Bozeman VA Loan Rates, Closing Costs & Stats

Bozeman, MT

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.

Bozeman's 36 lenders originated 78 VA loans during 2023. The total origination value was $46,810,000, with an average VA loan value of $600,128.

Bozeman VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bozeman averaged 6.45% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Bozeman's average VA mortgage closing costs are $8,265.

The average rate for the prior week (2024-07-12) was 6.69% and one month ago for the week of 2024-06-14, the average rate was 6.45%.

The average rate one year ago was 6.53%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.1%.

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

Bozeman 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 Bozeman level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 9 6.59% $10,753
CORNERSTONE HOME LENDING, INC. 8 6.27% $9,829
UNITED WHOLESALE MORTGAGE, LLC 7 6.30% $22,759
Opportunity Bank of Montana 4 5.81% $12,370
GUARANTEED RATE, INC. 4 6.23% $16,058
Stockman Bank of Montana 4 6.28% $12,482
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.42% $13,916
Plains Commerce Bank 3 5.67% $15,038
PENNYMAC LOAN SERVICES, LLC 3 6.00% $13,376
NAVY FEDERAL CREDIT UNION 2 5.81% $4,754
Century Mortgage Company DBA Century Lending Company 2 5.81% $7,718
GoPrime Mortgage, Inc. 2 6.94% $24,594
INTERCAP LENDING INC. 1 5.99% $14,030
LOANDEPOT.COM, LLC 1 5.75% $30,574
Magnolia Bank 1 6.13% $18,207
MANN FINANCIAL INC. 1 6.13% $12,969
NEW DAY FINANCIAL, LLC 1 7.75% $15,600
Paramount Residential Mortgage Group, Inc. 1 5.75% $11,758
PLAZA HOME MORTGAGE, INC. 1 6.99% $5,490
The Central Trust Bank 1 6.13% $43,634
The Federal Savings Bank 1 6.88% $30,338
USAA Federal Savings Bank 1 7.25% $12,107
U.S. Bank 1 6.75% $4,164
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $45,807
ZILLOW HOME LOANS, LLC 1 5.25% $17,820
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $8,727
AXIA FINANCIAL, LLC 1 6.75% $16,108
Bank of England 1 6.63% $52,435
BNC National Bank 1 5.25% $20,886
CMG MORTGAGE, INC. 1 7.25% $11,852
EVERETT FINANCIAL, INC. 1 5.63% $20,503
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $13,255
First Interstate Bank 1 6.75% $4,886
Flagstar Bank, FSB 1 6.13% $16,654
FREEDOM MORTGAGE CORPORATION 1 7.25% $33,433
GUILD MORTGAGE COMPANY 1 6.13% $15,755

The top Bozeman VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $10,753, which is $924 higher than the next largest lender, CORNERSTONE HOME LENDING, INC..

The lowest fee Bozeman VA lenders (with over 10 loans originated) are .

The lowest rate Bozeman VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bozeman (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 $581,900 (-0.3%) $1,050,338 (-8.2%) 0.00 617
2018-02-01 $598,225 (1.1%) $1,029,678 (-10.7%) 0.00 598
2018-03-01 $612,500 (9.7%) $1,006,336 (-9.7%) 0.00 569
2018-04-01 $597,000 (-0.3%) $961,326 (-15.7%) 0.00 554
2018-05-01 $591,925 (-5.6%) $958,986 (-12.1%) 0.00 573
2018-06-01 $595,000 (0.5%) $972,574 (-5.0%) 0.00 663
2018-07-01 $554,500 (-6.8%) $933,980 (-10.9%) 0.00 741
2018-08-01 $534,463 (-6.9%) $907,720 (-11.3%) 0.00 754
2018-09-01 $499,000 (-16.1%) $887,255 (-15.0%) 0.00 758
2018-10-01 $485,750 (-19.0%) $877,310 (-17.5%) 0.00 744
2018-11-01 $492,450 (-13.4%) $918,089 (-11.5%) 0.00 682
2018-12-01 $499,900 (-13.4%) $959,959 (-7.3%) 0.00 654
2019-01-01 $549,250 (-5.6%) $1,069,816 (1.9%) 0.00 597
2019-02-01 $571,350 (-4.5%) $1,085,527 (5.4%) 0.00 561
2019-03-01 $585,100 (-4.5%) $1,096,955 (9.0%) 0.00 557
2019-04-01 $599,900 (0.5%) $1,097,650 (14.2%) 0.00 561
2019-05-01 $599,450 (1.3%) $1,054,601 (10.0%) 0.00 593
2019-06-01 $599,950 (0.8%) $1,046,135 (7.6%) 0.00 662
2019-07-01 $607,363 (9.5%) $1,063,479 (13.9%) 0.00 729
2019-08-01 $635,691 (18.9%) $1,082,346 (19.2%) 0.00 764
2019-09-01 $615,052 (23.3%) $1,076,289 (21.3%) 0.00 781
2019-10-01 $599,450 (23.4%) $1,079,393 (23.0%) 0.00 789
2019-11-01 $599,000 (21.6%) $1,103,537 (20.2%) 0.00 732
2019-12-01 $592,450 (18.5%) $1,131,483 (17.9%) 0.00 682
2020-01-01 $607,450 (10.6%) $1,220,964 (14.1%) 0.00 628
2020-02-01 $669,700 (17.2%) $1,270,150 (17.0%) 0.00 583
2020-03-01 $643,225 (9.9%) $1,229,442 (12.1%) 0.00 588
2020-04-01 $604,000 (0.7%) $1,200,537 (9.4%) 0.00 660
2020-05-01 $619,000 (3.3%) $1,221,338 (15.8%) 0.00 691
2020-06-01 $727,000 (21.2%) $1,331,907 (27.3%) 0.00 665
2020-07-01 $777,000 (27.9%) $1,416,029 (33.2%) 0.00 580
2020-08-01 $819,900 (29.0%) $1,481,117 (36.8%) 0.00 495
2020-09-01 $959,500 (56.0%) $1,685,507 (56.6%) 0.00 373
2020-10-01 $954,750 (59.3%) $1,741,304 (61.3%) 0.00 319
2020-11-01 $1,120,663 (87.1%) $1,934,802 (75.3%) 0.00 263
2020-12-01 $1,188,250 (100.6%) $2,039,610 (80.3%) 0.00 252
2021-01-01 $1,300,000 (114.0%) $2,237,352 (83.2%) 0.00 219
2021-02-01 $1,296,250 (93.6%) $2,329,144 (83.4%) 0.00 202
2021-03-01 $1,053,750 (63.8%) $2,158,491 (75.6%) 0.00 185
2021-04-01 $949,500 (57.2%) $2,037,895 (69.8%) 0.00 183
2021-05-01 $1,099,000 (77.5%) $2,067,993 (69.3%) 0.00 206
2021-06-01 $964,975 (32.7%) $1,880,699 (41.2%) 0.00 280
2021-07-01 $949,950 (22.3%) $1,883,053 (33.0%) 0.00 317
2021-08-01 $860,000 (4.9%) $1,799,526 (21.5%) 0.00 341
2021-09-01 $872,250 (-9.1%) $2,044,492 (21.3%) 0.00 334
2021-10-01 $950,000 (-0.5%) $2,121,536 (21.8%) 0.00 281
2021-11-01 $1,288,500 (15.0%) $2,734,004 (41.3%) 0.00 225
2021-12-01 $1,516,250 (27.6%) $2,994,937 (46.8%) 0.00 181
2022-01-01 $1,849,950 (42.3%) $3,312,909 (48.1%) 0.00 152
2022-02-01 $1,405,250 (8.4%) $2,972,632 (27.6%) 0.00 169
2022-03-01 $1,406,000 (33.4%) $2,648,782 (22.7%) 0.00 186
2022-04-01 $1,297,000 (36.6%) $2,233,404 (9.6%) 0.00 242
2022-05-01 $1,046,950 (-4.7%) $1,972,334 (-4.6%) 0.00 337
2022-06-01 $989,000 (2.5%) $1,858,815 (-1.2%) 0.00 456
2022-07-01 $999,997 (5.3%) $1,854,733 (-1.5%) 0.00 597
2022-08-01 $999,500 (16.2%) $1,826,157 (1.5%) 0.00 668
2022-09-01 $998,875 (14.5%) $1,849,016 (-9.6%) 0.00 648
2022-10-01 $979,900 (3.2%) $1,813,553 (-14.5%) 0.00 628
2022-11-01 $975,000 (-24.3%) $1,874,646 (-31.4%) 0.00 577
2022-12-01 $995,000 (-34.4%) $1,929,297 (-35.6%) 0.00 523
2023-01-01 $1,095,000 (-40.8%) $2,103,091 (-36.5%) 0.00 479
2023-02-01 $1,227,250 (-12.7%) $2,206,227 (-25.8%) 0.00 471
2023-03-01 $1,256,250 (-10.7%) $2,206,170 (-16.7%) 0.00 459
2023-04-01 $1,287,500 (-0.7%) $2,154,307 (-3.5%) 0.00 456
2023-05-01 $1,238,000 (18.3%) $2,118,535 (7.4%) 0.00 468
2023-06-01 $1,200,000 (21.3%) $2,059,543 (10.8%) 0.00 521
2023-07-01 $1,200,000 (20.0%) $2,201,506 (18.7%) 0.00 587
2023-08-01 $1,097,500 (9.8%) $2,118,420 (16.0%) 0.00 629
2023-09-01 $999,750 (0.1%) $2,152,457 (16.4%) 0.00 640
2023-10-01 $1,018,000 (3.9%) $2,116,451 (16.7%) 0.00 603
2023-11-01 $1,074,250 (10.2%) $2,225,737 (18.7%) 0.00 555
2023-12-01 $1,175,000 (18.1%) $2,354,857 (22.1%) 0.00 533
2024-01-01 $1,196,000 (9.2%) $2,478,024 (17.8%) 0.00 500
2024-02-01 $1,197,000 (-2.5%) $2,463,254 (11.7%) 0.00 501
2024-03-01 $1,099,000 (-12.5%) $2,388,520 (8.3%) 0.00 524
2024-04-01 $1,026,000 (-20.3%) $2,228,122 (3.4%) 0.00 584
2024-05-01 $996,875 (-19.5%) $2,070,706 (-2.3%) 0.00 648
2024-06-01 $985,000 (-17.9%) $2,017,692 (-2.0%) 0.00 753
Bozeman's median listing price for 2024-06-01 was $985,000, a difference of $-215,000 (-17.9%) versus the prior year and $-11,875 versus the prior month.

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

Bozeman's average listing price for 2024-06-01 was $2,017,692, a difference of $-41,851 (-2.0%) versus the prior year and $-53,014 versus the prior month.

For the 2024-06-01 period, Bozeman had 753 MLS listings, a difference of 105 listings (16%) versus the prior month and 232 listings (45%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bozeman (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,353 sqft
2018-02-01 0 days 2,306 sqft
2018-03-01 0 days 2,349 sqft
2018-04-01 0 days 2,355 sqft
2018-05-01 0 days 2,405 sqft
2018-06-01 0 days 2,528 sqft
2018-07-01 0 days 2,546 sqft
2018-08-01 0 days 2,442 sqft
2018-09-01 0 days 2,310 sqft
2018-10-01 0 days 2,238 sqft
2018-11-01 0 days 2,289 sqft
2018-12-01 0 days 2,310 sqft
2019-01-01 0 days 2,314 sqft
2019-02-01 0 days 2,335 sqft
2019-03-01 0 days 2,354 sqft
2019-04-01 0 days 2,378 sqft
2019-05-01 0 days 2,346 sqft
2019-06-01 0 days 2,379 sqft
2019-07-01 0 days 2,382 sqft
2019-08-01 0 days 2,386 sqft
2019-09-01 0 days 2,334 sqft
2019-10-01 0 days 2,301 sqft
2019-11-01 0 days 2,285 sqft
2019-12-01 0 days 2,245 sqft
2020-01-01 0 days 2,236 sqft
2020-02-01 0 days 2,256 sqft
2020-03-01 0 days 2,255 sqft
2020-04-01 0 days 2,208 sqft
2020-05-01 0 days 2,237 sqft
2020-06-01 0 days 2,354 sqft
2020-07-01 0 days 2,433 sqft
2020-08-01 0 days 2,478 sqft
2020-09-01 0 days 2,526 sqft
2020-10-01 0 days 2,539 sqft
2020-11-01 0 days 2,540 sqft
2020-12-01 0 days 2,503 sqft
2021-01-01 0 days 2,586 sqft
2021-02-01 0 days 2,698 sqft
2021-03-01 0 days 2,735 sqft
2021-04-01 0 days 2,695 sqft
2021-05-01 0 days 2,773 sqft
2021-06-01 0 days 2,591 sqft
2021-07-01 0 days 2,525 sqft
2021-08-01 0 days 2,370 sqft
2021-09-01 0 days 2,381 sqft
2021-10-01 0 days 2,428 sqft
2021-11-01 0 days 2,861 sqft
2021-12-01 0 days 2,998 sqft
2022-01-01 0 days 3,087 sqft
2022-02-01 0 days 2,567 sqft
2022-03-01 0 days 2,429 sqft
2022-04-01 0 days 2,139 sqft
2022-05-01 0 days 2,243 sqft
2022-06-01 0 days 2,226 sqft
2022-07-01 0 days 2,301 sqft
2022-08-01 0 days 2,272 sqft
2022-09-01 0 days 2,343 sqft
2022-10-01 0 days 2,376 sqft
2022-11-01 0 days 2,350 sqft
2022-12-01 0 days 2,389 sqft
2023-01-01 0 days 2,402 sqft
2023-02-01 0 days 2,374 sqft
2023-03-01 0 days 2,400 sqft
2023-04-01 0 days 2,346 sqft
2023-05-01 0 days 2,352 sqft
2023-06-01 0 days 2,383 sqft
2023-07-01 0 days 2,440 sqft
2023-08-01 0 days 2,390 sqft
2023-09-01 0 days 2,345 sqft
2023-10-01 0 days 2,316 sqft
2023-11-01 0 days 2,198 sqft
2023-12-01 0 days 2,176 sqft
2024-01-01 0 days 2,148 sqft
2024-02-01 0 days 2,102 sqft
2024-03-01 0 days 2,065 sqft
2024-04-01 0 days 2,091 sqft
2024-05-01 0 days 2,069 sqft
2024-06-01 0 days 2,161 sqft
Bozeman's median listing age (time on market) for 2024-06-01 was 0 days.

Bozeman's median square footage for active listings during the 2024-06-01 period was 2,161 sqft. One year prior, the average listing was 2,383 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.