Killeen VA Loans
KILLEEN-TEMPLE, 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 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.
Killeen's 222 lenders originated 9,156 VA loans during 2021. The total origination value was $2,161,800,000, with an average VA loan value of $236,107.
Killeen VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Killeen
averaged
5.34%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.67% and
one month ago for the week of 2022-04-08, the
average rate was 4.99%.
The average rate one year ago was 2.91%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.06%.
Killeen 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 Killeen level.
The top Killeen VA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
1,182 VA loans originated. Their average total fees are
$7,224, which is $643
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Killeen VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($2,512), FREEDOM MORTGAGE CORPORATION ($2,514), LAKEVIEW LOAN SERVICING, LLC ($2,769), PENTAGON FEDERAL CREDIT UNION ($2,832) and VILLAGE CAPITAL & INVESTMENT LLC ($2,990).
The lowest rate Killeen VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.19%), InterContinental Capital Group, Inc (2.30%), PENTAGON FEDERAL CREDIT UNION (2.35%), CLEARPATH LENDING (2.35%) and QUICKEN LOANS, LLC (2.38%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Killeen (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 | $188,368 (8.0%) | $219,920 (8.1%) | 0.69 | 1,529 |
| 2018-02-01 | $189,400 (6.7%) | $225,465 (7.9%) | 0.68 | 1,523 |
| 2018-03-01 | $190,600 (6.2%) | $229,376 (9.4%) | 0.66 | 1,537 |
| 2018-04-01 | $199,900 (8.1%) | $236,100 (10.2%) | 0.67 | 1,510 |
| 2018-05-01 | $205,000 (10.7%) | $248,214 (14.7%) | 0.68 | 1,508 |
| 2018-06-01 | $206,500 (14.8%) | $252,973 (17.9%) | 0.69 | 1,587 |
| 2018-07-01 | $216,358 (20.3%) | $255,773 (20.9%) | 0.72 | 1,584 |
| 2018-08-01 | $207,900 (17.2%) | $248,454 (20.6%) | 0.69 | 1,633 |
| 2018-09-01 | $207,500 (17.3%) | $244,910 (16.8%) | 0.69 | 1,710 |
| 2018-10-01 | $199,450 (11.3%) | $236,053 (12.1%) | 0.67 | 1,681 |
| 2018-11-01 | $205,000 (14.4%) | $234,815 (11.2%) | 0.69 | 1,591 |
| 2018-12-01 | $209,900 (15.4%) | $235,474 (10.0%) | 0.72 | 1,524 |
| 2019-01-01 | $211,000 (12.0%) | $240,642 (9.4%) | 0.73 | 1,467 |
| 2019-02-01 | $217,908 (15.1%) | $249,302 (10.6%) | 0.73 | 1,395 |
| 2019-03-01 | $226,386 (18.8%) | $258,719 (12.8%) | 0.74 | 1,356 |
| 2019-04-01 | $234,950 (17.5%) | $267,219 (13.2%) | 0.74 | 1,336 |
| 2019-05-01 | $234,250 (14.3%) | $272,407 (9.8%) | 0.72 | 1,323 |
| 2019-06-01 | $230,900 (11.8%) | $269,832 (6.7%) | 0.71 | 1,413 |
| 2019-07-01 | $226,450 (4.7%) | $265,196 (3.7%) | 0.70 | 1,518 |
| 2019-08-01 | $226,714 (9.1%) | $265,725 (7.0%) | 0.71 | 1,495 |
| 2019-09-01 | $228,856 (10.3%) | $269,110 (9.9%) | 0.73 | 1,471 |
| 2019-10-01 | $228,500 (14.6%) | $267,101 (13.2%) | 0.73 | 1,511 |
| 2019-11-01 | $227,500 (11.0%) | $270,383 (15.2%) | 0.73 | 1,526 |
| 2019-12-01 | $224,200 (6.8%) | $265,370 (12.7%) | 0.75 | 1,457 |
| 2020-01-01 | $227,900 (8.0%) | $268,107 (11.4%) | 0.76 | 1,375 |
| 2020-02-01 | $229,900 (5.5%) | $274,927 (10.3%) | 0.74 | 1,329 |
| 2020-03-01 | $229,950 (1.6%) | $273,909 (5.9%) | 0.72 | 1,385 |
| 2020-04-01 | $233,750 (-0.5%) | $275,838 (3.2%) | 0.73 | 1,379 |
| 2020-05-01 | $242,175 (3.4%) | $285,477 (4.8%) | 0.73 | 1,197 |
| 2020-06-01 | $247,450 (7.2%) | $296,127 (9.7%) | 0.72 | 1,018 |
| 2020-07-01 | $249,500 (10.2%) | $298,194 (12.4%) | 0.71 | 894 |
| 2020-08-01 | $269,500 (18.9%) | $323,335 (21.7%) | 0.77 | 830 |
| 2020-09-01 | $260,000 (13.6%) | $318,191 (18.2%) | 0.74 | 732 |
| 2020-10-01 | $252,043 (10.3%) | $307,343 (15.1%) | 0.72 | 646 |
| 2020-11-01 | $258,212 (13.5%) | $312,042 (15.4%) | 0.74 | 617 |
| 2020-12-01 | $236,900 (5.7%) | $286,029 (7.8%) | 0.69 | 590 |
| 2021-01-01 | $245,000 (7.5%) | $299,986 (11.9%) | 0.72 | 492 |
| 2021-02-01 | $232,513 (1.1%) | $301,468 (9.7%) | 0.67 | 388 |
| 2021-03-01 | $228,500 (-0.6%) | $302,553 (10.5%) | 0.64 | 385 |
| 2021-04-01 | $229,338 (-1.9%) | $307,221 (11.4%) | 0.62 | 388 |
| 2021-05-01 | $225,000 (-7.1%) | $302,634 (6.0%) | 0.59 | 393 |
| 2021-06-01 | $234,450 (-5.3%) | $299,647 (1.2%) | 0.61 | 424 |
| 2021-07-01 | $251,000 (0.6%) | $312,474 (4.8%) | 0.65 | 525 |
| 2021-08-01 | $255,000 (-5.4%) | $342,367 (5.9%) | 0.67 | 583 |
| 2021-09-01 | $261,000 (0.4%) | $348,955 (9.7%) | 0.69 | 569 |
| 2021-10-01 | $279,000 (10.7%) | $373,769 (21.6%) | 0.73 | 598 |
| 2021-11-01 | $281,000 (8.8%) | $398,541 (27.7%) | 0.74 | 598 |
| 2021-12-01 | $269,950 (14.0%) | $399,851 (39.8%) | 0.72 | 569 |
| 2022-01-01 | $274,900 (12.2%) | $417,470 (39.2%) | 0.73 | 426 |
| 2022-02-01 | $278,000 (19.6%) | $417,777 (38.6%) | 0.71 | 391 |
| 2022-03-01 | $275,450 (20.6%) | $420,310 (38.9%) | 0.68 | 398 |
| 2022-04-01 | $295,000 (28.6%) | $454,161 (47.8%) | 0.69 | 461 |
Killeen's median listing price comes in at 69% of the national average.
Killeen's average listing price for 2022-04-01 was $454,161, a difference of $146,940 (47.8%) versus the prior year and $33,851 versus the prior month.
For the 2022-04-01 period, Killeen had 461 MLS listings, a difference of 63 listings (16%) versus the prior month and 73 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Killeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 71 days | 2,035 sqft |
| 2018-02-01 | 68 days | 2,055 sqft |
| 2018-03-01 | 58 days | 2,062 sqft |
| 2018-04-01 | 51 days | 2,066 sqft |
| 2018-05-01 | 49 days | 2,070 sqft |
| 2018-06-01 | 48 days | 2,078 sqft |
| 2018-07-01 | 52 days | 2,099 sqft |
| 2018-08-01 | 52 days | 2,071 sqft |
| 2018-09-01 | 53 days | 2,068 sqft |
| 2018-10-01 | 61 days | 2,055 sqft |
| 2018-11-01 | 67 days | 2,082 sqft |
| 2018-12-01 | 71 days | 2,069 sqft |
| 2019-01-01 | 75 days | 2,077 sqft |
| 2019-02-01 | 72 days | 2,097 sqft |
| 2019-03-01 | 56 days | 2,116 sqft |
| 2019-04-01 | 46 days | 2,138 sqft |
| 2019-05-01 | 45 days | 2,150 sqft |
| 2019-06-01 | 43 days | 2,114 sqft |
| 2019-07-01 | 45 days | 2,094 sqft |
| 2019-08-01 | 52 days | 2,104 sqft |
| 2019-09-01 | 57 days | 2,116 sqft |
| 2019-10-01 | 56 days | 2,098 sqft |
| 2019-11-01 | 56 days | 2,114 sqft |
| 2019-12-01 | 64 days | 2,074 sqft |
| 2020-01-01 | 70 days | 2,074 sqft |
| 2020-02-01 | 59 days | 2,063 sqft |
| 2020-03-01 | 45 days | 2,059 sqft |
| 2020-04-01 | 54 days | 2,073 sqft |
| 2020-05-01 | 66 days | 2,114 sqft |
| 2020-06-01 | 59 days | 2,141 sqft |
| 2020-07-01 | 53 days | 2,158 sqft |
| 2020-08-01 | 45 days | 2,175 sqft |
| 2020-09-01 | 45 days | 2,178 sqft |
| 2020-10-01 | 47 days | 2,109 sqft |
| 2020-11-01 | 39 days | 2,075 sqft |
| 2020-12-01 | 45 days | 1,973 sqft |
| 2021-01-01 | 50 days | 2,001 sqft |
| 2021-02-01 | 45 days | 1,960 sqft |
| 2021-03-01 | 39 days | 1,900 sqft |
| 2021-04-01 | 34 days | 1,920 sqft |
| 2021-05-01 | 34 days | 1,890 sqft |
| 2021-06-01 | 34 days | 1,874 sqft |
| 2021-07-01 | 27 days | 1,922 sqft |
| 2021-08-01 | 28 days | 1,885 sqft |
| 2021-09-01 | 36 days | 1,926 sqft |
| 2021-10-01 | 36 days | 1,919 sqft |
| 2021-11-01 | 37 days | 1,941 sqft |
| 2021-12-01 | 42 days | 1,911 sqft |
| 2022-01-01 | 49 days | 1,940 sqft |
| 2022-02-01 | 33 days | 1,905 sqft |
| 2022-03-01 | 33 days | 1,888 sqft |
| 2022-04-01 | 29 days | 1,914 sqft |
Killeen's median square footage for active listings during the 2022-04-01 period was 1,914 sqft. One year prior, the average listing was 1,920 sqft.
