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 0.21% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.96% and one month ago for the week of 2025-05-16, the average rate was 7.02%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.13%.

    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%).

    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.