Holland VA Loan Rates, Closing Costs & Stats

Holland, 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.

Holland's 45 lenders originated 119 VA loans during 2022. The total origination value was $31,585,000, with an average VA loan value of $265,420.

Holland VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Holland averaged 6.67% for the week of 2024-03-15, compared to the national average (all VA variants) of 6.439% for the same period.

Holland's average VA mortgage closing costs are $5,039.

The average rate for the prior week (2024-03-08) was 6.59% and one month ago for the week of 2024-02-09, the average rate was 6.26%.

The average rate one year ago was 6.25%.

For refis of the same type during the week of 2024-03-15, the average rate was 5.63%.

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

Holland 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 Holland level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 18 4.95% $7,371
QUICKEN LOANS, LLC 11 4.49% $10,758
UNITED WHOLESALE MORTGAGE, LLC 6 4.24% $8,333
USAA Federal Savings Bank 5 5.18% $7,438
Northpointe Bank 4 4.69% $6,940
LOANDEPOT.COM, LLC 4 2.90% $6,003
FREEDOM MORTGAGE CORPORATION 4 3.78% $8,440
CALIBER HOME LOANS, INC. 3 4.71% $14,854
Neighborhood Loans, Inc. 3 3.75% $15,137
LAKE MICHIGAN CREDIT UNION 3 5.17% $9,415
Nations Lending Corporation 3 4.21% $12,321
CLEARPATH LENDING 3 3.58% $8,363
POLARIS HOME FUNDING CORP. 3 4.21% $4,768
NEW DAY FINANCIAL, LLC 3 4.08% $10,515
Fifth Third Bank 2 3.56% $2,358
AMERISAVE MORTGAGE CORPORATION 2 5.50% $6,643
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.75% $510
CROSSCOUNTRY MORTGAGE, LLC 2 6.63% $8,626
HOME POINT FINANCIAL CORPORATION 2 3.18% $7,890
INLANTA MORTGAGE, INC. 2 4.63% $4,950
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.00% $9,848
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.75% $8,946
RUOFF MORTGAGE COMPANY, INC. 2 5.75% $2,382
T2 FINANCIAL LLC 2 4.75% $4,338
UNION HOME MORTGAGE CORP. 2 4.88% $4,754
Ixonia Bank 1 4.25% $9,282
HAMILTON HOME LOANS, INC. 1 4.50% $13,130
NEWREZ LLC 1 5.25% $14,786
NORTHERN MORTGAGE SERVICES, LLC 1 5.25% $5,136
AMERICAN FINANCING CORPORATION 1 3.38% $8,495
PENNYMAC LOAN SERVICES, LLC 1 3.63% $2,116
PLAZA HOME MORTGAGE, INC. 1 3.63% $8,421
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.13% $5,144
TOP FLITE FINANCIAL, INC. 1 7.38% $12,563
Equity Prime Mortgage LLC 1 4.50% $9,916
ROYAL UNITED MORTGAGE LLC 1 5.13% $8,623
CARDINAL FINANCIAL 1 3.38% $2,601
SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $0
Credence Funding Corporation 1 3.88% $3,708
The Dart Bank 1 7.13% $12,019
Mr. Cooper ( Nationstar Mortgage ) 1 2.38% $3,589
The Federal Savings Bank 1 6.25% $9,684
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $2,147
NAVY FEDERAL CREDIT UNION 1 4.63% $2,690
NBKC BANK 1 5.99% $4,435

The top Holland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $7,371, which is $3,387 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Holland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,371), QUICKEN LOANS, LLC ($10,758), .

The lowest rate Holland VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.49%), Mortgage Research Center, LLC (4.95%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Holland (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 $269,675 (-9.9%) $419,705 (-16.0%) 0.00 368
2018-02-01 $274,900 (-12.3%) $445,257 (-15.5%) 0.00 350
2018-03-01 $288,850 (-3.8%) $461,229 (-13.4%) 0.00 353
2018-04-01 $281,725 (-6.2%) $452,372 (-13.2%) 0.00 376
2018-05-01 $299,575 (1.7%) $447,258 (-2.5%) 0.00 419
2018-06-01 $320,000 (12.3%) $455,716 (2.8%) 0.00 457
2018-07-01 $317,975 (14.0%) $445,514 (2.9%) 0.00 504
2018-08-01 $299,000 (7.2%) $429,912 (2.1%) 0.00 504
2018-09-01 $294,900 (9.3%) $435,376 (4.4%) 0.00 490
2018-10-01 $298,810 (10.7%) $438,668 (8.7%) 0.00 481
2018-11-01 $307,470 (11.9%) $456,241 (10.7%) 0.00 463
2018-12-01 $299,000 (11.4%) $453,992 (10.1%) 0.00 403
2019-01-01 $297,475 (10.3%) $444,550 (5.9%) 0.00 356
2019-02-01 $316,975 (15.3%) $475,698 (6.8%) 0.00 336
2019-03-01 $329,207 (14.0%) $485,258 (5.2%) 0.00 361
2019-04-01 $334,975 (18.9%) $501,998 (11.0%) 0.00 376
2019-05-01 $335,000 (11.8%) $487,156 (8.9%) 0.00 419
2019-06-01 $335,000 (4.7%) $472,025 (3.6%) 0.00 477
2019-07-01 $332,456 (4.6%) $466,009 (4.6%) 0.00 522
2019-08-01 $327,200 (9.4%) $458,279 (6.6%) 0.00 529
2019-09-01 $323,150 (9.6%) $455,069 (4.5%) 0.00 540
2019-10-01 $317,500 (6.3%) $451,831 (3.0%) 0.00 552
2019-11-01 $311,950 (1.5%) $449,935 (-1.4%) 0.00 502
2019-12-01 $297,000 (-0.7%) $449,923 (-0.9%) 0.00 459
2020-01-01 $289,175 (-2.8%) $436,679 (-1.8%) 0.00 398
2020-02-01 $325,000 (2.5%) $482,091 (1.3%) 0.00 369
2020-03-01 $337,500 (2.5%) $494,337 (1.9%) 0.00 377
2020-04-01 $339,900 (1.5%) $482,730 (-3.8%) 0.00 384
2020-05-01 $339,900 (1.5%) $486,157 (-0.2%) 0.00 399
2020-06-01 $362,723 (8.3%) $520,848 (10.3%) 0.00 368
2020-07-01 $366,950 (10.4%) $530,034 (13.7%) 0.00 350
2020-08-01 $375,000 (14.6%) $572,108 (24.8%) 0.00 290
2020-09-01 $399,000 (23.5%) $603,228 (32.6%) 0.00 261
2020-10-01 $399,900 (26.0%) $659,058 (45.9%) 0.00 231
2020-11-01 $379,950 (21.8%) $635,900 (41.3%) 0.00 206
2020-12-01 $362,686 (22.1%) $631,055 (40.3%) 0.00 188
2021-01-01 $356,300 (23.2%) $609,793 (39.6%) 0.00 163
2021-02-01 $364,761 (12.2%) $641,134 (33.0%) 0.00 136
2021-03-01 $348,678 (3.3%) $626,695 (26.8%) 0.00 127
2021-04-01 $358,766 (5.6%) $668,120 (38.4%) 0.00 132
2021-05-01 $360,000 (5.9%) $681,865 (40.3%) 0.00 150
2021-06-01 $364,675 (0.5%) $667,801 (28.2%) 0.00 168
2021-07-01 $360,000 (-1.9%) $638,071 (20.4%) 0.00 187
2021-08-01 $367,450 (-2.0%) $621,239 (8.6%) 0.00 206
2021-09-01 $367,000 (-8.0%) $597,435 (-1.0%) 0.00 191
2021-10-01 $397,450 (-0.6%) $651,362 (-1.2%) 0.00 174
2021-11-01 $402,425 (5.9%) $675,168 (6.2%) 0.00 144
2021-12-01 $398,950 (10.0%) $662,433 (5.0%) 0.00 124
2022-01-01 $359,450 (0.9%) $621,724 (2.0%) 0.00 88
2022-02-01 $383,225 (5.1%) $632,531 (-1.3%) 0.00 75
2022-03-01 $377,975 (8.4%) $624,954 (-0.3%) 0.00 84
2022-04-01 $410,000 (14.3%) $616,129 (-7.8%) 0.00 103
2022-05-01 $399,950 (11.1%) $621,807 (-8.8%) 0.00 137
2022-06-01 $429,900 (17.9%) $637,613 (-4.5%) 0.00 181
2022-07-01 $425,000 (18.1%) $586,192 (-8.1%) 0.00 233
2022-08-01 $431,197 (17.4%) $587,014 (-5.5%) 0.00 248
2022-09-01 $439,675 (19.8%) $606,697 (1.6%) 0.00 230
2022-10-01 $422,000 (6.2%) $612,548 (-6.0%) 0.00 233
2022-11-01 $399,225 (-0.8%) $572,483 (-15.2%) 0.00 234
2022-12-01 $389,900 (-2.3%) $563,390 (-15.0%) 0.00 190
2023-01-01 $396,088 (10.2%) $547,403 (-12.0%) 0.00 156
2023-02-01 $399,788 (4.3%) $605,528 (-4.3%) 0.00 123
2023-03-01 $399,995 (5.8%) $663,594 (6.2%) 0.00 115
2023-04-01 $459,000 (12.0%) $718,191 (16.6%) 0.00 122
2023-05-01 $459,675 (14.9%) $698,632 (12.4%) 0.00 137
2023-06-01 $473,725 (10.2%) $690,668 (8.3%) 0.00 140
2023-07-01 $449,900 (5.9%) $641,820 (9.5%) 0.00 156
2023-08-01 $433,450 (0.5%) $703,833 (19.9%) 0.00 172
2023-09-01 $429,900 (-2.2%) $703,368 (15.9%) 0.00 198
2023-10-01 $422,450 (0.1%) $702,743 (14.7%) 0.00 218
2023-11-01 $406,225 (1.8%) $686,103 (19.9%) 0.00 205
2023-12-01 $412,450 (5.8%) $689,221 (22.3%) 0.00 179
2024-01-01 $402,425 (1.6%) $605,523 (10.6%) 0.00 152
Holland's median listing price for 2024-01-01 was $402,425, a difference of $6,337 (1.6%) versus the prior year and $-10,025 versus the prior month.

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

Holland's average listing price for 2024-01-01 was $605,523, a difference of $58,120 (10.6%) versus the prior year and $-83,698 versus the prior month.

For the 2024-01-01 period, Holland had 152 MLS listings, a difference of -27 listings (-15%) versus the prior month and -4 listings (-3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Holland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,037 sqft
2018-02-01 0 days 2,055 sqft
2018-03-01 0 days 2,090 sqft
2018-04-01 0 days 2,002 sqft
2018-05-01 0 days 2,041 sqft
2018-06-01 0 days 2,059 sqft
2018-07-01 0 days 2,062 sqft
2018-08-01 0 days 2,017 sqft
2018-09-01 0 days 1,955 sqft
2018-10-01 0 days 2,013 sqft
2018-11-01 0 days 2,032 sqft
2018-12-01 0 days 2,000 sqft
2019-01-01 0 days 1,927 sqft
2019-02-01 0 days 1,914 sqft
2019-03-01 0 days 1,959 sqft
2019-04-01 0 days 1,995 sqft
2019-05-01 0 days 1,979 sqft
2019-06-01 0 days 2,028 sqft
2019-07-01 0 days 2,084 sqft
2019-08-01 0 days 2,073 sqft
2019-09-01 0 days 2,052 sqft
2019-10-01 0 days 2,028 sqft
2019-11-01 0 days 2,007 sqft
2019-12-01 0 days 1,993 sqft
2020-01-01 0 days 1,976 sqft
2020-02-01 0 days 2,002 sqft
2020-03-01 0 days 1,984 sqft
2020-04-01 0 days 2,016 sqft
2020-05-01 0 days 2,023 sqft
2020-06-01 0 days 2,018 sqft
2020-07-01 0 days 2,009 sqft
2020-08-01 0 days 2,069 sqft
2020-09-01 0 days 2,215 sqft
2020-10-01 0 days 2,193 sqft
2020-11-01 0 days 2,151 sqft
2020-12-01 0 days 2,115 sqft
2021-01-01 0 days 2,167 sqft
2021-02-01 0 days 2,187 sqft
2021-03-01 0 days 2,152 sqft
2021-04-01 0 days 2,136 sqft
2021-05-01 0 days 2,005 sqft
2021-06-01 0 days 1,996 sqft
2021-07-01 0 days 1,980 sqft
2021-08-01 0 days 2,074 sqft
2021-09-01 0 days 1,994 sqft
2021-10-01 0 days 2,069 sqft
2021-11-01 0 days 2,068 sqft
2021-12-01 0 days 2,068 sqft
2022-01-01 0 days 2,073 sqft
2022-02-01 0 days 2,072 sqft
2022-03-01 0 days 2,091 sqft
2022-04-01 0 days 2,169 sqft
2022-05-01 0 days 2,103 sqft
2022-06-01 0 days 2,149 sqft
2022-07-01 0 days 2,150 sqft
2022-08-01 0 days 2,050 sqft
2022-09-01 0 days 2,074 sqft
2022-10-01 0 days 2,112 sqft
2022-11-01 0 days 2,038 sqft
2022-12-01 0 days 1,992 sqft
2023-01-01 0 days 1,996 sqft
2023-02-01 0 days 2,067 sqft
2023-03-01 0 days 2,058 sqft
2023-04-01 0 days 2,069 sqft
2023-05-01 0 days 2,166 sqft
2023-06-01 0 days 2,184 sqft
2023-07-01 0 days 2,137 sqft
2023-08-01 0 days 2,203 sqft
2023-09-01 0 days 2,146 sqft
2023-10-01 0 days 2,120 sqft
2023-11-01 0 days 2,088 sqft
2023-12-01 0 days 2,133 sqft
2024-01-01 0 days 2,019 sqft
Holland's median listing age (time on market) for 2024-01-01 was 0 days.

Holland's median square footage for active listings during the 2024-01-01 period was 2,019 sqft. One year prior, the average listing was 1,996 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.