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 27 lenders originated 80 VA loans during 2023. The total origination value was $23,260,000, with an average VA loan value of $290,750.

    Holland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Holland averaged 7.18% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Holland's average VA mortgage closing costs are $5,327.

    The average rate for the prior week (2024-04-12) was 6.81% and one month ago for the week of 2024-03-15, the average rate was 6.97%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.68%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.82% $4,166
    UNITED WHOLESALE MORTGAGE, LLC 10 6.20% $11,948
    QUICKEN LOANS, LLC 9 6.16% $14,373
    PENNYMAC LOAN SERVICES, LLC 4 5.44% $3,283
    LOANDEPOT.COM, LLC 4 6.03% $10,776
    UNION HOME MORTGAGE CORP. 3 6.79% $6,127
    NAVY FEDERAL CREDIT UNION 3 5.92% $5,319
    VILLAGE CAPITAL MORTGAGE 2 5.87% $7,462
    LAKE MICHIGAN CREDIT UNION 2 5.56% $3,575
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.69% $3,958
    USAA Federal Savings Bank 2 6.19% $12,396
    Neighborhood Loans, Inc. 2 6.63% $10,548
    Northpointe Bank 1 6.13% $3,672
    The Huntington National Bank 1 6.75% $8,542
    TOP FLITE FINANCIAL, INC. 1 7.25% $4,276
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $14,336
    Armed Forces Bank 1 6.63% $3,628
    CARDINAL FINANCIAL 1 6.25% $3,128
    First Federal Bank 1 6.00% $9,679
    FREEDOM MORTGAGE CORPORATION 1 6.25% $14,832
    GUILD MORTGAGE COMPANY 1 7.63% $7,069
    Independent Bank 1 6.25% $16,128
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $8,390
    MORTGAGE 1 INCORPORATED 1 6.99% $4,269
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $19,265
    NEW DAY FINANCIAL, LLC 1 7.75% $9,469
    NEWREZ LLC 1 7.13% $17,685

    The top Holland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $4,166, which is $7,781 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Holland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,166), UNITED WHOLESALE MORTGAGE, LLC ($11,948), .

    The lowest rate Holland VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.20%), Mortgage Research Center, LLC (6.82%), .

    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
    2024-02-01 $423,500 (5.9%) $627,773 (3.7%) 0.00 138
    2024-03-01 $475,000 (18.8%) $655,123 (-1.3%) 0.00 145
    Holland's median listing price for 2024-03-01 was $475,000, a difference of $75,005 (18.8%) versus the prior year and $51,500 versus the prior month.

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

    Holland's average listing price for 2024-03-01 was $655,123, a difference of $-8,471 (-1.3%) versus the prior year and $27,350 versus the prior month.

    For the 2024-03-01 period, Holland had 145 MLS listings, a difference of 7 listings (5%) versus the prior month and 30 listings (26%) 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
    2024-02-01 0 days 2,075 sqft
    2024-03-01 0 days 2,096 sqft
    Holland's median listing age (time on market) for 2024-03-01 was 0 days.

    Holland's median square footage for active listings during the 2024-03-01 period was 2,096 sqft. One year prior, the average listing was 2,058 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.