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 262 lenders originated 8,348 VA loans during 2022. The total origination value was $3,076,920,000, with an average VA loan value of $368,582.
Houston VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Houston
averaged
6.63%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Houston's average VA mortgage closing costs are $6,381.
The average rate for the prior week (2023-09-15) was
6.61% and
one month ago for the week of 2023-08-18, the
average rate was 6.69%.
The average rate one year ago was 5.46%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.82%.
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 Mortgage Research Center, LLC, with
1,061 VA loans originated. Their average total fees are
$9,018, which is $1,232
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Houston VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($3,288), PLANET HOME LENDING, LLC ($3,945), Lakeview Community Capital, LLC ($4,213), PULTE MORTGAGE LLC ($4,638) and EAGLE HOME MORTGAGE, LLC ($4,651).
The lowest rate Houston VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.83%), LAKEVIEW LOAN SERVICING, LLC (2.92%), Lakeview Community Capital, LLC (2.97%), VILLAGE CAPITAL MORTGAGE (2.99%) and PENNYMAC LOAN SERVICES, LLC (3.17%).
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%) | $449,739 (3.5%) | 1.14 | 22,887 |
| 2018-04-01 | $329,000 (2.8%) | $456,442 (3.9%) | 1.12 | 24,826 |
| 2018-05-01 | $329,950 (3.1%) | $458,813 (4.5%) | 1.10 | 26,243 |
| 2018-06-01 | $329,000 (2.8%) | $455,935 (4.8%) | 1.10 | 27,668 |
| 2018-07-01 | $322,450 (2.4%) | $447,515 (4.7%) | 1.08 | 29,011 |
| 2018-08-01 | $319,179 (4.0%) | $440,004 (4.7%) | 1.07 | 29,414 |
| 2018-09-01 | $315,000 (2.3%) | $437,992 (3.3%) | 1.06 | 28,944 |
| 2018-10-01 | $312,635 (0.5%) | $436,691 (1.6%) | 1.06 | 28,677 |
| 2018-11-01 | $310,000 (-1.6%) | $436,923 (0.6%) | 1.05 | 28,131 |
| 2018-12-01 | $308,500 (-2.1%) | $432,833 (0.2%) | 1.06 | 27,035 |
| 2019-01-01 | $307,553 (-3.4%) | $431,463 (-0.8%) | 1.06 | 25,957 |
| 2019-02-01 | $310,000 (-3.6%) | $437,512 (-1.0%) | 1.05 | 26,232 |
| 2019-03-01 | $317,197 (-2.4%) | $448,041 (-0.4%) | 1.04 | 26,951 |
| 2019-04-01 | $322,747 (-1.9%) | $456,565 (0.0%) | 1.02 | 27,860 |
| 2019-05-01 | $324,900 (-1.5%) | $457,913 (-0.2%) | 1.02 | 28,941 |
| 2019-06-01 | $322,900 (-1.9%) | $454,214 (-0.4%) | 1.01 | 30,294 |
| 2019-07-01 | $317,498 (-1.5%) | $446,881 (-0.1%) | 0.99 | 31,134 |
| 2019-08-01 | $313,609 (-1.8%) | $444,203 (1.0%) | 0.99 | 30,553 |
| 2019-09-01 | $311,523 (-1.1%) | $442,570 (1.1%) | 1.00 | 29,762 |
| 2019-10-01 | $309,450 (-1.0%) | $441,482 (1.1%) | 1.00 | 29,055 |
| 2019-11-01 | $304,900 (-1.7%) | $440,436 (0.8%) | 1.00 | 28,189 |
| 2019-12-01 | $299,993 (-2.8%) | $438,357 (1.3%) | 1.00 | 26,378 |
| 2020-01-01 | $299,900 (-2.5%) | $439,589 (1.9%) | 1.00 | 25,042 |
| 2020-02-01 | $302,993 (-2.3%) | $444,785 (1.7%) | 0.99 | 25,095 |
| 2020-03-01 | $311,547 (-1.8%) | $453,253 (1.2%) | 0.98 | 25,888 |
| 2020-04-01 | $310,496 (-3.8%) | $449,070 (-1.6%) | 0.97 | 26,429 |
| 2020-05-01 | $319,000 (-1.8%) | $460,142 (0.5%) | 0.97 | 25,768 |
| 2020-06-01 | $325,000 (0.7%) | $477,817 (5.2%) | 0.96 | 23,772 |
| 2020-07-01 | $326,500 (2.8%) | $484,728 (8.5%) | 0.95 | 22,699 |
| 2020-08-01 | $329,000 (4.9%) | $492,141 (10.8%) | 0.94 | 21,824 |
| 2020-09-01 | $331,677 (6.5%) | $495,643 (12.0%) | 0.95 | 20,379 |
| 2020-10-01 | $332,700 (7.5%) | $494,429 (12.0%) | 0.95 | 19,732 |
| 2020-11-01 | $332,500 (9.1%) | $494,308 (12.2%) | 0.97 | 18,974 |
| 2020-12-01 | $329,250 (9.8%) | $492,115 (12.3%) | 0.98 | 17,584 |
| 2021-01-01 | $329,990 (10.0%) | $497,427 (13.2%) | 0.99 | 15,962 |
| 2021-02-01 | $332,500 (9.7%) | $507,063 (14.0%) | 0.97 | 14,096 |
| 2021-03-01 | $340,750 (9.4%) | $521,108 (15.0%) | 0.97 | 12,848 |
| 2021-04-01 | $349,450 (12.6%) | $538,445 (19.9%) | 0.95 | 12,167 |
| 2021-05-01 | $359,000 (12.5%) | $552,721 (20.1%) | 0.95 | 12,061 |
| 2021-06-01 | $364,995 (12.3%) | $554,122 (16.0%) | 0.96 | 13,417 |
| 2021-07-01 | $365,000 (11.8%) | $543,600 (12.2%) | 0.96 | 14,993 |
| 2021-08-01 | $361,770 (10.0%) | $526,155 (6.9%) | 0.96 | 16,345 |
| 2021-09-01 | $361,250 (8.9%) | $520,518 (5.0%) | 0.96 | 16,232 |
| 2021-10-01 | $359,900 (8.2%) | $517,938 (4.8%) | 0.96 | 15,644 |
| 2021-11-01 | $359,950 (8.3%) | $524,426 (6.1%) | 0.96 | 14,683 |
| 2021-12-01 | $359,945 (9.3%) | $521,845 (6.0%) | 0.98 | 13,422 |
| 2022-01-01 | $357,500 (8.3%) | $518,902 (4.3%) | 0.97 | 12,067 |
| 2022-02-01 | $361,831 (8.8%) | $530,280 (4.6%) | 0.94 | 11,034 |
| 2022-03-01 | $373,161 (9.5%) | $542,582 (4.1%) | 0.93 | 10,664 |
| 2022-04-01 | $389,900 (11.6%) | $558,155 (3.7%) | 0.93 | 10,993 |
| 2022-05-01 | $398,500 (11.0%) | $571,096 (3.3%) | 0.91 | 12,632 |
| 2022-06-01 | $399,000 (9.3%) | $560,766 (1.2%) | 0.89 | 14,881 |
| 2022-07-01 | $390,000 (6.9%) | $538,606 (-0.9%) | 0.88 | 18,404 |
| 2022-08-01 | $382,656 (5.8%) | $523,691 (-0.5%) | 0.88 | 20,118 |
| 2022-09-01 | $375,754 (4.0%) | $513,745 (-1.3%) | 0.88 | 20,437 |
| 2022-10-01 | $368,990 (2.5%) | $508,093 (-1.9%) | 0.87 | 20,808 |
| 2022-11-01 | $363,476 (1.0%) | $505,780 (-3.6%) | 0.87 | 21,190 |
| 2022-12-01 | $359,900 (0.0%) | $499,331 (-4.3%) | 0.89 | 20,044 |
| 2023-01-01 | $354,950 (-0.7%) | $495,098 (-4.6%) | 0.88 | 18,580 |
| 2023-02-01 | $358,495 (-0.9%) | $501,196 (-5.5%) | 0.87 | 17,766 |
| 2023-03-01 | $360,000 (-3.5%) | $507,278 (-6.5%) | 0.85 | 17,406 |
| 2023-04-01 | $371,500 (-4.7%) | $524,655 (-6.0%) | 0.86 | 17,136 |
| 2023-05-01 | $375,000 (-5.9%) | $528,071 (-7.5%) | 0.85 | 17,318 |
| 2023-06-01 | $378,650 (-5.1%) | $530,048 (-5.5%) | 0.85 | 18,393 |
| 2023-07-01 | $376,000 (-3.6%) | $528,157 (-1.9%) | 0.85 | 19,673 |
| 2023-08-01 | $374,950 (-2.0%) | $525,148 (0.3%) | 0.86 | 20,110 |
Houston's median listing price comes in at 86% of the national average.
Houston's average listing price for 2023-08-01 was $525,148, a difference of $1,457 (0.3%) versus the prior year and $-3,009 versus the prior month.
For the 2023-08-01 period, Houston had 20,110 MLS listings, a difference of 437 listings (2%) versus the prior month and -8 listings (0%) 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 | 73 days | 2,531 sqft |
| 2018-02-01 | 62 days | 2,531 sqft |
| 2018-03-01 | 46 days | 2,558 sqft |
| 2018-04-01 | 44 days | 2,569 sqft |
| 2018-05-01 | 42 days | 2,582 sqft |
| 2018-06-01 | 44 days | 2,584 sqft |
| 2018-07-01 | 51 days | 2,561 sqft |
| 2018-08-01 | 53 days | 2,539 sqft |
| 2018-09-01 | 58 days | 2,513 sqft |
| 2018-10-01 | 61 days | 2,496 sqft |
| 2018-11-01 | 62 days | 2,485 sqft |
| 2018-12-01 | 67 days | 2,469 sqft |
| 2019-01-01 | 73 days | 2,449 sqft |
| 2019-02-01 | 63 days | 2,450 sqft |
| 2019-03-01 | 53 days | 2,471 sqft |
| 2019-04-01 | 50 days | 2,497 sqft |
| 2019-05-01 | 50 days | 2,507 sqft |
| 2019-06-01 | 51 days | 2,512 sqft |
| 2019-07-01 | 51 days | 2,495 sqft |
| 2019-08-01 | 54 days | 2,471 sqft |
| 2019-09-01 | 57 days | 2,450 sqft |
| 2019-10-01 | 61 days | 2,432 sqft |
| 2019-11-01 | 63 days | 2,410 sqft |
| 2019-12-01 | 69 days | 2,389 sqft |
| 2020-01-01 | 73 days | 2,376 sqft |
| 2020-02-01 | 61 days | 2,380 sqft |
| 2020-03-01 | 53 days | 2,392 sqft |
| 2020-04-01 | 58 days | 2,384 sqft |
| 2020-05-01 | 64 days | 2,408 sqft |
| 2020-06-01 | 59 days | 2,423 sqft |
| 2020-07-01 | 51 days | 2,424 sqft |
| 2020-08-01 | 51 days | 2,408 sqft |
| 2020-09-01 | 58 days | 2,388 sqft |
| 2020-10-01 | 58 days | 2,348 sqft |
| 2020-11-01 | 58 days | 2,320 sqft |
| 2020-12-01 | 59 days | 2,283 sqft |
| 2021-01-01 | 59 days | 2,253 sqft |
| 2021-02-01 | 51 days | 2,218 sqft |
| 2021-03-01 | 54 days | 2,222 sqft |
| 2021-04-01 | 45 days | 2,230 sqft |
| 2021-05-01 | 43 days | 2,241 sqft |
| 2021-06-01 | 40 days | 2,254 sqft |
| 2021-07-01 | 39 days | 2,258 sqft |
| 2021-08-01 | 40 days | 2,241 sqft |
| 2021-09-01 | 46 days | 2,225 sqft |
| 2021-10-01 | 52 days | 2,209 sqft |
| 2021-11-01 | 54 days | 2,190 sqft |
| 2021-12-01 | 53 days | 2,160 sqft |
| 2022-01-01 | 61 days | 2,128 sqft |
| 2022-02-01 | 40 days | 2,108 sqft |
| 2022-03-01 | 38 days | 2,128 sqft |
| 2022-04-01 | 35 days | 2,148 sqft |
| 2022-05-01 | 33 days | 2,178 sqft |
| 2022-06-01 | 31 days | 2,198 sqft |
| 2022-07-01 | 33 days | 2,200 sqft |
| 2022-08-01 | 38 days | 2,180 sqft |
| 2022-09-01 | 46 days | 2,158 sqft |
| 2022-10-01 | 48 days | 2,140 sqft |
| 2022-11-01 | 51 days | 2,130 sqft |
| 2022-12-01 | 59 days | 2,114 sqft |
| 2023-01-01 | 63 days | 2,086 sqft |
| 2023-02-01 | 54 days | 2,080 sqft |
| 2023-03-01 | 47 days | 2,081 sqft |
| 2023-04-01 | 43 days | 2,092 sqft |
| 2023-05-01 | 41 days | 2,098 sqft |
| 2023-06-01 | 40 days | 2,111 sqft |
| 2023-07-01 | 40 days | 2,128 sqft |
| 2023-08-01 | 42 days | 2,126 sqft |
Houston's median square footage for active listings during the 2023-08-01 period was 2,126 sqft. One year prior, the average listing was 2,180 sqft.