Texas VA Loan Rates, Closing Costs & Stats

Texas

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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.

    Texas VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Texas averaged 6.56% for the week of 2023-12-08, compared to the national average (all VA variants) of 6.544% for the same period.

    Texas's average VA mortgage closing costs are $6,360.

    The average rate for the prior week (2023-12-01) was 6.36% and one month ago for the week of 2023-11-03, the average rate was 6.99%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2023-12-08, the average rate was 5.48%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 6,709 5.07% $8,469
    DHI MORTGAGE COMPANY, LTD. 2,933 4.21% $8,930
    NAVY FEDERAL CREDIT UNION 1,981 4.13% $8,042
    UNITED WHOLESALE MORTGAGE, LLC 1,965 4.62% $8,669
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,899 4.92% $9,269
    USAA Federal Savings Bank 1,386 4.45% $9,655
    QUICKEN LOANS, LLC 1,205 4.14% $11,188
    LOANDEPOT.COM, LLC 1,171 4.61% $11,471
    EAGLE HOME MORTGAGE, LLC 1,078 4.36% $5,310
    AMERICAN PACIFIC MORTGAGE CORPORATION 968 4.90% $10,800
    PENNYMAC LOAN SERVICES, LLC 940 3.13% $7,550
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 820 4.76% $8,745
    AMCAP MORTGAGE, LTD. 783 4.97% $12,493
    GUARANTEED RATE, INC. 777 4.86% $8,541
    PRIMELENDING, A PLAINSCAPITAL COMPANY 759 4.77% $11,938
    CMG MORTGAGE, INC. 655 4.86% $12,347
    FREEDOM MORTGAGE CORPORATION 644 4.16% $7,903
    CARDINAL FINANCIAL 574 4.98% $13,423
    Gateway First Bank 538 4.65% $9,483
    PULTE MORTGAGE LLC 530 4.73% $6,229
    CORNERSTONE HOME LENDING, INC. 524 4.93% $8,973
    GUILD MORTGAGE COMPANY 495 4.98% $12,581
    CALIBER HOME LOANS, INC. 475 4.37% $10,506
    MOVEMENT MORTGAGE, LLC 467 4.86% $10,464
    EVERETT FINANCIAL, INC. 448 5.07% $7,943
    SWBC MORTGAGE CORPORATION 427 4.92% $10,144
    CROSSCOUNTRY MORTGAGE, LLC 399 5.20% $11,975
    MORTGAGE SOLUTIONS OF COLORADO, LLC 382 5.84% $8,794
    PENTAGON FEDERAL CREDIT UNION 377 3.65% $7,481
    HOME POINT FINANCIAL CORPORATION 328 4.43% $10,210
    KBHS HOME LOANS, LLC 325 4.59% $11,328
    Mr. Cooper ( Nationstar Mortgage ) 320 3.39% $5,094
    Flagstar Bank, FSB 313 4.26% $10,011
    THRIVE MORTGAGE, LLC 311 4.79% $13,390
    Wells Fargo Bank 307 4.09% $6,983
    VELOCIO MORTGAGE L.L.C. 291 4.68% $8,696
    Rocky Mountain Mortgage Company 280 4.84% $6,150
    First National Bank Texas 277 4.86% $9,321
    SFMC, LP 249 4.83% $14,873
    CRESTMARK MORTGAGE COMPANY, LTD. 240 4.69% $10,669
    BROKER SOLUTIONS, INC. 234 4.94% $10,119
    CLM MORTGAGE, INC 225 4.74% $7,294
    INTERLINC MORTGAGE SERVICES, LLC 225 4.61% $11,029
    MORTGAGE FINANCIAL SERVICES, LLC 220 4.69% $10,259
    M/I FINANCIAL, LLC 218 4.53% $12,518
    NATIONS RELIABLE LENDING, LLC 215 4.95% $11,708
    Paramount Residential Mortgage Group, Inc. 204 4.84% $10,893
    First United Bank and Trust Company 185 4.77% $12,237
    ACADEMY MORTGAGE CORPORATION 175 5.06% $10,611
    Barrington Bank & Trust Company, N.A. 166 4.62% $7,904
    GUARANTEED RATE AFFINITY, LLC 163 4.66% $8,456
    HOMESIDE FINANCIAL, LLC 161 4.75% $10,441
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 157 4.81% $12,792
    LAKEVIEW LOAN SERVICING, LLC 156 2.90% $3,696
    Commerce Home Mortgage, Inc. 154 4.61% $9,958
    Network Funding, L.P. 153 4.97% $11,819
    First Financial Bank 153 4.61% $9,813
    PLANET HOME LENDING, LLC 150 4.07% $7,772
    NEWREZ LLC 144 4.20% $7,680
    INSPIRE HOME LOANS INC. 143 4.71% $8,001
    City Bank 141 4.78% $9,981
    CHERRY CREEK MORTGAGE, LLC 139 4.88% $5,309
    WILLOW BEND MORTGAGE COMPANY, LLC 133 4.79% $9,928
    Equity Prime Mortgage LLC 126 5.50% $9,000
    Republic State Mortgage Co. 122 4.83% $11,202
    V.I.P. MORTGAGE, INC. 121 4.82% $10,523
    Mid-Continent Funding, Inc. 121 5.06% $10,140
    CERTAINTY HOME LOANS, LLC 121 4.41% $10,719
    NBKC BANK 120 4.24% $8,603
    South Pacific Financial Corporation 114 4.41% $14,192
    AMERISAVE MORTGAGE CORPORATION 111 4.41% $11,007
    HOMEBRIDGE FINANCIAL SERVICES, INC. 110 4.53% $9,859
    MID AMERICA MORTGAGE, INC. 108 4.51% $9,190
    MUTUAL OF OMAHA MORTGAGE, INC. 108 4.72% $11,500
    North American Savings Bank, F.S.B. 108 4.16% $9,718
    Citizens Bank 106 4.43% $9,818
    NEW DAY FINANCIAL, LLC 106 3.68% $9,702
    LEADERONE FINANCIAL CORPORATION 105 5.09% $8,520
    ASPIRE FINANCIAL, INC. 103 4.19% $10,121
    Sunflower Bank 102 4.74% $10,433
    EUSTIS AND AMERICAN MORTGAGE COMPANY 101 4.88% $8,251
    DIRECTIONS EQUITY, LLC 101 4.77% $12,470
    T2 FINANCIAL LLC 100 4.99% $11,153
    BROOKHOLLOW MORTGAGE SERVICES, LTD 99 4.57% $7,866
    Nations Lending Corporation 99 5.11% $8,518
    PLAZA HOME MORTGAGE, INC. 98 4.44% $10,572
    Trinity Oaks Mortgage, LLC 96 4.63% $14,370
    S1L, Inc. 95 4.88% $12,823
    VILLAGE CAPITAL MORTGAGE 95 2.92% $4,099
    Prosperity Home Mortgage, LLC 94 4.64% $12,687
    Town Square Mortgage & Investments, Inc. 93 5.24% $10,435
    SOUTHWEST FUNDING, LP 87 4.94% $14,631
    CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 87 4.89% $10,133
    CLEARPATH LENDING 86 2.91% $4,615
    Armed Forces Bank 86 4.33% $9,892
    Amerifirst Financial, Inc. 84 4.86% $11,619
    ADVISA MORTGAGE SERVICES, LTD. 82 4.54% $12,235
    Hometown Lenders, Inc. 82 4.77% $11,792
    CADENCE LENDING GROUP, INC. 81 4.87% $8,366
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 80 4.49% $6,959
    FIRST CONTINENTAL MORTGAGE, LTD. 79 4.03% $12,667
    Carrington Mortgage Services, LLC 77 4.47% $5,926
    UNION HOME MORTGAGE CORP. 77 4.83% $11,127
    JPMorgan Chase Bank 75 4.42% $7,226
    SECURITYNATIONAL MORTGAGE COMPANY 73 4.89% $14,713
    Lakeview Community Capital, LLC 73 2.88% $3,228
    LEGEND LENDING CORPORATION 72 5.40% $15,592
    BancorpSouth 72 4.57% $9,905
    ANGEL OAK HOME LOANS LLC 72 4.66% $11,159
    Century Mortgage Company DBA Century Lending Company 72 5.28% $11,112
    FLAT BRANCH MORTGAGE, INC. 71 4.73% $9,138
    PILGRIM MORTGAGE LLC 70 5.15% $13,348
    Wallick & Volk, Inc. 69 4.65% $9,035
    FC LENDING, LTD. 68 4.55% $11,380
    FINANCE OF AMERICA MORTGAGE LLC 65 4.41% $9,550
    GREAT WESTERN FINANCIAL SERVICES, INC. 64 4.65% $11,629
    PRIORITY HOME MORTGAGE, L.P. 64 4.46% $11,094
    SUN WEST MORTGAGE COMPANY, INC. 60 4.49% $11,139
    DRAPER AND KRAMER MORTGAGE CORP. 59 4.64% $11,077
    SENTE MORTGAGE, INC. 59 4.34% $13,559
    BNC National Bank 55 4.12% $10,378
    OPEN MORTGAGE, LLC 55 5.12% $8,230
    DAS Acquisition Company, LLC 54 5.30% $9,759
    American National Bank & Trust 53 4.55% $7,077
    PATRIOT MORTGAGE COMPANY 53 4.98% $6,619
    Amarillo National Bank 51 4.53% $7,379
    SOUTHERN LENDING SERVICES, LTD. 51 4.37% $12,755
    SUMMIT FUNDING, INC. 50 5.06% $11,875
    First Bank 50 4.67% $11,639
    Northpointe Bank 49 4.40% $9,654
    The Home Loan Expert LLC 49 4.68% $11,643
    PRIMARY RESIDENTIAL MORTGAGE, INC. 48 5.01% $9,948
    NATIONS DIRECT MORTGAGE, LLC 48 4.60% $9,518
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 46 5.31% $8,175
    PREMIA MORTGAGE, LLC 46 4.35% $8,221
    Plains Commerce Bank 46 5.25% $9,557
    LOANPEOPLE, LLC 45 5.25% $14,308
    Austin Capital Bank SSB 44 4.77% $12,784
    NTFN, INC. 44 4.81% $12,720
    FIRST CENTENNIAL MORTGAGE CORPORATION 43 4.65% $9,184
    GENEVA FINANCIAL, LLC 43 5.38% $12,699
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 42 5.01% $13,556
    First Guaranty Mortgage Corporation 41 3.85% $8,651
    TEXAS TECH 41 5.31% $7,165
    The Federal Savings Bank 40 4.48% $11,242
    U.S. Bank 40 4.72% $10,579
    NFM, INC. 39 5.41% $15,809
    SOUTHWEST STAGE FUNDING, LLC 39 5.17% $5,189
    First Bank & Trust 39 5.02% $6,679
    SUCCESS MORTGAGE PARTNERS, INC. 38 5.40% $14,935
    CHURCHILL MORTGAGE CORPORATION 38 4.51% $13,786
    HOMETRUST MORTGAGE COMPANY 38 4.72% $9,048
    LHM FINANCIAL CORPORATION 38 4.92% $12,591
    FBC MORTGAGE, LLC 37 4.68% $8,817
    Waterstone Mortgage Corporation 37 5.30% $10,482
    Bank of England 36 4.48% $13,293
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 34 5.15% $17,780
    Strong Home Mortgage, LLC 34 3.96% $9,287
    Credence Funding Corporation 34 2.78% $3,376
    The Central Trust Bank 34 4.18% $9,773
    NP, Inc. 32 2.54% $5,494
    ENVOY MORTGAGE, LTD 32 5.16% $10,724
    CANOPY MORTGAGE, LLC 32 4.87% $11,767
    FIRST EQUITY MORTGAGE INCORPORATED 31 4.08% $11,772
    RB MORTGAGE LLC 31 4.48% $8,896
    BAY EQUITY LLC 30 5.30% $10,884
    GIBRALTAR MORTGAGE SERVICES, LLC 28 4.62% $11,271
    AMERICA'S CHOICE HOME LOANS LP 28 5.10% $9,501
    KELLER MORTGAGE, LLC 27 4.48% $8,041
    Independent Bank 27 4.81% $9,740
    MORTGAGEONE, INC. 27 5.41% $8,193
    AMERICAN FINANCING CORPORATION 27 3.30% $8,440
    Low VA Rates, LLC 26 4.88% $10,856
    HOME FINANCING UNLIMITED, INC. 26 4.23% $16,324
    ZILLOW HOME LOANS, LLC 25 5.02% $9,845
    Neighborhood Loans, Inc. 25 5.33% $11,333
    Magnolia Bank 24 4.79% $9,768
    LEGACY MORTGAGE LLC 24 5.11% $12,010
    Encompass Lending Group, LP 23 5.39% $11,350
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C 23 4.48% $13,876
    TJC Mortgage, Inc. 21 3.93% $9,677
    Bank of America 21 4.18% $9,526
    THE MORTGAGE LINK, INC. 20 5.41% $14,007
    Watermark Capital, Inc. 20 4.07% $12,455
    BOKF 19 4.53% $10,700
    LOANPAL, LLC 19 3.00% $8,671
    TOWNE MORTGAGE COMPANY 19 4.06% $9,914
    PANORAMA MORTGAGE GROUP, LLC 19 5.02% $14,585
    PREMIER MORTGAGE RESOURCES, L.L.C. 19 5.29% $10,208
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 18 4.57% $13,590
    Centennial Bank 18 4.07% $11,007
    HANCOCK MORTGAGE PARTNERS, LLC 18 4.92% $14,729
    CALCON MUTUAL MORTGAGE LLC 16 5.15% $12,763
    Commercial Bank of Texas 15 4.51% $6,363
    Wyndham Capital Mortgage, Inc. 15 3.99% $8,529
    CITY FIRST MORTGAGE SERVICES, L.L.C. 15 5.48% $12,981
    Colonial Savings, F.A. 15 5.19% $11,970
    AMERICAN FINANCIAL RESOURCES, INC. 15 5.00% $6,836
    First United Bank 15 4.43% $7,618
    Truist 15 4.37% $9,922
    NBH Bank 14 4.96% $13,548
    NexBank 14 4.57% $9,824
    Regions Bank 14 4.81% $9,143
    First Mortgage Solutions, LLC 14 3.33% $12,230
    SIRVA MORTGAGE, INC. 14 4.47% $9,205
    ASSOCIATED MORTGAGE CORPORATION 13 4.97% $9,592
    LRS FINANCIAL NETWORK, INC. 13 4.14% $9,777
    Goldwater Bank, N.A. 13 4.93% $10,068
    Affiliated Bank 13 4.84% $10,421
    Cornerstone First Mortgage, Inc 13 5.52% $9,146
    First Home Bank 12 4.06% $11,763
    PREMIER LENDING, INC. 12 5.45% $9,795
    First State Bank 12 5.02% $8,524
    Origin Bank 12 4.90% $11,016
    THE MORTGAGE FIRM, INC. 12 4.26% $11,904
    VAN DYK MORTGAGE CORPORATION 12 5.23% $8,717
    INTERCAP LENDING INC. 12 3.93% $9,165
    Wolfe Financial, Inc 11 6.14% $6,159
    Stride Bank 11 5.20% $13,347
    Southwest Bank 11 4.98% $7,983
    Guaranty Bank & Trust, N.A. 11 4.75% $9,144
    NETWORK CAPITAL FUNDING CORPORATION 11 3.40% $3,640
    TEXAS DOW EMPLOYEES CREDIT UNION 10 4.80% $8,379
    BARTON CREEK LENDING GROUP, LLC 10 4.74% $7,420
    Jefferson Bank 10 4.33% $12,074
    OCMBC, INC. 10 5.66% $11,492
    STOCKTON MORTGAGE CORPORATION 10 5.39% $11,263
    GSF Mortgage Corporation 10 5.31% $10,319
    Prosperity Bank 10 4.69% $13,879
    CASTLE & COOKE MORTGAGE, LLC 9 4.97% $9,182
    HOMESPIRE MORTGAGE CORPORATION 9 4.99% $8,521
    Community First National Bank 9 5.03% $12,926
    Assurance Financial Group, L.L.C. 9 4.67% $8,791
    Loan Simple, Inc. 9 4.72% $9,229
    Florida Capital Bank 9 4.79% $10,181
    TBI MORTGAGE COMPANY 9 3.88% $8,276
    MORIA DEVELOPMENT, INC. 9 5.14% $13,370
    American Bank of Commerce 8 5.84% $6,316
    First Horizon Bank 8 4.97% $12,932
    HAMILTON HOME LOANS, INC. 8 4.67% $8,846
    HOMEOWNERS FINANCIAL GROUP USA, LLC 8 4.66% $17,171
    VANDERBILT MORTGAGE AND FINANCE, INC. 8 5.38% $12,443
    M&T Bank 8 3.86% $8,709
    OVM FINANCIAL, INC. 8 5.50% $9,376
    Extraco Banks 7 5.20% $6,856
    RESIDENTIAL BANCORP 7 4.52% $7,630
    MEMBER FIRST MORTGAGE, LLC 7 4.70% $9,558
    GMFS LLC 7 5.00% $5,615
    First National Bank 7 4.52% $9,175
    UNION SQUARE 7 5.23% $8,078
    Paramount Bank 7 3.88% $15,245
    MANN FINANCIAL INC. 6 4.52% $7,603
    First Western Trust Bank 6 4.69% $13,778
    Ameris Bank 6 4.69% $9,769
    GUARANTY HOME MORTGAGE CORPORATION 6 4.46% $9,867
    State Bank of De Kalb 6 4.96% $7,498
    MICHIGAN MUTUAL, INC. 6 5.40% $22,653
    First Federal Bank of Kansas City 6 3.67% $11,310
    COMPASS MORTGAGE, INC. 6 5.02% $9,071
    Alliance Credit Union 6 4.96% $5,928
    JMAC LENDING, INC. 6 4.88% $8,365
    First Savings Bank 6 5.15% $12,412
    Ixonia Bank 6 6.75% $14,224
    ON Q FINANCIAL, INC. 5 3.88% $8,456
    UNIVERSITY LENDING GROUP, LLC 5 5.13% $17,881
    PNC Bank 5 4.28% $7,272
    JMJ FINANCIAL GROUP 5 4.88% $12,990
    Midwest Mortgage Associates Corporation 5 5.80% $10,318
    MORTGAGE ACCESS CORP. 5 4.25% $12,669
    AXIA FINANCIAL, LLC 5 5.50% $11,344
    EMBRACE HOME LOANS, INC. 5 4.12% $10,513
    Evolve Bank & Trust 5 4.58% $6,835
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 5.12% $11,852
    R Bank 5 4.68% $6,355
    RANLIFE, INC. 5 4.72% $14,567
    FirstBank 5 3.63% $4,186
    UNITED MORTGAGE CORP 4 4.75% $14,698
    Trustmark National Bank 4 5.25% $10,832
    SIWELL, INC. 4 3.66% $7,235
    ARC HOME LLC 4 3.25% $7,571
    DIRECT MORTGAGE LOANS, LLC 4 4.84% $14,002
    RELIANCE FIRST CAPITAL, LLC 4 4.81% $5,480
    MATTAMY HOME FUNDING, LLC 4 4.53% $17,897
    Southside Bank 4 4.28% $16,641
    Farmers Bank & Trust Company 4 4.31% $4,955
    Inwood National Bank 4 3.59% $11,211
    Capital Bank 4 4.31% $11,204
    FirstLight Federal Credit Union 4 4.71% $5,571
    Security State Bank & Trust 4 4.94% $6,997
    Shea Mortgage Inc. 4 4.88% $4,090
    American Bank of Oklahoma 4 4.41% $12,960
    HOMESTEAD FUNDING CORP. 4 4.28% $7,093
    HOMESTAR FINANCIAL CORPORATION 4 5.88% $10,617
    CONTOUR MORTGAGE CORPORATION 4 4.03% $9,768
    Lend Smart Mortgage, LLC 4 5.72% $12,301
    Pacific Lending LLC 3 4.67% $12,852
    PHH Mortgage Corporation 3 4.33% $11,663
    International Bank of Commerce 3 5.46% $9,376
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 5.08% $6,538
    Sierra Pacific Mortgage Company, Inc. 3 5.04% $15,582
    JET HOMELOANS, LLC 3 5.71% $7,913
    Servion, Inc. 3 4.29% $4,579
    Prime Choice Funding Inc. 3 2.83% $4,953
    SeaTrust Mortgage Company 3 6.79% $7,946
    Austin Bank, Texas 3 4.29% $9,035
    VeraBank 3 5.40% $6,629
    1ST PREFERENCE MORTGAGE CORP. 3 5.00% $7,243
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 5.75% $10,128
    Willamette Valley Bank 3 5.50% $9,742
    LADERA LENDING, INC. 3 4.46% $6,772
    Texana Bank 3 2.88% $11,678
    FIDELITY BANK 3 5.08% $10,283
    NATIONWIDE MORTGAGE BANKERS, INC. 3 5.50% $6,077
    AmRes Corporation 3 4.17% $7,198
    United Fidelity Funding Corp. 3 5.42% $7,160
    Zions Bank 3 3.29% $14,704
    Eagle Bank and Trust Company 3 4.21% $6,293
    GSB MORTGAGE, INC. 3 4.21% $9,562
    Academy Bank 3 4.29% $18,378
    Great Plains National Bank 3 4.96% $12,786
    Golden Empire Mortgage, Inc. 3 4.17% $7,974
    CITYWIDE HOME LOANS, LLC 3 5.96% $15,355
    DELMAR FINANCIAL COMPANY 2 3.87% $5,997
    1ST SIGNATURE LENDING, LLC 2 4.94% $12,134
    Acre Mortgage and Financial Inc 2 5.00% $16,156
    ALAMEDA MORTGAGE CORPORATION 2 5.56% $15,466
    Alcova Mortgage LLC 2 5.88% $16,601
    AMERICAN INTERNET MORTGAGE, INC. 2 4.56% $14,870
    American Momentum Bank 2 4.00% $17,976
    American Mortgage & Equity Consultants, Inc. 2 4.62% $2,343
    Arvest Bank 2 3.88% $14,167
    BELEM SERVICING LLC 2 6.44% $9,663
    Chambers Bank 2 4.19% $12,643
    Citizens Bank of Las Cruces 2 4.38% $9,498
    CityWorth Mortgage LLC 2 3.94% $2,779
    FIRST COMMUNITY MORTGAGE, INC. 2 3.69% $8,278
    First Internet Bank of Indiana 2 4.69% $10,211
    First National Bank of Omaha 2 3.75% $11,402
    F&M Bank 2 3.69% $19,054
    Franklin Loan Corporation 2 4.81% $10,466
    HALLMARK HOME MORTGAGE, LLC 2 6.69% $11,115
    Hometown Equity Mortgage, LLC 2 4.63% $4,980
    INTERCOASTAL MORTGAGE COMPANY 2 3.81% $22,995
    MASON MCDUFFIE MORTGAGE CORPORATION 2 5.50% $9,853
    Meridian Bank Corporation 2 3.56% $6,867
    MidFirst Bank 2 3.50% $9,165
    PLUS RELOCATION MORTGAGE, LLC 2 6.25% $7,869
    Semper Home Loans, Inc. 2 4.63% $7,672
    STANDARD MORTGAGE CORPORATION 2 2.81% $5,292
    STEARNS LENDING, LLC 2 3.13% $7,584
    UMB Bank 2 4.88% $11,675
    University Bank 2 5.88% $1,845
    Victorian Finance, LLC 2 4.81% $18,102
    Premium Mortgage Corporation 1 5.63% $2,210
    Sabine State Bank and Trust Company 1 3.63% $7,434
    Platinum Home Mortgage Corporation 1 4.75% $11,260
    Peoples Bank 1 4.63% $26,250
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $5,777
    American Mortgage Bank, LLC 1 6.75% $18,933
    ONY GLO, INC. 1 4.25% $5,747
    OCEANSIDE MORTGAGE COMPANY 1 5.13% $6,410
    NASA Federal Credit Union 1 2.75% $11,368
    MOUNTAIN WEST FINANCIAL, INC. 1 4.50% $7,630
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 5.75% $16,932
    Simmons Bank 1 5.38% $3,711
    MOBILOIL 1 6.00% $4,686
    METROPLEX MORTGAGE SERVICES, INC. 1 6.25% $5,630
    MEMBER HOME LOAN, L.L.C. 1 4.25% $11,747
    MEGASTAR FINANCIAL CORP. 1 3.75% $6,768
    LOANFLIGHT LENDING, LLC 1 4.50% $5,179
    LIBERTY HOME MORTGAGE CORPORATION 1 6.00% $0
    KINECTA 1 4.75% $10,757
    KeyBank 1 4.75% $4,923
    J. VIRGIL, INC. 1 5.63% $10,408
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.25% $2,258
    AMERICAN ADVISORS GROUP 1 3.13% $3,568
    iCore Lending, Inc. 1 5.00% $8,696
    ALTRA 1 5.99% $3,085
    Home Federal Bank 1 4.50% $10,604
    HOME APPROVALS DIRECT, INC. 1 4.63% $22,037
    HOMEAMERICAN MORTGAGE CORPORATION 1 5.38% $0
    HighTechLending Inc 1 3.75% $4,845
    HIGHLAND HOMELOANS, LLC 1 5.25% $11,476
    Hawthorn Bank 1 4.99% $3,583
    GROUP MORTGAGE, LLC 1 5.00% $14,516
    Great Southern Bank 1 5.75% $10,412
    GoPrime Mortgage, Inc. 1 6.25% $4,841
    FIRST STATE MORTGAGE SERVICES, LLC 1 4.13% $8,625
    First Option Mortgage, LLC 1 3.25% $6,473
    First Liberty Bank 1 5.75% $10,677
    Texas Regional Bank 1 3.25% $4,636
    First International Bank & Trust 1 4.38% $19,961
    The Camden National Bank 1 5.75% $14,369
    First Federal Bank 1 3.50% $13,135
    THE EQUITABLE MORTGAGE CORPORATION 1 4.25% $26,991
    First Bank 1 3.50% $14,494
    Firstar Bank 1 3.25% $17,420
    The Huntington National Bank 1 4.88% $2,979
    Fidelity Bank 1 4.13% $2,213
    Farmers & Stockmens Bank 1 4.25% $11,946
    The Union Bank Company 1 3.13% $8,056
    ENDEAVOR CAPITAL, LLC. 1 6.63% $7,373
    ENCORE BANK 1 4.75% $16,012
    TOTAL MORTGAGE SERVICES, LLC 1 5.50% $13,313
    Towne Bank 1 6.88% $4,229
    EMM LOANS LLC 1 3.38% $11,498
    EECU 1 5.63% $13,896
    EASTMAN 1 6.88% $5,465
    TruHome Solutions, LLC 1 4.63% $4,201
    DIRECT MORTGAGE, CORP. 1 5.75% $10,388
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.88% $2,827
    AHL FUNDING 1 4.63% $17,347
    1st National Bank 1 4.50% $10,650
    CRESCENT MORTGAGE COMPANY 1 4.50% $3,686
    COMMUNITYAMERICA 1 5.13% $3,944
    Citizens National Bank, N.A. 1 4.75% $9,625
    Cambria Financial Group, LLC 1 5.50% $5,394
    UNIVERSAL LENDING CORPORATION 1 4.13% $6,900
    Advisors Mortgage Group, L.L.C. 1 5.38% $19,317
    BKCO MORTGAGE, LLC 1 3.38% $5,728
    BETTER MORTGAGE CORPORATION 1 5.50% $12,420
    BEST CAPITAL FUNDING 1 4.25% $13,801
    Valley National Bank 1 5.25% $11,942
    Bell Bank 1 4.50% $11,780
    BAYSHORE MORTGAGE FUNDING, LLC 1 2.88% $7,485
    BARKSDALE 1 3.13% $1,392
    Atlantic Union Bank 1 5.88% $19,284
    VERITAS FUNDING, LLC 1 5.13% $10,944
    ACOPIA, LLC 1 4.13% $8,348
    Atlantic Coast Mortgage, LLC 1 6.75% $30,874
    ASSEMBLIES OF GOD Credit Union 1 4.99% $4,461
    Arbor Bank 1 5.00% $13,178
    AmeriHome Mortgage Company, LLC 1 4.99% $2,045
    AMERIFIRST FINANCIAL CORPORATION 1 6.50% $15,171
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 4.50% $5,641
    WESTSTAR MORTGAGE CORPORATION 1 6.25% $21,488
    West Town Bank & Trust 1 4.75% $9,536
    Red River Bank 1 4.63% $13,285
    RCB Bank 1 3.50% $11,433
    Queensborough National Bank & Trust Company 1 6.25% $27,193
    Presidential Bank, FSB 1 3.00% $1,040
    ROYAL UNITED MORTGAGE LLC 1 5.38% $2,758
    RUOFF MORTGAGE COMPANY, INC. 1 4.25% $7,968

    The top Texas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6,709 VA loans originated. Their average total fees are $8,469, which is $460 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Texas VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($3,228), Credence Funding Corporation ($3,376), NETWORK CAPITAL FUNDING CORPORATION ($3,640), LAKEVIEW LOAN SERVICING, LLC ($3,696) and VILLAGE CAPITAL MORTGAGE ($4,099).

    The lowest rate Texas VA lenders (with over 10 loans originated) are NP, Inc. (2.54%), Credence Funding Corporation (2.78%), Lakeview Community Capital, LLC (2.88%), LAKEVIEW LOAN SERVICING, LLC (2.90%) and CLEARPATH LENDING (2.91%).

    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.