Cheyenne VA Loan Rates, Closing Costs & Stats

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 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 53 lenders originated 446 VA loans during 2023. The total origination value was $162,950,000, with an average VA loan value of $365,359.

Cheyenne VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Cheyenne averaged -0.22% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Cheyenne's average VA mortgage closing costs are $7,003.

The average rate for the prior week (2024-11-22) was 6.45% and one month ago for the week of 2024-10-25, the average rate was 6.24%.

The average rate one year ago was 7.08%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 52 6.67% $6,978
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.37% $8,779
Wallick & Volk, Inc. 30 6.15% $11,578
QUICKEN LOANS, LLC 27 5.96% $10,145
CROSSCOUNTRY MORTGAGE, LLC 25 6.14% $9,904
Jonah Bank of Wyoming 21 6.12% $8,019
GUILD MORTGAGE COMPANY 17 6.21% $10,881
NAVY FEDERAL CREDIT UNION 15 5.58% $6,518
First Interstate Bank 13 5.85% $11,416
CORNERSTONE HOME LENDING, INC. 11 6.14% $11,061
AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.13% $12,937
USAA Federal Savings Bank 10 6.24% $9,332
U.S. Bank 8 6.25% $9,038
UNITED WHOLESALE MORTGAGE, LLC 7 6.66% $10,657
Mr. Cooper ( Nationstar Mortgage ) 7 6.00% $19,301
PENTAGON FEDERAL CREDIT UNION 6 5.44% $9,670
CENTENNIAL LENDING, LLC 6 6.00% $7,395
PENNYMAC LOAN SERVICES, LLC 5 5.53% $6,408
NEW DAY FINANCIAL, LLC 5 7.52% $14,447
FREEDOM MORTGAGE CORPORATION 5 6.15% $17,953
The Federal Savings Bank 4 6.25% $18,219
BROKER SOLUTIONS, INC. 3 6.46% $9,057
AMERICAN FINANCIAL NETWORK, INC. 3 6.04% $3,918
Century Mortgage Company DBA Century Lending Company 3 5.79% $5,047
CMG MORTGAGE, INC. 3 6.91% $8,855
LOANDEPOT.COM, LLC 3 5.95% $17,042
TOWNE MORTGAGE COMPANY 3 5.88% $7,671
Unify Home Lending Inc. 3 5.83% $2,981
VILLAGE CAPITAL MORTGAGE 3 6.04% $8,741
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $5,402
Barrington Bank & Trust Company, N.A. 2 5.50% $10,211
First National Bank of Omaha 2 6.13% $19,204
AMERICAN FINANCING CORPORATION 2 6.69% $10,768
BAY EQUITY LLC 2 6.81% $2,652
GUARANTEED RATE, INC. 2 6.21% $12,041
CRESCENT MORTGAGE COMPANY 1 7.13% $22,533
PLANET HOME LENDING, LLC 1 3.63% $3,045
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $14,550
Colonial Savings, F.A. 1 5.63% $22,114
GUARANTEED RATE AFFINITY, LLC 1 6.00% $20,790
SUMMIT FUNDING, INC. 1 5.99% $16,890
CHURCHILL MORTGAGE CORPORATION 1 7.00% $4,291
VERITAS FUNDING, LLC 1 7.25% $22,183
UNIVERSAL LENDING CORPORATION 1 5.75% $5,248
JPMorgan Chase Bank 1 5.25% $500
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $13,387
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $7,714
RELIANCE FIRST CAPITAL, LLC 1 6.38% $16,063
NBKC BANK 1 5.63% $12,041
First State Bank 1 6.00% $12,120
NEWREZ LLC 1 6.75% $16,059
North American Savings Bank, F.S.B. 1 5.50% $11,096
Peak Financial 1 5.75% $5,248

The top Cheyenne VA lender as defined by loan originations is Mortgage Research Center, LLC, with 52 VA loans originated. Their average total fees are $6,978, which is $1,801 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Cheyenne VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,518), Mortgage Research Center, LLC ($6,978), Jonah Bank of Wyoming ($8,019), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,779) and USAA Federal Savings Bank ($9,332).

The lowest rate Cheyenne VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.58%), First Interstate Bank (5.85%), QUICKEN LOANS, LLC (5.96%), Jonah Bank of Wyoming (6.12%) and AMERICAN PACIFIC MORTGAGE CORPORATION (6.13%).


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 $310,000 (11.4%) $341,884 (11.2%) 0.00 309
2018-02-01 $315,750 (8.1%) $344,970 (10.7%) 0.00 299
2018-03-01 $299,900 (-1.7%) $343,410 (5.8%) 0.00 314
2018-04-01 $292,200 (-2.6%) $341,812 (4.1%) 0.00 337
2018-05-01 $300,000 (1.7%) $344,735 (5.6%) 0.00 352
2018-06-01 $299,900 (4.7%) $343,035 (8.0%) 0.00 364
2018-07-01 $299,800 (5.0%) $343,947 (7.3%) 0.00 373
2018-08-01 $290,358 (1.2%) $336,157 (6.4%) 0.00 388
2018-09-01 $290,358 (0.2%) $334,333 (3.4%) 0.00 371
2018-10-01 $289,650 (1.5%) $329,823 (4.5%) 0.00 347
2018-11-01 $289,950 (1.3%) $332,810 (3.1%) 0.00 328
2018-12-01 $285,000 (-1.4%) $327,963 (-0.8%) 0.00 324
2019-01-01 $290,428 (-6.3%) $327,571 (-4.2%) 0.00 277
2019-02-01 $295,800 (-6.3%) $334,416 (-3.1%) 0.00 218
2019-03-01 $292,871 (-2.3%) $337,730 (-1.7%) 0.00 229
2019-04-01 $306,250 (4.8%) $344,981 (0.9%) 0.00 257
2019-05-01 $325,810 (8.6%) $353,527 (2.6%) 0.00 241
2019-06-01 $352,900 (17.7%) $368,033 (7.3%) 0.00 224
2019-07-01 $339,650 (13.3%) $371,946 (8.1%) 0.00 235
2019-08-01 $333,218 (14.8%) $371,955 (10.7%) 0.00 259
2019-09-01 $334,220 (15.1%) $369,336 (10.5%) 0.00 298
2019-10-01 $335,000 (15.7%) $367,589 (11.5%) 0.00 320
2019-11-01 $340,200 (17.3%) $367,858 (10.5%) 0.00 268
2019-12-01 $343,500 (20.5%) $371,807 (13.4%) 0.00 246
2020-01-01 $341,125 (17.5%) $369,036 (12.7%) 0.00 220
2020-02-01 $358,000 (21.0%) $374,196 (11.9%) 0.00 201
2020-03-01 $369,450 (26.2%) $391,702 (16.0%) 0.00 217
2020-04-01 $364,725 (19.1%) $380,675 (10.4%) 0.00 265
2020-05-01 $365,500 (12.2%) $389,650 (10.2%) 0.00 262
2020-06-01 $370,250 (4.9%) $389,665 (5.9%) 0.00 276
2020-07-01 $373,300 (9.9%) $394,091 (6.0%) 0.00 289
2020-08-01 $372,475 (11.8%) $389,563 (4.7%) 0.00 267
2020-09-01 $360,625 (7.9%) $386,973 (4.8%) 0.00 241
2020-10-01 $353,000 (5.4%) $387,131 (5.3%) 0.00 245
2020-11-01 $341,400 (0.4%) $396,981 (7.9%) 0.00 206
2020-12-01 $374,950 (9.2%) $406,685 (9.4%) 0.00 169
2021-01-01 $435,000 (27.5%) $421,645 (14.3%) 0.00 119
2021-02-01 $454,450 (26.9%) $450,881 (20.5%) 0.00 106
2021-03-01 $423,725 (14.7%) $421,841 (7.7%) 0.00 101
2021-04-01 $392,250 (7.6%) $402,105 (5.6%) 0.00 106
2021-05-01 $399,900 (9.4%) $425,605 (9.2%) 0.00 98
2021-06-01 $408,750 (10.4%) $445,028 (14.2%) 0.00 117
2021-07-01 $435,000 (16.5%) $465,826 (18.2%) 0.00 133
2021-08-01 $408,750 (9.7%) $468,802 (20.3%) 0.00 151
2021-09-01 $372,250 (3.2%) $445,972 (15.3%) 0.00 163
2021-10-01 $375,000 (6.2%) $431,766 (11.5%) 0.00 186
2021-11-01 $377,475 (10.6%) $433,060 (9.1%) 0.00 182
2021-12-01 $439,000 (17.1%) $451,944 (11.1%) 0.00 171
2022-01-01 $482,500 (10.9%) $481,929 (14.3%) 0.00 125
2022-02-01 $482,450 (6.2%) $499,757 (10.8%) 0.00 102
2022-03-01 $522,000 (23.2%) $540,556 (28.1%) 0.00 82
2022-04-01 $519,950 (32.6%) $527,659 (31.2%) 0.00 90
2022-05-01 $484,950 (21.3%) $506,085 (18.9%) 0.00 139
2022-06-01 $437,500 (7.0%) $502,962 (13.0%) 0.00 222
2022-07-01 $475,000 (9.2%) $513,046 (10.1%) 0.00 324
2022-08-01 $489,850 (19.8%) $522,553 (11.5%) 0.00 354
2022-09-01 $488,350 (31.2%) $512,390 (14.9%) 0.00 374
2022-10-01 $474,900 (26.6%) $509,629 (18.0%) 0.00 387
2022-11-01 $466,125 (23.5%) $504,656 (16.5%) 0.00 404
2022-12-01 $467,000 (6.4%) $501,721 (11.0%) 0.00 378
2023-01-01 $469,675 (-2.7%) $506,840 (5.2%) 0.00 341
2023-02-01 $498,625 (3.4%) $522,333 (4.5%) 0.00 321
2023-03-01 $533,150 (2.1%) $539,507 (-0.2%) 0.00 306
2023-04-01 $540,000 (3.9%) $563,617 (6.8%) 0.00 314
2023-05-01 $549,100 (13.2%) $568,050 (12.2%) 0.00 321
2023-06-01 $530,750 (21.3%) $553,377 (10.0%) 0.00 343
2023-07-01 $500,000 (5.3%) $540,168 (5.3%) 0.00 354
2023-08-01 $475,000 (-3.0%) $514,726 (-1.5%) 0.00 379
2023-09-01 $464,900 (-4.8%) $495,912 (-3.2%) 0.00 385
2023-10-01 $454,781 (-4.2%) $494,899 (-2.9%) 0.00 407
2023-11-01 $460,000 (-1.3%) $502,169 (-0.5%) 0.00 388
2023-12-01 $450,000 (-3.6%) $493,001 (-1.7%) 0.00 372
2024-01-01 $457,000 (-2.7%) $491,741 (-3.0%) 0.00 326
2024-02-01 $477,475 (-4.2%) $506,414 (-3.1%) 0.00 307
2024-03-01 $497,000 (-6.8%) $518,141 (-4.0%) 0.00 260
2024-04-01 $499,450 (-7.5%) $578,308 (2.6%) 0.00 249
2024-05-01 $470,000 (-14.4%) $578,590 (1.9%) 0.00 243
2024-06-01 $454,700 (-14.3%) $558,501 (0.9%) 0.00 285
2024-07-01 $454,900 (-9.0%) $562,389 (4.1%) 0.00 327
2024-08-01 $449,900 (-5.3%) $555,258 (7.9%) 0.00 343
2024-09-01 $460,600 (-0.9%) $555,378 (12.0%) 0.00 377
2024-10-01 $461,975 (1.6%) $546,325 (10.4%) 0.00 392
Cheyenne's median listing price for 2024-10-01 was $461,975, a difference of $7,194 (1.6%) versus the prior year and $1,375 versus the prior month.

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

Cheyenne's average listing price for 2024-10-01 was $546,325, a difference of $51,426 (10.4%) versus the prior year and $-9,053 versus the prior month.

For the 2024-10-01 period, Cheyenne had 392 MLS listings, a difference of 15 listings (4%) versus the prior month and -15 listings (-4%) 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 2,738 sqft
2018-02-01 0 days 2,757 sqft
2018-03-01 0 days 2,664 sqft
2018-04-01 0 days 2,626 sqft
2018-05-01 0 days 2,626 sqft
2018-06-01 0 days 2,615 sqft
2018-07-01 0 days 2,614 sqft
2018-08-01 0 days 2,566 sqft
2018-09-01 0 days 2,566 sqft
2018-10-01 0 days 2,528 sqft
2018-11-01 0 days 2,511 sqft
2018-12-01 0 days 2,437 sqft
2019-01-01 0 days 2,455 sqft
2019-02-01 0 days 2,529 sqft
2019-03-01 0 days 2,452 sqft
2019-04-01 0 days 2,494 sqft
2019-05-01 0 days 2,518 sqft
2019-06-01 0 days 2,652 sqft
2019-07-01 0 days 2,664 sqft
2019-08-01 0 days 2,537 sqft
2019-09-01 0 days 2,547 sqft
2019-10-01 0 days 2,553 sqft
2019-11-01 0 days 2,608 sqft
2019-12-01 0 days 2,631 sqft
2020-01-01 0 days 2,535 sqft
2020-02-01 0 days 2,652 sqft
2020-03-01 0 days 2,707 sqft
2020-04-01 0 days 2,653 sqft
2020-05-01 0 days 2,663 sqft
2020-06-01 0 days 2,630 sqft
2020-07-01 0 days 2,675 sqft
2020-08-01 0 days 2,714 sqft
2020-09-01 0 days 2,664 sqft
2020-10-01 0 days 2,596 sqft
2020-11-01 0 days 2,518 sqft
2020-12-01 0 days 2,741 sqft
2021-01-01 0 days 2,928 sqft
2021-02-01 0 days 3,010 sqft
2021-03-01 0 days 2,746 sqft
2021-04-01 0 days 2,492 sqft
2021-05-01 0 days 2,680 sqft
2021-06-01 0 days 2,619 sqft
2021-07-01 0 days 2,762 sqft
2021-08-01 0 days 2,478 sqft
2021-09-01 0 days 2,361 sqft
2021-10-01 0 days 2,454 sqft
2021-11-01 0 days 2,478 sqft
2021-12-01 0 days 2,541 sqft
2022-01-01 0 days 2,780 sqft
2022-02-01 0 days 2,780 sqft
2022-03-01 0 days 2,909 sqft
2022-04-01 0 days 2,860 sqft
2022-05-01 0 days 2,765 sqft
2022-06-01 0 days 2,537 sqft
2022-07-01 0 days 2,774 sqft
2022-08-01 0 days 2,844 sqft
2022-09-01 0 days 2,713 sqft
2022-10-01 0 days 2,716 sqft
2022-11-01 0 days 2,768 sqft
2022-12-01 0 days 2,762 sqft
2023-01-01 0 days 2,720 sqft
2023-02-01 0 days 2,820 sqft
2023-03-01 0 days 2,926 sqft
2023-04-01 0 days 3,012 sqft
2023-05-01 0 days 3,005 sqft
2023-06-01 0 days 2,945 sqft
2023-07-01 0 days 2,773 sqft
2023-08-01 0 days 2,662 sqft
2023-09-01 0 days 2,612 sqft
2023-10-01 0 days 2,622 sqft
2023-11-01 0 days 2,663 sqft
2023-12-01 0 days 2,628 sqft
2024-01-01 0 days 2,652 sqft
2024-02-01 0 days 2,683 sqft
2024-03-01 0 days 2,718 sqft
2024-04-01 0 days 2,713 sqft
2024-05-01 0 days 2,645 sqft
2024-06-01 0 days 2,606 sqft
2024-07-01 0 days 2,619 sqft
2024-08-01 0 days 2,576 sqft
2024-09-01 0 days 2,543 sqft
2024-10-01 0 days 2,548 sqft
Cheyenne's median listing age (time on market) for 2024-10-01 was 0 days.

Cheyenne's median square footage for active listings during the 2024-10-01 period was 2,548 sqft. One year prior, the average listing was 2,622 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.