Carbondale VA Loan Rates, Closing Costs & Stats

CARBONDALE-MARION, IL

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.

Carbondale's 40 lenders originated 153 VA loans during 2023. The total origination value was $31,765,000, with an average VA loan value of $207,614.

Carbondale VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Carbondale averaged 6.59% for the week of 2024-06-14, compared to the national average (all VA variants) of 6.423% for the same period.

Carbondale's average VA mortgage closing costs are $4,314.

The average rate for the prior week (2024-06-07) was 6.86% and one month ago for the week of 2024-05-10, the average rate was 7.07%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.52%.

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

Carbondale 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 Carbondale level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 43 6.66% $4,268
U.S. Bank 10 7.01% $7,102
GUARANTEED RATE, INC. 10 6.45% $5,488
USAA Federal Savings Bank 9 6.33% $3,728
GUILD MORTGAGE COMPANY 9 6.60% $5,241
NAVY FEDERAL CREDIT UNION 8 5.86% $6,330
GERSHMAN INVESTMENT CORP. 7 7.11% $5,419
FLAT BRANCH MORTGAGE, INC. 5 6.80% $3,975
Flagstar Bank, FSB 4 6.50% $3,605
ROYAL UNITED MORTGAGE LLC 4 6.78% $9,473
The Federal Savings Bank 3 6.00% $14,540
BROKER SOLUTIONS, INC. 2 6.68% $4,344
FREEDOM MORTGAGE CORPORATION 2 6.00% $16,020
NEW DAY FINANCIAL, LLC 2 7.12% $6,519
PENNYMAC LOAN SERVICES, LLC 2 6.94% $6,478
Peoples National Bank , N.A. 2 5.56% $10,129
Equity Prime Mortgage LLC 2 7.13% $6,969
Barrington Bank & Trust Company, N.A. 2 6.00% $7,324
UNITED WHOLESALE MORTGAGE, LLC 2 6.00% $6,034
PLANET HOME LENDING, LLC 1 6.38% $6,229
QUICKEN LOANS, LLC 1 6.49% $5,170
Regions Bank 1 5.63% $6,860
Servion, Inc. 1 7.00% $2,947
Ameris Bank 1 6.13% $4,233
AMERISAVE MORTGAGE CORPORATION 1 5.88% $5,222
Arvest Bank 1 5.50% $3,581
BNC National Bank 1 5.00% $5,972
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $3,840
ENDEAVOR CAPITAL, LLC. 1 6.99% $5,036
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $933
FAIR WAY LENDING LLC 1 7.75% $5,432
Fifth Third Bank 1 7.13% $1,365
First Federal Bank 1 6.63% $1,963
FirstTrust Home Loans, Inc. 1 7.75% $1,007
AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $1,919
HOMESIDE FINANCIAL, LLC 1 6.13% $7,361
Magnolia Bank 1 6.75% $12,519
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $2,865
Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $4,979
NBKC BANK 1 6.38% $8,765

The top Carbondale VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $4,268, which is $2,834 lower than the next largest lender, U.S. Bank.

The lowest fee Carbondale VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,268), GUARANTEED RATE, INC. ($5,488), U.S. Bank ($7,102), .

The lowest rate Carbondale VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (6.45%), Mortgage Research Center, LLC (6.66%), U.S. Bank (7.01%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Carbondale (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 $123,200 (4.0%) $156,992 (1.8%) 0.00 804
2018-02-01 $124,400 (3.7%) $160,139 (2.0%) 0.00 805
2018-03-01 $124,450 (3.8%) $157,953 (0.1%) 0.00 843
2018-04-01 $125,750 (-2.5%) $160,042 (-3.2%) 0.00 857
2018-05-01 $125,750 (-2.8%) $162,141 (-2.2%) 0.00 860
2018-06-01 $126,000 (-2.4%) $161,727 (-2.1%) 0.00 866
2018-07-01 $124,900 (-3.9%) $160,050 (-3.8%) 0.00 868
2018-08-01 $123,250 (-5.1%) $157,140 (-5.1%) 0.00 868
2018-09-01 $124,500 (-4.2%) $158,124 (-4.7%) 0.00 879
2018-10-01 $119,950 (-7.7%) $156,407 (-5.2%) 0.00 875
2018-11-01 $119,700 (-7.5%) $154,555 (-5.2%) 0.00 849
2018-12-01 $119,900 (-3.3%) $153,953 (-2.8%) 0.00 823
2019-01-01 $116,100 (-5.8%) $152,044 (-3.2%) 0.00 783
2019-02-01 $116,750 (-6.2%) $152,233 (-4.9%) 0.00 772
2019-03-01 $119,143 (-4.3%) $155,624 (-1.5%) 0.00 768
2019-04-01 $119,900 (-4.7%) $157,857 (-1.4%) 0.00 773
2019-05-01 $119,700 (-4.8%) $159,023 (-1.9%) 0.00 793
2019-06-01 $119,900 (-4.8%) $157,188 (-2.8%) 0.00 811
2019-07-01 $119,961 (-4.0%) $155,936 (-2.6%) 0.00 838
2019-08-01 $119,927 (-2.7%) $154,351 (-1.8%) 0.00 828
2019-09-01 $119,968 (-3.6%) $153,264 (-3.1%) 0.00 819
2019-10-01 $121,500 (1.3%) $152,756 (-2.3%) 0.00 809
2019-11-01 $124,900 (4.3%) $152,525 (-1.3%) 0.00 783
2019-12-01 $118,950 (-0.8%) $148,368 (-3.6%) 0.00 744
2020-01-01 $115,250 (-0.7%) $149,076 (-2.0%) 0.00 703
2020-02-01 $117,400 (0.6%) $148,284 (-2.6%) 0.00 719
2020-03-01 $118,950 (-0.2%) $152,852 (-1.8%) 0.00 718
2020-04-01 $118,200 (-1.4%) $150,218 (-4.8%) 0.00 711
2020-05-01 $119,900 (0.2%) $154,721 (-2.7%) 0.00 672
2020-06-01 $116,725 (-2.7%) $148,199 (-5.7%) 0.00 624
2020-07-01 $119,250 (-0.6%) $152,145 (-2.4%) 0.00 567
2020-08-01 $114,900 (-4.2%) $150,892 (-2.2%) 0.00 543
2020-09-01 $114,700 (-4.4%) $155,961 (1.8%) 0.00 517
2020-10-01 $115,000 (-5.4%) $156,797 (2.7%) 0.00 478
2020-11-01 $116,575 (-6.7%) $155,591 (2.0%) 0.00 451
2020-12-01 $110,975 (-6.7%) $152,755 (3.0%) 0.00 431
2021-01-01 $110,000 (-4.6%) $155,848 (4.5%) 0.00 392
2021-02-01 $107,338 (-8.6%) $160,548 (8.3%) 0.00 321
2021-03-01 $116,300 (-2.2%) $167,891 (9.8%) 0.00 297
2021-04-01 $119,438 (1.1%) $176,612 (17.6%) 0.00 273
2021-05-01 $114,900 (-4.2%) $173,943 (12.4%) 0.00 274
2021-06-01 $115,600 (-1.0%) $181,918 (22.8%) 0.00 280
2021-07-01 $109,950 (-7.8%) $179,621 (18.1%) 0.00 291
2021-08-01 $102,650 (-10.7%) $183,159 (21.4%) 0.00 282
2021-09-01 $111,950 (-2.4%) $194,770 (24.9%) 0.00 299
2021-10-01 $117,500 (2.2%) $205,965 (31.4%) 0.00 293
2021-11-01 $93,000 (-20.2%) $200,383 (28.8%) 0.00 280
2021-12-01 $99,250 (-10.6%) $191,241 (25.2%) 0.00 291
2022-01-01 $91,000 (-17.3%) $176,813 (13.5%) 0.00 290
2022-02-01 $74,900 (-30.2%) $161,139 (0.4%) 0.00 314
2022-03-01 $95,625 (-17.8%) $193,472 (15.2%) 0.00 229
2022-04-01 $119,900 (0.4%) $221,434 (25.4%) 0.00 225
2022-05-01 $122,475 (6.6%) $226,793 (30.4%) 0.00 227
2022-06-01 $124,450 (7.7%) $222,220 (22.2%) 0.00 246
2022-07-01 $131,450 (19.6%) $218,733 (21.8%) 0.00 286
2022-08-01 $129,600 (26.3%) $210,562 (15.0%) 0.00 301
2022-09-01 $129,900 (16.0%) $214,514 (10.1%) 0.00 294
2022-10-01 $124,900 (6.3%) $196,136 (-4.8%) 0.00 315
2022-11-01 $125,875 (35.4%) $201,447 (0.5%) 0.00 332
2022-12-01 $123,000 (23.9%) $208,841 (9.2%) 0.00 302
2023-01-01 $129,600 (42.4%) $215,286 (21.8%) 0.00 283
2023-02-01 $129,900 (73.4%) $224,804 (39.5%) 0.00 240
2023-03-01 $129,925 (35.9%) $227,854 (17.8%) 0.00 216
2023-04-01 $135,000 (12.6%) $241,054 (8.9%) 0.00 218
2023-05-01 $130,700 (6.7%) $244,516 (7.8%) 0.00 224
2023-06-01 $152,450 (22.5%) $262,759 (18.2%) 0.00 225
2023-07-01 $169,000 (28.6%) $269,247 (23.1%) 0.00 241
2023-08-01 $152,825 (17.9%) $248,580 (18.1%) 0.00 253
2023-09-01 $157,500 (21.3%) $244,725 (14.1%) 0.00 273
2023-10-01 $149,900 (20.0%) $239,489 (22.1%) 0.00 277
2023-11-01 $157,750 (25.3%) $237,504 (17.9%) 0.00 275
2023-12-01 $148,000 (20.3%) $222,529 (6.6%) 0.00 276
2024-01-01 $139,000 (7.3%) $217,630 (1.1%) 0.00 276
2024-02-01 $137,750 (6.0%) $216,800 (-3.6%) 0.00 295
2024-03-01 $132,450 (1.9%) $216,537 (-5.0%) 0.00 281
2024-04-01 $137,975 (2.2%) $222,906 (-7.5%) 0.00 293
2024-05-01 $147,100 (12.6%) $225,214 (-7.9%) 0.00 293
Carbondale's median listing price for 2024-05-01 was $147,100, a difference of $16,400 (12.6%) versus the prior year and $9,125 versus the prior month.

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

Carbondale's average listing price for 2024-05-01 was $225,214, a difference of $-19,302 (-7.9%) versus the prior year and $2,308 versus the prior month.

For the 2024-05-01 period, Carbondale had 293 MLS listings, a difference of 0 listings (0%) versus the prior month and 69 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Carbondale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,696 sqft
2018-02-01 0 days 1,690 sqft
2018-03-01 0 days 1,700 sqft
2018-04-01 0 days 1,717 sqft
2018-05-01 0 days 1,728 sqft
2018-06-01 0 days 1,728 sqft
2018-07-01 0 days 1,700 sqft
2018-08-01 0 days 1,677 sqft
2018-09-01 0 days 1,700 sqft
2018-10-01 0 days 1,683 sqft
2018-11-01 0 days 1,699 sqft
2018-12-01 0 days 1,673 sqft
2019-01-01 0 days 1,651 sqft
2019-02-01 0 days 1,632 sqft
2019-03-01 0 days 1,653 sqft
2019-04-01 0 days 1,680 sqft
2019-05-01 0 days 1,685 sqft
2019-06-01 0 days 1,664 sqft
2019-07-01 0 days 1,667 sqft
2019-08-01 0 days 1,642 sqft
2019-09-01 0 days 1,630 sqft
2019-10-01 0 days 1,621 sqft
2019-11-01 0 days 1,617 sqft
2019-12-01 0 days 1,600 sqft
2020-01-01 0 days 1,599 sqft
2020-02-01 0 days 1,570 sqft
2020-03-01 0 days 1,600 sqft
2020-04-01 0 days 1,594 sqft
2020-05-01 0 days 1,600 sqft
2020-06-01 0 days 1,591 sqft
2020-07-01 0 days 1,603 sqft
2020-08-01 0 days 1,540 sqft
2020-09-01 0 days 1,557 sqft
2020-10-01 0 days 1,550 sqft
2020-11-01 0 days 1,565 sqft
2020-12-01 0 days 1,500 sqft
2021-01-01 0 days 1,498 sqft
2021-02-01 0 days 1,491 sqft
2021-03-01 0 days 1,501 sqft
2021-04-01 0 days 1,548 sqft
2021-05-01 0 days 1,550 sqft
2021-06-01 0 days 1,559 sqft
2021-07-01 0 days 1,509 sqft
2021-08-01 0 days 1,517 sqft
2021-09-01 0 days 1,503 sqft
2021-10-01 0 days 1,545 sqft
2021-11-01 0 days 1,413 sqft
2021-12-01 0 days 1,418 sqft
2022-01-01 0 days 1,402 sqft
2022-02-01 0 days 1,263 sqft
2022-03-01 0 days 1,360 sqft
2022-04-01 0 days 1,524 sqft
2022-05-01 0 days 1,500 sqft
2022-06-01 0 days 1,482 sqft
2022-07-01 0 days 1,568 sqft
2022-08-01 0 days 1,570 sqft
2022-09-01 0 days 1,551 sqft
2022-10-01 0 days 1,520 sqft
2022-11-01 0 days 1,544 sqft
2022-12-01 0 days 1,522 sqft
2023-01-01 0 days 1,546 sqft
2023-02-01 0 days 1,536 sqft
2023-03-01 0 days 1,536 sqft
2023-04-01 0 days 1,555 sqft
2023-05-01 0 days 1,578 sqft
2023-06-01 0 days 1,626 sqft
2023-07-01 0 days 1,656 sqft
2023-08-01 0 days 1,670 sqft
2023-09-01 0 days 1,640 sqft
2023-10-01 0 days 1,626 sqft
2023-11-01 0 days 1,611 sqft
2023-12-01 0 days 1,588 sqft
2024-01-01 0 days 1,588 sqft
2024-02-01 0 days 1,592 sqft
2024-03-01 0 days 1,608 sqft
2024-04-01 0 days 1,599 sqft
2024-05-01 0 days 1,672 sqft
Carbondale's median listing age (time on market) for 2024-05-01 was 0 days.

Carbondale's median square footage for active listings during the 2024-05-01 period was 1,672 sqft. One year prior, the average listing was 1,578 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.