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 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 6.74% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.63%.

    The average rate one year ago was 5.92%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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
    Cheyenne's median listing price for 2024-03-01 was $497,000, a difference of $-36,150 (-6.8%) versus the prior year and $19,525 versus the prior month.

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

    Cheyenne's average listing price for 2024-03-01 was $518,141, a difference of $-21,366 (-4.0%) versus the prior year and $11,727 versus the prior month.

    For the 2024-03-01 period, Cheyenne had 260 MLS listings, a difference of -47 listings (-15%) versus the prior month and -46 listings (-15%) 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
    Cheyenne's median listing age (time on market) for 2024-03-01 was 0 days.

    Cheyenne's median square footage for active listings during the 2024-03-01 period was 2,718 sqft. One year prior, the average listing was 2,926 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.