Bozeman VA Loan Rates, Closing Costs & Stats

Bozeman, MT

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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.

    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 6.7% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.59%.

    The average rate one year ago was 6.38%.

    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.

    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
    Bozeman's median listing price for 2024-03-01 was $1,099,000, a difference of $-157,250 (-12.5%) versus the prior year and $-98,000 versus the prior month.

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

    Bozeman's average listing price for 2024-03-01 was $2,388,520, a difference of $182,350 (8.3%) versus the prior year and $-74,734 versus the prior month.

    For the 2024-03-01 period, Bozeman had 524 MLS listings, a difference of 23 listings (5%) versus the prior month and 65 listings (14%) 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
    Bozeman's median listing age (time on market) for 2024-03-01 was 0 days.

    Bozeman's median square footage for active listings during the 2024-03-01 period was 2,065 sqft. One year prior, the average listing was 2,400 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.