Sherman VA Loan Rates, Closing Costs & Stats

SHERMAN-DENISON, 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.

    Sherman's 67 lenders originated 238 VA loans during 2023. The total origination value was $84,670,000, with an average VA loan value of $355,756.

    Sherman VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sherman averaged 6.39% for the week of 2025-03-28, compared to the national average (all VA variants) of 6.188% for the same period.

    Sherman's average VA mortgage closing costs are $7,038.

    The average rate for the prior week (2025-03-21) was 6.37% and one month ago for the week of 2025-02-21, the average rate was 6.67%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2025-03-28, the average rate was 6.94%.

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

    Sherman 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 Sherman level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 42 6.62% $7,678
    UNITED WHOLESALE MORTGAGE, LLC 17 6.20% $8,025
    GUILD MORTGAGE COMPANY 12 6.48% $9,295
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 5.72% $13,641
    DHI MORTGAGE COMPANY, LTD. 10 5.21% $8,172
    NAVY FEDERAL CREDIT UNION 9 5.67% $5,006
    CROSSCOUNTRY MORTGAGE, LLC 7 6.45% $4,556
    CARDINAL FINANCIAL 7 6.25% $14,752
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 6.93% $8,507
    Town Square Mortgage & Investments, Inc. 6 6.73% $11,975
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.00% $10,232
    GUARANTEED RATE, INC. 5 6.42% $7,702
    Republic State Mortgage Co. 5 6.40% $9,748
    USAA Federal Savings Bank 5 6.20% $12,439
    QUICKEN LOANS, LLC 5 6.30% $5,995
    NFM, INC. 4 6.53% $15,285
    Prosperity Home Mortgage, LLC 4 6.22% $10,655
    First United Bank and Trust Company 4 6.84% $10,227
    CALIBER HOME LOANS, INC. 3 6.04% $14,077
    SFMC, LP 3 6.42% $12,141
    Equity Prime Mortgage LLC 2 7.50% $12,208
    BancorpSouth 2 6.56% $4,246
    CMG MORTGAGE, INC. 2 5.81% $10,997
    EVERETT FINANCIAL, INC. 2 7.19% $12,542
    GUARANTEED RATE AFFINITY, LLC 2 6.19% $5,173
    Independent Bank 2 6.13% $10,750
    Magnolia Bank 2 5.94% $18,191
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $3,300
    NEWREZ LLC 2 6.94% $10,604
    PENNYMAC LOAN SERVICES, LLC 2 5.44% $14,149
    PRIORITY HOME MORTGAGE, L.P. 2 5.38% $1,443
    THE MORTGAGE LINK, INC. 2 6.50% $19,568
    Ixonia Bank 1 5.50% $23,564
    Lincoln Savings Bank 1 6.63% $3,553
    Waterstone Mortgage Corporation 1 7.00% $10,849
    MICHIGAN MUTUAL, INC. 1 5.75% $7,938
    MID AMERICA MORTGAGE, INC. 1 6.75% $4,093
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.38% $26,891
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.49% $5,866
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $1,570
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $4,745
    THRIVE MORTGAGE, LLC 1 6.13% $8,916
    ACADEMY MORTGAGE CORPORATION 1 7.25% $6,190
    NBKC BANK 1 5.63% $21,942
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.88% $7,743
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $9,518
    OPEN MORTGAGE, LLC 1 7.13% $14,079
    Paramount Residential Mortgage Group, Inc. 1 6.99% $100
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $21,467
    Plains Commerce Bank 1 5.25% $18,777
    Cornerstone First Mortgage, Inc 1 5.75% $24,049
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $0
    Citizens Bank 1 6.25% $3,449
    PULTE MORTGAGE LLC 1 5.38% $8,308
    Century Mortgage Company DBA Century Lending Company 1 6.50% $17,605
    Renasant Bank 1 5.50% $15,812
    ASPIRE FINANCIAL, INC. 1 5.63% $20,371
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $17,876
    Strong Home Mortgage, LLC 1 5.50% $13,893
    Gateway First Bank 1 6.75% $1,974
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.99% $9,744
    First National Bank Texas 1 5.88% $8,016
    FIRST CONTINENTAL MORTGAGE, LTD. 1 5.99% $4,194
    FBC MORTGAGE, LLC 1 7.25% $5,926
    SWBC MORTGAGE CORPORATION 1 4.57% $15,389
    INTERCAP LENDING INC. 1 5.88% $9,170
    INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $9,435

    The top Sherman VA lender as defined by loan originations is Mortgage Research Center, LLC, with 42 VA loans originated. Their average total fees are $7,678, which is $347 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Sherman VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,678), UNITED WHOLESALE MORTGAGE, LLC ($8,025), DHI MORTGAGE COMPANY, LTD. ($8,172), GUILD MORTGAGE COMPANY ($9,295) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($13,641).

    The lowest rate Sherman VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.21%), PRIMELENDING, A PLAINSCAPITAL COMPANY (5.72%), UNITED WHOLESALE MORTGAGE, LLC (6.20%), GUILD MORTGAGE COMPANY (6.48%) and Mortgage Research Center, LLC (6.62%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sherman (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 $246,373 (13.4%) $333,732 (11.0%) 0.00 432
    2018-02-01 $259,625 (19.7%) $344,628 (13.0%) 0.00 386
    2018-03-01 $265,000 (17.8%) $347,639 (14.1%) 0.00 387
    2018-04-01 $269,253 (19.7%) $349,751 (14.6%) 0.00 392
    2018-05-01 $269,450 (13.3%) $353,498 (13.4%) 0.00 436
    2018-06-01 $259,900 (9.2%) $353,310 (13.8%) 0.00 471
    2018-07-01 $249,950 (12.8%) $336,814 (13.3%) 0.00 524
    2018-08-01 $249,900 (10.6%) $338,619 (11.7%) 0.00 557
    2018-09-01 $245,000 (8.2%) $340,851 (10.0%) 0.00 565
    2018-10-01 $245,200 (4.7%) $335,957 (5.1%) 0.00 591
    2018-11-01 $247,000 (8.6%) $338,556 (5.0%) 0.00 590
    2018-12-01 $239,995 (7.3%) $331,029 (4.5%) 0.00 573
    2019-01-01 $241,223 (-2.1%) $334,320 (0.2%) 0.00 508
    2019-02-01 $238,175 (-8.3%) $324,568 (-5.8%) 0.00 527
    2019-03-01 $243,286 (-8.2%) $328,656 (-5.5%) 0.00 529
    2019-04-01 $246,198 (-8.6%) $332,373 (-5.0%) 0.00 538
    2019-05-01 $249,125 (-7.5%) $331,444 (-6.2%) 0.00 566
    2019-06-01 $245,000 (-5.7%) $321,340 (-9.1%) 0.00 604
    2019-07-01 $250,000 (0.0%) $332,138 (-1.4%) 0.00 642
    2019-08-01 $247,700 (-0.9%) $329,447 (-2.7%) 0.00 659
    2019-09-01 $245,000 (0.0%) $328,212 (-3.7%) 0.00 655
    2019-10-01 $244,475 (-0.3%) $328,588 (-2.2%) 0.00 642
    2019-11-01 $249,000 (0.8%) $332,162 (-1.9%) 0.00 600
    2019-12-01 $245,200 (2.2%) $333,509 (0.8%) 0.00 545
    2020-01-01 $247,900 (2.8%) $333,736 (-0.2%) 0.00 513
    2020-02-01 $249,900 (4.9%) $333,615 (2.8%) 0.00 496
    2020-03-01 $236,463 (-2.8%) $329,399 (0.2%) 0.00 592
    2020-04-01 $239,000 (-2.9%) $333,421 (0.3%) 0.00 582
    2020-05-01 $244,500 (-1.9%) $343,535 (3.7%) 0.00 544
    2020-06-01 $241,225 (-1.5%) $332,823 (3.6%) 0.00 519
    2020-07-01 $239,924 (-4.0%) $338,852 (2.0%) 0.00 466
    2020-08-01 $249,950 (0.9%) $343,338 (4.2%) 0.00 429
    2020-09-01 $254,775 (4.0%) $347,001 (5.7%) 0.00 401
    2020-10-01 $263,905 (8.0%) $351,981 (7.1%) 0.00 392
    2020-11-01 $269,325 (8.2%) $362,256 (9.1%) 0.00 368
    2020-12-01 $266,144 (8.5%) $368,265 (10.4%) 0.00 323
    2021-01-01 $285,000 (15.0%) $390,152 (16.9%) 0.00 243
    2021-02-01 $279,814 (12.0%) $383,553 (15.0%) 0.00 198
    2021-03-01 $277,400 (17.3%) $425,145 (29.1%) 0.00 160
    2021-04-01 $278,950 (16.7%) $437,512 (31.2%) 0.00 154
    2021-05-01 $295,000 (20.7%) $441,259 (28.5%) 0.00 178
    2021-06-01 $310,194 (28.6%) $452,548 (36.0%) 0.00 192
    2021-07-01 $329,000 (37.1%) $452,973 (33.7%) 0.00 259
    2021-08-01 $330,000 (32.0%) $465,180 (35.5%) 0.00 290
    2021-09-01 $330,808 (29.8%) $421,341 (21.4%) 0.00 307
    2021-10-01 $355,000 (34.5%) $441,706 (25.5%) 0.00 276
    2021-11-01 $358,255 (33.0%) $431,944 (19.2%) 0.00 249
    2021-12-01 $352,450 (32.4%) $423,331 (15.0%) 0.00 230
    2022-01-01 $360,400 (26.5%) $430,685 (10.4%) 0.00 188
    2022-02-01 $348,020 (24.4%) $443,969 (15.8%) 0.00 175
    2022-03-01 $352,850 (27.2%) $445,454 (4.8%) 0.00 174
    2022-04-01 $352,900 (26.5%) $476,045 (8.8%) 0.00 203
    2022-05-01 $380,375 (28.9%) $501,721 (13.7%) 0.00 288
    2022-06-01 $370,118 (19.3%) $496,961 (9.8%) 0.00 355
    2022-07-01 $389,000 (18.2%) $498,850 (10.1%) 0.00 460
    2022-08-01 $377,000 (14.2%) $498,226 (7.1%) 0.00 495
    2022-09-01 $369,245 (11.6%) $484,168 (14.9%) 0.00 524
    2022-10-01 $366,965 (3.4%) $484,032 (9.6%) 0.00 580
    2022-11-01 $359,450 (0.3%) $465,923 (7.9%) 0.00 619
    2022-12-01 $359,900 (2.1%) $478,755 (13.1%) 0.00 563
    2023-01-01 $345,950 (-4.0%) $459,462 (6.7%) 0.00 525
    2023-02-01 $349,950 (0.6%) $452,818 (2.0%) 0.00 480
    2023-03-01 $359,000 (1.7%) $472,843 (6.2%) 0.00 465
    2023-04-01 $365,920 (3.7%) $484,017 (1.7%) 0.00 471
    2023-05-01 $386,950 (1.7%) $523,428 (4.3%) 0.00 499
    2023-06-01 $385,000 (4.0%) $532,287 (7.1%) 0.00 552
    2023-07-01 $391,170 (0.6%) $536,712 (7.6%) 0.00 617
    2023-08-01 $386,000 (2.4%) $544,221 (9.2%) 0.00 637
    2023-09-01 $385,000 (4.3%) $536,338 (10.8%) 0.00 664
    2023-10-01 $375,220 (2.3%) $515,307 (6.5%) 0.00 731
    2023-11-01 $379,450 (5.6%) $525,287 (12.7%) 0.00 725
    2023-12-01 $375,000 (4.2%) $532,833 (11.3%) 0.00 699
    2024-01-01 $374,130 (8.2%) $531,401 (15.7%) 0.00 660
    2024-02-01 $374,947 (7.1%) $544,870 (20.3%) 0.00 677
    2024-03-01 $379,000 (5.6%) $545,253 (15.3%) 0.00 730
    2024-04-01 $397,306 (8.6%) $547,671 (13.2%) 0.00 822
    2024-05-01 $403,561 (4.3%) $554,253 (5.9%) 0.00 847
    2024-06-01 $399,900 (3.9%) $555,961 (4.5%) 0.00 886
    2024-07-01 $397,000 (1.5%) $545,872 (1.7%) 0.00 942
    2024-08-01 $383,700 (-0.6%) $534,172 (-1.9%) 0.00 994
    2024-09-01 $368,245 (-4.4%) $499,189 (-6.9%) 0.00 1,010
    2024-10-01 $360,250 (-4.0%) $483,527 (-6.2%) 0.00 1,005
    2024-11-01 $350,000 (-7.8%) $483,232 (-8.0%) 0.00 1,007
    2024-12-01 $349,985 (-6.7%) $477,335 (-10.4%) 0.00 955
    2025-01-01 $349,950 (-6.5%) $481,768 (-9.3%) 0.00 944
    2025-02-01 $352,450 (-6.0%) $480,877 (-11.7%) 0.00 973
    Sherman's median listing price for 2025-02-01 was $352,450, a difference of $-22,497 (-6.0%) versus the prior year and $2,500 versus the prior month.

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

    Sherman's average listing price for 2025-02-01 was $480,877, a difference of $-63,993 (-11.7%) versus the prior year and $-891 versus the prior month.

    For the 2025-02-01 period, Sherman had 973 MLS listings, a difference of 29 listings (3%) versus the prior month and 296 listings (44%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sherman (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,099 sqft
    2018-02-01 0 days 2,126 sqft
    2018-03-01 0 days 2,135 sqft
    2018-04-01 0 days 2,131 sqft
    2018-05-01 0 days 2,120 sqft
    2018-06-01 0 days 2,103 sqft
    2018-07-01 0 days 2,070 sqft
    2018-08-01 0 days 2,086 sqft
    2018-09-01 0 days 2,061 sqft
    2018-10-01 0 days 2,039 sqft
    2018-11-01 0 days 2,029 sqft
    2018-12-01 0 days 2,003 sqft
    2019-01-01 0 days 1,999 sqft
    2019-02-01 0 days 1,963 sqft
    2019-03-01 0 days 1,973 sqft
    2019-04-01 0 days 2,007 sqft
    2019-05-01 0 days 2,017 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 1,973 sqft
    2019-09-01 0 days 1,970 sqft
    2019-10-01 0 days 1,984 sqft
    2019-11-01 0 days 1,997 sqft
    2019-12-01 0 days 1,987 sqft
    2020-01-01 0 days 1,977 sqft
    2020-02-01 0 days 1,960 sqft
    2020-03-01 0 days 1,924 sqft
    2020-04-01 0 days 1,900 sqft
    2020-05-01 0 days 1,904 sqft
    2020-06-01 0 days 1,911 sqft
    2020-07-01 0 days 1,899 sqft
    2020-08-01 0 days 1,902 sqft
    2020-09-01 0 days 1,930 sqft
    2020-10-01 0 days 1,992 sqft
    2020-11-01 0 days 2,025 sqft
    2020-12-01 0 days 1,989 sqft
    2021-01-01 0 days 2,010 sqft
    2021-02-01 0 days 2,034 sqft
    2021-03-01 0 days 1,953 sqft
    2021-04-01 0 days 1,883 sqft
    2021-05-01 0 days 1,897 sqft
    2021-06-01 0 days 1,963 sqft
    2021-07-01 0 days 2,020 sqft
    2021-08-01 0 days 2,026 sqft
    2021-09-01 0 days 2,005 sqft
    2021-10-01 0 days 2,067 sqft
    2021-11-01 0 days 2,038 sqft
    2021-12-01 0 days 2,006 sqft
    2022-01-01 0 days 1,920 sqft
    2022-02-01 0 days 1,838 sqft
    2022-03-01 0 days 1,846 sqft
    2022-04-01 0 days 1,850 sqft
    2022-05-01 0 days 1,924 sqft
    2022-06-01 0 days 1,870 sqft
    2022-07-01 0 days 1,978 sqft
    2022-08-01 0 days 1,973 sqft
    2022-09-01 0 days 1,922 sqft
    2022-10-01 0 days 1,937 sqft
    2022-11-01 0 days 1,912 sqft
    2022-12-01 0 days 1,913 sqft
    2023-01-01 0 days 1,863 sqft
    2023-02-01 0 days 1,861 sqft
    2023-03-01 0 days 1,894 sqft
    2023-04-01 0 days 1,908 sqft
    2023-05-01 0 days 1,917 sqft
    2023-06-01 0 days 1,953 sqft
    2023-07-01 0 days 1,933 sqft
    2023-08-01 0 days 1,974 sqft
    2023-09-01 0 days 1,960 sqft
    2023-10-01 0 days 1,931 sqft
    2023-11-01 0 days 1,935 sqft
    2023-12-01 0 days 1,927 sqft
    2024-01-01 0 days 1,901 sqft
    2024-02-01 0 days 1,939 sqft
    2024-03-01 0 days 1,952 sqft
    2024-04-01 0 days 1,977 sqft
    2024-05-01 0 days 2,003 sqft
    2024-06-01 0 days 2,016 sqft
    2024-07-01 0 days 2,009 sqft
    2024-08-01 0 days 1,979 sqft
    2024-09-01 0 days 1,887 sqft
    2024-10-01 0 days 1,858 sqft
    2024-11-01 0 days 1,850 sqft
    2024-12-01 0 days 1,833 sqft
    2025-01-01 0 days 1,830 sqft
    2025-02-01 0 days 1,815 sqft
    Sherman's median listing age (time on market) for 2025-02-01 was 0 days.

    Sherman's median square footage for active listings during the 2025-02-01 period was 1,815 sqft. One year prior, the average listing was 1,939 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.