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 6.34% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Texas's average VA mortgage closing costs are $5,832.

The average rate for the prior week (2023-01-20) was 5.98% and one month ago for the week of 2022-12-23, the average rate was 6.35%.

The average rate one year ago was 4.04%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.26%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 8,150 2.85% $6,783
FREEDOM MORTGAGE CORPORATION 8,054 2.42% $3,011
QUICKEN LOANS, LLC 4,793 2.39% $4,116
PENNYMAC LOAN SERVICES, LLC 4,218 2.34% $5,779
USAA Federal Savings Bank 2,681 2.84% $5,297
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2,433 3.04% $7,735
DHI MORTGAGE COMPANY, LTD. 2,373 2.73% $7,295
NAVY FEDERAL CREDIT UNION 2,369 2.48% $5,882
LOANDEPOT.COM, LLC 2,151 2.73% $6,864
CALIBER HOME LOANS, INC. 2,049 2.52% $5,179
LAKEVIEW LOAN SERVICING, LLC 1,868 2.46% $3,048
Mr. Cooper ( Nationstar Mortgage ) 1,789 2.74% $3,916
UNITED WHOLESALE MORTGAGE, LLC 1,714 2.51% $5,482
VILLAGE CAPITAL MORTGAGE 1,566 2.39% $3,271
CLEARPATH LENDING 1,521 2.32% $4,207
AMERICAN PACIFIC MORTGAGE CORPORATION 1,327 2.83% $6,848
Gateway First Bank 1,133 2.79% $6,357
AMCAP MORTGAGE, LTD. 1,122 3.14% $9,931
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1,104 2.92% $7,036
Wells Fargo Bank 1,055 2.52% $4,910
GUARANTEED RATE, INC. 999 2.81% $6,776
NEW DAY FINANCIAL, LLC 973 2.44% $5,120
GUILD MORTGAGE COMPANY 897 2.90% $8,180
PRIMELENDING, A PLAINSCAPITAL COMPANY 883 2.99% $9,537
Lakeview Community Capital, LLC 862 2.49% $2,835
EAGLE HOME MORTGAGE, LLC 799 2.86% $5,138
HOME POINT FINANCIAL CORPORATION 789 2.51% $5,747
PENTAGON FEDERAL CREDIT UNION 762 2.33% $3,140
CMG MORTGAGE, INC. 739 2.86% $10,073
CORNERSTONE HOME LENDING, INC. 610 3.09% $7,490
PLANET HOME LENDING, LLC 600 2.60% $3,804
SWBC MORTGAGE CORPORATION 599 3.00% $6,867
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 595 2.94% $8,861
Low VA Rates, LLC 586 2.42% $4,096
MOVEMENT MORTGAGE, LLC 569 2.88% $6,839
PULTE MORTGAGE LLC 521 2.83% $5,467
THRIVE MORTGAGE, LLC 489 2.95% $8,982
AMERICAN FINANCIAL NETWORK, INC. 469 2.59% $9,461
NEWREZ LLC 458 2.61% $4,212
MORTGAGE FINANCIAL SERVICES, LLC 454 2.84% $7,929
MID AMERICA MORTGAGE, INC. 448 2.98% $4,784
BROKER SOLUTIONS, INC. 444 2.66% $6,264
HOMEBRIDGE FINANCIAL SERVICES, INC. 406 2.52% $5,695
First National Bank Texas 397 2.67% $7,203
CROSSCOUNTRY MORTGAGE, LLC 382 2.92% $9,110
Barrington Bank & Trust Company, N.A. 377 2.78% $5,015
Carrington Mortgage Services, LLC 369 3.11% $4,728
Commerce Home Mortgage, Inc. 367 2.78% $7,506
First Guaranty Mortgage Corporation 361 2.48% $4,336
INTERLINC MORTGAGE SERVICES, LLC 341 3.10% $8,906
NATIONS RELIABLE LENDING, LLC 327 3.13% $8,597
PLAZA HOME MORTGAGE, INC. 322 2.64% $6,605
KBHS HOME LOANS, LLC 318 3.03% $7,732
SFMC, LP 312 3.05% $11,633
InterContinental Capital Group, Inc 304 2.36% $4,052
SUN WEST MORTGAGE COMPANY, INC. 303 2.52% $4,879
Flagstar Bank, FSB 293 2.59% $7,218
First United Bank and Trust Company 292 2.78% $8,283
NBKC BANK 290 2.47% $6,023
CERTAINTY HOME LOANS, LLC 281 2.98% $7,985
CLM MORTGAGE, INC 279 2.80% $6,627
Rocky Mountain Mortgage Company 272 3.10% $4,278
NP, Inc. 271 2.34% $5,041
ACADEMY MORTGAGE CORPORATION 262 2.96% $9,215
M/I FINANCIAL, LLC 254 2.70% $9,072
VELOCIO MORTGAGE L.L.C. 253 2.92% $6,775
ASPIRE FINANCIAL, INC. 247 2.46% $5,184
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 241 2.98% $8,364
CRESTMARK MORTGAGE COMPANY, LTD. 237 2.82% $8,343
ACCELERATE MORTGAGE, LLC 232 2.16% $5,755
City Bank 229 2.74% $7,691
Paramount Residential Mortgage Group, Inc. 222 2.85% $8,952
Network Funding, L.P. 221 2.91% $8,241
First Financial Bank 221 2.63% $7,690
GUARANTEED RATE AFFINITY, LLC 220 2.62% $6,366
AMERISAVE MORTGAGE CORPORATION 215 2.66% $5,687
PILGRIM MORTGAGE LLC 214 2.75% $9,019
The Federal Savings Bank 209 2.58% $5,877
MUTUAL OF OMAHA MORTGAGE, INC. 207 2.83% $5,907
North American Savings Bank, F.S.B. 192 2.46% $5,227
WILLOW BEND MORTGAGE COMPANY, LLC 189 2.84% $7,928
HOMESIDE FINANCIAL, LLC 185 3.01% $7,152
SOUTHWEST FUNDING, LP 178 3.11% $12,411
Citizens Bank 176 2.62% $8,311
LOANPAL, LLC 164 2.54% $4,342
DIRECTIONS EQUITY, LLC 163 2.94% $7,864
V.I.P. MORTGAGE, INC. 163 2.79% $7,463
Republic State Mortgage Co. 162 2.89% $7,704
UNION HOME MORTGAGE CORP. 155 2.64% $6,696
AmeriHome Mortgage Company, LLC 153 2.84% $2,652
MORTGAGE SOLUTIONS OF COLORADO, LLC 148 3.32% $7,030
Trinity Oaks Mortgage, LLC 148 2.87% $10,041
LEADERONE FINANCIAL CORPORATION 146 2.92% $6,405
Wallick & Volk, Inc. 143 3.03% $7,360
EUSTIS AND AMERICAN MORTGAGE COMPANY 142 2.79% $7,103
BROOKHOLLOW MORTGAGE SERVICES, LTD 140 2.93% $7,346
CHERRY CREEK MORTGAGE, LLC 140 2.90% $5,532
INSPIRE HOME LOANS INC. 139 2.97% $8,008
EVERETT FINANCIAL, INC. 139 3.27% $7,896
Prosperity Home Mortgage, LLC 134 2.71% $9,371
BNC National Bank 130 2.33% $6,015
ANGEL OAK HOME LOANS LLC 124 2.78% $7,719
S1L, Inc. 124 3.07% $8,094
Equity Prime Mortgage LLC 122 3.41% $6,003
SECURITYNATIONAL MORTGAGE COMPANY 122 3.11% $9,831
SENTE MORTGAGE, INC. 120 2.98% $8,682
FIRST CONTINENTAL MORTGAGE, LTD. 119 2.95% $8,187
South Pacific Financial Corporation 114 2.59% $10,236
KS StateBank 108 2.35% $7,651
ADVISA MORTGAGE SERVICES, LTD. 106 2.89% $9,173
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 106 2.86% $6,384
NTFN, INC. 104 2.75% $7,710
PRIORITY HOME MORTGAGE, L.P. 103 2.79% $9,574
Paramount Bank 100 2.62% $8,339
Nations Lending Corporation 100 2.78% $7,240
PRIMARY RESIDENTIAL MORTGAGE, INC. 98 3.36% $8,072
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 98 3.02% $8,176
CADENCE LENDING GROUP, INC. 96 2.81% $6,304
KELLER MORTGAGE, LLC 95 2.73% $9,424
Hometown Lenders, Inc. 88 3.07% $8,596
Amerifirst Financial, Inc. 88 2.85% $6,759
HOMETRUST MORTGAGE COMPANY 86 2.77% $8,378
First Bank 84 2.93% $8,059
First Bank & Trust 84 2.93% $6,225
TJC Mortgage, Inc. 82 2.32% $4,815
GREAT WESTERN FINANCIAL SERVICES, INC. 81 2.84% $7,949
RB MORTGAGE LLC 81 2.68% $8,740
American National Bank & Trust 80 2.51% $7,408
FINANCE OF AMERICA MORTGAGE LLC 79 2.78% $7,226
OPEN MORTGAGE, LLC 76 2.94% $7,411
FBC MORTGAGE, LLC 75 2.78% $6,694
Town Square Mortgage & Investments, Inc. 75 3.12% $7,314
CONTOUR MORTGAGE CORPORATION 75 2.48% $4,798
First Mortgage Solutions, LLC 74 2.27% $6,081
Credence Funding Corporation 74 2.38% $2,905
BancorpSouth Bank 74 2.82% $5,478
DAS Acquisition Company, LLC 74 3.17% $8,248
NATIONS DIRECT MORTGAGE, LLC 73 3.15% $7,166
CHURCHILL MORTGAGE CORPORATION 72 2.74% $7,579
Northpointe Bank 72 2.73% $8,082
INTEGRITY MORTGAGE CORPORATION OF TEXAS 70 2.65% $7,797
FIRST CENTENNIAL MORTGAGE CORPORATION 70 2.76% $7,057
Colonial Savings, F.A. 67 2.88% $6,352
LHM FINANCIAL CORPORATION 67 2.78% $7,457
ZILLOW HOME LOANS, LLC 66 2.55% $8,865
SOUTHERN LENDING SERVICES, LTD. 65 2.99% $6,229
GENEVA FINANCIAL, LLC 65 3.00% $9,210
Amarillo National Bank 65 2.57% $8,166
SUMMIT FUNDING, INC. 64 3.16% $10,388
Goldwater Bank, N.A. 64 3.06% $9,813
Sunflower Bank 62 2.79% $6,750
AMERICAN FINANCING CORPORATION 62 2.52% $5,353
SOUTHWEST STAGE FUNDING, LLC 59 3.18% $3,465
T2 FINANCIAL LLC 58 2.83% $8,174
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 58 3.09% $10,057
TEXAS TECH 58 2.75% $7,690
U.S. Bank 56 2.70% $8,442
Magnolia Bank 56 2.54% $5,560
Strong Home Mortgage, LLC 56 2.39% $5,825
BOKF 56 2.74% $9,424
PATRIOT MORTGAGE COMPANY 55 2.71% $5,370
Wyndham Capital Mortgage, Inc. 54 2.39% $4,487
ENVOY MORTGAGE, LTD 53 3.16% $9,090
M&T Bank 53 2.56% $4,600
Austin Capital Bank SSB 52 2.73% $7,983
NETWORK CAPITAL FUNDING CORPORATION 52 2.47% $2,752
STEARNS LENDING, LLC 51 2.49% $5,026
Mid-Continent Funding, Inc. 51 2.78% $8,117
CANOPY MORTGAGE, LLC 49 2.49% $9,081
AMERICA'S CHOICE HOME LOANS LP 48 2.83% $7,248
FC LENDING, LTD. 47 2.91% $11,419
VAN DYK MORTGAGE CORPORATION 46 2.88% $5,531
The Home Loan Expert LLC 45 2.46% $7,684
SOVEREIGN LENDING GROUP INCORPORATED 45 2.55% $3,515
CELEBRITY HOME LOANS, LLC 45 2.91% $9,996
PREMIA MORTGAGE, LLC 45 2.46% $6,785
LEGEND LENDING CORPORATION 44 3.02% $7,953
BARTON CREEK LENDING GROUP, LLC 44 2.55% $7,390
Waterstone Mortgage Corporation 42 3.16% $7,972
GIBRALTAR MORTGAGE SERVICES, LLC 42 2.90% $9,325
Independent Bank 42 2.86% $7,444
ROUNDPOINT MORTGAGE SERVICING CORPORATION 41 3.07% $6,286
CALCON MUTUAL MORTGAGE LLC 40 3.67% $8,178
UNION SQUARE 39 2.61% $6,974
DRAPER AND KRAMER MORTGAGE CORP. 39 2.98% $7,526
LEGACY MORTGAGE LLC 38 3.19% $8,963
ASSOCIATED MORTGAGE CORPORATION 38 2.77% $7,703
HOME FINANCING UNLIMITED, INC. 35 2.65% $10,847
Bank of England 34 2.90% $7,596
Armed Forces Bank 32 2.42% $4,082
PHH Mortgage Corporation 31 2.92% $3,207
Truist 31 2.70% $4,144
First National Bank 30 2.81% $7,219
INTERCAP LENDING INC. 30 2.49% $3,914
FIRST EQUITY MORTGAGE INCORPORATED 30 2.57% $11,322
First Home Bank 30 2.87% $7,052
JPMorgan Chase Bank 29 2.81% $6,550
First Federal Bank of Kansas City 29 2.34% $5,196
Happy State Bank 29 2.53% $7,856
First Savings Bank 28 2.76% $9,675
LOANPEOPLE, LLC 28 2.77% $7,350
First State Bank 27 2.77% $9,035
SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C 27 2.81% $12,821
Affiliated Bank 26 2.55% $8,417
MICHIGAN MUTUAL, INC. 26 3.31% $11,490
PANORAMA MORTGAGE GROUP, LLC 26 3.13% $6,679
INFINITY MORTGAGE HOLDINGS, LLC 25 2.82% $6,699
Jefferson Bank 24 2.61% $8,732
COUNTRYPLACE MORTGAGE, LTD. 23 3.08% $13,846
HAMILTON HOME LOANS, INC. 23 3.26% $7,970
HANCOCK MORTGAGE PARTNERS, LLC 23 3.26% $9,526
LRS FINANCIAL NETWORK, INC. 22 2.49% $7,550
Encompass Lending Group, LP 21 2.95% $13,088
Meridian Bank Corporation 21 2.38% $4,881
CITY FIRST MORTGAGE SERVICES, L.L.C. 21 3.21% $6,460
AMERICAN FINANCIAL RESOURCES, INC. 21 3.61% $7,510
Capital Bank 21 2.30% $6,235
Prime Choice Funding Inc. 21 2.40% $4,268
THE MORTGAGE FIRM, INC. 20 2.68% $6,918
NBH Bank 20 2.47% $9,010
Assurance Financial Group, L.L.C. 20 2.66% $9,612
NexBank 20 2.76% $9,148
LENDING 3, INC. 20 2.66% $5,712
Commercial Bank of Texas 19 2.58% $6,060
Watermark Capital, Inc. 19 2.53% $6,780
UNIVERSITY LENDING GROUP, LLC 18 2.88% $8,536
LENDUS, LLC 18 2.81% $10,348
SIWELL, INC. 18 2.58% $4,359
Community First National Bank 18 2.49% $4,756
NOVA FINANCIAL & INVESTMENT CORPORATION 18 2.69% $5,645
Ixonia Bank 17 2.86% $8,939
Origin Bank 17 2.84% $5,697
TOWNE MORTGAGE COMPANY 17 2.91% $6,905
TBI MORTGAGE COMPANY 17 2.59% $10,611
FLAT BRANCH MORTGAGE, INC. 17 3.08% $12,000
MORTGAGEONE, INC. 16 2.73% $4,681
DIRECT MORTGAGE LOANS, LLC 16 3.37% $6,276
Loan Simple, Inc. 16 2.95% $7,739
HOMEOWNERS FINANCIAL GROUP USA, LLC 16 2.90% $13,015
Midwest Mortgage Associates Corporation 16 2.64% $8,286
Southwest Bank 15 2.98% $5,517
First United Bank 15 2.59% $9,789
UNITED MORTGAGE CORP. 15 2.56% $4,105
Hometown Equity Mortgage, LLC 14 3.19% $7,911
BAY EQUITY LLC 14 2.80% $7,700
LIBERTY HOME MORTGAGE CORPORATION 14 2.39% $5,718
Guaranty Bank & Trust, N.A. 14 2.72% $9,496
EMBRACE HOME LOANS, INC. 14 2.49% $5,398
BAYSHORE MORTGAGE FUNDING, LLC 14 2.56% $4,246
Regions Bank 13 2.67% $6,660
MANN FINANCIAL INC. 12 2.84% $6,129
HOMESTEAD FUNDING CORP. 12 2.28% $2,955
SUCCESS MORTGAGE PARTNERS, INC. 12 3.11% $11,225
FirstBank 11 2.52% $6,944
GMFS LLC 11 2.77% $4,318
CityWorth Mortgage LLC 11 2.55% $4,812
Plains Commerce Bank 11 2.44% $6,662
Atlantic Home Loans, Inc. 11 2.87% $5,955
SIRVA MORTGAGE, INC. 11 3.09% $5,806
Bank of America 10 2.86% $8,691
GSF Mortgage Corporation 10 3.16% $6,603
BECKAM FUNDING CORP. 10 3.18% $6,429
RANLIFE, INC. 10 2.85% $8,282
Extraco Banks 10 2.74% $7,483
PNC Bank 10 2.79% $5,383
First Midwest Bank 10 2.28% $3,419
First Federal Bank 10 2.69% $8,629
The Central Trust Bank 9 2.42% $6,759
Opendoor Home Loans LLC 9 2.44% $8,379
JET HOMELOANS, LLC 9 3.07% $10,992
OVM FINANCIAL, INC. 9 3.19% $8,816
JAMES B. NUTTER & COMPANY 9 2.60% $2,023
State Bank of De Kalb 9 2.46% $4,901
Prosperity Bank 9 2.60% $8,938
United Fidelity Funding Corp. 9 3.14% $8,210
CRESCENT MORTGAGE COMPANY 9 3.00% $4,648
Zions Bancorporation, N.A. 9 2.57% $6,761
Texana Bank 9 2.33% $4,103
MEMBER FIRST MORTGAGE, LLC 9 3.17% $11,026
FirstLight Federal Credit Union 9 2.42% $5,889
OCMBC, INC. 9 3.14% $8,260
OCEANSIDE MORTGAGE COMPANY 8 2.48% $1,181
AmRes Corporation 8 2.61% $5,415
First Horizon Bank 8 2.63% $10,718
Pacific Lending LLC 8 2.64% $3,776
Ameris Bank 8 2.58% $6,253
MORTGAGE ACCESS CORP. 8 2.66% $10,560
Great Plains National Bank 8 2.39% $7,500
NFM, INC. 8 3.09% $5,638
COMPASS MORTGAGE, INC. 7 2.54% $3,744
BELEM SERVICING LLC 7 2.73% $4,471
First Option Mortgage, LLC 7 3.38% $7,555
Stride Bank 7 3.13% $11,913
Florida Capital Bank 7 2.43% $10,163
Stifel Bank and Trust 7 2.36% $5,099
TruHome Solutions, LLC 7 2.80% $9,014
Shea Mortgage Inc. 7 2.55% $7,140
J. VIRGIL, INC. 6 2.96% $9,746
TIAA, FSB 6 2.52% $8,136
First National Bank of Omaha 6 2.85% $9,947
FIRST COMMUNITY MORTGAGE, INC. 6 2.67% $6,186
MORIA DEVELOPMENT, INC. 6 3.04% $9,009
BKCO MORTGAGE, LLC 6 2.60% $5,631
Priority Bank 6 2.25% $3,972
Wolfe Financial, Inc 6 3.58% $6,747
Lend Smart Mortgage, LLC 6 3.17% $8,920
FIDELITY BANK 6 2.81% $9,603
Simmons Bank 6 2.58% $4,397
TEXAS DOW EMPLOYEES CREDIT UNION 6 3.40% $9,750
NATIONWIDE MORTGAGE BANKERS, INC. 6 2.77% $6,348
LADERA LENDING, INC. 6 2.67% $5,702
Trustmark National Bank 6 2.48% $8,506
Home Mortgage Alliance Corp 6 2.90% $8,060
AXIA FINANCIAL, LLC 6 2.81% $6,205
First Western Trust Bank 6 2.37% $4,477
Arvest Bank 6 2.50% $6,307
S&S Financial 6 2.25% $3,584
R Bank 5 2.33% $3,875
VeraBank 5 2.80% $3,965
GERSHMAN INVESTMENT CORP. 5 2.78% $5,599
Presidential Bank, FSB 5 2.55% $7,441
Willamette Valley Bank 5 2.80% $10,616
INLANTA MORTGAGE, INC. 5 2.88% $12,879
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 2.45% $8,678
American Mortgage Bank, LLC 5 2.93% $6,159
PLUS RELOCATION MORTGAGE, LLC 4 2.94% $10,456
ARC HOME LLC 4 2.50% $5,795
INTERCOASTAL MORTGAGE COMPANY 4 2.56% $3,868
Core Bank 4 2.37% $6,616
ML Mortgage Corp. 4 2.81% $4,570
CHAMPIONS MORTGAGE LLC 4 2.44% $5,362
UNIVERSAL LENDING CORPORATION 4 2.56% $3,994
ALTRA 4 2.63% $8,398
HOMEWAY MORTGAGE LLC 4 2.94% $10,170
American Bank of Oklahoma 4 2.97% $8,680
Blue Ridge Bank 4 2.75% $5,240
West Town Bank & Trust 4 2.69% $6,846
GSB MORTGAGE, INC. 4 3.09% $8,677
Texas Bank Financial 4 3.06% $7,120
Inwood National Bank 4 2.09% $12,501
1ST FINANCIAL, INC. 4 3.09% $2,949
WESTSTAR MORTGAGE CORPORATION 4 2.66% $4,017
ROYAL UNITED MORTGAGE LLC 4 2.41% $2,411
EECU 3 3.21% $6,738
CALCULATED RISK ANALYTICS LLC 3 2.83% $9,455
First Internet Bank of Indiana 3 2.38% $6,116
Cambria Financial Group, LLC 3 2.25% $4,033
Neighborhood Loans, Inc. 3 2.79% $6,058
AMPLIFY 3 2.63% $15,475
PREMIER LENDING, INC. 3 2.67% $5,976
JMAC LENDING, INC. 3 3.04% $5,249
UNITED SECURITY FINANCIAL CORP 3 2.21% $4,847
Century Mortgage Company DBA Century Lending Company 3 2.79% $8,302
Citibank 3 2.71% $5,680
Citizens Bank of Las Cruces 3 2.88% $4,070
RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 2.83% $5,226
ALL WESTERN MORTGAGE, INC. 3 3.17% $8,662
INTELLILOAN, INC. 3 2.54% $7,250
Austin Bank, Texas 3 2.63% $9,916
Alliance Credit Union 3 2.80% $5,466
ALAMEDA MORTGAGE CORPORATION 3 2.63% $5,062
First State Bank of St. Charles, Missouri 3 2.58% $6,950
SOUTHPOINT FINANCIAL SERVICES, INC. 3 3.50% $4,619
Red River Bank 3 2.38% $10,346
Evolve Bank & Trust 3 2.71% $12,600
RELIANCE FIRST CAPITAL, LLC 3 2.63% $4,503
Renasant Bank 3 2.33% $8,973
MASON MCDUFFIE MORTGAGE CORPORATION 3 2.67% $3,450
Atlantic Union Bank 3 3.21% $4,949
EASTMAN 3 3.63% $6,382
ONY GLO, INC. 3 2.25% $3,325
The Huntington National Bank 3 2.83% $10,884
UMB Bank 3 2.50% $8,966
BBVA USA 3 3.04% $5,836
Cadence Bank, N.A. 3 2.54% $10,436
COMMUNITYAMERICA 2 2.63% $13,185
LENOX FINANCIAL MORTGAGE CORPORATION 2 3.00% $3,828
LOANFLIGHT LENDING, LLC 2 2.38% $3,850
MEGASTAR FINANCIAL CORP. 2 2.94% $4,638
METROPLEX MORTGAGE SERVICES, INC. 2 2.50% $5,045
DELMAR FINANCIAL COMPANY 2 2.63% $4,360
MOUNTAIN WEST FINANCIAL, INC. 2 2.38% $11,366
INLAND BANK & TRUST 2 2.81% $10,460
CASTLE & COOKE MORTGAGE, LLC 2 2.69% $7,718
IMPAC MORTGAGE CORP. 2 2.50% $1,236
Eagle Bank and Trust Company 2 2.25% $9,003
ON Q FINANCIAL, INC. 2 2.75% $13,530
Hawthorn Bank 2 2.44% $8,964
PARKSIDE LENDING, LLC 2 2.63% $4,372
BARKSDALE 2 2.88% $6,525
Bank of Colorado 2 2.44% $6,194
RESIDENTIAL BANCORP. 2 2.25% $4,454
RESIDENTIAL HOME FUNDING CORP. 2 2.50% $5,736
SeaTrust Mortgage Company 2 2.75% $4,380
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 3.06% $11,311
Sierra Pacific Mortgage Company, Inc. 2 2.88% $11,880
F & M Bank 2 2.31% $8,340
SRE MORTGAGE ALLIANCE INC. 2 2.06% $6,225
STANDARD MORTGAGE CORPORATION 2 2.50% $11,659
FirstTrust Home Loans, Inc. 2 2.88% $3,734
STOCKTON MORTGAGE CORPORATION 2 2.75% $10,137
Farmers Bank & Trust Company 2 2.50% $2,611
THE EQUITABLE MORTGAGE CORPORATION 2 2.44% $10,808
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 2.25% $2,847
First National Bank 2 2.25% $3,646
American Momentum Bank 2 2.69% $7,862
Farmers & Stockmens Bank 2 2.56% $8,420
Triumph Bank 2 2.25% $3,401
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 3.00% $13,141
FBT Mortgage, L.L.C. 2 2.25% $3,719
FEDEX EMPLOYEES CREDIT ASSOCIATION 2 3.00% $14,025
LAND HOME FINANCIAL SERVICES, INC. 2 2.50% $5,337
BANKSOUTH MORTGAGE COMPANY, LLC 1 3.00% $7,731
EMM LOANS LLC 1 2.75% $1,773
Platinum Home Mortgage Corporation 1 3.75% $3,485
TEXOMA COMMUNITY CREDIT UNION 1 7.75% $3,357
Fifth Third Bank 1 2.63% $4,221
AHL FUNDING 1 3.25% $4,263
WESTERN EXPRESS LENDING 1 2.99% $4,022
PIKE CREEK MORTGAGE SERVICES, INC. 1 4.00% $3,874
GUARANTY HOME MORTGAGE CORPORATION 1 2.50% $7,793
Luxury Mortgage Corp. 1 2.88% $5,043
Peoples Bank 1 3.25% $12,246
BEST CAPITAL FUNDING 1 2.50% $4,167
Colten Mortgage, LLC 1 2.63% $1,766
TOP FLITE FINANCIAL, INC. 1 3.75% $4,078
TOWN AND COUNTRY Credit Union 1 2.25% $2,925
Lincoln FSB of Nebraska 1 2.25% $11,184
AMERICAN INTERNET MORTGAGE, INC. 1 2.38% $2,788
Hancock Whitney Bank 1 2.38% $6,388
JMJ FINANCIAL GROUP 1 2.75% $9,362
BLUELEAF LENDING, LLC 1 3.13% $7,997
Oakstar Bank 1 2.50% $2,051
East Coast Capital Corp. 1 2.75% $19,485
Northwest Federal Credit Union 1 3.25% $7,891
EagleBank 1 2.25% $3,758
Union Savings Bank 1 2.25% $2
CALIFORNIA CREDIT UNION 1 3.50% $0
DSLD MORTGAGE, LLC 1 2.55% $4,583
HOMESPIRE MORTGAGE CORPORATION 1 3.88% $8,248
COMMUNITIES OF ABILENE FEDERAL CREDIT UNION 1 2.88% $4,431
INFINITY EQUITY GROUP, INC. 1 2.75% $5,771
Cf Bank 1 2.25% $36,078
Chambers Bank 1 2.63% $2,348
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.63% $4,389
ALTITUDE FINANCIAL CORPORATION 1 2.63% $10,826
Citizens National Bank of Greater St. Louis 1 2.25% $2,740
U S WIDE FINANCIAL LLC 1 2.25% $9,606
First Federal Bank 1 2.25% $2,293
DEVELOPER'S MORTGAGE COMPANY 1 2.25% $5,476
MidFirst Bank 1 2.88% $9,397
Victorian Finance, LLC 1 2.38% $10,233
CITYWIDE HOME LOANS, LLC 1 3.38% $2,606
Alerus Financial 1 2.50% $10,802
VISION ONE MORTGAGE, INC. 1 2.88% $9,435
DATA MORTGAGE, INC. 1 2.75% $16,367
Congressional Bank 1 2.25% $2,257
Exchange Bank 1 2.25% $7,823
FIRST STATE MORTGAGE SERVICES, LLC 1 2.25% $3,230
Southside Bank 1 4.00% $3,360
First Bank 1 2.25% $3,887
EVANSVILLE TEACHERS 1 3.00% $4,170
SUNSTREET MORTGAGE, LLC 1 2.25% $4,813
Servion, Inc. 1 3.13% $3,191
Academy Bank 1 2.50% $3,501
GET A RATE LLC 1 2.88% $7,600
INTERNATIONAL CITY MORTGAGE, INC. 1 2.88% $3,181
Golden Empire Mortgage, Inc. 1 2.75% $10,593

The top Texas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8,150 VA loans originated. Their average total fees are $6,783, which is $3,772 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Texas VA lenders (with over 10 loans originated) are AmeriHome Mortgage Company, LLC ($2,652), NETWORK CAPITAL FUNDING CORPORATION ($2,752), Lakeview Community Capital, LLC ($2,835), Credence Funding Corporation ($2,905) and HOMESTEAD FUNDING CORP. ($2,955).

The lowest rate Texas VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.16%), First Mortgage Solutions, LLC (2.27%), First Midwest Bank (2.28%), HOMESTEAD FUNDING CORP. (2.28%) and Capital Bank (2.30%).

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.