Glens Falls VA Loan Rates, Closing Costs & Stats

GLENS FALLS, NY

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.

Glens Falls's 30 lenders originated 109 VA loans during 2022. The total origination value was $25,475,000, with an average VA loan value of $233,716.

Glens Falls VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Glens Falls averaged -0.44% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

Glens Falls's average VA mortgage closing costs are $5,276.

The average rate for the prior week (2023-11-17) was 6.6% and one month ago for the week of 2023-10-20, the average rate was 7.13%.

The average rate one year ago was 6.15%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.19%.

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

Glens Falls 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 Glens Falls level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 21 4.52% $7,506
Mortgage Research Center, LLC 17 4.81% $5,369
HOMESTEAD FUNDING CORP. 10 4.50% $4,138
UNITED WHOLESALE MORTGAGE, LLC 5 4.98% $8,829
Mr. Cooper ( Nationstar Mortgage ) 5 4.38% $4,718
NAVY FEDERAL CREDIT UNION 5 4.20% $9,282
FREEDOM MORTGAGE CORPORATION 4 4.66% $12,666
Barrington Bank & Trust Company, N.A. 3 5.25% $5,267
CALIBER HOME LOANS, INC. 3 4.13% $6,541
Evolve Bank & Trust 2 5.56% $8,981
GUARANTEED RATE AFFINITY, LLC 2 4.44% $6,801
Flagstar Bank, FSB 2 4.38% $8,303
The Federal Savings Bank 2 4.81% $16,867
NBKC BANK 1 5.38% $3,394
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $6,847
North American Savings Bank, F.S.B. 1 7.13% $19,685
PENTAGON FEDERAL CREDIT UNION 1 3.13% $2,724
PLAZA HOME MORTGAGE, INC. 1 5.13% $15,185
Premium Mortgage Corporation 1 4.13% $4,813
AMERICAN FINANCING CORPORATION 1 3.38% $7,465
ROYAL UNITED MORTGAGE LLC 1 6.25% $9,065
SIRVA MORTGAGE, INC. 1 4.63% $12,692
Carrington Mortgage Services, LLC 1 4.00% $3,375
CROSSCOUNTRY MORTGAGE, LLC 1 4.56% $13,949
First Savings Bank 1 5.50% $10,859
GUARANTEED RATE, INC. 1 3.68% $6,899
KeyBank 1 5.88% $3,126
LOANDEPOT.COM, LLC 1 4.99% $9,107
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.75% $6,849
1ST PRIORITY MORTGAGE, INC. 1 3.63% $9,366

The top Glens Falls VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 21 VA loans originated. Their average total fees are $7,506, which is $2,138 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Glens Falls VA lenders (with over 10 loans originated) are HOMESTEAD FUNDING CORP. ($4,138), Mortgage Research Center, LLC ($5,369), QUICKEN LOANS, LLC ($7,506), .

The lowest rate Glens Falls VA lenders (with over 10 loans originated) are HOMESTEAD FUNDING CORP. (4.50%), QUICKEN LOANS, LLC (4.52%), Mortgage Research Center, LLC (4.81%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Glens Falls (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 $229,000 (14.6%) $405,911 (10.8%) 0.00 987
2018-02-01 $233,950 (17.3%) $417,556 (11.6%) 0.00 974
2018-03-01 $234,900 (10.8%) $416,303 (10.0%) 0.00 957
2018-04-01 $239,450 (8.9%) $423,829 (9.9%) 0.00 977
2018-05-01 $247,475 (7.6%) $423,181 (5.7%) 0.00 1,057
2018-06-01 $249,000 (7.8%) $420,519 (1.5%) 0.00 1,145
2018-07-01 $248,625 (8.1%) $421,138 (0.0%) 0.00 1,127
2018-08-01 $249,950 (8.7%) $425,130 (1.2%) 0.00 1,141
2018-09-01 $249,900 (9.1%) $421,090 (2.4%) 0.00 1,128
2018-10-01 $249,475 (8.9%) $419,936 (3.2%) 0.00 1,077
2018-11-01 $241,850 (5.2%) $399,886 (-2.8%) 0.00 992
2018-12-01 $235,000 (2.2%) $398,182 (-2.9%) 0.00 935
2019-01-01 $235,225 (2.7%) $405,571 (-0.1%) 0.00 857
2019-02-01 $239,000 (2.2%) $411,420 (-1.5%) 0.00 810
2019-03-01 $243,671 (3.7%) $428,684 (3.0%) 0.00 840
2019-04-01 $249,450 (4.2%) $453,835 (7.1%) 0.00 894
2019-05-01 $252,450 (2.0%) $442,142 (4.5%) 0.00 884
2019-06-01 $259,900 (4.4%) $458,352 (9.0%) 0.00 985
2019-07-01 $259,347 (4.3%) $444,425 (5.5%) 0.00 1,030
2019-08-01 $259,245 (3.7%) $446,607 (5.1%) 0.00 1,040
2019-09-01 $259,614 (3.9%) $451,822 (7.3%) 0.00 1,038
2019-10-01 $254,909 (2.2%) $450,881 (7.4%) 0.00 1,027
2019-11-01 $257,000 (6.3%) $454,860 (13.8%) 0.00 886
2019-12-01 $249,900 (6.3%) $433,245 (8.8%) 0.00 817
2020-01-01 $249,900 (6.2%) $420,474 (3.7%) 0.00 743
2020-02-01 $247,950 (3.7%) $428,289 (4.1%) 0.00 705
2020-03-01 $249,250 (2.3%) $433,809 (1.2%) 0.00 687
2020-04-01 $249,450 (0.0%) $451,891 (-0.4%) 0.00 657
2020-05-01 $269,900 (6.9%) $483,109 (9.3%) 0.00 647
2020-06-01 $270,000 (3.9%) $491,279 (7.2%) 0.00 639
2020-07-01 $274,850 (6.0%) $496,632 (11.8%) 0.00 601
2020-08-01 $265,000 (2.2%) $481,324 (7.8%) 0.00 561
2020-09-01 $272,400 (4.9%) $488,107 (8.0%) 0.00 536
2020-10-01 $278,900 (9.4%) $497,489 (10.3%) 0.00 508
2020-11-01 $277,250 (7.9%) $533,242 (17.2%) 0.00 452
2020-12-01 $279,000 (11.6%) $562,232 (29.8%) 0.00 405
2021-01-01 $279,450 (11.8%) $576,498 (37.1%) 0.00 344
2021-02-01 $269,225 (8.6%) $602,440 (40.7%) 0.00 297
2021-03-01 $292,425 (17.3%) $621,905 (43.4%) 0.00 270
2021-04-01 $283,700 (13.7%) $640,329 (41.7%) 0.00 248
2021-05-01 $274,700 (1.8%) $594,918 (23.1%) 0.00 274
2021-06-01 $289,175 (7.1%) $626,647 (27.6%) 0.00 280
2021-07-01 $282,000 (2.6%) $561,392 (13.0%) 0.00 309
2021-08-01 $299,450 (13.0%) $560,508 (16.5%) 0.00 305
2021-09-01 $289,000 (6.1%) $528,485 (8.3%) 0.00 317
2021-10-01 $275,000 (-1.4%) $515,049 (3.5%) 0.00 313
2021-11-01 $275,000 (-0.8%) $499,626 (-6.3%) 0.00 289
2021-12-01 $268,750 (-3.7%) $492,800 (-12.4%) 0.00 243
2022-01-01 $259,000 (-7.3%) $508,051 (-11.9%) 0.00 212
2022-02-01 $267,000 (-0.8%) $541,024 (-10.2%) 0.00 205
2022-03-01 $295,000 (0.9%) $560,455 (-9.9%) 0.00 187
2022-04-01 $299,900 (5.7%) $539,240 (-15.8%) 0.00 201
2022-05-01 $298,000 (8.5%) $554,739 (-6.8%) 0.00 257
2022-06-01 $296,500 (2.5%) $543,245 (-13.3%) 0.00 293
2022-07-01 $299,000 (6.0%) $507,030 (-9.7%) 0.00 355
2022-08-01 $299,450 (0.0%) $547,286 (-2.4%) 0.00 355
2022-09-01 $299,900 (3.8%) $576,478 (9.1%) 0.00 354
2022-10-01 $299,900 (9.1%) $613,149 (19.1%) 0.00 347
2022-11-01 $299,900 (9.1%) $654,294 (31.0%) 0.00 338
2022-12-01 $299,900 (11.6%) $633,322 (28.5%) 0.00 310
2023-01-01 $292,225 (12.8%) $670,025 (31.9%) 0.00 257
2023-02-01 $302,500 (13.3%) $678,604 (25.4%) 0.00 231
2023-03-01 $302,750 (2.6%) $690,229 (23.2%) 0.00 201
2023-04-01 $299,950 (0.0%) $725,328 (34.5%) 0.00 180
2023-05-01 $335,725 (12.7%) $753,538 (35.8%) 0.00 186
2023-06-01 $313,700 (5.8%) $707,713 (30.3%) 0.00 228
2023-07-01 $336,900 (12.7%) $726,081 (43.2%) 0.00 238
2023-08-01 $349,900 (16.9%) $627,192 (14.6%) 0.00 269
2023-09-01 $349,900 (16.7%) $616,603 (7.0%) 0.00 274
2023-10-01 $349,975 (16.7%) $606,057 (-1.2%) 0.00 281
Glens Falls's median listing price for 2023-10-01 was $349,975, a difference of $50,075 (16.7%) versus the prior year and $75 versus the prior month.

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

Glens Falls's average listing price for 2023-10-01 was $606,057, a difference of $-7,092 (-1.2%) versus the prior year and $-10,546 versus the prior month.

For the 2023-10-01 period, Glens Falls had 281 MLS listings, a difference of 7 listings (3%) versus the prior month and -66 listings (-19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,758 sqft
2018-02-01 0 days 1,741 sqft
2018-03-01 0 days 1,753 sqft
2018-04-01 0 days 1,768 sqft
2018-05-01 0 days 1,776 sqft
2018-06-01 0 days 1,776 sqft
2018-07-01 0 days 1,773 sqft
2018-08-01 0 days 1,776 sqft
2018-09-01 0 days 1,776 sqft
2018-10-01 0 days 1,800 sqft
2018-11-01 0 days 1,792 sqft
2018-12-01 0 days 1,731 sqft
2019-01-01 0 days 1,730 sqft
2019-02-01 0 days 1,749 sqft
2019-03-01 0 days 1,755 sqft
2019-04-01 0 days 1,768 sqft
2019-05-01 0 days 1,656 sqft
2019-06-01 0 days 1,701 sqft
2019-07-01 0 days 1,707 sqft
2019-08-01 0 days 1,719 sqft
2019-09-01 0 days 1,729 sqft
2019-10-01 0 days 1,720 sqft
2019-11-01 0 days 1,740 sqft
2019-12-01 0 days 1,725 sqft
2020-01-01 0 days 1,736 sqft
2020-02-01 0 days 1,716 sqft
2020-03-01 0 days 1,696 sqft
2020-04-01 0 days 1,731 sqft
2020-05-01 0 days 1,758 sqft
2020-06-01 0 days 1,755 sqft
2020-07-01 0 days 1,763 sqft
2020-08-01 0 days 1,752 sqft
2020-09-01 0 days 1,759 sqft
2020-10-01 0 days 1,800 sqft
2020-11-01 0 days 1,823 sqft
2020-12-01 0 days 1,824 sqft
2021-01-01 0 days 1,874 sqft
2021-02-01 0 days 1,812 sqft
2021-03-01 0 days 1,823 sqft
2021-04-01 0 days 1,889 sqft
2021-05-01 0 days 1,800 sqft
2021-06-01 0 days 1,827 sqft
2021-07-01 0 days 1,761 sqft
2021-08-01 0 days 1,752 sqft
2021-09-01 0 days 1,681 sqft
2021-10-01 0 days 1,736 sqft
2021-11-01 0 days 1,728 sqft
2021-12-01 0 days 1,756 sqft
2022-01-01 0 days 1,880 sqft
2022-02-01 0 days 1,722 sqft
2022-03-01 0 days 1,743 sqft
2022-04-01 0 days 1,700 sqft
2022-05-01 0 days 1,596 sqft
2022-06-01 0 days 1,607 sqft
2022-07-01 0 days 1,568 sqft
2022-08-01 0 days 1,591 sqft
2022-09-01 0 days 1,622 sqft
2022-10-01 0 days 1,638 sqft
2022-11-01 0 days 1,643 sqft
2022-12-01 0 days 1,668 sqft
2023-01-01 0 days 1,640 sqft
2023-02-01 0 days 1,662 sqft
2023-03-01 0 days 1,678 sqft
2023-04-01 0 days 1,731 sqft
2023-05-01 0 days 1,741 sqft
2023-06-01 0 days 1,669 sqft
2023-07-01 0 days 1,680 sqft
2023-08-01 0 days 1,674 sqft
2023-09-01 0 days 1,683 sqft
2023-10-01 0 days 1,653 sqft
Glens Falls's median listing age (time on market) for 2023-10-01 was 0 days.

Glens Falls's median square footage for active listings during the 2023-10-01 period was 1,653 sqft. One year prior, the average listing was 1,638 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.