Mount Pleasant VA Loan Rates, Closing Costs & Stats

Mount Pleasant, 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.

Mount Pleasant's 17 lenders originated 30 VA loans during 2023. The total origination value was $10,830,000, with an average VA loan value of $361,000.

Mount Pleasant VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Mount Pleasant averaged 6.13% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

Mount Pleasant's average VA mortgage closing costs are $6,038.

The average rate for the prior week (2024-12-06) was 6.27% and one month ago for the week of 2024-11-08, the average rate was 6.36%.

The average rate one year ago was 6.51%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.18%.

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

Mount Pleasant 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 Mount Pleasant level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 9 7.11% $5,472
UNITED WHOLESALE MORTGAGE, LLC 4 6.54% $5,226
PENNYMAC LOAN SERVICES, LLC 2 5.44% $4,851
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.62% $9,979
DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $6,279
GERSHMAN INVESTMENT CORP. 1 5.88% $1,622
GUARANTEED RATE, INC. 1 6.25% $12,516
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $7,931
INTERLINC MORTGAGE SERVICES, LLC 1 5.50% $2,282
MORTGAGE FINANCIAL SERVICES, LLC 1 5.75% $18,077
NAVY FEDERAL CREDIT UNION 1 4.88% $3,530
QUICKEN LOANS, LLC 1 6.13% $10,066
SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $8,887
Guaranty Bank & Trust, N.A. 1 6.63% $2,678
Barrington Bank & Trust Company, N.A. 1 6.13% $14,607
BNC National Bank 1 5.25% $4,945
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $9,735

The top Mount Pleasant VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $5,472, which is $246 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Mount Pleasant VA lenders (with over 10 loans originated) are .

The lowest rate Mount Pleasant VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mount Pleasant (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 $181,950 (4.0%) $313,834 (-2.2%) 0.00 219
2018-02-01 $194,700 (8.8%) $316,703 (-2.9%) 0.00 224
2018-03-01 $189,900 (1.5%) $312,552 (-5.7%) 0.00 249
2018-04-01 $217,400 (16.6%) $330,412 (0.8%) 0.00 251
2018-05-01 $227,450 (26.4%) $340,051 (4.3%) 0.00 265
2018-06-01 $229,900 (23.9%) $329,271 (6.4%) 0.00 266
2018-07-01 $222,400 (19.3%) $332,738 (7.4%) 0.00 238
2018-08-01 $219,650 (13.2%) $334,607 (5.4%) 0.00 227
2018-09-01 $229,950 (19.5%) $360,105 (14.1%) 0.00 234
2018-10-01 $230,450 (14.4%) $369,597 (13.2%) 0.00 227
2018-11-01 $224,975 (22.0%) $378,408 (18.3%) 0.00 211
2018-12-01 $229,900 (24.4%) $371,238 (18.4%) 0.00 192
2019-01-01 $227,475 (25.0%) $395,642 (26.1%) 0.00 183
2019-02-01 $226,175 (16.2%) $395,639 (24.9%) 0.00 174
2019-03-01 $244,450 (28.7%) $401,377 (28.4%) 0.00 171
2019-04-01 $244,450 (12.4%) $400,381 (21.2%) 0.00 170
2019-05-01 $270,700 (19.0%) $422,098 (24.1%) 0.00 173
2019-06-01 $250,000 (8.7%) $412,741 (25.4%) 0.00 167
2019-07-01 $229,100 (3.0%) $319,615 (-3.9%) 0.00 149
2019-08-01 $227,070 (3.4%) $332,978 (-0.5%) 0.00 148
2019-09-01 $223,501 (-2.8%) $341,717 (-5.1%) 0.00 149
2019-10-01 $233,209 (1.2%) $346,397 (-6.3%) 0.00 145
2019-11-01 $222,450 (-1.1%) $284,495 (-24.8%) 0.00 125
2019-12-01 $248,225 (8.0%) $294,307 (-20.7%) 0.00 114
2020-01-01 $242,450 (6.6%) $285,636 (-27.8%) 0.00 109
2020-02-01 $239,900 (6.1%) $289,359 (-26.9%) 0.00 126
2020-03-01 $223,850 (-8.4%) $274,328 (-31.7%) 0.00 128
2020-04-01 $216,000 (-11.6%) $263,888 (-34.1%) 0.00 138
2020-05-01 $217,000 (-19.8%) $273,805 (-35.1%) 0.00 132
2020-06-01 $229,225 (-8.3%) $295,057 (-28.5%) 0.00 119
2020-07-01 $225,000 (-1.8%) $298,435 (-6.6%) 0.00 111
2020-08-01 $227,000 (0.0%) $300,622 (-9.7%) 0.00 95
2020-09-01 $238,125 (6.5%) $313,792 (-8.2%) 0.00 82
2020-10-01 $239,000 (2.5%) $321,342 (-7.2%) 0.00 78
2020-11-01 $225,000 (1.2%) $327,865 (15.2%) 0.00 74
2020-12-01 $232,175 (-6.5%) $328,168 (11.5%) 0.00 74
2021-01-01 $249,999 (3.1%) $378,630 (32.6%) 0.00 71
2021-02-01 $248,225 (3.5%) $466,602 (61.3%) 0.00 67
2021-03-01 $254,900 (13.9%) $419,669 (53.0%) 0.00 58
2021-04-01 $246,250 (14.0%) $394,062 (49.3%) 0.00 57
2021-05-01 $272,400 (25.5%) $402,474 (47.0%) 0.00 54
2021-06-01 $271,225 (18.3%) $408,752 (38.5%) 0.00 53
2021-07-01 $270,400 (20.2%) $389,879 (30.6%) 0.00 56
2021-08-01 $257,033 (13.2%) $374,272 (24.5%) 0.00 68
2021-09-01 $267,625 (12.4%) $430,711 (37.3%) 0.00 77
2021-10-01 $268,500 (12.3%) $444,612 (38.4%) 0.00 78
2021-11-01 $277,450 (23.3%) $407,428 (24.3%) 0.00 68
2021-12-01 $308,250 (32.8%) $423,270 (29.0%) 0.00 68
2022-01-01 $314,000 (25.6%) $453,340 (19.7%) 0.00 66
2022-02-01 $303,000 (22.1%) $451,751 (-3.2%) 0.00 59
2022-03-01 $326,225 (28.0%) $526,900 (25.6%) 0.00 60
2022-04-01 $359,500 (46.0%) $585,176 (48.5%) 0.00 66
2022-05-01 $340,000 (24.8%) $520,560 (29.3%) 0.00 84
2022-06-01 $349,225 (28.8%) $508,782 (24.5%) 0.00 97
2022-07-01 $334,990 (23.9%) $503,745 (29.2%) 0.00 113
2022-08-01 $334,945 (30.3%) $467,227 (24.8%) 0.00 130
2022-09-01 $349,175 (30.5%) $449,445 (4.4%) 0.00 128
2022-10-01 $266,900 (-0.6%) $408,153 (-8.2%) 0.00 146
2022-11-01 $266,900 (-3.8%) $397,040 (-2.6%) 0.00 140
2022-12-01 $266,900 (-13.4%) $399,060 (-5.7%) 0.00 132
2023-01-01 $288,750 (-8.0%) $387,834 (-14.5%) 0.00 129
2023-02-01 $289,000 (-4.6%) $396,500 (-12.2%) 0.00 129
2023-03-01 $309,500 (-5.1%) $422,274 (-19.9%) 0.00 135
2023-04-01 $345,000 (-4.0%) $503,987 (-13.9%) 0.00 148
2023-05-01 $342,000 (0.6%) $532,149 (2.2%) 0.00 153
2023-06-01 $364,950 (4.5%) $534,106 (5.0%) 0.00 159
2023-07-01 $347,450 (3.7%) $521,127 (3.5%) 0.00 170
2023-08-01 $338,975 (1.2%) $502,339 (7.5%) 0.00 171
2023-09-01 $335,000 (-4.1%) $488,198 (8.6%) 0.00 165
2023-10-01 $349,950 (31.1%) $471,758 (15.6%) 0.00 155
2023-11-01 $349,950 (31.1%) $483,670 (21.8%) 0.00 146
2023-12-01 $350,000 (31.1%) $487,257 (22.1%) 0.00 139
2024-01-01 $338,675 (17.3%) $481,762 (24.2%) 0.00 139
2024-02-01 $329,000 (13.8%) $486,991 (22.8%) 0.00 151
2024-03-01 $329,450 (6.5%) $490,503 (16.2%) 0.00 159
2024-04-01 $324,975 (-5.8%) $482,807 (-4.2%) 0.00 183
2024-05-01 $326,000 (-4.7%) $477,339 (-10.3%) 0.00 201
2024-06-01 $327,000 (-10.4%) $472,520 (-11.5%) 0.00 210
2024-07-01 $325,000 (-6.5%) $469,740 (-9.9%) 0.00 210
2024-08-01 $329,000 (-2.9%) $449,097 (-10.6%) 0.00 206
2024-09-01 $343,650 (2.6%) $465,026 (-4.8%) 0.00 197
2024-10-01 $342,425 (-2.2%) $455,142 (-3.5%) 0.00 194
2024-11-01 $304,999 (-12.8%) $428,064 (-11.5%) 0.00 207
Mount Pleasant's median listing price for 2024-11-01 was $304,999, a difference of $-44,951 (-12.8%) versus the prior year and $-37,426 versus the prior month.

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

Mount Pleasant's average listing price for 2024-11-01 was $428,064, a difference of $-55,606 (-11.5%) versus the prior year and $-27,078 versus the prior month.

For the 2024-11-01 period, Mount Pleasant had 207 MLS listings, a difference of 13 listings (7%) versus the prior month and 61 listings (42%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mount Pleasant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,126 sqft
2018-02-01 0 days 2,201 sqft
2018-03-01 0 days 2,136 sqft
2018-04-01 0 days 2,198 sqft
2018-05-01 0 days 2,212 sqft
2018-06-01 0 days 2,223 sqft
2018-07-01 0 days 2,257 sqft
2018-08-01 0 days 2,276 sqft
2018-09-01 0 days 2,329 sqft
2018-10-01 0 days 2,284 sqft
2018-11-01 0 days 2,262 sqft
2018-12-01 0 days 2,247 sqft
2019-01-01 0 days 2,240 sqft
2019-02-01 0 days 2,245 sqft
2019-03-01 0 days 2,221 sqft
2019-04-01 0 days 2,190 sqft
2019-05-01 0 days 2,319 sqft
2019-06-01 0 days 2,310 sqft
2019-07-01 0 days 2,191 sqft
2019-08-01 0 days 2,199 sqft
2019-09-01 0 days 2,174 sqft
2019-10-01 0 days 2,236 sqft
2019-11-01 0 days 2,253 sqft
2019-12-01 0 days 2,296 sqft
2020-01-01 0 days 2,204 sqft
2020-02-01 0 days 2,253 sqft
2020-03-01 0 days 2,080 sqft
2020-04-01 0 days 2,029 sqft
2020-05-01 0 days 2,075 sqft
2020-06-01 0 days 2,188 sqft
2020-07-01 0 days 2,254 sqft
2020-08-01 0 days 2,252 sqft
2020-09-01 0 days 2,370 sqft
2020-10-01 0 days 2,238 sqft
2020-11-01 0 days 2,194 sqft
2020-12-01 0 days 2,170 sqft
2021-01-01 0 days 2,258 sqft
2021-02-01 0 days 2,396 sqft
2021-03-01 0 days 2,264 sqft
2021-04-01 0 days 2,345 sqft
2021-05-01 0 days 2,339 sqft
2021-06-01 0 days 2,071 sqft
2021-07-01 0 days 2,097 sqft
2021-08-01 0 days 2,084 sqft
2021-09-01 0 days 2,012 sqft
2021-10-01 0 days 1,992 sqft
2021-11-01 0 days 2,067 sqft
2021-12-01 0 days 2,090 sqft
2022-01-01 0 days 2,058 sqft
2022-02-01 0 days 2,000 sqft
2022-03-01 0 days 2,008 sqft
2022-04-01 0 days 2,000 sqft
2022-05-01 0 days 2,000 sqft
2022-06-01 0 days 2,009 sqft
2022-07-01 0 days 2,024 sqft
2022-08-01 0 days 2,000 sqft
2022-09-01 0 days 2,000 sqft
2022-10-01 0 days 1,753 sqft
2022-11-01 0 days 1,771 sqft
2022-12-01 0 days 1,782 sqft
2023-01-01 0 days 1,796 sqft
2023-02-01 0 days 1,753 sqft
2023-03-01 0 days 1,888 sqft
2023-04-01 0 days 2,074 sqft
2023-05-01 0 days 2,055 sqft
2023-06-01 0 days 2,063 sqft
2023-07-01 0 days 2,069 sqft
2023-08-01 0 days 2,078 sqft
2023-09-01 0 days 2,065 sqft
2023-10-01 0 days 2,023 sqft
2023-11-01 0 days 2,009 sqft
2023-12-01 0 days 2,009 sqft
2024-01-01 0 days 2,002 sqft
2024-02-01 0 days 1,985 sqft
2024-03-01 0 days 2,006 sqft
2024-04-01 0 days 2,004 sqft
2024-05-01 0 days 2,015 sqft
2024-06-01 0 days 2,019 sqft
2024-07-01 0 days 2,010 sqft
2024-08-01 0 days 1,960 sqft
2024-09-01 0 days 1,950 sqft
2024-10-01 0 days 1,921 sqft
2024-11-01 0 days 1,855 sqft
Mount Pleasant's median listing age (time on market) for 2024-11-01 was 0 days.

Mount Pleasant's median square footage for active listings during the 2024-11-01 period was 1,855 sqft. One year prior, the average listing was 2,009 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.