Binghamton VA Loan Rates, Closing Costs & Stats
BINGHAMTON, NY
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.
Binghamton's 23 lenders originated 107 VA loans during 2023. The total origination value was $22,245,000, with an average VA loan value of $207,897.
Binghamton VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Binghamton
averaged
6.57%
for the week of 2025-02-14, compared to the national average (all VA variants) of
6.428% for the same period.
Binghamton's average VA mortgage closing costs are $4,833.
The average rate for the prior week (2025-02-07) was
6.7% and
one month ago for the week of 2025-01-10, the
average rate was 6.54%.
The average rate one year ago was 6.36%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.11%.
Binghamton 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 Binghamton level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 22 | 6.58% | $5,639 |
| QUICKEN LOANS, LLC | 17 | 6.67% | $6,631 |
| HOMESTEAD FUNDING CORP. | 14 | 6.80% | $4,575 |
| NAVY FEDERAL CREDIT UNION | 7 | 5.61% | $3,439 |
| USAA Federal Savings Bank | 6 | 6.96% | $5,111 |
| 1ST PRIORITY MORTGAGE, INC. | 6 | 6.33% | $7,139 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.25% | $13,009 |
| M&T Bank | 2 | 6.31% | $5,523 |
| Wells Fargo Bank | 2 | 7.06% | $6,371 |
| AMERICAN FINANCIAL NETWORK, INC. | 2 | 7.31% | $426 |
| Barrington Bank & Trust Company, N.A. | 2 | 6.50% | $4,351 |
| Citizens Bank | 2 | 7.00% | $6,463 |
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 6.50% | $6,722 |
| FREEDOM MORTGAGE CORPORATION | 2 | 6.75% | $12,607 |
| PLAZA HOME MORTGAGE, INC. | 2 | 6.50% | $12,132 |
| Premium Mortgage Corporation | 2 | 6.88% | $10,043 |
| SEFCU SERVICES, LLC | 2 | 6.44% | $7,887 |
| CARDINAL FINANCIAL | 1 | 6.13% | $9,210 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 7.25% | $8,968 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 1 | 6.75% | $9,943 |
| NEWREZ LLC | 1 | 6.99% | $2,901 |
| PARAGON HOME LOANS INC. | 1 | 6.25% | $7,783 |
| The Federal Savings Bank | 1 | 6.88% | $17,614 |
The top Binghamton VA lender as defined by loan originations is Mortgage Research Center, LLC, with
22 VA loans originated. Their average total fees are
$5,639, which is $992
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Binghamton VA lenders (with over 10 loans originated) are
HOMESTEAD FUNDING CORP. ($4,575), Mortgage Research Center, LLC ($5,639), QUICKEN LOANS, LLC ($6,631), .
The lowest rate Binghamton VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.58%), QUICKEN LOANS, LLC (6.67%), HOMESTEAD FUNDING CORP. (6.80%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Binghamton (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 | $119,925 (4.3%) | $150,928 (5.9%) | 0.44 | 886 |
| 2018-02-01 | $120,000 (3.5%) | $152,506 (5.8%) | 0.44 | 851 |
| 2018-03-01 | $120,000 (3.1%) | $157,511 (6.3%) | 0.42 | 819 |
| 2018-04-01 | $124,900 (2.0%) | $157,203 (3.8%) | 0.42 | 804 |
| 2018-05-01 | $129,725 (3.2%) | $166,797 (6.2%) | 0.43 | 841 |
| 2018-06-01 | $134,900 (7.1%) | $170,274 (8.0%) | 0.45 | 936 |
| 2018-07-01 | $136,125 (6.4%) | $170,304 (8.3%) | 0.45 | 1,017 |
| 2018-08-01 | $131,850 (3.1%) | $165,245 (6.5%) | 0.44 | 1,052 |
| 2018-09-01 | $129,900 (3.9%) | $162,505 (5.6%) | 0.44 | 1,020 |
| 2018-10-01 | $127,750 (2.2%) | $160,181 (3.8%) | 0.43 | 1,003 |
| 2018-11-01 | $124,900 (0.0%) | $158,417 (2.5%) | 0.42 | 967 |
| 2018-12-01 | $124,900 (0.0%) | $160,215 (4.7%) | 0.43 | 871 |
| 2019-01-01 | $123,800 (3.2%) | $160,014 (6.0%) | 0.43 | 800 |
| 2019-02-01 | $124,925 (4.1%) | $160,215 (5.1%) | 0.42 | 739 |
| 2019-03-01 | $126,229 (5.2%) | $161,094 (2.3%) | 0.41 | 768 |
| 2019-04-01 | $128,500 (2.9%) | $163,761 (4.2%) | 0.41 | 793 |
| 2019-05-01 | $133,325 (2.8%) | $169,827 (1.8%) | 0.42 | 865 |
| 2019-06-01 | $139,900 (3.7%) | $175,321 (3.0%) | 0.44 | 961 |
| 2019-07-01 | $139,900 (2.8%) | $175,027 (2.8%) | 0.44 | 993 |
| 2019-08-01 | $139,655 (5.9%) | $173,155 (4.8%) | 0.44 | 1,013 |
| 2019-09-01 | $139,286 (7.2%) | $173,364 (6.7%) | 0.45 | 1,013 |
| 2019-10-01 | $139,000 (8.8%) | $173,468 (8.3%) | 0.45 | 1,013 |
| 2019-11-01 | $134,900 (8.0%) | $169,805 (7.2%) | 0.44 | 947 |
| 2019-12-01 | $130,975 (4.9%) | $167,619 (4.6%) | 0.44 | 855 |
| 2020-01-01 | $129,900 (4.9%) | $167,581 (4.7%) | 0.43 | 759 |
| 2020-02-01 | $134,900 (8.0%) | $171,708 (7.2%) | 0.44 | 723 |
| 2020-03-01 | $139,675 (10.7%) | $178,085 (10.6%) | 0.44 | 703 |
| 2020-04-01 | $138,850 (8.1%) | $177,486 (8.4%) | 0.43 | 617 |
| 2020-05-01 | $145,000 (8.8%) | $188,445 (11.0%) | 0.44 | 584 |
| 2020-06-01 | $156,925 (12.2%) | $201,326 (14.8%) | 0.46 | 584 |
| 2020-07-01 | $161,750 (15.6%) | $203,858 (16.5%) | 0.47 | 545 |
| 2020-08-01 | $159,900 (14.5%) | $210,041 (21.3%) | 0.46 | 547 |
| 2020-09-01 | $159,000 (14.2%) | $211,689 (22.1%) | 0.46 | 548 |
| 2020-10-01 | $153,250 (10.3%) | $210,007 (21.1%) | 0.44 | 550 |
| 2020-11-01 | $149,575 (10.9%) | $219,990 (29.6%) | 0.44 | 513 |
| 2020-12-01 | $149,000 (13.8%) | $219,961 (31.2%) | 0.44 | 453 |
| 2021-01-01 | $139,900 (7.7%) | $224,159 (33.8%) | 0.42 | 397 |
| 2021-02-01 | $141,150 (4.6%) | $245,161 (42.8%) | 0.41 | 325 |
| 2021-03-01 | $154,450 (10.6%) | $260,128 (46.1%) | 0.44 | 299 |
| 2021-04-01 | $172,400 (24.2%) | $272,082 (53.3%) | 0.47 | 275 |
| 2021-05-01 | $189,900 (31.0%) | $251,328 (33.4%) | 0.50 | 300 |
| 2021-06-01 | $188,900 (20.4%) | $247,805 (23.1%) | 0.50 | 346 |
| 2021-07-01 | $185,950 (15.0%) | $249,729 (22.5%) | 0.49 | 383 |
| 2021-08-01 | $181,850 (13.7%) | $251,540 (19.8%) | 0.49 | 412 |
| 2021-09-01 | $166,750 (4.9%) | $246,447 (16.4%) | 0.44 | 423 |
| 2021-10-01 | $159,000 (3.8%) | $239,422 (14.0%) | 0.42 | 431 |
| 2021-11-01 | $157,875 (5.6%) | $240,070 (9.1%) | 0.42 | 407 |
| 2021-12-01 | $155,200 (4.2%) | $234,119 (6.4%) | 0.42 | 369 |
| 2022-01-01 | $154,900 (10.7%) | $237,635 (6.0%) | 0.42 | 306 |
| 2022-02-01 | $163,450 (15.8%) | $251,103 (2.4%) | 0.43 | 252 |
| 2022-03-01 | $165,000 (6.8%) | $260,260 (0.1%) | 0.41 | 261 |
| 2022-04-01 | $173,700 (0.8%) | $268,651 (-1.3%) | 0.41 | 259 |
| 2022-05-01 | $197,750 (4.1%) | $276,456 (10.0%) | 0.45 | 280 |
| 2022-06-01 | $187,450 (-0.8%) | $261,327 (5.5%) | 0.42 | 324 |
| 2022-07-01 | $190,000 (2.2%) | $262,011 (4.9%) | 0.43 | 375 |
| 2022-08-01 | $185,450 (2.0%) | $256,256 (1.9%) | 0.43 | 382 |
| 2022-09-01 | $192,425 (15.4%) | $259,932 (5.5%) | 0.45 | 372 |
| 2022-10-01 | $210,000 (32.1%) | $263,548 (10.1%) | 0.49 | 366 |
| 2022-11-01 | $204,500 (29.5%) | $269,053 (12.1%) | 0.49 | 360 |
| 2022-12-01 | $199,900 (28.8%) | $268,989 (14.9%) | 0.49 | 336 |
| 2023-01-01 | $177,000 (14.3%) | $257,154 (8.2%) | 0.44 | 292 |
| 2023-02-01 | $184,450 (12.9%) | $265,557 (5.8%) | 0.45 | 266 |
| 2023-03-01 | $186,875 (13.3%) | $272,817 (4.8%) | 0.44 | 241 |
| 2023-04-01 | $209,450 (20.6%) | $292,762 (9.0%) | 0.49 | 219 |
| 2023-05-01 | $192,000 (-2.9%) | $287,550 (4.0%) | 0.44 | 225 |
| 2023-06-01 | $201,175 (7.3%) | $288,983 (10.6%) | 0.45 | 247 |
| 2023-07-01 | $199,000 (4.7%) | $286,148 (9.2%) | 0.45 | 260 |
| 2023-08-01 | $198,500 (7.0%) | $279,941 (9.2%) | 0.46 | 270 |
| 2023-09-01 | $189,900 (-1.3%) | $270,617 (4.1%) | 0.44 | 305 |
| 2023-10-01 | $189,450 (-9.8%) | $260,826 (-1.0%) | 0.45 | 336 |
| 2023-11-01 | $182,225 (-10.9%) | $257,073 (-4.5%) | 0.43 | 322 |
| 2023-12-01 | $179,000 (-10.5%) | $253,528 (-5.8%) | 0.44 | 291 |
| 2024-01-01 | $164,450 (-7.1%) | $245,452 (-4.6%) | 0.40 | 264 |
| 2024-02-01 | $169,000 (-8.4%) | $254,305 (-4.2%) | 0.41 | 228 |
| 2024-03-01 | $185,000 (-1.0%) | $286,965 (5.2%) | 0.44 | 203 |
| 2024-04-01 | $202,225 (-3.5%) | $269,238 (-8.0%) | 0.47 | 210 |
| 2024-05-01 | $214,500 (11.7%) | $280,071 (-2.6%) | 0.49 | 237 |
| 2024-06-01 | $212,500 (5.6%) | $281,285 (-2.7%) | 0.48 | 289 |
| 2024-07-01 | $219,950 (10.5%) | $278,027 (-2.8%) | 0.50 | 305 |
| 2024-08-01 | $225,000 (13.4%) | $281,057 (0.4%) | 0.52 | 326 |
| 2024-09-01 | $235,450 (24.0%) | $285,447 (5.5%) | 0.56 | 353 |
| 2024-10-01 | $216,225 (14.1%) | $273,532 (4.9%) | 0.51 | 368 |
| 2024-11-01 | $210,000 (15.2%) | $266,336 (3.6%) | 0.50 | 341 |
| 2024-12-01 | $207,475 (15.9%) | $266,653 (5.2%) | 0.52 | 303 |
| 2025-01-01 | $210,000 (27.7%) | $273,704 (11.5%) | 0.00 | 250 |
Binghamton's median listing price comes in at 0% of the national average.
Binghamton's average listing price for 2025-01-01 was $273,704, a difference of $28,252 (11.5%) versus the prior year and $7,051 versus the prior month.
For the 2025-01-01 period, Binghamton had 250 MLS listings, a difference of -53 listings (-17%) versus the prior month and -14 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Binghamton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 103 days | 1,751 sqft |
| 2018-02-01 | 103 days | 1,754 sqft |
| 2018-03-01 | 99 days | 1,769 sqft |
| 2018-04-01 | 77 days | 1,799 sqft |
| 2018-05-01 | 64 days | 1,824 sqft |
| 2018-06-01 | 57 days | 1,826 sqft |
| 2018-07-01 | 61 days | 1,854 sqft |
| 2018-08-01 | 66 days | 1,812 sqft |
| 2018-09-01 | 74 days | 1,800 sqft |
| 2018-10-01 | 79 days | 1,785 sqft |
| 2018-11-01 | 77 days | 1,762 sqft |
| 2018-12-01 | 85 days | 1,743 sqft |
| 2019-01-01 | 95 days | 1,726 sqft |
| 2019-02-01 | 100 days | 1,752 sqft |
| 2019-03-01 | 83 days | 1,773 sqft |
| 2019-04-01 | 63 days | 1,808 sqft |
| 2019-05-01 | 60 days | 1,850 sqft |
| 2019-06-01 | 57 days | 1,851 sqft |
| 2019-07-01 | 59 days | 1,812 sqft |
| 2019-08-01 | 64 days | 1,825 sqft |
| 2019-09-01 | 71 days | 1,845 sqft |
| 2019-10-01 | 77 days | 1,858 sqft |
| 2019-11-01 | 80 days | 1,824 sqft |
| 2019-12-01 | 92 days | 1,807 sqft |
| 2020-01-01 | 95 days | 1,807 sqft |
| 2020-02-01 | 96 days | 1,852 sqft |
| 2020-03-01 | 79 days | 1,874 sqft |
| 2020-04-01 | 86 days | 1,860 sqft |
| 2020-05-01 | 92 days | 1,863 sqft |
| 2020-06-01 | 71 days | 1,943 sqft |
| 2020-07-01 | 42 days | 1,936 sqft |
| 2020-08-01 | 46 days | 1,888 sqft |
| 2020-09-01 | 47 days | 1,953 sqft |
| 2020-10-01 | 52 days | 1,881 sqft |
| 2020-11-01 | 60 days | 1,890 sqft |
| 2020-12-01 | 73 days | 1,806 sqft |
| 2021-01-01 | 86 days | 1,753 sqft |
| 2021-02-01 | 93 days | 1,802 sqft |
| 2021-03-01 | 59 days | 1,877 sqft |
| 2021-04-01 | 38 days | 1,875 sqft |
| 2021-05-01 | 31 days | 1,884 sqft |
| 2021-06-01 | 30 days | 1,866 sqft |
| 2021-07-01 | 33 days | 1,877 sqft |
| 2021-08-01 | 38 days | 1,868 sqft |
| 2021-09-01 | 41 days | 1,842 sqft |
| 2021-10-01 | 47 days | 1,806 sqft |
| 2021-11-01 | 56 days | 1,815 sqft |
| 2021-12-01 | 64 days | 1,770 sqft |
| 2022-01-01 | 77 days | 1,761 sqft |
| 2022-02-01 | 78 days | 1,868 sqft |
| 2022-03-01 | 49 days | 1,862 sqft |
| 2022-04-01 | 46 days | 1,830 sqft |
| 2022-05-01 | 41 days | 1,925 sqft |
| 2022-06-01 | 31 days | 1,871 sqft |
| 2022-07-01 | 35 days | 1,855 sqft |
| 2022-08-01 | 42 days | 1,806 sqft |
| 2022-09-01 | 51 days | 1,814 sqft |
| 2022-10-01 | 51 days | 1,869 sqft |
| 2022-11-01 | 52 days | 1,881 sqft |
| 2022-12-01 | 67 days | 1,922 sqft |
| 2023-01-01 | 81 days | 1,806 sqft |
| 2023-02-01 | 81 days | 1,856 sqft |
| 2023-03-01 | 60 days | 1,871 sqft |
| 2023-04-01 | 42 days | 1,886 sqft |
| 2023-05-01 | 37 days | 1,861 sqft |
| 2023-06-01 | 35 days | 1,868 sqft |
| 2023-07-01 | 37 days | 1,836 sqft |
| 2023-08-01 | 39 days | 1,824 sqft |
| 2023-09-01 | 36 days | 1,744 sqft |
| 2023-10-01 | 42 days | 1,736 sqft |
| 2023-11-01 | 47 days | 1,720 sqft |
| 2023-12-01 | 58 days | 1,707 sqft |
| 2024-01-01 | 64 days | 1,697 sqft |
| 2024-02-01 | 71 days | 1,654 sqft |
| 2024-03-01 | 46 days | 1,744 sqft |
| 2024-04-01 | 34 days | 1,786 sqft |
| 2024-05-01 | 31 days | 1,827 sqft |
| 2024-06-01 | 36 days | 1,796 sqft |
| 2024-07-01 | 39 days | 1,781 sqft |
| 2024-08-01 | 44 days | 1,832 sqft |
| 2024-09-01 | 42 days | 1,836 sqft |
| 2024-10-01 | 45 days | 1,816 sqft |
| 2024-11-01 | 51 days | 1,796 sqft |
| 2024-12-01 | 68 days | 1,801 sqft |
| 2025-01-01 | 0 days | 1,775 sqft |
Binghamton's median square footage for active listings during the 2025-01-01 period was 1,775 sqft. One year prior, the average listing was 1,697 sqft.