Bloomington VA Loan Rates, Closing Costs & Stats

BLOOMINGTON, IL

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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.

    Bloomington's 41 lenders originated 146 VA loans during 2024. The total origination value was $39,680,000, with an average VA loan value of $271,781.

    Bloomington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bloomington averaged 0.58% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Bloomington's average VA mortgage closing costs are $4,945.

    The average rate for the prior week (2025-06-27) was 6.92% and one month ago for the week of 2025-05-30, the average rate was 6.94%.

    The average rate one year ago was 7.16%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.02%.

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

    Bloomington 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 Bloomington level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 33 6.47% $7,215
    FIRST STATE MORTGAGE SERVICES, LLC 17 6.45% $6,407
    PENNYMAC LOAN SERVICES, LLC 11 5.63% $6,397
    NAVY FEDERAL CREDIT UNION 10 5.89% $3,483
    COMPASS MORTGAGE, INC. 7 6.66% $8,400
    QUICKEN LOANS, LLC 6 6.33% $9,533
    UNITED WHOLESALE MORTGAGE, LLC 6 5.77% $8,377
    FREEDOM MORTGAGE CORPORATION 5 6.13% $5,135
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.56% $19,440
    PNC Bank 4 6.22% $3,869
    USAA Federal Savings Bank 4 6.09% $5,060
    GUARANTEED RATE, INC. 3 6.30% $3,721
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.25% $11,909
    The Federal Savings Bank 2 6.88% $13,899
    POINT Mortgage 2 5.75% $5,572
    Ixonia Bank 2 7.56% $6,411
    FLAT BRANCH MORTGAGE, INC. 2 7.13% $7,245
    North American Savings Bank, F.S.B. 1 5.50% $3,810
    PLANET HOME LENDING, LLC 1 6.13% $2,952
    Regions Bank 1 7.25% $5,054
    S1L, Inc. 1 6.63% $9,475
    Stride Bank 1 5.63% $5,931
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $12,379
    U.S. Bank 1 6.63% $12,153
    VILLAGE CAPITAL MORTGAGE 1 6.25% $4,655
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $14,835
    BROKER SOLUTIONS, INC. 1 6.75% $4,359
    Busey Bank 1 6.13% $6,617
    Carrington Mortgage Services, LLC 1 7.13% $6,879
    CIBM Bank 1 6.50% $9,110
    DAS Acquisition Company, LLC 1 6.50% $3,583
    Equity Prime Mortgage LLC 1 7.25% $19,696
    EVERETT FINANCIAL, INC. 1 7.25% $1,173
    GUILD MORTGAGE COMPANY 1 5.75% $6,462
    HOMESIDE FINANCIAL, LLC 1 6.75% $9,364
    LEADERONE FINANCIAL CORPORATION 1 7.13% $5,861
    LOANDEPOT.COM, LLC 1 6.38% $8,558
    MORTGAGE ACCESS CORP. 1 6.75% $18,862
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $696
    NBKC BANK 1 6.50% $1,800
    NEW DAY FINANCIAL, LLC 1 6.49% $2,424

    The top Bloomington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 33 VA loans originated. Their average total fees are $7,215, which is $807 higher than the next largest lender, FIRST STATE MORTGAGE SERVICES, LLC.

    The lowest fee Bloomington VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,483), PENNYMAC LOAN SERVICES, LLC ($6,397), FIRST STATE MORTGAGE SERVICES, LLC ($6,407), Mortgage Research Center, LLC ($7,215) and .

    The lowest rate Bloomington VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.63%), NAVY FEDERAL CREDIT UNION (5.89%), FIRST STATE MORTGAGE SERVICES, LLC (6.45%), Mortgage Research Center, LLC (6.47%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bloomington (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 $171,950 (16.9%) $202,938 (3.7%) 0.64 716
    2018-02-01 $179,950 (19.2%) $213,189 (4.2%) 0.65 774
    2018-03-01 $184,900 (12.1%) $218,014 (2.4%) 0.65 856
    2018-04-01 $189,000 (8.0%) $221,071 (2.1%) 0.64 935
    2018-05-01 $187,900 (7.4%) $216,824 (2.0%) 0.63 964
    2018-06-01 $186,000 (7.1%) $215,032 (1.6%) 0.62 975
    2018-07-01 $182,450 (5.8%) $212,242 (1.0%) 0.61 997
    2018-08-01 $179,900 (8.6%) $209,457 (2.0%) 0.60 945
    2018-09-01 $174,900 (3.5%) $209,379 (1.2%) 0.59 901
    2018-10-01 $168,000 (-1.2%) $205,548 (-1.4%) 0.57 847
    2018-11-01 $162,400 (-3.4%) $204,031 (0.2%) 0.55 790
    2018-12-01 $157,250 (-4.7%) $193,801 (-3.9%) 0.54 680
    2019-01-01 $159,900 (-7.0%) $193,507 (-4.7%) 0.55 610
    2019-02-01 $163,700 (-9.0%) $197,698 (-7.3%) 0.55 554
    2019-03-01 $169,900 (-8.1%) $205,622 (-5.7%) 0.56 599
    2019-04-01 $169,900 (-10.1%) $204,820 (-7.4%) 0.54 658
    2019-05-01 $165,750 (-11.8%) $202,857 (-6.4%) 0.52 714
    2019-06-01 $167,250 (-10.1%) $203,448 (-5.4%) 0.52 736
    2019-07-01 $169,900 (-6.9%) $207,264 (-2.4%) 0.53 749
    2019-08-01 $167,173 (-7.1%) $206,004 (-1.7%) 0.53 720
    2019-09-01 $163,082 (-6.8%) $202,267 (-3.4%) 0.52 682
    2019-10-01 $159,925 (-4.8%) $200,366 (-2.5%) 0.52 656
    2019-11-01 $158,250 (-2.6%) $200,077 (-1.9%) 0.52 560
    2019-12-01 $149,950 (-4.6%) $197,342 (1.8%) 0.50 497
    2020-01-01 $150,675 (-5.8%) $200,228 (3.5%) 0.50 456
    2020-02-01 $159,500 (-2.6%) $199,541 (0.9%) 0.52 445
    2020-03-01 $166,938 (-1.7%) $212,795 (3.5%) 0.52 469
    2020-04-01 $174,900 (2.9%) $218,562 (6.7%) 0.55 431
    2020-05-01 $165,000 (-0.5%) $219,132 (8.0%) 0.50 402
    2020-06-01 $168,621 (0.8%) $217,251 (6.8%) 0.50 372
    2020-07-01 $170,600 (0.4%) $225,341 (8.7%) 0.49 349
    2020-08-01 $159,900 (-4.4%) $217,269 (5.5%) 0.46 335
    2020-09-01 $150,975 (-7.4%) $206,863 (2.3%) 0.43 320
    2020-10-01 $139,900 (-12.5%) $198,948 (-0.7%) 0.40 288
    2020-11-01 $142,750 (-9.8%) $198,205 (-0.9%) 0.42 273
    2020-12-01 $137,450 (-8.3%) $191,519 (-3.0%) 0.41 234
    2021-01-01 $135,000 (-10.4%) $186,380 (-6.9%) 0.40 199
    2021-02-01 $141,000 (-11.6%) $204,275 (2.4%) 0.41 170
    2021-03-01 $147,500 (-11.6%) $219,262 (3.0%) 0.42 152
    2021-04-01 $163,675 (-6.4%) $238,165 (9.0%) 0.44 149
    2021-05-01 $179,900 (9.0%) $253,087 (15.5%) 0.48 149
    2021-06-01 $177,425 (5.2%) $257,306 (18.4%) 0.47 157
    2021-07-01 $175,000 (2.6%) $256,180 (13.7%) 0.46 169
    2021-08-01 $164,825 (3.1%) $238,062 (9.6%) 0.44 186
    2021-09-01 $165,000 (9.3%) $237,430 (14.8%) 0.44 179
    2021-10-01 $149,750 (7.0%) $208,996 (5.1%) 0.40 167
    2021-11-01 $150,250 (5.3%) $222,718 (12.4%) 0.40 151
    2021-12-01 $147,450 (7.3%) $234,114 (22.2%) 0.40 130
    2022-01-01 $148,500 (10.0%) $237,873 (27.6%) 0.40 101
    2022-02-01 $152,425 (8.1%) $239,794 (17.4%) 0.40 87
    2022-03-01 $202,450 (37.3%) $276,655 (26.2%) 0.51 77
    2022-04-01 $220,000 (34.4%) $310,561 (30.4%) 0.52 89
    2022-05-01 $239,950 (33.4%) $314,133 (24.1%) 0.55 114
    2022-06-01 $247,450 (39.5%) $308,392 (19.9%) 0.55 143
    2022-07-01 $250,000 (42.9%) $307,374 (20.0%) 0.56 145
    2022-08-01 $211,075 (28.1%) $294,031 (23.5%) 0.49 149
    2022-09-01 $257,225 (55.9%) $309,798 (30.5%) 0.60 156
    2022-10-01 $280,000 (87.0%) $321,025 (53.6%) 0.66 180
    2022-11-01 $301,825 (100.9%) $329,794 (48.1%) 0.73 177
    2022-12-01 $304,900 (106.8%) $331,855 (41.8%) 0.75 163
    2023-01-01 $328,150 (121.0%) $352,816 (48.3%) 0.81 145
    2023-02-01 $354,225 (132.4%) $367,769 (53.4%) 0.85 138
    2023-03-01 $337,450 (66.7%) $348,626 (26.0%) 0.80 142
    2023-04-01 $339,900 (54.5%) $351,329 (13.1%) 0.79 172
    2023-05-01 $325,000 (35.4%) $351,689 (12.0%) 0.74 186
    2023-06-01 $331,225 (33.9%) $350,158 (13.5%) 0.74 186
    2023-07-01 $329,900 (32.0%) $366,500 (19.2%) 0.75 198
    2023-08-01 $347,400 (64.6%) $373,280 (27.0%) 0.80 207
    2023-09-01 $334,750 (30.1%) $393,238 (26.9%) 0.78 207
    2023-10-01 $311,225 (11.2%) $372,583 (16.1%) 0.73 218
    2023-11-01 $310,000 (2.7%) $364,776 (10.6%) 0.74 218
    2023-12-01 $324,900 (6.6%) $387,688 (16.8%) 0.79 169
    2024-01-01 $352,450 (7.4%) $408,884 (15.9%) 0.86 142
    2024-02-01 $344,900 (-2.6%) $397,749 (8.2%) 0.83 147
    2024-03-01 $355,000 (5.2%) $400,338 (14.8%) 0.84 158
    2024-04-01 $353,675 (4.1%) $399,147 (13.6%) 0.82 164
    2024-05-01 $367,475 (13.1%) $395,113 (12.4%) 0.84 173
    2024-06-01 $349,900 (5.6%) $384,578 (9.8%) 0.80 204
    2024-07-01 $353,675 (7.2%) $386,734 (5.5%) 0.81 214
    2024-08-01 $332,000 (-4.4%) $354,233 (-5.1%) 0.77 197
    2024-09-01 $305,950 (-8.6%) $329,109 (-16.3%) 0.72 206
    2024-10-01 $288,575 (-7.3%) $323,052 (-13.3%) 0.68 204
    2024-11-01 $275,000 (-11.3%) $315,370 (-13.5%) 0.66 191
    2024-12-01 $268,750 (-17.3%) $314,213 (-19.0%) 0.67 148
    2025-01-01 $291,000 (-17.4%) $338,171 (-17.3%) 0.73 139
    2025-02-01 $303,700 (-12.0%) $343,196 (-13.7%) 0.74 123
    2025-03-01 $319,950 (-9.9%) $354,596 (-11.4%) 0.75 122
    2025-04-01 $317,500 (-10.2%) $354,509 (-11.2%) 0.74 130
    2025-05-01 $327,400 (-10.9%) $361,279 (-8.6%) 0.74 142
    Bloomington's median listing price for 2025-05-01 was $327,400, a difference of $-40,075 (-10.9%) versus the prior year and $9,900 versus the prior month.

    Bloomington's median listing price comes in at 74% of the national average.

    Bloomington's average listing price for 2025-05-01 was $361,279, a difference of $-33,834 (-8.6%) versus the prior year and $6,770 versus the prior month.

    For the 2025-05-01 period, Bloomington had 142 MLS listings, a difference of 12 listings (9%) versus the prior month and -31 listings (-18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bloomington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 93 days 2,695 sqft
    2018-02-01 82 days 2,827 sqft
    2018-03-01 53 days 2,862 sqft
    2018-04-01 56 days 2,881 sqft
    2018-05-01 60 days 2,872 sqft
    2018-06-01 58 days 2,856 sqft
    2018-07-01 62 days 2,811 sqft
    2018-08-01 66 days 2,799 sqft
    2018-09-01 71 days 2,781 sqft
    2018-10-01 72 days 2,757 sqft
    2018-11-01 77 days 2,685 sqft
    2018-12-01 86 days 2,606 sqft
    2019-01-01 92 days 2,555 sqft
    2019-02-01 85 days 1,681 sqft
    2019-03-01 62 days 1,747 sqft
    2019-04-01 50 days 1,748 sqft
    2019-05-01 53 days 1,767 sqft
    2019-06-01 58 days 1,826 sqft
    2019-07-01 58 days 1,880 sqft
    2019-08-01 61 days 1,872 sqft
    2019-09-01 67 days 1,853 sqft
    2019-10-01 71 days 1,840 sqft
    2019-11-01 80 days 1,872 sqft
    2019-12-01 87 days 1,828 sqft
    2020-01-01 89 days 1,827 sqft
    2020-02-01 76 days 1,839 sqft
    2020-03-01 52 days 1,958 sqft
    2020-04-01 59 days 1,958 sqft
    2020-05-01 65 days 2,021 sqft
    2020-06-01 59 days 2,142 sqft
    2020-07-01 46 days 2,108 sqft
    2020-08-01 45 days 2,038 sqft
    2020-09-01 49 days 1,922 sqft
    2020-10-01 50 days 1,904 sqft
    2020-11-01 57 days 1,908 sqft
    2020-12-01 63 days 1,764 sqft
    2021-01-01 60 days 1,768 sqft
    2021-02-01 57 days 1,876 sqft
    2021-03-01 46 days 1,960 sqft
    2021-04-01 33 days 1,961 sqft
    2021-05-01 33 days 2,111 sqft
    2021-06-01 41 days 2,121 sqft
    2021-07-01 39 days 2,148 sqft
    2021-08-01 38 days 2,087 sqft
    2021-09-01 45 days 2,105 sqft
    2021-10-01 50 days 1,872 sqft
    2021-11-01 49 days 1,903 sqft
    2021-12-01 48 days 1,878 sqft
    2022-01-01 57 days 1,780 sqft
    2022-02-01 50 days 1,729 sqft
    2022-03-01 42 days 2,091 sqft
    2022-04-01 31 days 2,199 sqft
    2022-05-01 31 days 2,170 sqft
    2022-06-01 35 days 2,290 sqft
    2022-07-01 37 days 2,313 sqft
    2022-08-01 39 days 2,128 sqft
    2022-09-01 38 days 2,228 sqft
    2022-10-01 38 days 2,336 sqft
    2022-11-01 47 days 2,303 sqft
    2022-12-01 54 days 2,314 sqft
    2023-01-01 63 days 2,327 sqft
    2023-02-01 61 days 2,274 sqft
    2023-03-01 49 days 2,186 sqft
    2023-04-01 42 days 2,208 sqft
    2023-05-01 42 days 2,211 sqft
    2023-06-01 52 days 2,247 sqft
    2023-07-01 48 days 2,408 sqft
    2023-08-01 49 days 2,505 sqft
    2023-09-01 50 days 2,576 sqft
    2023-10-01 51 days 2,506 sqft
    2023-11-01 48 days 2,509 sqft
    2023-12-01 65 days 2,512 sqft
    2024-01-01 81 days 2,605 sqft
    2024-02-01 64 days 2,512 sqft
    2024-03-01 44 days 2,678 sqft
    2024-04-01 43 days 2,570 sqft
    2024-05-01 34 days 2,512 sqft
    2024-06-01 38 days 2,568 sqft
    2024-07-01 45 days 2,520 sqft
    2024-08-01 45 days 2,362 sqft
    2024-09-01 41 days 2,281 sqft
    2024-10-01 43 days 2,223 sqft
    2024-11-01 49 days 2,167 sqft
    2024-12-01 58 days 2,109 sqft
    2025-01-01 58 days 2,169 sqft
    2025-02-01 60 days 2,214 sqft
    2025-03-01 37 days 2,264 sqft
    2025-04-01 31 days 2,406 sqft
    2025-05-01 32 days 2,449 sqft
    Bloomington's median listing age (time on market) for 2025-05-01 was 32 days. This is -6% shorter than the same period one year ago.

    Bloomington's median square footage for active listings during the 2025-05-01 period was 2,449 sqft. One year prior, the average listing was 2,512 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.