Battle Creek VA Loan Rates, Closing Costs & Stats

BATTLE CREEK, MI

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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.

    Battle Creek's 37 lenders originated 176 VA loans during 2023. The total origination value was $41,060,000, with an average VA loan value of $233,295.

    Battle Creek VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Battle Creek averaged 7.08% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Battle Creek's average VA mortgage closing costs are $4,415.

    The average rate for the prior week (2024-04-12) was 7.21% and one month ago for the week of 2024-03-15, the average rate was 6.87%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.12%.

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

    Battle Creek 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 Battle Creek level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 56 6.77% $6,209
    UNITED WHOLESALE MORTGAGE, LLC 14 6.84% $4,174
    NAVY FEDERAL CREDIT UNION 9 5.89% $3,667
    QUICKEN LOANS, LLC 9 6.12% $8,423
    NEW DAY FINANCIAL, LLC 8 7.23% $9,951
    FREEDOM MORTGAGE CORPORATION 7 6.45% $13,511
    UNION HOME MORTGAGE CORP. 6 6.65% $5,424
    Flagstar Bank, FSB 6 7.00% $5,003
    PENNYMAC LOAN SERVICES, LLC 4 5.94% $6,801
    GVC MORTGAGE, INC. 4 6.91% $4,997
    LOANDEPOT.COM, LLC 4 5.91% $7,751
    USAA Federal Savings Bank 3 5.58% $10,034
    CONTOUR MORTGAGE CORPORATION 3 6.54% $10,572
    GUARANTEED RATE, INC. 3 5.83% $1,255
    The Huntington National Bank 3 6.79% $1,996
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.81% $5,604
    LAKE MICHIGAN CREDIT UNION 2 6.31% $4,969
    MEMBER FIRST MORTGAGE, LLC 2 6.50% $12,343
    Northpointe Bank 2 6.25% $4,407
    AMERISAVE MORTGAGE CORPORATION 2 7.25% $7,225
    CARDINAL FINANCIAL 2 5.75% $11,658
    SUMMIT HOME MORTGAGE, LLC 2 7.25% $3,503
    VILLAGE CAPITAL MORTGAGE 1 6.00% $4,175
    BNC National Bank 1 5.63% $9,395
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $8,051
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.99% $7,606
    GUILD MORTGAGE COMPANY 1 6.13% $11,240
    JPMorgan Chase Bank 1 6.50% $14,831
    MORTGAGE 1 INCORPORATED 1 6.13% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $18,413
    Neighborhood Loans, Inc. 1 7.13% $7,072
    NEWREZ LLC 1 7.25% $8,537
    PLAZA HOME MORTGAGE, INC. 1 7.63% $10,863
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $625
    Regions Bank 1 7.25% $7,547
    The Dart Bank 1 6.63% $6,692
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.75% $4,905

    The top Battle Creek VA lender as defined by loan originations is Mortgage Research Center, LLC, with 56 VA loans originated. Their average total fees are $6,209, which is $2,035 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Battle Creek VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($4,174), Mortgage Research Center, LLC ($6,209), .

    The lowest rate Battle Creek VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.77%), UNITED WHOLESALE MORTGAGE, LLC (6.84%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Battle Creek (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 $99,900 (5.3%) $163,199 (19.6%) 0.37 400
    2018-02-01 $98,650 (-0.7%) $163,307 (17.8%) 0.36 363
    2018-03-01 $99,950 (1.0%) $171,913 (21.5%) 0.38 331
    2018-04-01 $126,900 (20.9%) $180,830 (6.8%) 0.43 345
    2018-05-01 $143,225 (21.7%) $188,387 (10.2%) 0.49 373
    2018-06-01 $144,900 (16.0%) $192,222 (13.1%) 0.48 422
    2018-07-01 $142,750 (14.3%) $188,845 (8.9%) 0.47 450
    2018-08-01 $139,950 (12.1%) $186,153 (6.0%) 0.47 477
    2018-09-01 $139,900 (18.6%) $187,947 (11.1%) 0.46 495
    2018-10-01 $139,900 (22.8%) $188,533 (13.1%) 0.47 469
    2018-11-01 $132,750 (20.7%) $177,359 (6.6%) 0.45 456
    2018-12-01 $136,750 (25.5%) $178,660 (9.6%) 0.46 445
    2019-01-01 $131,850 (32.0%) $174,765 (7.1%) 0.46 404
    2019-02-01 $135,625 (37.5%) $178,911 (9.6%) 0.45 374
    2019-03-01 $137,214 (37.3%) $181,251 (5.4%) 0.44 367
    2019-04-01 $141,700 (11.7%) $193,515 (7.0%) 0.43 370
    2019-05-01 $151,200 (5.6%) $209,022 (11.0%) 0.46 379
    2019-06-01 $169,900 (17.3%) $228,299 (18.8%) 0.51 369
    2019-07-01 $169,900 (19.0%) $227,364 (20.4%) 0.50 402
    2019-08-01 $169,473 (21.1%) $222,001 (19.3%) 0.51 424
    2019-09-01 $161,332 (15.3%) $210,904 (12.2%) 0.50 437
    2019-10-01 $155,905 (11.4%) $203,506 (7.9%) 0.50 437
    2019-11-01 $149,900 (12.9%) $201,436 (13.6%) 0.49 393
    2019-12-01 $146,722 (7.3%) $190,706 (6.7%) 0.49 360
    2020-01-01 $145,000 (10.0%) $185,471 (6.1%) 0.48 340
    2020-02-01 $143,000 (5.4%) $190,437 (6.4%) 0.45 323
    2020-03-01 $145,973 (6.4%) $202,831 (11.9%) 0.46 274
    2020-04-01 $139,800 (-1.3%) $198,170 (2.4%) 0.44 270
    2020-05-01 $149,900 (-0.9%) $206,896 (-1.0%) 0.46 265
    2020-06-01 $172,450 (1.5%) $229,298 (0.4%) 0.51 250
    2020-07-01 $193,450 (13.9%) $245,000 (7.8%) 0.55 227
    2020-08-01 $198,000 (16.8%) $234,670 (5.7%) 0.56 230
    2020-09-01 $164,900 (2.2%) $212,997 (1.0%) 0.47 243
    2020-10-01 $160,000 (2.6%) $224,258 (10.2%) 0.46 237
    2020-11-01 $159,950 (6.7%) $217,989 (8.2%) 0.46 229
    2020-12-01 $154,025 (5.0%) $210,136 (10.2%) 0.45 229
    2021-01-01 $150,000 (3.5%) $208,524 (12.4%) 0.46 206
    2021-02-01 $154,100 (7.8%) $232,360 (22.0%) 0.45 153
    2021-03-01 $177,400 (21.5%) $256,039 (26.2%) 0.48 114
    2021-04-01 $181,250 (29.7%) $274,000 (38.3%) 0.48 102
    2021-05-01 $185,000 (23.4%) $269,882 (30.4%) 0.47 119
    2021-06-01 $174,950 (1.5%) $266,853 (16.4%) 0.43 170
    2021-07-01 $159,950 (-17.3%) $269,977 (10.2%) 0.40 209
    2021-08-01 $167,400 (-15.5%) $254,645 (8.5%) 0.43 233
    2021-09-01 $158,000 (-4.2%) $250,827 (17.8%) 0.42 224
    2021-10-01 $159,900 (-0.1%) $245,684 (9.6%) 0.41 218
    2021-11-01 $171,450 (7.2%) $269,144 (23.5%) 0.45 186
    2021-12-01 $159,900 (3.8%) $279,974 (33.2%) 0.43 155
    2022-01-01 $159,900 (6.6%) $266,074 (27.6%) 0.41 140
    2022-02-01 $164,400 (6.7%) $293,064 (26.1%) 0.41 116
    2022-03-01 $193,675 (9.2%) $317,304 (23.9%) 0.48 114
    2022-04-01 $199,900 (10.3%) $326,376 (19.1%) 0.47 121
    2022-05-01 $222,475 (20.3%) $315,910 (17.1%) 0.50 170
    2022-06-01 $215,500 (23.2%) $308,827 (15.7%) 0.47 208
    2022-07-01 $198,500 (24.1%) $289,316 (7.2%) 0.44 254
    2022-08-01 $199,975 (19.5%) $282,110 (10.8%) 0.47 256
    2022-09-01 $197,425 (25.0%) $255,429 (1.8%) 0.00 271
    2022-10-01 $185,000 (15.7%) $247,659 (0.8%) 0.00 277
    2022-11-01 $188,200 (9.8%) $251,686 (-6.5%) 0.00 283
    2022-12-01 $192,450 (20.4%) $244,807 (-12.6%) 0.00 249
    2023-01-01 $189,900 (18.8%) $233,548 (-12.2%) 0.00 199
    2023-02-01 $182,450 (11.0%) $218,362 (-25.5%) 0.00 168
    2023-03-01 $195,000 (0.7%) $265,729 (-16.3%) 0.00 161
    2023-04-01 $234,500 (17.3%) $288,619 (-11.6%) 0.00 146
    2023-05-01 $249,925 (12.3%) $298,362 (-5.6%) 0.00 166
    2023-06-01 $244,200 (13.3%) $300,964 (-2.6%) 0.00 170
    2023-07-01 $239,900 (20.9%) $297,153 (2.7%) 0.00 196
    2023-08-01 $227,425 (13.7%) $294,981 (4.6%) 0.00 212
    2023-09-01 $220,000 (11.4%) $284,849 (11.5%) 0.00 220
    2023-10-01 $228,725 (23.6%) $283,737 (14.6%) 0.00 231
    2023-11-01 $217,450 (15.5%) $272,129 (8.1%) 0.00 238
    2023-12-01 $199,000 (3.4%) $254,847 (4.1%) 0.00 209
    2024-01-01 $195,475 (2.9%) $242,680 (3.9%) 0.00 191
    2024-02-01 $209,250 (14.7%) $258,991 (18.6%) 0.00 200
    2024-03-01 $249,950 (28.2%) $282,820 (6.4%) 0.00 194
    Battle Creek's median listing price for 2024-03-01 was $249,950, a difference of $54,950 (28.2%) versus the prior year and $40,700 versus the prior month.

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

    Battle Creek's average listing price for 2024-03-01 was $282,820, a difference of $17,091 (6.4%) versus the prior year and $23,829 versus the prior month.

    For the 2024-03-01 period, Battle Creek had 194 MLS listings, a difference of -6 listings (-3%) versus the prior month and 33 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Battle Creek (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 1,559 sqft
    2018-02-01 72 days 1,576 sqft
    2018-03-01 61 days 1,636 sqft
    2018-04-01 50 days 1,673 sqft
    2018-05-01 45 days 1,744 sqft
    2018-06-01 42 days 1,800 sqft
    2018-07-01 45 days 1,699 sqft
    2018-08-01 43 days 1,722 sqft
    2018-09-01 45 days 1,719 sqft
    2018-10-01 54 days 1,701 sqft
    2018-11-01 60 days 1,661 sqft
    2018-12-01 69 days 1,662 sqft
    2019-01-01 72 days 1,628 sqft
    2019-02-01 65 days 1,581 sqft
    2019-03-01 57 days 1,591 sqft
    2019-04-01 51 days 1,618 sqft
    2019-05-01 45 days 1,635 sqft
    2019-06-01 50 days 1,698 sqft
    2019-07-01 51 days 1,740 sqft
    2019-08-01 52 days 1,777 sqft
    2019-09-01 52 days 1,766 sqft
    2019-10-01 56 days 1,762 sqft
    2019-11-01 57 days 1,679 sqft
    2019-12-01 68 days 1,742 sqft
    2020-01-01 73 days 1,682 sqft
    2020-02-01 66 days 1,620 sqft
    2020-03-01 62 days 1,690 sqft
    2020-04-01 62 days 1,636 sqft
    2020-05-01 72 days 1,710 sqft
    2020-06-01 58 days 1,768 sqft
    2020-07-01 52 days 1,754 sqft
    2020-08-01 53 days 1,674 sqft
    2020-09-01 49 days 1,558 sqft
    2020-10-01 49 days 1,556 sqft
    2020-11-01 57 days 1,556 sqft
    2020-12-01 60 days 1,568 sqft
    2021-01-01 71 days 1,556 sqft
    2021-02-01 86 days 1,556 sqft
    2021-03-01 84 days 1,556 sqft
    2021-04-01 53 days 1,592 sqft
    2021-05-01 42 days 1,616 sqft
    2021-06-01 34 days 1,616 sqft
    2021-07-01 35 days 1,616 sqft
    2021-08-01 37 days 1,591 sqft
    2021-09-01 46 days 1,528 sqft
    2021-10-01 49 days 1,579 sqft
    2021-11-01 53 days 1,605 sqft
    2021-12-01 61 days 1,598 sqft
    2022-01-01 67 days 1,566 sqft
    2022-02-01 76 days 1,525 sqft
    2022-03-01 59 days 1,575 sqft
    2022-04-01 42 days 1,616 sqft
    2022-05-01 32 days 1,608 sqft
    2022-06-01 35 days 1,595 sqft
    2022-07-01 42 days 1,616 sqft
    2022-08-01 43 days 1,586 sqft
    2022-09-01 0 days 1,624 sqft
    2022-10-01 0 days 1,616 sqft
    2022-11-01 0 days 1,571 sqft
    2022-12-01 0 days 1,616 sqft
    2023-01-01 0 days 1,587 sqft
    2023-02-01 0 days 1,616 sqft
    2023-03-01 0 days 1,616 sqft
    2023-04-01 0 days 1,616 sqft
    2023-05-01 0 days 1,616 sqft
    2023-06-01 0 days 1,616 sqft
    2023-07-01 0 days 1,616 sqft
    2023-08-01 0 days 1,557 sqft
    2023-09-01 0 days 1,584 sqft
    2023-10-01 0 days 1,568 sqft
    2023-11-01 0 days 1,532 sqft
    2023-12-01 0 days 1,491 sqft
    2024-01-01 0 days 1,495 sqft
    2024-02-01 0 days 1,488 sqft
    2024-03-01 0 days 1,542 sqft
    Battle Creek's median listing age (time on market) for 2024-03-01 was 0 days.

    Battle Creek's median square footage for active listings during the 2024-03-01 period was 1,542 sqft. One year prior, the average listing was 1,616 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.