Decatur VA Loan Rates, Closing Costs & Stats
DECATUR, 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 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.
Decatur's 28 lenders originated 85 VA loans during 2023. The total origination value was $15,795,000, with an average VA loan value of $185,824.
Decatur VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Decatur
averaged
0.28%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Decatur's average VA mortgage closing costs are $4,100.
The average rate for the prior week (2024-11-22) was
6.75% and
one month ago for the week of 2024-10-25, the
average rate was 6.55%.
The average rate one year ago was 7.29%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Decatur 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 Decatur level.
The top Decatur VA lender as defined by loan originations is Mortgage Research Center, LLC, with
39 VA loans originated. Their average total fees are
$4,179, which is $1,507
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Decatur VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,179), .
The lowest rate Decatur VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.97%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Decatur (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 | $89,950 (-0.5%) | $117,494 (-9.5%) | 0.00 | 601 |
2018-02-01 | $90,825 (1.0%) | $122,312 (-4.9%) | 0.00 | 577 |
2018-03-01 | $89,900 (0.0%) | $122,802 (-5.1%) | 0.00 | 566 |
2018-04-01 | $97,025 (2.5%) | $128,191 (-3.8%) | 0.00 | 563 |
2018-05-01 | $98,050 (0.2%) | $130,039 (-6.4%) | 0.00 | 569 |
2018-06-01 | $97,200 (-2.7%) | $131,640 (-5.9%) | 0.00 | 559 |
2018-07-01 | $97,000 (-1.9%) | $131,579 (0.1%) | 0.00 | 600 |
2018-08-01 | $97,200 (-2.4%) | $138,199 (3.9%) | 0.00 | 614 |
2018-09-01 | $89,900 (-8.9%) | $133,747 (2.3%) | 0.00 | 602 |
2018-10-01 | $90,750 (0.1%) | $135,114 (8.7%) | 0.00 | 580 |
2018-11-01 | $94,800 (1.5%) | $134,431 (8.1%) | 0.00 | 558 |
2018-12-01 | $93,500 (4.0%) | $134,187 (12.5%) | 0.00 | 512 |
2019-01-01 | $94,200 (4.7%) | $135,809 (15.6%) | 0.00 | 471 |
2019-02-01 | $104,675 (15.3%) | $144,057 (17.8%) | 0.00 | 432 |
2019-03-01 | $104,657 (16.4%) | $143,316 (16.7%) | 0.00 | 429 |
2019-04-01 | $112,949 (16.4%) | $148,093 (15.5%) | 0.00 | 428 |
2019-05-01 | $114,599 (16.9%) | $157,527 (21.1%) | 0.00 | 441 |
2019-06-01 | $112,500 (15.7%) | $156,023 (18.5%) | 0.00 | 472 |
2019-07-01 | $109,950 (13.4%) | $150,792 (14.6%) | 0.00 | 549 |
2019-08-01 | $109,740 (12.9%) | $147,694 (6.9%) | 0.00 | 549 |
2019-09-01 | $109,577 (21.9%) | $146,502 (9.5%) | 0.00 | 532 |
2019-10-01 | $107,225 (18.2%) | $145,708 (7.8%) | 0.00 | 519 |
2019-11-01 | $99,900 (5.4%) | $139,844 (4.0%) | 0.00 | 478 |
2019-12-01 | $99,375 (6.3%) | $138,903 (3.5%) | 0.00 | 418 |
2020-01-01 | $94,925 (0.8%) | $131,532 (-3.2%) | 0.00 | 380 |
2020-02-01 | $98,900 (-5.5%) | $132,871 (-7.8%) | 0.00 | 342 |
2020-03-01 | $108,625 (3.8%) | $140,171 (-2.2%) | 0.00 | 340 |
2020-04-01 | $106,725 (-5.5%) | $139,147 (-6.0%) | 0.00 | 321 |
2020-05-01 | $112,500 (-1.8%) | $147,561 (-6.3%) | 0.00 | 293 |
2020-06-01 | $116,700 (3.7%) | $158,407 (1.5%) | 0.00 | 255 |
2020-07-01 | $110,650 (0.6%) | $150,328 (-0.3%) | 0.00 | 284 |
2020-08-01 | $102,000 (-7.1%) | $147,649 (0.0%) | 0.00 | 267 |
2020-09-01 | $104,700 (-4.5%) | $145,028 (-1.0%) | 0.00 | 248 |
2020-10-01 | $100,000 (-6.7%) | $143,406 (-1.6%) | 0.00 | 226 |
2020-11-01 | $96,225 (-3.7%) | $135,716 (-3.0%) | 0.00 | 238 |
2020-12-01 | $89,900 (-9.5%) | $129,456 (-6.8%) | 0.00 | 230 |
2021-01-01 | $89,900 (-5.3%) | $128,739 (-2.1%) | 0.00 | 210 |
2021-02-01 | $91,750 (-7.2%) | $133,378 (0.4%) | 0.00 | 180 |
2021-03-01 | $97,425 (-10.3%) | $140,546 (0.3%) | 0.00 | 153 |
2021-04-01 | $86,125 (-19.3%) | $142,293 (2.3%) | 0.00 | 137 |
2021-05-01 | $99,899 (-11.2%) | $168,052 (13.9%) | 0.00 | 145 |
2021-06-01 | $99,650 (-14.6%) | $178,860 (12.9%) | 0.00 | 142 |
2021-07-01 | $87,000 (-21.4%) | $171,271 (13.9%) | 0.00 | 155 |
2021-08-01 | $89,900 (-11.9%) | $169,423 (14.8%) | 0.00 | 170 |
2021-09-01 | $99,900 (-4.6%) | $176,105 (21.4%) | 0.00 | 188 |
2021-10-01 | $109,900 (9.9%) | $163,645 (14.1%) | 0.00 | 182 |
2021-11-01 | $102,974 (7.0%) | $155,653 (14.7%) | 0.00 | 168 |
2021-12-01 | $98,897 (10.0%) | $153,655 (18.7%) | 0.00 | 166 |
2022-01-01 | $89,900 (0.0%) | $140,101 (8.8%) | 0.00 | 147 |
2022-02-01 | $89,900 (-2.0%) | $144,897 (8.6%) | 0.00 | 139 |
2022-03-01 | $87,225 (-10.5%) | $148,165 (5.4%) | 0.00 | 128 |
2022-04-01 | $89,897 (4.4%) | $167,609 (17.8%) | 0.00 | 140 |
2022-05-01 | $115,450 (15.6%) | $181,056 (7.7%) | 0.00 | 142 |
2022-06-01 | $124,925 (25.4%) | $187,877 (5.0%) | 0.00 | 146 |
2022-07-01 | $125,000 (43.7%) | $183,767 (7.3%) | 0.00 | 169 |
2022-08-01 | $126,550 (40.8%) | $176,048 (3.9%) | 0.00 | 174 |
2022-09-01 | $125,900 (26.0%) | $174,441 (-0.9%) | 0.00 | 184 |
2022-10-01 | $126,000 (14.7%) | $176,076 (7.6%) | 0.00 | 187 |
2022-11-01 | $127,450 (23.8%) | $175,228 (12.6%) | 0.00 | 173 |
2022-12-01 | $119,900 (21.2%) | $168,424 (9.6%) | 0.00 | 146 |
2023-01-01 | $118,675 (32.0%) | $177,173 (26.5%) | 0.00 | 136 |
2023-02-01 | $117,200 (30.4%) | $189,880 (31.0%) | 0.00 | 122 |
2023-03-01 | $123,700 (41.8%) | $198,324 (33.9%) | 0.00 | 104 |
2023-04-01 | $125,000 (39.1%) | $209,976 (25.3%) | 0.00 | 100 |
2023-05-01 | $160,675 (39.2%) | $230,434 (27.3%) | 0.00 | 105 |
2023-06-01 | $149,899 (20.0%) | $224,173 (19.3%) | 0.00 | 122 |
2023-07-01 | $144,897 (15.9%) | $222,627 (21.2%) | 0.00 | 125 |
2023-08-01 | $147,725 (16.7%) | $213,318 (21.2%) | 0.00 | 151 |
2023-09-01 | $156,950 (24.7%) | $219,353 (25.8%) | 0.00 | 147 |
2023-10-01 | $155,950 (23.8%) | $221,671 (25.9%) | 0.00 | 169 |
2023-11-01 | $164,225 (28.9%) | $224,376 (28.1%) | 0.00 | 166 |
2023-12-01 | $144,700 (20.7%) | $206,609 (22.7%) | 0.00 | 162 |
2024-01-01 | $146,075 (23.1%) | $210,558 (18.8%) | 0.00 | 154 |
2024-02-01 | $154,950 (32.2%) | $210,614 (10.9%) | 0.00 | 153 |
2024-03-01 | $149,900 (21.2%) | $231,841 (16.9%) | 0.00 | 125 |
2024-04-01 | $159,950 (28.0%) | $248,285 (18.2%) | 0.00 | 132 |
2024-05-01 | $154,725 (-3.7%) | $244,288 (6.0%) | 0.00 | 151 |
2024-06-01 | $139,900 (-6.7%) | $218,216 (-2.7%) | 0.00 | 166 |
2024-07-01 | $154,900 (6.9%) | $216,908 (-2.6%) | 0.00 | 173 |
2024-08-01 | $160,467 (8.6%) | $221,783 (4.0%) | 0.00 | 189 |
2024-09-01 | $161,633 (3.0%) | $217,497 (-0.9%) | 0.00 | 184 |
2024-10-01 | $154,950 (-0.6%) | $218,013 (-1.7%) | 0.00 | 181 |
Decatur's median listing price comes in at 0% of the national average.
Decatur's average listing price for 2024-10-01 was $218,013, a difference of $-3,658 (-1.7%) versus the prior year and $516 versus the prior month.
For the 2024-10-01 period, Decatur had 181 MLS listings, a difference of -3 listings (-2%) versus the prior month and 12 listings (7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Decatur (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,612 sqft |
2018-02-01 | 0 days | 1,638 sqft |
2018-03-01 | 0 days | 1,649 sqft |
2018-04-01 | 0 days | 1,720 sqft |
2018-05-01 | 0 days | 1,692 sqft |
2018-06-01 | 0 days | 1,717 sqft |
2018-07-01 | 0 days | 1,665 sqft |
2018-08-01 | 0 days | 1,665 sqft |
2018-09-01 | 0 days | 1,656 sqft |
2018-10-01 | 0 days | 1,663 sqft |
2018-11-01 | 0 days | 1,655 sqft |
2018-12-01 | 0 days | 1,636 sqft |
2019-01-01 | 0 days | 1,639 sqft |
2019-02-01 | 0 days | 1,742 sqft |
2019-03-01 | 0 days | 1,751 sqft |
2019-04-01 | 0 days | 1,788 sqft |
2019-05-01 | 0 days | 1,795 sqft |
2019-06-01 | 0 days | 1,795 sqft |
2019-07-01 | 0 days | 1,767 sqft |
2019-08-01 | 0 days | 1,763 sqft |
2019-09-01 | 0 days | 1,766 sqft |
2019-10-01 | 0 days | 1,765 sqft |
2019-11-01 | 0 days | 1,728 sqft |
2019-12-01 | 0 days | 1,696 sqft |
2020-01-01 | 0 days | 1,665 sqft |
2020-02-01 | 0 days | 1,691 sqft |
2020-03-01 | 0 days | 1,790 sqft |
2020-04-01 | 0 days | 1,739 sqft |
2020-05-01 | 0 days | 1,777 sqft |
2020-06-01 | 0 days | 1,847 sqft |
2020-07-01 | 0 days | 1,757 sqft |
2020-08-01 | 0 days | 1,760 sqft |
2020-09-01 | 0 days | 1,799 sqft |
2020-10-01 | 0 days | 1,797 sqft |
2020-11-01 | 0 days | 1,714 sqft |
2020-12-01 | 0 days | 1,634 sqft |
2021-01-01 | 0 days | 1,561 sqft |
2021-02-01 | 0 days | 1,594 sqft |
2021-03-01 | 0 days | 1,628 sqft |
2021-04-01 | 0 days | 1,623 sqft |
2021-05-01 | 0 days | 1,709 sqft |
2021-06-01 | 0 days | 1,674 sqft |
2021-07-01 | 0 days | 1,661 sqft |
2021-08-01 | 0 days | 1,654 sqft |
2021-09-01 | 0 days | 1,628 sqft |
2021-10-01 | 0 days | 1,633 sqft |
2021-11-01 | 0 days | 1,513 sqft |
2021-12-01 | 0 days | 1,595 sqft |
2022-01-01 | 0 days | 1,488 sqft |
2022-02-01 | 0 days | 1,443 sqft |
2022-03-01 | 0 days | 1,427 sqft |
2022-04-01 | 0 days | 1,316 sqft |
2022-05-01 | 0 days | 1,530 sqft |
2022-06-01 | 0 days | 1,780 sqft |
2022-07-01 | 0 days | 1,758 sqft |
2022-08-01 | 0 days | 1,874 sqft |
2022-09-01 | 0 days | 2,125 sqft |
2022-10-01 | 0 days | 2,082 sqft |
2022-11-01 | 0 days | 1,735 sqft |
2022-12-01 | 0 days | 1,712 sqft |
2023-01-01 | 0 days | 1,634 sqft |
2023-02-01 | 0 days | 1,605 sqft |
2023-03-01 | 0 days | 1,573 sqft |
2023-04-01 | 0 days | 1,648 sqft |
2023-05-01 | 0 days | 1,847 sqft |
2023-06-01 | 0 days | 1,781 sqft |
2023-07-01 | 0 days | 1,740 sqft |
2023-08-01 | 0 days | 1,710 sqft |
2023-09-01 | 0 days | 1,740 sqft |
2023-10-01 | 0 days | 1,828 sqft |
2023-11-01 | 0 days | 1,866 sqft |
2023-12-01 | 0 days | 1,680 sqft |
2024-01-01 | 0 days | 1,749 sqft |
2024-02-01 | 0 days | 1,739 sqft |
2024-03-01 | 0 days | 1,745 sqft |
2024-04-01 | 0 days | 1,855 sqft |
2024-05-01 | 0 days | 1,790 sqft |
2024-06-01 | 0 days | 1,750 sqft |
2024-07-01 | 0 days | 1,724 sqft |
2024-08-01 | 0 days | 1,773 sqft |
2024-09-01 | 0 days | 1,801 sqft |
2024-10-01 | 0 days | 1,806 sqft |
Decatur's median square footage for active listings during the 2024-10-01 period was 1,806 sqft. One year prior, the average listing was 1,828 sqft.