Sherman VA Loan Rates, Closing Costs & Stats
SHERMAN-DENISON, 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.
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
5.8%
for the week of 2024-10-04, compared to the national average (all VA variants) of
5.596% for the same period.
Sherman's average VA mortgage closing costs are $7,038.
The average rate for the prior week (2024-09-27) was
5.82% and
one month ago for the week of 2024-08-30, the
average rate was 6.15%.
The average rate one year ago was 7.28%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.25%.
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.
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. LouisDate | 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 (19.1%) | $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 (8.7%) | $353,310 (13.8%) | 0.00 | 471 |
2018-07-01 | $249,950 (12.6%) | $336,814 (13.4%) | 0.00 | 524 |
2018-08-01 | $249,900 (10.5%) | $338,619 (11.7%) | 0.00 | 557 |
2018-09-01 | $245,000 (7.6%) | $340,851 (10.0%) | 0.00 | 565 |
2018-10-01 | $245,200 (4.0%) | $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 | $249,350 (-7.5%) | $334,447 (-5.4%) | 0.00 | 567 |
2019-06-01 | $245,900 (-5.4%) | $324,029 (-8.3%) | 0.00 | 606 |
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 (-2.0%) | $343,535 (2.7%) | 0.00 | 544 |
2020-06-01 | $241,225 (-1.9%) | $332,823 (2.7%) | 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 | $312,206 (29.4%) | $455,249 (36.8%) | 0.00 | 193 |
2021-07-01 | $329,000 (37.1%) | $453,992 (34.0%) | 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 | $348,868 (24.7%) | $444,663 (15.9%) | 0.00 | 175 |
2022-03-01 | $353,650 (27.5%) | $446,081 (4.9%) | 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 (18.6%) | $496,961 (9.2%) | 0.00 | 355 |
2022-07-01 | $389,000 (18.2%) | $498,850 (9.9%) | 0.00 | 461 |
2022-08-01 | $376,538 (14.1%) | $498,023 (7.1%) | 0.00 | 495 |
2022-09-01 | $368,623 (11.4%) | $483,765 (14.8%) | 0.00 | 523 |
2022-10-01 | $365,983 (3.1%) | $483,676 (9.5%) | 0.00 | 580 |
2022-11-01 | $359,385 (0.3%) | $465,702 (7.8%) | 0.00 | 617 |
2022-12-01 | $359,900 (2.1%) | $478,755 (13.1%) | 0.00 | 562 |
2023-01-01 | $345,950 (-4.0%) | $459,553 (6.7%) | 0.00 | 524 |
2023-02-01 | $349,950 (0.3%) | $453,014 (1.9%) | 0.00 | 480 |
2023-03-01 | $359,000 (1.5%) | $472,954 (6.0%) | 0.00 | 465 |
2023-04-01 | $365,000 (3.4%) | $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 (2.5%) | $544,221 (9.3%) | 0.00 | 637 |
2023-09-01 | $385,000 (4.4%) | $535,460 (10.7%) | 0.00 | 667 |
2023-10-01 | $373,935 (2.2%) | $514,190 (6.3%) | 0.00 | 736 |
2023-11-01 | $379,225 (5.5%) | $525,085 (12.8%) | 0.00 | 727 |
2023-12-01 | $375,000 (4.2%) | $532,833 (11.3%) | 0.00 | 700 |
2024-01-01 | $373,290 (7.9%) | $531,115 (15.6%) | 0.00 | 661 |
2024-02-01 | $374,945 (7.1%) | $544,639 (20.2%) | 0.00 | 678 |
2024-03-01 | $379,000 (5.6%) | $544,856 (15.2%) | 0.00 | 732 |
2024-04-01 | $395,056 (8.2%) | $547,301 (13.1%) | 0.00 | 824 |
2024-05-01 | $408,064 (5.5%) | $564,484 (7.8%) | 0.00 | 846 |
2024-06-01 | $405,000 (5.2%) | $568,795 (6.9%) | 0.00 | 885 |
2024-07-01 | $397,000 (1.5%) | $545,892 (1.7%) | 0.00 | 943 |
2024-08-01 | $384,500 (-0.4%) | $534,188 (-1.8%) | 0.00 | 995 |
2024-09-01 | $368,245 (-4.4%) | $499,189 (-6.8%) | 0.00 | 1,010 |
Sherman's median listing price comes in at 0% of the national average.
Sherman's average listing price for 2024-09-01 was $499,189, a difference of $-36,271 (-6.8%) versus the prior year and $-34,999 versus the prior month.
For the 2024-09-01 period, Sherman had 1,010 MLS listings, a difference of 15 listings (2%) versus the prior month and 343 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sherman (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,013 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 | 1,842 sqft |
2022-03-01 | 0 days | 1,847 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 | 1,977 sqft |
2022-08-01 | 0 days | 1,971 sqft |
2022-09-01 | 0 days | 1,920 sqft |
2022-10-01 | 0 days | 1,931 sqft |
2022-11-01 | 0 days | 1,912 sqft |
2022-12-01 | 0 days | 1,914 sqft |
2023-01-01 | 0 days | 1,863 sqft |
2023-02-01 | 0 days | 1,862 sqft |
2023-03-01 | 0 days | 1,896 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 | 1,957 sqft |
2023-10-01 | 0 days | 1,927 sqft |
2023-11-01 | 0 days | 1,936 sqft |
2023-12-01 | 0 days | 1,931 sqft |
2024-01-01 | 0 days | 1,902 sqft |
2024-02-01 | 0 days | 1,940 sqft |
2024-03-01 | 0 days | 1,955 sqft |
2024-04-01 | 0 days | 1,978 sqft |
2024-05-01 | 0 days | 2,016 sqft |
2024-06-01 | 0 days | 2,024 sqft |
2024-07-01 | 0 days | 2,009 sqft |
2024-08-01 | 0 days | 1,980 sqft |
2024-09-01 | 0 days | 1,887 sqft |
Sherman's median square footage for active listings during the 2024-09-01 period was 1,887 sqft. One year prior, the average listing was 1,957 sqft.