Houston VA Loans
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
6.19%
for the week of 2022-09-23, compared to the national average (all VA variants) of
5.992% for the same period.
The average rate for the prior week (2022-09-16) was
6.35% and
one month ago for the week of 2022-08-19, the
average rate was 5.3%.
The average rate one year ago was 3.01%.
For refis of the same type during the week of 2022-09-23, the average rate
was 6.13%.
Houston VA Loan Lenders by Rates & Fees
The below table looks at the average fees 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 | $318,218 (2.9%) | $434,232 (3.1%) | 1.17 | 22,542 |
| 2018-02-01 | $321,792 (3.8%) | $441,013 (4.0%) | 1.16 | 22,496 |
| 2018-03-01 | $325,000 (3.1%) | $448,450 (3.7%) | 1.12 | 23,396 |
| 2018-04-01 | $329,106 (2.9%) | $455,117 (4.1%) | 1.10 | 25,319 |
| 2018-05-01 | $329,929 (3.1%) | $457,619 (4.7%) | 1.10 | 26,750 |
| 2018-06-01 | $329,000 (3.0%) | $455,069 (5.1%) | 1.10 | 28,186 |
| 2018-07-01 | $323,780 (3.1%) | $446,621 (5.0%) | 1.08 | 29,519 |
| 2018-08-01 | $319,450 (4.1%) | $439,461 (5.0%) | 1.07 | 29,954 |
| 2018-09-01 | $317,500 (3.0%) | $437,962 (3.8%) | 1.06 | 29,436 |
| 2018-10-01 | $314,900 (1.6%) | $436,177 (1.9%) | 1.05 | 29,161 |
| 2018-11-01 | $310,000 (-1.6%) | $436,193 (1.1%) | 1.04 | 28,620 |
| 2018-12-01 | $309,000 (-1.9%) | $431,533 (0.4%) | 1.06 | 27,464 |
| 2019-01-01 | $309,450 (-2.8%) | $431,363 (-0.7%) | 1.07 | 26,390 |
| 2019-02-01 | $311,598 (-3.2%) | $437,425 (-0.8%) | 1.04 | 26,579 |
| 2019-03-01 | $318,728 (-1.9%) | $447,895 (-0.1%) | 1.04 | 27,229 |
| 2019-04-01 | $324,356 (-1.4%) | $456,595 (0.3%) | 1.02 | 28,189 |
| 2019-05-01 | $324,964 (-1.5%) | $457,695 (0.0%) | 1.00 | 29,249 |
| 2019-06-01 | $324,000 (-1.5%) | $454,060 (-0.2%) | 1.00 | 30,548 |
| 2019-07-01 | $318,000 (-1.8%) | $446,609 (0.0%) | 0.99 | 31,454 |
| 2019-08-01 | $313,081 (-2.0%) | $443,388 (0.9%) | 0.99 | 30,486 |
| 2019-09-01 | $310,008 (-2.4%) | $441,639 (0.8%) | 0.98 | 29,349 |
| 2019-10-01 | $309,950 (-1.6%) | $440,437 (1.0%) | 0.99 | 29,288 |
| 2019-11-01 | $305,000 (-1.6%) | $440,568 (1.0%) | 0.98 | 28,375 |
| 2019-12-01 | $299,999 (-2.9%) | $438,028 (1.5%) | 1.00 | 26,651 |
| 2020-01-01 | $299,990 (-3.1%) | $442,408 (2.6%) | 1.00 | 25,281 |
| 2020-02-01 | $305,000 (-2.1%) | $449,159 (2.7%) | 0.98 | 25,308 |
| 2020-03-01 | $314,998 (-1.2%) | $457,919 (2.2%) | 0.98 | 26,182 |
| 2020-04-01 | $314,990 (-2.9%) | $453,195 (-0.7%) | 0.98 | 26,805 |
| 2020-05-01 | $320,000 (-1.5%) | $463,552 (1.3%) | 0.97 | 25,914 |
| 2020-06-01 | $328,084 (1.3%) | $482,952 (6.4%) | 0.96 | 23,939 |
| 2020-07-01 | $327,923 (3.1%) | $485,403 (8.7%) | 0.94 | 22,833 |
| 2020-08-01 | $329,900 (5.4%) | $494,085 (11.4%) | 0.94 | 21,926 |
| 2020-09-01 | $339,950 (9.7%) | $510,845 (15.7%) | 0.97 | 20,467 |
| 2020-10-01 | $340,480 (9.9%) | $510,746 (16.0%) | 0.97 | 19,718 |
| 2020-11-01 | $340,000 (11.5%) | $510,543 (15.9%) | 0.97 | 19,036 |
| 2020-12-01 | $334,500 (11.5%) | $500,863 (14.4%) | 0.98 | 17,674 |
| 2021-01-01 | $330,000 (10.0%) | $499,078 (12.8%) | 0.97 | 15,938 |
| 2021-02-01 | $334,559 (9.7%) | $508,113 (13.1%) | 0.96 | 14,129 |
| 2021-03-01 | $341,450 (8.4%) | $521,481 (13.9%) | 0.96 | 12,808 |
| 2021-04-01 | $349,700 (11.0%) | $539,757 (19.1%) | 0.94 | 12,133 |
| 2021-05-01 | $359,900 (12.5%) | $554,489 (19.6%) | 0.95 | 12,060 |
| 2021-06-01 | $366,052 (11.6%) | $556,646 (15.3%) | 0.95 | 13,451 |
| 2021-07-01 | $366,041 (11.6%) | $545,427 (12.4%) | 0.95 | 14,756 |
| 2021-08-01 | $363,780 (10.3%) | $526,524 (6.6%) | 0.96 | 16,354 |
| 2021-09-01 | $364,253 (7.2%) | $521,905 (2.2%) | 0.96 | 16,293 |
| 2021-10-01 | $360,000 (5.7%) | $519,609 (1.7%) | 0.95 | 15,727 |
| 2021-11-01 | $361,600 (6.4%) | $525,366 (2.9%) | 0.95 | 14,741 |
| 2021-12-01 | $359,995 (7.6%) | $521,480 (4.1%) | 0.96 | 13,465 |
| 2022-01-01 | $357,655 (8.4%) | $519,234 (4.0%) | 0.95 | 12,059 |
| 2022-02-01 | $362,494 (8.4%) | $530,947 (4.5%) | 0.92 | 11,026 |
| 2022-03-01 | $373,733 (9.5%) | $542,520 (4.0%) | 0.92 | 10,603 |
| 2022-04-01 | $389,900 (11.5%) | $559,761 (3.7%) | 0.92 | 10,865 |
| 2022-05-01 | $399,000 (10.9%) | $574,175 (3.6%) | 0.89 | 12,575 |
| 2022-06-01 | $399,250 (9.1%) | $564,146 (1.4%) | 0.89 | 14,812 |
| 2022-07-01 | $392,790 (7.3%) | $541,089 (-0.8%) | 0.87 | 18,394 |
| 2022-08-01 | $383,000 (5.3%) | $524,434 (-0.4%) | 0.88 | 20,141 |
Houston's median listing price comes in at 88% of the national average.
Houston's average listing price for 2022-08-01 was $524,434, a difference of $-2,090 (-0.4%) versus the prior year and $-16,655 versus the prior month.
For the 2022-08-01 period, Houston had 20,141 MLS listings, a difference of 1,747 listings (9%) versus the prior month and 3,787 listings (23%) 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 | 2,529 sqft |
| 2018-02-01 | 65 days | 2,523 sqft |
| 2018-03-01 | 49 days | 2,557 sqft |
| 2018-04-01 | 45 days | 2,568 sqft |
| 2018-05-01 | 43 days | 2,582 sqft |
| 2018-06-01 | 45 days | 2,580 sqft |
| 2018-07-01 | 52 days | 2,560 sqft |
| 2018-08-01 | 54 days | 2,536 sqft |
| 2018-09-01 | 59 days | 2,511 sqft |
| 2018-10-01 | 64 days | 2,492 sqft |
| 2018-11-01 | 64 days | 2,481 sqft |
| 2018-12-01 | 69 days | 2,464 sqft |
| 2019-01-01 | 74 days | 2,447 sqft |
| 2019-02-01 | 66 days | 2,447 sqft |
| 2019-03-01 | 55 days | 2,468 sqft |
| 2019-04-01 | 51 days | 2,491 sqft |
| 2019-05-01 | 51 days | 2,503 sqft |
| 2019-06-01 | 52 days | 2,504 sqft |
| 2019-07-01 | 53 days | 2,489 sqft |
| 2019-08-01 | 57 days | 2,459 sqft |
| 2019-09-01 | 60 days | 2,434 sqft |
| 2019-10-01 | 63 days | 2,424 sqft |
| 2019-11-01 | 64 days | 2,403 sqft |
| 2019-12-01 | 69 days | 2,384 sqft |
| 2020-01-01 | 71 days | 2,366 sqft |
| 2020-02-01 | 58 days | 2,368 sqft |
| 2020-03-01 | 49 days | 2,386 sqft |
| 2020-04-01 | 55 days | 2,377 sqft |
| 2020-05-01 | 63 days | 2,400 sqft |
| 2020-06-01 | 57 days | 2,419 sqft |
| 2020-07-01 | 52 days | 2,420 sqft |
| 2020-08-01 | 50 days | 2,413 sqft |
| 2020-09-01 | 50 days | 2,402 sqft |
| 2020-10-01 | 50 days | 2,363 sqft |
| 2020-11-01 | 50 days | 2,328 sqft |
| 2020-12-01 | 55 days | 2,287 sqft |
| 2021-01-01 | 60 days | 2,248 sqft |
| 2021-02-01 | 52 days | 2,214 sqft |
| 2021-03-01 | 51 days | 2,222 sqft |
| 2021-04-01 | 43 days | 2,227 sqft |
| 2021-05-01 | 38 days | 2,242 sqft |
| 2021-06-01 | 37 days | 2,256 sqft |
| 2021-07-01 | 36 days | 2,255 sqft |
| 2021-08-01 | 37 days | 2,240 sqft |
| 2021-09-01 | 42 days | 2,227 sqft |
| 2021-10-01 | 45 days | 2,207 sqft |
| 2021-11-01 | 47 days | 2,186 sqft |
| 2021-12-01 | 52 days | 2,158 sqft |
| 2022-01-01 | 56 days | 2,128 sqft |
| 2022-02-01 | 43 days | 2,107 sqft |
| 2022-03-01 | 39 days | 2,124 sqft |
| 2022-04-01 | 36 days | 2,149 sqft |
| 2022-05-01 | 35 days | 2,178 sqft |
| 2022-06-01 | 33 days | 2,199 sqft |
| 2022-07-01 | 35 days | 2,198 sqft |
| 2022-08-01 | 38 days | 2,180 sqft |
Houston's median square footage for active listings during the 2022-08-01 period was 2,180 sqft. One year prior, the average listing was 2,240 sqft.
