Beaver Dam VA Loan Rates, Closing Costs & Stats

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 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.