Plainview VA Loan Rates, Closing Costs & Stats

Plainview, 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.

    Plainview's 12 lenders originated 19 VA loans during 2023. The total origination value was $4,035,000, with an average VA loan value of $212,368.

    Plainview VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Plainview averaged 6.58% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Plainview's average VA mortgage closing costs are $4,791.

    The average rate for the prior week (2025-02-07) was 6.61% and one month ago for the week of 2025-01-10, the average rate was 6.65%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Plainview 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 Plainview level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 6.73% $7,138
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.00% $4,369
    CMG MORTGAGE, INC. 1 5.75% $5,472
    FREEDOM MORTGAGE CORPORATION 1 5.88% $5,578
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $5,167
    NAVY FEDERAL CREDIT UNION 1 5.50% $41
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $12,436
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $3,862
    Prosperity Bank 1 6.13% $6,142
    AMCAP MORTGAGE, LTD. 1 7.13% $9,458
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.25% $6,758
    CARDINAL FINANCIAL 1 6.25% $9,745

    The top Plainview VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $7,138, which is $2,768 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Plainview (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 $115,450 (6.0%) $144,417 (11.8%) 0.00 114
    2018-02-01 $121,000 (7.8%) $145,441 (8.8%) 0.00 120
    2018-03-01 $130,000 (11.6%) $154,471 (8.2%) 0.00 112
    2018-04-01 $133,750 (11.6%) $160,309 (6.4%) 0.00 102
    2018-05-01 $132,000 (12.3%) $153,634 (1.0%) 0.00 106
    2018-06-01 $144,450 (31.3%) $156,210 (8.7%) 0.00 111
    2018-07-01 $134,750 (22.5%) $158,240 (14.8%) 0.00 125
    2018-08-01 $130,000 (18.2%) $159,781 (16.3%) 0.00 119
    2018-09-01 $125,000 (4.4%) $159,579 (14.6%) 0.00 121
    2018-10-01 $119,950 (-2.1%) $160,157 (10.5%) 0.00 117
    2018-11-01 $120,000 (4.0%) $157,462 (7.7%) 0.00 126
    2018-12-01 $124,500 (8.0%) $158,956 (7.7%) 0.00 120
    2019-01-01 $115,725 (0.2%) $154,559 (7.0%) 0.00 112
    2019-02-01 $119,425 (-1.3%) $157,945 (8.6%) 0.00 109
    2019-03-01 $125,143 (-3.7%) $163,038 (5.6%) 0.00 107
    2019-04-01 $131,143 (-2.0%) $163,956 (2.3%) 0.00 108
    2019-05-01 $128,250 (-2.8%) $161,738 (5.3%) 0.00 102
    2019-06-01 $129,950 (-10.0%) $162,080 (3.8%) 0.00 97
    2019-07-01 $127,875 (-5.1%) $149,513 (-5.5%) 0.00 114
    2019-08-01 $126,427 (-2.8%) $150,007 (-6.1%) 0.00 109
    2019-09-01 $125,568 (0.5%) $151,990 (-4.8%) 0.00 104
    2019-10-01 $122,450 (2.1%) $152,996 (-4.5%) 0.00 100
    2019-11-01 $119,950 (0.0%) $149,943 (-4.8%) 0.00 106
    2019-12-01 $128,475 (3.2%) $155,134 (-2.4%) 0.00 103
    2020-01-01 $128,475 (11.0%) $150,295 (-2.8%) 0.00 96
    2020-02-01 $124,900 (4.6%) $152,361 (-3.5%) 0.00 83
    2020-03-01 $133,875 (7.0%) $171,592 (5.3%) 0.00 79
    2020-04-01 $124,650 (-5.0%) $180,346 (10.0%) 0.00 75
    2020-05-01 $139,000 (8.4%) $194,120 (20.0%) 0.00 68
    2020-06-01 $140,550 (8.2%) $190,242 (17.4%) 0.00 68
    2020-07-01 $133,475 (4.4%) $174,314 (16.6%) 0.00 63
    2020-08-01 $132,200 (4.6%) $174,556 (16.4%) 0.00 72
    2020-09-01 $136,750 (8.9%) $175,408 (15.4%) 0.00 66
    2020-10-01 $135,500 (10.7%) $175,284 (14.6%) 0.00 56
    2020-11-01 $138,825 (15.7%) $188,933 (26.0%) 0.00 43
    2020-12-01 $141,225 (9.9%) $195,477 (26.0%) 0.00 47
    2021-01-01 $133,750 (4.1%) $178,063 (18.5%) 0.00 45
    2021-02-01 $132,350 (6.0%) $186,445 (22.4%) 0.00 37
    2021-03-01 $113,975 (-14.9%) $187,032 (9.0%) 0.00 31
    2021-04-01 $112,475 (-9.8%) $185,017 (2.6%) 0.00 34
    2021-05-01 $109,750 (-21.0%) $233,363 (20.2%) 0.00 26
    2021-06-01 $177,375 (26.2%) $236,337 (24.2%) 0.00 26
    2021-07-01 $139,750 (4.7%) $237,411 (36.2%) 0.00 22
    2021-08-01 $132,500 (0.2%) $179,672 (2.9%) 0.00 38
    2021-09-01 $133,625 (-2.3%) $190,053 (8.4%) 0.00 38
    2021-10-01 $112,500 (-17.0%) $194,446 (10.9%) 0.00 29
    2021-11-01 $124,975 (-10.0%) $213,565 (13.0%) 0.00 28
    2021-12-01 $153,725 (8.9%) $229,233 (17.3%) 0.00 31
    2022-01-01 $132,450 (-1.0%) $210,605 (18.3%) 0.00 30
    2022-02-01 $132,450 (0.1%) $205,049 (10.0%) 0.00 33
    2022-03-01 $104,350 (-8.4%) $217,453 (16.3%) 0.00 24
    2022-04-01 $150,000 (33.4%) $227,017 (22.7%) 0.00 25
    2022-05-01 $145,850 (32.9%) $216,964 (-7.0%) 0.00 31
    2022-06-01 $134,125 (-24.4%) $206,958 (-12.4%) 0.00 32
    2022-07-01 $149,250 (6.8%) $185,557 (-21.8%) 0.00 40
    2022-08-01 $123,000 (-7.2%) $180,400 (0.4%) 0.00 36
    2022-09-01 $112,500 (-15.8%) $173,759 (-8.6%) 0.00 39
    2022-10-01 $125,750 (11.8%) $196,925 (1.3%) 0.00 44
    2022-11-01 $133,621 (6.9%) $203,915 (-4.5%) 0.00 42
    2022-12-01 $147,000 (-4.4%) $210,439 (-8.2%) 0.00 43
    2023-01-01 $143,000 (8.0%) $187,723 (-10.9%) 0.00 48
    2023-02-01 $147,375 (11.3%) $202,334 (-1.3%) 0.00 49
    2023-03-01 $159,950 (53.3%) $210,692 (-3.1%) 0.00 48
    2023-04-01 $159,900 (6.6%) $239,082 (5.3%) 0.00 47
    2023-05-01 $173,000 (18.6%) $241,945 (11.5%) 0.00 60
    2023-06-01 $163,700 (22.1%) $223,261 (7.9%) 0.00 72
    2023-07-01 $167,000 (11.9%) $223,824 (20.6%) 0.00 77
    2023-08-01 $166,000 (35.0%) $216,283 (19.9%) 0.00 97
    2023-09-01 $162,500 (44.4%) $223,902 (28.9%) 0.00 97
    2023-10-01 $165,000 (31.2%) $228,614 (16.1%) 0.00 94
    2023-11-01 $175,000 (31.0%) $254,013 (24.6%) 0.00 98
    2023-12-01 $180,000 (22.5%) $252,377 (19.9%) 0.00 97
    2024-01-01 $183,188 (28.1%) $258,282 (37.6%) 0.00 90
    2024-02-01 $168,825 (14.6%) $250,136 (23.6%) 0.00 88
    2024-03-01 $174,950 (9.4%) $241,170 (14.5%) 0.00 99
    2024-04-01 $192,463 (20.4%) $255,052 (6.7%) 0.00 89
    2024-05-01 $205,000 (18.5%) $265,869 (9.9%) 0.00 84
    2024-06-01 $201,633 (23.2%) $267,363 (19.8%) 0.00 93
    2024-07-01 $194,838 (16.7%) $251,723 (12.5%) 0.00 108
    2024-08-01 $196,800 (18.6%) $252,481 (16.7%) 0.00 115
    2024-09-01 $188,663 (16.1%) $238,822 (6.7%) 0.00 106
    2024-10-01 $177,450 (7.6%) $229,177 (0.3%) 0.00 111
    2024-11-01 $173,950 (-0.6%) $223,402 (-12.1%) 0.00 105
    2024-12-01 $166,500 (-7.5%) $216,756 (-14.1%) 0.00 110
    2025-01-01 $167,250 (-8.7%) $216,673 (-16.1%) 0.00 114
    Plainview's median listing price for 2025-01-01 was $167,250, a difference of $-15,938 (-8.7%) versus the prior year and $750 versus the prior month.

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

    Plainview's average listing price for 2025-01-01 was $216,673, a difference of $-41,609 (-16.1%) versus the prior year and $-83 versus the prior month.

    For the 2025-01-01 period, Plainview had 114 MLS listings, a difference of 4 listings (4%) versus the prior month and 24 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Plainview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,807 sqft
    2018-02-01 0 days 1,857 sqft
    2018-03-01 0 days 1,954 sqft
    2018-04-01 0 days 2,002 sqft
    2018-05-01 0 days 1,997 sqft
    2018-06-01 0 days 2,022 sqft
    2018-07-01 0 days 2,001 sqft
    2018-08-01 0 days 1,986 sqft
    2018-09-01 0 days 1,959 sqft
    2018-10-01 0 days 1,928 sqft
    2018-11-01 0 days 1,943 sqft
    2018-12-01 0 days 1,935 sqft
    2019-01-01 0 days 1,936 sqft
    2019-02-01 0 days 1,954 sqft
    2019-03-01 0 days 1,977 sqft
    2019-04-01 0 days 1,985 sqft
    2019-05-01 0 days 1,960 sqft
    2019-06-01 0 days 1,919 sqft
    2019-07-01 0 days 1,899 sqft
    2019-08-01 0 days 1,916 sqft
    2019-09-01 0 days 1,943 sqft
    2019-10-01 0 days 1,959 sqft
    2019-11-01 0 days 1,921 sqft
    2019-12-01 0 days 1,922 sqft
    2020-01-01 0 days 1,941 sqft
    2020-02-01 0 days 1,905 sqft
    2020-03-01 0 days 1,971 sqft
    2020-04-01 0 days 2,012 sqft
    2020-05-01 0 days 2,091 sqft
    2020-06-01 0 days 2,066 sqft
    2020-07-01 0 days 2,046 sqft
    2020-08-01 0 days 2,155 sqft
    2020-09-01 0 days 2,144 sqft
    2020-10-01 0 days 2,080 sqft
    2020-11-01 0 days 1,940 sqft
    2020-12-01 0 days 2,053 sqft
    2021-01-01 0 days 1,990 sqft
    2021-02-01 0 days 1,956 sqft
    2021-03-01 0 days 2,012 sqft
    2021-04-01 0 days 1,947 sqft
    2021-05-01 0 days 1,639 sqft
    2021-06-01 0 days 2,154 sqft
    2021-07-01 0 days 1,744 sqft
    2021-08-01 0 days 1,633 sqft
    2021-09-01 0 days 1,742 sqft
    2021-10-01 0 days 1,576 sqft
    2021-11-01 0 days 1,631 sqft
    2021-12-01 0 days 1,632 sqft
    2022-01-01 0 days 1,631 sqft
    2022-02-01 0 days 1,794 sqft
    2022-03-01 0 days 1,666 sqft
    2022-04-01 0 days 1,840 sqft
    2022-05-01 0 days 1,938 sqft
    2022-06-01 0 days 1,803 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,858 sqft
    2022-09-01 0 days 1,801 sqft
    2022-10-01 0 days 1,738 sqft
    2022-11-01 0 days 1,747 sqft
    2022-12-01 0 days 1,740 sqft
    2023-01-01 0 days 1,669 sqft
    2023-02-01 0 days 1,740 sqft
    2023-03-01 0 days 1,865 sqft
    2023-04-01 0 days 1,928 sqft
    2023-05-01 0 days 1,813 sqft
    2023-06-01 0 days 1,753 sqft
    2023-07-01 0 days 1,889 sqft
    2023-08-01 0 days 1,917 sqft
    2023-09-01 0 days 1,868 sqft
    2023-10-01 0 days 1,891 sqft
    2023-11-01 0 days 1,826 sqft
    2023-12-01 0 days 1,903 sqft
    2024-01-01 0 days 1,917 sqft
    2024-02-01 0 days 1,828 sqft
    2024-03-01 0 days 1,895 sqft
    2024-04-01 0 days 1,939 sqft
    2024-05-01 0 days 2,009 sqft
    2024-06-01 0 days 1,978 sqft
    2024-07-01 0 days 1,955 sqft
    2024-08-01 0 days 2,008 sqft
    2024-09-01 0 days 1,959 sqft
    2024-10-01 0 days 1,958 sqft
    2024-11-01 0 days 1,941 sqft
    2024-12-01 0 days 1,841 sqft
    2025-01-01 0 days 1,892 sqft
    Plainview's median listing age (time on market) for 2025-01-01 was 0 days.

    Plainview's median square footage for active listings during the 2025-01-01 period was 1,892 sqft. One year prior, the average listing was 1,917 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.