Mount Pleasant VA Loan Rates, Closing Costs & Stats

Mount Pleasant, 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.

    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 6.58% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

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

    The average rate for the prior week (2024-06-07) was 6.55% and one month ago for the week of 2024-05-10, the average rate was 6.76%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2024-06-14, the average rate was 6.32%.

    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
    Mount Pleasant's median listing price for 2024-05-01 was $326,000, a difference of $-16,000 (-4.7%) versus the prior year and $1,025 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 2024-05-01 was $477,339, a difference of $-54,810 (-10.3%) versus the prior year and $-5,468 versus the prior month.

    For the 2024-05-01 period, Mount Pleasant had 201 MLS listings, a difference of 18 listings (10%) versus the prior month and 48 listings (31%) 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
    Mount Pleasant's median listing age (time on market) for 2024-05-01 was 0 days.

    Mount Pleasant's median square footage for active listings during the 2024-05-01 period was 2,015 sqft. One year prior, the average listing was 2,055 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.