Gillette VA Loan Rates, Closing Costs & Stats

Gillette, WY

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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.

    Gillette's 28 lenders originated 79 VA loans during 2023. The total origination value was $23,455,000, with an average VA loan value of $296,899.

    Gillette VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Gillette averaged 6.99% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Gillette's average VA mortgage closing costs are $5,560.

    The average rate for the prior week (2024-04-12) was 6.92% and one month ago for the week of 2024-03-15, the average rate was 6.48%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Gillette 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 Gillette level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BAY EQUITY LLC 13 6.52% $4,697
    Mortgage Research Center, LLC 11 7.23% $5,428
    UNITED WHOLESALE MORTGAGE, LLC 5 6.46% $7,161
    QUICKEN LOANS, LLC 5 6.54% $17,549
    AXIA FINANCIAL, LLC 3 6.33% $8,046
    PENNYMAC LOAN SERVICES, LLC 3 5.92% $4,925
    Pinnacle Bank - Wyoming 3 6.79% $12,524
    Plains Commerce Bank 3 6.42% $14,748
    The Federal Savings Bank 3 6.38% $19,508
    USAA Federal Savings Bank 3 6.38% $4,829
    U.S. Bank 2 6.06% $3,775
    Unify Home Lending Inc. 2 7.31% $9,818
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.19% $2,180
    FREEDOM MORTGAGE CORPORATION 2 6.75% $12,890
    Gateway First Bank 2 7.19% $4,696
    LOANDEPOT.COM, LLC 2 6.06% $2,992
    NEW DAY FINANCIAL, LLC 1 7.50% $12,013
    NEWREZ LLC 1 7.75% $3,319
    Bank of Colorado 1 5.75% $10,002
    Barrington Bank & Trust Company, N.A. 1 6.75% $8,668
    Equity Prime Mortgage LLC 1 7.25% $1,395
    GUILD MORTGAGE COMPANY 1 7.63% $7,435
    GUARANTEED RATE, INC. 1 7.00% $4,199
    Magnolia Bank 1 7.25% $19,915
    Mid-Continent Funding, Inc. 1 6.25% $16,753
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $2,604
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $11,652
    NBKC BANK 1 6.25% $13,864

    The top Gillette VA lender as defined by loan originations is BAY EQUITY LLC, with 13 VA loans originated. Their average total fees are $4,697, which is $732 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Gillette VA lenders (with over 10 loans originated) are BAY EQUITY LLC ($4,697), Mortgage Research Center, LLC ($5,428), .

    The lowest rate Gillette VA lenders (with over 10 loans originated) are BAY EQUITY LLC (6.52%), Mortgage Research Center, LLC (7.23%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gillette (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 $199,900 (0.0%) $222,887 (-5.9%) 0.00 431
    2018-02-01 $199,900 (0.0%) $226,878 (-4.5%) 0.00 436
    2018-03-01 $199,900 (-1.3%) $228,238 (-6.3%) 0.00 438
    2018-04-01 $200,000 (-2.4%) $237,302 (-1.7%) 0.00 449
    2018-05-01 $209,175 (2.1%) $244,300 (1.8%) 0.00 457
    2018-06-01 $217,400 (6.1%) $249,105 (5.0%) 0.00 487
    2018-07-01 $219,900 (7.3%) $256,727 (8.1%) 0.00 487
    2018-08-01 $218,750 (6.5%) $254,749 (8.0%) 0.00 494
    2018-09-01 $214,900 (4.9%) $249,193 (7.0%) 0.00 472
    2018-10-01 $215,000 (7.6%) $250,945 (9.1%) 0.00 460
    2018-11-01 $214,950 (7.5%) $253,275 (10.8%) 0.00 439
    2018-12-01 $210,000 (5.1%) $251,705 (10.5%) 0.00 414
    2019-01-01 $209,975 (5.0%) $250,903 (12.6%) 0.00 396
    2019-02-01 $212,500 (6.3%) $253,395 (11.7%) 0.00 378
    2019-03-01 $212,500 (6.3%) $252,252 (10.5%) 0.00 374
    2019-04-01 $214,725 (7.4%) $252,473 (6.4%) 0.00 366
    2019-05-01 $220,000 (5.2%) $264,726 (8.4%) 0.00 345
    2019-06-01 $221,400 (1.8%) $264,623 (6.2%) 0.00 350
    2019-07-01 $219,000 (-0.4%) $264,257 (2.9%) 0.00 393
    2019-08-01 $217,500 (-0.6%) $261,963 (2.8%) 0.00 390
    2019-09-01 $215,250 (0.2%) $260,214 (4.4%) 0.00 386
    2019-10-01 $213,225 (-0.8%) $258,008 (2.8%) 0.00 381
    2019-11-01 $209,950 (-2.3%) $258,748 (2.2%) 0.00 330
    2019-12-01 $213,475 (1.7%) $260,376 (3.4%) 0.00 303
    2020-01-01 $213,950 (1.9%) $262,662 (4.7%) 0.00 283
    2020-02-01 $209,000 (-1.7%) $258,920 (2.2%) 0.00 261
    2020-03-01 $208,475 (-1.9%) $257,731 (2.2%) 0.00 272
    2020-04-01 $220,450 (2.7%) $271,052 (7.4%) 0.00 270
    2020-05-01 $225,000 (2.3%) $276,969 (4.6%) 0.00 286
    2020-06-01 $229,600 (3.7%) $286,462 (8.3%) 0.00 311
    2020-07-01 $225,000 (2.7%) $282,610 (7.0%) 0.00 297
    2020-08-01 $220,000 (1.2%) $283,366 (8.2%) 0.00 292
    2020-09-01 $225,000 (4.5%) $284,812 (9.5%) 0.00 293
    2020-10-01 $221,700 (4.0%) $289,979 (12.4%) 0.00 267
    2020-11-01 $222,400 (5.9%) $289,424 (11.9%) 0.00 248
    2020-12-01 $215,225 (0.8%) $285,137 (9.5%) 0.00 243
    2021-01-01 $214,950 (0.5%) $289,479 (10.2%) 0.00 221
    2021-02-01 $214,925 (2.8%) $269,636 (4.1%) 0.00 212
    2021-03-01 $219,975 (5.5%) $298,276 (15.7%) 0.00 202
    2021-04-01 $225,975 (2.5%) $306,990 (13.3%) 0.00 191
    2021-05-01 $223,450 (-0.7%) $308,039 (11.2%) 0.00 192
    2021-06-01 $231,475 (0.8%) $323,449 (12.9%) 0.00 201
    2021-07-01 $235,000 (4.4%) $330,606 (17.0%) 0.00 206
    2021-08-01 $251,150 (14.2%) $343,216 (21.1%) 0.00 201
    2021-09-01 $249,900 (11.1%) $338,627 (18.9%) 0.00 184
    2021-10-01 $249,900 (12.7%) $354,057 (22.1%) 0.00 148
    2021-11-01 $249,900 (12.4%) $373,443 (29.0%) 0.00 150
    2021-12-01 $256,150 (19.0%) $463,119 (62.4%) 0.00 135
    2022-01-01 $280,000 (30.3%) $521,474 (80.1%) 0.00 106
    2022-02-01 $301,175 (40.1%) $546,626 (102.7%) 0.00 104
    2022-03-01 $328,900 (49.5%) $555,099 (86.1%) 0.00 107
    2022-04-01 $339,000 (50.0%) $500,955 (63.2%) 0.00 111
    2022-05-01 $346,250 (55.0%) $512,593 (66.4%) 0.00 113
    2022-06-01 $337,500 (45.8%) $527,970 (63.2%) 0.00 128
    2022-07-01 $375,400 (59.7%) $520,572 (57.5%) 0.00 142
    2022-08-01 $366,425 (45.9%) $505,311 (47.2%) 0.00 159
    2022-09-01 $360,675 (44.3%) $500,339 (47.8%) 0.00 152
    2022-10-01 $375,000 (50.1%) $502,878 (42.0%) 0.00 142
    2022-11-01 $377,450 (51.0%) $478,948 (28.3%) 0.00 134
    2022-12-01 $357,450 (39.6%) $426,054 (-8.0%) 0.00 129
    2023-01-01 $359,675 (28.5%) $434,425 (-16.7%) 0.00 108
    2023-02-01 $377,900 (25.5%) $471,748 (-13.7%) 0.00 82
    2023-03-01 $373,900 (13.7%) $476,111 (-14.2%) 0.00 77
    2023-04-01 $380,000 (12.1%) $481,737 (-3.8%) 0.00 92
    2023-05-01 $408,700 (18.0%) $488,961 (-4.6%) 0.00 117
    2023-06-01 $399,900 (18.5%) $506,088 (-4.1%) 0.00 116
    2023-07-01 $399,700 (6.5%) $635,311 (22.0%) 0.00 142
    2023-08-01 $399,900 (9.1%) $618,733 (22.5%) 0.00 163
    2023-09-01 $399,950 (10.9%) $606,627 (21.2%) 0.00 164
    2023-10-01 $409,900 (9.3%) $618,261 (22.9%) 0.00 157
    2023-11-01 $406,725 (7.8%) $647,596 (35.2%) 0.00 157
    2023-12-01 $445,000 (24.5%) $688,376 (61.6%) 0.00 146
    2024-01-01 $435,000 (20.9%) $694,080 (59.8%) 0.00 136
    2024-02-01 $437,019 (15.6%) $695,459 (47.4%) 0.00 133
    2024-03-01 $435,000 (16.3%) $716,011 (50.4%) 0.00 134
    Gillette's median listing price for 2024-03-01 was $435,000, a difference of $61,100 (16.3%) versus the prior year and $-2,019 versus the prior month.

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

    Gillette's average listing price for 2024-03-01 was $716,011, a difference of $239,900 (50.4%) versus the prior year and $20,552 versus the prior month.

    For the 2024-03-01 period, Gillette had 134 MLS listings, a difference of 1 listings (1%) versus the prior month and 57 listings (74%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gillette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,030 sqft
    2018-02-01 0 days 2,050 sqft
    2018-03-01 0 days 2,064 sqft
    2018-04-01 0 days 2,075 sqft
    2018-05-01 0 days 2,120 sqft
    2018-06-01 0 days 2,128 sqft
    2018-07-01 0 days 2,188 sqft
    2018-08-01 0 days 2,173 sqft
    2018-09-01 0 days 2,140 sqft
    2018-10-01 0 days 2,172 sqft
    2018-11-01 0 days 2,132 sqft
    2018-12-01 0 days 2,064 sqft
    2019-01-01 0 days 2,059 sqft
    2019-02-01 0 days 2,058 sqft
    2019-03-01 0 days 2,064 sqft
    2019-04-01 0 days 2,104 sqft
    2019-05-01 0 days 2,176 sqft
    2019-06-01 0 days 2,172 sqft
    2019-07-01 0 days 2,213 sqft
    2019-08-01 0 days 2,195 sqft
    2019-09-01 0 days 2,180 sqft
    2019-10-01 0 days 2,171 sqft
    2019-11-01 0 days 2,178 sqft
    2019-12-01 0 days 2,144 sqft
    2020-01-01 0 days 2,172 sqft
    2020-02-01 0 days 2,067 sqft
    2020-03-01 0 days 2,057 sqft
    2020-04-01 0 days 2,230 sqft
    2020-05-01 0 days 2,258 sqft
    2020-06-01 0 days 2,284 sqft
    2020-07-01 0 days 2,248 sqft
    2020-08-01 0 days 2,256 sqft
    2020-09-01 0 days 2,243 sqft
    2020-10-01 0 days 2,260 sqft
    2020-11-01 0 days 2,125 sqft
    2020-12-01 0 days 2,108 sqft
    2021-01-01 0 days 2,112 sqft
    2021-02-01 0 days 2,112 sqft
    2021-03-01 0 days 2,146 sqft
    2021-04-01 0 days 2,132 sqft
    2021-05-01 0 days 2,089 sqft
    2021-06-01 0 days 2,246 sqft
    2021-07-01 0 days 2,280 sqft
    2021-08-01 0 days 2,265 sqft
    2021-09-01 0 days 2,194 sqft
    2021-10-01 0 days 2,128 sqft
    2021-11-01 0 days 2,128 sqft
    2021-12-01 0 days 2,132 sqft
    2022-01-01 0 days 2,283 sqft
    2022-02-01 0 days 2,285 sqft
    2022-03-01 0 days 2,354 sqft
    2022-04-01 0 days 2,299 sqft
    2022-05-01 0 days 2,390 sqft
    2022-06-01 0 days 2,430 sqft
    2022-07-01 0 days 2,431 sqft
    2022-08-01 0 days 2,429 sqft
    2022-09-01 0 days 2,434 sqft
    2022-10-01 0 days 2,618 sqft
    2022-11-01 0 days 2,708 sqft
    2022-12-01 0 days 2,584 sqft
    2023-01-01 0 days 2,615 sqft
    2023-02-01 0 days 2,741 sqft
    2023-03-01 0 days 2,685 sqft
    2023-04-01 0 days 2,540 sqft
    2023-05-01 0 days 2,540 sqft
    2023-06-01 0 days 2,539 sqft
    2023-07-01 0 days 2,504 sqft
    2023-08-01 0 days 2,401 sqft
    2023-09-01 0 days 2,300 sqft
    2023-10-01 0 days 2,346 sqft
    2023-11-01 0 days 2,398 sqft
    2023-12-01 0 days 2,394 sqft
    2024-01-01 0 days 2,363 sqft
    2024-02-01 0 days 2,350 sqft
    2024-03-01 0 days 2,354 sqft
    Gillette's median listing age (time on market) for 2024-03-01 was 0 days.

    Gillette's median square footage for active listings during the 2024-03-01 period was 2,354 sqft. One year prior, the average listing was 2,685 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.