Fallon VA Loan Rates, Closing Costs & Stats

Fallon, NV

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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.

    Fallon's 40 lenders originated 174 VA loans during 2024. The total origination value was $64,860,000, with an average VA loan value of $372,759.

    Fallon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fallon averaged 6.37% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Fallon's average VA mortgage closing costs are $7,004.

    The average rate for the prior week (2025-03-28) was 6.29% and one month ago for the week of 2025-02-28, the average rate was 6.47%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.96%.

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

    Fallon 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 Fallon level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 32 5.78% $5,650
    Mortgage Research Center, LLC 29 6.34% $6,351
    NAVY FEDERAL CREDIT UNION 13 5.96% $7,736
    QUICKEN LOANS, LLC 11 6.03% $15,653
    GUILD MORTGAGE COMPANY 11 6.31% $16,004
    FREEDOM MORTGAGE CORPORATION 10 5.71% $6,547
    CROSSCOUNTRY MORTGAGE, LLC 7 6.53% $6,060
    Carrington Mortgage Services, LLC 4 5.72% $11,167
    Barrington Bank & Trust Company, N.A. 3 6.58% $10,045
    NEW DAY FINANCIAL, LLC 3 7.74% $15,558
    PENNYMAC LOAN SERVICES, LLC 3 5.92% $8,505
    TJC Mortgage, Inc. 2 6.75% $8,756
    USAA Federal Savings Bank 2 6.44% $8,060
    Equity Prime Mortgage LLC 2 6.69% $18,634
    Gateway First Bank 2 6.75% $12,085
    Century Mortgage Company DBA Century Lending Company 2 6.50% $2,963
    LOANDEPOT.COM, LLC 2 5.50% $12,504
    GUARANTEED RATE, INC. 2 5.65% $9,137
    NEWREZ LLC 2 6.50% $4,631
    U.S. Bank 1 6.25% $7,428
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $2,371
    VILLAGE CAPITAL MORTGAGE 1 5.25% $7,322
    CANOPY MORTGAGE, LLC 1 5.99% $13,740
    CLEARPATH LENDING 1 5.75% $2,720
    GoPrime Mortgage, Inc. 1 5.75% $9,270
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $20,531
    LADERA LENDING, INC. 1 6.25% $4,608
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $4,534
    LOANPAL, LLC 1 5.99% $14,957
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $5,520
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $10,759
    Paramount Residential Mortgage Group, Inc. 1 5.75% $17,293
    PHH Mortgage Corporation 1 5.99% $3,898
    Plains Commerce Bank 1 6.00% $21,970
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $7,482
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $4,388
    SUMMIT FUNDING, INC. 1 6.50% $14,450
    SUN WEST MORTGAGE COMPANY, INC. 1 7.50% $14,493
    The Central Trust Bank 1 6.25% $19,076
    The Federal Savings Bank 1 6.00% $22,647

    The top Fallon VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 32 VA loans originated. Their average total fees are $5,650, which is $701 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Fallon VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,650), Mortgage Research Center, LLC ($6,351), FREEDOM MORTGAGE CORPORATION ($6,547), NAVY FEDERAL CREDIT UNION ($7,736) and QUICKEN LOANS, LLC ($15,653).

    The lowest rate Fallon VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (5.71%), UNITED WHOLESALE MORTGAGE, LLC (5.78%), NAVY FEDERAL CREDIT UNION (5.96%), QUICKEN LOANS, LLC (6.03%) and GUILD MORTGAGE COMPANY (6.31%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fallon (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 $243,000 (5.3%) $249,385 (-2.0%) 0.00 39
    2018-02-01 $250,000 (7.3%) $271,856 (8.3%) 0.00 29
    2018-03-01 $285,000 (21.9%) $299,090 (21.2%) 0.00 22
    2018-04-01 $281,700 (25.2%) $293,706 (21.7%) 0.00 30
    2018-05-01 $263,750 (12.6%) $282,687 (12.4%) 0.00 41
    2018-06-01 $271,450 (23.8%) $293,795 (22.0%) 0.00 44
    2018-07-01 $265,000 (15.2%) $287,363 (19.8%) 0.00 50
    2018-08-01 $269,900 (7.6%) $287,046 (9.0%) 0.00 59
    2018-09-01 $262,000 (11.5%) $280,677 (7.8%) 0.00 71
    2018-10-01 $269,900 (8.9%) $279,849 (7.6%) 0.00 81
    2018-11-01 $269,900 (5.1%) $276,845 (2.7%) 0.00 80
    2018-12-01 $270,000 (6.3%) $277,610 (6.9%) 0.00 76
    2019-01-01 $271,250 (11.6%) $280,612 (12.5%) 0.00 75
    2019-02-01 $269,925 (8.0%) $276,320 (1.6%) 0.00 77
    2019-03-01 $268,964 (-5.6%) $278,071 (-7.0%) 0.00 72
    2019-04-01 $271,375 (-3.7%) $280,650 (-4.5%) 0.00 66
    2019-05-01 $276,350 (4.8%) $294,410 (4.2%) 0.00 61
    2019-06-01 $279,875 (3.1%) $307,630 (4.7%) 0.00 71
    2019-07-01 $283,650 (7.0%) $306,904 (6.8%) 0.00 74
    2019-08-01 $285,527 (5.8%) $315,940 (10.1%) 0.00 77
    2019-09-01 $286,468 (9.3%) $326,439 (16.3%) 0.00 77
    2019-10-01 $288,350 (6.8%) $331,780 (18.6%) 0.00 76
    2019-11-01 $280,000 (3.7%) $321,080 (16.0%) 0.00 67
    2019-12-01 $289,800 (7.3%) $326,739 (17.7%) 0.00 59
    2020-01-01 $294,700 (8.7%) $328,905 (17.2%) 0.00 58
    2020-02-01 $294,900 (9.3%) $329,217 (19.1%) 0.00 53
    2020-03-01 $296,500 (10.2%) $326,328 (17.4%) 0.00 69
    2020-04-01 $298,975 (10.2%) $327,707 (16.8%) 0.00 66
    2020-05-01 $294,900 (6.7%) $381,107 (29.5%) 0.00 60
    2020-06-01 $299,500 (7.0%) $444,966 (44.6%) 0.00 38
    2020-07-01 $306,125 (7.9%) $452,529 (47.5%) 0.00 34
    2020-08-01 $349,900 (22.6%) $509,848 (61.4%) 0.00 26
    2020-09-01 $338,000 (18.0%) $516,433 (58.2%) 0.00 22
    2020-10-01 $301,900 (4.7%) $479,083 (44.4%) 0.00 17
    2020-11-01 $298,550 (6.6%) $486,331 (51.5%) 0.00 16
    2020-12-01 $332,500 (14.7%) $504,906 (54.5%) 0.00 23
    2021-01-01 $298,250 (1.2%) $496,807 (51.1%) 0.00 23
    2021-02-01 $322,500 (9.4%) $492,107 (49.5%) 0.00 18
    2021-03-01 $297,436 (0.3%) $497,987 (52.6%) 0.00 19
    2021-04-01 $289,950 (-3.0%) $479,312 (46.3%) 0.00 29
    2021-05-01 $330,000 (11.9%) $440,075 (15.5%) 0.00 23
    2021-06-01 $336,000 (12.2%) $415,635 (-6.6%) 0.00 21
    2021-07-01 $362,500 (18.4%) $438,891 (-3.0%) 0.00 27
    2021-08-01 $390,000 (11.5%) $432,263 (-15.2%) 0.00 36
    2021-09-01 $384,500 (13.8%) $455,837 (-11.7%) 0.00 31
    2021-10-01 $395,000 (30.8%) $457,782 (-4.5%) 0.00 29
    2021-11-01 $352,500 (18.1%) $441,359 (-9.3%) 0.00 31
    2021-12-01 $359,750 (8.2%) $423,048 (-16.2%) 0.00 28
    2022-01-01 $367,250 (23.1%) $389,303 (-21.6%) 0.00 24
    2022-02-01 $377,300 (17.0%) $396,331 (-19.5%) 0.00 25
    2022-03-01 $395,000 (32.8%) $415,830 (-16.5%) 0.00 22
    2022-04-01 $379,950 (31.0%) $416,157 (-13.2%) 0.00 36
    2022-05-01 $394,500 (19.6%) $428,056 (-2.7%) 0.00 47
    2022-06-01 $399,450 (18.9%) $466,254 (12.2%) 0.00 60
    2022-07-01 $395,000 (9.0%) $461,460 (5.1%) 0.00 77
    2022-08-01 $387,350 (-0.7%) $452,190 (4.6%) 0.00 77
    2022-09-01 $388,337 (1.0%) $446,728 (-2.0%) 0.00 74
    2022-10-01 $369,990 (-6.3%) $421,822 (-7.9%) 0.00 84
    2022-11-01 $355,498 (0.9%) $404,733 (-8.3%) 0.00 93
    2022-12-01 $357,990 (-0.5%) $390,858 (-7.6%) 0.00 75
    2023-01-01 $354,993 (-3.3%) $388,849 (-0.1%) 0.00 57
    2023-02-01 $361,473 (-4.2%) $401,656 (1.3%) 0.00 47
    2023-03-01 $370,990 (-6.1%) $404,230 (-2.8%) 0.00 47
    2023-04-01 $386,780 (1.8%) $445,636 (7.1%) 0.00 33
    2023-05-01 $425,750 (7.9%) $450,629 (5.3%) 0.00 26
    2023-06-01 $401,183 (0.4%) $439,474 (-5.7%) 0.00 28
    2023-07-01 $434,000 (9.9%) $498,746 (8.1%) 0.00 32
    2023-08-01 $415,875 (7.4%) $502,631 (11.2%) 0.00 30
    2023-09-01 $435,000 (12.0%) $480,933 (7.7%) 0.00 39
    2023-10-01 $410,000 (10.8%) $472,744 (12.1%) 0.00 46
    2023-11-01 $407,250 (14.6%) $452,933 (11.9%) 0.00 55
    2023-12-01 $397,450 (11.0%) $451,167 (15.4%) 0.00 52
    2024-01-01 $390,975 (10.1%) $422,841 (8.7%) 0.00 48
    2024-02-01 $376,920 (4.3%) $403,918 (0.6%) 0.00 42
    2024-03-01 $399,900 (7.8%) $464,189 (14.8%) 0.00 31
    2024-04-01 $425,000 (9.9%) $476,950 (7.0%) 0.00 37
    2024-05-01 $422,500 (-0.8%) $477,752 (6.0%) 0.00 45
    2024-06-01 $425,000 (5.9%) $507,054 (15.4%) 0.00 44
    2024-07-01 $418,000 (-3.7%) $523,998 (5.1%) 0.00 49
    2024-08-01 $426,500 (2.6%) $498,830 (-0.8%) 0.00 52
    2024-09-01 $411,375 (-5.4%) $489,377 (1.8%) 0.00 43
    2024-10-01 $415,125 (1.3%) $492,945 (4.3%) 0.00 42
    2024-11-01 $429,900 (5.6%) $478,754 (5.7%) 0.00 49
    2024-12-01 $414,875 (4.4%) $483,441 (7.2%) 0.00 42
    2025-01-01 $406,225 (3.9%) $466,958 (10.4%) 0.00 45
    2025-02-01 $402,400 (6.8%) $449,853 (11.4%) 0.00 51
    2025-03-01 $427,450 (6.9%) $481,008 (3.6%) 0.00 44
    Fallon's median listing price for 2025-03-01 was $427,450, a difference of $27,550 (6.9%) versus the prior year and $25,050 versus the prior month.

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

    Fallon's average listing price for 2025-03-01 was $481,008, a difference of $16,819 (3.6%) versus the prior year and $31,155 versus the prior month.

    For the 2025-03-01 period, Fallon had 44 MLS listings, a difference of -7 listings (-14%) versus the prior month and 13 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fallon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,782 sqft
    2018-02-01 0 days 1,884 sqft
    2018-03-01 0 days 1,987 sqft
    2018-04-01 0 days 1,863 sqft
    2018-05-01 0 days 1,851 sqft
    2018-06-01 0 days 1,767 sqft
    2018-07-01 0 days 1,692 sqft
    2018-08-01 0 days 1,773 sqft
    2018-09-01 0 days 1,653 sqft
    2018-10-01 0 days 1,652 sqft
    2018-11-01 0 days 1,704 sqft
    2018-12-01 0 days 1,732 sqft
    2019-01-01 0 days 1,694 sqft
    2019-02-01 0 days 1,680 sqft
    2019-03-01 0 days 1,715 sqft
    2019-04-01 0 days 1,730 sqft
    2019-05-01 0 days 1,811 sqft
    2019-06-01 0 days 1,853 sqft
    2019-07-01 0 days 1,837 sqft
    2019-08-01 0 days 1,866 sqft
    2019-09-01 0 days 1,879 sqft
    2019-10-01 0 days 1,889 sqft
    2019-11-01 0 days 1,831 sqft
    2019-12-01 0 days 1,852 sqft
    2020-01-01 0 days 1,830 sqft
    2020-02-01 0 days 1,818 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,877 sqft
    2020-05-01 0 days 1,822 sqft
    2020-06-01 0 days 1,820 sqft
    2020-07-01 0 days 1,839 sqft
    2020-08-01 0 days 1,895 sqft
    2020-09-01 0 days 1,772 sqft
    2020-10-01 0 days 1,624 sqft
    2020-11-01 0 days 1,567 sqft
    2020-12-01 0 days 1,654 sqft
    2021-01-01 0 days 1,624 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,589 sqft
    2021-04-01 0 days 1,559 sqft
    2021-05-01 0 days 1,693 sqft
    2021-06-01 0 days 1,602 sqft
    2021-07-01 0 days 1,536 sqft
    2021-08-01 0 days 1,600 sqft
    2021-09-01 0 days 1,643 sqft
    2021-10-01 0 days 1,744 sqft
    2021-11-01 0 days 1,604 sqft
    2021-12-01 0 days 1,568 sqft
    2022-01-01 0 days 1,541 sqft
    2022-02-01 0 days 1,610 sqft
    2022-03-01 0 days 1,640 sqft
    2022-04-01 0 days 1,631 sqft
    2022-05-01 0 days 1,633 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 1,706 sqft
    2022-08-01 0 days 1,690 sqft
    2022-09-01 0 days 1,710 sqft
    2022-10-01 0 days 1,668 sqft
    2022-11-01 0 days 1,639 sqft
    2022-12-01 0 days 1,636 sqft
    2023-01-01 0 days 1,621 sqft
    2023-02-01 0 days 1,611 sqft
    2023-03-01 0 days 1,616 sqft
    2023-04-01 0 days 1,660 sqft
    2023-05-01 0 days 1,779 sqft
    2023-06-01 0 days 1,752 sqft
    2023-07-01 0 days 1,715 sqft
    2023-08-01 0 days 1,689 sqft
    2023-09-01 0 days 1,777 sqft
    2023-10-01 0 days 1,758 sqft
    2023-11-01 0 days 1,721 sqft
    2023-12-01 0 days 1,660 sqft
    2024-01-01 0 days 1,606 sqft
    2024-02-01 0 days 1,593 sqft
    2024-03-01 0 days 1,628 sqft
    2024-04-01 0 days 1,834 sqft
    2024-05-01 0 days 1,799 sqft
    2024-06-01 0 days 1,824 sqft
    2024-07-01 0 days 1,725 sqft
    2024-08-01 0 days 1,740 sqft
    2024-09-01 0 days 1,702 sqft
    2024-10-01 0 days 1,709 sqft
    2024-11-01 0 days 1,694 sqft
    2024-12-01 0 days 1,677 sqft
    2025-01-01 0 days 1,681 sqft
    2025-02-01 0 days 1,658 sqft
    2025-03-01 0 days 1,776 sqft
    Fallon's median listing age (time on market) for 2025-03-01 was 0 days.

    Fallon's median square footage for active listings during the 2025-03-01 period was 1,776 sqft. One year prior, the average listing was 1,628 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.