Raymondville VA Loan Rates, Closing Costs & Stats

Raymondville, 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.

    Raymondville's 2 lenders originated 2 VA loans during 2023. The total origination value was $900,000, with an average VA loan value of $450,000.

    Raymondville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Raymondville averaged 6.96% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Raymondville's average VA mortgage closing costs are $4,979.

    The average rate for the prior week (2024-04-12) was 6.49% and one month ago for the week of 2024-03-15, the average rate was 6.65%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Raymondville 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 Raymondville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    1ST SIGNATURE LENDING, LLC 1 7.25% $7,994
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $15,010

    The top Raymondville VA lender as defined by loan originations is 1ST SIGNATURE LENDING, LLC, with 1 VA loans originated. Their average total fees are $7,994, which is $7,016 lower than the next largest lender, GUARANTEED RATE AFFINITY, LLC.

    The lowest fee Raymondville VA lenders (with over 10 loans originated) are .

    The lowest rate Raymondville VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Raymondville (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 $194,000 (25.2%) $204,150 (23.4%) 0.00 53
    2018-02-01 $183,225 (22.2%) $204,180 (25.0%) 0.00 51
    2018-03-01 $176,950 (31.1%) $191,700 (18.6%) 0.00 48
    2018-04-01 $182,500 (21.8%) $194,357 (15.1%) 0.00 49
    2018-05-01 $186,175 (16.9%) $191,777 (14.3%) 0.00 45
    2018-06-01 $155,000 (-2.5%) $179,972 (6.2%) 0.00 49
    2018-07-01 $173,200 (12.1%) $192,533 (21.3%) 0.00 51
    2018-08-01 $155,750 (-3.9%) $181,250 (13.2%) 0.00 52
    2018-09-01 $169,000 (-6.1%) $183,334 (-1.4%) 0.00 49
    2018-10-01 $169,500 (-15.0%) $188,212 (-5.4%) 0.00 49
    2018-11-01 $170,475 (-14.4%) $186,857 (-9.1%) 0.00 44
    2018-12-01 $189,000 (-2.6%) $200,974 (-0.4%) 0.00 40
    2019-01-01 $163,225 (-15.9%) $185,878 (-9.0%) 0.00 42
    2019-02-01 $178,500 (-2.6%) $196,813 (-3.6%) 0.00 37
    2019-03-01 $175,000 (-1.1%) $197,883 (3.2%) 0.00 36
    2019-04-01 $181,225 (-0.7%) $203,390 (4.7%) 0.00 36
    2019-05-01 $194,225 (4.3%) $211,017 (10.0%) 0.00 36
    2019-06-01 $150,000 (-3.2%) $205,429 (14.1%) 0.00 36
    2019-07-01 $149,975 (-13.4%) $201,445 (4.6%) 0.00 36
    2019-08-01 $205,964 (32.2%) $222,103 (22.5%) 0.00 37
    2019-09-01 $230,734 (36.5%) $252,263 (37.6%) 0.00 37
    2019-10-01 $246,998 (45.7%) $271,673 (44.3%) 0.00 37
    2019-11-01 $248,500 (45.8%) $267,088 (42.9%) 0.00 38
    2019-12-01 $261,363 (38.3%) $307,761 (53.1%) 0.00 34
    2020-01-01 $258,225 (58.2%) $303,390 (63.2%) 0.00 34
    2020-02-01 $244,000 (36.7%) $279,272 (41.9%) 0.00 34
    2020-03-01 $225,000 (28.6%) $270,534 (36.7%) 0.00 33
    2020-04-01 $197,288 (8.9%) $253,470 (24.6%) 0.00 30
    2020-05-01 $224,000 (15.3%) $264,274 (25.2%) 0.00 29
    2020-06-01 $224,500 (49.7%) $270,839 (31.8%) 0.00 28
    2020-07-01 $232,500 (55.0%) $296,116 (47.0%) 0.00 27
    2020-08-01 $235,500 (14.3%) $303,913 (36.8%) 0.00 23
    2020-09-01 $220,000 (-4.7%) $313,654 (24.3%) 0.00 23
    2020-10-01 $215,000 (-13.0%) $298,483 (9.9%) 0.00 26
    2020-11-01 $184,725 (-25.7%) $279,156 (4.5%) 0.00 26
    2020-12-01 $210,000 (-19.7%) $266,139 (-13.5%) 0.00 27
    2021-01-01 $175,000 (-32.2%) $252,850 (-16.7%) 0.00 23
    2021-02-01 $172,000 (-29.5%) $232,965 (-16.6%) 0.00 14
    2021-03-01 $171,225 (-23.9%) $227,486 (-15.9%) 0.00 17
    2021-04-01 $210,000 (6.4%) $302,762 (19.5%) 0.00 22
    2021-05-01 $255,000 (13.8%) $326,158 (23.4%) 0.00 17
    2021-06-01 $217,500 (-3.1%) $295,610 (9.2%) 0.00 15
    2021-07-01 $283,500 (21.9%) $329,838 (11.4%) 0.00 16
    2021-08-01 $275,625 (17.0%) $304,808 (0.3%) 0.00 19
    2021-09-01 $293,950 (33.6%) $321,085 (2.4%) 0.00 19
    2021-10-01 $214,500 (-0.2%) $282,890 (-5.2%) 0.00 19
    2021-11-01 $375,000 (103.0%) $324,097 (16.1%) 0.00 19
    2021-12-01 $188,500 (-10.2%) $278,436 (4.6%) 0.00 17
    2022-01-01 $175,000 (0.0%) $271,830 (7.5%) 0.00 17
    2022-02-01 $208,750 (21.4%) $280,203 (20.3%) 0.00 13
    2022-03-01 $257,250 (50.2%) $337,037 (48.2%) 0.00 12
    2022-04-01 $279,000 (32.9%) $428,227 (41.4%) 0.00 12
    2022-05-01 $284,000 (11.4%) $433,534 (32.9%) 0.00 10
    2022-06-01 $209,125 (-3.9%) $395,755 (33.9%) 0.00 13
    2022-07-01 $229,500 (-19.1%) $403,825 (22.4%) 0.00 15
    2022-08-01 $236,375 (-14.2%) $396,644 (30.1%) 0.00 17
    2022-09-01 $273,495 (-7.0%) $466,464 (45.3%) 0.00 20
    2022-10-01 $359,950 (67.8%) $443,569 (56.8%) 0.00 21
    2022-11-01 $338,000 (-9.9%) $401,495 (23.9%) 0.00 21
    2022-12-01 $225,250 (19.5%) $335,851 (20.6%) 0.00 20
    2023-01-01 $213,000 (21.7%) $330,229 (21.5%) 0.00 21
    2023-02-01 $200,000 (-4.2%) $297,286 (6.1%) 0.00 21
    2023-03-01 $216,000 (-16.0%) $320,674 (-4.9%) 0.00 22
    2023-04-01 $210,000 (-24.7%) $305,033 (-28.8%) 0.00 23
    2023-05-01 $212,500 (-25.2%) $331,667 (-23.5%) 0.00 21
    2023-06-01 $242,500 (16.0%) $340,485 (-14.0%) 0.00 19
    2023-07-01 $194,750 (-15.1%) $262,257 (-35.1%) 0.00 20
    2023-08-01 $196,000 (-17.1%) $257,897 (-35.0%) 0.00 17
    2023-09-01 $215,000 (-21.4%) $232,544 (-50.2%) 0.00 25
    2023-10-01 $231,000 (-35.8%) $257,392 (-42.0%) 0.00 30
    2023-11-01 $272,000 (-19.5%) $294,444 (-26.7%) 0.00 29
    2023-12-01 $279,000 (23.9%) $304,044 (-9.5%) 0.00 30
    2024-01-01 $307,500 (44.4%) $324,708 (-1.7%) 0.00 26
    2024-02-01 $273,250 (36.6%) $322,062 (8.3%) 0.00 28
    2024-03-01 $285,000 (31.9%) $340,817 (6.3%) 0.00 26
    Raymondville's median listing price for 2024-03-01 was $285,000, a difference of $69,000 (31.9%) versus the prior year and $11,750 versus the prior month.

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

    Raymondville's average listing price for 2024-03-01 was $340,817, a difference of $20,143 (6.3%) versus the prior year and $18,755 versus the prior month.

    For the 2024-03-01 period, Raymondville had 26 MLS listings, a difference of -2 listings (-7%) versus the prior month and 4 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Raymondville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,973 sqft
    2018-02-01 0 days 2,061 sqft
    2018-03-01 0 days 1,956 sqft
    2018-04-01 0 days 1,973 sqft
    2018-05-01 0 days 1,898 sqft
    2018-06-01 0 days 1,656 sqft
    2018-07-01 0 days 1,708 sqft
    2018-08-01 0 days 1,612 sqft
    2018-09-01 0 days 1,617 sqft
    2018-10-01 0 days 1,704 sqft
    2018-11-01 0 days 1,617 sqft
    2018-12-01 0 days 1,787 sqft
    2019-01-01 0 days 1,616 sqft
    2019-02-01 0 days 1,621 sqft
    2019-03-01 0 days 1,614 sqft
    2019-04-01 0 days 1,608 sqft
    2019-05-01 0 days 1,618 sqft
    2019-06-01 0 days 1,564 sqft
    2019-07-01 0 days 1,400 sqft
    2019-08-01 0 days 1,505 sqft
    2019-09-01 0 days 1,662 sqft
    2019-10-01 0 days 1,784 sqft
    2019-11-01 0 days 1,919 sqft
    2019-12-01 0 days 1,957 sqft
    2020-01-01 0 days 2,053 sqft
    2020-02-01 0 days 2,007 sqft
    2020-03-01 0 days 1,885 sqft
    2020-04-01 0 days 1,784 sqft
    2020-05-01 0 days 1,784 sqft
    2020-06-01 0 days 1,738 sqft
    2020-07-01 0 days 1,950 sqft
    2020-08-01 0 days 1,977 sqft
    2020-09-01 0 days 2,006 sqft
    2020-10-01 0 days 2,037 sqft
    2020-11-01 0 days 1,997 sqft
    2020-12-01 0 days 2,056 sqft
    2021-01-01 0 days 2,088 sqft
    2021-02-01 0 days 2,056 sqft
    2021-03-01 0 days 1,893 sqft
    2021-04-01 0 days 2,182 sqft
    2021-05-01 0 days 2,278 sqft
    2021-06-01 0 days 1,559 sqft
    2021-07-01 0 days 1,888 sqft
    2021-08-01 0 days 1,685 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,500 sqft
    2021-11-01 0 days 2,409 sqft
    2021-12-01 0 days 2,197 sqft
    2022-01-01 0 days 2,300 sqft
    2022-02-01 0 days 1,784 sqft
    2022-03-01 0 days 1,806 sqft
    2022-04-01 0 days 2,100 sqft
    2022-05-01 0 days 1,926 sqft
    2022-06-01 0 days 1,913 sqft
    2022-07-01 0 days 2,456 sqft
    2022-08-01 0 days 2,448 sqft
    2022-09-01 0 days 2,464 sqft
    2022-10-01 0 days 2,482 sqft
    2022-11-01 0 days 2,482 sqft
    2022-12-01 0 days 1,932 sqft
    2023-01-01 0 days 1,836 sqft
    2023-02-01 0 days 1,670 sqft
    2023-03-01 0 days 1,749 sqft
    2023-04-01 0 days 1,652 sqft
    2023-05-01 0 days 1,694 sqft
    2023-06-01 0 days 1,652 sqft
    2023-07-01 0 days 1,550 sqft
    2023-08-01 0 days 1,550 sqft
    2023-09-01 0 days 1,512 sqft
    2023-10-01 0 days 1,541 sqft
    2023-11-01 0 days 1,640 sqft
    2023-12-01 0 days 1,832 sqft
    2024-01-01 0 days 1,695 sqft
    2024-02-01 0 days 1,695 sqft
    2024-03-01 0 days 1,568 sqft
    Raymondville's median listing age (time on market) for 2024-03-01 was 0 days.

    Raymondville's median square footage for active listings during the 2024-03-01 period was 1,568 sqft. One year prior, the average listing was 1,749 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.