Snyder VA Loan Rates, Closing Costs & Stats

Snyder, 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.

    Snyder's 8 lenders originated 12 VA loans during 2023. The total origination value was $2,190,000, with an average VA loan value of $182,500.

    Snyder VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Snyder averaged 6.95% for the week of 2024-05-03, compared to the national average (all VA variants) of 6.775% for the same period.

    Snyder's average VA mortgage closing costs are $5,092.

    The average rate for the prior week (2024-04-26) was 6.83% and one month ago for the week of 2024-03-29, the average rate was 6.44%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-05-03, the average rate was 6.68%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Snyder 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 Snyder level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 3 7.25% $2,233
    NAVY FEDERAL CREDIT UNION 2 5.94% $3,418
    MANN FINANCIAL INC. 1 6.50% $5,616
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.50% $2,054
    SWBC MORTGAGE CORPORATION 1 6.13% $2,370
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $1,043
    The Federal Savings Bank 1 6.75% $5,520
    EVERETT FINANCIAL, INC. 1 7.25% $5,337

    The top Snyder VA lender as defined by loan originations is Mortgage Research Center, LLC, with 3 VA loans originated. Their average total fees are $2,233, which is $1,185 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Snyder VA lenders (with over 10 loans originated) are .

    The lowest rate Snyder VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Snyder (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 $128,125 (-14.0%) $163,744 (-7.3%) 0.00 117
    2018-02-01 $127,125 (-15.0%) $167,737 (-6.6%) 0.00 118
    2018-03-01 $125,000 (-17.9%) $164,780 (-8.0%) 0.00 123
    2018-04-01 $126,575 (-15.1%) $164,001 (-8.0%) 0.00 126
    2018-05-01 $131,175 (-12.0%) $167,484 (-12.2%) 0.00 122
    2018-06-01 $139,000 (-6.2%) $172,388 (-7.3%) 0.00 121
    2018-07-01 $141,500 (6.8%) $168,574 (-4.4%) 0.00 121
    2018-08-01 $131,200 (1.3%) $161,728 (-6.8%) 0.00 127
    2018-09-01 $124,450 (-4.2%) $149,705 (-16.2%) 0.00 122
    2018-10-01 $125,000 (0.0%) $151,116 (-10.1%) 0.00 113
    2018-11-01 $124,000 (-2.7%) $335,364 (99.6%) 0.00 107
    2018-12-01 $123,500 (-1.2%) $359,232 (118.5%) 0.00 103
    2019-01-01 $120,625 (-5.9%) $382,329 (133.5%) 0.00 90
    2019-02-01 $113,500 (-10.7%) $393,322 (134.5%) 0.00 81
    2019-03-01 $106,857 (-14.5%) $379,672 (130.4%) 0.00 85
    2019-04-01 $102,856 (-18.7%) $343,383 (109.4%) 0.00 99
    2019-05-01 $115,500 (-12.0%) $334,229 (99.6%) 0.00 103
    2019-06-01 $125,000 (-10.1%) $329,701 (91.3%) 0.00 104
    2019-07-01 $125,000 (-11.7%) $318,988 (89.2%) 0.00 111
    2019-08-01 $126,145 (-3.9%) $192,918 (19.3%) 0.00 104
    2019-09-01 $122,689 (-1.4%) $162,952 (8.9%) 0.00 94
    2019-10-01 $122,884 (-1.7%) $142,368 (-5.8%) 0.00 87
    2019-11-01 $125,000 (0.8%) $135,719 (-59.5%) 0.00 81
    2019-12-01 $125,000 (1.2%) $132,756 (-63.0%) 0.00 80
    2020-01-01 $126,875 (5.2%) $140,748 (-63.2%) 0.00 73
    2020-02-01 $128,000 (12.8%) $139,533 (-64.5%) 0.00 69
    2020-03-01 $129,600 (21.3%) $145,630 (-61.6%) 0.00 74
    2020-04-01 $133,650 (29.9%) $153,577 (-55.3%) 0.00 81
    2020-05-01 $134,950 (16.8%) $146,599 (-56.1%) 0.00 71
    2020-06-01 $134,950 (8.0%) $147,282 (-55.3%) 0.00 67
    2020-07-01 $137,000 (9.6%) $148,962 (-53.3%) 0.00 63
    2020-08-01 $137,000 (8.6%) $157,137 (-18.6%) 0.00 51
    2020-09-01 $139,000 (13.3%) $164,944 (1.2%) 0.00 50
    2020-10-01 $140,000 (13.9%) $181,115 (27.2%) 0.00 50
    2020-11-01 $167,975 (34.4%) $187,457 (38.1%) 0.00 53
    2020-12-01 $152,475 (22.0%) $185,132 (39.5%) 0.00 54
    2021-01-01 $144,500 (13.9%) $173,355 (23.2%) 0.00 53
    2021-02-01 $144,475 (12.9%) $184,621 (32.3%) 0.00 39
    2021-03-01 $152,200 (17.4%) $201,090 (38.1%) 0.00 34
    2021-04-01 $140,500 (5.1%) $171,816 (11.9%) 0.00 33
    2021-05-01 $149,450 (10.7%) $174,051 (18.7%) 0.00 36
    2021-06-01 $133,500 (-1.1%) $172,217 (16.9%) 0.00 30
    2021-07-01 $130,000 (-5.1%) $162,049 (8.8%) 0.00 33
    2021-08-01 $151,000 (10.2%) $217,738 (38.6%) 0.00 34
    2021-09-01 $142,500 (2.5%) $209,623 (27.1%) 0.00 35
    2021-10-01 $168,500 (20.4%) $180,370 (-0.4%) 0.00 40
    2021-11-01 $143,750 (-14.4%) $180,395 (-3.8%) 0.00 48
    2021-12-01 $150,000 (-1.6%) $188,898 (2.0%) 0.00 47
    2022-01-01 $170,000 (17.7%) $197,722 (14.1%) 0.00 45
    2022-02-01 $149,000 (3.1%) $195,327 (5.8%) 0.00 46
    2022-03-01 $149,000 (-2.1%) $183,320 (-8.8%) 0.00 42
    2022-04-01 $156,000 (11.0%) $184,708 (7.5%) 0.00 45
    2022-05-01 $173,500 (16.1%) $196,718 (13.0%) 0.00 47
    2022-06-01 $183,500 (37.5%) $219,372 (27.4%) 0.00 49
    2022-07-01 $180,000 (38.5%) $225,137 (38.9%) 0.00 49
    2022-08-01 $170,000 (12.6%) $226,265 (3.9%) 0.00 49
    2022-09-01 $148,500 (4.2%) $205,038 (-2.2%) 0.00 50
    2022-10-01 $143,600 (-14.8%) $181,860 (0.8%) 0.00 44
    2022-11-01 $173,250 (20.5%) $190,660 (5.7%) 0.00 42
    2022-12-01 $165,000 (10.0%) $192,400 (1.9%) 0.00 37
    2023-01-01 $172,000 (1.2%) $206,200 (4.3%) 0.00 37
    2023-02-01 $160,000 (7.4%) $185,835 (-4.9%) 0.00 38
    2023-03-01 $189,000 (26.9%) $239,505 (30.7%) 0.00 40
    2023-04-01 $174,450 (11.8%) $239,481 (29.7%) 0.00 37
    2023-05-01 $148,500 (-14.4%) $220,801 (12.2%) 0.00 37
    2023-06-01 $147,110 (-19.8%) $209,505 (-4.5%) 0.00 38
    2023-07-01 $149,450 (-17.0%) $179,086 (-20.5%) 0.00 35
    2023-08-01 $145,325 (-14.5%) $179,284 (-20.8%) 0.00 34
    2023-09-01 $150,750 (1.5%) $182,627 (-10.9%) 0.00 39
    2023-10-01 $147,500 (2.7%) $175,560 (-3.5%) 0.00 44
    2023-11-01 $143,125 (-17.4%) $176,275 (-7.6%) 0.00 43
    2023-12-01 $142,000 (-13.9%) $179,623 (-6.6%) 0.00 35
    2024-01-01 $140,000 (-18.6%) $176,853 (-14.2%) 0.00 39
    2024-02-01 $141,000 (-11.9%) $175,109 (-5.8%) 0.00 44
    2024-03-01 $162,000 (-14.3%) $199,769 (-16.6%) 0.00 42
    2024-04-01 $167,000 (-4.3%) $196,077 (-18.1%) 0.00 44
    Snyder's median listing price for 2024-04-01 was $167,000, a difference of $-7,450 (-4.3%) versus the prior year and $5,000 versus the prior month.

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

    Snyder's average listing price for 2024-04-01 was $196,077, a difference of $-43,404 (-18.1%) versus the prior year and $-3,692 versus the prior month.

    For the 2024-04-01 period, Snyder had 44 MLS listings, a difference of 2 listings (5%) versus the prior month and 7 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Snyder (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,750 sqft
    2018-02-01 0 days 1,803 sqft
    2018-03-01 0 days 1,797 sqft
    2018-04-01 0 days 1,791 sqft
    2018-05-01 0 days 1,784 sqft
    2018-06-01 0 days 1,778 sqft
    2018-07-01 0 days 1,928 sqft
    2018-08-01 0 days 1,851 sqft
    2018-09-01 0 days 1,735 sqft
    2018-10-01 0 days 1,688 sqft
    2018-11-01 0 days 1,735 sqft
    2018-12-01 0 days 1,751 sqft
    2019-01-01 0 days 1,759 sqft
    2019-02-01 0 days 1,767 sqft
    2019-03-01 0 days 1,711 sqft
    2019-04-01 0 days 1,651 sqft
    2019-05-01 0 days 1,650 sqft
    2019-06-01 0 days 1,730 sqft
    2019-07-01 0 days 1,713 sqft
    2019-08-01 0 days 1,692 sqft
    2019-09-01 0 days 1,661 sqft
    2019-10-01 0 days 1,643 sqft
    2019-11-01 0 days 1,633 sqft
    2019-12-01 0 days 1,630 sqft
    2020-01-01 0 days 1,639 sqft
    2020-02-01 0 days 1,654 sqft
    2020-03-01 0 days 1,665 sqft
    2020-04-01 0 days 1,653 sqft
    2020-05-01 0 days 1,654 sqft
    2020-06-01 0 days 1,665 sqft
    2020-07-01 0 days 1,665 sqft
    2020-08-01 0 days 1,683 sqft
    2020-09-01 0 days 1,754 sqft
    2020-10-01 0 days 1,756 sqft
    2020-11-01 0 days 1,740 sqft
    2020-12-01 0 days 1,705 sqft
    2021-01-01 0 days 1,694 sqft
    2021-02-01 0 days 1,701 sqft
    2021-03-01 0 days 1,849 sqft
    2021-04-01 0 days 1,700 sqft
    2021-05-01 0 days 1,611 sqft
    2021-06-01 0 days 1,545 sqft
    2021-07-01 0 days 1,468 sqft
    2021-08-01 0 days 1,681 sqft
    2021-09-01 0 days 1,733 sqft
    2021-10-01 0 days 1,663 sqft
    2021-11-01 0 days 1,605 sqft
    2021-12-01 0 days 1,681 sqft
    2022-01-01 0 days 1,727 sqft
    2022-02-01 0 days 1,633 sqft
    2022-03-01 0 days 1,586 sqft
    2022-04-01 0 days 1,703 sqft
    2022-05-01 0 days 1,711 sqft
    2022-06-01 0 days 1,719 sqft
    2022-07-01 0 days 1,720 sqft
    2022-08-01 0 days 1,715 sqft
    2022-09-01 0 days 1,693 sqft
    2022-10-01 0 days 1,672 sqft
    2022-11-01 0 days 1,788 sqft
    2022-12-01 0 days 1,732 sqft
    2023-01-01 0 days 1,766 sqft
    2023-02-01 0 days 1,686 sqft
    2023-03-01 0 days 1,815 sqft
    2023-04-01 0 days 1,824 sqft
    2023-05-01 0 days 1,747 sqft
    2023-06-01 0 days 1,673 sqft
    2023-07-01 0 days 1,716 sqft
    2023-08-01 0 days 1,716 sqft
    2023-09-01 0 days 1,684 sqft
    2023-10-01 0 days 1,605 sqft
    2023-11-01 0 days 1,552 sqft
    2023-12-01 0 days 1,545 sqft
    2024-01-01 0 days 1,540 sqft
    2024-02-01 0 days 1,540 sqft
    2024-03-01 0 days 1,553 sqft
    2024-04-01 0 days 1,607 sqft
    Snyder's median listing age (time on market) for 2024-04-01 was 0 days.

    Snyder's median square footage for active listings during the 2024-04-01 period was 1,607 sqft. One year prior, the average listing was 1,824 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.