Levelland VA Loan Rates, Closing Costs & Stats
Levelland, 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.
Levelland's 7 lenders originated 13 VA loans during 2023. The total origination value was $2,995,000, with an average VA loan value of $230,385.
Levelland VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Levelland
averaged
0.52%
for the week of 2024-11-15, compared to the national average (all VA variants) of
0% for the same period.
Levelland's average VA mortgage closing costs are $5,193.
The average rate for the prior week (2024-11-08) was
6.52% and
one month ago for the week of 2024-10-11, the
average rate was 5.99%.
The average rate one year ago was 7.28%.
For refis of the same type during the week of 2024-11-15, the average rate
was -0.1%.
Levelland 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 Levelland level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 6 | 6.67% | $4,160 |
| QUICKEN LOANS, LLC | 2 | 6.81% | $6,269 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.50% | $10,836 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 6.13% | $14,583 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.13% | $11,313 |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 7.75% | $1,074 |
| T2 FINANCIAL LLC | 1 | 6.38% | $6,691 |
The top Levelland VA lender as defined by loan originations is Mortgage Research Center, LLC, with
6 VA loans originated. Their average total fees are
$4,160, which is $2,109
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Levelland VA lenders (with over 10 loans originated) are
.
The lowest rate Levelland VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Levelland (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 | $169,900 (-5.0%) | $191,059 (-4.8%) | 0.00 | 62 |
| 2018-02-01 | $173,650 (-1.8%) | $197,694 (-0.7%) | 0.00 | 59 |
| 2018-03-01 | $184,000 (3.0%) | $221,670 (9.7%) | 0.00 | 48 |
| 2018-04-01 | $202,450 (30.7%) | $226,264 (12.8%) | 0.00 | 51 |
| 2018-05-01 | $203,050 (35.5%) | $223,194 (12.0%) | 0.00 | 48 |
| 2018-06-01 | $207,450 (35.6%) | $221,782 (13.4%) | 0.00 | 49 |
| 2018-07-01 | $187,500 (25.1%) | $213,085 (16.5%) | 0.00 | 54 |
| 2018-08-01 | $179,800 (29.8%) | $208,413 (20.8%) | 0.00 | 55 |
| 2018-09-01 | $165,000 (11.9%) | $190,893 (10.6%) | 0.00 | 58 |
| 2018-10-01 | $165,000 (-2.9%) | $196,949 (2.8%) | 0.00 | 59 |
| 2018-11-01 | $171,975 (1.2%) | $208,456 (10.6%) | 0.00 | 56 |
| 2018-12-01 | $164,900 (-2.9%) | $201,085 (6.0%) | 0.00 | 56 |
| 2019-01-01 | $156,450 (-7.9%) | $189,173 (-1.0%) | 0.00 | 59 |
| 2019-02-01 | $147,500 (-15.1%) | $203,360 (2.9%) | 0.00 | 60 |
| 2019-03-01 | $138,557 (-24.7%) | $208,862 (-5.8%) | 0.00 | 55 |
| 2019-04-01 | $141,570 (-30.1%) | $206,669 (-8.7%) | 0.00 | 56 |
| 2019-05-01 | $143,750 (-29.2%) | $192,655 (-13.7%) | 0.00 | 46 |
| 2019-06-01 | $140,000 (-32.5%) | $187,971 (-15.2%) | 0.00 | 44 |
| 2019-07-01 | $138,750 (-26.0%) | $171,119 (-19.7%) | 0.00 | 59 |
| 2019-08-01 | $135,909 (-24.4%) | $159,699 (-23.4%) | 0.00 | 64 |
| 2019-09-01 | $129,773 (-21.4%) | $150,033 (-21.4%) | 0.00 | 63 |
| 2019-10-01 | $125,000 (-24.2%) | $151,948 (-22.9%) | 0.00 | 63 |
| 2019-11-01 | $122,250 (-28.9%) | $157,494 (-24.5%) | 0.00 | 61 |
| 2019-12-01 | $126,875 (-23.1%) | $163,996 (-18.4%) | 0.00 | 65 |
| 2020-01-01 | $125,725 (-19.6%) | $163,516 (-13.6%) | 0.00 | 64 |
| 2020-02-01 | $125,000 (-15.3%) | $162,777 (-20.0%) | 0.00 | 59 |
| 2020-03-01 | $149,900 (8.2%) | $180,595 (-13.5%) | 0.00 | 58 |
| 2020-04-01 | $147,450 (4.2%) | $165,114 (-20.1%) | 0.00 | 57 |
| 2020-05-01 | $149,950 (4.3%) | $168,274 (-12.7%) | 0.00 | 61 |
| 2020-06-01 | $151,425 (8.2%) | $164,718 (-12.4%) | 0.00 | 57 |
| 2020-07-01 | $126,450 (-8.9%) | $155,122 (-9.4%) | 0.00 | 52 |
| 2020-08-01 | $142,200 (4.6%) | $153,186 (-4.1%) | 0.00 | 51 |
| 2020-09-01 | $137,750 (6.2%) | $164,371 (9.6%) | 0.00 | 47 |
| 2020-10-01 | $143,000 (14.4%) | $171,540 (12.9%) | 0.00 | 48 |
| 2020-11-01 | $136,500 (11.7%) | $184,192 (17.0%) | 0.00 | 45 |
| 2020-12-01 | $144,250 (13.7%) | $186,822 (13.9%) | 0.00 | 47 |
| 2021-01-01 | $114,900 (-8.6%) | $177,249 (8.4%) | 0.00 | 42 |
| 2021-02-01 | $124,500 (-0.4%) | $176,670 (8.5%) | 0.00 | 36 |
| 2021-03-01 | $122,500 (-18.3%) | $159,148 (-11.9%) | 0.00 | 35 |
| 2021-04-01 | $110,000 (-25.4%) | $152,281 (-7.8%) | 0.00 | 29 |
| 2021-05-01 | $152,700 (1.8%) | $213,614 (26.9%) | 0.00 | 14 |
| 2021-06-01 | $185,000 (22.2%) | $227,084 (37.9%) | 0.00 | 22 |
| 2021-07-01 | $171,000 (35.2%) | $251,093 (61.9%) | 0.00 | 23 |
| 2021-08-01 | $172,000 (21.0%) | $260,759 (70.2%) | 0.00 | 29 |
| 2021-09-01 | $169,250 (22.9%) | $254,955 (55.1%) | 0.00 | 36 |
| 2021-10-01 | $180,000 (25.9%) | $265,265 (54.6%) | 0.00 | 37 |
| 2021-11-01 | $172,250 (26.2%) | $249,823 (35.6%) | 0.00 | 38 |
| 2021-12-01 | $172,450 (19.6%) | $245,955 (31.7%) | 0.00 | 30 |
| 2022-01-01 | $194,450 (69.2%) | $243,246 (37.2%) | 0.00 | 25 |
| 2022-02-01 | $181,425 (45.7%) | $274,671 (55.5%) | 0.00 | 21 |
| 2022-03-01 | $179,950 (46.9%) | $272,975 (71.5%) | 0.00 | 19 |
| 2022-04-01 | $193,500 (75.9%) | $295,910 (94.3%) | 0.00 | 16 |
| 2022-05-01 | $196,825 (28.9%) | $275,685 (29.1%) | 0.00 | 31 |
| 2022-06-01 | $228,500 (23.5%) | $285,641 (25.8%) | 0.00 | 35 |
| 2022-07-01 | $262,500 (53.5%) | $330,400 (31.6%) | 0.00 | 40 |
| 2022-08-01 | $242,700 (41.1%) | $270,886 (3.9%) | 0.00 | 51 |
| 2022-09-01 | $204,200 (20.7%) | $242,191 (-5.0%) | 0.00 | 55 |
| 2022-10-01 | $207,400 (15.2%) | $241,819 (-8.8%) | 0.00 | 56 |
| 2022-11-01 | $214,900 (24.8%) | $231,246 (-7.4%) | 0.00 | 57 |
| 2022-12-01 | $214,900 (24.6%) | $233,544 (-5.1%) | 0.00 | 48 |
| 2023-01-01 | $213,550 (9.8%) | $232,428 (-4.5%) | 0.00 | 47 |
| 2023-02-01 | $181,225 (-0.1%) | $219,913 (-19.9%) | 0.00 | 41 |
| 2023-03-01 | $214,225 (19.1%) | $252,408 (-7.5%) | 0.00 | 39 |
| 2023-04-01 | $223,000 (15.3%) | $286,809 (-3.1%) | 0.00 | 55 |
| 2023-05-01 | $239,450 (21.7%) | $281,831 (2.2%) | 0.00 | 65 |
| 2023-06-01 | $247,425 (8.3%) | $280,960 (-1.6%) | 0.00 | 72 |
| 2023-07-01 | $239,900 (-8.6%) | $291,408 (-11.8%) | 0.00 | 69 |
| 2023-08-01 | $231,425 (-4.7%) | $281,177 (3.8%) | 0.00 | 71 |
| 2023-09-01 | $230,200 (12.7%) | $264,586 (9.3%) | 0.00 | 84 |
| 2023-10-01 | $230,250 (11.0%) | $272,582 (12.7%) | 0.00 | 81 |
| 2023-11-01 | $224,900 (4.7%) | $271,074 (17.2%) | 0.00 | 78 |
| 2023-12-01 | $219,900 (2.3%) | $255,398 (9.4%) | 0.00 | 68 |
| 2024-01-01 | $207,250 (-3.0%) | $242,042 (4.1%) | 0.00 | 72 |
| 2024-02-01 | $219,575 (21.2%) | $250,082 (13.7%) | 0.00 | 77 |
| 2024-03-01 | $224,700 (4.9%) | $244,821 (-3.0%) | 0.00 | 65 |
| 2024-04-01 | $251,250 (12.7%) | $279,408 (-2.6%) | 0.00 | 60 |
| 2024-05-01 | $256,750 (7.2%) | $280,194 (-0.6%) | 0.00 | 66 |
| 2024-06-01 | $253,000 (2.3%) | $271,965 (-3.2%) | 0.00 | 81 |
| 2024-07-01 | $247,250 (3.1%) | $260,864 (-10.5%) | 0.00 | 86 |
| 2024-08-01 | $239,000 (3.3%) | $252,286 (-10.3%) | 0.00 | 85 |
| 2024-09-01 | $229,975 (-0.1%) | $251,458 (-5.0%) | 0.00 | 75 |
| 2024-10-01 | $227,600 (-1.2%) | $254,490 (-6.6%) | 0.00 | 67 |
Levelland's median listing price comes in at 0% of the national average.
Levelland's average listing price for 2024-10-01 was $254,490, a difference of $-18,092 (-6.6%) versus the prior year and $3,032 versus the prior month.
For the 2024-10-01 period, Levelland had 67 MLS listings, a difference of -8 listings (-11%) versus the prior month and -14 listings (-17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Levelland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,139 sqft |
| 2018-02-01 | 0 days | 2,236 sqft |
| 2018-03-01 | 0 days | 2,321 sqft |
| 2018-04-01 | 0 days | 2,311 sqft |
| 2018-05-01 | 0 days | 2,429 sqft |
| 2018-06-01 | 0 days | 2,304 sqft |
| 2018-07-01 | 0 days | 2,227 sqft |
| 2018-08-01 | 0 days | 2,126 sqft |
| 2018-09-01 | 0 days | 2,049 sqft |
| 2018-10-01 | 0 days | 2,029 sqft |
| 2018-11-01 | 0 days | 2,157 sqft |
| 2018-12-01 | 0 days | 2,148 sqft |
| 2019-01-01 | 0 days | 2,039 sqft |
| 2019-02-01 | 0 days | 1,996 sqft |
| 2019-03-01 | 0 days | 1,984 sqft |
| 2019-04-01 | 0 days | 2,033 sqft |
| 2019-05-01 | 0 days | 1,918 sqft |
| 2019-06-01 | 0 days | 1,899 sqft |
| 2019-07-01 | 0 days | 1,747 sqft |
| 2019-08-01 | 0 days | 1,722 sqft |
| 2019-09-01 | 0 days | 1,698 sqft |
| 2019-10-01 | 0 days | 1,683 sqft |
| 2019-11-01 | 0 days | 1,691 sqft |
| 2019-12-01 | 0 days | 1,789 sqft |
| 2020-01-01 | 0 days | 1,789 sqft |
| 2020-02-01 | 0 days | 1,822 sqft |
| 2020-03-01 | 0 days | 1,935 sqft |
| 2020-04-01 | 0 days | 1,865 sqft |
| 2020-05-01 | 0 days | 1,898 sqft |
| 2020-06-01 | 0 days | 1,933 sqft |
| 2020-07-01 | 0 days | 1,915 sqft |
| 2020-08-01 | 0 days | 1,911 sqft |
| 2020-09-01 | 0 days | 1,959 sqft |
| 2020-10-01 | 0 days | 1,947 sqft |
| 2020-11-01 | 0 days | 1,932 sqft |
| 2020-12-01 | 0 days | 1,936 sqft |
| 2021-01-01 | 0 days | 1,798 sqft |
| 2021-02-01 | 0 days | 1,771 sqft |
| 2021-03-01 | 0 days | 1,671 sqft |
| 2021-04-01 | 0 days | 1,612 sqft |
| 2021-05-01 | 0 days | 1,715 sqft |
| 2021-06-01 | 0 days | 2,078 sqft |
| 2021-07-01 | 0 days | 1,744 sqft |
| 2021-08-01 | 0 days | 1,930 sqft |
| 2021-09-01 | 0 days | 2,057 sqft |
| 2021-10-01 | 0 days | 2,148 sqft |
| 2021-11-01 | 0 days | 2,099 sqft |
| 2021-12-01 | 0 days | 2,064 sqft |
| 2022-01-01 | 0 days | 2,064 sqft |
| 2022-02-01 | 0 days | 1,806 sqft |
| 2022-03-01 | 0 days | 1,813 sqft |
| 2022-04-01 | 0 days | 2,305 sqft |
| 2022-05-01 | 0 days | 1,912 sqft |
| 2022-06-01 | 0 days | 2,204 sqft |
| 2022-07-01 | 0 days | 2,422 sqft |
| 2022-08-01 | 0 days | 2,332 sqft |
| 2022-09-01 | 0 days | 2,005 sqft |
| 2022-10-01 | 0 days | 2,000 sqft |
| 2022-11-01 | 0 days | 1,881 sqft |
| 2022-12-01 | 0 days | 1,869 sqft |
| 2023-01-01 | 0 days | 2,110 sqft |
| 2023-02-01 | 0 days | 1,556 sqft |
| 2023-03-01 | 0 days | 2,116 sqft |
| 2023-04-01 | 0 days | 2,103 sqft |
| 2023-05-01 | 0 days | 2,120 sqft |
| 2023-06-01 | 0 days | 2,240 sqft |
| 2023-07-01 | 0 days | 2,243 sqft |
| 2023-08-01 | 0 days | 2,234 sqft |
| 2023-09-01 | 0 days | 2,108 sqft |
| 2023-10-01 | 0 days | 2,207 sqft |
| 2023-11-01 | 0 days | 2,190 sqft |
| 2023-12-01 | 0 days | 2,120 sqft |
| 2024-01-01 | 0 days | 2,066 sqft |
| 2024-02-01 | 0 days | 2,089 sqft |
| 2024-03-01 | 0 days | 2,073 sqft |
| 2024-04-01 | 0 days | 2,150 sqft |
| 2024-05-01 | 0 days | 2,191 sqft |
| 2024-06-01 | 0 days | 2,176 sqft |
| 2024-07-01 | 0 days | 2,158 sqft |
| 2024-08-01 | 0 days | 2,108 sqft |
| 2024-09-01 | 0 days | 2,110 sqft |
| 2024-10-01 | 0 days | 2,147 sqft |
Levelland's median square footage for active listings during the 2024-10-01 period was 2,147 sqft. One year prior, the average listing was 2,207 sqft.