Port Lavaca VA Loan Rates, Closing Costs & Stats

Port Lavaca, 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.

    Port Lavaca's 5 lenders originated 7 VA loans during 2023. The total origination value was $2,185,000, with an average VA loan value of $312,143.

    Port Lavaca VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Port Lavaca averaged 6.55% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Port Lavaca's average VA mortgage closing costs are $6,065.

    The average rate for the prior week (2024-12-06) was 6.38% and one month ago for the week of 2024-11-08, the average rate was 6.78%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 2 6.75% $11,766
    Wallick & Volk, Inc. 2 5.75% $7,368
    Prosperity Bank 1 7.00% $787
    TEXAS DOW EMPLOYEES CREDIT UNION 1 6.63% $13,242
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $12,838

    The top Port Lavaca VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2 VA loans originated. Their average total fees are $11,766, which is $4,398 higher than the next largest lender, Wallick & Volk, Inc..

    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 (9.9%) $305,282 (-2.4%) 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 $259,450 (18.0%) $365,161 (17.5%) 0.00 182
    2018-08-01 $273,450 (29.0%) $377,630 (27.0%) 0.00 172
    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 (-3.7%) $324,876 (-11.0%) 0.00 147
    2019-08-01 $249,077 (-8.9%) $332,185 (-12.0%) 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 $286,175 (14.5%) $354,719 (-10.0%) 0.00 56
    2021-09-01 $287,000 (14.8%) $359,836 (-12.9%) 0.00 64
    2021-10-01 $280,500 (6.9%) $346,663 (-14.9%) 0.00 67
    2021-11-01 $251,200 (-3.9%) $329,559 (-22.5%) 0.00 65
    2021-12-01 $236,225 (-5.1%) $313,247 (-22.1%) 0.00 68
    2022-01-01 $257,450 (3.0%) $312,536 (-26.3%) 0.00 61
    2022-02-01 $229,000 (-6.5%) $270,238 (-35.4%) 0.00 53
    2022-03-01 $250,750 (-10.4%) $330,159 (-27.3%) 0.00 56
    2022-04-01 $294,450 (16.0%) $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 (9.0%) $415,591 (17.2%) 0.00 70
    2022-09-01 $277,450 (-3.3%) $403,661 (12.2%) 0.00 86
    2022-10-01 $298,500 (6.4%) $423,272 (22.1%) 0.00 81
    2022-11-01 $327,000 (30.2%) $453,790 (37.7%) 0.00 79
    2022-12-01 $317,000 (34.2%) $450,582 (43.8%) 0.00 80
    2023-01-01 $308,750 (19.9%) $450,499 (44.1%) 0.00 82
    2023-02-01 $299,000 (30.6%) $433,191 (60.3%) 0.00 82
    2023-03-01 $307,500 (22.6%) $430,712 (30.5%) 0.00 83
    2023-04-01 $299,000 (1.6%) $402,131 (10.0%) 0.00 93
    2023-05-01 $304,975 (5.5%) $415,212 (15.1%) 0.00 96
    2023-06-01 $335,000 (15.3%) $445,707 (25.7%) 0.00 95
    2023-07-01 $327,000 (2.5%) $419,957 (-0.7%) 0.00 103
    2023-08-01 $317,250 (1.7%) $403,842 (-2.8%) 0.00 102
    2023-09-01 $322,000 (16.1%) $396,774 (-1.7%) 0.00 115
    2023-10-01 $316,000 (5.9%) $412,719 (-2.5%) 0.00 116
    2023-11-01 $325,250 (-0.5%) $433,704 (-4.4%) 0.00 115
    2023-12-01 $325,000 (2.5%) $428,319 (-4.9%) 0.00 103
    2024-01-01 $313,500 (1.5%) $419,206 (-7.0%) 0.00 110
    2024-02-01 $311,475 (4.2%) $415,522 (-4.1%) 0.00 109
    2024-03-01 $339,500 (10.4%) $443,015 (2.9%) 0.00 114
    2024-04-01 $346,450 (15.9%) $438,929 (9.2%) 0.00 136
    2024-05-01 $357,000 (17.1%) $425,503 (2.5%) 0.00 155
    2024-06-01 $340,000 (1.5%) $413,891 (-7.1%) 0.00 158
    2024-07-01 $367,375 (12.4%) $432,429 (3.0%) 0.00 162
    2024-08-01 $353,725 (11.5%) $426,504 (5.6%) 0.00 151
    2024-09-01 $357,425 (11.0%) $458,461 (15.6%) 0.00 151
    2024-10-01 $349,950 (10.7%) $444,648 (7.7%) 0.00 155
    2024-11-01 $349,900 (7.6%) $428,348 (-1.2%) 0.00 153
    Port Lavaca's median listing price for 2024-11-01 was $349,900, a difference of $24,650 (7.6%) versus the prior year and $-50 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 2024-11-01 was $428,348, a difference of $-5,356 (-1.2%) versus the prior year and $-16,300 versus the prior month.

    For the 2024-11-01 period, Port Lavaca had 153 MLS listings, a difference of -2 listings (-1%) versus the prior month and 38 listings (33%) 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 1,785 sqft
    2018-08-01 0 days 1,795 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 1,737 sqft
    2021-09-01 0 days 1,593 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,438 sqft
    2021-12-01 0 days 1,453 sqft
    2022-01-01 0 days 1,528 sqft
    2022-02-01 0 days 1,581 sqft
    2022-03-01 0 days 1,631 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 1,616 sqft
    2022-11-01 0 days 1,630 sqft
    2022-12-01 0 days 1,690 sqft
    2023-01-01 0 days 1,728 sqft
    2023-02-01 0 days 1,718 sqft
    2023-03-01 0 days 1,740 sqft
    2023-04-01 0 days 1,642 sqft
    2023-05-01 0 days 1,633 sqft
    2023-06-01 0 days 1,688 sqft
    2023-07-01 0 days 1,634 sqft
    2023-08-01 0 days 1,635 sqft
    2023-09-01 0 days 1,620 sqft
    2023-10-01 0 days 1,626 sqft
    2023-11-01 0 days 1,704 sqft
    2023-12-01 0 days 1,668 sqft
    2024-01-01 0 days 1,705 sqft
    2024-02-01 0 days 1,671 sqft
    2024-03-01 0 days 1,780 sqft
    2024-04-01 0 days 1,763 sqft
    2024-05-01 0 days 1,681 sqft
    2024-06-01 0 days 1,662 sqft
    2024-07-01 0 days 1,672 sqft
    2024-08-01 0 days 1,660 sqft
    2024-09-01 0 days 1,642 sqft
    2024-10-01 0 days 1,633 sqft
    2024-11-01 0 days 1,615 sqft
    Port Lavaca's median listing age (time on market) for 2024-11-01 was 0 days.

    Port Lavaca's median square footage for active listings during the 2024-11-01 period was 1,615 sqft. One year prior, the average listing was 1,704 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.