Dubuque VA Loan Rates, Closing Costs & Stats

DUBUQUE, IA

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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.

    Dubuque's 25 lenders originated 53 VA loans during 2023. The total origination value was $13,625,000, with an average VA loan value of $257,075.

    Dubuque VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dubuque averaged 6.75% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Dubuque's average VA mortgage closing costs are $4,991.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.35%.

    The average rate one year ago was 5.84%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Dubuque 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 Dubuque level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.87% $3,941
    MOVEMENT MORTGAGE, LLC 5 6.35% $4,642
    GREENSTATE CREDIT UNION 4 6.16% $4,880
    UNITED WHOLESALE MORTGAGE, LLC 3 7.00% $9,354
    BROKER SOLUTIONS, INC. 3 7.33% $3,662
    QUICKEN LOANS, LLC 3 6.58% $16,171
    FREEDOM MORTGAGE CORPORATION 2 5.75% $11,401
    NAVY FEDERAL CREDIT UNION 2 5.81% $7,817
    NEW DAY FINANCIAL, LLC 2 7.37% $17,982
    PLAZA HOME MORTGAGE, INC. 1 6.00% $14,554
    PREMIA MORTGAGE, LLC 1 7.53% $3,019
    RESIDENTIAL MORTGAGE NETWORK, INC. 1 6.25% $2,188
    RUHL MORTGAGE, LLC 1 6.75% $8,362
    The Federal Savings Bank 1 5.25% $13,371
    USAA Federal Savings Bank 1 6.00% $11,136
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $26,380
    U.S. Bank 1 6.25% $5,059
    Barrington Bank & Trust Company, N.A. 1 5.75% $6,420
    Flagstar Bank, FSB 1 6.75% $9,262
    F&M Bank 1 5.75% $26,075
    IOWA BANKERS MORTGAGE CORPORATION 1 6.50% $10,289
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $5,140
    NEWREZ LLC 1 6.75% $8,362
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $3,472
    PLANET HOME LENDING, LLC 1 6.50% $6,928

    The top Dubuque VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $3,941, which is $700 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Dubuque VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,941), .

    The lowest rate Dubuque VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.87%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dubuque (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 $244,700 (22.4%) $263,530 (9.2%) 0.00 208
    2018-02-01 $248,975 (14.7%) $267,697 (6.8%) 0.00 204
    2018-03-01 $269,900 (22.6%) $279,528 (11.2%) 0.00 195
    2018-04-01 $263,650 (19.9%) $278,145 (7.5%) 0.00 209
    2018-05-01 $251,425 (9.4%) $294,135 (12.6%) 0.00 227
    2018-06-01 $264,500 (13.8%) $301,637 (13.4%) 0.00 235
    2018-07-01 $272,125 (23.8%) $308,515 (18.4%) 0.00 243
    2018-08-01 $269,450 (14.8%) $313,476 (17.9%) 0.00 259
    2018-09-01 $257,000 (7.1%) $304,131 (17.0%) 0.00 271
    2018-10-01 $239,450 (0.8%) $293,142 (14.5%) 0.00 276
    2018-11-01 $232,225 (-1.2%) $299,345 (16.3%) 0.00 248
    2018-12-01 $244,900 (4.2%) $301,365 (15.5%) 0.00 202
    2019-01-01 $242,675 (-0.8%) $301,811 (14.5%) 0.00 179
    2019-02-01 $260,250 (4.5%) $311,719 (16.4%) 0.00 174
    2019-03-01 $261,100 (-3.3%) $316,739 (13.3%) 0.00 171
    2019-04-01 $256,700 (-2.6%) $315,914 (13.6%) 0.00 176
    2019-05-01 $279,900 (11.3%) $323,560 (10.0%) 0.00 196
    2019-06-01 $299,900 (13.4%) $332,727 (10.3%) 0.00 215
    2019-07-01 $296,250 (8.9%) $336,596 (9.1%) 0.00 229
    2019-08-01 $279,027 (3.6%) $317,022 (1.1%) 0.00 239
    2019-09-01 $262,643 (2.2%) $300,611 (-1.2%) 0.00 240
    2019-10-01 $256,720 (7.2%) $292,573 (-0.2%) 0.00 240
    2019-11-01 $260,000 (12.0%) $315,898 (5.5%) 0.00 211
    2019-12-01 $259,925 (6.1%) $308,345 (2.3%) 0.00 198
    2020-01-01 $262,425 (8.1%) $320,024 (6.0%) 0.00 173
    2020-02-01 $274,900 (5.6%) $322,711 (3.5%) 0.00 169
    2020-03-01 $278,675 (6.7%) $328,664 (3.8%) 0.00 181
    2020-04-01 $297,175 (15.8%) $338,603 (7.2%) 0.00 168
    2020-05-01 $310,950 (11.1%) $339,209 (4.8%) 0.00 162
    2020-06-01 $319,900 (6.7%) $357,498 (7.4%) 0.00 153
    2020-07-01 $303,000 (2.3%) $347,671 (3.3%) 0.00 137
    2020-08-01 $289,000 (3.6%) $336,056 (6.0%) 0.00 143
    2020-09-01 $285,325 (8.6%) $341,891 (13.7%) 0.00 133
    2020-10-01 $274,900 (7.1%) $330,321 (12.9%) 0.00 126
    2020-11-01 $295,450 (13.6%) $346,282 (9.6%) 0.00 112
    2020-12-01 $307,475 (18.3%) $358,003 (16.1%) 0.00 99
    2021-01-01 $298,000 (13.6%) $362,876 (13.4%) 0.00 92
    2021-02-01 $346,000 (25.9%) $408,050 (26.4%) 0.00 71
    2021-03-01 $319,675 (14.7%) $389,238 (18.4%) 0.00 73
    2021-04-01 $389,225 (31.0%) $435,705 (28.7%) 0.00 74
    2021-05-01 $350,000 (12.6%) $414,188 (22.1%) 0.00 85
    2021-06-01 $287,500 (-10.1%) $366,558 (2.5%) 0.00 92
    2021-07-01 $258,500 (-14.7%) $339,264 (-2.4%) 0.00 102
    2021-08-01 $270,500 (-6.4%) $345,280 (2.7%) 0.00 101
    2021-09-01 $265,500 (-7.0%) $331,217 (-3.1%) 0.00 115
    2021-10-01 $279,900 (1.8%) $345,289 (4.5%) 0.00 120
    2021-11-01 $286,575 (-3.0%) $346,461 (0.1%) 0.00 110
    2021-12-01 $318,000 (3.4%) $357,517 (-0.1%) 0.00 81
    2022-01-01 $366,875 (23.1%) $359,135 (-1.0%) 0.00 57
    2022-02-01 $383,363 (10.8%) $363,792 (-10.9%) 0.00 65
    2022-03-01 $341,372 (6.8%) $353,831 (-9.1%) 0.00 75
    2022-04-01 $378,900 (-2.7%) $363,905 (-16.5%) 0.00 83
    2022-05-01 $384,900 (10.0%) $381,303 (-7.9%) 0.00 97
    2022-06-01 $355,875 (23.8%) $360,810 (-1.6%) 0.00 115
    2022-07-01 $349,900 (35.4%) $353,130 (4.1%) 0.00 125
    2022-08-01 $311,888 (15.3%) $352,379 (2.1%) 0.00 123
    2022-09-01 $299,200 (12.7%) $343,251 (3.6%) 0.00 133
    2022-10-01 $297,000 (6.1%) $334,647 (-3.1%) 0.00 142
    2022-11-01 $315,799 (10.2%) $346,984 (0.2%) 0.00 151
    2022-12-01 $329,900 (3.7%) $365,840 (2.3%) 0.00 121
    2023-01-01 $369,900 (0.8%) $386,082 (7.5%) 0.00 95
    2023-02-01 $386,850 (0.9%) $413,016 (13.5%) 0.00 91
    2023-03-01 $366,225 (7.3%) $402,045 (13.6%) 0.00 94
    2023-04-01 $375,000 (-1.0%) $399,828 (9.9%) 0.00 100
    2023-05-01 $404,100 (5.0%) $436,823 (14.6%) 0.00 99
    2023-06-01 $388,725 (9.2%) $432,653 (19.9%) 0.00 104
    2023-07-01 $374,900 (7.1%) $420,806 (19.2%) 0.00 94
    2023-08-01 $347,874 (11.5%) $402,991 (14.4%) 0.00 102
    2023-09-01 $305,000 (1.9%) $348,468 (1.5%) 0.00 134
    2023-10-01 $310,750 (4.6%) $354,569 (6.0%) 0.00 139
    2023-11-01 $313,500 (-0.7%) $350,762 (1.1%) 0.00 129
    2023-12-01 $304,500 (-7.7%) $345,059 (-5.7%) 0.00 124
    2024-01-01 $295,500 (-20.1%) $339,920 (-12.0%) 0.00 114
    2024-02-01 $262,500 (-32.1%) $336,185 (-18.6%) 0.00 116
    2024-03-01 $308,750 (-15.7%) $346,666 (-13.8%) 0.00 125
    Dubuque's median listing price for 2024-03-01 was $308,750, a difference of $-57,475 (-15.7%) versus the prior year and $46,250 versus the prior month.

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

    Dubuque's average listing price for 2024-03-01 was $346,666, a difference of $-55,379 (-13.8%) versus the prior year and $10,481 versus the prior month.

    For the 2024-03-01 period, Dubuque had 125 MLS listings, a difference of 9 listings (8%) versus the prior month and 31 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dubuque (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,007 sqft
    2018-02-01 0 days 2,038 sqft
    2018-03-01 0 days 2,087 sqft
    2018-04-01 0 days 2,251 sqft
    2018-05-01 0 days 2,205 sqft
    2018-06-01 0 days 2,198 sqft
    2018-07-01 0 days 2,250 sqft
    2018-08-01 0 days 2,331 sqft
    2018-09-01 0 days 2,264 sqft
    2018-10-01 0 days 2,149 sqft
    2018-11-01 0 days 2,072 sqft
    2018-12-01 0 days 2,022 sqft
    2019-01-01 0 days 1,981 sqft
    2019-02-01 0 days 2,008 sqft
    2019-03-01 0 days 2,092 sqft
    2019-04-01 0 days 2,146 sqft
    2019-05-01 0 days 2,188 sqft
    2019-06-01 0 days 2,306 sqft
    2019-07-01 0 days 2,245 sqft
    2019-08-01 0 days 2,182 sqft
    2019-09-01 0 days 2,111 sqft
    2019-10-01 0 days 2,074 sqft
    2019-11-01 0 days 2,199 sqft
    2019-12-01 0 days 2,072 sqft
    2020-01-01 0 days 1,941 sqft
    2020-02-01 0 days 1,995 sqft
    2020-03-01 0 days 2,182 sqft
    2020-04-01 0 days 2,201 sqft
    2020-05-01 0 days 2,221 sqft
    2020-06-01 0 days 2,300 sqft
    2020-07-01 0 days 2,324 sqft
    2020-08-01 0 days 2,214 sqft
    2020-09-01 0 days 2,227 sqft
    2020-10-01 0 days 2,200 sqft
    2020-11-01 0 days 2,188 sqft
    2020-12-01 0 days 2,146 sqft
    2021-01-01 0 days 2,061 sqft
    2021-02-01 0 days 2,280 sqft
    2021-03-01 0 days 2,261 sqft
    2021-04-01 0 days 2,838 sqft
    2021-05-01 0 days 2,256 sqft
    2021-06-01 0 days 2,032 sqft
    2021-07-01 0 days 1,999 sqft
    2021-08-01 0 days 1,976 sqft
    2021-09-01 0 days 1,856 sqft
    2021-10-01 0 days 1,989 sqft
    2021-11-01 0 days 2,135 sqft
    2021-12-01 0 days 1,991 sqft
    2022-01-01 0 days 1,988 sqft
    2022-02-01 0 days 1,949 sqft
    2022-03-01 0 days 1,884 sqft
    2022-04-01 0 days 1,968 sqft
    2022-05-01 0 days 1,939 sqft
    2022-06-01 0 days 1,989 sqft
    2022-07-01 0 days 1,923 sqft
    2022-08-01 0 days 1,926 sqft
    2022-09-01 0 days 2,089 sqft
    2022-10-01 0 days 2,054 sqft
    2022-11-01 0 days 2,111 sqft
    2022-12-01 0 days 2,010 sqft
    2023-01-01 0 days 2,115 sqft
    2023-02-01 0 days 2,273 sqft
    2023-03-01 0 days 2,202 sqft
    2023-04-01 0 days 2,313 sqft
    2023-05-01 0 days 2,603 sqft
    2023-06-01 0 days 2,448 sqft
    2023-07-01 0 days 2,271 sqft
    2023-08-01 0 days 2,044 sqft
    2023-09-01 0 days 1,975 sqft
    2023-10-01 0 days 1,968 sqft
    2023-11-01 0 days 1,916 sqft
    2023-12-01 0 days 1,841 sqft
    2024-01-01 0 days 1,890 sqft
    2024-02-01 0 days 1,803 sqft
    2024-03-01 0 days 1,773 sqft
    Dubuque's median listing age (time on market) for 2024-03-01 was 0 days.

    Dubuque's median square footage for active listings during the 2024-03-01 period was 1,773 sqft. One year prior, the average listing was 2,202 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.