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 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 6.69% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Laredo's average VA mortgage closing costs are $5,171.

    The average rate for the prior week (2024-04-12) was 6.62% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 21 5.92% $4,952
    Mortgage Research Center, LLC 17 6.54% $7,249
    Flagstar Bank, FSB 11 6.07% $3,234
    FREEDOM MORTGAGE CORPORATION 9 5.88% $4,546
    MOVEMENT MORTGAGE, LLC 6 6.08% $10,093
    NAVY FEDERAL CREDIT UNION 5 5.80% $5,103
    Paramount Residential Mortgage Group, Inc. 4 6.06% $4,057
    THE MORTGAGE LINK, INC. 4 6.88% $7,562
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.50% $14,131
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.67% $7,159
    CMG MORTGAGE, INC. 3 6.33% $7,927
    AMCAP MORTGAGE, LTD. 2 7.11% $9,803
    PENNYMAC LOAN SERVICES, LLC 2 5.44% $8,668
    QUICKEN LOANS, LLC 2 6.50% $17,699
    UNION HOME MORTGAGE CORP. 2 6.50% $9,086
    LOANDEPOT.COM, LLC 1 6.25% $10,744
    Equity Prime Mortgage LLC 1 8.25% $1,443
    VILLAGE CAPITAL MORTGAGE 1 6.38% $10,323
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $17,989
    PNC Bank 1 5.75% $2,607
    ENVOY MORTGAGE, LTD 1 7.63% $5,066
    Waterstone Mortgage Corporation 1 6.13% $22,650
    S1L, Inc. 1 6.25% $4,165
    SFMC, LP 1 5.75% $5,690
    SUN WEST MORTGAGE COMPANY, INC. 1 6.47% $6,883
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $150
    Wells Fargo Bank 1 4.50% $0
    CHERRY CREEK MORTGAGE, LLC 1 5.25% $875
    USAA Federal Savings Bank 1 6.25% $9,021
    VAN DYK MORTGAGE CORPORATION 1 5.75% $9,766
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    MORTGAGEONE, INC. 1 6.38% $10,549
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $6,788

    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. Louis
    Date 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
    Laredo's median listing price for 2024-03-01 was $244,000, a difference of $4,550 (1.9%) versus the prior year and $6,125 versus the prior month.

    Laredo's median listing price comes in at 57% of the national average.

    Laredo's average listing price for 2024-03-01 was $280,120, a difference of $11,386 (4.2%) versus the prior year and $1,150 versus the prior month.

    For the 2024-03-01 period, Laredo had 459 MLS listings, a difference of 34 listings (8%) versus the prior month and 64 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Laredo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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
    Laredo's median listing age (time on market) for 2024-03-01 was 45 days. This is -17% shorter than the same period one year ago.

    Laredo's median square footage for active listings during the 2024-03-01 period was 1,680 sqft. One year prior, the average listing was 1,700 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.