Fernley VA Loan Rates, Closing Costs & Stats

Fernley, 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.

    Fernley's 66 lenders originated 355 VA loans during 2022. The total origination value was $130,275,000, with an average VA loan value of $366,972.

    Fernley VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fernley averaged -0.48% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

    Fernley's average VA mortgage closing costs are $6,779.

    The average rate for the prior week (2023-05-26) was 6.25% and one month ago for the week of 2023-04-28, the average rate was 5.91%.

    The average rate one year ago was 4.86%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.36%.

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

    Fernley 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 Fernley level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 47 4.59% $12,802
    Mortgage Research Center, LLC 41 4.96% $9,902
    FREEDOM MORTGAGE CORPORATION 20 4.25% $11,015
    QUICKEN LOANS, LLC 18 3.99% $12,864
    UNITED WHOLESALE MORTGAGE, LLC 16 4.10% $8,818
    NAVY FEDERAL CREDIT UNION 11 3.85% $6,176
    EAGLE HOME MORTGAGE, LLC 11 4.88% $7,205
    SUMMIT FUNDING, INC. 10 5.19% $10,822
    DHI MORTGAGE COMPANY, LTD. 9 3.44% $11,588
    NEW DAY FINANCIAL, LLC 9 5.09% $16,880
    LOANDEPOT.COM, LLC 8 4.80% $9,680
    BROKER SOLUTIONS, INC. 7 5.21% $8,825
    PENNYMAC LOAN SERVICES, LLC 7 3.85% $15,676
    CLEARPATH LENDING 7 3.45% $13,362
    The Federal Savings Bank 6 3.54% $11,199
    Low VA Rates, LLC 5 4.25% $21,507
    Carrington Mortgage Services, LLC 5 3.90% $8,858
    HOME POINT FINANCIAL CORPORATION 5 3.37% $6,345
    VILLAGE CAPITAL MORTGAGE 5 3.30% $9,811
    CROSSCOUNTRY MORTGAGE, LLC 5 4.09% $14,219
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 4.25% $11,561
    MOVEMENT MORTGAGE, LLC 4 4.72% $8,715
    Barrington Bank & Trust Company, N.A. 4 4.86% $8,379
    CARDINAL FINANCIAL 4 4.63% $12,898
    USAA Federal Savings Bank 4 2.88% $7,887
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.09% $12,036
    AMERISAVE MORTGAGE CORPORATION 3 3.08% $15,817
    Wells Fargo Bank 3 4.42% $2,540
    CALIBER HOME LOANS, INC. 3 4.02% $13,699
    GREATER NEVADA LLC 3 4.83% $10,347
    NFM, INC. 3 6.33% $10,765
    Equity Prime Mortgage LLC 3 5.25% $8,326
    Magnolia Bank 3 4.17% $13,945
    Northpointe Bank 3 3.79% $11,567
    Hometown Lenders, Inc. 2 3.81% $5,983
    LOANPAL, LLC 2 4.13% $17,592
    BAY EQUITY LLC 2 4.88% $14,695
    LAKEVIEW LOAN SERVICING, LLC 2 3.88% $2,285
    MANN FINANCIAL INC. 2 4.06% $12,208
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.50% $6,089
    Zions Bancorporation, N.A. 1 3.25% $8,658
    Bank of England 1 3.63% $16,496
    Bank of the Pacific 1 3.75% $8,377
    BNC National Bank 1 4.13% $16,758
    CALCON MUTUAL MORTGAGE LLC 1 4.25% $9,335
    CASTLE & COOKE MORTGAGE, LLC 1 3.38% $14,250
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.25% $9,464
    FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $20,188
    Gateway First Bank 1 5.75% $13,368
    GUARANTEED RATE AFFINITY, LLC 1 3.38% $1,234
    GUARANTEED RATE, INC. 1 3.38% $3,513
    INFINITY EQUITY GROUP, INC. 1 3.88% $11,519
    ISERVE RESIDENTIAL LENDING, LLC 1 4.13% $16,545
    LEADERONE FINANCIAL CORPORATION 1 4.38% $17,611
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.50% $23,122
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $4,373
    North American Savings Bank, F.S.B. 1 3.88% $2,254
    ON Q FINANCIAL, INC. 1 3.75% $10,795
    PENTAGON FEDERAL CREDIT UNION 1 4.50% $5,962
    PLANET HOME LENDING, LLC 1 3.25% $12,955
    PLAZA HOME MORTGAGE, INC. 1 2.38% $14,429
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $18,987
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.25% $4,847
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.75% $5,343
    Texana Bank 1 5.50% $4,954
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 3.88% $9,283

    The top Fernley VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 47 VA loans originated. Their average total fees are $12,802, which is $2,901 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Fernley VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,176), EAGLE HOME MORTGAGE, LLC ($7,205), UNITED WHOLESALE MORTGAGE, LLC ($8,818), Mortgage Research Center, LLC ($9,902) and SUMMIT FUNDING, INC. ($10,822).

    The lowest rate Fernley VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (3.85%), QUICKEN LOANS, LLC (3.99%), UNITED WHOLESALE MORTGAGE, LLC (4.10%), FREEDOM MORTGAGE CORPORATION (4.25%) and GUILD MORTGAGE COMPANY (4.59%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fernley (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 $303,578 (13.4%) $378,413 (17.9%) 0.00 195
    2018-02-01 $310,950 (15.4%) $394,669 (18.9%) 0.00 163
    2018-03-01 $307,900 (10.7%) $389,243 (16.4%) 0.00 170
    2018-04-01 $312,104 (11.5%) $399,396 (12.9%) 0.00 164
    2018-05-01 $309,890 (3.9%) $398,655 (6.2%) 0.00 170
    2018-06-01 $302,450 (1.3%) $393,861 (5.8%) 0.00 189
    2018-07-01 $299,900 (-4.8%) $390,705 (2.6%) 0.00 215
    2018-08-01 $297,000 (-2.0%) $385,199 (3.0%) 0.00 220
    2018-09-01 $299,250 (0.1%) $373,931 (0.9%) 0.00 245
    2018-10-01 $298,500 (-0.4%) $356,183 (-3.4%) 0.00 248
    2018-11-01 $299,625 (1.6%) $354,725 (0.6%) 0.00 221
    2018-12-01 $300,000 (3.5%) $371,852 (3.7%) 0.00 208
    2019-01-01 $304,950 (0.5%) $370,293 (-2.2%) 0.00 197
    2019-02-01 $322,425 (3.7%) $378,693 (-4.1%) 0.00 191
    2019-03-01 $330,943 (7.5%) $387,902 (-0.3%) 0.00 201
    2019-04-01 $339,000 (8.6%) $397,537 (-0.5%) 0.00 213
    2019-05-01 $338,630 (9.3%) $388,234 (-2.6%) 0.00 235
    2019-06-01 $339,830 (12.4%) $387,538 (-1.6%) 0.00 241
    2019-07-01 $340,000 (13.4%) $383,926 (-1.7%) 0.00 268
    2019-08-01 $337,927 (13.8%) $380,336 (-1.3%) 0.00 270
    2019-09-01 $334,818 (11.9%) $377,101 (0.9%) 0.00 267
    2019-10-01 $333,231 (11.6%) $375,956 (5.6%) 0.00 263
    2019-11-01 $339,450 (13.3%) $384,322 (8.3%) 0.00 241
    2019-12-01 $334,250 (11.4%) $380,317 (2.3%) 0.00 217
    2020-01-01 $334,900 (9.8%) $383,125 (3.5%) 0.00 188
    2020-02-01 $340,000 (5.5%) $386,339 (2.0%) 0.00 183
    2020-03-01 $340,825 (3.0%) $389,000 (0.3%) 0.00 187
    2020-04-01 $331,200 (-2.3%) $381,911 (-3.9%) 0.00 204
    2020-05-01 $338,799 (0.1%) $398,957 (2.8%) 0.00 174
    2020-06-01 $351,225 (3.4%) $429,693 (10.9%) 0.00 161
    2020-07-01 $362,003 (6.5%) $430,266 (12.1%) 0.00 155
    2020-08-01 $364,900 (8.0%) $428,483 (12.7%) 0.00 134
    2020-09-01 $380,269 (13.6%) $450,941 (19.6%) 0.00 125
    2020-10-01 $359,900 (8.0%) $423,960 (12.8%) 0.00 120
    2020-11-01 $354,975 (4.6%) $431,070 (12.2%) 0.00 90
    2020-12-01 $347,537 (4.0%) $425,064 (11.8%) 0.00 74
    2021-01-01 $334,900 (0.0%) $426,023 (11.2%) 0.00 63
    2021-02-01 $352,488 (3.7%) $426,567 (10.4%) 0.00 46
    2021-03-01 $332,000 (-2.6%) $430,112 (10.6%) 0.00 45
    2021-04-01 $360,000 (8.7%) $421,360 (10.3%) 0.00 77
    2021-05-01 $386,950 (14.2%) $511,136 (28.1%) 0.00 72
    2021-06-01 $414,913 (18.1%) $540,478 (25.8%) 0.00 69
    2021-07-01 $418,500 (15.6%) $528,882 (22.9%) 0.00 74
    2021-08-01 $423,725 (16.1%) $492,547 (15.0%) 0.00 112
    2021-09-01 $427,500 (12.4%) $500,405 (11.0%) 0.00 118
    2021-10-01 $419,000 (16.4%) $483,274 (14.0%) 0.00 150
    2021-11-01 $418,750 (18.0%) $477,405 (10.8%) 0.00 155
    2021-12-01 $419,000 (20.6%) $497,695 (17.1%) 0.00 125
    2022-01-01 $419,900 (25.4%) $527,266 (23.8%) 0.00 108
    2022-02-01 $429,000 (21.7%) $534,931 (25.4%) 0.00 90
    2022-03-01 $433,450 (30.6%) $535,949 (24.6%) 0.00 88
    2022-04-01 $446,000 (23.9%) $547,972 (30.1%) 0.00 115
    2022-05-01 $453,225 (17.1%) $547,941 (7.2%) 0.00 152
    2022-06-01 $439,950 (6.0%) $519,450 (-3.9%) 0.00 193
    2022-07-01 $442,500 (5.7%) $514,861 (-2.7%) 0.00 254
    2022-08-01 $443,725 (4.7%) $504,173 (2.4%) 0.00 287
    2022-09-01 $430,241 (0.6%) $488,131 (-2.5%) 0.00 316
    2022-10-01 $425,000 (1.4%) $490,338 (1.5%) 0.00 304
    2022-11-01 $426,000 (1.7%) $490,839 (2.8%) 0.00 279
    2022-12-01 $415,000 (-1.0%) $463,883 (-6.8%) 0.00 247
    2023-01-01 $400,000 (-4.7%) $484,208 (-8.2%) 0.00 215
    2023-02-01 $422,213 (-1.6%) $496,028 (-7.3%) 0.00 188
    2023-03-01 $435,248 (0.4%) $505,042 (-5.8%) 0.00 164
    2023-04-01 $430,000 (-3.6%) $515,834 (-5.9%) 0.00 147
    2023-05-01 $436,747 (-3.6%) $516,932 (-5.7%) 0.00 147
    Fernley's median listing price for 2023-05-01 was $436,747, a difference of $-16,478 (-3.6%) versus the prior year and $6,747 versus the prior month.

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

    Fernley's average listing price for 2023-05-01 was $516,932, a difference of $-31,009 (-5.7%) versus the prior year and $1,098 versus the prior month.

    For the 2023-05-01 period, Fernley had 147 MLS listings, a difference of 0 listings (0%) versus the prior month and -5 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fernley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,930 sqft
    2018-02-01 0 days 1,997 sqft
    2018-03-01 0 days 1,930 sqft
    2018-04-01 0 days 1,930 sqft
    2018-05-01 0 days 1,912 sqft
    2018-06-01 0 days 1,850 sqft
    2018-07-01 0 days 1,826 sqft
    2018-08-01 0 days 1,822 sqft
    2018-09-01 0 days 1,815 sqft
    2018-10-01 0 days 1,825 sqft
    2018-11-01 0 days 1,830 sqft
    2018-12-01 0 days 1,844 sqft
    2019-01-01 0 days 1,832 sqft
    2019-02-01 0 days 1,882 sqft
    2019-03-01 0 days 1,909 sqft
    2019-04-01 0 days 1,921 sqft
    2019-05-01 0 days 1,897 sqft
    2019-06-01 0 days 1,913 sqft
    2019-07-01 0 days 1,907 sqft
    2019-08-01 0 days 1,881 sqft
    2019-09-01 0 days 1,841 sqft
    2019-10-01 0 days 1,818 sqft
    2019-11-01 0 days 1,877 sqft
    2019-12-01 0 days 1,870 sqft
    2020-01-01 0 days 1,837 sqft
    2020-02-01 0 days 1,835 sqft
    2020-03-01 0 days 1,870 sqft
    2020-04-01 0 days 1,798 sqft
    2020-05-01 0 days 1,814 sqft
    2020-06-01 0 days 1,917 sqft
    2020-07-01 0 days 1,946 sqft
    2020-08-01 0 days 1,864 sqft
    2020-09-01 0 days 1,968 sqft
    2020-10-01 0 days 1,860 sqft
    2020-11-01 0 days 1,799 sqft
    2020-12-01 0 days 1,752 sqft
    2021-01-01 0 days 1,663 sqft
    2021-02-01 0 days 1,664 sqft
    2021-03-01 0 days 1,595 sqft
    2021-04-01 0 days 1,675 sqft
    2021-05-01 0 days 1,722 sqft
    2021-06-01 0 days 1,841 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,838 sqft
    2021-09-01 0 days 1,903 sqft
    2021-10-01 0 days 1,786 sqft
    2021-11-01 0 days 1,749 sqft
    2021-12-01 0 days 1,747 sqft
    2022-01-01 0 days 1,750 sqft
    2022-02-01 0 days 1,718 sqft
    2022-03-01 0 days 1,713 sqft
    2022-04-01 0 days 1,768 sqft
    2022-05-01 0 days 1,851 sqft
    2022-06-01 0 days 1,821 sqft
    2022-07-01 0 days 1,846 sqft
    2022-08-01 0 days 1,814 sqft
    2022-09-01 0 days 1,749 sqft
    2022-10-01 0 days 1,749 sqft
    2022-11-01 0 days 1,786 sqft
    2022-12-01 0 days 1,755 sqft
    2023-01-01 0 days 1,753 sqft
    2023-02-01 0 days 1,797 sqft
    2023-03-01 0 days 1,807 sqft
    2023-04-01 0 days 1,797 sqft
    2023-05-01 0 days 1,802 sqft
    Fernley's median listing age (time on market) for 2023-05-01 was 0 days.

    Fernley's median square footage for active listings during the 2023-05-01 period was 1,802 sqft. One year prior, the average listing was 1,851 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.