Lufkin VA Loan Rates, Closing Costs & Stats

Lufkin, 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.

    Lufkin's 33 lenders originated 103 VA loans during 2024. The total origination value was $28,355,000, with an average VA loan value of $275,291.

    Lufkin VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lufkin averaged 0.41% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Lufkin's average VA mortgage closing costs are $6,010.

    The average rate for the prior week (2025-06-13) was 6.86% and one month ago for the week of 2025-05-16, the average rate was 7.12%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

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

    Lufkin 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 Lufkin level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 24 6.61% $4,320
    FREEDOM MORTGAGE CORPORATION 9 6.08% $7,979
    NAVY FEDERAL CREDIT UNION 6 5.73% $5,337
    UNITED WHOLESALE MORTGAGE, LLC 5 6.15% $6,372
    QUICKEN LOANS, LLC 5 6.47% $15,923
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.96% $6,701
    VILLAGE CAPITAL MORTGAGE 3 6.12% $7,854
    Commercial Bank of Texas 3 6.04% $6,683
    NATIONS RELIABLE LENDING, LLC 3 6.00% $11,933
    PENNYMAC LOAN SERVICES, LLC 3 5.37% $6,458
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.13% $2,698
    USAA Federal Savings Bank 2 5.81% $14,533
    PLAZA HOME MORTGAGE, INC. 2 7.25% $8,987
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $6,982
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $8,934
    First National Bank Texas 1 5.75% $6,132
    MOVEMENT MORTGAGE, LLC 1 5.75% $5,057
    VAN DYK MORTGAGE CORPORATION 1 7.13% $5,075
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.25% $4,139
    NEW DAY FINANCIAL, LLC 1 6.49% $9,032
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,623
    PLANET HOME LENDING, LLC 1 6.75% $5,830
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $4,312
    DHI MORTGAGE COMPANY, LTD. 1 5.63% $9,645
    STOCKTON MORTGAGE CORPORATION 1 5.75% $25,183
    T2 FINANCIAL LLC 1 6.75% $4,935
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $5,757
    HALLMARK HOME MORTGAGE, LLC 1 6.63% $9,897
    HomePromise Corporation 1 6.75% $20,424
    GUARANTEED RATE, INC. 1 6.25% $1,928
    HOMESIDE FINANCIAL, LLC 1 7.38% $4,649
    LOANDEPOT.COM, LLC 1 7.25% $23,502
    Mid-Continent Funding, Inc. 1 5.38% $6,453

    The top Lufkin VA lender as defined by loan originations is Mortgage Research Center, LLC, with 24 VA loans originated. Their average total fees are $4,320, which is $3,659 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Lufkin VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,320), .

    The lowest rate Lufkin VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.61%), .

    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.