San Angelo VA Loan Rates, Closing Costs & Stats

SAN ANGELO, 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.

    San Angelo's 52 lenders originated 250 VA loans during 2023. The total origination value was $73,740,000, with an average VA loan value of $294,960.

    San Angelo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in San Angelo averaged 7.02% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    San Angelo's average VA mortgage closing costs are $6,658.

    The average rate for the prior week (2024-04-12) was 6.75% and one month ago for the week of 2024-03-15, the average rate was 6.51%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    San Angelo 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 San Angelo level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 52 6.60% $5,611
    MORTGAGE FINANCIAL SERVICES, LLC 31 6.56% $10,118
    NAVY FEDERAL CREDIT UNION 18 5.75% $6,385
    AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.67% $11,241
    First Financial Bank 16 6.41% $10,321
    GUILD MORTGAGE COMPANY 12 6.81% $11,487
    USAA Federal Savings Bank 10 6.28% $8,631
    UNITED WHOLESALE MORTGAGE, LLC 8 6.47% $4,060
    T2 FINANCIAL LLC 7 6.40% $7,595
    QUICKEN LOANS, LLC 7 5.85% $13,102
    GUARANTEED RATE, INC. 5 6.95% $6,822
    University Bank 5 6.05% $11,076
    PENNYMAC LOAN SERVICES, LLC 5 6.48% $7,722
    GENEVA FINANCIAL, LLC 3 7.29% $9,988
    Flagstar Bank, FSB 2 6.51% $8,549
    PENTAGON FEDERAL CREDIT UNION 2 5.81% $5,119
    Plains Commerce Bank 2 6.31% $9,371
    GoPrime Mortgage, Inc. 2 7.13% $5,346
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.44% $10,949
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $3,808
    NATIONS RELIABLE LENDING, LLC 2 7.75% $6,692
    FREEDOM MORTGAGE CORPORATION 2 6.06% $18,973
    Prosperity Bank 1 5.63% $7,882
    Prosperity Home Mortgage, LLC 1 6.62% $3,939
    RADIUS FINANCIAL GROUP INC. 1 7.00% $3,584
    RB MORTGAGE LLC 1 6.88% $1,072
    The Loan Store, Inc. 1 5.25% $6,875
    TIB The Independent Bankersbank 1 6.50% $5,253
    TOWNE MORTGAGE COMPANY 1 6.63% $4,347
    ACADEMY MORTGAGE CORPORATION 1 6.63% $10,509
    ZILLOW HOME LOANS, LLC 1 7.38% $6,092
    AMCAP MORTGAGE, LTD. 1 5.49% $9,156
    Bank of England 1 6.75% $10,523
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $8,235
    Equity Prime Mortgage LLC 1 7.75% $13,293
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $6,741
    GARDNER FINANCIAL SERVICES, LTD. 1 5.75% $18,859
    Gateway First Bank 1 6.88% $1,072
    Ixonia Bank 1 6.75% $10,548
    JMJ FINANCIAL GROUP 1 5.88% $16,116
    LEGEND LENDING CORPORATION 1 6.75% $17,066
    LOANDEPOT.COM, LLC 1 7.25% $10,115
    MEMBER FIRST MORTGAGE, LLC 1 6.13% $5,629
    MID AMERICA MORTGAGE, INC. 1 6.75% $20,577
    MOVEMENT MORTGAGE, LLC 1 6.25% $21,707
    Nations Lending Corporation 1 7.75% $2,161
    NBKC BANK 1 5.63% $4,079
    Network Funding, L.P. 1 7.00% $14,884
    NEWREZ LLC 1 5.75% $16,091
    OPEN MORTGAGE, LLC 1 5.75% $3,011
    PLAZA HOME MORTGAGE, INC. 1 6.50% $2,795
    PREMIA MORTGAGE, LLC 1 6.00% $10,435

    The top San Angelo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 52 VA loans originated. Their average total fees are $5,611, which is $4,507 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

    The lowest fee San Angelo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,611), NAVY FEDERAL CREDIT UNION ($6,385), USAA Federal Savings Bank ($8,631), MORTGAGE FINANCIAL SERVICES, LLC ($10,118) and First Financial Bank ($10,321).

    The lowest rate San Angelo VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.75%), USAA Federal Savings Bank (6.28%), First Financial Bank (6.41%), MORTGAGE FINANCIAL SERVICES, LLC (6.56%) and Mortgage Research Center, LLC (6.60%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - San Angelo (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 $193,500 (-5.1%) $259,929 (0.6%) 0.00 492
    2018-02-01 $194,250 (-3.8%) $269,853 (5.6%) 0.00 455
    2018-03-01 $199,000 (-2.9%) $274,516 (6.1%) 0.00 448
    2018-04-01 $217,950 (7.6%) $296,002 (14.7%) 0.00 413
    2018-05-01 $219,450 (11.0%) $298,940 (18.3%) 0.00 388
    2018-06-01 $217,950 (10.0%) $293,301 (16.1%) 0.00 415
    2018-07-01 $200,200 (1.1%) $280,454 (9.8%) 0.00 435
    2018-08-01 $216,000 (9.2%) $286,975 (11.0%) 0.00 444
    2018-09-01 $224,900 (14.2%) $293,678 (13.9%) 0.00 455
    2018-10-01 $224,900 (15.3%) $298,724 (18.3%) 0.00 443
    2018-11-01 $216,525 (11.0%) $294,076 (14.9%) 0.00 441
    2018-12-01 $210,000 (6.6%) $295,512 (12.5%) 0.00 407
    2019-01-01 $211,725 (9.4%) $283,416 (9.0%) 0.00 409
    2019-02-01 $222,413 (14.5%) $291,622 (8.1%) 0.00 396
    2019-03-01 $229,349 (15.3%) $301,425 (9.8%) 0.00 387
    2019-04-01 $240,924 (10.5%) $309,528 (4.6%) 0.00 390
    2019-05-01 $249,900 (13.9%) $316,786 (6.0%) 0.00 373
    2019-06-01 $249,900 (14.7%) $322,701 (10.0%) 0.00 340
    2019-07-01 $248,950 (24.4%) $323,569 (15.4%) 0.00 336
    2019-08-01 $253,545 (17.4%) $332,790 (16.0%) 0.00 334
    2019-09-01 $245,364 (9.1%) $331,833 (13.0%) 0.00 333
    2019-10-01 $234,475 (4.3%) $326,227 (9.2%) 0.00 340
    2019-11-01 $236,000 (9.0%) $321,910 (9.5%) 0.00 341
    2019-12-01 $237,975 (13.3%) $323,910 (9.6%) 0.00 329
    2020-01-01 $248,475 (17.4%) $322,255 (13.7%) 0.00 312
    2020-02-01 $256,900 (15.5%) $325,603 (11.7%) 0.00 300
    2020-03-01 $264,975 (15.5%) $334,379 (10.9%) 0.00 289
    2020-04-01 $264,725 (9.9%) $329,410 (6.4%) 0.00 311
    2020-05-01 $274,900 (10.0%) $353,475 (11.6%) 0.00 263
    2020-06-01 $277,975 (11.2%) $365,166 (13.2%) 0.00 246
    2020-07-01 $276,675 (11.1%) $374,731 (15.8%) 0.00 239
    2020-08-01 $265,000 (4.5%) $351,777 (5.7%) 0.00 236
    2020-09-01 $255,500 (4.1%) $343,637 (3.6%) 0.00 210
    2020-10-01 $267,450 (14.1%) $353,369 (8.3%) 0.00 208
    2020-11-01 $270,000 (14.4%) $354,607 (10.2%) 0.00 207
    2020-12-01 $258,200 (8.5%) $344,715 (6.4%) 0.00 211
    2021-01-01 $265,400 (6.8%) $348,623 (8.2%) 0.00 184
    2021-02-01 $264,400 (2.9%) $365,778 (12.3%) 0.00 167
    2021-03-01 $257,500 (-2.8%) $383,104 (14.6%) 0.00 146
    2021-04-01 $279,950 (5.8%) $421,712 (28.0%) 0.00 134
    2021-05-01 $274,500 (-0.2%) $412,822 (16.8%) 0.00 140
    2021-06-01 $270,000 (-2.9%) $406,541 (11.3%) 0.00 149
    2021-07-01 $245,000 (-11.5%) $359,473 (-4.1%) 0.00 197
    2021-08-01 $247,225 (-6.7%) $342,247 (-2.7%) 0.00 222
    2021-09-01 $255,000 (-0.2%) $366,429 (6.6%) 0.00 228
    2021-10-01 $258,000 (-3.5%) $376,317 (6.5%) 0.00 226
    2021-11-01 $266,000 (-1.5%) $373,098 (5.2%) 0.00 233
    2021-12-01 $262,250 (1.6%) $367,163 (6.5%) 0.00 208
    2022-01-01 $263,250 (-0.8%) $358,225 (2.8%) 0.00 202
    2022-02-01 $268,475 (1.5%) $366,554 (0.2%) 0.00 174
    2022-03-01 $279,675 (8.6%) $372,897 (-2.7%) 0.00 166
    2022-04-01 $259,950 (-7.1%) $355,276 (-15.8%) 0.00 166
    2022-05-01 $288,000 (4.9%) $357,227 (-13.5%) 0.00 190
    2022-06-01 $276,000 (2.2%) $342,605 (-15.7%) 0.00 260
    2022-07-01 $265,000 (8.2%) $314,098 (-12.6%) 0.00 312
    2022-08-01 $265,000 (7.2%) $316,829 (-7.4%) 0.00 341
    2022-09-01 $278,000 (9.0%) $330,889 (-9.7%) 0.00 357
    2022-10-01 $279,000 (8.1%) $326,927 (-13.1%) 0.00 367
    2022-11-01 $299,900 (12.7%) $351,302 (-5.8%) 0.00 378
    2022-12-01 $299,900 (14.4%) $356,775 (-2.8%) 0.00 363
    2023-01-01 $301,450 (14.5%) $363,699 (1.5%) 0.00 347
    2023-02-01 $309,925 (15.4%) $356,823 (-2.7%) 0.00 311
    2023-03-01 $310,975 (11.2%) $366,919 (-1.6%) 0.00 291
    2023-04-01 $325,000 (25.0%) $393,733 (10.8%) 0.00 278
    2023-05-01 $331,900 (15.2%) $405,478 (13.5%) 0.00 309
    2023-06-01 $322,463 (16.8%) $391,598 (14.3%) 0.00 321
    2023-07-01 $322,450 (21.7%) $385,107 (22.6%) 0.00 335
    2023-08-01 $319,950 (20.7%) $388,083 (22.5%) 0.00 337
    2023-09-01 $315,000 (13.3%) $382,462 (15.6%) 0.00 328
    2023-10-01 $297,300 (6.6%) $363,904 (11.3%) 0.00 392
    2023-11-01 $287,125 (-4.3%) $365,091 (3.9%) 0.00 375
    2023-12-01 $285,000 (-5.0%) $363,410 (1.9%) 0.00 405
    2024-01-01 $284,000 (-5.8%) $358,410 (-1.5%) 0.00 401
    2024-02-01 $288,750 (-6.8%) $364,085 (2.0%) 0.00 382
    2024-03-01 $298,750 (-3.9%) $370,784 (1.1%) 0.00 395
    San Angelo's median listing price for 2024-03-01 was $298,750, a difference of $-12,225 (-3.9%) versus the prior year and $10,000 versus the prior month.

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

    San Angelo's average listing price for 2024-03-01 was $370,784, a difference of $3,865 (1.1%) versus the prior year and $6,699 versus the prior month.

    For the 2024-03-01 period, San Angelo had 395 MLS listings, a difference of 13 listings (3%) versus the prior month and 104 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - San Angelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,847 sqft
    2018-02-01 0 days 1,867 sqft
    2018-03-01 0 days 1,874 sqft
    2018-04-01 0 days 1,912 sqft
    2018-05-01 0 days 1,914 sqft
    2018-06-01 0 days 1,924 sqft
    2018-07-01 0 days 1,882 sqft
    2018-08-01 0 days 1,899 sqft
    2018-09-01 0 days 1,932 sqft
    2018-10-01 0 days 1,952 sqft
    2018-11-01 0 days 1,949 sqft
    2018-12-01 0 days 1,940 sqft
    2019-01-01 0 days 1,896 sqft
    2019-02-01 0 days 1,881 sqft
    2019-03-01 0 days 1,922 sqft
    2019-04-01 0 days 1,980 sqft
    2019-05-01 0 days 2,003 sqft
    2019-06-01 0 days 1,973 sqft
    2019-07-01 0 days 1,975 sqft
    2019-08-01 0 days 1,997 sqft
    2019-09-01 0 days 1,981 sqft
    2019-10-01 0 days 1,946 sqft
    2019-11-01 0 days 1,909 sqft
    2019-12-01 0 days 1,868 sqft
    2020-01-01 0 days 1,892 sqft
    2020-02-01 0 days 1,952 sqft
    2020-03-01 0 days 1,998 sqft
    2020-04-01 0 days 1,977 sqft
    2020-05-01 0 days 2,039 sqft
    2020-06-01 0 days 2,050 sqft
    2020-07-01 0 days 1,994 sqft
    2020-08-01 0 days 1,922 sqft
    2020-09-01 0 days 1,886 sqft
    2020-10-01 0 days 1,960 sqft
    2020-11-01 0 days 1,956 sqft
    2020-12-01 0 days 1,873 sqft
    2021-01-01 0 days 1,830 sqft
    2021-02-01 0 days 1,890 sqft
    2021-03-01 0 days 1,977 sqft
    2021-04-01 0 days 1,988 sqft
    2021-05-01 0 days 1,904 sqft
    2021-06-01 0 days 1,904 sqft
    2021-07-01 0 days 1,858 sqft
    2021-08-01 0 days 1,836 sqft
    2021-09-01 0 days 1,878 sqft
    2021-10-01 0 days 1,913 sqft
    2021-11-01 0 days 1,863 sqft
    2021-12-01 0 days 1,904 sqft
    2022-01-01 0 days 1,828 sqft
    2022-02-01 0 days 1,827 sqft
    2022-03-01 0 days 1,890 sqft
    2022-04-01 0 days 1,788 sqft
    2022-05-01 0 days 1,766 sqft
    2022-06-01 0 days 1,803 sqft
    2022-07-01 0 days 1,784 sqft
    2022-08-01 0 days 1,800 sqft
    2022-09-01 0 days 1,815 sqft
    2022-10-01 0 days 1,850 sqft
    2022-11-01 0 days 1,867 sqft
    2022-12-01 0 days 1,844 sqft
    2023-01-01 0 days 1,880 sqft
    2023-02-01 0 days 1,872 sqft
    2023-03-01 0 days 1,886 sqft
    2023-04-01 0 days 1,950 sqft
    2023-05-01 0 days 1,950 sqft
    2023-06-01 0 days 1,903 sqft
    2023-07-01 0 days 1,914 sqft
    2023-08-01 0 days 1,895 sqft
    2023-09-01 0 days 1,872 sqft
    2023-10-01 0 days 1,754 sqft
    2023-11-01 0 days 1,770 sqft
    2023-12-01 0 days 1,774 sqft
    2024-01-01 0 days 1,746 sqft
    2024-02-01 0 days 1,743 sqft
    2024-03-01 0 days 1,800 sqft
    San Angelo's median listing age (time on market) for 2024-03-01 was 0 days.

    San Angelo's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,886 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.