Davenport VA Loans
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
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 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.
Davenport's 97 lenders originated 1,139 VA loans during 2021. The total origination value was $249,925,000, with an average VA loan value of $219,425.
Davenport VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Davenport
averaged
5.54%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.37% and
one month ago for the week of 2022-04-08, the
average rate was 5%.
The average rate one year ago was 2.81%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.06%.
Davenport VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Davenport level.
The top Davenport VA lender as defined by loan originations is Mortgage Research Center, LLC, with
115 VA loans originated. Their average total fees are
$4,649, which is $560
higher than the next largest lender,
RUHL MORTGAGE, LLC.
The lowest fee Davenport VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,076), VILLAGE CAPITAL & INVESTMENT LLC ($2,138), FREEDOM MORTGAGE CORPORATION ($2,614), GUARANTEED RATE, INC. ($2,995) and Low VA Rates, LLC ($3,007).
The lowest rate Davenport VA lenders (with over 10 loans originated) are
Low VA Rates, LLC (2.33%), RUHL MORTGAGE, LLC (2.48%), HOME POINT FINANCIAL CORPORATION (2.49%), VILLAGE CAPITAL & INVESTMENT LLC (2.51%) and GUILD MORTGAGE COMPANY (2.51%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Davenport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $142,000 (4.3%) | $205,677 (6.7%) | 0.52 | 1,275 |
2018-02-01 | $139,950 (-1.7%) | $204,834 (1.8%) | 0.50 | 1,227 |
2018-03-01 | $149,900 (5.2%) | $207,989 (2.5%) | 0.52 | 1,230 |
2018-04-01 | $164,950 (17.8%) | $229,724 (11.2%) | 0.55 | 1,185 |
2018-05-01 | $159,900 (9.9%) | $225,308 (6.6%) | 0.53 | 1,243 |
2018-06-01 | $165,000 (10.1%) | $225,921 (4.3%) | 0.55 | 1,327 |
2018-07-01 | $160,000 (6.7%) | $222,679 (3.1%) | 0.53 | 1,385 |
2018-08-01 | $161,500 (7.7%) | $220,823 (2.8%) | 0.54 | 1,435 |
2018-09-01 | $159,000 (7.4%) | $217,922 (4.2%) | 0.53 | 1,470 |
2018-10-01 | $154,900 (3.7%) | $212,846 (2.5%) | 0.52 | 1,464 |
2018-11-01 | $149,900 (0.5%) | $209,054 (-0.1%) | 0.50 | 1,443 |
2018-12-01 | $149,000 (2.8%) | $202,997 (-1.7%) | 0.51 | 1,329 |
2019-01-01 | $149,000 (4.9%) | $206,086 (0.2%) | 0.51 | 1,206 |
2019-02-01 | $148,450 (6.1%) | $205,794 (0.5%) | 0.50 | 1,171 |
2019-03-01 | $145,000 (-3.3%) | $208,359 (0.2%) | 0.47 | 1,176 |
2019-04-01 | $145,000 (-12.1%) | $210,989 (-8.2%) | 0.46 | 1,213 |
2019-05-01 | $148,450 (-7.2%) | $209,494 (-7.0%) | 0.46 | 1,235 |
2019-06-01 | $154,900 (-6.1%) | $213,006 (-5.7%) | 0.48 | 1,352 |
2019-07-01 | $151,000 (-5.6%) | $209,586 (-5.9%) | 0.47 | 1,354 |
2019-08-01 | $152,000 (-5.9%) | $208,076 (-5.8%) | 0.48 | 1,396 |
2019-09-01 | $152,000 (-4.4%) | $207,702 (-4.7%) | 0.48 | 1,430 |
2019-10-01 | $149,900 (-3.2%) | $205,510 (-3.5%) | 0.48 | 1,478 |
2019-11-01 | $147,500 (-1.6%) | $203,385 (-2.7%) | 0.48 | 1,451 |
2019-12-01 | $142,400 (-4.4%) | $197,916 (-2.5%) | 0.47 | 1,362 |
2020-01-01 | $142,000 (-4.7%) | $198,858 (-3.5%) | 0.47 | 1,294 |
2020-02-01 | $141,900 (-4.4%) | $199,507 (-3.1%) | 0.46 | 1,200 |
2020-03-01 | $142,900 (-1.5%) | $205,130 (-1.6%) | 0.45 | 1,106 |
2020-04-01 | $151,450 (4.5%) | $211,672 (0.3%) | 0.47 | 1,074 |
2020-05-01 | $160,000 (7.8%) | $220,107 (5.1%) | 0.48 | 1,023 |
2020-06-01 | $176,200 (13.8%) | $227,599 (6.9%) | 0.51 | 942 |
2020-07-01 | $178,990 (18.5%) | $232,728 (11.0%) | 0.51 | 903 |
2020-08-01 | $167,500 (10.2%) | $228,163 (9.7%) | 0.48 | 875 |
2020-09-01 | $172,450 (13.5%) | $229,545 (10.5%) | 0.49 | 834 |
2020-10-01 | $149,500 (-0.3%) | $215,355 (4.8%) | 0.43 | 825 |
2020-11-01 | $141,600 (-4.0%) | $210,729 (3.6%) | 0.41 | 817 |
2020-12-01 | $139,900 (-1.8%) | $209,605 (5.9%) | 0.41 | 746 |
2021-01-01 | $129,995 (-8.5%) | $204,442 (2.8%) | 0.38 | 637 |
2021-02-01 | $129,900 (-8.5%) | $213,494 (7.0%) | 0.37 | 532 |
2021-03-01 | $142,350 (-0.4%) | $215,767 (5.2%) | 0.40 | 504 |
2021-04-01 | $157,450 (4.0%) | $222,506 (5.1%) | 0.42 | 465 |
2021-05-01 | $162,500 (1.6%) | $217,982 (-1.0%) | 0.43 | 484 |
2021-06-01 | $149,900 (-14.9%) | $216,765 (-4.8%) | 0.39 | 653 |
2021-07-01 | $134,950 (-24.6%) | $198,417 (-14.7%) | 0.35 | 775 |
2021-08-01 | $128,000 (-23.6%) | $191,709 (-16.0%) | 0.34 | 828 |
2021-09-01 | $129,400 (-25.0%) | $192,190 (-16.3%) | 0.34 | 913 |
2021-10-01 | $134,900 (-9.8%) | $191,322 (-11.2%) | 0.36 | 955 |
2021-11-01 | $134,900 (-4.7%) | $187,495 (-11.0%) | 0.36 | 902 |
2021-12-01 | $129,450 (-7.5%) | $185,289 (-11.6%) | 0.35 | 815 |
2022-01-01 | $127,500 (-1.9%) | $178,154 (-12.9%) | 0.34 | 649 |
2022-02-01 | $127,400 (-1.9%) | $179,146 (-16.1%) | 0.32 | 517 |
2022-03-01 | $134,900 (-5.2%) | $187,863 (-12.9%) | 0.33 | 424 |
2022-04-01 | $142,000 (-9.8%) | $201,722 (-9.3%) | 0.33 | 411 |
Davenport's median listing price comes in at 33% of the national average.
Davenport's average listing price for 2022-04-01 was $201,722, a difference of $-20,784 (-9.3%) versus the prior year and $13,859 versus the prior month.
For the 2022-04-01 period, Davenport had 411 MLS listings, a difference of -13 listings (-3%) versus the prior month and -54 listings (-12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Davenport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 74 days | 1,514 sqft |
2018-02-01 | 71 days | 1,506 sqft |
2018-03-01 | 61 days | 1,544 sqft |
2018-04-01 | 52 days | 1,572 sqft |
2018-05-01 | 47 days | 1,550 sqft |
2018-06-01 | 50 days | 1,550 sqft |
2018-07-01 | 52 days | 1,541 sqft |
2018-08-01 | 52 days | 1,518 sqft |
2018-09-01 | 57 days | 1,512 sqft |
2018-10-01 | 59 days | 1,480 sqft |
2018-11-01 | 61 days | 1,474 sqft |
2018-12-01 | 66 days | 1,474 sqft |
2019-01-01 | 72 days | 1,474 sqft |
2019-02-01 | 74 days | 1,474 sqft |
2019-03-01 | 64 days | 1,474 sqft |
2019-04-01 | 40 days | 1,474 sqft |
2019-05-01 | 36 days | 1,478 sqft |
2019-06-01 | 39 days | 1,524 sqft |
2019-07-01 | 29 days | 1,715 sqft |
2019-08-01 | 53 days | 1,735 sqft |
2019-09-01 | 58 days | 1,732 sqft |
2019-10-01 | 63 days | 1,734 sqft |
2019-11-01 | 65 days | 1,681 sqft |
2019-12-01 | 74 days | 1,642 sqft |
2020-01-01 | 83 days | 1,632 sqft |
2020-02-01 | 88 days | 1,606 sqft |
2020-03-01 | 75 days | 1,606 sqft |
2020-04-01 | 70 days | 1,633 sqft |
2020-05-01 | 66 days | 1,643 sqft |
2020-06-01 | 62 days | 1,717 sqft |
2020-07-01 | 57 days | 1,725 sqft |
2020-08-01 | 50 days | 1,723 sqft |
2020-09-01 | 53 days | 1,723 sqft |
2020-10-01 | 50 days | 1,629 sqft |
2020-11-01 | 54 days | 1,606 sqft |
2020-12-01 | 60 days | 1,580 sqft |
2021-01-01 | 70 days | 1,555 sqft |
2021-02-01 | 68 days | 1,563 sqft |
2021-03-01 | 60 days | 1,562 sqft |
2021-04-01 | 49 days | 1,554 sqft |
2021-05-01 | 40 days | 1,554 sqft |
2021-06-01 | 30 days | 1,517 sqft |
2021-07-01 | 36 days | 1,486 sqft |
2021-08-01 | 42 days | 1,474 sqft |
2021-09-01 | 48 days | 1,484 sqft |
2021-10-01 | 49 days | 1,494 sqft |
2021-11-01 | 57 days | 1,509 sqft |
2021-12-01 | 65 days | 1,474 sqft |
2022-01-01 | 77 days | 1,451 sqft |
2022-02-01 | 79 days | 1,431 sqft |
2022-03-01 | 52 days | 1,468 sqft |
2022-04-01 | 42 days | 1,474 sqft |
Davenport's median square footage for active listings during the 2022-04-01 period was 1,474 sqft. One year prior, the average listing was 1,554 sqft.