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 24 lenders originated 94 VA loans during 2023. The total origination value was $23,890,000, with an average VA loan value of $254,149.
Glens Falls VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Glens Falls
averaged
5.95%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Glens Falls's average VA mortgage closing costs are $5,536.
The average rate for the prior week (2024-10-04) was
5.52% and
one month ago for the week of 2024-09-06, the
average rate was 5.71%.
The average rate one year ago was 6.98%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.85%.
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 Mortgage Research Center, LLC, with
15 VA loans originated. Their average total fees are
$7,485, which is $1,922
higher than the next largest lender,
HOMESTEAD FUNDING CORP..
The lowest fee Glens Falls VA lenders (with over 10 loans originated) are
HOMESTEAD FUNDING CORP. ($5,563), UNITED WHOLESALE MORTGAGE, LLC ($5,789), Mortgage Research Center, LLC ($7,485), .
The lowest rate Glens Falls VA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.68%), HOMESTEAD FUNDING CORP. (6.68%), Mortgage Research Center, LLC (6.97%), .
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%) | $406,313 (11.1%) | 0.00 | 987 |
2018-02-01 | $234,200 (17.4%) | $417,478 (11.7%) | 0.00 | 975 |
2018-03-01 | $234,900 (11.4%) | $415,878 (10.0%) | 0.00 | 960 |
2018-04-01 | $239,450 (8.9%) | $423,031 (9.7%) | 0.00 | 980 |
2018-05-01 | $246,700 (7.3%) | $422,541 (5.6%) | 0.00 | 1,060 |
2018-06-01 | $249,000 (7.6%) | $420,023 (1.4%) | 0.00 | 1,147 |
2018-07-01 | $248,475 (8.1%) | $420,452 (-0.1%) | 0.00 | 1,129 |
2018-08-01 | $249,925 (8.7%) | $424,436 (1.0%) | 0.00 | 1,144 |
2018-09-01 | $249,900 (9.1%) | $420,483 (2.3%) | 0.00 | 1,131 |
2018-10-01 | $249,300 (8.7%) | $419,158 (2.9%) | 0.00 | 1,080 |
2018-11-01 | $241,825 (5.2%) | $399,486 (-3.0%) | 0.00 | 996 |
2018-12-01 | $234,950 (2.2%) | $397,818 (-3.1%) | 0.00 | 938 |
2019-01-01 | $235,000 (2.6%) | $405,155 (-0.3%) | 0.00 | 860 |
2019-02-01 | $239,000 (2.1%) | $411,129 (-1.5%) | 0.00 | 812 |
2019-03-01 | $243,671 (3.7%) | $428,517 (3.0%) | 0.00 | 841 |
2019-04-01 | $249,450 (4.2%) | $453,835 (7.3%) | 0.00 | 894 |
2019-05-01 | $252,450 (2.3%) | $442,236 (4.7%) | 0.00 | 884 |
2019-06-01 | $259,900 (4.4%) | $457,560 (8.9%) | 0.00 | 987 |
2019-07-01 | $259,447 (4.4%) | $443,689 (5.5%) | 0.00 | 1,032 |
2019-08-01 | $259,245 (3.7%) | $445,866 (5.1%) | 0.00 | 1,042 |
2019-09-01 | $259,614 (3.9%) | $451,069 (7.3%) | 0.00 | 1,040 |
2019-10-01 | $254,909 (2.3%) | $450,131 (7.4%) | 0.00 | 1,029 |
2019-11-01 | $257,450 (6.5%) | $453,808 (13.6%) | 0.00 | 889 |
2019-12-01 | $249,900 (6.4%) | $432,070 (8.6%) | 0.00 | 820 |
2020-01-01 | $249,900 (6.3%) | $419,152 (3.5%) | 0.00 | 746 |
2020-02-01 | $247,950 (3.7%) | $427,479 (4.0%) | 0.00 | 707 |
2020-03-01 | $249,900 (2.6%) | $432,151 (0.9%) | 0.00 | 693 |
2020-04-01 | $249,600 (0.1%) | $450,413 (-0.8%) | 0.00 | 661 |
2020-05-01 | $270,900 (7.3%) | $482,256 (9.1%) | 0.00 | 651 |
2020-06-01 | $274,900 (5.8%) | $490,255 (7.2%) | 0.00 | 643 |
2020-07-01 | $276,950 (6.8%) | $495,966 (11.8%) | 0.00 | 605 |
2020-08-01 | $269,450 (3.9%) | $481,511 (8.0%) | 0.00 | 564 |
2020-09-01 | $275,000 (5.9%) | $486,254 (7.8%) | 0.00 | 541 |
2020-10-01 | $279,900 (9.8%) | $494,126 (9.8%) | 0.00 | 518 |
2020-11-01 | $279,625 (8.6%) | $528,361 (16.4%) | 0.00 | 464 |
2020-12-01 | $280,000 (12.0%) | $556,209 (28.7%) | 0.00 | 415 |
2021-01-01 | $289,900 (16.0%) | $571,168 (36.3%) | 0.00 | 355 |
2021-02-01 | $283,750 (14.4%) | $593,764 (38.9%) | 0.00 | 309 |
2021-03-01 | $299,250 (19.8%) | $607,954 (40.7%) | 0.00 | 285 |
2021-04-01 | $297,225 (19.1%) | $629,185 (39.7%) | 0.00 | 259 |
2021-05-01 | $275,000 (1.5%) | $584,969 (21.3%) | 0.00 | 280 |
2021-06-01 | $298,000 (8.4%) | $615,367 (25.5%) | 0.00 | 285 |
2021-07-01 | $299,000 (8.0%) | $545,946 (10.1%) | 0.00 | 327 |
2021-08-01 | $299,900 (11.3%) | $549,634 (14.2%) | 0.00 | 312 |
2021-09-01 | $289,000 (5.1%) | $524,574 (7.9%) | 0.00 | 315 |
2021-10-01 | $275,000 (-1.8%) | $512,321 (3.7%) | 0.00 | 310 |
2021-11-01 | $275,000 (-1.7%) | $495,920 (-6.1%) | 0.00 | 285 |
2021-12-01 | $269,200 (-3.9%) | $489,109 (-12.1%) | 0.00 | 239 |
2022-01-01 | $259,000 (-10.7%) | $508,738 (-10.9%) | 0.00 | 211 |
2022-02-01 | $264,500 (-6.8%) | $541,679 (-8.8%) | 0.00 | 205 |
2022-03-01 | $295,000 (-1.4%) | $559,162 (-8.0%) | 0.00 | 186 |
2022-04-01 | $299,450 (0.8%) | $539,240 (-14.3%) | 0.00 | 201 |
2022-05-01 | $298,000 (8.4%) | $551,723 (-5.7%) | 0.00 | 257 |
2022-06-01 | $294,450 (-1.2%) | $537,852 (-12.6%) | 0.00 | 293 |
2022-07-01 | $295,000 (-1.3%) | $506,465 (-7.2%) | 0.00 | 355 |
2022-08-01 | $299,675 (-0.1%) | $547,939 (-0.3%) | 0.00 | 354 |
2022-09-01 | $299,900 (3.8%) | $578,256 (10.2%) | 0.00 | 353 |
2022-10-01 | $299,900 (9.1%) | $613,149 (19.7%) | 0.00 | 347 |
2022-11-01 | $299,900 (9.1%) | $654,793 (32.0%) | 0.00 | 338 |
2022-12-01 | $299,900 (11.4%) | $633,962 (29.6%) | 0.00 | 310 |
2023-01-01 | $289,450 (11.8%) | $671,363 (32.0%) | 0.00 | 256 |
2023-02-01 | $302,500 (14.4%) | $678,604 (25.3%) | 0.00 | 231 |
2023-03-01 | $302,750 (2.6%) | $690,229 (23.4%) | 0.00 | 201 |
2023-04-01 | $299,950 (0.2%) | $725,328 (34.5%) | 0.00 | 180 |
2023-05-01 | $335,725 (12.7%) | $753,538 (36.6%) | 0.00 | 186 |
2023-06-01 | $314,450 (6.8%) | $711,551 (32.3%) | 0.00 | 226 |
2023-07-01 | $336,900 (14.2%) | $726,081 (43.4%) | 0.00 | 238 |
2023-08-01 | $349,900 (16.8%) | $627,192 (14.5%) | 0.00 | 269 |
2023-09-01 | $349,900 (16.7%) | $616,603 (6.6%) | 0.00 | 274 |
2023-10-01 | $349,975 (16.7%) | $606,057 (-1.2%) | 0.00 | 281 |
2023-11-01 | $349,450 (16.5%) | $630,001 (-3.8%) | 0.00 | 272 |
2023-12-01 | $345,000 (15.0%) | $612,156 (-3.4%) | 0.00 | 253 |
2024-01-01 | $338,925 (17.1%) | $622,448 (-7.3%) | 0.00 | 225 |
2024-02-01 | $334,950 (10.7%) | $684,447 (0.9%) | 0.00 | 217 |
2024-03-01 | $349,900 (15.6%) | $710,366 (2.9%) | 0.00 | 218 |
2024-04-01 | $363,950 (21.3%) | $727,879 (0.4%) | 0.00 | 232 |
2024-05-01 | $382,000 (13.8%) | $722,450 (-4.1%) | 0.00 | 260 |
2024-06-01 | $349,000 (11.0%) | $695,022 (-2.3%) | 0.00 | 296 |
2024-07-01 | $354,450 (5.2%) | $675,835 (-6.9%) | 0.00 | 341 |
2024-08-01 | $352,450 (0.7%) | $657,440 (4.8%) | 0.00 | 386 |
2024-09-01 | $354,950 (1.4%) | $639,424 (3.7%) | 0.00 | 403 |
Glens Falls's median listing price comes in at 0% of the national average.
Glens Falls's average listing price for 2024-09-01 was $639,424, a difference of $22,821 (3.7%) versus the prior year and $-18,016 versus the prior month.
For the 2024-09-01 period, Glens Falls had 403 MLS listings, a difference of 17 listings (4%) versus the prior month and 129 listings (47%) 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 | 1,762 sqft |
2018-02-01 | 0 days | 1,742 sqft |
2018-03-01 | 0 days | 1,749 sqft |
2018-04-01 | 0 days | 1,767 sqft |
2018-05-01 | 0 days | 1,776 sqft |
2018-06-01 | 0 days | 1,776 sqft |
2018-07-01 | 0 days | 1,772 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 | 1,706 sqft |
2019-08-01 | 0 days | 1,717 sqft |
2019-09-01 | 0 days | 1,728 sqft |
2019-10-01 | 0 days | 1,717 sqft |
2019-11-01 | 0 days | 1,738 sqft |
2019-12-01 | 0 days | 1,723 sqft |
2020-01-01 | 0 days | 1,736 sqft |
2020-02-01 | 0 days | 1,715 sqft |
2020-03-01 | 0 days | 1,700 sqft |
2020-04-01 | 0 days | 1,736 sqft |
2020-05-01 | 0 days | 1,760 sqft |
2020-06-01 | 0 days | 1,758 sqft |
2020-07-01 | 0 days | 1,769 sqft |
2020-08-01 | 0 days | 1,755 sqft |
2020-09-01 | 0 days | 1,768 sqft |
2020-10-01 | 0 days | 1,800 sqft |
2020-11-01 | 0 days | 1,847 sqft |
2020-12-01 | 0 days | 1,843 sqft |
2021-01-01 | 0 days | 1,888 sqft |
2021-02-01 | 0 days | 1,829 sqft |
2021-03-01 | 0 days | 1,831 sqft |
2021-04-01 | 0 days | 1,889 sqft |
2021-05-01 | 0 days | 1,800 sqft |
2021-06-01 | 0 days | 1,831 sqft |
2021-07-01 | 0 days | 1,761 sqft |
2021-08-01 | 0 days | 1,748 sqft |
2021-09-01 | 0 days | 1,671 sqft |
2021-10-01 | 0 days | 1,728 sqft |
2021-11-01 | 0 days | 1,728 sqft |
2021-12-01 | 0 days | 1,755 sqft |
2022-01-01 | 0 days | 1,888 sqft |
2022-02-01 | 0 days | 1,720 sqft |
2022-03-01 | 0 days | 1,742 sqft |
2022-04-01 | 0 days | 1,708 sqft |
2022-05-01 | 0 days | 1,592 sqft |
2022-06-01 | 0 days | 1,604 sqft |
2022-07-01 | 0 days | 1,574 sqft |
2022-08-01 | 0 days | 1,589 sqft |
2022-09-01 | 0 days | 1,619 sqft |
2022-10-01 | 0 days | 1,636 sqft |
2022-11-01 | 0 days | 1,642 sqft |
2022-12-01 | 0 days | 1,668 sqft |
2023-01-01 | 0 days | 1,638 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 |
2023-11-01 | 0 days | 1,658 sqft |
2023-12-01 | 0 days | 1,658 sqft |
2024-01-01 | 0 days | 1,655 sqft |
2024-02-01 | 0 days | 1,671 sqft |
2024-03-01 | 0 days | 1,639 sqft |
2024-04-01 | 0 days | 1,690 sqft |
2024-05-01 | 0 days | 1,749 sqft |
2024-06-01 | 0 days | 1,650 sqft |
2024-07-01 | 0 days | 1,719 sqft |
2024-08-01 | 0 days | 1,739 sqft |
2024-09-01 | 0 days | 1,729 sqft |
Glens Falls's median square footage for active listings during the 2024-09-01 period was 1,729 sqft. One year prior, the average listing was 1,683 sqft.