Hutchinson VA Loan Rates, Closing Costs & Stats
Hutchinson, KS
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.
Hutchinson's 17 lenders originated 45 VA loans during 2023. The total origination value was $8,475,000, with an average VA loan value of $188,333.
Hutchinson VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Hutchinson
averaged
6.3%
for the week of 2024-12-06, compared to the national average (all VA variants) of
6.143% for the same period.
Hutchinson's average VA mortgage closing costs are $4,121.
The average rate for the prior week (2024-11-29) was
6.5% and
one month ago for the week of 2024-11-01, the
average rate was 6.85%.
The average rate one year ago was 6.9%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.34%.
Hutchinson 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 Hutchinson level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Mortgage Research Center, LLC | 18 | 6.87% | $4,011 |
PRIMARY RESIDENTIAL MORTGAGE, INC. | 5 | 6.95% | $10,913 |
USAA Federal Savings Bank | 3 | 6.38% | $7,170 |
QUICKEN LOANS, LLC | 2 | 6.37% | $3,476 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 7.43% | $1,401 |
LOANPAL, LLC | 1 | 6.38% | $6,934 |
MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 7.75% | $2,495 |
CARDINAL FINANCIAL | 1 | 5.25% | $4,113 |
OPEN MORTGAGE, LLC | 1 | 6.63% | $4,128 |
PENNYMAC LOAN SERVICES, LLC | 1 | 5.75% | $11,225 |
RCB Bank | 1 | 6.25% | $10,256 |
Sierra Pacific Mortgage Company, Inc. | 1 | 7.63% | $3,656 |
NAVY FEDERAL CREDIT UNION | 1 | 5.75% | $8,457 |
Flagstar Bank, FSB | 1 | 5.13% | $7,758 |
Gateway First Bank | 1 | 6.25% | $1,736 |
GUILD MORTGAGE COMPANY | 1 | 6.50% | $9,477 |
LOANDEPOT.COM, LLC | 1 | 6.25% | $4,318 |
The top Hutchinson VA lender as defined by loan originations is Mortgage Research Center, LLC, with
18 VA loans originated. Their average total fees are
$4,011, which is $6,901
lower than the next largest lender,
PRIMARY RESIDENTIAL MORTGAGE, INC..
The lowest fee Hutchinson VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,011), .
The lowest rate Hutchinson VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.87%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hutchinson (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 | $99,438 (4.7%) | $144,853 (3.1%) | 0.00 | 250 |
2018-02-01 | $99,925 (-5.2%) | $144,397 (-2.4%) | 0.00 | 236 |
2018-03-01 | $105,950 (-1.7%) | $146,945 (0.3%) | 0.00 | 239 |
2018-04-01 | $106,725 (-8.8%) | $147,406 (-3.3%) | 0.00 | 247 |
2018-05-01 | $110,550 (-4.9%) | $154,421 (0.5%) | 0.00 | 259 |
2018-06-01 | $115,000 (-0.4%) | $159,645 (2.1%) | 0.00 | 283 |
2018-07-01 | $119,050 (3.5%) | $170,224 (8.4%) | 0.00 | 281 |
2018-08-01 | $115,000 (4.6%) | $169,026 (13.5%) | 0.00 | 283 |
2018-09-01 | $115,900 (0.1%) | $174,397 (16.2%) | 0.00 | 275 |
2018-10-01 | $115,750 (-0.8%) | $172,155 (11.2%) | 0.00 | 286 |
2018-11-01 | $112,700 (0.2%) | $166,216 (9.4%) | 0.00 | 283 |
2018-12-01 | $108,250 (-1.5%) | $165,831 (10.9%) | 0.00 | 266 |
2019-01-01 | $104,300 (4.9%) | $160,020 (10.5%) | 0.00 | 249 |
2019-02-01 | $101,550 (1.6%) | $159,180 (10.2%) | 0.00 | 224 |
2019-03-01 | $109,714 (3.6%) | $172,236 (17.2%) | 0.00 | 216 |
2019-04-01 | $115,000 (7.8%) | $179,391 (21.7%) | 0.00 | 217 |
2019-05-01 | $125,000 (13.1%) | $184,140 (19.3%) | 0.00 | 218 |
2019-06-01 | $109,900 (-4.4%) | $176,680 (10.7%) | 0.00 | 214 |
2019-07-01 | $99,700 (-16.3%) | $167,023 (-1.9%) | 0.00 | 238 |
2019-08-01 | $102,745 (-10.7%) | $168,505 (-0.3%) | 0.00 | 240 |
2019-09-01 | $108,514 (-6.4%) | $172,901 (-0.9%) | 0.00 | 239 |
2019-10-01 | $113,750 (-1.7%) | $176,092 (2.3%) | 0.00 | 239 |
2019-11-01 | $112,000 (-0.6%) | $172,310 (3.7%) | 0.00 | 254 |
2019-12-01 | $99,950 (-7.7%) | $168,519 (1.6%) | 0.00 | 245 |
2020-01-01 | $99,900 (-4.2%) | $164,911 (3.1%) | 0.00 | 231 |
2020-02-01 | $99,900 (-1.6%) | $161,884 (1.7%) | 0.00 | 228 |
2020-03-01 | $105,750 (-3.6%) | $167,924 (-2.5%) | 0.00 | 203 |
2020-04-01 | $107,700 (-6.4%) | $169,338 (-5.6%) | 0.00 | 176 |
2020-05-01 | $114,900 (-8.1%) | $177,732 (-3.5%) | 0.00 | 151 |
2020-06-01 | $102,313 (-6.9%) | $192,159 (8.8%) | 0.00 | 129 |
2020-07-01 | $121,475 (21.8%) | $201,010 (20.4%) | 0.00 | 131 |
2020-08-01 | $119,900 (16.7%) | $204,966 (21.6%) | 0.00 | 106 |
2020-09-01 | $119,900 (10.5%) | $195,525 (13.1%) | 0.00 | 108 |
2020-10-01 | $104,500 (-8.1%) | $170,054 (-3.4%) | 0.00 | 107 |
2020-11-01 | $92,935 (-17.0%) | $159,007 (-7.7%) | 0.00 | 96 |
2020-12-01 | $109,950 (10.0%) | $175,135 (3.9%) | 0.00 | 89 |
2021-01-01 | $94,900 (-5.0%) | $168,918 (2.4%) | 0.00 | 65 |
2021-02-01 | $99,900 (0.0%) | $158,046 (-2.4%) | 0.00 | 46 |
2021-03-01 | $106,975 (1.2%) | $200,450 (19.4%) | 0.00 | 44 |
2021-04-01 | $114,325 (6.2%) | $193,806 (14.5%) | 0.00 | 54 |
2021-05-01 | $139,950 (21.8%) | $217,868 (22.6%) | 0.00 | 51 |
2021-06-01 | $135,800 (32.7%) | $220,486 (14.7%) | 0.00 | 61 |
2021-07-01 | $140,000 (15.3%) | $212,251 (5.6%) | 0.00 | 66 |
2021-08-01 | $136,175 (13.6%) | $206,624 (0.8%) | 0.00 | 67 |
2021-09-01 | $111,725 (-6.8%) | $177,322 (-9.3%) | 0.00 | 67 |
2021-10-01 | $109,900 (5.2%) | $163,228 (-4.0%) | 0.00 | 74 |
2021-11-01 | $88,900 (-4.3%) | $161,753 (1.7%) | 0.00 | 69 |
2021-12-01 | $90,425 (-17.8%) | $144,596 (-17.4%) | 0.00 | 54 |
2022-01-01 | $95,000 (0.1%) | $169,412 (0.3%) | 0.00 | 49 |
2022-02-01 | $94,450 (-5.5%) | $161,549 (2.2%) | 0.00 | 45 |
2022-03-01 | $104,950 (-1.9%) | $175,757 (-12.3%) | 0.00 | 44 |
2022-04-01 | $115,000 (0.6%) | $170,524 (-12.0%) | 0.00 | 53 |
2022-05-01 | $129,525 (-7.5%) | $172,090 (-21.0%) | 0.00 | 65 |
2022-06-01 | $131,500 (-3.2%) | $185,904 (-15.7%) | 0.00 | 57 |
2022-07-01 | $125,000 (-10.7%) | $197,864 (-6.8%) | 0.00 | 59 |
2022-08-01 | $122,500 (-10.0%) | $163,217 (-21.0%) | 0.00 | 67 |
2022-09-01 | $118,225 (5.8%) | $158,768 (-10.5%) | 0.00 | 79 |
2022-10-01 | $114,900 (4.6%) | $149,483 (-8.4%) | 0.00 | 79 |
2022-11-01 | $107,100 (20.5%) | $149,681 (-7.5%) | 0.00 | 75 |
2022-12-01 | $122,400 (35.4%) | $145,526 (0.6%) | 0.00 | 76 |
2023-01-01 | $136,225 (43.4%) | $162,149 (-4.3%) | 0.00 | 81 |
2023-02-01 | $146,500 (55.1%) | $167,594 (3.7%) | 0.00 | 75 |
2023-03-01 | $142,450 (35.7%) | $163,872 (-6.8%) | 0.00 | 69 |
2023-04-01 | $135,000 (17.4%) | $169,886 (-0.4%) | 0.00 | 66 |
2023-05-01 | $142,500 (10.0%) | $167,752 (-2.5%) | 0.00 | 73 |
2023-06-01 | $140,425 (6.8%) | $173,964 (-6.4%) | 0.00 | 93 |
2023-07-01 | $142,450 (14.0%) | $173,205 (-12.5%) | 0.00 | 102 |
2023-08-01 | $120,000 (-2.0%) | $165,635 (1.5%) | 0.00 | 94 |
2023-09-01 | $142,450 (20.5%) | $175,126 (10.3%) | 0.00 | 90 |
2023-10-01 | $145,450 (26.6%) | $188,396 (26.0%) | 0.00 | 99 |
2023-11-01 | $134,900 (26.0%) | $186,966 (24.9%) | 0.00 | 105 |
2023-12-01 | $149,800 (22.4%) | $199,466 (37.1%) | 0.00 | 98 |
2024-01-01 | $146,725 (7.7%) | $189,885 (17.1%) | 0.00 | 73 |
2024-02-01 | $139,500 (-4.8%) | $187,408 (11.8%) | 0.00 | 76 |
2024-03-01 | $140,000 (-1.7%) | $210,689 (28.6%) | 0.00 | 76 |
2024-04-01 | $154,450 (14.4%) | $256,199 (50.8%) | 0.00 | 77 |
2024-05-01 | $156,675 (10.0%) | $248,568 (48.2%) | 0.00 | 84 |
2024-06-01 | $159,250 (13.4%) | $264,890 (52.3%) | 0.00 | 90 |
2024-07-01 | $148,825 (4.5%) | $253,504 (46.4%) | 0.00 | 99 |
2024-08-01 | $169,450 (41.2%) | $261,057 (57.6%) | 0.00 | 115 |
2024-09-01 | $164,675 (15.6%) | $250,862 (43.3%) | 0.00 | 127 |
2024-10-01 | $177,850 (22.3%) | $249,351 (32.4%) | 0.00 | 136 |
2024-11-01 | $176,150 (30.6%) | $244,195 (30.6%) | 0.00 | 121 |
Hutchinson's median listing price comes in at 0% of the national average.
Hutchinson's average listing price for 2024-11-01 was $244,195, a difference of $57,229 (30.6%) versus the prior year and $-5,156 versus the prior month.
For the 2024-11-01 period, Hutchinson had 121 MLS listings, a difference of -15 listings (-11%) versus the prior month and 16 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hutchinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,721 sqft |
2018-02-01 | 0 days | 1,673 sqft |
2018-03-01 | 0 days | 1,717 sqft |
2018-04-01 | 0 days | 1,643 sqft |
2018-05-01 | 0 days | 1,649 sqft |
2018-06-01 | 0 days | 1,720 sqft |
2018-07-01 | 0 days | 1,728 sqft |
2018-08-01 | 0 days | 1,721 sqft |
2018-09-01 | 0 days | 1,728 sqft |
2018-10-01 | 0 days | 1,787 sqft |
2018-11-01 | 0 days | 1,730 sqft |
2018-12-01 | 0 days | 1,698 sqft |
2019-01-01 | 0 days | 1,697 sqft |
2019-02-01 | 0 days | 1,707 sqft |
2019-03-01 | 0 days | 1,717 sqft |
2019-04-01 | 0 days | 1,721 sqft |
2019-05-01 | 0 days | 1,779 sqft |
2019-06-01 | 0 days | 1,770 sqft |
2019-07-01 | 0 days | 1,678 sqft |
2019-08-01 | 0 days | 1,661 sqft |
2019-09-01 | 0 days | 1,686 sqft |
2019-10-01 | 0 days | 1,725 sqft |
2019-11-01 | 0 days | 1,717 sqft |
2019-12-01 | 0 days | 1,660 sqft |
2020-01-01 | 0 days | 1,664 sqft |
2020-02-01 | 0 days | 1,644 sqft |
2020-03-01 | 0 days | 1,709 sqft |
2020-04-01 | 0 days | 1,766 sqft |
2020-05-01 | 0 days | 1,783 sqft |
2020-06-01 | 0 days | 1,752 sqft |
2020-07-01 | 0 days | 1,823 sqft |
2020-08-01 | 0 days | 1,858 sqft |
2020-09-01 | 0 days | 1,792 sqft |
2020-10-01 | 0 days | 1,654 sqft |
2020-11-01 | 0 days | 1,549 sqft |
2020-12-01 | 0 days | 1,653 sqft |
2021-01-01 | 0 days | 1,484 sqft |
2021-02-01 | 0 days | 1,523 sqft |
2021-03-01 | 0 days | 1,768 sqft |
2021-04-01 | 0 days | 1,696 sqft |
2021-05-01 | 0 days | 1,728 sqft |
2021-06-01 | 0 days | 1,720 sqft |
2021-07-01 | 0 days | 1,761 sqft |
2021-08-01 | 0 days | 1,724 sqft |
2021-09-01 | 0 days | 1,629 sqft |
2021-10-01 | 0 days | 1,536 sqft |
2021-11-01 | 0 days | 1,468 sqft |
2021-12-01 | 0 days | 1,432 sqft |
2022-01-01 | 0 days | 1,534 sqft |
2022-02-01 | 0 days | 1,458 sqft |
2022-03-01 | 0 days | 1,481 sqft |
2022-04-01 | 0 days | 1,498 sqft |
2022-05-01 | 0 days | 1,505 sqft |
2022-06-01 | 0 days | 1,554 sqft |
2022-07-01 | 0 days | 1,585 sqft |
2022-08-01 | 0 days | 1,528 sqft |
2022-09-01 | 0 days | 1,510 sqft |
2022-10-01 | 0 days | 1,454 sqft |
2022-11-01 | 0 days | 1,386 sqft |
2022-12-01 | 0 days | 1,436 sqft |
2023-01-01 | 0 days | 1,496 sqft |
2023-02-01 | 0 days | 1,579 sqft |
2023-03-01 | 0 days | 1,562 sqft |
2023-04-01 | 0 days | 1,607 sqft |
2023-05-01 | 0 days | 1,772 sqft |
2023-06-01 | 0 days | 1,656 sqft |
2023-07-01 | 0 days | 1,760 sqft |
2023-08-01 | 0 days | 1,545 sqft |
2023-09-01 | 0 days | 1,722 sqft |
2023-10-01 | 0 days | 1,752 sqft |
2023-11-01 | 0 days | 1,737 sqft |
2023-12-01 | 0 days | 1,677 sqft |
2024-01-01 | 0 days | 1,645 sqft |
2024-02-01 | 0 days | 1,714 sqft |
2024-03-01 | 0 days | 1,648 sqft |
2024-04-01 | 0 days | 1,652 sqft |
2024-05-01 | 0 days | 1,637 sqft |
2024-06-01 | 0 days | 1,678 sqft |
2024-07-01 | 0 days | 1,630 sqft |
2024-08-01 | 0 days | 1,816 sqft |
2024-09-01 | 0 days | 1,816 sqft |
2024-10-01 | 0 days | 1,816 sqft |
2024-11-01 | 0 days | 1,813 sqft |
Hutchinson's median square footage for active listings during the 2024-11-01 period was 1,813 sqft. One year prior, the average listing was 1,737 sqft.