Hillsdale VA Loan Rates, Closing Costs & Stats

Hillsdale, MI

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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.

    Hillsdale's 15 lenders originated 40 VA loans during 2023. The total origination value was $7,490,000, with an average VA loan value of $187,250.

    Hillsdale VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hillsdale averaged 7% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Hillsdale's average VA mortgage closing costs are $4,431.

    The average rate for the prior week (2024-11-01) was 6.85% and one month ago for the week of 2024-10-04, the average rate was 6.08%.

    The average rate one year ago was 7.64%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.44%.

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

    Hillsdale 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 Hillsdale level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 16 6.59% $4,447
    QUICKEN LOANS, LLC 4 6.44% $7,602
    FREEDOM MORTGAGE CORPORATION 2 6.56% $13,037
    CROSSCOUNTRY MORTGAGE, LLC 2 6.13% $2,833
    Barrington Bank & Trust Company, N.A. 2 7.00% $5,613
    MORTGAGE 1 INCORPORATED 2 7.13% $3,647
    UNION HOME MORTGAGE CORP. 1 6.63% $7,077
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $625
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $3,684
    USAA Federal Savings Bank 1 6.13% $17,329
    BAY EQUITY LLC 1 5.13% $7,558
    EQUITY RESOURCES, INC. 1 6.75% $1,083
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.38% $3,045
    KeyBank 1 6.25% $3,575
    Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $7,077

    The top Hillsdale VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $4,447, which is $3,154 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hillsdale VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,447), .

    The lowest rate Hillsdale VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.59%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hillsdale (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 $141,900 (-3.0%) $167,164 (-7.3%) 0.00 156
    2018-02-01 $140,400 (-0.9%) $169,808 (-5.3%) 0.00 152
    2018-03-01 $139,900 (-0.4%) $170,638 (-5.3%) 0.00 158
    2018-04-01 $139,900 (-3.5%) $166,582 (-7.1%) 0.00 163
    2018-05-01 $139,900 (-1.4%) $165,250 (-6.8%) 0.00 164
    2018-06-01 $149,250 (7.0%) $177,599 (3.9%) 0.00 171
    2018-07-01 $149,500 (10.7%) $182,564 (11.9%) 0.00 191
    2018-08-01 $144,900 (4.2%) $176,910 (10.4%) 0.00 204
    2018-09-01 $144,900 (3.6%) $176,403 (9.1%) 0.00 217
    2018-10-01 $139,900 (2.9%) $173,676 (7.6%) 0.00 206
    2018-11-01 $142,400 (1.8%) $168,298 (0.4%) 0.00 199
    2018-12-01 $145,200 (1.7%) $169,999 (1.7%) 0.00 171
    2019-01-01 $130,400 (-8.1%) $157,791 (-5.6%) 0.00 149
    2019-02-01 $133,425 (-5.0%) $163,678 (-3.6%) 0.00 131
    2019-03-01 $143,471 (2.6%) $179,413 (5.1%) 0.00 132
    2019-04-01 $153,471 (9.7%) $195,553 (17.4%) 0.00 137
    2019-05-01 $165,400 (18.2%) $205,146 (24.1%) 0.00 153
    2019-06-01 $169,900 (13.8%) $208,325 (17.3%) 0.00 166
    2019-07-01 $161,450 (8.0%) $199,865 (9.5%) 0.00 181
    2019-08-01 $159,123 (9.8%) $197,124 (11.4%) 0.00 185
    2019-09-01 $159,307 (9.9%) $195,879 (11.0%) 0.00 188
    2019-10-01 $159,675 (14.1%) $195,048 (12.3%) 0.00 187
    2019-11-01 $164,950 (15.8%) $193,065 (14.7%) 0.00 178
    2019-12-01 $162,500 (11.9%) $185,448 (9.1%) 0.00 157
    2020-01-01 $159,950 (22.7%) $182,842 (15.9%) 0.00 130
    2020-02-01 $159,900 (19.8%) $184,790 (12.9%) 0.00 126
    2020-03-01 $164,350 (14.6%) $194,252 (8.3%) 0.00 124
    2020-04-01 $160,575 (4.6%) $193,323 (-1.1%) 0.00 118
    2020-05-01 $160,950 (-2.7%) $195,715 (-4.6%) 0.00 120
    2020-06-01 $174,400 (2.7%) $205,786 (-1.2%) 0.00 119
    2020-07-01 $189,450 (17.3%) $213,024 (6.6%) 0.00 116
    2020-08-01 $175,000 (10.0%) $207,013 (5.0%) 0.00 103
    2020-09-01 $194,700 (22.2%) $226,886 (15.8%) 0.00 83
    2020-10-01 $199,900 (25.2%) $238,571 (22.3%) 0.00 77
    2020-11-01 $169,900 (3.0%) $218,472 (13.2%) 0.00 78
    2020-12-01 $164,975 (1.5%) $207,789 (12.1%) 0.00 78
    2021-01-01 $156,500 (-2.2%) $199,972 (9.4%) 0.00 70
    2021-02-01 $147,450 (-7.8%) $191,527 (3.7%) 0.00 57
    2021-03-01 $156,500 (-4.8%) $206,417 (6.3%) 0.00 44
    2021-04-01 $164,450 (2.4%) $221,553 (14.6%) 0.00 44
    2021-05-01 $189,900 (18.0%) $231,983 (18.5%) 0.00 46
    2021-06-01 $197,400 (13.2%) $242,533 (17.9%) 0.00 48
    2021-07-01 $174,900 (-7.7%) $228,241 (7.1%) 0.00 60
    2021-08-01 $183,425 (4.8%) $233,944 (13.0%) 0.00 51
    2021-09-01 $178,650 (-8.2%) $229,734 (1.3%) 0.00 59
    2021-10-01 $167,900 (-16.0%) $235,017 (-1.5%) 0.00 60
    2021-11-01 $163,675 (-3.7%) $227,087 (3.9%) 0.00 65
    2021-12-01 $157,900 (-4.3%) $218,285 (5.1%) 0.00 64
    2022-01-01 $152,900 (-2.3%) $218,494 (9.3%) 0.00 55
    2022-02-01 $165,750 (12.4%) $235,730 (23.1%) 0.00 40
    2022-03-01 $194,950 (24.6%) $271,447 (31.5%) 0.00 42
    2022-04-01 $215,000 (30.7%) $311,794 (40.7%) 0.00 42
    2022-05-01 $224,950 (18.5%) $306,669 (32.2%) 0.00 56
    2022-06-01 $217,000 (9.9%) $308,767 (27.3%) 0.00 76
    2022-07-01 $195,000 (11.5%) $282,257 (23.7%) 0.00 87
    2022-08-01 $189,900 (3.5%) $263,606 (12.7%) 0.00 99
    2022-09-01 $201,050 (12.5%) $278,766 (21.3%) 0.00 92
    2022-10-01 $199,997 (19.1%) $278,820 (18.6%) 0.00 89
    2022-11-01 $205,300 (25.4%) $279,251 (23.0%) 0.00 87
    2022-12-01 $214,500 (35.9%) $281,807 (29.1%) 0.00 77
    2023-01-01 $207,400 (35.6%) $284,802 (30.4%) 0.00 63
    2023-02-01 $222,400 (34.2%) $299,873 (27.2%) 0.00 53
    2023-03-01 $228,650 (17.3%) $249,706 (-8.0%) 0.00 52
    2023-04-01 $239,900 (11.6%) $256,925 (-17.6%) 0.00 49
    2023-05-01 $259,925 (15.6%) $277,480 (-9.5%) 0.00 53
    2023-06-01 $253,675 (16.9%) $313,635 (1.6%) 0.00 63
    2023-07-01 $249,900 (28.2%) $303,509 (7.5%) 0.00 70
    2023-08-01 $248,000 (30.6%) $295,278 (12.0%) 0.00 76
    2023-09-01 $259,000 (28.8%) $313,730 (12.5%) 0.00 92
    2023-10-01 $249,900 (25.0%) $306,873 (10.1%) 0.00 102
    2023-11-01 $229,900 (12.0%) $316,245 (13.3%) 0.00 97
    2023-12-01 $225,000 (4.9%) $320,517 (13.7%) 0.00 90
    2024-01-01 $232,450 (12.1%) $332,914 (16.9%) 0.00 78
    2024-02-01 $251,175 (12.9%) $335,262 (11.8%) 0.00 69
    2024-03-01 $259,900 (13.7%) $344,225 (37.9%) 0.00 67
    2024-04-01 $292,450 (21.9%) $368,702 (43.5%) 0.00 73
    2024-05-01 $298,000 (14.7%) $347,015 (25.1%) 0.00 91
    2024-06-01 $290,900 (14.7%) $330,413 (5.4%) 0.00 103
    2024-07-01 $299,000 (19.7%) $342,649 (12.9%) 0.00 104
    2024-08-01 $272,400 (9.8%) $323,405 (9.5%) 0.00 109
    2024-09-01 $267,400 (3.2%) $311,762 (-0.6%) 0.00 124
    2024-10-01 $261,150 (4.5%) $316,296 (3.1%) 0.00 130
    Hillsdale's median listing price for 2024-10-01 was $261,150, a difference of $11,250 (4.5%) versus the prior year and $-6,250 versus the prior month.

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

    Hillsdale's average listing price for 2024-10-01 was $316,296, a difference of $9,423 (3.1%) versus the prior year and $4,534 versus the prior month.

    For the 2024-10-01 period, Hillsdale had 130 MLS listings, a difference of 6 listings (5%) versus the prior month and 28 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,630 sqft
    2018-02-01 0 days 1,680 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,628 sqft
    2018-05-01 0 days 1,673 sqft
    2018-06-01 0 days 1,594 sqft
    2018-07-01 0 days 1,515 sqft
    2018-08-01 0 days 1,512 sqft
    2018-09-01 0 days 1,536 sqft
    2018-10-01 0 days 1,616 sqft
    2018-11-01 0 days 1,602 sqft
    2018-12-01 0 days 1,655 sqft
    2019-01-01 0 days 1,646 sqft
    2019-02-01 0 days 1,635 sqft
    2019-03-01 0 days 1,638 sqft
    2019-04-01 0 days 1,654 sqft
    2019-05-01 0 days 1,743 sqft
    2019-06-01 0 days 1,757 sqft
    2019-07-01 0 days 1,684 sqft
    2019-08-01 0 days 1,697 sqft
    2019-09-01 0 days 1,741 sqft
    2019-10-01 0 days 1,774 sqft
    2019-11-01 0 days 1,769 sqft
    2019-12-01 0 days 1,762 sqft
    2020-01-01 0 days 1,803 sqft
    2020-02-01 0 days 1,719 sqft
    2020-03-01 0 days 1,740 sqft
    2020-04-01 0 days 1,773 sqft
    2020-05-01 0 days 1,790 sqft
    2020-06-01 0 days 1,779 sqft
    2020-07-01 0 days 1,872 sqft
    2020-08-01 0 days 1,650 sqft
    2020-09-01 0 days 1,648 sqft
    2020-10-01 0 days 1,746 sqft
    2020-11-01 0 days 1,622 sqft
    2020-12-01 0 days 1,683 sqft
    2021-01-01 0 days 1,649 sqft
    2021-02-01 0 days 1,598 sqft
    2021-03-01 0 days 1,519 sqft
    2021-04-01 0 days 1,528 sqft
    2021-05-01 0 days 1,650 sqft
    2021-06-01 0 days 1,667 sqft
    2021-07-01 0 days 1,664 sqft
    2021-08-01 0 days 1,600 sqft
    2021-09-01 0 days 1,586 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,665 sqft
    2021-12-01 0 days 1,677 sqft
    2022-01-01 0 days 1,588 sqft
    2022-02-01 0 days 1,562 sqft
    2022-03-01 0 days 1,645 sqft
    2022-04-01 0 days 1,650 sqft
    2022-05-01 0 days 1,637 sqft
    2022-06-01 0 days 1,702 sqft
    2022-07-01 0 days 1,721 sqft
    2022-08-01 0 days 1,720 sqft
    2022-09-01 0 days 1,673 sqft
    2022-10-01 0 days 1,748 sqft
    2022-11-01 0 days 1,742 sqft
    2022-12-01 0 days 1,747 sqft
    2023-01-01 0 days 1,658 sqft
    2023-02-01 0 days 1,705 sqft
    2023-03-01 0 days 1,778 sqft
    2023-04-01 0 days 1,768 sqft
    2023-05-01 0 days 1,768 sqft
    2023-06-01 0 days 1,843 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,779 sqft
    2023-09-01 0 days 1,818 sqft
    2023-10-01 0 days 1,718 sqft
    2023-11-01 0 days 1,674 sqft
    2023-12-01 0 days 1,646 sqft
    2024-01-01 0 days 1,701 sqft
    2024-02-01 0 days 1,713 sqft
    2024-03-01 0 days 1,720 sqft
    2024-04-01 0 days 1,810 sqft
    2024-05-01 0 days 1,773 sqft
    2024-06-01 0 days 1,796 sqft
    2024-07-01 0 days 1,745 sqft
    2024-08-01 0 days 1,724 sqft
    2024-09-01 0 days 1,688 sqft
    2024-10-01 0 days 1,679 sqft
    Hillsdale's median listing age (time on market) for 2024-10-01 was 0 days.

    Hillsdale's median square footage for active listings during the 2024-10-01 period was 1,679 sqft. One year prior, the average listing was 1,718 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.