Wichita Falls VA Loan Rates, Closing Costs & Stats

WICHITA FALLS, 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.

    Wichita Falls's 62 lenders originated 501 VA loans during 2024. The total origination value was $133,855,000, with an average VA loan value of $267,176.

    Wichita Falls VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wichita Falls averaged 6.47% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Wichita Falls's average VA mortgage closing costs are $5,971.

    The average rate for the prior week (2025-03-28) was 6.59% and one month ago for the week of 2025-02-28, the average rate was 6.67%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.83%.

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

    Wichita Falls 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 Wichita Falls level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 98 6.25% $5,523
    FLAT BRANCH MORTGAGE, INC. 77 6.51% $8,431
    UNITED WHOLESALE MORTGAGE, LLC 35 5.98% $6,223
    American National Bank & Trust 31 6.19% $6,993
    FREEDOM MORTGAGE CORPORATION 20 6.07% $5,577
    USAA Federal Savings Bank 20 6.38% $7,496
    PENNYMAC LOAN SERVICES, LLC 16 5.62% $5,931
    NAVY FEDERAL CREDIT UNION 16 5.95% $5,057
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.32% $4,161
    UNION SQUARE 15 6.24% $6,971
    QUICKEN LOANS, LLC 12 6.08% $10,219
    HOMESIDE FINANCIAL, LLC 10 6.70% $7,462
    MOVEMENT MORTGAGE, LLC 8 6.30% $8,611
    CARDINAL FINANCIAL 6 6.46% $11,401
    Mr. Cooper ( Nationstar Mortgage ) 6 6.29% $5,861
    VILLAGE CAPITAL MORTGAGE 6 5.77% $5,185
    First Bank 5 5.97% $4,593
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.38% $5,522
    GUARANTEED RATE, INC. 4 6.31% $3,876
    BROKER SOLUTIONS, INC. 4 6.62% $10,112
    Flagstar Bank, FSB 4 6.11% $5,136
    NORWICH COMMERCIAL GROUP, INC. 3 5.83% $14,694
    CMG MORTGAGE, INC. 3 6.08% $9,959
    NBKC BANK 3 6.00% $6,821
    Equity Prime Mortgage LLC 2 6.50% $5,298
    LAKEVIEW LOAN SERVICING, LLC 2 6.25% $4,871
    LOANDEPOT.COM, LLC 2 6.13% $8,917
    PLANET HOME LENDING, LLC 2 6.00% $4,281
    NEWREZ LLC 2 6.75% $4,232
    Network Funding, L.P. 2 5.69% $6,790
    Century Mortgage Company DBA Century Lending Company 2 6.06% $4,202
    CLEARPATH LENDING 2 5.62% $4,851
    Armed Forces Bank 2 6.63% $11,704
    PHH Mortgage Corporation 2 5.93% $5,586
    MORTGAGEONE, INC. 2 6.38% $7,106
    V.I.P. MORTGAGE, INC. 1 5.75% $6,131
    AMERICAN INTERNET MORTGAGE, INC. 1 5.63% $12,548
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $17,091
    Ameris Bank 1 5.63% $4,839
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $6,441
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,094
    CANOPY MORTGAGE, LLC 1 6.25% $6,035
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $5,413
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $10,291
    Fidelity Bank 1 6.13% $11,447
    First United Bank and Trust Company 1 6.88% $4,470
    Gateway First Bank 1 7.00% $4,446
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $21,279
    Granite Community Bank 1 5.75% $3,881
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $11,562
    GUILD MORTGAGE COMPANY 1 6.63% $10,948
    JMAC LENDING, INC. 1 6.25% $7,977
    MICHIGAN MUTUAL, INC. 1 6.75% $4,416
    Origin Bank 1 6.63% $817
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $7,184
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $10,308
    Plains Commerce Bank 1 7.13% $9,088
    SOUTHWEST FUNDING, LP 1 5.99% $2,050
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $7,112
    SWBC MORTGAGE CORPORATION 1 6.63% $7,357
    U.S. Bank 1 6.13% $5,774
    ALAMEDA MORTGAGE CORPORATION 1 5.75% $14,949

    The top Wichita Falls VA lender as defined by loan originations is Mortgage Research Center, LLC, with 98 VA loans originated. Their average total fees are $5,523, which is $2,908 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Wichita Falls VA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,161), NAVY FEDERAL CREDIT UNION ($5,057), Mortgage Research Center, LLC ($5,523), FREEDOM MORTGAGE CORPORATION ($5,577) and PENNYMAC LOAN SERVICES, LLC ($5,931).

    The lowest rate Wichita Falls VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.62%), NAVY FEDERAL CREDIT UNION (5.95%), UNITED WHOLESALE MORTGAGE, LLC (5.98%), FREEDOM MORTGAGE CORPORATION (6.07%) and QUICKEN LOANS, LLC (6.08%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wichita Falls (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 $110,225 (0.3%) $167,092 (8.4%) 0.41 487
    2018-02-01 $113,475 (3.3%) $166,502 (7.3%) 0.41 486
    2018-03-01 $127,500 (14.1%) $175,469 (11.1%) 0.45 487
    2018-04-01 $132,225 (15.1%) $187,891 (17.4%) 0.45 481
    2018-05-01 $123,200 (7.2%) $183,840 (12.3%) 0.41 498
    2018-06-01 $125,000 (9.7%) $183,799 (12.7%) 0.42 513
    2018-07-01 $131,738 (19.8%) $183,841 (14.1%) 0.44 522
    2018-08-01 $138,225 (31.7%) $187,094 (16.4%) 0.46 527
    2018-09-01 $137,450 (25.0%) $187,260 (12.1%) 0.46 523
    2018-10-01 $136,500 (18.8%) $187,613 (11.0%) 0.46 542
    2018-11-01 $135,375 (17.0%) $190,868 (13.8%) 0.46 534
    2018-12-01 $135,000 (20.5%) $190,414 (13.8%) 0.47 506
    2019-01-01 $134,975 (22.5%) $195,673 (17.1%) 0.47 433
    2019-02-01 $131,450 (15.8%) $196,184 (17.8%) 0.44 413
    2019-03-01 $132,028 (3.6%) $195,055 (11.2%) 0.43 418
    2019-04-01 $134,011 (1.4%) $193,274 (2.9%) 0.43 424
    2019-05-01 $132,250 (7.4%) $194,317 (5.7%) 0.41 419
    2019-06-01 $134,700 (7.8%) $194,907 (6.0%) 0.42 421
    2019-07-01 $128,913 (-2.1%) $186,861 (1.6%) 0.40 476
    2019-08-01 $131,100 (-5.2%) $189,394 (1.2%) 0.42 465
    2019-09-01 $133,013 (-3.2%) $191,178 (2.1%) 0.43 451
    2019-10-01 $136,000 (-0.4%) $193,046 (2.9%) 0.44 435
    2019-11-01 $142,000 (4.9%) $197,063 (3.3%) 0.47 401
    2019-12-01 $140,250 (3.9%) $197,685 (3.8%) 0.47 383
    2020-01-01 $129,000 (-4.4%) $195,817 (0.1%) 0.43 357
    2020-02-01 $125,000 (-4.9%) $195,712 (-0.2%) 0.41 312
    2020-03-01 $148,225 (12.3%) $221,102 (13.4%) 0.46 310
    2020-04-01 $156,500 (16.8%) $221,123 (14.4%) 0.49 300
    2020-05-01 $189,700 (43.4%) $235,798 (21.4%) 0.58 252
    2020-06-01 $193,450 (43.6%) $238,049 (22.1%) 0.57 222
    2020-07-01 $158,075 (22.6%) $231,821 (24.1%) 0.46 226
    2020-08-01 $159,950 (22.0%) $236,270 (24.8%) 0.46 231
    2020-09-01 $157,450 (18.4%) $229,295 (19.9%) 0.45 217
    2020-10-01 $159,900 (17.6%) $228,161 (18.2%) 0.46 214
    2020-11-01 $151,825 (6.9%) $227,055 (15.2%) 0.44 197
    2020-12-01 $144,900 (3.3%) $229,250 (16.0%) 0.43 153
    2021-01-01 $129,900 (0.7%) $221,914 (13.3%) 0.39 126
    2021-02-01 $122,950 (-1.6%) $202,737 (3.6%) 0.36 117
    2021-03-01 $131,533 (-11.3%) $203,222 (-8.1%) 0.37 106
    2021-04-01 $145,100 (-7.3%) $202,645 (-8.4%) 0.39 122
    2021-05-01 $139,900 (-26.3%) $200,431 (-15.0%) 0.37 136
    2021-06-01 $159,950 (-17.3%) $208,543 (-12.4%) 0.42 155
    2021-07-01 $159,900 (1.2%) $200,780 (-13.4%) 0.42 195
    2021-08-01 $164,600 (2.9%) $215,833 (-8.7%) 0.44 239
    2021-09-01 $172,200 (9.4%) $230,120 (0.4%) 0.46 218
    2021-10-01 $164,900 (3.1%) $251,311 (10.2%) 0.44 199
    2021-11-01 $171,225 (12.8%) $270,043 (18.9%) 0.46 204
    2021-12-01 $174,450 (20.4%) $274,377 (19.7%) 0.47 197
    2022-01-01 $175,560 (35.2%) $281,617 (26.9%) 0.47 174
    2022-02-01 $177,390 (44.3%) $293,723 (44.9%) 0.46 154
    2022-03-01 $160,840 (22.3%) $287,990 (41.7%) 0.40 141
    2022-04-01 $179,900 (24.0%) $288,747 (42.5%) 0.43 150
    2022-05-01 $198,225 (41.7%) $301,841 (50.6%) 0.45 170
    2022-06-01 $192,450 (20.3%) $294,522 (41.2%) 0.43 193
    2022-07-01 $179,000 (11.9%) $276,024 (37.5%) 0.40 255
    2022-08-01 $185,000 (12.4%) $264,662 (22.6%) 0.43 310
    2022-09-01 $188,825 (9.7%) $262,945 (14.3%) 0.44 349
    2022-10-01 $185,000 (12.2%) $246,003 (-2.1%) 0.44 359
    2022-11-01 $190,450 (11.2%) $245,680 (-9.0%) 0.46 382
    2022-12-01 $199,900 (14.6%) $247,116 (-9.9%) 0.49 363
    2023-01-01 $199,900 (13.9%) $237,512 (-15.7%) 0.50 332
    2023-02-01 $202,450 (14.1%) $239,003 (-18.6%) 0.49 301
    2023-03-01 $206,000 (28.1%) $243,942 (-15.3%) 0.49 257
    2023-04-01 $205,000 (14.0%) $245,607 (-14.9%) 0.48 248
    2023-05-01 $216,675 (9.3%) $263,575 (-12.7%) 0.49 264
    2023-06-01 $227,000 (18.0%) $270,094 (-8.3%) 0.51 301
    2023-07-01 $220,000 (22.9%) $267,074 (-3.2%) 0.50 307
    2023-08-01 $221,725 (19.9%) $265,946 (0.5%) 0.51 342
    2023-09-01 $235,000 (24.5%) $269,109 (2.3%) 0.55 362
    2023-10-01 $229,575 (24.1%) $266,546 (8.4%) 0.54 414
    2023-11-01 $225,000 (18.1%) $275,371 (12.1%) 0.54 427
    2023-12-01 $207,000 (3.6%) $256,754 (3.9%) 0.50 432
    2024-01-01 $210,000 (5.1%) $264,656 (11.4%) 0.51 435
    2024-02-01 $214,625 (6.0%) $265,935 (11.3%) 0.52 444
    2024-03-01 $219,900 (6.8%) $267,660 (9.7%) 0.52 472
    2024-04-01 $219,975 (7.3%) $265,775 (8.2%) 0.51 508
    2024-05-01 $224,125 (3.4%) $268,299 (1.8%) 0.51 520
    2024-06-01 $215,000 (-5.3%) $263,883 (-2.3%) 0.49 510
    2024-07-01 $215,000 (-2.3%) $260,738 (-2.4%) 0.49 554
    2024-08-01 $215,000 (-3.0%) $261,808 (-1.6%) 0.50 575
    2024-09-01 $210,000 (-10.6%) $265,168 (-1.5%) 0.49 599
    2024-10-01 $209,950 (-8.6%) $264,582 (-0.7%) 0.49 584
    2024-11-01 $210,000 (-6.7%) $265,596 (-3.6%) 0.50 575
    2024-12-01 $209,875 (1.4%) $258,174 (0.6%) 0.52 541
    2025-01-01 $209,863 (-0.1%) $259,171 (-2.1%) 0.52 522
    2025-02-01 $209,600 (-2.3%) $258,045 (-3.0%) 0.51 529
    2025-03-01 $215,000 (-2.2%) $254,725 (-4.8%) 0.00 559
    Wichita Falls's median listing price for 2025-03-01 was $215,000, a difference of $-4,900 (-2.2%) versus the prior year and $5,400 versus the prior month.

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

    Wichita Falls's average listing price for 2025-03-01 was $254,725, a difference of $-12,935 (-4.8%) versus the prior year and $-3,320 versus the prior month.

    For the 2025-03-01 period, Wichita Falls had 559 MLS listings, a difference of 30 listings (6%) versus the prior month and 87 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wichita Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 1,632 sqft
    2018-02-01 59 days 1,612 sqft
    2018-03-01 51 days 1,681 sqft
    2018-04-01 47 days 1,739 sqft
    2018-05-01 44 days 1,699 sqft
    2018-06-01 44 days 1,704 sqft
    2018-07-01 47 days 1,745 sqft
    2018-08-01 50 days 1,755 sqft
    2018-09-01 57 days 1,762 sqft
    2018-10-01 58 days 1,785 sqft
    2018-11-01 60 days 1,810 sqft
    2018-12-01 68 days 1,790 sqft
    2019-01-01 77 days 1,791 sqft
    2019-02-01 67 days 1,794 sqft
    2019-03-01 52 days 1,801 sqft
    2019-04-01 43 days 1,787 sqft
    2019-05-01 44 days 1,767 sqft
    2019-06-01 43 days 1,748 sqft
    2019-07-01 38 days 1,707 sqft
    2019-08-01 42 days 1,731 sqft
    2019-09-01 48 days 1,753 sqft
    2019-10-01 51 days 1,767 sqft
    2019-11-01 50 days 1,800 sqft
    2019-12-01 51 days 1,755 sqft
    2020-01-01 58 days 1,730 sqft
    2020-02-01 60 days 1,692 sqft
    2020-03-01 51 days 1,799 sqft
    2020-04-01 61 days 1,824 sqft
    2020-05-01 65 days 1,924 sqft
    2020-06-01 52 days 1,981 sqft
    2020-07-01 40 days 1,859 sqft
    2020-08-01 40 days 1,827 sqft
    2020-09-01 40 days 1,862 sqft
    2020-10-01 39 days 1,825 sqft
    2020-11-01 45 days 1,823 sqft
    2020-12-01 53 days 1,788 sqft
    2021-01-01 52 days 1,706 sqft
    2021-02-01 31 days 1,458 sqft
    2021-03-01 32 days 1,487 sqft
    2021-04-01 16 days 1,661 sqft
    2021-05-01 16 days 1,705 sqft
    2021-06-01 17 days 1,648 sqft
    2021-07-01 22 days 1,570 sqft
    2021-08-01 27 days 1,682 sqft
    2021-09-01 36 days 1,695 sqft
    2021-10-01 33 days 1,652 sqft
    2021-11-01 37 days 1,652 sqft
    2021-12-01 44 days 1,633 sqft
    2022-01-01 47 days 1,659 sqft
    2022-02-01 38 days 1,657 sqft
    2022-03-01 23 days 1,610 sqft
    2022-04-01 24 days 1,673 sqft
    2022-05-01 18 days 1,698 sqft
    2022-06-01 25 days 1,736 sqft
    2022-07-01 25 days 1,573 sqft
    2022-08-01 34 days 1,613 sqft
    2022-09-01 38 days 1,625 sqft
    2022-10-01 45 days 1,608 sqft
    2022-11-01 49 days 1,622 sqft
    2022-12-01 62 days 1,626 sqft
    2023-01-01 65 days 1,626 sqft
    2023-02-01 58 days 1,677 sqft
    2023-03-01 44 days 1,680 sqft
    2023-04-01 42 days 1,715 sqft
    2023-05-01 34 days 1,731 sqft
    2023-06-01 36 days 1,737 sqft
    2023-07-01 38 days 1,728 sqft
    2023-08-01 38 days 1,729 sqft
    2023-09-01 44 days 1,733 sqft
    2023-10-01 49 days 1,721 sqft
    2023-11-01 51 days 1,714 sqft
    2023-12-01 62 days 1,640 sqft
    2024-01-01 66 days 1,658 sqft
    2024-02-01 63 days 1,663 sqft
    2024-03-01 52 days 1,693 sqft
    2024-04-01 57 days 1,710 sqft
    2024-05-01 56 days 1,714 sqft
    2024-06-01 56 days 1,691 sqft
    2024-07-01 57 days 1,677 sqft
    2024-08-01 54 days 1,673 sqft
    2024-09-01 59 days 1,655 sqft
    2024-10-01 61 days 1,668 sqft
    2024-11-01 65 days 1,683 sqft
    2024-12-01 73 days 1,689 sqft
    2025-01-01 77 days 1,655 sqft
    2025-02-01 66 days 1,680 sqft
    2025-03-01 0 days 1,653 sqft
    Wichita Falls's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Wichita Falls's median square footage for active listings during the 2025-03-01 period was 1,653 sqft. One year prior, the average listing was 1,693 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.