Zapata VA Loan Rates, Closing Costs & Stats

Zapata, 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.

    Zapata's 1 lenders originated 1 VA loans during 2023. The total origination value was $285,000, with an average VA loan value of $285,000.

    Zapata VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Zapata averaged -0.1% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Zapata's average VA mortgage closing costs are $4,110.

    The average rate for the prior week (2024-11-08) was 6.11% and one month ago for the week of 2024-10-11, the average rate was 5.78%.

    The average rate one year ago was 7.37%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Zapata 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 Zapata level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First Option Mortgage, LLC 1 6.25% $2,805

    The lowest fee Zapata VA lenders (with over 10 loans originated) are .

    The lowest rate Zapata VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Zapata (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 $122,300 (-3.3%) $127,544 (-7.1%) 0.00 47
    2018-02-01 $121,225 (-3.6%) $128,110 (-3.7%) 0.00 51
    2018-03-01 $124,950 (-2.7%) $131,573 (-3.2%) 0.00 49
    2018-04-01 $120,000 (-9.1%) $135,461 (-1.1%) 0.00 52
    2018-05-01 $120,000 (-9.1%) $135,816 (0.3%) 0.00 54
    2018-06-01 $120,000 (-8.0%) $127,055 (-6.8%) 0.00 49
    2018-07-01 $120,000 (-7.0%) $121,922 (-1.6%) 0.00 44
    2018-08-01 $124,975 (-4.2%) $126,138 (-11.3%) 0.00 45
    2018-09-01 $125,000 (-1.5%) $126,828 (-9.2%) 0.00 46
    2018-10-01 $122,500 (-2.7%) $125,618 (-11.0%) 0.00 49
    2018-11-01 $120,000 (-4.0%) $122,888 (-9.9%) 0.00 48
    2018-12-01 $117,500 (-3.9%) $122,033 (-6.0%) 0.00 46
    2019-01-01 $115,000 (-6.0%) $120,306 (-5.7%) 0.00 45
    2019-02-01 $117,750 (-2.9%) $120,742 (-5.8%) 0.00 43
    2019-03-01 $119,143 (-4.7%) $125,539 (-4.6%) 0.00 42
    2019-04-01 $121,250 (1.0%) $132,678 (-2.1%) 0.00 40
    2019-05-01 $118,750 (-1.0%) $131,733 (-3.0%) 0.00 39
    2019-06-01 $115,000 (-4.2%) $129,613 (2.0%) 0.00 42
    2019-07-01 $118,250 (-1.5%) $130,296 (6.9%) 0.00 44
    2019-08-01 $120,636 (-3.5%) $132,026 (4.7%) 0.00 43
    2019-09-01 $123,091 (-1.5%) $136,488 (7.6%) 0.00 41
    2019-10-01 $121,727 (-0.6%) $138,202 (10.0%) 0.00 41
    2019-11-01 $120,000 (0.0%) $150,699 (22.6%) 0.00 40
    2019-12-01 $125,000 (6.4%) $151,572 (24.2%) 0.00 41
    2020-01-01 $122,500 (6.5%) $148,392 (23.4%) 0.00 42
    2020-02-01 $125,000 (6.2%) $147,406 (22.1%) 0.00 36
    2020-03-01 $135,250 (13.5%) $159,348 (26.9%) 0.00 30
    2020-04-01 $135,250 (11.6%) $163,657 (23.4%) 0.00 28
    2020-05-01 $129,000 (8.6%) $168,573 (28.0%) 0.00 23
    2020-06-01 $124,500 (8.3%) $167,839 (29.5%) 0.00 18
    2020-07-01 $138,000 (16.7%) $174,532 (34.0%) 0.00 18
    2020-08-01 $163,450 (35.5%) $180,445 (36.7%) 0.00 17
    2020-09-01 $135,000 (9.7%) $147,220 (7.9%) 0.00 22
    2020-10-01 $141,250 (16.0%) $149,765 (8.4%) 0.00 23
    2020-11-01 $152,500 (27.1%) $154,950 (2.8%) 0.00 22
    2020-12-01 $131,250 (5.0%) $145,114 (-4.3%) 0.00 24
    2021-01-01 $130,000 (6.1%) $147,206 (-0.8%) 0.00 22
    2021-02-01 $159,900 (27.9%) $157,097 (6.6%) 0.00 19
    2021-03-01 $159,900 (18.2%) $156,939 (-1.5%) 0.00 20
    2021-04-01 $159,425 (17.9%) $172,032 (5.1%) 0.00 21
    2021-05-01 $120,000 (-7.0%) $176,079 (4.5%) 0.00 17
    2021-06-01 $122,500 (-1.6%) $174,709 (4.1%) 0.00 16
    2021-07-01 $125,000 (-9.4%) $177,049 (1.4%) 0.00 17
    2021-08-01 $146,450 (-10.4%) $178,863 (-0.9%) 0.00 14
    2021-09-01 $120,675 (-10.6%) $156,456 (6.3%) 0.00 13
    2021-10-01 $121,450 (-14.0%) $145,557 (-2.8%) 0.00 14
    2021-11-01 $126,000 (-17.4%) $153,279 (-1.1%) 0.00 14
    2021-12-01 $130,000 (-1.0%) $159,835 (10.1%) 0.00 18
    2022-01-01 $140,000 (7.7%) $184,376 (25.3%) 0.00 18
    2022-02-01 $148,500 (-7.1%) $209,587 (33.4%) 0.00 23
    2022-03-01 $149,000 (-6.8%) $212,275 (35.3%) 0.00 24
    2022-04-01 $149,000 (-6.5%) $223,525 (29.9%) 0.00 24
    2022-05-01 $172,500 (43.8%) $230,589 (31.0%) 0.00 18
    2022-06-01 $176,250 (43.9%) $221,774 (26.9%) 0.00 23
    2022-07-01 $180,000 (44.0%) $204,395 (15.5%) 0.00 21
    2022-08-01 $183,375 (25.2%) $217,252 (21.5%) 0.00 22
    2022-09-01 $171,750 (42.3%) $206,908 (32.3%) 0.00 25
    2022-10-01 $165,500 (36.3%) $198,312 (36.2%) 0.00 26
    2022-11-01 $167,750 (33.1%) $191,809 (25.1%) 0.00 26
    2022-12-01 $180,000 (38.5%) $201,370 (26.0%) 0.00 23
    2023-01-01 $179,000 (27.9%) $201,359 (9.2%) 0.00 27
    2023-02-01 $171,750 (15.7%) $193,080 (-7.9%) 0.00 23
    2023-03-01 $159,250 (6.9%) $190,987 (-10.0%) 0.00 21
    2023-04-01 $154,000 (3.4%) $193,407 (-13.5%) 0.00 24
    2023-05-01 $162,875 (-5.6%) $201,401 (-12.7%) 0.00 21
    2023-06-01 $177,250 (0.6%) $204,859 (-7.6%) 0.00 22
    2023-07-01 $161,750 (-10.1%) $206,747 (1.2%) 0.00 28
    2023-08-01 $155,500 (-15.2%) $197,413 (-9.1%) 0.00 31
    2023-09-01 $155,500 (-9.5%) $199,535 (-3.6%) 0.00 26
    2023-10-01 $138,000 (-16.6%) $187,988 (-5.2%) 0.00 24
    2023-11-01 $153,000 (-8.8%) $178,008 (-7.2%) 0.00 31
    2023-12-01 $155,500 (-13.6%) $176,481 (-12.4%) 0.00 32
    2024-01-01 $167,500 (-6.4%) $180,937 (-10.1%) 0.00 32
    2024-02-01 $166,225 (-3.2%) $183,114 (-5.2%) 0.00 32
    2024-03-01 $158,000 (-0.8%) $173,449 (-9.2%) 0.00 30
    2024-04-01 $158,000 (2.6%) $174,095 (-10.0%) 0.00 29
    2024-05-01 $176,250 (8.2%) $193,418 (-4.0%) 0.00 30
    2024-06-01 $153,000 (-13.7%) $184,833 (-9.8%) 0.00 34
    2024-07-01 $153,000 (-5.4%) $185,433 (-10.3%) 0.00 35
    2024-08-01 $158,000 (1.6%) $173,679 (-12.0%) 0.00 33
    2024-09-01 $158,000 (1.6%) $173,552 (-13.0%) 0.00 32
    2024-10-01 $144,500 (4.7%) $160,723 (-14.5%) 0.00 34
    Zapata's median listing price for 2024-10-01 was $144,500, a difference of $6,500 (4.7%) versus the prior year and $-13,500 versus the prior month.

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

    Zapata's average listing price for 2024-10-01 was $160,723, a difference of $-27,265 (-14.5%) versus the prior year and $-12,829 versus the prior month.

    For the 2024-10-01 period, Zapata had 34 MLS listings, a difference of 2 listings (6%) versus the prior month and 10 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Zapata (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,569 sqft
    2018-02-01 0 days 1,550 sqft
    2018-03-01 0 days 1,515 sqft
    2018-04-01 0 days 1,443 sqft
    2018-05-01 0 days 1,442 sqft
    2018-06-01 0 days 1,443 sqft
    2018-07-01 0 days 1,573 sqft
    2018-08-01 0 days 1,731 sqft
    2018-09-01 0 days 1,731 sqft
    2018-10-01 0 days 1,741 sqft
    2018-11-01 0 days 1,709 sqft
    2018-12-01 0 days 1,661 sqft
    2019-01-01 0 days 1,612 sqft
    2019-02-01 0 days 1,414 sqft
    2019-03-01 0 days 1,448 sqft
    2019-04-01 0 days 1,538 sqft
    2019-05-01 0 days 1,634 sqft
    2019-06-01 0 days 1,656 sqft
    2019-07-01 0 days 1,656 sqft
    2019-08-01 0 days 1,648 sqft
    2019-09-01 0 days 1,636 sqft
    2019-10-01 0 days 1,607 sqft
    2019-11-01 0 days 1,586 sqft
    2019-12-01 0 days 1,555 sqft
    2020-01-01 0 days 1,570 sqft
    2020-02-01 0 days 1,648 sqft
    2020-03-01 0 days 1,709 sqft
    2020-04-01 0 days 1,774 sqft
    2020-05-01 0 days 1,798 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,800 sqft
    2020-08-01 0 days 1,844 sqft
    2020-09-01 0 days 1,592 sqft
    2020-10-01 0 days 1,586 sqft
    2020-11-01 0 days 1,678 sqft
    2020-12-01 0 days 1,562 sqft
    2021-01-01 0 days 1,643 sqft
    2021-02-01 0 days 1,796 sqft
    2021-03-01 0 days 1,796 sqft
    2021-04-01 0 days 1,803 sqft
    2021-05-01 0 days 1,790 sqft
    2021-06-01 0 days 1,768 sqft
    2021-07-01 0 days 1,725 sqft
    2021-08-01 0 days 1,701 sqft
    2021-09-01 0 days 1,320 sqft
    2021-10-01 0 days 1,240 sqft
    2021-11-01 0 days 1,240 sqft
    2021-12-01 0 days 1,421 sqft
    2022-01-01 0 days 1,709 sqft
    2022-02-01 0 days 1,747 sqft
    2022-03-01 0 days 1,701 sqft
    2022-04-01 0 days 1,692 sqft
    2022-05-01 0 days 1,752 sqft
    2022-06-01 0 days 1,709 sqft
    2022-07-01 0 days 1,678 sqft
    2022-08-01 0 days 1,664 sqft
    2022-09-01 0 days 1,664 sqft
    2022-10-01 0 days 1,648 sqft
    2022-11-01 0 days 1,655 sqft
    2022-12-01 0 days 1,688 sqft
    2023-01-01 0 days 1,660 sqft
    2023-02-01 0 days 1,648 sqft
    2023-03-01 0 days 1,560 sqft
    2023-04-01 0 days 1,389 sqft
    2023-05-01 0 days 1,632 sqft
    2023-06-01 0 days 1,599 sqft
    2023-07-01 0 days 1,665 sqft
    2023-08-01 0 days 1,635 sqft
    2023-09-01 0 days 1,665 sqft
    2023-10-01 0 days 1,691 sqft
    2023-11-01 0 days 1,634 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,634 sqft
    2024-02-01 0 days 1,634 sqft
    2024-03-01 0 days 1,448 sqft
    2024-04-01 0 days 1,638 sqft
    2024-05-01 0 days 1,692 sqft
    2024-06-01 0 days 1,691 sqft
    2024-07-01 0 days 1,691 sqft
    2024-08-01 0 days 1,562 sqft
    2024-09-01 0 days 1,562 sqft
    2024-10-01 0 days 1,559 sqft
    Zapata's median listing age (time on market) for 2024-10-01 was 0 days.

    Zapata's median square footage for active listings during the 2024-10-01 period was 1,559 sqft. One year prior, the average listing was 1,691 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.