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 40 lenders originated 93 VA loans during 2022. The total origination value was $22,655,000, with an average VA loan value of $243,602.

    Beaver Dam VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Beaver Dam averaged 6.36% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Beaver Dam's average VA mortgage closing costs are $4,722.

    The average rate for the prior week (2023-05-19) was 6.08% and one month ago for the week of 2023-04-21, the average rate was 5.8%.

    The average rate one year ago was 4.67%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.58%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 14 5.23% $6,049
    NAVY FEDERAL CREDIT UNION 5 3.95% $5,136
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.97% $4,876
    QUICKEN LOANS, LLC 5 3.47% $9,589
    FREEDOM MORTGAGE CORPORATION 4 3.69% $11,953
    UNITED WHOLESALE MORTGAGE, LLC 4 4.56% $10,266
    Prosperity Home Mortgage, LLC 3 5.17% $4,467
    WISCONSIN MORTGAGE CORPORATION 3 4.54% $3,692
    LOANDEPOT.COM, LLC 3 3.54% $7,753
    CROSSCOUNTRY MORTGAGE, LLC 3 5.08% $7,365
    CHERRY CREEK MORTGAGE, LLC 2 3.88% $988
    FINANCE OF AMERICA MORTGAGE LLC 2 5.00% $5,983
    Mr. Cooper ( Nationstar Mortgage ) 2 3.88% $9,204
    Waterstone Mortgage Corporation 2 5.88% $12,533
    Wells Fargo Bank 2 4.44% $14,020
    CMG MORTGAGE, INC. 2 4.63% $10,697
    GUARANTEED RATE, INC. 2 6.25% $6,215
    NEW DAY FINANCIAL, LLC 2 5.68% $10,744
    HOME POINT FINANCIAL CORPORATION 2 6.00% $5,872
    PENNYMAC LOAN SERVICES, LLC 2 2.63% $2,926
    PLANET HOME LENDING, LLC 2 5.06% $6,553
    Mid-Continent Funding, Inc. 1 5.13% $11,476
    Associated Bank 1 3.63% $1,634
    Barrington Bank & Trust Company, N.A. 1 5.25% $8,800
    BNC National Bank 1 6.13% $9,381
    CORNERSTONE HOME LENDING, INC. 1 4.25% $1,825
    Flagstar Bank, FSB 1 6.50% $3,055
    GSF Mortgage Corporation 1 2.88% $6,399
    GUARANTEED RATE AFFINITY, LLC 1 3.25% $1,293
    INTERCAP LENDING INC. 1 2.25% $510
    LAKEVIEW LOAN SERVICING, LLC 1 4.50% $5,891
    MID AMERICA MORTGAGE, INC. 1 3.49% $1,412
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $9,552
    Nations Lending Corporation 1 5.75% $1,142
    NATIONS RELIABLE LENDING, LLC 1 3.88% $3,371
    NEWREZ LLC 1 3.13% $6,465
    Paramount Bank 1 3.13% $10,643
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.38% $16,770
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $5,644
    USAA Federal Savings Bank 1 6.63% $5,710

    The top Beaver Dam VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $6,049, which is $912 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Beaver Dam VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,049), .

    The lowest rate Beaver Dam VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (5.23%), .

    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 $167,350 (8.7%) $224,862 (8.1%) 0.00 230
    2018-02-01 $179,475 (16.2%) $236,098 (15.8%) 0.00 222
    2018-03-01 $185,450 (18.9%) $240,047 (19.8%) 0.00 225
    2018-04-01 $192,175 (6.1%) $249,444 (11.6%) 0.00 227
    2018-05-01 $205,200 (13.6%) $278,518 (26.6%) 0.00 225
    2018-06-01 $219,900 (22.7%) $279,556 (26.7%) 0.00 236
    2018-07-01 $209,900 (13.2%) $282,413 (26.8%) 0.00 281
    2018-08-01 $209,900 (20.2%) $281,828 (30.0%) 0.00 308
    2018-09-01 $199,900 (27.3%) $266,680 (22.9%) 0.00 323
    2018-10-01 $205,000 (31.6%) $271,829 (31.0%) 0.00 322
    2018-11-01 $204,425 (27.6%) $279,382 (30.6%) 0.00 300
    2018-12-01 $199,900 (29.8%) $272,212 (22.8%) 0.00 257
    2019-01-01 $199,900 (25.5%) $279,419 (21.4%) 0.00 231
    2019-02-01 $209,900 (17.5%) $278,302 (14.5%) 0.00 222
    2019-03-01 $219,900 (19.9%) $280,346 (13.1%) 0.00 218
    2019-04-01 $231,200 (21.6%) $298,070 (16.6%) 0.00 232
    2019-05-01 $221,150 (14.1%) $288,379 (2.7%) 0.00 253
    2019-06-01 $235,000 (10.2%) $286,701 (6.2%) 0.00 263
    2019-07-01 $225,900 (13.1%) $286,761 (4.4%) 0.00 277
    2019-08-01 $222,000 (9.4%) $283,546 (2.4%) 0.00 299
    2019-09-01 $219,925 (5.4%) $274,505 (4.5%) 0.00 323
    2019-10-01 $210,000 (1.8%) $269,752 (-0.2%) 0.00 299
    2019-11-01 $194,900 (-4.7%) $252,317 (-8.6%) 0.00 280
    2019-12-01 $199,650 (-4.1%) $252,837 (-4.9%) 0.00 236
    2020-01-01 $199,900 (-2.2%) $271,388 (2.3%) 0.00 205
    2020-02-01 $199,900 (-5.3%) $270,937 (4.3%) 0.00 202
    2020-03-01 $199,974 (-2.1%) $288,670 (11.5%) 0.00 184
    2020-04-01 $208,700 (0.1%) $289,400 (7.2%) 0.00 176
    2020-05-01 $239,000 (7.2%) $302,157 (16.8%) 0.00 179
    2020-06-01 $232,175 (2.3%) $292,674 (9.4%) 0.00 189
    2020-07-01 $239,900 (9.5%) $296,119 (10.2%) 0.00 193
    2020-08-01 $239,900 (14.0%) $305,400 (15.2%) 0.00 181
    2020-09-01 $242,425 (13.0%) $318,464 (21.3%) 0.00 172
    2020-10-01 $254,900 (19.3%) $329,384 (24.1%) 0.00 162
    2020-11-01 $233,650 (12.5%) $318,518 (28.4%) 0.00 143
    2020-12-01 $212,450 (9.3%) $310,781 (27.8%) 0.00 129
    2021-01-01 $217,450 (22.5%) $308,067 (23.9%) 0.00 118
    2021-02-01 $225,000 (13.1%) $325,644 (35.5%) 0.00 104
    2021-03-01 $224,900 (8.7%) $332,039 (28.3%) 0.00 102
    2021-04-01 $234,900 (10.2%) $340,766 (26.5%) 0.00 109
    2021-05-01 $249,900 (15.0%) $318,351 (3.6%) 0.00 122
    2021-06-01 $237,450 (3.1%) $316,277 (6.7%) 0.00 140
    2021-07-01 $249,900 (3.9%) $325,003 (10.3%) 0.00 144
    2021-08-01 $242,388 (-2.8%) $311,442 (-11.9%) 0.00 173
    2021-09-01 $244,675 (-5.0%) $313,853 (-15.1%) 0.00 170
    2021-10-01 $232,450 (-2.3%) $287,903 (-11.2%) 0.00 167
    2021-11-01 $223,550 (5.6%) $286,402 (-8.1%) 0.00 147
    2021-12-01 $232,450 (19.6%) $297,017 (-4.2%) 0.00 123
    2022-01-01 $243,400 (16.3%) $303,000 (-3.4%) 0.00 82
    2022-02-01 $289,900 (41.4%) $343,997 (-3.0%) 0.00 73
    2022-03-01 $309,900 (28.9%) $349,703 (-5.8%) 0.00 76
    2022-04-01 $285,000 (14.5%) $350,999 (-3.3%) 0.00 104
    2022-05-01 $274,900 (1.7%) $332,614 (4.0%) 0.00 124
    2022-06-01 $277,450 (22.0%) $364,948 (15.9%) 0.00 134
    2022-07-01 $289,900 (20.4%) $369,087 (9.3%) 0.00 139
    2022-08-01 $301,200 (24.3%) $371,918 (33.4%) 0.00 128
    2022-09-01 $295,225 (28.2%) $368,526 (32.5%) 0.00 126
    2022-10-01 $289,788 (20.5%) $365,512 (29.6%) 0.00 127
    2022-11-01 $284,803 (24.2%) $374,356 (30.8%) 0.00 114
    2022-12-01 $314,900 (34.0%) $394,857 (32.7%) 0.00 90
    2023-01-01 $334,225 (23.7%) $388,067 (22.7%) 0.00 75
    2023-02-01 $345,675 (11.7%) $385,171 (10.0%) 0.00 78
    2023-03-01 $324,700 (0.0%) $379,416 (0.0%) 0.00 74
    2023-04-01 $299,900 (0.0%) $367,561 (0.0%) 0.00 90
    Beaver Dam's median listing price for 2023-04-01 was $299,900, a difference of $14,900 (0.0%) versus the prior year and $-24,800 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 2023-04-01 was $367,561, a difference of $16,562 (0.0%) versus the prior year and $-11,855 versus the prior month.

    For the 2023-04-01 period, Beaver Dam had 90 MLS listings, a difference of 16 listings (22%) versus the prior month and -14 listings (-13%) 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 1,609 sqft
    2018-02-01 0 days 1,619 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 1,726 sqft
    2018-08-01 0 days 1,739 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 1,681 sqft
    2019-03-01 0 days 1,668 sqft
    2019-04-01 0 days 1,674 sqft
    2019-05-01 0 days 1,729 sqft
    2019-06-01 0 days 1,800 sqft
    2019-07-01 0 days 1,736 sqft
    2019-08-01 0 days 1,740 sqft
    2019-09-01 0 days 1,755 sqft
    2019-10-01 0 days 1,717 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 1,735 sqft
    2020-03-01 0 days 1,723 sqft
    2020-04-01 0 days 1,684 sqft
    2020-05-01 0 days 1,781 sqft
    2020-06-01 0 days 1,721 sqft
    2020-07-01 0 days 1,808 sqft
    2020-08-01 0 days 1,830 sqft
    2020-09-01 0 days 1,879 sqft
    2020-10-01 0 days 1,904 sqft
    2020-11-01 0 days 1,812 sqft
    2020-12-01 0 days 1,714 sqft
    2021-01-01 0 days 1,677 sqft
    2021-02-01 0 days 1,746 sqft
    2021-03-01 0 days 1,779 sqft
    2021-04-01 0 days 1,792 sqft
    2021-05-01 0 days 1,783 sqft
    2021-06-01 0 days 1,723 sqft
    2021-07-01 0 days 1,781 sqft
    2021-08-01 0 days 1,729 sqft
    2021-09-01 0 days 1,724 sqft
    2021-10-01 0 days 1,699 sqft
    2021-11-01 0 days 1,716 sqft
    2021-12-01 0 days 1,747 sqft
    2022-01-01 0 days 1,636 sqft
    2022-02-01 0 days 1,693 sqft
    2022-03-01 0 days 1,620 sqft
    2022-04-01 0 days 1,720 sqft
    2022-05-01 0 days 1,671 sqft
    2022-06-01 0 days 1,711 sqft
    2022-07-01 0 days 1,792 sqft
    2022-08-01 0 days 1,819 sqft
    2022-09-01 0 days 1,780 sqft
    2022-10-01 0 days 1,693 sqft
    2022-11-01 0 days 1,682 sqft
    2022-12-01 0 days 1,696 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
    Beaver Dam's median listing age (time on market) for 2023-04-01 was 0 days.

    Beaver Dam's median square footage for active listings during the 2023-04-01 period was 1,672 sqft. One year prior, the average listing was 1,720 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.