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 70 lenders originated 264 VA loans during 2023. The total origination value was $88,140,000, with an average VA loan value of $333,864.

Tyler VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tyler averaged 6.79% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

Tyler's average VA mortgage closing costs are $6,432.

The average rate for the prior week (2024-05-10) was 6.79% and one month ago for the week of 2024-04-12, the average rate was 7.07%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.55%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 57 6.61% $8,678
UNITED WHOLESALE MORTGAGE, LLC 29 6.43% $5,931
CMG MORTGAGE, INC. 29 6.78% $8,980
GUARANTEED RATE, INC. 10 6.34% $5,911
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.51% $10,045
NAVY FEDERAL CREDIT UNION 8 5.59% $5,679
QUICKEN LOANS, LLC 7 6.28% $8,367
USAA Federal Savings Bank 7 6.50% $8,795
CARDINAL FINANCIAL 7 6.61% $12,836
HALLMARK HOME MORTGAGE, LLC 5 6.85% $10,416
Barrington Bank & Trust Company, N.A. 4 6.00% $7,088
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.56% $2,961
NEWREZ LLC 4 7.38% $5,764
SUCCESS MORTGAGE PARTNERS, INC. 3 6.42% $12,502
PENTAGON FEDERAL CREDIT UNION 3 5.88% $6,672
Wells Fargo Bank 3 6.00% $3,086
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.88% $11,713
GUILD MORTGAGE COMPANY 3 6.25% $9,456
UNION HOME MORTGAGE CORP. 3 6.83% $6,628
Mid-Continent Funding, Inc. 2 6.37% $12,067
Austin Bank, Texas 2 6.19% $13,545
Ixonia Bank 2 6.73% $9,451
BROKER SOLUTIONS, INC. 2 6.50% $7,788
PREMIA MORTGAGE, LLC 2 5.69% $10,052
MANN FINANCIAL INC. 2 7.19% $6,061
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.63% $23,252
Prosperity Home Mortgage, LLC 2 6.44% $8,893
T2 FINANCIAL LLC 2 6.75% $12,277
AMCAP MORTGAGE, LTD. 2 6.63% $13,320
Mr. Cooper ( Nationstar Mortgage ) 2 6.75% $9,746
FREEDOM MORTGAGE CORPORATION 2 6.87% $7,597
Prosperity Bank 1 6.75% $13,689
Southside Bank 1 7.13% $14,630
SUMMIT FUNDING, INC. 1 6.50% $0
SUN WEST MORTGAGE COMPANY, INC. 1 8.25% $6,160
TIB The Independent Bankersbank 1 6.38% $12,245
TOWNE MORTGAGE COMPANY 1 5.63% $9,320
U.S. Bank 1 5.13% $7,558
Waterstone Mortgage Corporation 1 7.13% $9,119
MOVEMENT MORTGAGE, LLC 1 5.63% $34,661
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $1,820
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $7,198
CALCON MUTUAL MORTGAGE LLC 1 6.25% $11,958
Cambria Financial Group, LLC 1 4.99% $6,089
Century Mortgage Company DBA Century Lending Company 1 7.13% $7,778
CHURCHILL MORTGAGE CORPORATION 1 7.63% $9,904
Colonial Savings, F.A. 1 6.13% $8,379
CROSSCOUNTRY MORTGAGE, LLC 1 6.56% $3,393
Equity Prime Mortgage LLC 1 7.38% $17,732
EVERETT FINANCIAL, INC. 1 5.50% $12,880
Extraco Banks 1 6.25% $9,777
First United Bank and Trust Company 1 7.38% $17,606
GARDNER FINANCIAL SERVICES, LTD. 1 5.63% $16,849
Gateway First Bank 1 6.41% $24,675
GENEVA FINANCIAL, LLC 1 6.63% $9,635
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $12,527
LOANDEPOT.COM, LLC 1 6.63% $12,050
MORTGAGE FINANCIAL SERVICES, LLC 1 5.75% $11,031
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $0
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $7,962
Nations Lending Corporation 1 6.25% $4,302
NATIONS RELIABLE LENDING, LLC 1 7.63% $8,426
NEW DAY FINANCIAL, LLC 1 7.00% $11,547
NTFN, INC. 1 6.75% $10,753
Paramount Residential Mortgage Group, Inc. 1 6.25% $7,377
PENNYMAC LOAN SERVICES, LLC 1 6.25% $6,145
Plains Commerce Bank 1 6.75% $18,679
PLAZA HOME MORTGAGE, INC. 1 6.50% $22,593
PNC Bank 1 6.00% $3,082
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $20,462

The top Tyler VA lender as defined by loan originations is Mortgage Research Center, LLC, with 57 VA loans originated. Their average total fees are $8,678, which is $2,748 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Tyler VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($5,911), UNITED WHOLESALE MORTGAGE, LLC ($5,931), Mortgage Research Center, LLC ($8,678), CMG MORTGAGE, INC. ($8,980) and .

The lowest rate Tyler VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (6.34%), UNITED WHOLESALE MORTGAGE, LLC (6.43%), Mortgage Research Center, LLC (6.61%), CMG MORTGAGE, INC. (6.78%) and .


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 $265,225 (9.6%) $391,701 (21.7%) 0.98 870
2018-02-01 $267,625 (10.3%) $389,085 (20.3%) 0.97 886
2018-03-01 $277,750 (11.6%) $395,879 (21.4%) 0.97 892
2018-04-01 $282,438 (8.7%) $400,994 (18.1%) 0.96 912
2018-05-01 $285,473 (9.1%) $401,829 (17.1%) 0.95 936
2018-06-01 $274,900 (2.7%) $363,676 (-3.2%) 0.92 983
2018-07-01 $274,000 (1.9%) $357,958 (-4.3%) 0.92 983
2018-08-01 $265,000 (-1.8%) $346,080 (-9.0%) 0.89 991
2018-09-01 $265,000 (-3.6%) $344,802 (-10.9%) 0.89 926
2018-10-01 $265,875 (-3.3%) $348,448 (-10.7%) 0.90 930
2018-11-01 $269,250 (-0.5%) $349,021 (-10.1%) 0.91 895
2018-12-01 $275,000 (2.5%) $353,121 (-9.0%) 0.95 820
2019-01-01 $276,425 (4.2%) $353,979 (-9.6%) 0.96 771
2019-02-01 $269,700 (0.8%) $356,842 (-8.3%) 0.91 758
2019-03-01 $280,100 (0.9%) $369,130 (-6.8%) 0.92 757
2019-04-01 $294,950 (4.4%) $378,495 (-5.6%) 0.94 785
2019-05-01 $304,950 (6.8%) $392,852 (-2.2%) 0.95 785
2019-06-01 $299,900 (9.1%) $392,423 (7.9%) 0.94 782
2019-07-01 $297,000 (8.4%) $379,900 (6.1%) 0.93 778
2019-08-01 $291,779 (10.1%) $373,213 (7.8%) 0.92 769
2019-09-01 $290,216 (9.5%) $369,488 (7.2%) 0.93 767
2019-10-01 $289,174 (8.8%) $367,975 (5.6%) 0.93 763
2019-11-01 $275,000 (2.1%) $357,763 (2.5%) 0.90 753
2019-12-01 $269,450 (-2.0%) $346,018 (-2.0%) 0.90 735
2020-01-01 $269,900 (-2.4%) $348,328 (-1.6%) 0.90 699
2020-02-01 $269,900 (0.1%) $358,346 (0.4%) 0.88 661
2020-03-01 $269,900 (-3.6%) $365,769 (-0.9%) 0.85 686
2020-04-01 $274,993 (-6.8%) $363,492 (-4.0%) 0.86 689
2020-05-01 $285,000 (-6.5%) $387,269 (-1.4%) 0.87 678
2020-06-01 $290,850 (-3.0%) $391,643 (-0.2%) 0.86 669
2020-07-01 $292,000 (-1.7%) $400,572 (5.4%) 0.85 622
2020-08-01 $289,500 (-0.8%) $399,299 (7.0%) 0.83 594
2020-09-01 $294,850 (1.6%) $401,029 (8.5%) 0.84 568
2020-10-01 $290,000 (0.3%) $405,427 (10.2%) 0.83 503
2020-11-01 $284,975 (3.6%) $389,446 (8.9%) 0.83 478
2020-12-01 $295,000 (9.5%) $405,272 (17.1%) 0.88 436
2021-01-01 $289,950 (7.4%) $391,726 (12.5%) 0.87 385
2021-02-01 $299,600 (11.0%) $404,255 (12.8%) 0.87 334
2021-03-01 $298,700 (10.7%) $424,656 (16.1%) 0.85 300
2021-04-01 $312,500 (13.6%) $453,549 (24.8%) 0.85 310
2021-05-01 $342,490 (20.2%) $472,524 (22.0%) 0.91 317
2021-06-01 $364,950 (25.5%) $522,819 (33.5%) 0.96 336
2021-07-01 $360,000 (23.3%) $514,385 (28.4%) 0.95 380
2021-08-01 $356,700 (23.2%) $488,691 (22.4%) 0.95 432
2021-09-01 $350,000 (18.7%) $497,789 (24.1%) 0.93 423
2021-10-01 $349,944 (20.7%) $504,302 (24.4%) 0.93 399
2021-11-01 $359,719 (26.2%) $542,062 (39.2%) 0.96 357
2021-12-01 $361,519 (22.6%) $541,818 (33.7%) 0.98 349
2022-01-01 $364,500 (25.7%) $549,555 (40.3%) 0.99 308
2022-02-01 $368,800 (23.1%) $555,600 (37.4%) 0.96 273
2022-03-01 $357,500 (19.7%) $548,464 (29.2%) 0.90 264
2022-04-01 $364,990 (16.8%) $576,841 (27.2%) 0.87 298
2022-05-01 $382,498 (11.7%) $567,745 (20.2%) 0.87 391
2022-06-01 $397,225 (8.8%) $571,865 (9.4%) 0.88 469
2022-07-01 $395,000 (9.7%) $544,601 (5.9%) 0.89 549
2022-08-01 $389,638 (9.2%) $554,014 (13.4%) 0.90 589
2022-09-01 $393,500 (12.4%) $539,050 (8.3%) 0.92 636
2022-10-01 $399,900 (14.3%) $540,632 (7.2%) 0.94 683
2022-11-01 $399,675 (11.1%) $523,322 (-3.5%) 0.96 713
2022-12-01 $405,000 (12.0%) $533,201 (-1.6%) 1.00 701
2023-01-01 $400,000 (9.7%) $538,412 (-2.0%) 0.99 680
2023-02-01 $409,443 (11.0%) $542,713 (-2.3%) 0.99 672
2023-03-01 $410,820 (14.9%) $554,063 (1.0%) 0.97 672
2023-04-01 $399,700 (9.5%) $538,296 (-6.7%) 0.93 681
2023-05-01 $399,450 (4.4%) $534,790 (-5.8%) 0.91 699
2023-06-01 $400,000 (0.7%) $519,942 (-9.1%) 0.90 767
2023-07-01 $392,000 (-0.8%) $508,296 (-6.7%) 0.89 811
2023-08-01 $385,000 (-1.2%) $512,396 (-7.5%) 0.88 861
2023-09-01 $385,940 (-1.9%) $525,551 (-2.5%) 0.90 877
2023-10-01 $381,950 (-4.5%) $512,004 (-5.3%) 0.90 937
2023-11-01 $375,000 (-6.2%) $507,193 (-3.1%) 0.89 964
2023-12-01 $375,000 (-7.4%) $503,657 (-5.5%) 0.91 942
2024-01-01 $375,000 (-6.3%) $493,207 (-8.4%) 0.92 883
2024-02-01 $382,628 (-6.6%) $493,989 (-9.0%) 0.92 879
2024-03-01 $391,650 (-4.7%) $491,179 (-11.4%) 0.92 914
2024-04-01 $395,000 (-1.2%) $489,377 (-9.1%) 0.92 891
Tyler's median listing price for 2024-04-01 was $395,000, a difference of $-4,700 (-1.2%) versus the prior year and $3,350 versus the prior month.

Tyler's median listing price comes in at 92% of the national average.

Tyler's average listing price for 2024-04-01 was $489,377, a difference of $-48,919 (-9.1%) versus the prior year and $-1,802 versus the prior month.

For the 2024-04-01 period, Tyler had 891 MLS listings, a difference of -23 listings (-3%) versus the prior month and 210 listings (31%) 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 86 days 2,310 sqft
2018-02-01 77 days 2,279 sqft
2018-03-01 66 days 2,304 sqft
2018-04-01 63 days 2,324 sqft
2018-05-01 59 days 2,337 sqft
2018-06-01 57 days 2,306 sqft
2018-07-01 60 days 2,285 sqft
2018-08-01 65 days 2,270 sqft
2018-09-01 72 days 2,278 sqft
2018-10-01 66 days 2,276 sqft
2018-11-01 67 days 2,267 sqft
2018-12-01 77 days 2,272 sqft
2019-01-01 86 days 2,276 sqft
2019-02-01 83 days 2,232 sqft
2019-03-01 69 days 2,274 sqft
2019-04-01 54 days 2,344 sqft
2019-05-01 49 days 2,435 sqft
2019-06-01 52 days 2,434 sqft
2019-07-01 53 days 2,429 sqft
2019-08-01 57 days 2,414 sqft
2019-09-01 59 days 2,394 sqft
2019-10-01 60 days 2,366 sqft
2019-11-01 67 days 2,301 sqft
2019-12-01 71 days 2,211 sqft
2020-01-01 76 days 2,155 sqft
2020-02-01 64 days 2,150 sqft
2020-03-01 53 days 2,177 sqft
2020-04-01 57 days 2,182 sqft
2020-05-01 59 days 2,208 sqft
2020-06-01 51 days 2,259 sqft
2020-07-01 51 days 2,230 sqft
2020-08-01 52 days 2,234 sqft
2020-09-01 53 days 2,249 sqft
2020-10-01 51 days 2,199 sqft
2020-11-01 51 days 2,204 sqft
2020-12-01 64 days 2,251 sqft
2021-01-01 67 days 2,177 sqft
2021-02-01 44 days 2,149 sqft
2021-03-01 49 days 2,147 sqft
2021-04-01 33 days 2,186 sqft
2021-05-01 36 days 2,202 sqft
2021-06-01 38 days 2,258 sqft
2021-07-01 38 days 2,201 sqft
2021-08-01 38 days 2,191 sqft
2021-09-01 41 days 2,185 sqft
2021-10-01 50 days 2,130 sqft
2021-11-01 56 days 2,133 sqft
2021-12-01 55 days 2,108 sqft
2022-01-01 55 days 2,029 sqft
2022-02-01 46 days 2,061 sqft
2022-03-01 38 days 2,001 sqft
2022-04-01 30 days 2,001 sqft
2022-05-01 30 days 2,048 sqft
2022-06-01 33 days 2,106 sqft
2022-07-01 36 days 2,075 sqft
2022-08-01 39 days 2,052 sqft
2022-09-01 43 days 2,093 sqft
2022-10-01 49 days 2,146 sqft
2022-11-01 54 days 2,145 sqft
2022-12-01 70 days 2,175 sqft
2023-01-01 73 days 2,132 sqft
2023-02-01 69 days 2,155 sqft
2023-03-01 58 days 2,180 sqft
2023-04-01 50 days 2,121 sqft
2023-05-01 48 days 2,185 sqft
2023-06-01 44 days 2,142 sqft
2023-07-01 45 days 2,099 sqft
2023-08-01 50 days 2,097 sqft
2023-09-01 54 days 2,102 sqft
2023-10-01 56 days 2,090 sqft
2023-11-01 60 days 2,082 sqft
2023-12-01 70 days 2,075 sqft
2024-01-01 73 days 2,081 sqft
2024-02-01 68 days 2,090 sqft
2024-03-01 50 days 2,095 sqft
2024-04-01 51 days 2,109 sqft
Tyler's median listing age (time on market) for 2024-04-01 was 51 days. This is 2% longer than the same period one year ago.

Tyler's median square footage for active listings during the 2024-04-01 period was 2,109 sqft. One year prior, the average listing was 2,121 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.