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 223 lenders originated 6,665 VA loans during 2023. The total origination value was $2,475,795,000, with an average VA loan value of $371,462.
Houston VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Houston
averaged
5.94%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Houston's average VA mortgage closing costs are $6,671.
The average rate for the prior week (2024-12-06) was
5.88% and
one month ago for the week of 2024-11-08, the
average rate was 6.27%.
The average rate one year ago was 6.42%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.63%.
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
804 VA loans originated. Their average total fees are
$7,769, which is $1,052
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Houston VA lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($3,431), EAGLE HOME MORTGAGE, LLC ($3,440), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,590), CLM MORTGAGE, INC ($4,169) and PULTE MORTGAGE LLC ($4,463).
The lowest rate Houston VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (4.60%), South Pacific Financial Corporation (5.37%), DHI MORTGAGE COMPANY, LTD. (5.41%), INSPIRE HOME LOANS INC. (5.45%) and BNC National Bank (5.49%).
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 | $318,495 (2.8%) | $434,988 (2.9%) | 1.18 | 22,158 |
| 2018-02-01 | $321,450 (3.2%) | $441,899 (3.6%) | 1.17 | 22,088 |
| 2018-03-01 | $325,000 (2.7%) | $449,611 (3.5%) | 1.14 | 22,895 |
| 2018-04-01 | $328,999 (2.8%) | $456,334 (3.9%) | 1.12 | 24,834 |
| 2018-05-01 | $329,939 (3.1%) | $458,684 (4.5%) | 1.10 | 26,251 |
| 2018-06-01 | $329,000 (2.8%) | $455,818 (4.8%) | 1.10 | 27,677 |
| 2018-07-01 | $322,450 (2.4%) | $447,415 (4.6%) | 1.08 | 29,017 |
| 2018-08-01 | $319,083 (3.9%) | $439,888 (4.7%) | 1.07 | 29,425 |
| 2018-09-01 | $315,000 (2.3%) | $437,886 (3.3%) | 1.06 | 28,955 |
| 2018-10-01 | $312,500 (0.5%) | $436,561 (1.5%) | 1.06 | 28,692 |
| 2018-11-01 | $310,000 (-1.6%) | $436,824 (0.6%) | 1.05 | 28,143 |
| 2018-12-01 | $308,157 (-2.2%) | $432,749 (0.2%) | 1.06 | 27,043 |
| 2019-01-01 | $307,500 (-3.5%) | $431,378 (-0.8%) | 1.06 | 25,967 |
| 2019-02-01 | $310,000 (-3.6%) | $437,446 (-1.0%) | 1.05 | 26,238 |
| 2019-03-01 | $317,090 (-2.4%) | $447,991 (-0.4%) | 1.04 | 26,956 |
| 2019-04-01 | $322,722 (-1.9%) | $456,544 (0.1%) | 1.02 | 27,862 |
| 2019-05-01 | $324,900 (-1.5%) | $457,864 (-0.2%) | 1.02 | 28,941 |
| 2019-06-01 | $322,787 (-1.9%) | $454,154 (-0.4%) | 1.01 | 30,303 |
| 2019-07-01 | $317,495 (-1.5%) | $446,753 (-0.2%) | 0.99 | 31,152 |
| 2019-08-01 | $313,609 (-1.7%) | $444,089 (1.0%) | 0.99 | 30,569 |
| 2019-09-01 | $311,523 (-1.1%) | $442,461 (1.0%) | 1.00 | 29,778 |
| 2019-10-01 | $309,450 (-1.0%) | $441,376 (1.1%) | 1.00 | 29,069 |
| 2019-11-01 | $304,500 (-1.8%) | $440,352 (0.8%) | 1.00 | 28,200 |
| 2019-12-01 | $299,993 (-2.7%) | $438,261 (1.3%) | 1.00 | 26,390 |
| 2020-01-01 | $299,900 (-2.5%) | $439,509 (1.9%) | 1.00 | 25,051 |
| 2020-02-01 | $302,990 (-2.3%) | $444,683 (1.7%) | 0.99 | 25,107 |
| 2020-03-01 | $311,450 (-1.8%) | $453,156 (1.2%) | 0.98 | 25,899 |
| 2020-04-01 | $310,495 (-3.8%) | $448,967 (-1.7%) | 0.97 | 26,439 |
| 2020-05-01 | $319,000 (-1.8%) | $460,046 (0.5%) | 0.97 | 25,776 |
| 2020-06-01 | $325,000 (0.7%) | $477,682 (5.2%) | 0.96 | 23,777 |
| 2020-07-01 | $326,500 (2.8%) | $484,639 (8.5%) | 0.95 | 22,707 |
| 2020-08-01 | $329,000 (4.9%) | $492,013 (10.8%) | 0.94 | 21,833 |
| 2020-09-01 | $331,275 (6.3%) | $495,529 (12.0%) | 0.95 | 20,386 |
| 2020-10-01 | $332,500 (7.5%) | $494,415 (12.0%) | 0.95 | 19,738 |
| 2020-11-01 | $332,500 (9.2%) | $494,204 (12.2%) | 0.97 | 18,984 |
| 2020-12-01 | $329,250 (9.8%) | $492,079 (12.3%) | 0.98 | 17,592 |
| 2021-01-01 | $329,990 (10.0%) | $497,411 (13.2%) | 0.99 | 15,966 |
| 2021-02-01 | $332,500 (9.7%) | $507,011 (14.0%) | 0.97 | 14,100 |
| 2021-03-01 | $340,800 (9.4%) | $521,078 (15.0%) | 0.97 | 12,851 |
| 2021-04-01 | $349,450 (12.6%) | $538,424 (19.9%) | 0.95 | 12,168 |
| 2021-05-01 | $359,000 (12.5%) | $552,716 (20.1%) | 0.95 | 12,062 |
| 2021-06-01 | $364,950 (12.3%) | $554,119 (16.0%) | 0.96 | 13,417 |
| 2021-07-01 | $365,000 (11.8%) | $543,548 (12.2%) | 0.96 | 14,996 |
| 2021-08-01 | $361,713 (9.9%) | $526,069 (6.9%) | 0.96 | 16,347 |
| 2021-09-01 | $361,250 (9.1%) | $520,459 (5.0%) | 0.96 | 16,238 |
| 2021-10-01 | $359,900 (8.2%) | $517,888 (4.8%) | 0.96 | 15,649 |
| 2021-11-01 | $359,950 (8.3%) | $524,446 (6.1%) | 0.96 | 14,689 |
| 2021-12-01 | $359,945 (9.3%) | $521,750 (6.0%) | 0.98 | 13,433 |
| 2022-01-01 | $357,365 (8.3%) | $518,833 (4.3%) | 0.97 | 12,080 |
| 2022-02-01 | $361,752 (8.8%) | $530,290 (4.6%) | 0.94 | 11,041 |
| 2022-03-01 | $373,081 (9.5%) | $542,575 (4.1%) | 0.93 | 10,671 |
| 2022-04-01 | $389,900 (11.6%) | $558,209 (3.7%) | 0.93 | 10,998 |
| 2022-05-01 | $398,500 (11.0%) | $571,080 (3.3%) | 0.91 | 12,639 |
| 2022-06-01 | $399,000 (9.3%) | $560,844 (1.2%) | 0.89 | 14,892 |
| 2022-07-01 | $390,000 (6.9%) | $538,649 (-0.9%) | 0.88 | 18,422 |
| 2022-08-01 | $382,495 (5.8%) | $523,616 (-0.5%) | 0.88 | 20,138 |
| 2022-09-01 | $375,500 (3.9%) | $513,693 (-1.3%) | 0.88 | 20,452 |
| 2022-10-01 | $368,990 (2.5%) | $508,029 (-1.9%) | 0.87 | 20,825 |
| 2022-11-01 | $363,384 (1.0%) | $505,723 (-3.6%) | 0.87 | 21,205 |
| 2022-12-01 | $359,900 (0.0%) | $499,347 (-4.3%) | 0.89 | 20,060 |
| 2023-01-01 | $354,950 (-0.7%) | $495,111 (-4.6%) | 0.88 | 18,594 |
| 2023-02-01 | $358,495 (-0.9%) | $501,164 (-5.5%) | 0.87 | 17,779 |
| 2023-03-01 | $360,000 (-3.5%) | $507,069 (-6.5%) | 0.85 | 17,425 |
| 2023-04-01 | $371,000 (-4.9%) | $524,401 (-6.1%) | 0.86 | 17,156 |
| 2023-05-01 | $375,000 (-5.9%) | $527,499 (-7.6%) | 0.85 | 17,357 |
| 2023-06-01 | $378,030 (-5.3%) | $529,487 (-5.6%) | 0.85 | 18,457 |
| 2023-07-01 | $375,940 (-3.6%) | $527,958 (-2.0%) | 0.85 | 19,690 |
| 2023-08-01 | $374,950 (-2.0%) | $524,993 (0.3%) | 0.86 | 20,123 |
| 2023-09-01 | $369,990 (-1.5%) | $518,097 (0.9%) | 0.86 | 20,826 |
| 2023-10-01 | $369,123 (0.0%) | $513,033 (1.0%) | 0.87 | 21,775 |
| 2023-11-01 | $365,000 (0.4%) | $509,817 (0.8%) | 0.87 | 22,115 |
| 2023-12-01 | $359,990 (0.0%) | $504,376 (1.0%) | 0.88 | 21,377 |
| 2024-01-01 | $359,000 (1.1%) | $501,778 (1.4%) | 0.88 | 20,401 |
| 2024-02-01 | $359,990 (0.4%) | $506,800 (1.1%) | 0.87 | 20,655 |
| 2024-03-01 | $362,675 (0.7%) | $508,547 (0.3%) | 0.85 | 21,518 |
| 2024-04-01 | $369,900 (-0.3%) | $516,009 (-1.6%) | 0.86 | 22,668 |
| 2024-05-01 | $370,000 (-1.3%) | $517,617 (-1.9%) | 0.84 | 23,993 |
| 2024-06-01 | $370,000 (-2.1%) | $517,588 (-2.3%) | 0.83 | 25,789 |
| 2024-07-01 | $372,950 (-0.8%) | $512,628 (-2.9%) | 0.85 | 26,645 |
| 2024-08-01 | $375,000 (0.0%) | $509,553 (-2.9%) | 0.87 | 26,547 |
| 2024-09-01 | $370,000 (0.0%) | $503,760 (-2.8%) | 0.87 | 27,052 |
| 2024-10-01 | $369,450 (0.1%) | $499,247 (-2.7%) | 0.87 | 27,475 |
| 2024-11-01 | $365,000 (0.0%) | $493,378 (-3.2%) | 0.88 | 27,609 |
Houston's median listing price comes in at 88% of the national average.
Houston's average listing price for 2024-11-01 was $493,378, a difference of $-16,439 (-3.2%) versus the prior year and $-5,869 versus the prior month.
For the 2024-11-01 period, Houston had 27,609 MLS listings, a difference of 134 listings (0%) versus the prior month and 5,494 listings (25%) 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 | 47 days | 2,558 sqft |
| 2018-04-01 | 44 days | 2,568 sqft |
| 2018-05-01 | 42 days | 2,582 sqft |
| 2018-06-01 | 44 days | 2,584 sqft |
| 2018-07-01 | 51 days | 2,560 sqft |
| 2018-08-01 | 52 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 | 2,484 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 | 2,494 sqft |
| 2019-08-01 | 54 days | 2,470 sqft |
| 2019-09-01 | 58 days | 2,449 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 | 2,379 sqft |
| 2020-03-01 | 52 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 | 2,252 sqft |
| 2021-02-01 | 51 days | 2,218 sqft |
| 2021-03-01 | 54 days | 2,222 sqft |
| 2021-04-01 | 45 days | 2,229 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 | 2,189 sqft |
| 2021-12-01 | 53 days | 2,160 sqft |
| 2022-01-01 | 61 days | 2,128 sqft |
| 2022-02-01 | 40 days | 2,107 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 | 2,156 sqft |
| 2022-10-01 | 48 days | 2,140 sqft |
| 2022-11-01 | 51 days | 2,130 sqft |
| 2022-12-01 | 59 days | 2,113 sqft |
| 2023-01-01 | 63 days | 2,086 sqft |
| 2023-02-01 | 54 days | 2,079 sqft |
| 2023-03-01 | 47 days | 2,081 sqft |
| 2023-04-01 | 43 days | 2,091 sqft |
| 2023-05-01 | 41 days | 2,097 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 |
| 2023-09-01 | 44 days | 2,108 sqft |
| 2023-10-01 | 46 days | 2,108 sqft |
| 2023-11-01 | 50 days | 2,099 sqft |
| 2023-12-01 | 56 days | 2,082 sqft |
| 2024-01-01 | 59 days | 2,049 sqft |
| 2024-02-01 | 48 days | 2,040 sqft |
| 2024-03-01 | 43 days | 2,042 sqft |
| 2024-04-01 | 43 days | 2,063 sqft |
| 2024-05-01 | 38 days | 2,067 sqft |
| 2024-06-01 | 40 days | 2,088 sqft |
| 2024-07-01 | 47 days | 2,118 sqft |
| 2024-08-01 | 51 days | 2,127 sqft |
| 2024-09-01 | 48 days | 2,117 sqft |
| 2024-10-01 | 50 days | 2,103 sqft |
| 2024-11-01 | 52 days | 2,085 sqft |
Houston's median square footage for active listings during the 2024-11-01 period was 2,085 sqft. One year prior, the average listing was 2,099 sqft.