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 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.