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 37 lenders originated 133 VA loans during 2024. The total origination value was $73,995,000, with an average VA loan value of $556,353.

Barnstable Town VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Barnstable Town averaged 6.77% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

Barnstable Town's average VA mortgage closing costs are $7,854.

The average rate for the prior week (2025-07-11) was 6.96% and one month ago for the week of 2025-06-13, the average rate was 6.83%.

The average rate one year ago was 7.13%.

For refis of the same type during the week of 2025-07-18, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 17 6.29% $13,487
QUICKEN LOANS, LLC 15 6.16% $15,651
UNITED WHOLESALE MORTGAGE, LLC 8 6.05% $9,811
NAVY FEDERAL CREDIT UNION 7 6.07% $9,121
Presidential Bank, FSB 7 6.64% $16,227
LOANDEPOT.COM, LLC 6 6.33% $10,303
PENNYMAC LOAN SERVICES, LLC 6 5.60% $10,285
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.50% $25,013
NEWREZ LLC 4 5.81% $6,506
Flagstar Bank, FSB 4 6.03% $16,599
FREEDOM MORTGAGE CORPORATION 4 6.50% $22,397
Leader Bank 4 6.18% $8,960
Keystone Funding, Inc. 3 6.21% $15,414
RADIUS FINANCIAL GROUP INC. 3 6.75% $13,598
MOVEMENT MORTGAGE, LLC 3 6.00% $12,789
The Federal Savings Bank 3 6.96% $14,262
EQUITY RESOURCES, INC. 3 6.67% $2,747
VILLAGE CAPITAL MORTGAGE 2 5.24% $5,708
First Federal Bank 2 6.00% $20,255
FIRST MORTGAGE COMPANY, INC. 2 5.75% $4,425
GUILD MORTGAGE COMPANY 2 6.25% $12,478
Magnolia Bank 2 5.19% $15,533
North American Savings Bank, F.S.B. 2 5.81% $7,998
USAA Federal Savings Bank 2 6.13% $21,193
GUARANTEED RATE, INC. 1 6.75% $9,907
FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $13,925
CARDINAL FINANCIAL 1 5.99% $24,419
Farmers Bank & Trust 1 5.99% $4,124
Fall River Five Cents Savings Bank 1 6.75% $4,130
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $5,299
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,279
Evolve Bank & Trust 1 5.75% $4,012
CMG MORTGAGE, INC. 1 6.50% $6,590
TJC Mortgage, Inc. 1 5.75% $17,799
Citizens Bank 1 6.25% $4,641
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $30,031
LAKEVIEW LOAN SERVICING, LLC 1 5.25% $7,887

The top Barnstable Town VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $13,487, which is $2,165 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Barnstable Town VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($13,487), QUICKEN LOANS, LLC ($15,651), .

The lowest rate Barnstable Town VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.16%), Mortgage Research Center, LLC (6.29%), .

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.