Adrian VA Loan Rates, Closing Costs & Stats

Adrian, MI

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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.

    Adrian's 31 lenders originated 111 VA loans during 2024. The total origination value was $31,285,000, with an average VA loan value of $281,847.

    Adrian VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Adrian averaged 0.78% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Adrian's average VA mortgage closing costs are $5,103.

    The average rate for the prior week (2025-06-13) was 6.83% and one month ago for the week of 2025-05-16, the average rate was 6.99%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.09%.

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

    Adrian 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 Adrian level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 30 6.25% $5,342
    QUICKEN LOANS, LLC 12 6.21% $8,522
    FREEDOM MORTGAGE CORPORATION 8 6.16% $6,305
    GVC MORTGAGE, INC. 7 7.04% $4,974
    UNITED WHOLESALE MORTGAGE, LLC 7 6.59% $6,622
    USAA Federal Savings Bank 5 6.33% $8,464
    PENNYMAC LOAN SERVICES, LLC 4 5.88% $3,837
    NEW DAY FINANCIAL, LLC 3 7.54% $10,588
    NAVY FEDERAL CREDIT UNION 3 5.75% $1,687
    VILLAGE CAPITAL MORTGAGE 2 5.63% $3,588
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.38% $12,109
    LAKE MICHIGAN CREDIT UNION 2 6.00% $11,858
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $6,554
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.63% $3,919
    UNION HOME MORTGAGE CORP. 2 6.50% $6,263
    The Huntington National Bank 1 7.38% $1,398
    MORTGAGE CENTER L.C 1 6.50% $4,791
    AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $7,460
    Armed Forces Bank 1 6.25% $4,494
    Barrington Bank & Trust Company, N.A. 1 5.25% $3,979
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $3,087
    EQUITY RESOURCES, INC. 1 5.75% $7,051
    FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $0
    First Federal Bank 1 6.13% $5,414
    MILEND, INC. 1 6.75% $11,944
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $1,743
    NEWREZ LLC 1 7.25% $2,409
    Old National Bank 1 5.88% $3,892
    PNC Bank 1 6.75% $8,544
    STAUNTON FINANCIAL, INC. 1 6.63% $7,677
    The Federal Savings Bank 1 7.00% $4,328

    The top Adrian VA lender as defined by loan originations is Mortgage Research Center, LLC, with 30 VA loans originated. Their average total fees are $5,342, which is $3,180 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Adrian VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,342), QUICKEN LOANS, LLC ($8,522), .

    The lowest rate Adrian VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.21%), Mortgage Research Center, LLC (6.25%), .

    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.