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 37 lenders originated 133 VA loans during 2023. The total origination value was $45,775,000, with an average VA loan value of $344,173.

    Fallon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fallon averaged 6.15% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Fallon's average VA mortgage closing costs are $6,808.

    The average rate for the prior week (2024-12-06) was 5.88% and one month ago for the week of 2024-11-08, the average rate was 6.48%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.08%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 20 5.46% $10,387
    UNITED WHOLESALE MORTGAGE, LLC 17 6.31% $8,596
    Mortgage Research Center, LLC 14 6.77% $8,342
    NAVY FEDERAL CREDIT UNION 10 5.46% $9,686
    QUICKEN LOANS, LLC 10 6.01% $10,851
    GUILD MORTGAGE COMPANY 6 6.42% $12,167
    Plains Commerce Bank 4 6.44% $11,279
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.28% $9,621
    Paramount Residential Mortgage Group, Inc. 3 5.54% $6,476
    Equity Prime Mortgage LLC 3 6.75% $9,193
    VILLAGE CAPITAL MORTGAGE 2 6.32% $9,111
    AMERICAN FINANCIAL NETWORK, INC. 2 6.25% $13,911
    Gateway First Bank 2 7.75% $11,627
    GREATER NEVADA LLC 2 5.94% $15,934
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $13,246
    TJC Mortgage, Inc. 2 7.31% $14,769
    USAA Federal Savings Bank 2 6.19% $7,538
    VAN DYK MORTGAGE CORPORATION 2 6.75% $5,566
    VERITAS FUNDING, LLC 1 6.50% $24,494
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $6,744
    NBKC BANK 1 5.63% $15,694
    NEWREZ LLC 1 6.25% $12,659
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $12,409
    CROSSCOUNTRY MORTGAGE, LLC 1 6.69% $34,553
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $3,267
    CARDINAL FINANCIAL 1 6.13% $19,283
    BROKER SOLUTIONS, INC. 1 7.25% $14,080
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $2,512
    RESIDENTIAL BANCORP 1 5.75% $7,064
    SUMMIT FUNDING, INC. 1 6.25% $1,086
    SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $10,642
    ACADEMY MORTGAGE CORPORATION 1 6.13% $10,134
    American Mortgage & Equity Consultants, Inc. 1 6.50% $2,200
    GUARANTEED RATE, INC. 1 7.23% $8,680
    INTERCAP LENDING INC. 1 5.63% $15,907
    FREEDOM MORTGAGE CORPORATION 1 5.75% $15,526
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $0

    The top Fallon VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 20 VA loans originated. Their average total fees are $10,387, which is $1,791 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Fallon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,342), UNITED WHOLESALE MORTGAGE, LLC ($8,596), NAVY FEDERAL CREDIT UNION ($9,686), DHI MORTGAGE COMPANY, LTD. ($10,387) and QUICKEN LOANS, LLC ($10,851).

    The lowest rate Fallon VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.46%), NAVY FEDERAL CREDIT UNION (5.46%), QUICKEN LOANS, LLC (6.01%), UNITED WHOLESALE MORTGAGE, LLC (6.31%) and Mortgage Research Center, LLC (6.77%).

    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 $295,425 (5.5%) $477,399 (48.7%) 0.00 17
    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 (19.3%) $441,359 (-7.6%) 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 $404,500 (13.8%) $453,159 (12.0%) 0.00 55
    2023-12-01 $397,450 (11.0%) $451,167 (15.4%) 0.00 52
    2024-01-01 $389,725 (9.8%) $422,967 (8.8%) 0.00 48
    2024-02-01 $376,920 (4.3%) $404,017 (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%) $477,953 (7.3%) 0.00 37
    2024-05-01 $422,850 (-0.7%) $478,502 (6.2%) 0.00 45
    2024-06-01 $412,500 (2.8%) $504,509 (14.8%) 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 (6.3%) $478,754 (5.7%) 0.00 49
    Fallon's median listing price for 2024-11-01 was $429,900, a difference of $25,400 (6.3%) versus the prior year and $14,775 versus the prior month.

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

    Fallon's average listing price for 2024-11-01 was $478,754, a difference of $25,595 (5.7%) versus the prior year and $-14,191 versus the prior month.

    For the 2024-11-01 period, Fallon had 49 MLS listings, a difference of 7 listings (17%) versus the prior month and -6 listings (-11%) 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 1,574 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 1,705 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 1,632 sqft
    2024-04-01 0 days 1,838 sqft
    2024-05-01 0 days 1,802 sqft
    2024-06-01 0 days 1,857 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
    Fallon's median listing age (time on market) for 2024-11-01 was 0 days.

    Fallon's median square footage for active listings during the 2024-11-01 period was 1,694 sqft. One year prior, the average listing was 1,705 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.