Barnstable Town VA Loan Rates, Closing Costs & Stats

BARNSTABLE TOWN, MA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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%.

    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 $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 for 2023-04-01 was $895,000, a difference of $95,005 (11.9%) versus the prior year and $22,550 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 2023-04-01 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. Louis
    Date 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 listing age (time on market) for 2023-04-01 was 52 days. This is 30% longer than the same period one year ago.

    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.

    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.