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.