Sweetwater VA Loan Rates, Closing Costs & Stats

Sweetwater, 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.

    Sweetwater's 5 lenders originated 7 VA loans during 2023. The total origination value was $1,205,000, with an average VA loan value of $172,143.

    Sweetwater VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sweetwater averaged 6.52% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Sweetwater's average VA mortgage closing costs are $5,047.

    The average rate for the prior week (2024-12-06) was 6.85% and one month ago for the week of 2024-11-08, the average rate was 6.85%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.98%.

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

    Sweetwater 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 Sweetwater level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 2 6.50% $4,692
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.00% $5,324
    Paramount Residential Mortgage Group, Inc. 1 5.75% $7,641
    SWBC MORTGAGE CORPORATION 1 7.75% $1,143
    VILLAGE CAPITAL MORTGAGE 1 7.63% $5,052

    The top Sweetwater VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2 VA loans originated. Their average total fees are $4,692, which is $632 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sweetwater (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 $122,250 (7.8%) $152,034 (2.2%) 0.00 60
    2018-02-01 $121,250 (10.5%) $160,913 (9.8%) 0.00 57
    2018-03-01 $120,000 (9.3%) $159,393 (10.8%) 0.00 60
    2018-04-01 $104,950 (-6.5%) $167,390 (13.1%) 0.00 60
    2018-05-01 $113,375 (6.0%) $181,500 (29.3%) 0.00 69
    2018-06-01 $96,500 (-16.0%) $180,730 (32.7%) 0.00 70
    2018-07-01 $118,200 (-6.2%) $183,825 (27.2%) 0.00 69
    2018-08-01 $115,925 (-10.8%) $185,574 (31.3%) 0.00 68
    2018-09-01 $114,900 (-13.2%) $192,307 (34.2%) 0.00 68
    2018-10-01 $116,700 (-10.3%) $187,545 (27.8%) 0.00 69
    2018-11-01 $121,225 (-3.9%) $198,060 (40.3%) 0.00 55
    2018-12-01 $121,950 (6.1%) $202,626 (39.6%) 0.00 58
    2019-01-01 $123,900 (1.4%) $207,107 (36.2%) 0.00 56
    2019-02-01 $116,225 (-4.1%) $191,260 (18.9%) 0.00 56
    2019-03-01 $116,500 (-2.9%) $168,734 (5.9%) 0.00 56
    2019-04-01 $115,625 (10.2%) $138,848 (-17.1%) 0.00 60
    2019-05-01 $125,450 (10.7%) $134,122 (-26.1%) 0.00 59
    2019-06-01 $134,000 (38.9%) $146,921 (-18.7%) 0.00 52
    2019-07-01 $132,750 (12.3%) $141,177 (-23.2%) 0.00 55
    2019-08-01 $129,291 (11.5%) $134,715 (-27.4%) 0.00 55
    2019-09-01 $125,977 (9.6%) $129,700 (-32.6%) 0.00 53
    2019-10-01 $123,768 (6.1%) $130,703 (-30.3%) 0.00 51
    2019-11-01 $120,950 (-0.2%) $129,920 (-34.4%) 0.00 42
    2019-12-01 $119,775 (-1.8%) $135,743 (-33.0%) 0.00 39
    2020-01-01 $120,750 (-2.5%) $139,867 (-32.5%) 0.00 41
    2020-02-01 $130,500 (12.3%) $148,779 (-22.2%) 0.00 39
    2020-03-01 $132,850 (14.0%) $306,374 (81.6%) 0.00 40
    2020-04-01 $141,250 (22.2%) $307,875 (121.7%) 0.00 39
    2020-05-01 $148,250 (18.2%) $348,711 (160.0%) 0.00 34
    2020-06-01 $155,375 (16.0%) $360,841 (145.6%) 0.00 33
    2020-07-01 $147,625 (11.2%) $369,524 (161.7%) 0.00 33
    2020-08-01 $137,250 (6.2%) $327,192 (142.9%) 0.00 39
    2020-09-01 $136,125 (8.1%) $338,947 (161.3%) 0.00 38
    2020-10-01 $139,900 (13.0%) $342,628 (162.1%) 0.00 39
    2020-11-01 $149,675 (23.8%) $362,332 (178.9%) 0.00 36
    2020-12-01 $146,175 (22.0%) $367,629 (170.8%) 0.00 34
    2021-01-01 $144,500 (19.7%) $378,445 (170.6%) 0.00 32
    2021-02-01 $148,550 (13.8%) $194,480 (30.7%) 0.00 30
    2021-03-01 $119,081 (-10.4%) $171,328 (-44.1%) 0.00 26
    2021-04-01 $133,175 (-5.7%) $187,277 (-39.2%) 0.00 24
    2021-05-01 $129,900 (-12.4%) $153,660 (-55.9%) 0.00 31
    2021-06-01 $127,325 (-18.1%) $150,372 (-58.3%) 0.00 31
    2021-07-01 $149,900 (1.5%) $164,788 (-55.4%) 0.00 25
    2021-08-01 $149,975 (9.3%) $177,085 (-45.9%) 0.00 31
    2021-09-01 $155,000 (13.9%) $176,012 (-48.1%) 0.00 34
    2021-10-01 $161,450 (15.4%) $169,680 (-50.5%) 0.00 32
    2021-11-01 $140,500 (-6.1%) $150,227 (-58.5%) 0.00 26
    2021-12-01 $141,500 (-3.2%) $149,442 (-59.4%) 0.00 29
    2022-01-01 $136,250 (-5.7%) $153,533 (-59.4%) 0.00 28
    2022-02-01 $132,625 (-10.7%) $180,217 (-7.3%) 0.00 29
    2022-03-01 $125,100 (5.1%) $178,060 (3.9%) 0.00 31
    2022-04-01 $115,750 (-13.1%) $247,750 (32.3%) 0.00 31
    2022-05-01 $126,850 (-2.4%) $249,069 (62.1%) 0.00 33
    2022-06-01 $162,850 (27.9%) $249,754 (66.1%) 0.00 39
    2022-07-01 $111,950 (-25.3%) $219,227 (33.0%) 0.00 48
    2022-08-01 $166,624 (11.1%) $217,017 (22.6%) 0.00 48
    2022-09-01 $157,000 (1.3%) $219,083 (24.5%) 0.00 49
    2022-10-01 $152,450 (-5.6%) $209,073 (23.2%) 0.00 48
    2022-11-01 $135,750 (-3.4%) $199,337 (32.7%) 0.00 52
    2022-12-01 $149,900 (5.9%) $202,701 (35.6%) 0.00 53
    2023-01-01 $147,750 (8.4%) $205,257 (33.7%) 0.00 44
    2023-02-01 $141,500 (6.7%) $224,332 (24.5%) 0.00 48
    2023-03-01 $141,725 (13.3%) $242,037 (35.9%) 0.00 45
    2023-04-01 $115,000 (-0.7%) $219,844 (-11.3%) 0.00 47
    2023-05-01 $132,000 (4.1%) $213,885 (-14.1%) 0.00 52
    2023-06-01 $130,500 (-19.9%) $221,539 (-11.3%) 0.00 55
    2023-07-01 $125,000 (11.7%) $219,067 (-0.1%) 0.00 49
    2023-08-01 $149,700 (-10.2%) $237,964 (9.7%) 0.00 60
    2023-09-01 $149,000 (-5.1%) $240,500 (9.8%) 0.00 64
    2023-10-01 $151,750 (-0.5%) $233,589 (11.7%) 0.00 69
    2023-11-01 $162,500 (19.7%) $243,679 (22.3%) 0.00 69
    2023-12-01 $156,250 (4.2%) $244,497 (20.6%) 0.00 72
    2024-01-01 $139,250 (-5.8%) $213,359 (4.0%) 0.00 73
    2024-02-01 $135,225 (-4.4%) $191,517 (-14.6%) 0.00 72
    2024-03-01 $149,999 (5.8%) $204,983 (-15.3%) 0.00 71
    2024-04-01 $142,450 (23.9%) $219,153 (-0.3%) 0.00 76
    2024-05-01 $137,425 (4.1%) $210,487 (-1.6%) 0.00 77
    2024-06-01 $150,000 (14.9%) $201,722 (-9.0%) 0.00 76
    2024-07-01 $157,475 (26.0%) $199,650 (-8.9%) 0.00 83
    2024-08-01 $174,450 (16.5%) $204,222 (-14.2%) 0.00 79
    2024-09-01 $164,950 (10.7%) $215,267 (-10.5%) 0.00 80
    2024-10-01 $152,750 (0.7%) $240,362 (2.9%) 0.00 87
    2024-11-01 $145,000 (-10.8%) $236,585 (-2.9%) 0.00 97
    Sweetwater's median listing price for 2024-11-01 was $145,000, a difference of $-17,500 (-10.8%) versus the prior year and $-7,750 versus the prior month.

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

    Sweetwater's average listing price for 2024-11-01 was $236,585, a difference of $-7,094 (-2.9%) versus the prior year and $-3,777 versus the prior month.

    For the 2024-11-01 period, Sweetwater had 97 MLS listings, a difference of 10 listings (11%) versus the prior month and 28 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sweetwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,892 sqft
    2018-02-01 0 days 1,784 sqft
    2018-03-01 0 days 1,775 sqft
    2018-04-01 0 days 1,723 sqft
    2018-05-01 0 days 1,752 sqft
    2018-06-01 0 days 1,716 sqft
    2018-07-01 0 days 1,686 sqft
    2018-08-01 0 days 1,704 sqft
    2018-09-01 0 days 1,715 sqft
    2018-10-01 0 days 1,732 sqft
    2018-11-01 0 days 1,727 sqft
    2018-12-01 0 days 1,732 sqft
    2019-01-01 0 days 1,762 sqft
    2019-02-01 0 days 1,762 sqft
    2019-03-01 0 days 1,776 sqft
    2019-04-01 0 days 1,788 sqft
    2019-05-01 0 days 1,820 sqft
    2019-06-01 0 days 1,855 sqft
    2019-07-01 0 days 1,937 sqft
    2019-08-01 0 days 1,879 sqft
    2019-09-01 0 days 1,840 sqft
    2019-10-01 0 days 1,799 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,812 sqft
    2020-01-01 0 days 1,797 sqft
    2020-02-01 0 days 1,788 sqft
    2020-03-01 0 days 1,860 sqft
    2020-04-01 0 days 2,047 sqft
    2020-05-01 0 days 2,078 sqft
    2020-06-01 0 days 2,317 sqft
    2020-07-01 0 days 2,289 sqft
    2020-08-01 0 days 2,295 sqft
    2020-09-01 0 days 2,377 sqft
    2020-10-01 0 days 2,368 sqft
    2020-11-01 0 days 2,355 sqft
    2020-12-01 0 days 2,185 sqft
    2021-01-01 0 days 2,287 sqft
    2021-02-01 0 days 1,997 sqft
    2021-03-01 0 days 1,693 sqft
    2021-04-01 0 days 1,853 sqft
    2021-05-01 0 days 1,667 sqft
    2021-06-01 0 days 1,662 sqft
    2021-07-01 0 days 1,822 sqft
    2021-08-01 0 days 1,899 sqft
    2021-09-01 0 days 1,859 sqft
    2021-10-01 0 days 1,845 sqft
    2021-11-01 0 days 1,902 sqft
    2021-12-01 0 days 1,920 sqft
    2022-01-01 0 days 1,913 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 1,815 sqft
    2022-04-01 0 days 1,513 sqft
    2022-05-01 0 days 1,630 sqft
    2022-06-01 0 days 1,593 sqft
    2022-07-01 0 days 1,520 sqft
    2022-08-01 0 days 1,614 sqft
    2022-09-01 0 days 1,639 sqft
    2022-10-01 0 days 1,644 sqft
    2022-11-01 0 days 1,654 sqft
    2022-12-01 0 days 1,716 sqft
    2023-01-01 0 days 1,654 sqft
    2023-02-01 0 days 1,613 sqft
    2023-03-01 0 days 1,532 sqft
    2023-04-01 0 days 1,508 sqft
    2023-05-01 0 days 1,404 sqft
    2023-06-01 0 days 1,613 sqft
    2023-07-01 0 days 1,659 sqft
    2023-08-01 0 days 1,652 sqft
    2023-09-01 0 days 1,673 sqft
    2023-10-01 0 days 1,784 sqft
    2023-11-01 0 days 1,893 sqft
    2023-12-01 0 days 1,966 sqft
    2024-01-01 0 days 1,733 sqft
    2024-02-01 0 days 1,761 sqft
    2024-03-01 0 days 1,833 sqft
    2024-04-01 0 days 1,869 sqft
    2024-05-01 0 days 1,909 sqft
    2024-06-01 0 days 1,849 sqft
    2024-07-01 0 days 1,800 sqft
    2024-08-01 0 days 1,790 sqft
    2024-09-01 0 days 1,798 sqft
    2024-10-01 0 days 1,791 sqft
    2024-11-01 0 days 1,796 sqft
    Sweetwater's median listing age (time on market) for 2024-11-01 was 0 days.

    Sweetwater's median square footage for active listings during the 2024-11-01 period was 1,796 sqft. One year prior, the average listing was 1,893 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.