In this explainer

In San Antonio, VA loans make up 10.4% of all mortgages, the highest share in our dataset, on a $265,000 median home. Here is what military buyers should know.

General information, not professional financial, tax, legal, or insurance advice. The Dreamy Leads Research Desk is an editorial and data team, not a licensed advisor.

Chapters

  1. 0:05 A military mortgage market
  2. 0:27 What a home costs here
  3. 0:49 The tax line still applies
  4. 1:07 Who writes these loans

See your San Antonio numbers

The figures in this explainer come from our live dataset. Explore them for your own state or metro:

Full transcript

A military mortgage market

San Antonio is a military town, and the loan data shows it. VA loans make up about 10.4% of originations here, the highest VA share in our six-state dataset. Add FHA at 27.6%, and government-backed financing dominates the market. This is general information about the market, not advice on which loan is right for you.

What a home costs here

The median home in San Antonio sells for about $265,000, the lowest median among the metros we track, and prices moved +3.4% over the past year. For a VA-eligible buyer, that combination of a low price and zero-down financing is part of why the VA share runs so high. Affordability and loan access reinforce each other.

The tax line still applies

Even with a VA loan, the 2.08% effective property-tax rate in San Antonio applies, and Texas has no statewide homestead exemption to blunt it. Zero down does not mean zero carrying cost. The tax line belongs in every monthly estimate, VA loan or not.

Who writes these loans

The lenders writing the most loans in San Antonio include USAA Federal Savings, Frost Bank, JPMorgan Chase, and the presence of a military-focused lender at the top is no accident in this market. VA loan terms and fees vary between lenders, so comparing several is the most reliable way to control cost. Run your San Antonio numbers in our explorer to see your own picture.

Frequently Asked Questions

Why are VA loans so common in San Antonio

San Antonio has a large military and veteran population, and our 2026 Q2 dataset puts the VA loan share at about {va_share}, the highest among the metros we track. A {median_price} median price paired with zero-down VA financing reinforces that share. This is general information compiled from HMDA and FHFA data, not advice.

Do you still pay property tax with a VA loan in San Antonio

Yes. A VA loan affects how you finance the purchase, not the tax. San Antonio carries an effective property-tax rate of about {prop_tax}, and Texas has no statewide homestead exemption, so the tax line applies to VA buyers too. This is general information, not advice.

Sources