Holland VA Loan Rates, Closing Costs & Stats

Holland, 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.

    Holland's 38 lenders originated 109 VA loans during 2024. The total origination value was $34,535,000, with an average VA loan value of $316,835.

    Holland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Holland averaged 0.49% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Holland's average VA mortgage closing costs are $5,605.

    The average rate for the prior week (2025-06-13) was 7.03% and one month ago for the week of 2025-05-16, the average rate was 7.09%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.41%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.37% $8,851
    UNITED WHOLESALE MORTGAGE, LLC 19 6.13% $8,035
    QUICKEN LOANS, LLC 5 5.75% $11,379
    NEWREZ LLC 5 6.33% $5,996
    FIRST COMMUNITY MORTGAGE, INC. 5 6.25% $3,883
    NAVY FEDERAL CREDIT UNION 3 6.25% $3,908
    FREEDOM MORTGAGE CORPORATION 3 6.25% $17,455
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.12% $1,866
    USAA Federal Savings Bank 3 6.54% $3,713
    PENNYMAC LOAN SERVICES, LLC 2 5.50% $10,650
    Fifth Third Bank 2 6.31% $4,176
    The Huntington National Bank 2 6.44% $2,601
    LAKE MICHIGAN CREDIT UNION 2 5.94% $11,841
    First Federal Bank 2 5.44% $6,095
    CLEARPATH LENDING 2 5.25% $9,670
    NEW DAY FINANCIAL, LLC 1 7.99% $12,195
    NORTHERN MORTGAGE SERVICES, LLC 1 6.75% $8,479
    Plains Commerce Bank 1 6.25% $15,637
    PLANET HOME LENDING, LLC 1 6.00% $2,685
    RUOFF MORTGAGE COMPANY, INC. 1 6.13% $575
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $10,232
    T2 FINANCIAL LLC 1 6.75% $3,524
    AMERISAVE MORTGAGE CORPORATION 1 5.63% $25,715
    V.I.P. MORTGAGE, INC. 1 7.13% $2,914
    Armed Forces Bank 1 7.13% $6,517
    BAY EQUITY LLC 1 7.13% $9,266
    Carrington Mortgage Services, LLC 1 6.63% $14,450
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $19,230
    CMG MORTGAGE, INC. 1 6.75% $15,307
    GUILD MORTGAGE COMPANY 1 6.13% $1,600
    GVC MORTGAGE, INC. 1 7.13% $6,130
    HOMESIDE FINANCIAL, LLC 1 7.50% $7,702
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $2,242
    MICHIGAN FIRST CREDIT UNION 1 5.63% $3,235
    MICHIGAN MUTUAL, INC. 1 6.25% $17,024
    MORTGAGE 1 INCORPORATED 1 7.13% $1,180
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.63% $13,579
    NBKC BANK 1 5.49% $1,004

    The top Holland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $8,851, which is $817 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Holland VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($8,035), Mortgage Research Center, LLC ($8,851), .

    The lowest rate Holland VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.13%), Mortgage Research Center, LLC (6.37%), .

    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.