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 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 2024-11-29, 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 (2024-11-22) was
6.38% and
one month ago for the week of 2024-10-25, the
average rate was 6.07%.
The average rate one year ago was 6.82%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.67%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.