Easton VA Loan Rates, Closing Costs & Stats

Easton, MD

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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.

    Easton's 19 lenders originated 28 VA loans during 2023. The total origination value was $11,380,000, with an average VA loan value of $406,429.

    Easton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Easton averaged 6.81% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Easton's average VA mortgage closing costs are $7,247.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.71%.

    The average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Easton 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 Easton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUARANTEED RATE, INC. 4 5.68% $10,779
    LOANDEPOT.COM, LLC 2 5.81% $2,800
    CONTOUR MORTGAGE CORPORATION 1 5.75% $16,974
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $9,715
    First Heritage Mortgage, LLC 1 5.25% $4,162
    FIRST HOME MORTGAGE CORPORATION 1 6.13% $15,886
    FREEDOM MORTGAGE CORPORATION 1 6.25% $20,219
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $7,518
    NAVY FEDERAL CREDIT UNION 1 5.63% $3,030
    NEW DAY FINANCIAL, LLC 1 7.38% $13,853
    NFM, INC. 1 6.75% $5,722
    PENNYMAC LOAN SERVICES, LLC 1 5.13% $6,484
    Prosperity Home Mortgage, LLC 1 5.00% $20,660
    QUICKEN LOANS, LLC 1 6.63% $7,772
    SOUTHERN TRUST MORTGAGE, LLC 1 6.13% $28,381
    The Federal Savings Bank 1 7.25% $8,247
    CARDINAL FINANCIAL 1 6.25% $23,600
    UNITED WHOLESALE MORTGAGE, LLC 1 5.50% $33,410
    CMG MORTGAGE, INC. 1 6.50% $8,730

    The top Easton VA lender as defined by loan originations is GUARANTEED RATE, INC., with 4 VA loans originated. Their average total fees are $10,779, which is $7,979 higher than the next largest lender, LOANDEPOT.COM, LLC.

    The lowest fee Easton VA lenders (with over 10 loans originated) are .

    The lowest rate Easton VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Easton (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 $482,220 (7.7%) $789,299 (-8.1%) 0.00 347
    2018-02-01 $476,498 (5.0%) $791,084 (-7.2%) 0.00 324
    2018-03-01 $519,999 (14.4%) $845,991 (2.0%) 0.00 347
    2018-04-01 $529,495 (11.6%) $906,649 (8.4%) 0.00 396
    2018-05-01 $529,000 (9.5%) $908,130 (8.0%) 0.00 408
    2018-06-01 $549,000 (13.6%) $926,347 (11.4%) 0.00 405
    2018-07-01 $529,968 (6.0%) $917,006 (11.3%) 0.00 388
    2018-08-01 $544,000 (4.1%) $897,142 (4.5%) 0.00 400
    2018-09-01 $549,000 (4.6%) $882,480 (2.6%) 0.00 413
    2018-10-01 $552,175 (11.4%) $906,960 (6.2%) 0.00 406
    2018-11-01 $579,975 (18.4%) $977,598 (18.2%) 0.00 395
    2018-12-01 $595,000 (25.3%) $993,196 (25.6%) 0.00 363
    2019-01-01 $596,000 (23.6%) $1,037,387 (31.4%) 0.00 304
    2019-02-01 $595,000 (24.9%) $1,052,679 (33.1%) 0.00 318
    2019-03-01 $575,286 (10.6%) $1,009,342 (19.3%) 0.00 342
    2019-04-01 $549,225 (3.7%) $948,905 (4.7%) 0.00 375
    2019-05-01 $544,225 (2.9%) $952,602 (4.9%) 0.00 406
    2019-06-01 $539,000 (-1.8%) $994,135 (7.3%) 0.00 414
    2019-07-01 $549,974 (3.8%) $1,074,918 (17.2%) 0.00 407
    2019-08-01 $550,000 (1.1%) $1,075,767 (19.9%) 0.00 405
    2019-09-01 $550,000 (0.2%) $1,070,549 (21.3%) 0.00 406
    2019-10-01 $549,500 (-0.5%) $1,058,265 (16.7%) 0.00 401
    2019-11-01 $535,000 (-7.8%) $1,022,740 (4.6%) 0.00 386
    2019-12-01 $532,000 (-10.6%) $1,001,058 (0.8%) 0.00 337
    2020-01-01 $512,625 (-14.0%) $980,793 (-5.5%) 0.00 296
    2020-02-01 $498,000 (-16.3%) $994,178 (-5.6%) 0.00 283
    2020-03-01 $543,500 (-5.5%) $1,030,828 (2.1%) 0.00 306
    2020-04-01 $548,000 (-0.2%) $1,053,716 (11.1%) 0.00 305
    2020-05-01 $549,000 (0.9%) $1,088,594 (14.3%) 0.00 306
    2020-06-01 $549,000 (1.9%) $1,150,900 (15.8%) 0.00 268
    2020-07-01 $549,575 (-0.1%) $1,153,418 (7.3%) 0.00 241
    2020-08-01 $549,900 (0.0%) $1,175,367 (9.3%) 0.00 229
    2020-09-01 $547,250 (-0.5%) $1,227,043 (14.6%) 0.00 209
    2020-10-01 $560,000 (1.9%) $1,226,256 (15.9%) 0.00 204
    2020-11-01 $563,975 (5.4%) $1,396,934 (36.6%) 0.00 188
    2020-12-01 $550,000 (3.4%) $1,497,458 (49.6%) 0.00 165
    2021-01-01 $525,000 (2.4%) $1,555,113 (58.6%) 0.00 137
    2021-02-01 $550,000 (10.4%) $1,703,398 (71.3%) 0.00 127
    2021-03-01 $512,495 (-5.7%) $1,563,491 (51.7%) 0.00 122
    2021-04-01 $518,698 (-5.4%) $1,691,408 (60.5%) 0.00 116
    2021-05-01 $524,900 (-4.4%) $1,416,381 (30.1%) 0.00 125
    2021-06-01 $525,000 (-4.4%) $1,475,158 (28.2%) 0.00 129
    2021-07-01 $579,000 (5.4%) $1,412,374 (22.5%) 0.00 134
    2021-08-01 $554,495 (0.8%) $1,384,574 (17.8%) 0.00 127
    2021-09-01 $534,748 (-2.3%) $1,348,843 (9.9%) 0.00 130
    2021-10-01 $525,000 (-6.3%) $1,301,421 (6.1%) 0.00 128
    2021-11-01 $534,675 (-5.2%) $1,280,536 (-8.3%) 0.00 121
    2021-12-01 $466,495 (-15.2%) $1,203,225 (-19.7%) 0.00 107
    2022-01-01 $475,950 (-9.3%) $1,240,124 (-20.3%) 0.00 87
    2022-02-01 $486,200 (-11.6%) $1,197,206 (-29.7%) 0.00 72
    2022-03-01 $566,553 (10.6%) $1,181,550 (-24.4%) 0.00 65
    2022-04-01 $549,990 (6.0%) $1,241,716 (-26.6%) 0.00 64
    2022-05-01 $649,900 (23.8%) $1,451,212 (2.5%) 0.00 109
    2022-06-01 $581,220 (10.7%) $1,376,357 (-6.7%) 0.00 123
    2022-07-01 $507,495 (-12.4%) $1,371,431 (-2.9%) 0.00 129
    2022-08-01 $494,475 (-10.8%) $1,430,845 (3.3%) 0.00 128
    2022-09-01 $492,496 (-7.9%) $1,442,438 (6.9%) 0.00 128
    2022-10-01 $512,495 (-2.4%) $1,445,547 (11.1%) 0.00 131
    2022-11-01 $502,175 (-6.1%) $1,374,089 (7.3%) 0.00 123
    2022-12-01 $499,000 (7.0%) $1,369,824 (13.9%) 0.00 95
    2023-01-01 $496,500 (4.3%) $1,355,721 (9.3%) 0.00 88
    2023-02-01 $499,500 (2.7%) $1,431,962 (19.6%) 0.00 78
    2023-03-01 $491,743 (-13.2%) $1,421,084 (20.3%) 0.00 80
    2023-04-01 $696,750 (26.7%) $1,969,191 (58.6%) 0.00 93
    2023-05-01 $799,880 (23.1%) $2,169,204 (49.5%) 0.00 96
    2023-06-01 $788,720 (35.7%) $2,250,594 (63.5%) 0.00 100
    2023-07-01 $659,000 (29.9%) $2,157,564 (57.3%) 0.00 106
    2023-08-01 $757,498 (53.2%) $2,199,034 (53.7%) 0.00 108
    2023-09-01 $677,375 (37.5%) $1,979,290 (37.2%) 0.00 114
    2023-10-01 $737,475 (43.9%) $2,100,758 (45.3%) 0.00 123
    2023-11-01 $806,250 (60.6%) $2,287,932 (66.5%) 0.00 105
    2023-12-01 $699,000 (40.1%) $2,082,062 (52.0%) 0.00 93
    2024-01-01 $717,225 (44.5%) $1,902,045 (40.3%) 0.00 92
    2024-02-01 $587,172 (17.6%) $1,700,613 (18.8%) 0.00 106
    2024-03-01 $577,444 (17.4%) $1,883,040 (32.5%) 0.00 119
    Easton's median listing price for 2024-03-01 was $577,444, a difference of $85,701 (17.4%) versus the prior year and $-9,728 versus the prior month.

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

    Easton's average listing price for 2024-03-01 was $1,883,040, a difference of $461,956 (32.5%) versus the prior year and $182,427 versus the prior month.

    For the 2024-03-01 period, Easton had 119 MLS listings, a difference of 13 listings (12%) versus the prior month and 39 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Easton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,543 sqft
    2018-02-01 0 days 2,523 sqft
    2018-03-01 0 days 2,595 sqft
    2018-04-01 0 days 2,569 sqft
    2018-05-01 0 days 2,594 sqft
    2018-06-01 0 days 2,552 sqft
    2018-07-01 0 days 2,489 sqft
    2018-08-01 0 days 2,532 sqft
    2018-09-01 0 days 2,482 sqft
    2018-10-01 0 days 2,509 sqft
    2018-11-01 0 days 2,566 sqft
    2018-12-01 0 days 2,592 sqft
    2019-01-01 0 days 2,603 sqft
    2019-02-01 0 days 2,612 sqft
    2019-03-01 0 days 2,581 sqft
    2019-04-01 0 days 2,546 sqft
    2019-05-01 0 days 2,577 sqft
    2019-06-01 0 days 2,609 sqft
    2019-07-01 0 days 2,700 sqft
    2019-08-01 0 days 2,686 sqft
    2019-09-01 0 days 2,664 sqft
    2019-10-01 0 days 2,641 sqft
    2019-11-01 0 days 2,564 sqft
    2019-12-01 0 days 2,515 sqft
    2020-01-01 0 days 2,425 sqft
    2020-02-01 0 days 2,378 sqft
    2020-03-01 0 days 2,524 sqft
    2020-04-01 0 days 2,554 sqft
    2020-05-01 0 days 2,600 sqft
    2020-06-01 0 days 2,624 sqft
    2020-07-01 0 days 2,572 sqft
    2020-08-01 0 days 2,504 sqft
    2020-09-01 0 days 2,448 sqft
    2020-10-01 0 days 2,432 sqft
    2020-11-01 0 days 2,499 sqft
    2020-12-01 0 days 2,461 sqft
    2021-01-01 0 days 2,448 sqft
    2021-02-01 0 days 2,433 sqft
    2021-03-01 0 days 2,252 sqft
    2021-04-01 0 days 2,436 sqft
    2021-05-01 0 days 2,466 sqft
    2021-06-01 0 days 2,530 sqft
    2021-07-01 0 days 2,532 sqft
    2021-08-01 0 days 2,440 sqft
    2021-09-01 0 days 2,479 sqft
    2021-10-01 0 days 2,304 sqft
    2021-11-01 0 days 2,251 sqft
    2021-12-01 0 days 2,005 sqft
    2022-01-01 0 days 2,050 sqft
    2022-02-01 0 days 2,002 sqft
    2022-03-01 0 days 2,004 sqft
    2022-04-01 0 days 2,100 sqft
    2022-05-01 0 days 2,300 sqft
    2022-06-01 0 days 2,300 sqft
    2022-07-01 0 days 2,300 sqft
    2022-08-01 0 days 2,192 sqft
    2022-09-01 0 days 2,220 sqft
    2022-10-01 0 days 2,106 sqft
    2022-11-01 0 days 2,237 sqft
    2022-12-01 0 days 2,200 sqft
    2023-01-01 0 days 2,125 sqft
    2023-02-01 0 days 2,127 sqft
    2023-03-01 0 days 1,934 sqft
    2023-04-01 0 days 2,312 sqft
    2023-05-01 0 days 2,456 sqft
    2023-06-01 0 days 2,516 sqft
    2023-07-01 0 days 2,449 sqft
    2023-08-01 0 days 2,488 sqft
    2023-09-01 0 days 2,496 sqft
    2023-10-01 0 days 2,597 sqft
    2023-11-01 0 days 2,727 sqft
    2023-12-01 0 days 2,715 sqft
    2024-01-01 0 days 2,486 sqft
    2024-02-01 0 days 2,185 sqft
    2024-03-01 0 days 2,282 sqft
    Easton's median listing age (time on market) for 2024-03-01 was 0 days.

    Easton's median square footage for active listings during the 2024-03-01 period was 2,282 sqft. One year prior, the average listing was 1,934 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.