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%.

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

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 for 2022-11-01 was $327,000, a difference of $62,000 (23.4%) versus the prior year and $28,500 versus the prior month.

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 listing age (time on market) for 2022-11-01 was 0 days.

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.

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.