Bangor VA Loans
BANGOR, ME
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 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.
Bangor's 66 lenders originated 578 VA loans during 2021. The total origination value was $127,530,000, with an average VA loan value of $220,640.
Bangor VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Bangor
averaged
5.65%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.38% and
one month ago for the week of 2022-04-08, the
average rate was 5.1%.
The average rate one year ago was 3.02%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.29%.
Bangor VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bangor level.
The top Bangor VA lender as defined by loan originations is Mortgage Research Center, LLC, with
68 VA loans originated. Their average total fees are
$4,570, which is $687
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Bangor VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,044), LAKEVIEW LOAN SERVICING, LLC ($2,557), QUICKEN LOANS, LLC ($3,883), PENNYMAC LOAN SERVICES, LLC ($4,271) and NAVY FEDERAL CREDIT UNION ($4,466).
The lowest rate Bangor VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION (2.45%), NAVY FEDERAL CREDIT UNION (2.47%), PENNYMAC LOAN SERVICES, LLC (2.47%), QUICKEN LOANS, LLC (2.54%) and RESIDENTIAL MORTGAGE SERVICES, INC. (2.66%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bangor (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 | $149,000 (-0.3%) | $183,739 (-2.8%) | 0.55 | 794 |
2018-02-01 | $148,750 (-0.8%) | $184,957 (-2.6%) | 0.54 | 729 |
2018-03-01 | $149,900 (-2.8%) | $191,405 (-1.0%) | 0.52 | 725 |
2018-04-01 | $149,950 (-5.7%) | $193,066 (-2.5%) | 0.50 | 739 |
2018-05-01 | $159,450 (-0.3%) | $199,506 (1.4%) | 0.53 | 775 |
2018-06-01 | $165,000 (3.2%) | $204,193 (4.3%) | 0.55 | 827 |
2018-07-01 | $169,250 (5.9%) | $210,676 (9.4%) | 0.56 | 911 |
2018-08-01 | $168,450 (7.8%) | $207,084 (8.5%) | 0.56 | 921 |
2018-09-01 | $169,000 (7.6%) | $200,322 (3.1%) | 0.57 | 894 |
2018-10-01 | $159,950 (1.9%) | $192,710 (-1.2%) | 0.53 | 901 |
2018-11-01 | $159,900 (6.6%) | $191,607 (-0.4%) | 0.54 | 856 |
2018-12-01 | $159,000 (6.1%) | $185,780 (-2.2%) | 0.54 | 774 |
2019-01-01 | $155,000 (4.0%) | $183,469 (-0.2%) | 0.53 | 711 |
2019-02-01 | $159,900 (7.5%) | $188,963 (2.2%) | 0.54 | 687 |
2019-03-01 | $162,100 (8.1%) | $195,293 (2.0%) | 0.53 | 650 |
2019-04-01 | $166,950 (11.3%) | $200,290 (3.7%) | 0.53 | 625 |
2019-05-01 | $169,000 (6.0%) | $206,034 (3.3%) | 0.52 | 678 |
2019-06-01 | $169,900 (3.0%) | $209,988 (2.8%) | 0.52 | 755 |
2019-07-01 | $170,900 (1.0%) | $210,116 (-0.3%) | 0.53 | 825 |
2019-08-01 | $169,900 (0.9%) | $208,070 (0.5%) | 0.53 | 810 |
2019-09-01 | $169,950 (0.6%) | $210,545 (5.1%) | 0.54 | 760 |
2019-10-01 | $170,950 (6.9%) | $214,411 (11.3%) | 0.55 | 736 |
2019-11-01 | $169,900 (6.3%) | $211,114 (10.2%) | 0.55 | 683 |
2019-12-01 | $168,500 (6.0%) | $209,843 (13.0%) | 0.56 | 630 |
2020-01-01 | $168,000 (8.4%) | $211,908 (15.5%) | 0.56 | 569 |
2020-02-01 | $167,900 (5.0%) | $212,488 (12.5%) | 0.54 | 545 |
2020-03-01 | $169,000 (4.3%) | $214,157 (9.7%) | 0.53 | 528 |
2020-04-01 | $169,450 (1.5%) | $207,110 (3.4%) | 0.53 | 516 |
2020-05-01 | $180,000 (6.5%) | $217,713 (5.7%) | 0.55 | 483 |
2020-06-01 | $181,950 (7.1%) | $221,449 (5.5%) | 0.53 | 447 |
2020-07-01 | $194,000 (13.5%) | $228,529 (8.8%) | 0.56 | 433 |
2020-08-01 | $189,000 (11.2%) | $226,024 (8.6%) | 0.54 | 395 |
2020-09-01 | $184,950 (8.8%) | $220,448 (4.7%) | 0.53 | 385 |
2020-10-01 | $179,000 (4.7%) | $219,414 (2.3%) | 0.51 | 368 |
2020-11-01 | $181,950 (7.1%) | $226,934 (7.5%) | 0.52 | 354 |
2020-12-01 | $189,700 (12.6%) | $235,708 (12.3%) | 0.56 | 322 |
2021-01-01 | $189,900 (13.0%) | $238,452 (12.5%) | 0.56 | 268 |
2021-02-01 | $204,900 (22.0%) | $248,770 (17.1%) | 0.59 | 203 |
2021-03-01 | $224,450 (32.8%) | $257,836 (20.4%) | 0.63 | 181 |
2021-04-01 | $219,500 (29.5%) | $266,242 (28.6%) | 0.59 | 184 |
2021-05-01 | $239,000 (32.8%) | $274,505 (26.1%) | 0.63 | 223 |
2021-06-01 | $244,000 (34.1%) | $280,426 (26.6%) | 0.63 | 273 |
2021-07-01 | $246,950 (27.3%) | $289,005 (26.5%) | 0.64 | 317 |
2021-08-01 | $234,950 (24.3%) | $279,217 (23.5%) | 0.62 | 379 |
2021-09-01 | $234,750 (26.9%) | $279,701 (26.9%) | 0.62 | 376 |
2021-10-01 | $225,000 (25.7%) | $274,353 (25.0%) | 0.59 | 339 |
2021-11-01 | $225,000 (23.7%) | $279,718 (23.3%) | 0.59 | 314 |
2021-12-01 | $211,500 (11.5%) | $275,472 (16.9%) | 0.56 | 263 |
2022-01-01 | $205,000 (8.0%) | $289,792 (21.5%) | 0.55 | 188 |
2022-02-01 | $200,000 (-2.4%) | $291,716 (17.3%) | 0.51 | 179 |
2022-03-01 | $232,000 (3.4%) | $287,282 (11.4%) | 0.57 | 180 |
2022-04-01 | $240,000 (9.3%) | $276,883 (4.0%) | 0.56 | 178 |
Bangor's median listing price comes in at 56% of the national average.
Bangor's average listing price for 2022-04-01 was $276,883, a difference of $10,641 (4.0%) versus the prior year and $-10,399 versus the prior month.
For the 2022-04-01 period, Bangor had 178 MLS listings, a difference of -2 listings (-1%) versus the prior month and -6 listings (-3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bangor (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 149 days | 1,594 sqft |
2018-02-01 | 166 days | 1,591 sqft |
2018-03-01 | 166 days | 1,592 sqft |
2018-04-01 | 160 days | 1,584 sqft |
2018-05-01 | 102 days | 1,600 sqft |
2018-06-01 | 72 days | 1,604 sqft |
2018-07-01 | 70 days | 1,644 sqft |
2018-08-01 | 80 days | 1,633 sqft |
2018-09-01 | 87 days | 1,632 sqft |
2018-10-01 | 96 days | 1,611 sqft |
2018-11-01 | 100 days | 1,600 sqft |
2018-12-01 | 121 days | 1,600 sqft |
2019-01-01 | 129 days | 1,587 sqft |
2019-02-01 | 139 days | 1,600 sqft |
2019-03-01 | 142 days | 1,614 sqft |
2019-04-01 | 129 days | 1,634 sqft |
2019-05-01 | 80 days | 1,624 sqft |
2019-06-01 | 57 days | 1,632 sqft |
2019-07-01 | 62 days | 1,605 sqft |
2019-08-01 | 76 days | 1,604 sqft |
2019-09-01 | 85 days | 1,620 sqft |
2019-10-01 | 95 days | 1,600 sqft |
2019-11-01 | 109 days | 1,628 sqft |
2019-12-01 | 114 days | 1,635 sqft |
2020-01-01 | 123 days | 1,605 sqft |
2020-02-01 | 123 days | 1,600 sqft |
2020-03-01 | 129 days | 1,599 sqft |
2020-04-01 | 128 days | 1,600 sqft |
2020-05-01 | 107 days | 1,632 sqft |
2020-06-01 | 88 days | 1,632 sqft |
2020-07-01 | 61 days | 1,663 sqft |
2020-08-01 | 59 days | 1,630 sqft |
2020-09-01 | 57 days | 1,613 sqft |
2020-10-01 | 52 days | 1,604 sqft |
2020-11-01 | 56 days | 1,596 sqft |
2020-12-01 | 65 days | 1,610 sqft |
2021-01-01 | 84 days | 1,600 sqft |
2021-02-01 | 94 days | 1,580 sqft |
2021-03-01 | 84 days | 1,600 sqft |
2021-04-01 | 46 days | 1,690 sqft |
2021-05-01 | 29 days | 1,652 sqft |
2021-06-01 | 26 days | 1,616 sqft |
2021-07-01 | 34 days | 1,626 sqft |
2021-08-01 | 37 days | 1,623 sqft |
2021-09-01 | 48 days | 1,645 sqft |
2021-10-01 | 59 days | 1,682 sqft |
2021-11-01 | 71 days | 1,677 sqft |
2021-12-01 | 81 days | 1,567 sqft |
2022-01-01 | 107 days | 1,560 sqft |
2022-02-01 | 113 days | 1,500 sqft |
2022-03-01 | 86 days | 1,500 sqft |
2022-04-01 | 57 days | 1,547 sqft |
Bangor's median square footage for active listings during the 2022-04-01 period was 1,547 sqft. One year prior, the average listing was 1,690 sqft.