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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.