Davenport VA Loan Rates, Closing Costs & Stats

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL

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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.

    Davenport's 63 lenders originated 528 VA loans during 2024. The total origination value was $141,360,000, with an average VA loan value of $267,727.

    Davenport VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Davenport averaged 6.48% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Davenport's average VA mortgage closing costs are $5,108.

    The average rate for the prior week (2025-03-28) was 6.6% and one month ago for the week of 2025-02-28, the average rate was 6.38%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.06%.

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

    Davenport 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 Davenport level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 105 6.35% $4,890
    BROKER SOLUTIONS, INC. 47 6.38% $8,730
    NEWREZ LLC 31 6.14% $4,780
    UNITED WHOLESALE MORTGAGE, LLC 27 5.78% $5,751
    RUHL MORTGAGE, LLC 25 6.11% $4,794
    QUICKEN LOANS, LLC 24 6.27% $7,719
    GREENSTATE CREDIT UNION 19 5.73% $3,196
    FREEDOM MORTGAGE CORPORATION 17 6.34% $9,617
    USAA Federal Savings Bank 15 6.18% $5,437
    PENNYMAC LOAN SERVICES, LLC 15 5.76% $4,625
    HOMESIDE FINANCIAL, LLC 15 6.82% $7,747
    NEW DAY FINANCIAL, LLC 12 7.39% $7,962
    Flanagan State Bank 12 6.46% $4,988
    NAVY FEDERAL CREDIT UNION 10 5.84% $5,805
    American Bank and Trust Company 9 6.15% $6,276
    PLAZA HOME MORTGAGE, INC. 9 6.57% $4,861
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.50% $7,173
    CROSSCOUNTRY MORTGAGE, LLC 7 6.45% $4,255
    Barrington Bank & Trust Company, N.A. 6 6.00% $6,826
    VILLAGE CAPITAL MORTGAGE 6 5.73% $4,984
    LOANDEPOT.COM, LLC 5 6.85% $5,839
    CALCON MUTUAL MORTGAGE LLC 5 6.83% $4,777
    MOVEMENT MORTGAGE, LLC 5 6.45% $3,753
    The Federal Savings Bank 4 6.59% $18,642
    AXIA FINANCIAL, LLC 4 7.22% $5,684
    First Federal Bank 4 6.47% $3,390
    GUARANTEED RATE, INC. 4 6.39% $3,624
    U.S. Bank 4 6.53% $13,435
    AMERISAVE MORTGAGE CORPORATION 3 5.67% $21,665
    SUCCESS MORTGAGE PARTNERS, INC. 3 5.92% $8,846
    Plains Commerce Bank 3 6.79% $4,776
    PLANET HOME LENDING, LLC 3 4.71% $4,848
    GERSHMAN INVESTMENT CORP. 2 6.25% $2,543
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.00% $5,716
    Equity Prime Mortgage LLC 2 7.13% $6,081
    Flagstar Bank, FSB 2 6.37% $3,938
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $5,907
    ZILLOW HOME LOANS, LLC 2 6.44% $7,011
    MORTGAGEONE, INC. 2 6.31% $15,080
    MICHIGAN MUTUAL, INC. 2 6.50% $6,953
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.37% $14,244
    GUARANTEED RATE AFFINITY, LLC 2 6.18% $3,213
    JPMorgan Chase Bank 2 6.62% $4,197
    TruHome Solutions, LLC 1 6.50% $2,946
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.63% $8,805
    VERITAS FUNDING, LLC 1 6.25% $13,543
    American Mortgage & Equity Consultants, Inc. 1 6.13% $14,648
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $3,135
    LEADERONE FINANCIAL CORPORATION 1 7.38% $14,950
    Magnolia Bank 1 6.13% $16,066
    IOWA BANKERS MORTGAGE CORPORATION 1 5.75% $3,103
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $8,819
    NBKC BANK 1 6.38% $14,446
    FLAT BRANCH MORTGAGE, INC. 1 6.13% $7,965
    Old National Bank 1 7.25% $6,977
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $4,088
    PHH Mortgage Corporation 1 5.99% $5,451
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $1,091
    Prosperity Home Mortgage, LLC 1 6.63% $8,697
    Encompass Lending Group, LP 1 6.25% $7,144
    RESIDENTIAL MORTGAGE NETWORK, INC. 1 6.50% $8,562
    CMG MORTGAGE, INC. 1 6.13% $7,331
    Carrington Mortgage Services, LLC 1 5.63% $17,896

    The top Davenport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 105 VA loans originated. Their average total fees are $4,890, which is $3,840 lower than the next largest lender, BROKER SOLUTIONS, INC..

    The lowest fee Davenport VA lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($3,196), PENNYMAC LOAN SERVICES, LLC ($4,625), NEWREZ LLC ($4,780), RUHL MORTGAGE, LLC ($4,794) and Mortgage Research Center, LLC ($4,890).

    The lowest rate Davenport VA lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (5.73%), PENNYMAC LOAN SERVICES, LLC (5.76%), UNITED WHOLESALE MORTGAGE, LLC (5.78%), NAVY FEDERAL CREDIT UNION (5.84%) and RUHL MORTGAGE, LLC (6.11%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Davenport (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 $143,725 (6.5%) $206,931 (7.3%) 0.53 1,241
    2018-02-01 $143,250 (0.6%) $206,833 (2.6%) 0.52 1,198
    2018-03-01 $149,900 (3.8%) $210,557 (2.8%) 0.53 1,207
    2018-04-01 $166,475 (18.3%) $229,432 (10.2%) 0.56 1,171
    2018-05-01 $164,800 (10.3%) $225,915 (6.7%) 0.55 1,220
    2018-06-01 $167,700 (11.8%) $226,153 (4.2%) 0.56 1,309
    2018-07-01 $160,975 (7.4%) $221,520 (2.0%) 0.54 1,368
    2018-08-01 $163,950 (9.4%) $223,513 (2.8%) 0.55 1,416
    2018-09-01 $159,900 (6.7%) $220,091 (3.9%) 0.54 1,446
    2018-10-01 $155,000 (3.4%) $214,588 (1.7%) 0.53 1,441
    2018-11-01 $151,313 (0.9%) $211,468 (-0.5%) 0.51 1,423
    2018-12-01 $149,900 (0.6%) $206,019 (-1.7%) 0.52 1,318
    2019-01-01 $149,450 (4.0%) $206,392 (-0.3%) 0.52 1,195
    2019-02-01 $148,950 (4.0%) $207,838 (0.5%) 0.50 1,154
    2019-03-01 $146,114 (-2.5%) $210,625 (0.0%) 0.48 1,156
    2019-04-01 $147,250 (-11.6%) $213,605 (-6.9%) 0.47 1,188
    2019-05-01 $149,900 (-9.0%) $212,632 (-5.9%) 0.47 1,201
    2019-06-01 $155,000 (-7.6%) $214,600 (-5.1%) 0.48 1,311
    2019-07-01 $154,850 (-3.8%) $213,393 (-3.7%) 0.48 1,331
    2019-08-01 $153,609 (-6.3%) $211,445 (-5.4%) 0.49 1,391
    2019-09-01 $151,523 (-5.2%) $210,130 (-4.5%) 0.48 1,429
    2019-10-01 $149,900 (-3.3%) $209,254 (-2.5%) 0.48 1,459
    2019-11-01 $149,900 (-0.9%) $206,800 (-2.2%) 0.49 1,437
    2019-12-01 $145,500 (-2.9%) $201,383 (-2.3%) 0.49 1,357
    2020-01-01 $144,888 (-3.1%) $202,229 (-2.0%) 0.48 1,290
    2020-02-01 $144,000 (-3.3%) $202,853 (-2.4%) 0.47 1,199
    2020-03-01 $144,975 (-0.8%) $207,763 (-1.4%) 0.45 1,103
    2020-04-01 $156,175 (6.1%) $215,209 (0.8%) 0.49 1,067
    2020-05-01 $165,000 (10.1%) $223,799 (5.3%) 0.50 1,011
    2020-06-01 $179,970 (16.1%) $231,759 (8.0%) 0.53 932
    2020-07-01 $181,923 (17.5%) $236,031 (10.6%) 0.53 892
    2020-08-01 $170,000 (10.7%) $231,493 (9.5%) 0.49 864
    2020-09-01 $176,800 (16.7%) $232,897 (10.8%) 0.51 832
    2020-10-01 $149,900 (0.0%) $218,282 (4.3%) 0.43 823
    2020-11-01 $142,500 (-4.9%) $213,129 (3.1%) 0.42 812
    2020-12-01 $141,225 (-2.9%) $212,768 (5.7%) 0.42 737
    2021-01-01 $131,950 (-8.9%) $208,295 (3.0%) 0.39 623
    2021-02-01 $130,975 (-9.1%) $218,215 (7.6%) 0.38 523
    2021-03-01 $142,450 (-1.7%) $220,476 (6.1%) 0.40 493
    2021-04-01 $165,125 (5.7%) $231,232 (7.5%) 0.45 464
    2021-05-01 $165,000 (0.0%) $225,612 (0.8%) 0.44 486
    2021-06-01 $151,125 (-16.0%) $221,475 (-4.4%) 0.40 649
    2021-07-01 $130,000 (-28.5%) $197,664 (-16.3%) 0.34 800
    2021-08-01 $128,725 (-24.3%) $195,044 (-15.8%) 0.34 823
    2021-09-01 $129,950 (-26.5%) $195,123 (-16.2%) 0.35 900
    2021-10-01 $135,000 (-9.9%) $194,639 (-10.8%) 0.36 948
    2021-11-01 $134,925 (-5.3%) $189,684 (-11.0%) 0.36 895
    2021-12-01 $129,500 (-8.3%) $187,429 (-11.9%) 0.35 806
    2022-01-01 $124,950 (-5.3%) $180,338 (-13.4%) 0.34 640
    2022-02-01 $126,000 (-3.8%) $180,566 (-17.3%) 0.33 503
    2022-03-01 $134,900 (-5.3%) $190,461 (-13.6%) 0.34 413
    2022-04-01 $142,500 (-13.7%) $204,230 (-11.7%) 0.34 407
    2022-05-01 $165,000 (0.0%) $232,357 (3.0%) 0.38 459
    2022-06-01 $175,000 (15.8%) $237,207 (7.1%) 0.39 532
    2022-07-01 $189,900 (46.1%) $245,153 (24.0%) 0.43 552
    2022-08-01 $192,000 (49.2%) $254,836 (30.7%) 0.44 567
    2022-09-01 $215,225 (65.6%) $266,708 (36.7%) 0.50 572
    2022-10-01 $195,500 (44.8%) $254,477 (30.7%) 0.46 625
    2022-11-01 $182,500 (35.3%) $247,380 (30.4%) 0.44 684
    2022-12-01 $189,900 (46.6%) $247,772 (32.2%) 0.47 625
    2023-01-01 $190,000 (52.1%) $250,106 (38.7%) 0.47 552
    2023-02-01 $201,975 (60.3%) $248,341 (37.5%) 0.49 533
    2023-03-01 $209,900 (55.6%) $254,134 (33.4%) 0.50 490
    2023-04-01 $219,950 (54.4%) $263,259 (28.9%) 0.51 495
    2023-05-01 $222,450 (34.8%) $269,602 (16.0%) 0.50 477
    2023-06-01 $234,950 (34.3%) $275,343 (16.1%) 0.53 514
    2023-07-01 $250,000 (31.7%) $293,496 (19.7%) 0.57 534
    2023-08-01 $240,450 (25.2%) $292,502 (14.8%) 0.55 560
    2023-09-01 $237,098 (10.2%) $292,868 (9.8%) 0.55 568
    2023-10-01 $238,000 (21.7%) $288,442 (13.4%) 0.56 604
    2023-11-01 $234,125 (28.3%) $288,170 (16.5%) 0.56 627
    2023-12-01 $224,900 (18.4%) $281,567 (13.6%) 0.55 597
    2024-01-01 $217,950 (14.7%) $278,923 (11.5%) 0.53 539
    2024-02-01 $211,200 (4.6%) $280,923 (13.1%) 0.51 517
    2024-03-01 $212,450 (1.2%) $291,368 (14.7%) 0.50 516
    2024-04-01 $226,597 (3.0%) $302,148 (14.8%) 0.53 540
    2024-05-01 $245,675 (10.4%) $311,877 (15.7%) 0.56 547
    2024-06-01 $235,000 (0.0%) $305,386 (10.9%) 0.53 579
    2024-07-01 $217,500 (-13.0%) $301,294 (2.7%) 0.50 656
    2024-08-01 $215,000 (-10.6%) $301,310 (3.0%) 0.50 741
    2024-09-01 $199,950 (-15.7%) $284,105 (-3.0%) 0.47 805
    2024-10-01 $196,950 (-17.3%) $274,834 (-4.7%) 0.46 829
    2024-11-01 $194,950 (-16.7%) $269,011 (-6.7%) 0.47 877
    2024-12-01 $199,575 (-11.3%) $273,821 (-2.8%) 0.50 832
    2025-01-01 $199,950 (-8.3%) $278,120 (-0.3%) 0.50 752
    2025-02-01 $199,900 (-5.4%) $277,836 (-1.1%) 0.49 686
    2025-03-01 $210,000 (-1.2%) $290,606 (-0.3%) 0.00 680
    Davenport's median listing price for 2025-03-01 was $210,000, a difference of $-2,450 (-1.2%) versus the prior year and $10,100 versus the prior month.

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

    Davenport's average listing price for 2025-03-01 was $290,606, a difference of $-762 (-0.3%) versus the prior year and $12,770 versus the prior month.

    For the 2025-03-01 period, Davenport had 680 MLS listings, a difference of -6 listings (-1%) versus the prior month and 164 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Davenport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 1,510 sqft
    2018-02-01 68 days 1,506 sqft
    2018-03-01 60 days 1,540 sqft
    2018-04-01 51 days 1,564 sqft
    2018-05-01 45 days 1,543 sqft
    2018-06-01 47 days 1,546 sqft
    2018-07-01 50 days 1,530 sqft
    2018-08-01 51 days 1,518 sqft
    2018-09-01 54 days 1,513 sqft
    2018-10-01 58 days 1,488 sqft
    2018-11-01 59 days 1,474 sqft
    2018-12-01 65 days 1,474 sqft
    2019-01-01 71 days 1,474 sqft
    2019-02-01 73 days 1,474 sqft
    2019-03-01 59 days 1,474 sqft
    2019-04-01 40 days 1,474 sqft
    2019-05-01 37 days 1,477 sqft
    2019-06-01 44 days 1,520 sqft
    2019-07-01 51 days 1,716 sqft
    2019-08-01 54 days 1,749 sqft
    2019-09-01 59 days 1,752 sqft
    2019-10-01 61 days 1,755 sqft
    2019-11-01 63 days 1,697 sqft
    2019-12-01 72 days 1,654 sqft
    2020-01-01 80 days 1,637 sqft
    2020-02-01 82 days 1,608 sqft
    2020-03-01 73 days 1,611 sqft
    2020-04-01 72 days 1,664 sqft
    2020-05-01 61 days 1,698 sqft
    2020-06-01 54 days 1,750 sqft
    2020-07-01 52 days 1,739 sqft
    2020-08-01 45 days 1,723 sqft
    2020-09-01 49 days 1,723 sqft
    2020-10-01 47 days 1,633 sqft
    2020-11-01 52 days 1,611 sqft
    2020-12-01 60 days 1,593 sqft
    2021-01-01 66 days 1,566 sqft
    2021-02-01 63 days 1,592 sqft
    2021-03-01 53 days 1,590 sqft
    2021-04-01 41 days 1,591 sqft
    2021-05-01 34 days 1,596 sqft
    2021-06-01 28 days 1,541 sqft
    2021-07-01 36 days 1,474 sqft
    2021-08-01 41 days 1,474 sqft
    2021-09-01 47 days 1,490 sqft
    2021-10-01 48 days 1,496 sqft
    2021-11-01 56 days 1,514 sqft
    2021-12-01 65 days 1,480 sqft
    2022-01-01 76 days 1,463 sqft
    2022-02-01 77 days 1,442 sqft
    2022-03-01 45 days 1,468 sqft
    2022-04-01 38 days 1,474 sqft
    2022-05-01 34 days 1,578 sqft
    2022-06-01 37 days 1,587 sqft
    2022-07-01 38 days 1,624 sqft
    2022-08-01 43 days 1,616 sqft
    2022-09-01 42 days 1,603 sqft
    2022-10-01 43 days 1,570 sqft
    2022-11-01 48 days 1,556 sqft
    2022-12-01 59 days 1,546 sqft
    2023-01-01 71 days 1,549 sqft
    2023-02-01 62 days 1,504 sqft
    2023-03-01 47 days 1,498 sqft
    2023-04-01 47 days 1,546 sqft
    2023-05-01 46 days 1,549 sqft
    2023-06-01 44 days 1,609 sqft
    2023-07-01 40 days 1,667 sqft
    2023-08-01 40 days 1,665 sqft
    2023-09-01 40 days 1,677 sqft
    2023-10-01 41 days 1,685 sqft
    2023-11-01 43 days 1,690 sqft
    2023-12-01 51 days 1,658 sqft
    2024-01-01 64 days 1,622 sqft
    2024-02-01 61 days 1,620 sqft
    2024-03-01 40 days 1,612 sqft
    2024-04-01 43 days 1,660 sqft
    2024-05-01 40 days 1,681 sqft
    2024-06-01 39 days 1,700 sqft
    2024-07-01 38 days 1,725 sqft
    2024-08-01 38 days 1,711 sqft
    2024-09-01 41 days 1,691 sqft
    2024-10-01 42 days 1,664 sqft
    2024-11-01 46 days 1,639 sqft
    2024-12-01 52 days 1,616 sqft
    2025-01-01 61 days 1,601 sqft
    2025-02-01 65 days 1,576 sqft
    2025-03-01 0 days 1,584 sqft
    Davenport'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.

    Davenport's median square footage for active listings during the 2025-03-01 period was 1,584 sqft. One year prior, the average listing was 1,612 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.