Plainview VA Loan Rates, Closing Costs & Stats

Plainview, 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.

Plainview's 11 lenders originated 12 VA loans during 2022. The total origination value was $2,660,000, with an average VA loan value of $221,667.

Plainview VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Plainview averaged 0.2% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Plainview's average VA mortgage closing costs are $4,501.

The average rate for the prior week (2024-02-16) was 6.58% and one month ago for the week of 2024-01-19, the average rate was 6.33%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 2 4.69% $3,099
CMG MORTGAGE, INC. 1 6.88% $9,796
Gateway First Bank 1 5.88% $10,202
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $3,092
Mr. Cooper ( Nationstar Mortgage ) 1 4.63% $6,590
PENNYMAC LOAN SERVICES, LLC 1 4.38% $15,215
QUICKEN LOANS, LLC 1 5.63% $16,932
TEXAS TECH 1 5.75% $4,174
UNITED WHOLESALE MORTGAGE, LLC 1 4.38% $7,515
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.13% $5,116
USAA Federal Savings Bank 1 3.00% $4,967

The top Plainview VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2 VA loans originated. Their average total fees are $3,099, which is $6,697 lower than the next largest lender, CMG MORTGAGE, INC..

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 (4.9%) $144,417 (13.9%) 0.00 114
2018-02-01 $121,000 (8.0%) $145,441 (8.6%) 0.00 120
2018-03-01 $130,000 (18.0%) $154,471 (9.2%) 0.00 112
2018-04-01 $133,750 (18.9%) $160,309 (4.3%) 0.00 102
2018-05-01 $132,000 (18.4%) $153,634 (1.2%) 0.00 106
2018-06-01 $144,900 (30.8%) $156,959 (11.1%) 0.00 110
2018-07-01 $136,850 (31.4%) $158,963 (16.4%) 0.00 124
2018-08-01 $130,000 (21.1%) $160,593 (16.9%) 0.00 118
2018-09-01 $125,000 (4.0%) $160,397 (13.7%) 0.00 120
2018-10-01 $119,975 (-2.6%) $160,579 (9.2%) 0.00 116
2018-11-01 $120,000 (0.9%) $158,005 (4.5%) 0.00 126
2018-12-01 $124,750 (6.0%) $160,051 (6.2%) 0.00 121
2019-01-01 $116,500 (-1.9%) $155,820 (6.7%) 0.00 113
2019-02-01 $119,425 (1.9%) $158,582 (13.7%) 0.00 109
2019-03-01 $125,143 (-2.3%) $163,038 (3.3%) 0.00 107
2019-04-01 $131,143 (-3.1%) $163,956 (-2.5%) 0.00 108
2019-05-01 $128,875 (-9.4%) $161,738 (0.4%) 0.00 102
2019-06-01 $129,950 (-11.3%) $162,080 (-3.1%) 0.00 97
2019-07-01 $127,875 (-12.5%) $149,513 (-11.2%) 0.00 114
2019-08-01 $126,427 (-9.0%) $150,007 (-11.7%) 0.00 109
2019-09-01 $125,568 (-2.0%) $151,990 (-10.7%) 0.00 104
2019-10-01 $122,450 (1.4%) $152,996 (-9.9%) 0.00 100
2019-11-01 $119,950 (-0.7%) $149,943 (-8.0%) 0.00 106
2019-12-01 $128,475 (2.2%) $155,134 (-6.0%) 0.00 103
2020-01-01 $128,475 (11.7%) $150,295 (-3.7%) 0.00 96
2020-02-01 $124,900 (-0.8%) $152,361 (-7.2%) 0.00 83
2020-03-01 $133,875 (-1.1%) $171,592 (1.9%) 0.00 79
2020-04-01 $124,650 (-1.6%) $180,346 (12.4%) 0.00 75
2020-05-01 $139,000 (12.2%) $194,120 (20.7%) 0.00 68
2020-06-01 $140,550 (9.9%) $190,242 (20.6%) 0.00 68
2020-07-01 $133,475 (6.4%) $174,314 (16.7%) 0.00 63
2020-08-01 $132,200 (7.8%) $174,556 (15.1%) 0.00 72
2020-09-01 $136,750 (6.7%) $175,408 (13.1%) 0.00 66
2020-10-01 $135,500 (6.9%) $175,284 (12.8%) 0.00 56
2020-11-01 $138,825 (10.2%) $188,933 (21.4%) 0.00 43
2020-12-01 $141,225 (5.2%) $195,835 (21.3%) 0.00 47
2021-01-01 $137,250 (-5.3%) $178,063 (13.6%) 0.00 45
2021-02-01 $132,350 (2.7%) $186,445 (16.9%) 0.00 37
2021-03-01 $113,975 (-19.2%) $187,032 (6.0%) 0.00 31
2021-04-01 $112,475 (-17.8%) $185,017 (-1.1%) 0.00 34
2021-05-01 $109,750 (-25.3%) $233,363 (23.3%) 0.00 26
2021-06-01 $177,375 (24.7%) $236,337 (22.4%) 0.00 26
2021-07-01 $139,750 (9.9%) $237,411 (39.4%) 0.00 22
2021-08-01 $132,500 (-1.8%) $179,672 (6.0%) 0.00 38
2021-09-01 $133,625 (2.9%) $190,053 (12.2%) 0.00 38
2021-10-01 $112,500 (-13.3%) $194,446 (17.8%) 0.00 29
2021-11-01 $124,975 (-7.1%) $213,565 (16.0%) 0.00 28
2021-12-01 $153,725 (17.5%) $229,233 (18.9%) 0.00 31
2022-01-01 $132,450 (9.8%) $210,605 (20.9%) 0.00 30
2022-02-01 $132,450 (8.0%) $205,049 (20.7%) 0.00 33
2022-03-01 $104,350 (46.3%) $217,453 (32.2%) 0.00 24
2022-04-01 $150,000 (65.0%) $227,017 (40.9%) 0.00 25
2022-05-01 $145,850 (58.2%) $216,964 (3.3%) 0.00 31
2022-06-01 $134,125 (-22.6%) $206,958 (-5.9%) 0.00 32
2022-07-01 $149,250 (12.0%) $185,557 (-14.3%) 0.00 40
2022-08-01 $123,000 (17.7%) $180,400 (13.4%) 0.00 36
2022-09-01 $112,500 (-6.5%) $173,759 (-2.5%) 0.00 39
2022-10-01 $125,750 (49.0%) $196,925 (6.1%) 0.00 44
2022-11-01 $133,621 (30.2%) $203,915 (1.3%) 0.00 42
2022-12-01 $147,000 (-1.5%) $210,439 (0.3%) 0.00 43
2023-01-01 $143,000 (11.8%) $187,723 (-1.9%) 0.00 48
2023-02-01 $147,375 (14.3%) $202,334 (-3.5%) 0.00 49
2023-03-01 $159,950 (12.5%) $210,692 (-4.8%) 0.00 48
2023-04-01 $159,900 (5.2%) $239,082 (11.8%) 0.00 47
2023-05-01 $173,000 (18.9%) $241,945 (11.7%) 0.00 60
2023-06-01 $163,700 (42.2%) $223,261 (16.2%) 0.00 72
2023-07-01 $167,000 (19.3%) $223,824 (21.1%) 0.00 77
2023-08-01 $166,000 (21.8%) $216,283 (15.5%) 0.00 97
2023-09-01 $162,500 (50.7%) $223,902 (29.0%) 0.00 97
2023-10-01 $165,000 (11.8%) $228,614 (13.7%) 0.00 94
2023-11-01 $175,000 (15.8%) $254,013 (24.9%) 0.00 98
2023-12-01 $180,000 (0.0%) $252,377 (0.0%) 0.00 97
Plainview's median listing price for 2023-12-01 was $180,000, a difference of $33,000 (0.0%) versus the prior year and $5,000 versus the prior month.

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

Plainview's average listing price for 2023-12-01 was $252,377, a difference of $41,938 (0.0%) versus the prior year and $-1,636 versus the prior month.

For the 2023-12-01 period, Plainview had 97 MLS listings, a difference of -1 listings (-1%) versus the prior month and 54 listings (126%) 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 2,024 sqft
2018-07-01 0 days 2,003 sqft
2018-08-01 0 days 1,991 sqft
2018-09-01 0 days 1,970 sqft
2018-10-01 0 days 1,930 sqft
2018-11-01 0 days 1,943 sqft
2018-12-01 0 days 1,937 sqft
2019-01-01 0 days 1,940 sqft
2019-02-01 0 days 1,957 sqft
2019-03-01 0 days 1,977 sqft
2019-04-01 0 days 1,985 sqft
2019-05-01 0 days 1,963 sqft
2019-06-01 0 days 1,940 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 2,011 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
Plainview's median listing age (time on market) for 2023-12-01 was 0 days.

Plainview's median square footage for active listings during the 2023-12-01 period was 1,903 sqft. One year prior, the average listing was 1,740 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.