Carson City VA Loan Rates, Closing Costs & Stats

CARSON CITY, NV

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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.

    Carson City's 26 lenders originated 56 VA loans during 2023. The total origination value was $22,200,000, with an average VA loan value of $396,429.

    Carson City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Carson City averaged -0.05% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Carson City's average VA mortgage closing costs are $7,562.

    The average rate for the prior week (2024-11-08) was 6.55% and one month ago for the week of 2024-10-11, the average rate was 6.22%.

    The average rate one year ago was 7.41%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Carson City 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 Carson City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 7 6.27% $20,524
    Mortgage Research Center, LLC 6 6.21% $9,040
    UNITED WHOLESALE MORTGAGE, LLC 4 5.79% $13,573
    QUICKEN LOANS, LLC 4 5.81% $11,172
    EAGLE HOME MORTGAGE, LLC 3 5.79% $8,919
    USAA Federal Savings Bank 3 5.50% $18,462
    MOVEMENT MORTGAGE, LLC 3 6.54% $12,042
    CROSSCOUNTRY MORTGAGE, LLC 2 5.69% $14,784
    AXIA FINANCIAL, LLC 2 6.00% $10,633
    The Federal Savings Bank 2 5.50% $13,626
    NAVY FEDERAL CREDIT UNION 2 6.06% $3,636
    NEW DAY FINANCIAL, LLC 1 7.75% $16,300
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $4,520
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $12,623
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $26,064
    VILLAGE CAPITAL MORTGAGE 1 5.50% $9,388
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $5,062
    Barrington Bank & Trust Company, N.A. 1 6.25% $3,817
    BROKER SOLUTIONS, INC. 1 6.25% $4,331
    CARDINAL FINANCIAL 1 5.99% $12,258
    CMG MORTGAGE, INC. 1 5.38% $17,303
    Equity Prime Mortgage LLC 1 7.75% $19,464
    FREEDOM MORTGAGE CORPORATION 1 6.25% $14,746
    GREATER NEVADA LLC 1 5.75% $8,492
    GUARANTEED RATE, INC. 1 6.25% $4,308
    LOANDEPOT.COM, LLC 1 4.99% $20,097

    The top Carson City VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 7 VA loans originated. Their average total fees are $20,524, which is $11,484 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Carson City VA lenders (with over 10 loans originated) are .

    The lowest rate Carson City VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Carson City (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 $359,925 (12.3%) $445,927 (15.5%) 0.00 78
    2018-02-01 $369,700 (23.6%) $438,097 (18.0%) 0.00 61
    2018-03-01 $399,900 (34.4%) $434,225 (17.1%) 0.00 59
    2018-04-01 $408,150 (22.2%) $447,672 (17.6%) 0.00 65
    2018-05-01 $377,175 (12.4%) $441,020 (15.3%) 0.00 70
    2018-06-01 $395,000 (16.3%) $458,939 (16.2%) 0.00 70
    2018-07-01 $386,975 (8.1%) $448,788 (11.3%) 0.00 84
    2018-08-01 $386,963 (8.4%) $446,962 (8.3%) 0.00 93
    2018-09-01 $385,000 (6.9%) $438,305 (4.6%) 0.00 106
    2018-10-01 $379,975 (-1.1%) $437,021 (-0.2%) 0.00 106
    2018-11-01 $364,950 (-4.3%) $424,720 (-4.0%) 0.00 109
    2018-12-01 $366,000 (-0.8%) $430,461 (0.8%) 0.00 90
    2019-01-01 $379,688 (5.5%) $427,670 (-4.1%) 0.00 82
    2019-02-01 $411,625 (11.3%) $433,028 (-1.2%) 0.00 82
    2019-03-01 $402,536 (0.7%) $442,488 (1.9%) 0.00 86
    2019-04-01 $390,036 (-4.4%) $457,506 (2.2%) 0.00 90
    2019-05-01 $402,475 (6.7%) $473,398 (7.3%) 0.00 100
    2019-06-01 $407,000 (3.0%) $463,251 (0.9%) 0.00 124
    2019-07-01 $389,889 (0.8%) $460,414 (2.6%) 0.00 138
    2019-08-01 $391,123 (1.1%) $473,722 (6.0%) 0.00 142
    2019-09-01 $377,807 (-1.9%) $476,603 (8.7%) 0.00 138
    2019-10-01 $361,225 (-4.9%) $478,523 (9.5%) 0.00 132
    2019-11-01 $357,500 (-2.0%) $492,430 (15.9%) 0.00 115
    2019-12-01 $363,725 (-0.6%) $527,170 (22.5%) 0.00 96
    2020-01-01 $358,250 (-5.7%) $477,262 (11.6%) 0.00 84
    2020-02-01 $349,200 (-15.2%) $428,412 (-1.1%) 0.00 67
    2020-03-01 $355,950 (-11.6%) $442,491 (0.0%) 0.00 73
    2020-04-01 $395,000 (1.3%) $462,887 (1.2%) 0.00 91
    2020-05-01 $414,950 (3.1%) $479,591 (1.3%) 0.00 92
    2020-06-01 $416,500 (2.3%) $495,261 (6.9%) 0.00 76
    2020-07-01 $407,500 (4.5%) $498,767 (8.3%) 0.00 68
    2020-08-01 $395,000 (1.0%) $487,530 (2.9%) 0.00 62
    2020-09-01 $385,750 (2.1%) $505,593 (6.1%) 0.00 63
    2020-10-01 $380,000 (5.2%) $477,438 (-0.2%) 0.00 53
    2020-11-01 $394,950 (10.5%) $473,913 (-3.8%) 0.00 45
    2020-12-01 $401,125 (10.3%) $1,009,533 (91.5%) 0.00 30
    2021-01-01 $409,000 (14.2%) $1,053,877 (120.8%) 0.00 30
    2021-02-01 $417,350 (19.5%) $1,315,226 (207.0%) 0.00 18
    2021-03-01 $414,500 (16.5%) $1,137,834 (157.1%) 0.00 30
    2021-04-01 $426,225 (7.9%) $894,317 (93.2%) 0.00 56
    2021-05-01 $443,500 (6.9%) $939,639 (95.9%) 0.00 44
    2021-06-01 $500,950 (20.3%) $970,927 (96.0%) 0.00 45
    2021-07-01 $507,000 (24.4%) $922,936 (85.0%) 0.00 56
    2021-08-01 $494,000 (25.1%) $840,008 (72.3%) 0.00 77
    2021-09-01 $534,450 (38.6%) $820,828 (62.4%) 0.00 85
    2021-10-01 $545,000 (43.4%) $877,331 (83.8%) 0.00 74
    2021-11-01 $548,350 (38.8%) $680,260 (43.5%) 0.00 65
    2021-12-01 $515,000 (28.4%) $659,379 (-34.7%) 0.00 55
    2022-01-01 $497,500 (21.6%) $643,837 (-38.9%) 0.00 40
    2022-02-01 $481,950 (15.5%) $604,721 (-54.0%) 0.00 44
    2022-03-01 $484,950 (17.0%) $592,110 (-48.0%) 0.00 53
    2022-04-01 $514,800 (20.8%) $657,011 (-26.5%) 0.00 66
    2022-05-01 $507,000 (14.3%) $641,096 (-31.8%) 0.00 74
    2022-06-01 $505,750 (1.0%) $621,071 (-36.0%) 0.00 107
    2022-07-01 $532,000 (4.9%) $757,960 (-17.9%) 0.00 148
    2022-08-01 $492,000 (-0.4%) $746,442 (-11.1%) 0.00 143
    2022-09-01 $475,290 (-11.1%) $701,905 (-14.5%) 0.00 164
    2022-10-01 $475,880 (-12.7%) $710,665 (-19.0%) 0.00 165
    2022-11-01 $499,125 (-9.0%) $773,316 (13.7%) 0.00 151
    2022-12-01 $475,880 (-7.6%) $774,222 (17.4%) 0.00 151
    2023-01-01 $476,612 (-4.2%) $821,731 (27.6%) 0.00 118
    2023-02-01 $470,000 (-2.5%) $924,432 (52.9%) 0.00 79
    2023-03-01 $491,560 (1.4%) $982,526 (65.9%) 0.00 74
    2023-04-01 $499,950 (-2.9%) $932,359 (41.9%) 0.00 74
    2023-05-01 $582,475 (14.9%) $922,774 (43.9%) 0.00 92
    2023-06-01 $509,938 (0.8%) $862,621 (38.9%) 0.00 99
    2023-07-01 $589,950 (10.9%) $850,082 (12.2%) 0.00 104
    2023-08-01 $588,988 (19.7%) $847,794 (13.6%) 0.00 112
    2023-09-01 $574,950 (21.0%) $828,528 (18.0%) 0.00 119
    2023-10-01 $569,000 (19.6%) $837,671 (17.9%) 0.00 131
    2023-11-01 $572,500 (14.7%) $839,374 (8.5%) 0.00 126
    2023-12-01 $549,900 (15.6%) $874,787 (13.0%) 0.00 104
    2024-01-01 $571,706 (20.0%) $925,141 (12.6%) 0.00 94
    2024-02-01 $578,368 (23.1%) $928,292 (0.4%) 0.00 89
    2024-03-01 $545,000 (10.9%) $868,672 (-11.6%) 0.00 96
    2024-04-01 $552,111 (10.4%) $874,296 (-6.2%) 0.00 102
    2024-05-01 $562,401 (-3.5%) $898,645 (-2.6%) 0.00 121
    2024-06-01 $565,000 (10.8%) $871,534 (1.0%) 0.00 133
    2024-07-01 $575,000 (-2.5%) $846,529 (-0.4%) 0.00 138
    2024-08-01 $572,500 (-2.8%) $820,293 (-3.2%) 0.00 143
    2024-09-01 $572,225 (-0.5%) $813,043 (-1.9%) 0.00 136
    2024-10-01 $557,250 (-2.1%) $718,321 (-14.3%) 0.00 137
    Carson City's median listing price for 2024-10-01 was $557,250, a difference of $-11,750 (-2.1%) versus the prior year and $-14,975 versus the prior month.

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

    Carson City's average listing price for 2024-10-01 was $718,321, a difference of $-119,350 (-14.3%) versus the prior year and $-94,722 versus the prior month.

    For the 2024-10-01 period, Carson City had 137 MLS listings, a difference of 1 listings (1%) versus the prior month and 6 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Carson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,938 sqft
    2018-02-01 0 days 1,990 sqft
    2018-03-01 0 days 1,872 sqft
    2018-04-01 0 days 2,083 sqft
    2018-05-01 0 days 1,864 sqft
    2018-06-01 0 days 1,833 sqft
    2018-07-01 0 days 1,875 sqft
    2018-08-01 0 days 1,965 sqft
    2018-09-01 0 days 1,968 sqft
    2018-10-01 0 days 1,901 sqft
    2018-11-01 0 days 1,892 sqft
    2018-12-01 0 days 1,862 sqft
    2019-01-01 0 days 1,882 sqft
    2019-02-01 0 days 1,948 sqft
    2019-03-01 0 days 1,934 sqft
    2019-04-01 0 days 1,911 sqft
    2019-05-01 0 days 1,990 sqft
    2019-06-01 0 days 2,020 sqft
    2019-07-01 0 days 1,833 sqft
    2019-08-01 0 days 1,801 sqft
    2019-09-01 0 days 1,722 sqft
    2019-10-01 0 days 1,641 sqft
    2019-11-01 0 days 1,666 sqft
    2019-12-01 0 days 1,627 sqft
    2020-01-01 0 days 1,581 sqft
    2020-02-01 0 days 1,588 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,776 sqft
    2020-05-01 0 days 1,868 sqft
    2020-06-01 0 days 1,927 sqft
    2020-07-01 0 days 1,855 sqft
    2020-08-01 0 days 1,775 sqft
    2020-09-01 0 days 1,659 sqft
    2020-10-01 0 days 1,662 sqft
    2020-11-01 0 days 1,671 sqft
    2020-12-01 0 days 1,782 sqft
    2021-01-01 0 days 1,776 sqft
    2021-02-01 0 days 1,753 sqft
    2021-03-01 0 days 1,650 sqft
    2021-04-01 0 days 1,752 sqft
    2021-05-01 0 days 1,596 sqft
    2021-06-01 0 days 1,797 sqft
    2021-07-01 0 days 1,818 sqft
    2021-08-01 0 days 1,789 sqft
    2021-09-01 0 days 1,840 sqft
    2021-10-01 0 days 1,973 sqft
    2021-11-01 0 days 1,910 sqft
    2021-12-01 0 days 1,731 sqft
    2022-01-01 0 days 1,768 sqft
    2022-02-01 0 days 1,609 sqft
    2022-03-01 0 days 1,625 sqft
    2022-04-01 0 days 1,779 sqft
    2022-05-01 0 days 1,758 sqft
    2022-06-01 0 days 1,768 sqft
    2022-07-01 0 days 1,825 sqft
    2022-08-01 0 days 1,745 sqft
    2022-09-01 0 days 1,632 sqft
    2022-10-01 0 days 1,667 sqft
    2022-11-01 0 days 1,694 sqft
    2022-12-01 0 days 1,686 sqft
    2023-01-01 0 days 1,681 sqft
    2023-02-01 0 days 1,676 sqft
    2023-03-01 0 days 1,781 sqft
    2023-04-01 0 days 1,813 sqft
    2023-05-01 0 days 1,982 sqft
    2023-06-01 0 days 1,823 sqft
    2023-07-01 0 days 1,854 sqft
    2023-08-01 0 days 1,944 sqft
    2023-09-01 0 days 1,947 sqft
    2023-10-01 0 days 1,943 sqft
    2023-11-01 0 days 1,950 sqft
    2023-12-01 0 days 1,903 sqft
    2024-01-01 0 days 1,899 sqft
    2024-02-01 0 days 1,854 sqft
    2024-03-01 0 days 1,772 sqft
    2024-04-01 0 days 1,835 sqft
    2024-05-01 0 days 1,907 sqft
    2024-06-01 0 days 1,912 sqft
    2024-07-01 0 days 1,917 sqft
    2024-08-01 0 days 1,907 sqft
    2024-09-01 0 days 1,873 sqft
    2024-10-01 0 days 1,835 sqft
    Carson City's median listing age (time on market) for 2024-10-01 was 0 days.

    Carson City's median square footage for active listings during the 2024-10-01 period was 1,835 sqft. One year prior, the average listing was 1,943 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.