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 -0.16% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2024-02-16) was 6.31% and one month ago for the week of 2024-01-19, the average rate was 6.37%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.71%.

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 $265,450 (-11.2%) $422,566 (-17.1%) 0.00 345
2018-02-01 $269,900 (-13.9%) $449,357 (-16.7%) 0.00 329
2018-03-01 $288,850 (-3.8%) $471,109 (-13.9%) 0.00 330
2018-04-01 $281,725 (-11.7%) $463,437 (-13.6%) 0.00 346
2018-05-01 $297,450 (0.9%) $459,838 (-2.0%) 0.00 378
2018-06-01 $319,700 (12.2%) $468,417 (3.8%) 0.00 410
2018-07-01 $317,500 (13.4%) $456,500 (3.6%) 0.00 453
2018-08-01 $291,675 (5.3%) $438,758 (2.5%) 0.00 460
2018-09-01 $279,900 (4.1%) $444,376 (4.9%) 0.00 444
2018-10-01 $296,950 (11.1%) $448,046 (9.6%) 0.00 442
2018-11-01 $304,900 (12.2%) $464,366 (11.5%) 0.00 432
2018-12-01 $298,620 (14.3%) $461,372 (11.2%) 0.00 379
2019-01-01 $293,400 (10.5%) $454,994 (7.7%) 0.00 332
2019-02-01 $312,125 (15.6%) $487,238 (8.4%) 0.00 314
2019-03-01 $326,386 (13.0%) $497,833 (5.7%) 0.00 337
2019-04-01 $334,950 (18.9%) $515,177 (11.2%) 0.00 349
2019-05-01 $335,000 (12.6%) $498,387 (8.4%) 0.00 388
2019-06-01 $335,000 (4.8%) $485,307 (3.6%) 0.00 444
2019-07-01 $335,255 (5.6%) $473,802 (3.8%) 0.00 493
2019-08-01 $328,250 (12.5%) $465,185 (6.0%) 0.00 500
2019-09-01 $325,775 (16.4%) $461,935 (4.0%) 0.00 514
2019-10-01 $321,425 (8.2%) $458,344 (2.3%) 0.00 525
2019-11-01 $314,900 (3.3%) $456,615 (-1.7%) 0.00 476
2019-12-01 $297,250 (-0.5%) $457,383 (-0.9%) 0.00 436
2020-01-01 $289,850 (-1.2%) $441,868 (-2.9%) 0.00 382
2020-02-01 $325,000 (4.1%) $490,668 (0.7%) 0.00 353
2020-03-01 $339,000 (3.9%) $503,076 (1.1%) 0.00 348
2020-04-01 $339,900 (1.5%) $488,464 (-5.2%) 0.00 355
2020-05-01 $339,900 (1.5%) $488,026 (-2.1%) 0.00 371
2020-06-01 $362,425 (8.2%) $525,768 (8.3%) 0.00 343
2020-07-01 $367,900 (9.7%) $533,692 (12.6%) 0.00 332
2020-08-01 $379,000 (15.5%) $581,283 (25.0%) 0.00 274
2020-09-01 $399,125 (22.5%) $609,761 (32.0%) 0.00 248
2020-10-01 $399,900 (24.4%) $671,045 (46.4%) 0.00 222
2020-11-01 $382,975 (21.6%) $646,461 (41.6%) 0.00 194
2020-12-01 $357,875 (20.4%) $640,655 (40.1%) 0.00 176
2021-01-01 $352,110 (21.5%) $620,023 (40.3%) 0.00 153
2021-02-01 $361,311 (11.2%) $651,924 (32.9%) 0.00 126
2021-03-01 $352,000 (3.8%) $642,151 (27.7%) 0.00 120
2021-04-01 $358,355 (5.4%) $674,212 (38.0%) 0.00 122
2021-05-01 $370,000 (8.9%) $701,520 (43.8%) 0.00 138
2021-06-01 $359,128 (-0.9%) $683,584 (30.0%) 0.00 157
2021-07-01 $359,900 (-2.2%) $644,641 (20.8%) 0.00 181
2021-08-01 $364,500 (-3.8%) $635,635 (9.4%) 0.00 190
2021-09-01 $357,250 (-10.5%) $613,415 (0.6%) 0.00 177
2021-10-01 $399,450 (-0.1%) $672,249 (0.2%) 0.00 160
2021-11-01 $404,950 (5.7%) $688,710 (6.5%) 0.00 140
2021-12-01 $394,200 (10.2%) $670,725 (4.7%) 0.00 120
2022-01-01 $359,000 (2.0%) $628,890 (1.4%) 0.00 85
2022-02-01 $384,450 (6.4%) $650,796 (-0.2%) 0.00 69
2022-03-01 $375,363 (6.6%) $632,495 (-1.5%) 0.00 79
2022-04-01 $400,000 (11.6%) $622,252 (-7.7%) 0.00 96
2022-05-01 $414,313 (12.0%) $629,376 (-10.3%) 0.00 128
2022-06-01 $429,675 (19.6%) $647,554 (-5.3%) 0.00 169
2022-07-01 $412,500 (14.6%) $588,267 (-8.8%) 0.00 215
2022-08-01 $426,000 (16.9%) $591,142 (-7.0%) 0.00 228
2022-09-01 $437,250 (22.4%) $615,731 (0.4%) 0.00 212
2022-10-01 $425,000 (6.4%) $620,885 (-7.6%) 0.00 216
2022-11-01 $391,675 (-3.3%) $579,677 (-15.8%) 0.00 214
2022-12-01 $385,000 (-2.3%) $575,388 (-14.2%) 0.00 173
2023-01-01 $391,425 (9.0%) $560,983 (-10.8%) 0.00 141
2023-02-01 $399,900 (4.0%) $630,366 (-3.1%) 0.00 112
2023-03-01 $415,225 (10.6%) $686,525 (8.5%) 0.00 104
2023-04-01 $465,680 (16.4%) $743,688 (19.5%) 0.00 112
2023-05-01 $464,300 (12.1%) $715,082 (13.6%) 0.00 130
2023-06-01 $484,975 (12.9%) $698,603 (7.9%) 0.00 133
2023-07-01 $450,000 (9.1%) $653,243 (11.1%) 0.00 150
2023-08-01 $431,175 (1.2%) $715,019 (21.0%) 0.00 162
2023-09-01 $425,000 (-2.8%) $712,425 (15.7%) 0.00 184
2023-10-01 $412,425 (-3.0%) $710,013 (14.4%) 0.00 209
2023-11-01 $399,900 (2.1%) $691,087 (19.2%) 0.00 192
2023-12-01 $407,450 (5.8%) $693,206 (20.5%) 0.00 167
Holland's median listing price for 2023-12-01 was $407,450, a difference of $22,450 (5.8%) versus the prior year and $7,550 versus the prior month.

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

Holland's average listing price for 2023-12-01 was $693,206, a difference of $117,818 (20.5%) versus the prior year and $2,119 versus the prior month.

For the 2023-12-01 period, Holland had 167 MLS listings, a difference of -25 listings (-13%) versus the prior month and -6 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 2,056 sqft
2018-02-01 0 days 2,056 sqft
2018-03-01 0 days 2,090 sqft
2018-04-01 0 days 2,020 sqft
2018-05-01 0 days 2,066 sqft
2018-06-01 0 days 2,076 sqft
2018-07-01 0 days 2,081 sqft
2018-08-01 0 days 2,020 sqft
2018-09-01 0 days 1,950 sqft
2018-10-01 0 days 2,017 sqft
2018-11-01 0 days 2,035 sqft
2018-12-01 0 days 2,006 sqft
2019-01-01 0 days 1,975 sqft
2019-02-01 0 days 1,985 sqft
2019-03-01 0 days 2,005 sqft
2019-04-01 0 days 2,015 sqft
2019-05-01 0 days 2,006 sqft
2019-06-01 0 days 2,062 sqft
2019-07-01 0 days 2,094 sqft
2019-08-01 0 days 2,085 sqft
2019-09-01 0 days 2,058 sqft
2019-10-01 0 days 2,033 sqft
2019-11-01 0 days 2,019 sqft
2019-12-01 0 days 2,003 sqft
2020-01-01 0 days 1,990 sqft
2020-02-01 0 days 2,012 sqft
2020-03-01 0 days 1,993 sqft
2020-04-01 0 days 2,023 sqft
2020-05-01 0 days 2,027 sqft
2020-06-01 0 days 2,028 sqft
2020-07-01 0 days 2,008 sqft
2020-08-01 0 days 2,072 sqft
2020-09-01 0 days 2,235 sqft
2020-10-01 0 days 2,210 sqft
2020-11-01 0 days 2,182 sqft
2020-12-01 0 days 2,137 sqft
2021-01-01 0 days 2,185 sqft
2021-02-01 0 days 2,201 sqft
2021-03-01 0 days 2,144 sqft
2021-04-01 0 days 2,123 sqft
2021-05-01 0 days 2,005 sqft
2021-06-01 0 days 2,021 sqft
2021-07-01 0 days 1,986 sqft
2021-08-01 0 days 2,102 sqft
2021-09-01 0 days 1,999 sqft
2021-10-01 0 days 2,073 sqft
2021-11-01 0 days 2,070 sqft
2021-12-01 0 days 2,069 sqft
2022-01-01 0 days 2,072 sqft
2022-02-01 0 days 2,085 sqft
2022-03-01 0 days 2,100 sqft
2022-04-01 0 days 2,179 sqft
2022-05-01 0 days 2,114 sqft
2022-06-01 0 days 2,158 sqft
2022-07-01 0 days 2,147 sqft
2022-08-01 0 days 2,067 sqft
2022-09-01 0 days 2,136 sqft
2022-10-01 0 days 2,142 sqft
2022-11-01 0 days 2,062 sqft
2022-12-01 0 days 2,055 sqft
2023-01-01 0 days 2,060 sqft
2023-02-01 0 days 2,072 sqft
2023-03-01 0 days 2,070 sqft
2023-04-01 0 days 2,075 sqft
2023-05-01 0 days 2,201 sqft
2023-06-01 0 days 2,188 sqft
2023-07-01 0 days 2,142 sqft
2023-08-01 0 days 2,211 sqft
2023-09-01 0 days 2,152 sqft
2023-10-01 0 days 2,118 sqft
2023-11-01 0 days 2,088 sqft
2023-12-01 0 days 2,112 sqft
Holland's median listing age (time on market) for 2023-12-01 was 0 days.

Holland's median square footage for active listings during the 2023-12-01 period was 2,112 sqft. One year prior, the average listing was 2,055 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.