Barre VA Loan Rates, Closing Costs & Stats

Barre, VT

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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.

    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 0.29% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.6% and one month ago for the week of 2024-10-11, the average rate was 6.17%.

    The average rate one year ago was 7.56%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    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
    2024-03-01 $379,000 (7.7%) $491,586 (2.6%) 0.00 70
    2024-04-01 $375,000 (-5.1%) $483,044 (-4.5%) 0.00 76
    2024-05-01 $421,950 (1.2%) $516,075 (-3.9%) 0.00 79
    2024-06-01 $449,250 (-0.3%) $511,065 (-15.5%) 0.00 86
    2024-07-01 $455,750 (-8.3%) $594,090 (-3.3%) 0.00 110
    2024-08-01 $498,000 (-3.4%) $633,775 (-5.8%) 0.00 138
    2024-09-01 $480,000 (6.7%) $654,370 (8.2%) 0.00 152
    2024-10-01 $482,100 (17.8%) $630,758 (10.8%) 0.00 165
    Barre's median listing price for 2024-10-01 was $482,100, a difference of $72,725 (17.8%) versus the prior year and $2,100 versus the prior month.

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

    Barre's average listing price for 2024-10-01 was $630,758, a difference of $61,422 (10.8%) versus the prior year and $-23,612 versus the prior month.

    For the 2024-10-01 period, Barre had 165 MLS listings, a difference of 13 listings (9%) versus the prior month and 58 listings (54%) 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
    2024-03-01 0 days 1,689 sqft
    2024-04-01 0 days 1,669 sqft
    2024-05-01 0 days 1,839 sqft
    2024-06-01 0 days 1,680 sqft
    2024-07-01 0 days 1,973 sqft
    2024-08-01 0 days 2,035 sqft
    2024-09-01 0 days 2,000 sqft
    2024-10-01 0 days 2,008 sqft
    Barre's median listing age (time on market) for 2024-10-01 was 0 days.

    Barre's median square footage for active listings during the 2024-10-01 period was 2,008 sqft. One year prior, the average listing was 1,823 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.