Alma VA Loan Rates, Closing Costs & Stats
Alma, 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.
Alma's 16 lenders originated 35 VA loans during 2023. The total origination value was $6,315,000, with an average VA loan value of $180,429.
Alma VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Alma
averaged
6.7%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Alma's average VA mortgage closing costs are $4,093.
The average rate for the prior week (2024-10-18) was
6.52% and
one month ago for the week of 2024-09-20, the
average rate was 5.82%.
The average rate one year ago was 7.54%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.34%.
Alma 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 Alma level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Mortgage Research Center, LLC | 10 | 7.15% | $3,041 |
PENNYMAC LOAN SERVICES, LLC | 3 | 5.58% | $3,514 |
ACADEMY MORTGAGE CORPORATION | 2 | 7.00% | $3,974 |
CROSSCOUNTRY MORTGAGE, LLC | 2 | 6.91% | $4,308 |
NAVY FEDERAL CREDIT UNION | 2 | 5.50% | $5,448 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.83% | $4,155 |
USAA Federal Savings Bank | 2 | 5.88% | $9,734 |
The Dart Bank | 1 | 6.25% | $5,047 |
NEW DAY FINANCIAL, LLC | 1 | 8.25% | $9,343 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.75% | $6,133 |
PLAZA HOME MORTGAGE, INC. | 1 | 7.25% | $5,594 |
QUICKEN LOANS, LLC | 1 | 6.63% | $7,352 |
RUOFF MORTGAGE COMPANY, INC. | 1 | 6.13% | $8,528 |
LOANDEPOT.COM, LLC | 1 | 8.13% | $6,768 |
MMS MORTGAGE SERVICES, LTD. | 1 | 7.25% | $5,594 |
BM Real Estate Services, Inc. | 1 | 7.25% | $10,942 |
The top Alma VA lender as defined by loan originations is Mortgage Research Center, LLC, with
10 VA loans originated. Their average total fees are
$3,041, which is $473
lower than the next largest lender,
PENNYMAC LOAN SERVICES, LLC.
The lowest fee Alma VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($3,041), .
The lowest rate Alma VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (7.15%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Alma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $87,400 (-12.5%) | $112,982 (-10.1%) | 0.00 | 135 |
2018-02-01 | $84,675 (-15.2%) | $114,882 (-6.0%) | 0.00 | 132 |
2018-03-01 | $82,450 (-17.4%) | $115,176 (-9.6%) | 0.00 | 141 |
2018-04-01 | $84,450 (-16.8%) | $115,644 (-10.4%) | 0.00 | 141 |
2018-05-01 | $89,075 (-10.8%) | $126,365 (-1.7%) | 0.00 | 146 |
2018-06-01 | $94,900 (-3.7%) | $135,945 (5.6%) | 0.00 | 153 |
2018-07-01 | $97,175 (-1.8%) | $134,250 (4.3%) | 0.00 | 163 |
2018-08-01 | $105,000 (5.1%) | $145,598 (12.3%) | 0.00 | 161 |
2018-09-01 | $105,000 (3.5%) | $143,891 (10.7%) | 0.00 | 154 |
2018-10-01 | $102,450 (2.6%) | $145,120 (14.1%) | 0.00 | 156 |
2018-11-01 | $97,125 (6.2%) | $133,685 (9.5%) | 0.00 | 154 |
2018-12-01 | $88,900 (-1.1%) | $126,798 (10.5%) | 0.00 | 146 |
2019-01-01 | $88,800 (1.6%) | $127,448 (12.8%) | 0.00 | 136 |
2019-02-01 | $87,450 (3.3%) | $127,097 (10.6%) | 0.00 | 130 |
2019-03-01 | $89,386 (8.4%) | $122,859 (6.7%) | 0.00 | 128 |
2019-04-01 | $96,900 (14.7%) | $128,434 (11.1%) | 0.00 | 133 |
2019-05-01 | $98,100 (10.1%) | $131,239 (3.9%) | 0.00 | 129 |
2019-06-01 | $99,900 (5.3%) | $136,844 (0.7%) | 0.00 | 135 |
2019-07-01 | $99,900 (2.8%) | $130,959 (-2.5%) | 0.00 | 132 |
2019-08-01 | $108,518 (3.4%) | $131,768 (-9.5%) | 0.00 | 129 |
2019-09-01 | $109,295 (4.1%) | $128,884 (-10.4%) | 0.00 | 130 |
2019-10-01 | $112,663 (10.0%) | $129,346 (-10.9%) | 0.00 | 118 |
2019-11-01 | $107,400 (10.6%) | $130,701 (-2.2%) | 0.00 | 91 |
2019-12-01 | $134,975 (51.8%) | $143,449 (13.1%) | 0.00 | 81 |
2020-01-01 | $119,900 (35.0%) | $134,833 (5.8%) | 0.00 | 79 |
2020-02-01 | $119,900 (37.1%) | $133,035 (4.7%) | 0.00 | 81 |
2020-03-01 | $110,700 (23.9%) | $134,974 (9.9%) | 0.00 | 72 |
2020-04-01 | $119,900 (23.7%) | $141,375 (10.1%) | 0.00 | 66 |
2020-05-01 | $114,900 (17.1%) | $141,888 (8.1%) | 0.00 | 66 |
2020-06-01 | $146,175 (46.3%) | $158,947 (16.2%) | 0.00 | 57 |
2020-07-01 | $136,850 (37.0%) | $165,997 (26.8%) | 0.00 | 58 |
2020-08-01 | $119,900 (10.5%) | $153,905 (16.8%) | 0.00 | 63 |
2020-09-01 | $129,900 (18.9%) | $181,538 (40.9%) | 0.00 | 55 |
2020-10-01 | $129,900 (15.3%) | $178,078 (37.7%) | 0.00 | 60 |
2020-11-01 | $127,600 (18.8%) | $170,360 (30.3%) | 0.00 | 66 |
2020-12-01 | $124,900 (-7.5%) | $171,917 (19.9%) | 0.00 | 61 |
2021-01-01 | $124,900 (4.2%) | $163,026 (20.9%) | 0.00 | 54 |
2021-02-01 | $124,900 (4.2%) | $174,144 (30.9%) | 0.00 | 35 |
2021-03-01 | $131,200 (18.5%) | $191,583 (41.9%) | 0.00 | 35 |
2021-04-01 | $133,950 (11.7%) | $189,522 (34.1%) | 0.00 | 30 |
2021-05-01 | $149,900 (30.5%) | $195,946 (38.1%) | 0.00 | 35 |
2021-06-01 | $176,400 (20.7%) | $198,816 (25.1%) | 0.00 | 43 |
2021-07-01 | $162,400 (18.7%) | $200,908 (21.0%) | 0.00 | 52 |
2021-08-01 | $161,250 (34.5%) | $200,269 (30.1%) | 0.00 | 65 |
2021-09-01 | $141,800 (9.2%) | $190,094 (4.7%) | 0.00 | 74 |
2021-10-01 | $134,950 (3.9%) | $186,481 (4.7%) | 0.00 | 72 |
2021-11-01 | $129,575 (1.6%) | $177,121 (4.0%) | 0.00 | 62 |
2021-12-01 | $135,175 (8.2%) | $192,178 (11.8%) | 0.00 | 48 |
2022-01-01 | $169,000 (35.3%) | $219,647 (34.7%) | 0.00 | 43 |
2022-02-01 | $147,500 (18.1%) | $204,086 (17.2%) | 0.00 | 35 |
2022-03-01 | $165,925 (26.5%) | $218,142 (13.9%) | 0.00 | 33 |
2022-04-01 | $149,900 (11.9%) | $193,808 (2.3%) | 0.00 | 45 |
2022-05-01 | $159,875 (6.7%) | $207,162 (5.7%) | 0.00 | 51 |
2022-06-01 | $164,925 (-6.5%) | $227,682 (14.5%) | 0.00 | 53 |
2022-07-01 | $179,900 (10.8%) | $246,127 (22.5%) | 0.00 | 60 |
2022-08-01 | $182,450 (13.2%) | $245,149 (22.4%) | 0.00 | 71 |
2022-09-01 | $167,200 (17.9%) | $227,328 (19.6%) | 0.00 | 76 |
2022-10-01 | $167,000 (23.8%) | $224,329 (20.3%) | 0.00 | 78 |
2022-11-01 | $169,925 (31.1%) | $222,608 (25.7%) | 0.00 | 87 |
2022-12-01 | $155,500 (15.0%) | $206,296 (7.4%) | 0.00 | 73 |
2023-01-01 | $149,675 (-11.4%) | $214,139 (-2.5%) | 0.00 | 62 |
2023-02-01 | $160,000 (8.5%) | $218,497 (7.1%) | 0.00 | 46 |
2023-03-01 | $170,675 (2.9%) | $226,207 (3.7%) | 0.00 | 42 |
2023-04-01 | $169,850 (13.3%) | $215,092 (11.0%) | 0.00 | 33 |
2023-05-01 | $219,475 (37.3%) | $256,208 (23.7%) | 0.00 | 35 |
2023-06-01 | $210,975 (27.9%) | $264,729 (16.3%) | 0.00 | 35 |
2023-07-01 | $199,000 (10.6%) | $259,304 (5.4%) | 0.00 | 41 |
2023-08-01 | $185,950 (1.9%) | $242,994 (-0.9%) | 0.00 | 49 |
2023-09-01 | $182,000 (8.9%) | $228,094 (0.3%) | 0.00 | 48 |
2023-10-01 | $184,000 (10.2%) | $219,045 (-2.4%) | 0.00 | 58 |
2023-11-01 | $183,000 (7.7%) | $226,233 (1.6%) | 0.00 | 68 |
2023-12-01 | $179,000 (15.1%) | $220,125 (6.7%) | 0.00 | 53 |
2024-01-01 | $177,800 (18.8%) | $222,336 (3.8%) | 0.00 | 45 |
2024-02-01 | $169,500 (5.9%) | $215,988 (-1.2%) | 0.00 | 46 |
2024-03-01 | $180,000 (5.5%) | $230,466 (1.9%) | 0.00 | 48 |
2024-04-01 | $179,950 (6.0%) | $220,791 (2.7%) | 0.00 | 53 |
2024-05-01 | $179,725 (-18.1%) | $221,905 (-13.4%) | 0.00 | 48 |
2024-06-01 | $189,900 (-10.0%) | $231,321 (-12.6%) | 0.00 | 54 |
2024-07-01 | $224,950 (13.0%) | $238,488 (-8.0%) | 0.00 | 54 |
2024-08-01 | $252,450 (35.8%) | $250,136 (2.9%) | 0.00 | 66 |
2024-09-01 | $229,575 (26.1%) | $249,060 (9.2%) | 0.00 | 77 |
Alma's median listing price comes in at 0% of the national average.
Alma's average listing price for 2024-09-01 was $249,060, a difference of $20,966 (9.2%) versus the prior year and $-1,076 versus the prior month.
For the 2024-09-01 period, Alma had 77 MLS listings, a difference of 11 listings (17%) versus the prior month and 29 listings (60%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Alma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,523 sqft |
2018-02-01 | 0 days | 1,512 sqft |
2018-03-01 | 0 days | 1,460 sqft |
2018-04-01 | 0 days | 1,454 sqft |
2018-05-01 | 0 days | 1,479 sqft |
2018-06-01 | 0 days | 1,506 sqft |
2018-07-01 | 0 days | 1,546 sqft |
2018-08-01 | 0 days | 1,562 sqft |
2018-09-01 | 0 days | 1,557 sqft |
2018-10-01 | 0 days | 1,579 sqft |
2018-11-01 | 0 days | 1,500 sqft |
2018-12-01 | 0 days | 1,450 sqft |
2019-01-01 | 0 days | 1,450 sqft |
2019-02-01 | 0 days | 1,473 sqft |
2019-03-01 | 0 days | 1,471 sqft |
2019-04-01 | 0 days | 1,499 sqft |
2019-05-01 | 0 days | 1,507 sqft |
2019-06-01 | 0 days | 1,612 sqft |
2019-07-01 | 0 days | 1,600 sqft |
2019-08-01 | 0 days | 1,568 sqft |
2019-09-01 | 0 days | 1,558 sqft |
2019-10-01 | 0 days | 1,579 sqft |
2019-11-01 | 0 days | 1,600 sqft |
2019-12-01 | 0 days | 1,760 sqft |
2020-01-01 | 0 days | 1,736 sqft |
2020-02-01 | 0 days | 1,702 sqft |
2020-03-01 | 0 days | 1,576 sqft |
2020-04-01 | 0 days | 1,653 sqft |
2020-05-01 | 0 days | 1,569 sqft |
2020-06-01 | 0 days | 1,775 sqft |
2020-07-01 | 0 days | 1,703 sqft |
2020-08-01 | 0 days | 1,680 sqft |
2020-09-01 | 0 days | 1,708 sqft |
2020-10-01 | 0 days | 1,660 sqft |
2020-11-01 | 0 days | 1,653 sqft |
2020-12-01 | 0 days | 1,600 sqft |
2021-01-01 | 0 days | 1,570 sqft |
2021-02-01 | 0 days | 1,511 sqft |
2021-03-01 | 0 days | 1,509 sqft |
2021-04-01 | 0 days | 1,593 sqft |
2021-05-01 | 0 days | 1,726 sqft |
2021-06-01 | 0 days | 1,728 sqft |
2021-07-01 | 0 days | 1,749 sqft |
2021-08-01 | 0 days | 1,590 sqft |
2021-09-01 | 0 days | 1,536 sqft |
2021-10-01 | 0 days | 1,552 sqft |
2021-11-01 | 0 days | 1,458 sqft |
2021-12-01 | 0 days | 1,458 sqft |
2022-01-01 | 0 days | 1,633 sqft |
2022-02-01 | 0 days | 1,566 sqft |
2022-03-01 | 0 days | 1,601 sqft |
2022-04-01 | 0 days | 1,604 sqft |
2022-05-01 | 0 days | 1,642 sqft |
2022-06-01 | 0 days | 1,657 sqft |
2022-07-01 | 0 days | 1,681 sqft |
2022-08-01 | 0 days | 1,708 sqft |
2022-09-01 | 0 days | 1,654 sqft |
2022-10-01 | 0 days | 1,669 sqft |
2022-11-01 | 0 days | 1,716 sqft |
2022-12-01 | 0 days | 1,653 sqft |
2023-01-01 | 0 days | 1,612 sqft |
2023-02-01 | 0 days | 1,614 sqft |
2023-03-01 | 0 days | 1,477 sqft |
2023-04-01 | 0 days | 1,573 sqft |
2023-05-01 | 0 days | 1,805 sqft |
2023-06-01 | 0 days | 1,853 sqft |
2023-07-01 | 0 days | 1,878 sqft |
2023-08-01 | 0 days | 1,771 sqft |
2023-09-01 | 0 days | 1,690 sqft |
2023-10-01 | 0 days | 1,758 sqft |
2023-11-01 | 0 days | 1,844 sqft |
2023-12-01 | 0 days | 1,860 sqft |
2024-01-01 | 0 days | 1,791 sqft |
2024-02-01 | 0 days | 1,752 sqft |
2024-03-01 | 0 days | 1,755 sqft |
2024-04-01 | 0 days | 1,622 sqft |
2024-05-01 | 0 days | 1,759 sqft |
2024-06-01 | 0 days | 1,788 sqft |
2024-07-01 | 0 days | 1,792 sqft |
2024-08-01 | 0 days | 1,798 sqft |
2024-09-01 | 0 days | 1,778 sqft |
Alma's median square footage for active listings during the 2024-09-01 period was 1,778 sqft. One year prior, the average listing was 1,690 sqft.