Grand Junction VA Loans

GRAND JUNCTION, CO

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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 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 105 lenders originated 1,227 VA loans during 2021. The total origination value was $360,775,000, with an average VA loan value of $294,030.

    Grand Junction VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Grand Junction averaged 5.6% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.31% and one month ago for the week of 2022-04-15, the average rate was 5.08%.

    The average rate one year ago was 3.27%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.05%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Grand Junction level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    BAY EQUITY LLC 95 2.91% $6,256
    FREEDOM MORTGAGE CORPORATION 76 2.38% $2,861
    ACADEMY MORTGAGE CORPORATION 72 2.75% $5,724
    QUICKEN LOANS, LLC 59 2.46% $5,136
    Mortgage Research Center, LLC 53 2.72% $4,716
    PENNYMAC LOAN SERVICES, LLC 51 2.33% $5,283
    AMCAP MORTGAGE, LTD. 48 2.90% $6,983
    LAKEVIEW LOAN SERVICING, LLC 45 2.45% $2,381
    UNITED WHOLESALE MORTGAGE, LLC 42 2.52% $4,680
    Northpointe Bank 35 2.56% $4,379
    VILLAGE CAPITAL & INVESTMENT LLC 34 2.25% $3,875
    CALIBER HOME LOANS, INC. 32 2.49% $4,548
    GUILD MORTGAGE COMPANY 30 2.76% $5,403
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 3.19% $5,784
    BROKER SOLUTIONS, INC. 23 2.76% $4,516
    NEW DAY FINANCIAL, LLC 22 2.90% $9,215
    Wells Fargo Bank 21 2.60% $4,221
    USAA Federal Savings Bank 20 2.86% $4,303
    LOANDEPOT.COM, LLC 19 2.47% $4,691
    PRIMARY RESIDENTIAL MORTGAGE, INC. 18 3.08% $8,535
    PLAZA HOME MORTGAGE, INC. 18 2.58% $5,334
    CHERRY CREEK MORTGAGE, LLC 16 2.83% $4,089
    CLEARPATH LENDING 15 2.24% $4,471
    HOME POINT FINANCIAL CORPORATION 13 2.62% $6,914
    NAVY FEDERAL CREDIT UNION 13 2.49% $4,977
    Mr. Cooper ( Nationstar Mortgage ) 13 2.77% $3,632
    NEWREZ LLC 13 2.60% $4,770
    The Federal Savings Bank 12 2.48% $6,810
    AMERICAN FINANCING CORPORATION 9 2.51% $5,354
    SUN WEST MORTGAGE COMPANY, INC. 8 2.25% $2,200
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 2.66% $5,001
    CROSSCOUNTRY MORTGAGE, LLC 6 2.87% $12,742
    Carrington Mortgage Services, LLC 6 3.31% $5,630
    UNIVERSAL LENDING CORPORATION 6 2.56% $6,761
    GERSHMAN INVESTMENT CORP. 5 2.55% $1,212
    Bank of Colorado 5 2.60% $3,189
    Low VA Rates, LLC 5 2.58% $4,980
    Lakeview Community Capital, LLC 4 2.31% $2,692
    PENTAGON FEDERAL CREDIT UNION 4 2.38% $2,594
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.41% $3,696
    ACCELERATE MORTGAGE, LLC 3 2.75% $12,268
    TJC Mortgage, Inc. 3 2.25% $3,521
    NETWORK CAPITAL FUNDING CORPORATION 3 2.79% $11,330
    MEGASTAR FINANCIAL CORP. 3 2.25% $2,471
    Barrington Bank & Trust Company, N.A. 3 3.21% $7,915
    Ent Credit Union 3 2.42% $3,059
    PLANET HOME LENDING, LLC 3 2.75% $2,198
    SOVEREIGN LENDING GROUP INCORPORATED 3 3.00% $3,248
    AMERICAN FINANCIAL NETWORK, INC. 3 2.25% $13,368
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.33% $2,892
    InterContinental Capital Group, Inc 3 2.29% $3,272
    NBKC BANK 3 2.25% $2,335
    North American Savings Bank, F.S.B. 2 2.38% $2,935
    Flanagan State Bank 2 3.13% $6,234
    NP, Inc. 2 2.25% $3,747
    PHH Mortgage Corporation 2 3.06% $4,170
    CORNERSTONE HOME LENDING, INC. 2 2.94% $1,949
    BNC National Bank 2 2.25% $1,232
    Bank of England 2 2.50% $3,053
    GUARANTEED RATE, INC. 2 2.50% $13,669
    KELLER MORTGAGE, LLC 2 2.56% $8,952
    Sunflower Bank 2 2.56% $4,037
    Magnolia Bank 2 2.25% $5,316
    Neighborhood Loans, Inc. 2 2.88% $2,297
    UNITED SECURITY FINANCIAL CORP 2 2.00% $6,327
    First Guaranty Mortgage Corporation 2 2.50% $11,058
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.63% $6,912
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 2.31% $2,880
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $3,971
    THRIVE MORTGAGE, LLC 1 2.75% $8,734
    UNION HOME MORTGAGE CORP. 1 2.25% $2,828
    United Fidelity Funding Corp. 1 3.00% $18,096
    AMERISAVE MORTGAGE CORPORATION 1 2.75% $13,937
    V.I.P. MORTGAGE, INC. 1 2.75% $4,057
    First Savings Bank 1 2.25% $7,422
    First Federal Bank of Kansas City 1 2.75% $8,137
    Glacier Bank 1 3.00% $9,065
    First Federal Bank 1 5.99% $12,204
    First Bank & Trust 1 3.13% $3,114
    HOMESIDE FINANCIAL, LLC 1 1.75% $10,770
    INTERLINC MORTGAGE SERVICES, LLC 1 3.00% $1,025
    Jonah Bank of Wyoming 1 2.25% $5,857
    LADERA LENDING, INC. 1 2.38% $8,349
    Fifth Third Bank 1 2.63% $7,916
    LENDUS, LLC 1 2.75% $3,175
    Loan Simple, Inc. 1 2.25% $17,311
    ZILLOW HOME LOANS, LLC 1 2.38% $14,948
    Meridian Bank Corporation 1 2.38% $8,549
    Mid-Continent Funding, Inc. 1 2.75% $3,776
    CONTOUR MORTGAGE CORPORATION 1 2.25% $6,774
    Commerce Home Mortgage, Inc. 1 2.25% $6,132
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $7,493
    NATIONS DIRECT MORTGAGE, LLC 1 3.25% $3,004
    Nations Lending Corporation 1 3.00% $14,206
    Colonial Savings, F.A. 1 2.75% $8,237
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.38% $4,400
    CHURCHILL MORTGAGE CORPORATION 1 2.25% $1,598
    Century Mortgage Company DBA Century Lending Company 1 2.75% $2,705
    Plains Commerce Bank 1 2.63% $10,840
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $16,897
    RUOFF MORTGAGE COMPANY, INC. 1 2.50% $2,605
    S1L, Inc. 1 2.99% $5,208
    SIWELL, INC. 1 2.25% $4,419
    SUMMIT FUNDING, INC. 1 3.13% $9,392
    Armed Forces Bank 1 2.75% $3,144

    The top Grand Junction VA lender as defined by loan originations is BAY EQUITY LLC, with 95 VA loans originated. Their average total fees are $6,256, which is $3,394 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Grand Junction VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,381), FREEDOM MORTGAGE CORPORATION ($2,861), Mr. Cooper ( Nationstar Mortgage ) ($3,632), VILLAGE CAPITAL & INVESTMENT LLC ($3,875) and CHERRY CREEK MORTGAGE, LLC ($4,089).

    The lowest rate Grand Junction VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.24%), VILLAGE CAPITAL & INVESTMENT LLC (2.25%), PENNYMAC LOAN SERVICES, LLC (2.33%), FREEDOM MORTGAGE CORPORATION (2.38%) and LAKEVIEW LOAN SERVICING, LLC (2.45%).

    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 $284,900 (14.2%) $558,162 (67.8%) 1.05 766
    2018-02-01 $281,000 (11.8%) $572,044 (69.4%) 1.01 748
    2018-03-01 $287,500 (15.1%) $558,919 (63.6%) 0.99 808
    2018-04-01 $289,900 (13.7%) $552,916 (54.6%) 0.97 858
    2018-05-01 $293,500 (8.7%) $545,627 (51.3%) 0.98 903
    2018-06-01 $299,000 (8.8%) $544,193 (8.2%) 1.00 956
    2018-07-01 $297,500 (8.2%) $528,884 (4.8%) 0.99 1,009
    2018-08-01 $292,000 (6.2%) $516,935 (-12.9%) 0.98 1,041
    2018-09-01 $299,000 (8.7%) $527,696 (4.0%) 1.00 1,032
    2018-10-01 $308,000 (11.4%) $535,086 (5.4%) 1.03 1,031
    2018-11-01 $322,900 (16.6%) $592,486 (14.0%) 1.08 840
    2018-12-01 $324,900 (16.1%) $431,551 (-18.6%) 1.11 769
    2019-01-01 $323,450 (13.5%) $432,915 (-22.4%) 1.12 699
    2019-02-01 $329,900 (17.4%) $434,668 (-24.0%) 1.11 695
    2019-03-01 $342,614 (19.2%) $440,879 (-21.1%) 1.12 689
    2019-04-01 $349,450 (20.5%) $447,929 (-19.0%) 1.10 713
    2019-05-01 $356,750 (21.6%) $623,751 (14.3%) 1.10 773
    2019-06-01 $345,000 (15.4%) $752,900 (38.4%) 1.06 878
    2019-07-01 $349,950 (17.6%) $751,041 (42.0%) 1.09 904
    2019-08-01 $349,943 (19.8%) $750,575 (45.2%) 1.10 888
    2019-09-01 $352,450 (17.9%) $758,607 (43.8%) 1.12 870
    2019-10-01 $356,500 (15.8%) $772,505 (44.4%) 1.14 852
    2019-11-01 $355,000 (9.9%) $790,686 (33.5%) 1.15 809
    2019-12-01 $357,250 (10.0%) $946,654 (119.4%) 1.19 730
    2020-01-01 $368,450 (13.9%) $762,269 (76.1%) 1.23 654
    2020-02-01 $380,000 (15.2%) $791,522 (82.1%) 1.23 603
    2020-03-01 $399,000 (16.5%) $508,133 (15.3%) 1.25 618
    2020-04-01 $395,450 (13.2%) $498,702 (11.3%) 1.23 651
    2020-05-01 $399,900 (12.1%) $508,206 (-18.5%) 1.21 646
    2020-06-01 $422,450 (22.5%) $533,184 (-29.2%) 1.23 583
    2020-07-01 $437,450 (25.0%) $552,378 (-26.5%) 1.25 544
    2020-08-01 $425,000 (21.5%) $555,805 (-26.0%) 1.21 484
    2020-09-01 $409,750 (16.3%) $546,804 (-27.9%) 1.17 452
    2020-10-01 $400,000 (12.2%) $554,481 (-28.2%) 1.14 452
    2020-11-01 $441,450 (24.4%) $613,106 (-22.5%) 1.26 429
    2020-12-01 $407,460 (14.1%) $612,270 (-35.3%) 1.19 407
    2021-01-01 $440,000 (19.4%) $657,451 (-13.8%) 1.29 309
    2021-02-01 $512,000 (34.7%) $722,545 (-8.7%) 1.47 257
    2021-03-01 $495,000 (24.1%) $695,367 (36.9%) 1.39 239
    2021-04-01 $516,950 (30.7%) $707,731 (41.9%) 1.39 200
    2021-05-01 $485,000 (21.3%) $682,095 (34.2%) 1.28 243
    2021-06-01 $492,000 (16.5%) $668,334 (25.4%) 1.28 288
    2021-07-01 $484,000 (10.6%) $642,197 (16.3%) 1.26 356
    2021-08-01 $440,500 (3.7%) $609,060 (9.6%) 1.16 423
    2021-09-01 $432,564 (5.6%) $581,945 (6.4%) 1.14 483
    2021-10-01 $439,900 (10.0%) $572,706 (3.3%) 1.16 490
    2021-11-01 $437,500 (-0.9%) $581,458 (-5.2%) 1.15 404
    2021-12-01 $454,995 (11.7%) $587,876 (-4.0%) 1.21 307
    2022-01-01 $489,900 (11.3%) $631,091 (-4.0%) 1.31 239
    2022-02-01 $454,950 (-11.1%) $597,609 (-17.3%) 1.16 219
    2022-03-01 $524,564 (6.0%) $641,232 (-7.8%) 1.30 247
    2022-04-01 $499,900 (-3.3%) $636,420 (-10.1%) 1.18 274
    Grand Junction's median listing price for 2022-04-01 was $499,900, a difference of $-17,050 (-3.3%) versus the prior year and $-24,664 versus the prior month.

    Grand Junction's median listing price comes in at 118% of the national average.

    Grand Junction's average listing price for 2022-04-01 was $636,420, a difference of $-71,311 (-10.1%) versus the prior year and $-4,812 versus the prior month.

    For the 2022-04-01 period, Grand Junction had 274 MLS listings, a difference of 27 listings (11%) versus the prior month and 74 listings (37%) 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 79 days 1,770 sqft
    2018-02-01 74 days 1,803 sqft
    2018-03-01 53 days 1,789 sqft
    2018-04-01 43 days 1,796 sqft
    2018-05-01 45 days 1,800 sqft
    2018-06-01 44 days 1,816 sqft
    2018-07-01 46 days 1,814 sqft
    2018-08-01 51 days 1,802 sqft
    2018-09-01 57 days 1,820 sqft
    2018-10-01 62 days 1,839 sqft
    2018-11-01 61 days 1,955 sqft
    2018-12-01 71 days 1,953 sqft
    2019-01-01 79 days 1,916 sqft
    2019-02-01 74 days 1,960 sqft
    2019-03-01 53 days 1,976 sqft
    2019-04-01 48 days 1,956 sqft
    2019-05-01 44 days 1,995 sqft
    2019-06-01 48 days 1,984 sqft
    2019-07-01 53 days 1,994 sqft
    2019-08-01 58 days 1,975 sqft
    2019-09-01 63 days 1,953 sqft
    2019-10-01 64 days 1,947 sqft
    2019-11-01 67 days 1,944 sqft
    2019-12-01 75 days 1,947 sqft
    2020-01-01 77 days 1,978 sqft
    2020-02-01 71 days 2,014 sqft
    2020-03-01 52 days 2,058 sqft
    2020-04-01 51 days 2,039 sqft
    2020-05-01 60 days 2,010 sqft
    2020-06-01 64 days 2,085 sqft
    2020-07-01 63 days 2,127 sqft
    2020-08-01 58 days 2,052 sqft
    2020-09-01 54 days 1,970 sqft
    2020-10-01 47 days 1,952 sqft
    2020-11-01 50 days 1,974 sqft
    2020-12-01 52 days 1,930 sqft
    2021-01-01 71 days 2,000 sqft
    2021-02-01 66 days 2,019 sqft
    2021-03-01 42 days 2,052 sqft
    2021-04-01 40 days 2,061 sqft
    2021-05-01 22 days 1,953 sqft
    2021-06-01 23 days 1,923 sqft
    2021-07-01 25 days 1,842 sqft
    2021-08-01 30 days 1,867 sqft
    2021-09-01 33 days 1,859 sqft
    2021-10-01 37 days 1,856 sqft
    2021-11-01 47 days 1,856 sqft
    2021-12-01 55 days 1,890 sqft
    2022-01-01 70 days 1,953 sqft
    2022-02-01 41 days 1,878 sqft
    2022-03-01 23 days 1,951 sqft
    2022-04-01 30 days 1,901 sqft
    Grand Junction's median listing age (time on market) for 2022-04-01 was 30 days. This is -24% shorter than the same period one year ago.

    Grand Junction's median square footage for active listings during the 2022-04-01 period was 1,901 sqft. One year prior, the average listing was 2,061 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.