Texarkana VA Loans

TEXARKANA, TX-AR

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 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 63 lenders originated 352 VA loans during 2021. The total origination value was $75,170,000, with an average VA loan value of $213,551.

Texarkana VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Texarkana averaged 5.66% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.49% and one month ago for the week of 2022-04-08, the average rate was 4.91%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.25%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Texarkana level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 51 2.99% $5,161
QUICKEN LOANS, LLC 29 2.56% $4,814
MORTGAGE FINANCIAL SERVICES, LLC 29 3.08% $7,002
FREEDOM MORTGAGE CORPORATION 24 2.53% $2,203
PENNYMAC LOAN SERVICES, LLC 13 2.40% $4,269
NEW DAY FINANCIAL, LLC 12 2.77% $5,027
USAA Federal Savings Bank 12 2.77% $3,089
CALIBER HOME LOANS, INC. 9 2.69% $3,453
NAVY FEDERAL CREDIT UNION 8 2.48% $3,467
State Bank of De Kalb 8 2.45% $4,132
GUILD MORTGAGE COMPANY 8 3.06% $5,424
VILLAGE CAPITAL & INVESTMENT LLC 7 2.64% $1,290
Barrington Bank & Trust Company, N.A. 6 2.80% $2,684
CLEARPATH LENDING 5 2.50% $1,903
UNITED WHOLESALE MORTGAGE, LLC 5 2.43% $2,874
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.06% $5,309
First Guaranty Mortgage Corporation 4 2.66% $4,483
LOANDEPOT.COM, LLC 4 2.62% $5,671
AMERICAN FINANCIAL NETWORK, INC. 3 2.46% $7,510
NEWREZ LLC 3 3.00% $4,188
SWBC MORTGAGE CORPORATION 3 2.63% $2,517
Farmers Bank & Trust Company 3 2.38% $2,517
HOME POINT FINANCIAL CORPORATION 3 2.54% $5,685
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.46% $5,156
ZILLOW HOME LOANS, LLC 2 2.75% $10,702
Carrington Mortgage Services, LLC 2 4.69% $5,619
EVERETT FINANCIAL, INC. 2 3.56% $8,188
Flagstar Bank, FSB 2 2.87% $5,718
InterContinental Capital Group, Inc 2 2.25% $3,861
Lakeview Community Capital, LLC 2 2.94% $1,987
LAKEVIEW LOAN SERVICING, LLC 2 2.68% $3,233
Magnolia Bank 2 2.25% $8,578
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.81% $4,099
The Federal Savings Bank 2 2.50% $6,344
Waterstone Mortgage Corporation 2 3.31% $8,688
Wells Fargo Bank 2 2.56% $2,828
Mid-Continent Funding, Inc. 1 2.88% $3,925
GREAT WESTERN FINANCIAL SERVICES, INC. 1 2.88% $7,517
Goldwater Bank, N.A. 1 3.00% $1,271
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.25% $20,057
MOVEMENT MORTGAGE, LLC 1 3.75% $2,188
Mr. Cooper ( Nationstar Mortgage ) 1 4.25% $4,021
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $2,369
NATIONS RELIABLE LENDING, LLC 1 2.88% $952
Gateway First Bank 1 4.00% $11,696
FirstTrust Home Loans, Inc. 1 2.75% $4,010
Credence Funding Corporation 1 2.25% $1,695
NP, Inc. 1 2.25% $6,630
Paramount Bank 1 2.75% $3,760
Community First National Bank 1 2.38% $11,517
AMCAP MORTGAGE, LTD. 1 2.88% $11,572
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $6,220
BKCO MORTGAGE, LLC 1 2.75% $4,467
Bank of England 1 2.50% $2,865
AMERISAVE MORTGAGE CORPORATION 1 2.75% $18,723
ACCELERATE MORTGAGE, LLC 1 2.25% $3,997
JAMES B. NUTTER & COMPANY 1 2.88% $1,000
The Huntington National Bank 1 2.88% $2,782
AmeriHome Mortgage Company, LLC 1 2.50% $2,742
LEADERONE FINANCIAL CORPORATION 1 3.38% $1,956
Guaranty Bank & Trust, N.A. 1 2.50% $3,500
AMERICAN FINANCING CORPORATION 1 2.63% $2,988
Manufacturers and Traders Trust Company 1 2.75% $4,451

The top Texarkana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 51 VA loans originated. Their average total fees are $5,161, which is $346 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Texarkana VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,203), USAA Federal Savings Bank ($3,089), PENNYMAC LOAN SERVICES, LLC ($4,269), QUICKEN LOANS, LLC ($4,814) and NEW DAY FINANCIAL, LLC ($5,027).

The lowest rate Texarkana VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.40%), FREEDOM MORTGAGE CORPORATION (2.53%), QUICKEN LOANS, LLC (2.56%), NEW DAY FINANCIAL, LLC (2.77%) and USAA Federal Savings Bank (2.77%).


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 $133,900 (-3.5%) $180,606 (-3.1%) 0.49 522
2018-02-01 $133,450 (-4.0%) $182,334 (-1.9%) 0.48 522
2018-03-01 $140,000 (-0.7%) $189,748 (-1.6%) 0.48 523
2018-04-01 $152,337 (2.2%) $199,574 (3.2%) 0.51 520
2018-05-01 $158,450 (0.3%) $205,287 (3.9%) 0.53 513
2018-06-01 $159,900 (0.6%) $215,307 (11.4%) 0.53 555
2018-07-01 $159,900 (7.3%) $213,001 (11.7%) 0.53 608
2018-08-01 $161,700 (14.7%) $213,195 (16.3%) 0.54 619
2018-09-01 $165,000 (15.8%) $212,598 (15.8%) 0.55 598
2018-10-01 $155,000 (10.8%) $207,982 (15.2%) 0.52 632
2018-11-01 $157,500 (15.0%) $212,512 (18.9%) 0.53 633
2018-12-01 $155,000 (14.9%) $212,408 (17.8%) 0.53 601
2019-01-01 $153,400 (14.6%) $209,826 (16.2%) 0.53 578
2019-02-01 $157,500 (18.0%) $212,336 (16.5%) 0.53 595
2019-03-01 $166,386 (18.9%) $217,919 (14.9%) 0.54 599
2019-04-01 $174,900 (14.8%) $226,729 (13.6%) 0.55 600
2019-05-01 $175,000 (10.4%) $224,190 (9.2%) 0.54 583
2019-06-01 $169,900 (6.3%) $220,041 (2.2%) 0.52 599
2019-07-01 $169,900 (6.3%) $219,124 (2.9%) 0.53 604
2019-08-01 $168,657 (4.3%) $219,798 (3.1%) 0.53 593
2019-09-01 $166,000 (0.6%) $217,837 (2.5%) 0.53 588
2019-10-01 $159,900 (3.2%) $211,101 (1.5%) 0.51 604
2019-11-01 $159,500 (1.3%) $210,290 (-1.1%) 0.51 586
2019-12-01 $159,900 (3.2%) $208,734 (-1.7%) 0.53 535
2020-01-01 $162,400 (5.9%) $211,081 (0.6%) 0.54 480
2020-02-01 $164,900 (4.7%) $215,252 (1.4%) 0.53 454
2020-03-01 $159,400 (-4.2%) $209,044 (-4.1%) 0.50 453
2020-04-01 $161,500 (-7.7%) $215,343 (-5.0%) 0.50 429
2020-05-01 $179,900 (2.8%) $230,365 (2.8%) 0.55 365
2020-06-01 $193,449 (13.9%) $241,849 (9.9%) 0.56 375
2020-07-01 $204,900 (20.6%) $253,176 (15.5%) 0.59 356
2020-08-01 $189,900 (12.6%) $247,551 (12.6%) 0.54 325
2020-09-01 $193,200 (16.4%) $259,237 (19.0%) 0.55 295
2020-10-01 $195,000 (22.0%) $256,763 (21.6%) 0.56 282
2020-11-01 $190,000 (19.1%) $250,492 (19.1%) 0.54 286
2020-12-01 $190,000 (18.8%) $266,349 (27.6%) 0.56 254
2021-01-01 $189,900 (16.9%) $270,693 (28.2%) 0.56 228
2021-02-01 $196,000 (18.9%) $270,466 (25.7%) 0.56 212
2021-03-01 $199,500 (25.2%) $279,087 (33.5%) 0.56 196
2021-04-01 $231,950 (43.6%) $367,794 (70.8%) 0.62 165
2021-05-01 $220,000 (22.3%) $380,057 (65.0%) 0.58 146
2021-06-01 $184,450 (-4.7%) $358,739 (48.3%) 0.48 149
2021-07-01 $182,500 (-10.9%) $333,702 (31.8%) 0.47 170
2021-08-01 $172,450 (-9.2%) $312,960 (26.4%) 0.45 195
2021-09-01 $173,000 (-10.5%) $296,734 (14.5%) 0.46 212
2021-10-01 $179,500 (-8.0%) $296,328 (15.4%) 0.47 229
2021-11-01 $179,700 (-5.4%) $298,538 (19.2%) 0.47 240
2021-12-01 $179,950 (-5.3%) $292,984 (10.0%) 0.48 247
2022-01-01 $189,900 (0.0%) $309,788 (14.4%) 0.51 207
2022-02-01 $211,950 (8.1%) $330,339 (22.1%) 0.54 191
2022-03-01 $231,500 (16.0%) $320,166 (14.7%) 0.57 182
2022-04-01 $279,900 (20.7%) $347,565 (-5.5%) 0.66 166
Texarkana's median listing price for 2022-04-01 was $279,900, a difference of $47,950 (20.7%) versus the prior year and $48,400 versus the prior month.

Texarkana's median listing price comes in at 66% of the national average.

Texarkana's average listing price for 2022-04-01 was $347,565, a difference of $-20,229 (-5.5%) versus the prior year and $27,399 versus the prior month.

For the 2022-04-01 period, Texarkana had 166 MLS listings, a difference of -16 listings (-9%) versus the prior month and 1 listings (1%) 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
2018-01-01 112 days 1,796 sqft
2018-02-01 112 days 1,801 sqft
2018-03-01 110 days 1,855 sqft
2018-04-01 81 days 1,912 sqft
2018-05-01 78 days 1,931 sqft
2018-06-01 71 days 1,978 sqft
2018-07-01 69 days 1,955 sqft
2018-08-01 72 days 1,988 sqft
2018-09-01 80 days 1,998 sqft
2018-10-01 82 days 1,948 sqft
2018-11-01 82 days 1,954 sqft
2018-12-01 92 days 1,959 sqft
2019-01-01 103 days 1,953 sqft
2019-02-01 113 days 1,956 sqft
2019-03-01 95 days 1,971 sqft
2019-04-01 83 days 2,003 sqft
2019-05-01 80 days 2,028 sqft
2019-06-01 77 days 2,004 sqft
2019-07-01 79 days 2,043 sqft
2019-08-01 77 days 2,064 sqft
2019-09-01 75 days 1,992 sqft
2019-10-01 75 days 1,916 sqft
2019-11-01 84 days 1,920 sqft
2019-12-01 98 days 1,958 sqft
2020-01-01 109 days 1,970 sqft
2020-02-01 105 days 1,966 sqft
2020-03-01 92 days 1,920 sqft
2020-04-01 83 days 1,931 sqft
2020-05-01 95 days 2,025 sqft
2020-06-01 85 days 2,041 sqft
2020-07-01 57 days 2,087 sqft
2020-08-01 64 days 2,025 sqft
2020-09-01 71 days 2,149 sqft
2020-10-01 71 days 2,090 sqft
2020-11-01 55 days 2,019 sqft
2020-12-01 62 days 2,077 sqft
2021-01-01 73 days 2,128 sqft
2021-02-01 78 days 2,183 sqft
2021-03-01 78 days 2,198 sqft
2021-04-01 75 days 2,151 sqft
2021-05-01 37 days 2,019 sqft
2021-06-01 35 days 1,886 sqft
2021-07-01 39 days 1,848 sqft
2021-08-01 39 days 1,814 sqft
2021-09-01 44 days 1,799 sqft
2021-10-01 44 days 1,888 sqft
2021-11-01 54 days 1,851 sqft
2021-12-01 56 days 1,841 sqft
2022-01-01 63 days 1,863 sqft
2022-02-01 69 days 1,875 sqft
2022-03-01 60 days 1,960 sqft
2022-04-01 36 days 2,161 sqft
Texarkana's median listing age (time on market) for 2022-04-01 was 36 days. This is -52% shorter than the same period one year ago.

Texarkana's median square footage for active listings during the 2022-04-01 period was 2,161 sqft. One year prior, the average listing was 2,151 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.