Cheyenne VA Loans

CHEYENNE, WY

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 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 91 lenders originated 1,552 VA loans during 2021. The total origination value was $489,980,000, with an average VA loan value of $315,709.

Cheyenne VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Cheyenne averaged 5.45% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.38% and one month ago for the week of 2022-04-08, the average rate was 5%.

The average rate one year ago was 2.82%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.34%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cheyenne level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Jonah Bank of Wyoming 112 2.34% $6,777
Mortgage Research Center, LLC 105 2.79% $7,661
QUICKEN LOANS, LLC 99 2.44% $4,964
FREEDOM MORTGAGE CORPORATION 88 2.37% $3,087
First Interstate Bank 82 2.56% $9,736
CHERRY CREEK MORTGAGE, LLC 73 2.73% $5,725
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 71 2.88% $7,922
Wyoming Bank & Trust 60 2.34% $6,083
Wallick & Volk, Inc. 58 2.94% $9,566
PENNYMAC LOAN SERVICES, LLC 53 2.40% $7,145
GUILD MORTGAGE COMPANY 43 2.70% $8,316
LAKEVIEW LOAN SERVICING, LLC 37 2.45% $3,360
NEW DAY FINANCIAL, LLC 30 2.82% $8,177
USAA Federal Savings Bank 28 2.82% $5,972
The Federal Savings Bank 27 2.66% $9,045
CMG MORTGAGE, INC. 22 2.81% $9,478
CALIBER HOME LOANS, INC. 21 2.38% $3,695
CENTENNIAL LENDING, LLC 21 2.51% $7,420
LOANDEPOT.COM, LLC 21 2.51% $5,585
NAVY FEDERAL CREDIT UNION 21 2.43% $5,157
Wells Fargo Bank 17 2.41% $6,634
VILLAGE CAPITAL & INVESTMENT LLC 16 2.38% $3,970
CORNERSTONE HOME LENDING, INC. 16 2.82% $9,946
AMERICAN FINANCIAL NETWORK, INC. 14 2.45% $9,187
HOME POINT FINANCIAL CORPORATION 14 2.27% $4,339
Low VA Rates, LLC 13 2.60% $5,281
Mr. Cooper ( Nationstar Mortgage ) 12 2.61% $5,120
UNITED WHOLESALE MORTGAGE, LLC 9 2.40% $2,829
AMERICAN FINANCING CORPORATION 9 2.51% $2,389
NEWREZ LLC 9 2.76% $4,186
U.S. Bank 8 2.80% $6,356
NBKC BANK 8 2.45% $4,140
Barrington Bank & Trust Company, N.A. 7 2.88% $6,610
Magnolia Bank 6 2.54% $11,191
First Federal Bank 6 3.23% $12,774
CROSSCOUNTRY MORTGAGE, LLC 5 2.88% $8,834
First Guaranty Mortgage Corporation 5 2.45% $4,689
BNC National Bank 4 2.25% $2,922
Meridian Bank Corporation 4 2.31% $6,616
AMERISAVE MORTGAGE CORPORATION 4 2.50% $6,148
OPEN MORTGAGE, LLC 4 2.41% $6,048
Flagstar Bank, FSB 4 2.53% $5,952
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.67% $4,880
FBC MORTGAGE, LLC 3 2.42% $6,131
First Western Trust Bank 3 2.79% $11,161
PENTAGON FEDERAL CREDIT UNION 3 2.38% $102
WESTERN VISTA 3 2.71% $1,165
UNIVERSAL LENDING CORPORATION 2 3.00% $5,803
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.25% $4,449
GUARANTEED RATE, INC. 2 2.69% $6,569
BROKER SOLUTIONS, INC. 2 2.25% $3,162
Nations Lending Corporation 2 3.00% $9,338
Armed Forces Bank 2 2.38% $11,952
AMCAP MORTGAGE, LTD. 2 2.25% $3,797
PLANET HOME LENDING, LLC 2 2.56% $1,112
Mid-Continent Funding, Inc. 2 2.50% $2,340
First Savings Bank 1 3.25% $5,722
Financial Funding Solutions, Inc. 1 2.63% $2,932
North American Savings Bank, F.S.B. 1 2.25% $10,921
NP, Inc. 1 2.25% $2,515
EVANSVILLE TEACHERS 1 2.88% $10,248
Opportunity Bank of Montana 1 2.88% $12,029
Paramount Bank 1 2.88% $3,166
CRESCENT MORTGAGE COMPANY 1 2.88% $125
Willamette Valley Bank 1 2.75% $17,269
Pinnacle Bank - Wyoming 1 2.75% $3,870
Presidential Bank, FSB 1 2.25% $10,242
Colonial Savings, F.A. 1 2.75% $7,567
RELIANCE FIRST CAPITAL, LLC 1 3.25% $1,853
SOUTHWEST STAGE FUNDING, LLC 1 3.88% $5,704
Strong Home Mortgage, LLC 1 2.50% $1,023
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $1,654
Texana Bank 1 2.75% $2,091
The Central Trust Bank 1 2.25% $3,079
CHURCHILL MORTGAGE CORPORATION 1 2.38% $5,316
UNION HOME MORTGAGE CORP. 1 2.25% $9,460
Carrington Mortgage Services, LLC 1 3.13% $743
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.38% $3,720
Capital Bank 1 2.25% $3,983
BAY EQUITY LLC 1 2.50% $9,106
JAMES B. NUTTER & COMPANY 1 2.75% $3,566
Manufacturers and Traders Trust Company 1 3.25% $4,364
Ixonia Bank 1 2.75% $3,978
MEGASTAR FINANCIAL CORP. 1 2.25% $2,424
MID AMERICA MORTGAGE, INC. 1 2.25% $1,137
MORIA DEVELOPMENT, INC. 1 2.88% $3,668
MOUNTAIN AMERICA 1 2.25% $4,079
GROUP MORTGAGE, LLC 1 2.50% $4,054
ACADEMY MORTGAGE CORPORATION 1 3.25% $5,000
Great Plains National Bank 1 2.88% $10,864
Goldwater Bank, N.A. 1 3.13% $2,771

The top Cheyenne VA lender as defined by loan originations is Jonah Bank of Wyoming, with 112 VA loans originated. Their average total fees are $6,777, which is $883 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Cheyenne VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,087), LAKEVIEW LOAN SERVICING, LLC ($3,360), CALIBER HOME LOANS, INC. ($3,695), VILLAGE CAPITAL & INVESTMENT LLC ($3,970) and HOME POINT FINANCIAL CORPORATION ($4,339).

The lowest rate Cheyenne VA lenders (with over 10 loans originated) are HOME POINT FINANCIAL CORPORATION (2.27%), Wyoming Bank & Trust (2.34%), Jonah Bank of Wyoming (2.34%), FREEDOM MORTGAGE CORPORATION (2.37%) and VILLAGE CAPITAL & INVESTMENT LLC (2.38%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cheyenne (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 $312,500 (12.3%) $344,508 (12.0%) 0.00 308
2018-02-01 $320,220 (9.5%) $346,870 (11.1%) 0.00 296
2018-03-01 $299,900 (-3.4%) $343,980 (5.7%) 0.00 316
2018-04-01 $292,450 (-4.1%) $342,861 (3.6%) 0.00 343
2018-05-01 $300,000 (0.2%) $345,525 (5.5%) 0.00 358
2018-06-01 $299,900 (4.4%) $342,901 (7.8%) 0.00 364
2018-07-01 $299,950 (4.7%) $347,185 (7.4%) 0.00 377
2018-08-01 $293,400 (1.7%) $340,282 (7.1%) 0.00 390
2018-09-01 $290,205 (-1.6%) $336,321 (3.0%) 0.00 374
2018-10-01 $289,900 (1.0%) $332,230 (4.5%) 0.00 355
2018-11-01 $291,400 (1.6%) $335,688 (3.8%) 0.00 334
2018-12-01 $288,700 (-0.4%) $329,789 (-0.8%) 0.00 335
2019-01-01 $290,750 (-7.0%) $331,040 (-3.9%) 0.00 280
2019-02-01 $296,600 (-7.4%) $339,405 (-2.2%) 0.00 219
2019-03-01 $296,714 (-1.1%) $339,546 (-1.3%) 0.00 228
2019-04-01 $305,714 (4.5%) $342,876 (0.0%) 0.00 259
2019-05-01 $322,500 (7.5%) $351,743 (1.8%) 0.00 245
2019-06-01 $352,900 (17.7%) $365,981 (6.7%) 0.00 230
2019-07-01 $347,000 (15.7%) $372,269 (7.2%) 0.00 240
2019-08-01 $340,357 (16.0%) $376,949 (10.8%) 0.00 253
2019-09-01 $337,635 (16.3%) $376,845 (12.1%) 0.00 287
2019-10-01 $330,000 (13.8%) $366,349 (10.3%) 0.00 334
2019-11-01 $339,900 (16.6%) $366,600 (9.2%) 0.00 268
2019-12-01 $341,500 (18.3%) $368,060 (11.6%) 0.00 249
2020-01-01 $341,450 (17.4%) $366,363 (10.7%) 0.00 222
2020-02-01 $357,000 (20.4%) $372,902 (9.9%) 0.00 205
2020-03-01 $369,400 (24.5%) $390,120 (14.9%) 0.00 221
2020-04-01 $362,850 (18.7%) $380,148 (10.9%) 0.00 269
2020-05-01 $365,500 (13.3%) $385,066 (9.5%) 0.00 265
2020-06-01 $368,300 (4.4%) $388,123 (6.1%) 0.00 280
2020-07-01 $367,400 (5.9%) $389,597 (4.7%) 0.00 298
2020-08-01 $365,000 (7.2%) $385,468 (2.3%) 0.00 274
2020-09-01 $357,450 (5.9%) $383,993 (1.9%) 0.00 245
2020-10-01 $349,900 (6.0%) $385,449 (5.2%) 0.00 250
2020-11-01 $341,450 (0.5%) $398,666 (8.8%) 0.00 210
2020-12-01 $371,400 (8.8%) $408,667 (11.0%) 0.00 173
2021-01-01 $435,000 (27.4%) $421,978 (15.2%) 0.00 121
2021-02-01 $444,900 (24.6%) $448,750 (20.3%) 0.00 110
2021-03-01 $419,075 (13.5%) $420,111 (7.7%) 0.00 99
2021-04-01 $383,500 (5.7%) $396,642 (4.3%) 0.00 107
2021-05-01 $399,900 (9.4%) $418,869 (8.8%) 0.00 99
2021-06-01 $395,000 (7.3%) $435,337 (12.2%) 0.00 117
2021-07-01 $432,000 (17.6%) $460,586 (18.2%) 0.00 133
2021-08-01 $403,900 (10.7%) $460,590 (19.5%) 0.00 149
2021-09-01 $367,450 (2.8%) $439,163 (14.4%) 0.00 165
2021-10-01 $369,000 (5.5%) $429,648 (11.5%) 0.00 189
2021-11-01 $356,450 (4.4%) $422,921 (6.1%) 0.00 184
2021-12-01 $428,500 (15.4%) $445,297 (9.0%) 0.00 173
2022-01-01 $475,000 (9.2%) $479,078 (13.5%) 0.00 125
2022-02-01 $465,000 (4.5%) $487,702 (8.7%) 0.00 107
2022-03-01 $512,000 (22.2%) $524,364 (24.8%) 0.00 87
2022-04-01 $495,000 (29.1%) $516,481 (30.2%) 0.00 92
Cheyenne's median listing price for 2022-04-01 was $495,000, a difference of $111,500 (29.1%) versus the prior year and $-17,000 versus the prior month.

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

Cheyenne's average listing price for 2022-04-01 was $516,481, a difference of $119,839 (30.2%) versus the prior year and $-7,883 versus the prior month.

For the 2022-04-01 period, Cheyenne had 92 MLS listings, a difference of 5 listings (6%) versus the prior month and -15 listings (-14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cheyenne (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,744 sqft
2018-02-01 0 days 2,793 sqft
2018-03-01 0 days 2,661 sqft
2018-04-01 0 days 2,619 sqft
2018-05-01 0 days 2,623 sqft
2018-06-01 0 days 2,576 sqft
2018-07-01 0 days 2,613 sqft
2018-08-01 0 days 2,568 sqft
2018-09-01 0 days 2,568 sqft
2018-10-01 0 days 2,544 sqft
2018-11-01 0 days 2,548 sqft
2018-12-01 0 days 2,470 sqft
2019-01-01 0 days 2,495 sqft
2019-02-01 0 days 2,568 sqft
2019-03-01 0 days 2,469 sqft
2019-04-01 0 days 2,498 sqft
2019-05-01 0 days 2,515 sqft
2019-06-01 0 days 2,628 sqft
2019-07-01 0 days 2,667 sqft
2019-08-01 0 days 2,541 sqft
2019-09-01 0 days 2,552 sqft
2019-10-01 0 days 2,520 sqft
2019-11-01 0 days 2,576 sqft
2019-12-01 0 days 2,616 sqft
2020-01-01 0 days 2,537 sqft
2020-02-01 0 days 2,652 sqft
2020-03-01 0 days 2,715 sqft
2020-04-01 0 days 2,655 sqft
2020-05-01 0 days 2,658 sqft
2020-06-01 0 days 2,626 sqft
2020-07-01 0 days 2,652 sqft
2020-08-01 0 days 2,652 sqft
2020-09-01 0 days 2,664 sqft
2020-10-01 0 days 2,598 sqft
2020-11-01 0 days 2,507 sqft
2020-12-01 0 days 2,752 sqft
2021-01-01 0 days 2,928 sqft
2021-02-01 0 days 3,014 sqft
2021-03-01 0 days 2,754 sqft
2021-04-01 0 days 2,487 sqft
2021-05-01 0 days 2,704 sqft
2021-06-01 0 days 2,672 sqft
2021-07-01 0 days 2,733 sqft
2021-08-01 0 days 2,510 sqft
2021-09-01 0 days 2,369 sqft
2021-10-01 0 days 2,474 sqft
2021-11-01 0 days 2,452 sqft
2021-12-01 0 days 2,549 sqft
2022-01-01 0 days 2,814 sqft
2022-02-01 0 days 2,761 sqft
2022-03-01 0 days 2,908 sqft
2022-04-01 0 days 2,860 sqft
Cheyenne's median listing age (time on market) for 2022-04-01 was 0 days.

Cheyenne's median square footage for active listings during the 2022-04-01 period was 2,860 sqft. One year prior, the average listing was 2,487 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.