Adrian VA Loan Rates, Closing Costs & Stats

Adrian, MI

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 36 lenders originated 101 VA loans during 2023. The total origination value was $24,265,000, with an average VA loan value of $240,248.

Adrian VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Adrian averaged 7.04% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Adrian's average VA mortgage closing costs are $4,999.

The average rate for the prior week (2024-06-07) was 6.61% and one month ago for the week of 2024-05-10, the average rate was 7.23%.

The average rate one year ago was 6.67%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.61%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 22 6.95% $4,660
QUICKEN LOANS, LLC 7 6.64% $8,211
GVC MORTGAGE, INC. 7 6.95% $5,742
NAVY FEDERAL CREDIT UNION 6 6.06% $3,934
UNITED WHOLESALE MORTGAGE, LLC 6 6.35% $10,170
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.40% $8,529
PENNYMAC LOAN SERVICES, LLC 4 5.28% $3,650
The Huntington National Bank 3 6.54% $4,335
USAA Federal Savings Bank 3 6.17% $4,410
Barrington Bank & Trust Company, N.A. 2 6.50% $3,304
NEW DAY FINANCIAL, LLC 2 6.50% $2,419
Old National Bank 2 5.88% $2,753
PNC Bank 2 6.38% $5,546
CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $8,981
STAUNTON FINANCIAL, INC. 2 7.13% $7,333
The Federal Savings Bank 2 5.88% $17,713
UNION HOME MORTGAGE CORP. 2 7.19% $4,523
CARDINAL FINANCIAL 2 6.00% $10,861
VILLAGE CAPITAL MORTGAGE 1 5.75% $7,724
BROKER SOLUTIONS, INC. 1 6.75% $6,936
CALIBER HOME LOANS, INC. 1 6.13% $6,336
First Federal Bank of the Midwest 1 6.13% $2,803
FREEDOM MORTGAGE CORPORATION 1 6.25% $10,998
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.38% $10,437
HOWARD HANNA FINANCIAL SERVICES, INC. 1 7.25% $7,562
KeyBank 1 6.88% $2,763
LOANDEPOT.COM, LLC 1 7.25% $3,887
MEMBER FIRST MORTGAGE, LLC 1 7.13% $7,690
MORTGAGE 1 INCORPORATED 1 6.99% $8,157
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $2,352
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $8,468
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $36,122
NEWREZ LLC 1 6.75% $8,386
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $1,871
The State Bank and Trust Company 1 7.38% $3,389
AMERICAN FINANCIAL NETWORK, INC. 1 7.38% $7,162

The top Adrian VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $4,660, which is $3,551 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 ($4,660), .

The lowest rate Adrian VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.95%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Adrian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $139,900 (-0.1%) $170,754 (-1.0%) 0.00 372
2018-02-01 $139,900 (-5.1%) $175,234 (-2.2%) 0.00 359
2018-03-01 $143,000 (-4.6%) $178,549 (-0.6%) 0.00 367
2018-04-01 $149,900 (-5.8%) $193,973 (4.5%) 0.00 390
2018-05-01 $153,988 (-3.4%) $198,482 (5.4%) 0.00 435
2018-06-01 $151,900 (-7.9%) $197,460 (0.3%) 0.00 481
2018-07-01 $155,425 (-5.7%) $203,081 (4.0%) 0.00 493
2018-08-01 $154,925 (-1.6%) $203,335 (5.9%) 0.00 498
2018-09-01 $159,000 (4.6%) $199,093 (4.0%) 0.00 490
2018-10-01 $159,900 (7.1%) $197,295 (5.7%) 0.00 488
2018-11-01 $165,000 (15.2%) $199,099 (11.8%) 0.00 457
2018-12-01 $165,000 (17.9%) $198,363 (14.2%) 0.00 402
2019-01-01 $165,000 (17.9%) $199,841 (17.0%) 0.00 377
2019-02-01 $162,400 (16.1%) $198,670 (13.4%) 0.00 364
2019-03-01 $167,086 (16.8%) $204,631 (14.6%) 0.00 378
2019-04-01 $169,950 (13.4%) $212,215 (9.4%) 0.00 394
2019-05-01 $169,950 (10.4%) $218,277 (10.0%) 0.00 415
2019-06-01 $175,000 (15.2%) $223,898 (13.4%) 0.00 447
2019-07-01 $177,000 (13.9%) $223,121 (9.9%) 0.00 457
2019-08-01 $179,900 (16.1%) $423,408 (108.2%) 0.00 476
2019-09-01 $179,900 (13.1%) $306,089 (53.7%) 0.00 486
2019-10-01 $179,900 (12.5%) $213,878 (8.4%) 0.00 487
2019-11-01 $164,900 (-0.1%) $202,111 (1.5%) 0.00 458
2019-12-01 $159,900 (-3.1%) $196,219 (-1.1%) 0.00 397
2020-01-01 $166,050 (0.6%) $198,168 (-0.8%) 0.00 280
2020-02-01 $159,900 (-1.5%) $203,474 (2.4%) 0.00 254
2020-03-01 $166,150 (-0.6%) $231,405 (13.1%) 0.00 245
2020-04-01 $179,900 (5.9%) $236,321 (11.4%) 0.00 253
2020-05-01 $197,000 (15.9%) $246,941 (13.1%) 0.00 263
2020-06-01 $227,729 (30.1%) $272,083 (21.5%) 0.00 236
2020-07-01 $209,971 (18.6%) $273,206 (22.5%) 0.00 210
2020-08-01 $195,000 (8.4%) $266,570 (-37.0%) 0.00 195
2020-09-01 $196,450 (9.2%) $256,497 (-16.2%) 0.00 196
2020-10-01 $199,900 (11.1%) $255,505 (19.5%) 0.00 184
2020-11-01 $189,675 (15.0%) $244,123 (20.8%) 0.00 180
2020-12-01 $179,913 (12.5%) $241,415 (23.0%) 0.00 140
2021-01-01 $169,900 (2.3%) $227,902 (15.0%) 0.00 127
2021-02-01 $179,888 (12.5%) $247,143 (21.5%) 0.00 131
2021-03-01 $191,900 (15.5%) $283,901 (22.7%) 0.00 115
2021-04-01 $203,669 (13.2%) $293,287 (24.1%) 0.00 104
2021-05-01 $199,900 (1.5%) $307,640 (24.6%) 0.00 122
2021-06-01 $218,650 (-4.0%) $305,851 (12.4%) 0.00 148
2021-07-01 $233,000 (11.0%) $306,744 (12.3%) 0.00 173
2021-08-01 $216,200 (10.9%) $294,736 (10.6%) 0.00 179
2021-09-01 $225,950 (15.0%) $285,678 (11.4%) 0.00 184
2021-10-01 $214,900 (7.5%) $270,304 (5.8%) 0.00 172
2021-11-01 $217,200 (14.5%) $260,681 (6.8%) 0.00 170
2021-12-01 $202,400 (12.5%) $266,407 (10.4%) 0.00 142
2022-01-01 $197,450 (16.2%) $272,439 (19.5%) 0.00 96
2022-02-01 $249,925 (38.9%) $299,951 (21.4%) 0.00 83
2022-03-01 $276,200 (43.9%) $319,767 (12.6%) 0.00 86
2022-04-01 $260,000 (27.7%) $307,421 (4.8%) 0.00 104
2022-05-01 $264,950 (32.5%) $307,770 (0.0%) 0.00 127
2022-06-01 $248,725 (13.8%) $309,922 (1.3%) 0.00 147
2022-07-01 $249,900 (7.3%) $313,213 (2.1%) 0.00 196
2022-08-01 $241,175 (11.6%) $315,466 (7.0%) 0.00 202
2022-09-01 $240,700 (6.5%) $306,444 (7.3%) 0.00 199
2022-10-01 $265,000 (23.3%) $319,526 (18.2%) 0.00 187
2022-11-01 $244,875 (12.7%) $291,446 (11.8%) 0.00 197
2022-12-01 $265,000 (30.9%) $292,666 (9.9%) 0.00 155
2023-01-01 $269,900 (36.7%) $297,964 (9.4%) 0.00 139
2023-02-01 $272,325 (9.0%) $305,449 (1.8%) 0.00 136
2023-03-01 $298,125 (7.9%) $306,917 (-4.0%) 0.00 118
2023-04-01 $289,000 (11.2%) $313,511 (2.0%) 0.00 126
2023-05-01 $299,700 (13.1%) $344,355 (11.9%) 0.00 125
2023-06-01 $299,750 (20.5%) $343,115 (10.7%) 0.00 142
2023-07-01 $290,000 (16.1%) $323,421 (3.3%) 0.00 147
2023-08-01 $275,000 (14.0%) $312,339 (-1.0%) 0.00 150
2023-09-01 $284,900 (18.4%) $311,645 (1.7%) 0.00 171
2023-10-01 $298,350 (12.6%) $326,137 (2.1%) 0.00 198
2023-11-01 $303,950 (24.1%) $325,063 (11.5%) 0.00 202
2023-12-01 $294,900 (11.3%) $313,078 (7.0%) 0.00 167
2024-01-01 $277,950 (3.0%) $301,171 (1.1%) 0.00 151
2024-02-01 $268,725 (-1.3%) $296,804 (-2.8%) 0.00 153
2024-03-01 $289,900 (-2.8%) $321,645 (4.8%) 0.00 164
2024-04-01 $299,950 (3.8%) $340,852 (8.7%) 0.00 150
2024-05-01 $301,175 (0.5%) $357,722 (3.9%) 0.00 166
Adrian's median listing price for 2024-05-01 was $301,175, a difference of $1,475 (0.5%) versus the prior year and $1,225 versus the prior month.

Adrian's median listing price comes in at 0% of the national average.

Adrian's average listing price for 2024-05-01 was $357,722, a difference of $13,367 (3.9%) versus the prior year and $16,870 versus the prior month.

For the 2024-05-01 period, Adrian had 166 MLS listings, a difference of 16 listings (11%) versus the prior month and 41 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Adrian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,553 sqft
2018-02-01 0 days 1,560 sqft
2018-03-01 0 days 1,561 sqft
2018-04-01 0 days 1,590 sqft
2018-05-01 0 days 1,583 sqft
2018-06-01 0 days 1,573 sqft
2018-07-01 0 days 1,579 sqft
2018-08-01 0 days 1,609 sqft
2018-09-01 0 days 1,604 sqft
2018-10-01 0 days 1,578 sqft
2018-11-01 0 days 1,623 sqft
2018-12-01 0 days 1,568 sqft
2019-01-01 0 days 1,536 sqft
2019-02-01 0 days 1,536 sqft
2019-03-01 0 days 1,557 sqft
2019-04-01 0 days 1,590 sqft
2019-05-01 0 days 1,604 sqft
2019-06-01 0 days 1,618 sqft
2019-07-01 0 days 1,612 sqft
2019-08-01 0 days 1,623 sqft
2019-09-01 0 days 1,633 sqft
2019-10-01 0 days 1,640 sqft
2019-11-01 0 days 1,576 sqft
2019-12-01 0 days 1,545 sqft
2020-01-01 0 days 1,652 sqft
2020-02-01 0 days 1,692 sqft
2020-03-01 0 days 1,679 sqft
2020-04-01 0 days 1,692 sqft
2020-05-01 0 days 1,716 sqft
2020-06-01 0 days 1,767 sqft
2020-07-01 0 days 1,722 sqft
2020-08-01 0 days 1,701 sqft
2020-09-01 0 days 1,640 sqft
2020-10-01 0 days 1,708 sqft
2020-11-01 0 days 1,655 sqft
2020-12-01 0 days 1,591 sqft
2021-01-01 0 days 1,500 sqft
2021-02-01 0 days 1,500 sqft
2021-03-01 0 days 1,500 sqft
2021-04-01 0 days 1,643 sqft
2021-05-01 0 days 1,769 sqft
2021-06-01 0 days 1,716 sqft
2021-07-01 0 days 1,703 sqft
2021-08-01 0 days 1,701 sqft
2021-09-01 0 days 1,727 sqft
2021-10-01 0 days 1,719 sqft
2021-11-01 0 days 1,623 sqft
2021-12-01 0 days 1,611 sqft
2022-01-01 0 days 1,605 sqft
2022-02-01 0 days 1,700 sqft
2022-03-01 0 days 1,732 sqft
2022-04-01 0 days 1,680 sqft
2022-05-01 0 days 1,781 sqft
2022-06-01 0 days 1,749 sqft
2022-07-01 0 days 1,700 sqft
2022-08-01 0 days 1,720 sqft
2022-09-01 0 days 1,764 sqft
2022-10-01 0 days 1,761 sqft
2022-11-01 0 days 1,704 sqft
2022-12-01 0 days 1,720 sqft
2023-01-01 0 days 1,729 sqft
2023-02-01 0 days 1,759 sqft
2023-03-01 0 days 1,715 sqft
2023-04-01 0 days 1,712 sqft
2023-05-01 0 days 1,738 sqft
2023-06-01 0 days 1,788 sqft
2023-07-01 0 days 1,736 sqft
2023-08-01 0 days 1,717 sqft
2023-09-01 0 days 1,672 sqft
2023-10-01 0 days 1,753 sqft
2023-11-01 0 days 1,782 sqft
2023-12-01 0 days 1,755 sqft
2024-01-01 0 days 1,690 sqft
2024-02-01 0 days 1,674 sqft
2024-03-01 0 days 1,770 sqft
2024-04-01 0 days 1,848 sqft
2024-05-01 0 days 1,839 sqft
Adrian's median listing age (time on market) for 2024-05-01 was 0 days.

Adrian's median square footage for active listings during the 2024-05-01 period was 1,839 sqft. One year prior, the average listing was 1,738 sqft.

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.