Mcallen VA Loan Rates, Closing Costs & Stats

MCALLEN-EDINBURG-MISSION, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Mcallen's 67 lenders originated 627 VA loans during 2024. The total origination value was $194,305,000, with an average VA loan value of $309,896.

    Mcallen VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mcallen 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.

    Mcallen's average VA mortgage closing costs are $5,980.

    The average rate for the prior week (2025-03-28) was 6.3% and one month ago for the week of 2025-02-28, the average rate was 6.37%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.36%.

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

    Mcallen 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 Mcallen level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 109 6.41% $5,147
    UNITED WHOLESALE MORTGAGE, LLC 52 5.83% $5,453
    CMG MORTGAGE, INC. 47 6.45% $12,192
    CORNERSTONE HOME LENDING, INC. 29 5.84% $7,323
    CROSSCOUNTRY MORTGAGE, LLC 29 6.36% $8,342
    WILLOW BEND MORTGAGE COMPANY, LLC 23 6.41% $9,886
    FREEDOM MORTGAGE CORPORATION 22 6.04% $6,829
    NAVY FEDERAL CREDIT UNION 22 5.88% $4,773
    PENNYMAC LOAN SERVICES, LLC 16 5.56% $4,926
    QUICKEN LOANS, LLC 15 5.71% $9,756
    MORTGAGE SOLUTIONS OF COLORADO, LLC 12 6.94% $2,570
    MOVEMENT MORTGAGE, LLC 12 6.32% $10,609
    DAS Acquisition Company, LLC 11 6.31% $5,660
    DIRECTIONS EQUITY, LLC 11 6.00% $6,723
    NEWREZ LLC 11 5.75% $8,088
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.09% $7,402
    HOMESIDE FINANCIAL, LLC 10 6.11% $8,089
    VILLAGE CAPITAL MORTGAGE 10 5.65% $5,807
    USAA Federal Savings Bank 9 6.18% $5,994
    GUARANTEED RATE, INC. 8 6.18% $5,433
    SOUTHWEST FUNDING, LP 6 6.57% $9,559
    Paramount Residential Mortgage Group, Inc. 6 6.23% $10,749
    U.S. Bank 6 5.75% $11,433
    Flagstar Bank, FSB 6 6.33% $4,680
    Barrington Bank & Trust Company, N.A. 6 6.16% $5,502
    PLAZA HOME MORTGAGE, INC. 6 5.92% $8,076
    CLEARPATH LENDING 6 5.40% $5,140
    Equity Prime Mortgage LLC 5 6.03% $6,485
    Nations Lending Corporation 5 7.03% $12,745
    ASCENT HOME LENDING, LLC 4 5.95% $8,810
    EUSTIS AND AMERICAN MORTGAGE COMPANY 4 6.44% $3,753
    SUN WEST MORTGAGE COMPANY, INC. 4 6.28% $5,218
    PLANET HOME LENDING, LLC 3 5.33% $4,348
    PENTAGON FEDERAL CREDIT UNION 3 6.29% $4,721
    LAKEVIEW LOAN SERVICING, LLC 3 5.62% $7,757
    Lakeview Community Capital, LLC 3 5.12% $4,612
    Gateway First Bank 3 6.31% $7,934
    UNION HOME MORTGAGE CORP. 3 6.58% $6,325
    CARDINAL FINANCIAL 3 6.67% $10,221
    MORTGAGEONE, INC. 2 6.75% $802
    BROKER SOLUTIONS, INC. 2 6.00% $16,924
    JPMorgan Chase Bank 2 6.31% $250
    NATIONS RELIABLE LENDING, LLC 2 6.38% $9,133
    Wells Fargo Bank 2 5.88% $10,631
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $5,700
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $7,114
    PHH Mortgage Corporation 1 5.99% $2,376
    Mid-Continent Funding, Inc. 1 6.13% $8,322
    LOANDEPOT.COM, LLC 1 6.75% $16,731
    INTERLINC MORTGAGE SERVICES, LLC 1 6.25% $11,535
    SeaTrust Mortgage Company 1 5.25% $5,503
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $16,398
    SENTE MORTGAGE, INC. 1 5.63% $9,277
    Sierra Pacific Mortgage Company, Inc. 1 5.50% $7,109
    HALLMARK HOME MORTGAGE, LLC 1 5.75% $15,194
    Sunflower Bank 1 6.63% $8,322
    GUILD MORTGAGE COMPANY 1 6.75% $5,981
    Texana Bank 1 5.75% $22,893
    First United Bank and Trust Company 1 6.75% $8,085
    UNITED MORTGAGE CORP 1 5.75% $13,014
    Credence Funding Corporation 1 5.88% $4,640
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.50% $22,917
    Century Mortgage Company DBA Century Lending Company 1 6.63% $4,727
    AMERISAVE MORTGAGE CORPORATION 1 5.63% $13,181
    Waterstone Mortgage Corporation 1 5.99% $8,498
    AmeriHome Mortgage Company, LLC 1 6.13% $4,519
    OCMBC, INC. 1 5.13% $11,299

    The top Mcallen VA lender as defined by loan originations is Mortgage Research Center, LLC, with 109 VA loans originated. Their average total fees are $5,147, which is $307 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Mcallen VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,570), NAVY FEDERAL CREDIT UNION ($4,773), PENNYMAC LOAN SERVICES, LLC ($4,926), Mortgage Research Center, LLC ($5,147) and UNITED WHOLESALE MORTGAGE, LLC ($5,453).

    The lowest rate Mcallen VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.56%), VILLAGE CAPITAL MORTGAGE (5.65%), QUICKEN LOANS, LLC (5.71%), NEWREZ LLC (5.75%) and UNITED WHOLESALE MORTGAGE, LLC (5.83%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mcallen (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 $189,000 (2.2%) $243,293 (-1.0%) 0.70 2,103
    2018-02-01 $189,900 (2.7%) $243,498 (-0.9%) 0.69 2,106
    2018-03-01 $189,900 (0.5%) $247,255 (0.6%) 0.67 2,105
    2018-04-01 $195,000 (4.3%) $251,653 (3.2%) 0.66 2,047
    2018-05-01 $195,250 (3.1%) $252,491 (2.8%) 0.65 2,051
    2018-06-01 $198,000 (4.2%) $251,226 (2.1%) 0.66 2,081
    2018-07-01 $195,000 (2.6%) $249,817 (0.1%) 0.65 2,060
    2018-08-01 $195,375 (3.4%) $249,455 (0.9%) 0.65 2,011
    2018-09-01 $196,450 (3.5%) $250,037 (0.2%) 0.66 1,990
    2018-10-01 $192,000 (-0.1%) $243,792 (-2.0%) 0.65 2,022
    2018-11-01 $189,935 (-2.3%) $243,436 (-2.5%) 0.64 2,084
    2018-12-01 $189,900 (0.0%) $241,472 (-1.6%) 0.66 2,050
    2019-01-01 $189,700 (0.4%) $241,879 (-0.6%) 0.66 2,014
    2019-02-01 $189,950 (0.0%) $241,573 (-0.8%) 0.64 2,078
    2019-03-01 $191,857 (1.0%) $242,273 (-2.0%) 0.63 2,109
    2019-04-01 $195,000 (0.0%) $247,171 (-1.8%) 0.62 2,042
    2019-05-01 $197,250 (1.0%) $249,232 (-1.3%) 0.62 1,994
    2019-06-01 $198,970 (0.5%) $252,527 (0.5%) 0.62 2,010
    2019-07-01 $198,250 (1.7%) $256,158 (2.5%) 0.62 2,029
    2019-08-01 $197,182 (0.9%) $256,777 (2.9%) 0.62 2,026
    2019-09-01 $195,955 (-0.3%) $257,539 (3.0%) 0.63 2,014
    2019-10-01 $195,000 (1.6%) $258,477 (6.0%) 0.63 2,005
    2019-11-01 $195,000 (2.7%) $258,292 (6.1%) 0.64 1,960
    2019-12-01 $197,500 (4.0%) $259,832 (7.6%) 0.66 1,913
    2020-01-01 $195,125 (2.9%) $258,965 (7.1%) 0.65 1,849
    2020-02-01 $195,000 (2.7%) $258,596 (7.1%) 0.64 1,882
    2020-03-01 $199,000 (3.7%) $262,597 (8.4%) 0.62 1,850
    2020-04-01 $198,725 (1.9%) $263,046 (6.4%) 0.62 1,861
    2020-05-01 $199,400 (1.1%) $264,869 (6.3%) 0.61 1,708
    2020-06-01 $209,625 (5.4%) $274,497 (8.7%) 0.62 1,450
    2020-07-01 $213,599 (7.7%) $278,648 (8.8%) 0.62 1,279
    2020-08-01 $215,000 (9.0%) $279,508 (8.9%) 0.62 1,169
    2020-09-01 $221,500 (13.0%) $286,987 (11.4%) 0.63 1,061
    2020-10-01 $228,200 (17.0%) $289,883 (12.2%) 0.65 1,093
    2020-11-01 $228,550 (17.2%) $289,765 (12.2%) 0.67 1,154
    2020-12-01 $228,000 (15.4%) $294,272 (13.3%) 0.68 1,159
    2021-01-01 $220,000 (12.8%) $294,057 (13.6%) 0.66 1,115
    2021-02-01 $225,000 (15.4%) $303,598 (17.4%) 0.66 1,043
    2021-03-01 $234,750 (18.0%) $313,695 (19.5%) 0.67 957
    2021-04-01 $239,950 (20.7%) $320,371 (21.8%) 0.65 890
    2021-05-01 $249,900 (25.3%) $336,660 (27.1%) 0.66 814
    2021-06-01 $255,250 (21.8%) $350,470 (27.7%) 0.67 796
    2021-07-01 $260,000 (21.7%) $353,322 (26.8%) 0.69 808
    2021-08-01 $262,125 (21.9%) $354,293 (26.8%) 0.70 822
    2021-09-01 $264,700 (19.5%) $352,923 (23.0%) 0.71 987
    2021-10-01 $265,000 (16.1%) $348,299 (20.2%) 0.71 997
    2021-11-01 $261,000 (14.2%) $343,329 (18.5%) 0.70 1,015
    2021-12-01 $256,975 (12.7%) $339,851 (15.5%) 0.70 1,032
    2022-01-01 $259,000 (17.7%) $340,299 (15.7%) 0.70 943
    2022-02-01 $258,950 (15.1%) $343,963 (13.3%) 0.67 929
    2022-03-01 $258,901 (10.3%) $347,182 (10.7%) 0.65 900
    2022-04-01 $258,495 (7.7%) $352,418 (10.0%) 0.62 886
    2022-05-01 $275,000 (10.0%) $359,535 (6.8%) 0.63 957
    2022-06-01 $272,500 (6.8%) $362,516 (3.4%) 0.61 1,037
    2022-07-01 $270,000 (3.9%) $359,391 (1.7%) 0.61 1,186
    2022-08-01 $275,000 (4.9%) $352,458 (-0.5%) 0.64 1,311
    2022-09-01 $269,000 (1.6%) $342,482 (-3.0%) 0.63 1,422
    2022-10-01 $275,000 (3.8%) $349,368 (0.3%) 0.65 1,456
    2022-11-01 $278,850 (6.8%) $351,377 (2.3%) 0.67 1,535
    2022-12-01 $279,900 (8.9%) $351,991 (3.6%) 0.69 1,533
    2023-01-01 $280,200 (8.2%) $353,755 (4.0%) 0.69 1,561
    2023-02-01 $283,000 (9.3%) $357,159 (3.8%) 0.68 1,562
    2023-03-01 $285,000 (10.1%) $360,221 (3.8%) 0.67 1,541
    2023-04-01 $285,510 (10.5%) $359,392 (2.0%) 0.66 1,531
    2023-05-01 $287,125 (4.4%) $355,430 (-1.1%) 0.65 1,526
    2023-06-01 $289,000 (6.1%) $355,341 (-2.0%) 0.65 1,556
    2023-07-01 $288,000 (6.7%) $349,817 (-2.7%) 0.65 1,655
    2023-08-01 $286,500 (4.2%) $347,329 (-1.5%) 0.66 1,735
    2023-09-01 $285,000 (6.0%) $342,232 (-0.1%) 0.66 1,834
    2023-10-01 $280,000 (1.8%) $337,922 (-3.3%) 0.66 1,937
    2023-11-01 $279,925 (0.4%) $336,711 (-4.2%) 0.67 2,007
    2023-12-01 $279,000 (-0.3%) $331,910 (-5.7%) 0.68 2,041
    2024-01-01 $275,000 (-1.9%) $329,659 (-6.8%) 0.67 2,129
    2024-02-01 $275,000 (-2.8%) $327,181 (-8.4%) 0.66 2,212
    2024-03-01 $278,000 (-2.5%) $329,160 (-8.6%) 0.65 2,288
    2024-04-01 $277,500 (-2.8%) $333,372 (-7.2%) 0.65 2,272
    2024-05-01 $279,000 (-2.8%) $330,387 (-7.1%) 0.63 2,331
    2024-06-01 $272,000 (-5.9%) $328,307 (-7.6%) 0.62 2,379
    2024-07-01 $272,375 (-5.4%) $324,969 (-7.1%) 0.62 2,440
    2024-08-01 $278,250 (-2.9%) $327,440 (-5.7%) 0.65 2,469
    2024-09-01 $275,000 (-3.5%) $327,628 (-4.3%) 0.65 2,592
    2024-10-01 $273,625 (-2.3%) $327,110 (-3.2%) 0.64 2,658
    2024-11-01 $270,000 (-3.6%) $324,252 (-3.7%) 0.65 2,801
    2024-12-01 $270,000 (-3.2%) $323,586 (-2.5%) 0.67 2,793
    2025-01-01 $270,000 (-1.8%) $324,078 (-1.7%) 0.67 2,723
    2025-02-01 $271,500 (-1.3%) $323,736 (-1.1%) 0.66 2,865
    2025-03-01 $270,000 (-2.9%) $322,170 (-2.1%) 0.00 2,959
    Mcallen's median listing price for 2025-03-01 was $270,000, a difference of $-8,000 (-2.9%) versus the prior year and $-1,500 versus the prior month.

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

    Mcallen's average listing price for 2025-03-01 was $322,170, a difference of $-6,990 (-2.1%) versus the prior year and $-1,566 versus the prior month.

    For the 2025-03-01 period, Mcallen had 2,959 MLS listings, a difference of 94 listings (3%) versus the prior month and 671 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mcallen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 102 days 2,121 sqft
    2018-02-01 96 days 2,112 sqft
    2018-03-01 87 days 2,119 sqft
    2018-04-01 81 days 2,155 sqft
    2018-05-01 80 days 2,171 sqft
    2018-06-01 87 days 2,177 sqft
    2018-07-01 91 days 2,166 sqft
    2018-08-01 86 days 2,125 sqft
    2018-09-01 87 days 2,131 sqft
    2018-10-01 78 days 2,071 sqft
    2018-11-01 79 days 2,062 sqft
    2018-12-01 85 days 2,051 sqft
    2019-01-01 91 days 2,033 sqft
    2019-02-01 91 days 2,022 sqft
    2019-03-01 74 days 2,006 sqft
    2019-04-01 69 days 2,015 sqft
    2019-05-01 78 days 2,024 sqft
    2019-06-01 79 days 2,058 sqft
    2019-07-01 83 days 2,045 sqft
    2019-08-01 86 days 2,041 sqft
    2019-09-01 87 days 2,027 sqft
    2019-10-01 88 days 2,018 sqft
    2019-11-01 78 days 2,016 sqft
    2019-12-01 80 days 2,047 sqft
    2020-01-01 81 days 2,012 sqft
    2020-02-01 82 days 2,000 sqft
    2020-03-01 62 days 2,034 sqft
    2020-04-01 74 days 2,007 sqft
    2020-05-01 86 days 1,994 sqft
    2020-06-01 97 days 2,021 sqft
    2020-07-01 84 days 2,066 sqft
    2020-08-01 72 days 2,022 sqft
    2020-09-01 65 days 2,100 sqft
    2020-10-01 52 days 2,112 sqft
    2020-11-01 50 days 2,100 sqft
    2020-12-01 60 days 2,028 sqft
    2021-01-01 67 days 1,979 sqft
    2021-02-01 63 days 2,001 sqft
    2021-03-01 56 days 2,027 sqft
    2021-04-01 52 days 2,054 sqft
    2021-05-01 49 days 2,100 sqft
    2021-06-01 44 days 2,080 sqft
    2021-07-01 45 days 2,076 sqft
    2021-08-01 46 days 2,065 sqft
    2021-09-01 47 days 2,075 sqft
    2021-10-01 48 days 2,043 sqft
    2021-11-01 49 days 2,023 sqft
    2021-12-01 52 days 1,993 sqft
    2022-01-01 61 days 1,972 sqft
    2022-02-01 53 days 1,945 sqft
    2022-03-01 40 days 1,892 sqft
    2022-04-01 38 days 1,892 sqft
    2022-05-01 39 days 1,966 sqft
    2022-06-01 40 days 1,984 sqft
    2022-07-01 43 days 1,927 sqft
    2022-08-01 46 days 1,898 sqft
    2022-09-01 49 days 1,852 sqft
    2022-10-01 55 days 1,858 sqft
    2022-11-01 59 days 1,880 sqft
    2022-12-01 67 days 1,896 sqft
    2023-01-01 72 days 1,899 sqft
    2023-02-01 66 days 1,902 sqft
    2023-03-01 58 days 1,901 sqft
    2023-04-01 58 days 1,894 sqft
    2023-05-01 58 days 1,871 sqft
    2023-06-01 57 days 1,882 sqft
    2023-07-01 56 days 1,875 sqft
    2023-08-01 54 days 1,868 sqft
    2023-09-01 56 days 1,847 sqft
    2023-10-01 59 days 1,835 sqft
    2023-11-01 66 days 1,810 sqft
    2023-12-01 71 days 1,800 sqft
    2024-01-01 73 days 1,774 sqft
    2024-02-01 63 days 1,758 sqft
    2024-03-01 59 days 1,769 sqft
    2024-04-01 64 days 1,781 sqft
    2024-05-01 65 days 1,784 sqft
    2024-06-01 65 days 1,755 sqft
    2024-07-01 66 days 1,736 sqft
    2024-08-01 66 days 1,762 sqft
    2024-09-01 68 days 1,750 sqft
    2024-10-01 71 days 1,736 sqft
    2024-11-01 72 days 1,726 sqft
    2024-12-01 78 days 1,716 sqft
    2025-01-01 80 days 1,717 sqft
    2025-02-01 78 days 1,712 sqft
    2025-03-01 0 days 1,710 sqft
    Mcallen'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.

    Mcallen's median square footage for active listings during the 2025-03-01 period was 1,710 sqft. One year prior, the average listing was 1,769 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.