Brookhaven VA Loan Rates, Closing Costs & Stats
Brookhaven, MS
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.
Brookhaven's 5 lenders originated 16 VA loans during 2023. The total origination value was $3,460,000, with an average VA loan value of $216,250.
Brookhaven VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Brookhaven
averaged
7.01%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Brookhaven's average VA mortgage closing costs are $4,669.
The average rate for the prior week (2024-04-12) was
6.74% and
one month ago for the week of 2024-03-15, the
average rate was 6.7%.
The average rate one year ago was 6.19%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.56%.
Brookhaven 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 Brookhaven level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 8 | 6.41% | $6,780 |
| QUICKEN LOANS, LLC | 5 | 6.00% | $8,031 |
| CORNERSTONE HOME LENDING, INC. | 1 | 7.25% | $6,529 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.75% | $1,543 |
| Trustmark National Bank | 1 | 6.75% | $4,518 |
The top Brookhaven VA lender as defined by loan originations is Mortgage Research Center, LLC, with
8 VA loans originated. Their average total fees are
$6,780, which is $1,251
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Brookhaven VA lenders (with over 10 loans originated) are
.
The lowest rate Brookhaven VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Brookhaven (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 | $148,875 (4.9%) | $203,649 (18.6%) | 0.00 | 79 |
| 2018-02-01 | $141,175 (-2.3%) | $196,045 (13.3%) | 0.00 | 80 |
| 2018-03-01 | $139,000 (-6.9%) | $190,728 (11.1%) | 0.00 | 85 |
| 2018-04-01 | $138,200 (-13.1%) | $190,134 (-4.4%) | 0.00 | 81 |
| 2018-05-01 | $164,225 (6.0%) | $215,746 (12.0%) | 0.00 | 82 |
| 2018-06-01 | $152,000 (-0.6%) | $204,793 (11.5%) | 0.00 | 91 |
| 2018-07-01 | $143,875 (-7.2%) | $195,234 (6.5%) | 0.00 | 99 |
| 2018-08-01 | $151,250 (-4.0%) | $199,236 (13.2%) | 0.00 | 93 |
| 2018-09-01 | $148,000 (-4.5%) | $203,431 (14.9%) | 0.00 | 94 |
| 2018-10-01 | $157,000 (1.1%) | $207,231 (12.3%) | 0.00 | 97 |
| 2018-11-01 | $164,500 (6.5%) | $225,159 (14.3%) | 0.00 | 108 |
| 2018-12-01 | $169,000 (13.0%) | $224,792 (10.3%) | 0.00 | 100 |
| 2019-01-01 | $171,100 (14.9%) | $232,832 (14.3%) | 0.00 | 103 |
| 2019-02-01 | $164,750 (16.7%) | $232,820 (18.8%) | 0.00 | 110 |
| 2019-03-01 | $154,357 (11.1%) | $224,678 (17.8%) | 0.00 | 113 |
| 2019-04-01 | $149,357 (8.1%) | $217,713 (14.5%) | 0.00 | 114 |
| 2019-05-01 | $149,250 (-9.1%) | $201,206 (-6.7%) | 0.00 | 111 |
| 2019-06-01 | $146,250 (-3.8%) | $202,039 (-1.3%) | 0.00 | 112 |
| 2019-07-01 | $149,900 (4.2%) | $204,840 (4.9%) | 0.00 | 101 |
| 2019-08-01 | $151,182 (-0.1%) | $192,553 (-3.4%) | 0.00 | 102 |
| 2019-09-01 | $149,955 (1.3%) | $179,287 (-11.9%) | 0.00 | 103 |
| 2019-10-01 | $149,636 (-4.7%) | $177,146 (-14.5%) | 0.00 | 99 |
| 2019-11-01 | $165,000 (0.3%) | $195,139 (-13.3%) | 0.00 | 98 |
| 2019-12-01 | $159,475 (-5.6%) | $186,473 (-17.1%) | 0.00 | 105 |
| 2020-01-01 | $163,600 (-4.4%) | $187,688 (-19.4%) | 0.00 | 101 |
| 2020-02-01 | $165,000 (0.2%) | $196,185 (-15.7%) | 0.00 | 109 |
| 2020-03-01 | $174,750 (13.2%) | $204,063 (-9.2%) | 0.00 | 105 |
| 2020-04-01 | $175,000 (17.2%) | $205,035 (-5.8%) | 0.00 | 99 |
| 2020-05-01 | $174,990 (17.3%) | $207,187 (3.0%) | 0.00 | 92 |
| 2020-06-01 | $170,125 (16.3%) | $203,208 (0.6%) | 0.00 | 80 |
| 2020-07-01 | $171,500 (14.4%) | $210,603 (2.8%) | 0.00 | 68 |
| 2020-08-01 | $162,250 (7.3%) | $199,289 (3.5%) | 0.00 | 59 |
| 2020-09-01 | $157,125 (4.8%) | $200,633 (11.9%) | 0.00 | 58 |
| 2020-10-01 | $147,500 (-1.4%) | $203,776 (15.0%) | 0.00 | 60 |
| 2020-11-01 | $149,925 (-9.1%) | $219,919 (12.7%) | 0.00 | 59 |
| 2020-12-01 | $152,500 (-4.4%) | $217,610 (16.7%) | 0.00 | 54 |
| 2021-01-01 | $150,000 (-8.3%) | $203,949 (8.7%) | 0.00 | 48 |
| 2021-02-01 | $178,125 (8.0%) | $233,176 (18.9%) | 0.00 | 40 |
| 2021-03-01 | $164,875 (-5.7%) | $209,693 (2.8%) | 0.00 | 36 |
| 2021-04-01 | $163,750 (-6.4%) | $210,937 (2.9%) | 0.00 | 33 |
| 2021-05-01 | $158,500 (-9.4%) | $204,399 (-1.4%) | 0.00 | 32 |
| 2021-06-01 | $181,225 (6.5%) | $206,361 (1.6%) | 0.00 | 34 |
| 2021-07-01 | $169,900 (-0.9%) | $203,786 (-3.2%) | 0.00 | 41 |
| 2021-08-01 | $185,000 (14.0%) | $208,507 (4.6%) | 0.00 | 47 |
| 2021-09-01 | $185,000 (17.7%) | $214,243 (6.8%) | 0.00 | 49 |
| 2021-10-01 | $180,000 (22.0%) | $207,572 (1.9%) | 0.00 | 44 |
| 2021-11-01 | $188,750 (25.9%) | $206,825 (-6.0%) | 0.00 | 38 |
| 2021-12-01 | $188,750 (23.8%) | $214,115 (-1.6%) | 0.00 | 40 |
| 2022-01-01 | $180,000 (20.0%) | $205,945 (1.0%) | 0.00 | 39 |
| 2022-02-01 | $203,000 (14.0%) | $231,733 (-0.6%) | 0.00 | 43 |
| 2022-03-01 | $217,000 (31.6%) | $244,750 (16.7%) | 0.00 | 46 |
| 2022-04-01 | $222,000 (35.6%) | $247,878 (17.5%) | 0.00 | 44 |
| 2022-05-01 | $255,250 (61.0%) | $274,660 (34.4%) | 0.00 | 40 |
| 2022-06-01 | $246,000 (35.7%) | $277,191 (34.3%) | 0.00 | 45 |
| 2022-07-01 | $235,000 (38.3%) | $260,666 (27.9%) | 0.00 | 53 |
| 2022-08-01 | $246,175 (33.1%) | $283,550 (36.0%) | 0.00 | 50 |
| 2022-09-01 | $239,975 (29.7%) | $270,298 (26.2%) | 0.00 | 52 |
| 2022-10-01 | $239,750 (33.2%) | $275,448 (32.7%) | 0.00 | 48 |
| 2022-11-01 | $222,400 (17.8%) | $264,503 (27.9%) | 0.00 | 48 |
| 2022-12-01 | $230,000 (21.9%) | $272,767 (27.4%) | 0.00 | 51 |
| 2023-01-01 | $233,750 (29.9%) | $289,159 (40.4%) | 0.00 | 53 |
| 2023-02-01 | $250,250 (23.3%) | $293,450 (26.6%) | 0.00 | 56 |
| 2023-03-01 | $211,225 (-2.7%) | $269,617 (10.2%) | 0.00 | 57 |
| 2023-04-01 | $188,000 (-15.3%) | $242,530 (-2.2%) | 0.00 | 56 |
| 2023-05-01 | $188,625 (-26.1%) | $276,804 (0.8%) | 0.00 | 45 |
| 2023-06-01 | $196,575 (-20.1%) | $279,252 (0.7%) | 0.00 | 43 |
| 2023-07-01 | $199,000 (-15.3%) | $271,736 (4.3%) | 0.00 | 48 |
| 2023-08-01 | $196,200 (-20.3%) | $272,138 (-4.0%) | 0.00 | 41 |
| 2023-09-01 | $196,250 (-18.2%) | $274,752 (1.7%) | 0.00 | 39 |
| 2023-10-01 | $198,625 (-17.2%) | $275,250 (-0.1%) | 0.00 | 44 |
| 2023-11-01 | $199,000 (-10.5%) | $293,626 (11.0%) | 0.00 | 46 |
| 2023-12-01 | $199,000 (-13.5%) | $288,923 (5.9%) | 0.00 | 54 |
| 2024-01-01 | $194,225 (-16.9%) | $266,334 (-7.9%) | 0.00 | 50 |
| 2024-02-01 | $199,225 (-20.4%) | $275,104 (-6.3%) | 0.00 | 45 |
| 2024-03-01 | $199,000 (-5.8%) | $282,761 (4.9%) | 0.00 | 47 |
Brookhaven's median listing price comes in at 0% of the national average.
Brookhaven's average listing price for 2024-03-01 was $282,761, a difference of $13,144 (4.9%) versus the prior year and $7,657 versus the prior month.
For the 2024-03-01 period, Brookhaven had 47 MLS listings, a difference of 2 listings (4%) versus the prior month and -10 listings (-18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brookhaven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,126 sqft |
| 2018-02-01 | 0 days | 2,100 sqft |
| 2018-03-01 | 0 days | 2,045 sqft |
| 2018-04-01 | 0 days | 2,008 sqft |
| 2018-05-01 | 0 days | 2,220 sqft |
| 2018-06-01 | 0 days | 2,045 sqft |
| 2018-07-01 | 0 days | 1,921 sqft |
| 2018-08-01 | 0 days | 1,985 sqft |
| 2018-09-01 | 0 days | 1,984 sqft |
| 2018-10-01 | 0 days | 2,012 sqft |
| 2018-11-01 | 0 days | 2,016 sqft |
| 2018-12-01 | 0 days | 2,016 sqft |
| 2019-01-01 | 0 days | 2,036 sqft |
| 2019-02-01 | 0 days | 2,042 sqft |
| 2019-03-01 | 0 days | 1,994 sqft |
| 2019-04-01 | 0 days | 1,979 sqft |
| 2019-05-01 | 0 days | 1,916 sqft |
| 2019-06-01 | 0 days | 1,949 sqft |
| 2019-07-01 | 0 days | 1,947 sqft |
| 2019-08-01 | 0 days | 1,934 sqft |
| 2019-09-01 | 0 days | 1,914 sqft |
| 2019-10-01 | 0 days | 1,913 sqft |
| 2019-11-01 | 0 days | 1,953 sqft |
| 2019-12-01 | 0 days | 2,000 sqft |
| 2020-01-01 | 0 days | 1,917 sqft |
| 2020-02-01 | 0 days | 1,977 sqft |
| 2020-03-01 | 0 days | 2,074 sqft |
| 2020-04-01 | 0 days | 2,018 sqft |
| 2020-05-01 | 0 days | 2,094 sqft |
| 2020-06-01 | 0 days | 2,101 sqft |
| 2020-07-01 | 0 days | 2,095 sqft |
| 2020-08-01 | 0 days | 2,137 sqft |
| 2020-09-01 | 0 days | 2,113 sqft |
| 2020-10-01 | 0 days | 2,104 sqft |
| 2020-11-01 | 0 days | 2,064 sqft |
| 2020-12-01 | 0 days | 1,983 sqft |
| 2021-01-01 | 0 days | 1,962 sqft |
| 2021-02-01 | 0 days | 2,027 sqft |
| 2021-03-01 | 0 days | 1,871 sqft |
| 2021-04-01 | 0 days | 1,940 sqft |
| 2021-05-01 | 0 days | 1,740 sqft |
| 2021-06-01 | 0 days | 1,942 sqft |
| 2021-07-01 | 0 days | 1,976 sqft |
| 2021-08-01 | 0 days | 1,981 sqft |
| 2021-09-01 | 0 days | 1,881 sqft |
| 2021-10-01 | 0 days | 1,823 sqft |
| 2021-11-01 | 0 days | 1,945 sqft |
| 2021-12-01 | 0 days | 1,910 sqft |
| 2022-01-01 | 0 days | 2,002 sqft |
| 2022-02-01 | 0 days | 2,052 sqft |
| 2022-03-01 | 0 days | 2,108 sqft |
| 2022-04-01 | 0 days | 2,137 sqft |
| 2022-05-01 | 0 days | 2,293 sqft |
| 2022-06-01 | 0 days | 2,264 sqft |
| 2022-07-01 | 0 days | 2,157 sqft |
| 2022-08-01 | 0 days | 2,190 sqft |
| 2022-09-01 | 0 days | 2,155 sqft |
| 2022-10-01 | 0 days | 2,083 sqft |
| 2022-11-01 | 0 days | 2,006 sqft |
| 2022-12-01 | 0 days | 2,024 sqft |
| 2023-01-01 | 0 days | 2,275 sqft |
| 2023-02-01 | 0 days | 2,300 sqft |
| 2023-03-01 | 0 days | 2,207 sqft |
| 2023-04-01 | 0 days | 1,920 sqft |
| 2023-05-01 | 0 days | 1,950 sqft |
| 2023-06-01 | 0 days | 1,946 sqft |
| 2023-07-01 | 0 days | 1,950 sqft |
| 2023-08-01 | 0 days | 1,921 sqft |
| 2023-09-01 | 0 days | 1,962 sqft |
| 2023-10-01 | 0 days | 1,893 sqft |
| 2023-11-01 | 0 days | 2,000 sqft |
| 2023-12-01 | 0 days | 2,000 sqft |
| 2024-01-01 | 0 days | 2,000 sqft |
| 2024-02-01 | 0 days | 2,031 sqft |
| 2024-03-01 | 0 days | 2,107 sqft |
Brookhaven's median square footage for active listings during the 2024-03-01 period was 2,107 sqft. One year prior, the average listing was 2,207 sqft.