Killeen VA Loan Rates, Closing Costs & Stats
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 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.
Killeen's 148 lenders originated 3,853 VA
loans during 2023. The total origination value was $1,212,555,000, with an average VA loan value of
$314,704.
Killeen VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Killeen
averaged
6.08%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Killeen's average VA mortgage closing costs are $5,770.
The average rate for the prior week (2024-10-18) was
5.89% and
one month ago for the week of 2024-09-20, the
average rate was 5.59%.
The average rate one year ago was 7.11%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.43%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Killeen 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 Killeen level.
Name |
# of Loans |
2023 Avg. 30yFix Rate |
2023 Avg. Closing Costs |
Mortgage Research Center, LLC
|
588
|
6.65%
|
$6,658
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
560
|
6.57%
|
$7,421
|
DHI MORTGAGE COMPANY, LTD.
|
531
|
5.26%
|
$8,213
|
First National Bank Texas
|
209
|
6.02%
|
$6,623
|
NAVY FEDERAL CREDIT UNION
|
169
|
5.80%
|
$6,482
|
SWBC MORTGAGE CORPORATION
|
152
|
6.16%
|
$8,716
|
UNITED WHOLESALE MORTGAGE, LLC
|
146
|
6.26%
|
$7,012
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
104
|
7.73%
|
$4,100
|
CMG MORTGAGE, INC.
|
100
|
6.44%
|
$11,978
|
GUARANTEED RATE, INC.
|
77
|
6.32%
|
$5,987
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
57
|
6.66%
|
$12,123
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
56
|
6.42%
|
$11,021
|
USAA Federal Savings Bank
|
55
|
6.09%
|
$10,153
|
BancorpSouth
|
52
|
6.30%
|
$6,118
|
PLAZA HOME MORTGAGE, INC.
|
51
|
6.60%
|
$10,037
|
LEADERONE FINANCIAL CORPORATION
|
50
|
6.33%
|
$8,112
|
CORNERSTONE HOME LENDING, INC.
|
48
|
6.77%
|
$8,203
|
PENTAGON FEDERAL CREDIT UNION
|
38
|
5.54%
|
$9,005
|
PENNYMAC LOAN SERVICES, LLC
|
35
|
5.37%
|
$8,973
|
QUICKEN LOANS, LLC
|
34
|
6.22%
|
$11,583
|
Wolfe Financial, Inc
|
33
|
6.79%
|
$5,279
|
Gateway First Bank
|
30
|
6.30%
|
$6,624
|
CROSSCOUNTRY MORTGAGE, LLC
|
28
|
6.88%
|
$5,971
|
Equity Prime Mortgage LLC
|
23
|
6.97%
|
$9,491
|
AMCAP MORTGAGE, LTD.
|
21
|
6.69%
|
$12,976
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
20
|
6.42%
|
$9,296
|
FREEDOM MORTGAGE CORPORATION
|
17
|
6.68%
|
$11,335
|
GUARANTEED RATE AFFINITY, LLC
|
17
|
6.71%
|
$4,064
|
MOVEMENT MORTGAGE, LLC
|
17
|
6.32%
|
$12,691
|
KBHS HOME LOANS, LLC
|
16
|
5.76%
|
$11,528
|
CARDINAL FINANCIAL
|
16
|
6.46%
|
$12,383
|
NEWREZ LLC
|
16
|
6.23%
|
$9,133
|
Network Funding, L.P.
|
15
|
6.02%
|
$14,209
|
GUILD MORTGAGE COMPANY
|
15
|
6.43%
|
$12,956
|
Paramount Residential Mortgage Group, Inc.
|
13
|
6.44%
|
$7,988
|
Armed Forces Bank
|
13
|
5.99%
|
$11,634
|
Flagstar Bank, FSB
|
13
|
6.72%
|
$7,160
|
LOANDEPOT.COM, LLC
|
12
|
6.55%
|
$11,871
|
THRIVE MORTGAGE, LLC
|
12
|
6.44%
|
$12,942
|
NBKC BANK
|
12
|
5.90%
|
$7,368
|
HOMESIDE FINANCIAL, LLC
|
12
|
6.88%
|
$8,134
|
First United Bank and Trust Company
|
11
|
6.23%
|
$13,548
|
The Federal Savings Bank
|
8
|
6.78%
|
$8,922
|
NATIONS RELIABLE LENDING, LLC
|
8
|
6.44%
|
$6,910
|
VILLAGE CAPITAL MORTGAGE
|
8
|
5.81%
|
$5,398
|
SECURITYNATIONAL MORTGAGE COMPANY
|
8
|
6.95%
|
$11,084
|
Plains Commerce Bank
|
8
|
6.25%
|
$12,824
|
Wells Fargo Bank
|
7
|
5.64%
|
$6,474
|
BROKER SOLUTIONS, INC.
|
7
|
6.95%
|
$8,711
|
Waterstone Mortgage Corporation
|
7
|
6.43%
|
$9,791
|
ENVOY MORTGAGE, LTD
|
6
|
6.52%
|
$3,978
|
American Mortgage & Equity Consultants, Inc.
|
6
|
6.35%
|
$10,002
|
SENTE MORTGAGE, INC.
|
6
|
6.17%
|
$8,137
|
SUN WEST MORTGAGE COMPANY, INC.
|
6
|
6.55%
|
$7,811
|
Barrington Bank & Trust Company, N.A.
|
5
|
6.33%
|
$7,970
|
Mid-Continent Funding, Inc.
|
5
|
6.08%
|
$10,412
|
NTFN, INC.
|
5
|
6.25%
|
$10,437
|
JPMorgan Chase Bank
|
5
|
6.45%
|
$6,487
|
SeaTrust Mortgage Company
|
5
|
6.70%
|
$7,883
|
GARDNER FINANCIAL SERVICES, LTD.
|
5
|
5.30%
|
$14,472
|
ACADEMY MORTGAGE CORPORATION
|
4
|
5.66%
|
$7,310
|
AMERICAN FINANCIAL NETWORK, INC.
|
4
|
6.34%
|
$7,574
|
BOKF
|
4
|
5.75%
|
$12,641
|
FIRST COMMUNITY MORTGAGE, INC.
|
4
|
6.31%
|
$10,009
|
Mr. Cooper ( Nationstar Mortgage )
|
4
|
6.41%
|
$5,466
|
Trinity Oaks Mortgage, LLC
|
4
|
6.16%
|
$16,998
|
UNION HOME MORTGAGE CORP.
|
3
|
7.04%
|
$6,651
|
Northpointe Bank
|
3
|
6.00%
|
$8,500
|
UNIVERSITY Federal Credit Union
|
3
|
5.75%
|
$10,996
|
Century Mortgage Company DBA Century Lending Company
|
3
|
6.88%
|
$14,881
|
SUMMIT FUNDING, INC.
|
3
|
6.63%
|
$6,129
|
CITY FIRST MORTGAGE SERVICES, L.L.C.
|
3
|
7.25%
|
$15,196
|
CHURCHILL MORTGAGE CORPORATION
|
3
|
6.54%
|
$12,126
|
Extraco Banks
|
3
|
7.08%
|
$10,253
|
The Loan Store, Inc.
|
3
|
6.79%
|
$9,436
|
EVERETT FINANCIAL, INC.
|
3
|
7.08%
|
$9,196
|
CALIBER HOME LOANS, INC.
|
3
|
6.25%
|
$10,745
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
3
|
6.33%
|
$6,954
|
AMERISAVE MORTGAGE CORPORATION
|
2
|
6.50%
|
$12,005
|
V.I.P. MORTGAGE, INC.
|
2
|
5.56%
|
$3,533
|
CANOPY MORTGAGE, LLC
|
2
|
6.25%
|
$13,397
|
Encompass Lending Group, LP
|
2
|
7.06%
|
$10,793
|
SFMC, LP
|
2
|
6.37%
|
$3,985
|
Neighborhood Loans, Inc.
|
2
|
6.50%
|
$4,168
|
GENEVA FINANCIAL, LLC
|
2
|
6.88%
|
$6,154
|
T2 FINANCIAL LLC
|
2
|
6.63%
|
$13,700
|
PILGRIM MORTGAGE LLC
|
2
|
5.81%
|
$12,979
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
2
|
6.69%
|
$4,950
|
PLANET HOME LENDING, LLC
|
2
|
5.63%
|
$20,605
|
LAKEVIEW LOAN SERVICING, LLC
|
2
|
5.38%
|
$17,529
|
PREMIER MORTGAGE RESOURCES, L.L.C.
|
2
|
7.63%
|
$19,702
|
U.S. Bank
|
2
|
6.06%
|
$6,475
|
MORTGAGE FINANCIAL SERVICES, LLC
|
2
|
6.31%
|
$10,363
|
MORTGAGEONE, INC.
|
2
|
7.25%
|
$2,188
|
Citizens Bank
|
1
|
7.25%
|
$6,723
|
PNC Bank
|
1
|
6.50%
|
$9,116
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
1
|
6.75%
|
$15,631
|
Prosperity Home Mortgage, LLC
|
1
|
5.75%
|
$10,190
|
Renasant Bank
|
1
|
5.25%
|
$7,027
|
CBM Mortgage, Inc.
|
1
|
6.25%
|
$10,688
|
SOUTHWEST STAGE FUNDING, LLC
|
1
|
6.38%
|
$5,233
|
Strong Home Mortgage, LLC
|
1
|
6.99%
|
$16,369
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
8.43%
|
$12,905
|
Bell Bank
|
1
|
5.75%
|
$24,155
|
Texas Mortgage Lending, LLC
|
1
|
6.63%
|
$16,028
|
BAY EQUITY LLC
|
1
|
6.13%
|
$14,784
|
THE MORTGAGE LINK, INC.
|
1
|
6.00%
|
$15,888
|
BARTON CREEK LENDING GROUP, LLC
|
1
|
6.63%
|
$6,555
|
TJC Mortgage, Inc.
|
1
|
6.13%
|
$14,429
|
TOTAL MORTGAGE SERVICES, LLC
|
1
|
6.63%
|
$5,878
|
TOWNE MORTGAGE COMPANY
|
1
|
6.75%
|
$11,707
|
Affiliated Bank
|
1
|
7.63%
|
$2,167
|
TruHome Solutions, LLC
|
1
|
6.88%
|
$4,163
|
Bank of England
|
1
|
6.25%
|
$9,492
|
Ameris Bank
|
1
|
6.13%
|
$9,209
|
VAN DYK MORTGAGE CORPORATION
|
1
|
7.13%
|
$11,009
|
VELOCIO MORTGAGE L.L.C.
|
1
|
6.75%
|
$6,927
|
Alcova Mortgage LLC
|
1
|
5.75%
|
$9,748
|
Ixonia Bank
|
1
|
5.63%
|
$20,474
|
HOME FINANCING UNLIMITED, INC.
|
1
|
6.25%
|
$10,207
|
INTELLILOAN, INC.
|
1
|
6.75%
|
$2,268
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
1
|
5.88%
|
$6,414
|
LOANPEOPLE, LLC
|
1
|
5.50%
|
$29,264
|
MICHIGAN MUTUAL, INC.
|
1
|
5.38%
|
$4,439
|
MID AMERICA MORTGAGE, INC.
|
1
|
6.13%
|
$20,466
|
MLB RESIDENTIAL LENDING, LLC
|
1
|
7.50%
|
$7,158
|
ML Mortgage Corp.
|
1
|
6.25%
|
$20,710
|
F&M Bank
|
1
|
5.63%
|
$12,075
|
First Financial Bank
|
1
|
7.38%
|
$4,176
|
MOUNTAIN WEST FINANCIAL, INC.
|
1
|
8.13%
|
$3,384
|
First Bank
|
1
|
6.63%
|
$10,926
|
ALAMEDA MORTGAGE CORPORATION
|
1
|
6.13%
|
$7,615
|
M&T Bank
|
1
|
5.75%
|
$8,459
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
7.75%
|
$50,054
|
Nations Lending Corporation
|
1
|
7.50%
|
$10,931
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
1
|
6.99%
|
$7,994
|
EUSTIS AND AMERICAN MORTGAGE COMPANY
|
1
|
5.50%
|
$5,880
|
DAS Acquisition Company, LLC
|
1
|
7.25%
|
$12,852
|
NEW DAY FINANCIAL, LLC
|
1
|
7.50%
|
$6,057
|
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P.
|
1
|
6.75%
|
$8,058
|
NexBank
|
1
|
6.75%
|
$6,481
|
NFM, INC.
|
1
|
7.00%
|
$10,859
|
Cornerstone First Mortgage, Inc
|
1
|
6.63%
|
$2,674
|
OCMBC, INC.
|
1
|
6.75%
|
$9,876
|
Origin Bank
|
1
|
5.88%
|
$819
|
PANORAMA MORTGAGE GROUP, LLC
|
1
|
6.25%
|
$6,231
|
CONTOUR MORTGAGE CORPORATION
|
1
|
6.13%
|
$5,587
|
CLM MORTGAGE, INC
|
1
|
6.50%
|
$4,125
|
The top Killeen VA lender as defined by loan originations is Mortgage Research Center, LLC, with
588 VA loans originated. Their average total fees are
$6,658, which is $763
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Killeen VA lenders (with over 10 loans originated) are
GUARANTEED RATE AFFINITY, LLC ($4,064), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,100), Wolfe Financial, Inc ($5,279), CROSSCOUNTRY MORTGAGE, LLC ($5,971) and GUARANTEED RATE, INC. ($5,987).
The lowest rate Killeen VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.26%), PENNYMAC LOAN SERVICES, LLC (5.37%), PENTAGON FEDERAL CREDIT UNION (5.54%), KBHS HOME LOANS, LLC (5.76%) and NAVY FEDERAL CREDIT UNION (5.80%).
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.