Chicago VA Loan Rates, Closing Costs & Stats

Chicago-Naperville-Elgin, IL-IN-WI

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.

Chicago's 193 lenders originated 4,348 VA loans during 2023. The total origination value was $1,448,330,000, with an average VA loan value of $333,103.

Chicago VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Chicago averaged 7.06% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Chicago's average VA mortgage closing costs are $6,163.

The average rate for the prior week (2024-04-05) was 6.6% and one month ago for the week of 2024-03-08, the average rate was 6.74%.

The average rate one year ago was 5.93%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.1%.

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

Chicago 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 Chicago level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 906 6.73% $7,875
QUICKEN LOANS, LLC 256 6.20% $11,605
GUARANTEED RATE, INC. 234 6.39% $6,728
NAVY FEDERAL CREDIT UNION 211 5.87% $7,311
UNITED WHOLESALE MORTGAGE, LLC 171 6.44% $9,539
LOANDEPOT.COM, LLC 131 6.46% $11,418
The Federal Savings Bank 125 6.41% $12,180
CROSSCOUNTRY MORTGAGE, LLC 121 6.80% $10,086
USAA Federal Savings Bank 91 6.35% $9,526
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 91 6.86% $8,390
FREEDOM MORTGAGE CORPORATION 87 6.60% $14,291
PENNYMAC LOAN SERVICES, LLC 65 5.67% $9,269
AMERICAN PACIFIC MORTGAGE CORPORATION 64 6.61% $11,111
Barrington Bank & Trust Company, N.A. 58 6.46% $9,523
DHI MORTGAGE COMPANY, LTD. 56 5.47% $7,599
FIRST CENTENNIAL MORTGAGE CORPORATION 53 6.60% $7,431
Neighborhood Loans, Inc. 51 6.74% $10,232
EAGLE HOME MORTGAGE, LLC 51 5.49% $6,534
Mr. Cooper ( Nationstar Mortgage ) 46 6.11% $12,981
JPMorgan Chase Bank 42 6.37% $7,347
Key Mortgage Services, Inc. 41 6.70% $9,673
NEWREZ LLC 40 6.78% $9,570
MUTUAL OF OMAHA MORTGAGE, INC. 38 6.59% $11,890
GUARANTEED RATE AFFINITY, LLC 33 6.45% $8,554
NEW DAY FINANCIAL, LLC 32 7.45% $13,277
CALIBER HOME LOANS, INC. 31 6.29% $9,856
The Huntington National Bank 29 6.63% $5,731
COMPASS MORTGAGE, INC. 27 6.71% $11,643
AMERISAVE MORTGAGE CORPORATION 27 5.90% $18,292
PENTAGON FEDERAL CREDIT UNION 25 5.84% $7,636
VILLAGE CAPITAL MORTGAGE 25 6.05% $9,987
Flagstar Bank, FSB 24 6.61% $7,652
PLANET HOME LENDING, LLC 21 6.57% $7,674
Wells Fargo Bank 21 5.92% $6,771
GUILD MORTGAGE COMPANY 21 6.95% $13,022
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 20 6.71% $10,975
CARDINAL FINANCIAL 20 6.64% $11,111
AMERICAN FINANCIAL NETWORK, INC. 20 6.84% $7,126
Paramount Residential Mortgage Group, Inc. 19 6.86% $9,012
Plains Commerce Bank 19 6.38% $10,471
AMERICAN PORTFOLIO MORTGAGE CORPORATION 19 6.70% $7,352
PROPER RATE, LLC 19 6.51% $10,163
BROKER SOLUTIONS, INC. 17 6.49% $12,393
DRAPER AND KRAMER MORTGAGE CORP. 17 6.39% $8,262
DIRECT MORTGAGE LOANS, LLC 16 6.97% $14,299
BAY EQUITY LLC 16 6.55% $11,747
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 15 6.39% $6,175
UNION HOME MORTGAGE CORP. 15 6.83% $9,093
U.S. Bank 15 6.28% $8,470
Nations Lending Corporation 14 6.72% $10,751
M/I FINANCIAL, LLC 13 6.02% $12,179
University Bank 13 6.03% $7,393
Prosperity Home Mortgage, LLC 13 6.38% $8,446
UNITED HOME LOANS, INC. 12 6.38% $8,359
GREENSTATE CREDIT UNION 12 6.43% $7,094
PULTE MORTGAGE LLC 12 6.05% $10,239
Magnolia Bank 11 6.42% $14,463
LEADERONE FINANCIAL CORPORATION 11 6.82% $7,603
CIBM Bank 11 6.82% $8,829
MICHIGAN MUTUAL, INC. 11 6.55% $5,965
FIRST COMMUNITY MORTGAGE, INC. 11 6.81% $12,090
NBKC BANK 10 5.94% $7,527
NVR Mortgage Finance, Inc. 10 6.02% $7,116
Pacor Mortgage Corp 10 6.60% $10,829
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.51% $10,439
Equity Prime Mortgage LLC 9 7.13% $9,251
SUN WEST MORTGAGE COMPANY, INC. 9 6.46% $5,735
PLAZA HOME MORTGAGE, INC. 9 6.64% $10,854
MORTGAGE SOLUTIONS OF COLORADO, LLC 9 7.60% $5,788
CMG MORTGAGE, INC. 8 6.27% $10,885
HOMESIDE FINANCIAL, LLC 8 7.06% $13,326
Century Mortgage Company DBA Century Lending Company 8 6.78% $6,769
Ixonia Bank 8 7.52% $8,877
First Federal Bank 8 6.27% $7,675
Waterstone Mortgage Corporation 7 6.52% $8,114
Fifth Third Bank 7 6.05% $7,642
GENEVA FINANCIAL, LLC 7 7.11% $8,436
LAKEVIEW LOAN SERVICING, LLC 7 6.14% $10,192
MOVEMENT MORTGAGE, LLC 7 6.80% $7,883
PNC Bank 7 6.59% $10,940
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 6.98% $10,675
Old Second National Bank 6 6.13% $11,274
TOWNE MORTGAGE COMPANY 6 6.92% $7,913
GATEWAY MORTGAGE CORPORATION 6 6.92% $6,996
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.83% $8,545
American Mortgage & Equity Consultants, Inc. 6 6.56% $11,125
Mid-Continent Funding, Inc. 6 6.40% $10,405
Bank of England 6 6.44% $7,029
DAS Acquisition Company, LLC 5 6.98% $8,056
FIRST STATE MORTGAGE SERVICES, LLC 5 6.25% $6,773
SUCCESS MORTGAGE PARTNERS, INC. 5 6.18% $8,384
CITY FIRST MORTGAGE SERVICES, L.L.C. 5 7.22% $11,584
BNC National Bank 5 5.48% $11,278
SUMMIT FUNDING, INC. 4 6.75% $11,744
CIBC Bank USA 4 6.66% $9,095
GSF Mortgage Corporation 4 6.63% $5,170
T2 FINANCIAL LLC 4 6.59% $14,549
RUOFF MORTGAGE COMPANY, INC. 4 6.94% $3,205
The Central Trust Bank 4 5.78% $10,858
OCMBC, INC. 3 6.88% $9,183
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.50% $10,253
PREMIA MORTGAGE, LLC 3 6.00% $8,137
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.08% $10,178
Regions Bank 3 6.21% $8,773
NATIONS RELIABLE LENDING, LLC 3 6.71% $8,578
Servion, Inc. 3 6.50% $15,325
Armed Forces Bank 3 5.96% $14,020
Community First National Bank 3 6.33% $8,315
Carrington Mortgage Services, LLC 3 5.46% $10,943
Old National Bank 3 6.46% $7,007
AMERICAN FINANCIAL RESOURCES, INC. 3 7.38% $5,945
Lakeview Community Capital, LLC 3 6.29% $7,824
MLD MORTGAGE INC. 3 6.50% $7,428
Cornerstone First Mortgage, Inc 2 7.63% $12,416
North American Savings Bank, F.S.B. 2 5.94% $10,404
THE ANDERSON FINANCIAL GROUP, INC. 2 6.19% $7,882
CHURCHILL MORTGAGE CORPORATION 2 6.38% $9,045
LAND HOME FINANCIAL SERVICES, INC. 2 6.19% $13,762
First Savings Bank 2 6.00% $12,530
NATIONS DIRECT MORTGAGE, LLC 2 7.00% $8,050
PARLAY MORTGAGE & PROPERTY, INC. 2 6.56% $6,145
Associated Bank 2 5.81% $6,127
Ameris Bank 2 6.63% $3,738
Bank Five Nine 2 6.56% $9,459
GUARANTY HOME MORTGAGE CORPORATION 2 6.50% $10,646
First National Bank of Omaha 2 6.56% $5,072
Platinum Home Mortgage Corporation 2 6.50% $11,049
Bank of America 2 6.25% $7,362
Paramount Bank 2 7.38% $9,379
Citibank 2 5.31% $8,243
VERITAS FUNDING, LLC 2 6.75% $16,893
HALLMARK HOME MORTGAGE, LLC 2 7.25% $10,297
CONTOUR MORTGAGE CORPORATION 2 7.06% $17,910
CHERRY CREEK MORTGAGE, LLC 2 6.75% $9,698
FLAT BRANCH MORTGAGE, INC. 2 6.00% $9,088
Horizon Bank 2 6.13% $5,416
SOVEREIGN LENDING GROUP INCORPORATED 2 5.88% $17,976
Meridian Bank Corporation 2 6.43% $19,860
ACADEMY MORTGAGE CORPORATION 2 6.94% $15,118
Truist 1 6.70% $4,062
GVC MORTGAGE, INC. 1 7.13% $11,684
EVERETT FINANCIAL, INC. 1 7.13% $21,414
HOMESTAR FINANCIAL CORPORATION 1 7.25% $3,901
HOMESTEAD FUNDING CORP. 1 5.25% $1,522
KELLER MORTGAGE, LLC 1 6.13% $5,988
CROWN MORTGAGE COMPANY 1 7.00% $12,609
LADERA LENDING, INC. 1 5.63% $12,030
LAKE MORTGAGE COMPANY INC 1 6.75% $1,828
ALLIED MORTGAGE GROUP, INC. 1 7.00% $13,712
CORNERSTONE HOME LENDING, INC. 1 5.63% $27,646
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $21,477
LOANPAL, LLC 1 6.38% $14,339
MID AMERICA MORTGAGE, INC. 1 6.50% $16,865
FAMILY FINANCE MORTGAGE, LLC 1 7.25% $8,402
MORTGAGE ACCESS CORP. 1 6.25% $27,114
Mortgage Assurance Inc. 1 6.25% $2,396
Fortress Bank 1 7.25% $5,430
V.I.P. MORTGAGE, INC. 1 5.75% $17,774
Chickasaw Community Bank 1 7.25% $5,430
Chicago Mortgage Solutions LLC 1 6.25% $10,888
Network Funding, L.P. 1 7.13% $19,867
NFM, INC. 1 6.25% $9,759
NORWICH COMMERCIAL GROUP, INC. 1 6.75% $21,857
First Merchants Bank 1 6.63% $3,843
OCEANSIDE MORTGAGE COMPANY 1 6.63% $6,241
ONE NEVADA CREDIT UNION 1 5.25% $7,189
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.25% $11,600
ALAMEDA MORTGAGE CORPORATION 1 5.99% $5,243
Centier Bank 1 6.63% $2,446
PHH Mortgage Corporation 1 7.13% $462
BAYSHORE MORTGAGE FUNDING, LLC 1 8.13% $9,751
Flanagan State Bank 1 7.25% $4,450
FirstBank 1 5.88% $10,588
Assurance Financial Group, L.L.C. 1 5.75% $16,601
RELIANCE FIRST CAPITAL, LLC 1 6.13% $9,281
ROSS MORTGAGE CORPORATION 1 7.38% $20,214
ROYAL UNITED MORTGAGE LLC 1 6.00% $15,489
Semper Home Loans, Inc. 1 6.75% $5,982
Service Federal Credit Union 1 5.38% $817
Springfield First Community Bank 1 7.00% $14,293
Stifel Bank and Trust 1 5.75% $5,216
STOCKTON MORTGAGE CORPORATION 1 5.75% $16,097
Stride Bank 1 7.00% $2,309
Sunflower Bank 1 5.13% $5,104
TBI MORTGAGE COMPANY 1 6.25% $1,745
EDUCATORS CREDIT UNION 1 6.13% $1,485
Tyndall Federal Credit Union 1 7.63% $23,024
United Fidelity Funding Corp. 1 6.50% $9,393
AmeriHome Mortgage Company, LLC 1 7.25% $1,928
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.75% $9,743
VAN DYK MORTGAGE CORPORATION 1 6.00% $5,140
ENDEAVOR CAPITAL, LLC. 1 6.99% $7,981
EMM LOANS LLC 1 5.75% $12,808

The top Chicago VA lender as defined by loan originations is Mortgage Research Center, LLC, with 906 VA loans originated. Their average total fees are $7,875, which is $3,729 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Chicago VA lenders (with over 10 loans originated) are The Huntington National Bank ($5,731), MICHIGAN MUTUAL, INC. ($5,965), GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION ($6,175), EAGLE HOME MORTGAGE, LLC ($6,534) and GUARANTEED RATE, INC. ($6,728).

The lowest rate Chicago VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.47%), EAGLE HOME MORTGAGE, LLC (5.49%), PENNYMAC LOAN SERVICES, LLC (5.67%), PENTAGON FEDERAL CREDIT UNION (5.84%) and NAVY FEDERAL CREDIT UNION (5.87%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Chicago (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 $287,250 (6.0%) $450,198 (4.4%) 1.06 27,462
2018-02-01 $302,450 (6.1%) $469,270 (4.1%) 1.10 27,948
2018-03-01 $325,000 (8.5%) $488,491 (5.1%) 1.14 29,774
2018-04-01 $330,000 (6.8%) $492,259 (4.2%) 1.12 31,628
2018-05-01 $334,400 (5.3%) $489,942 (3.3%) 1.12 33,742
2018-06-01 $329,999 (3.9%) $482,120 (2.3%) 1.10 36,367
2018-07-01 $324,950 (3.2%) $471,211 (1.1%) 1.09 38,489
2018-08-01 $319,700 (6.2%) $460,166 (1.2%) 1.07 39,562
2018-09-01 $315,000 (5.0%) $453,664 (0.9%) 1.06 40,227
2018-10-01 $309,950 (3.4%) $448,859 (-0.6%) 1.05 39,897
2018-11-01 $299,950 (1.8%) $445,523 (-0.6%) 1.02 37,550
2018-12-01 $295,000 (2.3%) $437,492 (-1.1%) 1.02 32,861
2019-01-01 $295,950 (3.0%) $440,629 (-2.1%) 1.02 29,958
2019-02-01 $309,500 (2.3%) $462,206 (-1.5%) 1.05 30,301
2019-03-01 $324,429 (-0.2%) $476,331 (-2.5%) 1.06 32,305
2019-04-01 $338,000 (2.4%) $485,274 (-1.4%) 1.07 34,403
2019-05-01 $339,250 (1.5%) $480,555 (-1.9%) 1.06 36,832
2019-06-01 $335,000 (1.5%) $475,597 (-1.4%) 1.05 38,918
2019-07-01 $329,950 (1.5%) $468,106 (-0.7%) 1.03 40,388
2019-08-01 $324,413 (1.5%) $459,228 (-0.2%) 1.03 40,814
2019-09-01 $318,556 (1.1%) $452,742 (-0.2%) 1.02 40,712
2019-10-01 $314,250 (1.4%) $448,126 (-0.2%) 1.01 40,421
2019-11-01 $304,900 (1.7%) $442,261 (-0.7%) 1.00 36,899
2019-12-01 $299,000 (1.4%) $438,810 (0.3%) 1.00 31,661
2020-01-01 $299,450 (1.2%) $441,973 (0.3%) 1.00 28,836
2020-02-01 $315,000 (1.8%) $464,365 (0.5%) 1.03 29,381
2020-03-01 $325,000 (0.2%) $473,384 (-0.6%) 1.02 29,997
2020-04-01 $323,400 (-4.3%) $463,299 (-4.5%) 1.01 28,555
2020-05-01 $329,000 (-3.0%) $474,902 (-1.2%) 1.00 28,624
2020-06-01 $336,085 (0.3%) $486,544 (2.3%) 0.99 28,543
2020-07-01 $339,997 (3.1%) $494,375 (5.6%) 0.99 27,611
2020-08-01 $344,900 (6.3%) $499,470 (8.8%) 0.99 27,206
2020-09-01 $343,533 (7.8%) $502,320 (11.0%) 0.98 27,378
2020-10-01 $339,900 (8.2%) $497,662 (11.1%) 0.97 27,446
2020-11-01 $331,995 (8.9%) $494,847 (11.9%) 0.97 24,897
2020-12-01 $325,000 (8.7%) $492,399 (12.2%) 0.97 21,084
2021-01-01 $325,000 (8.5%) $502,827 (13.8%) 0.97 18,121
2021-02-01 $339,450 (7.8%) $540,781 (16.5%) 0.99 16,161
2021-03-01 $349,000 (7.4%) $548,858 (15.9%) 0.99 15,877
2021-04-01 $349,900 (8.2%) $548,921 (18.5%) 0.95 16,543
2021-05-01 $350,000 (6.4%) $545,338 (14.8%) 0.93 17,476
2021-06-01 $350,000 (4.1%) $534,224 (9.8%) 0.92 19,693
2021-07-01 $349,000 (2.7%) $518,631 (4.9%) 0.92 21,816
2021-08-01 $337,450 (-2.2%) $497,342 (-0.4%) 0.90 22,741
2021-09-01 $329,900 (-4.0%) $488,052 (-2.8%) 0.88 22,674
2021-10-01 $325,900 (-4.1%) $484,835 (-2.6%) 0.87 21,992
2021-11-01 $319,950 (-3.6%) $482,043 (-2.6%) 0.86 19,187
2021-12-01 $312,250 (-3.9%) $476,999 (-3.1%) 0.85 15,720
2022-01-01 $310,000 (-4.6%) $489,349 (-2.7%) 0.84 12,838
2022-02-01 $322,500 (-5.0%) $513,937 (-5.0%) 0.84 11,726
2022-03-01 $332,450 (-4.7%) $523,593 (-4.6%) 0.83 12,152
2022-04-01 $349,900 (0.0%) $531,824 (-3.1%) 0.83 12,382
2022-05-01 $354,900 (1.4%) $535,363 (-1.8%) 0.81 14,846
2022-06-01 $359,900 (2.8%) $530,444 (-0.7%) 0.80 17,050
2022-07-01 $350,000 (0.3%) $513,670 (-1.0%) 0.79 19,719
2022-08-01 $349,450 (3.6%) $507,873 (2.1%) 0.81 19,915
2022-09-01 $340,000 (3.1%) $502,164 (2.9%) 0.79 19,797
2022-10-01 $339,700 (4.2%) $498,038 (2.7%) 0.80 19,804
2022-11-01 $329,950 (3.1%) $490,600 (1.8%) 0.79 19,018
2022-12-01 $322,425 (3.3%) $481,210 (0.9%) 0.80 16,289
2023-01-01 $327,450 (5.6%) $492,894 (0.7%) 0.81 14,258
2023-02-01 $337,495 (4.7%) $517,753 (0.7%) 0.81 12,900
2023-03-01 $352,400 (6.0%) $544,425 (4.0%) 0.83 12,275
2023-04-01 $369,000 (5.5%) $567,358 (6.7%) 0.86 11,825
2023-05-01 $376,238 (6.0%) $591,637 (10.5%) 0.85 12,109
2023-06-01 $382,500 (6.3%) $589,573 (11.2%) 0.86 13,082
2023-07-01 $389,000 (11.1%) $586,899 (14.3%) 0.88 13,965
2023-08-01 $384,500 (10.0%) $578,186 (13.8%) 0.88 14,426
2023-09-01 $375,000 (10.3%) $565,520 (12.6%) 0.87 14,996
2023-10-01 $369,950 (8.9%) $559,841 (12.4%) 0.87 15,411
2023-11-01 $360,000 (9.1%) $548,387 (11.8%) 0.86 15,247
2023-12-01 $350,000 (8.6%) $534,697 (11.1%) 0.85 13,309
2024-01-01 $350,448 (7.0%) $547,765 (11.1%) 0.86 11,660
2024-02-01 $359,950 (6.7%) $573,169 (10.7%) 0.87 11,176
2024-03-01 $374,900 (6.4%) $593,109 (8.9%) 0.88 11,333
Chicago's median listing price for 2024-03-01 was $374,900, a difference of $22,500 (6.4%) versus the prior year and $14,950 versus the prior month.

Chicago's median listing price comes in at 88% of the national average.

Chicago's average listing price for 2024-03-01 was $593,109, a difference of $48,684 (8.9%) versus the prior year and $19,940 versus the prior month.

For the 2024-03-01 period, Chicago had 11,333 MLS listings, a difference of 157 listings (1%) versus the prior month and -942 listings (-8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Chicago (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 1,893 sqft
2018-02-01 54 days 1,951 sqft
2018-03-01 43 days 2,000 sqft
2018-04-01 40 days 2,015 sqft
2018-05-01 40 days 2,021 sqft
2018-06-01 42 days 2,016 sqft
2018-07-01 44 days 2,000 sqft
2018-08-01 47 days 1,980 sqft
2018-09-01 49 days 1,966 sqft
2018-10-01 51 days 1,934 sqft
2018-11-01 56 days 1,901 sqft
2018-12-01 67 days 1,865 sqft
2019-01-01 73 days 1,863 sqft
2019-02-01 55 days 1,903 sqft
2019-03-01 43 days 1,962 sqft
2019-04-01 39 days 2,000 sqft
2019-05-01 40 days 2,000 sqft
2019-06-01 43 days 2,000 sqft
2019-07-01 45 days 2,000 sqft
2019-08-01 48 days 1,971 sqft
2019-09-01 51 days 1,939 sqft
2019-10-01 54 days 1,917 sqft
2019-11-01 61 days 1,900 sqft
2019-12-01 74 days 1,869 sqft
2020-01-01 76 days 1,861 sqft
2020-02-01 45 days 1,915 sqft
2020-03-01 43 days 1,955 sqft
2020-04-01 51 days 1,929 sqft
2020-05-01 59 days 1,950 sqft
2020-06-01 45 days 1,938 sqft
2020-07-01 41 days 1,906 sqft
2020-08-01 40 days 1,872 sqft
2020-09-01 40 days 1,807 sqft
2020-10-01 43 days 1,791 sqft
2020-11-01 50 days 1,731 sqft
2020-12-01 58 days 1,700 sqft
2021-01-01 64 days 1,680 sqft
2021-02-01 45 days 1,679 sqft
2021-03-01 40 days 1,676 sqft
2021-04-01 33 days 1,692 sqft
2021-05-01 33 days 1,700 sqft
2021-06-01 32 days 1,726 sqft
2021-07-01 33 days 1,728 sqft
2021-08-01 36 days 1,702 sqft
2021-09-01 38 days 1,690 sqft
2021-10-01 40 days 1,670 sqft
2021-11-01 45 days 1,642 sqft
2021-12-01 53 days 1,602 sqft
2022-01-01 59 days 1,600 sqft
2022-02-01 39 days 1,600 sqft
2022-03-01 34 days 1,624 sqft
2022-04-01 30 days 1,656 sqft
2022-05-01 29 days 1,700 sqft
2022-06-01 30 days 1,725 sqft
2022-07-01 32 days 1,733 sqft
2022-08-01 36 days 1,725 sqft
2022-09-01 40 days 1,709 sqft
2022-10-01 40 days 1,710 sqft
2022-11-01 44 days 1,703 sqft
2022-12-01 54 days 1,700 sqft
2023-01-01 60 days 1,700 sqft
2023-02-01 44 days 1,703 sqft
2023-03-01 40 days 1,744 sqft
2023-04-01 38 days 1,782 sqft
2023-05-01 34 days 1,800 sqft
2023-06-01 34 days 1,801 sqft
2023-07-01 36 days 1,815 sqft
2023-08-01 36 days 1,801 sqft
2023-09-01 37 days 1,800 sqft
2023-10-01 37 days 1,794 sqft
2023-11-01 41 days 1,778 sqft
2023-12-01 50 days 1,758 sqft
2024-01-01 56 days 1,759 sqft
2024-02-01 40 days 1,763 sqft
2024-03-01 33 days 1,800 sqft
Chicago's median listing age (time on market) for 2024-03-01 was 33 days. This is -18% shorter than the same period one year ago.

Chicago's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,744 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.