Palestine VA Loan Rates, Closing Costs & Stats

Palestine, 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.

    Palestine's 19 lenders originated 41 VA loans during 2023. The total origination value was $10,245,000, with an average VA loan value of $249,878.

    Palestine VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Palestine averaged 6.71% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Palestine's average VA mortgage closing costs are $5,927.

    The average rate for the prior week (2025-02-07) was 6.74% and one month ago for the week of 2025-01-10, the average rate was 6.98%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.43%.

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

    Palestine 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 Palestine level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.79% $6,236
    Commercial Bank of Texas 4 6.63% $3,835
    NAVY FEDERAL CREDIT UNION 3 6.33% $6,102
    UNITED WHOLESALE MORTGAGE, LLC 2 6.87% $2,740
    SFMC, LP 2 6.87% $8,882
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $4,617
    CMG MORTGAGE, INC. 2 6.75% $6,831
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $874
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $12,960
    QUICKEN LOANS, LLC 1 6.99% $5,123
    Trinity Oaks Mortgage, LLC 1 6.75% $8,232
    CARDINAL FINANCIAL 1 7.25% $6,790
    USAA Federal Savings Bank 1 5.75% $3,931
    DAS Acquisition Company, LLC 1 7.99% $10,651
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,371
    GENEVA FINANCIAL, LLC 1 6.75% $6,535
    GUARANTEED RATE, INC. 1 6.38% $675
    GUILD MORTGAGE COMPANY 1 6.38% $3,761
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.99% $6,587

    The top Palestine VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $6,236, which is $2,401 higher than the next largest lender, Commercial Bank of Texas.

    The lowest fee Palestine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,236), .

    The lowest rate Palestine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.79%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Palestine (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 $154,750 (2.4%) $219,407 (3.3%) 0.00 138
    2018-02-01 $147,750 (2.9%) $224,302 (4.0%) 0.00 131
    2018-03-01 $146,750 (1.2%) $206,654 (-2.1%) 0.00 130
    2018-04-01 $147,000 (5.4%) $225,290 (10.0%) 0.00 132
    2018-05-01 $165,000 (16.0%) $258,184 (18.4%) 0.00 142
    2018-06-01 $159,500 (6.3%) $251,422 (7.5%) 0.00 164
    2018-07-01 $160,000 (0.3%) $258,609 (5.1%) 0.00 166
    2018-08-01 $163,000 (1.1%) $252,559 (1.4%) 0.00 159
    2018-09-01 $160,000 (-7.5%) $245,827 (-3.9%) 0.00 168
    2018-10-01 $165,000 (2.0%) $259,139 (0.0%) 0.00 166
    2018-11-01 $164,950 (-0.9%) $267,385 (7.8%) 0.00 156
    2018-12-01 $169,500 (5.9%) $273,077 (26.5%) 0.00 160
    2019-01-01 $169,000 (9.2%) $265,326 (20.9%) 0.00 152
    2019-02-01 $165,950 (12.3%) $255,102 (13.7%) 0.00 152
    2019-03-01 $168,250 (14.7%) $256,607 (24.2%) 0.00 160
    2019-04-01 $166,125 (13.0%) $257,044 (14.1%) 0.00 172
    2019-05-01 $169,575 (2.8%) $266,257 (3.1%) 0.00 180
    2019-06-01 $170,500 (6.9%) $279,831 (11.3%) 0.00 180
    2019-07-01 $159,950 (0.0%) $229,826 (-11.1%) 0.00 155
    2019-08-01 $158,027 (-3.1%) $235,301 (-6.8%) 0.00 148
    2019-09-01 $161,893 (1.2%) $248,177 (1.0%) 0.00 146
    2019-10-01 $162,020 (-1.8%) $251,735 (-2.9%) 0.00 144
    2019-11-01 $158,000 (-4.2%) $252,895 (-5.4%) 0.00 131
    2019-12-01 $159,500 (-5.9%) $240,482 (-11.9%) 0.00 120
    2020-01-01 $154,500 (-8.6%) $236,290 (-10.9%) 0.00 112
    2020-02-01 $155,000 (-6.6%) $232,804 (-8.7%) 0.00 104
    2020-03-01 $159,600 (-5.1%) $228,623 (-10.9%) 0.00 109
    2020-04-01 $167,450 (0.8%) $245,170 (-4.6%) 0.00 94
    2020-05-01 $177,450 (4.6%) $255,486 (-4.1%) 0.00 77
    2020-06-01 $191,200 (12.1%) $273,512 (-2.3%) 0.00 71
    2020-07-01 $202,125 (26.4%) $275,004 (19.7%) 0.00 71
    2020-08-01 $198,500 (25.6%) $261,654 (11.2%) 0.00 67
    2020-09-01 $182,100 (12.5%) $239,413 (-3.5%) 0.00 68
    2020-10-01 $185,200 (14.3%) $250,010 (-0.7%) 0.00 75
    2020-11-01 $195,000 (23.4%) $248,107 (-1.9%) 0.00 75
    2020-12-01 $192,475 (20.7%) $243,461 (1.2%) 0.00 73
    2021-01-01 $192,400 (24.5%) $236,210 (0.0%) 0.00 59
    2021-02-01 $189,475 (22.2%) $252,253 (8.4%) 0.00 57
    2021-03-01 $215,625 (35.1%) $269,437 (17.9%) 0.00 42
    2021-04-01 $217,225 (29.7%) $263,350 (7.4%) 0.00 37
    2021-05-01 $222,500 (25.4%) $282,839 (10.7%) 0.00 42
    2021-06-01 $216,000 (13.0%) $274,368 (0.3%) 0.00 41
    2021-07-01 $198,500 (-1.8%) $266,105 (-3.2%) 0.00 56
    2021-08-01 $190,600 (-4.0%) $255,334 (-2.4%) 0.00 70
    2021-09-01 $244,500 (34.3%) $280,737 (17.3%) 0.00 79
    2021-10-01 $250,000 (35.0%) $312,204 (24.9%) 0.00 80
    2021-11-01 $251,000 (28.7%) $324,861 (30.9%) 0.00 78
    2021-12-01 $242,000 (25.7%) $300,542 (23.5%) 0.00 74
    2022-01-01 $272,450 (41.6%) $319,352 (35.2%) 0.00 58
    2022-02-01 $232,250 (22.6%) $265,429 (5.2%) 0.00 61
    2022-03-01 $213,375 (-1.0%) $271,380 (0.7%) 0.00 53
    2022-04-01 $234,500 (8.0%) $299,275 (13.6%) 0.00 62
    2022-05-01 $198,000 (-11.0%) $263,997 (-6.7%) 0.00 80
    2022-06-01 $184,250 (-14.7%) $277,228 (1.0%) 0.00 93
    2022-07-01 $257,000 (29.5%) $310,825 (16.8%) 0.00 112
    2022-08-01 $250,000 (31.2%) $318,570 (24.8%) 0.00 115
    2022-09-01 $254,675 (4.2%) $311,237 (10.9%) 0.00 118
    2022-10-01 $252,500 (1.0%) $305,654 (-2.1%) 0.00 122
    2022-11-01 $265,000 (5.6%) $377,898 (16.3%) 0.00 114
    2022-12-01 $249,000 (2.9%) $362,721 (20.7%) 0.00 112
    2023-01-01 $249,000 (-8.6%) $292,026 (-8.6%) 0.00 107
    2023-02-01 $222,250 (-4.3%) $280,000 (5.5%) 0.00 98
    2023-03-01 $235,000 (10.1%) $284,881 (5.0%) 0.00 103
    2023-04-01 $249,000 (6.2%) $293,515 (-1.9%) 0.00 111
    2023-05-01 $250,000 (26.3%) $310,032 (17.4%) 0.00 128
    2023-06-01 $263,750 (43.2%) $316,963 (14.3%) 0.00 131
    2023-07-01 $249,000 (-3.1%) $296,674 (-4.6%) 0.00 133
    2023-08-01 $243,750 (-2.5%) $319,502 (0.3%) 0.00 139
    2023-09-01 $261,750 (2.8%) $334,573 (7.5%) 0.00 150
    2023-10-01 $257,475 (2.0%) $343,266 (12.3%) 0.00 163
    2023-11-01 $271,250 (2.4%) $356,439 (-5.7%) 0.00 149
    2023-12-01 $270,000 (8.4%) $395,389 (9.0%) 0.00 164
    2024-01-01 $265,000 (6.4%) $388,556 (33.1%) 0.00 166
    2024-02-01 $253,625 (14.1%) $377,672 (34.9%) 0.00 167
    2024-03-01 $270,000 (14.9%) $374,571 (31.5%) 0.00 174
    2024-04-01 $279,500 (12.3%) $361,112 (23.0%) 0.00 177
    2024-05-01 $285,000 (14.0%) $369,389 (19.2%) 0.00 177
    2024-06-01 $280,000 (6.2%) $369,520 (16.6%) 0.00 196
    2024-07-01 $262,750 (5.5%) $348,751 (17.6%) 0.00 196
    2024-08-01 $260,000 (6.7%) $353,875 (10.8%) 0.00 185
    2024-09-01 $272,250 (4.0%) $367,082 (9.7%) 0.00 184
    2024-10-01 $277,000 (7.6%) $361,456 (5.3%) 0.00 185
    2024-11-01 $274,500 (1.2%) $354,370 (-0.6%) 0.00 194
    2024-12-01 $284,750 (5.5%) $364,819 (-7.7%) 0.00 179
    2025-01-01 $283,500 (7.0%) $366,201 (-5.8%) 0.00 157
    Palestine's median listing price for 2025-01-01 was $283,500, a difference of $18,500 (7.0%) versus the prior year and $-1,250 versus the prior month.

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

    Palestine's average listing price for 2025-01-01 was $366,201, a difference of $-22,355 (-5.8%) versus the prior year and $1,382 versus the prior month.

    For the 2025-01-01 period, Palestine had 157 MLS listings, a difference of -22 listings (-12%) versus the prior month and -9 listings (-5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Palestine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,904 sqft
    2018-02-01 0 days 1,902 sqft
    2018-03-01 0 days 1,916 sqft
    2018-04-01 0 days 1,912 sqft
    2018-05-01 0 days 2,005 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 2,007 sqft
    2018-08-01 0 days 1,995 sqft
    2018-09-01 0 days 1,984 sqft
    2018-10-01 0 days 2,008 sqft
    2018-11-01 0 days 1,984 sqft
    2018-12-01 0 days 1,980 sqft
    2019-01-01 0 days 1,903 sqft
    2019-02-01 0 days 1,972 sqft
    2019-03-01 0 days 1,957 sqft
    2019-04-01 0 days 1,900 sqft
    2019-05-01 0 days 1,980 sqft
    2019-06-01 0 days 1,980 sqft
    2019-07-01 0 days 1,870 sqft
    2019-08-01 0 days 1,800 sqft
    2019-09-01 0 days 1,868 sqft
    2019-10-01 0 days 1,903 sqft
    2019-11-01 0 days 1,856 sqft
    2019-12-01 0 days 1,849 sqft
    2020-01-01 0 days 1,841 sqft
    2020-02-01 0 days 1,858 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,855 sqft
    2020-05-01 0 days 1,868 sqft
    2020-06-01 0 days 1,881 sqft
    2020-07-01 0 days 1,913 sqft
    2020-08-01 0 days 1,967 sqft
    2020-09-01 0 days 1,965 sqft
    2020-10-01 0 days 2,145 sqft
    2020-11-01 0 days 2,200 sqft
    2020-12-01 0 days 2,020 sqft
    2021-01-01 0 days 2,014 sqft
    2021-02-01 0 days 2,091 sqft
    2021-03-01 0 days 2,226 sqft
    2021-04-01 0 days 2,150 sqft
    2021-05-01 0 days 1,967 sqft
    2021-06-01 0 days 1,858 sqft
    2021-07-01 0 days 1,813 sqft
    2021-08-01 0 days 1,752 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,814 sqft
    2021-11-01 0 days 1,786 sqft
    2021-12-01 0 days 1,765 sqft
    2022-01-01 0 days 1,698 sqft
    2022-02-01 0 days 1,609 sqft
    2022-03-01 0 days 1,702 sqft
    2022-04-01 0 days 1,781 sqft
    2022-05-01 0 days 1,652 sqft
    2022-06-01 0 days 1,538 sqft
    2022-07-01 0 days 1,820 sqft
    2022-08-01 0 days 1,880 sqft
    2022-09-01 0 days 1,807 sqft
    2022-10-01 0 days 1,880 sqft
    2022-11-01 0 days 1,879 sqft
    2022-12-01 0 days 1,828 sqft
    2023-01-01 0 days 1,800 sqft
    2023-02-01 0 days 1,705 sqft
    2023-03-01 0 days 1,852 sqft
    2023-04-01 0 days 1,780 sqft
    2023-05-01 0 days 1,795 sqft
    2023-06-01 0 days 1,835 sqft
    2023-07-01 0 days 1,787 sqft
    2023-08-01 0 days 1,736 sqft
    2023-09-01 0 days 1,729 sqft
    2023-10-01 0 days 1,736 sqft
    2023-11-01 0 days 1,797 sqft
    2023-12-01 0 days 1,824 sqft
    2024-01-01 0 days 1,735 sqft
    2024-02-01 0 days 1,685 sqft
    2024-03-01 0 days 1,698 sqft
    2024-04-01 0 days 1,812 sqft
    2024-05-01 0 days 1,832 sqft
    2024-06-01 0 days 1,875 sqft
    2024-07-01 0 days 1,824 sqft
    2024-08-01 0 days 1,803 sqft
    2024-09-01 0 days 1,782 sqft
    2024-10-01 0 days 1,772 sqft
    2024-11-01 0 days 1,762 sqft
    2024-12-01 0 days 1,785 sqft
    2025-01-01 0 days 1,801 sqft
    Palestine's median listing age (time on market) for 2025-01-01 was 0 days.

    Palestine's median square footage for active listings during the 2025-01-01 period was 1,801 sqft. One year prior, the average listing was 1,735 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.