Texarkana VA Loan Rates, Closing Costs & Stats

TEXARKANA, TX-AR

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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.

    Texarkana's 42 lenders originated 181 VA loans during 2023. The total origination value was $47,725,000, with an average VA loan value of $263,674.

    Texarkana VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Texarkana averaged 7.1% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Texarkana's average VA mortgage closing costs are $5,227.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.99%.

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

    Texarkana 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 Texarkana level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 44 6.95% $4,133
    MORTGAGE FINANCIAL SERVICES, LLC 22 6.71% $7,901
    NAVY FEDERAL CREDIT UNION 14 5.92% $5,925
    UNITED WHOLESALE MORTGAGE, LLC 11 6.56% $7,904
    EVERETT FINANCIAL, INC. 9 6.96% $4,757
    USAA Federal Savings Bank 7 6.07% $8,426
    GUILD MORTGAGE COMPANY 7 6.21% $10,025
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 7.02% $10,882
    QUICKEN LOANS, LLC 6 6.39% $9,950
    State Bank of De Kalb 5 5.80% $5,871
    SWBC MORTGAGE CORPORATION 5 6.35% $7,969
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.97% $1,949
    Mr. Cooper ( Nationstar Mortgage ) 4 5.91% $9,917
    SECURITYNATIONAL MORTGAGE COMPANY 3 6.58% $10,303
    Mid-Continent Funding, Inc. 2 6.06% $5,210
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $9,402
    Barrington Bank & Trust Company, N.A. 2 6.50% $6,677
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.88% $4,031
    GUARANTEED RATE, INC. 2 7.50% $92
    HOMESPIRE MORTGAGE CORPORATION 1 6.75% $8,678
    LEADERONE FINANCIAL CORPORATION 1 7.25% $7,097
    AMCAP MORTGAGE, LTD. 1 6.75% $6,590
    Gateway First Bank 1 6.38% $8,276
    MORTGAGEONE, INC. 1 5.00% $8,545
    FREEDOM MORTGAGE CORPORATION 1 5.50% $11,083
    FirstTrust Home Loans, Inc. 1 7.63% $3,320
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $3,253
    NATIONS RELIABLE LENDING, LLC 1 5.25% $9,164
    CMG MORTGAGE, INC. 1 6.75% $4,625
    NEW DAY FINANCIAL, LLC 1 7.50% $5,512
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $3,101
    Plains Commerce Bank 1 6.25% $25,063
    PREMIA MORTGAGE, LLC 1 6.13% $8,361
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $6,403
    CARDINAL FINANCIAL 1 7.25% $17,158
    Regions Bank 1 7.25% $3,564
    BROKER SOLUTIONS, INC. 1 5.99% $11,061
    BNC National Bank 1 5.50% $7,463
    BancorpSouth 1 7.25% $2,900
    T2 FINANCIAL LLC 1 5.00% $5,207
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $11,426
    AMERICAN FINANCIAL NETWORK, INC. 1 7.88% $21,360

    The top Texarkana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 44 VA loans originated. Their average total fees are $4,133, which is $3,768 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

    The lowest fee Texarkana VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,133), NAVY FEDERAL CREDIT UNION ($5,925), MORTGAGE FINANCIAL SERVICES, LLC ($7,901), UNITED WHOLESALE MORTGAGE, LLC ($7,904) and .

    The lowest rate Texarkana VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.92%), UNITED WHOLESALE MORTGAGE, LLC (6.56%), MORTGAGE FINANCIAL SERVICES, LLC (6.71%), Mortgage Research Center, LLC (6.95%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Texarkana (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 $136,975 (-1.2%) $185,893 (0.1%) 0.51 473
    2018-02-01 $135,150 (-2.8%) $186,605 (0.8%) 0.49 469
    2018-03-01 $140,000 (-0.7%) $192,447 (0.4%) 0.49 466
    2018-04-01 $156,119 (4.2%) $203,696 (5.5%) 0.53 467
    2018-05-01 $159,900 (0.3%) $210,057 (7.3%) 0.53 469
    2018-06-01 $159,900 (0.2%) $218,528 (13.4%) 0.53 510
    2018-07-01 $163,500 (9.4%) $218,514 (14.5%) 0.55 547
    2018-08-01 $169,700 (19.1%) $219,864 (18.9%) 0.57 548
    2018-09-01 $166,125 (14.6%) $217,886 (17.1%) 0.56 529
    2018-10-01 $157,450 (9.3%) $209,776 (13.8%) 0.53 546
    2018-11-01 $157,500 (12.6%) $212,487 (16.4%) 0.53 554
    2018-12-01 $155,900 (12.2%) $216,601 (17.9%) 0.54 522
    2019-01-01 $155,250 (13.3%) $213,251 (14.7%) 0.54 500
    2019-02-01 $159,950 (18.4%) $211,934 (13.6%) 0.54 495
    2019-03-01 $166,957 (19.3%) $216,118 (12.3%) 0.55 487
    2019-04-01 $174,200 (11.6%) $224,185 (10.1%) 0.55 486
    2019-05-01 $171,600 (7.3%) $217,176 (3.4%) 0.54 472
    2019-06-01 $165,450 (3.5%) $212,968 (-2.5%) 0.52 498
    2019-07-01 $167,750 (2.6%) $212,875 (-2.6%) 0.53 493
    2019-08-01 $166,064 (-2.1%) $213,203 (-3.0%) 0.53 478
    2019-09-01 $161,659 (-2.7%) $210,771 (-3.3%) 0.52 481
    2019-10-01 $159,556 (1.3%) $209,150 (-0.3%) 0.51 481
    2019-11-01 $159,900 (1.5%) $207,186 (-2.5%) 0.52 464
    2019-12-01 $161,175 (3.4%) $207,224 (-4.3%) 0.54 421
    2020-01-01 $159,450 (2.7%) $209,008 (-2.0%) 0.53 370
    2020-02-01 $163,000 (1.9%) $214,846 (1.4%) 0.53 361
    2020-03-01 $157,950 (-5.4%) $205,903 (-4.7%) 0.50 366
    2020-04-01 $166,375 (-4.5%) $213,144 (-4.9%) 0.52 346
    2020-05-01 $179,450 (4.6%) $224,877 (3.6%) 0.55 304
    2020-06-01 $188,425 (13.9%) $233,975 (9.9%) 0.56 293
    2020-07-01 $197,824 (17.9%) $242,080 (13.7%) 0.57 280
    2020-08-01 $185,000 (11.4%) $234,150 (9.8%) 0.53 258
    2020-09-01 $184,850 (14.4%) $240,405 (14.1%) 0.53 234
    2020-10-01 $189,000 (18.5%) $240,177 (14.8%) 0.54 236
    2020-11-01 $185,000 (15.7%) $238,842 (15.3%) 0.54 235
    2020-12-01 $187,125 (16.1%) $247,094 (19.2%) 0.56 202
    2021-01-01 $184,900 (16.0%) $253,718 (21.4%) 0.55 182
    2021-02-01 $191,075 (17.2%) $254,469 (18.4%) 0.56 170
    2021-03-01 $195,350 (23.7%) $259,122 (25.9%) 0.55 161
    2021-04-01 $193,875 (16.5%) $363,138 (70.4%) 0.52 136
    2021-05-01 $199,900 (11.4%) $372,681 (65.7%) 0.53 134
    2021-06-01 $180,950 (-4.0%) $344,953 (47.4%) 0.48 142
    2021-07-01 $179,700 (-9.2%) $322,468 (33.2%) 0.47 168
    2021-08-01 $170,225 (-8.0%) $306,602 (30.9%) 0.45 188
    2021-09-01 $174,000 (-5.9%) $292,226 (21.6%) 0.46 197
    2021-10-01 $178,000 (-5.8%) $294,760 (22.7%) 0.47 213
    2021-11-01 $178,750 (-3.4%) $297,029 (24.4%) 0.48 226
    2021-12-01 $179,950 (-3.8%) $295,872 (19.7%) 0.49 229
    2022-01-01 $195,000 (5.5%) $318,221 (25.4%) 0.53 186
    2022-02-01 $223,250 (16.8%) $334,202 (31.3%) 0.58 178
    2022-03-01 $246,500 (26.2%) $316,835 (22.3%) 0.62 164
    2022-04-01 $272,500 (40.6%) $353,032 (-2.8%) 0.65 160
    2022-05-01 $258,500 (29.3%) $340,701 (-8.6%) 0.59 208
    2022-06-01 $239,800 (32.5%) $322,975 (-6.4%) 0.53 228
    2022-07-01 $237,000 (31.9%) $308,644 (-4.3%) 0.53 271
    2022-08-01 $225,975 (32.8%) $295,166 (-3.7%) 0.52 276
    2022-09-01 $223,625 (28.5%) $281,971 (-3.5%) 0.52 285
    2022-10-01 $213,450 (19.9%) $273,162 (-7.3%) 0.50 293
    2022-11-01 $199,700 (11.7%) $264,871 (-10.8%) 0.48 321
    2022-12-01 $199,000 (10.6%) $263,046 (-11.1%) 0.49 315
    2023-01-01 $207,225 (6.3%) $266,335 (-16.3%) 0.51 297
    2023-02-01 $223,450 (0.1%) $277,803 (-16.9%) 0.54 268
    2023-03-01 $233,950 (-5.1%) $291,280 (-8.1%) 0.55 267
    2023-04-01 $245,000 (-10.1%) $302,957 (-14.2%) 0.57 280
    2023-05-01 $279,000 (7.9%) $318,928 (-6.4%) 0.63 272
    2023-06-01 $259,950 (8.4%) $314,937 (-2.5%) 0.58 294
    2023-07-01 $245,000 (3.4%) $305,294 (-1.1%) 0.56 314
    2023-08-01 $249,900 (10.6%) $316,550 (7.2%) 0.57 353
    2023-09-01 $235,000 (5.1%) $302,236 (7.2%) 0.55 359
    2023-10-01 $239,450 (12.2%) $295,558 (8.2%) 0.56 380
    2023-11-01 $248,625 (24.5%) $309,937 (17.0%) 0.59 362
    2023-12-01 $252,000 (26.6%) $302,921 (15.2%) 0.61 371
    2024-01-01 $253,000 (22.1%) $306,973 (15.3%) 0.62 356
    2024-02-01 $241,350 (8.0%) $288,187 (3.7%) 0.58 363
    2024-03-01 $234,500 (0.2%) $283,358 (-2.7%) 0.55 391
    Texarkana's median listing price for 2024-03-01 was $234,500, a difference of $550 (0.2%) versus the prior year and $-6,850 versus the prior month.

    Texarkana's median listing price comes in at 55% of the national average.

    Texarkana's average listing price for 2024-03-01 was $283,358, a difference of $-7,922 (-2.7%) versus the prior year and $-4,829 versus the prior month.

    For the 2024-03-01 period, Texarkana had 391 MLS listings, a difference of 28 listings (8%) versus the prior month and 124 listings (46%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Texarkana (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 108 days 1,792 sqft
    2018-02-01 109 days 1,801 sqft
    2018-03-01 105 days 1,821 sqft
    2018-04-01 75 days 1,902 sqft
    2018-05-01 73 days 1,930 sqft
    2018-06-01 68 days 1,954 sqft
    2018-07-01 65 days 1,949 sqft
    2018-08-01 68 days 1,987 sqft
    2018-09-01 78 days 1,974 sqft
    2018-10-01 80 days 1,947 sqft
    2018-11-01 79 days 1,957 sqft
    2018-12-01 89 days 1,970 sqft
    2019-01-01 103 days 1,969 sqft
    2019-02-01 108 days 1,948 sqft
    2019-03-01 99 days 1,962 sqft
    2019-04-01 83 days 1,993 sqft
    2019-05-01 75 days 2,000 sqft
    2019-06-01 73 days 1,981 sqft
    2019-07-01 77 days 1,990 sqft
    2019-08-01 73 days 2,005 sqft
    2019-09-01 73 days 1,957 sqft
    2019-10-01 73 days 1,920 sqft
    2019-11-01 86 days 1,920 sqft
    2019-12-01 95 days 1,952 sqft
    2020-01-01 106 days 1,961 sqft
    2020-02-01 100 days 1,955 sqft
    2020-03-01 77 days 1,880 sqft
    2020-04-01 75 days 1,928 sqft
    2020-05-01 87 days 1,997 sqft
    2020-06-01 87 days 2,030 sqft
    2020-07-01 71 days 2,070 sqft
    2020-08-01 66 days 2,043 sqft
    2020-09-01 71 days 2,124 sqft
    2020-10-01 73 days 2,088 sqft
    2020-11-01 54 days 1,982 sqft
    2020-12-01 67 days 2,032 sqft
    2021-01-01 76 days 2,038 sqft
    2021-02-01 86 days 2,112 sqft
    2021-03-01 64 days 2,127 sqft
    2021-04-01 52 days 2,024 sqft
    2021-05-01 30 days 1,920 sqft
    2021-06-01 33 days 1,849 sqft
    2021-07-01 33 days 1,796 sqft
    2021-08-01 44 days 1,775 sqft
    2021-09-01 45 days 1,797 sqft
    2021-10-01 49 days 1,877 sqft
    2021-11-01 53 days 1,836 sqft
    2021-12-01 55 days 1,848 sqft
    2022-01-01 61 days 1,894 sqft
    2022-02-01 68 days 1,905 sqft
    2022-03-01 57 days 2,002 sqft
    2022-04-01 36 days 2,133 sqft
    2022-05-01 33 days 2,053 sqft
    2022-06-01 35 days 1,983 sqft
    2022-07-01 41 days 1,944 sqft
    2022-08-01 48 days 1,907 sqft
    2022-09-01 65 days 1,890 sqft
    2022-10-01 67 days 1,913 sqft
    2022-11-01 68 days 1,877 sqft
    2022-12-01 80 days 1,871 sqft
    2023-01-01 86 days 1,841 sqft
    2023-02-01 88 days 1,883 sqft
    2023-03-01 70 days 1,950 sqft
    2023-04-01 61 days 2,016 sqft
    2023-05-01 60 days 2,073 sqft
    2023-06-01 47 days 2,016 sqft
    2023-07-01 48 days 1,946 sqft
    2023-08-01 56 days 1,942 sqft
    2023-09-01 59 days 1,913 sqft
    2023-10-01 63 days 1,906 sqft
    2023-11-01 73 days 1,920 sqft
    2023-12-01 80 days 1,925 sqft
    2024-01-01 89 days 1,914 sqft
    2024-02-01 81 days 1,840 sqft
    2024-03-01 67 days 1,807 sqft
    Texarkana's median listing age (time on market) for 2024-03-01 was 67 days. This is -4% shorter than the same period one year ago.

    Texarkana's median square footage for active listings during the 2024-03-01 period was 1,807 sqft. One year prior, the average listing was 1,950 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.