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 0.54% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.98% and one month ago for the week of 2025-05-16, the average rate was 6.94%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.26%.

    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%).

    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.