Rio Grande City VA Loan Rates, Closing Costs & Stats

Rio Grande City-Roma, 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.

    Rio Grande City's 5 lenders originated 5 VA loans during 2023. The total origination value was $1,525,000, with an average VA loan value of $305,000.

    Rio Grande City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Rio Grande City averaged 6.29% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Rio Grande City's average VA mortgage closing costs are $5,163.

    The average rate for the prior week (2024-12-06) was 6.63% and one month ago for the week of 2024-11-08, the average rate was 6.42%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

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

    Rio Grande City 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 Rio Grande City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.88% $9,409
    CMG MORTGAGE, INC. 1 7.25% $7,481
    GUARANTEED RATE, INC. 1 6.63% $933
    Mortgage Research Center, LLC 1 6.75% $4,283
    USAA Federal Savings Bank 1 5.50% $11,161

    The top Rio Grande City VA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 1 VA loans originated. Their average total fees are $9,409, which is $1,928 higher than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Rio Grande City VA lenders (with over 10 loans originated) are .

    The lowest rate Rio Grande City VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Rio Grande City (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 $139,500 (9.5%) $163,584 (4.3%) 0.00 63
    2018-02-01 $126,000 (-2.7%) $156,894 (0.5%) 0.00 61
    2018-03-01 $129,000 (0.4%) $154,499 (-1.5%) 0.00 60
    2018-04-01 $140,750 (8.4%) $163,187 (3.8%) 0.00 50
    2018-05-01 $129,000 (0.8%) $157,840 (11.1%) 0.00 49
    2018-06-01 $129,000 (-3.7%) $159,327 (-0.9%) 0.00 46
    2018-07-01 $122,250 (-4.9%) $158,517 (2.0%) 0.00 46
    2018-08-01 $119,000 (-1.5%) $162,736 (8.7%) 0.00 41
    2018-09-01 $117,000 (-7.5%) $156,122 (0.9%) 0.00 41
    2018-10-01 $114,500 (-10.7%) $154,029 (0.7%) 0.00 44
    2018-11-01 $118,750 (-9.0%) $157,851 (2.5%) 0.00 50
    2018-12-01 $136,194 (-2.4%) $164,756 (2.8%) 0.00 51
    2019-01-01 $143,844 (3.1%) $163,664 (0.1%) 0.00 58
    2019-02-01 $143,377 (13.8%) $159,116 (1.4%) 0.00 62
    2019-03-01 $147,429 (14.3%) $160,745 (4.0%) 0.00 62
    2019-04-01 $147,304 (4.7%) $162,576 (-0.4%) 0.00 60
    2019-05-01 $149,000 (15.5%) $163,908 (3.8%) 0.00 59
    2019-06-01 $130,000 (0.8%) $170,881 (7.3%) 0.00 55
    2019-07-01 $141,513 (15.8%) $170,838 (7.8%) 0.00 60
    2019-08-01 $136,109 (14.4%) $164,307 (1.0%) 0.00 61
    2019-09-01 $124,235 (6.2%) $154,025 (-1.3%) 0.00 61
    2019-10-01 $115,000 (0.4%) $145,784 (-5.4%) 0.00 71
    2019-11-01 $115,000 (-3.2%) $150,352 (-4.8%) 0.00 76
    2019-12-01 $115,000 (-15.6%) $139,125 (-15.6%) 0.00 84
    2020-01-01 $115,000 (-20.1%) $142,326 (-13.0%) 0.00 90
    2020-02-01 $115,000 (-19.8%) $139,912 (-12.1%) 0.00 94
    2020-03-01 $115,000 (-22.0%) $139,105 (-13.5%) 0.00 99
    2020-04-01 $114,500 (-22.3%) $154,037 (-5.3%) 0.00 98
    2020-05-01 $114,500 (-23.2%) $154,842 (-5.5%) 0.00 98
    2020-06-01 $111,750 (-14.0%) $152,068 (-11.0%) 0.00 95
    2020-07-01 $114,000 (-19.4%) $154,514 (-9.6%) 0.00 92
    2020-08-01 $115,000 (-15.5%) $156,571 (-4.7%) 0.00 88
    2020-09-01 $115,000 (-7.4%) $139,283 (-9.6%) 0.00 81
    2020-10-01 $115,000 (0.0%) $141,258 (-3.1%) 0.00 83
    2020-11-01 $115,000 (0.0%) $147,215 (-2.1%) 0.00 81
    2020-12-01 $115,000 (0.0%) $153,567 (10.4%) 0.00 77
    2021-01-01 $145,000 (26.1%) $170,409 (19.7%) 0.00 59
    2021-02-01 $150,000 (30.4%) $175,639 (25.5%) 0.00 60
    2021-03-01 $150,000 (30.4%) $170,401 (22.5%) 0.00 54
    2021-04-01 $149,750 (30.8%) $165,623 (7.5%) 0.00 55
    2021-05-01 $157,250 (37.3%) $169,132 (9.2%) 0.00 51
    2021-06-01 $174,999 (56.6%) $186,940 (22.9%) 0.00 47
    2021-07-01 $165,000 (44.7%) $298,803 (93.4%) 0.00 49
    2021-08-01 $165,000 (43.5%) $298,578 (90.7%) 0.00 47
    2021-09-01 $166,250 (44.6%) $311,077 (123.3%) 0.00 42
    2021-10-01 $172,500 (50.0%) $305,863 (116.5%) 0.00 50
    2021-11-01 $169,950 (47.8%) $289,778 (96.8%) 0.00 59
    2021-12-01 $164,250 (42.8%) $286,297 (86.4%) 0.00 58
    2022-01-01 $172,500 (19.0%) $300,729 (76.5%) 0.00 55
    2022-02-01 $170,000 (13.3%) $299,441 (70.5%) 0.00 57
    2022-03-01 $177,500 (18.3%) $319,461 (87.5%) 0.00 49
    2022-04-01 $186,922 (24.8%) $329,515 (99.0%) 0.00 48
    2022-05-01 $202,375 (28.7%) $316,942 (87.4%) 0.00 55
    2022-06-01 $217,000 (24.0%) $334,722 (79.1%) 0.00 50
    2022-07-01 $229,500 (39.1%) $326,878 (9.4%) 0.00 52
    2022-08-01 $234,000 (41.8%) $318,197 (6.6%) 0.00 62
    2022-09-01 $234,950 (41.3%) $300,326 (-3.5%) 0.00 78
    2022-10-01 $239,250 (38.7%) $300,844 (-1.6%) 0.00 75
    2022-11-01 $243,850 (43.5%) $310,733 (7.2%) 0.00 73
    2022-12-01 $241,500 (47.0%) $310,611 (8.5%) 0.00 75
    2023-01-01 $243,850 (41.4%) $315,303 (4.9%) 0.00 72
    2023-02-01 $237,125 (39.5%) $313,133 (4.6%) 0.00 70
    2023-03-01 $228,000 (28.5%) $309,683 (-3.1%) 0.00 71
    2023-04-01 $219,333 (17.3%) $306,663 (-6.9%) 0.00 66
    2023-05-01 $220,125 (8.8%) $311,909 (-1.6%) 0.00 65
    2023-06-01 $206,250 (-5.0%) $311,964 (-6.8%) 0.00 66
    2023-07-01 $229,900 (0.2%) $321,503 (-1.6%) 0.00 70
    2023-08-01 $229,900 (-1.8%) $331,302 (4.1%) 0.00 70
    2023-09-01 $229,950 (-2.1%) $329,303 (9.7%) 0.00 72
    2023-10-01 $229,900 (-3.9%) $317,377 (5.5%) 0.00 75
    2023-11-01 $228,950 (-6.1%) $313,123 (0.8%) 0.00 75
    2023-12-01 $224,500 (-7.0%) $306,182 (-1.4%) 0.00 75
    2024-01-01 $223,450 (-8.4%) $300,719 (-4.6%) 0.00 75
    2024-02-01 $216,950 (-8.5%) $298,214 (-4.8%) 0.00 74
    2024-03-01 $216,950 (-4.9%) $291,350 (-5.9%) 0.00 85
    2024-04-01 $221,250 (0.9%) $305,807 (-0.3%) 0.00 82
    2024-05-01 $227,500 (3.4%) $306,131 (-1.9%) 0.00 88
    2024-06-01 $239,000 (15.9%) $329,686 (5.7%) 0.00 86
    2024-07-01 $235,000 (2.2%) $272,376 (-15.3%) 0.00 85
    2024-08-01 $230,000 (0.0%) $268,870 (-18.8%) 0.00 86
    2024-09-01 $225,738 (-1.8%) $265,889 (-19.3%) 0.00 89
    2024-10-01 $218,500 (-5.0%) $259,546 (-18.2%) 0.00 90
    2024-11-01 $219,000 (-4.4%) $261,977 (-16.3%) 0.00 101
    Rio Grande City's median listing price for 2024-11-01 was $219,000, a difference of $-9,950 (-4.4%) versus the prior year and $500 versus the prior month.

    Rio Grande City's median listing price comes in at 0% of the national average.

    Rio Grande City's average listing price for 2024-11-01 was $261,977, a difference of $-51,146 (-16.3%) versus the prior year and $2,431 versus the prior month.

    For the 2024-11-01 period, Rio Grande City had 101 MLS listings, a difference of 11 listings (12%) versus the prior month and 26 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rio Grande City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,891 sqft
    2018-02-01 0 days 1,823 sqft
    2018-03-01 0 days 1,847 sqft
    2018-04-01 0 days 1,887 sqft
    2018-05-01 0 days 1,846 sqft
    2018-06-01 0 days 1,900 sqft
    2018-07-01 0 days 1,823 sqft
    2018-08-01 0 days 1,975 sqft
    2018-09-01 0 days 1,823 sqft
    2018-10-01 0 days 1,813 sqft
    2018-11-01 0 days 1,813 sqft
    2018-12-01 0 days 1,926 sqft
    2019-01-01 0 days 1,894 sqft
    2019-02-01 0 days 1,839 sqft
    2019-03-01 0 days 1,917 sqft
    2019-04-01 0 days 1,926 sqft
    2019-05-01 0 days 1,943 sqft
    2019-06-01 0 days 1,844 sqft
    2019-07-01 0 days 1,834 sqft
    2019-08-01 0 days 1,740 sqft
    2019-09-01 0 days 1,615 sqft
    2019-10-01 0 days 1,524 sqft
    2019-11-01 0 days 1,466 sqft
    2019-12-01 0 days 1,466 sqft
    2020-01-01 0 days 1,408 sqft
    2020-02-01 0 days 1,415 sqft
    2020-03-01 0 days 1,325 sqft
    2020-04-01 0 days 1,415 sqft
    2020-05-01 0 days 1,418 sqft
    2020-06-01 0 days 1,329 sqft
    2020-07-01 0 days 1,328 sqft
    2020-08-01 0 days 1,305 sqft
    2020-09-01 0 days 1,280 sqft
    2020-10-01 0 days 1,305 sqft
    2020-11-01 0 days 1,391 sqft
    2020-12-01 0 days 1,443 sqft
    2021-01-01 0 days 1,768 sqft
    2021-02-01 0 days 1,852 sqft
    2021-03-01 0 days 1,901 sqft
    2021-04-01 0 days 1,864 sqft
    2021-05-01 0 days 1,846 sqft
    2021-06-01 0 days 1,900 sqft
    2021-07-01 0 days 1,872 sqft
    2021-08-01 0 days 1,779 sqft
    2021-09-01 0 days 1,777 sqft
    2021-10-01 0 days 1,655 sqft
    2021-11-01 0 days 1,670 sqft
    2021-12-01 0 days 1,633 sqft
    2022-01-01 0 days 1,690 sqft
    2022-02-01 0 days 1,791 sqft
    2022-03-01 0 days 1,741 sqft
    2022-04-01 0 days 1,793 sqft
    2022-05-01 0 days 1,804 sqft
    2022-06-01 0 days 1,878 sqft
    2022-07-01 0 days 1,878 sqft
    2022-08-01 0 days 1,836 sqft
    2022-09-01 0 days 1,845 sqft
    2022-10-01 0 days 1,909 sqft
    2022-11-01 0 days 1,887 sqft
    2022-12-01 0 days 1,844 sqft
    2023-01-01 0 days 1,845 sqft
    2023-02-01 0 days 1,846 sqft
    2023-03-01 0 days 1,853 sqft
    2023-04-01 0 days 1,816 sqft
    2023-05-01 0 days 1,795 sqft
    2023-06-01 0 days 1,738 sqft
    2023-07-01 0 days 1,802 sqft
    2023-08-01 0 days 1,825 sqft
    2023-09-01 0 days 1,802 sqft
    2023-10-01 0 days 1,786 sqft
    2023-11-01 0 days 1,767 sqft
    2023-12-01 0 days 1,783 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,716 sqft
    2024-03-01 0 days 1,598 sqft
    2024-04-01 0 days 1,716 sqft
    2024-05-01 0 days 1,685 sqft
    2024-06-01 0 days 1,792 sqft
    2024-07-01 0 days 1,781 sqft
    2024-08-01 0 days 1,741 sqft
    2024-09-01 0 days 1,759 sqft
    2024-10-01 0 days 1,776 sqft
    2024-11-01 0 days 1,756 sqft
    Rio Grande City's median listing age (time on market) for 2024-11-01 was 0 days.

    Rio Grande City's median square footage for active listings during the 2024-11-01 period was 1,756 sqft. One year prior, the average listing was 1,767 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.