Hillsdale VA Loan Rates, Closing Costs & Stats
Hillsdale, MI
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
6.21%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Hillsdale's average VA mortgage closing costs are $4,431.
The average rate for the prior week (2024-10-04) was
5.88% and
one month ago for the week of 2024-09-06, the
average rate was 6.27%.
The average rate one year ago was 7.44%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.05%.
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. LouisDate | 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 |
Hillsdale's median listing price comes in at 0% of the national average.
Hillsdale's average listing price for 2024-09-01 was $311,762, a difference of $-1,968 (-0.6%) versus the prior year and $-11,643 versus the prior month.
For the 2024-09-01 period, Hillsdale had 124 MLS listings, a difference of 15 listings (14%) versus the prior month and 32 listings (35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Hillsdale's median square footage for active listings during the 2024-09-01 period was 1,688 sqft. One year prior, the average listing was 1,818 sqft.