Barre VA Loan Rates, Closing Costs & Stats

Barre, VT

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.

Barre's 14 lenders originated 28 VA loans during 2023. The total origination value was $9,310,000, with an average VA loan value of $332,500.

Barre VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Barre averaged 6.63% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Barre's average VA mortgage closing costs are $6,169.

The average rate for the prior week (2024-03-15) was 6.44% and one month ago for the week of 2024-02-16, the average rate was 6.77%.

The average rate one year ago was 6.5%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.34%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Barre 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 Barre level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 9 6.66% $7,447
QUICKEN LOANS, LLC 3 6.25% $11,012
USAA Federal Savings Bank 3 6.83% $13,888
EMM LOANS LLC 1 6.75% $8,918
FREEDOM MORTGAGE CORPORATION 1 6.25% $19,522
GUARANTEED RATE, INC. 1 6.75% $775
American Mortgage & Equity Consultants, Inc. 1 7.13% $11,599
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $32,578
PENNYMAC LOAN SERVICES, LLC 1 5.75% $5,015
RELIANCE FIRST CAPITAL, LLC 1 6.25% $8,101
UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $10,600
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $7,835
BROKER SOLUTIONS, INC. 1 6.60% $4,692
Carrington Mortgage Services, LLC 1 5.75% $16,624

The top Barre VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $7,447, which is $3,565 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Barre VA lenders (with over 10 loans originated) are .

The lowest rate Barre VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Barre (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 $285,000 (28.8%) $380,098 (22.7%) 0.00 364
2018-02-01 $281,175 (25.0%) $376,751 (20.1%) 0.00 355
2018-03-01 $278,900 (25.4%) $370,665 (19.6%) 0.00 353
2018-04-01 $275,875 (22.7%) $357,187 (15.3%) 0.00 352
2018-05-01 $281,500 (21.6%) $358,497 (12.9%) 0.00 360
2018-06-01 $299,000 (19.9%) $373,243 (17.6%) 0.00 384
2018-07-01 $295,750 (18.3%) $371,115 (15.4%) 0.00 406
2018-08-01 $292,250 (12.9%) $365,930 (10.9%) 0.00 416
2018-09-01 $295,000 (9.3%) $363,756 (1.0%) 0.00 417
2018-10-01 $297,250 (9.9%) $368,751 (1.4%) 0.00 409
2018-11-01 $289,900 (9.0%) $370,127 (4.6%) 0.00 386
2018-12-01 $295,000 (5.7%) $366,507 (-1.1%) 0.00 357
2019-01-01 $299,450 (5.1%) $369,480 (-2.8%) 0.00 323
2019-02-01 $285,000 (1.4%) $360,935 (-4.2%) 0.00 319
2019-03-01 $273,714 (-1.9%) $362,976 (-2.1%) 0.00 319
2019-04-01 $279,714 (1.4%) $364,227 (2.0%) 0.00 316
2019-05-01 $295,000 (4.8%) $357,514 (-0.3%) 0.00 335
2019-06-01 $299,000 (0.0%) $370,828 (-0.7%) 0.00 349
2019-07-01 $311,250 (5.2%) $367,144 (-1.1%) 0.00 393
2019-08-01 $308,941 (5.7%) $370,209 (1.2%) 0.00 389
2019-09-01 $303,602 (2.9%) $367,832 (1.1%) 0.00 385
2019-10-01 $300,318 (1.0%) $362,027 (-1.8%) 0.00 373
2019-11-01 $305,000 (5.2%) $362,985 (-1.9%) 0.00 321
2019-12-01 $317,225 (7.5%) $373,339 (1.9%) 0.00 289
2020-01-01 $309,875 (3.5%) $368,883 (-0.2%) 0.00 274
2020-02-01 $315,000 (10.5%) $375,975 (4.2%) 0.00 268
2020-03-01 $299,925 (9.6%) $369,322 (1.8%) 0.00 258
2020-04-01 $299,925 (7.2%) $372,765 (2.3%) 0.00 259
2020-05-01 $300,000 (1.7%) $374,412 (4.7%) 0.00 247
2020-06-01 $306,075 (2.4%) $386,162 (4.1%) 0.00 246
2020-07-01 $299,900 (-3.7%) $383,812 (4.5%) 0.00 235
2020-08-01 $299,900 (-2.9%) $407,425 (10.1%) 0.00 211
2020-09-01 $297,500 (-2.0%) $412,060 (12.0%) 0.00 204
2020-10-01 $299,700 (-0.2%) $415,311 (14.7%) 0.00 187
2020-11-01 $297,625 (-2.4%) $427,914 (17.9%) 0.00 162
2020-12-01 $299,350 (-5.6%) $454,750 (21.8%) 0.00 151
2021-01-01 $296,000 (-4.5%) $469,760 (27.4%) 0.00 132
2021-02-01 $305,150 (-3.1%) $507,140 (34.9%) 0.00 112
2021-03-01 $329,450 (9.8%) $550,899 (49.2%) 0.00 101
2021-04-01 $378,500 (26.2%) $589,887 (58.3%) 0.00 91
2021-05-01 $349,000 (16.3%) $500,748 (33.7%) 0.00 99
2021-06-01 $319,750 (4.5%) $510,957 (32.3%) 0.00 116
2021-07-01 $309,000 (3.0%) $474,631 (23.7%) 0.00 129
2021-08-01 $290,225 (-3.2%) $457,381 (12.3%) 0.00 130
2021-09-01 $301,225 (1.3%) $463,104 (12.4%) 0.00 113
2021-10-01 $279,250 (-6.8%) $442,249 (6.5%) 0.00 112
2021-11-01 $279,950 (-5.9%) $449,017 (4.9%) 0.00 87
2021-12-01 $286,450 (-4.3%) $454,466 (-0.1%) 0.00 67
2022-01-01 $269,450 (-9.0%) $455,366 (-3.1%) 0.00 58
2022-02-01 $287,450 (-5.8%) $419,773 (-17.2%) 0.00 44
2022-03-01 $283,750 (-13.9%) $447,182 (-18.8%) 0.00 47
2022-04-01 $347,450 (-8.2%) $461,635 (-21.7%) 0.00 45
2022-05-01 $381,500 (9.3%) $551,320 (10.1%) 0.00 60
2022-06-01 $362,250 (13.3%) $524,023 (2.6%) 0.00 73
2022-07-01 $373,000 (20.7%) $518,662 (9.3%) 0.00 87
2022-08-01 $357,000 (23.0%) $486,577 (6.4%) 0.00 91
2022-09-01 $384,000 (27.5%) $480,870 (3.8%) 0.00 93
2022-10-01 $350,000 (25.3%) $466,822 (5.6%) 0.00 90
2022-11-01 $367,250 (31.2%) $459,212 (2.3%) 0.00 78
2022-12-01 $352,000 (22.9%) $463,544 (2.0%) 0.00 58
2023-01-01 $363,250 (34.8%) $503,938 (10.7%) 0.00 46
2023-02-01 $344,000 (19.7%) $477,575 (13.8%) 0.00 42
2023-03-01 $351,975 (24.0%) $478,964 (7.1%) 0.00 40
2023-04-01 $395,000 (13.7%) $505,997 (9.6%) 0.00 45
2023-05-01 $417,000 (9.3%) $536,916 (-2.6%) 0.00 50
2023-06-01 $450,750 (24.4%) $604,431 (15.3%) 0.00 67
2023-07-01 $497,000 (33.2%) $614,295 (18.4%) 0.00 68
2023-08-01 $515,500 (44.4%) $673,067 (38.3%) 0.00 84
2023-09-01 $450,000 (17.2%) $604,714 (25.8%) 0.00 97
2023-10-01 $409,375 (17.0%) $569,336 (22.0%) 0.00 107
2023-11-01 $357,200 (-2.7%) $555,767 (21.0%) 0.00 91
2023-12-01 $379,000 (7.7%) $576,983 (24.5%) 0.00 75
2024-01-01 $342,500 (-5.7%) $573,141 (13.7%) 0.00 60
2024-02-01 $391,000 (13.7%) $520,243 (8.9%) 0.00 64
Barre's median listing price for 2024-02-01 was $391,000, a difference of $47,000 (13.7%) versus the prior year and $48,500 versus the prior month.

Barre's median listing price comes in at 0% of the national average.

Barre's average listing price for 2024-02-01 was $520,243, a difference of $42,668 (8.9%) versus the prior year and $-52,898 versus the prior month.

For the 2024-02-01 period, Barre had 64 MLS listings, a difference of 4 listings (7%) versus the prior month and 22 listings (52%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Barre (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,788 sqft
2018-02-01 0 days 1,763 sqft
2018-03-01 0 days 1,766 sqft
2018-04-01 0 days 1,808 sqft
2018-05-01 0 days 1,886 sqft
2018-06-01 0 days 1,926 sqft
2018-07-01 0 days 1,967 sqft
2018-08-01 0 days 1,932 sqft
2018-09-01 0 days 1,920 sqft
2018-10-01 0 days 1,917 sqft
2018-11-01 0 days 1,920 sqft
2018-12-01 0 days 1,888 sqft
2019-01-01 0 days 1,855 sqft
2019-02-01 0 days 1,812 sqft
2019-03-01 0 days 1,808 sqft
2019-04-01 0 days 1,809 sqft
2019-05-01 0 days 1,864 sqft
2019-06-01 0 days 1,898 sqft
2019-07-01 0 days 1,900 sqft
2019-08-01 0 days 1,899 sqft
2019-09-01 0 days 1,899 sqft
2019-10-01 0 days 1,892 sqft
2019-11-01 0 days 1,872 sqft
2019-12-01 0 days 1,872 sqft
2020-01-01 0 days 1,867 sqft
2020-02-01 0 days 1,900 sqft
2020-03-01 0 days 1,858 sqft
2020-04-01 0 days 1,830 sqft
2020-05-01 0 days 1,836 sqft
2020-06-01 0 days 1,809 sqft
2020-07-01 0 days 1,824 sqft
2020-08-01 0 days 1,802 sqft
2020-09-01 0 days 1,800 sqft
2020-10-01 0 days 1,800 sqft
2020-11-01 0 days 1,800 sqft
2020-12-01 0 days 1,821 sqft
2021-01-01 0 days 1,777 sqft
2021-02-01 0 days 1,805 sqft
2021-03-01 0 days 1,961 sqft
2021-04-01 0 days 2,015 sqft
2021-05-01 0 days 1,795 sqft
2021-06-01 0 days 1,776 sqft
2021-07-01 0 days 1,740 sqft
2021-08-01 0 days 1,716 sqft
2021-09-01 0 days 1,733 sqft
2021-10-01 0 days 1,786 sqft
2021-11-01 0 days 1,720 sqft
2021-12-01 0 days 1,635 sqft
2022-01-01 0 days 1,579 sqft
2022-02-01 0 days 1,470 sqft
2022-03-01 0 days 1,546 sqft
2022-04-01 0 days 1,587 sqft
2022-05-01 0 days 1,653 sqft
2022-06-01 0 days 1,685 sqft
2022-07-01 0 days 1,725 sqft
2022-08-01 0 days 1,773 sqft
2022-09-01 0 days 1,800 sqft
2022-10-01 0 days 1,800 sqft
2022-11-01 0 days 1,816 sqft
2022-12-01 0 days 1,704 sqft
2023-01-01 0 days 1,685 sqft
2023-02-01 0 days 1,510 sqft
2023-03-01 0 days 1,557 sqft
2023-04-01 0 days 1,649 sqft
2023-05-01 0 days 1,638 sqft
2023-06-01 0 days 1,837 sqft
2023-07-01 0 days 2,007 sqft
2023-08-01 0 days 2,035 sqft
2023-09-01 0 days 1,976 sqft
2023-10-01 0 days 1,823 sqft
2023-11-01 0 days 1,860 sqft
2023-12-01 0 days 1,936 sqft
2024-01-01 0 days 1,891 sqft
2024-02-01 0 days 1,763 sqft
Barre's median listing age (time on market) for 2024-02-01 was 0 days.

Barre's median square footage for active listings during the 2024-02-01 period was 1,763 sqft. One year prior, the average listing was 1,510 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.