Tyler VA Loan Rates, Closing Costs & Stats

TYLER, 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.

    Tyler's 68 lenders originated 320 VA loans during 2022. The total origination value was $105,220,000, with an average VA loan value of $328,813.

    Tyler VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tyler averaged 6.66% for the week of 2023-09-15, compared to the national average (all VA variants) of 6.807% for the same period.

    Tyler's average VA mortgage closing costs are $6,137.

    The average rate for the prior week (2023-09-08) was 6.59% and one month ago for the week of 2023-08-11, the average rate was 6.44%.

    The average rate one year ago was 5.33%.

    For refis of the same type during the week of 2023-09-15, the average rate was 5.89%.

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

    Tyler 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 Tyler level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 41 5.24% $8,854
    CMG MORTGAGE, INC. 31 4.92% $10,195
    UNITED WHOLESALE MORTGAGE, LLC 26 4.77% $8,239
    NAVY FEDERAL CREDIT UNION 18 4.22% $8,795
    CARDINAL FINANCIAL 14 5.03% $11,598
    QUICKEN LOANS, LLC 12 3.78% $10,511
    CALIBER HOME LOANS, INC. 11 4.65% $10,880
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 4.66% $10,462
    GUARANTEED RATE, INC. 10 4.66% $8,810
    Gateway First Bank 10 3.90% $13,448
    USAA Federal Savings Bank 10 4.34% $10,960
    LOANDEPOT.COM, LLC 9 5.14% $13,364
    MORTGAGE FINANCIAL SERVICES, LLC 8 4.44% $9,495
    FINANCE OF AMERICA MORTGAGE LLC 5 4.22% $9,943
    FREEDOM MORTGAGE CORPORATION 5 4.05% $4,624
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 5.13% $13,013
    HOME POINT FINANCIAL CORPORATION 5 4.93% $8,780
    Mr. Cooper ( Nationstar Mortgage ) 4 4.28% $5,564
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.80% $11,063
    CROSSCOUNTRY MORTGAGE, LLC 4 5.16% $12,468
    GUILD MORTGAGE COMPANY 3 4.92% $20,547
    Prosperity Home Mortgage, LLC 3 5.58% $15,150
    AMCAP MORTGAGE, LTD. 3 5.88% $9,796
    NEWREZ LLC 3 4.50% $11,598
    NEW DAY FINANCIAL, LLC 3 5.16% $9,856
    PREMIA MORTGAGE, LLC 2 4.50% $3,095
    CERTAINTY HOME LOANS, LLC 2 4.50% $6,784
    DRAPER AND KRAMER MORTGAGE CORP. 2 5.25% $7,620
    Hometown Lenders, Inc. 2 4.50% $8,693
    NATIONS DIRECT MORTGAGE, LLC 2 5.06% $9,363
    Paramount Residential Mortgage Group, Inc. 2 3.19% $7,467
    PENNYMAC LOAN SERVICES, LLC 2 3.00% $4,159
    PENTAGON FEDERAL CREDIT UNION 2 5.38% $9,754
    SFMC, LP 2 7.13% $14,385
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 5.69% $23,422
    Wells Fargo Bank 2 3.50% $5,315
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $14,969
    Equity Prime Mortgage LLC 1 6.25% $8,243
    T2 FINANCIAL LLC 1 4.13% $12,393
    Nations Lending Corporation 1 3.25% $2,278
    ENVOY MORTGAGE, LTD 1 6.25% $11,255
    NBH Bank 1 5.25% $11,311
    Encompass Lending Group, LP 1 5.75% $8,236
    EASTMAN 1 6.88% $5,465
    Northpointe Bank 1 2.75% $5,840
    ON Q FINANCIAL, INC. 1 3.75% $8,512
    OPEN MORTGAGE, LLC 1 3.75% $8,196
    The Home Loan Expert LLC 1 4.88% $10,281
    Trinity Oaks Mortgage, LLC 1 6.25% $22,065
    AMERISAVE MORTGAGE CORPORATION 1 4.63% $6,926
    Plains Commerce Bank 1 4.25% $6,914
    Eagle Bank and Trust Company 1 3.25% $6,893
    Barrington Bank & Trust Company, N.A. 1 5.75% $13,316
    ASPIRE FINANCIAL, INC. 1 3.75% $27,677
    Regions Bank 1 5.25% $7,506
    S1L, Inc. 1 3.88% $23,737
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $9,840
    SOUTHWEST FUNDING, LP 1 3.75% $8,900
    Strong Home Mortgage, LLC 1 4.75% $9,803
    Sunflower Bank 1 4.63% $3,684
    SWBC MORTGAGE CORPORATION 1 4.50% $42,620
    INTERLINC MORTGAGE SERVICES, LLC 1 5.50% $36,813
    JPMorgan Chase Bank 1 4.63% $10,673
    LAKEVIEW LOAN SERVICING, LLC 1 2.38% $5,157
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.63% $9,999
    Mid-Continent Funding, Inc. 1 5.00% $15,732
    EVERETT FINANCIAL, INC. 1 3.63% $3,903
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.75% $5,357

    The top Tyler VA lender as defined by loan originations is Mortgage Research Center, LLC, with 41 VA loans originated. Their average total fees are $8,854, which is $1,341 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Tyler VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,239), NAVY FEDERAL CREDIT UNION ($8,795), GUARANTEED RATE, INC. ($8,810), Mortgage Research Center, LLC ($8,854) and CMG MORTGAGE, INC. ($10,195).

    The lowest rate Tyler VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.78%), Gateway First Bank (3.90%), NAVY FEDERAL CREDIT UNION (4.22%), USAA Federal Savings Bank (4.34%) and CALIBER HOME LOANS, INC. (4.65%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tyler (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 $265,000 (9.6%) $391,219 (21.8%) 0.98 873
    2018-02-01 $266,495 (9.9%) $388,450 (20.3%) 0.97 891
    2018-03-01 $277,245 (11.3%) $395,055 (21.3%) 0.97 895
    2018-04-01 $282,438 (8.7%) $400,769 (18.0%) 0.96 914
    2018-05-01 $285,473 (9.0%) $401,581 (17.0%) 0.95 938
    2018-06-01 $274,900 (3.0%) $363,791 (-3.2%) 0.92 985
    2018-07-01 $274,000 (1.9%) $357,897 (-4.3%) 0.92 985
    2018-08-01 $265,000 (-1.7%) $345,902 (-8.9%) 0.89 993
    2018-09-01 $265,000 (-3.6%) $344,722 (-10.8%) 0.89 929
    2018-10-01 $267,625 (-2.7%) $348,346 (-10.6%) 0.91 933
    2018-11-01 $269,250 (-0.3%) $349,044 (-10.0%) 0.91 897
    2018-12-01 $275,000 (2.6%) $353,337 (-8.8%) 0.95 823
    2019-01-01 $275,575 (4.0%) $354,107 (-9.5%) 0.95 775
    2019-02-01 $269,375 (1.1%) $356,912 (-8.1%) 0.91 761
    2019-03-01 $280,100 (1.0%) $369,161 (-6.6%) 0.92 759
    2019-04-01 $294,950 (4.4%) $378,578 (-5.5%) 0.94 786
    2019-05-01 $306,950 (7.5%) $393,063 (-2.1%) 0.96 787
    2019-06-01 $299,999 (9.1%) $392,427 (7.9%) 0.94 786
    2019-07-01 $297,250 (8.5%) $380,894 (6.4%) 0.93 780
    2019-08-01 $292,273 (10.3%) $374,115 (8.2%) 0.93 772
    2019-09-01 $290,432 (9.6%) $370,418 (7.5%) 0.93 770
    2019-10-01 $289,205 (8.1%) $369,055 (5.9%) 0.93 765
    2019-11-01 $275,000 (2.1%) $359,013 (2.9%) 0.90 754
    2019-12-01 $269,450 (-2.0%) $346,731 (-1.9%) 0.90 737
    2020-01-01 $269,925 (-2.1%) $348,452 (-1.6%) 0.90 701
    2020-02-01 $269,900 (0.2%) $358,178 (0.4%) 0.88 664
    2020-03-01 $269,950 (-3.6%) $365,919 (-0.9%) 0.85 689
    2020-04-01 $275,000 (-6.8%) $363,970 (-3.9%) 0.86 691
    2020-05-01 $285,000 (-7.2%) $387,690 (-1.4%) 0.87 680
    2020-06-01 $291,125 (-3.0%) $391,931 (-0.1%) 0.86 672
    2020-07-01 $293,688 (-1.2%) $400,993 (5.3%) 0.85 625
    2020-08-01 $289,500 (-1.0%) $399,081 (6.7%) 0.83 597
    2020-09-01 $294,850 (1.5%) $400,784 (8.2%) 0.84 572
    2020-10-01 $290,000 (0.3%) $405,117 (9.8%) 0.83 506
    2020-11-01 $284,950 (3.6%) $388,882 (8.3%) 0.83 481
    2020-12-01 $295,000 (9.5%) $404,983 (16.8%) 0.88 438
    2021-01-01 $289,975 (7.4%) $391,313 (12.3%) 0.87 387
    2021-02-01 $299,750 (11.1%) $404,160 (12.8%) 0.87 335
    2021-03-01 $299,450 (10.9%) $424,483 (16.0%) 0.85 301
    2021-04-01 $312,625 (13.7%) $453,425 (24.6%) 0.85 311
    2021-05-01 $342,490 (20.2%) $472,384 (21.9%) 0.91 318
    2021-06-01 $364,975 (25.4%) $522,568 (33.3%) 0.96 337
    2021-07-01 $360,000 (22.6%) $514,156 (28.2%) 0.95 381
    2021-08-01 $356,575 (23.2%) $488,169 (22.3%) 0.95 434
    2021-09-01 $351,275 (19.1%) $498,452 (24.4%) 0.94 425
    2021-10-01 $349,988 (20.7%) $504,132 (24.4%) 0.93 401
    2021-11-01 $359,938 (26.3%) $541,962 (39.4%) 0.96 357
    2021-12-01 $361,644 (22.6%) $541,818 (33.8%) 0.98 349
    2022-01-01 $364,700 (25.8%) $549,645 (40.5%) 0.99 309
    2022-02-01 $369,747 (23.4%) $555,158 (37.4%) 0.96 274
    2022-03-01 $357,850 (19.5%) $548,102 (29.1%) 0.90 265
    2022-04-01 $359,990 (15.2%) $569,936 (25.7%) 0.86 312
    2022-05-01 $382,200 (11.6%) $562,751 (19.1%) 0.87 402
    2022-06-01 $396,625 (8.7%) $571,245 (9.3%) 0.88 480
    2022-07-01 $394,700 (9.6%) $544,271 (5.9%) 0.89 556
    2022-08-01 $389,188 (9.2%) $554,286 (13.5%) 0.90 598
    2022-09-01 $393,000 (11.9%) $539,024 (8.1%) 0.92 649
    2022-10-01 $399,000 (14.0%) $539,269 (7.0%) 0.94 688
    2022-11-01 $399,450 (11.0%) $522,531 (-3.6%) 0.96 718
    2022-12-01 $403,750 (11.6%) $532,372 (-1.7%) 1.00 705
    2023-01-01 $400,000 (9.7%) $537,968 (-2.1%) 0.99 685
    2023-02-01 $405,935 (9.8%) $540,819 (-2.6%) 0.98 681
    2023-03-01 $409,035 (14.3%) $551,145 (0.6%) 0.96 685
    2023-04-01 $399,000 (10.8%) $535,189 (-6.1%) 0.93 696
    2023-05-01 $399,450 (4.5%) $532,862 (-5.3%) 0.90 710
    2023-06-01 $398,605 (0.5%) $518,275 (-9.3%) 0.90 777
    2023-07-01 $392,500 (-0.6%) $507,597 (-6.7%) 0.89 827
    2023-08-01 $385,000 (-1.1%) $512,396 (-7.6%) 0.88 861
    Tyler's median listing price for 2023-08-01 was $385,000, a difference of $-4,188 (-1.1%) versus the prior year and $-7,500 versus the prior month.

    Tyler's median listing price comes in at 88% of the national average.

    Tyler's average listing price for 2023-08-01 was $512,396, a difference of $-41,890 (-7.6%) versus the prior year and $4,799 versus the prior month.

    For the 2023-08-01 period, Tyler had 861 MLS listings, a difference of 34 listings (4%) versus the prior month and 263 listings (44%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tyler (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,304 sqft
    2018-02-01 78 days 2,263 sqft
    2018-03-01 66 days 2,304 sqft
    2018-04-01 63 days 2,323 sqft
    2018-05-01 59 days 2,336 sqft
    2018-06-01 57 days 2,304 sqft
    2018-07-01 60 days 2,283 sqft
    2018-08-01 65 days 2,269 sqft
    2018-09-01 72 days 2,278 sqft
    2018-10-01 66 days 2,275 sqft
    2018-11-01 67 days 2,266 sqft
    2018-12-01 78 days 2,275 sqft
    2019-01-01 86 days 2,276 sqft
    2019-02-01 83 days 2,234 sqft
    2019-03-01 68 days 2,275 sqft
    2019-04-01 54 days 2,344 sqft
    2019-05-01 49 days 2,435 sqft
    2019-06-01 51 days 2,437 sqft
    2019-07-01 53 days 2,430 sqft
    2019-08-01 57 days 2,413 sqft
    2019-09-01 59 days 2,393 sqft
    2019-10-01 60 days 2,370 sqft
    2019-11-01 67 days 2,301 sqft
    2019-12-01 71 days 2,220 sqft
    2020-01-01 76 days 2,166 sqft
    2020-02-01 64 days 2,151 sqft
    2020-03-01 53 days 2,182 sqft
    2020-04-01 57 days 2,183 sqft
    2020-05-01 59 days 2,211 sqft
    2020-06-01 51 days 2,265 sqft
    2020-07-01 51 days 2,236 sqft
    2020-08-01 52 days 2,236 sqft
    2020-09-01 53 days 2,252 sqft
    2020-10-01 52 days 2,200 sqft
    2020-11-01 51 days 2,206 sqft
    2020-12-01 64 days 2,251 sqft
    2021-01-01 67 days 2,177 sqft
    2021-02-01 44 days 2,150 sqft
    2021-03-01 49 days 2,148 sqft
    2021-04-01 33 days 2,188 sqft
    2021-05-01 36 days 2,202 sqft
    2021-06-01 38 days 2,259 sqft
    2021-07-01 38 days 2,203 sqft
    2021-08-01 38 days 2,191 sqft
    2021-09-01 41 days 2,192 sqft
    2021-10-01 50 days 2,142 sqft
    2021-11-01 56 days 2,131 sqft
    2021-12-01 55 days 2,108 sqft
    2022-01-01 54 days 2,029 sqft
    2022-02-01 46 days 2,062 sqft
    2022-03-01 38 days 2,002 sqft
    2022-04-01 29 days 2,001 sqft
    2022-05-01 30 days 2,048 sqft
    2022-06-01 33 days 2,105 sqft
    2022-07-01 36 days 2,073 sqft
    2022-08-01 40 days 2,050 sqft
    2022-09-01 44 days 2,093 sqft
    2022-10-01 50 days 2,144 sqft
    2022-11-01 54 days 2,145 sqft
    2022-12-01 70 days 2,174 sqft
    2023-01-01 73 days 2,126 sqft
    2023-02-01 68 days 2,150 sqft
    2023-03-01 57 days 2,170 sqft
    2023-04-01 50 days 2,120 sqft
    2023-05-01 48 days 2,179 sqft
    2023-06-01 44 days 2,131 sqft
    2023-07-01 45 days 2,101 sqft
    2023-08-01 50 days 2,097 sqft
    Tyler's median listing age (time on market) for 2023-08-01 was 50 days. This is 27% longer than the same period one year ago.

    Tyler's median square footage for active listings during the 2023-08-01 period was 2,097 sqft. One year prior, the average listing was 2,050 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.