Kerrville VA Loan Rates, Closing Costs & Stats

Kerrville, 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.

    Kerrville's 24 lenders originated 45 VA loans during 2023. The total origination value was $16,755,000, with an average VA loan value of $372,333.

    Kerrville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kerrville averaged 6.81% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Kerrville's average VA mortgage closing costs are $6,202.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.5%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Kerrville 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 Kerrville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 7 6.57% $4,340
    PILGRIM MORTGAGE LLC 6 6.77% $7,076
    SWBC MORTGAGE CORPORATION 4 6.50% $10,975
    CMG MORTGAGE, INC. 2 5.63% $17,920
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $9,946
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.00% $14,132
    Plains Commerce Bank 2 5.69% $9,872
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $8,250
    USAA Federal Savings Bank 2 6.44% $4,693
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.00% $6,725
    PLAZA HOME MORTGAGE, INC. 1 5.50% $13,225
    QUICKEN LOANS, LLC 1 5.88% $10,197
    The Central Trust Bank 1 5.99% $6,514
    The Federal Savings Bank 1 6.75% $13,278
    V.I.P. MORTGAGE, INC. 1 6.88% $7,769
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $5,287
    Flagstar Bank, FSB 1 6.25% $19,785
    GARDNER FINANCIAL SERVICES, LTD. 1 6.63% $14,409
    JPMorgan Chase Bank 1 6.63% $11,863
    LOANDEPOT.COM, LLC 1 6.99% $10,627
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $5,220
    NAVY FEDERAL CREDIT UNION 1 5.63% $4,174
    NEWREZ LLC 1 6.75% $17,746
    PLANET HOME LENDING, LLC 1 4.75% $2,029

    The top Kerrville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 7 VA loans originated. Their average total fees are $4,340, which is $2,736 lower than the next largest lender, PILGRIM MORTGAGE LLC.

    The lowest fee Kerrville VA lenders (with over 10 loans originated) are .

    The lowest rate Kerrville VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kerrville (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 $402,637 (13.1%) $644,553 (5.7%) 0.00 282
    2018-02-01 $391,175 (13.6%) $631,240 (7.4%) 0.00 276
    2018-03-01 $399,000 (10.9%) $639,529 (9.3%) 0.00 286
    2018-04-01 $399,000 (6.4%) $612,427 (3.1%) 0.00 300
    2018-05-01 $411,000 (9.3%) $620,616 (4.2%) 0.00 303
    2018-06-01 $425,000 (11.9%) $632,643 (4.9%) 0.00 321
    2018-07-01 $421,500 (9.5%) $612,455 (-0.9%) 0.00 339
    2018-08-01 $416,875 (7.4%) $613,713 (1.2%) 0.00 341
    2018-09-01 $404,269 (1.4%) $619,201 (0.0%) 0.00 338
    2018-10-01 $419,225 (-1.1%) $646,401 (1.1%) 0.00 310
    2018-11-01 $419,225 (1.7%) $634,264 (1.2%) 0.00 303
    2018-12-01 $412,475 (-1.6%) $620,527 (-2.7%) 0.00 305
    2019-01-01 $419,025 (4.1%) $632,490 (-1.9%) 0.00 278
    2019-02-01 $403,688 (3.2%) $652,066 (3.3%) 0.00 284
    2019-03-01 $403,764 (1.2%) $671,261 (5.0%) 0.00 291
    2019-04-01 $403,964 (1.2%) $666,168 (8.8%) 0.00 303
    2019-05-01 $399,900 (-2.7%) $824,091 (32.8%) 0.00 321
    2019-06-01 $416,300 (-2.1%) $890,423 (40.8%) 0.00 331
    2019-07-01 $399,250 (-5.3%) $842,227 (37.5%) 0.00 353
    2019-08-01 $399,000 (-4.3%) $823,717 (34.2%) 0.00 358
    2019-09-01 $399,000 (-1.3%) $818,060 (32.1%) 0.00 348
    2019-10-01 $399,000 (-4.8%) $814,289 (26.0%) 0.00 336
    2019-11-01 $399,900 (-4.6%) $772,422 (21.8%) 0.00 324
    2019-12-01 $452,500 (9.7%) $789,595 (27.3%) 0.00 299
    2020-01-01 $444,925 (6.2%) $699,494 (10.6%) 0.00 275
    2020-02-01 $439,000 (8.8%) $672,344 (3.1%) 0.00 274
    2020-03-01 $439,700 (8.9%) $707,260 (5.4%) 0.00 278
    2020-04-01 $439,900 (8.9%) $731,273 (9.8%) 0.00 278
    2020-05-01 $462,450 (15.6%) $783,686 (-4.9%) 0.00 277
    2020-06-01 $462,450 (11.1%) $776,643 (-12.8%) 0.00 275
    2020-07-01 $444,625 (11.4%) $766,365 (-9.0%) 0.00 279
    2020-08-01 $469,000 (17.5%) $793,945 (-3.6%) 0.00 251
    2020-09-01 $469,125 (17.6%) $790,343 (-3.4%) 0.00 233
    2020-10-01 $439,875 (10.2%) $765,050 (-6.1%) 0.00 235
    2020-11-01 $437,000 (9.3%) $718,811 (-6.9%) 0.00 224
    2020-12-01 $446,475 (-1.3%) $751,120 (-4.9%) 0.00 194
    2021-01-01 $430,500 (-3.2%) $843,215 (20.6%) 0.00 160
    2021-02-01 $454,200 (3.5%) $877,946 (30.6%) 0.00 153
    2021-03-01 $445,950 (1.4%) $897,349 (26.9%) 0.00 145
    2021-04-01 $454,750 (3.4%) $938,430 (28.3%) 0.00 139
    2021-05-01 $490,000 (6.0%) $957,202 (22.1%) 0.00 137
    2021-06-01 $449,250 (-2.9%) $852,212 (9.7%) 0.00 139
    2021-07-01 $465,000 (4.6%) $817,912 (6.7%) 0.00 171
    2021-08-01 $467,600 (-0.3%) $807,143 (1.7%) 0.00 180
    2021-09-01 $475,500 (1.4%) $813,251 (2.9%) 0.00 170
    2021-10-01 $492,500 (12.0%) $827,125 (8.1%) 0.00 158
    2021-11-01 $514,500 (17.7%) $909,697 (26.6%) 0.00 163
    2021-12-01 $497,750 (11.5%) $872,533 (16.2%) 0.00 150
    2022-01-01 $504,988 (17.3%) $875,580 (3.8%) 0.00 140
    2022-02-01 $521,225 (14.8%) $930,545 (6.0%) 0.00 124
    2022-03-01 $520,475 (16.7%) $904,516 (0.8%) 0.00 133
    2022-04-01 $534,500 (17.5%) $954,106 (1.7%) 0.00 136
    2022-05-01 $482,000 (-1.6%) $888,188 (-7.2%) 0.00 140
    2022-06-01 $436,625 (-2.8%) $969,505 (13.8%) 0.00 149
    2022-07-01 $500,000 (7.5%) $949,107 (16.0%) 0.00 167
    2022-08-01 $515,469 (10.2%) $931,821 (15.5%) 0.00 201
    2022-09-01 $501,381 (5.4%) $895,167 (10.1%) 0.00 216
    2022-10-01 $497,450 (1.0%) $832,255 (0.6%) 0.00 232
    2022-11-01 $551,475 (7.2%) $844,864 (-7.1%) 0.00 240
    2022-12-01 $544,900 (9.5%) $814,767 (-6.6%) 0.00 234
    2023-01-01 $539,450 (6.8%) $828,269 (-5.4%) 0.00 214
    2023-02-01 $575,000 (10.3%) $885,792 (-4.8%) 0.00 197
    2023-03-01 $597,000 (14.7%) $914,567 (1.1%) 0.00 197
    2023-04-01 $580,000 (8.5%) $904,752 (-5.2%) 0.00 197
    2023-05-01 $598,000 (24.1%) $931,985 (4.9%) 0.00 210
    2023-06-01 $629,317 (44.1%) $952,717 (-1.7%) 0.00 208
    2023-07-01 $599,000 (19.8%) $919,819 (-3.1%) 0.00 209
    2023-08-01 $599,000 (16.2%) $935,302 (0.4%) 0.00 245
    2023-09-01 $619,900 (23.6%) $943,965 (5.5%) 0.00 251
    2023-10-01 $596,500 (19.9%) $917,951 (10.3%) 0.00 252
    2023-11-01 $590,500 (7.1%) $960,027 (13.6%) 0.00 263
    2023-12-01 $589,000 (8.1%) $962,901 (18.2%) 0.00 273
    2024-01-01 $527,250 (-2.3%) $891,607 (7.7%) 0.00 281
    2024-02-01 $554,191 (-3.6%) $854,882 (-3.5%) 0.00 289
    2024-03-01 $560,000 (-6.2%) $885,885 (-3.1%) 0.00 300
    Kerrville's median listing price for 2024-03-01 was $560,000, a difference of $-37,000 (-6.2%) versus the prior year and $5,809 versus the prior month.

    Kerrville's median listing price comes in at 0% of the national average.

    Kerrville's average listing price for 2024-03-01 was $885,885, a difference of $-28,682 (-3.1%) versus the prior year and $31,003 versus the prior month.

    For the 2024-03-01 period, Kerrville had 300 MLS listings, a difference of 11 listings (4%) versus the prior month and 103 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kerrville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,542 sqft
    2018-02-01 0 days 2,489 sqft
    2018-03-01 0 days 2,453 sqft
    2018-04-01 0 days 2,453 sqft
    2018-05-01 0 days 2,539 sqft
    2018-06-01 0 days 2,597 sqft
    2018-07-01 0 days 2,601 sqft
    2018-08-01 0 days 2,607 sqft
    2018-09-01 0 days 2,527 sqft
    2018-10-01 0 days 2,550 sqft
    2018-11-01 0 days 2,505 sqft
    2018-12-01 0 days 2,414 sqft
    2019-01-01 0 days 2,490 sqft
    2019-02-01 0 days 2,541 sqft
    2019-03-01 0 days 2,619 sqft
    2019-04-01 0 days 2,629 sqft
    2019-05-01 0 days 2,539 sqft
    2019-06-01 0 days 2,434 sqft
    2019-07-01 0 days 2,386 sqft
    2019-08-01 0 days 2,397 sqft
    2019-09-01 0 days 2,406 sqft
    2019-10-01 0 days 2,415 sqft
    2019-11-01 0 days 2,454 sqft
    2019-12-01 0 days 2,545 sqft
    2020-01-01 0 days 2,535 sqft
    2020-02-01 0 days 2,505 sqft
    2020-03-01 0 days 2,519 sqft
    2020-04-01 0 days 2,508 sqft
    2020-05-01 0 days 2,476 sqft
    2020-06-01 0 days 2,465 sqft
    2020-07-01 0 days 2,418 sqft
    2020-08-01 0 days 2,450 sqft
    2020-09-01 0 days 2,333 sqft
    2020-10-01 0 days 2,295 sqft
    2020-11-01 0 days 2,320 sqft
    2020-12-01 0 days 2,365 sqft
    2021-01-01 0 days 2,334 sqft
    2021-02-01 0 days 2,335 sqft
    2021-03-01 0 days 2,260 sqft
    2021-04-01 0 days 2,360 sqft
    2021-05-01 0 days 2,342 sqft
    2021-06-01 0 days 2,208 sqft
    2021-07-01 0 days 2,061 sqft
    2021-08-01 0 days 2,087 sqft
    2021-09-01 0 days 2,120 sqft
    2021-10-01 0 days 2,080 sqft
    2021-11-01 0 days 2,208 sqft
    2021-12-01 0 days 2,148 sqft
    2022-01-01 0 days 2,157 sqft
    2022-02-01 0 days 2,206 sqft
    2022-03-01 0 days 2,221 sqft
    2022-04-01 0 days 2,232 sqft
    2022-05-01 0 days 2,043 sqft
    2022-06-01 0 days 1,911 sqft
    2022-07-01 0 days 2,040 sqft
    2022-08-01 0 days 2,136 sqft
    2022-09-01 0 days 2,038 sqft
    2022-10-01 0 days 2,027 sqft
    2022-11-01 0 days 2,177 sqft
    2022-12-01 0 days 2,133 sqft
    2023-01-01 0 days 2,130 sqft
    2023-02-01 0 days 2,235 sqft
    2023-03-01 0 days 2,313 sqft
    2023-04-01 0 days 2,300 sqft
    2023-05-01 0 days 2,334 sqft
    2023-06-01 0 days 2,322 sqft
    2023-07-01 0 days 2,250 sqft
    2023-08-01 0 days 2,249 sqft
    2023-09-01 0 days 2,263 sqft
    2023-10-01 0 days 2,203 sqft
    2023-11-01 0 days 2,163 sqft
    2023-12-01 0 days 2,186 sqft
    2024-01-01 0 days 2,114 sqft
    2024-02-01 0 days 2,130 sqft
    2024-03-01 0 days 2,186 sqft
    Kerrville's median listing age (time on market) for 2024-03-01 was 0 days.

    Kerrville's median square footage for active listings during the 2024-03-01 period was 2,186 sqft. One year prior, the average listing was 2,313 sqft.

    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.