Beaver Dam VA Loan Rates, Closing Costs & Stats

Beaver Dam, WI

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Beaver Dam's 35 lenders originated 80 VA loans during 2023. The total origination value was $22,580,000, with an average VA loan value of $282,250.

    Beaver Dam VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Beaver Dam averaged 6.25% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Beaver Dam's average VA mortgage closing costs are $5,116.

    The average rate for the prior week (2024-12-06) was 6.18% and one month ago for the week of 2024-11-08, the average rate was 6.28%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.36%.

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

    Beaver Dam 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 Beaver Dam level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.79% $8,440
    QUICKEN LOANS, LLC 6 6.22% $14,150
    UNITED WHOLESALE MORTGAGE, LLC 5 6.66% $6,751
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.25% $8,530
    Prosperity Home Mortgage, LLC 3 6.25% $3,195
    Barrington Bank & Trust Company, N.A. 3 6.08% $6,228
    FREEDOM MORTGAGE CORPORATION 3 6.63% $15,567
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.88% $5,830
    PLANET HOME LENDING, LLC 2 6.19% $8,869
    MOVEMENT MORTGAGE, LLC 2 7.00% $7,318
    GUARANTEED RATE AFFINITY, LLC 2 6.00% $2,390
    GUARANTEED RATE, INC. 2 6.69% $7,244
    GUILD MORTGAGE COMPANY 2 6.06% $12,700
    CMG MORTGAGE, INC. 2 7.44% $10,148
    BROKER SOLUTIONS, INC. 2 6.44% $14,461
    Associated Bank 2 6.31% $4,220
    The Huntington National Bank 1 6.75% $2,275
    USAA Federal Savings Bank 1 5.25% $11,254
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $12,992
    VILLAGE CAPITAL MORTGAGE 1 6.25% $3,820
    CARDINAL FINANCIAL 1 6.25% $4,938
    CORNERSTONE HOME LENDING, INC. 1 7.25% $4,771
    CROSSCOUNTRY MORTGAGE, LLC 1 8.25% $1,770
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.88% $6,323
    FIDELITY BANK 1 6.25% $17,301
    Flagstar Bank, FSB 1 6.63% $10,360
    Ixonia Bank 1 7.13% $3,875
    LOANDEPOT.COM, LLC 1 4.99% $11,114
    MID AMERICA MORTGAGE, INC. 1 5.88% $4,953
    Mid-Continent Funding, Inc. 1 6.00% $16,204
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $20,157
    NEWREZ LLC 1 5.63% $11,416
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $7,953
    Servion, Inc. 1 5.63% $9,917
    The Federal Savings Bank 1 6.25% $12,475

    The top Beaver Dam VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $8,440, which is $5,710 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Beaver Dam VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,440), .

    The lowest rate Beaver Dam VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.79%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Beaver Dam (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 $169,850 (13.3%) $226,877 (6.4%) 0.00 232
    2018-02-01 $179,800 (16.1%) $238,023 (12.2%) 0.00 224
    2018-03-01 $187,450 (17.2%) $241,948 (14.9%) 0.00 226
    2018-04-01 $192,450 (7.0%) $250,356 (12.8%) 0.00 228
    2018-05-01 $207,425 (17.3%) $279,286 (25.4%) 0.00 226
    2018-06-01 $219,900 (24.1%) $279,833 (26.9%) 0.00 236
    2018-07-01 $209,900 (18.0%) $282,413 (25.8%) 0.00 281
    2018-08-01 $209,900 (23.5%) $281,828 (27.7%) 0.00 308
    2018-09-01 $199,900 (17.7%) $266,680 (20.8%) 0.00 323
    2018-10-01 $205,000 (28.2%) $271,829 (28.6%) 0.00 322
    2018-11-01 $204,425 (24.9%) $279,382 (28.2%) 0.00 300
    2018-12-01 $199,900 (25.0%) $272,212 (22.7%) 0.00 257
    2019-01-01 $199,900 (17.7%) $279,419 (23.2%) 0.00 231
    2019-02-01 $209,900 (16.7%) $278,302 (16.9%) 0.00 222
    2019-03-01 $220,528 (17.7%) $280,200 (15.8%) 0.00 226
    2019-04-01 $229,950 (19.5%) $297,958 (19.0%) 0.00 232
    2019-05-01 $221,150 (6.6%) $288,379 (3.3%) 0.00 253
    2019-06-01 $235,000 (6.9%) $286,701 (2.5%) 0.00 263
    2019-07-01 $225,900 (7.6%) $286,761 (1.5%) 0.00 277
    2019-08-01 $220,836 (5.2%) $281,198 (-0.2%) 0.00 291
    2019-09-01 $214,741 (7.4%) $274,246 (2.8%) 0.00 299
    2019-10-01 $210,000 (2.4%) $269,611 (-0.8%) 0.00 304
    2019-11-01 $194,900 (-4.7%) $252,891 (-9.5%) 0.00 281
    2019-12-01 $199,850 (0.0%) $253,495 (-6.9%) 0.00 237
    2020-01-01 $199,900 (0.0%) $271,970 (-2.7%) 0.00 206
    2020-02-01 $199,900 (-4.8%) $272,328 (-2.2%) 0.00 204
    2020-03-01 $199,974 (-9.3%) $288,670 (3.0%) 0.00 184
    2020-04-01 $208,700 (-9.2%) $289,400 (-2.9%) 0.00 176
    2020-05-01 $239,000 (8.1%) $302,157 (4.8%) 0.00 179
    2020-06-01 $232,175 (-1.2%) $292,674 (2.1%) 0.00 189
    2020-07-01 $239,900 (6.2%) $296,119 (3.3%) 0.00 193
    2020-08-01 $239,900 (8.6%) $305,400 (8.6%) 0.00 181
    2020-09-01 $242,425 (12.9%) $318,464 (16.1%) 0.00 172
    2020-10-01 $254,900 (21.4%) $329,384 (22.2%) 0.00 162
    2020-11-01 $233,650 (19.9%) $318,518 (26.0%) 0.00 143
    2020-12-01 $212,450 (6.3%) $310,781 (22.6%) 0.00 129
    2021-01-01 $217,450 (8.8%) $308,067 (13.3%) 0.00 118
    2021-02-01 $225,000 (12.6%) $325,644 (19.6%) 0.00 104
    2021-03-01 $224,900 (12.5%) $332,303 (15.1%) 0.00 102
    2021-04-01 $234,425 (12.3%) $340,766 (17.8%) 0.00 109
    2021-05-01 $249,900 (4.6%) $318,351 (5.4%) 0.00 122
    2021-06-01 $237,450 (2.3%) $316,277 (8.1%) 0.00 140
    2021-07-01 $249,900 (4.2%) $325,003 (9.8%) 0.00 144
    2021-08-01 $242,388 (1.0%) $311,442 (2.0%) 0.00 173
    2021-09-01 $244,675 (0.9%) $313,853 (-1.5%) 0.00 170
    2021-10-01 $232,450 (-8.8%) $287,903 (-12.6%) 0.00 167
    2021-11-01 $223,550 (-4.3%) $286,402 (-10.1%) 0.00 147
    2021-12-01 $232,450 (9.4%) $297,017 (-4.4%) 0.00 123
    2022-01-01 $243,400 (11.9%) $303,000 (-1.6%) 0.00 82
    2022-02-01 $289,900 (28.8%) $343,997 (5.6%) 0.00 73
    2022-03-01 $309,900 (37.8%) $349,703 (5.2%) 0.00 76
    2022-04-01 $285,000 (21.6%) $350,999 (3.0%) 0.00 104
    2022-05-01 $274,900 (10.0%) $332,614 (4.5%) 0.00 124
    2022-06-01 $277,450 (16.9%) $365,082 (15.4%) 0.00 134
    2022-07-01 $299,000 (19.7%) $369,945 (13.8%) 0.00 139
    2022-08-01 $301,200 (24.3%) $371,685 (19.3%) 0.00 128
    2022-09-01 $295,225 (20.7%) $368,526 (17.4%) 0.00 126
    2022-10-01 $289,788 (24.7%) $365,512 (27.0%) 0.00 127
    2022-11-01 $284,803 (27.4%) $374,356 (30.7%) 0.00 114
    2022-12-01 $314,900 (35.5%) $394,857 (32.9%) 0.00 90
    2023-01-01 $334,225 (37.3%) $388,067 (28.1%) 0.00 75
    2023-02-01 $345,675 (19.2%) $385,171 (12.0%) 0.00 78
    2023-03-01 $324,700 (4.8%) $379,416 (8.5%) 0.00 74
    2023-04-01 $299,900 (5.2%) $367,561 (4.7%) 0.00 90
    2023-05-01 $322,000 (17.1%) $362,771 (9.1%) 0.00 93
    2023-06-01 $329,225 (18.7%) $384,029 (5.2%) 0.00 112
    2023-07-01 $329,900 (10.3%) $422,797 (14.3%) 0.00 136
    2023-08-01 $338,825 (12.5%) $412,481 (11.0%) 0.00 144
    2023-09-01 $335,000 (13.5%) $409,096 (11.0%) 0.00 140
    2023-10-01 $334,500 (15.4%) $405,926 (11.1%) 0.00 150
    2023-11-01 $324,975 (14.1%) $397,151 (6.1%) 0.00 137
    2023-12-01 $299,900 (-4.8%) $386,540 (-2.1%) 0.00 119
    2024-01-01 $303,700 (-9.1%) $386,983 (-0.3%) 0.00 93
    2024-02-01 $361,150 (4.5%) $405,524 (5.3%) 0.00 86
    2024-03-01 $339,900 (4.7%) $415,541 (9.5%) 0.00 95
    2024-04-01 $339,475 (13.2%) $410,660 (11.7%) 0.00 113
    2024-05-01 $374,900 (16.4%) $436,590 (20.4%) 0.00 134
    2024-06-01 $369,450 (12.2%) $434,372 (13.1%) 0.00 136
    2024-07-01 $354,950 (7.6%) $428,631 (1.4%) 0.00 126
    2024-08-01 $349,900 (3.3%) $434,038 (5.2%) 0.00 152
    2024-09-01 $339,950 (1.5%) $417,502 (2.1%) 0.00 166
    2024-10-01 $334,925 (0.1%) $413,399 (1.8%) 0.00 172
    2024-11-01 $320,000 (-1.5%) $409,202 (3.0%) 0.00 163
    Beaver Dam's median listing price for 2024-11-01 was $320,000, a difference of $-4,975 (-1.5%) versus the prior year and $-14,925 versus the prior month.

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

    Beaver Dam's average listing price for 2024-11-01 was $409,202, a difference of $12,051 (3.0%) versus the prior year and $-4,197 versus the prior month.

    For the 2024-11-01 period, Beaver Dam had 163 MLS listings, a difference of -9 listings (-5%) versus the prior month and 26 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Beaver Dam (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,611 sqft
    2018-02-01 0 days 1,625 sqft
    2018-03-01 0 days 1,700 sqft
    2018-04-01 0 days 1,652 sqft
    2018-05-01 0 days 1,702 sqft
    2018-06-01 0 days 1,731 sqft
    2018-07-01 0 days 1,725 sqft
    2018-08-01 0 days 1,738 sqft
    2018-09-01 0 days 1,668 sqft
    2018-10-01 0 days 1,688 sqft
    2018-11-01 0 days 1,741 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,673 sqft
    2019-02-01 0 days 1,680 sqft
    2019-03-01 0 days 1,638 sqft
    2019-04-01 0 days 1,674 sqft
    2019-05-01 0 days 1,731 sqft
    2019-06-01 0 days 1,792 sqft
    2019-07-01 0 days 1,729 sqft
    2019-08-01 0 days 1,716 sqft
    2019-09-01 0 days 1,716 sqft
    2019-10-01 0 days 1,716 sqft
    2019-11-01 0 days 1,711 sqft
    2019-12-01 0 days 1,700 sqft
    2020-01-01 0 days 1,686 sqft
    2020-02-01 0 days 1,742 sqft
    2020-03-01 0 days 1,723 sqft
    2020-04-01 0 days 1,683 sqft
    2020-05-01 0 days 1,801 sqft
    2020-06-01 0 days 1,718 sqft
    2020-07-01 0 days 1,812 sqft
    2020-08-01 0 days 1,829 sqft
    2020-09-01 0 days 1,879 sqft
    2020-10-01 0 days 1,870 sqft
    2020-11-01 0 days 1,809 sqft
    2020-12-01 0 days 1,710 sqft
    2021-01-01 0 days 1,675 sqft
    2021-02-01 0 days 1,750 sqft
    2021-03-01 0 days 1,777 sqft
    2021-04-01 0 days 1,799 sqft
    2021-05-01 0 days 1,783 sqft
    2021-06-01 0 days 1,701 sqft
    2021-07-01 0 days 1,775 sqft
    2021-08-01 0 days 1,729 sqft
    2021-09-01 0 days 1,726 sqft
    2021-10-01 0 days 1,710 sqft
    2021-11-01 0 days 1,725 sqft
    2021-12-01 0 days 1,749 sqft
    2022-01-01 0 days 1,648 sqft
    2022-02-01 0 days 1,694 sqft
    2022-03-01 0 days 1,617 sqft
    2022-04-01 0 days 1,721 sqft
    2022-05-01 0 days 1,675 sqft
    2022-06-01 0 days 1,709 sqft
    2022-07-01 0 days 1,768 sqft
    2022-08-01 0 days 1,806 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,695 sqft
    2022-11-01 0 days 1,694 sqft
    2022-12-01 0 days 1,693 sqft
    2023-01-01 0 days 1,688 sqft
    2023-02-01 0 days 1,641 sqft
    2023-03-01 0 days 1,625 sqft
    2023-04-01 0 days 1,672 sqft
    2023-05-01 0 days 1,742 sqft
    2023-06-01 0 days 1,799 sqft
    2023-07-01 0 days 1,728 sqft
    2023-08-01 0 days 1,721 sqft
    2023-09-01 0 days 1,771 sqft
    2023-10-01 0 days 1,785 sqft
    2023-11-01 0 days 1,731 sqft
    2023-12-01 0 days 1,703 sqft
    2024-01-01 0 days 1,702 sqft
    2024-02-01 0 days 1,714 sqft
    2024-03-01 0 days 1,790 sqft
    2024-04-01 0 days 1,770 sqft
    2024-05-01 0 days 1,820 sqft
    2024-06-01 0 days 1,783 sqft
    2024-07-01 0 days 1,793 sqft
    2024-08-01 0 days 1,768 sqft
    2024-09-01 0 days 1,740 sqft
    2024-10-01 0 days 1,723 sqft
    2024-11-01 0 days 1,717 sqft
    Beaver Dam's median listing age (time on market) for 2024-11-01 was 0 days.

    Beaver Dam's median square footage for active listings during the 2024-11-01 period was 1,717 sqft. One year prior, the average listing was 1,731 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.