Butte VA Loan Rates, Closing Costs & Stats

Butte-Silver Bow, 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.

    Butte's 30 lenders originated 84 VA loans during 2024. The total origination value was $27,570,000, with an average VA loan value of $328,214.

    Butte VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Butte averaged 0.37% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Butte's average VA mortgage closing costs are $6,836.

    The average rate for the prior week (2025-06-13) was 6.81% and one month ago for the week of 2025-05-16, the average rate was 6.47%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.2%.

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

    Butte 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 Butte level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 20 6.29% $7,595
    GUILD MORTGAGE COMPANY 7 5.95% $12,266
    UNITED WHOLESALE MORTGAGE, LLC 7 5.93% $7,508
    QUICKEN LOANS, LLC 6 6.12% $10,968
    USAA Federal Savings Bank 3 6.00% $7,755
    Mr. Cooper ( Nationstar Mortgage ) 3 5.67% $16,650
    NEW DAY FINANCIAL, LLC 3 7.29% $7,786
    LOANDEPOT.COM, LLC 2 5.49% $11,821
    CROSSCOUNTRY MORTGAGE, LLC 2 5.87% $10,289
    Barrington Bank & Trust Company, N.A. 2 6.25% $9,048
    GUARANTEED RATE, INC. 2 6.65% $6,627
    FREEDOM MORTGAGE CORPORATION 2 6.38% $13,173
    The Federal Savings Bank 2 6.88% $9,626
    Ixonia Bank 2 6.94% $10,274
    NEWREZ LLC 2 6.25% $4,227
    LAKEVIEW LOAN SERVICING, LLC 2 6.25% $3,430
    S1L, Inc. 1 5.63% $7,618
    Stockman Bank of Montana 1 7.25% $10,383
    UNION HOME MORTGAGE CORP. 1 6.00% $15,799
    Equity Prime Mortgage LLC 1 6.13% $2,842
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $17,546
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 5.63% $7,244
    Glacier Bank 1 6.13% $10,222
    ENVOY MORTGAGE, LTD 1 5.88% $13,726
    MOUNTAIN AMERICA 1 5.88% $2,776
    AXIA FINANCIAL, LLC 1 6.63% $9,206
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $11,168
    Opportunity Bank of Montana 1 5.75% $4,821
    Paramount Residential Mortgage Group, Inc. 1 6.63% $9,156
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $5,842

    The top Butte VA lender as defined by loan originations is Mortgage Research Center, LLC, with 20 VA loans originated. Their average total fees are $7,595, which is $4,670 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Butte VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,595), .

    The lowest rate Butte VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.29%), .

    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.