Pampa VA Loan Rates, Closing Costs & Stats

Pampa, 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.

Pampa's 6 lenders originated 11 VA loans during 2023. The total origination value was $2,065,000, with an average VA loan value of $187,727.

Pampa VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Pampa averaged 6.67% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Pampa's average VA mortgage closing costs are $4,629.

The average rate for the prior week (2024-03-15) was 6.98% and one month ago for the week of 2024-02-16, the average rate was 6.6%.

The average rate one year ago was 6.44%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.34%.

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

Pampa 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 Pampa level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 3 6.67% $6,508
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.81% $0
CARDINAL FINANCIAL 1 6.63% $7,018
Centennial Bank 1 6.13% $7,804
CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $2,218
QUICKEN LOANS, LLC 1 7.49% $10,770

The top Pampa VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3 VA loans originated. Their average total fees are $6,508, which is $6,508 higher than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pampa (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 $117,500 (30.2%) $133,919 (9.0%) 0.00 133
2018-02-01 $113,475 (21.0%) $132,821 (6.4%) 0.00 148
2018-03-01 $116,800 (16.5%) $137,527 (6.7%) 0.00 144
2018-04-01 $124,600 (14.9%) $141,561 (5.2%) 0.00 145
2018-05-01 $125,500 (11.1%) $144,244 (6.5%) 0.00 143
2018-06-01 $129,900 (13.0%) $148,675 (9.8%) 0.00 143
2018-07-01 $128,000 (9.4%) $147,133 (9.4%) 0.00 161
2018-08-01 $129,675 (11.3%) $148,696 (13.6%) 0.00 167
2018-09-01 $126,400 (9.9%) $146,555 (10.2%) 0.00 156
2018-10-01 $122,000 (8.9%) $133,988 (0.2%) 0.00 157
2018-11-01 $118,500 (3.0%) $131,723 (-2.8%) 0.00 153
2018-12-01 $119,900 (4.3%) $134,258 (-1.0%) 0.00 145
2019-01-01 $117,625 (0.1%) $130,927 (-2.2%) 0.00 139
2019-02-01 $115,000 (1.3%) $127,009 (-4.4%) 0.00 137
2019-03-01 $117,107 (0.3%) $133,141 (-3.2%) 0.00 139
2019-04-01 $117,857 (-5.4%) $138,060 (-2.5%) 0.00 139
2019-05-01 $109,225 (-13.0%) $136,623 (-5.3%) 0.00 145
2019-06-01 $106,000 (-18.4%) $132,338 (-11.0%) 0.00 155
2019-07-01 $115,125 (-10.1%) $136,900 (-7.0%) 0.00 158
2019-08-01 $114,864 (-11.4%) $138,571 (-6.8%) 0.00 157
2019-09-01 $114,659 (-9.3%) $141,391 (-3.5%) 0.00 156
2019-10-01 $114,523 (-6.1%) $143,270 (6.9%) 0.00 154
2019-11-01 $112,000 (-5.5%) $140,755 (6.9%) 0.00 146
2019-12-01 $111,000 (-7.4%) $136,488 (1.7%) 0.00 146
2020-01-01 $105,500 (-10.3%) $132,873 (1.5%) 0.00 141
2020-02-01 $100,000 (-13.0%) $130,366 (2.6%) 0.00 141
2020-03-01 $107,250 (-8.4%) $133,018 (-0.1%) 0.00 137
2020-04-01 $101,760 (-13.7%) $129,085 (-6.5%) 0.00 137
2020-05-01 $109,500 (0.3%) $134,553 (-1.5%) 0.00 133
2020-06-01 $92,925 (-12.3%) $129,234 (-2.4%) 0.00 139
2020-07-01 $89,700 (-22.1%) $124,639 (-9.0%) 0.00 131
2020-08-01 $91,450 (-20.4%) $126,537 (-8.7%) 0.00 130
2020-09-01 $103,750 (-9.5%) $128,262 (-9.3%) 0.00 125
2020-10-01 $105,000 (-8.3%) $130,052 (-9.2%) 0.00 112
2020-11-01 $115,000 (2.7%) $134,495 (-4.5%) 0.00 110
2020-12-01 $116,125 (4.6%) $134,579 (-1.4%) 0.00 106
2021-01-01 $125,000 (18.5%) $139,240 (4.8%) 0.00 103
2021-02-01 $122,500 (22.5%) $141,260 (8.4%) 0.00 87
2021-03-01 $117,500 (9.6%) $142,856 (7.4%) 0.00 76
2021-04-01 $122,500 (20.4%) $144,279 (11.8%) 0.00 68
2021-05-01 $119,950 (9.5%) $149,590 (11.2%) 0.00 58
2021-06-01 $130,500 (40.4%) $158,620 (22.7%) 0.00 59
2021-07-01 $130,000 (44.9%) $150,298 (20.6%) 0.00 60
2021-08-01 $119,225 (30.4%) $131,847 (4.2%) 0.00 67
2021-09-01 $127,200 (22.6%) $145,689 (13.6%) 0.00 67
2021-10-01 $130,750 (24.5%) $160,295 (23.3%) 0.00 71
2021-11-01 $142,500 (23.9%) $203,798 (51.5%) 0.00 61
2021-12-01 $123,625 (6.5%) $194,774 (44.7%) 0.00 57
2022-01-01 $120,000 (-4.0%) $188,444 (35.3%) 0.00 53
2022-02-01 $110,000 (-10.2%) $161,904 (14.6%) 0.00 44
2022-03-01 $95,500 (-18.7%) $140,978 (-1.3%) 0.00 43
2022-04-01 $100,000 (-18.4%) $142,312 (-1.4%) 0.00 39
2022-05-01 $120,344 (0.3%) $159,577 (6.7%) 0.00 45
2022-06-01 $135,000 (3.5%) $157,685 (-0.6%) 0.00 50
2022-07-01 $131,175 (0.9%) $154,156 (2.6%) 0.00 59
2022-08-01 $120,625 (1.2%) $150,165 (13.9%) 0.00 55
2022-09-01 $128,700 (1.2%) $155,514 (6.7%) 0.00 44
2022-10-01 $135,000 (3.3%) $166,016 (3.6%) 0.00 57
2022-11-01 $137,450 (-3.5%) $172,963 (-15.1%) 0.00 65
2022-12-01 $145,000 (17.3%) $178,627 (-8.3%) 0.00 62
2023-01-01 $148,000 (23.3%) $182,793 (-3.0%) 0.00 61
2023-02-01 $165,725 (50.7%) $188,689 (16.5%) 0.00 62
2023-03-01 $149,250 (56.3%) $177,350 (25.8%) 0.00 59
2023-04-01 $134,950 (35.0%) $180,324 (26.7%) 0.00 52
2023-05-01 $150,275 (24.9%) $197,934 (24.0%) 0.00 41
2023-06-01 $176,075 (30.4%) $216,549 (37.3%) 0.00 46
2023-07-01 $159,200 (21.4%) $208,664 (35.4%) 0.00 44
2023-08-01 $164,225 (36.2%) $203,828 (35.7%) 0.00 44
2023-09-01 $144,400 (12.2%) $186,157 (19.7%) 0.00 41
2023-10-01 $146,225 (8.3%) $187,810 (13.1%) 0.00 49
2023-11-01 $151,225 (10.0%) $201,023 (16.2%) 0.00 58
2023-12-01 $149,950 (3.4%) $201,705 (12.9%) 0.00 55
2024-01-01 $146,450 (-1.1%) $192,278 (5.2%) 0.00 61
2024-02-01 $157,425 (-5.0%) $205,500 (8.9%) 0.00 53
Pampa's median listing price for 2024-02-01 was $157,425, a difference of $-8,300 (-5.0%) versus the prior year and $10,975 versus the prior month.

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

Pampa's average listing price for 2024-02-01 was $205,500, a difference of $16,811 (8.9%) versus the prior year and $13,222 versus the prior month.

For the 2024-02-01 period, Pampa had 53 MLS listings, a difference of -8 listings (-13%) versus the prior month and -9 listings (-15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pampa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,794 sqft
2018-02-01 0 days 1,741 sqft
2018-03-01 0 days 1,740 sqft
2018-04-01 0 days 1,786 sqft
2018-05-01 0 days 1,739 sqft
2018-06-01 0 days 1,789 sqft
2018-07-01 0 days 1,814 sqft
2018-08-01 0 days 1,815 sqft
2018-09-01 0 days 1,833 sqft
2018-10-01 0 days 1,786 sqft
2018-11-01 0 days 1,768 sqft
2018-12-01 0 days 1,733 sqft
2019-01-01 0 days 1,649 sqft
2019-02-01 0 days 1,601 sqft
2019-03-01 0 days 1,651 sqft
2019-04-01 0 days 1,695 sqft
2019-05-01 0 days 1,678 sqft
2019-06-01 0 days 1,606 sqft
2019-07-01 0 days 1,634 sqft
2019-08-01 0 days 1,621 sqft
2019-09-01 0 days 1,646 sqft
2019-10-01 0 days 1,667 sqft
2019-11-01 0 days 1,675 sqft
2019-12-01 0 days 1,665 sqft
2020-01-01 0 days 1,609 sqft
2020-02-01 0 days 1,622 sqft
2020-03-01 0 days 1,633 sqft
2020-04-01 0 days 1,565 sqft
2020-05-01 0 days 1,665 sqft
2020-06-01 0 days 1,555 sqft
2020-07-01 0 days 1,530 sqft
2020-08-01 0 days 1,548 sqft
2020-09-01 0 days 1,553 sqft
2020-10-01 0 days 1,527 sqft
2020-11-01 0 days 1,553 sqft
2020-12-01 0 days 1,570 sqft
2021-01-01 0 days 1,633 sqft
2021-02-01 0 days 1,616 sqft
2021-03-01 0 days 1,678 sqft
2021-04-01 0 days 1,569 sqft
2021-05-01 0 days 1,533 sqft
2021-06-01 0 days 1,551 sqft
2021-07-01 0 days 1,601 sqft
2021-08-01 0 days 1,440 sqft
2021-09-01 0 days 1,595 sqft
2021-10-01 0 days 1,608 sqft
2021-11-01 0 days 1,701 sqft
2021-12-01 0 days 1,622 sqft
2022-01-01 0 days 1,582 sqft
2022-02-01 0 days 1,587 sqft
2022-03-01 0 days 1,528 sqft
2022-04-01 0 days 1,529 sqft
2022-05-01 0 days 1,649 sqft
2022-06-01 0 days 1,654 sqft
2022-07-01 0 days 1,609 sqft
2022-08-01 0 days 1,574 sqft
2022-09-01 0 days 1,559 sqft
2022-10-01 0 days 1,619 sqft
2022-11-01 0 days 1,775 sqft
2022-12-01 0 days 1,721 sqft
2023-01-01 0 days 1,743 sqft
2023-02-01 0 days 1,878 sqft
2023-03-01 0 days 1,714 sqft
2023-04-01 0 days 1,595 sqft
2023-05-01 0 days 1,644 sqft
2023-06-01 0 days 1,965 sqft
2023-07-01 0 days 1,597 sqft
2023-08-01 0 days 1,675 sqft
2023-09-01 0 days 1,560 sqft
2023-10-01 0 days 1,619 sqft
2023-11-01 0 days 1,648 sqft
2023-12-01 0 days 1,648 sqft
2024-01-01 0 days 1,620 sqft
2024-02-01 0 days 1,637 sqft
Pampa's median listing age (time on market) for 2024-02-01 was 0 days.

Pampa's median square footage for active listings during the 2024-02-01 period was 1,637 sqft. One year prior, the average listing was 1,878 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.