Bennington VA Loan Rates, Closing Costs & Stats

Bennington, VT

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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.

    Bennington's 9 lenders originated 21 VA loans during 2023. The total origination value was $6,765,000, with an average VA loan value of $322,143.

    Bennington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bennington averaged 0.04% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Bennington's average VA mortgage closing costs are $5,555.

    The average rate for the prior week (2024-11-08) was 6.25% and one month ago for the week of 2024-10-11, the average rate was 6.11%.

    The average rate one year ago was 7.4%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

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

    Bennington 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 Bennington level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.86% $5,154
    QUICKEN LOANS, LLC 3 6.25% $8,516
    LOANDEPOT.COM, LLC 2 4.99% $21,838
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $6,344
    RELIANCE FIRST CAPITAL, LLC 1 6.00% $6,497
    Adams Community Bank 1 6.13% $4,624
    The Federal Savings Bank 1 6.50% $17,092
    CARDINAL FINANCIAL 1 6.75% $8,331
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $18,992

    The top Bennington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $5,154, which is $3,361 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bennington VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,154), .

    The lowest rate Bennington VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.86%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bennington (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 $330,250 (7.6%) $468,924 (2.9%) 0.00 487
    2018-02-01 $335,000 (7.3%) $475,937 (3.2%) 0.00 469
    2018-03-01 $335,000 (5.7%) $467,470 (1.4%) 0.00 468
    2018-04-01 $327,000 (2.2%) $460,026 (-0.9%) 0.00 470
    2018-05-01 $321,375 (1.4%) $452,995 (-2.2%) 0.00 480
    2018-06-01 $328,800 (6.2%) $448,591 (-2.1%) 0.00 519
    2018-07-01 $332,350 (4.2%) $449,029 (-3.6%) 0.00 546
    2018-08-01 $329,750 (3.4%) $458,917 (-1.2%) 0.00 560
    2018-09-01 $334,900 (3.1%) $473,383 (2.5%) 0.00 546
    2018-10-01 $337,000 (0.6%) $476,226 (1.9%) 0.00 551
    2018-11-01 $329,000 (-0.6%) $467,665 (-0.8%) 0.00 524
    2018-12-01 $334,900 (1.6%) $479,946 (2.4%) 0.00 488
    2019-01-01 $341,950 (3.5%) $474,728 (1.2%) 0.00 456
    2019-02-01 $344,925 (3.0%) $468,532 (-1.6%) 0.00 452
    2019-03-01 $345,264 (3.1%) $479,964 (2.7%) 0.00 436
    2019-04-01 $341,975 (4.6%) $486,582 (5.8%) 0.00 424
    2019-05-01 $332,000 (3.3%) $467,493 (3.2%) 0.00 425
    2019-06-01 $329,900 (0.3%) $465,569 (3.8%) 0.00 435
    2019-07-01 $345,000 (3.8%) $483,805 (7.7%) 0.00 472
    2019-08-01 $346,336 (5.0%) $494,201 (7.7%) 0.00 460
    2019-09-01 $348,341 (4.0%) $500,484 (5.7%) 0.00 441
    2019-10-01 $349,677 (3.8%) $501,743 (5.4%) 0.00 427
    2019-11-01 $349,900 (6.4%) $500,664 (7.1%) 0.00 399
    2019-12-01 $349,675 (4.4%) $507,398 (5.7%) 0.00 388
    2020-01-01 $345,500 (1.0%) $497,531 (4.8%) 0.00 371
    2020-02-01 $339,000 (-1.7%) $495,739 (5.8%) 0.00 352
    2020-03-01 $348,125 (0.8%) $515,443 (7.4%) 0.00 340
    2020-04-01 $349,475 (2.2%) $530,920 (9.1%) 0.00 318
    2020-05-01 $349,000 (5.1%) $521,910 (11.6%) 0.00 309
    2020-06-01 $348,825 (5.7%) $524,817 (12.7%) 0.00 297
    2020-07-01 $349,450 (1.3%) $569,294 (17.7%) 0.00 288
    2020-08-01 $379,900 (9.7%) $606,470 (22.7%) 0.00 254
    2020-09-01 $398,775 (14.5%) $607,654 (21.4%) 0.00 225
    2020-10-01 $395,000 (13.0%) $622,991 (24.2%) 0.00 203
    2020-11-01 $423,250 (21.0%) $695,596 (38.9%) 0.00 167
    2020-12-01 $439,500 (25.7%) $716,684 (41.3%) 0.00 158
    2021-01-01 $404,000 (16.9%) $704,212 (41.5%) 0.00 144
    2021-02-01 $362,450 (6.9%) $674,224 (36.0%) 0.00 129
    2021-03-01 $387,500 (11.3%) $707,467 (37.3%) 0.00 111
    2021-04-01 $424,000 (21.3%) $737,061 (38.8%) 0.00 106
    2021-05-01 $492,000 (41.0%) $750,453 (43.8%) 0.00 111
    2021-06-01 $477,000 (36.7%) $751,521 (43.2%) 0.00 128
    2021-07-01 $434,000 (24.2%) $734,674 (29.1%) 0.00 135
    2021-08-01 $434,750 (14.4%) $724,792 (19.5%) 0.00 131
    2021-09-01 $437,500 (9.7%) $701,754 (15.5%) 0.00 134
    2021-10-01 $449,900 (13.9%) $720,247 (15.6%) 0.00 108
    2021-11-01 $449,000 (6.1%) $675,807 (-2.8%) 0.00 89
    2021-12-01 $428,750 (-2.5%) $676,423 (-5.6%) 0.00 77
    2022-01-01 $425,000 (5.2%) $708,442 (0.6%) 0.00 59
    2022-02-01 $449,950 (24.1%) $717,520 (6.4%) 0.00 55
    2022-03-01 $437,425 (12.9%) $696,894 (-1.5%) 0.00 55
    2022-04-01 $450,000 (6.1%) $757,228 (2.7%) 0.00 57
    2022-05-01 $462,000 (-6.1%) $818,981 (9.1%) 0.00 73
    2022-06-01 $467,000 (-2.1%) $844,626 (12.4%) 0.00 102
    2022-07-01 $499,000 (15.0%) $843,383 (14.8%) 0.00 121
    2022-08-01 $549,500 (26.4%) $895,507 (23.6%) 0.00 109
    2022-09-01 $550,000 (25.7%) $941,175 (34.1%) 0.00 100
    2022-10-01 $507,000 (12.7%) $859,487 (19.3%) 0.00 98
    2022-11-01 $476,000 (6.0%) $833,164 (23.3%) 0.00 85
    2022-12-01 $479,000 (11.7%) $817,594 (20.9%) 0.00 77
    2023-01-01 $491,000 (15.5%) $839,126 (18.5%) 0.00 73
    2023-02-01 $566,000 (25.8%) $886,082 (23.5%) 0.00 63
    2023-03-01 $477,000 (9.1%) $831,966 (19.4%) 0.00 58
    2023-04-01 $464,000 (3.1%) $850,183 (12.3%) 0.00 54
    2023-05-01 $570,000 (23.4%) $906,117 (10.6%) 0.00 58
    2023-06-01 $609,125 (30.4%) $995,876 (17.9%) 0.00 62
    2023-07-01 $569,000 (14.0%) $870,825 (3.3%) 0.00 72
    2023-08-01 $571,750 (4.1%) $906,093 (1.2%) 0.00 72
    2023-09-01 $575,000 (4.6%) $865,680 (-8.0%) 0.00 89
    2023-10-01 $579,450 (14.3%) $949,311 (10.5%) 0.00 96
    2023-11-01 $550,000 (15.6%) $1,011,265 (21.4%) 0.00 90
    2023-12-01 $612,000 (27.8%) $1,064,126 (30.2%) 0.00 84
    2024-01-01 $699,000 (42.4%) $1,099,900 (31.1%) 0.00 80
    2024-02-01 $705,500 (24.7%) $1,101,987 (24.4%) 0.00 78
    2024-03-01 $725,000 (52.0%) $1,051,957 (26.4%) 0.00 68
    2024-04-01 $681,000 (46.8%) $927,370 (9.1%) 0.00 67
    2024-05-01 $693,000 (21.6%) $972,792 (7.4%) 0.00 78
    2024-06-01 $635,000 (4.3%) $954,538 (-4.2%) 0.00 108
    2024-07-01 $616,250 (8.3%) $958,468 (10.1%) 0.00 123
    2024-08-01 $585,000 (2.3%) $932,507 (2.9%) 0.00 141
    2024-09-01 $590,000 (2.6%) $984,743 (13.8%) 0.00 155
    2024-10-01 $583,725 (0.7%) $938,449 (-1.1%) 0.00 161
    Bennington's median listing price for 2024-10-01 was $583,725, a difference of $4,275 (0.7%) versus the prior year and $-6,275 versus the prior month.

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

    Bennington's average listing price for 2024-10-01 was $938,449, a difference of $-10,862 (-1.1%) versus the prior year and $-46,294 versus the prior month.

    For the 2024-10-01 period, Bennington had 161 MLS listings, a difference of 6 listings (4%) versus the prior month and 65 listings (68%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bennington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,330 sqft
    2018-02-01 0 days 2,337 sqft
    2018-03-01 0 days 2,335 sqft
    2018-04-01 0 days 2,305 sqft
    2018-05-01 0 days 2,318 sqft
    2018-06-01 0 days 2,342 sqft
    2018-07-01 0 days 2,392 sqft
    2018-08-01 0 days 2,414 sqft
    2018-09-01 0 days 2,424 sqft
    2018-10-01 0 days 2,449 sqft
    2018-11-01 0 days 2,422 sqft
    2018-12-01 0 days 2,490 sqft
    2019-01-01 0 days 2,491 sqft
    2019-02-01 0 days 2,466 sqft
    2019-03-01 0 days 2,474 sqft
    2019-04-01 0 days 2,480 sqft
    2019-05-01 0 days 2,412 sqft
    2019-06-01 0 days 2,400 sqft
    2019-07-01 0 days 2,451 sqft
    2019-08-01 0 days 2,436 sqft
    2019-09-01 0 days 2,444 sqft
    2019-10-01 0 days 2,440 sqft
    2019-11-01 0 days 2,419 sqft
    2019-12-01 0 days 2,404 sqft
    2020-01-01 0 days 2,375 sqft
    2020-02-01 0 days 2,396 sqft
    2020-03-01 0 days 2,476 sqft
    2020-04-01 0 days 2,476 sqft
    2020-05-01 0 days 2,436 sqft
    2020-06-01 0 days 2,446 sqft
    2020-07-01 0 days 2,456 sqft
    2020-08-01 0 days 2,553 sqft
    2020-09-01 0 days 2,460 sqft
    2020-10-01 0 days 2,388 sqft
    2020-11-01 0 days 2,650 sqft
    2020-12-01 0 days 2,597 sqft
    2021-01-01 0 days 2,517 sqft
    2021-02-01 0 days 2,327 sqft
    2021-03-01 0 days 2,393 sqft
    2021-04-01 0 days 2,400 sqft
    2021-05-01 0 days 2,529 sqft
    2021-06-01 0 days 2,484 sqft
    2021-07-01 0 days 2,395 sqft
    2021-08-01 0 days 2,342 sqft
    2021-09-01 0 days 2,344 sqft
    2021-10-01 0 days 2,360 sqft
    2021-11-01 0 days 2,208 sqft
    2021-12-01 0 days 2,167 sqft
    2022-01-01 0 days 2,322 sqft
    2022-02-01 0 days 2,305 sqft
    2022-03-01 0 days 1,930 sqft
    2022-04-01 0 days 2,012 sqft
    2022-05-01 0 days 2,207 sqft
    2022-06-01 0 days 2,283 sqft
    2022-07-01 0 days 2,476 sqft
    2022-08-01 0 days 2,582 sqft
    2022-09-01 0 days 2,584 sqft
    2022-10-01 0 days 2,543 sqft
    2022-11-01 0 days 2,359 sqft
    2022-12-01 0 days 2,350 sqft
    2023-01-01 0 days 2,441 sqft
    2023-02-01 0 days 2,665 sqft
    2023-03-01 0 days 2,502 sqft
    2023-04-01 0 days 2,496 sqft
    2023-05-01 0 days 2,771 sqft
    2023-06-01 0 days 2,910 sqft
    2023-07-01 0 days 2,920 sqft
    2023-08-01 0 days 2,948 sqft
    2023-09-01 0 days 2,588 sqft
    2023-10-01 0 days 2,689 sqft
    2023-11-01 0 days 2,660 sqft
    2023-12-01 0 days 2,701 sqft
    2024-01-01 0 days 2,726 sqft
    2024-02-01 0 days 2,730 sqft
    2024-03-01 0 days 2,774 sqft
    2024-04-01 0 days 2,462 sqft
    2024-05-01 0 days 2,598 sqft
    2024-06-01 0 days 2,272 sqft
    2024-07-01 0 days 2,320 sqft
    2024-08-01 0 days 2,399 sqft
    2024-09-01 0 days 2,317 sqft
    2024-10-01 0 days 2,319 sqft
    Bennington's median listing age (time on market) for 2024-10-01 was 0 days.

    Bennington's median square footage for active listings during the 2024-10-01 period was 2,319 sqft. One year prior, the average listing was 2,689 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.