Beaver Dam VA Loan Rates, Closing Costs & Stats

Beaver Dam, WI

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    • 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 37 lenders originated 118 VA loans during 2024. The total origination value was $34,170,000, with an average VA loan value of $289,576.

    Beaver Dam VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Beaver Dam averaged 0.46% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Beaver Dam's average VA mortgage closing costs are $5,380.

    The average rate for the prior week (2025-06-13) was 7.01% and one month ago for the week of 2025-05-16, the average rate was 6.67%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.24%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 31 6.19% $5,750
    QUICKEN LOANS, LLC 9 5.94% $7,430
    FREEDOM MORTGAGE CORPORATION 8 6.16% $9,446
    UNITED WHOLESALE MORTGAGE, LLC 7 5.62% $7,274
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.13% $9,388
    GUARANTEED RATE, INC. 4 6.24% $10,964
    PLANET HOME LENDING, LLC 4 5.88% $5,076
    MOVEMENT MORTGAGE, LLC 4 6.53% $4,918
    USAA Federal Savings Bank 3 6.50% $3,128
    NEW DAY FINANCIAL, LLC 3 7.74% $15,728
    Ixonia Bank 3 6.75% $9,788
    NEWREZ LLC 3 6.58% $5,927
    PENNYMAC LOAN SERVICES, LLC 3 5.58% $4,050
    WISCONSIN MORTGAGE CORPORATION 2 6.63% $1,322
    Prosperity Home Mortgage, LLC 2 6.00% $4,646
    LAKEVIEW LOAN SERVICING, LLC 2 5.75% $2,762
    The Federal Savings Bank 2 6.00% $12,158
    CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $9,218
    Wells Fargo Bank 1 6.38% $4,430
    Magnolia Bank 1 5.38% $15,205
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $10,685
    A + MORTGAGE SERVICES, INC. 1 6.13% $9,649
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.99% $6,826
    Bank of England 1 7.00% $6,358
    Barrington Bank & Trust Company, N.A. 1 7.25% $6,502
    Carrington Mortgage Services, LLC 1 6.75% $8,914
    DAS Acquisition Company, LLC 1 7.63% $2,997
    ENVOY MORTGAGE, LTD 1 6.13% $575
    GoPrime Mortgage, Inc. 1 6.25% $4,906
    GUILD MORTGAGE COMPANY 1 6.63% $28,456
    LOANDEPOT.COM, LLC 1 7.50% $20,457
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $4,046
    Mid-Continent Funding, Inc. 1 5.50% $14,501
    Nations Lending Corporation 1 6.75% $10,176
    NAVY FEDERAL CREDIT UNION 1 6.38% $6,440
    S1L, Inc. 1 6.75% $3,277
    U.S. Bank 1 6.75% $3,363

    The top Beaver Dam VA lender as defined by loan originations is Mortgage Research Center, LLC, with 31 VA loans originated. Their average total fees are $5,750, which is $1,680 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 ($5,750), .

    The lowest rate Beaver Dam VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.19%), .

    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.