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 199 lenders originated 5,749 VA loans during 2024. The total origination value was $2,034,255,000, with an average VA loan value of $353,845.

Chicago VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Chicago averaged 6.7% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Chicago's average VA mortgage closing costs are $6,359.

The average rate for the prior week (2025-03-28) was 6.52% and one month ago for the week of 2025-02-28, the average rate was 6.6%.

The average rate one year ago was 6.71%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.47%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 1,144 6.36% $6,715
UNITED WHOLESALE MORTGAGE, LLC 495 5.88% $7,837
QUICKEN LOANS, LLC 286 6.15% $10,790
GUARANTEED RATE, INC. 261 6.20% $6,161
FREEDOM MORTGAGE CORPORATION 249 6.21% $10,071
NAVY FEDERAL CREDIT UNION 218 5.90% $6,481
CROSSCOUNTRY MORTGAGE, LLC 186 6.42% $8,334
PENNYMAC LOAN SERVICES, LLC 165 5.75% $8,347
LOANDEPOT.COM, LLC 148 6.29% $10,374
USAA Federal Savings Bank 123 6.16% $8,781
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 103 6.60% $8,024
NEWREZ LLC 100 6.18% $7,481
VILLAGE CAPITAL MORTGAGE 86 5.73% $7,733
AMERICAN PACIFIC MORTGAGE CORPORATION 84 6.61% $9,360
The Federal Savings Bank 76 6.49% $13,309
Barrington Bank & Trust Company, N.A. 74 6.43% $6,214
DHI MORTGAGE COMPANY, LTD. 61 5.49% $7,260
EAGLE HOME MORTGAGE, LLC 60 5.19% $6,442
PLANET HOME LENDING, LLC 58 5.98% $4,983
Mr. Cooper ( Nationstar Mortgage ) 57 6.34% $9,002
GUILD MORTGAGE COMPANY 54 6.66% $9,612
JPMorgan Chase Bank 54 6.11% $4,937
MUTUAL OF OMAHA MORTGAGE, INC. 42 6.44% $11,845
NEW DAY FINANCIAL, LLC 42 7.48% $12,722
Carrington Mortgage Services, LLC 40 5.99% $9,099
COMPASS MORTGAGE, INC. 36 6.43% $11,116
Key Mortgage Services, Inc. 35 6.49% $9,515
BROKER SOLUTIONS, INC. 33 6.67% $10,729
LAKEVIEW LOAN SERVICING, LLC 33 5.77% $6,479
PROPER RATE, LLC 29 6.26% $9,529
U.S. Bank 26 6.44% $8,654
MORTGAGE SOLUTIONS OF COLORADO, LLC 26 7.37% $3,273
TOWNE MORTGAGE COMPANY 26 6.50% $11,021
NVR Mortgage Finance, Inc. 25 5.92% $6,985
GUARANTEED RATE AFFINITY, LLC 25 6.49% $6,591
UNION HOME MORTGAGE CORP. 24 6.42% $8,060
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 24 6.77% $9,457
BAY EQUITY LLC 24 6.49% $9,574
HOMESIDE FINANCIAL, LLC 24 6.88% $12,478
The Huntington National Bank 23 6.42% $7,678
NBKC BANK 23 5.86% $6,907
University Bank 21 5.81% $6,637
AMERICAN FINANCIAL NETWORK, INC. 20 6.71% $6,428
Ixonia Bank 20 6.66% $6,661
MOVEMENT MORTGAGE, LLC 20 6.62% $10,796
Flagstar Bank, FSB 19 6.48% $10,393
First Federal Bank 19 5.71% $8,241
Prosperity Home Mortgage, LLC 18 6.01% $10,112
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 18 6.30% $7,574
LEADERONE FINANCIAL CORPORATION 17 6.50% $10,675
CLEARPATH LENDING 16 5.69% $6,040
PENTAGON FEDERAL CREDIT UNION 16 5.94% $6,772
CMG MORTGAGE, INC. 15 6.17% $10,192
Magnolia Bank 14 5.98% $16,899
Paramount Residential Mortgage Group, Inc. 14 6.44% $8,966
CIBM Bank 14 6.46% $3,759
AMERICAN PORTFOLIO MORTGAGE CORPORATION 13 6.64% $8,410
Lakeview Community Capital, LLC 13 5.79% $6,031
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.33% $7,330
DIRECT MORTGAGE LOANS, LLC 13 6.39% $13,459
Equity Prime Mortgage LLC 13 6.72% $9,933
PULTE MORTGAGE LLC 12 6.22% $6,232
M/I FINANCIAL, LLC 12 5.88% $11,645
Nations Lending Corporation 11 6.11% $12,296
SUN WEST MORTGAGE COMPANY, INC. 11 6.47% $8,753
MICHIGAN MUTUAL, INC. 11 6.68% $7,022
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 6.44% $9,267
MLD MORTGAGE INC. 10 6.28% $10,578
PLAZA HOME MORTGAGE, INC. 10 6.16% $8,893
AMERISAVE MORTGAGE CORPORATION 9 5.86% $25,007
Pacor Mortgage Corp 9 6.17% $5,222
GREENSTATE CREDIT UNION 9 6.18% $7,063
Bank Five Nine 9 6.19% $5,757
CARDINAL FINANCIAL 9 6.39% $12,181
GATEWAY MORTGAGE CORPORATION 9 6.75% $5,758
POINT Mortgage 8 6.81% $9,625
Credence Funding Corporation 8 5.67% $7,551
The Loan Store, Inc. 8 6.64% $7,116
AmRes Corporation 7 6.63% $11,636
Ameris Bank 7 6.27% $6,497
Century Mortgage Company DBA Century Lending Company 7 6.54% $5,484
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.68% $4,458
SUCCESS MORTGAGE PARTNERS, INC. 6 6.63% $13,374
NORWICH COMMERCIAL GROUP, INC. 6 6.21% $9,265
Fifth Third Bank 6 6.33% $6,749
Armed Forces Bank 6 6.15% $10,085
FIRST COMMUNITY MORTGAGE, INC. 6 6.54% $10,805
Cornerstone First Mortgage, Inc 6 6.46% $10,015
Old National Bank 6 5.79% $4,141
PNC Bank 5 6.88% $2,996
OCMBC, INC. 5 6.80% $10,156
NATIONS RELIABLE LENDING, LLC 5 6.33% $12,415
ZILLOW HOME LOANS, LLC 5 6.60% $8,705
T2 FINANCIAL LLC 5 6.45% $8,539
CALCON MUTUAL MORTGAGE LLC 5 6.50% $5,377
Wells Fargo Bank 5 6.18% $14,123
UNITED HOME LOANS, INC. 5 5.98% $6,487
ROYAL UNITED MORTGAGE LLC 5 6.33% $14,210
FIRST STATE MORTGAGE SERVICES, LLC 4 6.13% $7,145
PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.59% $15,897
RUOFF MORTGAGE COMPANY, INC. 4 6.22% $6,431
DAS Acquisition Company, LLC 4 6.34% $7,231
Servion, Inc. 4 6.56% $7,218
Mid-Continent Funding, Inc. 4 6.19% $10,714
MORTGAGEONE, INC. 4 6.84% $8,039
AmeriHome Mortgage Company, LLC 4 6.34% $4,150
American Mortgage & Equity Consultants, Inc. 4 6.69% $24,352
LOANPAL, LLC 3 5.62% $12,204
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.71% $4,405
North American Savings Bank, F.S.B. 3 5.63% $20,836
NATIONS DIRECT MORTGAGE, LLC 3 7.08% $6,059
Waterstone Mortgage Corporation 3 7.21% $6,110
CROWN MORTGAGE COMPANY 3 6.67% $11,883
Bank of England 3 6.96% $7,498
AMERICAN FINANCIAL RESOURCES, INC. 3 7.08% $8,222
M&T Bank 3 6.83% $6,597
Mortgage Assurance Inc. 3 6.58% $4,030
PHH Mortgage Corporation 3 5.58% $4,685
TBI MORTGAGE COMPANY 3 6.29% $2,324
CIBC Bank USA 3 6.63% $14,283
Centier Bank 3 6.88% $6,033
LADERA LENDING, INC. 3 6.58% $16,161
JMAC LENDING, INC. 2 6.25% $18,508
ALLIANT CREDIT UNION 2 6.06% $2,581
BAYSHORE MORTGAGE FUNDING, LLC 2 6.25% $9,495
CANOPY MORTGAGE, LLC 2 6.25% $21,440
Citizens Bank 2 6.63% $8,767
EDUCATORS CREDIT UNION 2 6.25% $8,224
FIRST COLONY MORTGAGE CORPORATION 2 6.38% $2,292
NBH Bank 2 5.88% $13,402
NETWORK CAPITAL FUNDING CORPORATION 2 5.94% $14,030
Northpointe Bank 2 6.19% $15,667
PANORAMA MORTGAGE GROUP, LLC 2 7.19% $13,337
Plains Commerce Bank 2 6.13% $22,365
RAPID MORTGAGE COMPANY 2 6.56% $5,195
Sierra Pacific Mortgage Company, Inc. 2 6.87% $11,706
SUMMIT FUNDING, INC. 2 6.69% $18,172
The Central Trust Bank 2 6.00% $6,029
OCEANSIDE MORTGAGE COMPANY 1 5.88% $4,311
Hometown Equity Mortgage, LLC 1 7.25% $10,536
HOMESTEAD FUNDING CORP. 1 5.88% $17,358
Old Second National Bank 1 6.75% $22,251
OPEN MORTGAGE, LLC 1 6.63% $19,932
HALLMARK HOME MORTGAGE, LLC 1 7.25% $11,034
VERITAS FUNDING, LLC 1 6.50% $19,355
GVC MORTGAGE, INC. 1 7.63% $3,045
Granite Community Bank 1 6.63% $18,052
GMFS LLC 1 6.13% $1,820
GENEVA FINANCIAL, LLC 1 7.13% $6,876
AMERICAN INTERNET MORTGAGE, INC. 1 6.50% $8,622
Gateway First Bank 1 6.25% $2,616
FLAT BRANCH MORTGAGE, INC. 1 6.50% $8,938
Flanagan State Bank 1 6.25% $4,866
FIRST MORTGAGE COMPANY, INC. 1 6.25% $6,154
POLARIS HOME FUNDING CORP. 1 6.75% $7,449
PREMIA MORTGAGE, LLC 1 6.00% $16,217
First Merchants Bank 1 7.13% $2,011
Presidential Bank, FSB 1 7.13% $9,959
First Financial Bank 1 6.13% $2,998
First Financial Bank 1 7.25% $7,564
FAMILY FINANCE MORTGAGE, LLC 1 6.75% $6,246
ENVOY MORTGAGE, LTD 1 5.38% $18,785
ENDEAVOR CAPITAL, LLC. 1 6.50% $18,004
AMERICAN FINANCING CORPORATION 1 5.75% $12,884
Regions Bank 1 6.63% $6,756
RELIANCE FIRST CAPITAL, LLC 1 6.13% $7,552
Encompass Lending Group, LP 1 5.75% $7,160
EMM LOANS LLC 1 5.75% $21,344
S1L, Inc. 1 6.00% $13,008
CONTOUR MORTGAGE CORPORATION 1 6.25% $6,241
ALLIED MORTGAGE GROUP, INC. 1 5.75% $5,873
SIRVA MORTGAGE, INC. 1 6.50% $17,270
Stifel Bank and Trust 1 6.13% $7,158
STOCKTON MORTGAGE CORPORATION 1 7.25% $9,389
Community Mortgage Banc Corporation 1 7.13% $10,019
WISCONSIN MORTGAGE CORPORATION 1 6.75% $1,554
Summit Mortgage Corporation 1 6.25% $2,101
Commerce Home Mortgage, Inc. 1 5.63% $3,381
CME Federal Credit Union 1 6.75% $1,945
Citibank 1 6.25% $5,134
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.25% $11,332
Capital Bank 1 5.75% $3,956
Busey Bank 1 6.63% $8,044
BOKF 1 7.13% $6,671
TJC Mortgage, Inc. 1 6.50% $23,769
BM Real Estate Services, Inc. 1 6.63% $12,260
BMO Harris Bank 1 6.25% $8,897
BAY-VALLEY MORTGAGE GROUP 1 6.63% $1,798
Bank of America 1 5.75% $5,362
AXIA FINANCIAL, LLC 1 7.25% $8,552
Associated Bank 1 6.13% $4,222
A + MORTGAGE SERVICES, INC. 1 6.25% $3,125
MJW Financial LLC 1 5.75% $4,461
Midland States Bank 1 6.38% $6,146
NexBank 1 6.63% $13,318
MEMBER FIRST MORTGAGE, LLC 1 5.75% $10,121
VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.99% $4,158
ABSOLUTE HOME MORTGAGE CORPORATION 1 7.13% $10,785
INSPIRE HOME LOANS INC. 1 5.63% $7,870

The top Chicago VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,144 VA loans originated. Their average total fees are $6,715, which is $1,122 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Chicago VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,273), CIBM Bank ($3,759), JPMorgan Chase Bank ($4,937), PLANET HOME LENDING, LLC ($4,983) and Lakeview Community Capital, LLC ($6,031).

The lowest rate Chicago VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.19%), DHI MORTGAGE COMPANY, LTD. (5.49%), CLEARPATH LENDING (5.69%), First Federal Bank (5.71%) and VILLAGE CAPITAL MORTGAGE (5.73%).


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 $288,700 (6.0%) $452,383 (4.3%) 1.07 27,019
2018-02-01 $304,500 (6.1%) $471,391 (4.0%) 1.11 27,524
2018-03-01 $325,000 (8.4%) $490,665 (4.9%) 1.14 29,305
2018-04-01 $334,900 (7.3%) $494,784 (4.0%) 1.14 31,116
2018-05-01 $335,000 (4.7%) $492,310 (3.1%) 1.12 33,181
2018-06-01 $333,995 (4.4%) $484,353 (2.0%) 1.11 35,804
2018-07-01 $327,000 (2.9%) $473,493 (0.9%) 1.09 37,861
2018-08-01 $319,900 (4.0%) $462,089 (1.0%) 1.07 38,939
2018-09-01 $317,000 (5.7%) $455,361 (0.7%) 1.07 39,631
2018-10-01 $311,450 (3.8%) $450,517 (-0.8%) 1.05 39,337
2018-11-01 $302,000 (1.7%) $447,125 (-0.8%) 1.02 37,019
2018-12-01 $296,850 (2.4%) $439,278 (-1.2%) 1.02 32,322
2019-01-01 $296,950 (2.9%) $442,525 (-2.2%) 1.03 29,475
2019-02-01 $312,300 (2.6%) $464,293 (-1.5%) 1.06 29,818
2019-03-01 $327,571 (0.8%) $478,426 (-2.5%) 1.07 31,821
2019-04-01 $339,250 (1.3%) $486,079 (-1.8%) 1.08 33,866
2019-05-01 $339,900 (1.5%) $482,549 (-2.0%) 1.06 36,232
2019-06-01 $338,450 (1.3%) $477,556 (-1.4%) 1.06 38,296
2019-07-01 $331,450 (1.4%) $470,195 (-0.7%) 1.04 39,704
2019-08-01 $325,155 (1.6%) $461,247 (-0.2%) 1.03 40,118
2019-09-01 $319,386 (0.8%) $454,617 (-0.2%) 1.02 40,033
2019-10-01 $314,945 (1.1%) $449,911 (-0.1%) 1.02 39,754
2019-11-01 $306,950 (1.6%) $444,237 (-0.7%) 1.01 36,265
2019-12-01 $299,400 (0.9%) $440,601 (0.3%) 1.00 31,134
2020-01-01 $299,450 (0.8%) $443,832 (0.3%) 1.00 28,367
2020-02-01 $319,000 (2.2%) $466,426 (0.5%) 1.04 28,915
2020-03-01 $326,550 (-0.3%) $475,570 (-0.6%) 1.02 29,490
2020-04-01 $324,900 (-4.2%) $465,809 (-4.2%) 1.02 28,034
2020-05-01 $329,900 (-2.9%) $477,805 (-1.0%) 1.00 28,100
2020-06-01 $339,000 (0.2%) $489,639 (2.5%) 1.00 28,012
2020-07-01 $344,000 (3.8%) $497,445 (5.8%) 1.00 27,048
2020-08-01 $346,350 (6.5%) $502,586 (9.0%) 0.99 26,677
2020-09-01 $347,000 (8.7%) $505,515 (11.2%) 0.99 26,852
2020-10-01 $340,000 (8.0%) $500,832 (11.3%) 0.97 26,905
2020-11-01 $334,500 (9.0%) $498,102 (12.1%) 0.98 24,409
2020-12-01 $325,000 (8.6%) $495,332 (12.4%) 0.97 20,674
2021-01-01 $325,000 (8.5%) $505,448 (13.9%) 0.97 17,802
2021-02-01 $339,996 (6.6%) $544,070 (16.7%) 0.99 15,859
2021-03-01 $349,900 (7.2%) $552,140 (16.1%) 0.99 15,575
2021-04-01 $349,950 (7.7%) $552,512 (18.6%) 0.95 16,203
2021-05-01 $350,000 (6.1%) $549,011 (14.9%) 0.93 17,076
2021-06-01 $350,000 (3.2%) $537,537 (9.8%) 0.92 19,235
2021-07-01 $349,900 (1.7%) $521,806 (4.9%) 0.92 21,317
2021-08-01 $339,495 (-2.0%) $500,342 (-0.5%) 0.91 22,220
2021-09-01 $330,000 (-4.9%) $491,049 (-2.9%) 0.88 22,144
2021-10-01 $329,000 (-3.2%) $487,604 (-2.6%) 0.88 21,486
2021-11-01 $322,400 (-3.6%) $485,721 (-2.5%) 0.86 18,712
2021-12-01 $312,500 (-3.9%) $480,195 (-3.1%) 0.85 15,355
2022-01-01 $314,500 (-3.2%) $492,440 (-2.6%) 0.85 12,564
2022-02-01 $324,500 (-4.6%) $517,338 (-4.9%) 0.84 11,457
2022-03-01 $332,500 (-5.0%) $526,309 (-4.7%) 0.83 11,868
2022-04-01 $349,900 (0.0%) $534,868 (-3.2%) 0.83 12,067
2022-05-01 $355,375 (1.5%) $538,395 (-1.9%) 0.81 14,480
2022-06-01 $359,950 (2.8%) $532,521 (-0.9%) 0.80 16,656
2022-07-01 $350,000 (0.0%) $515,494 (-1.2%) 0.79 19,291
2022-08-01 $349,875 (3.1%) $509,289 (1.8%) 0.81 19,478
2022-09-01 $340,000 (3.0%) $503,762 (2.6%) 0.79 19,384
2022-10-01 $339,900 (3.3%) $499,744 (2.5%) 0.80 19,411
2022-11-01 $329,950 (2.3%) $492,242 (1.3%) 0.79 18,653
2022-12-01 $322,938 (3.3%) $482,288 (0.4%) 0.80 15,983
2023-01-01 $327,450 (4.1%) $493,642 (0.2%) 0.81 14,035
2023-02-01 $337,500 (4.0%) $519,123 (0.4%) 0.81 12,692
2023-03-01 $352,450 (6.0%) $546,041 (3.8%) 0.83 12,065
2023-04-01 $369,000 (5.5%) $569,789 (6.5%) 0.86 11,604
2023-05-01 $377,150 (6.1%) $594,429 (10.4%) 0.86 11,885
2023-06-01 $382,500 (6.3%) $592,009 (11.2%) 0.86 12,817
2023-07-01 $389,000 (11.1%) $590,305 (14.5%) 0.88 13,667
2023-08-01 $384,950 (10.0%) $581,283 (14.1%) 0.88 14,106
2023-09-01 $377,000 (10.9%) $568,437 (12.8%) 0.88 14,689
2023-10-01 $371,950 (9.4%) $562,710 (12.6%) 0.88 15,119
2023-11-01 $360,000 (9.1%) $550,718 (11.9%) 0.86 14,971
2023-12-01 $350,000 (8.4%) $536,637 (11.3%) 0.85 13,067
2024-01-01 $351,190 (7.3%) $549,940 (11.4%) 0.86 11,461
2024-02-01 $359,950 (6.7%) $575,673 (10.9%) 0.87 10,969
2024-03-01 $374,990 (6.4%) $596,249 (9.2%) 0.88 11,106
2024-04-01 $389,450 (5.5%) $609,529 (7.0%) 0.91 11,593
2024-05-01 $394,950 (4.7%) $623,747 (4.9%) 0.90 12,295
2024-06-01 $395,000 (3.3%) $603,861 (2.0%) 0.90 13,522
2024-07-01 $394,500 (1.4%) $585,038 (-0.9%) 0.90 14,906
2024-08-01 $385,000 (0.0%) $567,463 (-2.4%) 0.90 15,706
2024-09-01 $379,900 (0.8%) $554,881 (-2.4%) 0.89 16,735
2024-10-01 $371,500 (-0.1%) $542,967 (-3.5%) 0.87 17,050
2024-11-01 $359,900 (0.0%) $530,896 (-3.6%) 0.86 16,518
2024-12-01 $347,450 (-0.7%) $517,358 (-3.6%) 0.86 13,880
2025-01-01 $343,498 (-2.2%) $519,117 (-5.6%) 0.86 12,423
2025-02-01 $349,450 (-2.9%) $539,603 (-6.3%) 0.85 11,960
2025-03-01 $360,000 (-4.0%) $549,178 (-7.9%) 0.00 12,282
Chicago's median listing price for 2025-03-01 was $360,000, a difference of $-14,990 (-4.0%) versus the prior year and $10,550 versus the prior month.

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

Chicago's average listing price for 2025-03-01 was $549,178, a difference of $-47,071 (-7.9%) versus the prior year and $9,575 versus the prior month.

For the 2025-03-01 period, Chicago had 12,282 MLS listings, a difference of 322 listings (3%) versus the prior month and 1,176 listings (11%) 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 1,898 sqft
2018-02-01 54 days 1,955 sqft
2018-03-01 43 days 2,000 sqft
2018-04-01 40 days 2,022 sqft
2018-05-01 40 days 2,027 sqft
2018-06-01 42 days 2,021 sqft
2018-07-01 45 days 2,000 sqft
2018-08-01 47 days 1,986 sqft
2018-09-01 50 days 1,971 sqft
2018-10-01 51 days 1,938 sqft
2018-11-01 56 days 1,904 sqft
2018-12-01 67 days 1,870 sqft
2019-01-01 73 days 1,866 sqft
2019-02-01 55 days 1,908 sqft
2019-03-01 43 days 1,966 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 1,972 sqft
2019-09-01 51 days 1,941 sqft
2019-10-01 54 days 1,918 sqft
2019-11-01 61 days 1,900 sqft
2019-12-01 74 days 1,870 sqft
2020-01-01 76 days 1,863 sqft
2020-02-01 45 days 1,918 sqft
2020-03-01 43 days 1,959 sqft
2020-04-01 52 days 1,929 sqft
2020-05-01 60 days 1,950 sqft
2020-06-01 45 days 1,939 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 44 days 1,792 sqft
2020-11-01 50 days 1,731 sqft
2020-12-01 59 days 1,700 sqft
2021-01-01 64 days 1,682 sqft
2021-02-01 45 days 1,680 sqft
2021-03-01 40 days 1,676 sqft
2021-04-01 33 days 1,693 sqft
2021-05-01 33 days 1,702 sqft
2021-06-01 32 days 1,728 sqft
2021-07-01 34 days 1,728 sqft
2021-08-01 36 days 1,703 sqft
2021-09-01 38 days 1,690 sqft
2021-10-01 40 days 1,669 sqft
2021-11-01 45 days 1,641 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 1,620 sqft
2022-04-01 31 days 1,653 sqft
2022-05-01 29 days 1,700 sqft
2022-06-01 30 days 1,718 sqft
2022-07-01 32 days 1,728 sqft
2022-08-01 36 days 1,717 sqft
2022-09-01 40 days 1,703 sqft
2022-10-01 40 days 1,705 sqft
2022-11-01 44 days 1,702 sqft
2022-12-01 54 days 1,694 sqft
2023-01-01 60 days 1,700 sqft
2023-02-01 44 days 1,702 sqft
2023-03-01 40 days 1,743 sqft
2023-04-01 38 days 1,782 sqft
2023-05-01 34 days 1,800 sqft
2023-06-01 35 days 1,800 sqft
2023-07-01 36 days 1,813 sqft
2023-08-01 36 days 1,802 sqft
2023-09-01 37 days 1,800 sqft
2023-10-01 37 days 1,794 sqft
2023-11-01 42 days 1,779 sqft
2023-12-01 51 days 1,759 sqft
2024-01-01 56 days 1,759 sqft
2024-02-01 40 days 1,765 sqft
2024-03-01 34 days 1,800 sqft
2024-04-01 34 days 1,800 sqft
2024-05-01 29 days 1,840 sqft
2024-06-01 32 days 1,825 sqft
2024-07-01 33 days 1,824 sqft
2024-08-01 36 days 1,800 sqft
2024-09-01 36 days 1,794 sqft
2024-10-01 37 days 1,772 sqft
2024-11-01 43 days 1,750 sqft
2024-12-01 51 days 1,713 sqft
2025-01-01 57 days 1,698 sqft
2025-02-01 43 days 1,705 sqft
2025-03-01 0 days 1,711 sqft
Chicago's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Chicago's median square footage for active listings during the 2025-03-01 period was 1,711 sqft. One year prior, the average listing was 1,800 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.