Duluth VA Loan Rates, Closing Costs & Stats
DULUTH, MN-WI
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 56 lenders originated 257 VA loans during 2023. The total origination value was $66,785,000, with an average VA loan value of $259,864.
Duluth VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Duluth
averaged
6.54%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Duluth's average VA mortgage closing costs are $5,113.
The average rate for the prior week (2024-11-29) was
6.64% and
one month ago for the week of 2024-11-01, the
average rate was 6.4%.
The average rate one year ago was 7.14%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.37%.
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.
The top Duluth VA lender as defined by loan originations is Mortgage Research Center, LLC, with
49 VA loans originated. Their average total fees are
$5,755, which is $342
higher than the next largest lender,
North Shore Bank of Commerce.
The lowest fee Duluth VA lenders (with over 10 loans originated) are
North Shore Bank of Commerce ($5,413), Mortgage Research Center, LLC ($5,755), QUICKEN LOANS, LLC ($8,813), USAA Federal Savings Bank ($11,594) and .
The lowest rate Duluth VA lenders (with over 10 loans originated) are
USAA Federal Savings Bank (6.10%), North Shore Bank of Commerce (6.29%), QUICKEN LOANS, LLC (6.30%), Mortgage Research Center, LLC (6.87%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Duluth (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 | $155,708 (4.2%) | $242,558 (7.1%) | 0.58 | 1,186 |
2018-02-01 | $159,900 (6.6%) | $250,565 (7.2%) | 0.58 | 1,171 |
2018-03-01 | $169,000 (5.7%) | $266,968 (11.1%) | 0.59 | 1,210 |
2018-04-01 | $179,075 (8.5%) | $273,661 (12.9%) | 0.61 | 1,241 |
2018-05-01 | $184,475 (8.6%) | $276,123 (11.0%) | 0.62 | 1,412 |
2018-06-01 | $185,000 (4.7%) | $271,178 (8.3%) | 0.62 | 1,673 |
2018-07-01 | $185,000 (5.7%) | $270,049 (5.5%) | 0.62 | 1,754 |
2018-08-01 | $185,000 (5.7%) | $264,911 (3.8%) | 0.62 | 1,756 |
2018-09-01 | $183,900 (5.5%) | $259,197 (3.1%) | 0.62 | 1,720 |
2018-10-01 | $179,950 (5.9%) | $259,623 (5.3%) | 0.61 | 1,670 |
2018-11-01 | $179,450 (12.2%) | $256,195 (6.2%) | 0.61 | 1,520 |
2018-12-01 | $174,500 (9.8%) | $252,744 (4.0%) | 0.60 | 1,317 |
2019-01-01 | $171,225 (10.0%) | $267,277 (10.2%) | 0.59 | 1,061 |
2019-02-01 | $170,450 (6.6%) | $265,269 (5.9%) | 0.58 | 1,010 |
2019-03-01 | $184,900 (9.4%) | $276,132 (3.4%) | 0.60 | 1,052 |
2019-04-01 | $207,175 (15.7%) | $287,002 (4.9%) | 0.66 | 1,118 |
2019-05-01 | $203,700 (10.4%) | $287,892 (4.3%) | 0.64 | 1,272 |
2019-06-01 | $200,000 (8.1%) | $283,401 (4.5%) | 0.63 | 1,459 |
2019-07-01 | $202,400 (9.4%) | $285,271 (5.6%) | 0.63 | 1,582 |
2019-08-01 | $197,173 (6.6%) | $280,197 (5.8%) | 0.62 | 1,610 |
2019-09-01 | $193,082 (5.0%) | $273,155 (5.4%) | 0.62 | 1,582 |
2019-10-01 | $192,855 (7.2%) | $268,141 (3.3%) | 0.62 | 1,538 |
2019-11-01 | $189,900 (5.8%) | $260,753 (1.8%) | 0.62 | 1,338 |
2019-12-01 | $187,000 (7.2%) | $261,368 (3.4%) | 0.62 | 1,112 |
2020-01-01 | $184,975 (8.0%) | $267,079 (-0.1%) | 0.62 | 917 |
2020-02-01 | $199,900 (17.3%) | $286,502 (8.0%) | 0.65 | 870 |
2020-03-01 | $218,000 (17.9%) | $304,988 (10.5%) | 0.68 | 888 |
2020-04-01 | $222,450 (7.4%) | $304,737 (6.2%) | 0.70 | 934 |
2020-05-01 | $220,000 (8.0%) | $298,922 (3.8%) | 0.67 | 1,001 |
2020-06-01 | $229,000 (14.5%) | $304,476 (7.4%) | 0.67 | 1,042 |
2020-07-01 | $229,000 (13.1%) | $310,934 (9.0%) | 0.66 | 1,025 |
2020-08-01 | $225,000 (14.1%) | $308,049 (9.9%) | 0.64 | 947 |
2020-09-01 | $222,975 (15.5%) | $306,110 (12.1%) | 0.64 | 861 |
2020-10-01 | $218,250 (13.2%) | $309,738 (15.5%) | 0.63 | 771 |
2020-11-01 | $212,300 (11.8%) | $309,310 (18.6%) | 0.62 | 665 |
2020-12-01 | $209,613 (12.1%) | $315,882 (20.9%) | 0.62 | 567 |
2021-01-01 | $199,900 (8.1%) | $328,993 (23.2%) | 0.60 | 435 |
2021-02-01 | $212,950 (6.5%) | $336,210 (17.4%) | 0.62 | 350 |
2021-03-01 | $219,225 (0.6%) | $335,536 (10.0%) | 0.62 | 348 |
2021-04-01 | $226,450 (1.8%) | $338,006 (10.9%) | 0.61 | 374 |
2021-05-01 | $218,000 (-0.9%) | $322,476 (7.9%) | 0.58 | 462 |
2021-06-01 | $211,250 (-7.8%) | $314,931 (3.4%) | 0.56 | 565 |
2021-07-01 | $209,900 (-8.3%) | $309,389 (-0.5%) | 0.55 | 592 |
2021-08-01 | $199,500 (-11.3%) | $291,347 (-5.4%) | 0.53 | 578 |
2021-09-01 | $199,225 (-10.7%) | $290,201 (-5.2%) | 0.53 | 549 |
2021-10-01 | $199,000 (-8.8%) | $271,909 (-12.2%) | 0.53 | 518 |
2021-11-01 | $198,750 (-6.4%) | $293,445 (-5.1%) | 0.53 | 416 |
2021-12-01 | $189,175 (-9.8%) | $294,682 (-6.7%) | 0.51 | 326 |
2022-01-01 | $189,900 (-5.0%) | $311,383 (-5.4%) | 0.51 | 278 |
2022-02-01 | $217,800 (2.3%) | $363,133 (8.0%) | 0.57 | 231 |
2022-03-01 | $232,975 (6.3%) | $385,653 (14.9%) | 0.58 | 223 |
2022-04-01 | $247,500 (9.3%) | $369,447 (9.3%) | 0.59 | 262 |
2022-05-01 | $254,500 (16.7%) | $377,681 (17.1%) | 0.58 | 350 |
2022-06-01 | $259,675 (22.9%) | $372,767 (18.4%) | 0.58 | 433 |
2022-07-01 | $259,900 (23.8%) | $366,039 (18.3%) | 0.59 | 528 |
2022-08-01 | $250,000 (25.3%) | $350,861 (20.4%) | 0.58 | 595 |
2022-09-01 | $252,450 (26.7%) | $351,294 (21.1%) | 0.59 | 590 |
2022-10-01 | $252,450 (26.9%) | $363,246 (33.6%) | 0.59 | 548 |
2022-11-01 | $250,000 (25.8%) | $359,012 (22.3%) | 0.60 | 495 |
2022-12-01 | $250,000 (32.2%) | $360,895 (22.5%) | 0.62 | 429 |
2023-01-01 | $259,350 (36.6%) | $364,689 (17.1%) | 0.64 | 309 |
2023-02-01 | $272,075 (24.9%) | $376,662 (3.7%) | 0.66 | 263 |
2023-03-01 | $277,000 (18.9%) | $387,118 (0.4%) | 0.65 | 258 |
2023-04-01 | $295,000 (19.2%) | $397,502 (7.6%) | 0.69 | 317 |
2023-05-01 | $312,074 (22.6%) | $415,061 (9.9%) | 0.71 | 384 |
2023-06-01 | $312,450 (20.3%) | $428,530 (15.0%) | 0.70 | 496 |
2023-07-01 | $319,450 (22.9%) | $440,725 (20.4%) | 0.73 | 586 |
2023-08-01 | $313,675 (25.5%) | $432,542 (23.3%) | 0.72 | 631 |
2023-09-01 | $305,000 (20.8%) | $426,437 (21.4%) | 0.71 | 678 |
2023-10-01 | $289,950 (14.9%) | $417,471 (14.9%) | 0.68 | 656 |
2023-11-01 | $279,450 (11.8%) | $412,034 (14.8%) | 0.67 | 586 |
2023-12-01 | $279,000 (11.6%) | $408,067 (13.1%) | 0.68 | 487 |
2024-01-01 | $248,625 (-4.1%) | $400,321 (9.8%) | 0.61 | 404 |
2024-02-01 | $265,925 (-2.3%) | $408,893 (8.6%) | 0.64 | 376 |
2024-03-01 | $297,000 (7.2%) | $416,613 (7.6%) | 0.70 | 378 |
2024-04-01 | $309,900 (5.1%) | $434,118 (9.2%) | 0.72 | 400 |
2024-05-01 | $361,225 (15.8%) | $474,049 (14.2%) | 0.82 | 487 |
2024-06-01 | $349,950 (12.0%) | $463,796 (8.2%) | 0.79 | 591 |
2024-07-01 | $335,975 (5.2%) | $444,645 (0.9%) | 0.77 | 696 |
2024-08-01 | $325,000 (3.6%) | $434,361 (0.4%) | 0.76 | 763 |
2024-09-01 | $313,125 (2.7%) | $415,426 (-2.6%) | 0.74 | 787 |
2024-10-01 | $299,900 (3.4%) | $408,888 (-2.1%) | 0.71 | 776 |
2024-11-01 | $295,000 (5.6%) | $402,160 (-2.4%) | 0.00 | 688 |
Duluth's median listing price comes in at 0% of the national average.
Duluth's average listing price for 2024-11-01 was $402,160, a difference of $-9,874 (-2.4%) versus the prior year and $-6,728 versus the prior month.
For the 2024-11-01 period, Duluth had 688 MLS listings, a difference of -88 listings (-11%) versus the prior month and 102 listings (17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Duluth (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 108 days | 1,489 sqft |
2018-02-01 | 108 days | 1,508 sqft |
2018-03-01 | 78 days | 1,544 sqft |
2018-04-01 | 70 days | 1,568 sqft |
2018-05-01 | 60 days | 1,563 sqft |
2018-06-01 | 51 days | 1,568 sqft |
2018-07-01 | 59 days | 1,564 sqft |
2018-08-01 | 66 days | 1,561 sqft |
2018-09-01 | 72 days | 1,529 sqft |
2018-10-01 | 78 days | 1,488 sqft |
2018-11-01 | 86 days | 1,490 sqft |
2018-12-01 | 104 days | 1,456 sqft |
2019-01-01 | 113 days | 1,492 sqft |
2019-02-01 | 123 days | 1,500 sqft |
2019-03-01 | 107 days | 1,506 sqft |
2019-04-01 | 78 days | 1,548 sqft |
2019-05-01 | 53 days | 1,566 sqft |
2019-06-01 | 50 days | 1,544 sqft |
2019-07-01 | 57 days | 1,555 sqft |
2019-08-01 | 64 days | 1,527 sqft |
2019-09-01 | 73 days | 1,478 sqft |
2019-10-01 | 81 days | 1,442 sqft |
2019-11-01 | 95 days | 1,438 sqft |
2019-12-01 | 115 days | 1,443 sqft |
2020-01-01 | 123 days | 1,463 sqft |
2020-02-01 | 128 days | 1,464 sqft |
2020-03-01 | 110 days | 1,476 sqft |
2020-04-01 | 81 days | 1,501 sqft |
2020-05-01 | 71 days | 1,496 sqft |
2020-06-01 | 61 days | 1,496 sqft |
2020-07-01 | 54 days | 1,537 sqft |
2020-08-01 | 57 days | 1,536 sqft |
2020-09-01 | 62 days | 1,492 sqft |
2020-10-01 | 64 days | 1,504 sqft |
2020-11-01 | 69 days | 1,451 sqft |
2020-12-01 | 78 days | 1,454 sqft |
2021-01-01 | 94 days | 1,421 sqft |
2021-02-01 | 105 days | 1,436 sqft |
2021-03-01 | 72 days | 1,445 sqft |
2021-04-01 | 42 days | 1,515 sqft |
2021-05-01 | 35 days | 1,512 sqft |
2021-06-01 | 31 days | 1,501 sqft |
2021-07-01 | 39 days | 1,499 sqft |
2021-08-01 | 51 days | 1,425 sqft |
2021-09-01 | 52 days | 1,445 sqft |
2021-10-01 | 51 days | 1,446 sqft |
2021-11-01 | 57 days | 1,470 sqft |
2021-12-01 | 69 days | 1,446 sqft |
2022-01-01 | 79 days | 1,405 sqft |
2022-02-01 | 70 days | 1,607 sqft |
2022-03-01 | 53 days | 1,668 sqft |
2022-04-01 | 30 days | 1,638 sqft |
2022-05-01 | 26 days | 1,589 sqft |
2022-06-01 | 32 days | 1,620 sqft |
2022-07-01 | 34 days | 1,615 sqft |
2022-08-01 | 39 days | 1,567 sqft |
2022-09-01 | 48 days | 1,580 sqft |
2022-10-01 | 53 days | 1,600 sqft |
2022-11-01 | 59 days | 1,557 sqft |
2022-12-01 | 77 days | 1,545 sqft |
2023-01-01 | 97 days | 1,515 sqft |
2023-02-01 | 100 days | 1,592 sqft |
2023-03-01 | 80 days | 1,564 sqft |
2023-04-01 | 39 days | 1,558 sqft |
2023-05-01 | 37 days | 1,625 sqft |
2023-06-01 | 32 days | 1,669 sqft |
2023-07-01 | 34 days | 1,657 sqft |
2023-08-01 | 44 days | 1,667 sqft |
2023-09-01 | 45 days | 1,700 sqft |
2023-10-01 | 52 days | 1,649 sqft |
2023-11-01 | 62 days | 1,608 sqft |
2023-12-01 | 66 days | 1,588 sqft |
2024-01-01 | 81 days | 1,594 sqft |
2024-02-01 | 83 days | 1,588 sqft |
2024-03-01 | 47 days | 1,590 sqft |
2024-04-01 | 45 days | 1,619 sqft |
2024-05-01 | 38 days | 1,700 sqft |
2024-06-01 | 38 days | 1,704 sqft |
2024-07-01 | 39 days | 1,738 sqft |
2024-08-01 | 43 days | 1,728 sqft |
2024-09-01 | 48 days | 1,685 sqft |
2024-10-01 | 54 days | 1,681 sqft |
2024-11-01 | 0 days | 1,680 sqft |
Duluth's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,608 sqft.