Port Lavaca VA Loan Rates, Closing Costs & Stats
Port Lavaca, 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.
Port Lavaca's 7 lenders originated 17 VA loans during 2021. The total origination value was $4,035,000, with an average VA loan value of $237,353.
Port Lavaca VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Port Lavaca
averaged
6.72%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Port Lavaca's average VA mortgage closing costs are $5,191.
The average rate for the prior week (2022-11-25) was
7.26% and
one month ago for the week of 2022-10-28, the
average rate was 7.35%.
The average rate one year ago was 3.73%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.4%.
Port Lavaca 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 Port Lavaca level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| Wallick & Volk, Inc. | 5 | 3.25% | $7,684 |
| DRAPER AND KRAMER MORTGAGE CORP. | 1 | 3.38% | $2,022 |
| FREEDOM MORTGAGE CORPORATION | 1 | 2.63% | $1,260 |
| AMCAP MORTGAGE, LTD. | 1 | 3.13% | $5,452 |
| Mortgage Research Center, LLC | 1 | 2.75% | $1,076 |
| NEW DAY FINANCIAL, LLC | 1 | 2.75% | $1,213 |
| LAKEVIEW LOAN SERVICING, LLC | 1 | 2.25% | $5,057 |
The top Port Lavaca VA lender as defined by loan originations is Wallick & Volk, Inc., with
5 VA loans originated. Their average total fees are
$7,684, which is $5,662
higher than the next largest lender,
DRAPER AND KRAMER MORTGAGE CORP..
The lowest fee Port Lavaca VA lenders (with over 10 loans originated) are
.
The lowest rate Port Lavaca VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Port Lavaca (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 | $228,900 (9.6%) | $305,282 (-2.6%) | 0.00 | 138 |
| 2018-02-01 | $244,650 (13.8%) | $326,422 (1.1%) | 0.00 | 133 |
| 2018-03-01 | $249,000 (19.6%) | $344,332 (9.8%) | 0.00 | 136 |
| 2018-04-01 | $254,988 (16.0%) | $344,752 (9.3%) | 0.00 | 145 |
| 2018-05-01 | $253,000 (12.4%) | $338,534 (8.6%) | 0.00 | 160 |
| 2018-06-01 | $257,450 (14.4%) | $345,837 (11.4%) | 0.00 | 183 |
| 2018-07-01 | $261,175 (18.7%) | $367,616 (18.3%) | 0.00 | 183 |
| 2018-08-01 | $274,950 (29.7%) | $379,589 (27.6%) | 0.00 | 173 |
| 2018-09-01 | $274,950 (37.7%) | $359,206 (26.5%) | 0.00 | 165 |
| 2018-10-01 | $274,500 (40.5%) | $360,695 (34.9%) | 0.00 | 161 |
| 2018-11-01 | $278,225 (28.7%) | $356,341 (27.4%) | 0.00 | 154 |
| 2018-12-01 | $262,400 (16.6%) | $331,003 (15.0%) | 0.00 | 154 |
| 2019-01-01 | $260,000 (13.6%) | $329,184 (7.8%) | 0.00 | 143 |
| 2019-02-01 | $260,000 (6.3%) | $329,274 (0.9%) | 0.00 | 148 |
| 2019-03-01 | $263,857 (6.0%) | $327,487 (-4.9%) | 0.00 | 144 |
| 2019-04-01 | $269,450 (5.7%) | $330,029 (-4.3%) | 0.00 | 142 |
| 2019-05-01 | $257,000 (1.6%) | $324,008 (-4.3%) | 0.00 | 145 |
| 2019-06-01 | $254,000 (-1.3%) | $332,031 (-4.0%) | 0.00 | 144 |
| 2019-07-01 | $249,900 (-4.3%) | $324,876 (-11.6%) | 0.00 | 147 |
| 2019-08-01 | $249,077 (-9.4%) | $332,185 (-12.5%) | 0.00 | 144 |
| 2019-09-01 | $243,943 (-11.3%) | $327,575 (-8.8%) | 0.00 | 141 |
| 2019-10-01 | $239,950 (-12.6%) | $323,300 (-10.4%) | 0.00 | 138 |
| 2019-11-01 | $249,700 (-10.3%) | $324,807 (-8.9%) | 0.00 | 138 |
| 2019-12-01 | $236,975 (-9.7%) | $318,615 (-3.7%) | 0.00 | 133 |
| 2020-01-01 | $230,000 (-11.5%) | $310,358 (-5.7%) | 0.00 | 124 |
| 2020-02-01 | $244,450 (-6.0%) | $346,672 (5.3%) | 0.00 | 112 |
| 2020-03-01 | $257,950 (-2.2%) | $357,579 (9.2%) | 0.00 | 120 |
| 2020-04-01 | $270,725 (0.5%) | $361,911 (9.7%) | 0.00 | 119 |
| 2020-05-01 | $269,900 (5.0%) | $367,354 (13.4%) | 0.00 | 116 |
| 2020-06-01 | $251,250 (-1.1%) | $358,619 (8.0%) | 0.00 | 114 |
| 2020-07-01 | $251,250 (0.5%) | $405,260 (24.7%) | 0.00 | 109 |
| 2020-08-01 | $249,900 (0.3%) | $394,063 (18.6%) | 0.00 | 97 |
| 2020-09-01 | $249,950 (2.5%) | $413,222 (26.2%) | 0.00 | 87 |
| 2020-10-01 | $262,500 (9.4%) | $407,386 (26.0%) | 0.00 | 82 |
| 2020-11-01 | $261,250 (4.6%) | $425,137 (30.9%) | 0.00 | 82 |
| 2020-12-01 | $249,000 (5.1%) | $402,257 (26.3%) | 0.00 | 83 |
| 2021-01-01 | $249,950 (8.7%) | $423,796 (36.6%) | 0.00 | 77 |
| 2021-02-01 | $245,000 (0.2%) | $418,483 (20.7%) | 0.00 | 71 |
| 2021-03-01 | $279,750 (8.5%) | $454,208 (27.0%) | 0.00 | 69 |
| 2021-04-01 | $253,750 (-6.3%) | $427,033 (18.0%) | 0.00 | 65 |
| 2021-05-01 | $274,900 (1.9%) | $423,269 (15.2%) | 0.00 | 65 |
| 2021-06-01 | $283,600 (12.9%) | $463,951 (29.4%) | 0.00 | 65 |
| 2021-07-01 | $292,450 (16.4%) | $389,617 (-3.9%) | 0.00 | 57 |
| 2021-08-01 | $302,000 (20.9%) | $360,182 (-8.6%) | 0.00 | 55 |
| 2021-09-01 | $291,750 (16.7%) | $366,721 (-11.3%) | 0.00 | 62 |
| 2021-10-01 | $289,900 (10.4%) | $352,508 (-13.5%) | 0.00 | 65 |
| 2021-11-01 | $265,000 (1.4%) | $333,682 (-21.5%) | 0.00 | 64 |
| 2021-12-01 | $243,700 (-2.1%) | $318,779 (-20.8%) | 0.00 | 66 |
| 2022-01-01 | $268,750 (7.5%) | $319,146 (-24.7%) | 0.00 | 59 |
| 2022-02-01 | $232,000 (-5.3%) | $273,298 (-34.7%) | 0.00 | 51 |
| 2022-03-01 | $254,250 (-9.1%) | $331,815 (-27.0%) | 0.00 | 56 |
| 2022-04-01 | $297,000 (17.0%) | $365,639 (-14.4%) | 0.00 | 58 |
| 2022-05-01 | $289,000 (5.1%) | $360,649 (-14.8%) | 0.00 | 57 |
| 2022-06-01 | $290,500 (2.4%) | $354,613 (-23.6%) | 0.00 | 61 |
| 2022-07-01 | $319,000 (9.1%) | $422,905 (8.5%) | 0.00 | 69 |
| 2022-08-01 | $312,000 (3.3%) | $415,591 (15.4%) | 0.00 | 70 |
| 2022-09-01 | $277,450 (-4.9%) | $403,661 (10.1%) | 0.00 | 86 |
| 2022-10-01 | $298,500 (3.0%) | $423,272 (20.1%) | 0.00 | 81 |
| 2022-11-01 | $327,000 (23.4%) | $453,790 (36.0%) | 0.00 | 79 |
Port Lavaca's median listing price comes in at 0% of the national average.
Port Lavaca's average listing price for 2022-11-01 was $453,790, a difference of $120,108 (36.0%) versus the prior year and $30,518 versus the prior month.
For the 2022-11-01 period, Port Lavaca had 79 MLS listings, a difference of -2 listings (-2%) versus the prior month and 15 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Port Lavaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,601 sqft |
| 2018-02-01 | 0 days | 1,679 sqft |
| 2018-03-01 | 0 days | 1,736 sqft |
| 2018-04-01 | 0 days | 1,768 sqft |
| 2018-05-01 | 0 days | 1,718 sqft |
| 2018-06-01 | 0 days | 1,793 sqft |
| 2018-07-01 | 0 days | 1,789 sqft |
| 2018-08-01 | 0 days | 1,809 sqft |
| 2018-09-01 | 0 days | 1,800 sqft |
| 2018-10-01 | 0 days | 1,793 sqft |
| 2018-11-01 | 0 days | 1,807 sqft |
| 2018-12-01 | 0 days | 1,700 sqft |
| 2019-01-01 | 0 days | 1,699 sqft |
| 2019-02-01 | 0 days | 1,697 sqft |
| 2019-03-01 | 0 days | 1,672 sqft |
| 2019-04-01 | 0 days | 1,644 sqft |
| 2019-05-01 | 0 days | 1,621 sqft |
| 2019-06-01 | 0 days | 1,583 sqft |
| 2019-07-01 | 0 days | 1,577 sqft |
| 2019-08-01 | 0 days | 1,576 sqft |
| 2019-09-01 | 0 days | 1,563 sqft |
| 2019-10-01 | 0 days | 1,534 sqft |
| 2019-11-01 | 0 days | 1,565 sqft |
| 2019-12-01 | 0 days | 1,543 sqft |
| 2020-01-01 | 0 days | 1,549 sqft |
| 2020-02-01 | 0 days | 1,620 sqft |
| 2020-03-01 | 0 days | 1,780 sqft |
| 2020-04-01 | 0 days | 1,796 sqft |
| 2020-05-01 | 0 days | 1,854 sqft |
| 2020-06-01 | 0 days | 1,800 sqft |
| 2020-07-01 | 0 days | 1,773 sqft |
| 2020-08-01 | 0 days | 1,800 sqft |
| 2020-09-01 | 0 days | 1,729 sqft |
| 2020-10-01 | 0 days | 1,649 sqft |
| 2020-11-01 | 0 days | 1,667 sqft |
| 2020-12-01 | 0 days | 1,639 sqft |
| 2021-01-01 | 0 days | 1,792 sqft |
| 2021-02-01 | 0 days | 1,796 sqft |
| 2021-03-01 | 0 days | 1,722 sqft |
| 2021-04-01 | 0 days | 1,496 sqft |
| 2021-05-01 | 0 days | 1,600 sqft |
| 2021-06-01 | 0 days | 1,787 sqft |
| 2021-07-01 | 0 days | 1,712 sqft |
| 2021-08-01 | 0 days | 1,764 sqft |
| 2021-09-01 | 0 days | 1,680 sqft |
| 2021-10-01 | 0 days | 1,610 sqft |
| 2021-11-01 | 0 days | 1,447 sqft |
| 2021-12-01 | 0 days | 1,465 sqft |
| 2022-01-01 | 0 days | 1,591 sqft |
| 2022-02-01 | 0 days | 1,591 sqft |
| 2022-03-01 | 0 days | 1,636 sqft |
| 2022-04-01 | 0 days | 1,628 sqft |
| 2022-05-01 | 0 days | 1,748 sqft |
| 2022-06-01 | 0 days | 1,714 sqft |
| 2022-07-01 | 0 days | 1,620 sqft |
| 2022-08-01 | 0 days | 1,631 sqft |
| 2022-09-01 | 0 days | 1,611 sqft |
| 2022-10-01 | 0 days | 1,620 sqft |
| 2022-11-01 | 0 days | 1,650 sqft |
Port Lavaca's median square footage for active listings during the 2022-11-01 period was 1,650 sqft. One year prior, the average listing was 1,447 sqft.
