San Angelo VA Loan Rates, Closing Costs & Stats

SAN ANGELO, 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.

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 6.45% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

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

The average rate for the prior week (2024-05-31) was 7.06% and one month ago for the week of 2024-05-03, the average rate was 6.88%.

The average rate one year ago was 6.68%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.59%.

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
2024-04-01 $299,000 (-8.0%) $371,089 (-5.8%) 0.00 411
2024-05-01 $299,900 (-9.6%) $368,368 (-9.2%) 0.00 429
San Angelo's median listing price for 2024-05-01 was $299,900, a difference of $-32,000 (-9.6%) versus the prior year and $900 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 2024-05-01 was $368,368, a difference of $-37,110 (-9.2%) versus the prior year and $-2,721 versus the prior month.

For the 2024-05-01 period, San Angelo had 429 MLS listings, a difference of 18 listings (4%) versus the prior month and 120 listings (39%) 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
2024-04-01 0 days 1,834 sqft
2024-05-01 0 days 1,796 sqft
San Angelo's median listing age (time on market) for 2024-05-01 was 0 days.

San Angelo's median square footage for active listings during the 2024-05-01 period was 1,796 sqft. One year prior, the average listing was 1,950 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.