Grand Junction VA Loan Rates, Closing Costs & Stats

GRAND JUNCTION, CO

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.

Grand Junction's 54 lenders originated 257 VA loans during 2023. The total origination value was $91,705,000, with an average VA loan value of $356,829.

Grand Junction VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Grand Junction averaged 6.61% for the week of 2024-07-05, compared to the national average (all VA variants) of 6.475% for the same period.

Grand Junction's average VA mortgage closing costs are $5,867.

The average rate for the prior week (2024-06-28) was 6.61% and one month ago for the week of 2024-05-31, the average rate was 7.03%.

The average rate one year ago was 6.88%.

For refis of the same type during the week of 2024-07-05, the average rate was 7.04%.

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

Grand Junction 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 Grand Junction level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 6.64% $9,412
Mortgage Research Center, LLC 26 6.73% $5,454
ACADEMY MORTGAGE CORPORATION 22 6.16% $5,757
UNITED WHOLESALE MORTGAGE, LLC 17 6.18% $8,940
QUICKEN LOANS, LLC 11 6.09% $9,058
GUILD MORTGAGE COMPANY 9 6.47% $10,603
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.73% $7,774
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.66% $9,559
Northpointe Bank 7 6.18% $7,341
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.59% $4,019
USAA Federal Savings Bank 6 6.52% $6,841
NAVY FEDERAL CREDIT UNION 6 5.92% $4,846
BROKER SOLUTIONS, INC. 6 6.46% $7,503
PLAZA HOME MORTGAGE, INC. 5 6.08% $10,498
CORNERSTONE HOME LENDING, INC. 4 6.72% $9,955
LOANDEPOT.COM, LLC 4 5.87% $7,182
VILLAGE CAPITAL MORTGAGE 3 5.75% $13,253
NEW DAY FINANCIAL, LLC 3 7.83% $16,333
CARDINAL FINANCIAL 2 6.94% $20,973
CMG MORTGAGE, INC. 2 6.38% $16,616
CROSSCOUNTRY MORTGAGE, LLC 2 6.94% $7,502
Equity Prime Mortgage LLC 2 6.94% $16,931
AMCAP MORTGAGE, LTD. 2 6.50% $12,192
PENNYMAC LOAN SERVICES, LLC 2 5.50% $8,589
Alpine Bank 2 5.94% $3,152
NEWREZ LLC 2 7.00% $12,406
GERSHMAN INVESTMENT CORP. 2 5.44% $9,556
Barrington Bank & Trust Company, N.A. 2 5.70% $5,953
HOMESTAR FINANCIAL CORPORATION 2 6.50% $6,161
FREEDOM MORTGAGE CORPORATION 2 6.50% $15,339
Ixonia Bank 2 6.50% $7,500
Wells Fargo Bank 1 6.25% $1,427
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $22,582
Bank of Colorado 1 5.63% $5,244
First Federal Bank 1 6.13% $13,303
Gateway First Bank 1 8.13% $15,099
GENEVA FINANCIAL, LLC 1 7.63% $12,003
GUARANTEED RATE AFFINITY, LLC 1 7.25% $4,677
INTERCAP LENDING INC. 1 6.88% $5,173
KELLER MORTGAGE, LLC 1 5.75% $3,343
LEADERONE FINANCIAL CORPORATION 1 5.88% $10,726
LOANPAL, LLC 1 5.25% $13,109
Magnolia Bank 1 5.63% $16,674
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.13% $8,540
MEMBER FIRST MORTGAGE, LLC 1 5.00% $8,520
MOUNTAIN AMERICA 1 6.25% $8,030
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $4,205
Plains Commerce Bank 1 6.63% $3,075
PLANET HOME LENDING, LLC 1 5.50% $19,548
S1L, Inc. 1 6.13% $3,405
SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $7,671
The Federal Savings Bank 1 6.13% $13,562
Towne Bank 1 6.25% $9,439
Town Square Mortgage & Investments, Inc. 1 6.25% $1,075

The top Grand Junction VA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 38 VA loans originated. Their average total fees are $9,412, which is $3,958 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Grand Junction VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,454), ACADEMY MORTGAGE CORPORATION ($5,757), UNITED WHOLESALE MORTGAGE, LLC ($8,940), QUICKEN LOANS, LLC ($9,058) and ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,412).

The lowest rate Grand Junction VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.09%), ACADEMY MORTGAGE CORPORATION (6.16%), UNITED WHOLESALE MORTGAGE, LLC (6.18%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.64%) and Mortgage Research Center, LLC (6.73%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Grand Junction (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 $277,197 (11.5%) $575,995 (75.0%) 1.03 691
2018-02-01 $275,000 (10.6%) $586,449 (77.3%) 1.00 685
2018-03-01 $282,000 (12.9%) $571,703 (71.0%) 0.99 744
2018-04-01 $284,725 (10.4%) $562,343 (59.4%) 0.97 803
2018-05-01 $288,075 (8.0%) $551,350 (55.0%) 0.96 843
2018-06-01 $295,250 (8.4%) $549,688 (7.6%) 0.98 901
2018-07-01 $291,510 (6.0%) $536,094 (4.6%) 0.97 957
2018-08-01 $284,950 (6.5%) $524,154 (-6.5%) 0.95 982
2018-09-01 $295,000 (9.3%) $536,326 (3.8%) 0.99 974
2018-10-01 $299,950 (10.5%) $540,892 (4.6%) 1.02 974
2018-11-01 $320,000 (16.4%) $602,435 (14.1%) 1.08 790
2018-12-01 $324,500 (17.6%) $424,246 (-22.0%) 1.12 727
2019-01-01 $317,225 (14.4%) $428,311 (-25.6%) 1.10 665
2019-02-01 $324,950 (18.2%) $431,605 (-26.4%) 1.10 665
2019-03-01 $336,857 (19.5%) $435,952 (-23.8%) 1.10 651
2019-04-01 $344,725 (21.1%) $441,566 (-21.5%) 1.09 670
2019-05-01 $352,450 (22.4%) $632,328 (14.7%) 1.10 725
2019-06-01 $347,825 (17.8%) $777,399 (41.4%) 1.09 817
2019-07-01 $350,000 (20.1%) $781,171 (45.7%) 1.10 831
2019-08-01 $351,909 (23.5%) $778,656 (48.6%) 1.11 827
2019-09-01 $354,773 (20.3%) $784,184 (46.2%) 1.14 815
2019-10-01 $357,600 (19.2%) $793,395 (46.7%) 1.15 803
2019-11-01 $359,900 (12.5%) $816,447 (35.5%) 1.18 751
2019-12-01 $357,450 (10.2%) $850,698 (100.5%) 1.19 682
2020-01-01 $364,675 (15.0%) $477,288 (11.4%) 1.22 604
2020-02-01 $376,500 (15.9%) $803,936 (86.3%) 1.23 563
2020-03-01 $391,225 (16.1%) $492,585 (13.0%) 1.23 570
2020-04-01 $389,000 (12.8%) $480,887 (8.9%) 1.22 603
2020-05-01 $399,514 (13.4%) $488,036 (-22.8%) 1.21 600
2020-06-01 $414,200 (19.1%) $516,267 (-33.6%) 1.22 545
2020-07-01 $424,925 (21.4%) $530,705 (-32.1%) 1.23 501
2020-08-01 $400,000 (13.7%) $530,344 (-31.9%) 1.15 452
2020-09-01 $391,925 (10.5%) $519,023 (-33.8%) 1.12 420
2020-10-01 $397,500 (11.2%) $530,928 (-33.1%) 1.14 413
2020-11-01 $410,975 (14.2%) $559,423 (-31.5%) 1.20 389
2020-12-01 $396,175 (10.8%) $568,000 (-33.2%) 1.18 360
2021-01-01 $415,000 (13.8%) $599,172 (25.5%) 1.24 266
2021-02-01 $459,950 (22.2%) $661,791 (-17.7%) 1.34 230
2021-03-01 $483,559 (23.6%) $647,809 (31.5%) 1.37 214
2021-04-01 $467,450 (20.2%) $668,201 (39.0%) 1.27 180
2021-05-01 $472,564 (18.3%) $659,670 (35.2%) 1.26 217
2021-06-01 $472,553 (14.1%) $641,255 (24.2%) 1.24 266
2021-07-01 $449,998 (5.9%) $615,353 (16.0%) 1.19 325
2021-08-01 $429,950 (7.5%) $582,561 (9.9%) 1.15 385
2021-09-01 $424,500 (8.3%) $561,139 (8.1%) 1.13 447
2021-10-01 $427,500 (7.6%) $551,682 (3.9%) 1.14 442
2021-11-01 $433,125 (5.4%) $564,210 (0.9%) 1.16 366
2021-12-01 $449,450 (13.5%) $578,327 (1.8%) 1.22 292
2022-01-01 $485,000 (16.9%) $618,022 (3.2%) 1.31 222
2022-02-01 $450,176 (-2.1%) $598,409 (-9.6%) 1.17 203
2022-03-01 $522,500 (8.1%) $642,526 (-0.8%) 1.31 231
2022-04-01 $498,500 (6.6%) $628,544 (-5.9%) 1.19 256
2022-05-01 $475,000 (0.5%) $600,768 (-8.9%) 1.09 353
2022-06-01 $477,250 (1.0%) $609,842 (-4.9%) 1.06 396
2022-07-01 $468,000 (4.0%) $597,907 (-2.8%) 1.05 488
2022-08-01 $482,000 (12.1%) $614,249 (5.4%) 1.11 545
2022-09-01 $480,457 (13.2%) $611,839 (9.0%) 1.12 562
2022-10-01 $471,250 (10.2%) $596,396 (8.1%) 1.11 597
2022-11-01 $467,599 (8.0%) $591,843 (4.9%) 1.12 582
2022-12-01 $475,000 (5.7%) $599,230 (3.6%) 1.17 526
2023-01-01 $490,000 (1.0%) $602,498 (-2.5%) 1.21 488
2023-02-01 $486,500 (8.1%) $608,017 (1.6%) 1.17 465
2023-03-01 $509,107 (-2.6%) $634,457 (-1.3%) 1.20 436
2023-04-01 $525,000 (5.3%) $658,670 (4.8%) 1.22 403
2023-05-01 $531,975 (12.0%) $680,948 (13.4%) 1.21 389
2023-06-01 $519,425 (8.8%) $670,366 (9.9%) 1.17 411
2023-07-01 $529,000 (13.0%) $661,244 (10.6%) 1.20 427
2023-08-01 $524,100 (8.7%) $640,276 (4.2%) 1.20 465
2023-09-01 $539,900 (12.4%) $653,140 (6.8%) 1.26 482
2023-10-01 $519,975 (10.3%) $639,572 (7.2%) 1.22 513
2023-11-01 $499,000 (6.7%) $627,104 (6.0%) 1.19 509
2023-12-01 $494,750 (4.2%) $635,757 (6.1%) 1.21 463
2024-01-01 $496,450 (1.3%) $642,910 (6.7%) 1.21 436
2024-02-01 $505,482 (3.9%) $644,364 (6.0%) 1.22 423
2024-03-01 $518,000 (1.8%) $650,335 (2.5%) 1.22 416
2024-04-01 $521,875 (-0.6%) $655,897 (-0.4%) 1.21 413
2024-05-01 $517,450 (-2.7%) $656,275 (-3.6%) 1.17 434
2024-06-01 $499,900 (-3.8%) $652,233 (-2.7%) 1.12 471
Grand Junction's median listing price for 2024-06-01 was $499,900, a difference of $-19,525 (-3.8%) versus the prior year and $-17,550 versus the prior month.

Grand Junction's median listing price comes in at 112% of the national average.

Grand Junction's average listing price for 2024-06-01 was $652,233, a difference of $-18,133 (-2.7%) versus the prior year and $-4,042 versus the prior month.

For the 2024-06-01 period, Grand Junction had 471 MLS listings, a difference of 37 listings (9%) versus the prior month and 60 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Grand Junction (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 1,762 sqft
2018-02-01 62 days 1,792 sqft
2018-03-01 46 days 1,792 sqft
2018-04-01 40 days 1,793 sqft
2018-05-01 40 days 1,797 sqft
2018-06-01 40 days 1,820 sqft
2018-07-01 43 days 1,811 sqft
2018-08-01 47 days 1,792 sqft
2018-09-01 53 days 1,817 sqft
2018-10-01 57 days 1,819 sqft
2018-11-01 60 days 1,949 sqft
2018-12-01 67 days 1,944 sqft
2019-01-01 75 days 1,887 sqft
2019-02-01 69 days 1,945 sqft
2019-03-01 57 days 1,943 sqft
2019-04-01 46 days 1,939 sqft
2019-05-01 43 days 1,983 sqft
2019-06-01 43 days 1,985 sqft
2019-07-01 52 days 2,001 sqft
2019-08-01 54 days 1,980 sqft
2019-09-01 57 days 1,962 sqft
2019-10-01 59 days 1,947 sqft
2019-11-01 64 days 1,945 sqft
2019-12-01 70 days 1,947 sqft
2020-01-01 75 days 1,962 sqft
2020-02-01 67 days 1,976 sqft
2020-03-01 45 days 2,047 sqft
2020-04-01 48 days 2,020 sqft
2020-05-01 54 days 2,000 sqft
2020-06-01 53 days 2,042 sqft
2020-07-01 51 days 2,106 sqft
2020-08-01 47 days 2,016 sqft
2020-09-01 41 days 1,930 sqft
2020-10-01 37 days 1,940 sqft
2020-11-01 46 days 1,944 sqft
2020-12-01 50 days 1,905 sqft
2021-01-01 61 days 1,929 sqft
2021-02-01 37 days 1,974 sqft
2021-03-01 32 days 1,966 sqft
2021-04-01 27 days 1,908 sqft
2021-05-01 15 days 1,876 sqft
2021-06-01 18 days 1,861 sqft
2021-07-01 23 days 1,822 sqft
2021-08-01 30 days 1,830 sqft
2021-09-01 32 days 1,837 sqft
2021-10-01 35 days 1,848 sqft
2021-11-01 45 days 1,836 sqft
2021-12-01 55 days 1,883 sqft
2022-01-01 58 days 1,950 sqft
2022-02-01 31 days 1,855 sqft
2022-03-01 22 days 1,933 sqft
2022-04-01 24 days 1,891 sqft
2022-05-01 23 days 1,877 sqft
2022-06-01 30 days 1,893 sqft
2022-07-01 30 days 1,847 sqft
2022-08-01 38 days 1,893 sqft
2022-09-01 44 days 1,891 sqft
2022-10-01 51 days 1,866 sqft
2022-11-01 61 days 1,866 sqft
2022-12-01 71 days 1,875 sqft
2023-01-01 73 days 1,896 sqft
2023-02-01 67 days 1,913 sqft
2023-03-01 64 days 1,943 sqft
2023-04-01 54 days 2,000 sqft
2023-05-01 47 days 2,000 sqft
2023-06-01 44 days 1,977 sqft
2023-07-01 46 days 1,939 sqft
2023-08-01 45 days 1,932 sqft
2023-09-01 47 days 1,934 sqft
2023-10-01 51 days 1,937 sqft
2023-11-01 57 days 1,851 sqft
2023-12-01 68 days 1,829 sqft
2024-01-01 74 days 1,830 sqft
2024-02-01 60 days 1,847 sqft
2024-03-01 50 days 1,854 sqft
2024-04-01 48 days 1,829 sqft
2024-05-01 46 days 1,846 sqft
2024-06-01 46 days 1,866 sqft
Grand Junction's median listing age (time on market) for 2024-06-01 was 46 days. This is 5% longer than the same period one year ago.

Grand Junction's median square footage for active listings during the 2024-06-01 period was 1,866 sqft. One year prior, the average listing was 1,977 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.