Laredo VA Loan Rates, Closing Costs & Stats

LAREDO, TX

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    • 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.

    Laredo's 38 lenders originated 165 VA loans during 2024. The total origination value was $50,745,000, with an average VA loan value of $307,545.

    Laredo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Laredo averaged 0.03% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Laredo's average VA mortgage closing costs are $5,370.

    The average rate for the prior week (2025-06-27) was 6.56% and one month ago for the week of 2025-05-30, the average rate was 6.59%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.09%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Laredo 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 Laredo level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 30 5.80% $8,323
    UNITED WHOLESALE MORTGAGE, LLC 30 5.80% $3,753
    Mortgage Research Center, LLC 18 6.23% $3,670
    AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.26% $10,508
    PRIMELENDING, A PLAINSCAPITAL COMPANY 10 6.21% $3,894
    QUICKEN LOANS, LLC 4 6.09% $7,029
    NAVY FEDERAL CREDIT UNION 4 6.06% $11,713
    MORTGAGE FINANCIAL SERVICES, LLC 3 5.62% $10,392
    SUMMIT FUNDING, INC. 3 6.33% $4,279
    GUILD MORTGAGE COMPANY 3 5.67% $6,454
    VILLAGE CAPITAL MORTGAGE 3 5.79% $2,492
    DIRECTIONS EQUITY, LLC 2 7.13% $7,829
    CMG MORTGAGE, INC. 2 6.50% $8,864
    Flagstar Bank, FSB 2 5.68% $4,862
    NEWREZ LLC 2 6.75% $12,981
    GUARANTEED RATE, INC. 2 6.05% $12,760
    PENNYMAC LOAN SERVICES, LLC 2 6.00% $7,463
    BROKER SOLUTIONS, INC. 2 5.93% $11,226
    Equity Prime Mortgage LLC 2 6.31% $5,036
    Wells Fargo Bank 1 5.75% $25,092
    AmeriHome Mortgage Company, LLC 1 6.63% $1,285
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $3,405
    CANOPY MORTGAGE, LLC 1 6.25% $16,516
    Century Mortgage Company DBA Century Lending Company 1 5.75% $12,351
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $1,012
    First Option Mortgage, LLC 1 6.25% $1,606
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $3,620
    Mid-Continent Funding, Inc. 1 5.75% $4,608
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $3,794
    MOVEMENT MORTGAGE, LLC 1 7.13% $4,513
    NATION ONE MORTGAGE CORPORATION 1 6.00% $17,055
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $8,005
    OCMBC, INC. 1 6.75% $7,034
    Paramount Residential Mortgage Group, Inc. 1 6.13% $15,171
    PLANET HOME LENDING, LLC 1 5.50% $5,001
    SOUTHWEST FUNDING, LP 1 6.25% $9,385
    THE MORTGAGE LINK, INC. 1 6.75% $7,937
    Waterstone Mortgage Corporation 1 6.13% $7,702

    The top Laredo VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 30 VA loans originated. Their average total fees are $8,323, which is $4,569 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Laredo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,670), UNITED WHOLESALE MORTGAGE, LLC ($3,753), PRIMELENDING, A PLAINSCAPITAL COMPANY ($3,894), FREEDOM MORTGAGE CORPORATION ($8,323) and AMERICAN PACIFIC MORTGAGE CORPORATION ($10,508).

    The lowest rate Laredo VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.80%), FREEDOM MORTGAGE CORPORATION (5.80%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.21%), Mortgage Research Center, LLC (6.23%) and AMERICAN PACIFIC MORTGAGE CORPORATION (6.26%).

    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.