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
5.93%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Barnstable Town's average VA mortgage closing costs are $7,192.
The average rate for the prior week (2023-05-19) was
5.46% and
one month ago for the week of 2023-04-21, the
average rate was 5.58%.
The average rate one year ago was 4.25%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.87%.
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.
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. LouisDate | 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 | $595,000 (-0.7%) | $967,542 (-6.0%) | 1.98 | 2,154 |
2019-04-01 | $599,000 (-4.8%) | $972,285 (-8.3%) | 1.90 | 2,407 |
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 | $609,450 (1.7%) | $1,022,633 (5.2%) | 1.91 | 2,596 |
2019-09-01 | $599,499 (4.3%) | $1,011,134 (6.3%) | 1.89 | 2,487 |
2019-10-01 | $587,000 (3.8%) | $972,301 (3.7%) | 1.89 | 2,599 |
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%) | 1.96 | 1,785 |
2020-03-01 | $601,950 (1.2%) | $1,046,568 (8.2%) | 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 (6.9%) | $1,167,216 (14.1%) | 1.87 | 1,309 |
2020-09-01 | $693,000 (15.6%) | $1,231,651 (21.8%) | 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 |
Barnstable Town's median listing price comes in at 208% of the national average.
Barnstable Town's average listing price for 2023-04-01 was $1,729,764, a difference of $56,095 (3.4%) versus the prior year and $27,280 versus the prior month.
For the 2023-04-01 period, Barnstable Town had 551 MLS listings, a difference of 44 listings (9%) versus the prior month and 136 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Barnstable Town (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 124 days | 1,898 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 | 120 days | 1,829 sqft |
2019-04-01 | 80 days | 1,859 sqft |
2019-05-01 | 72 days | 1,820 sqft |
2019-06-01 | 74 days | 1,822 sqft |
2019-07-01 | 85 days | 1,829 sqft |
2019-08-01 | 99 days | 1,872 sqft |
2019-09-01 | 102 days | 1,869 sqft |
2019-10-01 | 97 days | 1,803 sqft |
2019-11-01 | 102 days | 1,806 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 | 1,853 sqft |
2020-04-01 | 91 days | 1,846 sqft |
2020-05-01 | 99 days | 1,848 sqft |
2020-06-01 | 109 days | 1,878 sqft |
2020-07-01 | 113 days | 1,859 sqft |
2020-08-01 | 92 days | 1,858 sqft |
2020-09-01 | 77 days | 1,837 sqft |
2020-10-01 | 71 days | 1,801 sqft |
2020-11-01 | 74 days | 1,771 sqft |
2020-12-01 | 91 days | 1,811 sqft |
2021-01-01 | 100 days | 1,830 sqft |
2021-02-01 | 110 days | 1,831 sqft |
2021-03-01 | 88 days | 1,820 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 | 46 days | 1,800 sqft |
2021-08-01 | 50 days | 1,784 sqft |
2021-09-01 | 54 days | 1,769 sqft |
2021-10-01 | 61 days | 1,788 sqft |
2021-11-01 | 72 days | 1,803 sqft |
2021-12-01 | 94 days | 1,856 sqft |
2022-01-01 | 102 days | 1,839 sqft |
2022-02-01 | 84 days | 1,894 sqft |
2022-03-01 | 48 days | 1,878 sqft |
2022-04-01 | 40 days | 1,784 sqft |
2022-05-01 | 34 days | 1,869 sqft |
2022-06-01 | 34 days | 1,883 sqft |
2022-07-01 | 40 days | 1,915 sqft |
2022-08-01 | 49 days | 1,976 sqft |
2022-09-01 | 56 days | 1,932 sqft |
2022-10-01 | 51 days | 1,888 sqft |
2022-11-01 | 54 days | 1,858 sqft |
2022-12-01 | 73 days | 1,830 sqft |
2023-01-01 | 84 days | 1,824 sqft |
2023-02-01 | 90 days | 1,926 sqft |
2023-03-01 | 64 days | 1,895 sqft |
2023-04-01 | 52 days | 1,923 sqft |
Barnstable Town's median square footage for active listings during the 2023-04-01 period was 1,923 sqft. One year prior, the average listing was 1,784 sqft.