Pecos VA Loan Rates, Closing Costs & Stats

Pecos, 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.

    Pecos's 2 lenders originated 3 VA loans during 2023. The total origination value was $775,000, with an average VA loan value of $258,333.

    Pecos VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pecos averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Pecos's average VA mortgage closing costs are $7,274.

    The average rate for the prior week (2024-04-12) was 6.57% and one month ago for the week of 2024-03-15, the average rate was 6.64%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Pecos 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 Pecos level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Gateway First Bank 1 6.25% $12,077
    NAVY FEDERAL CREDIT UNION 1 6.00% $8,108

    The top Pecos VA lender as defined by loan originations is Gateway First Bank, with 1 VA loans originated. Their average total fees are $12,077, which is $3,969 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pecos (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 $172,900 (28.2%) $587,429 (291.8%) 0.00 7
    2018-02-01 $221,250 (46.1%) $673,345 (331.4%) 0.00 6
    2018-03-01 $220,000 (56.7%) $619,843 (316.1%) 0.00 7
    2018-04-01 $257,450 (90.9%) $586,100 (307.6%) 0.00 7
    2018-05-01 $310,000 (136.6%) $547,085 (291.1%) 0.00 9
    2018-06-01 $325,000 (88.4%) $575,094 (223.7%) 0.00 8
    2018-07-01 $326,000 (124.8%) $637,425 (367.6%) 0.00 8
    2018-08-01 $274,500 (45.8%) $424,836 (125.7%) 0.00 8
    2018-09-01 $241,950 (18.3%) $240,975 (-12.3%) 0.00 9
    2018-10-01 $249,000 (40.5%) $214,380 (-71.3%) 0.00 5
    2018-11-01 $212,250 (15.0%) $195,883 (-73.6%) 0.00 5
    2018-12-01 $189,500 (12.1%) $186,108 (-66.3%) 0.00 10
    2019-01-01 $167,000 (-3.4%) $171,505 (-70.8%) 0.00 9
    2019-02-01 $154,250 (-30.3%) $186,733 (-72.3%) 0.00 6
    2019-03-01 $143,714 (-34.7%) $182,026 (-70.6%) 0.00 7
    2019-04-01 $114,214 (-55.6%) $171,007 (-70.8%) 0.00 9
    2019-05-01 $203,950 (-34.2%) $218,824 (-60.0%) 0.00 9
    2019-06-01 $216,900 (-33.3%) $239,947 (-58.3%) 0.00 14
    2019-07-01 $206,250 (-36.7%) $224,853 (-64.7%) 0.00 18
    2019-08-01 $208,077 (-24.2%) $230,310 (-45.8%) 0.00 18
    2019-09-01 $228,818 (-5.4%) $253,651 (5.3%) 0.00 18
    2019-10-01 $237,645 (-4.6%) $274,328 (28.0%) 0.00 18
    2019-11-01 $239,900 (13.0%) $280,313 (43.1%) 0.00 20
    2019-12-01 $250,000 (31.9%) $269,135 (44.6%) 0.00 20
    2020-01-01 $250,000 (49.7%) $276,774 (61.4%) 0.00 19
    2020-02-01 $230,000 (49.1%) $259,760 (39.1%) 0.00 24
    2020-03-01 $209,000 (45.4%) $239,182 (31.4%) 0.00 24
    2020-04-01 $204,750 (79.3%) $237,417 (38.8%) 0.00 19
    2020-05-01 $220,000 (7.9%) $238,107 (8.8%) 0.00 15
    2020-06-01 $164,900 (-24.0%) $215,082 (-10.4%) 0.00 13
    2020-07-01 $137,728 (-33.2%) $208,282 (-7.4%) 0.00 9
    2020-08-01 $150,000 (-27.9%) $210,544 (-8.6%) 0.00 9
    2020-09-01 $112,500 (-50.8%) $159,543 (-37.1%) 0.00 10
    2020-10-01 $189,250 (-20.4%) $199,200 (-27.4%) 0.00 9
    2020-11-01 $149,625 (-37.6%) $226,708 (-19.1%) 0.00 12
    2020-12-01 $214,000 (-14.4%) $222,821 (-17.2%) 0.00 14
    2021-01-01 $279,650 (11.9%) $263,339 (-4.9%) 0.00 17
    2021-02-01 $279,500 (21.5%) $273,396 (5.3%) 0.00 21
    2021-03-01 $273,495 (30.9%) $284,443 (18.9%) 0.00 20
    2021-04-01 $245,000 (19.7%) $257,437 (8.4%) 0.00 22
    2021-05-01 $247,450 (12.5%) $261,585 (9.9%) 0.00 20
    2021-06-01 $246,950 (49.8%) $271,865 (26.4%) 0.00 17
    2021-07-01 $245,000 (77.9%) $269,693 (29.5%) 0.00 18
    2021-08-01 $245,000 (63.3%) $273,963 (30.1%) 0.00 17
    2021-09-01 $279,500 (148.4%) $317,831 (99.2%) 0.00 15
    2021-10-01 $254,000 (34.2%) $321,367 (61.3%) 0.00 21
    2021-11-01 $255,500 (70.8%) $304,616 (34.4%) 0.00 21
    2021-12-01 $247,250 (15.5%) $283,019 (27.0%) 0.00 19
    2022-01-01 $220,000 (-21.3%) $273,761 (4.0%) 0.00 14
    2022-02-01 $254,250 (-9.0%) $312,467 (14.3%) 0.00 11
    2022-03-01 $245,000 (-10.4%) $247,911 (-12.8%) 0.00 17
    2022-04-01 $238,000 (-2.9%) $234,958 (-8.7%) 0.00 19
    2022-05-01 $217,350 (-12.2%) $229,271 (-12.4%) 0.00 23
    2022-06-01 $217,663 (-11.9%) $238,419 (-12.3%) 0.00 26
    2022-07-01 $199,450 (-18.6%) $217,663 (-19.3%) 0.00 22
    2022-08-01 $191,250 (-21.9%) $217,453 (-20.6%) 0.00 20
    2022-09-01 $195,500 (-30.1%) $239,013 (-24.8%) 0.00 21
    2022-10-01 $195,000 (-23.2%) $233,571 (-27.3%) 0.00 21
    2022-11-01 $210,250 (-17.7%) $257,455 (-15.5%) 0.00 23
    2022-12-01 $214,500 (-13.3%) $255,806 (-9.6%) 0.00 24
    2023-01-01 $284,875 (29.5%) $267,499 (-2.3%) 0.00 21
    2023-02-01 $285,750 (12.4%) $292,465 (-6.4%) 0.00 21
    2023-03-01 $288,875 (17.9%) $287,330 (15.9%) 0.00 19
    2023-04-01 $291,750 (22.6%) $299,161 (27.3%) 0.00 21
    2023-05-01 $287,250 (32.2%) $265,501 (15.8%) 0.00 19
    2023-06-01 $273,000 (25.4%) $291,630 (22.3%) 0.00 19
    2023-07-01 $285,000 (42.9%) $282,154 (29.6%) 0.00 23
    2023-08-01 $285,250 (49.2%) $298,466 (37.3%) 0.00 27
    2023-09-01 $302,000 (54.5%) $307,952 (28.8%) 0.00 20
    2023-10-01 $294,000 (50.8%) $289,241 (23.8%) 0.00 21
    2023-11-01 $293,500 (39.6%) $278,657 (8.2%) 0.00 26
    2023-12-01 $296,000 (38.0%) $292,600 (14.4%) 0.00 23
    2024-01-01 $295,500 (3.7%) $303,275 (13.4%) 0.00 24
    2024-02-01 $290,250 (1.6%) $312,946 (7.0%) 0.00 25
    2024-03-01 $302,500 (4.7%) $330,469 (15.0%) 0.00 28
    Pecos's median listing price for 2024-03-01 was $302,500, a difference of $13,625 (4.7%) versus the prior year and $12,250 versus the prior month.

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

    Pecos's average listing price for 2024-03-01 was $330,469, a difference of $43,139 (15.0%) versus the prior year and $17,523 versus the prior month.

    For the 2024-03-01 period, Pecos had 28 MLS listings, a difference of 3 listings (12%) versus the prior month and 9 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pecos (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,926 sqft
    2018-02-01 0 days 2,071 sqft
    2018-03-01 0 days 2,253 sqft
    2018-04-01 0 days 1,873 sqft
    2018-05-01 0 days 2,108 sqft
    2018-06-01 0 days 2,950 sqft
    2018-07-01 0 days 3,075 sqft
    2018-08-01 0 days 2,342 sqft
    2018-09-01 0 days 2,040 sqft
    2018-10-01 0 days 2,040 sqft
    2018-11-01 0 days 1,920 sqft
    2018-12-01 0 days 1,775 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,625 sqft
    2019-03-01 0 days 1,535 sqft
    2019-04-01 0 days 1,285 sqft
    2019-05-01 0 days 1,446 sqft
    2019-06-01 0 days 1,764 sqft
    2019-07-01 0 days 1,600 sqft
    2019-08-01 0 days 1,652 sqft
    2019-09-01 0 days 1,830 sqft
    2019-10-01 0 days 1,948 sqft
    2019-11-01 0 days 2,052 sqft
    2019-12-01 0 days 2,058 sqft
    2020-01-01 0 days 2,096 sqft
    2020-02-01 0 days 2,051 sqft
    2020-03-01 0 days 1,971 sqft
    2020-04-01 0 days 1,984 sqft
    2020-05-01 0 days 2,038 sqft
    2020-06-01 0 days 1,822 sqft
    2020-07-01 0 days 1,917 sqft
    2020-08-01 0 days 1,930 sqft
    2020-09-01 0 days 1,279 sqft
    2020-10-01 0 days 1,620 sqft
    2020-11-01 0 days 1,627 sqft
    2020-12-01 0 days 1,551 sqft
    2021-01-01 0 days 1,671 sqft
    2021-02-01 0 days 1,694 sqft
    2021-03-01 0 days 1,952 sqft
    2021-04-01 0 days 1,922 sqft
    2021-05-01 0 days 1,825 sqft
    2021-06-01 0 days 1,761 sqft
    2021-07-01 0 days 1,798 sqft
    2021-08-01 0 days 2,007 sqft
    2021-09-01 0 days 2,021 sqft
    2021-10-01 0 days 2,040 sqft
    2021-11-01 0 days 1,986 sqft
    2021-12-01 0 days 1,724 sqft
    2022-01-01 0 days 1,761 sqft
    2022-02-01 0 days 1,908 sqft
    2022-03-01 0 days 1,683 sqft
    2022-04-01 0 days 1,605 sqft
    2022-05-01 0 days 1,727 sqft
    2022-06-01 0 days 1,727 sqft
    2022-07-01 0 days 1,739 sqft
    2022-08-01 0 days 1,679 sqft
    2022-09-01 0 days 1,754 sqft
    2022-10-01 0 days 1,647 sqft
    2022-11-01 0 days 1,780 sqft
    2022-12-01 0 days 1,767 sqft
    2023-01-01 0 days 1,733 sqft
    2023-02-01 0 days 1,687 sqft
    2023-03-01 0 days 1,613 sqft
    2023-04-01 0 days 1,694 sqft
    2023-05-01 0 days 1,707 sqft
    2023-06-01 0 days 1,768 sqft
    2023-07-01 0 days 1,908 sqft
    2023-08-01 0 days 1,962 sqft
    2023-09-01 0 days 1,645 sqft
    2023-10-01 0 days 1,825 sqft
    2023-11-01 0 days 1,815 sqft
    2023-12-01 0 days 1,835 sqft
    2024-01-01 0 days 1,757 sqft
    2024-02-01 0 days 1,747 sqft
    2024-03-01 0 days 1,835 sqft
    Pecos's median listing age (time on market) for 2024-03-01 was 0 days.

    Pecos's median square footage for active listings during the 2024-03-01 period was 1,835 sqft. One year prior, the average listing was 1,613 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.