Cambridge VA Loan Rates, Closing Costs & Stats
CAMBRIDGE-NEWTON-FRAMINGHAM, MA
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 VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Cambridge
averaged
0%
for the week of 2024-04-12, compared to the national average (all VA variants) of
6.574% for the same period.
Cambridge's average VA mortgage closing costs are $0.
The average rate for the prior week (2024-04-05) was
0% and
one month ago for the week of 2024-03-08, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2024-04-12, the average rate
was 0%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|
The lowest fee Cambridge VA lenders (with over 10 loans originated) are
.
The lowest rate Cambridge VA lenders (with over 10 loans originated) are
.
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 | $529,450 (6.0%) | $858,963 (4.0%) | 1.96 | 6,024 |
| 2018-02-01 | $543,925 (5.6%) | $875,791 (3.2%) | 1.97 | 6,008 |
| 2018-03-01 | $574,900 (6.5%) | $907,076 (4.8%) | 2.02 | 6,565 |
| 2018-04-01 | $579,900 (5.5%) | $900,058 (2.9%) | 1.97 | 7,726 |
| 2018-05-01 | $584,950 (6.2%) | $896,235 (3.6%) | 1.95 | 8,781 |
| 2018-06-01 | $579,000 (5.3%) | $876,303 (2.5%) | 1.93 | 10,206 |
| 2018-07-01 | $559,450 (1.9%) | $857,166 (1.9%) | 1.87 | 10,104 |
| 2018-08-01 | $549,250 (3.6%) | $825,147 (0.4%) | 1.84 | 10,159 |
| 2018-09-01 | $549,900 (3.8%) | $806,934 (-1.4%) | 1.85 | 11,372 |
| 2018-10-01 | $549,000 (1.7%) | $799,585 (-3.4%) | 1.86 | 11,626 |
| 2018-11-01 | $539,450 (-0.1%) | $798,226 (-3.9%) | 1.83 | 10,956 |
| 2018-12-01 | $535,000 (1.1%) | $798,662 (-5.6%) | 1.85 | 8,824 |
| 2019-01-01 | $533,900 (0.8%) | $806,251 (-6.1%) | 1.84 | 7,542 |
| 2019-02-01 | $549,450 (1.0%) | $851,143 (-2.8%) | 1.86 | 7,336 |
| 2019-03-01 | $571,386 (-0.6%) | $884,062 (-2.5%) | 1.87 | 8,059 |
| 2019-04-01 | $599,900 (3.5%) | $914,562 (1.6%) | 1.90 | 8,915 |
| 2019-05-01 | $602,450 (3.0%) | $922,731 (3.0%) | 1.88 | 9,950 |
| 2019-06-01 | $599,900 (3.6%) | $918,784 (4.9%) | 1.87 | 11,096 |
| 2019-07-01 | $599,900 (7.2%) | $910,775 (6.3%) | 1.88 | 10,604 |
| 2019-08-01 | $595,643 (8.5%) | $898,138 (8.9%) | 1.89 | 10,685 |
| 2019-09-01 | $589,259 (7.2%) | $887,066 (9.9%) | 1.89 | 10,878 |
| 2019-10-01 | $587,806 (7.1%) | $889,481 (11.2%) | 1.90 | 11,006 |
| 2019-11-01 | $589,900 (9.4%) | $915,321 (14.7%) | 1.93 | 9,635 |
| 2019-12-01 | $589,450 (10.2%) | $917,211 (14.8%) | 1.97 | 7,007 |
| 2020-01-01 | $586,600 (9.9%) | $930,603 (15.4%) | 1.96 | 5,779 |
| 2020-02-01 | $599,900 (9.2%) | $971,896 (14.2%) | 1.96 | 5,750 |
| 2020-03-01 | $629,900 (10.2%) | $980,367 (10.9%) | 1.97 | 6,617 |
| 2020-04-01 | $617,450 (2.9%) | $945,955 (3.4%) | 1.93 | 6,435 |
| 2020-05-01 | $629,900 (4.6%) | $945,400 (2.5%) | 1.91 | 7,200 |
| 2020-06-01 | $656,699 (9.5%) | $1,002,177 (9.1%) | 1.93 | 7,782 |
| 2020-07-01 | $677,000 (12.9%) | $1,036,335 (13.8%) | 1.96 | 7,395 |
| 2020-08-01 | $675,000 (13.3%) | $1,042,698 (16.1%) | 1.93 | 7,191 |
| 2020-09-01 | $672,500 (14.1%) | $1,038,799 (17.1%) | 1.93 | 7,579 |
| 2020-10-01 | $665,000 (13.1%) | $1,033,141 (16.2%) | 1.91 | 7,944 |
| 2020-11-01 | $654,450 (10.9%) | $1,028,460 (12.4%) | 1.91 | 7,085 |
| 2020-12-01 | $647,450 (9.8%) | $1,004,412 (9.5%) | 1.93 | 5,301 |
| 2021-01-01 | $659,000 (12.3%) | $1,075,330 (15.6%) | 1.97 | 4,099 |
| 2021-02-01 | $679,450 (13.3%) | $1,128,313 (16.1%) | 1.98 | 3,872 |
| 2021-03-01 | $682,250 (8.3%) | $1,144,108 (16.7%) | 1.94 | 4,267 |
| 2021-04-01 | $694,000 (12.4%) | $1,179,014 (24.6%) | 1.88 | 4,773 |
| 2021-05-01 | $699,800 (11.1%) | $1,180,392 (24.9%) | 1.86 | 4,879 |
| 2021-06-01 | $697,225 (6.2%) | $1,144,455 (14.2%) | 1.84 | 5,738 |
| 2021-07-01 | $669,900 (-1.1%) | $1,113,575 (7.5%) | 1.77 | 5,674 |
| 2021-08-01 | $650,000 (-3.7%) | $1,075,177 (3.1%) | 1.73 | 5,574 |
| 2021-09-01 | $671,000 (-0.2%) | $1,055,466 (1.6%) | 1.79 | 6,019 |
| 2021-10-01 | $679,000 (2.1%) | $1,062,835 (2.9%) | 1.81 | 5,929 |
| 2021-11-01 | $674,577 (3.1%) | $1,073,504 (4.4%) | 1.80 | 4,935 |
| 2021-12-01 | $692,000 (6.9%) | $1,141,128 (13.6%) | 1.87 | 3,501 |
| 2022-01-01 | $715,000 (8.5%) | $1,220,127 (13.5%) | 1.93 | 2,675 |
| 2022-02-01 | $749,000 (10.2%) | $1,237,957 (9.7%) | 1.95 | 2,637 |
| 2022-03-01 | $749,450 (9.9%) | $1,254,177 (9.6%) | 1.88 | 2,991 |
| 2022-04-01 | $749,450 (8.0%) | $1,243,532 (5.5%) | 1.79 | 3,701 |
| 2022-05-01 | $757,500 (8.3%) | $1,242,269 (5.2%) | 1.73 | 4,474 |
| 2022-06-01 | $750,000 (7.6%) | $1,172,907 (2.5%) | 1.67 | 5,715 |
| 2022-07-01 | $739,900 (10.5%) | $1,110,707 (-0.3%) | 1.67 | 6,177 |
| 2022-08-01 | $725,000 (11.5%) | $1,108,059 (3.1%) | 1.68 | 5,759 |
| 2022-09-01 | $744,000 (10.9%) | $1,144,989 (8.5%) | 1.74 | 5,913 |
| 2022-10-01 | $749,000 (10.3%) | $1,169,410 (10.0%) | 1.76 | 6,223 |
| 2022-11-01 | $744,925 (10.4%) | $1,176,768 (9.6%) | 1.79 | 5,903 |
| 2022-12-01 | $749,000 (8.2%) | $1,199,762 (5.1%) | 1.85 | 4,407 |
| 2023-01-01 | $759,450 (6.2%) | $1,238,021 (1.5%) | 1.88 | 3,697 |
| 2023-02-01 | $799,000 (6.7%) | $1,345,477 (8.7%) | 1.93 | 3,433 |
| 2023-03-01 | $823,500 (9.9%) | $1,387,500 (10.6%) | 1.94 | 3,705 |
| 2023-04-01 | $839,000 (12.0%) | $1,422,134 (14.4%) | 1.95 | 4,059 |
| 2023-05-01 | $867,125 (14.5%) | $1,444,230 (16.3%) | 1.97 | 4,314 |
| 2023-06-01 | $866,443 (15.5%) | $1,425,311 (21.5%) | 1.95 | 4,806 |
| 2023-07-01 | $849,900 (14.9%) | $1,434,805 (29.2%) | 1.93 | 4,538 |
| 2023-08-01 | $844,200 (16.4%) | $1,418,399 (28.0%) | 1.94 | 4,530 |
| 2023-09-01 | $849,000 (14.1%) | $1,420,742 (24.1%) | 1.98 | 4,931 |
| 2023-10-01 | $837,374 (11.8%) | $1,400,665 (19.8%) | 1.97 | 5,351 |
| 2023-11-01 | $824,500 (10.7%) | $1,383,873 (17.6%) | 1.96 | 5,205 |
| 2023-12-01 | $800,000 (6.8%) | $1,388,573 (15.7%) | 1.95 | 4,062 |
| 2024-01-01 | $809,900 (6.6%) | $1,405,646 (13.5%) | 1.98 | 3,369 |
| 2024-02-01 | $854,450 (6.9%) | $1,496,024 (11.2%) | 2.06 | 3,319 |
| 2024-03-01 | $879,950 (6.9%) | $1,528,390 (10.2%) | 2.07 | 3,737 |
Cambridge's median listing price comes in at 207% of the national average.
Cambridge's average listing price for 2024-03-01 was $1,528,390, a difference of $140,890 (10.2%) versus the prior year and $32,366 versus the prior month.
For the 2024-03-01 period, Cambridge had 3,737 MLS listings, a difference of 418 listings (13%) versus the prior month and 32 listings (1%) 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 | 73 days | 2,007 sqft |
| 2018-02-01 | 57 days | 2,025 sqft |
| 2018-03-01 | 36 days | 2,061 sqft |
| 2018-04-01 | 29 days | 2,042 sqft |
| 2018-05-01 | 28 days | 2,056 sqft |
| 2018-06-01 | 32 days | 2,045 sqft |
| 2018-07-01 | 41 days | 2,034 sqft |
| 2018-08-01 | 46 days | 2,012 sqft |
| 2018-09-01 | 44 days | 1,989 sqft |
| 2018-10-01 | 44 days | 1,967 sqft |
| 2018-11-01 | 51 days | 1,947 sqft |
| 2018-12-01 | 65 days | 1,937 sqft |
| 2019-01-01 | 71 days | 1,907 sqft |
| 2019-02-01 | 56 days | 1,925 sqft |
| 2019-03-01 | 41 days | 1,973 sqft |
| 2019-04-01 | 32 days | 2,025 sqft |
| 2019-05-01 | 32 days | 2,045 sqft |
| 2019-06-01 | 37 days | 2,054 sqft |
| 2019-07-01 | 47 days | 2,037 sqft |
| 2019-08-01 | 49 days | 2,020 sqft |
| 2019-09-01 | 47 days | 1,998 sqft |
| 2019-10-01 | 45 days | 1,983 sqft |
| 2019-11-01 | 55 days | 1,981 sqft |
| 2019-12-01 | 75 days | 1,932 sqft |
| 2020-01-01 | 78 days | 1,909 sqft |
| 2020-02-01 | 43 days | 1,959 sqft |
| 2020-03-01 | 31 days | 2,000 sqft |
| 2020-04-01 | 45 days | 1,996 sqft |
| 2020-05-01 | 50 days | 2,000 sqft |
| 2020-06-01 | 31 days | 1,967 sqft |
| 2020-07-01 | 35 days | 1,890 sqft |
| 2020-08-01 | 37 days | 1,844 sqft |
| 2020-09-01 | 32 days | 1,733 sqft |
| 2020-10-01 | 31 days | 1,692 sqft |
| 2020-11-01 | 47 days | 1,667 sqft |
| 2020-12-01 | 62 days | 1,652 sqft |
| 2021-01-01 | 60 days | 1,639 sqft |
| 2021-02-01 | 33 days | 1,652 sqft |
| 2021-03-01 | 22 days | 1,664 sqft |
| 2021-04-01 | 18 days | 1,668 sqft |
| 2021-05-01 | 19 days | 1,693 sqft |
| 2021-06-01 | 19 days | 1,711 sqft |
| 2021-07-01 | 29 days | 1,711 sqft |
| 2021-08-01 | 31 days | 1,710 sqft |
| 2021-09-01 | 28 days | 1,685 sqft |
| 2021-10-01 | 30 days | 1,656 sqft |
| 2021-11-01 | 38 days | 1,630 sqft |
| 2021-12-01 | 49 days | 1,649 sqft |
| 2022-01-01 | 54 days | 1,650 sqft |
| 2022-02-01 | 25 days | 1,663 sqft |
| 2022-03-01 | 18 days | 1,673 sqft |
| 2022-04-01 | 15 days | 1,685 sqft |
| 2022-05-01 | 16 days | 1,788 sqft |
| 2022-06-01 | 18 days | 1,813 sqft |
| 2022-07-01 | 26 days | 1,825 sqft |
| 2022-08-01 | 35 days | 1,832 sqft |
| 2022-09-01 | 34 days | 1,815 sqft |
| 2022-10-01 | 31 days | 1,813 sqft |
| 2022-11-01 | 41 days | 1,804 sqft |
| 2022-12-01 | 58 days | 1,836 sqft |
| 2023-01-01 | 61 days | 1,840 sqft |
| 2023-02-01 | 37 days | 1,861 sqft |
| 2023-03-01 | 28 days | 1,860 sqft |
| 2023-04-01 | 25 days | 1,849 sqft |
| 2023-05-01 | 23 days | 1,919 sqft |
| 2023-06-01 | 24 days | 1,911 sqft |
| 2023-07-01 | 36 days | 1,896 sqft |
| 2023-08-01 | 37 days | 1,900 sqft |
| 2023-09-01 | 31 days | 1,908 sqft |
| 2023-10-01 | 32 days | 1,879 sqft |
| 2023-11-01 | 38 days | 1,868 sqft |
| 2023-12-01 | 53 days | 1,835 sqft |
| 2024-01-01 | 53 days | 1,814 sqft |
| 2024-02-01 | 33 days | 1,838 sqft |
| 2024-03-01 | 24 days | 1,830 sqft |
Cambridge's median square footage for active listings during the 2024-03-01 period was 1,830 sqft. One year prior, the average listing was 1,860 sqft.