Palestine VA Loan Rates, Closing Costs & Stats
Palestine, 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.
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
6.85%
for the week of 2024-04-12, compared to the national average (all VA variants) of
6.574% for the same period.
Palestine's average VA mortgage closing costs are $5,927.
The average rate for the prior week (2024-04-05) was
6.6% and
one month ago for the week of 2024-03-08, the
average rate was 6.63%.
The average rate one year ago was 6.33%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.37%.
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%) | $249,771 (6.8%) | 0.00 | 163 |
| 2018-07-01 | $159,250 (0.0%) | $247,548 (0.6%) | 0.00 | 165 |
| 2018-08-01 | $160,200 (0.3%) | $240,913 (-3.2%) | 0.00 | 157 |
| 2018-09-01 | $159,000 (-7.3%) | $234,673 (-8.2%) | 0.00 | 166 |
| 2018-10-01 | $164,975 (3.3%) | $247,874 (-4.4%) | 0.00 | 164 |
| 2018-11-01 | $163,700 (-0.3%) | $255,805 (3.1%) | 0.00 | 154 |
| 2018-12-01 | $169,000 (5.6%) | $261,569 (21.1%) | 0.00 | 158 |
| 2019-01-01 | $166,000 (7.3%) | $253,388 (15.5%) | 0.00 | 150 |
| 2019-02-01 | $162,463 (10.0%) | $242,796 (8.2%) | 0.00 | 150 |
| 2019-03-01 | $163,929 (11.7%) | $245,302 (18.7%) | 0.00 | 158 |
| 2019-04-01 | $162,500 (10.5%) | $246,750 (9.5%) | 0.00 | 171 |
| 2019-05-01 | $169,538 (2.8%) | $256,753 (-0.6%) | 0.00 | 179 |
| 2019-06-01 | $170,000 (6.6%) | $270,632 (8.4%) | 0.00 | 179 |
| 2019-07-01 | $159,950 (0.4%) | $229,826 (-7.2%) | 0.00 | 155 |
| 2019-08-01 | $158,027 (-1.4%) | $235,301 (-2.3%) | 0.00 | 148 |
| 2019-09-01 | $161,893 (1.8%) | $248,177 (5.8%) | 0.00 | 146 |
| 2019-10-01 | $162,020 (-1.8%) | $251,735 (1.6%) | 0.00 | 144 |
| 2019-11-01 | $158,000 (-3.5%) | $252,895 (-1.1%) | 0.00 | 131 |
| 2019-12-01 | $159,500 (-5.6%) | $240,482 (-8.1%) | 0.00 | 120 |
| 2020-01-01 | $154,500 (-6.9%) | $236,290 (-6.8%) | 0.00 | 112 |
| 2020-02-01 | $155,000 (-4.6%) | $232,804 (-4.1%) | 0.00 | 104 |
| 2020-03-01 | $159,600 (-2.6%) | $228,623 (-6.8%) | 0.00 | 109 |
| 2020-04-01 | $167,450 (3.1%) | $245,170 (-0.6%) | 0.00 | 94 |
| 2020-05-01 | $177,450 (4.7%) | $255,486 (-0.5%) | 0.00 | 77 |
| 2020-06-01 | $191,200 (12.5%) | $273,512 (1.1%) | 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 | $191,200 (-3.7%) | $256,170 (-2.1%) | 0.00 | 71 |
| 2021-09-01 | $246,000 (35.1%) | $282,173 (17.9%) | 0.00 | 80 |
| 2021-10-01 | $250,000 (35.0%) | $312,943 (25.2%) | 0.00 | 81 |
| 2021-11-01 | $252,625 (29.6%) | $325,459 (31.2%) | 0.00 | 79 |
| 2021-12-01 | $242,875 (26.2%) | $301,496 (23.8%) | 0.00 | 75 |
| 2022-01-01 | $274,900 (42.9%) | $320,235 (35.6%) | 0.00 | 59 |
| 2022-02-01 | $233,500 (23.2%) | $266,109 (5.5%) | 0.00 | 61 |
| 2022-03-01 | $213,375 (-1.0%) | $271,380 (0.7%) | 0.00 | 53 |
| 2022-04-01 | $222,450 (2.4%) | $297,489 (13.0%) | 0.00 | 61 |
| 2022-05-01 | $194,000 (-12.8%) | $261,927 (-7.4%) | 0.00 | 79 |
| 2022-06-01 | $182,125 (-15.7%) | $275,593 (0.5%) | 0.00 | 92 |
| 2022-07-01 | $249,000 (25.4%) | $309,685 (16.4%) | 0.00 | 111 |
| 2022-08-01 | $250,000 (30.8%) | $318,570 (24.4%) | 0.00 | 115 |
| 2022-09-01 | $254,675 (3.5%) | $311,237 (10.3%) | 0.00 | 118 |
| 2022-10-01 | $252,500 (1.0%) | $305,654 (-2.3%) | 0.00 | 122 |
| 2022-11-01 | $265,000 (4.9%) | $377,898 (16.1%) | 0.00 | 114 |
| 2022-12-01 | $249,000 (2.5%) | $362,721 (20.3%) | 0.00 | 112 |
| 2023-01-01 | $249,000 (-9.4%) | $292,026 (-8.8%) | 0.00 | 107 |
| 2023-02-01 | $222,250 (-4.8%) | $280,000 (5.2%) | 0.00 | 98 |
| 2023-03-01 | $235,000 (10.1%) | $284,881 (5.0%) | 0.00 | 103 |
| 2023-04-01 | $249,000 (11.9%) | $292,138 (-1.8%) | 0.00 | 111 |
| 2023-05-01 | $249,750 (28.7%) | $308,460 (17.8%) | 0.00 | 126 |
| 2023-06-01 | $263,125 (44.5%) | $315,675 (14.5%) | 0.00 | 129 |
| 2023-07-01 | $245,000 (-1.6%) | $297,313 (-4.0%) | 0.00 | 130 |
| 2023-08-01 | $246,000 (-1.6%) | $321,187 (0.8%) | 0.00 | 136 |
| 2023-09-01 | $260,000 (2.1%) | $332,034 (6.7%) | 0.00 | 149 |
| 2023-10-01 | $257,225 (1.9%) | $341,012 (11.6%) | 0.00 | 161 |
| 2023-11-01 | $268,750 (1.4%) | $354,088 (-6.3%) | 0.00 | 148 |
| 2023-12-01 | $270,000 (8.4%) | $393,409 (8.5%) | 0.00 | 163 |
| 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 |
Palestine's median listing price comes in at 0% of the national average.
Palestine's average listing price for 2024-03-01 was $374,571, a difference of $89,690 (31.5%) versus the prior year and $-3,101 versus the prior month.
For the 2024-03-01 period, Palestine had 174 MLS listings, a difference of 7 listings (4%) versus the prior month and 71 listings (69%) 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 | 2,004 sqft |
| 2018-08-01 | 0 days | 1,992 sqft |
| 2018-09-01 | 0 days | 1,982 sqft |
| 2018-10-01 | 0 days | 1,998 sqft |
| 2018-11-01 | 0 days | 1,983 sqft |
| 2018-12-01 | 0 days | 1,973 sqft |
| 2019-01-01 | 0 days | 1,900 sqft |
| 2019-02-01 | 0 days | 1,957 sqft |
| 2019-03-01 | 0 days | 1,949 sqft |
| 2019-04-01 | 0 days | 1,900 sqft |
| 2019-05-01 | 0 days | 1,977 sqft |
| 2019-06-01 | 0 days | 1,974 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 | 1,844 sqft |
| 2021-07-01 | 0 days | 1,813 sqft |
| 2021-08-01 | 0 days | 1,748 sqft |
| 2021-09-01 | 0 days | 1,799 sqft |
| 2021-10-01 | 0 days | 1,800 sqft |
| 2021-11-01 | 0 days | 1,777 sqft |
| 2021-12-01 | 0 days | 1,756 sqft |
| 2022-01-01 | 0 days | 1,698 sqft |
| 2022-02-01 | 0 days | 1,609 sqft |
| 2022-03-01 | 0 days | 1,678 sqft |
| 2022-04-01 | 0 days | 1,818 sqft |
| 2022-05-01 | 0 days | 1,655 sqft |
| 2022-06-01 | 0 days | 1,552 sqft |
| 2022-07-01 | 0 days | 1,822 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 | 1,785 sqft |
| 2023-06-01 | 0 days | 1,819 sqft |
| 2023-07-01 | 0 days | 1,780 sqft |
| 2023-08-01 | 0 days | 1,737 sqft |
| 2023-09-01 | 0 days | 1,722 sqft |
| 2023-10-01 | 0 days | 1,736 sqft |
| 2023-11-01 | 0 days | 1,784 sqft |
| 2023-12-01 | 0 days | 1,821 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 |
Palestine's median square footage for active listings during the 2024-03-01 period was 1,698 sqft. One year prior, the average listing was 1,852 sqft.