Dover VA Loan Rates, Closing Costs & Stats

DOVER, DE

  • 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.

    Dover's 80 lenders originated 614 VA loans during 2023. The total origination value was $213,480,000, with an average VA loan value of $347,687.

    Dover VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dover averaged 0.31% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Dover's average VA mortgage closing costs are $7,249.

    The average rate for the prior week (2024-11-08) was 6.62% and one month ago for the week of 2024-10-11, the average rate was 6.08%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.77%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 56 5.37% $11,412
    Mortgage Research Center, LLC 54 6.75% $9,187
    NFM, INC. 46 6.39% $12,990
    QUICKEN LOANS, LLC 24 6.42% $12,298
    NAVY FEDERAL CREDIT UNION 21 5.68% $8,671
    PIKE CREEK MORTGAGE SERVICES, INC. 20 6.65% $14,380
    CMG MORTGAGE, INC. 19 6.21% $14,300
    Keystone Funding, Inc. 17 6.40% $12,882
    FREEDOM MORTGAGE CORPORATION 16 6.56% $17,717
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.58% $10,670
    MOVEMENT MORTGAGE, LLC 14 6.27% $11,815
    UNITED WHOLESALE MORTGAGE, LLC 13 6.46% $9,689
    NVR Mortgage Finance, Inc. 13 5.86% $3,826
    NEWREZ LLC 12 6.41% $14,634
    Ixonia Bank 12 6.52% $10,078
    The Federal Savings Bank 12 6.31% $17,956
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 12 6.63% $10,572
    Equity Prime Mortgage LLC 12 6.05% $16,623
    Meridian Bank Corporation 10 6.85% $14,825
    PENTAGON FEDERAL CREDIT UNION 10 5.36% $10,539
    PENNYMAC LOAN SERVICES, LLC 9 5.78% $14,389
    NEW DAY FINANCIAL, LLC 9 7.36% $14,667
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.74% $12,194
    CROSSCOUNTRY MORTGAGE, LLC 9 7.36% $9,382
    LOANDEPOT.COM, LLC 8 5.98% $13,472
    Prosperity Home Mortgage, LLC 8 6.36% $7,951
    USAA Federal Savings Bank 8 6.14% $14,185
    NBKC BANK 8 5.75% $10,103
    GUILD MORTGAGE COMPANY 8 6.27% $12,440
    EAGLE HOME MORTGAGE, LLC 6 6.21% $9,621
    CARDINAL FINANCIAL 6 6.92% $17,458
    TIDEWATER MORTGAGE SERVICES, INC. 5 5.95% $10,658
    Plains Commerce Bank 5 5.95% $12,355
    Northpointe Bank 4 6.38% $3,923
    EMM LOANS LLC 4 5.75% $15,308
    Nations Lending Corporation 4 6.31% $9,882
    BROKER SOLUTIONS, INC. 3 6.79% $6,069
    CALIBER HOME LOANS, INC. 3 6.17% $11,458
    HOMESIDE FINANCIAL, LLC 3 6.00% $7,332
    Magnolia Bank 3 6.50% $14,787
    Truist 3 6.19% $4,069
    VILLAGE CAPITAL MORTGAGE 3 6.42% $7,899
    FIRST HOME MORTGAGE CORPORATION 2 6.38% $15,661
    PLAZA HOME MORTGAGE, INC. 2 6.75% $21,988
    Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $16,205
    Barrington Bank & Trust Company, N.A. 2 7.25% $10,662
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $19,311
    GUARANTEED RATE AFFINITY, LLC 2 7.31% $14,457
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.06% $15,415
    Armed Forces Bank 2 5.75% $7,702
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $19,118
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.88% $11,357
    Wells Fargo Bank 2 5.44% $5,012
    NORWICH COMMERCIAL GROUP, INC. 1 7.13% $6,720
    Paramount Residential Mortgage Group, Inc. 1 6.63% $8,582
    CONTOUR MORTGAGE CORPORATION 1 5.75% $15,857
    ALLIED MORTGAGE GROUP, INC. 1 6.13% $10,259
    MDE Home Loans, LLC 1 8.00% $2,245
    BAY EQUITY LLC 1 6.75% $8,405
    Presidential Bank, FSB 1 5.63% $12,036
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $600
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $11,994
    Residential Mortgage Solutions, Inc. 1 6.75% $9,670
    Sandy Spring Bank 1 6.50% $27,968
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $3,544
    Ameris Bank 1 7.13% $18,179
    Waterstone Mortgage Corporation 1 6.13% $13,715
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $4,440
    HOMESTEAD FUNDING CORP. 1 7.00% $5,919
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.00% $12,628
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $15,215
    GUARANTEED RATE, INC. 1 7.25% $8,077
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $132
    NATION ONE MORTGAGE CORPORATION 1 8.25% $13,446
    GSF Mortgage Corporation 1 7.13% $18,062
    Flagstar Bank, FSB 1 6.88% $4,674
    First Federal Bank 1 5.88% $4,973
    Evolve Bank & Trust 1 8.25% $6,813
    EVERETT FINANCIAL, INC. 1 6.38% $7,799
    EMBRACE HOME LOANS, INC. 1 5.75% $9,230

    The top Dover VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 56 VA loans originated. Their average total fees are $11,412, which is $2,225 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Dover VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. ($3,826), NAVY FEDERAL CREDIT UNION ($8,671), Mortgage Research Center, LLC ($9,187), UNITED WHOLESALE MORTGAGE, LLC ($9,689) and Ixonia Bank ($10,078).

    The lowest rate Dover VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.36%), DHI MORTGAGE COMPANY, LTD. (5.37%), NAVY FEDERAL CREDIT UNION (5.68%), NVR Mortgage Finance, Inc. (5.86%) and Equity Prime Mortgage LLC (6.05%).

    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 $244,700 (3.9%) $251,395 (6.0%) 0.89 811
    2018-03-01 $249,943 (4.2%) $255,908 (6.0%) 0.88 804
    2018-04-01 $252,450 (3.4%) $254,309 (2.8%) 0.86 857
    2018-05-01 $259,950 (6.2%) $263,966 (6.5%) 0.87 857
    2018-06-01 $259,900 (6.7%) $261,975 (5.9%) 0.87 937
    2018-07-01 $262,975 (7.9%) $264,502 (6.5%) 0.88 956
    2018-08-01 $259,948 (6.1%) $263,072 (4.5%) 0.87 970
    2018-09-01 $259,900 (6.3%) $261,929 (4.9%) 0.87 948
    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 (7.5%) $272,098 (8.2%) 0.89 697
    2019-03-01 $264,851 (6.0%) $276,112 (7.9%) 0.87 719
    2019-04-01 $267,161 (5.8%) $280,533 (10.3%) 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 (8.4%) 0.86 737
    2019-09-01 $272,014 (4.7%) $280,855 (7.2%) 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 $269,675 (3.7%) $270,796 (0.7%) 0.90 630
    2020-01-01 $273,400 (3.9%) $275,941 (2.1%) 0.91 589
    2020-02-01 $274,900 (4.6%) $273,572 (0.5%) 0.90 566
    2020-03-01 $277,900 (4.9%) $277,387 (0.5%) 0.87 546
    2020-04-01 $279,445 (4.6%) $282,164 (0.6%) 0.88 508
    2020-05-01 $277,500 (2.2%) $282,236 (-0.6%) 0.84 496
    2020-06-01 $284,823 (5.3%) $288,246 (1.0%) 0.84 463
    2020-07-01 $284,900 (5.5%) $292,629 (1.5%) 0.83 475
    2020-08-01 $295,000 (9.0%) $301,399 (5.7%) 0.85 420
    2020-09-01 $298,950 (9.9%) $308,329 (9.8%) 0.86 381
    2020-10-01 $299,900 (9.9%) $306,190 (10.2%) 0.86 375
    2020-11-01 $305,750 (13.3%) $314,441 (15.6%) 0.89 353
    2020-12-01 $307,900 (14.2%) $313,074 (15.6%) 0.92 330
    2021-01-01 $314,900 (15.2%) $322,801 (17.0%) 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 (25.2%) $360,630 (27.8%) 0.95 219
    2021-05-01 $342,450 (23.4%) $353,452 (25.2%) 0.91 195
    2021-06-01 $360,549 (26.6%) $370,707 (28.6%) 0.95 254
    2021-07-01 $360,000 (26.4%) $373,212 (27.5%) 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 (28.9%) 0.98 304
    2021-10-01 $367,900 (22.7%) $391,998 (28.0%) 0.98 307
    2021-11-01 $355,250 (16.2%) $394,882 (25.6%) 0.95 301
    2021-12-01 $366,950 (19.2%) $406,457 (29.8%) 0.99 277
    2022-01-01 $371,216 (17.9%) $418,314 (29.6%) 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 $398,572 (16.4%) $432,333 (22.3%) 0.91 295
    2022-06-01 $399,925 (10.9%) $427,203 (15.2%) 0.89 307
    2022-07-01 $400,000 (11.1%) $419,051 (12.3%) 0.90 345
    2022-08-01 $395,000 (6.2%) $415,987 (3.6%) 0.91 372
    2022-09-01 $390,000 (6.1%) $414,895 (4.4%) 0.91 355
    2022-10-01 $393,900 (7.1%) $415,506 (6.0%) 0.93 352
    2022-11-01 $381,250 (7.3%) $402,505 (1.9%) 0.92 397
    2022-12-01 $385,000 (4.9%) $404,352 (-0.5%) 0.95 356
    2023-01-01 $399,850 (7.7%) $408,780 (-2.3%) 0.99 334
    2023-02-01 $397,225 (0.1%) $406,563 (-7.2%) 0.96 328
    2023-03-01 $397,450 (-4.3%) $410,490 (-9.3%) 0.94 299
    2023-04-01 $407,500 (1.9%) $419,820 (-6.0%) 0.95 281
    2023-05-01 $417,225 (4.7%) $428,358 (-0.9%) 0.95 298
    2023-06-01 $418,200 (4.6%) $432,345 (1.2%) 0.94 308
    2023-07-01 $407,077 (1.8%) $428,567 (2.3%) 0.93 322
    2023-08-01 $417,769 (5.8%) $438,654 (5.5%) 0.96 315
    2023-09-01 $415,000 (6.4%) $433,127 (4.4%) 0.97 351
    2023-10-01 $417,450 (6.0%) $438,421 (5.5%) 0.98 381
    2023-11-01 $415,000 (8.9%) $441,807 (9.8%) 0.99 383
    2023-12-01 $409,250 (6.3%) $443,711 (9.7%) 1.00 385
    2024-01-01 $412,250 (3.1%) $432,711 (5.9%) 1.01 355
    2024-02-01 $417,875 (5.2%) $437,181 (7.5%) 1.01 364
    2024-03-01 $421,450 (6.0%) $442,171 (7.7%) 0.99 356
    2024-04-01 $426,400 (4.6%) $448,367 (6.8%) 0.99 354
    2024-05-01 $425,000 (1.9%) $446,093 (4.1%) 0.96 359
    2024-06-01 $422,900 (1.1%) $448,317 (3.7%) 0.95 393
    2024-07-01 $421,975 (3.7%) $449,159 (4.8%) 0.96 401
    2024-08-01 $415,000 (-0.7%) $448,962 (2.4%) 0.97 413
    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
    Dover's median listing price for 2024-10-01 was $408,000, a difference of $-9,450 (-2.3%) versus the prior year and $-4,450 versus the prior month.

    Dover's median listing price comes in at 96% of the national average.

    Dover's average listing price for 2024-10-01 was $443,539, a difference of $5,118 (1.2%) versus the prior year and $-3,543 versus the prior month.

    For the 2024-10-01 period, Dover had 467 MLS listings, a difference of 28 listings (6%) versus the prior month and 86 listings (23%) 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 1,889 sqft
    2018-02-01 88 days 1,884 sqft
    2018-03-01 67 days 1,914 sqft
    2018-04-01 63 days 1,908 sqft
    2018-05-01 61 days 1,998 sqft
    2018-06-01 64 days 2,001 sqft
    2018-07-01 66 days 2,011 sqft
    2018-08-01 69 days 1,987 sqft
    2018-09-01 75 days 1,958 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 1,892 sqft
    2019-02-01 102 days 1,910 sqft
    2019-03-01 85 days 1,960 sqft
    2019-04-01 65 days 2,003 sqft
    2019-05-01 59 days 1,961 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 84 days 1,936 sqft
    2020-01-01 82 days 1,917 sqft
    2020-02-01 64 days 1,903 sqft
    2020-03-01 52 days 1,911 sqft
    2020-04-01 59 days 1,947 sqft
    2020-05-01 60 days 1,960 sqft
    2020-06-01 48 days 1,970 sqft
    2020-07-01 38 days 2,018 sqft
    2020-08-01 41 days 2,029 sqft
    2020-09-01 53 days 1,960 sqft
    2020-10-01 54 days 1,962 sqft
    2020-11-01 51 days 1,980 sqft
    2020-12-01 55 days 2,023 sqft
    2021-01-01 63 days 2,002 sqft
    2021-02-01 43 days 2,037 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 2,194 sqft
    2021-09-01 29 days 2,131 sqft
    2021-10-01 36 days 2,117 sqft
    2021-11-01 45 days 2,068 sqft
    2021-12-01 53 days 2,088 sqft
    2022-01-01 60 days 2,149 sqft
    2022-02-01 49 days 2,195 sqft
    2022-03-01 31 days 2,217 sqft
    2022-04-01 35 days 2,200 sqft
    2022-05-01 31 days 2,076 sqft
    2022-06-01 38 days 2,138 sqft
    2022-07-01 37 days 2,180 sqft
    2022-08-01 36 days 2,115 sqft
    2022-09-01 50 days 2,098 sqft
    2022-10-01 52 days 2,011 sqft
    2022-11-01 43 days 1,988 sqft
    2022-12-01 57 days 2,001 sqft
    2023-01-01 63 days 2,040 sqft
    2023-02-01 50 days 1,994 sqft
    2023-03-01 50 days 2,011 sqft
    2023-04-01 40 days 2,010 sqft
    2023-05-01 32 days 2,014 sqft
    2023-06-01 38 days 2,044 sqft
    2023-07-01 43 days 2,000 sqft
    2023-08-01 50 days 2,046 sqft
    2023-09-01 45 days 2,026 sqft
    2023-10-01 49 days 2,067 sqft
    2023-11-01 51 days 2,021 sqft
    2023-12-01 58 days 2,000 sqft
    2024-01-01 68 days 2,003 sqft
    2024-02-01 64 days 2,080 sqft
    2024-03-01 51 days 2,100 sqft
    2024-04-01 44 days 2,088 sqft
    2024-05-01 41 days 2,100 sqft
    2024-06-01 44 days 2,026 sqft
    2024-07-01 50 days 2,018 sqft
    2024-08-01 49 days 1,990 sqft
    2024-09-01 45 days 1,982 sqft
    2024-10-01 44 days 1,978 sqft
    Dover's median listing age (time on market) for 2024-10-01 was 44 days. This is -11% shorter than the same period one year ago.

    Dover's median square footage for active listings during the 2024-10-01 period was 1,978 sqft. One year prior, the average listing was 2,067 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.