Barnstable Town VA Loan Rates, Closing Costs & Stats

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 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.

Barnstable Town's 49 lenders originated 171 VA loans during 2022. The total origination value was $76,975,000, with an average VA loan value of $450,146.

Barnstable Town VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Barnstable Town averaged 5.67% for the week of 2023-12-08, compared to the national average (all VA variants) of 6.544% for the same period.

Barnstable Town's average VA mortgage closing costs are $7,192.

The average rate for the prior week (2023-12-01) was 5.97% and one month ago for the week of 2023-11-03, the average rate was 6.6%.

The average rate one year ago was 5.77%.

For refis of the same type during the week of 2023-12-08, the average rate was 4.81%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Barnstable Town level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 20 4.09% $13,616
UNITED WHOLESALE MORTGAGE, LLC 13 3.72% $15,011
Mortgage Research Center, LLC 13 4.61% $11,576
PENNYMAC LOAN SERVICES, LLC 12 3.01% $10,488
USAA Federal Savings Bank 9 3.56% $10,137
NAVY FEDERAL CREDIT UNION 9 3.58% $7,837
FREEDOM MORTGAGE CORPORATION 9 4.15% $13,282
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.80% $10,773
The Federal Savings Bank 5 3.53% $18,595
LOANDEPOT.COM, LLC 4 2.93% $15,600
GUILD MORTGAGE COMPANY 4 5.38% $8,495
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.08% $3,788
Armed Forces Bank 3 3.67% $16,662
EQUITY RESOURCES, INC. 3 4.71% $9,066
West Town Bank & Trust 2 3.56% $10,914
Flagstar Bank, FSB 2 4.44% $9,870
GUARANTEED RATE, INC. 2 5.81% $11,659
NEWREZ LLC 2 4.94% $10,450
EMM LOANS LLC 2 2.81% $8,074
HOME POINT FINANCIAL CORPORATION 2 4.68% $21,255
RADIUS FINANCIAL GROUP INC. 2 4.12% $12,613
RELIANCE FIRST CAPITAL, LLC 2 4.75% $15,179
LAKEVIEW LOAN SERVICING, LLC 2 4.50% $14,139
Wells Fargo Bank 2 6.13% $15,919
TD Bank 1 3.25% $3,694
Strong Home Mortgage, LLC 1 4.25% $5,139
Barrington Bank & Trust Company, N.A. 1 2.59% $2,057
BNC National Bank 1 4.38% $10,882
Bridgewater Savings Bank 1 5.25% $20,857
BROKER SOLUTIONS, INC. 1 4.25% $10,562
CALIBER HOME LOANS, INC. 1 3.25% $7,824
Citizens Bank 1 3.00% $12,423
CROSSCOUNTRY MORTGAGE, LLC 1 3.88% $1,892
Envision Bank 1 2.75% $11,511
ENVOY MORTGAGE, LTD 1 4.63% $1,625
FirstBank 1 3.75% $12,422
FIRST HOME MORTGAGE CORPORATION 1 5.63% $8,464
GUARANTEED RATE AFFINITY, LLC 1 4.75% $625
Home Loan Investment Bank, F.S.B. 1 5.25% $5,774
Leader Bank 1 5.63% $4,908
Meridian Bank Corporation 1 2.75% $13,063
Mortgage Network, Inc. 1 4.50% $4,752
Mr. Cooper ( Nationstar Mortgage ) 1 2.75% $3,321
Mutual Federal Bank 1 4.75% $19,795
NP, Inc. 1 2.25% $6,439
PENTAGON FEDERAL CREDIT UNION 1 2.75% $7,331
PLAZA HOME MORTGAGE, INC. 1 5.63% $28,048
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.00% $17,070
SALEM FIVE MORTGAGE COMPANY, LLC 1 6.25% $6,194

The top Barnstable Town VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 20 VA loans originated. Their average total fees are $13,616, which is $1,395 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Barnstable Town VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($10,488), Mortgage Research Center, LLC ($11,576), QUICKEN LOANS, LLC ($13,616), UNITED WHOLESALE MORTGAGE, LLC ($15,011) and .

The lowest rate Barnstable Town VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.01%), UNITED WHOLESALE MORTGAGE, LLC (3.72%), QUICKEN LOANS, LLC (4.09%), Mortgage Research Center, LLC (4.61%) and .


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 $599,000 (7.2%) $1,007,446 (2.5%) 2.22 1,840
2018-02-01 $599,000 (3.3%) $996,216 (-0.7%) 2.18 1,836
2018-03-01 $599,000 (1.1%) $1,029,466 (2.9%) 2.10 1,853
2018-04-01 $629,000 (5.0%) $1,059,984 (6.1%) 2.13 1,979
2018-05-01 $625,000 (5.7%) $1,031,014 (8.6%) 2.09 2,199
2018-06-01 $610,000 (3.0%) $997,553 (5.7%) 2.03 2,377
2018-07-01 $599,900 (0.8%) $988,660 (3.8%) 2.00 2,480
2018-08-01 $599,000 (1.7%) $972,358 (0.7%) 2.01 2,592
2018-09-01 $575,000 (-0.9%) $951,194 (-2.2%) 1.93 2,749
2018-10-01 $565,450 (-1.7%) $937,328 (-0.9%) 1.92 2,809
2018-11-01 $577,000 (-1.2%) $952,995 (0.4%) 1.96 2,649
2018-12-01 $587,000 (-2.0%) $961,734 (-2.6%) 2.02 2,360
2019-01-01 $569,450 (-4.9%) $956,472 (-5.1%) 1.97 2,064
2019-02-01 $587,400 (-1.9%) $970,636 (-2.6%) 1.98 2,104
2019-03-01 $596,714 (-0.4%) $980,222 (-4.8%) 1.95 2,226
2019-04-01 $599,000 (-4.8%) $972,284 (-8.3%) 1.90 2,406
2019-05-01 $599,000 (-4.2%) $973,895 (-5.5%) 1.87 2,534
2019-06-01 $599,000 (-1.8%) $981,944 (-1.6%) 1.87 2,623
2019-07-01 $599,900 (0.0%) $1,009,729 (2.1%) 1.88 2,618
2019-08-01 $596,927 (-0.4%) $998,512 (2.7%) 1.89 2,618
2019-09-01 $592,468 (3.0%) $982,553 (3.3%) 1.90 2,621
2019-10-01 $587,000 (3.8%) $971,913 (3.7%) 1.89 2,606
2019-11-01 $575,000 (-0.4%) $980,292 (2.9%) 1.89 2,377
2019-12-01 $575,000 (-2.0%) $983,376 (2.3%) 1.92 2,092
2020-01-01 $579,575 (1.8%) $1,007,148 (5.3%) 1.94 1,874
2020-02-01 $599,900 (2.1%) $1,060,899 (9.3%) 1.97 1,785
2020-03-01 $601,950 (0.9%) $1,046,568 (6.8%) 1.89 1,932
2020-04-01 $602,000 (0.5%) $1,040,894 (7.1%) 1.89 1,974
2020-05-01 $624,000 (4.2%) $1,055,268 (8.4%) 1.90 1,972
2020-06-01 $642,425 (7.3%) $1,087,840 (10.8%) 1.89 1,737
2020-07-01 $644,900 (7.5%) $1,127,573 (11.7%) 1.87 1,539
2020-08-01 $651,491 (9.1%) $1,167,216 (16.9%) 1.87 1,309
2020-09-01 $693,000 (17.0%) $1,231,651 (25.4%) 1.99 1,205
2020-10-01 $660,500 (12.5%) $1,225,897 (26.1%) 1.89 1,125
2020-11-01 $685,000 (19.1%) $1,268,336 (29.4%) 2.00 997
2020-12-01 $699,000 (21.6%) $1,293,794 (31.6%) 2.08 841
2021-01-01 $704,450 (21.6%) $1,405,005 (39.5%) 2.10 693
2021-02-01 $749,475 (24.9%) $1,429,470 (34.7%) 2.18 583
2021-03-01 $709,450 (17.9%) $1,471,288 (40.6%) 2.01 617
2021-04-01 $699,500 (16.2%) $1,460,962 (40.4%) 1.89 578
2021-05-01 $699,900 (12.2%) $1,417,800 (34.4%) 1.86 645
2021-06-01 $725,000 (12.9%) $1,389,244 (27.7%) 1.91 705
2021-07-01 $727,000 (12.7%) $1,365,097 (21.1%) 1.92 755
2021-08-01 $712,950 (9.4%) $1,304,565 (11.8%) 1.90 783
2021-09-01 $699,250 (0.9%) $1,277,606 (3.7%) 1.86 816
2021-10-01 $739,450 (12.0%) $1,351,377 (10.2%) 1.97 766
2021-11-01 $782,450 (14.2%) $1,474,219 (16.2%) 2.09 618
2021-12-01 $825,000 (18.0%) $1,548,261 (19.7%) 2.24 487
2022-01-01 $849,000 (20.5%) $1,613,059 (14.8%) 2.30 387
2022-02-01 $849,500 (13.4%) $1,735,270 (21.4%) 2.21 360
2022-03-01 $849,675 (19.8%) $1,724,011 (17.2%) 2.13 371
2022-04-01 $799,995 (14.4%) $1,673,669 (14.6%) 1.91 415
2022-05-01 $854,500 (22.1%) $1,613,673 (13.8%) 1.95 528
2022-06-01 $847,500 (16.9%) $1,514,317 (9.0%) 1.89 643
2022-07-01 $825,000 (13.5%) $1,467,633 (7.5%) 1.86 755
2022-08-01 $799,900 (12.2%) $1,489,693 (14.2%) 1.85 783
2022-09-01 $797,000 (14.0%) $1,470,803 (15.1%) 1.86 810
2022-10-01 $775,000 (4.8%) $1,408,098 (4.2%) 1.82 860
2022-11-01 $798,000 (2.0%) $1,432,258 (-2.9%) 1.92 829
2022-12-01 $775,000 (-6.1%) $1,435,233 (-7.3%) 1.91 659
2023-01-01 $824,000 (-2.9%) $1,478,748 (-8.3%) 2.04 535
2023-02-01 $874,975 (3.0%) $1,590,661 (-8.3%) 2.11 505
2023-03-01 $872,450 (2.7%) $1,702,484 (-1.3%) 2.06 507
2023-04-01 $895,000 (11.9%) $1,729,764 (3.4%) 2.08 551
2023-05-01 $923,000 (8.0%) $1,712,909 (6.2%) 2.09 620
2023-06-01 $939,500 (10.9%) $1,722,181 (13.7%) 2.11 677
2023-07-01 $949,000 (15.0%) $1,738,145 (18.4%) 2.16 688
2023-08-01 $924,950 (15.6%) $1,769,266 (18.8%) 2.12 719
2023-09-01 $939,000 (17.8%) $1,668,834 (13.5%) 2.19 762
2023-10-01 $897,000 (15.7%) $1,580,307 (12.2%) 2.11 852
2023-11-01 $874,750 (9.6%) $1,573,816 (9.9%) 2.08 846
Barnstable Town's median listing price for 2023-11-01 was $874,750, a difference of $76,750 (9.6%) versus the prior year and $-22,250 versus the prior month.

Barnstable Town's median listing price comes in at 208% of the national average.

Barnstable Town's average listing price for 2023-11-01 was $1,573,816, a difference of $141,558 (9.9%) versus the prior year and $-6,491 versus the prior month.

For the 2023-11-01 period, Barnstable Town had 846 MLS listings, a difference of -6 listings (-1%) versus the prior month and 17 listings (2%) 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
2018-01-01 108 days 1,898 sqft
2018-02-01 112 days 1,905 sqft
2018-03-01 97 days 1,907 sqft
2018-04-01 66 days 1,960 sqft
2018-05-01 57 days 1,954 sqft
2018-06-01 57 days 1,900 sqft
2018-07-01 64 days 1,889 sqft
2018-08-01 71 days 1,860 sqft
2018-09-01 71 days 1,849 sqft
2018-10-01 71 days 1,820 sqft
2018-11-01 77 days 1,830 sqft
2018-12-01 94 days 1,808 sqft
2019-01-01 108 days 1,803 sqft
2019-02-01 114 days 1,807 sqft
2019-03-01 96 days 1,834 sqft
2019-04-01 70 days 1,854 sqft
2019-05-01 64 days 1,820 sqft
2019-06-01 67 days 1,822 sqft
2019-07-01 75 days 1,829 sqft
2019-08-01 80 days 1,830 sqft
2019-09-01 83 days 1,819 sqft
2019-10-01 84 days 1,807 sqft
2019-11-01 86 days 1,806 sqft
2019-12-01 103 days 1,804 sqft
2020-01-01 110 days 1,800 sqft
2020-02-01 104 days 1,848 sqft
2020-03-01 73 days 1,853 sqft
2020-04-01 79 days 1,846 sqft
2020-05-01 89 days 1,848 sqft
2020-06-01 98 days 1,878 sqft
2020-07-01 83 days 1,859 sqft
2020-08-01 74 days 1,858 sqft
2020-09-01 63 days 1,837 sqft
2020-10-01 58 days 1,801 sqft
2020-11-01 67 days 1,771 sqft
2020-12-01 83 days 1,811 sqft
2021-01-01 91 days 1,830 sqft
2021-02-01 98 days 1,831 sqft
2021-03-01 73 days 1,820 sqft
2021-04-01 48 days 1,800 sqft
2021-05-01 41 days 1,820 sqft
2021-06-01 39 days 1,815 sqft
2021-07-01 45 days 1,800 sqft
2021-08-01 47 days 1,784 sqft
2021-09-01 52 days 1,769 sqft
2021-10-01 57 days 1,790 sqft
2021-11-01 67 days 1,804 sqft
2021-12-01 85 days 1,864 sqft
2022-01-01 88 days 1,847 sqft
2022-02-01 71 days 1,894 sqft
2022-03-01 44 days 1,878 sqft
2022-04-01 36 days 1,784 sqft
2022-05-01 31 days 1,869 sqft
2022-06-01 32 days 1,883 sqft
2022-07-01 38 days 1,915 sqft
2022-08-01 47 days 1,976 sqft
2022-09-01 53 days 1,932 sqft
2022-10-01 49 days 1,887 sqft
2022-11-01 51 days 1,858 sqft
2022-12-01 71 days 1,830 sqft
2023-01-01 80 days 1,824 sqft
2023-02-01 84 days 1,926 sqft
2023-03-01 56 days 1,894 sqft
2023-04-01 46 days 1,928 sqft
2023-05-01 41 days 1,892 sqft
2023-06-01 45 days 1,907 sqft
2023-07-01 52 days 1,884 sqft
2023-08-01 54 days 1,884 sqft
2023-09-01 49 days 1,891 sqft
2023-10-01 49 days 1,854 sqft
2023-11-01 53 days 1,773 sqft
Barnstable Town's median listing age (time on market) for 2023-11-01 was 53 days. This is 2% longer than the same period one year ago.

Barnstable Town's median square footage for active listings during the 2023-11-01 period was 1,773 sqft. One year prior, the average listing was 1,858 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.