Flint VA Loan Rates, Closing Costs & Stats

FLINT, MI

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.

Flint's 73 lenders originated 340 VA loans during 2023. The total origination value was $79,900,000, with an average VA loan value of $235,000.

Flint VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Flint averaged 6.58% for the week of 2024-12-06, compared to the national average (all VA variants) of 6.143% for the same period.

Flint's average VA mortgage closing costs are $4,874.

The average rate for the prior week (2024-11-29) was 6.37% and one month ago for the week of 2024-11-01, the average rate was 6.43%.

The average rate one year ago was 6.88%.

For refis of the same type during the week of 2024-12-06, the average rate was 6.61%.

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

Flint 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 Flint level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 68 6.82% $4,985
QUICKEN LOANS, LLC 31 6.11% $7,862
UNITED WHOLESALE MORTGAGE, LLC 27 6.59% $8,802
J. VIRGIL, INC. 16 6.80% $6,572
NEW DAY FINANCIAL, LLC 12 7.57% $10,710
Preston Home Loans Inc 11 6.59% $8,710
NEWREZ LLC 8 6.80% $6,837
PENNYMAC LOAN SERVICES, LLC 7 5.82% $3,819
NAVY FEDERAL CREDIT UNION 7 5.79% $2,775
The Huntington National Bank 6 6.58% $4,999
CALIBER HOME LOANS, INC. 6 6.56% $7,781
MORTGAGE 1 INCORPORATED 6 6.31% $5,841
DAS Acquisition Company, LLC 5 6.93% $6,760
SUCCESS MORTGAGE PARTNERS, INC. 5 6.70% $10,023
FREEDOM MORTGAGE CORPORATION 5 6.50% $13,380
TOWNE MORTGAGE COMPANY 5 6.57% $9,004
INSPIRE HOME LOANS INC. 4 5.63% $2,997
LOANDEPOT.COM, LLC 4 5.87% $17,637
Mr. Cooper ( Nationstar Mortgage ) 4 5.75% $10,219
ROSS MORTGAGE CORPORATION 4 6.66% $3,763
The Federal Savings Bank 3 6.58% $11,735
Flagstar Bank, FSB 3 6.92% $4,946
First State Bank 3 6.96% $5,168
AMERICAN FINANCIAL RESOURCES, INC. 3 7.42% $10,870
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.33% $10,756
AMERISAVE MORTGAGE CORPORATION 3 6.25% $12,560
PLAZA HOME MORTGAGE, INC. 3 7.00% $7,259
JPMorgan Chase Bank 3 6.38% $877
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.88% $8,593
NBKC BANK 2 6.00% $4,762
PENTAGON FEDERAL CREDIT UNION 2 6.63% $3,670
CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $4,174
GUARANTEED RATE, INC. 2 6.39% $8,774
Barrington Bank & Trust Company, N.A. 2 6.00% $3,507
STAUNTON FINANCIAL, INC. 2 6.88% $7,583
Sunflower Bank 2 7.44% $5,467
BROKER SOLUTIONS, INC. 2 6.75% $10,737
USAA Federal Savings Bank 2 6.19% $6,948
ACADEMY MORTGAGE CORPORATION 2 6.88% $10,488
FIRST COMMUNITY MORTGAGE, INC. 2 6.94% $5,755
MEMBER FIRST MORTGAGE, LLC 2 6.56% $7,054
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.13% $4,069
VILLAGE CAPITAL MORTGAGE 1 5.25% $11,422
BM Real Estate Services, Inc. 1 6.50% $3,003
CARDINAL FINANCIAL 1 6.75% $5,498
Citizens Bank 1 7.63% $4,154
ELGA CREDIT UNION 1 7.63% $5,257
Equity Prime Mortgage LLC 1 6.75% $66
EQUITY RESOURCES, INC. 1 6.75% $7,692
EVERETT FINANCIAL, INC. 1 6.63% $10,804
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $816
First Merchants Bank 1 7.25% $3,718
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $14,332
GUARANTEED RATE AFFINITY, LLC 1 7.50% $2,994
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $9,644
HomePromise Corporation 1 8.13% $2,659
Independent Bank 1 6.00% $8,453
LAKE MICHIGAN CREDIT UNION 1 6.63% $0
LAKEVIEW LOAN SERVICING, LLC 1 6.25% $7,601
Magnolia Bank 1 5.99% $22,273
MICHIGAN MUTUAL, INC. 1 7.13% $4,689
Paramount Residential Mortgage Group, Inc. 1 6.75% $6,490
Plains Commerce Bank 1 7.25% $3,306
PLANET HOME LENDING, LLC 1 5.75% $15,637
Platinum Home Mortgage Corporation 1 6.75% $8,119
Prosperity Home Mortgage, LLC 1 6.63% $5,128
ROYAL UNITED MORTGAGE LLC 1 7.25% $7,310
SeaTrust Mortgage Company 1 6.75% $19,674
UNION HOME MORTGAGE CORP. 1 7.75% $6,727
University Bank 1 6.63% $2,859
U.S. Bank 1 6.50% $6,667
US MORTGAGE CORPORATION 1 7.25% $6,680
VAN DYK MORTGAGE CORPORATION 1 6.88% $3,213

The top Flint VA lender as defined by loan originations is Mortgage Research Center, LLC, with 68 VA loans originated. Their average total fees are $4,985, which is $2,877 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Flint VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,985), J. VIRGIL, INC. ($6,572), QUICKEN LOANS, LLC ($7,862), Preston Home Loans Inc ($8,710) and UNITED WHOLESALE MORTGAGE, LLC ($8,802).

The lowest rate Flint VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.11%), UNITED WHOLESALE MORTGAGE, LLC (6.59%), Preston Home Loans Inc (6.59%), J. VIRGIL, INC. (6.80%) and Mortgage Research Center, LLC (6.82%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Flint (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 $139,900 (16.7%) $192,303 (16.1%) 0.52 1,039
2018-02-01 $148,950 (19.3%) $197,785 (16.8%) 0.54 973
2018-03-01 $155,000 (24.1%) $204,875 (16.2%) 0.54 948
2018-04-01 $167,675 (29.1%) $215,845 (16.1%) 0.57 959
2018-05-01 $169,425 (21.1%) $218,269 (13.3%) 0.57 1,064
2018-06-01 $169,900 (15.0%) $214,097 (8.7%) 0.57 1,126
2018-07-01 $169,450 (13.0%) $211,966 (7.8%) 0.57 1,192
2018-08-01 $166,000 (10.7%) $209,472 (7.4%) 0.56 1,348
2018-09-01 $162,500 (8.4%) $207,226 (6.5%) 0.55 1,422
2018-10-01 $159,000 (1.6%) $201,804 (1.2%) 0.54 1,417
2018-11-01 $151,500 (1.1%) $196,307 (0.0%) 0.51 1,397
2018-12-01 $144,900 (3.6%) $190,240 (-0.4%) 0.50 1,329
2019-01-01 $144,600 (3.4%) $189,537 (-1.4%) 0.50 1,214
2019-02-01 $149,450 (0.3%) $193,158 (-2.3%) 0.50 1,109
2019-03-01 $156,393 (0.9%) $202,812 (-1.0%) 0.51 1,059
2019-04-01 $165,000 (-1.6%) $215,878 (0.0%) 0.52 1,020
2019-05-01 $179,900 (6.2%) $227,672 (4.3%) 0.56 1,046
2019-06-01 $179,900 (5.9%) $225,857 (5.5%) 0.56 1,186
2019-07-01 $182,298 (7.6%) $228,108 (7.6%) 0.57 1,252
2019-08-01 $180,809 (8.9%) $222,769 (6.4%) 0.57 1,292
2019-09-01 $174,673 (7.5%) $213,785 (3.2%) 0.56 1,357
2019-10-01 $169,573 (6.7%) $206,466 (2.3%) 0.55 1,405
2019-11-01 $169,900 (12.2%) $210,543 (7.3%) 0.56 1,297
2019-12-01 $165,370 (14.1%) $212,347 (11.6%) 0.55 1,198
2020-01-01 $165,947 (14.8%) $215,236 (13.6%) 0.55 1,086
2020-02-01 $169,000 (13.1%) $216,576 (12.1%) 0.55 1,006
2020-03-01 $179,900 (15.0%) $225,904 (11.4%) 0.56 946
2020-04-01 $182,870 (10.8%) $226,481 (4.9%) 0.57 877
2020-05-01 $189,850 (5.5%) $233,420 (2.5%) 0.58 871
2020-06-01 $197,375 (9.7%) $250,995 (11.1%) 0.58 762
2020-07-01 $199,900 (9.7%) $261,878 (14.8%) 0.58 690
2020-08-01 $209,900 (16.1%) $275,079 (23.5%) 0.60 668
2020-09-01 $204,988 (17.4%) $268,552 (25.6%) 0.59 650
2020-10-01 $199,900 (17.9%) $260,928 (26.4%) 0.57 626
2020-11-01 $199,900 (17.7%) $262,430 (24.6%) 0.58 570
2020-12-01 $189,950 (14.9%) $260,205 (22.5%) 0.56 526
2021-01-01 $179,900 (8.4%) $258,080 (19.9%) 0.54 470
2021-02-01 $175,000 (3.6%) $271,029 (25.1%) 0.51 406
2021-03-01 $179,900 (0.0%) $261,269 (15.7%) 0.51 427
2021-04-01 $179,900 (-1.6%) $260,140 (14.9%) 0.49 465
2021-05-01 $185,000 (-2.6%) $255,205 (9.3%) 0.49 506
2021-06-01 $192,500 (-2.5%) $257,043 (2.4%) 0.51 591
2021-07-01 $199,900 (0.0%) $269,783 (3.0%) 0.53 651
2021-08-01 $209,925 (0.0%) $264,262 (-3.9%) 0.56 735
2021-09-01 $189,800 (-7.4%) $248,279 (-7.6%) 0.51 765
2021-10-01 $189,900 (-5.0%) $252,047 (-3.4%) 0.51 789
2021-11-01 $176,450 (-11.7%) $245,392 (-6.5%) 0.47 734
2021-12-01 $174,900 (-7.9%) $244,614 (-6.0%) 0.47 656
2022-01-01 $172,400 (-4.2%) $241,668 (-6.4%) 0.47 597
2022-02-01 $175,963 (0.6%) $258,762 (-4.5%) 0.46 539
2022-03-01 $199,950 (11.2%) $262,465 (0.5%) 0.50 553
2022-04-01 $214,950 (19.5%) $267,178 (2.7%) 0.51 575
2022-05-01 $219,900 (18.9%) $276,155 (8.2%) 0.50 645
2022-06-01 $234,975 (22.1%) $287,652 (11.9%) 0.52 726
2022-07-01 $220,000 (10.1%) $275,275 (2.0%) 0.50 959
2022-08-01 $219,900 (4.8%) $266,990 (1.0%) 0.51 1,025
2022-09-01 $214,900 (13.2%) $266,044 (7.2%) 0.50 1,007
2022-10-01 $209,900 (10.5%) $259,385 (2.9%) 0.49 1,046
2022-11-01 $198,475 (12.5%) $251,224 (2.4%) 0.48 1,049
2022-12-01 $185,000 (5.8%) $244,001 (-0.3%) 0.46 947
2023-01-01 $181,950 (5.5%) $247,261 (2.3%) 0.45 821
2023-02-01 $189,338 (7.6%) $257,628 (-0.4%) 0.46 746
2023-03-01 $181,975 (-9.0%) $253,016 (-3.6%) 0.43 662
2023-04-01 $184,250 (-14.3%) $258,197 (-3.4%) 0.43 614
2023-05-01 $184,925 (-15.9%) $259,006 (-6.2%) 0.42 638
2023-06-01 $179,450 (-23.6%) $261,576 (-9.1%) 0.40 649
2023-07-01 $207,500 (-5.7%) $268,610 (-2.4%) 0.47 654
2023-08-01 $209,925 (-4.5%) $260,099 (-2.6%) 0.48 742
2023-09-01 $199,900 (-7.0%) $254,818 (-4.2%) 0.47 794
2023-10-01 $192,000 (-8.5%) $252,667 (-2.6%) 0.45 829
2023-11-01 $199,900 (0.7%) $254,377 (1.3%) 0.48 827
2023-12-01 $198,950 (7.5%) $249,611 (2.3%) 0.49 804
2024-01-01 $192,425 (5.8%) $251,190 (1.6%) 0.47 711
2024-02-01 $194,900 (2.9%) $255,432 (-0.9%) 0.47 648
2024-03-01 $189,997 (4.4%) $253,860 (0.3%) 0.45 635
2024-04-01 $202,500 (9.9%) $258,529 (0.1%) 0.47 645
2024-05-01 $199,950 (8.1%) $268,714 (3.8%) 0.45 716
2024-06-01 $199,900 (11.4%) $257,947 (-1.4%) 0.45 801
2024-07-01 $199,500 (-3.9%) $259,088 (-3.6%) 0.46 851
2024-08-01 $200,000 (-4.7%) $254,484 (-2.2%) 0.47 897
2024-09-01 $192,425 (-3.7%) $237,906 (-6.6%) 0.45 928
2024-10-01 $184,950 (-3.7%) $228,770 (-9.5%) 0.44 962
2024-11-01 $174,900 (-12.5%) $224,443 (-11.8%) 0.00 1,040
Flint's median listing price for 2024-11-01 was $174,900, a difference of $-25,000 (-12.5%) versus the prior year and $-10,050 versus the prior month.

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

Flint's average listing price for 2024-11-01 was $224,443, a difference of $-29,934 (-11.8%) versus the prior year and $-4,327 versus the prior month.

For the 2024-11-01 period, Flint had 1,040 MLS listings, a difference of 78 listings (8%) versus the prior month and 213 listings (26%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Flint (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 74 days 1,511 sqft
2018-02-01 68 days 1,551 sqft
2018-03-01 61 days 1,568 sqft
2018-04-01 48 days 1,615 sqft
2018-05-01 39 days 1,624 sqft
2018-06-01 38 days 1,602 sqft
2018-07-01 43 days 1,609 sqft
2018-08-01 40 days 1,607 sqft
2018-09-01 47 days 1,600 sqft
2018-10-01 51 days 1,587 sqft
2018-11-01 55 days 1,551 sqft
2018-12-01 62 days 1,504 sqft
2019-01-01 73 days 1,500 sqft
2019-02-01 69 days 1,500 sqft
2019-03-01 56 days 1,541 sqft
2019-04-01 46 days 1,576 sqft
2019-05-01 43 days 1,600 sqft
2019-06-01 38 days 1,614 sqft
2019-07-01 43 days 1,627 sqft
2019-08-01 46 days 1,613 sqft
2019-09-01 49 days 1,594 sqft
2019-10-01 51 days 1,570 sqft
2019-11-01 59 days 1,562 sqft
2019-12-01 67 days 1,580 sqft
2020-01-01 79 days 1,600 sqft
2020-02-01 73 days 1,600 sqft
2020-03-01 53 days 1,621 sqft
2020-04-01 67 days 1,623 sqft
2020-05-01 72 days 1,619 sqft
2020-06-01 40 days 1,676 sqft
2020-07-01 39 days 1,706 sqft
2020-08-01 33 days 1,766 sqft
2020-09-01 32 days 1,700 sqft
2020-10-01 31 days 1,691 sqft
2020-11-01 39 days 1,692 sqft
2020-12-01 45 days 1,603 sqft
2021-01-01 40 days 1,520 sqft
2021-02-01 34 days 1,455 sqft
2021-03-01 30 days 1,462 sqft
2021-04-01 25 days 1,462 sqft
2021-05-01 26 days 1,481 sqft
2021-06-01 26 days 1,500 sqft
2021-07-01 25 days 1,576 sqft
2021-08-01 29 days 1,494 sqft
2021-09-01 33 days 1,448 sqft
2021-10-01 36 days 1,478 sqft
2021-11-01 45 days 1,419 sqft
2021-12-01 51 days 1,422 sqft
2022-01-01 52 days 1,418 sqft
2022-02-01 41 days 1,435 sqft
2022-03-01 29 days 1,451 sqft
2022-04-01 32 days 1,451 sqft
2022-05-01 31 days 1,495 sqft
2022-06-01 31 days 1,537 sqft
2022-07-01 29 days 1,536 sqft
2022-08-01 39 days 1,546 sqft
2022-09-01 46 days 1,544 sqft
2022-10-01 45 days 1,516 sqft
2022-11-01 48 days 1,469 sqft
2022-12-01 59 days 1,420 sqft
2023-01-01 68 days 1,400 sqft
2023-02-01 65 days 1,428 sqft
2023-03-01 50 days 1,395 sqft
2023-04-01 40 days 1,400 sqft
2023-05-01 31 days 1,437 sqft
2023-06-01 33 days 1,406 sqft
2023-07-01 37 days 1,450 sqft
2023-08-01 35 days 1,450 sqft
2023-09-01 44 days 1,450 sqft
2023-10-01 43 days 1,425 sqft
2023-11-01 45 days 1,424 sqft
2023-12-01 53 days 1,376 sqft
2024-01-01 61 days 1,343 sqft
2024-02-01 59 days 1,340 sqft
2024-03-01 53 days 1,347 sqft
2024-04-01 46 days 1,421 sqft
2024-05-01 37 days 1,385 sqft
2024-06-01 39 days 1,389 sqft
2024-07-01 41 days 1,378 sqft
2024-08-01 43 days 1,400 sqft
2024-09-01 45 days 1,362 sqft
2024-10-01 48 days 1,347 sqft
2024-11-01 0 days 1,320 sqft
Flint's median listing age (time on market) for 2024-11-01 was 0 days. This is -100% shorter than the same period one year ago.

Flint's median square footage for active listings during the 2024-11-01 period was 1,320 sqft. One year prior, the average listing was 1,424 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.