Beaver Dam VA Loans

Beaver Dam, WI

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 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 59 lenders originated 233 VA loans during 2021. The total origination value was $49,215,000, with an average VA loan value of $211,223.

Beaver Dam VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Beaver Dam averaged 5.41% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.76% and one month ago for the week of 2022-07-01, the average rate was 5.89%.

The average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.1%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Beaver Dam level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 25 2.82% $5,082
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 3.07% $4,934
QUICKEN LOANS, LLC 15 2.57% $3,316
FREEDOM MORTGAGE CORPORATION 14 2.56% $2,956
LOANDEPOT.COM, LLC 7 2.75% $3,969
USAA Federal Savings Bank 7 2.82% $2,536
NEW DAY FINANCIAL, LLC 6 3.02% $4,712
Wells Fargo Bank 5 2.45% $3,565
Mr. Cooper ( Nationstar Mortgage ) 5 3.28% $2,210
UNITED WHOLESALE MORTGAGE, LLC 5 2.44% $3,222
NEWREZ LLC 5 2.67% $2,156
CALIBER HOME LOANS, INC. 4 2.41% $2,091
CLEARPATH LENDING 4 2.22% $5,654
Associated Bank 4 2.66% $2,824
INLANTA MORTGAGE, INC. 4 2.97% $2,178
PLANET HOME LENDING, LLC 3 2.42% $4,108
PENNYMAC LOAN SERVICES, LLC 3 2.46% $3,908
DAS Acquisition Company, LLC 3 2.63% $5,044
GUARANTEED RATE, INC. 3 2.92% $9,040
CMG MORTGAGE, INC. 3 3.08% $7,747
HOME POINT FINANCIAL CORPORATION 3 2.63% $3,937
BROKER SOLUTIONS, INC. 3 2.75% $5,291
AMERICAN FINANCIAL NETWORK, INC. 2 2.56% $11,051
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.25% $4,495
Carrington Mortgage Services, LLC 2 3.50% $10,005
LAKEVIEW LOAN SERVICING, LLC 2 2.75% $1,792
AMERISAVE MORTGAGE CORPORATION 2 2.31% $9,511
SUCCESS MORTGAGE PARTNERS, INC. 2 2.88% $2,601
The Federal Savings Bank 2 2.56% $5,727
Bank of England 2 3.81% $9,063
Prosperity Home Mortgage, LLC 2 2.75% $1,093
VILLAGE CAPITAL & INVESTMENT LLC 2 2.25% $4,033
GSF Mortgage Corporation 2 2.81% $2,042
WISCONSIN MORTGAGE CORPORATION 2 2.75% $2,649
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.50% $2,686
A + MORTGAGE SERVICES, INC. 1 2.75% $6,413
Bank First, N.A. 1 3.13% $4,430
Bank Five Nine 1 2.88% $2,092
Barrington Bank & Trust Company, N.A. 1 3.00% $1,719
CHERRY CREEK MORTGAGE, LLC 1 3.75% $0
Citizens Bank 1 2.75% $1,955
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.75% $9,228
ENVOY MORTGAGE, LTD 1 3.25% $1,688
First Federal Bank 1 2.75% $2,025
First Guaranty Mortgage Corporation 1 2.25% $3,088
Ixonia Bank 1 3.00% $9,099
Key Mortgage Services, Inc. 1 3.13% $4,077
Magnolia Bank 1 2.88% $6,940
MID AMERICA MORTGAGE, INC. 1 2.50% $1,697
ACADEMY MORTGAGE CORPORATION 1 3.25% $9,180
NAVY FEDERAL CREDIT UNION 1 2.88% $757
PLAZA HOME MORTGAGE, INC. 1 2.63% $1,220
S1L, Inc. 1 2.88% $3,931
STEARNS LENDING, LLC 1 3.25% $7,797
SUN WEST MORTGAGE COMPANY, INC. 1 2.50% $7,507
T2 FINANCIAL LLC 1 3.25% $2,120
TJC Mortgage, Inc. 1 2.25% $2,536
U.S. Bank 1 2.63% $12,501
Waterstone Mortgage Corporation 1 3.13% $2,723

The top Beaver Dam VA lender as defined by loan originations is Mortgage Research Center, LLC, with 25 VA loans originated. Their average total fees are $5,082, which is $148 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Beaver Dam VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,956), QUICKEN LOANS, LLC ($3,316), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,934), Mortgage Research Center, LLC ($5,082) and .

The lowest rate Beaver Dam VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (2.56%), QUICKEN LOANS, LLC (2.57%), Mortgage Research Center, LLC (2.82%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.07%) and .


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 $151,900 (2.5%) $227,519 (3.7%) 0.00 230
2018-02-01 $177,450 (18.4%) $245,419 (11.3%) 0.00 213
2018-03-01 $185,000 (19.8%) $251,342 (15.8%) 0.00 208
2018-04-01 $186,250 (6.5%) $262,237 (8.0%) 0.00 197
2018-05-01 $194,450 (11.4%) $298,903 (25.1%) 0.00 192
2018-06-01 $199,000 (19.6%) $293,231 (26.2%) 0.00 206
2018-07-01 $200,000 (17.7%) $306,793 (28.8%) 0.00 240
2018-08-01 $209,450 (25.9%) $308,266 (34.0%) 0.00 274
2018-09-01 $199,900 (31.1%) $280,110 (24.0%) 0.00 311
2018-10-01 $208,800 (40.2%) $280,124 (33.8%) 0.00 324
2018-11-01 $208,500 (34.6%) $288,340 (33.4%) 0.00 302
2018-12-01 $199,900 (25.0%) $282,202 (25.5%) 0.00 279
2019-01-01 $203,450 (33.9%) $281,992 (23.9%) 0.00 259
2019-02-01 $212,450 (19.7%) $289,793 (18.1%) 0.00 210
2019-03-01 $228,471 (23.5%) $290,578 (15.6%) 0.00 220
2019-04-01 $244,900 (31.5%) $320,809 (22.3%) 0.00 251
2019-05-01 $235,450 (21.1%) $310,840 (4.0%) 0.00 220
2019-06-01 $235,000 (18.1%) $303,598 (3.5%) 0.00 211
2019-07-01 $236,000 (18.0%) $303,684 (-1.0%) 0.00 220
2019-08-01 $231,814 (10.7%) $298,313 (-3.2%) 0.00 227
2019-09-01 $222,450 (11.3%) $284,277 (1.5%) 0.00 239
2019-10-01 $211,000 (1.1%) $277,809 (-0.8%) 0.00 258
2019-11-01 $200,000 (-4.1%) $270,669 (-6.1%) 0.00 247
2019-12-01 $208,000 (4.1%) $275,419 (-2.4%) 0.00 210
2020-01-01 $199,999 (-1.7%) $284,621 (0.9%) 0.00 188
2020-02-01 $199,999 (-5.9%) $290,683 (0.3%) 0.00 168
2020-03-01 $228,450 (0.0%) $316,414 (8.9%) 0.00 143
2020-04-01 $232,250 (-5.2%) $314,472 (-2.0%) 0.00 136
2020-05-01 $249,900 (6.1%) $335,817 (8.0%) 0.00 130
2020-06-01 $244,900 (4.2%) $331,245 (9.1%) 0.00 126
2020-07-01 $254,900 (8.0%) $332,784 (9.6%) 0.00 120
2020-08-01 $264,900 (14.3%) $347,906 (16.6%) 0.00 115
2020-09-01 $251,950 (13.3%) $348,970 (22.8%) 0.00 121
2020-10-01 $249,900 (18.4%) $346,567 (24.8%) 0.00 115
2020-11-01 $222,400 (11.2%) $338,756 (25.2%) 0.00 109
2020-12-01 $219,950 (5.8%) $340,861 (23.8%) 0.00 95
2021-01-01 $235,000 (17.5%) $346,789 (21.8%) 0.00 76
2021-02-01 $222,450 (11.2%) $383,607 (32.0%) 0.00 56
2021-03-01 $239,900 (5.0%) $400,152 (26.5%) 0.00 52
2021-04-01 $254,900 (9.8%) $393,693 (25.2%) 0.00 57
2021-05-01 $259,900 (4.0%) $361,551 (7.7%) 0.00 59
2021-06-01 $242,450 (-1.0%) $343,018 (3.6%) 0.00 65
2021-07-01 $263,750 (3.5%) $350,209 (5.2%) 0.00 75
2021-08-01 $244,900 (-7.6%) $284,114 (-18.3%) 0.00 102
2021-09-01 $242,400 (-3.8%) $277,705 (-20.4%) 0.00 115
2021-10-01 $239,999 (-4.0%) $275,955 (-20.4%) 0.00 119
2021-11-01 $242,500 (9.0%) $282,062 (-16.7%) 0.00 105
2021-12-01 $249,950 (13.6%) $287,451 (-15.7%) 0.00 91
2022-01-01 $249,900 (6.3%) $294,569 (-15.1%) 0.00 62
2022-02-01 $282,500 (27.0%) $330,092 (-14.0%) 0.00 42
2022-03-01 $290,000 (20.9%) $344,945 (-13.8%) 0.00 44
2022-04-01 $285,000 (11.8%) $339,332 (-13.8%) 0.00 55
2022-05-01 $279,900 (7.7%) $324,474 (-10.3%) 0.00 61
2022-06-01 $284,700 (17.4%) $379,707 (10.7%) 0.00 74
Beaver Dam's median listing price for 2022-06-01 was $284,700, a difference of $42,250 (17.4%) versus the prior year and $4,800 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 2022-06-01 was $379,707, a difference of $36,689 (10.7%) versus the prior year and $55,233 versus the prior month.

For the 2022-06-01 period, Beaver Dam had 74 MLS listings, a difference of 13 listings (21%) versus the prior month and 9 listings (14%) 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 1,592 sqft
2018-02-01 0 days 1,674 sqft
2018-03-01 0 days 1,776 sqft
2018-04-01 0 days 1,690 sqft
2018-05-01 0 days 1,694 sqft
2018-06-01 0 days 1,684 sqft
2018-07-01 0 days 1,691 sqft
2018-08-01 0 days 1,745 sqft
2018-09-01 0 days 1,680 sqft
2018-10-01 0 days 1,749 sqft
2018-11-01 0 days 1,746 sqft
2018-12-01 0 days 1,700 sqft
2019-01-01 0 days 1,662 sqft
2019-02-01 0 days 1,632 sqft
2019-03-01 0 days 1,648 sqft
2019-04-01 0 days 1,779 sqft
2019-05-01 0 days 1,790 sqft
2019-06-01 0 days 1,737 sqft
2019-07-01 0 days 1,711 sqft
2019-08-01 0 days 1,733 sqft
2019-09-01 0 days 1,755 sqft
2019-10-01 0 days 1,712 sqft
2019-11-01 0 days 1,712 sqft
2019-12-01 0 days 1,691 sqft
2020-01-01 0 days 1,645 sqft
2020-02-01 0 days 1,737 sqft
2020-03-01 0 days 1,730 sqft
2020-04-01 0 days 1,667 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,807 sqft
2020-07-01 0 days 1,819 sqft
2020-08-01 0 days 2,080 sqft
2020-09-01 0 days 1,962 sqft
2020-10-01 0 days 1,964 sqft
2020-11-01 0 days 1,822 sqft
2020-12-01 0 days 1,730 sqft
2021-01-01 0 days 1,721 sqft
2021-02-01 0 days 1,742 sqft
2021-03-01 0 days 1,803 sqft
2021-04-01 0 days 1,770 sqft
2021-05-01 0 days 1,900 sqft
2021-06-01 0 days 1,690 sqft
2021-07-01 0 days 1,799 sqft
2021-08-01 0 days 1,672 sqft
2021-09-01 0 days 1,689 sqft
2021-10-01 0 days 1,720 sqft
2021-11-01 0 days 1,751 sqft
2021-12-01 0 days 1,791 sqft
2022-01-01 0 days 1,644 sqft
2022-02-01 0 days 1,682 sqft
2022-03-01 0 days 1,593 sqft
2022-04-01 0 days 1,683 sqft
2022-05-01 0 days 1,628 sqft
2022-06-01 0 days 1,715 sqft
Beaver Dam's median listing age (time on market) for 2022-06-01 was 0 days.

Beaver Dam's median square footage for active listings during the 2022-06-01 period was 1,715 sqft. One year prior, the average listing was 1,690 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.