Duluth VA Loan Rates, Closing Costs & Stats

DULUTH, MN-WI

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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.

    Duluth's 50 lenders originated 320 VA loans during 2024. The total origination value was $90,330,000, with an average VA loan value of $282,281.

    Duluth VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Duluth averaged 6.8% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Duluth's average VA mortgage closing costs are $5,295.

    The average rate for the prior week (2025-03-28) was 6.52% and one month ago for the week of 2025-02-28, the average rate was 6.59%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.32%.

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

    Duluth 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 Duluth level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 87 6.44% $5,730
    UNITED WHOLESALE MORTGAGE, LLC 27 6.04% $10,170
    QUICKEN LOANS, LLC 19 6.15% $8,422
    North Shore Bank of Commerce 17 6.15% $8,094
    NEWREZ LLC 13 6.15% $5,111
    FREEDOM MORTGAGE CORPORATION 12 6.44% $9,323
    NAVY FEDERAL CREDIT UNION 9 6.03% $5,622
    Regent Financial Group, Inc. 8 6.55% $6,695
    PENNYMAC LOAN SERVICES, LLC 8 5.84% $6,611
    GUILD MORTGAGE COMPANY 7 6.41% $7,556
    USAA Federal Savings Bank 7 6.36% $7,818
    NEW DAY FINANCIAL, LLC 6 7.76% $13,872
    Servion, Inc. 5 6.48% $5,225
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.88% $4,477
    EVERETT FINANCIAL, INC. 5 6.43% $7,463
    BROKER SOLUTIONS, INC. 5 6.75% $5,819
    U.S. Bank 5 6.43% $4,399
    VILLAGE CAPITAL MORTGAGE 5 5.65% $3,285
    GUARANTEED RATE AFFINITY, LLC 4 6.56% $3,791
    The Federal Savings Bank 4 6.38% $16,493
    LAKEVIEW LOAN SERVICING, LLC 4 5.87% $6,736
    PLANET HOME LENDING, LLC 3 6.54% $3,625
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.08% $10,825
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $7,099
    Magnolia Bank 2 5.13% $20,350
    LOANDEPOT.COM, LLC 2 6.12% $6,069
    Presidential Bank, FSB 2 7.00% $10,708
    Flagstar Bank, FSB 2 6.50% $4,909
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 7.06% $2,309
    SUN WEST MORTGAGE COMPANY, INC. 2 7.13% $5,531
    CARDINAL FINANCIAL 2 7.00% $12,583
    Bell Bank 2 5.44% $950
    BAY EQUITY LLC 2 6.69% $8,632
    The Huntington National Bank 1 6.75% $2,505
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $8,681
    Prosperity Home Mortgage, LLC 1 5.99% $15,480
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 5.75% $5,146
    UNION HOME MORTGAGE CORP. 1 7.75% $9,124
    First Bank & Trust 1 5.50% $6,567
    South State Bank 1 6.00% $5,834
    Summit Mortgage Corporation 1 7.00% $7,214
    NBH Bank 1 5.75% $4,323
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $8,978
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $3,742
    Johnson Bank 1 6.63% $3,474
    Park State Bank 1 6.50% $4,310
    Granite Community Bank 1 6.75% $4,685
    PENTAGON FEDERAL CREDIT UNION 1 5.13% $7,881
    AFFINITY PLUS 1 7.38% $2,349
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $6,357

    The top Duluth VA lender as defined by loan originations is Mortgage Research Center, LLC, with 87 VA loans originated. Their average total fees are $5,730, which is $4,440 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Duluth VA lenders (with over 10 loans originated) are NEWREZ LLC ($5,111), Mortgage Research Center, LLC ($5,730), North Shore Bank of Commerce ($8,094), QUICKEN LOANS, LLC ($8,422) and FREEDOM MORTGAGE CORPORATION ($9,323).

    The lowest rate Duluth VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.04%), QUICKEN LOANS, LLC (6.15%), NEWREZ LLC (6.15%), North Shore Bank of Commerce (6.15%) and Mortgage Research Center, LLC (6.44%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Duluth (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 $158,900 (6.0%) $240,077 (4.0%) 0.59 1,071
    2018-02-01 $163,450 (7.2%) $248,077 (5.4%) 0.59 1,057
    2018-03-01 $174,900 (7.3%) $264,682 (9.2%) 0.61 1,096
    2018-04-01 $184,950 (9.4%) $271,633 (12.0%) 0.63 1,129
    2018-05-01 $185,000 (4.9%) $274,509 (10.0%) 0.62 1,297
    2018-06-01 $189,000 (5.1%) $269,040 (7.3%) 0.63 1,541
    2018-07-01 $189,000 (5.6%) $267,995 (5.0%) 0.63 1,613
    2018-08-01 $187,500 (7.1%) $263,574 (3.6%) 0.63 1,627
    2018-09-01 $184,900 (5.7%) $258,384 (3.7%) 0.62 1,593
    2018-10-01 $183,000 (7.7%) $259,416 (6.1%) 0.62 1,544
    2018-11-01 $181,250 (13.3%) $256,711 (7.6%) 0.61 1,396
    2018-12-01 $174,900 (9.4%) $252,564 (4.9%) 0.60 1,204
    2019-01-01 $174,100 (9.6%) $265,366 (10.5%) 0.60 979
    2019-02-01 $171,250 (4.8%) $264,272 (6.5%) 0.58 930
    2019-03-01 $189,243 (8.2%) $275,618 (4.1%) 0.62 966
    2019-04-01 $216,200 (16.9%) $287,531 (5.9%) 0.69 1,027
    2019-05-01 $215,000 (16.2%) $289,796 (5.6%) 0.67 1,180
    2019-06-01 $210,250 (11.2%) $284,125 (5.6%) 0.66 1,352
    2019-07-01 $212,000 (12.2%) $285,033 (6.4%) 0.66 1,455
    2019-08-01 $205,155 (9.4%) $279,460 (6.0%) 0.65 1,483
    2019-09-01 $199,386 (7.8%) $272,514 (5.5%) 0.64 1,456
    2019-10-01 $198,041 (8.2%) $267,591 (3.2%) 0.64 1,412
    2019-11-01 $194,950 (7.6%) $263,914 (2.8%) 0.64 1,214
    2019-12-01 $189,900 (8.6%) $264,302 (4.7%) 0.63 997
    2020-01-01 $189,200 (8.7%) $268,590 (1.2%) 0.63 820
    2020-02-01 $204,950 (19.7%) $290,538 (9.9%) 0.67 783
    2020-03-01 $229,250 (21.1%) $311,991 (13.2%) 0.72 803
    2020-04-01 $229,925 (6.4%) $312,086 (8.5%) 0.72 849
    2020-05-01 $229,900 (6.9%) $306,689 (5.8%) 0.70 911
    2020-06-01 $235,450 (12.0%) $312,977 (10.2%) 0.69 945
    2020-07-01 $232,500 (9.7%) $320,270 (12.4%) 0.67 918
    2020-08-01 $230,000 (12.1%) $317,309 (13.5%) 0.66 854
    2020-09-01 $229,425 (15.1%) $313,682 (15.1%) 0.66 778
    2020-10-01 $224,900 (13.6%) $318,185 (18.9%) 0.64 705
    2020-11-01 $217,950 (11.8%) $319,159 (20.9%) 0.64 615
    2020-12-01 $219,700 (15.7%) $326,454 (23.5%) 0.65 521
    2021-01-01 $219,000 (15.8%) $344,481 (28.3%) 0.65 393
    2021-02-01 $224,250 (9.4%) $355,469 (22.4%) 0.65 313
    2021-03-01 $224,725 (-2.0%) $351,535 (12.7%) 0.64 307
    2021-04-01 $235,000 (2.2%) $353,067 (13.1%) 0.64 335
    2021-05-01 $222,500 (-3.2%) $332,337 (8.4%) 0.59 417
    2021-06-01 $215,000 (-8.7%) $321,941 (2.9%) 0.57 522
    2021-07-01 $215,000 (-7.5%) $313,902 (-2.0%) 0.57 544
    2021-08-01 $203,325 (-11.6%) $296,802 (-6.5%) 0.54 531
    2021-09-01 $202,450 (-11.8%) $297,466 (-5.2%) 0.54 504
    2021-10-01 $199,500 (-11.3%) $274,169 (-13.8%) 0.53 475
    2021-11-01 $202,000 (-7.3%) $299,332 (-6.2%) 0.54 380
    2021-12-01 $192,425 (-12.4%) $301,330 (-7.7%) 0.52 295
    2022-01-01 $194,900 (-11.0%) $318,032 (-7.7%) 0.53 255
    2022-02-01 $220,975 (-1.5%) $372,197 (4.7%) 0.57 210
    2022-03-01 $242,600 (8.0%) $400,017 (13.8%) 0.61 204
    2022-04-01 $257,450 (9.6%) $382,671 (8.4%) 0.61 242
    2022-05-01 $262,425 (17.9%) $388,064 (16.8%) 0.60 324
    2022-06-01 $262,450 (22.1%) $372,542 (15.7%) 0.58 401
    2022-07-01 $262,500 (22.1%) $368,254 (17.3%) 0.59 490
    2022-08-01 $252,450 (24.2%) $351,543 (18.4%) 0.58 549
    2022-09-01 $256,250 (26.6%) $354,072 (19.0%) 0.60 539
    2022-10-01 $255,000 (27.8%) $367,661 (34.1%) 0.60 499
    2022-11-01 $252,500 (25.0%) $361,438 (20.8%) 0.61 447
    2022-12-01 $259,000 (34.6%) $369,733 (22.7%) 0.64 388
    2023-01-01 $263,725 (35.3%) $372,323 (17.1%) 0.65 281
    2023-02-01 $277,000 (25.4%) $386,005 (3.7%) 0.67 236
    2023-03-01 $280,450 (15.6%) $395,710 (-1.1%) 0.66 232
    2023-04-01 $289,000 (12.3%) $391,690 (2.4%) 0.67 264
    2023-05-01 $299,950 (14.3%) $406,894 (4.9%) 0.68 330
    2023-06-01 $307,100 (17.0%) $419,159 (12.5%) 0.69 430
    2023-07-01 $314,900 (20.0%) $433,781 (17.8%) 0.72 509
    2023-08-01 $305,000 (20.8%) $424,537 (20.8%) 0.70 547
    2023-09-01 $299,900 (17.0%) $417,521 (17.9%) 0.70 607
    2023-10-01 $278,450 (9.2%) $406,526 (10.6%) 0.66 586
    2023-11-01 $278,000 (10.1%) $406,364 (12.4%) 0.66 539
    2023-12-01 $275,000 (6.2%) $404,708 (9.5%) 0.67 444
    2024-01-01 $249,000 (-5.6%) $400,071 (7.5%) 0.61 361
    2024-02-01 $264,450 (-4.5%) $416,308 (7.9%) 0.64 331
    2024-03-01 $304,950 (8.7%) $427,069 (7.9%) 0.72 336
    2024-04-01 $333,000 (15.2%) $450,800 (15.1%) 0.77 349
    2024-05-01 $369,537 (23.2%) $483,269 (18.8%) 0.84 428
    2024-06-01 $350,000 (14.0%) $458,792 (9.5%) 0.80 523
    2024-07-01 $344,675 (9.5%) $449,727 (3.7%) 0.79 616
    2024-08-01 $329,000 (7.9%) $433,959 (2.2%) 0.77 691
    2024-09-01 $320,000 (6.7%) $415,563 (-0.5%) 0.75 714
    2024-10-01 $300,000 (7.7%) $409,514 (0.7%) 0.71 704
    2024-11-01 $299,000 (7.6%) $401,406 (-1.2%) 0.72 625
    2024-12-01 $287,400 (4.5%) $394,016 (-2.6%) 0.71 506
    2025-01-01 $277,475 (11.4%) $387,811 (-3.1%) 0.69 427
    2025-02-01 $277,500 (4.9%) $400,151 (-3.9%) 0.67 403
    2025-03-01 $299,900 (-1.7%) $434,408 (1.7%) 0.00 379
    Duluth's median listing price for 2025-03-01 was $299,900, a difference of $-5,050 (-1.7%) versus the prior year and $22,400 versus the prior month.

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

    Duluth's average listing price for 2025-03-01 was $434,408, a difference of $7,339 (1.7%) versus the prior year and $34,257 versus the prior month.

    For the 2025-03-01 period, Duluth had 379 MLS listings, a difference of -24 listings (-6%) versus the prior month and 43 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Duluth (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 106 days 1,504 sqft
    2018-02-01 107 days 1,528 sqft
    2018-03-01 77 days 1,568 sqft
    2018-04-01 68 days 1,580 sqft
    2018-05-01 58 days 1,571 sqft
    2018-06-01 50 days 1,576 sqft
    2018-07-01 59 days 1,575 sqft
    2018-08-01 66 days 1,577 sqft
    2018-09-01 71 days 1,544 sqft
    2018-10-01 75 days 1,497 sqft
    2018-11-01 86 days 1,500 sqft
    2018-12-01 102 days 1,463 sqft
    2019-01-01 113 days 1,484 sqft
    2019-02-01 126 days 1,500 sqft
    2019-03-01 108 days 1,515 sqft
    2019-04-01 78 days 1,558 sqft
    2019-05-01 52 days 1,584 sqft
    2019-06-01 50 days 1,568 sqft
    2019-07-01 56 days 1,578 sqft
    2019-08-01 63 days 1,547 sqft
    2019-09-01 71 days 1,489 sqft
    2019-10-01 79 days 1,451 sqft
    2019-11-01 94 days 1,444 sqft
    2019-12-01 116 days 1,454 sqft
    2020-01-01 126 days 1,472 sqft
    2020-02-01 130 days 1,477 sqft
    2020-03-01 108 days 1,499 sqft
    2020-04-01 75 days 1,524 sqft
    2020-05-01 68 days 1,536 sqft
    2020-06-01 61 days 1,527 sqft
    2020-07-01 53 days 1,580 sqft
    2020-08-01 54 days 1,568 sqft
    2020-09-01 58 days 1,533 sqft
    2020-10-01 62 days 1,536 sqft
    2020-11-01 67 days 1,476 sqft
    2020-12-01 77 days 1,467 sqft
    2021-01-01 93 days 1,448 sqft
    2021-02-01 105 days 1,464 sqft
    2021-03-01 66 days 1,471 sqft
    2021-04-01 42 days 1,566 sqft
    2021-05-01 33 days 1,568 sqft
    2021-06-01 30 days 1,530 sqft
    2021-07-01 38 days 1,529 sqft
    2021-08-01 49 days 1,445 sqft
    2021-09-01 51 days 1,459 sqft
    2021-10-01 51 days 1,478 sqft
    2021-11-01 57 days 1,503 sqft
    2021-12-01 68 days 1,462 sqft
    2022-01-01 79 days 1,408 sqft
    2022-02-01 67 days 1,630 sqft
    2022-03-01 50 days 1,725 sqft
    2022-04-01 28 days 1,700 sqft
    2022-05-01 26 days 1,612 sqft
    2022-06-01 31 days 1,649 sqft
    2022-07-01 34 days 1,624 sqft
    2022-08-01 39 days 1,575 sqft
    2022-09-01 49 days 1,598 sqft
    2022-10-01 53 days 1,613 sqft
    2022-11-01 57 days 1,582 sqft
    2022-12-01 76 days 1,575 sqft
    2023-01-01 97 days 1,518 sqft
    2023-02-01 99 days 1,596 sqft
    2023-03-01 80 days 1,566 sqft
    2023-04-01 44 days 1,560 sqft
    2023-05-01 31 days 1,624 sqft
    2023-06-01 31 days 1,672 sqft
    2023-07-01 33 days 1,670 sqft
    2023-08-01 41 days 1,684 sqft
    2023-09-01 41 days 1,733 sqft
    2023-10-01 49 days 1,660 sqft
    2023-11-01 58 days 1,608 sqft
    2023-12-01 65 days 1,575 sqft
    2024-01-01 81 days 1,598 sqft
    2024-02-01 79 days 1,602 sqft
    2024-03-01 46 days 1,610 sqft
    2024-04-01 45 days 1,670 sqft
    2024-05-01 40 days 1,753 sqft
    2024-06-01 38 days 1,776 sqft
    2024-07-01 39 days 1,782 sqft
    2024-08-01 43 days 1,730 sqft
    2024-09-01 47 days 1,682 sqft
    2024-10-01 52 days 1,680 sqft
    2024-11-01 59 days 1,678 sqft
    2024-12-01 77 days 1,601 sqft
    2025-01-01 87 days 1,575 sqft
    2025-02-01 87 days 1,591 sqft
    2025-03-01 0 days 1,624 sqft
    Duluth'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.

    Duluth's median square footage for active listings during the 2025-03-01 period was 1,624 sqft. One year prior, the average listing was 1,610 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.