Dixon VA Loan Rates, Closing Costs & Stats

Dixon, IL

  • 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.

    Dixon's 13 lenders originated 23 VA loans during 2023. The total origination value was $4,885,000, with an average VA loan value of $212,391.

    Dixon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dixon averaged 6.92% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Dixon's average VA mortgage closing costs are $4,571.

    The average rate for the prior week (2024-04-12) was 6.65% and one month ago for the week of 2024-03-15, the average rate was 6.81%.

    The average rate one year ago was 6.2%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Dixon 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 Dixon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.75% $2,538
    QUICKEN LOANS, LLC 2 6.31% $10,344
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $8,933
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $15,018
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $6,835
    GREENSTATE CREDIT UNION 1 6.63% $3,339
    Barrington Bank & Trust Company, N.A. 1 6.25% $6,503
    GUILD MORTGAGE COMPANY 1 7.63% $3,730
    INB 1 5.25% $6,744
    JPMorgan Chase Bank 1 6.50% $7,566
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $5,436
    GUARANTEED RATE, INC. 1 6.75% $9,508
    BROKER SOLUTIONS, INC. 1 7.13% $6,544

    The top Dixon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $2,538, which is $7,806 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dixon (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 $114,700 (-2.5%) $142,853 (-8.5%) 0.00 117
    2018-02-01 $121,725 (6.4%) $148,525 (-3.0%) 0.00 120
    2018-03-01 $119,900 (0.6%) $153,841 (-1.2%) 0.00 123
    2018-04-01 $125,725 (4.8%) $155,356 (-2.8%) 0.00 136
    2018-05-01 $129,200 (-0.2%) $158,719 (-3.0%) 0.00 146
    2018-06-01 $125,950 (3.9%) $158,830 (1.9%) 0.00 152
    2018-07-01 $119,675 (-0.2%) $153,434 (-0.3%) 0.00 143
    2018-08-01 $119,675 (0.6%) $157,003 (2.5%) 0.00 149
    2018-09-01 $125,000 (7.8%) $164,956 (9.9%) 0.00 142
    2018-10-01 $129,800 (13.6%) $167,644 (11.4%) 0.00 141
    2018-11-01 $124,675 (11.4%) $161,125 (13.8%) 0.00 131
    2018-12-01 $119,900 (14.2%) $159,172 (15.4%) 0.00 130
    2019-01-01 $116,950 (2.0%) $150,775 (5.6%) 0.00 131
    2019-02-01 $123,675 (1.6%) $156,926 (5.7%) 0.00 123
    2019-03-01 $127,829 (6.6%) $164,077 (6.7%) 0.00 119
    2019-04-01 $135,125 (7.5%) $177,741 (14.4%) 0.00 117
    2019-05-01 $138,700 (7.4%) $186,509 (17.5%) 0.00 111
    2019-06-01 $149,625 (18.8%) $188,512 (18.7%) 0.00 121
    2019-07-01 $147,225 (23.0%) $183,385 (19.5%) 0.00 118
    2019-08-01 $142,973 (19.5%) $177,590 (13.1%) 0.00 132
    2019-09-01 $133,257 (6.6%) $169,414 (2.7%) 0.00 140
    2019-10-01 $127,100 (-2.1%) $162,047 (-3.3%) 0.00 149
    2019-11-01 $127,900 (2.6%) $158,716 (-1.5%) 0.00 143
    2019-12-01 $128,175 (6.9%) $154,850 (-2.7%) 0.00 138
    2020-01-01 $129,000 (10.3%) $160,361 (6.4%) 0.00 132
    2020-02-01 $129,250 (4.5%) $156,284 (-0.4%) 0.00 120
    2020-03-01 $136,700 (6.9%) $165,436 (0.8%) 0.00 121
    2020-04-01 $140,550 (4.0%) $173,204 (-2.6%) 0.00 109
    2020-05-01 $135,000 (-2.7%) $164,969 (-11.6%) 0.00 99
    2020-06-01 $145,700 (-2.6%) $182,819 (-3.0%) 0.00 97
    2020-07-01 $139,675 (-5.1%) $176,568 (-3.7%) 0.00 106
    2020-08-01 $135,000 (-5.6%) $174,972 (-1.5%) 0.00 96
    2020-09-01 $136,700 (2.6%) $165,870 (-2.1%) 0.00 100
    2020-10-01 $139,000 (9.4%) $174,163 (7.5%) 0.00 104
    2020-11-01 $129,900 (1.6%) $173,913 (9.6%) 0.00 93
    2020-12-01 $125,925 (-1.8%) $159,676 (3.1%) 0.00 79
    2021-01-01 $124,900 (-3.2%) $164,688 (2.7%) 0.00 68
    2021-02-01 $127,400 (-1.4%) $169,855 (8.7%) 0.00 67
    2021-03-01 $129,250 (-5.5%) $167,369 (1.2%) 0.00 53
    2021-04-01 $134,175 (-4.5%) $170,991 (-1.3%) 0.00 45
    2021-05-01 $132,000 (-2.2%) $181,602 (10.1%) 0.00 37
    2021-06-01 $144,950 (-0.5%) $193,029 (5.6%) 0.00 44
    2021-07-01 $134,000 (-4.1%) $203,647 (15.3%) 0.00 54
    2021-08-01 $133,350 (-1.2%) $202,425 (15.7%) 0.00 61
    2021-09-01 $135,250 (-1.1%) $200,923 (21.1%) 0.00 67
    2021-10-01 $148,700 (7.0%) $201,409 (15.6%) 0.00 62
    2021-11-01 $136,200 (4.9%) $183,461 (5.5%) 0.00 59
    2021-12-01 $127,000 (0.9%) $172,870 (8.3%) 0.00 58
    2022-01-01 $117,000 (-6.3%) $161,293 (-2.1%) 0.00 48
    2022-02-01 $115,500 (-9.3%) $151,715 (-10.7%) 0.00 50
    2022-03-01 $115,225 (-10.9%) $173,144 (3.5%) 0.00 45
    2022-04-01 $110,000 (-18.0%) $256,671 (50.1%) 0.00 35
    2022-05-01 $112,575 (-14.7%) $238,531 (31.4%) 0.00 43
    2022-06-01 $173,725 (19.9%) $256,091 (32.7%) 0.00 48
    2022-07-01 $189,000 (41.0%) $269,489 (32.3%) 0.00 55
    2022-08-01 $183,450 (37.6%) $264,703 (30.8%) 0.00 59
    2022-09-01 $172,450 (27.5%) $253,859 (26.4%) 0.00 59
    2022-10-01 $160,000 (7.6%) $239,100 (18.7%) 0.00 56
    2022-11-01 $145,000 (6.5%) $227,110 (23.8%) 0.00 51
    2022-12-01 $162,500 (28.0%) $224,695 (30.0%) 0.00 48
    2023-01-01 $133,250 (13.9%) $156,912 (-2.7%) 0.00 42
    2023-02-01 $139,425 (20.7%) $169,927 (12.0%) 0.00 35
    2023-03-01 $147,000 (27.6%) $175,097 (1.1%) 0.00 38
    2023-04-01 $181,950 (65.4%) $208,711 (-18.7%) 0.00 38
    2023-05-01 $191,000 (69.7%) $231,657 (-2.9%) 0.00 45
    2023-06-01 $201,225 (15.8%) $232,518 (-9.2%) 0.00 46
    2023-07-01 $225,000 (19.1%) $243,571 (-9.6%) 0.00 40
    2023-08-01 $223,500 (21.8%) $243,218 (-8.1%) 0.00 35
    2023-09-01 $189,900 (10.1%) $234,933 (-7.5%) 0.00 59
    2023-10-01 $186,575 (16.6%) $237,797 (-0.5%) 0.00 59
    2023-11-01 $179,900 (24.1%) $235,693 (3.8%) 0.00 50
    2023-12-01 $172,250 (6.0%) $223,116 (-0.7%) 0.00 47
    2024-01-01 $178,900 (34.3%) $236,635 (50.8%) 0.00 41
    2024-02-01 $199,950 (43.4%) $256,274 (50.8%) 0.00 35
    2024-03-01 $199,950 (36.0%) $254,059 (45.1%) 0.00 32
    Dixon's median listing price for 2024-03-01 was $199,950, a difference of $52,950 (36.0%) versus the prior year and $0 versus the prior month.

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

    Dixon's average listing price for 2024-03-01 was $254,059, a difference of $78,962 (45.1%) versus the prior year and $-2,215 versus the prior month.

    For the 2024-03-01 period, Dixon had 32 MLS listings, a difference of -3 listings (-9%) versus the prior month and -6 listings (-16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dixon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,615 sqft
    2018-02-01 0 days 1,651 sqft
    2018-03-01 0 days 1,624 sqft
    2018-04-01 0 days 1,652 sqft
    2018-05-01 0 days 1,680 sqft
    2018-06-01 0 days 1,670 sqft
    2018-07-01 0 days 1,680 sqft
    2018-08-01 0 days 1,680 sqft
    2018-09-01 0 days 1,716 sqft
    2018-10-01 0 days 1,719 sqft
    2018-11-01 0 days 1,748 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,656 sqft
    2019-02-01 0 days 1,710 sqft
    2019-03-01 0 days 1,711 sqft
    2019-04-01 0 days 1,721 sqft
    2019-05-01 0 days 1,758 sqft
    2019-06-01 0 days 1,757 sqft
    2019-07-01 0 days 1,750 sqft
    2019-08-01 0 days 1,723 sqft
    2019-09-01 0 days 1,668 sqft
    2019-10-01 0 days 1,652 sqft
    2019-11-01 0 days 1,630 sqft
    2019-12-01 0 days 1,547 sqft
    2020-01-01 0 days 1,525 sqft
    2020-02-01 0 days 1,581 sqft
    2020-03-01 0 days 1,728 sqft
    2020-04-01 0 days 1,792 sqft
    2020-05-01 0 days 1,729 sqft
    2020-06-01 0 days 1,806 sqft
    2020-07-01 0 days 1,782 sqft
    2020-08-01 0 days 1,781 sqft
    2020-09-01 0 days 1,812 sqft
    2020-10-01 0 days 1,828 sqft
    2020-11-01 0 days 1,753 sqft
    2020-12-01 0 days 1,627 sqft
    2021-01-01 0 days 1,625 sqft
    2021-02-01 0 days 1,643 sqft
    2021-03-01 0 days 1,634 sqft
    2021-04-01 0 days 1,501 sqft
    2021-05-01 0 days 1,505 sqft
    2021-06-01 0 days 1,524 sqft
    2021-07-01 0 days 1,594 sqft
    2021-08-01 0 days 1,587 sqft
    2021-09-01 0 days 1,582 sqft
    2021-10-01 0 days 1,558 sqft
    2021-11-01 0 days 1,542 sqft
    2021-12-01 0 days 1,541 sqft
    2022-01-01 0 days 1,668 sqft
    2022-02-01 0 days 1,464 sqft
    2022-03-01 0 days 1,495 sqft
    2022-04-01 0 days 1,404 sqft
    2022-05-01 0 days 1,385 sqft
    2022-06-01 0 days 1,624 sqft
    2022-07-01 0 days 1,784 sqft
    2022-08-01 0 days 1,707 sqft
    2022-09-01 0 days 1,620 sqft
    2022-10-01 0 days 1,592 sqft
    2022-11-01 0 days 1,503 sqft
    2022-12-01 0 days 1,374 sqft
    2023-01-01 0 days 1,350 sqft
    2023-02-01 0 days 1,382 sqft
    2023-03-01 0 days 1,451 sqft
    2023-04-01 0 days 1,500 sqft
    2023-05-01 0 days 1,523 sqft
    2023-06-01 0 days 1,519 sqft
    2023-07-01 0 days 1,571 sqft
    2023-08-01 0 days 1,531 sqft
    2023-09-01 0 days 1,776 sqft
    2023-10-01 0 days 1,848 sqft
    2023-11-01 0 days 1,841 sqft
    2023-12-01 0 days 1,726 sqft
    2024-01-01 0 days 1,892 sqft
    2024-02-01 0 days 1,941 sqft
    2024-03-01 0 days 1,924 sqft
    Dixon's median listing age (time on market) for 2024-03-01 was 0 days.

    Dixon's median square footage for active listings during the 2024-03-01 period was 1,924 sqft. One year prior, the average listing was 1,451 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.