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 6.49% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

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

The average rate for the prior week (2025-04-04) was 6.33% and one month ago for the week of 2025-03-07, the average rate was 6.61%.

The average rate one year ago was 6.72%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.47%.

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%).


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
2025-03-01 $369,495 (-2.5%) $490,582 (-10.0%) 0.00 1,034
Sherman's median listing price for 2025-03-01 was $369,495, a difference of $-9,505 (-2.5%) versus the prior year and $17,045 versus the prior month.

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

Sherman's average listing price for 2025-03-01 was $490,582, a difference of $-54,671 (-10.0%) versus the prior year and $9,705 versus the prior month.

For the 2025-03-01 period, Sherman had 1,034 MLS listings, a difference of 61 listings (6%) versus the prior month and 304 listings (42%) 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
2025-03-01 0 days 1,861 sqft
Sherman's median listing age (time on market) for 2025-03-01 was 0 days.

Sherman's median square footage for active listings during the 2025-03-01 period was 1,861 sqft. One year prior, the average listing was 1,952 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.