Auburn VA Loan Rates, Closing Costs & Stats

Auburn, 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.

    Auburn's 12 lenders originated 39 VA loans during 2023. The total origination value was $8,735,000, with an average VA loan value of $223,974.

    Auburn VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Auburn averaged 6.53% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Auburn's average VA mortgage closing costs are $5,439.

    The average rate for the prior week (2024-04-05) was 6.78% and one month ago for the week of 2024-03-08, the average rate was 6.61%.

    The average rate one year ago was 5.9%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.77%.

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

    Auburn 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 Auburn level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Genesee Regional Bank 7 6.64% $7,006
    QUICKEN LOANS, LLC 6 5.99% $9,995
    Mortgage Research Center, LLC 5 6.68% $10,139
    NAVY FEDERAL CREDIT UNION 4 6.06% $4,206
    Barrington Bank & Trust Company, N.A. 4 6.97% $7,380
    PLAZA HOME MORTGAGE, INC. 3 6.91% $7,488
    USAA Federal Savings Bank 2 5.31% $17,198
    NBKC BANK 1 5.63% $11,728
    LOANDEPOT.COM, LLC 1 5.50% $4,657
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $3,679
    GUARANTEED RATE AFFINITY, LLC 1 5.63% $8,195
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $1,882

    The top Auburn VA lender as defined by loan originations is Genesee Regional Bank, with 7 VA loans originated. Their average total fees are $7,006, which is $2,989 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Auburn (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 $131,150 (-2.1%) $202,545 (1.7%) 0.00 254
    2018-02-01 $139,450 (-0.3%) $219,148 (10.5%) 0.00 250
    2018-03-01 $139,950 (0.0%) $217,001 (2.8%) 0.00 235
    2018-04-01 $147,575 (1.3%) $220,651 (1.9%) 0.00 247
    2018-05-01 $157,625 (4.3%) $223,303 (-0.2%) 0.00 253
    2018-06-01 $170,450 (6.9%) $238,088 (5.3%) 0.00 286
    2018-07-01 $179,600 (10.5%) $242,942 (-3.2%) 0.00 308
    2018-08-01 $176,075 (8.4%) $248,920 (0.8%) 0.00 298
    2018-09-01 $169,900 (6.3%) $249,143 (1.2%) 0.00 289
    2018-10-01 $172,100 (14.8%) $250,997 (5.5%) 0.00 289
    2018-11-01 $173,000 (15.8%) $257,154 (7.1%) 0.00 275
    2018-12-01 $167,750 (19.9%) $257,844 (16.5%) 0.00 250
    2019-01-01 $159,925 (21.9%) $248,485 (22.7%) 0.00 211
    2019-02-01 $160,700 (15.2%) $255,776 (16.7%) 0.00 195
    2019-03-01 $179,329 (28.1%) $271,214 (25.0%) 0.00 203
    2019-04-01 $195,450 (32.4%) $285,185 (29.3%) 0.00 222
    2019-05-01 $197,225 (25.1%) $276,782 (24.0%) 0.00 247
    2019-06-01 $189,900 (11.4%) $273,695 (15.0%) 0.00 278
    2019-07-01 $204,850 (14.1%) $283,796 (16.8%) 0.00 275
    2019-08-01 $203,827 (15.8%) $285,614 (14.7%) 0.00 270
    2019-09-01 $199,818 (17.6%) $286,541 (15.0%) 0.00 261
    2019-10-01 $195,800 (13.8%) $283,981 (13.1%) 0.00 252
    2019-11-01 $179,450 (3.7%) $272,041 (5.8%) 0.00 246
    2019-12-01 $169,900 (1.3%) $256,515 (-0.5%) 0.00 220
    2020-01-01 $165,000 (3.2%) $256,278 (3.1%) 0.00 192
    2020-02-01 $174,900 (8.8%) $251,204 (-1.8%) 0.00 188
    2020-03-01 $179,900 (0.3%) $260,749 (-3.9%) 0.00 172
    2020-04-01 $179,300 (-8.3%) $261,363 (-8.4%) 0.00 160
    2020-05-01 $189,900 (-3.7%) $278,846 (0.8%) 0.00 163
    2020-06-01 $214,950 (13.2%) $299,316 (9.4%) 0.00 181
    2020-07-01 $215,950 (5.4%) $300,584 (5.9%) 0.00 181
    2020-08-01 $219,900 (7.9%) $295,423 (3.4%) 0.00 151
    2020-09-01 $184,900 (-7.5%) $281,391 (-1.8%) 0.00 149
    2020-10-01 $179,900 (-8.1%) $302,677 (6.6%) 0.00 144
    2020-11-01 $179,800 (0.2%) $302,307 (11.1%) 0.00 127
    2020-12-01 $152,400 (-10.3%) $285,298 (11.2%) 0.00 127
    2021-01-01 $164,900 (-0.1%) $299,487 (16.9%) 0.00 98
    2021-02-01 $153,425 (-12.3%) $317,710 (26.5%) 0.00 85
    2021-03-01 $174,900 (-2.8%) $344,293 (32.0%) 0.00 83
    2021-04-01 $215,000 (19.9%) $348,957 (33.5%) 0.00 84
    2021-05-01 $209,450 (10.3%) $332,447 (19.2%) 0.00 94
    2021-06-01 $199,000 (-7.4%) $322,221 (7.7%) 0.00 103
    2021-07-01 $195,000 (-9.7%) $302,056 (0.5%) 0.00 123
    2021-08-01 $233,425 (6.2%) $328,312 (11.1%) 0.00 105
    2021-09-01 $219,450 (18.7%) $326,176 (15.9%) 0.00 114
    2021-10-01 $224,900 (25.0%) $338,114 (11.7%) 0.00 117
    2021-11-01 $212,400 (18.1%) $295,342 (-2.3%) 0.00 89
    2021-12-01 $196,564 (29.0%) $259,112 (-9.2%) 0.00 83
    2022-01-01 $179,900 (9.1%) $265,142 (-11.5%) 0.00 76
    2022-02-01 $158,650 (3.4%) $260,797 (-17.9%) 0.00 67
    2022-03-01 $165,000 (-5.7%) $230,809 (-33.0%) 0.00 59
    2022-04-01 $192,400 (-10.5%) $274,069 (-21.5%) 0.00 79
    2022-05-01 $203,450 (-2.9%) $301,881 (-9.2%) 0.00 92
    2022-06-01 $214,425 (7.8%) $315,709 (-2.0%) 0.00 96
    2022-07-01 $200,000 (2.6%) $314,616 (4.2%) 0.00 117
    2022-08-01 $216,675 (-7.2%) $331,453 (1.0%) 0.00 126
    2022-09-01 $189,950 (-13.4%) $323,406 (-0.9%) 0.00 128
    2022-10-01 $189,700 (-15.7%) $330,306 (-2.3%) 0.00 124
    2022-11-01 $192,450 (-9.4%) $339,025 (14.8%) 0.00 110
    2022-12-01 $195,000 (-0.8%) $320,655 (23.8%) 0.00 96
    2023-01-01 $186,100 (3.5%) $308,797 (16.5%) 0.00 71
    2023-02-01 $189,900 (19.7%) $305,410 (17.1%) 0.00 62
    2023-03-01 $210,375 (27.5%) $375,924 (62.9%) 0.00 53
    2023-04-01 $265,000 (37.7%) $409,868 (49.6%) 0.00 54
    2023-05-01 $235,700 (15.9%) $393,021 (30.2%) 0.00 55
    2023-06-01 $237,475 (10.8%) $360,770 (14.3%) 0.00 61
    2023-07-01 $234,950 (17.5%) $343,902 (9.3%) 0.00 80
    2023-08-01 $241,650 (11.5%) $331,305 (0.0%) 0.00 91
    2023-09-01 $239,950 (26.3%) $385,186 (19.1%) 0.00 102
    2023-10-01 $237,500 (25.2%) $387,659 (17.4%) 0.00 88
    2023-11-01 $223,563 (16.2%) $361,677 (6.7%) 0.00 85
    2023-12-01 $199,950 (2.5%) $353,327 (10.2%) 0.00 86
    2024-01-01 $204,725 (10.0%) $369,874 (19.8%) 0.00 69
    2024-02-01 $214,925 (13.2%) $386,764 (26.6%) 0.00 62
    2024-03-01 $224,900 (6.9%) $330,814 (-12.0%) 0.00 59
    Auburn's median listing price for 2024-03-01 was $224,900, a difference of $14,525 (6.9%) versus the prior year and $9,975 versus the prior month.

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

    Auburn's average listing price for 2024-03-01 was $330,814, a difference of $-45,110 (-12.0%) versus the prior year and $-55,950 versus the prior month.

    For the 2024-03-01 period, Auburn had 59 MLS listings, a difference of -3 listings (-5%) versus the prior month and 6 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,717 sqft
    2018-02-01 0 days 1,680 sqft
    2018-03-01 0 days 1,719 sqft
    2018-04-01 0 days 1,720 sqft
    2018-05-01 0 days 1,714 sqft
    2018-06-01 0 days 1,708 sqft
    2018-07-01 0 days 1,734 sqft
    2018-08-01 0 days 1,721 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,668 sqft
    2018-11-01 0 days 1,704 sqft
    2018-12-01 0 days 1,724 sqft
    2019-01-01 0 days 1,680 sqft
    2019-02-01 0 days 1,691 sqft
    2019-03-01 0 days 1,782 sqft
    2019-04-01 0 days 1,842 sqft
    2019-05-01 0 days 1,749 sqft
    2019-06-01 0 days 1,698 sqft
    2019-07-01 0 days 1,693 sqft
    2019-08-01 0 days 1,739 sqft
    2019-09-01 0 days 1,780 sqft
    2019-10-01 0 days 1,801 sqft
    2019-11-01 0 days 1,792 sqft
    2019-12-01 0 days 1,747 sqft
    2020-01-01 0 days 1,794 sqft
    2020-02-01 0 days 1,770 sqft
    2020-03-01 0 days 1,781 sqft
    2020-04-01 0 days 1,746 sqft
    2020-05-01 0 days 1,829 sqft
    2020-06-01 0 days 1,855 sqft
    2020-07-01 0 days 1,815 sqft
    2020-08-01 0 days 1,851 sqft
    2020-09-01 0 days 1,862 sqft
    2020-10-01 0 days 1,872 sqft
    2020-11-01 0 days 1,774 sqft
    2020-12-01 0 days 1,659 sqft
    2021-01-01 0 days 1,640 sqft
    2021-02-01 0 days 1,654 sqft
    2021-03-01 0 days 1,693 sqft
    2021-04-01 0 days 1,724 sqft
    2021-05-01 0 days 1,716 sqft
    2021-06-01 0 days 1,784 sqft
    2021-07-01 0 days 1,828 sqft
    2021-08-01 0 days 1,883 sqft
    2021-09-01 0 days 1,746 sqft
    2021-10-01 0 days 1,792 sqft
    2021-11-01 0 days 1,777 sqft
    2021-12-01 0 days 1,696 sqft
    2022-01-01 0 days 1,694 sqft
    2022-02-01 0 days 1,687 sqft
    2022-03-01 0 days 1,736 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,783 sqft
    2022-06-01 0 days 1,860 sqft
    2022-07-01 0 days 1,702 sqft
    2022-08-01 0 days 1,833 sqft
    2022-09-01 0 days 1,778 sqft
    2022-10-01 0 days 1,844 sqft
    2022-11-01 0 days 1,881 sqft
    2022-12-01 0 days 1,823 sqft
    2023-01-01 0 days 1,689 sqft
    2023-02-01 0 days 1,778 sqft
    2023-03-01 0 days 1,864 sqft
    2023-04-01 0 days 1,936 sqft
    2023-05-01 0 days 1,689 sqft
    2023-06-01 0 days 1,736 sqft
    2023-07-01 0 days 1,683 sqft
    2023-08-01 0 days 1,775 sqft
    2023-09-01 0 days 1,872 sqft
    2023-10-01 0 days 1,722 sqft
    2023-11-01 0 days 1,812 sqft
    2023-12-01 0 days 1,882 sqft
    2024-01-01 0 days 1,753 sqft
    2024-02-01 0 days 1,782 sqft
    2024-03-01 0 days 1,728 sqft
    Auburn's median listing age (time on market) for 2024-03-01 was 0 days.

    Auburn's median square footage for active listings during the 2024-03-01 period was 1,728 sqft. One year prior, the average listing was 1,864 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.