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 181 lenders originated 4,811 VA loans during 2022. The total origination value was $1,429,735,000, with an average VA loan value of $297,180.
Killeen VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Killeen
averaged
6.48%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Killeen's average VA mortgage closing costs are $5,488.
The average rate for the prior week (2023-09-15) was
6.76% and
one month ago for the week of 2023-08-18, the
average rate was 6.64%.
The average rate one year ago was 5.61%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.68%.
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.
The top Killeen VA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
893 VA loans originated. Their average total fees are
$8,364, which is $10
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 ($2,385), VILLAGE CAPITAL MORTGAGE ($2,816), LAKEVIEW LOAN SERVICING, LLC ($3,208), Mr. Cooper ( Nationstar Mortgage ) ($3,931) and CLEARPATH LENDING ($4,588).
The lowest rate Killeen VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (2.61%), LAKEVIEW LOAN SERVICING, LLC (2.90%), Lakeview Community Capital, LLC (2.95%), PENNYMAC LOAN SERVICES, LLC (3.04%) and CLEARPATH LENDING (3.31%).
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 (8.5%) | $227,093 (12.5%) | 0.67 | 1,404 |
| 2018-04-01 | $199,913 (10.6%) | $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 | 1,441 |
| 2018-07-01 | $215,575 (20.6%) | $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 | $230,450 (11.1%) | $265,898 (8.2%) | 0.72 | 1,169 |
| 2019-06-01 | $229,900 (9.5%) | $264,718 (6.1%) | 0.72 | 1,257 |
| 2019-07-01 | $225,750 (4.7%) | $262,193 (3.8%) | 0.71 | 1,338 |
| 2019-08-01 | $226,091 (9.8%) | $261,547 (6.8%) | 0.72 | 1,346 |
| 2019-09-01 | $227,727 (8.6%) | $264,041 (9.0%) | 0.73 | 1,337 |
| 2019-10-01 | $228,818 (14.4%) | $265,703 (12.7%) | 0.74 | 1,331 |
| 2019-11-01 | $225,000 (8.7%) | $267,616 (13.8%) | 0.74 | 1,322 |
| 2019-12-01 | $220,200 (4.9%) | $261,587 (11.3%) | 0.73 | 1,274 |
| 2020-01-01 | $224,929 (6.6%) | $262,428 (10.1%) | 0.75 | 1,220 |
| 2020-02-01 | $224,950 (3.0%) | $264,489 (6.7%) | 0.74 | 1,169 |
| 2020-03-01 | $224,950 (0.3%) | $264,747 (3.6%) | 0.71 | 1,201 |
| 2020-04-01 | $229,325 (-0.3%) | $266,956 (1.8%) | 0.72 | 1,189 |
| 2020-05-01 | $234,900 (1.9%) | $276,490 (4.0%) | 0.71 | 1,033 |
| 2020-06-01 | $242,200 (5.4%) | $287,090 (8.5%) | 0.71 | 894 |
| 2020-07-01 | $244,175 (8.2%) | $288,121 (9.9%) | 0.71 | 786 |
| 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 (11.8%) | 0.72 | 535 |
| 2020-12-01 | $243,300 (10.5%) | $290,518 (11.1%) | 0.72 | 525 |
| 2021-01-01 | $245,500 (9.2%) | $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 | $226,900 (-1.1%) | $299,539 (12.2%) | 0.61 | 354 |
| 2021-05-01 | $225,000 (-4.2%) | $295,606 (6.9%) | 0.60 | 358 |
| 2021-06-01 | $228,350 (-5.7%) | $295,183 (2.8%) | 0.60 | 390 |
| 2021-07-01 | $249,900 (2.3%) | $311,573 (8.1%) | 0.66 | 485 |
| 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%) | $371,634 (27.9%) | 0.73 | 514 |
| 2021-11-01 | $275,000 (11.8%) | $393,032 (31.4%) | 0.74 | 516 |
| 2021-12-01 | $269,125 (10.6%) | $397,500 (36.8%) | 0.73 | 486 |
| 2022-01-01 | $273,120 (11.3%) | $414,343 (38.2%) | 0.74 | 376 |
| 2022-02-01 | $283,875 (21.2%) | $423,264 (41.3%) | 0.74 | 329 |
| 2022-03-01 | $276,000 (22.9%) | $412,366 (38.2%) | 0.69 | 355 |
| 2022-04-01 | $292,500 (28.9%) | $444,274 (48.3%) | 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%) | $431,023 (30.9%) | 0.72 | 1,178 |
| 2022-09-01 | $310,000 (19.4%) | $418,165 (20.8%) | 0.72 | 1,291 |
| 2022-10-01 | $315,000 (14.6%) | $414,405 (11.5%) | 0.74 | 1,390 |
| 2022-11-01 | $313,700 (14.1%) | $405,822 (3.3%) | 0.75 | 1,474 |
| 2022-12-01 | $308,400 (14.6%) | $399,714 (0.6%) | 0.76 | 1,464 |
| 2023-01-01 | $309,950 (13.5%) | $399,616 (-3.6%) | 0.77 | 1,365 |
| 2023-02-01 | $310,900 (9.5%) | $398,797 (-5.8%) | 0.75 | 1,300 |
| 2023-03-01 | $315,000 (14.1%) | $402,813 (-2.3%) | 0.74 | 1,305 |
| 2023-04-01 | $329,650 (12.7%) | $416,268 (-6.3%) | 0.77 | 1,269 |
| 2023-05-01 | $333,251 (8.9%) | $431,702 (-3.3%) | 0.75 | 1,334 |
| 2023-06-01 | $329,900 (5.1%) | $421,683 (-7.9%) | 0.74 | 1,460 |
| 2023-07-01 | $325,000 (3.3%) | $417,208 (-6.1%) | 0.74 | 1,620 |
| 2023-08-01 | $325,000 (4.6%) | $417,987 (-3.0%) | 0.75 | 1,687 |
Killeen's median listing price comes in at 75% of the national average.
Killeen's average listing price for 2023-08-01 was $417,987, a difference of $-13,036 (-3.0%) versus the prior year and $779 versus the prior month.
For the 2023-08-01 period, Killeen had 1,687 MLS listings, a difference of 67 listings (4%) versus the prior month and 509 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 | 2,139 sqft |
| 2019-06-01 | 40 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 | 70 days | 2,056 sqft |
| 2020-02-01 | 64 days | 2,037 sqft |
| 2020-03-01 | 53 days | 2,036 sqft |
| 2020-04-01 | 59 days | 2,055 sqft |
| 2020-05-01 | 72 days | 2,088 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 | 1,906 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 | 1,929 sqft |
| 2021-11-01 | 42 days | 1,931 sqft |
| 2021-12-01 | 53 days | 1,904 sqft |
| 2022-01-01 | 61 days | 1,931 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 | 1,937 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 | 1,972 sqft |
| 2022-10-01 | 47 days | 1,982 sqft |
| 2022-11-01 | 55 days | 1,961 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 | 1,963 sqft |
| 2023-04-01 | 49 days | 1,984 sqft |
| 2023-05-01 | 46 days | 2,029 sqft |
| 2023-06-01 | 45 days | 2,019 sqft |
| 2023-07-01 | 51 days | 2,011 sqft |
| 2023-08-01 | 55 days | 2,007 sqft |
Killeen's median square footage for active listings during the 2023-08-01 period was 2,007 sqft. One year prior, the average listing was 1,982 sqft.