Lubbock VA Loan Rates, Closing Costs & Stats
LUBBOCK, 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.
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
0.22%
for the week of 2025-07-04, compared to the national average (all VA variants) of
0% for the same period.
Lubbock's average VA mortgage closing costs are $5,989.
The average rate for the prior week (2025-06-27) was
6.45% and
one month ago for the week of 2025-05-30, the
average rate was 6.58%.
The average rate one year ago was 6.99%.
For refis of the same type during the week of 2025-07-04, the average rate
was 0.22%.
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%).
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.