Centralia VA Loan Rates, Closing Costs & Stats
Centralia, 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.
Centralia's 11 lenders originated 31 VA loans during 2023. The total origination value was $5,395,000, with an average VA loan value of $174,032.
Centralia VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Centralia
averaged
7.1%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Centralia's average VA mortgage closing costs are $3,524.
The average rate for the prior week (2024-04-12) was
7.13% and
one month ago for the week of 2024-03-15, the
average rate was 6.89%.
The average rate one year ago was 6.28%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Centralia 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 Centralia level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 14 | 6.92% | $2,772 |
| DELMAR FINANCIAL COMPANY | 3 | 6.75% | $2,828 |
| USAA Federal Savings Bank | 2 | 6.69% | $11,573 |
| U.S. Bank | 2 | 6.69% | $4,590 |
| Peoples National Bank , N.A. | 1 | 5.50% | $6,579 |
| QUICKEN LOANS, LLC | 1 | 6.49% | $5,265 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 6.75% | $13,672 |
| Wells Fargo Bank | 1 | 5.88% | $7,026 |
| FCB Banks | 1 | 6.75% | $6,805 |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 7.75% | $50 |
| NAVY FEDERAL CREDIT UNION | 1 | 6.50% | $5,106 |
The top Centralia VA lender as defined by loan originations is Mortgage Research Center, LLC, with
14 VA loans originated. Their average total fees are
$2,772, which is $55
lower than the next largest lender,
DELMAR FINANCIAL COMPANY.
The lowest fee Centralia VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($2,772), .
The lowest rate Centralia VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.92%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Centralia (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 | $94,750 (17.7%) | $121,480 (-0.1%) | 0.00 | 153 |
| 2018-02-01 | $95,975 (13.3%) | $128,087 (2.3%) | 0.00 | 157 |
| 2018-03-01 | $96,950 (14.2%) | $125,283 (1.2%) | 0.00 | 151 |
| 2018-04-01 | $96,450 (7.3%) | $127,023 (-0.5%) | 0.00 | 158 |
| 2018-05-01 | $103,200 (10.7%) | $136,066 (3.8%) | 0.00 | 157 |
| 2018-06-01 | $99,000 (8.4%) | $133,937 (4.2%) | 0.00 | 160 |
| 2018-07-01 | $125,475 (34.9%) | $140,347 (9.7%) | 0.00 | 164 |
| 2018-08-01 | $120,500 (45.3%) | $141,548 (19.0%) | 0.00 | 173 |
| 2018-09-01 | $119,900 (38.0%) | $143,249 (19.7%) | 0.00 | 161 |
| 2018-10-01 | $108,950 (21.2%) | $141,393 (15.8%) | 0.00 | 165 |
| 2018-11-01 | $107,900 (18.8%) | $142,181 (18.4%) | 0.00 | 160 |
| 2018-12-01 | $105,500 (14.7%) | $141,470 (19.6%) | 0.00 | 162 |
| 2019-01-01 | $109,350 (15.4%) | $141,309 (16.3%) | 0.00 | 160 |
| 2019-02-01 | $105,600 (10.0%) | $140,233 (9.5%) | 0.00 | 155 |
| 2019-03-01 | $107,743 (11.1%) | $138,848 (10.8%) | 0.00 | 153 |
| 2019-04-01 | $115,425 (19.7%) | $140,829 (10.9%) | 0.00 | 148 |
| 2019-05-01 | $122,400 (18.6%) | $145,877 (7.2%) | 0.00 | 149 |
| 2019-06-01 | $124,900 (26.2%) | $146,720 (9.5%) | 0.00 | 155 |
| 2019-07-01 | $122,925 (-2.0%) | $146,158 (4.1%) | 0.00 | 154 |
| 2019-08-01 | $123,391 (2.4%) | $146,248 (3.3%) | 0.00 | 147 |
| 2019-09-01 | $127,052 (6.0%) | $148,683 (3.8%) | 0.00 | 141 |
| 2019-10-01 | $129,493 (18.9%) | $150,612 (6.5%) | 0.00 | 140 |
| 2019-11-01 | $127,500 (18.2%) | $155,210 (9.2%) | 0.00 | 142 |
| 2019-12-01 | $129,000 (22.3%) | $158,562 (12.1%) | 0.00 | 138 |
| 2020-01-01 | $129,450 (18.4%) | $162,545 (15.0%) | 0.00 | 125 |
| 2020-02-01 | $111,950 (6.0%) | $156,693 (11.7%) | 0.00 | 122 |
| 2020-03-01 | $107,750 (0.0%) | $148,135 (6.7%) | 0.00 | 127 |
| 2020-04-01 | $104,700 (-9.3%) | $143,454 (1.9%) | 0.00 | 127 |
| 2020-05-01 | $111,950 (-8.5%) | $147,711 (1.3%) | 0.00 | 111 |
| 2020-06-01 | $119,450 (-4.4%) | $152,588 (4.0%) | 0.00 | 95 |
| 2020-07-01 | $111,750 (-9.1%) | $153,449 (5.0%) | 0.00 | 94 |
| 2020-08-01 | $119,000 (-3.6%) | $164,924 (12.8%) | 0.00 | 97 |
| 2020-09-01 | $97,700 (-23.1%) | $153,786 (3.4%) | 0.00 | 97 |
| 2020-10-01 | $92,500 (-28.6%) | $140,016 (-7.0%) | 0.00 | 104 |
| 2020-11-01 | $70,125 (-45.0%) | $129,523 (-16.6%) | 0.00 | 108 |
| 2020-12-01 | $69,950 (-45.8%) | $130,574 (-17.7%) | 0.00 | 100 |
| 2021-01-01 | $79,500 (-38.6%) | $144,185 (-11.3%) | 0.00 | 90 |
| 2021-02-01 | $83,975 (-25.0%) | $164,826 (5.2%) | 0.00 | 87 |
| 2021-03-01 | $96,975 (-10.0%) | $167,857 (13.3%) | 0.00 | 79 |
| 2021-04-01 | $87,625 (-16.3%) | $172,705 (20.4%) | 0.00 | 62 |
| 2021-05-01 | $94,900 (-15.2%) | $181,993 (23.2%) | 0.00 | 56 |
| 2021-06-01 | $124,450 (4.2%) | $211,678 (38.7%) | 0.00 | 67 |
| 2021-07-01 | $127,400 (14.0%) | $224,576 (46.4%) | 0.00 | 67 |
| 2021-08-01 | $137,400 (15.5%) | $222,839 (35.1%) | 0.00 | 73 |
| 2021-09-01 | $157,200 (60.9%) | $235,655 (53.2%) | 0.00 | 64 |
| 2021-10-01 | $154,000 (66.5%) | $244,850 (74.9%) | 0.00 | 54 |
| 2021-11-01 | $159,925 (128.1%) | $253,283 (95.6%) | 0.00 | 59 |
| 2021-12-01 | $149,900 (114.3%) | $253,388 (94.1%) | 0.00 | 58 |
| 2022-01-01 | $145,450 (83.0%) | $253,659 (75.9%) | 0.00 | 51 |
| 2022-02-01 | $149,000 (77.4%) | $279,339 (69.5%) | 0.00 | 44 |
| 2022-03-01 | $133,675 (37.8%) | $261,109 (55.6%) | 0.00 | 42 |
| 2022-04-01 | $111,950 (27.8%) | $213,922 (23.9%) | 0.00 | 53 |
| 2022-05-01 | $99,925 (5.3%) | $202,426 (11.2%) | 0.00 | 56 |
| 2022-06-01 | $107,450 (-13.7%) | $197,816 (-6.6%) | 0.00 | 67 |
| 2022-07-01 | $124,900 (-2.0%) | $197,628 (-12.0%) | 0.00 | 70 |
| 2022-08-01 | $125,925 (-8.4%) | $200,035 (-10.2%) | 0.00 | 67 |
| 2022-09-01 | $138,700 (-11.8%) | $198,546 (-15.8%) | 0.00 | 83 |
| 2022-10-01 | $139,900 (-9.2%) | $183,471 (-25.1%) | 0.00 | 81 |
| 2022-11-01 | $127,000 (-20.6%) | $176,290 (-30.4%) | 0.00 | 75 |
| 2022-12-01 | $110,000 (-26.6%) | $163,934 (-35.3%) | 0.00 | 70 |
| 2023-01-01 | $131,175 (-9.8%) | $176,574 (-30.4%) | 0.00 | 69 |
| 2023-02-01 | $127,450 (-14.5%) | $171,882 (-38.5%) | 0.00 | 79 |
| 2023-03-01 | $135,000 (1.0%) | $173,228 (-33.7%) | 0.00 | 86 |
| 2023-04-01 | $129,750 (15.9%) | $162,535 (-24.0%) | 0.00 | 84 |
| 2023-05-01 | $128,125 (28.2%) | $177,540 (-12.3%) | 0.00 | 74 |
| 2023-06-01 | $130,950 (21.9%) | $173,796 (-12.1%) | 0.00 | 71 |
| 2023-07-01 | $129,900 (4.0%) | $162,966 (-17.5%) | 0.00 | 66 |
| 2023-08-01 | $115,975 (-7.9%) | $152,662 (-23.7%) | 0.00 | 57 |
| 2023-09-01 | $112,000 (-19.3%) | $142,501 (-28.2%) | 0.00 | 64 |
| 2023-10-01 | $124,950 (-10.7%) | $139,910 (-23.7%) | 0.00 | 58 |
| 2023-11-01 | $138,250 (8.9%) | $149,097 (-15.4%) | 0.00 | 62 |
| 2023-12-01 | $135,000 (22.7%) | $143,253 (-12.6%) | 0.00 | 61 |
| 2024-01-01 | $127,200 (-3.0%) | $144,528 (-18.2%) | 0.00 | 56 |
| 2024-02-01 | $119,500 (-6.2%) | $147,306 (-14.3%) | 0.00 | 56 |
| 2024-03-01 | $129,950 (-3.7%) | $164,523 (-5.0%) | 0.00 | 50 |
Centralia's median listing price comes in at 0% of the national average.
Centralia's average listing price for 2024-03-01 was $164,523, a difference of $-8,705 (-5.0%) versus the prior year and $17,217 versus the prior month.
For the 2024-03-01 period, Centralia had 50 MLS listings, a difference of -6 listings (-11%) versus the prior month and -36 listings (-42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Centralia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,600 sqft |
| 2018-02-01 | 0 days | 1,649 sqft |
| 2018-03-01 | 0 days | 1,634 sqft |
| 2018-04-01 | 0 days | 1,675 sqft |
| 2018-05-01 | 0 days | 1,717 sqft |
| 2018-06-01 | 0 days | 1,701 sqft |
| 2018-07-01 | 0 days | 1,753 sqft |
| 2018-08-01 | 0 days | 1,773 sqft |
| 2018-09-01 | 0 days | 1,808 sqft |
| 2018-10-01 | 0 days | 1,797 sqft |
| 2018-11-01 | 0 days | 1,821 sqft |
| 2018-12-01 | 0 days | 1,821 sqft |
| 2019-01-01 | 0 days | 1,807 sqft |
| 2019-02-01 | 0 days | 1,774 sqft |
| 2019-03-01 | 0 days | 1,722 sqft |
| 2019-04-01 | 0 days | 1,733 sqft |
| 2019-05-01 | 0 days | 1,772 sqft |
| 2019-06-01 | 0 days | 1,800 sqft |
| 2019-07-01 | 0 days | 1,736 sqft |
| 2019-08-01 | 0 days | 1,783 sqft |
| 2019-09-01 | 0 days | 1,894 sqft |
| 2019-10-01 | 0 days | 1,986 sqft |
| 2019-11-01 | 0 days | 1,864 sqft |
| 2019-12-01 | 0 days | 1,804 sqft |
| 2020-01-01 | 0 days | 1,966 sqft |
| 2020-02-01 | 0 days | 1,804 sqft |
| 2020-03-01 | 0 days | 1,731 sqft |
| 2020-04-01 | 0 days | 1,728 sqft |
| 2020-05-01 | 0 days | 1,734 sqft |
| 2020-06-01 | 0 days | 1,772 sqft |
| 2020-07-01 | 0 days | 1,711 sqft |
| 2020-08-01 | 0 days | 1,796 sqft |
| 2020-09-01 | 0 days | 1,706 sqft |
| 2020-10-01 | 0 days | 1,481 sqft |
| 2020-11-01 | 0 days | 1,434 sqft |
| 2020-12-01 | 0 days | 1,440 sqft |
| 2021-01-01 | 0 days | 1,500 sqft |
| 2021-02-01 | 0 days | 1,541 sqft |
| 2021-03-01 | 0 days | 1,591 sqft |
| 2021-04-01 | 0 days | 1,441 sqft |
| 2021-05-01 | 0 days | 1,562 sqft |
| 2021-06-01 | 0 days | 1,914 sqft |
| 2021-07-01 | 0 days | 1,848 sqft |
| 2021-08-01 | 0 days | 1,941 sqft |
| 2021-09-01 | 0 days | 1,871 sqft |
| 2021-10-01 | 0 days | 1,875 sqft |
| 2021-11-01 | 0 days | 1,947 sqft |
| 2021-12-01 | 0 days | 1,748 sqft |
| 2022-01-01 | 0 days | 1,712 sqft |
| 2022-02-01 | 0 days | 1,621 sqft |
| 2022-03-01 | 0 days | 1,510 sqft |
| 2022-04-01 | 0 days | 1,451 sqft |
| 2022-05-01 | 0 days | 1,413 sqft |
| 2022-06-01 | 0 days | 1,424 sqft |
| 2022-07-01 | 0 days | 1,482 sqft |
| 2022-08-01 | 0 days | 1,482 sqft |
| 2022-09-01 | 0 days | 1,559 sqft |
| 2022-10-01 | 0 days | 1,500 sqft |
| 2022-11-01 | 0 days | 1,420 sqft |
| 2022-12-01 | 0 days | 1,387 sqft |
| 2023-01-01 | 0 days | 1,430 sqft |
| 2023-02-01 | 0 days | 1,454 sqft |
| 2023-03-01 | 0 days | 1,569 sqft |
| 2023-04-01 | 0 days | 1,527 sqft |
| 2023-05-01 | 0 days | 1,480 sqft |
| 2023-06-01 | 0 days | 1,597 sqft |
| 2023-07-01 | 0 days | 1,560 sqft |
| 2023-08-01 | 0 days | 1,546 sqft |
| 2023-09-01 | 0 days | 1,468 sqft |
| 2023-10-01 | 0 days | 1,430 sqft |
| 2023-11-01 | 0 days | 1,500 sqft |
| 2023-12-01 | 0 days | 1,417 sqft |
| 2024-01-01 | 0 days | 1,464 sqft |
| 2024-02-01 | 0 days | 1,438 sqft |
| 2024-03-01 | 0 days | 1,478 sqft |
Centralia's median square footage for active listings during the 2024-03-01 period was 1,478 sqft. One year prior, the average listing was 1,569 sqft.