Green Bay VA Loan Rates, Closing Costs & Stats

GREEN BAY, WI

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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.

    Green Bay's 59 lenders originated 255 VA loans during 2023. The total origination value was $73,645,000, with an average VA loan value of $288,804.

    Green Bay VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Green Bay averaged 6.74% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Green Bay's average VA mortgage closing costs are $4,565.

    The average rate for the prior week (2024-07-12) was 6.58% and one month ago for the week of 2024-06-14, the average rate was 6.64%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.42%.

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

    Green Bay 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 Green Bay level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 46 6.72% $6,658
    UNITED WHOLESALE MORTGAGE, LLC 27 6.41% $6,235
    QUICKEN LOANS, LLC 18 6.05% $11,996
    NAVY FEDERAL CREDIT UNION 15 5.80% $6,935
    GUARANTEED RATE, INC. 14 6.49% $3,638
    CROSSCOUNTRY MORTGAGE, LLC 8 7.09% $6,393
    Nations Lending Corporation 7 6.45% $6,580
    USAA Federal Savings Bank 6 6.54% $5,461
    Barrington Bank & Trust Company, N.A. 5 6.55% $6,892
    Flagstar Bank, FSB 5 6.45% $3,764
    FREEDOM MORTGAGE CORPORATION 5 6.60% $19,578
    GUILD MORTGAGE COMPANY 5 6.80% $10,512
    The Federal Savings Bank 4 6.06% $9,619
    PENNYMAC LOAN SERVICES, LLC 4 5.47% $5,974
    MOVEMENT MORTGAGE, LLC 4 6.72% $4,891
    NEW DAY FINANCIAL, LLC 4 7.46% $24,492
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.67% $10,463
    CARDINAL FINANCIAL 3 7.25% $10,873
    U.S. Bank 3 6.25% $3,102
    V.I.P. MORTGAGE, INC. 3 6.42% $6,513
    Mr. Cooper ( Nationstar Mortgage ) 3 5.83% $12,574
    BROKER SOLUTIONS, INC. 3 6.75% $6,318
    Wells Fargo Bank 2 5.81% $4,984
    Ameris Bank 2 6.44% $3,034
    Associated Bank 2 6.88% $1,408
    GSF Mortgage Corporation 2 7.06% $2,708
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.88% $5,180
    HOMESIDE FINANCIAL, LLC 2 7.00% $13,358
    LOANDEPOT.COM, LLC 2 6.49% $10,833
    LOANPAL, LLC 2 5.94% $14,186
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $17,415
    PENTAGON FEDERAL CREDIT UNION 2 5.00% $8,294
    VILLAGE CAPITAL MORTGAGE 2 7.06% $7,589
    MICHIGAN MUTUAL, INC. 1 6.63% $7,391
    Ixonia Bank 1 7.50% $2,565
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.75% $1,359
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,184
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $4,920
    CORNERSTONE HOME LENDING, INC. 1 7.50% $742
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $5,937
    CMG MORTGAGE, INC. 1 6.00% $9,926
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $7,137
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $3,590
    North American Savings Bank, F.S.B. 1 6.75% $3,235
    Century Mortgage Company DBA Century Lending Company 1 7.13% $2,601
    American Mortgage & Equity Consultants, Inc. 1 6.75% $8,236
    Plains Commerce Bank 1 5.88% $5,824
    PLAZA HOME MORTGAGE, INC. 1 7.25% $3,357
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $8,916
    Carrington Mortgage Services, LLC 1 5.50% $5,133
    Servion, Inc. 1 6.63% $3,841
    Sunflower Bank 1 6.99% $8,760
    CAPITAL Credit Union 1 6.38% $2,110
    Armed Forces Bank 1 7.13% $2,822
    JPMorgan Chase Bank 1 5.99% $1,667
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $15,975
    LEADERONE FINANCIAL CORPORATION 1 6.25% $7,246
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $11,129
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $5,292

    The top Green Bay VA lender as defined by loan originations is Mortgage Research Center, LLC, with 46 VA loans originated. Their average total fees are $6,658, which is $424 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Green Bay VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($3,638), UNITED WHOLESALE MORTGAGE, LLC ($6,235), Mortgage Research Center, LLC ($6,658), NAVY FEDERAL CREDIT UNION ($6,935) and QUICKEN LOANS, LLC ($11,996).

    The lowest rate Green Bay VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.80%), QUICKEN LOANS, LLC (6.05%), UNITED WHOLESALE MORTGAGE, LLC (6.41%), GUARANTEED RATE, INC. (6.49%) and Mortgage Research Center, LLC (6.72%).

    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.