Paris VA Loan Rates, Closing Costs & Stats

Paris, 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.

    Paris's 18 lenders originated 43 VA loans during 2023. The total origination value was $11,525,000, with an average VA loan value of $268,023.

    Paris VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Paris averaged 6.17% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Paris's average VA mortgage closing costs are $5,143.

    The average rate for the prior week (2024-12-06) was 6.6% and one month ago for the week of 2024-11-08, the average rate was 6.8%.

    The average rate one year ago was 6.95%.

    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.

    Paris 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 Paris level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 12 6.29% $7,286
    GUARANTEED RATE, INC. 7 6.31% $9,762
    GUILD MORTGAGE COMPANY 2 5.94% $3,317
    UNITED WHOLESALE MORTGAGE, LLC 2 4.94% $10,380
    NAVY FEDERAL CREDIT UNION 2 6.00% $2,279
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.81% $2,734
    SFMC, LP 2 6.50% $4,990
    QUICKEN LOANS, LLC 1 5.50% $15,764
    Town Square Mortgage & Investments, Inc. 1 6.99% $13,796
    VILLAGE CAPITAL MORTGAGE 1 8.13% $12,969
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $4,019
    Wells Fargo Bank 1 5.63% $6,635
    Barrington Bank & Trust Company, N.A. 1 6.19% $9,605
    Equity Prime Mortgage LLC 1 7.50% $7,490
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $10,686
    EVERETT FINANCIAL, INC. 1 7.13% $7,192
    Nations Lending Corporation 1 7.75% $5,423
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $8,107

    The top Paris VA lender as defined by loan originations is Mortgage Research Center, LLC, with 12 VA loans originated. Their average total fees are $7,286, which is $2,476 lower than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Paris VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,286), .

    The lowest rate Paris VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.29%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Paris (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 $172,450 (19.0%) $215,122 (12.4%) 0.00 187
    2018-02-01 $169,000 (17.8%) $203,748 (6.3%) 0.00 193
    2018-03-01 $169,900 (22.3%) $216,107 (12.3%) 0.00 186
    2018-04-01 $179,675 (38.3%) $225,846 (21.1%) 0.00 190
    2018-05-01 $179,950 (26.6%) $229,721 (7.9%) 0.00 193
    2018-06-01 $174,700 (18.4%) $209,231 (2.8%) 0.00 203
    2018-07-01 $169,925 (13.4%) $210,099 (2.9%) 0.00 214
    2018-08-01 $175,975 (10.6%) $223,109 (6.3%) 0.00 221
    2018-09-01 $175,000 (10.1%) $222,877 (7.3%) 0.00 227
    2018-10-01 $176,500 (4.4%) $223,775 (2.6%) 0.00 245
    2018-11-01 $182,100 (7.1%) $221,666 (2.5%) 0.00 237
    2018-12-01 $169,900 (0.0%) $217,933 (0.1%) 0.00 211
    2019-01-01 $160,975 (-6.7%) $211,984 (-1.5%) 0.00 200
    2019-02-01 $163,350 (-3.3%) $213,010 (4.6%) 0.00 196
    2019-03-01 $169,621 (-0.2%) $208,144 (-3.7%) 0.00 194
    2019-04-01 $182,725 (1.7%) $211,805 (-6.2%) 0.00 196
    2019-05-01 $189,700 (5.4%) $224,518 (-2.3%) 0.00 213
    2019-06-01 $174,900 (0.1%) $213,464 (2.0%) 0.00 229
    2019-07-01 $184,996 (8.9%) $219,175 (4.3%) 0.00 233
    2019-08-01 $189,755 (7.8%) $224,998 (0.9%) 0.00 234
    2019-09-01 $189,836 (8.5%) $224,645 (0.8%) 0.00 230
    2019-10-01 $189,900 (7.6%) $225,368 (0.7%) 0.00 224
    2019-11-01 $179,000 (-1.7%) $216,294 (-2.4%) 0.00 219
    2019-12-01 $171,450 (0.9%) $208,419 (-4.4%) 0.00 211
    2020-01-01 $177,200 (10.1%) $220,368 (4.0%) 0.00 176
    2020-02-01 $177,500 (8.7%) $225,060 (5.7%) 0.00 169
    2020-03-01 $173,750 (2.4%) $233,166 (12.0%) 0.00 161
    2020-04-01 $169,900 (-7.0%) $225,964 (6.7%) 0.00 149
    2020-05-01 $169,450 (-10.7%) $214,129 (-4.6%) 0.00 137
    2020-06-01 $195,000 (11.5%) $225,117 (5.5%) 0.00 122
    2020-07-01 $195,475 (5.7%) $223,607 (2.0%) 0.00 126
    2020-08-01 $185,000 (-2.5%) $228,463 (1.5%) 0.00 97
    2020-09-01 $220,600 (16.2%) $245,374 (9.2%) 0.00 91
    2020-10-01 $219,250 (15.5%) $248,698 (10.4%) 0.00 105
    2020-11-01 $214,725 (20.0%) $271,228 (25.4%) 0.00 100
    2020-12-01 $179,900 (4.9%) $251,536 (20.7%) 0.00 92
    2021-01-01 $181,200 (2.3%) $254,492 (15.5%) 0.00 85
    2021-02-01 $176,225 (-0.7%) $258,583 (14.9%) 0.00 78
    2021-03-01 $211,125 (21.5%) $279,116 (19.7%) 0.00 60
    2021-04-01 $219,350 (29.1%) $284,452 (25.9%) 0.00 53
    2021-05-01 $210,000 (23.9%) $269,295 (25.8%) 0.00 56
    2021-06-01 $198,200 (1.6%) $246,681 (9.6%) 0.00 72
    2021-07-01 $201,450 (3.1%) $274,941 (23.0%) 0.00 77
    2021-08-01 $232,350 (25.6%) $278,509 (21.9%) 0.00 83
    2021-09-01 $249,700 (13.2%) $304,625 (24.2%) 0.00 103
    2021-10-01 $249,450 (13.8%) $295,870 (19.0%) 0.00 113
    2021-11-01 $242,750 (13.1%) $315,553 (16.3%) 0.00 92
    2021-12-01 $247,225 (37.4%) $323,651 (28.7%) 0.00 93
    2022-01-01 $265,000 (46.3%) $333,079 (30.9%) 0.00 94
    2022-02-01 $238,675 (35.4%) $321,486 (24.3%) 0.00 86
    2022-03-01 $275,375 (30.4%) $358,124 (28.3%) 0.00 82
    2022-04-01 $259,900 (18.5%) $371,610 (30.6%) 0.00 85
    2022-05-01 $262,875 (25.2%) $395,871 (47.0%) 0.00 89
    2022-06-01 $249,500 (25.9%) $350,867 (42.2%) 0.00 113
    2022-07-01 $259,450 (28.8%) $355,884 (29.4%) 0.00 129
    2022-08-01 $237,475 (2.2%) $324,787 (16.6%) 0.00 154
    2022-09-01 $234,900 (-5.9%) $330,417 (8.5%) 0.00 164
    2022-10-01 $225,000 (-9.8%) $298,488 (0.9%) 0.00 191
    2022-11-01 $222,450 (-8.4%) $305,414 (-3.2%) 0.00 196
    2022-12-01 $225,000 (-9.0%) $316,861 (-2.1%) 0.00 188
    2023-01-01 $249,950 (-5.7%) $319,377 (-4.1%) 0.00 178
    2023-02-01 $259,950 (8.9%) $344,493 (7.2%) 0.00 175
    2023-03-01 $259,975 (-5.6%) $344,426 (-3.8%) 0.00 176
    2023-04-01 $270,000 (3.9%) $355,857 (-4.2%) 0.00 177
    2023-05-01 $279,900 (6.5%) $366,130 (-7.5%) 0.00 170
    2023-06-01 $285,000 (14.2%) $359,753 (2.5%) 0.00 172
    2023-07-01 $265,000 (2.1%) $347,665 (-2.3%) 0.00 185
    2023-08-01 $264,900 (11.6%) $371,826 (14.5%) 0.00 189
    2023-09-01 $269,950 (14.9%) $370,530 (12.1%) 0.00 194
    2023-10-01 $258,500 (14.9%) $369,878 (23.9%) 0.00 199
    2023-11-01 $250,600 (12.7%) $355,330 (16.3%) 0.00 211
    2023-12-01 $249,900 (11.1%) $355,754 (12.3%) 0.00 214
    2024-01-01 $249,950 (0.0%) $374,561 (17.3%) 0.00 196
    2024-02-01 $248,850 (-4.3%) $366,171 (6.3%) 0.00 174
    2024-03-01 $245,500 (-5.6%) $357,752 (3.9%) 0.00 168
    2024-04-01 $251,875 (-6.7%) $350,111 (-1.6%) 0.00 175
    2024-05-01 $268,513 (-4.1%) $327,836 (-10.5%) 0.00 172
    2024-06-01 $272,450 (-4.4%) $337,116 (-6.3%) 0.00 198
    2024-07-01 $271,950 (2.6%) $348,176 (0.2%) 0.00 212
    2024-08-01 $285,000 (7.6%) $351,965 (-5.3%) 0.00 210
    2024-09-01 $283,475 (5.0%) $355,916 (-3.9%) 0.00 207
    2024-10-01 $289,725 (12.1%) $351,631 (-4.9%) 0.00 213
    2024-11-01 $289,900 (15.7%) $347,893 (-2.1%) 0.00 222
    Paris's median listing price for 2024-11-01 was $289,900, a difference of $39,300 (15.7%) versus the prior year and $175 versus the prior month.

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

    Paris's average listing price for 2024-11-01 was $347,893, a difference of $-7,437 (-2.1%) versus the prior year and $-3,738 versus the prior month.

    For the 2024-11-01 period, Paris had 222 MLS listings, a difference of 9 listings (4%) versus the prior month and 11 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Paris (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,240 sqft
    2018-02-01 0 days 2,133 sqft
    2018-03-01 0 days 2,268 sqft
    2018-04-01 0 days 2,369 sqft
    2018-05-01 0 days 2,467 sqft
    2018-06-01 0 days 2,363 sqft
    2018-07-01 0 days 2,264 sqft
    2018-08-01 0 days 2,294 sqft
    2018-09-01 0 days 2,237 sqft
    2018-10-01 0 days 2,200 sqft
    2018-11-01 0 days 2,145 sqft
    2018-12-01 0 days 2,167 sqft
    2019-01-01 0 days 2,083 sqft
    2019-02-01 0 days 2,087 sqft
    2019-03-01 0 days 2,053 sqft
    2019-04-01 0 days 2,020 sqft
    2019-05-01 0 days 2,157 sqft
    2019-06-01 0 days 2,102 sqft
    2019-07-01 0 days 2,154 sqft
    2019-08-01 0 days 2,230 sqft
    2019-09-01 0 days 2,269 sqft
    2019-10-01 0 days 2,322 sqft
    2019-11-01 0 days 2,220 sqft
    2019-12-01 0 days 2,196 sqft
    2020-01-01 0 days 2,202 sqft
    2020-02-01 0 days 2,201 sqft
    2020-03-01 0 days 2,186 sqft
    2020-04-01 0 days 2,150 sqft
    2020-05-01 0 days 2,010 sqft
    2020-06-01 0 days 2,346 sqft
    2020-07-01 0 days 2,109 sqft
    2020-08-01 0 days 2,254 sqft
    2020-09-01 0 days 2,315 sqft
    2020-10-01 0 days 2,406 sqft
    2020-11-01 0 days 2,494 sqft
    2020-12-01 0 days 2,266 sqft
    2021-01-01 0 days 2,260 sqft
    2021-02-01 0 days 2,095 sqft
    2021-03-01 0 days 2,127 sqft
    2021-04-01 0 days 2,285 sqft
    2021-05-01 0 days 1,992 sqft
    2021-06-01 0 days 1,942 sqft
    2021-07-01 0 days 1,905 sqft
    2021-08-01 0 days 1,885 sqft
    2021-09-01 0 days 1,891 sqft
    2021-10-01 0 days 1,967 sqft
    2021-11-01 0 days 1,857 sqft
    2021-12-01 0 days 1,837 sqft
    2022-01-01 0 days 1,878 sqft
    2022-02-01 0 days 1,781 sqft
    2022-03-01 0 days 1,883 sqft
    2022-04-01 0 days 1,868 sqft
    2022-05-01 0 days 1,881 sqft
    2022-06-01 0 days 1,864 sqft
    2022-07-01 0 days 1,855 sqft
    2022-08-01 0 days 1,820 sqft
    2022-09-01 0 days 1,834 sqft
    2022-10-01 0 days 1,742 sqft
    2022-11-01 0 days 1,748 sqft
    2022-12-01 0 days 1,836 sqft
    2023-01-01 0 days 1,800 sqft
    2023-02-01 0 days 1,851 sqft
    2023-03-01 0 days 1,801 sqft
    2023-04-01 0 days 1,867 sqft
    2023-05-01 0 days 1,897 sqft
    2023-06-01 0 days 1,964 sqft
    2023-07-01 0 days 1,926 sqft
    2023-08-01 0 days 1,965 sqft
    2023-09-01 0 days 1,964 sqft
    2023-10-01 0 days 1,856 sqft
    2023-11-01 0 days 1,801 sqft
    2023-12-01 0 days 1,805 sqft
    2024-01-01 0 days 1,805 sqft
    2024-02-01 0 days 1,801 sqft
    2024-03-01 0 days 1,788 sqft
    2024-04-01 0 days 1,906 sqft
    2024-05-01 0 days 1,842 sqft
    2024-06-01 0 days 1,870 sqft
    2024-07-01 0 days 1,867 sqft
    2024-08-01 0 days 1,990 sqft
    2024-09-01 0 days 1,971 sqft
    2024-10-01 0 days 1,944 sqft
    2024-11-01 0 days 1,862 sqft
    Paris's median listing age (time on market) for 2024-11-01 was 0 days.

    Paris's median square footage for active listings during the 2024-11-01 period was 1,862 sqft. One year prior, the average listing was 1,801 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.