Carbondale VA Loan Rates, Closing Costs & Stats

CARBONDALE-MARION, IL

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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.

    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 7.02% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.65% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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
    Carbondale's median listing price for 2024-03-01 was $132,450, a difference of $2,525 (1.9%) versus the prior year and $-5,300 versus the prior month.

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

    Carbondale's average listing price for 2024-03-01 was $216,537, a difference of $-11,317 (-5.0%) versus the prior year and $-263 versus the prior month.

    For the 2024-03-01 period, Carbondale had 281 MLS listings, a difference of -14 listings (-5%) versus the prior month and 65 listings (30%) 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
    Carbondale's median listing age (time on market) for 2024-03-01 was 0 days.

    Carbondale's median square footage for active listings during the 2024-03-01 period was 1,608 sqft. One year prior, the average listing was 1,536 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.