Waco VA Loan Rates, Closing Costs & Stats

WACO, 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.

    Waco's 62 lenders originated 354 VA loans during 2023. The total origination value was $120,260,000, with an average VA loan value of $339,718.

    Waco VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Waco averaged 6.39% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Waco's average VA mortgage closing costs are $5,727.

    The average rate for the prior week (2025-02-07) was 6.43% and one month ago for the week of 2025-01-10, the average rate was 6.86%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.67%.

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

    Waco 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 Waco level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 56 6.77% $7,253
    DHI MORTGAGE COMPANY, LTD. 41 5.25% $5,199
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 6.64% $6,410
    SWBC MORTGAGE CORPORATION 21 6.12% $5,842
    UNITED WHOLESALE MORTGAGE, LLC 18 6.60% $7,602
    NAVY FEDERAL CREDIT UNION 14 5.56% $4,936
    GUARANTEED RATE, INC. 11 6.29% $7,480
    CORNERSTONE HOME LENDING, INC. 10 6.56% $5,371
    First National Bank Texas 10 6.16% $4,850
    QUICKEN LOANS, LLC 9 5.75% $13,962
    USAA Federal Savings Bank 9 6.04% $12,589
    PENNYMAC LOAN SERVICES, LLC 8 5.39% $8,738
    Trinity Oaks Mortgage, LLC 6 5.96% $12,242
    CMG MORTGAGE, INC. 6 6.21% $11,277
    AMCAP MORTGAGE, LTD. 5 6.55% $15,828
    Wallick & Volk, Inc. 5 6.15% $15,499
    PENTAGON FEDERAL CREDIT UNION 5 5.68% $13,402
    FREEDOM MORTGAGE CORPORATION 4 6.09% $8,006
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.38% $11,714
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.00% $20,602
    CROSSCOUNTRY MORTGAGE, LLC 3 7.00% $7,438
    NEWREZ LLC 3 6.54% $6,416
    Flagstar Bank, FSB 3 6.04% $8,207
    BOKF 3 6.29% $10,839
    LOANPEOPLE, LLC 2 5.37% $9,778
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.13% $51
    CARDINAL FINANCIAL 2 7.25% $10,823
    Paramount Residential Mortgage Group, Inc. 2 6.63% $10,961
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.69% $14,926
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 6.25% $7,691
    Barrington Bank & Trust Company, N.A. 2 6.00% $4,767
    SUMMIT FUNDING, INC. 2 6.81% $13,934
    MOVEMENT MORTGAGE, LLC 1 5.50% $5,828
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.75% $1,666
    BancorpSouth 1 7.13% $3,479
    BAY EQUITY LLC 1 7.99% $775
    BROKER SOLUTIONS, INC. 1 6.25% $5,672
    Century Mortgage Company DBA Century Lending Company 1 6.88% $0
    City Bank 1 7.13% $2,566
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.88% $12,316
    Equity Prime Mortgage LLC 1 7.75% $1,325
    Extraco Banks 1 6.75% $4,544
    Fifth Third Bank 1 5.88% $1,202
    FLAT BRANCH MORTGAGE, INC. 1 5.63% $12,292
    Gateway First Bank 1 6.25% $3,919
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $7,981
    GoPrime Mortgage, Inc. 1 6.75% $5,238
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.13% $17,661
    MICHIGAN MUTUAL, INC. 1 6.63% $0
    MLD MORTGAGE INC. 1 6.88% $6,056
    MORTGAGE FINANCIAL SERVICES, LLC 1 7.00% $14,891
    MORTGAGEONE, INC. 1 7.25% $3,245
    1ST SIGNATURE LENDING, LLC 1 7.25% $2,814
    Nations Lending Corporation 1 6.63% $6,189
    Network Funding, L.P. 1 6.63% $8,301
    NexBank 1 7.00% $5,716
    NTFN, INC. 1 5.25% $24,563
    S1L, Inc. 1 6.75% $12,123
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.88% $5,442
    The Federal Savings Bank 1 5.75% $9,644
    THRIVE MORTGAGE, LLC 1 6.50% $6,126
    UNION HOME MORTGAGE CORP. 1 6.38% $6,110

    The top Waco VA lender as defined by loan originations is Mortgage Research Center, LLC, with 56 VA loans originated. Their average total fees are $7,253, which is $2,054 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Waco VA lenders (with over 10 loans originated) are First National Bank Texas ($4,850), NAVY FEDERAL CREDIT UNION ($4,936), DHI MORTGAGE COMPANY, LTD. ($5,199), CORNERSTONE HOME LENDING, INC. ($5,371) and SWBC MORTGAGE CORPORATION ($5,842).

    The lowest rate Waco VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.25%), NAVY FEDERAL CREDIT UNION (5.56%), SWBC MORTGAGE CORPORATION (6.12%), First National Bank Texas (6.16%) and GUARANTEED RATE, INC. (6.29%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Waco (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 $197,650 (13.3%) $256,399 (2.6%) 0.76 721
    2018-02-01 $196,225 (12.2%) $255,548 (2.4%) 0.75 743
    2018-03-01 $200,000 (11.2%) $267,384 (4.2%) 0.74 742
    2018-04-01 $209,900 (13.5%) $281,015 (11.1%) 0.75 743
    2018-05-01 $217,650 (8.9%) $283,160 (6.7%) 0.75 738
    2018-06-01 $215,950 (8.0%) $281,398 (2.2%) 0.76 811
    2018-07-01 $202,200 (1.1%) $272,609 (-1.6%) 0.70 886
    2018-08-01 $199,913 (0.0%) $270,206 (-0.5%) 0.70 908
    2018-09-01 $205,000 (2.8%) $273,802 (3.2%) 0.71 904
    2018-10-01 $199,500 (-0.1%) $273,890 (5.3%) 0.69 935
    2018-11-01 $198,750 (1.2%) $270,679 (6.7%) 0.68 934
    2018-12-01 $199,000 (3.1%) $264,307 (5.0%) 0.69 891
    2019-01-01 $195,000 (-1.3%) $260,542 (1.6%) 0.70 843
    2019-02-01 $199,950 (1.9%) $260,981 (2.1%) 0.73 837
    2019-03-01 $215,243 (7.6%) $271,167 (1.4%) 0.73 813
    2019-04-01 $224,950 (7.2%) $280,705 (-0.1%) 0.73 777
    2019-05-01 $225,000 (3.4%) $283,890 (0.3%) 0.73 781
    2019-06-01 $225,000 (4.2%) $281,453 (0.0%) 0.72 812
    2019-07-01 $229,350 (13.4%) $289,775 (6.3%) 0.73 865
    2019-08-01 $227,909 (14.0%) $288,799 (6.9%) 0.73 857
    2019-09-01 $226,273 (10.4%) $283,306 (3.5%) 0.73 837
    2019-10-01 $223,750 (12.2%) $278,526 (1.7%) 0.72 828
    2019-11-01 $225,000 (13.2%) $277,709 (2.6%) 0.74 789
    2019-12-01 $222,223 (11.7%) $276,880 (4.8%) 0.75 756
    2020-01-01 $219,950 (12.8%) $267,049 (2.5%) 0.74 725
    2020-02-01 $220,000 (10.0%) $271,029 (3.9%) 0.74 746
    2020-03-01 $225,000 (4.5%) $279,922 (3.2%) 0.72 747
    2020-04-01 $228,625 (1.6%) $283,333 (0.9%) 0.73 764
    2020-05-01 $245,000 (8.9%) $305,493 (7.6%) 0.77 733
    2020-06-01 $247,575 (10.0%) $322,423 (14.6%) 0.76 648
    2020-07-01 $247,200 (7.8%) $326,596 (12.7%) 0.73 620
    2020-08-01 $245,900 (7.9%) $327,442 (13.4%) 0.72 578
    2020-09-01 $242,425 (7.1%) $321,032 (13.3%) 0.71 544
    2020-10-01 $239,900 (7.2%) $315,619 (13.3%) 0.72 504
    2020-11-01 $238,250 (5.9%) $314,904 (13.4%) 0.71 482
    2020-12-01 $234,475 (5.5%) $316,015 (14.1%) 0.73 438
    2021-01-01 $230,000 (4.6%) $327,653 (22.7%) 0.71 343
    2021-02-01 $235,000 (6.8%) $341,966 (26.2%) 0.69 277
    2021-03-01 $249,900 (11.1%) $372,067 (32.9%) 0.71 241
    2021-04-01 $253,175 (10.7%) $391,199 (38.1%) 0.69 225
    2021-05-01 $278,350 (13.6%) $419,407 (37.3%) 0.73 220
    2021-06-01 $279,675 (13.0%) $405,382 (25.7%) 0.73 281
    2021-07-01 $269,450 (9.0%) $390,645 (19.6%) 0.70 362
    2021-08-01 $274,250 (11.5%) $391,472 (19.6%) 0.73 426
    2021-09-01 $274,000 (13.0%) $397,898 (23.9%) 0.73 425
    2021-10-01 $275,000 (14.6%) $417,835 (32.4%) 0.73 385
    2021-11-01 $288,675 (21.2%) $423,702 (34.6%) 0.78 386
    2021-12-01 $294,450 (25.6%) $453,327 (43.5%) 0.81 370
    2022-01-01 $265,000 (15.2%) $445,994 (36.1%) 0.73 320
    2022-02-01 $273,750 (16.5%) $460,647 (34.7%) 0.72 272
    2022-03-01 $302,450 (21.0%) $480,343 (29.1%) 0.76 270
    2022-04-01 $299,000 (18.1%) $464,167 (18.7%) 0.72 310
    2022-05-01 $315,000 (13.2%) $498,232 (18.8%) 0.74 359
    2022-06-01 $334,750 (19.7%) $500,956 (23.6%) 0.78 431
    2022-07-01 $350,000 (29.9%) $487,661 (24.8%) 0.79 557
    2022-08-01 $349,250 (27.4%) $455,333 (16.3%) 0.81 665
    2022-09-01 $334,575 (22.1%) $427,306 (7.4%) 0.79 695
    2022-10-01 $325,000 (18.2%) $419,043 (0.3%) 0.76 755
    2022-11-01 $318,100 (10.2%) $440,091 (3.9%) 0.77 778
    2022-12-01 $319,900 (8.6%) $432,460 (-4.6%) 0.79 768
    2023-01-01 $319,700 (20.6%) $428,752 (-3.9%) 0.79 732
    2023-02-01 $299,950 (9.6%) $412,320 (-10.5%) 0.75 773
    2023-03-01 $309,900 (2.5%) $422,275 (-12.1%) 0.73 803
    2023-04-01 $324,900 (8.7%) $435,334 (-6.2%) 0.76 812
    2023-05-01 $339,225 (7.7%) $454,133 (-8.9%) 0.78 824
    2023-06-01 $349,800 (4.5%) $459,223 (-8.3%) 0.79 861
    2023-07-01 $349,000 (-0.3%) $456,157 (-6.5%) 0.79 947
    2023-08-01 $349,700 (0.1%) $447,778 (-1.7%) 0.80 977
    2023-09-01 $349,900 (4.6%) $448,908 (5.1%) 0.81 974
    2023-10-01 $335,400 (3.2%) $434,093 (3.6%) 0.79 1,020
    2023-11-01 $329,900 (3.7%) $437,485 (-0.6%) 0.80 1,026
    2023-12-01 $325,000 (1.6%) $432,886 (0.1%) 0.79 1,014
    2024-01-01 $329,500 (3.1%) $433,129 (1.0%) 0.81 957
    2024-02-01 $339,675 (13.2%) $449,878 (9.1%) 0.83 934
    2024-03-01 $339,900 (9.7%) $446,562 (5.8%) 0.81 988
    2024-04-01 $342,500 (5.4%) $452,073 (3.9%) 0.81 1,042
    2024-05-01 $341,575 (0.7%) $452,451 (-0.4%) 0.78 1,083
    2024-06-01 $335,000 (-4.2%) $451,716 (-1.6%) 0.76 1,151
    2024-07-01 $337,125 (-3.4%) $443,155 (-2.9%) 0.78 1,199
    2024-08-01 $329,500 (-5.8%) $436,709 (-2.5%) 0.78 1,202
    2024-09-01 $326,975 (-6.6%) $434,752 (-3.2%) 0.78 1,217
    2024-10-01 $325,000 (-3.1%) $434,848 (0.2%) 0.78 1,200
    2024-11-01 $324,000 (-1.8%) $422,410 (-3.5%) 0.78 1,237
    2024-12-01 $320,000 (-1.5%) $416,309 (-3.8%) 0.80 1,172
    2025-01-01 $319,000 (-3.2%) $411,067 (-5.1%) 0.00 1,105
    Waco's median listing price for 2025-01-01 was $319,000, a difference of $-10,500 (-3.2%) versus the prior year and $-1,000 versus the prior month.

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

    Waco's average listing price for 2025-01-01 was $411,067, a difference of $-22,062 (-5.1%) versus the prior year and $-5,242 versus the prior month.

    For the 2025-01-01 period, Waco had 1,105 MLS listings, a difference of -67 listings (-6%) versus the prior month and 148 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Waco (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 77 days 1,926 sqft
    2018-02-01 73 days 1,906 sqft
    2018-03-01 59 days 1,934 sqft
    2018-04-01 57 days 2,007 sqft
    2018-05-01 52 days 2,033 sqft
    2018-06-01 46 days 1,988 sqft
    2018-07-01 44 days 1,954 sqft
    2018-08-01 50 days 1,978 sqft
    2018-09-01 60 days 1,989 sqft
    2018-10-01 65 days 1,942 sqft
    2018-11-01 71 days 1,973 sqft
    2018-12-01 78 days 1,959 sqft
    2019-01-01 83 days 1,965 sqft
    2019-02-01 77 days 1,979 sqft
    2019-03-01 65 days 1,999 sqft
    2019-04-01 55 days 2,009 sqft
    2019-05-01 52 days 2,017 sqft
    2019-06-01 46 days 2,004 sqft
    2019-07-01 45 days 2,028 sqft
    2019-08-01 50 days 2,025 sqft
    2019-09-01 57 days 2,000 sqft
    2019-10-01 61 days 1,971 sqft
    2019-11-01 66 days 1,973 sqft
    2019-12-01 75 days 1,954 sqft
    2020-01-01 76 days 1,934 sqft
    2020-02-01 59 days 1,919 sqft
    2020-03-01 55 days 1,971 sqft
    2020-04-01 57 days 1,970 sqft
    2020-05-01 54 days 2,025 sqft
    2020-06-01 53 days 2,057 sqft
    2020-07-01 54 days 2,064 sqft
    2020-08-01 51 days 2,045 sqft
    2020-09-01 50 days 2,018 sqft
    2020-10-01 57 days 2,024 sqft
    2020-11-01 52 days 1,975 sqft
    2020-12-01 53 days 1,953 sqft
    2021-01-01 64 days 1,972 sqft
    2021-02-01 46 days 1,860 sqft
    2021-03-01 40 days 1,877 sqft
    2021-04-01 30 days 1,866 sqft
    2021-05-01 23 days 1,932 sqft
    2021-06-01 16 days 1,924 sqft
    2021-07-01 21 days 1,858 sqft
    2021-08-01 24 days 1,897 sqft
    2021-09-01 31 days 1,878 sqft
    2021-10-01 43 days 1,936 sqft
    2021-11-01 42 days 1,961 sqft
    2021-12-01 41 days 1,914 sqft
    2022-01-01 47 days 1,788 sqft
    2022-02-01 42 days 1,856 sqft
    2022-03-01 32 days 1,900 sqft
    2022-04-01 24 days 1,788 sqft
    2022-05-01 22 days 1,814 sqft
    2022-06-01 23 days 1,890 sqft
    2022-07-01 29 days 1,954 sqft
    2022-08-01 36 days 1,939 sqft
    2022-09-01 40 days 1,885 sqft
    2022-10-01 46 days 1,815 sqft
    2022-11-01 52 days 1,799 sqft
    2022-12-01 62 days 1,833 sqft
    2023-01-01 68 days 1,821 sqft
    2023-02-01 62 days 1,748 sqft
    2023-03-01 51 days 1,775 sqft
    2023-04-01 53 days 1,812 sqft
    2023-05-01 61 days 1,911 sqft
    2023-06-01 62 days 1,964 sqft
    2023-07-01 53 days 1,957 sqft
    2023-08-01 56 days 1,958 sqft
    2023-09-01 64 days 1,956 sqft
    2023-10-01 69 days 1,924 sqft
    2023-11-01 68 days 1,895 sqft
    2023-12-01 72 days 1,864 sqft
    2024-01-01 81 days 1,838 sqft
    2024-02-01 83 days 1,879 sqft
    2024-03-01 66 days 1,878 sqft
    2024-04-01 56 days 1,904 sqft
    2024-05-01 54 days 1,911 sqft
    2024-06-01 58 days 1,885 sqft
    2024-07-01 65 days 1,899 sqft
    2024-08-01 73 days 1,891 sqft
    2024-09-01 72 days 1,886 sqft
    2024-10-01 75 days 1,896 sqft
    2024-11-01 77 days 1,870 sqft
    2024-12-01 86 days 1,855 sqft
    2025-01-01 0 days 1,848 sqft
    Waco's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Waco's median square footage for active listings during the 2025-01-01 period was 1,848 sqft. One year prior, the average listing was 1,838 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.