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 36 lenders originated 91 VA loans during 2023. The total origination value was $48,215,000, with an average VA loan value of $529,835.

Barnstable Town VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Barnstable Town averaged 6.96% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

Barnstable Town's average VA mortgage closing costs are $7,562.

The average rate for the prior week (2024-05-03) was 6.99% and one month ago for the week of 2024-04-05, the average rate was 6.49%.

The average rate one year ago was 6.26%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.82%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 12 5.95% $20,641
LOANDEPOT.COM, LLC 11 6.06% $18,934
Mortgage Research Center, LLC 10 6.73% $12,289
The Federal Savings Bank 5 5.98% $26,604
UNITED WHOLESALE MORTGAGE, LLC 4 6.25% $15,443
NAVY FEDERAL CREDIT UNION 3 6.25% $9,479
USAA Federal Savings Bank 3 5.63% $9,431
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.63% $17,738
Flagstar Bank, FSB 2 6.22% $8,558
GUARANTEED RATE AFFINITY, LLC 2 6.56% $11,353
GUARANTEED RATE, INC. 2 6.44% $30,765
RADIUS FINANCIAL GROUP INC. 2 6.13% $30,375
RELIANCE FIRST CAPITAL, LLC 2 6.19% $13,188
Shamrock Home Loans, Inc. 2 6.50% $10,198
MOVEMENT MORTGAGE, LLC 2 6.25% $14,466
CARDINAL FINANCIAL 2 6.75% $14,944
Service Federal Credit Union 1 7.13% $2,956
Sierra Pacific Mortgage Company, Inc. 1 6.99% $19,658
Strong Home Mortgage, LLC 1 5.25% $5,615
Academy Bank 1 6.13% $11,081
VILLAGE CAPITAL MORTGAGE 1 5.25% $16,949
CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $18,567
DRAPER AND KRAMER MORTGAGE CORP. 1 5.50% $14,697
EQUITY RESOURCES, INC. 1 7.49% $3,173
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $6,273
FIRST COMMUNITY MORTGAGE, INC. 1 7.50% $13,744
FREEDOM MORTGAGE CORPORATION 1 6.75% $31,161
GUILD MORTGAGE COMPANY 1 6.13% $14,038
Keystone Funding, Inc. 1 6.99% $15,316
Magnolia Bank 1 6.50% $26,583
Mid-Continent Funding, Inc. 1 6.75% $7,448
NBKC BANK 1 5.75% $25,780
NEWREZ LLC 1 7.13% $14,773
Paramount Residential Mortgage Group, Inc. 1 5.75% $8,775
PENNYMAC LOAN SERVICES, LLC 1 7.13% $6,220
Presidential Bank, FSB 1 6.13% $21,918

The top Barnstable Town VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 12 VA loans originated. Their average total fees are $20,641, which is $1,706 higher than the next largest lender, LOANDEPOT.COM, LLC.

The lowest fee Barnstable Town VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($12,289), LOANDEPOT.COM, LLC ($18,934), QUICKEN LOANS, LLC ($20,641), .

The lowest rate Barnstable Town VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.95%), LOANDEPOT.COM, LLC (6.06%), Mortgage Research Center, LLC (6.73%), .


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%) $1,007,834 (2.5%) 2.22 1,839
2018-02-01 $598,950 (3.3%) $996,509 (-0.7%) 2.17 1,835
2018-03-01 $599,000 (1.1%) $1,029,766 (2.9%) 2.10 1,852
2018-04-01 $627,000 (4.7%) $1,060,028 (6.2%) 2.13 1,978
2018-05-01 $625,000 (6.0%) $1,030,757 (8.6%) 2.09 2,199
2018-06-01 $609,450 (3.0%) $997,054 (5.7%) 2.03 2,378
2018-07-01 $599,900 (0.8%) $988,458 (3.8%) 2.00 2,481
2018-08-01 $599,000 (1.7%) $971,948 (0.7%) 2.01 2,594
2018-09-01 $575,000 (-0.9%) $950,794 (-2.2%) 1.93 2,751
2018-10-01 $565,000 (-1.7%) $936,945 (-1.0%) 1.91 2,811
2018-11-01 $576,750 (-1.2%) $952,593 (0.4%) 1.96 2,651
2018-12-01 $584,500 (-2.3%) $961,055 (-2.7%) 2.02 2,363
2019-01-01 $569,225 (-5.0%) $955,723 (-5.2%) 1.97 2,068
2019-02-01 $586,750 (-2.0%) $969,889 (-2.7%) 1.98 2,108
2019-03-01 $595,043 (-0.7%) $979,561 (-4.9%) 1.95 2,229
2019-04-01 $598,750 (-4.5%) $971,589 (-8.3%) 1.90 2,408
2019-05-01 $599,000 (-4.2%) $973,624 (-5.5%) 1.87 2,534
2019-06-01 $599,000 (-1.7%) $981,607 (-1.6%) 1.87 2,623
2019-07-01 $599,675 (0.0%) $1,009,547 (2.1%) 1.88 2,617
2019-08-01 $596,927 (-0.4%) $998,321 (2.7%) 1.89 2,618
2019-09-01 $592,468 (3.0%) $982,190 (3.3%) 1.90 2,620
2019-10-01 $586,950 (3.9%) $971,436 (3.7%) 1.89 2,605
2019-11-01 $575,000 (-0.3%) $979,661 (2.8%) 1.89 2,377
2019-12-01 $575,000 (-1.6%) $982,714 (2.3%) 1.92 2,093
2020-01-01 $578,000 (1.5%) $1,006,663 (5.3%) 1.93 1,874
2020-02-01 $599,900 (2.2%) $1,060,401 (9.3%) 1.96 1,785
2020-03-01 $601,950 (1.2%) $1,045,989 (6.8%) 1.89 1,934
2020-04-01 $601,000 (0.4%) $1,040,333 (7.1%) 1.88 1,976
2020-05-01 $624,000 (4.2%) $1,054,690 (8.3%) 1.90 1,974
2020-06-01 $639,950 (6.8%) $1,087,158 (10.8%) 1.89 1,739
2020-07-01 $644,450 (7.5%) $1,127,724 (11.7%) 1.87 1,538
2020-08-01 $650,000 (8.9%) $1,166,940 (16.9%) 1.86 1,309
2020-09-01 $693,000 (17.0%) $1,231,651 (25.4%) 1.99 1,205
2020-10-01 $661,000 (12.6%) $1,226,451 (26.3%) 1.89 1,124
2020-11-01 $685,000 (19.1%) $1,268,973 (29.5%) 2.00 996
2020-12-01 $699,000 (21.6%) $1,294,582 (31.7%) 2.08 840
2021-01-01 $709,000 (22.7%) $1,406,116 (39.7%) 2.12 692
2021-02-01 $749,475 (24.9%) $1,429,470 (34.8%) 2.18 583
2021-03-01 $709,450 (17.9%) $1,471,288 (40.7%) 2.01 617
2021-04-01 $699,500 (16.4%) $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 (13.3%) $1,389,244 (27.8%) 1.91 705
2021-07-01 $728,000 (13.0%) $1,366,010 (21.1%) 1.92 754
2021-08-01 $713,225 (9.7%) $1,304,994 (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 (11.9%) $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 (19.6%) 2.23 487
2022-01-01 $849,000 (19.8%) $1,613,059 (14.7%) 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%) $1,726,101 (17.3%) 2.13 370
2022-04-01 $799,948 (14.4%) $1,674,882 (14.6%) 1.91 414
2022-05-01 $854,500 (22.1%) $1,614,580 (13.9%) 1.95 527
2022-06-01 $848,500 (17.0%) $1,514,105 (9.0%) 1.89 644
2022-07-01 $825,000 (13.3%) $1,467,633 (7.4%) 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%) $1,433,581 (-7.4%) 1.91 660
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 (-1.4%) 2.06 507
2023-04-01 $895,000 (11.9%) $1,729,764 (3.3%) 2.08 551
2023-05-01 $923,000 (8.0%) $1,712,909 (6.1%) 2.09 620
2023-06-01 $939,500 (10.7%) $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
2023-12-01 $882,000 (13.8%) $1,634,152 (14.0%) 2.15 705
2024-01-01 $929,950 (12.9%) $1,706,350 (15.4%) 2.27 592
2024-02-01 $915,725 (4.7%) $1,700,646 (6.9%) 2.20 603
2024-03-01 $985,000 (12.9%) $1,762,297 (3.5%) 2.32 641
2024-04-01 $997,000 (11.4%) $1,760,863 (1.8%) 2.32 730
Barnstable Town's median listing price for 2024-04-01 was $997,000, a difference of $102,000 (11.4%) versus the prior year and $12,000 versus the prior month.

Barnstable Town's median listing price comes in at 232% of the national average.

Barnstable Town's average listing price for 2024-04-01 was $1,760,863, a difference of $31,099 (1.8%) versus the prior year and $-1,434 versus the prior month.

For the 2024-04-01 period, Barnstable Town had 730 MLS listings, a difference of 89 listings (14%) versus the prior month and 179 listings (32%) 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
2018-01-01 109 days 1,897 sqft
2018-02-01 112 days 1,905 sqft
2018-03-01 95 days 1,906 sqft
2018-04-01 66 days 1,959 sqft
2018-05-01 57 days 1,951 sqft
2018-06-01 57 days 1,899 sqft
2018-07-01 64 days 1,888 sqft
2018-08-01 71 days 1,858 sqft
2018-09-01 71 days 1,848 sqft
2018-10-01 71 days 1,820 sqft
2018-11-01 77 days 1,829 sqft
2018-12-01 94 days 1,806 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 1,829 sqft
2019-09-01 83 days 1,817 sqft
2019-10-01 84 days 1,805 sqft
2019-11-01 86 days 1,804 sqft
2019-12-01 103 days 1,804 sqft
2020-01-01 110 days 1,800 sqft
2020-02-01 105 days 1,848 sqft
2020-03-01 73 days 1,851 sqft
2020-04-01 79 days 1,845 sqft
2020-05-01 89 days 1,848 sqft
2020-06-01 98 days 1,876 sqft
2020-07-01 83 days 1,858 sqft
2020-08-01 74 days 1,858 sqft
2020-09-01 63 days 1,838 sqft
2020-10-01 58 days 1,801 sqft
2020-11-01 67 days 1,773 sqft
2020-12-01 83 days 1,812 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 1,783 sqft
2021-09-01 52 days 1,769 sqft
2021-10-01 57 days 1,792 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 45 days 1,884 sqft
2022-04-01 36 days 1,788 sqft
2022-05-01 31 days 1,869 sqft
2022-06-01 32 days 1,884 sqft
2022-07-01 38 days 1,920 sqft
2022-08-01 47 days 1,975 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 1,905 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 1,852 sqft
2023-11-01 53 days 1,771 sqft
2023-12-01 71 days 1,828 sqft
2024-01-01 82 days 1,856 sqft
2024-02-01 77 days 1,875 sqft
2024-03-01 52 days 1,920 sqft
2024-04-01 44 days 1,939 sqft
Barnstable Town's median listing age (time on market) for 2024-04-01 was 44 days. This is -4% shorter than the same period one year ago.

Barnstable Town's median square footage for active listings during the 2024-04-01 period was 1,939 sqft. One year prior, the average listing was 1,928 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.