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 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 6.44% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Barnstable Town's average VA mortgage closing costs are $6,826.

The average rate for the prior week (2022-11-25) was 6.58% and one month ago for the week of 2022-10-28, the average rate was 7.17%.

The average rate one year ago was 3.15%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.51%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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 $599,000 (7.2%) $1,007,446 (2.5%) 2.22 1,840
2018-02-01 $599,000 (3.3%) $996,216 (-0.7%) 2.17 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%) 1.91 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%) $980,363 (-4.8%) 1.95 2,226
2019-04-01 $599,000 (-4.8%) $972,460 (-8.3%) 1.90 2,406
2019-05-01 $599,000 (-4.2%) $973,699 (-5.6%) 1.87 2,534
2019-06-01 $599,000 (-1.8%) $981,378 (-1.6%) 1.87 2,627
2019-07-01 $599,675 (0.0%) $1,008,889 (2.1%) 1.88 2,622
2019-08-01 $596,927 (-0.4%) $998,190 (2.7%) 1.89 2,623
2019-09-01 $592,468 (3.0%) $983,013 (3.4%) 1.90 2,625
2019-10-01 $586,975 (3.8%) $972,894 (3.8%) 1.89 2,610
2019-11-01 $575,000 (-0.4%) $981,459 (3.0%) 1.89 2,382
2019-12-01 $575,000 (-2.0%) $984,669 (2.4%) 1.92 2,097
2020-01-01 $579,250 (1.7%) $1,008,804 (5.5%) 1.94 1,878
2020-02-01 $599,900 (2.1%) $1,062,935 (9.5%) 1.96 1,788
2020-03-01 $601,950 (0.9%) $1,048,449 (6.9%) 1.89 1,935
2020-04-01 $602,000 (0.5%) $1,042,744 (7.2%) 1.88 1,977
2020-05-01 $624,000 (4.2%) $1,057,107 (8.6%) 1.90 1,975
2020-06-01 $642,400 (7.3%) $1,089,838 (11.1%) 1.89 1,740
2020-07-01 $644,900 (7.5%) $1,130,521 (12.1%) 1.87 1,540
2020-08-01 $651,491 (9.1%) $1,170,080 (17.2%) 1.87 1,311
2020-09-01 $695,250 (17.4%) $1,235,231 (25.7%) 1.99 1,207
2020-10-01 $661,000 (12.6%) $1,229,001 (26.3%) 1.89 1,127
2020-11-01 $685,000 (19.1%) $1,271,626 (29.6%) 2.00 999
2020-12-01 $699,000 (21.6%) $1,298,590 (31.9%) 2.08 842
2021-01-01 $709,000 (22.4%) $1,410,781 (39.9%) 2.12 694
2021-02-01 $749,500 (24.9%) $1,436,325 (35.1%) 2.18 585
2021-03-01 $709,450 (17.9%) $1,477,790 (41.0%) 2.01 619
2021-04-01 $699,500 (16.2%) $1,466,113 (40.6%) 1.89 580
2021-05-01 $699,900 (12.2%) $1,422,621 (34.6%) 1.85 647
2021-06-01 $725,000 (12.9%) $1,393,732 (27.9%) 1.91 707
2021-07-01 $727,000 (12.7%) $1,369,137 (21.1%) 1.91 757
2021-08-01 $712,950 (9.4%) $1,308,907 (11.9%) 1.90 785
2021-09-01 $699,250 (0.6%) $1,282,131 (3.8%) 1.86 818
2021-10-01 $739,450 (11.9%) $1,355,613 (10.3%) 1.97 768
2021-11-01 $781,450 (14.1%) $1,478,435 (16.3%) 2.09 620
2021-12-01 $825,000 (18.0%) $1,552,786 (19.6%) 2.24 488
2022-01-01 $844,450 (19.1%) $1,619,513 (14.8%) 2.28 389
2022-02-01 $849,500 (13.3%) $1,741,996 (21.3%) 2.21 362
2022-03-01 $849,675 (19.8%) $1,730,539 (17.1%) 2.13 373
2022-04-01 $809,948 (15.8%) $1,682,400 (14.8%) 1.93 416
2022-05-01 $856,000 (22.3%) $1,621,128 (14.0%) 1.96 529
2022-06-01 $848,500 (17.0%) $1,520,369 (9.1%) 1.89 645
2022-07-01 $825,000 (13.5%) $1,472,907 (7.6%) 1.87 757
2022-08-01 $799,900 (12.2%) $1,493,645 (14.1%) 1.85 785
2022-09-01 $797,000 (14.0%) $1,474,439 (15.0%) 1.87 812
2022-10-01 $775,000 (4.8%) $1,411,935 (4.2%) 1.82 862
2022-11-01 $798,000 (2.1%) $1,435,970 (-2.9%) 1.92 831
Barnstable Town's median listing price for 2022-11-01 was $798,000, a difference of $16,550 (2.1%) versus the prior year and $23,000 versus the prior month.

Barnstable Town's median listing price comes in at 192% of the national average.

Barnstable Town's average listing price for 2022-11-01 was $1,435,970, a difference of $-42,465 (-2.9%) versus the prior year and $24,035 versus the prior month.

For the 2022-11-01 period, Barnstable Town had 831 MLS listings, a difference of -31 listings (-4%) versus the prior month and 211 listings (34%) 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
2018-01-01 124 days 1,899 sqft
2018-02-01 129 days 1,905 sqft
2018-03-01 123 days 1,907 sqft
2018-04-01 83 days 1,960 sqft
2018-05-01 72 days 1,954 sqft
2018-06-01 66 days 1,900 sqft
2018-07-01 73 days 1,889 sqft
2018-08-01 80 days 1,860 sqft
2018-09-01 80 days 1,849 sqft
2018-10-01 81 days 1,820 sqft
2018-11-01 87 days 1,830 sqft
2018-12-01 101 days 1,808 sqft
2019-01-01 115 days 1,803 sqft
2019-02-01 122 days 1,807 sqft
2019-03-01 106 days 1,834 sqft
2019-04-01 80 days 1,857 sqft
2019-05-01 72 days 1,821 sqft
2019-06-01 74 days 1,823 sqft
2019-07-01 85 days 1,829 sqft
2019-08-01 89 days 1,830 sqft
2019-09-01 92 days 1,818 sqft
2019-10-01 95 days 1,806 sqft
2019-11-01 102 days 1,805 sqft
2019-12-01 113 days 1,804 sqft
2020-01-01 121 days 1,800 sqft
2020-02-01 120 days 1,848 sqft
2020-03-01 91 days 1,852 sqft
2020-04-01 91 days 1,845 sqft
2020-05-01 99 days 1,848 sqft
2020-06-01 109 days 1,877 sqft
2020-07-01 113 days 1,860 sqft
2020-08-01 92 days 1,859 sqft
2020-09-01 77 days 1,838 sqft
2020-10-01 71 days 1,801 sqft
2020-11-01 74 days 1,773 sqft
2020-12-01 91 days 1,812 sqft
2021-01-01 100 days 1,830 sqft
2021-02-01 110 days 1,834 sqft
2021-03-01 88 days 1,821 sqft
2021-04-01 56 days 1,809 sqft
2021-05-01 46 days 1,820 sqft
2021-06-01 42 days 1,815 sqft
2021-07-01 47 days 1,800 sqft
2021-08-01 51 days 1,783 sqft
2021-09-01 54 days 1,768 sqft
2021-10-01 62 days 1,788 sqft
2021-11-01 72 days 1,802 sqft
2021-12-01 95 days 1,844 sqft
2022-01-01 102 days 1,839 sqft
2022-02-01 85 days 1,891 sqft
2022-03-01 49 days 1,867 sqft
2022-04-01 40 days 1,784 sqft
2022-05-01 34 days 1,870 sqft
2022-06-01 34 days 1,885 sqft
2022-07-01 40 days 1,915 sqft
2022-08-01 50 days 1,976 sqft
2022-09-01 56 days 1,933 sqft
2022-10-01 51 days 1,888 sqft
2022-11-01 54 days 1,858 sqft
Barnstable Town's median listing age (time on market) for 2022-11-01 was 54 days. This is -25% shorter than the same period one year ago.

Barnstable Town's median square footage for active listings during the 2022-11-01 period was 1,858 sqft. One year prior, the average listing was 1,802 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.