Tyler VA Loan Rates, Closing Costs & Stats
TYLER, TX
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.