Lubbock VA Loan Rates, Closing Costs & Stats

LUBBOCK, 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.

    Lubbock's 70 lenders originated 472 VA loans during 2024. The total origination value was $137,680,000, with an average VA loan value of $291,695.

    Lubbock VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lubbock averaged 6.48% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Lubbock's average VA mortgage closing costs are $5,989.

    The average rate for the prior week (2025-03-28) was 6.4% and one month ago for the week of 2025-02-28, the average rate was 6.58%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.98%.

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

    Lubbock 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 Lubbock level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 73 6.38% $5,851
    UNITED WHOLESALE MORTGAGE, LLC 34 5.88% $6,715
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 32 6.20% $5,232
    T2 FINANCIAL LLC 31 6.33% $5,259
    FREEDOM MORTGAGE CORPORATION 22 5.95% $5,045
    TEXAS TECH 21 6.29% $8,297
    NAVY FEDERAL CREDIT UNION 19 5.85% $3,808
    Alliance Credit Union 19 6.05% $8,176
    DHI MORTGAGE COMPANY, LTD. 17 5.12% $5,502
    USAA Federal Savings Bank 16 6.26% $6,788
    GUILD MORTGAGE COMPANY 16 5.80% $10,496
    PENNYMAC LOAN SERVICES, LLC 11 5.50% $8,685
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 6.88% $6,417
    QUICKEN LOANS, LLC 9 6.16% $7,640
    VILLAGE CAPITAL MORTGAGE 8 5.50% $6,623
    CARDINAL FINANCIAL 7 6.40% $10,849
    City Bank 6 6.19% $7,035
    GUARANTEED RATE, INC. 5 6.13% $5,220
    First United Bank 5 5.58% $13,927
    FLAT BRANCH MORTGAGE, INC. 5 6.28% $7,980
    CROSSCOUNTRY MORTGAGE, LLC 4 6.88% $3,832
    Equity Prime Mortgage LLC 4 6.81% $12,074
    PLANET HOME LENDING, LLC 4 5.78% $3,416
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.47% $9,030
    HOMESIDE FINANCIAL, LLC 3 6.67% $6,665
    Centennial Bank 3 6.54% $10,196
    Gateway First Bank 3 6.04% $7,262
    LOANDEPOT.COM, LLC 3 6.21% $16,305
    BROKER SOLUTIONS, INC. 3 6.71% $12,159
    Flagstar Bank, FSB 3 7.25% $3,739
    Barrington Bank & Trust Company, N.A. 3 6.25% $6,887
    Amarillo National Bank 3 6.46% $4,999
    NEWREZ LLC 3 5.33% $9,121
    SUN WEST MORTGAGE COMPANY, INC. 2 5.54% $2,994
    AmeriHome Mortgage Company, LLC 2 6.13% $3,625
    SeaTrust Mortgage Company 2 6.13% $13,913
    JPMorgan Chase Bank 2 6.38% $584
    PREMIA MORTGAGE, LLC 2 5.97% $3,175
    ZILLOW HOME LOANS, LLC 1 6.75% $4,377
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $5,327
    American National Bank & Trust 1 6.63% $4,079
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $7,758
    AXIA FINANCIAL, LLC 1 6.75% $6,721
    Bell Bank 1 6.00% $4,750
    BOKF 1 7.13% $15,326
    Century Mortgage Company DBA Century Lending Company 1 5.63% $2,371
    CLEARPATH LENDING 1 5.75% $9,577
    Commerce Home Mortgage, Inc. 1 6.13% $4,784
    Credence Funding Corporation 1 4.75% $5,559
    DAS Acquisition Company, LLC 1 6.13% $20,511
    DIRECTIONS EQUITY, LLC 1 5.75% $10,052
    EVANSVILLE TEACHERS 1 6.25% $5,472
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $4,939
    First Bank 1 6.50% $5,078
    First Federal Bank 1 5.75% $5,448
    Flanagan State Bank 1 6.50% $4,210
    GoPrime Mortgage, Inc. 1 5.63% $10,513
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $3,256
    Lakeview Community Capital, LLC 1 4.99% $2,574
    Mid-Continent Funding, Inc. 1 5.75% $11,514
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $10,018
    MOVEMENT MORTGAGE, LLC 1 5.63% $30,525
    NBKC BANK 1 5.63% $18,881
    PHH Mortgage Corporation 1 5.13% $6,206
    PREMIER LENDING, INC. 1 6.75% $5,941
    Prosperity Bank 1 7.25% $9,784
    SOUTHWEST FUNDING, LP 1 6.25% $2,448
    SWBC MORTGAGE CORPORATION 1 6.63% $5,649
    UNION HOME MORTGAGE CORP. 1 5.63% $5,701
    Wells Fargo Bank 1 5.88% $9,310

    The top Lubbock VA lender as defined by loan originations is Mortgage Research Center, LLC, with 73 VA loans originated. Their average total fees are $5,851, which is $864 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lubbock VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,808), FREEDOM MORTGAGE CORPORATION ($5,045), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($5,232), T2 FINANCIAL LLC ($5,259) and DHI MORTGAGE COMPANY, LTD. ($5,502).

    The lowest rate Lubbock VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.12%), PENNYMAC LOAN SERVICES, LLC (5.50%), GUILD MORTGAGE COMPANY (5.80%), NAVY FEDERAL CREDIT UNION (5.85%) and UNITED WHOLESALE MORTGAGE, LLC (5.88%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lubbock (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 $217,738 (5.7%) $272,662 (2.0%) 0.81 1,121
    2018-02-01 $227,725 (5.4%) $286,330 (2.9%) 0.83 1,091
    2018-03-01 $229,995 (-1.9%) $290,910 (0.2%) 0.81 1,080
    2018-04-01 $241,273 (-7.2%) $300,057 (-1.7%) 0.82 1,080
    2018-05-01 $239,500 (-7.9%) $296,375 (-3.8%) 0.80 1,121
    2018-06-01 $235,000 (-8.0%) $295,419 (-2.6%) 0.78 1,214
    2018-07-01 $232,450 (-5.1%) $287,781 (-2.6%) 0.78 1,282
    2018-08-01 $229,975 (-2.1%) $288,313 (0.2%) 0.77 1,293
    2018-09-01 $224,900 (-1.0%) $281,684 (-1.3%) 0.76 1,298
    2018-10-01 $218,450 (-3.8%) $275,752 (-3.2%) 0.74 1,318
    2018-11-01 $214,000 (-5.7%) $271,422 (-4.1%) 0.73 1,284
    2018-12-01 $209,950 (-6.7%) $268,410 (-4.5%) 0.72 1,256
    2019-01-01 $211,250 (-3.0%) $271,907 (-0.3%) 0.73 1,186
    2019-02-01 $216,238 (-5.0%) $275,958 (-3.6%) 0.73 1,148
    2019-03-01 $226,000 (-1.7%) $277,456 (-4.6%) 0.74 1,094
    2019-04-01 $235,450 (-2.4%) $281,875 (-6.1%) 0.75 1,043
    2019-05-01 $239,800 (0.1%) $290,136 (-2.1%) 0.75 1,029
    2019-06-01 $241,500 (2.8%) $293,664 (-0.6%) 0.75 1,035
    2019-07-01 $232,125 (-0.1%) $286,427 (-0.5%) 0.73 1,034
    2019-08-01 $222,941 (-3.1%) $275,918 (-4.3%) 0.71 1,016
    2019-09-01 $212,427 (-5.6%) $265,447 (-5.8%) 0.68 1,007
    2019-10-01 $208,288 (-4.7%) $259,554 (-5.9%) 0.67 997
    2019-11-01 $218,250 (2.0%) $263,528 (-2.9%) 0.72 982
    2019-12-01 $225,500 (7.4%) $270,247 (0.7%) 0.75 917
    2020-01-01 $226,225 (7.1%) $329,445 (21.2%) 0.76 886
    2020-02-01 $230,000 (6.4%) $279,056 (1.1%) 0.75 924
    2020-03-01 $234,900 (3.9%) $285,180 (2.8%) 0.74 919
    2020-04-01 $235,650 (0.1%) $291,164 (3.3%) 0.74 937
    2020-05-01 $242,700 (1.2%) $296,014 (2.0%) 0.74 837
    2020-06-01 $243,600 (0.9%) $301,878 (2.8%) 0.72 771
    2020-07-01 $241,275 (3.9%) $306,954 (7.2%) 0.70 753
    2020-08-01 $250,000 (12.1%) $313,230 (13.5%) 0.72 704
    2020-09-01 $250,875 (18.1%) $314,464 (18.5%) 0.72 696
    2020-10-01 $237,900 (14.2%) $296,420 (14.2%) 0.68 702
    2020-11-01 $222,475 (1.9%) $284,579 (8.0%) 0.65 667
    2020-12-01 $228,200 (1.2%) $287,124 (6.3%) 0.68 611
    2021-01-01 $249,700 (10.4%) $287,816 (-12.6%) 0.75 546
    2021-02-01 $254,885 (10.8%) $302,223 (8.3%) 0.74 448
    2021-03-01 $256,500 (9.2%) $314,927 (10.4%) 0.73 388
    2021-04-01 $291,475 (23.7%) $337,071 (15.8%) 0.79 386
    2021-05-01 $319,945 (31.8%) $358,517 (21.1%) 0.85 392
    2021-06-01 $290,250 (19.2%) $349,759 (15.9%) 0.76 475
    2021-07-01 $279,900 (16.0%) $349,806 (14.0%) 0.74 552
    2021-08-01 $287,500 (15.0%) $343,958 (9.8%) 0.77 580
    2021-09-01 $271,000 (8.0%) $329,680 (4.8%) 0.72 597
    2021-10-01 $272,000 (14.3%) $329,900 (11.3%) 0.73 583
    2021-11-01 $278,750 (25.3%) $340,153 (19.5%) 0.75 543
    2021-12-01 $285,000 (24.9%) $336,950 (17.4%) 0.77 475
    2022-01-01 $295,000 (18.1%) $339,171 (17.8%) 0.80 413
    2022-02-01 $347,000 (36.1%) $380,594 (25.9%) 0.90 343
    2022-03-01 $335,750 (30.9%) $382,629 (21.5%) 0.84 347
    2022-04-01 $345,000 (18.4%) $393,424 (16.7%) 0.82 366
    2022-05-01 $337,823 (5.6%) $383,190 (6.9%) 0.77 498
    2022-06-01 $328,750 (13.3%) $375,917 (7.5%) 0.73 596
    2022-07-01 $316,375 (13.0%) $364,360 (4.2%) 0.71 756
    2022-08-01 $312,475 (8.7%) $350,256 (1.8%) 0.72 849
    2022-09-01 $301,950 (11.4%) $348,299 (5.7%) 0.71 911
    2022-10-01 $308,780 (13.5%) $351,630 (6.6%) 0.73 955
    2022-11-01 $298,225 (7.0%) $346,370 (1.8%) 0.72 991
    2022-12-01 $292,995 (2.8%) $347,531 (3.1%) 0.72 998
    2023-01-01 $290,125 (-1.7%) $340,873 (0.5%) 0.72 974
    2023-02-01 $298,975 (-13.8%) $344,292 (-9.5%) 0.72 964
    2023-03-01 $298,650 (-11.1%) $347,609 (-9.2%) 0.70 959
    2023-04-01 $305,000 (-11.6%) $367,002 (-6.7%) 0.71 944
    2023-05-01 $298,375 (-11.7%) $362,246 (-5.5%) 0.68 1,059
    2023-06-01 $302,575 (-8.0%) $358,784 (-4.6%) 0.68 1,115
    2023-07-01 $299,900 (-5.2%) $362,173 (-0.6%) 0.68 1,177
    2023-08-01 $289,975 (-7.2%) $358,212 (2.3%) 0.67 1,236
    2023-09-01 $283,275 (-6.2%) $346,808 (-0.4%) 0.66 1,348
    2023-10-01 $270,973 (-12.2%) $337,808 (-3.9%) 0.64 1,370
    2023-11-01 $259,800 (-12.9%) $324,936 (-6.2%) 0.62 1,409
    2023-12-01 $256,000 (-12.6%) $324,863 (-6.5%) 0.62 1,328
    2024-01-01 $257,568 (-11.2%) $323,349 (-5.1%) 0.63 1,287
    2024-02-01 $259,995 (-13.0%) $323,270 (-6.1%) 0.63 1,298
    2024-03-01 $265,000 (-11.3%) $330,393 (-5.0%) 0.62 1,334
    2024-04-01 $267,125 (-12.4%) $431,897 (17.7%) 0.62 1,407
    2024-05-01 $265,450 (-11.0%) $337,292 (-6.9%) 0.60 1,618
    2024-06-01 $264,500 (-12.6%) $338,153 (-5.8%) 0.60 1,862
    2024-07-01 $258,948 (-13.7%) $335,862 (-7.3%) 0.59 2,071
    2024-08-01 $254,990 (-12.1%) $329,428 (-8.0%) 0.59 2,196
    2024-09-01 $246,698 (-12.9%) $327,983 (-5.4%) 0.58 1,689
    2024-10-01 $245,000 (-9.6%) $329,225 (-2.5%) 0.58 1,651
    2024-11-01 $248,000 (-4.5%) $332,027 (2.2%) 0.60 1,583
    2024-12-01 $249,000 (-2.7%) $333,052 (2.5%) 0.62 1,409
    2025-01-01 $250,000 (-2.9%) $335,062 (3.6%) 0.62 1,358
    2025-02-01 $250,000 (-3.8%) $336,132 (4.0%) 0.61 1,376
    2025-03-01 $258,000 (-2.6%) $337,864 (2.3%) 0.00 1,410
    Lubbock's median listing price for 2025-03-01 was $258,000, a difference of $-7,000 (-2.6%) versus the prior year and $8,000 versus the prior month.

    Lubbock's median listing price comes in at 0% of the national average.

    Lubbock's average listing price for 2025-03-01 was $337,864, a difference of $7,471 (2.3%) versus the prior year and $1,732 versus the prior month.

    For the 2025-03-01 period, Lubbock had 1,410 MLS listings, a difference of 34 listings (2%) versus the prior month and 76 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lubbock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 58 days 2,238 sqft
    2018-02-01 42 days 2,302 sqft
    2018-03-01 44 days 2,311 sqft
    2018-04-01 45 days 2,366 sqft
    2018-05-01 39 days 2,347 sqft
    2018-06-01 40 days 2,309 sqft
    2018-07-01 42 days 2,263 sqft
    2018-08-01 45 days 2,272 sqft
    2018-09-01 47 days 2,220 sqft
    2018-10-01 47 days 2,187 sqft
    2018-11-01 50 days 2,182 sqft
    2018-12-01 60 days 2,149 sqft
    2019-01-01 65 days 2,147 sqft
    2019-02-01 50 days 2,153 sqft
    2019-03-01 45 days 2,172 sqft
    2019-04-01 45 days 2,197 sqft
    2019-05-01 45 days 2,212 sqft
    2019-06-01 43 days 2,262 sqft
    2019-07-01 45 days 2,238 sqft
    2019-08-01 47 days 2,198 sqft
    2019-09-01 49 days 2,137 sqft
    2019-10-01 51 days 2,101 sqft
    2019-11-01 50 days 2,112 sqft
    2019-12-01 58 days 2,095 sqft
    2020-01-01 61 days 2,086 sqft
    2020-02-01 45 days 2,095 sqft
    2020-03-01 44 days 2,104 sqft
    2020-04-01 49 days 2,126 sqft
    2020-05-01 54 days 2,154 sqft
    2020-06-01 44 days 2,136 sqft
    2020-07-01 39 days 2,145 sqft
    2020-08-01 45 days 2,198 sqft
    2020-09-01 46 days 2,204 sqft
    2020-10-01 44 days 2,111 sqft
    2020-11-01 46 days 2,014 sqft
    2020-12-01 48 days 1,991 sqft
    2021-01-01 51 days 2,002 sqft
    2021-02-01 41 days 2,052 sqft
    2021-03-01 38 days 2,086 sqft
    2021-04-01 27 days 2,145 sqft
    2021-05-01 24 days 2,218 sqft
    2021-06-01 24 days 2,202 sqft
    2021-07-01 29 days 2,175 sqft
    2021-08-01 32 days 2,133 sqft
    2021-09-01 37 days 2,085 sqft
    2021-10-01 40 days 2,102 sqft
    2021-11-01 44 days 2,078 sqft
    2021-12-01 51 days 2,076 sqft
    2022-01-01 45 days 2,105 sqft
    2022-02-01 34 days 2,203 sqft
    2022-03-01 28 days 2,179 sqft
    2022-04-01 23 days 2,133 sqft
    2022-05-01 22 days 2,114 sqft
    2022-06-01 25 days 2,093 sqft
    2022-07-01 29 days 2,100 sqft
    2022-08-01 32 days 2,092 sqft
    2022-09-01 36 days 2,082 sqft
    2022-10-01 39 days 2,092 sqft
    2022-11-01 44 days 2,059 sqft
    2022-12-01 51 days 2,031 sqft
    2023-01-01 53 days 2,018 sqft
    2023-02-01 42 days 2,031 sqft
    2023-03-01 45 days 2,047 sqft
    2023-04-01 38 days 2,101 sqft
    2023-05-01 35 days 2,067 sqft
    2023-06-01 37 days 2,090 sqft
    2023-07-01 37 days 2,069 sqft
    2023-08-01 46 days 2,045 sqft
    2023-09-01 46 days 2,000 sqft
    2023-10-01 42 days 1,919 sqft
    2023-11-01 48 days 1,893 sqft
    2023-12-01 60 days 1,878 sqft
    2024-01-01 63 days 1,862 sqft
    2024-02-01 49 days 1,859 sqft
    2024-03-01 40 days 1,915 sqft
    2024-04-01 39 days 1,916 sqft
    2024-05-01 44 days 1,895 sqft
    2024-06-01 61 days 1,907 sqft
    2024-07-01 80 days 1,902 sqft
    2024-08-01 93 days 1,885 sqft
    2024-09-01 49 days 1,871 sqft
    2024-10-01 54 days 1,874 sqft
    2024-11-01 59 days 1,886 sqft
    2024-12-01 65 days 1,907 sqft
    2025-01-01 61 days 1,902 sqft
    2025-02-01 48 days 1,895 sqft
    2025-03-01 0 days 1,914 sqft
    Lubbock's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lubbock's median square footage for active listings during the 2025-03-01 period was 1,914 sqft. One year prior, the average listing was 1,915 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.