Victoria VA Loan Rates, Closing Costs & Stats

VICTORIA, 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.

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 5.86% for the week of 2024-10-04, compared to the national average (all VA variants) of 5.596% for the same period.

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

The average rate for the prior week (2024-09-27) was 5.99% and one month ago for the week of 2024-08-30, the average rate was 5.82%.

The average rate one year ago was 7.25%.

For refis of the same type during the week of 2024-10-04, the average rate was 5.8%.

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
Victoria's median listing price for 2024-09-01 was $292,400, a difference of $3,500 (1.2%) versus the prior year and $-2,600 versus the prior month.

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

Victoria's average listing price for 2024-09-01 was $347,736, a difference of $-360 (-0.1%) versus the prior year and $587 versus the prior month.

For the 2024-09-01 period, Victoria had 255 MLS listings, a difference of 0 listings (0%) versus the prior month and 9 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
Victoria's median listing age (time on market) for 2024-09-01 was 0 days.

Victoria's median square footage for active listings during the 2024-09-01 period was 1,879 sqft. One year prior, the average listing was 1,865 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.