Cambridge VA Loan Rates, Closing Costs & Stats

Cambridge, MD

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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.

    Cambridge's 33 lenders originated 95 VA loans during 2024. The total origination value was $28,015,000, with an average VA loan value of $294,895.

    Cambridge VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cambridge averaged 6.88% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Cambridge's average VA mortgage closing costs are $6,879.

    The average rate for the prior week (2025-07-04) was 6.79% and one month ago for the week of 2025-06-06, the average rate was 6.86%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.47%.

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

    Cambridge 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 Cambridge level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 11 5.99% $9,278
    Mortgage Research Center, LLC 11 6.70% $3,818
    DHI MORTGAGE COMPANY, LTD. 11 5.51% $6,575
    QUICKEN LOANS, LLC 8 6.15% $13,334
    FREEDOM MORTGAGE CORPORATION 6 6.29% $8,180
    NVR Mortgage Finance, Inc. 6 6.42% $3,883
    ENVOY MORTGAGE, LTD 4 6.44% $9,071
    VILLAGE CAPITAL MORTGAGE 3 5.41% $4,672
    MOVEMENT MORTGAGE, LLC 2 6.25% $4,303
    CLEARPATH LENDING 2 5.63% $3,705
    CROSSCOUNTRY MORTGAGE, LLC 2 6.91% $6,013
    EMBRACE HOME LOANS, INC. 2 5.94% $7,730
    1ST FINANCIAL, INC. 2 7.00% $16,915
    PENNYMAC LOAN SERVICES, LLC 2 5.37% $4,319
    Equity Prime Mortgage LLC 1 5.88% $795
    EMM LOANS LLC 1 6.25% $12,923
    USAA Federal Savings Bank 1 6.25% $5,212
    NAVY FEDERAL CREDIT UNION 1 6.50% $17,137
    NBKC BANK 1 6.13% $9,002
    NEW DAY FINANCIAL, LLC 1 7.99% $9,094
    NFM, INC. 1 6.75% $15,694
    DIRECT MORTGAGE LOANS, LLC 1 5.75% $8,926
    BAY CAPITAL MORTGAGE CORPORATION 1 6.63% $10,794
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $8,942
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $625
    Credence Funding Corporation 1 5.38% $4,371
    RADIUS FINANCIAL GROUP INC. 1 7.13% $5,145
    Residential Acceptance Corporation 1 8.25% $9,451
    Sandy Spring Bank 1 5.63% $13,053
    Shore United Bank 1 6.63% $3,744
    CMG MORTGAGE, INC. 1 7.00% $3,966
    EQUITY RESOURCES, INC. 1 4.88% $11,542
    FIRST HOME MORTGAGE CORPORATION 1 5.63% $20,408

    The top Cambridge VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 11 VA loans originated. Their average total fees are $9,278, which is $5,460 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Cambridge VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,818), DHI MORTGAGE COMPANY, LTD. ($6,575), UNITED WHOLESALE MORTGAGE, LLC ($9,278), .

    The lowest rate Cambridge VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.51%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), Mortgage Research Center, LLC (6.70%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cambridge (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 $198,725 (14.9%) $317,188 (25.8%) 0.00 220
    2018-02-01 $197,425 (12.8%) $317,628 (23.1%) 0.00 227
    2018-03-01 $199,900 (7.4%) $322,018 (24.9%) 0.00 224
    2018-04-01 $205,000 (6.9%) $298,122 (2.0%) 0.00 233
    2018-05-01 $213,125 (10.6%) $300,307 (3.5%) 0.00 255
    2018-06-01 $219,900 (11.9%) $305,691 (4.6%) 0.00 263
    2018-07-01 $223,200 (11.6%) $307,313 (5.5%) 0.00 261
    2018-08-01 $222,375 (11.2%) $305,011 (6.0%) 0.00 265
    2018-09-01 $229,000 (4.6%) $279,072 (-14.5%) 0.00 255
    2018-10-01 $239,450 (8.3%) $300,188 (-7.2%) 0.00 246
    2018-11-01 $239,063 (19.5%) $325,500 (4.8%) 0.00 233
    2018-12-01 $225,000 (12.6%) $327,229 (4.6%) 0.00 221
    2019-01-01 $199,925 (0.6%) $310,954 (-2.0%) 0.00 202
    2019-02-01 $207,175 (4.9%) $313,085 (-1.4%) 0.00 212
    2019-03-01 $202,086 (1.1%) $306,970 (-4.7%) 0.00 223
    2019-04-01 $207,450 (1.2%) $300,148 (0.7%) 0.00 242
    2019-05-01 $213,725 (0.3%) $298,752 (-0.5%) 0.00 251
    2019-06-01 $229,000 (4.1%) $304,824 (-0.3%) 0.00 248
    2019-07-01 $229,000 (2.6%) $307,841 (0.2%) 0.00 249
    2019-08-01 $236,927 (6.5%) $308,385 (1.1%) 0.00 236
    2019-09-01 $232,468 (1.5%) $308,188 (10.4%) 0.00 228
    2019-10-01 $226,975 (-5.2%) $308,056 (2.6%) 0.00 224
    2019-11-01 $235,500 (-1.5%) $330,580 (1.6%) 0.00 219
    2019-12-01 $223,000 (-0.9%) $325,083 (-0.7%) 0.00 205
    2020-01-01 $216,000 (8.0%) $321,987 (3.6%) 0.00 193
    2020-02-01 $220,000 (6.2%) $321,593 (2.7%) 0.00 186
    2020-03-01 $231,175 (14.4%) $323,436 (5.4%) 0.00 201
    2020-04-01 $224,900 (8.4%) $308,739 (2.9%) 0.00 193
    2020-05-01 $224,900 (5.2%) $308,558 (3.3%) 0.00 185
    2020-06-01 $229,900 (0.4%) $323,327 (6.1%) 0.00 168
    2020-07-01 $239,000 (4.4%) $331,669 (7.7%) 0.00 144
    2020-08-01 $232,250 (-2.0%) $303,353 (-1.6%) 0.00 141
    2020-09-01 $207,175 (-10.9%) $294,984 (-4.3%) 0.00 137
    2020-10-01 $241,000 (6.2%) $408,997 (32.8%) 0.00 136
    2020-11-01 $236,495 (0.4%) $429,458 (29.9%) 0.00 132
    2020-12-01 $225,000 (0.9%) $456,950 (40.6%) 0.00 106
    2021-01-01 $237,990 (10.2%) $477,988 (48.5%) 0.00 91
    2021-02-01 $249,000 (13.2%) $511,079 (58.9%) 0.00 86
    2021-03-01 $247,400 (7.0%) $555,486 (71.8%) 0.00 75
    2021-04-01 $269,245 (19.7%) $572,563 (85.5%) 0.00 69
    2021-05-01 $302,495 (34.5%) $584,024 (89.3%) 0.00 82
    2021-06-01 $301,175 (31.0%) $591,931 (83.1%) 0.00 91
    2021-07-01 $289,900 (21.3%) $527,060 (58.9%) 0.00 113
    2021-08-01 $287,749 (23.9%) $461,459 (52.1%) 0.00 111
    2021-09-01 $299,800 (44.7%) $476,342 (61.5%) 0.00 111
    2021-10-01 $299,900 (24.4%) $358,503 (-12.4%) 0.00 110
    2021-11-01 $286,945 (21.3%) $373,144 (-13.1%) 0.00 115
    2021-12-01 $292,875 (30.2%) $360,323 (-21.2%) 0.00 110
    2022-01-01 $299,000 (25.6%) $359,368 (-24.8%) 0.00 90
    2022-02-01 $293,995 (18.1%) $336,017 (-34.3%) 0.00 80
    2022-03-01 $286,225 (15.7%) $331,858 (-40.3%) 0.00 100
    2022-04-01 $275,000 (2.1%) $323,218 (-43.6%) 0.00 117
    2022-05-01 $292,000 (-3.5%) $332,929 (-43.0%) 0.00 128
    2022-06-01 $283,998 (-5.7%) $327,337 (-44.7%) 0.00 136
    2022-07-01 $285,000 (-1.7%) $334,334 (-36.6%) 0.00 140
    2022-08-01 $274,723 (-4.5%) $339,991 (-26.3%) 0.00 147
    2022-09-01 $278,745 (-7.0%) $346,733 (-27.2%) 0.00 134
    2022-10-01 $283,990 (-5.3%) $410,293 (14.5%) 0.00 126
    2022-11-01 $280,000 (-2.4%) $365,246 (-2.1%) 0.00 126
    2022-12-01 $268,495 (-8.3%) $339,043 (-5.9%) 0.00 127
    2023-01-01 $269,473 (-9.9%) $362,851 (1.0%) 0.00 119
    2023-02-01 $269,743 (-8.3%) $355,320 (5.7%) 0.00 121
    2023-03-01 $290,475 (1.5%) $351,971 (6.1%) 0.00 115
    2023-04-01 $279,000 (1.5%) $382,358 (18.3%) 0.00 100
    2023-05-01 $297,748 (2.0%) $392,430 (17.9%) 0.00 106
    2023-06-01 $277,995 (-2.1%) $385,615 (17.8%) 0.00 112
    2023-07-01 $275,000 (-3.5%) $357,817 (7.0%) 0.00 120
    2023-08-01 $277,500 (1.0%) $388,181 (14.2%) 0.00 117
    2023-09-01 $259,990 (-6.7%) $335,263 (-3.3%) 0.00 127
    2023-10-01 $273,495 (-3.7%) $353,015 (-14.0%) 0.00 132
    2023-11-01 $277,500 (-0.9%) $348,740 (-4.5%) 0.00 138
    2023-12-01 $280,000 (4.3%) $341,607 (0.8%) 0.00 136
    2024-01-01 $282,250 (4.7%) $344,883 (-5.0%) 0.00 124
    2024-02-01 $291,473 (8.1%) $349,938 (-1.5%) 0.00 119
    2024-03-01 $284,950 (-1.9%) $356,043 (1.2%) 0.00 124
    2024-04-01 $298,295 (6.9%) $383,864 (0.4%) 0.00 119
    2024-05-01 $299,495 (0.6%) $396,641 (1.1%) 0.00 133
    2024-06-01 $299,990 (7.9%) $412,339 (6.9%) 0.00 144
    2024-07-01 $306,000 (11.3%) $386,714 (8.1%) 0.00 144
    2024-08-01 $309,000 (11.4%) $367,450 (-5.3%) 0.00 136
    2024-09-01 $309,495 (19.0%) $362,375 (8.1%) 0.00 150
    2024-10-01 $304,473 (11.3%) $365,586 (3.6%) 0.00 158
    2024-11-01 $298,250 (7.5%) $347,683 (-0.3%) 0.00 159
    2024-12-01 $299,800 (7.1%) $345,310 (1.1%) 0.00 148
    2025-01-01 $289,000 (2.4%) $329,881 (-4.4%) 0.00 141
    2025-02-01 $297,319 (2.0%) $333,096 (-4.8%) 0.00 143
    2025-03-01 $297,000 (4.2%) $342,487 (-3.8%) 0.00 143
    2025-04-01 $313,695 (5.2%) $388,921 (1.3%) 0.00 166
    2025-05-01 $314,900 (5.1%) $392,213 (-1.1%) 0.00 180
    2025-06-01 $307,920 (2.6%) $377,768 (-8.4%) 0.00 224
    Cambridge's median listing price for 2025-06-01 was $307,920, a difference of $7,930 (2.6%) versus the prior year and $-6,980 versus the prior month.

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

    Cambridge's average listing price for 2025-06-01 was $377,768, a difference of $-34,571 (-8.4%) versus the prior year and $-14,445 versus the prior month.

    For the 2025-06-01 period, Cambridge had 224 MLS listings, a difference of 44 listings (24%) versus the prior month and 80 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,711 sqft
    2018-02-01 0 days 1,692 sqft
    2018-03-01 0 days 1,705 sqft
    2018-04-01 0 days 1,734 sqft
    2018-05-01 0 days 1,711 sqft
    2018-06-01 0 days 1,696 sqft
    2018-07-01 0 days 1,698 sqft
    2018-08-01 0 days 1,679 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,767 sqft
    2018-11-01 0 days 1,757 sqft
    2018-12-01 0 days 1,792 sqft
    2019-01-01 0 days 1,736 sqft
    2019-02-01 0 days 1,744 sqft
    2019-03-01 0 days 1,725 sqft
    2019-04-01 0 days 1,715 sqft
    2019-05-01 0 days 1,680 sqft
    2019-06-01 0 days 1,713 sqft
    2019-07-01 0 days 1,709 sqft
    2019-08-01 0 days 1,728 sqft
    2019-09-01 0 days 1,733 sqft
    2019-10-01 0 days 1,732 sqft
    2019-11-01 0 days 1,762 sqft
    2019-12-01 0 days 1,718 sqft
    2020-01-01 0 days 1,708 sqft
    2020-02-01 0 days 1,720 sqft
    2020-03-01 0 days 1,782 sqft
    2020-04-01 0 days 1,739 sqft
    2020-05-01 0 days 1,739 sqft
    2020-06-01 0 days 1,734 sqft
    2020-07-01 0 days 1,751 sqft
    2020-08-01 0 days 1,720 sqft
    2020-09-01 0 days 1,669 sqft
    2020-10-01 0 days 1,743 sqft
    2020-11-01 0 days 1,700 sqft
    2020-12-01 0 days 1,658 sqft
    2021-01-01 0 days 1,720 sqft
    2021-02-01 0 days 1,740 sqft
    2021-03-01 0 days 1,721 sqft
    2021-04-01 0 days 1,638 sqft
    2021-05-01 0 days 1,812 sqft
    2021-06-01 0 days 1,724 sqft
    2021-07-01 0 days 1,724 sqft
    2021-08-01 0 days 1,679 sqft
    2021-09-01 0 days 1,638 sqft
    2021-10-01 0 days 1,639 sqft
    2021-11-01 0 days 1,609 sqft
    2021-12-01 0 days 1,643 sqft
    2022-01-01 0 days 1,654 sqft
    2022-02-01 0 days 1,564 sqft
    2022-03-01 0 days 1,556 sqft
    2022-04-01 0 days 1,596 sqft
    2022-05-01 0 days 1,579 sqft
    2022-06-01 0 days 1,586 sqft
    2022-07-01 0 days 1,664 sqft
    2022-08-01 0 days 1,605 sqft
    2022-09-01 0 days 1,586 sqft
    2022-10-01 0 days 1,596 sqft
    2022-11-01 0 days 1,674 sqft
    2022-12-01 0 days 1,676 sqft
    2023-01-01 0 days 1,713 sqft
    2023-02-01 0 days 1,567 sqft
    2023-03-01 0 days 1,592 sqft
    2023-04-01 0 days 1,560 sqft
    2023-05-01 0 days 1,619 sqft
    2023-06-01 0 days 1,682 sqft
    2023-07-01 0 days 1,578 sqft
    2023-08-01 0 days 1,565 sqft
    2023-09-01 0 days 1,530 sqft
    2023-10-01 0 days 1,576 sqft
    2023-11-01 0 days 1,574 sqft
    2023-12-01 0 days 1,568 sqft
    2024-01-01 0 days 1,539 sqft
    2024-02-01 0 days 1,537 sqft
    2024-03-01 0 days 1,508 sqft
    2024-04-01 0 days 1,562 sqft
    2024-05-01 0 days 1,584 sqft
    2024-06-01 0 days 1,648 sqft
    2024-07-01 0 days 1,696 sqft
    2024-08-01 0 days 1,684 sqft
    2024-09-01 0 days 1,667 sqft
    2024-10-01 0 days 1,658 sqft
    2024-11-01 0 days 1,662 sqft
    2024-12-01 0 days 1,611 sqft
    2025-01-01 0 days 1,568 sqft
    2025-02-01 0 days 1,571 sqft
    2025-03-01 0 days 1,557 sqft
    2025-04-01 0 days 1,623 sqft
    2025-05-01 0 days 1,610 sqft
    2025-06-01 0 days 1,578 sqft
    Cambridge's median listing age (time on market) for 2025-06-01 was 0 days.

    Cambridge's median square footage for active listings during the 2025-06-01 period was 1,578 sqft. One year prior, the average listing was 1,648 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.