Eau Claire VA Loan Rates, Closing Costs & Stats

EAU CLAIRE, 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.

    Eau Claire's 40 lenders originated 164 VA loans during 2024. The total origination value was $50,040,000, with an average VA loan value of $305,122.

    Eau Claire VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Eau Claire averaged 0.48% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Eau Claire's average VA mortgage closing costs are $5,340.

    The average rate for the prior week (2025-06-13) was 7.13% and one month ago for the week of 2025-05-16, the average rate was 6.89%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.31%.

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

    Eau Claire 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 Eau Claire level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 36 6.40% $6,090
    QUICKEN LOANS, LLC 15 6.10% $8,552
    UNITED WHOLESALE MORTGAGE, LLC 11 6.00% $6,823
    Royal Credit Union 10 6.34% $7,312
    FREEDOM MORTGAGE CORPORATION 8 6.39% $8,729
    USAA Federal Savings Bank 5 5.90% $6,672
    Barrington Bank & Trust Company, N.A. 5 6.35% $4,476
    VILLAGE CAPITAL MORTGAGE 5 5.75% $5,013
    PENNYMAC LOAN SERVICES, LLC 5 5.63% $5,118
    NAVY FEDERAL CREDIT UNION 4 5.94% $1,972
    LOANDEPOT.COM, LLC 4 6.09% $10,095
    NEW DAY FINANCIAL, LLC 3 7.33% $12,300
    FIRST COMMUNITY MORTGAGE, INC. 3 6.67% $11,351
    NEWREZ LLC 3 5.75% $4,373
    U.S. Bank 3 6.00% $12,705
    Carrington Mortgage Services, LLC 2 6.13% $11,292
    PLANET HOME LENDING, LLC 2 5.75% $2,709
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.00% $2,975
    Associated Bank 2 6.38% $4,542
    CROSSCOUNTRY MORTGAGE, LLC 2 5.88% $9,944
    The Federal Savings Bank 2 5.81% $17,137
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $15,017
    Paramount Residential Mortgage Group, Inc. 1 6.75% $1,627
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $10,242
    Plains Commerce Bank 1 6.25% $2,053
    Prosperity Home Mortgage, LLC 1 6.63% $1,678
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $8,035
    Texana Bank 1 6.50% $11,428
    The Central Trust Bank 1 5.75% $4,679
    TOP FLITE FINANCIAL, INC. 1 7.13% $10,478
    UNION HOME MORTGAGE CORP. 1 6.50% $3,323
    BAY EQUITY LLC 1 7.25% $5,052
    HOMESIDE FINANCIAL, LLC 1 7.25% $710
    MORTGAGE ACCESS CORP. 1 6.13% $7,819
    Magnolia Bank 1 5.63% $17,836
    GUARANTEED RATE, INC. 1 5.75% $6,482
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.00% $7,194
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $4,329
    Flagstar Bank, FSB 1 6.67% $1,798
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $5,209

    The top Eau Claire VA lender as defined by loan originations is Mortgage Research Center, LLC, with 36 VA loans originated. Their average total fees are $6,090, which is $2,461 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Eau Claire VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,090), UNITED WHOLESALE MORTGAGE, LLC ($6,823), Royal Credit Union ($7,312), QUICKEN LOANS, LLC ($8,552) and .

    The lowest rate Eau Claire VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.00%), QUICKEN LOANS, LLC (6.10%), Royal Credit Union (6.34%), Mortgage Research Center, LLC (6.40%) and .

    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.