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 6.61% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Killeen's average VA mortgage closing costs are $5,770.

The average rate for the prior week (2024-04-05) was 6.46% and one month ago for the week of 2024-03-08, the average rate was 6.29%.

The average rate one year ago was 5.69%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.97%.

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%).


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 $189,175 (11.6%) $219,818 (12.0%) 0.70 1,408
2018-02-01 $189,818 (11.0%) $224,262 (13.2%) 0.69 1,388
2018-03-01 $190,225 (8.6%) $227,093 (12.5%) 0.67 1,404
2018-04-01 $199,913 (10.8%) $234,341 (12.3%) 0.68 1,371
2018-05-01 $207,498 (14.3%) $245,646 (16.9%) 0.69 1,368
2018-06-01 $210,000 (17.0%) $249,536 (18.2%) 0.70 1,439
2018-07-01 $215,522 (20.5%) $252,545 (20.3%) 0.72 1,439
2018-08-01 $205,925 (16.0%) $244,946 (17.6%) 0.69 1,486
2018-09-01 $209,755 (19.6%) $242,166 (16.0%) 0.71 1,538
2018-10-01 $199,944 (12.2%) $235,729 (12.7%) 0.68 1,506
2018-11-01 $206,950 (15.6%) $235,109 (11.9%) 0.70 1,436
2018-12-01 $209,900 (16.6%) $234,945 (9.8%) 0.72 1,370
2019-01-01 $210,950 (11.5%) $238,313 (8.4%) 0.73 1,300
2019-02-01 $218,425 (15.1%) $248,003 (10.6%) 0.74 1,221
2019-03-01 $224,271 (17.9%) $255,539 (12.5%) 0.73 1,198
2019-04-01 $230,000 (15.1%) $262,283 (11.9%) 0.73 1,191
2019-05-01 $231,250 (11.5%) $266,227 (8.4%) 0.72 1,171
2019-06-01 $229,900 (9.5%) $264,784 (6.1%) 0.72 1,258
2019-07-01 $225,850 (4.8%) $262,226 (3.8%) 0.71 1,338
2019-08-01 $226,091 (9.8%) $261,558 (6.8%) 0.72 1,346
2019-09-01 $227,727 (8.6%) $264,069 (9.0%) 0.73 1,336
2019-10-01 $228,818 (14.4%) $265,743 (12.7%) 0.74 1,330
2019-11-01 $225,000 (8.7%) $267,659 (13.8%) 0.74 1,321
2019-12-01 $220,450 (5.0%) $261,630 (11.4%) 0.74 1,273
2020-01-01 $224,950 (6.6%) $262,480 (10.1%) 0.75 1,219
2020-02-01 $225,000 (3.0%) $264,544 (6.7%) 0.74 1,168
2020-03-01 $224,975 (0.3%) $264,800 (3.6%) 0.71 1,200
2020-04-01 $229,325 (-0.3%) $266,982 (1.8%) 0.72 1,189
2020-05-01 $234,900 (1.6%) $276,558 (3.9%) 0.71 1,033
2020-06-01 $241,975 (5.3%) $287,048 (8.4%) 0.71 893
2020-07-01 $243,950 (8.0%) $287,960 (9.8%) 0.71 785
2020-08-01 $249,000 (10.1%) $298,993 (14.3%) 0.71 716
2020-09-01 $240,911 (5.8%) $291,424 (10.4%) 0.69 638
2020-10-01 $239,450 (4.7%) $290,507 (9.3%) 0.69 567
2020-11-01 $245,949 (9.3%) $299,061 (11.7%) 0.72 535
2020-12-01 $243,300 (10.4%) $290,518 (11.0%) 0.72 525
2021-01-01 $245,500 (9.1%) $299,804 (14.2%) 0.73 439
2021-02-01 $234,175 (4.1%) $299,650 (13.3%) 0.68 347
2021-03-01 $224,500 (-0.2%) $298,340 (12.7%) 0.64 349
2021-04-01 $226,575 (-1.2%) $299,069 (12.0%) 0.61 353
2021-05-01 $225,000 (-4.2%) $295,606 (6.9%) 0.60 358
2021-06-01 $228,350 (-5.6%) $295,183 (2.8%) 0.60 390
2021-07-01 $249,900 (2.4%) $311,592 (8.2%) 0.66 483
2021-08-01 $254,900 (2.4%) $329,296 (10.1%) 0.68 521
2021-09-01 $259,699 (7.8%) $346,066 (18.8%) 0.69 505
2021-10-01 $275,000 (14.9%) $371,741 (28.0%) 0.73 514
2021-11-01 $275,000 (11.8%) $393,032 (31.4%) 0.74 516
2021-12-01 $269,000 (10.6%) $397,193 (36.7%) 0.73 485
2022-01-01 $271,560 (10.6%) $413,973 (38.1%) 0.73 375
2022-02-01 $283,875 (21.2%) $423,264 (41.3%) 0.74 329
2022-03-01 $276,725 (23.3%) $412,366 (38.2%) 0.69 354
2022-04-01 $292,500 (29.1%) $444,274 (48.6%) 0.70 409
2022-05-01 $306,000 (36.0%) $446,188 (50.9%) 0.70 540
2022-06-01 $314,000 (37.5%) $457,919 (55.1%) 0.70 699
2022-07-01 $314,778 (26.0%) $444,352 (42.6%) 0.71 907
2022-08-01 $310,635 (21.9%) $430,998 (30.9%) 0.72 1,178
2022-09-01 $310,000 (19.4%) $418,110 (20.8%) 0.72 1,290
2022-10-01 $315,000 (14.6%) $414,405 (11.5%) 0.74 1,390
2022-11-01 $313,700 (14.1%) $405,772 (3.2%) 0.75 1,475
2022-12-01 $308,400 (14.7%) $399,714 (0.6%) 0.76 1,464
2023-01-01 $309,950 (14.1%) $399,616 (-3.5%) 0.77 1,365
2023-02-01 $310,900 (9.5%) $398,797 (-5.8%) 0.75 1,300
2023-03-01 $315,000 (13.8%) $402,898 (-2.3%) 0.74 1,305
2023-04-01 $329,800 (12.8%) $416,348 (-6.3%) 0.77 1,270
2023-05-01 $333,501 (9.0%) $432,229 (-3.1%) 0.76 1,336
2023-06-01 $329,900 (5.1%) $421,716 (-7.9%) 0.74 1,461
2023-07-01 $325,350 (3.4%) $417,241 (-6.1%) 0.74 1,621
2023-08-01 $325,000 (4.6%) $417,987 (-3.0%) 0.75 1,687
2023-09-01 $325,000 (4.8%) $408,595 (-2.3%) 0.76 1,769
2023-10-01 $315,750 (0.2%) $400,214 (-3.4%) 0.74 1,932
2023-11-01 $314,458 (0.2%) $394,079 (-2.9%) 0.75 1,958
2023-12-01 $315,400 (2.3%) $396,896 (-0.7%) 0.77 1,832
2024-01-01 $311,158 (0.4%) $391,080 (-2.1%) 0.76 1,746
2024-02-01 $309,987 (-0.3%) $389,429 (-2.4%) 0.75 1,740
2024-03-01 $314,900 (0.0%) $394,248 (-2.2%) 0.74 1,862
Killeen's median listing price for 2024-03-01 was $314,900, a difference of $-100 (0.0%) versus the prior year and $4,913 versus the prior month.

Killeen's median listing price comes in at 74% of the national average.

Killeen's average listing price for 2024-03-01 was $394,248, a difference of $-8,650 (-2.2%) versus the prior year and $4,819 versus the prior month.

For the 2024-03-01 period, Killeen had 1,862 MLS listings, a difference of 122 listings (7%) versus the prior month and 557 listings (43%) 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 2,036 sqft
2018-02-01 67 days 2,059 sqft
2018-03-01 57 days 2,061 sqft
2018-04-01 51 days 2,069 sqft
2018-05-01 48 days 2,083 sqft
2018-06-01 47 days 2,088 sqft
2018-07-01 51 days 2,100 sqft
2018-08-01 51 days 2,064 sqft
2018-09-01 51 days 2,066 sqft
2018-10-01 60 days 2,059 sqft
2018-11-01 67 days 2,081 sqft
2018-12-01 71 days 2,068 sqft
2019-01-01 74 days 2,075 sqft
2019-02-01 70 days 2,094 sqft
2019-03-01 60 days 2,109 sqft
2019-04-01 45 days 2,124 sqft
2019-05-01 45 days 2,137 sqft
2019-06-01 41 days 2,100 sqft
2019-07-01 45 days 2,092 sqft
2019-08-01 49 days 2,087 sqft
2019-09-01 52 days 2,085 sqft
2019-10-01 54 days 2,084 sqft
2019-11-01 54 days 2,097 sqft
2019-12-01 63 days 2,059 sqft
2020-01-01 69 days 2,056 sqft
2020-02-01 64 days 2,038 sqft
2020-03-01 53 days 2,037 sqft
2020-04-01 59 days 2,055 sqft
2020-05-01 72 days 2,089 sqft
2020-06-01 57 days 2,124 sqft
2020-07-01 51 days 2,136 sqft
2020-08-01 57 days 2,106 sqft
2020-09-01 57 days 2,077 sqft
2020-10-01 63 days 2,069 sqft
2020-11-01 51 days 2,033 sqft
2020-12-01 44 days 1,988 sqft
2021-01-01 49 days 2,000 sqft
2021-02-01 43 days 1,951 sqft
2021-03-01 36 days 1,876 sqft
2021-04-01 34 days 1,908 sqft
2021-05-01 40 days 1,875 sqft
2021-06-01 38 days 1,875 sqft
2021-07-01 31 days 1,903 sqft
2021-08-01 31 days 1,875 sqft
2021-09-01 42 days 1,922 sqft
2021-10-01 44 days 1,927 sqft
2021-11-01 42 days 1,931 sqft
2021-12-01 53 days 1,903 sqft
2022-01-01 61 days 1,928 sqft
2022-02-01 30 days 1,909 sqft
2022-03-01 28 days 1,882 sqft
2022-04-01 27 days 1,901 sqft
2022-05-01 24 days 1,938 sqft
2022-06-01 25 days 1,978 sqft
2022-07-01 30 days 1,984 sqft
2022-08-01 31 days 1,982 sqft
2022-09-01 42 days 1,971 sqft
2022-10-01 47 days 1,982 sqft
2022-11-01 55 days 1,960 sqft
2022-12-01 65 days 1,942 sqft
2023-01-01 72 days 1,945 sqft
2023-02-01 64 days 1,948 sqft
2023-03-01 54 days 1,964 sqft
2023-04-01 49 days 1,985 sqft
2023-05-01 46 days 2,029 sqft
2023-06-01 46 days 2,019 sqft
2023-07-01 51 days 2,012 sqft
2023-08-01 55 days 2,007 sqft
2023-09-01 55 days 2,012 sqft
2023-10-01 59 days 1,960 sqft
2023-11-01 65 days 1,960 sqft
2023-12-01 70 days 1,958 sqft
2024-01-01 76 days 1,951 sqft
2024-02-01 69 days 1,940 sqft
2024-03-01 52 days 1,948 sqft
Killeen's median listing age (time on market) for 2024-03-01 was 52 days. This is -4% shorter than the same period one year ago.

Killeen's median square footage for active listings during the 2024-03-01 period was 1,948 sqft. One year prior, the average listing was 1,964 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.