Amsterdam VA Loan Rates, Closing Costs & Stats

Amsterdam, NY

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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.

    Amsterdam's 14 lenders originated 35 VA loans during 2023. The total origination value was $9,395,000, with an average VA loan value of $268,429.

    Amsterdam VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Amsterdam averaged 6.26% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Amsterdam's average VA mortgage closing costs are $5,762.

    The average rate for the prior week (2024-12-06) was 6.09% and one month ago for the week of 2024-11-08, the average rate was 6.29%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

    Amsterdam 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 Amsterdam level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NAVY FEDERAL CREDIT UNION 5 5.65% $4,422
    Mortgage Research Center, LLC 5 6.82% $3,406
    QUICKEN LOANS, LLC 4 6.50% $10,561
    HOMESTEAD FUNDING CORP. 4 6.75% $4,521
    UNITED WHOLESALE MORTGAGE, LLC 3 6.13% $11,506
    PLAZA HOME MORTGAGE, INC. 3 6.46% $9,567
    MOVEMENT MORTGAGE, LLC 2 6.75% $14,846
    Premium Mortgage Corporation 2 6.19% $9,152
    USAA Federal Savings Bank 1 5.88% $9,253
    CARDINAL FINANCIAL 1 5.99% $16,880
    Community Bank 1 7.13% $3,056
    Equity Prime Mortgage LLC 1 7.13% $19,173
    SEFCU SERVICES, LLC 1 6.50% $6,832
    Barrington Bank & Trust Company, N.A. 1 7.00% $6,540

    The top Amsterdam VA lender as defined by loan originations is NAVY FEDERAL CREDIT UNION, with 5 VA loans originated. Their average total fees are $4,422, which is $1,016 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Amsterdam VA lenders (with over 10 loans originated) are .

    The lowest rate Amsterdam VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Amsterdam (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 $129,450 (29.5%) $152,946 (14.1%) 0.00 171
    2018-02-01 $134,900 (42.8%) $156,600 (21.6%) 0.00 163
    2018-03-01 $134,950 (40.9%) $158,429 (27.2%) 0.00 169
    2018-04-01 $135,000 (22.8%) $163,344 (25.9%) 0.00 170
    2018-05-01 $137,000 (28.2%) $175,154 (28.6%) 0.00 179
    2018-06-01 $135,000 (24.1%) $176,009 (28.1%) 0.00 188
    2018-07-01 $129,950 (8.3%) $172,473 (20.4%) 0.00 182
    2018-08-01 $129,925 (8.8%) $174,243 (21.4%) 0.00 177
    2018-09-01 $126,500 (5.9%) $174,366 (19.3%) 0.00 182
    2018-10-01 $129,700 (4.5%) $176,169 (17.6%) 0.00 191
    2018-11-01 $129,975 (1.5%) $176,226 (17.9%) 0.00 178
    2018-12-01 $124,950 (0.0%) $172,505 (16.4%) 0.00 168
    2019-01-01 $122,900 (-5.1%) $172,660 (12.9%) 0.00 160
    2019-02-01 $128,425 (-4.8%) $172,905 (10.4%) 0.00 150
    2019-03-01 $127,806 (-5.3%) $174,053 (9.9%) 0.00 145
    2019-04-01 $125,782 (-6.8%) $172,476 (5.6%) 0.00 143
    2019-05-01 $132,400 (-3.4%) $180,089 (2.8%) 0.00 156
    2019-06-01 $144,900 (7.3%) $185,429 (5.4%) 0.00 176
    2019-07-01 $137,450 (5.8%) $185,139 (7.3%) 0.00 188
    2019-08-01 $141,336 (8.8%) $181,514 (4.2%) 0.00 188
    2019-09-01 $143,341 (13.3%) $176,765 (1.4%) 0.00 189
    2019-10-01 $146,700 (13.1%) $182,712 (3.7%) 0.00 190
    2019-11-01 $139,900 (7.6%) $184,342 (4.6%) 0.00 186
    2019-12-01 $132,400 (6.0%) $180,119 (4.4%) 0.00 183
    2020-01-01 $124,900 (1.6%) $181,974 (5.4%) 0.00 166
    2020-02-01 $124,900 (-2.7%) $183,232 (6.0%) 0.00 162
    2020-03-01 $127,400 (-0.3%) $182,810 (5.0%) 0.00 170
    2020-04-01 $132,425 (5.3%) $184,123 (6.8%) 0.00 170
    2020-05-01 $129,900 (-1.9%) $189,857 (5.4%) 0.00 158
    2020-06-01 $135,000 (-6.8%) $193,470 (4.3%) 0.00 143
    2020-07-01 $146,000 (6.2%) $206,477 (11.5%) 0.00 134
    2020-08-01 $152,450 (7.9%) $211,717 (16.6%) 0.00 135
    2020-09-01 $149,563 (4.3%) $205,045 (16.0%) 0.00 139
    2020-10-01 $140,000 (-4.6%) $184,750 (1.1%) 0.00 126
    2020-11-01 $140,350 (0.3%) $181,759 (-1.4%) 0.00 122
    2020-12-01 $155,338 (17.3%) $197,504 (9.7%) 0.00 105
    2021-01-01 $159,000 (27.3%) $211,939 (16.5%) 0.00 92
    2021-02-01 $171,475 (37.3%) $232,513 (26.9%) 0.00 75
    2021-03-01 $173,200 (36.0%) $219,822 (20.3%) 0.00 62
    2021-04-01 $187,375 (41.5%) $265,132 (44.0%) 0.00 58
    2021-05-01 $177,400 (36.6%) $249,309 (31.3%) 0.00 58
    2021-06-01 $163,500 (21.1%) $243,932 (26.1%) 0.00 74
    2021-07-01 $159,950 (9.6%) $236,150 (14.4%) 0.00 85
    2021-08-01 $184,975 (21.3%) $252,401 (19.2%) 0.00 94
    2021-09-01 $185,325 (23.9%) $264,775 (29.1%) 0.00 90
    2021-10-01 $178,500 (27.5%) $242,955 (31.5%) 0.00 96
    2021-11-01 $186,000 (32.5%) $258,038 (42.0%) 0.00 88
    2021-12-01 $213,100 (37.2%) $272,284 (37.9%) 0.00 79
    2022-01-01 $187,000 (17.6%) $269,292 (27.1%) 0.00 75
    2022-02-01 $188,450 (9.9%) $267,557 (15.1%) 0.00 57
    2022-03-01 $207,425 (19.8%) $285,862 (30.0%) 0.00 63
    2022-04-01 $212,450 (13.4%) $302,179 (14.0%) 0.00 53
    2022-05-01 $184,000 (3.7%) $268,940 (7.9%) 0.00 62
    2022-06-01 $204,875 (25.3%) $256,497 (5.2%) 0.00 73
    2022-07-01 $202,250 (26.5%) $255,077 (8.0%) 0.00 78
    2022-08-01 $225,725 (22.0%) $261,404 (3.6%) 0.00 77
    2022-09-01 $221,950 (19.8%) $266,773 (0.8%) 0.00 78
    2022-10-01 $209,450 (17.3%) $260,992 (7.4%) 0.00 90
    2022-11-01 $191,875 (3.2%) $246,186 (-4.6%) 0.00 93
    2022-12-01 $193,950 (-9.0%) $245,475 (-9.9%) 0.00 90
    2023-01-01 $189,450 (1.3%) $247,971 (-7.9%) 0.00 90
    2023-02-01 $193,450 (2.7%) $254,874 (-4.7%) 0.00 82
    2023-03-01 $239,450 (15.4%) $267,385 (-6.5%) 0.00 72
    2023-04-01 $239,000 (12.5%) $265,632 (-12.1%) 0.00 69
    2023-05-01 $234,225 (27.3%) $263,571 (-2.0%) 0.00 78
    2023-06-01 $222,450 (8.6%) $243,015 (-5.3%) 0.00 80
    2023-07-01 $214,450 (6.0%) $238,192 (-6.6%) 0.00 77
    2023-08-01 $214,450 (-5.0%) $239,571 (-8.4%) 0.00 74
    2023-09-01 $192,450 (-13.3%) $235,753 (-11.6%) 0.00 83
    2023-10-01 $185,975 (-11.2%) $224,315 (-14.1%) 0.00 92
    2023-11-01 $186,700 (-2.7%) $223,639 (-9.2%) 0.00 91
    2023-12-01 $187,000 (-3.6%) $222,751 (-9.3%) 0.00 85
    2024-01-01 $181,500 (-4.2%) $220,278 (-11.2%) 0.00 74
    2024-02-01 $178,500 (-7.7%) $217,784 (-14.6%) 0.00 66
    2024-03-01 $169,950 (-29.0%) $218,377 (-18.3%) 0.00 61
    2024-04-01 $169,250 (-29.2%) $233,665 (-12.0%) 0.00 57
    2024-05-01 $199,800 (-14.7%) $256,936 (-2.5%) 0.00 66
    2024-06-01 $209,950 (-5.6%) $250,324 (3.0%) 0.00 73
    2024-07-01 $208,200 (-2.9%) $251,421 (5.6%) 0.00 73
    2024-08-01 $215,000 (0.3%) $248,320 (3.7%) 0.00 85
    2024-09-01 $215,250 (11.9%) $255,972 (8.6%) 0.00 82
    2024-10-01 $210,500 (13.2%) $245,516 (9.5%) 0.00 72
    2024-11-01 $223,950 (20.0%) $255,216 (14.1%) 0.00 91
    Amsterdam's median listing price for 2024-11-01 was $223,950, a difference of $37,250 (20.0%) versus the prior year and $13,450 versus the prior month.

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

    Amsterdam's average listing price for 2024-11-01 was $255,216, a difference of $31,577 (14.1%) versus the prior year and $9,700 versus the prior month.

    For the 2024-11-01 period, Amsterdam had 91 MLS listings, a difference of 19 listings (26%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Amsterdam (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,750 sqft
    2018-02-01 0 days 1,756 sqft
    2018-03-01 0 days 1,800 sqft
    2018-04-01 0 days 1,834 sqft
    2018-05-01 0 days 1,815 sqft
    2018-06-01 0 days 1,800 sqft
    2018-07-01 0 days 1,752 sqft
    2018-08-01 0 days 1,744 sqft
    2018-09-01 0 days 1,766 sqft
    2018-10-01 0 days 1,774 sqft
    2018-11-01 0 days 1,835 sqft
    2018-12-01 0 days 1,815 sqft
    2019-01-01 0 days 1,725 sqft
    2019-02-01 0 days 1,736 sqft
    2019-03-01 0 days 1,719 sqft
    2019-04-01 0 days 1,701 sqft
    2019-05-01 0 days 1,824 sqft
    2019-06-01 0 days 1,728 sqft
    2019-07-01 0 days 1,665 sqft
    2019-08-01 0 days 1,720 sqft
    2019-09-01 0 days 1,709 sqft
    2019-10-01 0 days 1,715 sqft
    2019-11-01 0 days 1,730 sqft
    2019-12-01 0 days 1,696 sqft
    2020-01-01 0 days 1,675 sqft
    2020-02-01 0 days 1,680 sqft
    2020-03-01 0 days 1,694 sqft
    2020-04-01 0 days 1,694 sqft
    2020-05-01 0 days 1,696 sqft
    2020-06-01 0 days 1,750 sqft
    2020-07-01 0 days 1,795 sqft
    2020-08-01 0 days 1,848 sqft
    2020-09-01 0 days 1,775 sqft
    2020-10-01 0 days 1,732 sqft
    2020-11-01 0 days 1,700 sqft
    2020-12-01 0 days 1,649 sqft
    2021-01-01 0 days 1,690 sqft
    2021-02-01 0 days 1,678 sqft
    2021-03-01 0 days 1,644 sqft
    2021-04-01 0 days 1,821 sqft
    2021-05-01 0 days 1,912 sqft
    2021-06-01 0 days 1,746 sqft
    2021-07-01 0 days 1,736 sqft
    2021-08-01 0 days 1,794 sqft
    2021-09-01 0 days 1,847 sqft
    2021-10-01 0 days 1,830 sqft
    2021-11-01 0 days 1,832 sqft
    2021-12-01 0 days 1,905 sqft
    2022-01-01 0 days 2,000 sqft
    2022-02-01 0 days 1,851 sqft
    2022-03-01 0 days 1,911 sqft
    2022-04-01 0 days 1,901 sqft
    2022-05-01 0 days 1,867 sqft
    2022-06-01 0 days 1,801 sqft
    2022-07-01 0 days 1,855 sqft
    2022-08-01 0 days 1,857 sqft
    2022-09-01 0 days 1,677 sqft
    2022-10-01 0 days 1,674 sqft
    2022-11-01 0 days 1,660 sqft
    2022-12-01 0 days 1,815 sqft
    2023-01-01 0 days 1,922 sqft
    2023-02-01 0 days 1,943 sqft
    2023-03-01 0 days 1,939 sqft
    2023-04-01 0 days 1,924 sqft
    2023-05-01 0 days 1,835 sqft
    2023-06-01 0 days 1,802 sqft
    2023-07-01 0 days 1,743 sqft
    2023-08-01 0 days 1,661 sqft
    2023-09-01 0 days 1,628 sqft
    2023-10-01 0 days 1,588 sqft
    2023-11-01 0 days 1,605 sqft
    2023-12-01 0 days 1,600 sqft
    2024-01-01 0 days 1,603 sqft
    2024-02-01 0 days 1,636 sqft
    2024-03-01 0 days 1,512 sqft
    2024-04-01 0 days 1,603 sqft
    2024-05-01 0 days 1,744 sqft
    2024-06-01 0 days 1,824 sqft
    2024-07-01 0 days 1,708 sqft
    2024-08-01 0 days 1,848 sqft
    2024-09-01 0 days 1,742 sqft
    2024-10-01 0 days 1,722 sqft
    2024-11-01 0 days 1,700 sqft
    Amsterdam's median listing age (time on market) for 2024-11-01 was 0 days.

    Amsterdam's median square footage for active listings during the 2024-11-01 period was 1,700 sqft. One year prior, the average listing was 1,605 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.