Camden VA Loans
CAMDEN, NJ
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 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.
Camden's 173 lenders originated 3,908 VA loans during 2021. The total origination value was $1,064,650,000, with an average VA loan value of $272,428.
Camden VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Camden
averaged
4.74%
for the week of 2022-03-25, compared to the national average (all VA variants) of
4.399% for the same period.
The average rate for the prior week (2022-03-18) was
4.52% and
one month ago for the week of 2022-02-18, the
average rate was 4.14%.
The average rate one year ago was 3.11%.
For refis of the same type during the week of 2022-03-25, the average rate
was 4.47%.
Camden VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Camden level.
The top Camden VA lender as defined by loan originations is Mortgage Research Center, LLC, with
367 VA loans originated. Their average total fees are
$7,090, which is $2,129
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Camden VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,987), FREEDOM MORTGAGE CORPORATION ($3,181), PENTAGON FEDERAL CREDIT UNION ($3,330), Lakeview Community Capital, LLC ($3,429) and VILLAGE CAPITAL & INVESTMENT LLC ($3,461).
The lowest rate Camden VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.10%), NP, Inc. (2.28%), CLEARPATH LENDING (2.37%), Low VA Rates, LLC (2.39%) and VILLAGE CAPITAL & INVESTMENT LLC (2.41%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Camden (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $229,995 (5.0%) | $343,281 (3.3%) | 0.85 | 20,339 |
2018-02-01 | $237,000 (7.8%) | $345,647 (2.3%) | 0.85 | 20,590 |
2018-03-01 | $240,000 (4.7%) | $355,764 (2.7%) | 0.83 | 19,886 |
2018-04-01 | $249,950 (6.4%) | $369,050 (3.8%) | 0.84 | 20,785 |
2018-05-01 | $264,500 (8.0%) | $383,010 (5.4%) | 0.88 | 21,602 |
2018-06-01 | $269,000 (8.1%) | $388,456 (5.5%) | 0.90 | 22,210 |
2018-07-01 | $269,450 (7.8%) | $387,880 (6.1%) | 0.90 | 22,358 |
2018-08-01 | $262,450 (5.7%) | $382,698 (6.2%) | 0.88 | 22,361 |
2018-09-01 | $262,000 (6.1%) | $382,055 (5.6%) | 0.88 | 22,688 |
2018-10-01 | $264,950 (6.0%) | $382,170 (4.5%) | 0.89 | 23,033 |
2018-11-01 | $263,522 (8.7%) | $379,513 (7.4%) | 0.88 | 22,287 |
2018-12-01 | $254,900 (7.5%) | $373,201 (7.6%) | 0.87 | 20,457 |
2019-01-01 | $249,900 (8.7%) | $363,923 (6.0%) | 0.86 | 18,903 |
2019-02-01 | $251,500 (6.1%) | $368,398 (6.6%) | 0.84 | 18,647 |
2019-03-01 | $265,286 (10.5%) | $383,560 (7.8%) | 0.86 | 19,042 |
2019-04-01 | $275,000 (10.0%) | $395,831 (7.3%) | 0.87 | 19,536 |
2019-05-01 | $287,950 (8.9%) | $406,697 (6.2%) | 0.89 | 20,302 |
2019-06-01 | $289,900 (7.8%) | $408,518 (5.2%) | 0.89 | 20,743 |
2019-07-01 | $287,000 (6.5%) | $406,737 (4.9%) | 0.89 | 20,591 |
2019-08-01 | $289,286 (10.2%) | $409,485 (7.0%) | 0.91 | 19,629 |
2019-09-01 | $297,000 (13.4%) | $421,214 (10.3%) | 0.94 | 18,514 |
2019-10-01 | $299,000 (12.9%) | $428,117 (12.0%) | 0.95 | 18,561 |
2019-11-01 | $295,000 (12.0%) | $423,999 (11.7%) | 0.95 | 17,530 |
2019-12-01 | $287,604 (12.8%) | $422,320 (13.2%) | 0.96 | 15,078 |
2020-01-01 | $285,000 (14.1%) | $420,342 (15.5%) | 0.95 | 13,657 |
2020-02-01 | $291,900 (16.1%) | $433,129 (17.6%) | 0.94 | 13,176 |
2020-03-01 | $299,950 (13.1%) | $447,228 (16.6%) | 0.94 | 13,245 |
2020-04-01 | $299,900 (9.1%) | $445,648 (12.6%) | 0.93 | 11,986 |
2020-05-01 | $311,131 (8.1%) | $454,994 (11.9%) | 0.94 | 12,462 |
2020-06-01 | $327,450 (13.0%) | $475,821 (16.5%) | 0.96 | 12,455 |
2020-07-01 | $339,950 (18.5%) | $496,733 (22.1%) | 0.97 | 11,429 |
2020-08-01 | $342,900 (18.5%) | $506,456 (23.7%) | 0.98 | 10,834 |
2020-09-01 | $343,032 (15.5%) | $510,361 (21.2%) | 0.98 | 10,799 |
2020-10-01 | $349,000 (16.7%) | $516,866 (20.7%) | 1.00 | 10,808 |
2020-11-01 | $339,500 (15.1%) | $512,902 (21.0%) | 0.97 | 10,399 |
2020-12-01 | $327,000 (13.7%) | $505,018 (19.6%) | 0.96 | 9,091 |
2021-01-01 | $324,000 (13.7%) | $507,994 (20.9%) | 0.95 | 7,911 |
2021-02-01 | $322,450 (10.5%) | $518,908 (19.8%) | 0.93 | 7,113 |
2021-03-01 | $325,000 (8.4%) | $529,998 (18.5%) | 0.91 | 7,227 |
2021-04-01 | $339,450 (13.2%) | $546,861 (22.7%) | 0.91 | 7,574 |
2021-05-01 | $339,900 (9.3%) | $526,530 (15.7%) | 0.89 | 8,161 |
2021-06-01 | $334,900 (2.3%) | $504,213 (6.0%) | 0.87 | 9,826 |
2021-07-01 | $325,000 (-4.4%) | $490,693 (-1.2%) | 0.84 | 10,530 |
2021-08-01 | $320,000 (-6.7%) | $473,091 (-6.6%) | 0.84 | 10,911 |
2021-09-01 | $319,950 (-6.7%) | $470,053 (-7.9%) | 0.84 | 10,970 |
2021-10-01 | $319,999 (-8.3%) | $472,739 (-8.5%) | 0.84 | 10,623 |
2021-11-01 | $312,450 (-8.0%) | $472,371 (-7.9%) | 0.82 | 9,729 |
2021-12-01 | $299,950 (-8.3%) | $468,154 (-7.3%) | 0.80 | 8,358 |
2022-01-01 | $299,900 (-7.4%) | $479,692 (-5.6%) | 0.80 | 6,917 |
Camden's median listing price comes in at 80% of the national average.
Camden's average listing price for 2022-01-01 was $479,692, a difference of $-28,302 (-5.6%) versus the prior year and $11,538 versus the prior month.
For the 2022-01-01 period, Camden had 6,917 MLS listings, a difference of -1,441 listings (-17%) versus the prior month and -994 listings (-13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Camden (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 87 days | 1,700 sqft |
2018-02-01 | 80 days | 1,702 sqft |
2018-03-01 | 59 days | 1,714 sqft |
2018-04-01 | 55 days | 1,749 sqft |
2018-05-01 | 52 days | 1,795 sqft |
2018-06-01 | 53 days | 1,820 sqft |
2018-07-01 | 60 days | 1,824 sqft |
2018-08-01 | 63 days | 1,803 sqft |
2018-09-01 | 64 days | 1,800 sqft |
2018-10-01 | 64 days | 1,800 sqft |
2018-11-01 | 66 days | 1,800 sqft |
2018-12-01 | 75 days | 1,780 sqft |
2019-01-01 | 83 days | 1,806 sqft |
2019-02-01 | 79 days | 1,853 sqft |
2019-03-01 | 57 days | 1,853 sqft |
2019-04-01 | 49 days | 1,853 sqft |
2019-05-01 | 48 days | 1,878 sqft |
2019-06-01 | 52 days | 1,884 sqft |
2019-07-01 | 59 days | 1,860 sqft |
2019-08-01 | 63 days | 1,864 sqft |
2019-09-01 | 63 days | 1,892 sqft |
2019-10-01 | 61 days | 1,890 sqft |
2019-11-01 | 64 days | 1,853 sqft |
2019-12-01 | 75 days | 1,832 sqft |
2020-01-01 | 82 days | 1,800 sqft |
2020-02-01 | 69 days | 1,825 sqft |
2020-03-01 | 49 days | 1,849 sqft |
2020-04-01 | 62 days | 1,831 sqft |
2020-05-01 | 73 days | 1,864 sqft |
2020-06-01 | 59 days | 1,885 sqft |
2020-07-01 | 46 days | 1,879 sqft |
2020-08-01 | 45 days | 1,850 sqft |
2020-09-01 | 43 days | 1,797 sqft |
2020-10-01 | 48 days | 1,786 sqft |
2020-11-01 | 52 days | 1,745 sqft |
2020-12-01 | 61 days | 1,688 sqft |
2021-01-01 | 70 days | 1,643 sqft |
2021-02-01 | 65 days | 1,618 sqft |
2021-03-01 | 48 days | 1,628 sqft |
2021-04-01 | 40 days | 1,663 sqft |
2021-05-01 | 38 days | 1,680 sqft |
2021-06-01 | 37 days | 1,671 sqft |
2021-07-01 | 41 days | 1,655 sqft |
2021-08-01 | 43 days | 1,625 sqft |
2021-09-01 | 47 days | 1,605 sqft |
2021-10-01 | 49 days | 1,598 sqft |
2021-11-01 | 51 days | 1,558 sqft |
2021-12-01 | 58 days | 1,533 sqft |
2022-01-01 | 65 days | 1,508 sqft |
Camden's median square footage for active listings during the 2022-01-01 period was 1,508 sqft. One year prior, the average listing was 1,643 sqft.