Barnstable Town VA Loans

BARNSTABLE TOWN, MA

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.

Barnstable Town's 92 lenders originated 701 VA loans during 2021. The total origination value was $263,445,000, with an average VA loan value of $375,813.

Barnstable Town VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Barnstable Town averaged 5.31% 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 5.44% and one month ago for the week of 2022-04-08, the average rate was 4.86%.

The average rate one year ago was 2.78%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.47%.

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

Barnstable Town 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 Barnstable Town level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 94 2.49% $8,642
PENNYMAC LOAN SERVICES, LLC 54 2.33% $6,274
Mortgage Research Center, LLC 41 2.95% $8,848
FREEDOM MORTGAGE CORPORATION 39 2.37% $3,762
LOANDEPOT.COM, LLC 31 2.41% $5,742
UNITED WHOLESALE MORTGAGE, LLC 25 2.54% $7,600
NAVY FEDERAL CREDIT UNION 24 2.54% $6,527
LAKEVIEW LOAN SERVICING, LLC 22 2.44% $4,459
NEWREZ LLC 20 2.59% $7,483
HOME POINT FINANCIAL CORPORATION 18 2.40% $7,089
The Federal Savings Bank 16 2.39% $9,888
RADIUS FINANCIAL GROUP INC. 14 2.64% $4,743
USAA Federal Savings Bank 12 2.84% $7,729
Mr. Cooper ( Nationstar Mortgage ) 12 2.59% $5,120
RESIDENTIAL MORTGAGE SERVICES, INC. 10 2.71% $9,789
North American Savings Bank, F.S.B. 10 2.25% $2,367
EQUITY RESOURCES, INC. 9 2.64% $7,005
GUARANTEED RATE, INC. 8 2.47% $4,751
AMERICAN FINANCIAL NETWORK, INC. 8 2.39% $12,855
Barrington Bank & Trust Company, N.A. 7 2.75% $8,304
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 2.57% $5,995
CROSSCOUNTRY MORTGAGE, LLC 7 2.87% $14,809
CALIBER HOME LOANS, INC. 6 2.33% $5,685
Shamrock Home Loans, Inc. 6 2.81% $8,020
BROKER SOLUTIONS, INC. 5 2.60% $5,426
Wells Fargo Bank 5 2.48% $6,650
MUTUAL OF OMAHA MORTGAGE, INC. 4 2.41% $5,500
Meridian Bank Corporation 4 2.84% $9,654
West Town Bank & Trust 4 2.72% $11,750
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.72% $3,589
EMM LOANS LLC 3 2.46% $27,089
AMERISAVE MORTGAGE CORPORATION 3 2.54% $5,482
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.79% $13,189
KS StateBank 3 2.38% $13,133
NBKC BANK 3 2.75% $7,512
PENTAGON FEDERAL CREDIT UNION 3 2.38% $1,317
STEARNS LENDING, LLC 3 2.25% $10,103
VILLAGE CAPITAL & INVESTMENT LLC 3 2.67% $2,978
SALEM FIVE MORTGAGE COMPANY, LLC 2 2.44% $7,460
HARBORONE MORTGAGE, LLC 2 2.63% $6,539
First Federal Bank 2 2.75% $3,285
PNC Bank 2 3.00% $2,539
Envision Bank 2 2.31% $10,818
MOVEMENT MORTGAGE, LLC 2 2.81% $6,097
ALLIED MORTGAGE GROUP, INC. 2 3.00% $2,217
EMBRACE HOME LOANS, INC. 2 2.38% $4,627
Flagstar Bank, FSB 2 2.57% $1,122
FIRST HOME MORTGAGE CORPORATION 2 2.94% $7,192
Bank of England 2 3.00% $3,876
Citizens Bank 2 2.56% $4,756
Mid-Continent Funding, Inc. 2 2.81% $3,005
Eastern Bank 1 3.25% $3,256
ZILLOW HOME LOANS, LLC 1 2.63% $2,332
DREW MORTGAGE ASSOCIATES, INC. 1 2.99% $13,543
NFM, INC. 1 2.63% $15,435
NJ LENDERS CORP. 1 2.25% $1,440
DRAPER AND KRAMER MORTGAGE CORP. 1 2.63% $3,281
NORTHERN MORTGAGE SERVICES, LLC 1 2.25% $2,631
NORWICH COMMERCIAL GROUP, INC. 1 2.75% $20,005
OCEANSIDE MORTGAGE COMPANY 1 2.49% $250
OCMBC, INC. 1 3.00% $3,884
CONWAY FINANCIAL SERVICES, LLC 1 2.63% $4,318
Bank of America 1 3.25% $6,819
Prime Choice Funding Inc. 1 2.25% $1,525
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $5,263
CONTOUR MORTGAGE CORPORATION 1 2.75% $18,887
Community First National Bank 1 2.38% $23,636
RELIANCE FIRST CAPITAL, LLC 1 2.38% $23,726
Rockland Trust Company 1 2.88% $23,830
Santander Bank, N.A. 1 2.75% $3,224
Bridgewater Savings Bank 1 2.38% $2,483
AMERICAN FINANCING CORPORATION 1 2.25% $2,721
TD Bank 1 2.88% $1,969
BNC National Bank 1 2.63% $3,635
TJC Mortgage, Inc. 1 1.75% $11,763
First Savings Bank 1 2.25% $3,017
GUARANTEED RATE AFFINITY, LLC 1 2.38% $4,198
First Home Bank 1 2.25% $1,222
HANSCOM 1 3.25% $2,907
HANCOCK MORTGAGE PARTNERS, LLC 1 3.50% $24,984
Blue Ridge Bank 1 3.00% $3,359
First Guaranty Mortgage Corporation 1 2.50% $2,755
HOMESIDE FINANCIAL, LLC 1 2.25% $21,411
HOMESPIRE MORTGAGE CORPORATION 1 2.88% $3,377
INLAND BANK & TRUST 1 2.38% $25,382
INTELLILOAN, INC. 1 2.25% $9,965
First Federal Bank of Kansas City 1 2.25% $4,953
Leader Bank 1 2.50% $2,810
LEADERONE FINANCIAL CORPORATION 1 2.25% $25,938
Evolve Bank & Trust 1 2.75% $23,612
MORTGAGE EQUITY PARTNERS LLC 1 2.38% $3,485
Mortgage Network, Inc. 1 2.88% $4,760

The top Barnstable Town VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 94 VA loans originated. Their average total fees are $8,642, which is $2,367 higher than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

The lowest fee Barnstable Town VA lenders (with over 10 loans originated) are North American Savings Bank, F.S.B. ($2,367), FREEDOM MORTGAGE CORPORATION ($3,762), LAKEVIEW LOAN SERVICING, LLC ($4,459), RADIUS FINANCIAL GROUP INC. ($4,743) and Mr. Cooper ( Nationstar Mortgage ) ($5,120).

The lowest rate Barnstable Town VA lenders (with over 10 loans originated) are North American Savings Bank, F.S.B. (2.25%), PENNYMAC LOAN SERVICES, LLC (2.33%), FREEDOM MORTGAGE CORPORATION (2.37%), The Federal Savings Bank (2.39%) and HOME POINT FINANCIAL CORPORATION (2.40%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Barnstable Town (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 $569,500 (4.0%) $968,173 (3.4%) 2.10 2,509
2018-02-01 $575,000 (1.0%) $964,457 (0.8%) 2.07 2,495
2018-03-01 $589,000 (1.6%) $984,307 (3.9%) 2.04 2,518
2018-04-01 $599,900 (0.8%) $1,013,544 (7.0%) 2.01 2,666
2018-05-01 $599,950 (3.6%) $994,513 (10.5%) 2.00 2,938
2018-06-01 $599,000 (3.8%) $962,824 (7.2%) 2.00 3,165
2018-07-01 $599,000 (3.5%) $952,934 (5.5%) 2.00 3,327
2018-08-01 $579,450 (1.8%) $931,512 (2.8%) 1.94 3,496
2018-09-01 $559,900 (-1.6%) $913,874 (-1.2%) 1.87 3,709
2018-10-01 $549,000 (-1.4%) $894,754 (-1.4%) 1.84 3,872
2018-11-01 $549,900 (-2.7%) $915,245 (0.2%) 1.84 3,675
2018-12-01 $559,000 (-1.9%) $930,210 (-2.6%) 1.91 3,215
2019-01-01 $549,000 (-3.6%) $929,131 (-4.0%) 1.89 2,818
2019-02-01 $567,000 (-1.4%) $942,551 (-2.3%) 1.90 2,887
2019-03-01 $586,429 (-0.4%) $956,679 (-2.8%) 1.91 3,055
2019-04-01 $596,000 (-0.7%) $953,503 (-5.9%) 1.88 3,304
2019-05-01 $596,500 (-0.6%) $953,805 (-4.1%) 1.84 3,532
2019-06-01 $596,627 (-0.4%) $948,825 (-1.5%) 1.84 3,705
2019-07-01 $599,000 (0.0%) $966,118 (1.4%) 1.86 3,681
2019-08-01 $590,857 (2.0%) $959,442 (3.0%) 1.86 3,637
2019-09-01 $579,500 (3.5%) $947,614 (3.7%) 1.84 3,602
2019-10-01 $574,900 (4.7%) $936,964 (4.7%) 1.83 3,664
2019-11-01 $569,000 (3.5%) $957,426 (4.6%) 1.84 3,407
2019-12-01 $569,000 (1.8%) $967,658 (4.0%) 1.90 2,927
2020-01-01 $575,000 (4.7%) $1,013,833 (9.1%) 1.92 2,597
2020-02-01 $599,000 (5.6%) $1,048,432 (11.2%) 1.93 2,530
2020-03-01 $601,950 (2.7%) $1,033,506 (8.0%) 1.88 2,746
2020-04-01 $599,900 (0.7%) $1,024,310 (7.4%) 1.87 2,837
2020-05-01 $619,000 (3.8%) $1,048,747 (10.0%) 1.88 2,779
2020-06-01 $647,200 (8.5%) $1,086,485 (14.5%) 1.89 2,418
2020-07-01 $654,450 (9.3%) $1,130,483 (17.0%) 1.88 2,137
2020-08-01 $675,000 (14.2%) $1,188,906 (23.9%) 1.93 1,802
2020-09-01 $699,000 (20.6%) $1,298,460 (37.0%) 2.00 1,621
2020-10-01 $699,500 (21.7%) $1,308,999 (39.7%) 2.00 1,543
2020-11-01 $699,000 (22.9%) $1,315,257 (37.4%) 2.00 1,354
2020-12-01 $732,450 (28.7%) $1,357,404 (40.3%) 2.15 1,128
2021-01-01 $749,900 (30.4%) $1,485,183 (46.5%) 2.21 940
2021-02-01 $797,000 (33.1%) $1,519,989 (45.0%) 2.29 764
2021-03-01 $739,450 (22.8%) $1,517,521 (46.8%) 2.07 806
2021-04-01 $699,450 (16.6%) $1,506,271 (47.1%) 1.88 791
2021-05-01 $699,900 (13.1%) $1,495,124 (42.6%) 1.84 871
2021-06-01 $707,000 (9.2%) $1,436,551 (32.2%) 1.84 966
2021-07-01 $725,000 (10.8%) $1,397,958 (23.7%) 1.88 1,016
2021-08-01 $727,450 (7.8%) $1,309,900 (10.2%) 1.91 1,078
2021-09-01 $699,450 (0.1%) $1,295,790 (-0.2%) 1.84 1,133
2021-10-01 $735,000 (5.1%) $1,377,497 (5.2%) 1.93 1,073
2021-11-01 $754,000 (7.9%) $1,467,151 (11.6%) 1.99 863
2021-12-01 $812,500 (10.9%) $1,537,018 (13.2%) 2.17 677
2022-01-01 $849,000 (13.2%) $1,671,146 (12.5%) 2.26 520
2022-02-01 $849,450 (6.6%) $1,831,019 (20.5%) 2.16 477
2022-03-01 $849,450 (14.9%) $1,846,970 (21.7%) 2.10 483
2022-04-01 $799,500 (14.3%) $1,680,742 (11.6%) 1.88 572
Barnstable Town's median listing price for 2022-04-01 was $799,500, a difference of $100,050 (14.3%) versus the prior year and $-49,950 versus the prior month.

Barnstable Town's median listing price comes in at 188% of the national average.

Barnstable Town's average listing price for 2022-04-01 was $1,680,742, a difference of $174,471 (11.6%) versus the prior year and $-166,228 versus the prior month.

For the 2022-04-01 period, Barnstable Town had 572 MLS listings, a difference of 89 listings (18%) versus the prior month and -219 listings (-28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Barnstable Town (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 118 days 1,872 sqft
2018-02-01 122 days 1,906 sqft
2018-03-01 115 days 1,900 sqft
2018-04-01 75 days 1,959 sqft
2018-05-01 69 days 1,965 sqft
2018-06-01 65 days 1,901 sqft
2018-07-01 68 days 1,893 sqft
2018-08-01 76 days 1,859 sqft
2018-09-01 75 days 1,855 sqft
2018-10-01 75 days 1,818 sqft
2018-11-01 81 days 1,820 sqft
2018-12-01 95 days 1,800 sqft
2019-01-01 108 days 1,791 sqft
2019-02-01 113 days 1,807 sqft
2019-03-01 105 days 1,842 sqft
2019-04-01 72 days 1,873 sqft
2019-05-01 66 days 1,846 sqft
2019-06-01 70 days 1,842 sqft
2019-07-01 79 days 1,854 sqft
2019-08-01 91 days 1,838 sqft
2019-09-01 91 days 1,813 sqft
2019-10-01 87 days 1,818 sqft
2019-11-01 87 days 1,820 sqft
2019-12-01 102 days 1,827 sqft
2020-01-01 112 days 1,815 sqft
2020-02-01 107 days 1,865 sqft
2020-03-01 68 days 1,862 sqft
2020-04-01 75 days 1,848 sqft
2020-05-01 90 days 1,869 sqft
2020-06-01 98 days 1,902 sqft
2020-07-01 82 days 1,907 sqft
2020-08-01 68 days 1,900 sqft
2020-09-01 59 days 1,896 sqft
2020-10-01 52 days 1,830 sqft
2020-11-01 58 days 1,800 sqft
2020-12-01 73 days 1,824 sqft
2021-01-01 84 days 1,846 sqft
2021-02-01 92 days 1,836 sqft
2021-03-01 65 days 1,843 sqft
2021-04-01 44 days 1,742 sqft
2021-05-01 37 days 1,778 sqft
2021-06-01 36 days 1,775 sqft
2021-07-01 41 days 1,757 sqft
2021-08-01 43 days 1,761 sqft
2021-09-01 44 days 1,753 sqft
2021-10-01 49 days 1,780 sqft
2021-11-01 58 days 1,806 sqft
2021-12-01 68 days 1,838 sqft
2022-01-01 79 days 1,836 sqft
2022-02-01 62 days 1,822 sqft
2022-03-01 48 days 1,900 sqft
2022-04-01 35 days 1,747 sqft
Barnstable Town's median listing age (time on market) for 2022-04-01 was 35 days. This is -20% shorter than the same period one year ago.

Barnstable Town's median square footage for active listings during the 2022-04-01 period was 1,747 sqft. One year prior, the average listing was 1,742 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.