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 69 lenders originated 348 VA loans during 2024. The total origination value was $133,590,000, with an average VA loan value of $383,879.

    Sherman VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sherman averaged 0.3% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Sherman's average VA mortgage closing costs are $7,179.

    The average rate for the prior week (2025-06-13) was 6.94% and one month ago for the week of 2025-05-16, the average rate was 6.8%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.27%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 45 5.72% $8,282
    Mortgage Research Center, LLC 42 6.33% $6,884
    PRIMELENDING, A PLAINSCAPITAL COMPANY 23 5.49% $5,153
    FREEDOM MORTGAGE CORPORATION 19 5.92% $5,689
    NAVY FEDERAL CREDIT UNION 14 5.96% $7,722
    DHI MORTGAGE COMPANY, LTD. 14 4.77% $7,476
    GUILD MORTGAGE COMPANY 12 6.43% $10,290
    QUICKEN LOANS, LLC 8 6.07% $9,342
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.41% $10,197
    First United Bank and Trust Company 7 6.70% $10,736
    PENNYMAC LOAN SERVICES, LLC 7 5.50% $9,324
    Prosperity Home Mortgage, LLC 7 6.34% $7,344
    GUARANTEED RATE, INC. 6 5.98% $6,046
    NFM, INC. 6 6.10% $12,795
    Equity Prime Mortgage LLC 5 7.03% $10,569
    NEWREZ LLC 5 6.37% $7,525
    UNION HOME MORTGAGE CORP. 5 6.03% $9,199
    VILLAGE CAPITAL MORTGAGE 5 5.95% $7,872
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 7.05% $9,397
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 5 5.57% $1,727
    Magnolia Bank 4 6.31% $7,944
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.81% $5,003
    USAA Federal Savings Bank 4 6.72% $4,801
    EVERETT FINANCIAL, INC. 4 6.44% $7,255
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 5.81% $8,885
    CARDINAL FINANCIAL 4 6.72% $16,733
    First Bank 3 6.25% $11,676
    BROOKHOLLOW MORTGAGE SERVICES, LTD 3 5.66% $7,476
    FIRST CONTINENTAL MORTGAGE, LTD. 3 5.41% $7,282
    THE MORTGAGE LINK, INC. 3 5.75% $18,070
    Paramount Residential Mortgage Group, Inc. 2 6.44% $12,069
    Gateway First Bank 2 6.53% $12,802
    AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $6,982
    MORTGAGE FINANCIAL SERVICES, LLC 2 6.56% $6,498
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 2 6.69% $8,593
    PENTAGON FEDERAL CREDIT UNION 2 6.19% $13,566
    NBKC BANK 2 6.31% $3,433
    ZILLOW HOME LOANS, LLC 1 5.75% $697
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $7,736
    Armed Forces Bank 1 6.50% $4,072
    BROKER SOLUTIONS, INC. 1 6.13% $6,836
    Century Mortgage Company DBA Century Lending Company 1 5.75% $5,292
    City Bank 1 6.25% $5,515
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $11,094
    CLM MORTGAGE, INC 1 5.13% $1,659
    CMG MORTGAGE, INC. 1 6.00% $8,063
    CRESTMARK MORTGAGE COMPANY, LTD. 1 6.50% $599
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $8,759
    ENVOY MORTGAGE, LTD 1 6.13% $14,000
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $7,601
    First Federal Bank 1 6.00% $21,591
    GoPrime Mortgage, Inc. 1 6.25% $5,558
    GSF Mortgage Corporation 1 6.25% $11,969
    INTERLINC MORTGAGE SERVICES, LLC 1 6.13% $16,806
    JPMorgan Chase Bank 1 6.75% $2,864
    LAKEVIEW LOAN SERVICING, LLC 1 5.13% $7,471
    LOANDEPOT.COM, LLC 1 6.63% $5,350
    MOVEMENT MORTGAGE, LLC 1 6.25% $19,321
    Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $7,692
    PHH Mortgage Corporation 1 6.00% $1,429
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $0
    Republic State Mortgage Co. 1 5.50% $25,045
    SFMC, LP 1 5.25% $14,956
    Sierra Pacific Mortgage Company, Inc. 1 6.50% $6,512
    Strong Home Mortgage, LLC 1 4.99% $11,723
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $10,268
    The Loan Store, Inc. 1 6.13% $11,474
    VELOCIO MORTGAGE L.L.C. 1 4.99% $1,344
    AHL FUNDING 1 5.63% $70

    The top Sherman VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 45 VA loans originated. Their average total fees are $8,282, which is $1,398 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Sherman VA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,153), FREEDOM MORTGAGE CORPORATION ($5,689), Mortgage Research Center, LLC ($6,884), DHI MORTGAGE COMPANY, LTD. ($7,476) and NAVY FEDERAL CREDIT UNION ($7,722).

    The lowest rate Sherman VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.77%), PRIMELENDING, A PLAINSCAPITAL COMPANY (5.49%), UNITED WHOLESALE MORTGAGE, LLC (5.72%), FREEDOM MORTGAGE CORPORATION (5.92%) and NAVY FEDERAL CREDIT UNION (5.96%).

    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.