Tyler VA Loan Rates, Closing Costs & Stats

TYLER, TX

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.56% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.3% and one month ago for the week of 2024-11-08, the average rate was 6.59%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.23%.

    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
    2024-05-01 $395,000 (-1.1%) $494,843 (-7.5%) 0.89 940
    2024-06-01 $385,000 (-3.8%) $486,901 (-6.4%) 0.87 1,043
    2024-07-01 $379,750 (-3.1%) $485,964 (-4.4%) 0.87 1,120
    2024-08-01 $380,328 (-1.2%) $486,277 (-5.1%) 0.88 1,094
    2024-09-01 $375,000 (-2.8%) $474,362 (-9.7%) 0.88 1,080
    2024-10-01 $379,375 (-0.7%) $471,255 (-8.0%) 0.89 1,101
    2024-11-01 $369,900 (-1.4%) $466,354 (-8.1%) 0.89 1,089
    Tyler's median listing price for 2024-11-01 was $369,900, a difference of $-5,100 (-1.4%) versus the prior year and $-9,475 versus the prior month.

    Tyler's median listing price comes in at 89% of the national average.

    Tyler's average listing price for 2024-11-01 was $466,354, a difference of $-40,839 (-8.1%) versus the prior year and $-4,901 versus the prior month.

    For the 2024-11-01 period, Tyler had 1,089 MLS listings, a difference of -12 listings (-1%) versus the prior month and 125 listings (13%) 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
    2024-05-01 46 days 2,124 sqft
    2024-06-01 50 days 2,090 sqft
    2024-07-01 56 days 2,070 sqft
    2024-08-01 61 days 2,063 sqft
    2024-09-01 63 days 2,032 sqft
    2024-10-01 63 days 2,046 sqft
    2024-11-01 65 days 2,030 sqft
    Tyler's median listing age (time on market) for 2024-11-01 was 65 days. This is 9% longer than the same period one year ago.

    Tyler's median square footage for active listings during the 2024-11-01 period was 2,030 sqft. One year prior, the average listing was 2,082 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.