Green Bay VA Loans

GREEN BAY, WI

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.

Green Bay's 81 lenders originated 859 VA loans during 2021. The total origination value was $199,045,000, with an average VA loan value of $231,717.

Green Bay VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Green Bay averaged 5.29% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.64% and one month ago for the week of 2022-07-01, the average rate was 5.86%.

The average rate one year ago was 3.04%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.31%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
UNITED WHOLESALE MORTGAGE, LLC 96 2.55% $3,360
Mortgage Research Center, LLC 92 2.88% $6,539
FREEDOM MORTGAGE CORPORATION 68 2.49% $2,350
QUICKEN LOANS, LLC 67 2.54% $4,927
GUARANTEED RATE, INC. 43 2.63% $3,926
PENNYMAC LOAN SERVICES, LLC 23 2.48% $3,960
Wells Fargo Bank 21 2.64% $3,400
NAVY FEDERAL CREDIT UNION 21 2.47% $4,580
INLANTA MORTGAGE, INC. 19 2.99% $4,996
Flagstar Bank, FSB 16 2.53% $6,361
USAA Federal Savings Bank 16 2.87% $3,960
FINANCE OF AMERICA MORTGAGE LLC 15 2.87% $3,683
NEW DAY FINANCIAL, LLC 15 2.79% $8,127
Associated Bank 12 2.77% $2,324
Waterstone Mortgage Corporation 12 3.33% $4,784
Mr. Cooper ( Nationstar Mortgage ) 12 2.84% $3,250
LAKEVIEW LOAN SERVICING, LLC 11 2.63% $1,888
LOANDEPOT.COM, LLC 10 2.69% $4,692
CLEARPATH LENDING 9 2.26% $3,797
TOWNE MORTGAGE COMPANY 9 2.92% $6,364
The Federal Savings Bank 7 2.54% $6,424
CALIBER HOME LOANS, INC. 7 2.32% $2,515
PARKSIDE LENDING, LLC 7 2.63% $4,166
CROSSCOUNTRY MORTGAGE, LLC 6 2.75% $10,223
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.12% $4,922
Carrington Mortgage Services, LLC 6 2.60% $4,391
Paramount Residential Mortgage Group, Inc. 6 3.31% $6,420
Low VA Rates, LLC 5 2.55% $3,992
U.S. Bank 5 2.80% $6,326
AMERICAN FINANCIAL NETWORK, INC. 5 3.00% $9,973
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.55% $3,252
PLANET HOME LENDING, LLC 4 2.72% $1,889
SOVEREIGN LENDING GROUP INCORPORATED 4 2.63% $7,212
VILLAGE CAPITAL & INVESTMENT LLC 3 2.42% $3,442
EVERETT FINANCIAL, INC. 3 3.46% $2,925
First Guaranty Mortgage Corporation 3 2.71% $2,362
EMBRACE HOME LOANS, INC. 3 2.25% $2,452
AMERISAVE MORTGAGE CORPORATION 3 2.58% $9,502
Citizens Bank 3 2.92% $2,958
HOMESTEAD FUNDING CORP. 3 2.29% $1,519
Barrington Bank & Trust Company, N.A. 3 2.54% $1,607
PLAZA HOME MORTGAGE, INC. 2 2.62% $1,633
BROKER SOLUTIONS, INC. 2 2.81% $6,037
CHERRY CREEK MORTGAGE, LLC 2 2.69% $648
HOME POINT FINANCIAL CORPORATION 2 2.56% $2,277
Magnolia Bank 2 2.50% $3,220
NEWREZ LLC 2 3.12% $7,756
North American Savings Bank, F.S.B. 2 2.75% $12,525
North Shore Bank FSB 2 2.56% $9,030
PENTAGON FEDERAL CREDIT UNION 2 2.25% $5,134
SUCCESS MORTGAGE PARTNERS, INC. 2 3.13% $6,760
American Mortgage Bank, LLC 1 3.25% $5,290
AMERICAN FINANCING CORPORATION 1 3.25% $5,695
InterContinental Capital Group, Inc 1 3.13% $9,474
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $2,505
GSF Mortgage Corporation 1 2.25% $3,715
West Town Bank & Trust 1 2.75% $15,829
Peoples National Bank , N.A. 1 2.38% $1,350
Plains Commerce Bank 1 2.63% $15,574
Florida Capital Bank 1 2.38% $2,723
ACADEMY MORTGAGE CORPORATION 1 3.25% $2,302
Prosperity Home Mortgage, LLC 1 2.63% $7,832
FirstBank 1 2.88% $375
ENVOY MORTGAGE, LTD 1 2.88% $7,210
STEARNS LENDING, LLC 1 3.75% $1,752
Wolfe Financial, Inc 1 3.63% $6,487
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $3,959
The Equitable Bank, S.S.B. 1 2.25% $1,640
CELEBRITY HOME LOANS, LLC 1 2.75% $3,252
TIAA, FSB 1 2.75% $2,229
BNC National Bank 1 2.25% $2,249
UNITED SECURITY FINANCIAL CORP 1 2.38% $5,039
BAY EQUITY LLC 1 2.88% $6,689
Bank Five Nine 1 3.25% $2,683
Bank First, N.A. 1 2.38% $2,573
VAN DYK MORTGAGE CORPORATION 1 2.50% $2,276
Mid-Continent Funding, Inc. 1 3.25% $2,245
MICHIGAN MUTUAL, INC. 1 4.25% $4,215
NBKC BANK 1 2.75% $5,465
KS StateBank 1 2.25% $2,246
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.63% $2,123

The top Green Bay VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 96 VA loans originated. Their average total fees are $3,360, which is $3,179 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Green Bay VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($1,888), Associated Bank ($2,324), FREEDOM MORTGAGE CORPORATION ($2,350), Mr. Cooper ( Nationstar Mortgage ) ($3,250) and UNITED WHOLESALE MORTGAGE, LLC ($3,360).

The lowest rate Green Bay VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (2.47%), PENNYMAC LOAN SERVICES, LLC (2.48%), FREEDOM MORTGAGE CORPORATION (2.49%), Flagstar Bank, FSB (2.53%) and QUICKEN LOANS, LLC (2.54%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Green Bay (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 $219,900 (20.6%) $270,314 (17.1%) 0.81 1,136
2018-02-01 $219,400 (17.4%) $268,501 (13.3%) 0.79 1,148
2018-03-01 $219,900 (15.8%) $267,700 (11.2%) 0.76 1,163
2018-04-01 $256,950 (35.3%) $308,025 (29.0%) 0.86 799
2018-05-01 $259,900 (30.7%) $308,039 (28.1%) 0.87 837
2018-06-01 $249,900 (25.0%) $300,484 (24.8%) 0.83 934
2018-07-01 $249,900 (25.0%) $300,330 (26.6%) 0.83 989
2018-08-01 $244,950 (24.7%) $291,549 (21.3%) 0.82 1,073
2018-09-01 $239,900 (23.1%) $288,818 (18.8%) 0.80 1,100
2018-10-01 $237,950 (19.3%) $282,355 (15.6%) 0.80 1,057
2018-11-01 $232,700 (16.4%) $279,267 (11.1%) 0.78 1,013
2018-12-01 $234,900 (12.4%) $282,962 (8.9%) 0.80 924
2019-01-01 $244,450 (11.2%) $281,136 (4.0%) 0.84 818
2019-02-01 $249,950 (13.9%) $294,061 (9.5%) 0.84 757
2019-03-01 $256,386 (16.6%) $302,470 (13.0%) 0.84 745
2019-04-01 $261,336 (1.7%) $306,587 (-0.5%) 0.82 753
2019-05-01 $268,450 (3.3%) $310,202 (0.7%) 0.83 818
2019-06-01 $264,900 (6.0%) $306,224 (1.9%) 0.82 917
2019-07-01 $259,900 (4.0%) $294,233 (-2.0%) 0.81 995
2019-08-01 $255,100 (4.1%) $289,120 (-0.8%) 0.80 1,011
2019-09-01 $249,900 (4.2%) $288,674 (-0.1%) 0.79 1,012
2019-10-01 $252,400 (6.1%) $295,369 (4.6%) 0.81 966
2019-11-01 $264,900 (13.8%) $303,028 (8.5%) 0.85 835
2019-12-01 $269,450 (14.7%) $313,300 (10.7%) 0.90 781
2020-01-01 $274,500 (12.3%) $325,140 (15.7%) 0.92 703
2020-02-01 $276,900 (10.8%) $328,046 (11.6%) 0.89 678
2020-03-01 $283,900 (10.7%) $332,547 (9.9%) 0.89 700
2020-04-01 $282,400 (8.1%) $337,511 (10.1%) 0.88 690
2020-05-01 $297,000 (10.6%) $354,919 (14.4%) 0.90 638
2020-06-01 $297,000 (12.1%) $349,373 (14.1%) 0.87 617
2020-07-01 $296,950 (14.3%) $354,282 (20.4%) 0.85 567
2020-08-01 $289,900 (13.6%) $350,683 (21.3%) 0.83 541
2020-09-01 $272,400 (9.0%) $341,304 (18.2%) 0.78 521
2020-10-01 $277,900 (10.1%) $348,745 (18.1%) 0.79 495
2020-11-01 $274,900 (3.8%) $354,127 (16.9%) 0.79 468
2020-12-01 $275,200 (2.1%) $354,111 (13.0%) 0.81 413
2021-01-01 $279,900 (2.0%) $359,373 (10.5%) 0.82 343
2021-02-01 $292,400 (5.6%) $384,309 (17.2%) 0.84 298
2021-03-01 $309,950 (9.2%) $400,661 (20.5%) 0.87 285
2021-04-01 $297,400 (5.3%) $394,967 (17.0%) 0.80 290
2021-05-01 $299,900 (1.0%) $392,430 (10.6%) 0.79 302
2021-06-01 $304,950 (2.7%) $379,425 (8.6%) 0.79 345
2021-07-01 $318,400 (7.2%) $388,153 (9.6%) 0.83 395
2021-08-01 $321,250 (10.8%) $395,803 (12.9%) 0.84 418
2021-09-01 $309,900 (13.8%) $377,745 (10.7%) 0.82 446
2021-10-01 $319,900 (15.1%) $372,676 (6.9%) 0.84 447
2021-11-01 $326,900 (18.9%) $392,195 (10.8%) 0.86 362
2021-12-01 $337,400 (22.6%) $412,403 (16.5%) 0.90 318
2022-01-01 $334,900 (19.7%) $428,982 (19.4%) 0.89 267
2022-02-01 $345,900 (18.3%) $446,788 (16.3%) 0.88 240
2022-03-01 $349,900 (12.9%) $451,561 (12.7%) 0.86 245
2022-04-01 $384,900 (29.4%) $464,187 (17.5%) 0.91 324
2022-05-01 $384,950 (28.4%) $458,194 (16.8%) 0.86 373
2022-06-01 $397,000 (30.2%) $465,786 (22.8%) 0.88 454
Green Bay's median listing price for 2022-06-01 was $397,000, a difference of $92,050 (30.2%) versus the prior year and $12,050 versus the prior month.

Green Bay's median listing price comes in at 88% of the national average.

Green Bay's average listing price for 2022-06-01 was $465,786, a difference of $86,361 (22.8%) versus the prior year and $7,592 versus the prior month.

For the 2022-06-01 period, Green Bay had 454 MLS listings, a difference of 81 listings (22%) versus the prior month and 109 listings (32%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Green Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 102 days 1,791 sqft
2018-02-01 102 days 1,787 sqft
2018-03-01 74 days 1,827 sqft
2018-04-01 65 days 1,852 sqft
2018-05-01 59 days 1,864 sqft
2018-06-01 53 days 1,868 sqft
2018-07-01 56 days 1,871 sqft
2018-08-01 60 days 1,869 sqft
2018-09-01 67 days 1,850 sqft
2018-10-01 69 days 1,821 sqft
2018-11-01 77 days 1,815 sqft
2018-12-01 92 days 1,801 sqft
2019-01-01 97 days 1,812 sqft
2019-02-01 100 days 1,845 sqft
2019-03-01 91 days 1,829 sqft
2019-04-01 72 days 1,812 sqft
2019-05-01 57 days 1,856 sqft
2019-06-01 51 days 1,852 sqft
2019-07-01 54 days 1,869 sqft
2019-08-01 57 days 1,857 sqft
2019-09-01 65 days 1,819 sqft
2019-10-01 65 days 1,807 sqft
2019-11-01 73 days 1,808 sqft
2019-12-01 84 days 1,798 sqft
2020-01-01 99 days 1,786 sqft
2020-02-01 98 days 1,796 sqft
2020-03-01 69 days 1,836 sqft
2020-04-01 70 days 1,854 sqft
2020-05-01 78 days 1,899 sqft
2020-06-01 73 days 1,884 sqft
2020-07-01 58 days 1,904 sqft
2020-08-01 53 days 1,860 sqft
2020-09-01 53 days 1,841 sqft
2020-10-01 57 days 1,852 sqft
2020-11-01 60 days 1,811 sqft
2020-12-01 67 days 1,730 sqft
2021-01-01 78 days 1,730 sqft
2021-02-01 73 days 1,734 sqft
2021-03-01 53 days 1,844 sqft
2021-04-01 44 days 1,831 sqft
2021-05-01 39 days 1,800 sqft
2021-06-01 38 days 1,747 sqft
2021-07-01 42 days 1,793 sqft
2021-08-01 43 days 1,801 sqft
2021-09-01 47 days 1,786 sqft
2021-10-01 47 days 1,776 sqft
2021-11-01 52 days 1,796 sqft
2021-12-01 60 days 1,764 sqft
2022-01-01 69 days 1,706 sqft
2022-02-01 74 days 1,732 sqft
2022-03-01 52 days 1,808 sqft
2022-04-01 29 days 1,651 sqft
2022-05-01 43 days 1,650 sqft
2022-06-01 42 days 1,670 sqft
Green Bay's median listing age (time on market) for 2022-06-01 was 42 days. This is 9% longer than the same period one year ago.

Green Bay's median square footage for active listings during the 2022-06-01 period was 1,670 sqft. One year prior, the average listing was 1,747 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.