Barnstable Town VA Loan Rates, Closing Costs & Stats

BARNSTABLE TOWN, MA

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    • 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 6.72% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.95% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.01%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.69%.

    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
    Barnstable Town's median listing price for 2024-03-01 was $985,000, a difference of $112,550 (12.9%) versus the prior year and $69,275 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 2024-03-01 was $1,762,297, a difference of $59,813 (3.5%) versus the prior year and $61,651 versus the prior month.

    For the 2024-03-01 period, Barnstable Town had 641 MLS listings, a difference of 38 listings (6%) versus the prior month and 134 listings (26%) 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
    Barnstable Town's median listing age (time on market) for 2024-03-01 was 52 days. This is -7% shorter than the same period one year ago.

    Barnstable Town's median square footage for active listings during the 2024-03-01 period was 1,920 sqft. One year prior, the average listing was 1,894 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.