Clinton VA Loan Rates, Closing Costs & Stats

Clinton, IA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Clinton's 22 lenders originated 38 VA loans during 2023. The total origination value was $7,970,000, with an average VA loan value of $209,737.

    Clinton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Clinton averaged 7.11% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Clinton's average VA mortgage closing costs are $4,469.

    The average rate for the prior week (2024-04-12) was 6.84% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Clinton 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 Clinton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 9 6.83% $2,503
    BROKER SOLUTIONS, INC. 4 6.19% $8,067
    Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $8,061
    HOMESIDE FINANCIAL, LLC 2 7.19% $6,225
    U.S. Bank 2 6.75% $5,131
    Flanagan State Bank 1 6.13% $15,783
    NAVY FEDERAL CREDIT UNION 1 5.38% $11,919
    NEW DAY FINANCIAL, LLC 1 7.50% $6,910
    NEWREZ LLC 1 6.25% $968
    Plains Commerce Bank 1 6.63% $3,754
    QUICKEN LOANS, LLC 1 5.99% $15,014
    RESIDENTIAL MORTGAGE NETWORK, INC. 1 6.13% $2,219
    RUHL MORTGAGE, LLC 1 6.25% $968
    Servion, Inc. 1 6.13% $9,787
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $9,937
    USAA Federal Savings Bank 1 6.25% $7,550
    Access Bank 1 6.75% $2,788
    Wells Fargo Bank 1 6.88% $3,305
    Barrington Bank & Trust Company, N.A. 1 6.75% $10,500
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $814
    DuTrac Community Credit Union 1 6.13% $9,787
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $5,662

    The top Clinton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $2,503, which is $5,564 lower than the next largest lender, BROKER SOLUTIONS, INC..

    The lowest fee Clinton VA lenders (with over 10 loans originated) are .

    The lowest rate Clinton VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clinton (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 $85,000 (-3.5%) $111,817 (0.5%) 0.00 214
    2018-02-01 $84,975 (0.0%) $108,340 (0.0%) 0.00 218
    2018-03-01 $85,000 (0.1%) $109,243 (1.9%) 0.00 207
    2018-04-01 $83,475 (4.5%) $109,863 (5.8%) 0.00 221
    2018-05-01 $82,500 (3.3%) $115,253 (8.5%) 0.00 233
    2018-06-01 $79,900 (0.0%) $113,562 (8.1%) 0.00 224
    2018-07-01 $88,625 (10.8%) $127,417 (15.1%) 0.00 232
    2018-08-01 $89,900 (12.5%) $121,559 (7.6%) 0.00 240
    2018-09-01 $89,900 (12.5%) $120,900 (7.2%) 0.00 224
    2018-10-01 $84,425 (5.6%) $120,141 (5.7%) 0.00 213
    2018-11-01 $85,000 (3.9%) $123,865 (9.0%) 0.00 210
    2018-12-01 $89,900 (5.8%) $129,470 (12.2%) 0.00 190
    2019-01-01 $89,925 (5.8%) $130,200 (16.4%) 0.00 185
    2019-02-01 $87,250 (2.7%) $128,401 (18.5%) 0.00 170
    2019-03-01 $96,021 (13.0%) $130,849 (19.8%) 0.00 168
    2019-04-01 $107,771 (29.1%) $132,412 (20.5%) 0.00 168
    2019-05-01 $81,000 (-1.8%) $115,732 (0.4%) 0.00 186
    2019-06-01 $79,900 (0.0%) $112,880 (-0.6%) 0.00 205
    2019-07-01 $81,300 (-8.3%) $114,950 (-9.8%) 0.00 211
    2019-08-01 $81,973 (-8.8%) $118,150 (-2.8%) 0.00 224
    2019-09-01 $85,082 (-5.4%) $117,239 (-3.0%) 0.00 232
    2019-10-01 $85,855 (1.7%) $116,631 (-2.9%) 0.00 233
    2019-11-01 $81,500 (-4.1%) $118,057 (-4.7%) 0.00 221
    2019-12-01 $81,900 (-8.9%) $116,603 (-9.9%) 0.00 194
    2020-01-01 $75,200 (-16.4%) $110,055 (-15.5%) 0.00 176
    2020-02-01 $79,900 (-8.4%) $119,729 (-6.8%) 0.00 165
    2020-03-01 $74,800 (-22.1%) $118,955 (-9.1%) 0.00 170
    2020-04-01 $73,700 (-31.6%) $118,647 (-10.4%) 0.00 177
    2020-05-01 $74,900 (-7.5%) $123,162 (6.4%) 0.00 172
    2020-06-01 $80,250 (0.4%) $131,873 (16.8%) 0.00 171
    2020-07-01 $76,950 (-5.4%) $128,141 (11.5%) 0.00 158
    2020-08-01 $75,000 (-8.5%) $115,102 (-2.6%) 0.00 151
    2020-09-01 $78,475 (-7.8%) $115,620 (-1.4%) 0.00 139
    2020-10-01 $79,900 (-6.9%) $113,341 (-2.8%) 0.00 142
    2020-11-01 $78,625 (-3.5%) $113,311 (-4.0%) 0.00 142
    2020-12-01 $78,250 (-4.5%) $105,457 (-9.6%) 0.00 135
    2021-01-01 $71,950 (-4.3%) $102,186 (-7.2%) 0.00 124
    2021-02-01 $68,125 (-14.7%) $107,038 (-10.6%) 0.00 114
    2021-03-01 $60,625 (-19.0%) $97,544 (-18.0%) 0.00 91
    2021-04-01 $62,500 (-15.2%) $100,926 (-14.9%) 0.00 68
    2021-05-01 $62,500 (-16.6%) $88,768 (-27.9%) 0.00 62
    2021-06-01 $74,900 (-6.7%) $114,954 (-12.8%) 0.00 79
    2021-07-01 $79,900 (3.8%) $127,056 (-0.9%) 0.00 86
    2021-08-01 $83,975 (12.0%) $130,889 (13.7%) 0.00 87
    2021-09-01 $99,675 (27.0%) $151,431 (31.0%) 0.00 91
    2021-10-01 $98,900 (23.8%) $150,059 (32.4%) 0.00 102
    2021-11-01 $119,600 (52.1%) $182,405 (61.0%) 0.00 111
    2021-12-01 $129,225 (65.1%) $189,963 (80.1%) 0.00 107
    2022-01-01 $127,350 (77.0%) $193,656 (89.5%) 0.00 93
    2022-02-01 $114,700 (68.4%) $191,489 (78.9%) 0.00 89
    2022-03-01 $137,425 (126.7%) $201,796 (106.9%) 0.00 83
    2022-04-01 $155,450 (148.7%) $211,343 (109.4%) 0.00 73
    2022-05-01 $143,700 (129.9%) $216,848 (144.3%) 0.00 77
    2022-06-01 $151,400 (102.1%) $216,461 (88.3%) 0.00 90
    2022-07-01 $169,900 (112.6%) $225,897 (77.8%) 0.00 114
    2022-08-01 $165,950 (97.6%) $226,287 (72.9%) 0.00 119
    2022-09-01 $175,500 (76.1%) $229,866 (51.8%) 0.00 130
    2022-10-01 $164,950 (66.8%) $220,645 (47.0%) 0.00 135
    2022-11-01 $159,925 (33.7%) $221,500 (21.4%) 0.00 131
    2022-12-01 $169,900 (31.5%) $218,574 (15.1%) 0.00 120
    2023-01-01 $170,650 (34.0%) $223,233 (15.3%) 0.00 104
    2023-02-01 $185,700 (61.9%) $226,432 (18.3%) 0.00 97
    2023-03-01 $220,000 (60.1%) $235,215 (16.6%) 0.00 90
    2023-04-01 $274,900 (76.8%) $261,651 (23.8%) 0.00 72
    2023-05-01 $257,400 (79.1%) $255,595 (17.9%) 0.00 79
    2023-06-01 $224,750 (48.5%) $243,383 (12.4%) 0.00 89
    2023-07-01 $234,900 (38.3%) $243,819 (7.9%) 0.00 100
    2023-08-01 $207,400 (25.0%) $237,770 (5.1%) 0.00 109
    2023-09-01 $199,450 (13.7%) $231,337 (0.6%) 0.00 107
    2023-10-01 $168,670 (2.3%) $217,068 (-1.6%) 0.00 117
    2023-11-01 $176,200 (10.2%) $225,048 (1.6%) 0.00 120
    2023-12-01 $184,900 (8.8%) $229,103 (4.8%) 0.00 114
    2024-01-01 $212,450 (24.5%) $247,153 (10.7%) 0.00 101
    2024-02-01 $225,250 (21.3%) $251,493 (11.1%) 0.00 96
    2024-03-01 $224,900 (2.2%) $256,435 (9.0%) 0.00 88
    Clinton's median listing price for 2024-03-01 was $224,900, a difference of $4,900 (2.2%) versus the prior year and $-350 versus the prior month.

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

    Clinton's average listing price for 2024-03-01 was $256,435, a difference of $21,220 (9.0%) versus the prior year and $4,942 versus the prior month.

    For the 2024-03-01 period, Clinton had 88 MLS listings, a difference of -8 listings (-8%) versus the prior month and -2 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clinton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,482 sqft
    2018-02-01 0 days 1,454 sqft
    2018-03-01 0 days 1,497 sqft
    2018-04-01 0 days 1,448 sqft
    2018-05-01 0 days 1,460 sqft
    2018-06-01 0 days 1,478 sqft
    2018-07-01 0 days 1,488 sqft
    2018-08-01 0 days 1,458 sqft
    2018-09-01 0 days 1,460 sqft
    2018-10-01 0 days 1,458 sqft
    2018-11-01 0 days 1,478 sqft
    2018-12-01 0 days 1,467 sqft
    2019-01-01 0 days 1,456 sqft
    2019-02-01 0 days 1,450 sqft
    2019-03-01 0 days 1,425 sqft
    2019-04-01 0 days 1,445 sqft
    2019-05-01 0 days 1,329 sqft
    2019-06-01 0 days 1,330 sqft
    2019-07-01 0 days 1,428 sqft
    2019-08-01 0 days 1,439 sqft
    2019-09-01 0 days 1,460 sqft
    2019-10-01 0 days 1,476 sqft
    2019-11-01 0 days 1,476 sqft
    2019-12-01 0 days 1,461 sqft
    2020-01-01 0 days 1,408 sqft
    2020-02-01 0 days 1,442 sqft
    2020-03-01 0 days 1,408 sqft
    2020-04-01 0 days 1,408 sqft
    2020-05-01 0 days 1,442 sqft
    2020-06-01 0 days 1,479 sqft
    2020-07-01 0 days 1,479 sqft
    2020-08-01 0 days 1,476 sqft
    2020-09-01 0 days 1,476 sqft
    2020-10-01 0 days 1,476 sqft
    2020-11-01 0 days 1,468 sqft
    2020-12-01 0 days 1,476 sqft
    2021-01-01 0 days 1,476 sqft
    2021-02-01 0 days 1,469 sqft
    2021-03-01 0 days 1,401 sqft
    2021-04-01 0 days 1,380 sqft
    2021-05-01 0 days 1,382 sqft
    2021-06-01 0 days 1,482 sqft
    2021-07-01 0 days 1,544 sqft
    2021-08-01 0 days 1,525 sqft
    2021-09-01 0 days 1,598 sqft
    2021-10-01 0 days 1,546 sqft
    2021-11-01 0 days 1,582 sqft
    2021-12-01 0 days 1,582 sqft
    2022-01-01 0 days 1,582 sqft
    2022-02-01 0 days 1,581 sqft
    2022-03-01 0 days 1,582 sqft
    2022-04-01 0 days 1,569 sqft
    2022-05-01 0 days 1,582 sqft
    2022-06-01 0 days 1,582 sqft
    2022-07-01 0 days 1,582 sqft
    2022-08-01 0 days 1,582 sqft
    2022-09-01 0 days 1,582 sqft
    2022-10-01 0 days 1,582 sqft
    2022-11-01 0 days 1,582 sqft
    2022-12-01 0 days 1,582 sqft
    2023-01-01 0 days 1,582 sqft
    2023-02-01 0 days 1,582 sqft
    2023-03-01 0 days 1,582 sqft
    2023-04-01 0 days 1,582 sqft
    2023-05-01 0 days 1,582 sqft
    2023-06-01 0 days 1,582 sqft
    2023-07-01 0 days 1,582 sqft
    2023-08-01 0 days 1,582 sqft
    2023-09-01 0 days 1,582 sqft
    2023-10-01 0 days 1,582 sqft
    2023-11-01 0 days 1,582 sqft
    2023-12-01 0 days 1,582 sqft
    2024-01-01 0 days 1,610 sqft
    2024-02-01 0 days 1,648 sqft
    2024-03-01 0 days 1,715 sqft
    Clinton's median listing age (time on market) for 2024-03-01 was 0 days.

    Clinton's median square footage for active listings during the 2024-03-01 period was 1,715 sqft. One year prior, the average listing was 1,582 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.