Hutchinson VA Loan Rates, Closing Costs & Stats

Hutchinson, KS

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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.

    Hutchinson's 25 lenders originated 71 VA loans during 2024. The total origination value was $15,285,000, with an average VA loan value of $215,282.

    Hutchinson VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hutchinson averaged 0.68% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Hutchinson's average VA mortgage closing costs are $4,236.

    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 6.99%.

    The average rate one year ago was 7.19%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.2%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.63% $2,944
    PENNYMAC LOAN SERVICES, LLC 6 6.04% $6,008
    QUICKEN LOANS, LLC 5 6.34% $10,117
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 7.35% $4,844
    FREEDOM MORTGAGE CORPORATION 3 6.58% $12,540
    LAKEVIEW LOAN SERVICING, LLC 2 5.88% $6,516
    LOANDEPOT.COM, LLC 2 5.88% $5,838
    Members Mortgage Services, L.L.C. 2 6.19% $6,746
    American Mortgage Bank, LLC 2 7.00% $5,572
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $1,218
    Flagstar Bank, FSB 2 5.63% $3,524
    FLAT BRANCH MORTGAGE, INC. 2 6.81% $6,198
    GUILD MORTGAGE COMPANY 2 6.69% $4,167
    USAA Federal Savings Bank 2 6.50% $8,261
    NAVY FEDERAL CREDIT UNION 1 6.13% $734
    NEW DAY FINANCIAL, LLC 1 6.38% $4,270
    Paramount Residential Mortgage Group, Inc. 1 6.63% $6,528
    Equity Prime Mortgage LLC 1 7.25% $2,920
    PLANET HOME LENDING, LLC 1 6.75% $3,167
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $1,790
    Carrington Mortgage Services, LLC 1 5.63% $8,437
    The Federal Savings Bank 1 6.25% $6,416
    UNITED WHOLESALE MORTGAGE, LLC 1 5.12% $5,123
    West Gate Bank 1 6.50% $3,219
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.13% $2,992

    The top Hutchinson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $2,944, which is $3,065 lower than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

    The lowest fee Hutchinson VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,944), .

    The lowest rate Hutchinson VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.63%), .

    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.