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 82 lenders originated 318 VA loans during 2022. The total origination value was $113,440,000, with an average VA loan value of $356,730.
Sherman VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Sherman
averaged
6.59%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Sherman's average VA mortgage closing costs are $6,716.
The average rate for the prior week (2023-05-19) was
6.02% and
one month ago for the week of 2023-04-21, the
average rate was 6.34%.
The average rate one year ago was 5.01%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.54%.
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
51 VA loans originated. Their average total fees are
$8,350, which is $3,478
higher than the next largest lender,
PULTE MORTGAGE LLC.
The lowest fee Sherman VA lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC ($4,872), USAA Federal Savings Bank ($8,059), UNITED WHOLESALE MORTGAGE, LLC ($8,126), Mortgage Research Center, LLC ($8,350) and DHI MORTGAGE COMPANY, LTD. ($10,669).
The lowest rate Sherman VA lenders (with over 10 loans originated) are
USAA Federal Savings Bank (4.16%), UNITED WHOLESALE MORTGAGE, LLC (4.62%), PRIMELENDING, A PLAINSCAPITAL COMPANY (4.76%), DHI MORTGAGE COMPANY, LTD. (4.88%) and PULTE MORTGAGE LLC (5.00%).
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 | $246,495 (13.6%) | $333,635 (11.0%) | 0.00 | 433 |
2018-02-01 | $261,750 (20.5%) | $344,496 (12.9%) | 0.00 | 387 |
2018-03-01 | $266,750 (18.6%) | $347,506 (14.0%) | 0.00 | 388 |
2018-04-01 | $269,576 (19.3%) | $349,610 (14.6%) | 0.00 | 393 |
2018-05-01 | $269,451 (13.3%) | $353,354 (13.4%) | 0.00 | 437 |
2018-06-01 | $259,900 (9.2%) | $353,176 (13.8%) | 0.00 | 472 |
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 (-9.0%) | $324,568 (-5.8%) | 0.00 | 527 |
2019-03-01 | $238,350 (-8.8%) | $325,375 (-5.4%) | 0.00 | 527 |
2019-04-01 | $246,875 (-8.7%) | $333,277 (-4.9%) | 0.00 | 538 |
2019-05-01 | $249,105 (-7.6%) | $331,464 (-6.2%) | 0.00 | 565 |
2019-06-01 | $245,450 (-5.6%) | $320,788 (-9.2%) | 0.00 | 604 |
2019-07-01 | $249,975 (0.0%) | $330,835 (-1.8%) | 0.00 | 639 |
2019-08-01 | $249,500 (-1.2%) | $329,878 (-3.1%) | 0.00 | 663 |
2019-09-01 | $249,200 (-0.6%) | $341,001 (-4.1%) | 0.00 | 606 |
2019-10-01 | $245,225 (-0.8%) | $329,883 (-2.6%) | 0.00 | 637 |
2019-11-01 | $249,000 (0.8%) | $330,746 (-2.3%) | 0.00 | 597 |
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 | $244,450 (-1.9%) | $343,535 (3.6%) | 0.00 | 543 |
2020-06-01 | $240,950 (-1.8%) | $332,232 (3.6%) | 0.00 | 518 |
2020-07-01 | $239,675 (-4.1%) | $338,273 (2.3%) | 0.00 | 465 |
2020-08-01 | $249,900 (1.2%) | $342,724 (4.4%) | 0.00 | 428 |
2020-09-01 | $254,775 (4.6%) | $347,001 (6.2%) | 0.00 | 401 |
2020-10-01 | $263,905 (8.5%) | $351,981 (7.6%) | 0.00 | 392 |
2020-11-01 | $269,325 (8.2%) | $362,256 (9.5%) | 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 | $279,729 (11.9%) | $383,769 (15.0%) | 0.00 | 197 |
2021-03-01 | $276,513 (16.9%) | $425,285 (29.1%) | 0.00 | 160 |
2021-04-01 | $278,425 (16.5%) | $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 (28.7%) | $451,750 (36.0%) | 0.00 | 192 |
2021-07-01 | $329,000 (37.3%) | $452,973 (33.9%) | 0.00 | 259 |
2021-08-01 | $330,000 (32.1%) | $465,180 (35.7%) | 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%) | $429,753 (10.2%) | 0.00 | 188 |
2022-02-01 | $347,893 (24.4%) | $443,847 (15.7%) | 0.00 | 175 |
2022-03-01 | $352,900 (27.6%) | $445,707 (4.8%) | 0.00 | 174 |
2022-04-01 | $349,500 (25.5%) | $476,689 (9.0%) | 0.00 | 203 |
2022-05-01 | $374,950 (27.1%) | $501,593 (13.7%) | 0.00 | 288 |
2022-06-01 | $367,995 (18.6%) | $496,550 (9.9%) | 0.00 | 355 |
2022-07-01 | $389,000 (18.2%) | $499,972 (10.4%) | 0.00 | 463 |
2022-08-01 | $376,538 (14.1%) | $498,426 (7.2%) | 0.00 | 497 |
2022-09-01 | $370,435 (12.0%) | $483,631 (14.8%) | 0.00 | 526 |
2022-10-01 | $367,728 (3.6%) | $484,597 (9.7%) | 0.00 | 582 |
2022-11-01 | $359,385 (0.3%) | $467,334 (8.2%) | 0.00 | 621 |
2022-12-01 | $359,950 (2.1%) | $478,957 (13.1%) | 0.00 | 564 |
2023-01-01 | $345,750 (-4.1%) | $458,877 (6.8%) | 0.00 | 524 |
2023-02-01 | $349,750 (0.5%) | $453,226 (2.1%) | 0.00 | 480 |
2023-03-01 | $358,975 (1.7%) | $472,858 (6.1%) | 0.00 | 465 |
2023-04-01 | $365,000 (0.0%) | $483,441 (0.0%) | 0.00 | 471 |
Sherman's median listing price comes in at 0% of the national average.
Sherman's average listing price for 2023-04-01 was $483,441, a difference of $6,752 (0.0%) versus the prior year and $10,583 versus the prior month.
For the 2023-04-01 period, Sherman had 471 MLS listings, a difference of 6 listings (1%) versus the prior month and 268 listings (132%) 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 | 2,103 sqft |
2018-02-01 | 0 days | 2,132 sqft |
2018-03-01 | 0 days | 2,140 sqft |
2018-04-01 | 0 days | 2,134 sqft |
2018-05-01 | 0 days | 2,124 sqft |
2018-06-01 | 0 days | 2,107 sqft |
2018-07-01 | 0 days | 2,076 sqft |
2018-08-01 | 0 days | 2,086 sqft |
2018-09-01 | 0 days | 2,061 sqft |
2018-10-01 | 0 days | 2,041 sqft |
2018-11-01 | 0 days | 2,030 sqft |
2018-12-01 | 0 days | 2,004 sqft |
2019-01-01 | 0 days | 2,001 sqft |
2019-02-01 | 0 days | 1,963 sqft |
2019-03-01 | 0 days | 1,961 sqft |
2019-04-01 | 0 days | 2,001 sqft |
2019-05-01 | 0 days | 2,021 sqft |
2019-06-01 | 0 days | 2,000 sqft |
2019-07-01 | 0 days | 2,000 sqft |
2019-08-01 | 0 days | 1,993 sqft |
2019-09-01 | 0 days | 1,992 sqft |
2019-10-01 | 0 days | 1,995 sqft |
2019-11-01 | 0 days | 1,994 sqft |
2019-12-01 | 0 days | 1,988 sqft |
2020-01-01 | 0 days | 1,977 sqft |
2020-02-01 | 0 days | 1,960 sqft |
2020-03-01 | 0 days | 1,926 sqft |
2020-04-01 | 0 days | 1,901 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 | 1,931 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 | 2,037 sqft |
2021-03-01 | 0 days | 1,951 sqft |
2021-04-01 | 0 days | 1,881 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 | 1,841 sqft |
2022-03-01 | 0 days | 1,852 sqft |
2022-04-01 | 0 days | 1,850 sqft |
2022-05-01 | 0 days | 1,923 sqft |
2022-06-01 | 0 days | 1,867 sqft |
2022-07-01 | 0 days | 1,978 sqft |
2022-08-01 | 0 days | 1,963 sqft |
2022-09-01 | 0 days | 1,920 sqft |
2022-10-01 | 0 days | 1,939 sqft |
2022-11-01 | 0 days | 1,912 sqft |
2022-12-01 | 0 days | 1,912 sqft |
2023-01-01 | 0 days | 1,861 sqft |
2023-02-01 | 0 days | 1,862 sqft |
2023-03-01 | 0 days | 1,892 sqft |
2023-04-01 | 0 days | 1,906 sqft |
Sherman's median square footage for active listings during the 2023-04-01 period was 1,906 sqft. One year prior, the average listing was 1,850 sqft.