Sulphur Springs VA Loan Rates, Closing Costs & Stats

Sulphur Springs, 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.

Sulphur Springs's 19 lenders originated 33 VA loans during 2023. The total origination value was $10,275,000, with an average VA loan value of $311,364.

Sulphur Springs VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sulphur Springs averaged 6.04% for the week of 2024-10-04, compared to the national average (all VA variants) of 5.596% for the same period.

Sulphur Springs's average VA mortgage closing costs are $6,053.

The average rate for the prior week (2024-09-27) was 5.87% and one month ago for the week of 2024-08-30, the average rate was 6.49%.

The average rate one year ago was 7.73%.

For refis of the same type during the week of 2024-10-04, the average rate was 5.4%.

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

Sulphur Springs 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 Sulphur Springs level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 5 6.08% $11,502
EVERETT FINANCIAL, INC. 4 7.22% $10,838
Nations Lending Corporation 3 6.83% $6,274
USAA Federal Savings Bank 3 6.50% $9,014
Barrington Bank & Trust Company, N.A. 2 6.50% $3,879
GUILD MORTGAGE COMPANY 1 7.13% $11,580
LEADERONE FINANCIAL CORPORATION 1 5.88% $6,321
NAVY FEDERAL CREDIT UNION 1 5.50% $9,657
PENTAGON FEDERAL CREDIT UNION 1 5.13% $11,843
QUICKEN LOANS, LLC 1 5.75% $5,606
Strong Home Mortgage, LLC 1 7.00% $13,380
T2 FINANCIAL LLC 1 6.75% $3,740
THE MORTGAGE LINK, INC. 1 6.63% $2,499
AMCAP MORTGAGE, LTD. 1 7.13% $12,437
VILLAGE CAPITAL MORTGAGE 1 5.75% $2,725
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $9,060
CMG MORTGAGE, INC. 1 4.63% $7,567
FREEDOM MORTGAGE CORPORATION 1 5.38% $9,734
GUARANTEED RATE, INC. 1 6.75% $0

The top Sulphur Springs VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $11,502, which is $664 higher than the next largest lender, EVERETT FINANCIAL, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sulphur Springs (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 $158,675 (-11.1%) $241,601 (-7.5%) 0.00 94
2018-02-01 $161,950 (-10.0%) $248,852 (-6.9%) 0.00 84
2018-03-01 $165,000 (-13.4%) $251,683 (-2.4%) 0.00 75
2018-04-01 $162,125 (-15.8%) $240,964 (-11.6%) 0.00 77
2018-05-01 $169,950 (-8.6%) $254,278 (-7.6%) 0.00 81
2018-06-01 $175,000 (-10.1%) $249,767 (-12.5%) 0.00 98
2018-07-01 $189,950 (-7.3%) $266,735 (-13.7%) 0.00 98
2018-08-01 $172,475 (-5.2%) $263,230 (-7.2%) 0.00 89
2018-09-01 $182,450 (5.8%) $272,889 (1.5%) 0.00 85
2018-10-01 $179,900 (14.3%) $269,102 (17.0%) 0.00 93
2018-11-01 $189,450 (26.4%) $313,253 (36.4%) 0.00 86
2018-12-01 $179,900 (12.5%) $300,817 (19.6%) 0.00 91
2019-01-01 $177,400 (11.8%) $282,087 (16.8%) 0.00 84
2019-02-01 $194,225 (19.9%) $298,635 (20.0%) 0.00 65
2019-03-01 $197,100 (19.5%) $320,124 (27.2%) 0.00 69
2019-04-01 $209,450 (29.2%) $344,145 (42.8%) 0.00 73
2019-05-01 $219,975 (29.4%) $386,347 (51.9%) 0.00 66
2019-06-01 $219,000 (25.1%) $326,305 (30.6%) 0.00 72
2019-07-01 $175,000 (-7.9%) $270,261 (1.3%) 0.00 71
2019-08-01 $182,927 (6.1%) $271,317 (3.1%) 0.00 70
2019-09-01 $182,968 (0.3%) $271,519 (-0.5%) 0.00 70
2019-10-01 $186,250 (3.5%) $274,119 (1.9%) 0.00 68
2019-11-01 $194,700 (2.8%) $295,915 (-5.5%) 0.00 69
2019-12-01 $191,498 (6.5%) $300,637 (-0.1%) 0.00 66
2020-01-01 $218,450 (23.1%) $310,850 (10.2%) 0.00 62
2020-02-01 $176,450 (-9.2%) $279,510 (-6.4%) 0.00 59
2020-03-01 $167,175 (-15.2%) $278,391 (-13.0%) 0.00 70
2020-04-01 $192,425 (-8.1%) $302,070 (-12.2%) 0.00 65
2020-05-01 $209,700 (-4.7%) $300,403 (-22.3%) 0.00 60
2020-06-01 $188,250 (-14.0%) $289,364 (-11.3%) 0.00 61
2020-07-01 $190,725 (9.0%) $292,777 (8.3%) 0.00 52
2020-08-01 $229,000 (25.2%) $315,474 (16.3%) 0.00 47
2020-09-01 $234,200 (28.0%) $324,065 (19.4%) 0.00 49
2020-10-01 $256,950 (38.0%) $353,558 (29.0%) 0.00 53
2020-11-01 $237,175 (21.8%) $349,808 (18.2%) 0.00 45
2020-12-01 $204,956 (7.0%) $356,022 (18.4%) 0.00 42
2021-01-01 $196,450 (-10.1%) $355,654 (14.4%) 0.00 40
2021-02-01 $219,500 (24.4%) $412,614 (47.6%) 0.00 29
2021-03-01 $219,000 (31.0%) $383,968 (37.9%) 0.00 30
2021-04-01 $216,950 (12.8%) $391,808 (29.7%) 0.00 29
2021-05-01 $255,000 (21.6%) $494,191 (64.5%) 0.00 23
2021-06-01 $264,950 (40.7%) $498,740 (72.4%) 0.00 32
2021-07-01 $254,500 (33.4%) $440,527 (50.5%) 0.00 39
2021-08-01 $227,500 (-0.7%) $382,614 (21.3%) 0.00 45
2021-09-01 $238,675 (1.9%) $422,928 (30.5%) 0.00 42
2021-10-01 $219,000 (-14.8%) $401,055 (13.4%) 0.00 48
2021-11-01 $261,850 (10.4%) $398,097 (13.8%) 0.00 43
2021-12-01 $294,250 (43.6%) $426,740 (19.9%) 0.00 26
2022-01-01 $247,445 (26.0%) $433,068 (21.8%) 0.00 24
2022-02-01 $267,245 (21.8%) $482,315 (16.9%) 0.00 28
2022-03-01 $274,750 (25.5%) $440,410 (14.7%) 0.00 30
2022-04-01 $329,000 (51.7%) $472,978 (20.7%) 0.00 35
2022-05-01 $358,725 (40.7%) $477,035 (-3.5%) 0.00 42
2022-06-01 $318,725 (20.3%) $476,817 (-4.4%) 0.00 57
2022-07-01 $336,250 (32.1%) $479,984 (9.0%) 0.00 73
2022-08-01 $332,000 (45.9%) $461,981 (20.7%) 0.00 80
2022-09-01 $327,000 (37.0%) $445,214 (5.3%) 0.00 80
2022-10-01 $325,000 (48.4%) $457,614 (14.1%) 0.00 84
2022-11-01 $299,000 (14.2%) $436,047 (9.5%) 0.00 100
2022-12-01 $299,000 (1.6%) $449,999 (5.5%) 0.00 90
2023-01-01 $309,749 (25.2%) $464,639 (7.3%) 0.00 88
2023-02-01 $313,500 (17.3%) $463,513 (-3.9%) 0.00 83
2023-03-01 $301,194 (9.6%) $438,607 (-0.4%) 0.00 88
2023-04-01 $272,888 (-17.1%) $384,113 (-18.8%) 0.00 86
2023-05-01 $279,725 (-22.0%) $359,408 (-24.7%) 0.00 85
2023-06-01 $277,500 (-12.9%) $391,373 (-17.9%) 0.00 97
2023-07-01 $287,000 (-14.7%) $382,802 (-20.3%) 0.00 107
2023-08-01 $294,313 (-11.4%) $398,354 (-13.8%) 0.00 115
2023-09-01 $325,000 (-0.6%) $423,372 (-4.9%) 0.00 108
2023-10-01 $313,416 (-3.6%) $413,890 (-9.6%) 0.00 103
2023-11-01 $300,944 (0.7%) $403,602 (-7.4%) 0.00 110
2023-12-01 $330,000 (10.4%) $419,865 (-6.7%) 0.00 102
2024-01-01 $349,000 (12.7%) $415,062 (-10.7%) 0.00 108
2024-02-01 $358,725 (14.4%) $431,633 (-6.9%) 0.00 123
2024-03-01 $365,000 (21.2%) $437,386 (-0.3%) 0.00 121
2024-04-01 $365,000 (33.8%) $429,950 (11.9%) 0.00 120
2024-05-01 $363,750 (30.0%) $442,418 (23.1%) 0.00 123
2024-06-01 $320,000 (15.3%) $430,717 (10.1%) 0.00 126
2024-07-01 $312,950 (9.0%) $416,882 (8.9%) 0.00 128
2024-08-01 $315,000 (7.0%) $407,030 (2.2%) 0.00 142
2024-09-01 $316,766 (-2.5%) $404,755 (-4.4%) 0.00 156
Sulphur Springs's median listing price for 2024-09-01 was $316,766, a difference of $-8,234 (-2.5%) versus the prior year and $1,766 versus the prior month.

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

Sulphur Springs's average listing price for 2024-09-01 was $404,755, a difference of $-18,617 (-4.4%) versus the prior year and $-2,275 versus the prior month.

For the 2024-09-01 period, Sulphur Springs had 156 MLS listings, a difference of 14 listings (10%) versus the prior month and 48 listings (44%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sulphur Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,947 sqft
2018-02-01 0 days 1,948 sqft
2018-03-01 0 days 1,952 sqft
2018-04-01 0 days 1,984 sqft
2018-05-01 0 days 1,974 sqft
2018-06-01 0 days 1,938 sqft
2018-07-01 0 days 1,927 sqft
2018-08-01 0 days 1,871 sqft
2018-09-01 0 days 1,880 sqft
2018-10-01 0 days 1,917 sqft
2018-11-01 0 days 1,967 sqft
2018-12-01 0 days 1,919 sqft
2019-01-01 0 days 1,923 sqft
2019-02-01 0 days 1,919 sqft
2019-03-01 0 days 1,906 sqft
2019-04-01 0 days 1,951 sqft
2019-05-01 0 days 1,925 sqft
2019-06-01 0 days 1,834 sqft
2019-07-01 0 days 1,783 sqft
2019-08-01 0 days 1,803 sqft
2019-09-01 0 days 1,823 sqft
2019-10-01 0 days 1,874 sqft
2019-11-01 0 days 1,933 sqft
2019-12-01 0 days 1,953 sqft
2020-01-01 0 days 1,955 sqft
2020-02-01 0 days 1,813 sqft
2020-03-01 0 days 1,799 sqft
2020-04-01 0 days 1,940 sqft
2020-05-01 0 days 2,012 sqft
2020-06-01 0 days 1,850 sqft
2020-07-01 0 days 1,936 sqft
2020-08-01 0 days 1,904 sqft
2020-09-01 0 days 1,943 sqft
2020-10-01 0 days 1,997 sqft
2020-11-01 0 days 1,959 sqft
2020-12-01 0 days 1,897 sqft
2021-01-01 0 days 1,799 sqft
2021-02-01 0 days 1,907 sqft
2021-03-01 0 days 1,875 sqft
2021-04-01 0 days 1,850 sqft
2021-05-01 0 days 1,960 sqft
2021-06-01 0 days 1,939 sqft
2021-07-01 0 days 1,947 sqft
2021-08-01 0 days 1,899 sqft
2021-09-01 0 days 1,913 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,803 sqft
2021-12-01 0 days 1,931 sqft
2022-01-01 0 days 1,690 sqft
2022-02-01 0 days 1,904 sqft
2022-03-01 0 days 1,780 sqft
2022-04-01 0 days 1,784 sqft
2022-05-01 0 days 1,975 sqft
2022-06-01 0 days 1,950 sqft
2022-07-01 0 days 1,947 sqft
2022-08-01 0 days 1,905 sqft
2022-09-01 0 days 1,871 sqft
2022-10-01 0 days 1,840 sqft
2022-11-01 0 days 1,748 sqft
2022-12-01 0 days 1,763 sqft
2023-01-01 0 days 1,890 sqft
2023-02-01 0 days 1,801 sqft
2023-03-01 0 days 1,815 sqft
2023-04-01 0 days 1,771 sqft
2023-05-01 0 days 1,714 sqft
2023-06-01 0 days 1,753 sqft
2023-07-01 0 days 1,754 sqft
2023-08-01 0 days 1,794 sqft
2023-09-01 0 days 1,894 sqft
2023-10-01 0 days 1,863 sqft
2023-11-01 0 days 1,850 sqft
2023-12-01 0 days 1,997 sqft
2024-01-01 0 days 2,037 sqft
2024-02-01 0 days 2,009 sqft
2024-03-01 0 days 1,986 sqft
2024-04-01 0 days 1,942 sqft
2024-05-01 0 days 1,941 sqft
2024-06-01 0 days 1,873 sqft
2024-07-01 0 days 1,877 sqft
2024-08-01 0 days 1,879 sqft
2024-09-01 0 days 1,865 sqft
Sulphur Springs's median listing age (time on market) for 2024-09-01 was 0 days.

Sulphur Springs's median square footage for active listings during the 2024-09-01 period was 1,865 sqft. One year prior, the average listing was 1,894 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.