Berlin VA Loan Rates, Closing Costs & Stats

Berlin, NH

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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.

    Berlin's 22 lenders originated 52 VA loans during 2023. The total origination value was $12,290,000, with an average VA loan value of $236,346.

    Berlin VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Berlin averaged 7.27% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Berlin's average VA mortgage closing costs are $4,375.

    The average rate for the prior week (2024-04-12) was 7.1% and one month ago for the week of 2024-03-15, the average rate was 6.76%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Berlin 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 Berlin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 7.08% $5,554
    NEW DAY FINANCIAL, LLC 5 7.40% $10,566
    UNITED WHOLESALE MORTGAGE, LLC 3 5.55% $7,452
    GUILD MORTGAGE COMPANY 3 6.54% $12,081
    PENNYMAC LOAN SERVICES, LLC 3 5.71% $7,495
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.13% $938
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.19% $3,419
    NBKC BANK 1 6.00% $7,045
    NEWREZ LLC 1 6.63% $4,462
    PENTAGON FEDERAL CREDIT UNION 1 5.38% $12,572
    QUICKEN LOANS, LLC 1 6.75% $7,111
    Union Bank 1 6.38% $6,284
    VILLAGE CAPITAL MORTGAGE 1 5.13% $9,880
    Waterstone Mortgage Corporation 1 6.50% $9,105
    Citizens Bank 1 7.13% $4,967
    Wells Fargo Bank 1 6.13% $1,712
    CMG MORTGAGE, INC. 1 6.75% $4,879
    EMM LOANS LLC 1 6.13% $4,260
    Ixonia Bank 1 7.25% $2,310
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $17,591
    Nations Lending Corporation 1 7.25% $12,510
    NAVY FEDERAL CREDIT UNION 1 6.25% $2,509

    The top Berlin VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $5,554, which is $5,012 lower than the next largest lender, NEW DAY FINANCIAL, LLC.

    The lowest fee Berlin VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,554), .

    The lowest rate Berlin VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.08%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Berlin (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 $117,225 (-9.4%) $180,181 (5.3%) 0.00 347
    2018-02-01 $117,225 (-9.1%) $180,286 (7.3%) 0.00 334
    2018-03-01 $119,900 (-7.4%) $183,294 (5.8%) 0.00 323
    2018-04-01 $119,450 (-7.7%) $181,774 (4.0%) 0.00 317
    2018-05-01 $124,950 (-3.8%) $186,173 (6.8%) 0.00 321
    2018-06-01 $134,900 (1.9%) $190,044 (5.2%) 0.00 345
    2018-07-01 $139,900 (4.3%) $195,383 (6.3%) 0.00 366
    2018-08-01 $140,625 (8.8%) $188,087 (4.6%) 0.00 382
    2018-09-01 $139,900 (3.3%) $191,476 (-0.5%) 0.00 366
    2018-10-01 $139,450 (4.0%) $220,588 (13.8%) 0.00 356
    2018-11-01 $139,250 (11.4%) $221,447 (22.3%) 0.00 339
    2018-12-01 $143,250 (19.5%) $225,747 (26.5%) 0.00 315
    2019-01-01 $144,950 (23.7%) $232,256 (28.9%) 0.00 296
    2019-02-01 $149,900 (27.9%) $236,501 (31.2%) 0.00 272
    2019-03-01 $149,900 (25.0%) $228,706 (24.8%) 0.00 273
    2019-04-01 $149,900 (25.5%) $230,818 (27.0%) 0.00 273
    2019-05-01 $152,450 (22.0%) $233,606 (25.5%) 0.00 287
    2019-06-01 $150,000 (11.2%) $227,175 (19.5%) 0.00 333
    2019-07-01 $149,900 (7.2%) $232,361 (18.9%) 0.00 340
    2019-08-01 $149,655 (6.4%) $237,840 (26.5%) 0.00 343
    2019-09-01 $149,286 (6.7%) $237,252 (23.9%) 0.00 352
    2019-10-01 $149,178 (7.0%) $238,368 (8.1%) 0.00 347
    2019-11-01 $149,900 (7.7%) $251,174 (13.4%) 0.00 313
    2019-12-01 $145,625 (1.7%) $248,888 (10.3%) 0.00 289
    2020-01-01 $147,000 (1.4%) $252,551 (8.7%) 0.00 274
    2020-02-01 $152,500 (1.7%) $262,318 (10.9%) 0.00 257
    2020-03-01 $159,900 (6.7%) $269,012 (17.6%) 0.00 242
    2020-04-01 $154,425 (3.0%) $264,602 (14.6%) 0.00 234
    2020-05-01 $159,900 (4.9%) $259,690 (11.2%) 0.00 236
    2020-06-01 $151,175 (0.8%) $259,380 (14.2%) 0.00 229
    2020-07-01 $152,450 (1.7%) $261,022 (12.3%) 0.00 208
    2020-08-01 $159,900 (6.9%) $275,367 (15.8%) 0.00 179
    2020-09-01 $159,823 (7.1%) $268,734 (13.3%) 0.00 175
    2020-10-01 $159,000 (6.6%) $261,804 (9.8%) 0.00 166
    2020-11-01 $152,424 (1.7%) $220,191 (-12.3%) 0.00 146
    2020-12-01 $152,400 (4.7%) $231,846 (-6.9%) 0.00 123
    2021-01-01 $159,950 (8.8%) $241,722 (-4.3%) 0.00 102
    2021-02-01 $172,000 (12.8%) $248,529 (-5.3%) 0.00 87
    2021-03-01 $199,450 (24.7%) $263,715 (-2.0%) 0.00 74
    2021-04-01 $187,725 (21.6%) $257,024 (-2.9%) 0.00 80
    2021-05-01 $199,000 (24.5%) $256,614 (-1.2%) 0.00 92
    2021-06-01 $249,450 (65.0%) $282,465 (8.9%) 0.00 121
    2021-07-01 $232,000 (52.2%) $275,822 (5.7%) 0.00 124
    2021-08-01 $228,450 (42.9%) $268,439 (-2.5%) 0.00 129
    2021-09-01 $229,950 (43.9%) $275,779 (2.6%) 0.00 116
    2021-10-01 $219,800 (38.2%) $271,541 (3.7%) 0.00 87
    2021-11-01 $189,500 (24.3%) $261,548 (18.8%) 0.00 79
    2021-12-01 $196,725 (29.1%) $254,692 (9.9%) 0.00 68
    2022-01-01 $169,000 (5.7%) $254,331 (5.2%) 0.00 60
    2022-02-01 $175,500 (2.0%) $285,370 (14.8%) 0.00 57
    2022-03-01 $194,450 (-2.5%) $299,053 (13.4%) 0.00 66
    2022-04-01 $223,000 (18.8%) $301,709 (17.4%) 0.00 65
    2022-05-01 $274,000 (37.7%) $333,303 (29.9%) 0.00 84
    2022-06-01 $279,675 (12.1%) $346,186 (22.6%) 0.00 107
    2022-07-01 $275,000 (18.5%) $324,785 (17.8%) 0.00 122
    2022-08-01 $261,000 (14.3%) $304,685 (13.5%) 0.00 134
    2022-09-01 $249,900 (8.7%) $304,388 (10.4%) 0.00 125
    2022-10-01 $252,950 (15.1%) $290,492 (7.0%) 0.00 120
    2022-11-01 $267,450 (41.1%) $296,777 (13.5%) 0.00 116
    2022-12-01 $239,950 (22.0%) $270,259 (6.1%) 0.00 106
    2023-01-01 $259,500 (53.6%) $278,575 (9.5%) 0.00 77
    2023-02-01 $259,500 (47.9%) $285,378 (0.0%) 0.00 69
    2023-03-01 $274,900 (41.4%) $295,935 (-1.0%) 0.00 72
    2023-04-01 $249,991 (12.1%) $298,471 (-1.1%) 0.00 72
    2023-05-01 $261,975 (-4.4%) $327,219 (-1.8%) 0.00 80
    2023-06-01 $265,000 (-5.3%) $324,381 (-6.3%) 0.00 104
    2023-07-01 $274,950 (0.0%) $337,073 (3.8%) 0.00 107
    2023-08-01 $289,900 (11.1%) $348,230 (14.3%) 0.00 111
    2023-09-01 $311,250 (24.6%) $361,945 (18.9%) 0.00 115
    2023-10-01 $287,000 (13.5%) $361,295 (24.4%) 0.00 121
    2023-11-01 $327,475 (22.4%) $383,017 (29.1%) 0.00 121
    2023-12-01 $325,000 (35.4%) $377,819 (39.8%) 0.00 111
    2024-01-01 $327,425 (26.2%) $390,121 (40.0%) 0.00 101
    2024-02-01 $324,975 (25.2%) $398,478 (39.6%) 0.00 95
    2024-03-01 $327,450 (19.1%) $396,671 (34.0%) 0.00 88
    Berlin's median listing price for 2024-03-01 was $327,450, a difference of $52,550 (19.1%) versus the prior year and $2,475 versus the prior month.

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

    Berlin's average listing price for 2024-03-01 was $396,671, a difference of $100,736 (34.0%) versus the prior year and $-1,807 versus the prior month.

    For the 2024-03-01 period, Berlin had 88 MLS listings, a difference of -7 listings (-7%) versus the prior month and 16 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Berlin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,525 sqft
    2018-02-01 0 days 1,514 sqft
    2018-03-01 0 days 1,569 sqft
    2018-04-01 0 days 1,571 sqft
    2018-05-01 0 days 1,584 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,634 sqft
    2018-08-01 0 days 1,606 sqft
    2018-09-01 0 days 1,600 sqft
    2018-10-01 0 days 1,619 sqft
    2018-11-01 0 days 1,646 sqft
    2018-12-01 0 days 1,621 sqft
    2019-01-01 0 days 1,722 sqft
    2019-02-01 0 days 1,753 sqft
    2019-03-01 0 days 1,723 sqft
    2019-04-01 0 days 1,725 sqft
    2019-05-01 0 days 1,669 sqft
    2019-06-01 0 days 1,664 sqft
    2019-07-01 0 days 1,682 sqft
    2019-08-01 0 days 1,690 sqft
    2019-09-01 0 days 1,698 sqft
    2019-10-01 0 days 1,712 sqft
    2019-11-01 0 days 1,701 sqft
    2019-12-01 0 days 1,740 sqft
    2020-01-01 0 days 1,749 sqft
    2020-02-01 0 days 1,792 sqft
    2020-03-01 0 days 1,786 sqft
    2020-04-01 0 days 1,755 sqft
    2020-05-01 0 days 1,679 sqft
    2020-06-01 0 days 1,631 sqft
    2020-07-01 0 days 1,657 sqft
    2020-08-01 0 days 1,678 sqft
    2020-09-01 0 days 1,662 sqft
    2020-10-01 0 days 1,648 sqft
    2020-11-01 0 days 1,669 sqft
    2020-12-01 0 days 1,698 sqft
    2021-01-01 0 days 1,665 sqft
    2021-02-01 0 days 1,775 sqft
    2021-03-01 0 days 1,857 sqft
    2021-04-01 0 days 1,746 sqft
    2021-05-01 0 days 1,672 sqft
    2021-06-01 0 days 1,716 sqft
    2021-07-01 0 days 1,670 sqft
    2021-08-01 0 days 1,576 sqft
    2021-09-01 0 days 1,530 sqft
    2021-10-01 0 days 1,548 sqft
    2021-11-01 0 days 1,512 sqft
    2021-12-01 0 days 1,545 sqft
    2022-01-01 0 days 1,554 sqft
    2022-02-01 0 days 1,680 sqft
    2022-03-01 0 days 1,658 sqft
    2022-04-01 0 days 1,536 sqft
    2022-05-01 0 days 1,631 sqft
    2022-06-01 0 days 1,555 sqft
    2022-07-01 0 days 1,563 sqft
    2022-08-01 0 days 1,569 sqft
    2022-09-01 0 days 1,567 sqft
    2022-10-01 0 days 1,568 sqft
    2022-11-01 0 days 1,599 sqft
    2022-12-01 0 days 1,506 sqft
    2023-01-01 0 days 1,490 sqft
    2023-02-01 0 days 1,502 sqft
    2023-03-01 0 days 1,607 sqft
    2023-04-01 0 days 1,606 sqft
    2023-05-01 0 days 1,637 sqft
    2023-06-01 0 days 1,672 sqft
    2023-07-01 0 days 1,669 sqft
    2023-08-01 0 days 1,739 sqft
    2023-09-01 0 days 1,636 sqft
    2023-10-01 0 days 1,687 sqft
    2023-11-01 0 days 1,738 sqft
    2023-12-01 0 days 1,720 sqft
    2024-01-01 0 days 1,782 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,695 sqft
    Berlin's median listing age (time on market) for 2024-03-01 was 0 days.

    Berlin's median square footage for active listings during the 2024-03-01 period was 1,695 sqft. One year prior, the average listing was 1,607 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.