Dodge City VA Loan Rates, Closing Costs & Stats

Dodge City, KS

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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.

    Dodge City's 8 lenders originated 16 VA loans during 2023. The total origination value was $3,420,000, with an average VA loan value of $213,750.

    Dodge City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dodge City averaged 0.22% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Dodge City's average VA mortgage closing costs are $4,990.

    The average rate for the prior week (2024-11-08) was 6.63% and one month ago for the week of 2024-10-11, the average rate was 5.8%.

    The average rate one year ago was 7.49%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Dodge City 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 Dodge City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 6.93% $2,737
    NEW DAY FINANCIAL, LLC 2 7.24% $9,608
    UNITED WHOLESALE MORTGAGE, LLC 2 6.47% $3,950
    Plains Commerce Bank 1 5.25% $8,925
    FREEDOM MORTGAGE CORPORATION 1 6.75% $11,937
    USAA Federal Savings Bank 1 7.88% $1,542
    NAVY FEDERAL CREDIT UNION 1 5.88% $10,873
    NEWREZ LLC 1 6.25% $8,269

    The top Dodge City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $2,737, which is $6,871 lower than the next largest lender, NEW DAY FINANCIAL, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dodge City (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 $141,225 (-5.8%) $159,133 (-6.3%) 0.00 69
    2018-02-01 $145,000 (-10.6%) $166,048 (-7.3%) 0.00 79
    2018-03-01 $149,900 (-7.8%) $174,922 (-3.2%) 0.00 75
    2018-04-01 $149,950 (-1.7%) $177,772 (3.7%) 0.00 83
    2018-05-01 $152,225 (-2.7%) $178,087 (1.1%) 0.00 89
    2018-06-01 $152,000 (-7.1%) $176,032 (-1.2%) 0.00 87
    2018-07-01 $163,675 (2.4%) $179,295 (0.5%) 0.00 81
    2018-08-01 $167,975 (6.8%) $179,559 (1.5%) 0.00 76
    2018-09-01 $156,789 (4.9%) $173,953 (-0.3%) 0.00 77
    2018-10-01 $154,800 (2.5%) $181,380 (4.8%) 0.00 78
    2018-11-01 $154,750 (3.9%) $189,713 (10.0%) 0.00 78
    2018-12-01 $159,900 (10.4%) $186,023 (9.1%) 0.00 78
    2019-01-01 $149,925 (6.2%) $181,867 (14.3%) 0.00 83
    2019-02-01 $154,925 (6.8%) $179,956 (8.4%) 0.00 89
    2019-03-01 $156,021 (4.1%) $175,596 (0.4%) 0.00 86
    2019-04-01 $159,675 (6.5%) $177,533 (-0.1%) 0.00 86
    2019-05-01 $161,200 (5.9%) $181,739 (2.1%) 0.00 91
    2019-06-01 $159,450 (4.9%) $179,509 (2.0%) 0.00 99
    2019-07-01 $158,000 (-3.5%) $178,835 (-0.3%) 0.00 107
    2019-08-01 $158,464 (-5.7%) $180,908 (0.8%) 0.00 104
    2019-09-01 $159,159 (1.5%) $182,413 (4.9%) 0.00 100
    2019-10-01 $159,523 (3.1%) $181,794 (0.2%) 0.00 95
    2019-11-01 $153,500 (-0.8%) $177,308 (-6.5%) 0.00 93
    2019-12-01 $151,500 (-5.3%) $181,309 (-2.5%) 0.00 81
    2020-01-01 $150,450 (0.4%) $170,363 (-6.3%) 0.00 74
    2020-02-01 $145,400 (-6.2%) $174,212 (-3.2%) 0.00 66
    2020-03-01 $159,500 (2.2%) $186,923 (6.5%) 0.00 48
    2020-04-01 $165,625 (3.7%) $190,202 (7.1%) 0.00 43
    2020-05-01 $142,450 (-11.6%) $193,546 (6.5%) 0.00 36
    2020-06-01 $158,225 (-0.8%) $207,613 (15.7%) 0.00 34
    2020-07-01 $150,475 (-4.8%) $208,502 (16.6%) 0.00 32
    2020-08-01 $139,900 (-11.7%) $237,719 (31.4%) 0.00 30
    2020-09-01 $135,950 (-14.6%) $213,489 (17.0%) 0.00 31
    2020-10-01 $156,500 (-1.9%) $217,868 (19.8%) 0.00 27
    2020-11-01 $141,225 (-8.0%) $215,267 (21.4%) 0.00 35
    2020-12-01 $143,675 (-5.2%) $214,502 (18.3%) 0.00 30
    2021-01-01 $154,250 (2.5%) $217,960 (27.9%) 0.00 35
    2021-02-01 $142,775 (-1.8%) $210,733 (21.0%) 0.00 28
    2021-03-01 $128,125 (-19.7%) $212,461 (13.7%) 0.00 25
    2021-04-01 $145,725 (-12.0%) $258,644 (36.0%) 0.00 23
    2021-05-01 $164,500 (15.5%) $325,500 (68.2%) 0.00 16
    2021-06-01 $246,950 (56.1%) $355,267 (71.1%) 0.00 14
    2021-07-01 $249,000 (65.5%) $333,700 (60.1%) 0.00 17
    2021-08-01 $187,450 (34.0%) $241,908 (1.8%) 0.00 19
    2021-09-01 $158,550 (16.6%) $237,373 (11.2%) 0.00 15
    2021-10-01 $159,900 (2.2%) $218,894 (0.5%) 0.00 16
    2021-11-01 $166,250 (17.7%) $212,997 (-1.1%) 0.00 15
    2021-12-01 $159,900 (11.3%) $215,547 (0.5%) 0.00 14
    2022-01-01 $142,500 (-7.6%) $192,700 (-11.6%) 0.00 16
    2022-02-01 $153,225 (7.3%) $198,613 (-5.8%) 0.00 17
    2022-03-01 $156,175 (21.9%) $205,187 (-3.4%) 0.00 16
    2022-04-01 $183,900 (26.2%) $185,159 (-28.4%) 0.00 20
    2022-05-01 $250,750 (52.4%) $278,668 (-14.4%) 0.00 20
    2022-06-01 $303,500 (22.9%) $289,757 (-18.4%) 0.00 25
    2022-07-01 $279,000 (12.1%) $280,326 (-16.0%) 0.00 39
    2022-08-01 $314,725 (67.9%) $308,634 (27.6%) 0.00 32
    2022-09-01 $283,000 (78.5%) $302,888 (27.6%) 0.00 37
    2022-10-01 $260,000 (62.6%) $309,762 (41.5%) 0.00 40
    2022-11-01 $282,375 (69.9%) $323,406 (51.8%) 0.00 46
    2022-12-01 $285,000 (78.2%) $317,229 (47.2%) 0.00 42
    2023-01-01 $279,100 (95.9%) $307,047 (59.3%) 0.00 38
    2023-02-01 $286,499 (87.0%) $332,579 (67.5%) 0.00 32
    2023-03-01 $312,249 (99.9%) $355,013 (73.0%) 0.00 27
    2023-04-01 $297,498 (61.8%) $324,800 (75.4%) 0.00 24
    2023-05-01 $266,950 (6.5%) $318,252 (14.2%) 0.00 23
    2023-06-01 $287,500 (-5.3%) $320,045 (10.5%) 0.00 32
    2023-07-01 $294,750 (5.7%) $335,515 (19.7%) 0.00 32
    2023-08-01 $309,000 (-1.8%) $346,752 (12.4%) 0.00 29
    2023-09-01 $287,450 (1.6%) $322,482 (6.5%) 0.00 32
    2023-10-01 $268,750 (3.4%) $307,268 (-0.8%) 0.00 37
    2023-11-01 $258,225 (-8.6%) $290,588 (-10.2%) 0.00 43
    2023-12-01 $269,950 (-5.3%) $290,271 (-8.5%) 0.00 39
    2024-01-01 $284,925 (2.1%) $314,554 (2.4%) 0.00 38
    2024-02-01 $298,725 (4.3%) $317,596 (-4.5%) 0.00 39
    2024-03-01 $300,000 (-3.9%) $311,244 (-12.3%) 0.00 45
    2024-04-01 $296,750 (-0.3%) $309,326 (-4.8%) 0.00 45
    2024-05-01 $266,525 (-0.2%) $297,296 (-6.6%) 0.00 46
    2024-06-01 $288,050 (0.2%) $292,660 (-8.6%) 0.00 50
    2024-07-01 $296,000 (0.4%) $304,728 (-9.2%) 0.00 54
    2024-08-01 $297,300 (-3.8%) $300,711 (-13.3%) 0.00 57
    2024-09-01 $289,850 (0.8%) $291,799 (-9.5%) 0.00 61
    2024-10-01 $292,500 (8.8%) $300,587 (-2.2%) 0.00 57
    Dodge City's median listing price for 2024-10-01 was $292,500, a difference of $23,750 (8.8%) versus the prior year and $2,650 versus the prior month.

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

    Dodge City's average listing price for 2024-10-01 was $300,587, a difference of $-6,681 (-2.2%) versus the prior year and $8,788 versus the prior month.

    For the 2024-10-01 period, Dodge City had 57 MLS listings, a difference of -4 listings (-7%) versus the prior month and 20 listings (54%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dodge City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,458 sqft
    2018-02-01 0 days 1,457 sqft
    2018-03-01 0 days 1,457 sqft
    2018-04-01 0 days 1,432 sqft
    2018-05-01 0 days 1,458 sqft
    2018-06-01 0 days 1,448 sqft
    2018-07-01 0 days 1,450 sqft
    2018-08-01 0 days 1,459 sqft
    2018-09-01 0 days 1,476 sqft
    2018-10-01 0 days 1,471 sqft
    2018-11-01 0 days 1,476 sqft
    2018-12-01 0 days 1,476 sqft
    2019-01-01 0 days 1,472 sqft
    2019-02-01 0 days 1,477 sqft
    2019-03-01 0 days 1,471 sqft
    2019-04-01 0 days 1,480 sqft
    2019-05-01 0 days 1,458 sqft
    2019-06-01 0 days 1,467 sqft
    2019-07-01 0 days 1,431 sqft
    2019-08-01 0 days 1,454 sqft
    2019-09-01 0 days 1,471 sqft
    2019-10-01 0 days 1,462 sqft
    2019-11-01 0 days 1,438 sqft
    2019-12-01 0 days 1,431 sqft
    2020-01-01 0 days 1,437 sqft
    2020-02-01 0 days 1,455 sqft
    2020-03-01 0 days 1,468 sqft
    2020-04-01 0 days 1,413 sqft
    2020-05-01 0 days 1,394 sqft
    2020-06-01 0 days 1,444 sqft
    2020-07-01 0 days 1,414 sqft
    2020-08-01 0 days 1,448 sqft
    2020-09-01 0 days 1,448 sqft
    2020-10-01 0 days 1,484 sqft
    2020-11-01 0 days 1,468 sqft
    2020-12-01 0 days 1,453 sqft
    2021-01-01 0 days 1,465 sqft
    2021-02-01 0 days 1,458 sqft
    2021-03-01 0 days 1,431 sqft
    2021-04-01 0 days 1,403 sqft
    2021-05-01 0 days 1,468 sqft
    2021-06-01 0 days 1,534 sqft
    2021-07-01 0 days 1,921 sqft
    2021-08-01 0 days 1,353 sqft
    2021-09-01 0 days 1,225 sqft
    2021-10-01 0 days 1,458 sqft
    2021-11-01 0 days 1,568 sqft
    2021-12-01 0 days 1,453 sqft
    2022-01-01 0 days 1,237 sqft
    2022-02-01 0 days 1,255 sqft
    2022-03-01 0 days 1,260 sqft
    2022-04-01 0 days 1,289 sqft
    2022-05-01 0 days 1,558 sqft
    2022-06-01 0 days 1,516 sqft
    2022-07-01 0 days 1,524 sqft
    2022-08-01 0 days 1,660 sqft
    2022-09-01 0 days 1,601 sqft
    2022-10-01 0 days 1,572 sqft
    2022-11-01 0 days 1,532 sqft
    2022-12-01 0 days 1,538 sqft
    2023-01-01 0 days 1,562 sqft
    2023-02-01 0 days 1,601 sqft
    2023-03-01 0 days 1,787 sqft
    2023-04-01 0 days 1,735 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,719 sqft
    2023-07-01 0 days 1,612 sqft
    2023-08-01 0 days 1,760 sqft
    2023-09-01 0 days 1,491 sqft
    2023-10-01 0 days 1,458 sqft
    2023-11-01 0 days 1,484 sqft
    2023-12-01 0 days 1,504 sqft
    2024-01-01 0 days 1,511 sqft
    2024-02-01 0 days 1,640 sqft
    2024-03-01 0 days 1,572 sqft
    2024-04-01 0 days 1,561 sqft
    2024-05-01 0 days 1,538 sqft
    2024-06-01 0 days 1,508 sqft
    2024-07-01 0 days 1,571 sqft
    2024-08-01 0 days 1,473 sqft
    2024-09-01 0 days 1,461 sqft
    2024-10-01 0 days 1,529 sqft
    Dodge City's median listing age (time on market) for 2024-10-01 was 0 days.

    Dodge City's median square footage for active listings during the 2024-10-01 period was 1,529 sqft. One year prior, the average listing was 1,458 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.