Dover VA Loan Rates, Closing Costs & Stats

DOVER, DE

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.

Dover's 96 lenders originated 799 VA loans during 2024. The total origination value was $291,175,000, with an average VA loan value of $364,424.

Dover VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Dover averaged 6.07% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Dover's average VA mortgage closing costs are $7,587.

The average rate for the prior week (2025-03-28) was 6.49% and one month ago for the week of 2025-02-28, the average rate was 6.26%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.2%.

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

Dover 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 Dover level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 77 6.45% $8,202
UNITED WHOLESALE MORTGAGE, LLC 58 5.83% $11,262
Keystone Funding, Inc. 54 6.18% $12,563
DHI MORTGAGE COMPANY, LTD. 46 5.31% $11,064
FREEDOM MORTGAGE CORPORATION 45 5.95% $9,303
QUICKEN LOANS, LLC 41 6.14% $12,133
NAVY FEDERAL CREDIT UNION 20 5.87% $8,134
NVR Mortgage Finance, Inc. 19 6.28% $4,720
Meridian Bank Corporation 19 6.03% $14,700
PIKE CREEK MORTGAGE SERVICES, INC. 17 6.08% $12,275
PENNYMAC LOAN SERVICES, LLC 17 5.87% $9,272
LOANDEPOT.COM, LLC 16 6.07% $10,947
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 16 6.10% $9,648
The Federal Savings Bank 15 6.14% $16,892
CROSSCOUNTRY MORTGAGE, LLC 15 6.30% $9,303
NEW DAY FINANCIAL, LLC 14 7.47% $13,190
NEWREZ LLC 14 5.87% $8,261
VILLAGE CAPITAL MORTGAGE 12 5.94% $8,115
CMG MORTGAGE, INC. 11 6.01% $10,859
GUILD MORTGAGE COMPANY 10 6.04% $12,921
EAGLE HOME MORTGAGE, LLC 10 6.10% $6,048
MOVEMENT MORTGAGE, LLC 9 6.21% $11,228
USAA Federal Savings Bank 9 6.25% $7,639
PLANET HOME LENDING, LLC 8 5.36% $6,056
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.31% $10,890
CARDINAL FINANCIAL 8 6.26% $10,274
HOMESIDE FINANCIAL, LLC 8 6.58% $16,943
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.29% $7,301
NFM, INC. 7 6.30% $11,883
MICHIGAN MUTUAL, INC. 7 6.36% $7,740
American Mortgage & Equity Consultants, Inc. 6 6.56% $12,953
Magnolia Bank 6 5.81% $21,442
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.00% $7,896
ALLIED MORTGAGE GROUP, INC. 5 6.75% $13,212
Mr. Cooper ( Nationstar Mortgage ) 5 6.65% $8,751
LAKEVIEW LOAN SERVICING, LLC 5 5.85% $8,894
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.21% $5,911
PLAZA HOME MORTGAGE, INC. 4 6.12% $19,920
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.22% $3,475
TIDEWATER MORTGAGE SERVICES, INC. 4 6.56% $12,754
Equity Prime Mortgage LLC 3 6.58% $9,357
BROKER SOLUTIONS, INC. 3 5.96% $11,839
Carrington Mortgage Services, LLC 3 6.04% $13,335
AmeriHome Mortgage Company, LLC 3 6.04% $8,710
RELIANCE FIRST CAPITAL, LLC 3 6.54% $16,453
Plains Commerce Bank 3 6.00% $10,662
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.54% $18,293
Barrington Bank & Trust Company, N.A. 3 6.08% $6,202
EMBRACE HOME LOANS, INC. 2 5.75% $16,679
AMERICAN FINANCIAL RESOURCES, INC. 2 6.38% $9,610
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.94% $23,667
CHURCHILL MORTGAGE CORPORATION 2 5.81% $22,961
First Federal Bank 2 5.69% $3,728
GUARANTEED RATE AFFINITY, LLC 2 6.73% $13,220
MEMBER FIRST MORTGAGE, LLC 2 7.13% $7,952
MLD MORTGAGE INC. 2 6.81% $7,562
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.44% $6,025
NBKC BANK 2 6.00% $9,187
PENTAGON FEDERAL CREDIT UNION 2 6.00% $3,871
PHH Mortgage Corporation 2 5.74% $6,357
Prosperity Home Mortgage, LLC 2 6.06% $9,061
Waterstone Mortgage Corporation 2 6.63% $24,312
U.S. Bank 1 6.75% $9,994
MORTGAGE EQUITY PARTNERS LLC 1 6.75% $14,182
NEW FED MORTGAGE, CORP. 1 6.25% $13,159
MDE Home Loans, LLC 1 6.50% $1,511
LOANPAL, LLC 1 6.38% $18,246
North American Savings Bank, F.S.B. 1 5.13% $24,800
Northpointe Bank 1 5.75% $4,885
JPMorgan Chase Bank 1 5.25% $4,001
Ixonia Bank 1 6.75% $16,535
Acre Mortgage and Financial Inc 1 6.25% $17,573
Wilmington Savings Fund Society, FSB 1 6.25% $3,903
HOMESTEAD FUNDING CORP. 1 6.13% $3,034
GREENTREE MORTGAGE COMPANY, L.P. 1 6.75% $8,826
FIRST HOME MORTGAGE CORPORATION 1 5.13% $33,098
FIDELITY DIRECT MORTGAGE, LLC 1 6.75% $6,459
Evolve Bank & Trust 1 6.00% $9,085
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.00% $13,090
Wells Fargo Bank 1 6.63% $11,465
Credence Funding Corporation 1 5.63% $2,839
Cornerstone First Mortgage, Inc 1 6.63% $11,043
SeaTrust Mortgage Company 1 6.99% $12,113
South State Bank 1 6.38% $15,474
SUN WEST MORTGAGE COMPANY, INC. 1 6.34% $3,780
Texana Bank 1 6.63% $21,975
The Dart Bank 1 5.75% $7,826
Capital Bank 1 5.75% $10,771
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.63% $0
Armed Forces Bank 1 5.25% $11,511
AMERISAVE MORTGAGE CORPORATION 1 6.00% $16,404
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $18,771
NATION ONE MORTGAGE CORPORATION 1 5.75% $7,568
Nations Lending Corporation 1 5.75% $18,089
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $5,343
M&T Bank 1 5.75% $12,857

The top Dover VA lender as defined by loan originations is Mortgage Research Center, LLC, with 77 VA loans originated. Their average total fees are $8,202, which is $3,059 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Dover VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. ($4,720), EAGLE HOME MORTGAGE, LLC ($6,048), VILLAGE CAPITAL MORTGAGE ($8,115), NAVY FEDERAL CREDIT UNION ($8,134) and Mortgage Research Center, LLC ($8,202).

The lowest rate Dover VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.31%), UNITED WHOLESALE MORTGAGE, LLC (5.83%), PENNYMAC LOAN SERVICES, LLC (5.87%), NAVY FEDERAL CREDIT UNION (5.87%) and NEWREZ LLC (5.87%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Dover (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 $241,425 (2.7%) $247,716 (3.8%) 0.90 837
2018-02-01 $244,800 (4.0%) $251,399 (6.0%) 0.89 811
2018-03-01 $249,943 (4.2%) $255,771 (5.9%) 0.88 805
2018-04-01 $252,400 (3.3%) $254,186 (2.8%) 0.86 858
2018-05-01 $259,948 (6.2%) $263,957 (6.5%) 0.87 857
2018-06-01 $259,900 (6.7%) $261,968 (5.9%) 0.87 937
2018-07-01 $262,950 (7.9%) $264,492 (6.5%) 0.88 956
2018-08-01 $259,885 (6.1%) $262,945 (4.5%) 0.87 971
2018-09-01 $259,900 (6.3%) $261,808 (4.9%) 0.87 947
2018-10-01 $259,900 (7.9%) $262,898 (6.1%) 0.88 957
2018-11-01 $263,650 (9.4%) $269,053 (8.4%) 0.89 916
2018-12-01 $260,000 (8.3%) $268,827 (8.0%) 0.90 808
2019-01-01 $263,050 (9.0%) $270,271 (9.1%) 0.91 727
2019-02-01 $262,945 (7.4%) $272,098 (8.2%) 0.89 697
2019-03-01 $264,851 (6.0%) $276,112 (8.0%) 0.87 719
2019-04-01 $267,161 (5.9%) $280,533 (10.4%) 0.85 737
2019-05-01 $271,623 (4.5%) $283,833 (7.5%) 0.85 743
2019-06-01 $270,388 (4.0%) $285,474 (9.0%) 0.85 740
2019-07-01 $269,938 (2.7%) $288,186 (9.0%) 0.85 744
2019-08-01 $270,745 (4.2%) $285,245 (8.5%) 0.86 737
2019-09-01 $272,014 (4.7%) $280,855 (7.3%) 0.87 714
2019-10-01 $272,859 (5.0%) $277,929 (5.7%) 0.88 693
2019-11-01 $269,900 (2.4%) $271,946 (1.1%) 0.88 678
2019-12-01 $269,450 (3.6%) $270,743 (0.7%) 0.90 631
2020-01-01 $273,400 (3.9%) $275,877 (2.1%) 0.91 590
2020-02-01 $274,900 (4.6%) $273,509 (0.5%) 0.90 567
2020-03-01 $277,900 (4.9%) $277,316 (0.4%) 0.87 547
2020-04-01 $279,173 (4.5%) $282,077 (0.6%) 0.87 509
2020-05-01 $277,700 (2.2%) $282,278 (-0.6%) 0.84 498
2020-06-01 $284,750 (5.3%) $288,146 (0.9%) 0.84 464
2020-07-01 $284,900 (5.5%) $292,521 (1.5%) 0.83 476
2020-08-01 $294,950 (8.9%) $301,399 (5.7%) 0.85 420
2020-09-01 $298,925 (9.9%) $307,916 (9.6%) 0.86 382
2020-10-01 $299,900 (9.9%) $305,745 (10.0%) 0.86 376
2020-11-01 $305,350 (13.1%) $313,948 (15.5%) 0.89 354
2020-12-01 $307,650 (14.2%) $312,568 (15.5%) 0.91 331
2021-01-01 $314,900 (15.2%) $322,118 (16.8%) 0.94 231
2021-02-01 $318,663 (15.9%) $327,468 (19.7%) 0.93 232
2021-03-01 $332,975 (19.8%) $346,952 (25.1%) 0.94 200
2021-04-01 $349,950 (25.4%) $360,630 (27.9%) 0.95 219
2021-05-01 $342,450 (23.3%) $353,452 (25.2%) 0.91 195
2021-06-01 $360,549 (26.6%) $370,707 (28.7%) 0.95 254
2021-07-01 $360,000 (26.4%) $373,212 (27.6%) 0.95 273
2021-08-01 $371,900 (26.1%) $401,702 (33.3%) 0.99 301
2021-09-01 $367,675 (23.0%) $397,364 (29.1%) 0.98 304
2021-10-01 $367,900 (22.7%) $391,998 (28.2%) 0.98 307
2021-11-01 $356,000 (16.6%) $394,874 (25.8%) 0.95 301
2021-12-01 $366,950 (19.3%) $406,457 (30.0%) 0.99 277
2022-01-01 $371,216 (17.9%) $418,314 (29.9%) 1.00 256
2022-02-01 $396,998 (24.6%) $438,008 (33.8%) 1.03 240
2022-03-01 $415,173 (24.7%) $452,559 (30.4%) 1.04 218
2022-04-01 $399,900 (14.3%) $446,726 (23.9%) 0.95 220
2022-05-01 $398,797 (16.5%) $432,822 (22.5%) 0.91 296
2022-06-01 $399,950 (10.9%) $427,775 (15.4%) 0.89 308
2022-07-01 $400,000 (11.1%) $419,604 (12.4%) 0.90 346
2022-08-01 $395,000 (6.2%) $416,091 (3.6%) 0.91 372
2022-09-01 $390,000 (6.1%) $414,895 (4.4%) 0.91 355
2022-10-01 $395,000 (7.4%) $415,506 (6.0%) 0.93 352
2022-11-01 $382,225 (7.4%) $402,683 (2.0%) 0.92 398
2022-12-01 $385,000 (4.9%) $404,781 (-0.4%) 0.95 358
2023-01-01 $399,850 (7.7%) $408,780 (-2.3%) 0.99 335
2023-02-01 $397,450 (0.1%) $406,743 (-7.1%) 0.96 328
2023-03-01 $397,675 (-4.2%) $410,896 (-9.2%) 0.94 298
2023-04-01 $409,000 (2.3%) $419,820 (-6.0%) 0.95 281
2023-05-01 $417,225 (4.6%) $428,358 (-1.0%) 0.95 298
2023-06-01 $418,200 (4.6%) $432,345 (1.1%) 0.94 308
2023-07-01 $409,513 (2.4%) $428,847 (2.2%) 0.93 323
2023-08-01 $418,965 (6.1%) $438,902 (5.5%) 0.96 316
2023-09-01 $415,000 (6.4%) $433,380 (4.5%) 0.97 351
2023-10-01 $417,450 (5.7%) $438,421 (5.5%) 0.98 381
2023-11-01 $415,000 (8.6%) $441,807 (9.7%) 0.99 383
2023-12-01 $409,250 (6.3%) $443,711 (9.6%) 1.00 385
2024-01-01 $412,250 (3.1%) $432,711 (5.9%) 1.01 355
2024-02-01 $417,875 (5.1%) $437,181 (7.5%) 1.01 364
2024-03-01 $421,450 (6.0%) $442,171 (7.6%) 0.99 356
2024-04-01 $426,400 (4.3%) $448,367 (6.8%) 0.99 354
2024-05-01 $424,950 (1.9%) $444,106 (3.7%) 0.97 360
2024-06-01 $422,900 (1.1%) $447,714 (3.6%) 0.96 394
2024-07-01 $422,600 (3.2%) $449,219 (4.8%) 0.97 402
2024-08-01 $415,950 (-0.7%) $449,023 (2.3%) 0.97 414
2024-09-01 $412,450 (-0.6%) $447,082 (3.2%) 0.97 439
2024-10-01 $408,000 (-2.3%) $443,539 (1.2%) 0.96 467
2024-11-01 $399,900 (-3.6%) $436,626 (-1.2%) 0.96 487
2024-12-01 $399,925 (-2.3%) $438,473 (-1.2%) 0.99 474
2025-01-01 $402,450 (-2.4%) $433,985 (0.3%) 1.00 464
2025-02-01 $401,500 (-3.9%) $433,406 (-0.9%) 0.97 443
2025-03-01 $399,900 (-5.1%) $440,624 (-0.4%) 0.00 430
Dover's median listing price for 2025-03-01 was $399,900, a difference of $-21,550 (-5.1%) versus the prior year and $-1,600 versus the prior month.

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

Dover's average listing price for 2025-03-01 was $440,624, a difference of $-1,547 (-0.4%) versus the prior year and $7,218 versus the prior month.

For the 2025-03-01 period, Dover had 430 MLS listings, a difference of -13 listings (-3%) versus the prior month and 74 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Dover (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 96 days 1,888 sqft
2018-02-01 87 days 1,880 sqft
2018-03-01 67 days 1,914 sqft
2018-04-01 63 days 1,908 sqft
2018-05-01 61 days 1,992 sqft
2018-06-01 64 days 2,000 sqft
2018-07-01 66 days 2,009 sqft
2018-08-01 70 days 1,982 sqft
2018-09-01 75 days 1,955 sqft
2018-10-01 77 days 1,939 sqft
2018-11-01 82 days 1,936 sqft
2018-12-01 95 days 1,904 sqft
2019-01-01 97 days 1,890 sqft
2019-02-01 102 days 1,909 sqft
2019-03-01 85 days 1,957 sqft
2019-04-01 65 days 2,003 sqft
2019-05-01 59 days 1,962 sqft
2019-06-01 64 days 1,954 sqft
2019-07-01 67 days 1,957 sqft
2019-08-01 68 days 1,946 sqft
2019-09-01 68 days 1,948 sqft
2019-10-01 70 days 1,950 sqft
2019-11-01 74 days 1,920 sqft
2019-12-01 83 days 1,932 sqft
2020-01-01 82 days 1,916 sqft
2020-02-01 65 days 1,903 sqft
2020-03-01 53 days 1,910 sqft
2020-04-01 60 days 1,946 sqft
2020-05-01 60 days 1,960 sqft
2020-06-01 49 days 1,970 sqft
2020-07-01 38 days 2,016 sqft
2020-08-01 41 days 2,029 sqft
2020-09-01 53 days 1,956 sqft
2020-10-01 55 days 1,961 sqft
2020-11-01 51 days 1,967 sqft
2020-12-01 55 days 2,007 sqft
2021-01-01 63 days 1,993 sqft
2021-02-01 43 days 2,035 sqft
2021-03-01 48 days 2,019 sqft
2021-04-01 42 days 2,189 sqft
2021-05-01 34 days 1,992 sqft
2021-06-01 38 days 2,177 sqft
2021-07-01 36 days 2,139 sqft
2021-08-01 25 days 2,191 sqft
2021-09-01 29 days 2,127 sqft
2021-10-01 36 days 2,108 sqft
2021-11-01 46 days 2,065 sqft
2021-12-01 53 days 2,073 sqft
2022-01-01 60 days 2,108 sqft
2022-02-01 49 days 2,190 sqft
2022-03-01 31 days 2,175 sqft
2022-04-01 35 days 2,200 sqft
2022-05-01 31 days 2,075 sqft
2022-06-01 38 days 2,131 sqft
2022-07-01 37 days 2,180 sqft
2022-08-01 36 days 2,103 sqft
2022-09-01 50 days 2,095 sqft
2022-10-01 52 days 2,016 sqft
2022-11-01 43 days 1,988 sqft
2022-12-01 57 days 2,009 sqft
2023-01-01 63 days 2,042 sqft
2023-02-01 50 days 1,993 sqft
2023-03-01 50 days 2,011 sqft
2023-04-01 40 days 2,013 sqft
2023-05-01 32 days 2,010 sqft
2023-06-01 38 days 2,040 sqft
2023-07-01 42 days 1,984 sqft
2023-08-01 49 days 2,046 sqft
2023-09-01 45 days 2,022 sqft
2023-10-01 49 days 2,063 sqft
2023-11-01 51 days 2,019 sqft
2023-12-01 58 days 2,000 sqft
2024-01-01 68 days 1,985 sqft
2024-02-01 64 days 2,076 sqft
2024-03-01 51 days 2,102 sqft
2024-04-01 44 days 2,087 sqft
2024-05-01 41 days 2,061 sqft
2024-06-01 47 days 2,024 sqft
2024-07-01 50 days 2,015 sqft
2024-08-01 49 days 1,990 sqft
2024-09-01 45 days 1,985 sqft
2024-10-01 44 days 1,985 sqft
2024-11-01 49 days 1,961 sqft
2024-12-01 54 days 2,015 sqft
2025-01-01 64 days 2,002 sqft
2025-02-01 65 days 2,008 sqft
2025-03-01 0 days 1,990 sqft
Dover'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.

Dover's median square footage for active listings during the 2025-03-01 period was 1,990 sqft. One year prior, the average listing was 2,102 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.