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 6.29% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Texas's average VA mortgage closing costs are $16,760.

The average rate for the prior week (2025-03-28) was 6.51% and one month ago for the week of 2025-02-28, the average rate was 6.08%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2025-04-04, the average rate was 5.94%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 6,040 6.34% $6,690
UNITED WHOLESALE MORTGAGE, LLC 4,638 5.85% $6,933
DHI MORTGAGE COMPANY, LTD. 3,162 4.89% $7,621
FREEDOM MORTGAGE CORPORATION 1,862 5.97% $7,384
EAGLE HOME MORTGAGE, LLC 1,584 4.45% $3,614
NAVY FEDERAL CREDIT UNION 1,418 5.90% $6,572
QUICKEN LOANS, LLC 1,120 5.94% $10,156
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,119 6.34% $7,653
PENNYMAC LOAN SERVICES, LLC 1,083 5.58% $8,276
CMG MORTGAGE, INC. 1,057 6.10% $12,843
LOANDEPOT.COM, LLC 930 5.72% $11,411
CROSSCOUNTRY MORTGAGE, LLC 912 6.28% $8,479
VILLAGE CAPITAL MORTGAGE 835 5.66% $6,618
MORTGAGE SOLUTIONS OF COLORADO, LLC 794 7.17% $4,225
USAA Federal Savings Bank 779 6.25% $9,199
ARK-LA-TEX FINANCIAL SERVICES, LLC. 765 5.98% $7,815
PRIMELENDING, A PLAINSCAPITAL COMPANY 697 6.05% $7,546
GUILD MORTGAGE COMPANY 625 6.28% $11,189
NEWREZ LLC 546 6.03% $8,705
PULTE MORTGAGE LLC 524 4.96% $5,492
KBHS HOME LOANS, LLC 484 5.76% $5,834
GUARANTEED RATE, INC. 463 6.04% $6,762
VELOCIO MORTGAGE L.L.C. 461 5.09% $5,181
PLANET HOME LENDING, LLC 394 5.69% $5,821
DIRECTIONS EQUITY, LLC 376 6.03% $6,478
SFMC, LP 375 5.95% $12,334
CORNERSTONE HOME LENDING, INC. 350 5.95% $7,719
First National Bank Texas 335 5.96% $6,076
BROKER SOLUTIONS, INC. 332 6.38% $11,386
HOMESIDE FINANCIAL, LLC 323 6.26% $11,430
MOVEMENT MORTGAGE, LLC 311 6.18% $10,935
SWBC MORTGAGE CORPORATION 299 6.18% $8,175
Equity Prime Mortgage LLC 296 6.56% $9,119
AMERICAN PACIFIC MORTGAGE CORPORATION 295 6.35% $12,907
CARDINAL FINANCIAL 290 6.41% $14,902
LAKEVIEW LOAN SERVICING, LLC 273 5.70% $6,432
CLM MORTGAGE, INC 264 5.91% $5,605
M/I FINANCIAL, LLC 255 5.26% $15,039
INSPIRE HOME LOANS INC. 242 4.89% $7,089
GARDNER FINANCIAL SERVICES, LTD. 234 6.16% $14,759
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 224 6.34% $9,420
MORTGAGE FINANCIAL SERVICES, LLC 219 6.32% $11,070
PLAZA HOME MORTGAGE, INC. 210 6.03% $9,578
Gateway First Bank 196 6.22% $9,458
Century Mortgage Company DBA Century Lending Company 196 6.04% $7,443
Network Funding, L.P. 195 6.08% $10,204
Mr. Cooper ( Nationstar Mortgage ) 193 6.03% $6,560
EVERETT FINANCIAL, INC. 192 6.45% $12,362
Rocky Mountain Mortgage Company 183 5.83% $5,657
Paramount Residential Mortgage Group, Inc. 180 6.24% $10,497
NBKC BANK 180 5.91% $7,694
FIRST CONTINENTAL MORTGAGE, LTD. 178 5.57% $6,531
NATIONS RELIABLE LENDING, LLC 173 6.34% $9,481
AmeriHome Mortgage Company, LLC 171 6.05% $5,363
Lakeview Community Capital, LLC 170 5.69% $6,314
Flagstar Bank, FSB 170 6.29% $8,719
CRESTMARK MORTGAGE COMPANY, LTD. 170 5.74% $7,706
First United Bank and Trust Company 168 6.22% $12,423
V.I.P. MORTGAGE, INC. 157 6.03% $11,187
Plains Commerce Bank 153 6.12% $11,279
PRIORITY HOME MORTGAGE, L.P. 153 5.53% $7,756
PILGRIM MORTGAGE LLC 147 6.19% $10,806
LOANPEOPLE, LLC 145 6.22% $16,073
T2 FINANCIAL LLC 135 6.44% $9,486
First Financial Bank 135 6.10% $8,411
PENTAGON FEDERAL CREDIT UNION 134 6.01% $8,500
AMERICAN PORTFOLIO MORTGAGE CORPORATION 127 6.34% $10,471
SUN WEST MORTGAGE COMPANY, INC. 126 5.93% $7,665
Barrington Bank & Trust Company, N.A. 124 6.21% $6,893
INTERLINC MORTGAGE SERVICES, LLC 123 5.71% $5,563
Commerce Home Mortgage, Inc. 120 6.27% $11,542
DAS Acquisition Company, LLC 120 6.22% $8,583
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 116 5.78% $4,851
GUARANTEED RATE AFFINITY, LLC 114 6.14% $7,947
City Bank 113 6.12% $8,330
MUTUAL OF OMAHA MORTGAGE, INC. 106 6.22% $9,740
FLAT BRANCH MORTGAGE, INC. 106 6.45% $8,805
Mid-Continent Funding, Inc. 103 6.04% $9,152
JPMorgan Chase Bank 102 5.91% $5,748
SECURITYNATIONAL MORTGAGE COMPANY 99 6.33% $13,465
Carrington Mortgage Services, LLC 99 5.94% $8,129
UNION HOME MORTGAGE CORP. 98 5.99% $13,540
BROOKHOLLOW MORTGAGE SERVICES, LTD 98 5.52% $9,568
First Federal Bank 95 5.81% $8,730
CADENCE LENDING GROUP, INC. 95 6.09% $10,020
ADVISA MORTGAGE SERVICES, LTD. 92 5.75% $6,724
South Pacific Financial Corporation 91 5.41% $8,203
THE MORTGAGE LINK, INC. 91 6.25% $25,297
TOWNE MORTGAGE COMPANY 84 6.11% $11,764
EUSTIS AND AMERICAN MORTGAGE COMPANY 84 6.51% $7,348
JET HOMELOANS, LLC 81 5.66% $8,454
ENVOY MORTGAGE, LTD 80 6.33% $11,159
CLEARPATH LENDING 80 5.60% $5,958
Prosperity Home Mortgage, LLC 79 6.28% $11,686
The Loan Store, Inc. 79 6.16% $11,220
BancorpSouth 77 6.21% $8,557
Armed Forces Bank 77 6.10% $9,605
SUMMIT FUNDING, INC. 77 6.33% $10,269
SOUTHWEST FUNDING, LP 76 6.32% $9,787
American National Bank & Trust 75 6.06% $9,394
PATRIOT MORTGAGE COMPANY 72 5.70% $7,517
AMERICAN FINANCIAL NETWORK, INC. 69 6.47% $8,558
BAY EQUITY LLC 67 6.27% $8,368
Republic State Mortgage Co. 67 5.86% $9,305
U.S. Bank 63 5.97% $10,563
GoPrime Mortgage, Inc. 62 6.18% $10,308
MID AMERICA MORTGAGE, INC. 60 6.40% $20,146
CANOPY MORTGAGE, LLC 60 6.18% $14,107
S1L, Inc. 58 6.22% $12,948
Sunflower Bank 58 5.99% $13,067
LEGEND LENDING CORPORATION 58 6.44% $13,541
Trinity Oaks Mortgage, LLC 56 6.05% $11,425
First Bank 53 6.17% $13,120
PHH Mortgage Corporation 53 5.49% $5,675
WILLOW BEND MORTGAGE COMPANY, LLC 52 6.43% $9,094
Nations Lending Corporation 51 6.54% $9,096
ZILLOW HOME LOANS, LLC 51 6.06% $8,176
SOUTHERN LENDING SERVICES, LTD. 51 5.66% $7,052
Waterstone Mortgage Corporation 51 6.43% $9,356
Wallick & Volk, Inc. 50 6.15% $8,978
Sierra Pacific Mortgage Company, Inc. 50 6.22% $10,462
NFM, INC. 47 6.28% $11,693
Encompass Lending Group, LP 46 6.66% $10,172
Wolfe Financial, Inc 44 6.77% $6,190
TEXAS TECH 44 6.30% $7,945
Credence Funding Corporation 44 5.63% $6,567
RB MORTGAGE LLC 43 6.07% $7,464
MORTGAGEONE, INC. 42 6.77% $5,410
GENEVA FINANCIAL, LLC 40 6.77% $9,911
Extraco Banks 40 6.16% $8,840
PREMIA MORTGAGE, LLC 40 5.77% $5,810
SeaTrust Mortgage Company 39 6.26% $11,169
CHURCHILL MORTGAGE CORPORATION 39 6.52% $13,034
TBI MORTGAGE COMPANY 38 5.95% $8,384
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 36 6.13% $12,145
Amarillo National Bank 35 6.15% $7,752
SUCCESS MORTGAGE PARTNERS, INC. 35 6.66% $11,839
AMERICAN FINANCIAL RESOURCES, INC. 34 6.51% $7,533
American Mortgage & Equity Consultants, Inc. 34 6.46% $11,720
Wells Fargo Bank 34 6.16% $8,273
HOME FINANCING UNLIMITED, INC. 33 5.53% $9,725
FBC MORTGAGE, LLC 32 6.01% $9,660
HOMEBRIDGE FINANCIAL SERVICES, INC. 32 6.33% $7,897
HALLMARK HOME MORTGAGE, LLC 31 6.43% $9,544
The Federal Savings Bank 30 6.33% $10,184
CITY FIRST MORTGAGE SERVICES, L.L.C. 28 6.48% $9,638
PRIMARY RESIDENTIAL MORTGAGE, INC. 27 6.69% $7,421
AFFORDABLE MORTGAGE ADVISORS, LLC. 27 6.42% $9,410
SENTE MORTGAGE, INC. 26 6.14% $14,010
Alliance Credit Union 26 6.08% $8,148
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 25 6.25% $8,332
OPEN MORTGAGE, LLC 24 6.44% $7,915
ASSOCIATED MORTGAGE CORPORATION 24 6.35% $9,291
NEW FED MORTGAGE, CORP. 24 6.00% $12,050
INTEGRITY MORTGAGE CORPORATION OF TEXAS 24 6.27% $10,069
CALCON MUTUAL MORTGAGE LLC 23 6.33% $14,245
UNIVERSITY Federal Credit Union 22 6.09% $9,288
Alcova Mortgage LLC 22 5.95% $7,241
NEW DAY FINANCIAL, LLC 21 6.80% $9,209
Integrity Home Mortgage Corp 21 6.14% $6,304
Cornerstone First Mortgage, Inc 21 6.58% $9,828
American Mortgage Bank, LLC 20 6.24% $13,062
Strong Home Mortgage, LLC 20 5.88% $10,161
Ameris Bank 19 6.10% $7,862
TJC Mortgage, Inc. 19 5.72% $14,060
FIRST EQUITY MORTGAGE INCORPORATED 19 5.94% $11,978
HOMETRUST MORTGAGE COMPANY 19 6.52% $9,743
Independent Bank 18 6.06% $9,161
Magnolia Bank 16 5.88% $8,667
LEADERONE FINANCIAL CORPORATION 16 6.74% $10,375
UNION SQUARE 16 6.21% $6,880
HOMEAMERICAN MORTGAGE CORPORATION 16 4.83% $4,242
Florida Capital Bank 16 6.17% $8,920
Jefferson Bank 16 5.77% $9,449
SOUTHWEST STAGE FUNDING, LLC 15 6.03% $2,801
Ixonia Bank 15 6.57% $11,291
OCMBC, INC. 14 6.65% $8,319
ALLIED MORTGAGE GROUP, INC. 13 6.08% $7,798
First Option Mortgage, LLC 13 6.46% $10,381
BOKF 13 6.58% $13,423
First United Bank 13 5.87% $13,047
FIRST COMMUNITY MORTGAGE, INC. 13 6.33% $9,803
Bank of England 13 6.34% $9,843
NORWICH COMMERCIAL GROUP, INC. 13 5.88% $10,604
INTERCAP LENDING INC. 12 5.97% $8,432
Old National Bank 12 5.63% $8,744
JMAC LENDING, INC. 12 5.95% $11,531
Centennial Bank 12 6.25% $9,727
NATIONS DIRECT MORTGAGE, LLC 12 5.86% $11,457
AMERISAVE MORTGAGE CORPORATION 11 5.92% $16,116
Shea Mortgage Inc. 11 5.72% $5,267
NBH Bank 11 6.21% $9,970
HomePromise Corporation 11 7.33% $7,574
First Horizon Bank 11 6.24% $12,648
Commercial Bank of Texas 11 6.04% $10,049
Texana Bank 10 6.44% $12,432
Golden Empire Mortgage, Inc. 10 6.65% $9,982
Residential Mortgage Solutions, Inc. 10 5.81% $5,644
ALLIANT CREDIT UNION 9 5.54% $6,133
Bank of America 9 5.93% $5,011
PACIFIC RESIDENTIAL MORTGAGE, LLC 9 6.25% $13,197
AXIA FINANCIAL, LLC 9 6.19% $16,001
PNC Bank 9 6.54% $7,332
DSLD MORTGAGE, LLC 9 5.49% $4,717
Presidential Bank, FSB 9 6.51% $8,929
FIRST COLONY MORTGAGE CORPORATION 9 5.64% $5,898
MATTAMY HOME FUNDING, LLC 9 5.42% $6,718
Watermark Capital, Inc. 8 5.89% $14,600
The Central Trust Bank 8 5.98% $8,595
Home Mortgage Alliance Corp 8 6.51% $14,127
BETTER MORTGAGE CORPORATION 8 5.73% $9,383
PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.50% $11,787
Keystone Funding, Inc. 8 6.16% $10,635
Princeton Mortgage Corporation 7 6.38% $11,320
Affiliated Bank 7 6.43% $12,165
BAYSHORE MORTGAGE FUNDING, LLC 7 6.00% $7,973
CONTOUR MORTGAGE CORPORATION 7 6.63% $9,189
DEVELOPER'S MORTGAGE COMPANY 7 6.48% $7,003
Granite Community Bank 7 6.04% $5,328
LRS FINANCIAL NETWORK, INC. 7 6.27% $9,396
North American Savings Bank, F.S.B. 7 5.91% $8,482
Truist 7 6.39% $13,454
Hamilton Mortgage Corporation 6 6.31% $9,480
HOMESPIRE MORTGAGE CORPORATION 6 5.90% $8,439
US MORTGAGE CORPORATION 6 6.54% $8,537
Arvest Bank 6 6.19% $10,581
Bell Bank 6 6.15% $4,715
MLD MORTGAGE INC. 6 6.31% $6,523
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 7.08% $7,588
RANLIFE, INC. 6 6.17% $12,844
First State Bank 6 6.17% $10,807
GMFS LLC 6 6.37% $8,124
NETWORK CAPITAL FUNDING CORPORATION 6 6.02% $12,256
TruHome Solutions, LLC 5 6.20% $7,617
Town Square Mortgage & Investments, Inc. 5 7.05% $10,336
Texas Mortgage Lending, LLC 5 6.50% $6,713
TEXAS DOW EMPLOYEES CREDIT UNION 5 6.50% $6,894
Prosperity Bank 5 7.03% $4,676
CASTLE & COOKE MORTGAGE, LLC 5 6.23% $8,855
Stride Bank 5 6.28% $8,528
INTELLILOAN, INC. 5 5.90% $2,279
VeraBank 5 6.78% $10,005
Regions Bank 5 5.85% $11,163
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.13% $12,964
Vellum Mortgage, Inc. 5 5.93% $7,586
VAN DYK MORTGAGE CORPORATION 5 6.02% $7,371
Guaranty Bank & Trust, N.A. 5 6.33% $5,103
ALTRA 5 6.45% $4,955
MORTGAGE ACCESS CORP. 5 6.05% $12,265
ASCENT HOME LENDING, LLC 5 6.01% $10,354
UNITED MORTGAGE CORP 5 6.53% $16,611
Assurance Financial Group, L.L.C. 5 6.53% $8,273
SIRVA MORTGAGE, INC. 4 6.53% $9,645
MASON MCDUFFIE MORTGAGE CORPORATION 4 5.94% $20,285
HOMESTEAD FUNDING CORP. 4 5.78% $3,557
NATIONWIDE MORTGAGE BANKERS, INC. 4 6.75% $12,823
NAVY ARMY COMMUNITY CREDIT UNION 4 6.03% $5,788
Great Plains National Bank 4 6.00% $6,295
NOVA FINANCIAL & INVESTMENT CORPORATION 4 6.62% $12,481
Goldwater Bank, N.A. 4 6.72% $8,046
Origin Bank 4 6.38% $3,283
PANORAMA MORTGAGE GROUP, LLC 4 6.38% $10,859
Performance Financial, Inc. 4 6.09% $9,812
First National Bank 4 5.91% $13,150
FirstLight Federal Credit Union 4 5.81% $6,153
Farmers Bank & Trust 4 6.09% $4,864
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 6.03% $13,968
Renasant Bank 4 5.97% $7,649
RESIDENTIAL WHOLESALE MORTGAGE, INC. 4 5.81% $13,167
COMPASS MORTGAGE, INC. 4 6.94% $10,874
BM Real Estate Services, Inc. 4 6.09% $7,621
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 6.09% $14,786
Zions Bank 4 5.81% $22,395
Stifel Bank and Trust 3 5.92% $8,295
STOCKTON MORTGAGE CORPORATION 3 5.50% $17,078
CLIFFCO, INC. 3 7.00% $12,068
Citizens Bank 3 6.46% $9,339
AMERICAN INTERNET MORTGAGE, INC. 3 5.63% $12,380
MORIA DEVELOPMENT, INC. 3 6.17% $14,503
WESTSTAR MORTGAGE CORPORATION 3 5.13% $8,818
Midwest Mortgage Associates Corporation 3 6.12% $10,681
ENDEAVOR CAPITAL, LLC. 3 6.46% $5,316
Flanagan State Bank 3 6.63% $5,327
EECU 3 6.42% $7,674
Towne Bank 3 6.00% $10,314
Atlantic Coast Mortgage, LLC 3 6.16% $11,805
MICHIGAN MUTUAL, INC. 3 6.50% $5,865
MEMBER FIRST MORTGAGE, LLC 3 6.29% $8,730
DIRECT MORTGAGE, CORP. 3 6.00% $17,491
Legends Bank 3 5.91% $12,977
Farmers Bank & Trust Company 3 6.79% $12,424
AHL FUNDING 3 6.08% $4,726
AMERICAN FINANCING CORPORATION 3 6.38% $6,352
NexBank 3 6.21% $6,248
PREMIER LENDING, INC. 2 6.87% $8,021
TIB The Independent Bankersbank 2 6.63% $8,066
INFINITY EQUITY GROUP, INC. 2 7.00% $10,240
FIDELITY BANK 2 6.75% $24,499
Security State Bank & Trust 2 7.13% $8,166
International Bank of Commerce 2 6.50% $11,252
ALAMEDA MORTGAGE CORPORATION 2 6.25% $16,131
Semper Home Loans, Inc. 2 6.63% $11,246
Eagle Bank and Trust Company 2 5.94% $7,388
GSF Mortgage Corporation 2 6.19% $11,654
Service Federal Credit Union 2 6.38% $7,409
Servion, Inc. 2 6.56% $8,730
UMB Bank 2 6.25% $15,288
Preston Home Loans Inc 2 7.13% $8,517
ASSOCIATED CREDIT UNION OF TEXAS 2 6.69% $9,593
Merchants Bank of Indiana 2 6.06% $16,514
AMERITRUST MORTGAGE CORPORATION 2 7.44% $4,133
DIRECT MORTGAGE LOANS, LLC 2 5.88% $13,937
GROUP MORTGAGE, LLC 2 6.25% $13,210
AMPLIFY 2 6.13% $5,105
MLB RESIDENTIAL LENDING, LLC 2 6.50% $13,666
Pacific Lending LLC 2 5.94% $28,803
CityWorth Mortgage LLC 2 6.13% $14,865
EVANSVILLE TEACHERS 2 6.69% $14,409
ML Mortgage Corp. 2 7.12% $12,921
LOANPAL, LLC 2 5.81% $7,823
GERSHMAN INVESTMENT CORP. 2 5.19% $12,109
Northpointe Bank 2 5.44% $10,479
Academy Bank 2 5.75% $4,417
LENOX FINANCIAL MORTGAGE CORPORATION 2 5.56% $21,760
Residential Acceptance Corporation 2 7.75% $9,592
Paramount Bank 2 6.13% $6,424
ENCORE BANK 2 6.06% $7,317
M&T Bank 2 5.94% $5,832
PLUS RELOCATION MORTGAGE, LLC 2 6.50% $24,390
Loan Simple, Inc. 2 7.31% $12,721
OCEANSIDE MORTGAGE COMPANY 2 5.75% $9,946
First Federal Bank, A FSB 2 5.81% $11,903
THE MORTGAGE FIRM, INC. 2 6.50% $2,588
LOANLEADERS OF AMERICA, INC. 1 5.75% $7,643
Trustmark National Bank 1 6.88% $21,437
Meridian Bank Corporation 1 6.25% $5,898
Leaders Credit Union 1 6.25% $7,450
ARC HOME LLC 1 5.99% $10,082
Lone Star National Bank 1 6.13% $15,131
NASA Federal Credit Union 1 6.25% $12,105
HighTechLending Inc 1 5.99% $8,510
HIGHLAND HOMELOANS, LLC 1 5.88% $3,626
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $1,075
Gulf Coast Bank and Trust Company 1 6.50% $6,417
Hometown Equity Mortgage, LLC 1 7.63% $13,494
MOUNTAIN WEST FINANCIAL, INC. 1 6.00% $4,483
GSB MORTGAGE, INC. 1 5.63% $7,918
GREENSTATE CREDIT UNION 1 5.75% $18,931
Great Southern Bank 1 6.63% $11,894
Acre Mortgage and Financial Inc 1 6.25% $9,409
NATION ONE MORTGAGE CORPORATION 1 6.00% $17,055
NP, Inc. 1 6.50% $10,825
HOMEXPRESS MORTGAGE CORP. 1 5.88% $14,123
ON Q FINANCIAL, INC. 1 6.25% $6,834
ONY GLO, INC. 1 6.25% $6,879
Victorian Finance, LLC 1 5.25% $24,145
FM Home Loans, LLC 1 6.75% $5,628
First Western Trust Bank 1 6.00% $4,170
First Reliance Bank 1 5.63% $13,207
First National Bank and Trust Company 1 6.75% $17,105
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.25% $3,631
Pinnacle Bank 1 5.75% $8,958
FIRSTMARK 1 6.13% $8,971
American Bank of Oklahoma 1 6.75% $7,045
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.50% $17,220
First Heritage Mortgage, LLC 1 5.88% $9,266
First Federal Bank 1 6.25% $7,076
Fidelity Bank 1 6.13% $11,447
American Bank of Commerce 1 6.50% $17,814
Exchange Bank 1 6.00% $13,398
Evolve Bank & Trust 1 5.75% $4,557
MORTGAGE 1 INCORPORATED 1 6.00% $3,205
Red River Bank 1 5.50% $3,357
RESIDENTIAL MORTGAGE, LLC 1 6.13% $19,720
Willamette Valley Bank 1 6.75% $800
EMM LOANS LLC 1 6.25% $9,536
RUOFF MORTGAGE COMPANY, INC. 1 6.25% $1,457
Sabine State Bank and Trust Company 1 6.63% $5,086
Sandy Spring Bank 1 5.25% $6,748
EASTMAN 1 8.13% $4,848
East Coast Capital Corp. 1 6.75% $20,091
ServisFirst Bank 1 6.13% $1,968
SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C 1 6.00% $8,041
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.25% $8,426
Core Bank 1 5.75% $6,850
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.38% $8,862
South State Bank 1 6.25% $11,802
COMMUNITY MORTGAGE FUNDING, LLC 1 7.13% $8,286
S&S Financial 1 5.63% $4,315
STANDARD MORTGAGE CORPORATION 1 5.88% $17,104
STAUNTON FINANCIAL, INC. 1 6.50% $8,634
CITYWIDE HOME LOANS, LLC 1 6.08% $5,215
Inwood National Bank 1 6.13% $13,894
Capital Bank 1 6.75% $4,041
Lincoln FSB of Nebraska 1 6.13% $2,577
BELEM SERVICING LLC 1 6.88% $6,168
MidFirst Bank 1 6.50% $17,112
KeyBank 1 6.50% $5,928
BARTLETT MORTGAGE, INC. 1 5.99% $12,174
BARKSDALE 1 6.75% $8,550
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.50% $9,723
The Freedom Bank of Virginia 1 5.25% $6,379
The Huntington National Bank 1 6.25% $12,776
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 7.13% $2,289
Axos Bank 1 6.63% $11,473
Austin Bank, Texas 1 6.13% $7,159
TOTAL MORTGAGE SERVICES, LLC 1 5.63% $15,009
TOWN AND COUNTRY Credit Union 1 5.75% $8,870
LADERA LENDING, INC. 1 5.50% $3,520
LOANFLIGHT LENDING, LLC 1 6.13% $2,702

The top Texas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6,040 VA loans originated. Their average total fees are $6,690, which is $243 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Texas VA lenders (with over 10 loans originated) are SOUTHWEST STAGE FUNDING, LLC ($2,801), EAGLE HOME MORTGAGE, LLC ($3,614), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,225), HOMEAMERICAN MORTGAGE CORPORATION ($4,242) and K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($4,851).

The lowest rate Texas VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.45%), HOMEAMERICAN MORTGAGE CORPORATION (4.83%), INSPIRE HOME LOANS INC. (4.89%), DHI MORTGAGE COMPANY, LTD. (4.89%) and PULTE MORTGAGE LLC (4.96%).

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.