Cheyenne VA Loan Rates, Closing Costs & Stats

CHEYENNE, WY

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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.

    Cheyenne's 63 lenders originated 605 VA loans during 2024. The total origination value was $242,505,000, with an average VA loan value of $400,835.

    Cheyenne VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cheyenne averaged 6.68% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Cheyenne's average VA mortgage closing costs are $7,281.

    The average rate for the prior week (2025-07-11) was 6.67% and one month ago for the week of 2025-06-13, the average rate was 6.94%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.17%.

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

    Cheyenne 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 Cheyenne level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 105 6.14% $9,995
    Mortgage Research Center, LLC 64 6.36% $7,662
    CROSSCOUNTRY MORTGAGE, LLC 38 6.12% $12,766
    GUILD MORTGAGE COMPANY 38 6.09% $10,989
    QUICKEN LOANS, LLC 34 6.02% $14,052
    Jonah Bank of Wyoming 29 5.66% $6,964
    UNITED WHOLESALE MORTGAGE, LLC 25 5.76% $10,314
    FREEDOM MORTGAGE CORPORATION 24 6.09% $9,154
    Wallick & Volk, Inc. 22 6.47% $11,926
    USAA Federal Savings Bank 17 5.98% $11,151
    PENNYMAC LOAN SERVICES, LLC 11 5.88% $6,179
    NAVY FEDERAL CREDIT UNION 8 6.06% $8,384
    Century Mortgage Company DBA Century Lending Company 7 5.98% $3,917
    PLANET HOME LENDING, LLC 6 5.81% $5,320
    NEW DAY FINANCIAL, LLC 6 7.37% $15,012
    First Western Trust Bank 6 5.96% $9,147
    VILLAGE CAPITAL MORTGAGE 5 5.93% $8,431
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.93% $16,453
    LOANDEPOT.COM, LLC 5 6.25% $12,083
    NEWREZ LLC 5 5.95% $3,693
    Servion, Inc. 3 6.08% $8,423
    CENTENNIAL LENDING, LLC 3 6.17% $5,029
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.58% $6,967
    NBKC BANK 3 6.08% $7,680
    The Federal Savings Bank 2 6.50% $18,560
    First National Bank of Omaha 2 6.88% $10,710
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.62% $2,144
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.06% $8,814
    AMERISAVE MORTGAGE CORPORATION 2 6.44% $21,402
    CMG MORTGAGE, INC. 2 6.25% $7,725
    Armed Forces Bank 2 6.25% $18,619
    HOMESIDE FINANCIAL, LLC 2 6.44% $20,450
    BROKER SOLUTIONS, INC. 2 7.00% $6,690
    PENTAGON FEDERAL CREDIT UNION 2 5.56% $2,953
    PHH Mortgage Corporation 2 5.56% $4,114
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.75% $10,556
    OPEN MORTGAGE, LLC 1 6.50% $0
    Plains Commerce Bank 1 7.38% $5,164
    Bell Bank 1 6.25% $9,367
    PREMIA MORTGAGE, LLC 1 6.05% $23,001
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $8,499
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $6,252
    SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $42,762
    Texana Bank 1 5.25% $19,887
    TOWNE MORTGAGE COMPANY 1 6.63% $9,424
    UNION HOME MORTGAGE CORP. 1 6.63% $5,479
    U.S. Bank 1 6.75% $11,370
    VERITAS FUNDING, LLC 1 6.25% $23,017
    AMERICAN FINANCING CORPORATION 1 5.38% $13,974
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,452
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $2,784
    GROUP MORTGAGE, LLC 1 6.25% $4,382
    GUARANTEED RATE, INC. 1 5.75% $18,594
    Flagstar Bank, FSB 1 5.00% $6,643
    JPMorgan Chase Bank 1 6.50% $6,205
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $21,837
    LAND HOME FINANCIAL SERVICES, INC. 1 6.25% $11,285
    Magnolia Bank 1 5.63% $47,643
    First Interstate Bank 1 6.00% $2,257
    West Gate Bank 1 6.00% $5,205
    MOVEMENT MORTGAGE, LLC 1 5.63% $5,081
    First Federal Bank 1 5.25% $21,148
    Zions Bank 1 6.50% $9,993

    The top Cheyenne VA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 105 VA loans originated. Their average total fees are $9,995, which is $2,333 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Cheyenne VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($6,179), Jonah Bank of Wyoming ($6,964), Mortgage Research Center, LLC ($7,662), FREEDOM MORTGAGE CORPORATION ($9,154) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,995).

    The lowest rate Cheyenne VA lenders (with over 10 loans originated) are Jonah Bank of Wyoming (5.66%), UNITED WHOLESALE MORTGAGE, LLC (5.76%), PENNYMAC LOAN SERVICES, LLC (5.88%), USAA Federal Savings Bank (5.98%) and QUICKEN LOANS, LLC (6.02%).

    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.