Victoria VA Loan Rates, Closing Costs & Stats

VICTORIA, TX

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    • 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.

    Victoria's 26 lenders originated 80 VA loans during 2023. The total origination value was $24,000,000, with an average VA loan value of $300,000.

    Victoria VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Victoria averaged 0.07% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Victoria's average VA mortgage closing costs are $5,716.

    The average rate for the prior week (2024-11-08) was 6.77% and one month ago for the week of 2024-10-11, the average rate was 5.94%.

    The average rate one year ago was 7.43%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Victoria 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 Victoria level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.80% $5,962
    Wallick & Volk, Inc. 16 6.04% $8,494
    NAVY FEDERAL CREDIT UNION 5 5.78% $4,252
    UNITED WHOLESALE MORTGAGE, LLC 4 6.21% $6,165
    Prosperity Bank 4 6.72% $8,492
    PENNYMAC LOAN SERVICES, LLC 3 5.33% $4,833
    USAA Federal Savings Bank 3 6.38% $9,342
    Plains Commerce Bank 2 6.69% $5,972
    CARDINAL FINANCIAL 2 6.75% $13,173
    FREEDOM MORTGAGE CORPORATION 1 7.25% $6,810
    GUARANTEED RATE AFFINITY, LLC 1 5.50% $3,372
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $6,030
    AMCAP MORTGAGE, LTD. 1 4.95% $14,617
    Paramount Residential Mortgage Group, Inc. 1 5.75% $2,535
    PLANET HOME LENDING, LLC 1 6.63% $13,683
    Presidential Bank, FSB 1 5.75% $8,538
    QUICKEN LOANS, LLC 1 5.99% $11,257
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.88% $35,383
    TEXAS DOW EMPLOYEES CREDIT UNION 1 7.38% $6,219
    Bank of America 1 7.75% $3,634
    AMERICAN FINANCING CORPORATION 1 6.75% $7,429
    BARTON CREEK LENDING GROUP, LLC 1 7.25% $6,810
    CMG MORTGAGE, INC. 1 6.25% $10,981
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $9,719
    Equity Prime Mortgage LLC 1 7.75% $25,057
    Flagstar Bank, FSB 1 6.13% $10,422

    The top Victoria VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $5,962, which is $2,532 lower than the next largest lender, Wallick & Volk, Inc..

    The lowest fee Victoria VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,962), Wallick & Volk, Inc. ($8,494), .

    The lowest rate Victoria VA lenders (with over 10 loans originated) are Wallick & Volk, Inc. (6.04%), Mortgage Research Center, LLC (6.80%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Victoria (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 $229,938 (15.4%) $278,157 (22.4%) 0.00 266
    2018-02-01 $222,225 (12.6%) $269,591 (18.2%) 0.00 256
    2018-03-01 $223,750 (12.3%) $269,170 (15.4%) 0.00 256
    2018-04-01 $232,400 (11.6%) $264,464 (10.4%) 0.00 263
    2018-05-01 $224,450 (4.4%) $261,413 (4.2%) 0.00 273
    2018-06-01 $219,893 (0.7%) $257,376 (2.1%) 0.00 274
    2018-07-01 $228,225 (6.5%) $249,303 (-0.3%) 0.00 276
    2018-08-01 $221,600 (4.6%) $245,236 (-1.9%) 0.00 291
    2018-09-01 $221,886 (4.6%) $250,566 (-0.3%) 0.00 283
    2018-10-01 $229,950 (7.7%) $254,382 (-0.7%) 0.00 266
    2018-11-01 $234,900 (2.2%) $255,857 (-8.6%) 0.00 273
    2018-12-01 $239,400 (4.1%) $269,609 (-4.4%) 0.00 255
    2019-01-01 $237,450 (3.3%) $267,231 (-3.9%) 0.00 241
    2019-02-01 $232,175 (4.5%) $267,568 (-0.8%) 0.00 234
    2019-03-01 $240,421 (7.5%) $299,211 (11.2%) 0.00 232
    2019-04-01 $245,024 (5.4%) $304,800 (15.3%) 0.00 232
    2019-05-01 $242,450 (8.0%) $279,800 (7.0%) 0.00 251
    2019-06-01 $244,999 (11.4%) $288,229 (12.0%) 0.00 280
    2019-07-01 $248,686 (9.0%) $291,441 (16.9%) 0.00 284
    2019-08-01 $243,791 (10.0%) $291,343 (18.8%) 0.00 298
    2019-09-01 $234,627 (5.7%) $288,340 (15.1%) 0.00 314
    2019-10-01 $226,844 (-1.4%) $285,186 (12.1%) 0.00 324
    2019-11-01 $225,000 (-4.2%) $291,886 (14.1%) 0.00 302
    2019-12-01 $221,500 (-7.5%) $288,019 (6.8%) 0.00 294
    2020-01-01 $220,450 (-7.2%) $275,551 (3.1%) 0.00 286
    2020-02-01 $224,900 (-3.1%) $286,072 (6.9%) 0.00 278
    2020-03-01 $227,450 (-5.4%) $294,703 (-1.5%) 0.00 262
    2020-04-01 $229,900 (-6.2%) $294,717 (-3.3%) 0.00 258
    2020-05-01 $240,950 (-0.6%) $309,360 (10.6%) 0.00 235
    2020-06-01 $252,475 (3.1%) $320,715 (11.3%) 0.00 231
    2020-07-01 $265,350 (6.7%) $327,423 (12.4%) 0.00 239
    2020-08-01 $271,400 (11.3%) $342,853 (17.7%) 0.00 226
    2020-09-01 $274,550 (17.0%) $351,239 (21.8%) 0.00 219
    2020-10-01 $265,700 (17.1%) $338,371 (18.7%) 0.00 229
    2020-11-01 $268,921 (19.5%) $333,205 (14.2%) 0.00 231
    2020-12-01 $261,200 (17.9%) $330,615 (14.8%) 0.00 225
    2021-01-01 $271,150 (23.0%) $333,358 (21.0%) 0.00 197
    2021-02-01 $271,425 (20.7%) $338,952 (18.5%) 0.00 159
    2021-03-01 $277,400 (22.0%) $342,735 (16.3%) 0.00 142
    2021-04-01 $277,446 (20.7%) $348,413 (18.2%) 0.00 130
    2021-05-01 $284,900 (18.2%) $369,998 (19.6%) 0.00 123
    2021-06-01 $285,000 (12.9%) $343,983 (7.3%) 0.00 131
    2021-07-01 $256,900 (-3.2%) $336,637 (2.8%) 0.00 140
    2021-08-01 $271,675 (0.1%) $329,165 (-4.0%) 0.00 168
    2021-09-01 $269,750 (-1.8%) $338,106 (-3.7%) 0.00 176
    2021-10-01 $279,700 (5.3%) $347,726 (2.8%) 0.00 188
    2021-11-01 $284,575 (5.8%) $345,054 (3.6%) 0.00 186
    2021-12-01 $278,125 (6.5%) $337,505 (2.1%) 0.00 167
    2022-01-01 $269,900 (-0.5%) $334,819 (0.4%) 0.00 160
    2022-02-01 $284,500 (4.8%) $354,022 (4.5%) 0.00 156
    2022-03-01 $302,400 (9.0%) $360,711 (5.3%) 0.00 151
    2022-04-01 $299,900 (8.1%) $370,652 (6.4%) 0.00 130
    2022-05-01 $294,900 (3.5%) $393,407 (6.3%) 0.00 141
    2022-06-01 $299,600 (5.1%) $380,006 (10.5%) 0.00 149
    2022-07-01 $294,750 (14.7%) $376,197 (11.8%) 0.00 184
    2022-08-01 $286,125 (5.3%) $371,350 (12.8%) 0.00 202
    2022-09-01 $276,125 (2.4%) $367,038 (8.6%) 0.00 211
    2022-10-01 $250,000 (-10.6%) $358,241 (3.0%) 0.00 212
    2022-11-01 $249,675 (-12.3%) $345,156 (0.0%) 0.00 210
    2022-12-01 $262,200 (-5.7%) $346,900 (2.8%) 0.00 219
    2023-01-01 $265,225 (-1.7%) $342,640 (2.3%) 0.00 215
    2023-02-01 $278,425 (-2.1%) $348,206 (-1.6%) 0.00 203
    2023-03-01 $284,975 (-5.8%) $359,103 (-0.5%) 0.00 191
    2023-04-01 $329,900 (10.0%) $369,815 (-0.2%) 0.00 165
    2023-05-01 $328,650 (11.4%) $384,785 (-2.2%) 0.00 184
    2023-06-01 $328,325 (9.6%) $379,315 (-0.2%) 0.00 186
    2023-07-01 $319,950 (8.6%) $368,757 (-2.0%) 0.00 199
    2023-08-01 $300,000 (4.9%) $359,807 (-3.1%) 0.00 225
    2023-09-01 $288,900 (4.6%) $348,096 (-5.2%) 0.00 246
    2023-10-01 $276,475 (10.6%) $344,608 (-3.8%) 0.00 271
    2023-11-01 $286,675 (14.8%) $348,855 (1.1%) 0.00 285
    2023-12-01 $275,000 (4.9%) $344,429 (-0.7%) 0.00 265
    2024-01-01 $269,925 (1.8%) $339,197 (-1.0%) 0.00 257
    2024-02-01 $274,949 (-1.3%) $343,894 (-1.2%) 0.00 259
    2024-03-01 $279,400 (-2.0%) $348,518 (-3.0%) 0.00 253
    2024-04-01 $299,000 (-9.4%) $354,666 (-4.1%) 0.00 260
    2024-05-01 $304,950 (-7.2%) $365,113 (-5.1%) 0.00 239
    2024-06-01 $299,785 (-8.7%) $349,739 (-7.8%) 0.00 252
    2024-07-01 $286,225 (-10.5%) $349,141 (-5.3%) 0.00 264
    2024-08-01 $295,000 (-1.7%) $347,149 (-3.5%) 0.00 255
    2024-09-01 $292,400 (1.2%) $347,736 (-0.1%) 0.00 255
    2024-10-01 $289,900 (4.9%) $345,250 (0.2%) 0.00 282
    Victoria's median listing price for 2024-10-01 was $289,900, a difference of $13,425 (4.9%) versus the prior year and $-2,500 versus the prior month.

    Victoria's median listing price comes in at 0% of the national average.

    Victoria's average listing price for 2024-10-01 was $345,250, a difference of $642 (0.2%) versus the prior year and $-2,486 versus the prior month.

    For the 2024-10-01 period, Victoria had 282 MLS listings, a difference of 27 listings (11%) versus the prior month and 11 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Victoria (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,085 sqft
    2018-02-01 0 days 2,031 sqft
    2018-03-01 0 days 2,069 sqft
    2018-04-01 0 days 2,087 sqft
    2018-05-01 0 days 2,025 sqft
    2018-06-01 0 days 2,037 sqft
    2018-07-01 0 days 2,043 sqft
    2018-08-01 0 days 2,030 sqft
    2018-09-01 0 days 2,011 sqft
    2018-10-01 0 days 2,044 sqft
    2018-11-01 0 days 2,034 sqft
    2018-12-01 0 days 2,049 sqft
    2019-01-01 0 days 2,014 sqft
    2019-02-01 0 days 2,020 sqft
    2019-03-01 0 days 2,055 sqft
    2019-04-01 0 days 2,066 sqft
    2019-05-01 0 days 2,093 sqft
    2019-06-01 0 days 2,088 sqft
    2019-07-01 0 days 2,076 sqft
    2019-08-01 0 days 2,037 sqft
    2019-09-01 0 days 1,981 sqft
    2019-10-01 0 days 1,944 sqft
    2019-11-01 0 days 1,946 sqft
    2019-12-01 0 days 1,931 sqft
    2020-01-01 0 days 1,903 sqft
    2020-02-01 0 days 1,906 sqft
    2020-03-01 0 days 1,868 sqft
    2020-04-01 0 days 1,900 sqft
    2020-05-01 0 days 2,007 sqft
    2020-06-01 0 days 2,023 sqft
    2020-07-01 0 days 2,067 sqft
    2020-08-01 0 days 2,102 sqft
    2020-09-01 0 days 2,137 sqft
    2020-10-01 0 days 2,131 sqft
    2020-11-01 0 days 2,057 sqft
    2020-12-01 0 days 2,036 sqft
    2021-01-01 0 days 2,042 sqft
    2021-02-01 0 days 2,031 sqft
    2021-03-01 0 days 2,041 sqft
    2021-04-01 0 days 2,021 sqft
    2021-05-01 0 days 2,020 sqft
    2021-06-01 0 days 2,004 sqft
    2021-07-01 0 days 1,916 sqft
    2021-08-01 0 days 1,924 sqft
    2021-09-01 0 days 1,881 sqft
    2021-10-01 0 days 1,882 sqft
    2021-11-01 0 days 1,871 sqft
    2021-12-01 0 days 1,842 sqft
    2022-01-01 0 days 1,874 sqft
    2022-02-01 0 days 1,899 sqft
    2022-03-01 0 days 1,894 sqft
    2022-04-01 0 days 1,972 sqft
    2022-05-01 0 days 1,960 sqft
    2022-06-01 0 days 1,911 sqft
    2022-07-01 0 days 1,894 sqft
    2022-08-01 0 days 1,871 sqft
    2022-09-01 0 days 1,818 sqft
    2022-10-01 0 days 1,814 sqft
    2022-11-01 0 days 1,792 sqft
    2022-12-01 0 days 1,808 sqft
    2023-01-01 0 days 1,807 sqft
    2023-02-01 0 days 1,816 sqft
    2023-03-01 0 days 1,899 sqft
    2023-04-01 0 days 1,938 sqft
    2023-05-01 0 days 1,997 sqft
    2023-06-01 0 days 1,943 sqft
    2023-07-01 0 days 1,910 sqft
    2023-08-01 0 days 1,915 sqft
    2023-09-01 0 days 1,865 sqft
    2023-10-01 0 days 1,820 sqft
    2023-11-01 0 days 1,884 sqft
    2023-12-01 0 days 1,888 sqft
    2024-01-01 0 days 1,889 sqft
    2024-02-01 0 days 1,899 sqft
    2024-03-01 0 days 1,921 sqft
    2024-04-01 0 days 1,930 sqft
    2024-05-01 0 days 1,938 sqft
    2024-06-01 0 days 1,960 sqft
    2024-07-01 0 days 1,921 sqft
    2024-08-01 0 days 1,893 sqft
    2024-09-01 0 days 1,879 sqft
    2024-10-01 0 days 1,858 sqft
    Victoria's median listing age (time on market) for 2024-10-01 was 0 days.

    Victoria's median square footage for active listings during the 2024-10-01 period was 1,858 sqft. One year prior, the average listing was 1,820 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.