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%.

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.