Fort Dodge VA Loan Rates, Closing Costs & Stats

Fort Dodge, IA

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.

Fort Dodge's 12 lenders originated 19 VA loans during 2023. The total origination value was $3,405,000, with an average VA loan value of $179,211.

Fort Dodge VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Fort Dodge averaged 0.02% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Fort Dodge's average VA mortgage closing costs are $4,034.

The average rate for the prior week (2024-11-22) was 6.58% and one month ago for the week of 2024-10-25, the average rate was 6.08%.

The average rate one year ago was 7.22%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

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

Fort Dodge 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 Fort Dodge level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GREENSTATE CREDIT UNION 3 5.67% $3,403
FRONTIER FINANCIAL, INC. 2 6.63% $7,526
QUICKEN LOANS, LLC 2 5.87% $4,651
Mortgage Research Center, LLC 2 7.50% $2,891
BROKER SOLUTIONS, INC. 2 7.00% $6,264
Servion, Inc. 1 6.00% $7,007
Barrington Bank & Trust Company, N.A. 1 6.63% $4,340
Wells Fargo Bank 1 6.25% $2,787
First Interstate Bank 1 5.88% $2,321
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $7,446
Paramount Residential Mortgage Group, Inc. 1 6.25% $12,495
RESIDENTIAL MORTGAGE NETWORK, INC. 1 5.25% $3,353

The top Fort Dodge VA lender as defined by loan originations is GREENSTATE CREDIT UNION, with 3 VA loans originated. Their average total fees are $3,403, which is $4,123 lower than the next largest lender, FRONTIER FINANCIAL, INC..

The lowest fee Fort Dodge VA lenders (with over 10 loans originated) are .

The lowest rate Fort Dodge VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fort Dodge (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 $104,250 (30.6%) $140,615 (16.7%) 0.00 147
2018-02-01 $109,850 (42.9%) $143,484 (23.3%) 0.00 139
2018-03-01 $114,900 (45.5%) $144,117 (22.2%) 0.00 135
2018-04-01 $122,475 (55.0%) $150,418 (18.5%) 0.00 151
2018-05-01 $123,200 (50.8%) $150,463 (16.3%) 0.00 148
2018-06-01 $115,000 (33.0%) $142,854 (13.4%) 0.00 164
2018-07-01 $104,975 (24.4%) $140,370 (11.5%) 0.00 170
2018-08-01 $109,550 (21.8%) $142,716 (3.5%) 0.00 181
2018-09-01 $108,900 (9.2%) $137,352 (-4.3%) 0.00 195
2018-10-01 $109,900 (5.0%) $138,401 (-3.2%) 0.00 188
2018-11-01 $109,950 (7.3%) $135,755 (-6.8%) 0.00 181
2018-12-01 $117,450 (17.6%) $135,622 (-1.8%) 0.00 171
2019-01-01 $121,650 (16.7%) $139,352 (-0.9%) 0.00 163
2019-02-01 $125,950 (14.7%) $142,427 (-0.7%) 0.00 139
2019-03-01 $123,900 (7.8%) $145,503 (1.0%) 0.00 129
2019-04-01 $119,900 (-2.1%) $144,206 (-4.1%) 0.00 138
2019-05-01 $122,200 (-0.8%) $150,387 (-0.1%) 0.00 146
2019-06-01 $119,500 (3.9%) $152,748 (6.9%) 0.00 152
2019-07-01 $118,850 (13.2%) $349,515 (149.0%) 0.00 158
2019-08-01 $117,555 (7.3%) $292,597 (105.0%) 0.00 162
2019-09-01 $115,836 (6.4%) $206,521 (50.4%) 0.00 162
2019-10-01 $117,391 (6.8%) $142,966 (3.3%) 0.00 161
2019-11-01 $114,000 (3.7%) $136,496 (0.6%) 0.00 151
2019-12-01 $116,975 (-0.4%) $138,387 (2.0%) 0.00 144
2020-01-01 $121,875 (0.2%) $143,755 (3.2%) 0.00 132
2020-02-01 $124,900 (-0.8%) $148,568 (4.3%) 0.00 132
2020-03-01 $132,000 (6.5%) $163,709 (12.5%) 0.00 133
2020-04-01 $138,325 (15.4%) $164,578 (14.1%) 0.00 127
2020-05-01 $149,900 (22.7%) $175,126 (16.5%) 0.00 115
2020-06-01 $141,700 (18.6%) $171,569 (12.3%) 0.00 113
2020-07-01 $152,450 (28.3%) $175,774 (-49.7%) 0.00 103
2020-08-01 $132,450 (12.7%) $172,545 (-41.0%) 0.00 100
2020-09-01 $132,950 (14.8%) $165,679 (-19.8%) 0.00 93
2020-10-01 $147,400 (25.6%) $172,671 (20.8%) 0.00 103
2020-11-01 $149,900 (31.5%) $178,530 (30.8%) 0.00 97
2020-12-01 $144,900 (23.9%) $179,819 (29.9%) 0.00 94
2021-01-01 $157,400 (29.2%) $197,105 (37.1%) 0.00 90
2021-02-01 $137,450 (10.1%) $193,529 (30.3%) 0.00 77
2021-03-01 $169,950 (28.8%) $201,172 (22.9%) 0.00 73
2021-04-01 $164,300 (18.8%) $186,074 (13.1%) 0.00 63
2021-05-01 $159,900 (6.7%) $188,878 (7.9%) 0.00 59
2021-06-01 $143,675 (1.4%) $187,548 (9.3%) 0.00 64
2021-07-01 $139,450 (-8.5%) $182,423 (3.8%) 0.00 65
2021-08-01 $131,500 (-0.7%) $179,373 (4.0%) 0.00 62
2021-09-01 $122,450 (-7.9%) $169,611 (2.4%) 0.00 69
2021-10-01 $136,000 (-7.7%) $173,833 (0.7%) 0.00 72
2021-11-01 $125,075 (-16.6%) $168,107 (-5.8%) 0.00 67
2021-12-01 $136,200 (-6.0%) $167,121 (-7.1%) 0.00 63
2022-01-01 $130,000 (-17.4%) $165,980 (-15.8%) 0.00 56
2022-02-01 $118,700 (-13.6%) $151,816 (-21.6%) 0.00 53
2022-03-01 $146,000 (-14.1%) $196,060 (-2.5%) 0.00 53
2022-04-01 $149,900 (-8.8%) $183,579 (-1.3%) 0.00 52
2022-05-01 $145,750 (-8.9%) $180,522 (-4.4%) 0.00 60
2022-06-01 $144,750 (0.8%) $183,900 (-2.0%) 0.00 67
2022-07-01 $139,000 (-0.3%) $165,792 (-9.1%) 0.00 85
2022-08-01 $146,250 (11.2%) $164,017 (-8.6%) 0.00 82
2022-09-01 $159,900 (30.6%) $179,675 (5.9%) 0.00 83
2022-10-01 $149,900 (10.2%) $171,441 (-1.4%) 0.00 85
2022-11-01 $149,900 (19.9%) $163,782 (-2.6%) 0.00 86
2022-12-01 $149,500 (9.8%) $155,956 (-6.7%) 0.00 74
2023-01-01 $149,550 (15.0%) $161,789 (-2.5%) 0.00 65
2023-02-01 $149,600 (26.0%) $202,238 (33.2%) 0.00 67
2023-03-01 $149,925 (2.7%) $198,404 (1.2%) 0.00 67
2023-04-01 $160,000 (6.7%) $228,270 (24.3%) 0.00 53
2023-05-01 $168,925 (15.9%) $221,160 (22.5%) 0.00 66
2023-06-01 $159,675 (10.3%) $222,028 (20.7%) 0.00 62
2023-07-01 $179,900 (29.4%) $218,249 (31.6%) 0.00 85
2023-08-01 $174,900 (19.6%) $184,422 (12.4%) 0.00 92
2023-09-01 $169,000 (5.7%) $184,071 (2.5%) 0.00 94
2023-10-01 $159,900 (6.7%) $176,747 (3.1%) 0.00 91
2023-11-01 $149,900 (0.0%) $177,071 (8.1%) 0.00 87
2023-12-01 $149,900 (0.3%) $171,374 (9.9%) 0.00 85
2024-01-01 $141,925 (-5.1%) $165,305 (2.2%) 0.00 81
2024-02-01 $145,000 (-3.1%) $175,168 (-13.4%) 0.00 84
2024-03-01 $151,200 (0.9%) $183,992 (-7.3%) 0.00 81
2024-04-01 $158,650 (-0.8%) $175,697 (-23.0%) 0.00 95
2024-05-01 $167,000 (-1.1%) $188,178 (-14.9%) 0.00 100
2024-06-01 $171,000 (7.1%) $198,909 (-10.4%) 0.00 108
2024-07-01 $159,675 (-11.2%) $191,264 (-12.4%) 0.00 105
2024-08-01 $165,000 (-5.7%) $198,415 (7.6%) 0.00 100
2024-09-01 $169,900 (0.5%) $202,778 (10.2%) 0.00 106
2024-10-01 $163,625 (2.3%) $205,650 (16.4%) 0.00 118
Fort Dodge's median listing price for 2024-10-01 was $163,625, a difference of $3,725 (2.3%) versus the prior year and $-6,275 versus the prior month.

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

Fort Dodge's average listing price for 2024-10-01 was $205,650, a difference of $28,903 (16.4%) versus the prior year and $2,872 versus the prior month.

For the 2024-10-01 period, Fort Dodge had 118 MLS listings, a difference of 12 listings (11%) versus the prior month and 27 listings (30%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,400 sqft
2018-02-01 0 days 1,383 sqft
2018-03-01 0 days 1,407 sqft
2018-04-01 0 days 1,471 sqft
2018-05-01 0 days 1,489 sqft
2018-06-01 0 days 1,493 sqft
2018-07-01 0 days 1,513 sqft
2018-08-01 0 days 1,521 sqft
2018-09-01 0 days 1,475 sqft
2018-10-01 0 days 1,492 sqft
2018-11-01 0 days 1,483 sqft
2018-12-01 0 days 1,470 sqft
2019-01-01 0 days 1,433 sqft
2019-02-01 0 days 1,461 sqft
2019-03-01 0 days 1,507 sqft
2019-04-01 0 days 1,552 sqft
2019-05-01 0 days 1,564 sqft
2019-06-01 0 days 1,622 sqft
2019-07-01 0 days 1,553 sqft
2019-08-01 0 days 1,537 sqft
2019-09-01 0 days 1,526 sqft
2019-10-01 0 days 1,525 sqft
2019-11-01 0 days 1,517 sqft
2019-12-01 0 days 1,481 sqft
2020-01-01 0 days 1,484 sqft
2020-02-01 0 days 1,488 sqft
2020-03-01 0 days 1,537 sqft
2020-04-01 0 days 1,544 sqft
2020-05-01 0 days 1,571 sqft
2020-06-01 0 days 1,582 sqft
2020-07-01 0 days 1,643 sqft
2020-08-01 0 days 1,593 sqft
2020-09-01 0 days 1,599 sqft
2020-10-01 0 days 1,602 sqft
2020-11-01 0 days 1,640 sqft
2020-12-01 0 days 1,641 sqft
2021-01-01 0 days 1,607 sqft
2021-02-01 0 days 1,582 sqft
2021-03-01 0 days 1,628 sqft
2021-04-01 0 days 1,566 sqft
2021-05-01 0 days 1,648 sqft
2021-06-01 0 days 1,651 sqft
2021-07-01 0 days 1,625 sqft
2021-08-01 0 days 1,639 sqft
2021-09-01 0 days 1,571 sqft
2021-10-01 0 days 1,564 sqft
2021-11-01 0 days 1,472 sqft
2021-12-01 0 days 1,458 sqft
2022-01-01 0 days 1,450 sqft
2022-02-01 0 days 1,445 sqft
2022-03-01 0 days 1,458 sqft
2022-04-01 0 days 1,692 sqft
2022-05-01 0 days 1,585 sqft
2022-06-01 0 days 1,448 sqft
2022-07-01 0 days 1,428 sqft
2022-08-01 0 days 1,427 sqft
2022-09-01 0 days 1,500 sqft
2022-10-01 0 days 1,498 sqft
2022-11-01 0 days 1,469 sqft
2022-12-01 0 days 1,519 sqft
2023-01-01 0 days 1,487 sqft
2023-02-01 0 days 1,506 sqft
2023-03-01 0 days 1,479 sqft
2023-04-01 0 days 1,476 sqft
2023-05-01 0 days 1,439 sqft
2023-06-01 0 days 1,439 sqft
2023-07-01 0 days 1,490 sqft
2023-08-01 0 days 1,474 sqft
2023-09-01 0 days 1,485 sqft
2023-10-01 0 days 1,452 sqft
2023-11-01 0 days 1,420 sqft
2023-12-01 0 days 1,296 sqft
2024-01-01 0 days 1,296 sqft
2024-02-01 0 days 1,351 sqft
2024-03-01 0 days 1,427 sqft
2024-04-01 0 days 1,420 sqft
2024-05-01 0 days 1,421 sqft
2024-06-01 0 days 1,416 sqft
2024-07-01 0 days 1,337 sqft
2024-08-01 0 days 1,482 sqft
2024-09-01 0 days 1,435 sqft
2024-10-01 0 days 1,416 sqft
Fort Dodge's median listing age (time on market) for 2024-10-01 was 0 days.

Fort Dodge's median square footage for active listings during the 2024-10-01 period was 1,416 sqft. One year prior, the average listing was 1,452 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.