Battle Creek VA Loan Rates, Closing Costs & Stats

BATTLE CREEK, MI

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 62 lenders originated 242 VA loans during 2022. The total origination value was $49,840,000, with an average VA loan value of $205,950.

Battle Creek VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Battle Creek averaged 6.8% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Battle Creek's average VA mortgage closing costs are $4,158.

The average rate for the prior week (2024-02-23) was 6.63% and one month ago for the week of 2024-01-26, the average rate was 6.56%.

The average rate one year ago was 6.7%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.67%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 55 5.14% $4,524
QUICKEN LOANS, LLC 21 4.46% $7,183
UNITED WHOLESALE MORTGAGE, LLC 15 4.87% $5,997
USAA Federal Savings Bank 12 4.29% $5,044
FREEDOM MORTGAGE CORPORATION 11 4.25% $6,639
AMERIFIRST FINANCIAL CORPORATION 10 5.21% $6,202
NAVY FEDERAL CREDIT UNION 9 4.40% $3,738
NEW DAY FINANCIAL, LLC 8 4.83% $7,013
UNION HOME MORTGAGE CORP. 5 5.10% $4,750
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 5.25% $5,051
Neighborhood Loans, Inc. 4 5.09% $4,821
MEMBER FIRST MORTGAGE, LLC 4 4.38% $8,775
VILLAGE CAPITAL MORTGAGE 3 3.63% $5,894
CONTOUR MORTGAGE CORPORATION 3 5.71% $6,369
PENNYMAC LOAN SERVICES, LLC 3 2.88% $4,754
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 4.75% $4,077
Wells Fargo Bank 2 5.50% $4,674
Mr. Cooper ( Nationstar Mortgage ) 2 5.13% $6,402
GUARANTEED RATE, INC. 2 5.19% $6,898
AMERISAVE MORTGAGE CORPORATION 2 3.56% $11,939
Independent Bank 2 4.38% $4,440
Flagstar Bank, FSB 2 5.69% $6,206
ROYAL UNITED MORTGAGE LLC 2 4.88% $8,353
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 5.00% $3,343
SUN WEST MORTGAGE COMPANY, INC. 2 4.38% $9,325
LOANDEPOT.COM, LLC 2 2.49% $1,289
The Federal Savings Bank 2 2.88% $17,949
The Huntington National Bank 2 4.00% $2,420
Residential Mortgage Solutions, Inc. 1 5.25% $7,148
SUCCESS MORTGAGE PARTNERS, INC. 1 3.13% $6,124
Texana Bank 1 5.25% $12,692
UNITED 1 5.00% $3,152
UNIVERSITY LENDING GROUP, LLC 1 5.13% $7,577
U.S. Bank 1 5.00% $3,152
NBKC BANK 1 2.75% $2,129
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.63% $6,679
Barrington Bank & Trust Company, N.A. 1 3.30% $3,226
BNC National Bank 1 4.00% $3,624
BROKER SOLUTIONS, INC. 1 5.13% $4,705
Carrington Mortgage Services, LLC 1 6.13% $278
CHERRY CREEK MORTGAGE, LLC 1 5.75% $750
Citizens Bank 1 5.13% $2,026
CLEARPATH LENDING 1 4.50% $5,511
CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $5,079
EVERETT FINANCIAL, INC. 1 5.63% $2,337
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.25% $6,450
Fifth Third Bank 1 6.13% $4,256
First Federal Bank 1 5.49% $11,678
First Guaranty Mortgage Corporation 1 4.50% $3,816
FLAT BRANCH MORTGAGE, INC. 1 3.50% $8,303
HOME POINT FINANCIAL CORPORATION 1 4.25% $8,427
HomePromise Corporation 1 7.50% $12,065
INB 1 6.13% $13,138
INLANTA MORTGAGE, INC. 1 3.25% $7,547
LAKE MICHIGAN CREDIT UNION 1 6.38% $12,668
Low VA Rates, LLC 1 6.00% $4,720
MORTGAGE CENTER L.C 1 3.13% $6,896
Nations Lending Corporation 1 4.38% $9,981
ACADEMY MORTGAGE CORPORATION 1 5.75% $4,801
NEWREZ LLC 1 2.75% $1,586
Northpointe Bank 1 6.50% $3,425
PLANET HOME LENDING, LLC 1 4.75% $5,184

The top Battle Creek VA lender as defined by loan originations is Mortgage Research Center, LLC, with 55 VA loans originated. Their average total fees are $4,524, which is $2,659 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Battle Creek VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,524), USAA Federal Savings Bank ($5,044), UNITED WHOLESALE MORTGAGE, LLC ($5,997), AMERIFIRST FINANCIAL CORPORATION ($6,202) and FREEDOM MORTGAGE CORPORATION ($6,639).

The lowest rate Battle Creek VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (4.25%), USAA Federal Savings Bank (4.29%), QUICKEN LOANS, LLC (4.46%), UNITED WHOLESALE MORTGAGE, LLC (4.87%) and Mortgage Research Center, LLC (5.14%).


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
Battle Creek's median listing price for 2024-01-01 was $195,475, a difference of $5,575 (2.9%) versus the prior year and $-3,525 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 2024-01-01 was $242,680, a difference of $9,132 (3.9%) versus the prior year and $-12,167 versus the prior month.

For the 2024-01-01 period, Battle Creek had 191 MLS listings, a difference of -18 listings (-9%) versus the prior month and -8 listings (-4%) 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
Battle Creek's median listing age (time on market) for 2024-01-01 was 0 days.

Battle Creek's median square footage for active listings during the 2024-01-01 period was 1,495 sqft. One year prior, the average listing was 1,587 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.