Appleton VA Loan Rates, Closing Costs & Stats

APPLETON, WI

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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.

    Appleton's 46 lenders originated 183 VA loans during 2023. The total origination value was $54,675,000, with an average VA loan value of $298,770.

    Appleton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Appleton averaged 6.7% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Appleton's average VA mortgage closing costs are $5,007.

    The average rate for the prior week (2024-07-12) was 6.74% and one month ago for the week of 2024-06-14, the average rate was 6.6%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.41%.

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

    Appleton 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 Appleton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 44 6.88% $7,667
    UNITED WHOLESALE MORTGAGE, LLC 15 6.85% $8,179
    QUICKEN LOANS, LLC 11 6.24% $12,525
    GUARANTEED RATE, INC. 10 6.57% $7,075
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.63% $5,915
    USAA Federal Savings Bank 6 6.08% $9,229
    GUILD MORTGAGE COMPANY 6 6.73% $6,664
    Paramount Residential Mortgage Group, Inc. 5 5.85% $11,288
    Wells Fargo Bank 4 6.63% $4,112
    Barrington Bank & Trust Company, N.A. 4 7.16% $6,237
    FREEDOM MORTGAGE CORPORATION 4 6.63% $8,786
    GSF Mortgage Corporation 4 6.94% $9,353
    PENNYMAC LOAN SERVICES, LLC 4 5.44% $5,900
    NAVY FEDERAL CREDIT UNION 4 5.47% $2,825
    Mr. Cooper ( Nationstar Mortgage ) 4 5.91% $17,759
    CROSSCOUNTRY MORTGAGE, LLC 4 7.25% $3,418
    Plains Commerce Bank 3 6.58% $5,862
    Waterstone Mortgage Corporation 3 7.00% $11,778
    HOMESIDE FINANCIAL, LLC 3 6.58% $6,926
    Associated Bank 2 6.44% $1,657
    Nations Lending Corporation 2 6.81% $4,876
    NEW DAY FINANCIAL, LLC 2 7.75% $5,270
    The Federal Savings Bank 2 6.50% $10,609
    MOVEMENT MORTGAGE, LLC 2 6.50% $2,767
    U.S. Bank 2 6.44% $6,198
    Wolfe Financial, Inc 1 7.00% $3,655
    Bank First, N.A. 1 6.88% $4,208
    Bank Five Nine 1 6.75% $3,393
    Bremer Bank 1 6.50% $6,318
    BROKER SOLUTIONS, INC. 1 6.75% $14,646
    CAPITAL Credit Union 1 6.13% $2,446
    CHERRY CREEK MORTGAGE, LLC 1 6.75% $4,867
    Citizens Bank 1 7.13% $2,740
    ENVOY MORTGAGE, LTD 1 7.25% $10,465
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $2,676
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $8,829
    LOANDEPOT.COM, LLC 1 6.75% $7,860
    Magnolia Bank 1 7.13% $9,833
    MEGASTAR FINANCIAL CORP. 1 6.13% $19,367
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $0
    PLANET HOME LENDING, LLC 1 6.13% $3,029
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $10,261
    The Huntington National Bank 1 7.00% $8,533
    UNION HOME MORTGAGE CORP. 1 7.00% $3,814
    VILLAGE CAPITAL MORTGAGE 1 6.25% $5,685
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $4,728

    The top Appleton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 44 VA loans originated. Their average total fees are $7,667, which is $512 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Appleton VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($7,075), Mortgage Research Center, LLC ($7,667), UNITED WHOLESALE MORTGAGE, LLC ($8,179), QUICKEN LOANS, LLC ($12,525) and .

    The lowest rate Appleton VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.24%), GUARANTEED RATE, INC. (6.57%), UNITED WHOLESALE MORTGAGE, LLC (6.85%), Mortgage Research Center, LLC (6.88%) and .

    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.