Sulphur Springs VA Loan Rates, Closing Costs & Stats

Sulphur Springs, 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.

    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 0.64% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.85% and one month ago for the week of 2024-10-11, the average rate was 6.52%.

    The average rate one year ago was 7.61%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

    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
    2024-10-01 $328,000 (4.7%) $406,197 (-1.9%) 0.00 153
    Sulphur Springs's median listing price for 2024-10-01 was $328,000, a difference of $14,584 (4.7%) versus the prior year and $11,234 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 2024-10-01 was $406,197, a difference of $-7,693 (-1.9%) versus the prior year and $1,442 versus the prior month.

    For the 2024-10-01 period, Sulphur Springs had 153 MLS listings, a difference of -3 listings (-2%) versus the prior month and 50 listings (49%) 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
    2024-10-01 0 days 1,882 sqft
    Sulphur Springs's median listing age (time on market) for 2024-10-01 was 0 days.

    Sulphur Springs's median square footage for active listings during the 2024-10-01 period was 1,882 sqft. One year prior, the average listing was 1,863 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.