Waco VA Loan Rates, Closing Costs & Stats
WACO, 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.
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
6.51%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Waco's average VA mortgage closing costs are $5,727.
The average rate for the prior week (2024-11-29) was
6.2% and
one month ago for the week of 2024-11-01, the
average rate was 6.46%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.29%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $205,475 (14.2%) | $261,888 (1.4%) | 0.76 | 640 |
2018-02-01 | $206,450 (15.1%) | $263,018 (1.4%) | 0.75 | 655 |
2018-03-01 | $212,250 (9.1%) | $274,832 (3.4%) | 0.74 | 651 |
2018-04-01 | $220,945 (13.3%) | $288,865 (12.0%) | 0.75 | 654 |
2018-05-01 | $223,495 (6.9%) | $290,318 (7.3%) | 0.75 | 658 |
2018-06-01 | $226,839 (8.1%) | $288,820 (3.5%) | 0.76 | 723 |
2018-07-01 | $209,900 (-0.1%) | $277,612 (-2.2%) | 0.70 | 800 |
2018-08-01 | $207,563 (-1.1%) | $275,907 (0.1%) | 0.70 | 817 |
2018-09-01 | $212,500 (2.6%) | $280,769 (4.1%) | 0.71 | 811 |
2018-10-01 | $202,500 (-1.4%) | $279,238 (6.0%) | 0.69 | 842 |
2018-11-01 | $200,000 (0.0%) | $277,776 (8.8%) | 0.68 | 832 |
2018-12-01 | $200,000 (0.1%) | $274,080 (7.2%) | 0.69 | 789 |
2019-01-01 | $202,500 (-1.5%) | $269,268 (2.8%) | 0.70 | 747 |
2019-02-01 | $214,885 (4.1%) | $269,531 (2.5%) | 0.73 | 746 |
2019-03-01 | $223,043 (5.1%) | $277,801 (1.1%) | 0.73 | 725 |
2019-04-01 | $230,950 (4.5%) | $286,014 (-1.0%) | 0.73 | 691 |
2019-05-01 | $232,750 (4.1%) | $289,214 (-0.4%) | 0.73 | 693 |
2019-06-01 | $229,900 (1.4%) | $286,919 (-0.7%) | 0.72 | 723 |
2019-07-01 | $233,625 (11.3%) | $292,295 (5.3%) | 0.73 | 784 |
2019-08-01 | $230,245 (10.9%) | $287,954 (4.4%) | 0.73 | 779 |
2019-09-01 | $227,239 (6.9%) | $279,828 (-0.3%) | 0.73 | 757 |
2019-10-01 | $222,450 (9.9%) | $273,749 (-2.0%) | 0.72 | 748 |
2019-11-01 | $225,000 (12.5%) | $277,674 (0.0%) | 0.74 | 717 |
2019-12-01 | $223,995 (12.0%) | $275,431 (0.5%) | 0.75 | 686 |
2020-01-01 | $220,000 (8.6%) | $266,037 (-1.2%) | 0.74 | 651 |
2020-02-01 | $224,900 (4.7%) | $269,905 (0.1%) | 0.74 | 678 |
2020-03-01 | $229,225 (2.8%) | $271,285 (-2.4%) | 0.72 | 667 |
2020-04-01 | $233,675 (1.2%) | $274,852 (-3.9%) | 0.73 | 685 |
2020-05-01 | $254,450 (9.3%) | $299,900 (3.7%) | 0.77 | 657 |
2020-06-01 | $258,650 (12.5%) | $316,781 (10.4%) | 0.76 | 577 |
2020-07-01 | $253,500 (8.5%) | $319,338 (9.3%) | 0.73 | 548 |
2020-08-01 | $250,000 (8.6%) | $316,573 (9.9%) | 0.72 | 516 |
2020-09-01 | $247,950 (9.1%) | $314,958 (12.6%) | 0.71 | 489 |
2020-10-01 | $249,900 (12.3%) | $319,813 (16.8%) | 0.72 | 453 |
2020-11-01 | $243,700 (8.3%) | $316,720 (14.1%) | 0.71 | 434 |
2020-12-01 | $244,950 (9.4%) | $320,673 (16.4%) | 0.73 | 393 |
2021-01-01 | $239,500 (8.9%) | $332,308 (24.9%) | 0.71 | 304 |
2021-02-01 | $236,250 (5.1%) | $341,648 (26.6%) | 0.69 | 245 |
2021-03-01 | $249,900 (9.0%) | $343,679 (26.7%) | 0.71 | 216 |
2021-04-01 | $254,450 (8.9%) | $365,408 (33.0%) | 0.69 | 202 |
2021-05-01 | $275,000 (8.1%) | $388,538 (29.6%) | 0.73 | 197 |
2021-06-01 | $276,500 (6.9%) | $383,403 (21.0%) | 0.73 | 251 |
2021-07-01 | $264,900 (4.5%) | $368,560 (15.4%) | 0.70 | 322 |
2021-08-01 | $273,450 (9.4%) | $371,536 (17.4%) | 0.73 | 378 |
2021-09-01 | $274,456 (10.7%) | $377,290 (19.8%) | 0.73 | 382 |
2021-10-01 | $274,000 (9.6%) | $400,965 (25.4%) | 0.73 | 341 |
2021-11-01 | $292,500 (20.0%) | $411,530 (29.9%) | 0.78 | 346 |
2021-12-01 | $299,250 (22.2%) | $446,840 (39.3%) | 0.81 | 331 |
2022-01-01 | $269,000 (12.3%) | $439,233 (32.2%) | 0.73 | 284 |
2022-02-01 | $276,250 (16.9%) | $447,233 (30.9%) | 0.72 | 245 |
2022-03-01 | $304,450 (21.8%) | $463,145 (34.8%) | 0.76 | 244 |
2022-04-01 | $300,000 (17.9%) | $455,949 (24.8%) | 0.72 | 272 |
2022-05-01 | $325,000 (18.2%) | $485,991 (25.1%) | 0.74 | 319 |
2022-06-01 | $349,850 (26.5%) | $490,824 (28.0%) | 0.78 | 387 |
2022-07-01 | $351,750 (32.8%) | $477,981 (29.7%) | 0.79 | 511 |
2022-08-01 | $350,000 (28.0%) | $458,350 (23.4%) | 0.81 | 615 |
2022-09-01 | $336,450 (22.6%) | $419,852 (11.3%) | 0.79 | 640 |
2022-10-01 | $325,000 (18.6%) | $409,541 (2.1%) | 0.76 | 700 |
2022-11-01 | $318,350 (8.8%) | $426,991 (3.8%) | 0.77 | 718 |
2022-12-01 | $319,900 (6.9%) | $427,627 (-4.3%) | 0.79 | 708 |
2023-01-01 | $319,950 (18.9%) | $422,946 (-3.7%) | 0.79 | 672 |
2023-02-01 | $309,450 (12.0%) | $409,177 (-8.5%) | 0.75 | 705 |
2023-03-01 | $310,175 (1.9%) | $420,512 (-9.2%) | 0.73 | 737 |
2023-04-01 | $325,000 (8.3%) | $434,977 (-4.6%) | 0.76 | 743 |
2023-05-01 | $342,450 (5.4%) | $450,430 (-7.3%) | 0.78 | 755 |
2023-06-01 | $349,950 (0.0%) | $454,992 (-7.3%) | 0.79 | 795 |
2023-07-01 | $349,000 (-0.8%) | $448,038 (-6.3%) | 0.79 | 870 |
2023-08-01 | $349,900 (0.0%) | $440,417 (-3.9%) | 0.80 | 910 |
2023-09-01 | $349,999 (4.0%) | $444,068 (5.8%) | 0.81 | 899 |
2023-10-01 | $337,800 (3.9%) | $428,614 (4.7%) | 0.79 | 941 |
2023-11-01 | $334,900 (5.2%) | $428,280 (0.3%) | 0.80 | 945 |
2023-12-01 | $325,500 (1.8%) | $422,321 (-1.2%) | 0.79 | 936 |
2024-01-01 | $330,000 (3.1%) | $420,959 (-0.5%) | 0.81 | 881 |
2024-02-01 | $345,000 (11.5%) | $438,398 (7.1%) | 0.83 | 858 |
2024-03-01 | $345,000 (11.2%) | $440,782 (4.8%) | 0.81 | 909 |
2024-04-01 | $347,450 (6.9%) | $447,761 (2.9%) | 0.81 | 948 |
2024-05-01 | $345,935 (1.0%) | $453,068 (0.6%) | 0.78 | 990 |
2024-06-01 | $339,900 (-2.9%) | $451,628 (-0.7%) | 0.76 | 1,049 |
2024-07-01 | $339,950 (-2.6%) | $440,747 (-1.6%) | 0.78 | 1,089 |
2024-08-01 | $335,000 (-4.3%) | $439,051 (-0.3%) | 0.78 | 1,093 |
2024-09-01 | $330,025 (-5.7%) | $438,799 (-1.2%) | 0.78 | 1,109 |
2024-10-01 | $332,450 (-1.6%) | $438,022 (2.2%) | 0.78 | 1,095 |
2024-11-01 | $325,000 (-3.0%) | $425,281 (-0.7%) | 0.00 | 1,113 |
Waco's median listing price comes in at 0% of the national average.
Waco's average listing price for 2024-11-01 was $425,281, a difference of $-2,999 (-0.7%) versus the prior year and $-12,741 versus the prior month.
For the 2024-11-01 period, Waco had 1,113 MLS listings, a difference of 18 listings (2%) versus the prior month and 168 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Waco (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 77 days | 1,961 sqft |
2018-02-01 | 73 days | 1,948 sqft |
2018-03-01 | 59 days | 1,975 sqft |
2018-04-01 | 57 days | 2,064 sqft |
2018-05-01 | 52 days | 2,056 sqft |
2018-06-01 | 46 days | 2,029 sqft |
2018-07-01 | 44 days | 1,984 sqft |
2018-08-01 | 50 days | 2,002 sqft |
2018-09-01 | 60 days | 2,031 sqft |
2018-10-01 | 65 days | 1,967 sqft |
2018-11-01 | 71 days | 2,004 sqft |
2018-12-01 | 78 days | 1,998 sqft |
2019-01-01 | 83 days | 1,993 sqft |
2019-02-01 | 77 days | 2,009 sqft |
2019-03-01 | 65 days | 2,021 sqft |
2019-04-01 | 55 days | 2,033 sqft |
2019-05-01 | 52 days | 2,035 sqft |
2019-06-01 | 46 days | 2,024 sqft |
2019-07-01 | 45 days | 2,034 sqft |
2019-08-01 | 50 days | 2,023 sqft |
2019-09-01 | 57 days | 1,997 sqft |
2019-10-01 | 61 days | 1,969 sqft |
2019-11-01 | 66 days | 1,976 sqft |
2019-12-01 | 75 days | 1,960 sqft |
2020-01-01 | 76 days | 1,945 sqft |
2020-02-01 | 59 days | 1,951 sqft |
2020-03-01 | 55 days | 2,009 sqft |
2020-04-01 | 57 days | 1,987 sqft |
2020-05-01 | 54 days | 2,046 sqft |
2020-06-01 | 53 days | 2,067 sqft |
2020-07-01 | 54 days | 2,084 sqft |
2020-08-01 | 51 days | 2,053 sqft |
2020-09-01 | 50 days | 2,015 sqft |
2020-10-01 | 57 days | 2,044 sqft |
2020-11-01 | 52 days | 1,997 sqft |
2020-12-01 | 53 days | 1,997 sqft |
2021-01-01 | 64 days | 1,995 sqft |
2021-02-01 | 46 days | 1,812 sqft |
2021-03-01 | 40 days | 1,847 sqft |
2021-04-01 | 30 days | 1,853 sqft |
2021-05-01 | 23 days | 1,949 sqft |
2021-06-01 | 16 days | 1,939 sqft |
2021-07-01 | 21 days | 1,858 sqft |
2021-08-01 | 24 days | 1,886 sqft |
2021-09-01 | 31 days | 1,884 sqft |
2021-10-01 | 43 days | 1,958 sqft |
2021-11-01 | 42 days | 2,006 sqft |
2021-12-01 | 41 days | 1,979 sqft |
2022-01-01 | 47 days | 1,796 sqft |
2022-02-01 | 42 days | 1,843 sqft |
2022-03-01 | 32 days | 1,893 sqft |
2022-04-01 | 24 days | 1,784 sqft |
2022-05-01 | 22 days | 1,829 sqft |
2022-06-01 | 23 days | 1,915 sqft |
2022-07-01 | 29 days | 1,986 sqft |
2022-08-01 | 36 days | 1,972 sqft |
2022-09-01 | 40 days | 1,912 sqft |
2022-10-01 | 46 days | 1,827 sqft |
2022-11-01 | 52 days | 1,810 sqft |
2022-12-01 | 62 days | 1,842 sqft |
2023-01-01 | 68 days | 1,832 sqft |
2023-02-01 | 62 days | 1,770 sqft |
2023-03-01 | 51 days | 1,802 sqft |
2023-04-01 | 53 days | 1,837 sqft |
2023-05-01 | 61 days | 1,954 sqft |
2023-06-01 | 62 days | 1,997 sqft |
2023-07-01 | 53 days | 1,973 sqft |
2023-08-01 | 56 days | 1,973 sqft |
2023-09-01 | 64 days | 1,964 sqft |
2023-10-01 | 69 days | 1,941 sqft |
2023-11-01 | 68 days | 1,916 sqft |
2023-12-01 | 72 days | 1,887 sqft |
2024-01-01 | 81 days | 1,856 sqft |
2024-02-01 | 83 days | 1,893 sqft |
2024-03-01 | 66 days | 1,914 sqft |
2024-04-01 | 56 days | 1,935 sqft |
2024-05-01 | 54 days | 1,959 sqft |
2024-06-01 | 58 days | 1,914 sqft |
2024-07-01 | 65 days | 1,921 sqft |
2024-08-01 | 73 days | 1,914 sqft |
2024-09-01 | 72 days | 1,908 sqft |
2024-10-01 | 75 days | 1,922 sqft |
2024-11-01 | 0 days | 1,897 sqft |
Waco's median square footage for active listings during the 2024-11-01 period was 1,897 sqft. One year prior, the average listing was 1,916 sqft.