Laredo VA Loan Rates, Closing Costs & Stats
LAREDO, 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.
Laredo's 33 lenders originated 119 VA loans during 2023. The total origination value was $34,635,000, with an average VA loan value of $291,050.
Laredo VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Laredo
averaged
5.91%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Laredo's average VA mortgage closing costs are $5,171.
The average rate for the prior week (2024-12-06) was
6.05% and
one month ago for the week of 2024-11-08, the
average rate was 6.44%.
The average rate one year ago was 6.39%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.98%.
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.
The top Laredo VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
21 VA loans originated. Their average total fees are
$4,952, which is $2,297
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Laredo VA lenders (with over 10 loans originated) are
Flagstar Bank, FSB ($3,234), UNITED WHOLESALE MORTGAGE, LLC ($4,952), Mortgage Research Center, LLC ($7,249), .
The lowest rate Laredo VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (5.92%), Flagstar Bank, FSB (6.07%), Mortgage Research Center, LLC (6.54%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Laredo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $179,000 (2.3%) | $222,837 (4.0%) | 0.66 | 578 |
2018-02-01 | $179,200 (2.4%) | $220,752 (3.0%) | 0.65 | 611 |
2018-03-01 | $185,000 (3.8%) | $223,385 (0.7%) | 0.65 | 598 |
2018-04-01 | $185,000 (3.4%) | $222,429 (-0.3%) | 0.63 | 588 |
2018-05-01 | $184,900 (2.7%) | $221,167 (-3.0%) | 0.62 | 566 |
2018-06-01 | $185,000 (2.8%) | $225,488 (-4.2%) | 0.62 | 577 |
2018-07-01 | $183,725 (-0.6%) | $222,046 (-6.7%) | 0.61 | 611 |
2018-08-01 | $185,000 (0.1%) | $222,995 (-5.1%) | 0.62 | 621 |
2018-09-01 | $178,000 (-3.7%) | $215,779 (-6.5%) | 0.60 | 599 |
2018-10-01 | $174,575 (-3.8%) | $210,603 (-8.5%) | 0.59 | 589 |
2018-11-01 | $175,450 (-2.5%) | $213,144 (-5.3%) | 0.59 | 567 |
2018-12-01 | $174,000 (-3.2%) | $208,682 (-6.5%) | 0.60 | 540 |
2019-01-01 | $178,500 (-0.3%) | $207,986 (-6.7%) | 0.62 | 513 |
2019-02-01 | $179,250 (0.0%) | $208,660 (-5.5%) | 0.61 | 530 |
2019-03-01 | $178,857 (-3.3%) | $211,891 (-5.2%) | 0.58 | 534 |
2019-04-01 | $179,807 (-2.8%) | $215,857 (-3.0%) | 0.57 | 507 |
2019-05-01 | $180,000 (-2.7%) | $216,069 (-2.3%) | 0.56 | 505 |
2019-06-01 | $184,900 (-0.1%) | $225,484 (0.0%) | 0.58 | 514 |
2019-07-01 | $189,000 (2.9%) | $230,521 (3.8%) | 0.59 | 533 |
2019-08-01 | $187,909 (1.6%) | $228,033 (2.3%) | 0.60 | 549 |
2019-09-01 | $186,273 (4.7%) | $224,813 (4.2%) | 0.60 | 560 |
2019-10-01 | $185,000 (6.0%) | $222,318 (5.6%) | 0.60 | 570 |
2019-11-01 | $187,000 (6.6%) | $222,081 (4.2%) | 0.61 | 552 |
2019-12-01 | $185,000 (6.3%) | $220,544 (5.7%) | 0.62 | 553 |
2020-01-01 | $185,000 (3.6%) | $220,940 (6.2%) | 0.62 | 529 |
2020-02-01 | $189,000 (5.4%) | $225,290 (8.0%) | 0.62 | 550 |
2020-03-01 | $189,950 (6.2%) | $229,897 (8.5%) | 0.60 | 555 |
2020-04-01 | $197,450 (9.8%) | $234,899 (8.8%) | 0.62 | 532 |
2020-05-01 | $195,450 (8.6%) | $230,233 (6.6%) | 0.59 | 488 |
2020-06-01 | $196,175 (6.1%) | $231,089 (2.5%) | 0.58 | 428 |
2020-07-01 | $199,600 (5.6%) | $232,793 (1.0%) | 0.58 | 403 |
2020-08-01 | $201,000 (7.0%) | $232,380 (1.9%) | 0.58 | 371 |
2020-09-01 | $206,750 (11.0%) | $232,849 (3.6%) | 0.59 | 348 |
2020-10-01 | $199,900 (8.1%) | $235,090 (5.7%) | 0.57 | 339 |
2020-11-01 | $208,550 (11.5%) | $245,934 (10.7%) | 0.61 | 287 |
2020-12-01 | $202,450 (9.4%) | $243,336 (10.3%) | 0.60 | 284 |
2021-01-01 | $200,000 (8.1%) | $238,197 (7.8%) | 0.60 | 264 |
2021-02-01 | $210,250 (11.2%) | $233,874 (3.8%) | 0.61 | 294 |
2021-03-01 | $212,450 (11.9%) | $232,264 (1.0%) | 0.60 | 307 |
2021-04-01 | $205,000 (3.8%) | $233,414 (-0.6%) | 0.55 | 297 |
2021-05-01 | $210,000 (7.4%) | $238,520 (3.6%) | 0.56 | 294 |
2021-06-01 | $215,950 (10.1%) | $246,234 (6.6%) | 0.57 | 293 |
2021-07-01 | $224,900 (12.7%) | $254,230 (9.2%) | 0.59 | 273 |
2021-08-01 | $224,900 (11.9%) | $252,892 (8.8%) | 0.60 | 268 |
2021-09-01 | $224,900 (8.8%) | $252,363 (8.4%) | 0.60 | 280 |
2021-10-01 | $224,900 (12.5%) | $259,034 (10.2%) | 0.60 | 278 |
2021-11-01 | $224,900 (7.8%) | $255,294 (3.8%) | 0.60 | 261 |
2021-12-01 | $225,574 (11.4%) | $267,166 (9.8%) | 0.61 | 269 |
2022-01-01 | $224,900 (12.5%) | $269,081 (13.0%) | 0.61 | 257 |
2022-02-01 | $229,473 (9.1%) | $271,049 (15.9%) | 0.60 | 254 |
2022-03-01 | $229,000 (7.8%) | $272,684 (17.4%) | 0.57 | 240 |
2022-04-01 | $239,000 (16.6%) | $276,335 (18.4%) | 0.57 | 243 |
2022-05-01 | $236,000 (12.4%) | $264,345 (10.8%) | 0.54 | 269 |
2022-06-01 | $239,900 (11.1%) | $275,130 (11.7%) | 0.53 | 294 |
2022-07-01 | $240,000 (6.7%) | $278,864 (9.7%) | 0.54 | 342 |
2022-08-01 | $240,000 (6.7%) | $287,853 (13.8%) | 0.55 | 374 |
2022-09-01 | $240,000 (6.7%) | $293,755 (16.4%) | 0.56 | 340 |
2022-10-01 | $239,900 (6.7%) | $281,614 (8.7%) | 0.56 | 351 |
2022-11-01 | $239,500 (6.5%) | $283,700 (11.1%) | 0.58 | 372 |
2022-12-01 | $238,500 (5.7%) | $281,772 (5.5%) | 0.59 | 389 |
2023-01-01 | $239,450 (6.5%) | $279,780 (4.0%) | 0.59 | 393 |
2023-02-01 | $240,000 (4.6%) | $272,394 (0.5%) | 0.58 | 382 |
2023-03-01 | $239,450 (4.6%) | $268,734 (-1.5%) | 0.56 | 395 |
2023-04-01 | $239,000 (0.0%) | $267,747 (-3.1%) | 0.56 | 365 |
2023-05-01 | $240,000 (1.7%) | $281,743 (6.6%) | 0.54 | 361 |
2023-06-01 | $245,250 (2.2%) | $287,869 (4.6%) | 0.55 | 372 |
2023-07-01 | $246,500 (2.7%) | $280,612 (0.6%) | 0.56 | 392 |
2023-08-01 | $245,250 (2.2%) | $288,878 (0.4%) | 0.56 | 417 |
2023-09-01 | $238,400 (-0.7%) | $278,197 (-5.3%) | 0.56 | 417 |
2023-10-01 | $236,498 (-1.4%) | $279,266 (-0.8%) | 0.56 | 431 |
2023-11-01 | $242,775 (1.4%) | $282,927 (-0.3%) | 0.58 | 442 |
2023-12-01 | $244,950 (2.7%) | $286,571 (1.7%) | 0.60 | 426 |
2024-01-01 | $245,000 (2.3%) | $287,636 (2.8%) | 0.60 | 434 |
2024-02-01 | $237,875 (-0.9%) | $278,970 (2.4%) | 0.57 | 425 |
2024-03-01 | $244,000 (1.9%) | $280,120 (4.2%) | 0.57 | 459 |
2024-04-01 | $249,750 (4.5%) | $293,462 (9.6%) | 0.58 | 456 |
2024-05-01 | $257,750 (7.4%) | $303,679 (7.8%) | 0.58 | 474 |
2024-06-01 | $255,000 (4.0%) | $299,594 (4.1%) | 0.57 | 499 |
2024-07-01 | $254,250 (3.1%) | $298,072 (6.2%) | 0.58 | 506 |
2024-08-01 | $259,000 (5.6%) | $313,367 (8.5%) | 0.60 | 515 |
2024-09-01 | $258,625 (8.5%) | $314,399 (13.0%) | 0.61 | 525 |
2024-10-01 | $257,993 (9.1%) | $324,121 (16.1%) | 0.61 | 568 |
2024-11-01 | $258,245 (6.4%) | $330,982 (17.0%) | 0.62 | 611 |
Laredo's median listing price comes in at 62% of the national average.
Laredo's average listing price for 2024-11-01 was $330,982, a difference of $48,055 (17.0%) versus the prior year and $6,861 versus the prior month.
For the 2024-11-01 period, Laredo had 611 MLS listings, a difference of 43 listings (8%) versus the prior month and 169 listings (38%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Laredo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 78 days | 1,792 sqft |
2018-02-01 | 74 days | 1,784 sqft |
2018-03-01 | 66 days | 1,830 sqft |
2018-04-01 | 68 days | 1,820 sqft |
2018-05-01 | 65 days | 1,798 sqft |
2018-06-01 | 58 days | 1,819 sqft |
2018-07-01 | 58 days | 1,812 sqft |
2018-08-01 | 59 days | 1,827 sqft |
2018-09-01 | 71 days | 1,799 sqft |
2018-10-01 | 77 days | 1,695 sqft |
2018-11-01 | 73 days | 1,702 sqft |
2018-12-01 | 72 days | 1,699 sqft |
2019-01-01 | 71 days | 1,705 sqft |
2019-02-01 | 62 days | 1,703 sqft |
2019-03-01 | 54 days | 1,704 sqft |
2019-04-01 | 59 days | 1,773 sqft |
2019-05-01 | 56 days | 1,803 sqft |
2019-06-01 | 58 days | 1,815 sqft |
2019-07-01 | 58 days | 1,872 sqft |
2019-08-01 | 56 days | 1,834 sqft |
2019-09-01 | 56 days | 1,810 sqft |
2019-10-01 | 57 days | 1,801 sqft |
2019-11-01 | 67 days | 1,813 sqft |
2019-12-01 | 73 days | 1,808 sqft |
2020-01-01 | 80 days | 1,829 sqft |
2020-02-01 | 72 days | 1,865 sqft |
2020-03-01 | 59 days | 1,868 sqft |
2020-04-01 | 69 days | 1,889 sqft |
2020-05-01 | 77 days | 1,858 sqft |
2020-06-01 | 82 days | 1,850 sqft |
2020-07-01 | 54 days | 1,818 sqft |
2020-08-01 | 45 days | 1,812 sqft |
2020-09-01 | 49 days | 1,799 sqft |
2020-10-01 | 52 days | 1,784 sqft |
2020-11-01 | 59 days | 1,782 sqft |
2020-12-01 | 64 days | 1,773 sqft |
2021-01-01 | 57 days | 1,701 sqft |
2021-02-01 | 36 days | 1,654 sqft |
2021-03-01 | 39 days | 1,706 sqft |
2021-04-01 | 47 days | 1,685 sqft |
2021-05-01 | 57 days | 1,700 sqft |
2021-06-01 | 42 days | 1,690 sqft |
2021-07-01 | 52 days | 1,709 sqft |
2021-08-01 | 57 days | 1,705 sqft |
2021-09-01 | 50 days | 1,669 sqft |
2021-10-01 | 54 days | 1,708 sqft |
2021-11-01 | 51 days | 1,702 sqft |
2021-12-01 | 44 days | 1,727 sqft |
2022-01-01 | 48 days | 1,700 sqft |
2022-02-01 | 39 days | 1,701 sqft |
2022-03-01 | 39 days | 1,703 sqft |
2022-04-01 | 37 days | 1,750 sqft |
2022-05-01 | 37 days | 1,716 sqft |
2022-06-01 | 35 days | 1,735 sqft |
2022-07-01 | 32 days | 1,731 sqft |
2022-08-01 | 40 days | 1,741 sqft |
2022-09-01 | 51 days | 1,735 sqft |
2022-10-01 | 48 days | 1,736 sqft |
2022-11-01 | 52 days | 1,735 sqft |
2022-12-01 | 60 days | 1,733 sqft |
2023-01-01 | 63 days | 1,718 sqft |
2023-02-01 | 46 days | 1,701 sqft |
2023-03-01 | 54 days | 1,700 sqft |
2023-04-01 | 57 days | 1,648 sqft |
2023-05-01 | 54 days | 1,673 sqft |
2023-06-01 | 53 days | 1,692 sqft |
2023-07-01 | 48 days | 1,726 sqft |
2023-08-01 | 47 days | 1,761 sqft |
2023-09-01 | 50 days | 1,727 sqft |
2023-10-01 | 56 days | 1,661 sqft |
2023-11-01 | 60 days | 1,686 sqft |
2023-12-01 | 68 days | 1,688 sqft |
2024-01-01 | 68 days | 1,712 sqft |
2024-02-01 | 63 days | 1,669 sqft |
2024-03-01 | 45 days | 1,680 sqft |
2024-04-01 | 44 days | 1,719 sqft |
2024-05-01 | 59 days | 1,754 sqft |
2024-06-01 | 53 days | 1,676 sqft |
2024-07-01 | 58 days | 1,682 sqft |
2024-08-01 | 66 days | 1,701 sqft |
2024-09-01 | 68 days | 1,655 sqft |
2024-10-01 | 64 days | 1,633 sqft |
2024-11-01 | 67 days | 1,656 sqft |
Laredo's median square footage for active listings during the 2024-11-01 period was 1,656 sqft. One year prior, the average listing was 1,686 sqft.