
| 2018-02-01 | $321,500 (3.2%) | $442,053 (3.6%) | 1.17 | 22,076 |
| 2018-03-01 | $325,000 (2.6%) | $449,747 (3.5%) | 1.14 | 22,888 |
| 2018-04-01 | $329,000 (2.8%) | $456,449 (3.9%) | 1.12 | 24,827 |
| 2018-05-01 | $329,950 (3.1%) | $458,819 (4.5%) | 1.10 | 26,244 |
| 2018-06-01 | $329,000 (2.8%) | $455,942 (4.8%) | 1.10 | 27,669 |
| 2018-07-01 | $322,450 (2.4%) | $447,522 (4.7%) | 1.08 | 29,012 |
| 2018-08-01 | $319,193 (4.0%) | $440,011 (4.7%) | 1.07 | 29,415 |
| 2018-09-01 | $315,000 (2.3%) | $437,999 (3.3%) | 1.06 | 28,945 |
| 2018-10-01 | $312,645 (0.5%) | $436,698 (1.6%) | 1.06 | 28,678 |
| 2018-11-01 | $310,000 (-1.6%) | $436,930 (0.6%) | 1.05 | 28,132 |
| 2018-12-01 | $308,500 (-2.1%) | $432,840 (0.2%) | 1.06 | 27,036 |
| 2019-01-01 | $307,556 (-3.4%) | $431,471 (-0.8%) | 1.06 | 25,958 |
| 2019-02-01 | $310,000 (-3.6%) | $437,520 (-1.0%) | 1.05 | 26,233 |
| 2019-03-01 | $317,211 (-2.4%) | $448,046 (-0.4%) | 1.04 | 26,958 |
| 2019-04-01 | $322,747 (-1.9%) | $456,547 (0.0%) | 1.02 | 27,877 |
| 2019-05-01 | $324,900 (-1.5%) | $457,834 (-0.2%) | 1.02 | 28,962 |
| 2019-06-01 | $322,843 (-1.9%) | $454,118 (-0.4%) | 1.01 | 30,320 |
| 2019-07-01 | $317,495 (-1.5%) | $446,771 (-0.2%) | 0.99 | 31,163 |
| 2019-08-01 | $313,609 (-1.8%) | $444,074 (0.9%) | 0.99 | 30,584 |
| 2019-09-01 | $311,523 (-1.1%) | $442,415 (1.0%) | 1.00 | 29,797 |
| 2019-10-01 | $309,450 (-1.0%) | $441,308 (1.1%) | 1.00 | 29,092 |
| 2019-11-01 | $304,500 (-1.8%) | $440,260 (0.8%) | 1.00 | 28,225 |
| 2019-12-01 | $299,993 (-2.8%) | $438,173 (1.2%) | 1.00 | 26,415 |
| 2020-01-01 | $299,900 (-2.5%) | $439,386 (1.8%) | 1.00 | 25,080 |
| 2020-02-01 | $302,990 (-2.3%) | $444,574 (1.6%) | 0.99 | 25,134 |
| 2020-03-01 | $311,450 (-1.8%) | $453,043 (1.1%) | 0.98 | 25,926 |
| 2020-04-01 | $310,495 (-3.8%) | $448,918 (-1.7%) | 0.97 | 26,468 |
| 2020-05-01 | $319,000 (-1.8%) | $459,970 (0.5%) | 0.97 | 25,807 |
| 2020-06-01 | $325,000 (0.7%) | $477,609 (5.2%) | 0.96 | 23,811 |
| 2020-07-01 | $326,495 (2.8%) | $484,502 (8.5%) | 0.95 | 22,738 |
| 2020-08-01 | $329,000 (4.9%) | $491,885 (10.8%) | 0.94 | 21,862 |
| 2020-09-01 | $330,975 (6.2%) | $495,362 (12.0%) | 0.95 | 20,417 |
| 2020-10-01 | $331,498 (7.1%) | $494,118 (12.0%) | 0.95 | 19,769 |
| 2020-11-01 | $332,195 (9.1%) | $494,006 (12.2%) | 0.97 | 19,011 |
| 2020-12-01 | $329,250 (9.8%) | $491,889 (12.3%) | 0.98 | 17,620 |
| 2021-01-01 | $329,900 (10.0%) | $497,491 (13.2%) | 0.98 | 15,998 |
| 2021-02-01 | $332,500 (9.7%) | $507,342 (14.1%) | 0.97 | 14,131 |
| 2021-03-01 | $340,091 (9.2%) | $520,784 (15.0%) | 0.96 | 12,882 |
| 2021-04-01 | $349,450 (12.6%) | $538,151 (19.9%) | 0.95 | 12,203 |
| 2021-05-01 | $358,000 (12.2%) | $552,274 (20.1%) | 0.95 | 12,096 |
| 2021-06-01 | $365,000 (12.3%) | $554,022 (16.0%) | 0.96 | 13,445 |
| 2021-07-01 | $365,000 (11.8%) | $543,712 (12.2%) | 0.96 | 15,016 |
| 2021-08-01 | $361,604 (9.9%) | $525,980 (6.9%) | 0.96 | 16,361 |
| 2021-09-01 | $361,250 (9.2%) | $520,633 (5.1%) | 0.96 | 16,259 |
| 2021-10-01 | $359,900 (8.6%) | $518,150 (4.9%) | 0.96 | 15,671 |
| 2021-11-01 | $359,950 (8.4%) | $524,342 (6.1%) | 0.96 | 14,713 |
| 2021-12-01 | $359,945 (9.3%) | $521,684 (6.1%) | 0.98 | 13,455 |
| 2022-01-01 | $356,863 (8.2%) | $518,804 (4.3%) | 0.96 | 12,042 |
| 2022-02-01 | $361,400 (8.7%) | $530,114 (4.5%) | 0.94 | 11,074 |
| 2022-03-01 | $372,500 (9.5%) | $542,618 (4.2%) | 0.93 | 10,703 |
| 2022-04-01 | $389,659 (11.5%) | $557,886 (3.7%) | 0.93 | 11,033 |
| 2022-05-01 | $397,950 (11.2%) | $570,849 (3.4%) | 0.91 | 12,671 |
| 2022-06-01 | $398,750 (9.3%) | $560,876 (1.2%) | 0.89 | 14,920 |
| 2022-07-01 | $389,990 (6.9%) | $538,537 (-1.0%) | 0.88 | 18,444 |
| 2022-08-01 | $382,495 (5.8%) | $523,755 (-0.4%) | 0.88 | 20,158 |
| 2022-09-01 | $375,500 (3.9%) | $513,730 (-1.3%) | 0.88 | 20,476 |
| 2022-10-01 | $369,000 (2.5%) | $507,936 (-2.0%) | 0.87 | 20,846 |
| 2022-11-01 | $362,745 (0.8%) | $506,055 (-3.5%) | 0.87 | 21,230 |
| 2022-12-01 | $359,900 (0.0%) | $498,853 (-4.4%) | 0.90 | 20,162 |
Houston's median listing price comes in at 90% of the national average.
Houston's average listing price for 2022-12-01 was $498,853, a difference of $-22,831 (-4.4%) versus the prior year and $-7,202 versus the prior month.
For the 2022-12-01 period, Houston had 20,162 MLS listings, a difference of -1,068 listings (-5%) versus the prior month and 6,707 listings (50%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Houston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 74 days | 2,531 sqft |
| 2018-02-01 | 65 days | 2,531 sqft |
| 2018-03-01 | 49 days | 2,558 sqft |
| 2018-04-01 | 44 days | 2,569 sqft |
| 2018-05-01 | 43 days | 2,582 sqft |
| 2018-06-01 | 45 days | 2,584 sqft |
| 2018-07-01 | 51 days | 2,561 sqft |
| 2018-08-01 | 54 days | 2,540 sqft |
| 2018-09-01 | 59 days | 2,513 sqft |
| 2018-10-01 | 64 days | 2,496 sqft |
| 2018-11-01 | 64 days | 2,485 sqft |
| 2018-12-01 | 69 days | 2,469 sqft |
| 2019-01-01 | 74 days | 2,449 sqft |
| 2019-02-01 | 65 days | 2,450 sqft |
| 2019-03-01 | 55 days | 2,471 sqft |
| 2019-04-01 | 51 days | 2,497 sqft |
| 2019-05-01 | 51 days | 2,507 sqft |
| 2019-06-01 | 53 days | 2,511 sqft |
| 2019-07-01 | 53 days | 2,494 sqft |
| 2019-08-01 | 56 days | 2,470 sqft |
| 2019-09-01 | 59 days | 2,449 sqft |
| 2019-10-01 | 62 days | 2,432 sqft |
| 2019-11-01 | 64 days | 2,410 sqft |
| 2019-12-01 | 70 days | 2,389 sqft |
| 2020-01-01 | 76 days | 2,376 sqft |
| 2020-02-01 | 64 days | 2,380 sqft |
| 2020-03-01 | 54 days | 2,392 sqft |
| 2020-04-01 | 59 days | 2,384 sqft |
| 2020-05-01 | 65 days | 2,408 sqft |
| 2020-06-01 | 61 days | 2,423 sqft |
| 2020-07-01 | 53 days | 2,424 sqft |
| 2020-08-01 | 52 days | 2,408 sqft |
| 2020-09-01 | 60 days | 2,388 sqft |
| 2020-10-01 | 60 days | 2,347 sqft |
| 2020-11-01 | 60 days | 2,320 sqft |
| 2020-12-01 | 61 days | 2,283 sqft |
| 2021-01-01 | 60 days | 2,251 sqft |
| 2021-02-01 | 53 days | 2,218 sqft |
| 2021-03-01 | 58 days | 2,223 sqft |
| 2021-04-01 | 49 days | 2,230 sqft |
| 2021-05-01 | 46 days | 2,241 sqft |
| 2021-06-01 | 42 days | 2,254 sqft |
| 2021-07-01 | 41 days | 2,258 sqft |
| 2021-08-01 | 42 days | 2,241 sqft |
| 2021-09-01 | 47 days | 2,227 sqft |
| 2021-10-01 | 53 days | 2,210 sqft |
| 2021-11-01 | 56 days | 2,191 sqft |
| 2021-12-01 | 54 days | 2,161 sqft |
| 2022-01-01 | 63 days | 2,128 sqft |
| 2022-02-01 | 41 days | 2,109 sqft |
| 2022-03-01 | 38 days | 2,128 sqft |
| 2022-04-01 | 36 days | 2,147 sqft |
| 2022-05-01 | 33 days | 2,179 sqft |
| 2022-06-01 | 32 days | 2,200 sqft |
| 2022-07-01 | 34 days | 2,198 sqft |
| 2022-08-01 | 38 days | 2,182 sqft |
| 2022-09-01 | 46 days | 2,158 sqft |
| 2022-10-01 | 49 days | 2,142 sqft |
| 2022-11-01 | 52 days | 2,131 sqft |
| 2022-12-01 | 60 days | 2,116 sqft |
Houston's median square footage for active listings during the 2022-12-01 period was 2,116 sqft. One year prior, the average listing was 2,161 sqft.