Gloversville VA Loan Rates, Closing Costs & Stats

Gloversville, NY

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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.

    Gloversville's 13 lenders originated 47 VA loans during 2023. The total origination value was $10,915,000, with an average VA loan value of $232,234.

    Gloversville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Gloversville averaged 6.55% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Gloversville's average VA mortgage closing costs are $5,819.

    The average rate for the prior week (2025-02-07) was 6.68% and one month ago for the week of 2025-01-10, the average rate was 6.62%.

    The average rate one year ago was 6.44%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

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

    Gloversville 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 Gloversville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.88% $5,837
    UNITED WHOLESALE MORTGAGE, LLC 10 6.37% $6,551
    QUICKEN LOANS, LLC 6 5.89% $9,511
    NAVY FEDERAL CREDIT UNION 5 5.68% $6,664
    HOMESTEAD FUNDING CORP. 4 6.31% $7,226
    Premium Mortgage Corporation 2 6.50% $14,570
    1ST PRIORITY MORTGAGE, INC. 1 6.00% $16,953
    USAA Federal Savings Bank 1 6.75% $11,525
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $3,710
    EMM LOANS LLC 1 7.50% $7,779
    M&T Bank 1 7.13% $6,929
    PLAZA HOME MORTGAGE, INC. 1 5.38% $10,641
    The Federal Savings Bank 1 6.25% $14,530

    The top Gloversville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $5,837, which is $714 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Gloversville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,837), UNITED WHOLESALE MORTGAGE, LLC ($6,551), .

    The lowest rate Gloversville VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.37%), Mortgage Research Center, LLC (6.88%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gloversville (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 $137,500 (13.4%) $184,448 (9.5%) 0.00 240
    2018-02-01 $138,375 (16.3%) $186,283 (12.8%) 0.00 224
    2018-03-01 $136,250 (18.5%) $189,633 (19.1%) 0.00 226
    2018-04-01 $138,225 (15.3%) $191,308 (14.6%) 0.00 232
    2018-05-01 $159,375 (25.2%) $205,129 (14.6%) 0.00 277
    2018-06-01 $159,900 (23.0%) $204,856 (14.6%) 0.00 301
    2018-07-01 $159,900 (15.0%) $202,292 (10.4%) 0.00 327
    2018-08-01 $167,400 (12.1%) $209,548 (7.6%) 0.00 316
    2018-09-01 $164,900 (10.3%) $200,046 (1.8%) 0.00 329
    2018-10-01 $163,850 (9.3%) $202,066 (3.6%) 0.00 316
    2018-11-01 $159,900 (7.0%) $198,611 (3.1%) 0.00 305
    2018-12-01 $149,900 (7.8%) $187,538 (2.0%) 0.00 279
    2019-01-01 $153,675 (11.8%) $186,545 (1.1%) 0.00 255
    2019-02-01 $144,950 (4.8%) $178,915 (-4.0%) 0.00 249
    2019-03-01 $150,086 (10.2%) $182,276 (-3.9%) 0.00 242
    2019-04-01 $158,450 (14.6%) $188,241 (-1.6%) 0.00 243
    2019-05-01 $169,200 (6.2%) $198,940 (-3.0%) 0.00 275
    2019-06-01 $174,900 (9.4%) $207,387 (1.2%) 0.00 298
    2019-07-01 $176,475 (10.4%) $208,585 (3.1%) 0.00 319
    2019-08-01 $169,609 (1.3%) $208,447 (-0.5%) 0.00 329
    2019-09-01 $158,523 (-3.9%) $204,911 (2.4%) 0.00 328
    2019-10-01 $149,450 (-8.8%) $199,684 (-1.2%) 0.00 320
    2019-11-01 $141,400 (-11.6%) $196,683 (-1.0%) 0.00 290
    2019-12-01 $143,600 (-4.2%) $198,884 (6.1%) 0.00 272
    2020-01-01 $142,450 (-7.3%) $198,365 (6.3%) 0.00 249
    2020-02-01 $139,450 (-3.8%) $196,171 (9.6%) 0.00 249
    2020-03-01 $157,450 (4.9%) $207,571 (13.9%) 0.00 223
    2020-04-01 $159,450 (0.6%) $210,873 (12.0%) 0.00 208
    2020-05-01 $169,000 (-0.1%) $212,728 (6.9%) 0.00 194
    2020-06-01 $178,450 (2.0%) $214,540 (3.5%) 0.00 173
    2020-07-01 $159,950 (-9.4%) $215,138 (3.1%) 0.00 175
    2020-08-01 $189,000 (11.4%) $231,164 (10.9%) 0.00 169
    2020-09-01 $187,425 (18.2%) $225,482 (10.0%) 0.00 170
    2020-10-01 $169,900 (13.7%) $221,127 (10.7%) 0.00 147
    2020-11-01 $159,225 (12.6%) $222,204 (13.0%) 0.00 146
    2020-12-01 $162,425 (13.1%) $220,570 (10.9%) 0.00 126
    2021-01-01 $149,900 (5.2%) $210,071 (5.9%) 0.00 104
    2021-02-01 $161,175 (15.6%) $228,058 (16.3%) 0.00 94
    2021-03-01 $149,900 (-4.8%) $226,783 (9.3%) 0.00 86
    2021-04-01 $174,950 (9.7%) $251,309 (19.2%) 0.00 91
    2021-05-01 $199,000 (17.8%) $262,877 (23.6%) 0.00 96
    2021-06-01 $200,000 (12.1%) $285,696 (33.2%) 0.00 116
    2021-07-01 $215,000 (34.4%) $298,235 (38.6%) 0.00 137
    2021-08-01 $219,900 (16.4%) $313,865 (35.8%) 0.00 146
    2021-09-01 $216,950 (15.8%) $313,177 (38.9%) 0.00 149
    2021-10-01 $205,000 (20.7%) $293,464 (32.7%) 0.00 145
    2021-11-01 $194,450 (22.1%) $271,457 (22.2%) 0.00 133
    2021-12-01 $189,000 (16.4%) $246,086 (11.6%) 0.00 119
    2022-01-01 $197,000 (31.4%) $246,148 (17.2%) 0.00 103
    2022-02-01 $209,450 (30.0%) $245,947 (7.8%) 0.00 82
    2022-03-01 $218,500 (45.8%) $262,642 (15.8%) 0.00 62
    2022-04-01 $215,000 (22.9%) $268,780 (7.0%) 0.00 67
    2022-05-01 $204,900 (3.0%) $279,794 (6.4%) 0.00 82
    2022-06-01 $202,100 (1.1%) $300,908 (5.3%) 0.00 110
    2022-07-01 $219,900 (2.3%) $304,813 (2.2%) 0.00 128
    2022-08-01 $221,900 (0.9%) $305,623 (-2.6%) 0.00 133
    2022-09-01 $203,700 (-6.1%) $289,718 (-7.5%) 0.00 148
    2022-10-01 $215,000 (4.9%) $288,040 (-1.9%) 0.00 136
    2022-11-01 $211,950 (9.0%) $279,075 (2.8%) 0.00 133
    2022-12-01 $199,900 (5.8%) $263,518 (7.1%) 0.00 114
    2023-01-01 $209,975 (6.6%) $268,254 (9.0%) 0.00 109
    2023-02-01 $213,750 (2.1%) $262,345 (6.7%) 0.00 107
    2023-03-01 $210,000 (-3.9%) $267,789 (2.0%) 0.00 94
    2023-04-01 $209,900 (-2.4%) $265,422 (-1.3%) 0.00 93
    2023-05-01 $227,450 (11.0%) $291,804 (4.3%) 0.00 102
    2023-06-01 $226,000 (11.8%) $279,410 (-7.1%) 0.00 109
    2023-07-01 $224,950 (2.3%) $271,153 (-11.0%) 0.00 135
    2023-08-01 $212,450 (-4.3%) $262,616 (-14.1%) 0.00 135
    2023-09-01 $225,000 (10.5%) $259,885 (-10.3%) 0.00 136
    2023-10-01 $203,050 (-5.6%) $243,995 (-15.3%) 0.00 129
    2023-11-01 $214,925 (1.4%) $238,942 (-14.4%) 0.00 132
    2023-12-01 $225,000 (12.6%) $252,242 (-4.3%) 0.00 117
    2024-01-01 $221,163 (5.3%) $235,839 (-12.1%) 0.00 105
    2024-02-01 $201,200 (-5.9%) $237,797 (-9.4%) 0.00 95
    2024-03-01 $200,000 (-4.8%) $251,932 (-5.9%) 0.00 89
    2024-04-01 $216,225 (3.0%) $276,811 (4.3%) 0.00 98
    2024-05-01 $227,750 (0.1%) $317,440 (8.8%) 0.00 105
    2024-06-01 $247,500 (9.5%) $277,147 (-0.8%) 0.00 132
    2024-07-01 $230,722 (2.6%) $268,218 (-1.1%) 0.00 142
    2024-08-01 $229,894 (8.2%) $268,026 (2.1%) 0.00 139
    2024-09-01 $233,697 (3.9%) $266,903 (2.7%) 0.00 136
    2024-10-01 $250,700 (23.5%) $297,856 (22.1%) 0.00 121
    2024-11-01 $249,900 (16.3%) $301,417 (26.2%) 0.00 117
    2024-12-01 $247,450 (10.0%) $295,092 (17.0%) 0.00 108
    2025-01-01 $247,400 (11.9%) $297,463 (26.1%) 0.00 91
    Gloversville's median listing price for 2025-01-01 was $247,400, a difference of $26,237 (11.9%) versus the prior year and $-50 versus the prior month.

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

    Gloversville's average listing price for 2025-01-01 was $297,463, a difference of $61,624 (26.1%) versus the prior year and $2,371 versus the prior month.

    For the 2025-01-01 period, Gloversville had 91 MLS listings, a difference of -17 listings (-16%) versus the prior month and -14 listings (-13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gloversville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,624 sqft
    2018-02-01 0 days 1,646 sqft
    2018-03-01 0 days 1,621 sqft
    2018-04-01 0 days 1,622 sqft
    2018-05-01 0 days 1,608 sqft
    2018-06-01 0 days 1,611 sqft
    2018-07-01 0 days 1,622 sqft
    2018-08-01 0 days 1,646 sqft
    2018-09-01 0 days 1,620 sqft
    2018-10-01 0 days 1,615 sqft
    2018-11-01 0 days 1,620 sqft
    2018-12-01 0 days 1,624 sqft
    2019-01-01 0 days 1,627 sqft
    2019-02-01 0 days 1,624 sqft
    2019-03-01 0 days 1,630 sqft
    2019-04-01 0 days 1,631 sqft
    2019-05-01 0 days 1,641 sqft
    2019-06-01 0 days 1,623 sqft
    2019-07-01 0 days 1,625 sqft
    2019-08-01 0 days 1,597 sqft
    2019-09-01 0 days 1,580 sqft
    2019-10-01 0 days 1,568 sqft
    2019-11-01 0 days 1,566 sqft
    2019-12-01 0 days 1,568 sqft
    2020-01-01 0 days 1,565 sqft
    2020-02-01 0 days 1,568 sqft
    2020-03-01 0 days 1,604 sqft
    2020-04-01 0 days 1,581 sqft
    2020-05-01 0 days 1,588 sqft
    2020-06-01 0 days 1,605 sqft
    2020-07-01 0 days 1,549 sqft
    2020-08-01 0 days 1,630 sqft
    2020-09-01 0 days 1,700 sqft
    2020-10-01 0 days 1,700 sqft
    2020-11-01 0 days 1,708 sqft
    2020-12-01 0 days 1,674 sqft
    2021-01-01 0 days 1,687 sqft
    2021-02-01 0 days 1,700 sqft
    2021-03-01 0 days 1,614 sqft
    2021-04-01 0 days 1,670 sqft
    2021-05-01 0 days 1,648 sqft
    2021-06-01 0 days 1,580 sqft
    2021-07-01 0 days 1,694 sqft
    2021-08-01 0 days 1,622 sqft
    2021-09-01 0 days 1,608 sqft
    2021-10-01 0 days 1,700 sqft
    2021-11-01 0 days 1,665 sqft
    2021-12-01 0 days 1,669 sqft
    2022-01-01 0 days 1,780 sqft
    2022-02-01 0 days 1,760 sqft
    2022-03-01 0 days 1,706 sqft
    2022-04-01 0 days 1,689 sqft
    2022-05-01 0 days 1,525 sqft
    2022-06-01 0 days 1,534 sqft
    2022-07-01 0 days 1,578 sqft
    2022-08-01 0 days 1,554 sqft
    2022-09-01 0 days 1,511 sqft
    2022-10-01 0 days 1,520 sqft
    2022-11-01 0 days 1,532 sqft
    2022-12-01 0 days 1,520 sqft
    2023-01-01 0 days 1,520 sqft
    2023-02-01 0 days 1,528 sqft
    2023-03-01 0 days 1,557 sqft
    2023-04-01 0 days 1,647 sqft
    2023-05-01 0 days 1,603 sqft
    2023-06-01 0 days 1,595 sqft
    2023-07-01 0 days 1,585 sqft
    2023-08-01 0 days 1,548 sqft
    2023-09-01 0 days 1,520 sqft
    2023-10-01 0 days 1,539 sqft
    2023-11-01 0 days 1,500 sqft
    2023-12-01 0 days 1,484 sqft
    2024-01-01 0 days 1,506 sqft
    2024-02-01 0 days 1,509 sqft
    2024-03-01 0 days 1,500 sqft
    2024-04-01 0 days 1,478 sqft
    2024-05-01 0 days 1,453 sqft
    2024-06-01 0 days 1,481 sqft
    2024-07-01 0 days 1,469 sqft
    2024-08-01 0 days 1,460 sqft
    2024-09-01 0 days 1,487 sqft
    2024-10-01 0 days 1,494 sqft
    2024-11-01 0 days 1,511 sqft
    2024-12-01 0 days 1,511 sqft
    2025-01-01 0 days 1,512 sqft
    Gloversville's median listing age (time on market) for 2025-01-01 was 0 days.

    Gloversville's median square footage for active listings during the 2025-01-01 period was 1,512 sqft. One year prior, the average listing was 1,506 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.