Tyler VA Loans

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 99 lenders originated 597 VA loans during 2021. The total origination value was $159,955,000, with an average VA loan value of $267,931.

Tyler VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tyler averaged 6.8% for the week of 2022-09-30, compared to the national average (all VA variants) of 6.363% for the same period.

The average rate for the prior week (2022-09-23) was 6.46% and one month ago for the week of 2022-08-26, the average rate was 5.73%.

The average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-09-30, the average rate was 6.52%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 55 2.89% $6,456
FREEDOM MORTGAGE CORPORATION 50 2.38% $3,496
QUICKEN LOANS, LLC 34 2.47% $4,450
UNITED WHOLESALE MORTGAGE, LLC 24 2.60% $3,368
USAA Federal Savings Bank 21 2.79% $7,180
CALIBER HOME LOANS, INC. 19 2.54% $5,819
CMG MORTGAGE, INC. 19 2.71% $7,338
VILLAGE CAPITAL MORTGAGE 16 2.41% $3,108
PENNYMAC LOAN SERVICES, LLC 15 2.48% $5,585
CLEARPATH LENDING 15 2.22% $5,525
NAVY FEDERAL CREDIT UNION 14 2.57% $4,356
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 2.58% $4,741
Gateway First Bank 13 2.97% $7,674
MORTGAGE FINANCIAL SERVICES, LLC 12 2.64% $9,715
ACADEMY MORTGAGE CORPORATION 12 3.03% $6,794
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 12 3.17% $13,825
Mr. Cooper ( Nationstar Mortgage ) 11 2.76% $3,103
FINANCE OF AMERICA MORTGAGE LLC 10 3.39% $8,881
NEW DAY FINANCIAL, LLC 10 2.47% $5,900
GUARANTEED RATE, INC. 7 3.05% $4,690
NEWREZ LLC 6 2.65% $2,458
AMCAP MORTGAGE, LTD. 6 3.02% $9,724
GUILD MORTGAGE COMPANY 5 3.45% $8,465
LAKEVIEW LOAN SERVICING, LLC 5 2.40% $2,925
AMERICAN FINANCIAL NETWORK, INC. 5 2.60% $9,202
LEADERONE FINANCIAL CORPORATION 4 2.69% $3,754
GUARANTEED RATE AFFINITY, LLC 4 2.72% $5,634
PLANET HOME LENDING, LLC 4 2.63% $3,814
PLAZA HOME MORTGAGE, INC. 4 3.56% $6,717
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 3.09% $3,190
HOME POINT FINANCIAL CORPORATION 4 2.41% $3,707
Barrington Bank & Trust Company, N.A. 4 2.52% $3,267
Low VA Rates, LLC 4 2.25% $2,511
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.00% $5,046
The Federal Savings Bank 3 2.96% $2,756
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.96% $5,781
CROSSCOUNTRY MORTGAGE, LLC 3 3.08% $11,665
Wells Fargo Bank 3 2.38% $4,008
PENTAGON FEDERAL CREDIT UNION 3 2.29% $2,607
CERTAINTY HOME LOANS, LLC 3 3.12% $4,817
UNION HOME MORTGAGE CORP. 3 3.00% $9,273
SOUTHWEST FUNDING, LP 3 3.50% $12,206
LOANDEPOT.COM, LLC 2 2.31% $3,555
LOANPAL, LLC 2 2.50% $1,468
MID AMERICA MORTGAGE, INC. 2 3.19% $4,776
SFMC, LP 2 3.13% $6,532
InterContinental Capital Group, Inc 2 2.81% $2,818
Hometown Lenders, Inc. 2 2.69% $4,281
SUN WEST MORTGAGE COMPANY, INC. 2 2.25% $2,518
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.62% $3,153
HOMESIDE FINANCIAL, LLC 2 3.00% $3,205
INTERLINC MORTGAGE SERVICES, LLC 2 3.12% $10,057
AMERICAN FINANCING CORPORATION 2 2.25% $3,514
FLAT BRANCH MORTGAGE, INC. 2 3.69% $7,649
AMERISAVE MORTGAGE CORPORATION 2 2.25% $10,546
Wyndham Capital Mortgage, Inc. 1 2.88% $1,000
ALTRA 1 3.00% $9,340
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.75% $7,802
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.75% $12,595
AmeriHome Mortgage Company, LLC 1 3.13% $2,221
BAY EQUITY LLC 1 2.88% $4,851
BECKAM FUNDING CORP. 1 2.88% $2,426
BOKF 1 2.63% $19,726
BROKER SOLUTIONS, INC. 1 2.25% $5,587
Carrington Mortgage Services, LLC 1 2.25% $2,377
Citizens National Bank of Greater St. Louis 1 2.25% $2,740
City Bank 1 2.75% $12,718
Community First National Bank 1 2.75% $2,410
COUNTRYPLACE MORTGAGE, LTD. 1 3.00% $16,585
First Bank 1 3.25% $38,261
First Guaranty Mortgage Corporation 1 2.25% $4,989
First Home Bank 1 2.25% $3,601
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.25% $16,764
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 2.88% $12,526
KS StateBank 1 2.38% $3,784
LENDUS, LLC 1 2.38% $2,835
LOANPEOPLE, LLC 1 2.88% $10,983
Magnolia Bank 1 2.25% $3,517
Manufacturers and Traders Trust Company 1 2.75% $2,810
MICHIGAN MUTUAL, INC. 1 2.63% $1,554
Midwest Mortgage Associates Corporation 1 2.25% $5,968
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $14,130
MOVEMENT MORTGAGE, LLC 1 2.50% $6,293
NATIONS DIRECT MORTGAGE, LLC 1 3.75% $7,822
Nations Lending Corporation 1 2.25% $3,107
NATIONS RELIABLE LENDING, LLC 1 3.75% $10,606
NBKC BANK 1 2.25% $1,881
NP, Inc. 1 2.38% $5,897
NTFN, INC. 1 2.50% $4,732
OCEANSIDE MORTGAGE COMPANY 1 2.75% $1,243
Paramount Residential Mortgage Group, Inc. 1 2.75% $2,038
PREMIA MORTGAGE, LLC 1 2.25% $2,820
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $3,988
RB MORTGAGE LLC 1 3.00% $3,539
Regions Bank 1 2.75% $5,380
Republic State Mortgage Co. 1 2.25% $2,753
STEARNS LENDING, LLC 1 2.75% $1,067
Stride Bank 1 3.50% $8,355
The Home Loan Expert LLC 1 2.63% $10,377

The top Tyler VA lender as defined by loan originations is Mortgage Research Center, LLC, with 55 VA loans originated. Their average total fees are $6,456, which is $2,960 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Tyler VA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) ($3,103), VILLAGE CAPITAL MORTGAGE ($3,108), UNITED WHOLESALE MORTGAGE, LLC ($3,368), FREEDOM MORTGAGE CORPORATION ($3,496) and NAVY FEDERAL CREDIT UNION ($4,356).

The lowest rate Tyler VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.22%), FREEDOM MORTGAGE CORPORATION (2.38%), VILLAGE CAPITAL MORTGAGE (2.41%), QUICKEN LOANS, LLC (2.47%) and NEW DAY FINANCIAL, LLC (2.47%).


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 $278,250 (10.2%) $402,315 (20.2%) 1.02 1,121
2018-02-01 $276,750 (8.5%) $393,565 (18.6%) 1.00 1,154
2018-03-01 $289,500 (10.5%) $399,789 (17.2%) 1.00 1,176
2018-04-01 $294,750 (5.3%) $408,403 (13.1%) 0.99 1,184
2018-05-01 $296,450 (5.5%) $412,865 (13.1%) 0.99 1,221
2018-06-01 $287,900 (1.2%) $386,590 (-0.9%) 0.96 1,269
2018-07-01 $287,200 (2.6%) $380,891 (-2.2%) 0.96 1,262
2018-08-01 $279,450 (-1.8%) $369,649 (-5.2%) 0.93 1,260
2018-09-01 $282,000 (-2.4%) $364,527 (-9.4%) 0.94 1,188
2018-10-01 $281,450 (-2.9%) $365,228 (-9.9%) 0.94 1,183
2018-11-01 $279,950 (-1.8%) $366,108 (-8.2%) 0.94 1,141
2018-12-01 $285,000 (2.2%) $370,167 (-6.6%) 0.98 1,051
2019-01-01 $292,000 (4.9%) $374,612 (-6.9%) 1.01 983
2019-02-01 $285,000 (3.0%) $384,041 (-2.4%) 0.95 1,005
2019-03-01 $291,386 (0.7%) $391,127 (-2.2%) 0.95 977
2019-04-01 $302,450 (2.6%) $396,645 (-2.9%) 0.95 1,014
2019-05-01 $322,450 (8.8%) $414,843 (0.5%) 0.99 1,019
2019-06-01 $314,900 (9.4%) $412,449 (6.7%) 0.97 1,029
2019-07-01 $307,498 (7.1%) $406,442 (6.7%) 0.96 1,012
2019-08-01 $295,567 (5.8%) $394,022 (6.6%) 0.93 979
2019-09-01 $289,845 (2.8%) $384,189 (5.4%) 0.92 957
2019-10-01 $295,450 (5.0%) $396,801 (8.6%) 0.94 968
2019-11-01 $285,664 (2.0%) $391,199 (6.9%) 0.92 967
2019-12-01 $277,700 (-2.6%) $375,546 (1.5%) 0.93 928
2020-01-01 $279,450 (-4.3%) $377,710 (0.8%) 0.93 885
2020-02-01 $285,000 (0.0%) $386,681 (0.7%) 0.92 855
2020-03-01 $288,450 (-1.0%) $392,893 (0.5%) 0.90 871
2020-04-01 $289,450 (-4.3%) $388,017 (-2.2%) 0.90 884
2020-05-01 $299,900 (-7.0%) $408,640 (-1.5%) 0.91 905
2020-06-01 $310,000 (-1.6%) $417,180 (1.2%) 0.91 922
2020-07-01 $313,500 (2.0%) $419,886 (3.3%) 0.90 854
2020-08-01 $309,000 (4.5%) $420,099 (6.6%) 0.88 831
2020-09-01 $317,450 (9.5%) $423,328 (10.2%) 0.91 784
2020-10-01 $299,500 (1.4%) $420,948 (6.1%) 0.86 685
2020-11-01 $295,000 (3.3%) $406,228 (3.8%) 0.84 641
2020-12-01 $314,500 (13.3%) $425,104 (13.2%) 0.92 599
2021-01-01 $310,000 (10.9%) $413,961 (9.6%) 0.91 532
2021-02-01 $317,500 (11.4%) $431,583 (11.6%) 0.91 436
2021-03-01 $317,500 (10.1%) $444,320 (13.1%) 0.89 386
2021-04-01 $339,000 (17.1%) $479,702 (23.6%) 0.91 379
2021-05-01 $366,000 (22.0%) $497,298 (21.7%) 0.96 394
2021-06-01 $367,500 (18.6%) $542,774 (30.1%) 0.95 427
2021-07-01 $369,450 (17.9%) $539,122 (28.4%) 0.96 474
2021-08-01 $364,000 (17.8%) $518,686 (23.5%) 0.96 552
2021-09-01 $367,344 (15.7%) $521,652 (23.2%) 0.97 541
2021-10-01 $369,900 (23.5%) $529,145 (25.7%) 0.97 507
2021-11-01 $370,000 (25.4%) $554,922 (36.6%) 0.98 424
2021-12-01 $376,500 (19.7%) $575,008 (35.3%) 1.00 413
2022-01-01 $375,000 (21.0%) $564,788 (36.4%) 1.00 362
2022-02-01 $374,950 (18.1%) $576,594 (33.6%) 0.96 330
2022-03-01 $369,000 (16.2%) $572,912 (28.9%) 0.91 318
2022-04-01 $369,000 (8.9%) $631,012 (31.5%) 0.87 361
2022-05-01 $386,750 (5.7%) $613,102 (23.3%) 0.87 485
2022-06-01 $397,000 (8.0%) $604,385 (11.4%) 0.88 583
2022-07-01 $398,000 (7.7%) $588,622 (9.2%) 0.89 703
2022-08-01 $392,750 (7.9%) $595,410 (14.8%) 0.90 742
Tyler's median listing price for 2022-08-01 was $392,750, a difference of $28,750 (7.9%) versus the prior year and $-5,250 versus the prior month.

Tyler's median listing price comes in at 90% of the national average.

Tyler's average listing price for 2022-08-01 was $595,410, a difference of $76,724 (14.8%) versus the prior year and $6,788 versus the prior month.

For the 2022-08-01 period, Tyler had 742 MLS listings, a difference of 39 listings (6%) versus the prior month and 190 listings (34%) 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 92 days 2,350 sqft
2018-02-01 84 days 2,328 sqft
2018-03-01 66 days 2,360 sqft
2018-04-01 65 days 2,371 sqft
2018-05-01 61 days 2,385 sqft
2018-06-01 60 days 2,378 sqft
2018-07-01 66 days 2,355 sqft
2018-08-01 66 days 2,328 sqft
2018-09-01 76 days 2,304 sqft
2018-10-01 73 days 2,295 sqft
2018-11-01 72 days 2,280 sqft
2018-12-01 80 days 2,280 sqft
2019-01-01 90 days 2,300 sqft
2019-02-01 84 days 2,283 sqft
2019-03-01 66 days 2,321 sqft
2019-04-01 55 days 2,372 sqft
2019-05-01 50 days 2,465 sqft
2019-06-01 53 days 2,455 sqft
2019-07-01 58 days 2,448 sqft
2019-08-01 62 days 2,422 sqft
2019-09-01 64 days 2,393 sqft
2019-10-01 64 days 2,409 sqft
2019-11-01 66 days 2,338 sqft
2019-12-01 72 days 2,300 sqft
2020-01-01 78 days 2,251 sqft
2020-02-01 67 days 2,257 sqft
2020-03-01 57 days 2,261 sqft
2020-04-01 60 days 2,247 sqft
2020-05-01 58 days 2,278 sqft
2020-06-01 48 days 2,321 sqft
2020-07-01 51 days 2,280 sqft
2020-08-01 52 days 2,257 sqft
2020-09-01 55 days 2,299 sqft
2020-10-01 55 days 2,249 sqft
2020-11-01 55 days 2,247 sqft
2020-12-01 65 days 2,301 sqft
2021-01-01 65 days 2,275 sqft
2021-02-01 50 days 2,313 sqft
2021-03-01 53 days 2,290 sqft
2021-04-01 36 days 2,312 sqft
2021-05-01 37 days 2,280 sqft
2021-06-01 37 days 2,284 sqft
2021-07-01 39 days 2,281 sqft
2021-08-01 36 days 2,259 sqft
2021-09-01 40 days 2,252 sqft
2021-10-01 47 days 2,181 sqft
2021-11-01 51 days 2,174 sqft
2021-12-01 54 days 2,141 sqft
2022-01-01 55 days 2,092 sqft
2022-02-01 47 days 2,071 sqft
2022-03-01 39 days 2,037 sqft
2022-04-01 31 days 2,001 sqft
2022-05-01 30 days 2,066 sqft
2022-06-01 34 days 2,125 sqft
2022-07-01 38 days 2,100 sqft
2022-08-01 39 days 2,091 sqft
Tyler's median listing age (time on market) for 2022-08-01 was 39 days. This is 8% longer than the same period one year ago.

Tyler's median square footage for active listings during the 2022-08-01 period was 2,091 sqft. One year prior, the average listing was 2,259 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.