Texas VA Loan Rates, Closing Costs & Stats

Texas

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.

Texas VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Texas averaged 6.55% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Texas's average VA mortgage closing costs are $17,889.

The average rate for the prior week (2024-04-05) was 6.3% and one month ago for the week of 2024-03-08, the average rate was 6.33%.

The average rate one year ago was 5.82%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.65%.

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

Texas 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 Texas level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 5,442 6.61% $7,629
DHI MORTGAGE COMPANY, LTD. 3,160 5.28% $8,173
UNITED WHOLESALE MORTGAGE, LLC 2,239 6.23% $8,375
NAVY FEDERAL CREDIT UNION 1,740 5.80% $6,975
EAGLE HOME MORTGAGE, LLC 1,464 4.73% $4,328
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,356 6.51% $8,571
LOANDEPOT.COM, LLC 936 5.96% $11,831
ARK-LA-TEX FINANCIAL SERVICES, LLC. 831 6.16% $10,547
CMG MORTGAGE, INC. 783 6.19% $13,099
USAA Federal Savings Bank 780 6.20% $10,659
AMCAP MORTGAGE, LTD. 757 6.41% $14,730
QUICKEN LOANS, LLC 746 6.19% $12,284
PRIMELENDING, A PLAINSCAPITAL COMPANY 675 6.26% $11,613
GUARANTEED RATE, INC. 648 6.26% $7,852
CARDINAL FINANCIAL 600 6.47% $14,130
AMERICAN PACIFIC MORTGAGE CORPORATION 561 6.36% $12,642
CORNERSTONE HOME LENDING, INC. 535 6.08% $7,936
PULTE MORTGAGE LLC 498 5.52% $6,567
CROSSCOUNTRY MORTGAGE, LLC 496 6.56% $9,351
KBHS HOME LOANS, LLC 491 5.91% $11,112
PENNYMAC LOAN SERVICES, LLC 476 5.67% $10,073
MORTGAGE SOLUTIONS OF COLORADO, LLC 470 7.64% $4,104
GUILD MORTGAGE COMPANY 440 6.52% $12,415
VELOCIO MORTGAGE L.L.C. 439 5.49% $7,829
FREEDOM MORTGAGE CORPORATION 393 6.41% $11,530
SWBC MORTGAGE CORPORATION 308 6.25% $9,945
SFMC, LP 294 6.12% $13,876
PENTAGON FEDERAL CREDIT UNION 293 5.58% $10,073
MOVEMENT MORTGAGE, LLC 291 6.35% $12,494
First National Bank Texas 281 6.03% $6,766
GARDNER FINANCIAL SERVICES, LTD. 273 6.18% $18,257
EVERETT FINANCIAL, INC. 255 6.55% $13,074
Paramount Residential Mortgage Group, Inc. 236 6.30% $18,070,435
THRIVE MORTGAGE, LLC 228 6.31% $15,269
CLM MORTGAGE, INC 228 6.11% $6,336
CRESTMARK MORTGAGE COMPANY, LTD. 220 5.83% $8,118
PLAZA HOME MORTGAGE, INC. 215 6.28% $11,664
M/I FINANCIAL, LLC 210 5.70% $14,939
NEWREZ LLC 194 6.41% $9,889
INSPIRE HOME LOANS INC. 192 5.36% $6,183
Equity Prime Mortgage LLC 189 6.96% $8,703
Network Funding, L.P. 178 6.14% $12,773
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 177 6.48% $11,249
BROKER SOLUTIONS, INC. 169 6.53% $11,392
Gateway First Bank 169 6.34% $9,139
Plains Commerce Bank 168 6.09% $10,751
NATIONS RELIABLE LENDING, LLC 162 6.64% $11,303
Flagstar Bank, FSB 154 6.48% $8,953
SECURITYNATIONAL MORTGAGE COMPANY 152 6.53% $11,655
INTERLINC MORTGAGE SERVICES, LLC 152 6.17% $7,000
First United Bank and Trust Company 148 6.36% $14,470
NBKC BANK 138 5.84% $9,265
MORTGAGE FINANCIAL SERVICES, LLC 138 6.53% $11,760
GUARANTEED RATE AFFINITY, LLC 134 6.31% $7,846
Wells Fargo Bank 126 5.79% $6,723
T2 FINANCIAL LLC 125 6.56% $10,514
Rocky Mountain Mortgage Company 124 6.21% $4,798
HOMESIDE FINANCIAL, LLC 121 6.10% $7,210
MUTUAL OF OMAHA MORTGAGE, INC. 119 6.48% $11,795
PILGRIM MORTGAGE LLC 117 6.38% $13,123
First Financial Bank 116 6.27% $9,368
Town Square Mortgage & Investments, Inc. 115 6.44% $10,011
City Bank 115 6.28% $8,455
Century Mortgage Company DBA Century Lending Company 115 6.25% $8,971
Republic State Mortgage Co. 109 6.11% $10,717
Barrington Bank & Trust Company, N.A. 100 6.31% $8,305
EUSTIS AND AMERICAN MORTGAGE COMPANY 97 6.46% $7,866
BancorpSouth 95 6.34% $7,715
South Pacific Financial Corporation 94 5.52% $12,728
Prosperity Home Mortgage, LLC 93 6.18% $12,499
PLANET HOME LENDING, LLC 92 5.97% $9,605
PRIORITY HOME MORTGAGE, L.P. 91 5.85% $6,952
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 91 6.13% $6,071
JPMorgan Chase Bank 91 6.03% $5,620
UNION HOME MORTGAGE CORP. 89 6.44% $13,549
ACADEMY MORTGAGE CORPORATION 89 6.39% $11,295
V.I.P. MORTGAGE, INC. 89 6.16% $12,275
DIRECTIONS EQUITY, LLC 87 5.75% $8,220
VILLAGE CAPITAL MORTGAGE 86 6.07% $8,227
Mr. Cooper ( Nationstar Mortgage ) 85 6.22% $12,607
BROOKHOLLOW MORTGAGE SERVICES, LTD 83 5.82% $7,259
CADENCE LENDING GROUP, INC. 82 6.26% $10,097
Sunflower Bank 82 6.08% $11,719
AMERICAN FINANCIAL NETWORK, INC. 79 6.59% $10,577
LOANPEOPLE, LLC 78 6.20% $15,413
Nations Lending Corporation 78 6.59% $9,746
LEGEND LENDING CORPORATION 78 6.59% $14,370
Armed Forces Bank 77 5.98% $11,556
FLAT BRANCH MORTGAGE, INC. 73 6.43% $8,747
LEADERONE FINANCIAL CORPORATION 72 6.37% $9,671
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 71 5.77% $8,619
Mid-Continent Funding, Inc. 69 6.15% $11,728
THE MORTGAGE LINK, INC. 68 6.61% $15,673
Citizens Bank 65 6.26% $10,707
MID AMERICA MORTGAGE, INC. 64 6.50% $18,017
ADVISA MORTGAGE SERVICES, LTD. 63 6.01% $8,519
Wallick & Volk, Inc. 62 6.06% $9,688
SUCCESS MORTGAGE PARTNERS, INC. 60 6.76% $11,357
WILLOW BEND MORTGAGE COMPANY, LLC 59 6.64% $11,556
SUN WEST MORTGAGE COMPANY, INC. 58 6.71% $9,320
BAY EQUITY LLC 55 6.39% $9,210
JET HOMELOANS, LLC 54 5.70% $11,618
DRAPER AND KRAMER MORTGAGE CORP. 54 6.61% $13,038
Waterstone Mortgage Corporation 53 6.50% $10,772
Commerce Home Mortgage, Inc. 53 6.58% $11,515
Neighborhood Loans, Inc. 52 6.51% $13,535
Trinity Oaks Mortgage, LLC 51 6.02% $15,219
First Bank 49 6.07% $14,437
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 48 6.72% $7,549
American National Bank & Trust 47 6.15% $9,784
NTFN, INC. 46 6.44% $10,625
S1L, Inc. 45 6.27% $14,074
PATRIOT MORTGAGE COMPANY 43 5.86% $8,209
MORTGAGEONE, INC. 41 7.00% $5,976
HOMEBRIDGE FINANCIAL SERVICES, INC. 41 6.17% $12,437
U.S. Bank 41 6.03% $10,248
SENTE MORTGAGE, INC. 40 6.39% $14,710
TEXAS TECH 38 6.14% $6,001
DAS Acquisition Company, LLC 38 6.67% $7,349
SUMMIT FUNDING, INC. 37 6.55% $11,199
GENEVA FINANCIAL, LLC 36 6.99% $9,559
Amarillo National Bank 36 6.20% $7,055
CHERRY CREEK MORTGAGE, LLC 36 6.05% $4,568
Wolfe Financial, Inc 35 6.80% $5,624
The Federal Savings Bank 35 6.56% $11,375
PREMIA MORTGAGE, LLC 34 5.94% $8,194
FIRST EQUITY MORTGAGE INCORPORATED 33 5.80% $13,606
BNC National Bank 33 5.47% $9,578
CHURCHILL MORTGAGE CORPORATION 33 6.34% $12,652
MANN FINANCIAL INC. 32 6.51% $7,644
INTEGRITY MORTGAGE CORPORATION OF TEXAS 31 6.35% $12,994
Magnolia Bank 30 5.97% $9,825
ENVOY MORTGAGE, LTD 30 6.60% $9,963
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 30 6.53% $14,085
AMERISAVE MORTGAGE CORPORATION 30 5.82% $12,425
RB MORTGAGE LLC 30 6.45% $6,351
Ameris Bank 29 6.07% $9,614
PRIMARY RESIDENTIAL MORTGAGE, INC. 29 6.80% $9,460
Encompass Lending Group, LP 29 6.74% $11,628
American Mortgage & Equity Consultants, Inc. 29 6.59% $12,497
FC LENDING, LTD. 27 5.71% $7,743
NFM, INC. 26 6.81% $14,311
FBC MORTGAGE, LLC 25 6.09% $8,101
Ixonia Bank 25 6.73% $11,559
Strong Home Mortgage, LLC 24 5.94% $10,791
The Central Trust Bank 24 5.55% $10,466
OPEN MORTGAGE, LLC 24 6.66% $8,050
SOUTHERN LENDING SERVICES, LTD. 24 5.43% $7,793
SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C 23 5.99% $15,978
Bank of England 23 6.35% $13,492
HOME FINANCING UNLIMITED, INC. 23 5.83% $9,849
FIRST CENTENNIAL MORTGAGE CORPORATION 23 6.40% $6,348
NEW DAY FINANCIAL, LLC 23 7.22% $9,230
TOWNE MORTGAGE COMPANY 22 6.55% $12,722
NATIONS DIRECT MORTGAGE, LLC 22 6.57% $11,407
CALIBER HOME LOANS, INC. 22 6.06% $11,591
CANOPY MORTGAGE, LLC 22 6.23% $15,248
HOMETRUST MORTGAGE COMPANY 21 6.30% $9,396
SOUTHWEST STAGE FUNDING, LLC 21 6.57% $3,021
Prosperity Bank 21 6.41% $8,924
SeaTrust Mortgage Company 20 6.50% $9,969
ASSOCIATED MORTGAGE CORPORATION 20 6.56% $7,959
HALLMARK HOME MORTGAGE, LLC 18 6.67% $9,139
AMERICAN FINANCIAL RESOURCES, INC. 18 6.73% $10,352
First Federal Bank 18 6.38% $9,292
Independent Bank 17 6.34% $6,810
The Loan Store, Inc. 17 6.12% $11,450
GoPrime Mortgage, Inc. 17 6.74% $9,451
Affiliated Bank 17 6.64% $12,502
Northpointe Bank 17 6.12% $9,723
TJC Mortgage, Inc. 16 6.42% $16,587
Cornerstone First Mortgage, Inc 16 6.37% $19,951
CITY FIRST MORTGAGE SERVICES, L.L.C. 16 7.04% $9,678
AmeriHome Mortgage Company, LLC 16 6.45% $8,676
North American Savings Bank, F.S.B. 16 5.94% $9,388
Colonial Savings, F.A. 15 6.21% $12,262
Extraco Banks 15 6.43% $13,964
Renasant Bank 15 6.21% $11,506
BOKF 15 6.18% $10,564
Commercial Bank of Texas 15 6.35% $8,133
CALCON MUTUAL MORTGAGE LLC 14 6.87% $11,885
UNION SQUARE 14 6.88% $7,360
AXIA FINANCIAL, LLC 14 6.20% $11,588
NexBank 13 6.32% $8,543
MICHIGAN MUTUAL, INC. 13 5.78% $14,201
FIRST COMMUNITY MORTGAGE, INC. 13 6.29% $10,263
FIRST CONTINENTAL MORTGAGE, LTD. 13 5.69% $4,438
VAN DYK MORTGAGE CORPORATION 12 6.56% $12,767
BARTON CREEK LENDING GROUP, LLC 12 6.61% $11,461
RESIDENTIAL BANCORP 12 6.50% $12,098
PREMIER MORTGAGE RESOURCES, L.L.C. 11 6.85% $14,313
AMERICAN PORTFOLIO MORTGAGE CORPORATION 11 6.75% $9,923
LAKEVIEW LOAN SERVICING, LLC 11 5.76% $10,978
GSF Mortgage Corporation 11 5.99% $9,889
UNIVERSITY Federal Credit Union 11 6.05% $9,716
OCMBC, INC. 11 6.61% $8,253
NBH Bank 11 5.93% $7,147
First Savings Bank 10 6.30% $10,758
PREMIER LENDING, INC. 10 6.63% $9,136
First State Bank 10 6.60% $11,490
HOMESPIRE MORTGAGE CORPORATION 10 6.58% $11,190
LRS FINANCIAL NETWORK, INC. 10 6.14% $12,461
HomePromise Corporation 10 7.68% $8,215
ZILLOW HOME LOANS, LLC 10 6.35% $9,248
TBI MORTGAGE COMPANY 9 5.90% $7,075
MATTAMY HOME FUNDING, LLC 9 5.75% $9,196
Centennial Bank 9 6.69% $9,920
INTERCAP LENDING INC. 9 6.50% $6,726
First United Bank 9 6.65% $8,448
Alcova Mortgage LLC 9 6.75% $10,246
Alliance Credit Union 8 5.92% $9,218
Presidential Bank, FSB 8 5.98% $13,720
CASTLE & COOKE MORTGAGE, LLC 8 6.20% $12,769
RESIDENTIAL HOME FUNDING CORP. 8 5.69% $8,969
Carrington Mortgage Services, LLC 8 6.27% $7,230
Credence Funding Corporation 8 5.69% $7,730
HOMEOWNERS FINANCIAL GROUP USA, LLC 8 6.45% $20,462
MEMBER FIRST MORTGAGE, LLC 8 6.31% $8,324
Florida Capital Bank 8 6.53% $10,302
FirstLight Federal Credit Union 8 5.97% $5,997
Keystone Funding, Inc. 8 6.37% $9,720
Farmers Bank & Trust 7 5.57% $7,067
GIBRALTAR MORTGAGE SERVICES, LLC 7 5.86% $8,663
TIB The Independent Bankersbank 7 6.38% $7,019
PACIFIC RESIDENTIAL MORTGAGE, LLC 7 6.39% $8,973
SIRVA MORTGAGE, INC. 7 6.61% $6,328
NOVA FINANCIAL & INVESTMENT CORPORATION 7 6.38% $8,901
JMAC LENDING, INC. 7 6.68% $9,733
BM Real Estate Services, Inc. 7 6.34% $10,627
PANORAMA MORTGAGE GROUP, LLC 7 6.39% $10,445
MORTGAGE ACCESS CORP. 7 6.36% $15,133
Southwest Bank 7 6.82% $8,228
Truist 7 5.94% $12,706
Bank of America 7 5.91% $8,462
HOMEAMERICAN MORTGAGE CORPORATION 7 5.36% $938
TEXAS DOW EMPLOYEES CREDIT UNION 7 6.55% $10,163
RESIDENTIAL WHOLESALE MORTGAGE, INC. 6 6.42% $8,979
CONTOUR MORTGAGE CORPORATION 6 6.29% $8,114
Community First National Bank 6 6.46% $11,596
Regions Bank 6 6.40% $12,693
Vellum Mortgage, Inc. 6 6.08% $7,181
MASON MCDUFFIE MORTGAGE CORPORATION 6 6.65% $7,040
ASPIRE FINANCIAL, INC. 6 5.98% $11,414
First Horizon Bank 6 6.04% $10,156
Watermark Capital, Inc. 6 5.88% $12,748
GMFS LLC 6 7.15% $7,416
Loan Simple, Inc. 5 5.70% $16,806
Origin Bank 5 5.80% $8,525
University Bank 5 6.05% $11,076
Jefferson Bank 5 5.86% $6,766
Sierra Pacific Mortgage Company, Inc. 5 6.10% $13,236
MOUNTAIN WEST FINANCIAL, INC. 5 6.95% $5,043
Shea Mortgage Inc. 5 6.00% $4,976
Goldwater Bank, N.A. 5 6.78% $16,454
State Bank of De Kalb 5 5.90% $5,597
PNC Bank 5 6.18% $4,389
Performance Financial, Inc. 5 6.68% $12,575
ML Mortgage Corp. 5 6.75% $20,787
First Option Mortgage, LLC 5 6.73% $12,114
MORIA DEVELOPMENT, INC. 5 6.08% $20,317
US MORTGAGE CORPORATION 5 6.53% $11,528
AMERICAN FINANCING CORPORATION 4 6.41% $10,266
Assurance Financial Group, L.L.C. 4 6.28% $11,844
MLB RESIDENTIAL LENDING, LLC 4 6.66% $14,108
Arvest Bank 4 6.28% $10,498
EMBRACE HOME LOANS, INC. 4 5.68% $11,394
ENCORE BANK 4 6.03% $11,296
TruHome Solutions, LLC 4 6.44% $6,287
Paramount Bank 4 7.19% $9,598
Red River Bank 4 6.44% $7,239
Zions Bank 3 6.13% $9,855
Academy Bank 3 6.04% $10,593
American Bank of Commerce 3 6.25% $18,239
American Momentum Bank 3 5.88% $7,345
Bell Bank 3 5.88% $12,491
CITYWIDE HOME LOANS, LLC 3 6.13% $16,099
COMPASS MORTGAGE, INC. 3 6.50% $9,509
ENDEAVOR CAPITAL, LLC. 3 6.71% $8,472
FirstBank 3 6.25% $6,988
First National Bank 3 6.38% $13,459
First National Bank of Omaha 3 6.29% $20,612
GREENSTATE CREDIT UNION 3 6.04% $6,891
GUARANTY HOME MORTGAGE CORPORATION 3 6.21% $13,826
HOMESTEAD FUNDING CORP. 3 6.33% $6,406
Hometown Equity Mortgage, LLC 3 6.58% $13,924
Integrity Home Mortgage Corp 3 6.75% $6,624
INTELLILOAN, INC. 3 6.33% $3,889
Midwest Mortgage Associates Corporation 3 6.25% $5,729
NATIONWIDE MORTGAGE BANKERS, INC. 3 6.25% $16,988
NEW FED MORTGAGE, CORP. 3 5.88% $15,152
STOCKTON MORTGAGE CORPORATION 3 6.42% $11,145
Stride Bank 3 6.29% $12,480
Trustmark National Bank 3 6.00% $15,262
United Fidelity Funding Corp. 3 6.83% $8,104
VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.29% $5,078
Victorian Finance, LLC 3 7.33% $8,562
GERSHMAN INVESTMENT CORP. 2 6.31% $5,164
AHL FUNDING 2 6.00% $7,183
Lone Star National Bank 2 6.75% $4,921
Hancock Whitney Bank 2 6.06% $15,649
JMJ FINANCIAL GROUP 2 5.38% $20,591
FIDELITY BANK 2 6.13% $5,725
First Western Trust Bank 2 6.56% $5,771
FirstTrust Home Loans, Inc. 2 6.31% $17,359
Wyndham Capital Mortgage, Inc. 2 5.94% $5,228
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 7.00% $7,067
United Texas Credit Union 2 6.44% $7,611
EMM LOANS LLC 2 5.81% $6,683
Meridian Bank Corporation 2 5.50% $13,414
RADIUS FINANCIAL GROUP INC. 2 7.38% $5,639
BECKAM FUNDING CORP. 2 7.00% $5,970
DSLD MORTGAGE, LLC 2 5.74% $838
BAYSHORE MORTGAGE FUNDING, LLC 2 6.75% $12,183
BARKSDALE 2 6.81% $10,291
RUOFF MORTGAGE COMPANY, INC. 2 6.94% $6,567
Bank of Colorado 2 6.13% $4,408
Austin Bank, Texas 2 6.19% $13,545
DIRECT MORTGAGE LOANS, LLC 2 7.19% $8,577
Guaranty Bank & Trust, N.A. 2 6.19% $4,699
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.81% $9,683
1ST SIGNATURE LENDING, LLC 2 7.25% $5,404
GROUP MORTGAGE, LLC 2 5.88% $12,880
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.50% $4,576
M&T Bank 2 5.75% $13,154
American Mortgage Bank, LLC 2 7.19% $3,389
Security State Bank & Trust 2 6.94% $4,268
S&S Financial 2 6.50% $7,078
CityWorth Mortgage LLC 2 6.88% $9,060
FIRST COLONY MORTGAGE CORPORATION 2 5.13% $20,909
MLD MORTGAGE INC. 2 6.56% $10,675
ON Q FINANCIAL, INC. 2 6.75% $2,729
Old National Bank 2 5.94% $11,197
Pacific Lending LLC 2 7.00% $6,157
NP, Inc. 2 5.69% $5,343
NJ LENDERS CORP. 2 5.69% $9,440
First National Bank and Trust Company 1 5.13% $9,862
First Internet Bank of Indiana 1 5.49% $4,101
First International Bank & Trust 1 5.25% $10,107
Southside Bank 1 7.13% $14,630
First Federal Bank of Kansas City 1 6.13% $12,243
First Community Bank 1 5.75% $10,704
Stifel Bank and Trust 1 5.75% $3,154
Willamette Valley Bank 1 6.75% $3,997
First-Citizens Bank & Trust Company 1 5.75% $4,151
FINANCIAL CONCEPTS MORTGAGE, LLC 1 6.25% $272
Fifth Third Bank 1 5.88% $1,202
Exchange Bank 1 5.63% $4,360
Evolve Bank & Trust 1 6.38% $12,306
Eagle Bank and Trust Company 1 5.75% $19,842
Texas Mortgage Lending, LLC 1 6.63% $16,028
D. L. Evans Bank 1 5.25% $12,067
NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $14,325
DELMAR FINANCIAL COMPANY 1 6.13% $547
THOMPSON KANE & COMPANY, LLC 1 6.38% $11,009
CRESCENT MORTGAGE COMPANY 1 5.75% $7,354
Core Bank 1 5.75% $6,049
TOTAL MORTGAGE SERVICES, LLC 1 6.63% $5,878
Towne Bank 1 5.63% $11,587
City National Bank of Florida 1 7.13% $28,555
Citizens Bank of Las Cruces 1 6.25% $10,130
Citibank 1 5.75% $7,215
Chickasaw Community Bank 1 6.50% $5,488
CHARTER WEST BANK 1 4.75% $5,961
Acre Mortgage and Financial Inc 1 6.13% $16,773
CBM Mortgage, Inc. 1 6.25% $10,688
CAPITAL CONCEPTS, INC. 1 7.00% $9,192
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.88% $12,299
Cambria Financial Group, LLC 1 4.99% $6,089
UNIVERSAL MORTGAGE & FINANCE, INC. 1 7.25% $12,586
BELEM SERVICING LLC 1 7.00% $1,990
BAY-VALLEY MORTGAGE GROUP 1 5.75% $17,249
AAXY L.L.C. 1 6.13% $10,245
Atlantic Union Bank 1 6.25% $6,134
VeraBank 1 7.75% $6,507
VERITAS FUNDING, LLC 1 5.99% $6,516
Atlantic Coast Mortgage, LLC 1 5.25% $7,392
ASCENT HOME LENDING, LLC 1 6.25% $10,392
ALLIED MORTGAGE GROUP, INC. 1 7.63% $5,943
ALAMEDA MORTGAGE CORPORATION 1 6.13% $7,615
WesBanco 1 5.00% $7,199
WESTSTAR MORTGAGE CORPORATION 1 5.75% $15,490
ONY GLO, INC. 1 5.25% $13,688
The Huntington National Bank 1 5.88% $28,569
NASA Federal Credit Union 1 6.13% $25,082
MORTGAGE EQUITY PARTNERS LLC 1 6.99% $11,240
MOBILOIL 1 7.13% $6,171
MidFirst Bank 1 5.63% $17,433
METROPLEX MORTGAGE SERVICES, INC. 1 7.75% $27,263
Platinum Home Mortgage Corporation 1 7.25% $7,410
MEGASTAR FINANCIAL CORP. 1 6.25% $25,611
POINT Mortgage 1 5.13% $3,272
LOANPAL, LLC 1 5.00% $15,359
LOANFLIGHT LENDING, LLC 1 6.25% $11,488
Lincoln Savings Bank 1 6.63% $3,553
LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $3,344
Preston Home Loans Inc 1 6.75% $7,771
LHM FINANCIAL CORPORATION 1 5.75% $9,069
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $14,324
Princeton Mortgage Corporation 1 7.25% $8,119
LADERA LENDING, INC. 1 6.00% $13,884
KeyBank 1 6.25% $13,381
KELLER MORTGAGE, LLC 1 4.88% $12,034
Inwood National Bank 1 5.63% $15,503
RANLIFE, INC. 1 6.75% $14,595
R Bank 1 6.50% $12,213
INTERCOASTAL MORTGAGE COMPANY 1 5.75% $10,060
HOMEXPRESS MORTGAGE CORP. 1 7.00% $2,852
HOMEWAY MORTGAGE LLC 1 6.63% $5,686
RELIANCE FIRST CAPITAL, LLC 1 7.25% $3,836
HOMESTAR FINANCIAL CORPORATION 1 6.63% $9,682
HOME FUNDING CORPORATION 1 6.50% $16,580
HighTechLending Inc 1 7.13% $21,077
Hamilton Mortgage Corporation 1 6.75% $8,523
RESOURCE FINANCIAL SERVICES, INC. 1 7.25% $17,059
Gulf Coast Bank and Trust Company 1 6.13% $10,058
Golden Empire Mortgage, Inc. 1 6.63% $5,390
Semper Home Loans, Inc. 1 7.00% $23,421
F&M Bank 1 5.63% $12,075
F & M Bank 1 5.25% $5,000
SHELTER HOME MORTGAGE, LLC 1 6.75% $11,410
SIWELL, INC. 1 6.25% $9,395

The top Texas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5,442 VA loans originated. Their average total fees are $7,629, which is $544 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Texas VA lenders (with over 10 loans originated) are SOUTHWEST STAGE FUNDING, LLC ($3,021), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,104), EAGLE HOME MORTGAGE, LLC ($4,328), FIRST CONTINENTAL MORTGAGE, LTD. ($4,438) and CHERRY CREEK MORTGAGE, LLC ($4,568).

The lowest rate Texas VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.73%), DHI MORTGAGE COMPANY, LTD. (5.28%), INSPIRE HOME LOANS INC. (5.36%), SOUTHERN LENDING SERVICES, LTD. (5.43%) and BNC National Bank (5.47%).

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.