Kerrville VA Loan Rates, Closing Costs & Stats

Kerrville, 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.

Kerrville's 47 lenders originated 189 VA loans during 2021. The total origination value was $56,215,000, with an average VA loan value of $297,434.

Kerrville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kerrville averaged 6.57% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Kerrville's average VA mortgage closing costs are $5,536.

The average rate for the prior week (2022-11-25) was 6.71% and one month ago for the week of 2022-10-28, the average rate was 7.2%.

The average rate one year ago was 3.47%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.57%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 21 2.93% $6,164
CALIBER HOME LOANS, INC. 14 2.38% $6,548
SWBC MORTGAGE CORPORATION 14 3.08% $6,302
FREEDOM MORTGAGE CORPORATION 14 2.54% $2,108
PENNYMAC LOAN SERVICES, LLC 14 2.33% $5,645
QUICKEN LOANS, LLC 13 2.40% $6,538
USAA Federal Savings Bank 6 2.79% $3,018
GUARANTEED RATE, INC. 5 2.45% $7,092
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.30% $5,106
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.09% $4,091
V.I.P. MORTGAGE, INC. 4 2.81% $11,035
GUILD MORTGAGE COMPANY 3 2.63% $9,134
NEW DAY FINANCIAL, LLC 3 2.33% $6,898
LAKEVIEW LOAN SERVICING, LLC 2 2.57% $3,322
NEWREZ LLC 2 2.93% $8,023
FIRST CENTENNIAL MORTGAGE CORPORATION 2 3.13% $9,437
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 2.81% $5,327
PLAZA HOME MORTGAGE, INC. 2 3.37% $7,532
CLEARPATH LENDING 2 2.50% $3,041
PENTAGON FEDERAL CREDIT UNION 2 2.44% $2,935
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.25% $3,135
THRIVE MORTGAGE, LLC 1 3.00% $3,235
United Fidelity Funding Corp. 1 2.63% $5,149
UNITED WHOLESALE MORTGAGE, LLC 1 2.44% $2,196
UNIVERSITY LENDING GROUP, LLC 1 3.13% $6,787
Wallick & Volk, Inc. 1 2.24% $9,084
AMCAP MORTGAGE, LTD. 1 4.63% $6,195
Wells Fargo Bank 1 2.25% $3,538
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.63% $1,674
Amerifirst Financial, Inc. 1 2.63% $3,327
BROKER SOLUTIONS, INC. 1 2.25% $3,012
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $2,937
Citizens Bank 1 2.50% $1,975
Community First National Bank 1 2.63% $16,704
Flagstar Bank, FSB 1 2.75% $10,791
Gateway First Bank 1 2.75% $5,322
Happy State Bank 1 2.25% $2,468
HOME POINT FINANCIAL CORPORATION 1 2.25% $4,523
InterContinental Capital Group, Inc 1 2.75% $5,196
Lakeview Community Capital, LLC 1 2.50% $1,433
Low VA Rates, LLC 1 2.25% $8,318
MICHIGAN MUTUAL, INC. 1 4.38% $9,079
ML Mortgage Corp. 1 3.13% $9,021
Mr. Cooper ( Nationstar Mortgage ) 1 2.38% $5,571
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.38% $5,909
NAVY FEDERAL CREDIT UNION 1 2.50% $2,725
NBKC BANK 1 2.25% $1,981

The top Kerrville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $6,164, which is $384 lower than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee Kerrville VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,108), PENNYMAC LOAN SERVICES, LLC ($5,645), Mortgage Research Center, LLC ($6,164), SWBC MORTGAGE CORPORATION ($6,302) and QUICKEN LOANS, LLC ($6,538).

The lowest rate Kerrville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.33%), CALIBER HOME LOANS, INC. (2.38%), QUICKEN LOANS, LLC (2.40%), FREEDOM MORTGAGE CORPORATION (2.54%) and Mortgage Research Center, LLC (2.93%).


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 $399,999 (12.9%) $645,233 (6.9%) 0.00 280
2018-02-01 $391,175 (13.6%) $633,062 (8.8%) 0.00 274
2018-03-01 $399,000 (11.0%) $639,529 (9.8%) 0.00 284
2018-04-01 $399,000 (6.6%) $613,392 (4.3%) 0.00 299
2018-05-01 $415,200 (10.8%) $621,542 (5.4%) 0.00 302
2018-06-01 $425,000 (12.0%) $627,370 (5.0%) 0.00 318
2018-07-01 $422,500 (10.5%) $614,119 (0.4%) 0.00 337
2018-08-01 $421,300 (8.5%) $615,776 (1.2%) 0.00 339
2018-09-01 $410,000 (2.8%) $620,971 (-0.1%) 0.00 336
2018-10-01 $420,225 (-0.5%) $647,862 (1.2%) 0.00 308
2018-11-01 $419,450 (2.1%) $635,301 (1.3%) 0.00 303
2018-12-01 $412,475 (-1.6%) $620,527 (-2.8%) 0.00 305
2019-01-01 $419,025 (4.8%) $632,490 (-2.0%) 0.00 278
2019-02-01 $403,688 (3.2%) $652,066 (3.0%) 0.00 284
2019-03-01 $403,957 (1.2%) $671,893 (5.1%) 0.00 291
2019-04-01 $404,157 (1.3%) $667,538 (8.8%) 0.00 301
2019-05-01 $399,900 (-3.7%) $825,525 (32.8%) 0.00 319
2019-06-01 $416,300 (-2.1%) $892,233 (42.2%) 0.00 329
2019-07-01 $399,250 (-5.5%) $841,870 (37.1%) 0.00 352
2019-08-01 $399,000 (-5.3%) $823,350 (33.7%) 0.00 357
2019-09-01 $399,000 (-2.7%) $817,727 (31.7%) 0.00 347
2019-10-01 $399,000 (-5.1%) $813,978 (25.6%) 0.00 335
2019-11-01 $399,700 (-4.7%) $771,974 (21.5%) 0.00 323
2019-12-01 $451,225 (9.4%) $789,166 (27.2%) 0.00 298
2020-01-01 $444,900 (6.2%) $698,698 (10.5%) 0.00 274
2020-02-01 $438,500 (8.6%) $672,344 (3.1%) 0.00 273
2020-03-01 $439,700 (8.9%) $705,605 (5.0%) 0.00 277
2020-04-01 $439,900 (8.8%) $730,605 (9.5%) 0.00 277
2020-05-01 $459,900 (15.0%) $783,199 (-5.1%) 0.00 276
2020-06-01 $462,450 (11.1%) $777,306 (-12.9%) 0.00 273
2020-07-01 $444,375 (11.3%) $765,819 (-9.0%) 0.00 278
2020-08-01 $469,000 (17.5%) $793,404 (-3.6%) 0.00 250
2020-09-01 $468,500 (17.4%) $789,790 (-3.4%) 0.00 232
2020-10-01 $439,750 (10.2%) $764,421 (-6.1%) 0.00 235
2020-11-01 $436,000 (9.1%) $720,105 (-6.7%) 0.00 223
2020-12-01 $448,000 (-0.7%) $752,807 (-4.6%) 0.00 193
2021-01-01 $430,500 (-3.2%) $843,215 (20.7%) 0.00 160
2021-02-01 $452,975 (3.3%) $875,897 (30.3%) 0.00 153
2021-03-01 $445,950 (1.4%) $897,349 (27.2%) 0.00 145
2021-04-01 $454,750 (3.4%) $938,430 (28.5%) 0.00 139
2021-05-01 $490,000 (6.5%) $957,202 (22.2%) 0.00 137
2021-06-01 $449,250 (-2.9%) $852,212 (9.6%) 0.00 139
2021-07-01 $465,000 (4.6%) $817,912 (6.8%) 0.00 171
2021-08-01 $467,600 (-0.3%) $807,143 (1.7%) 0.00 180
2021-09-01 $475,250 (1.4%) $813,587 (3.0%) 0.00 170
2021-10-01 $492,500 (12.0%) $827,125 (8.2%) 0.00 158
2021-11-01 $514,500 (18.0%) $909,697 (26.3%) 0.00 163
2021-12-01 $497,750 (11.1%) $872,533 (15.9%) 0.00 150
2022-01-01 $504,988 (17.3%) $875,580 (3.8%) 0.00 140
2022-02-01 $521,225 (15.1%) $930,545 (6.2%) 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 $520,313 (11.3%) $937,280 (16.1%) 0.00 200
2022-09-01 $502,813 (5.8%) $902,054 (10.9%) 0.00 213
2022-10-01 $497,450 (1.0%) $832,255 (0.6%) 0.00 232
2022-11-01 $551,450 (7.2%) $844,242 (-7.2%) 0.00 240
Kerrville's median listing price for 2022-11-01 was $551,450, a difference of $36,950 (7.2%) versus the prior year and $54,000 versus the prior month.

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

Kerrville's average listing price for 2022-11-01 was $844,242, a difference of $-65,455 (-7.2%) versus the prior year and $11,987 versus the prior month.

For the 2022-11-01 period, Kerrville had 240 MLS listings, a difference of 8 listings (3%) versus the prior month and 77 listings (47%) 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 2,537 sqft
2018-02-01 0 days 2,489 sqft
2018-03-01 0 days 2,453 sqft
2018-04-01 0 days 2,451 sqft
2018-05-01 0 days 2,535 sqft
2018-06-01 0 days 2,597 sqft
2018-07-01 0 days 2,603 sqft
2018-08-01 0 days 2,608 sqft
2018-09-01 0 days 2,548 sqft
2018-10-01 0 days 2,555 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 2,620 sqft
2019-04-01 0 days 2,634 sqft
2019-05-01 0 days 2,539 sqft
2019-06-01 0 days 2,434 sqft
2019-07-01 0 days 2,376 sqft
2019-08-01 0 days 2,391 sqft
2019-09-01 0 days 2,402 sqft
2019-10-01 0 days 2,413 sqft
2019-11-01 0 days 2,453 sqft
2019-12-01 0 days 2,545 sqft
2020-01-01 0 days 2,530 sqft
2020-02-01 0 days 2,500 sqft
2020-03-01 0 days 2,518 sqft
2020-04-01 0 days 2,499 sqft
2020-05-01 0 days 2,473 sqft
2020-06-01 0 days 2,465 sqft
2020-07-01 0 days 2,412 sqft
2020-08-01 0 days 2,450 sqft
2020-09-01 0 days 2,328 sqft
2020-10-01 0 days 2,291 sqft
2020-11-01 0 days 2,320 sqft
2020-12-01 0 days 2,365 sqft
2021-01-01 0 days 2,339 sqft
2021-02-01 0 days 2,344 sqft
2021-03-01 0 days 2,284 sqft
2021-04-01 0 days 2,363 sqft
2021-05-01 0 days 2,344 sqft
2021-06-01 0 days 2,220 sqft
2021-07-01 0 days 2,061 sqft
2021-08-01 0 days 2,092 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 2,207 sqft
2022-03-01 0 days 2,223 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 2,147 sqft
2022-09-01 0 days 2,055 sqft
2022-10-01 0 days 2,027 sqft
2022-11-01 0 days 2,181 sqft
Kerrville's median listing age (time on market) for 2022-11-01 was 0 days.

Kerrville's median square footage for active listings during the 2022-11-01 period was 2,181 sqft. One year prior, the average listing was 2,208 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.