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 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 5.97% for the week of 2024-10-04, compared to the national average (all VA variants) of 5.596% for the same period.

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

The average rate for the prior week (2024-09-27) was 6.1% and one month ago for the week of 2024-08-30, the average rate was 6.02%.

The average rate one year ago was 7.36%.

For refis of the same type during the week of 2024-10-04, the average rate was 5.4%.

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 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
Port Lavaca's median listing price for 2024-09-01 was $357,425, a difference of $35,425 (11.0%) versus the prior year and $3,700 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 2024-09-01 was $458,461, a difference of $61,687 (15.6%) versus the prior year and $31,957 versus the prior month.

For the 2024-09-01 period, Port Lavaca had 151 MLS listings, a difference of 0 listings (0%) versus the prior month and 36 listings (31%) 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
Port Lavaca's median listing age (time on market) for 2024-09-01 was 0 days.

Port Lavaca's median square footage for active listings during the 2024-09-01 period was 1,642 sqft. One year prior, the average listing was 1,620 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.