Houston VA Loan Rates, Closing Costs & Stats

HOUSTON-THE WOODLANDS-SUGAR LAND, 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.

    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 6.1% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

    Houston's average VA mortgage closing costs are $6,671.

    The average rate for the prior week (2024-10-18) was 5.92% and one month ago for the week of 2024-09-20, the average rate was 5.42%.

    The average rate one year ago was 7.14%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.39%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 804 6.61% $7,769
    DHI MORTGAGE COMPANY, LTD. 437 5.41% $6,717
    UNITED WHOLESALE MORTGAGE, LLC 387 6.24% $8,897
    NAVY FEDERAL CREDIT UNION 306 5.84% $6,961
    EAGLE HOME MORTGAGE, LLC 285 4.60% $3,440
    LOANDEPOT.COM, LLC 234 6.03% $12,209
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 192 5.95% $9,862
    CORNERSTONE HOME LENDING, INC. 136 6.12% $6,367
    CMG MORTGAGE, INC. 133 6.34% $12,621
    AMCAP MORTGAGE, LTD. 132 6.40% $14,924
    QUICKEN LOANS, LLC 130 6.22% $11,598
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 121 6.37% $8,584
    USAA Federal Savings Bank 116 6.15% $12,031
    INTERLINC MORTGAGE SERVICES, LLC 101 6.11% $5,541
    GUARANTEED RATE, INC. 100 6.17% $6,859
    PULTE MORTGAGE LLC 97 5.49% $4,463
    MORTGAGE SOLUTIONS OF COLORADO, LLC 86 7.58% $3,590
    CROSSCOUNTRY MORTGAGE, LLC 76 6.52% $10,557
    KBHS HOME LOANS, LLC 75 6.12% $8,942
    SECURITYNATIONAL MORTGAGE COMPANY 74 6.38% $11,867
    FREEDOM MORTGAGE CORPORATION 74 6.51% $11,391
    PRIMELENDING, A PLAINSCAPITAL COMPANY 74 6.22% $12,944
    PENNYMAC LOAN SERVICES, LLC 69 5.73% $10,522
    NATIONS RELIABLE LENDING, LLC 69 6.67% $12,655
    CLM MORTGAGE, INC 69 6.23% $4,169
    CARDINAL FINANCIAL 66 6.43% $13,910
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 64 6.10% $6,017
    GUILD MORTGAGE COMPANY 60 6.52% $14,891
    Network Funding, L.P. 60 6.16% $12,153
    CRESTMARK MORTGAGE COMPANY, LTD. 53 5.92% $7,362
    PLAZA HOME MORTGAGE, INC. 50 6.31% $9,546
    Paramount Residential Mortgage Group, Inc. 48 6.19% $10,508
    T2 FINANCIAL LLC 47 6.56% $11,296
    M/I FINANCIAL, LLC 46 5.69% $14,617
    South Pacific Financial Corporation 45 5.37% $12,462
    Equity Prime Mortgage LLC 43 6.93% $8,525
    MOVEMENT MORTGAGE, LLC 42 6.65% $11,094
    VELOCIO MORTGAGE L.L.C. 41 5.66% $5,389
    INSPIRE HOME LOANS INC. 40 5.45% $4,728
    Gateway First Bank 37 6.37% $9,607
    Flagstar Bank, FSB 33 6.47% $9,698
    EVERETT FINANCIAL, INC. 30 6.91% $10,930
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 30 6.64% $12,530
    PENTAGON FEDERAL CREDIT UNION 30 5.70% $10,320
    Century Mortgage Company DBA Century Lending Company 30 6.19% $8,948
    JPMorgan Chase Bank 29 5.98% $3,431
    AMERICAN PACIFIC MORTGAGE CORPORATION 28 6.31% $13,918
    ADVISA MORTGAGE SERVICES, LTD. 27 6.14% $7,423
    LEGEND LENDING CORPORATION 27 6.44% $14,653
    GUARANTEED RATE AFFINITY, LLC 26 6.06% $8,709
    MID AMERICA MORTGAGE, INC. 25 6.54% $23,650
    BROKER SOLUTIONS, INC. 25 6.62% $10,252
    CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 24 5.97% $5,803
    AMERICAN FINANCIAL NETWORK, INC. 23 6.60% $9,192
    Nations Lending Corporation 23 6.45% $10,557
    DRAPER AND KRAMER MORTGAGE CORP. 23 6.85% $14,022
    Wells Fargo Bank 23 5.83% $8,606
    Plains Commerce Bank 23 6.02% $11,453
    MUTUAL OF OMAHA MORTGAGE, INC. 21 6.42% $8,505
    SUN WEST MORTGAGE COMPANY, INC. 20 6.72% $8,472
    NEWREZ LLC 19 6.50% $9,803
    SWBC MORTGAGE CORPORATION 19 6.12% $10,031
    VILLAGE CAPITAL MORTGAGE 19 6.01% $9,378
    Citizens Bank 18 6.46% $9,557
    BAY EQUITY LLC 18 6.52% $8,033
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 6.77% $10,759
    BancorpSouth 17 6.19% $12,058
    EUSTIS AND AMERICAN MORTGAGE COMPANY 17 5.97% $8,150
    NBKC BANK 17 5.92% $12,409
    First United Bank and Trust Company 15 6.31% $13,697
    THRIVE MORTGAGE, LLC 15 6.35% $13,037
    U.S. Bank 14 5.80% $11,037
    PLANET HOME LENDING, LLC 14 5.95% $9,369
    HOMETRUST MORTGAGE COMPANY 14 6.36% $9,918
    ENVOY MORTGAGE, LTD 13 6.59% $13,084
    UNION HOME MORTGAGE CORP. 12 6.13% $11,502
    CHERRY CREEK MORTGAGE, LLC 12 6.11% $6,011
    Mid-Continent Funding, Inc. 12 6.01% $14,633
    FBC MORTGAGE, LLC 12 6.04% $6,501
    FC LENDING, LTD. 11 6.01% $7,831
    Encompass Lending Group, LP 11 6.55% $9,749
    SUCCESS MORTGAGE PARTNERS, INC. 11 6.78% $14,143
    Barrington Bank & Trust Company, N.A. 10 6.49% $9,522
    BNC National Bank 10 5.49% $8,807
    GENEVA FINANCIAL, LLC 10 7.13% $12,420
    JET HOMELOANS, LLC 10 5.86% $12,504
    Mr. Cooper ( Nationstar Mortgage ) 10 6.39% $13,543
    ACADEMY MORTGAGE CORPORATION 9 6.28% $13,842
    Ameris Bank 9 5.94% $10,052
    PREMIA MORTGAGE, LLC 9 5.71% $9,518
    NFM, INC. 8 6.75% $12,700
    TOWNE MORTGAGE COMPANY 8 6.44% $11,719
    The Central Trust Bank 8 5.73% $9,284
    NATIONS DIRECT MORTGAGE, LLC 8 6.44% $8,028
    MORTGAGE FINANCIAL SERVICES, LLC 8 6.05% $12,511
    GARDNER FINANCIAL SERVICES, LTD. 7 6.28% $12,291
    GIBRALTAR MORTGAGE SERVICES, LLC 7 5.86% $8,663
    FIRST EQUITY MORTGAGE INCORPORATED 7 6.04% $17,210
    MORTGAGEONE, INC. 7 7.11% $5,777
    First Financial Bank 7 5.82% $7,868
    Armed Forces Bank 7 5.75% $15,658
    Ixonia Bank 7 7.27% $11,703
    North American Savings Bank, F.S.B. 6 5.71% $11,444
    HALLMARK HOME MORTGAGE, LLC 6 6.71% $8,435
    CITY FIRST MORTGAGE SERVICES, L.L.C. 6 7.37% $5,966
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 6.71% $10,398
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.58% $10,376
    SENTE MORTGAGE, INC. 5 6.30% $12,437
    Colonial Savings, F.A. 5 6.20% $11,421
    LEADERONE FINANCIAL CORPORATION 5 6.83% $11,626
    Shea Mortgage Inc. 5 6.00% $4,976
    CANOPY MORTGAGE, LLC 5 6.18% $16,879
    S1L, Inc. 5 6.45% $15,390
    Loan Simple, Inc. 4 5.69% $17,819
    OCMBC, INC. 4 6.53% $5,013
    V.I.P. MORTGAGE, INC. 4 6.62% $13,336
    CHURCHILL MORTGAGE CORPORATION 4 5.84% $15,439
    Carrington Mortgage Services, LLC 4 6.16% $6,948
    SUMMIT FUNDING, INC. 4 6.74% $10,195
    RESIDENTIAL BANCORP 4 6.63% $10,082
    TBI MORTGAGE COMPANY 4 6.09% $6,815
    TEXAS DOW EMPLOYEES CREDIT UNION 4 6.44% $7,227
    NEW DAY FINANCIAL, LLC 4 6.81% $12,613
    HOMESIDE FINANCIAL, LLC 4 6.06% $11,371
    The Loan Store, Inc. 4 6.25% $10,157
    SIRVA MORTGAGE, INC. 4 6.72% $7,337
    First Horizon Bank 3 5.88% $8,770
    Bank of America 3 5.46% $5,135
    Republic State Mortgage Co. 3 6.58% $11,028
    FIRST CONTINENTAL MORTGAGE, LTD. 3 5.49% $583
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.83% $9,476
    DAS Acquisition Company, LLC 3 6.62% $12,413
    Waterstone Mortgage Corporation 3 6.83% $13,356
    US MORTGAGE CORPORATION 3 6.83% $8,484
    MANN FINANCIAL INC. 3 6.96% $5,465
    ZILLOW HOME LOANS, LLC 3 6.17% $9,739
    CALIBER HOME LOANS, INC. 3 6.08% $10,734
    Magnolia Bank 3 6.21% $7,704
    First National Bank Texas 2 6.25% $5,306
    FIRST COMMUNITY MORTGAGE, INC. 2 6.44% $8,612
    Presidential Bank, FSB 2 5.75% $25,184
    Regions Bank 2 7.13% $7,431
    EMM LOANS LLC 2 5.81% $6,683
    Sierra Pacific Mortgage Company, Inc. 2 5.75% $13,127
    EMBRACE HOME LOANS, INC. 2 5.24% $14,107
    HomePromise Corporation 2 7.44% $16,442
    Strong Home Mortgage, LLC 2 4.88% $9,579
    Bank of England 2 6.69% $8,046
    Sunflower Bank 2 6.87% $6,104
    AXIA FINANCIAL, LLC 2 6.44% $27,510
    The Federal Savings Bank 2 6.13% $11,471
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.50% $4,576
    TJC Mortgage, Inc. 2 5.94% $9,625
    LAKEVIEW LOAN SERVICING, LLC 2 5.63% $8,450
    AMERISAVE MORTGAGE CORPORATION 2 5.94% $14,861
    AmeriHome Mortgage Company, LLC 2 6.19% $16,324
    American Mortgage & Equity Consultants, Inc. 2 6.19% $20,426
    First Federal Bank 2 6.44% $12,472
    AHL FUNDING 2 6.00% $7,183
    Wolfe Financial, Inc 2 7.00% $11,303
    NexBank 2 5.94% $575
    NTFN, INC. 2 7.44% $14,330
    Hancock Whitney Bank 2 6.06% $15,649
    MICHIGAN MUTUAL, INC. 2 4.69% $11,175
    Zions Bank 2 6.50% $11,910
    Goldwater Bank, N.A. 1 6.25% $12,171
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $3,987
    HOMESTEAD FUNDING CORP. 1 5.75% $9,024
    Hometown Equity Mortgage, LLC 1 5.63% $6,718
    HOMEWAY MORTGAGE LLC 1 6.63% $5,686
    HOMEXPRESS MORTGAGE CORP. 1 7.00% $2,852
    Independent Bank 1 5.75% $7,853
    First Savings Bank 1 5.50% $10,815
    Integrity Home Mortgage Corp 1 6.38% $8,676
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.25% $14,351
    First National Bank of Omaha 1 7.13% $4,519
    JMAC LENDING, INC. 1 5.75% $5,762
    First Internet Bank of Indiana 1 5.49% $4,101
    Keystone Funding, Inc. 1 7.00% $5,166
    First Federal Bank of Kansas City 1 6.13% $12,243
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.88% $4,979
    MEMBER FIRST MORTGAGE, LLC 1 6.63% $6,955
    Midwest Mortgage Associates Corporation 1 7.63% $9,108
    MOBILOIL 1 7.13% $6,171
    MORTGAGE ACCESS CORP. 1 6.75% $4,217
    FIRST COLONY MORTGAGE CORPORATION 1 5.25% $5,155
    FirstBank 1 5.63% $8,454
    ENDEAVOR CAPITAL, LLC. 1 7.25% $4,261
    NASA Federal Credit Union 1 6.13% $25,082
    DIRECT MORTGAGE LOANS, LLC 1 7.25% $6,776
    DIRECTIONS EQUITY, LLC 1 5.50% $8,968
    Cornerstone First Mortgage, Inc 1 6.13% $137,392
    Neighborhood Loans, Inc. 1 6.38% $6,964
    CONTOUR MORTGAGE CORPORATION 1 6.75% $13,841
    NEW FED MORTGAGE, CORP. 1 6.25% $17,082
    Commerce Home Mortgage, Inc. 1 7.13% $12,202
    Northpointe Bank 1 5.75% $3,807
    Old National Bank 1 5.63% $13,643
    Origin Bank 1 5.75% $6,155
    City National Bank of Florida 1 7.13% $28,555
    PILGRIM MORTGAGE LLC 1 6.75% $13,940
    CHARTER WEST BANK 1 4.75% $5,961
    PNC Bank 1 6.50% $6,965
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $13,274
    CAPITAL CONCEPTS, INC. 1 7.00% $9,192
    Prosperity Home Mortgage, LLC 1 5.63% $10,073
    RB MORTGAGE LLC 1 5.75% $11,474
    RESIDENTIAL HOME FUNDING CORP. 1 5.50% $3,790
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $5,426
    SeaTrust Mortgage Company 1 5.25% $5,930
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $26,164
    SFMC, LP 1 6.00% $12,002
    BECKAM FUNDING CORP. 1 6.75% $5,284
    STOCKTON MORTGAGE CORPORATION 1 6.25% $11,906
    Atlantic Union Bank 1 6.25% $6,134
    THE MORTGAGE LINK, INC. 1 6.00% $15,958
    Town Square Mortgage & Investments, Inc. 1 6.99% $13,381
    Trustmark National Bank 1 6.25% $14,090
    United Fidelity Funding Corp. 1 8.13% $5,563
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.88% $12,299
    AMERICAN FINANCING CORPORATION 1 5.88% $15,618
    Victorian Finance, LLC 1 7.25% $7,137
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $32,396

    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%).

    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.