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 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 6.54% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Hutchinson's average VA mortgage closing costs are $4,121.

    The average rate for the prior week (2024-12-06) was 6.37% and one month ago for the week of 2024-11-08, the average rate was 6.67%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

    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 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. Louis
    Date 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 for 2024-11-01 was $176,150, a difference of $41,250 (30.6%) versus the prior year and $-1,700 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2024-11-01 was 0 days.

    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.

    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.