Iron Mountain VA Loan Rates, Closing Costs & Stats

Iron Mountain, MI-WI

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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.

    Iron Mountain's 15 lenders originated 40 VA loans during 2023. The total origination value was $7,920,000, with an average VA loan value of $198,000.

    Iron Mountain VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Iron Mountain averaged 6.62% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Iron Mountain's average VA mortgage closing costs are $3,801.

    The average rate for the prior week (2024-12-06) was 6.46% and one month ago for the week of 2024-11-08, the average rate was 6.75%.

    The average rate one year ago was 6.7%.

    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.

    Iron Mountain 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 Iron Mountain level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 18 6.64% $4,080
    Flagstar Bank, FSB 3 7.04% $1,854
    NEW DAY FINANCIAL, LLC 3 7.75% $6,692
    USAA Federal Savings Bank 3 6.17% $4,317
    ROYAL UNITED MORTGAGE LLC 2 7.75% $7,294
    QUICKEN LOANS, LLC 2 5.75% $8,407
    The Federal Savings Bank 1 5.25% $10,667
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $3,899
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $1,885
    Wells Fargo Bank 1 7.25% $1,727
    GUARANTEED RATE AFFINITY, LLC 1 6.05% $0
    LOANDEPOT.COM, LLC 1 6.50% $10,271
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $9,572
    NAVY FEDERAL CREDIT UNION 1 6.13% $1,767
    RAPID MORTGAGE COMPANY 1 6.63% $3,119

    The top Iron Mountain VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $4,080, which is $2,226 higher than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Iron Mountain VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,080), .

    The lowest rate Iron Mountain VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.64%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Iron Mountain (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 $129,900 (18.2%) $174,268 (10.0%) 0.00 189
    2018-02-01 $135,000 (8.1%) $181,639 (6.5%) 0.00 197
    2018-03-01 $139,000 (5.0%) $186,136 (8.5%) 0.00 195
    2018-04-01 $139,400 (0.3%) $189,205 (7.9%) 0.00 203
    2018-05-01 $139,900 (0.0%) $189,662 (9.1%) 0.00 229
    2018-06-01 $145,900 (4.3%) $198,473 (9.6%) 0.00 236
    2018-07-01 $157,000 (13.0%) $202,960 (13.3%) 0.00 248
    2018-08-01 $153,350 (11.6%) $198,834 (10.8%) 0.00 268
    2018-09-01 $149,900 (7.8%) $200,477 (13.0%) 0.00 250
    2018-10-01 $149,900 (12.8%) $198,194 (9.7%) 0.00 233
    2018-11-01 $146,200 (12.6%) $195,759 (9.0%) 0.00 228
    2018-12-01 $145,000 (11.8%) $192,085 (10.9%) 0.00 203
    2019-01-01 $139,900 (7.7%) $186,024 (6.8%) 0.00 178
    2019-02-01 $138,725 (2.8%) $186,608 (2.7%) 0.00 168
    2019-03-01 $143,043 (2.9%) $190,547 (2.4%) 0.00 162
    2019-04-01 $149,900 (7.5%) $202,515 (7.0%) 0.00 160
    2019-05-01 $150,550 (7.6%) $211,889 (11.7%) 0.00 161
    2019-06-01 $149,900 (2.7%) $214,756 (8.2%) 0.00 177
    2019-07-01 $149,900 (-4.5%) $211,684 (4.3%) 0.00 200
    2019-08-01 $145,264 (-5.3%) $208,905 (5.1%) 0.00 197
    2019-09-01 $138,309 (-7.7%) $202,837 (1.2%) 0.00 196
    2019-10-01 $132,150 (-11.8%) $198,792 (0.3%) 0.00 197
    2019-11-01 $129,900 (-11.2%) $200,746 (2.6%) 0.00 194
    2019-12-01 $129,900 (-10.4%) $200,979 (4.6%) 0.00 179
    2020-01-01 $133,725 (-4.4%) $201,128 (8.1%) 0.00 154
    2020-02-01 $132,900 (-4.2%) $206,783 (10.8%) 0.00 141
    2020-03-01 $142,400 (-0.5%) $218,264 (14.6%) 0.00 129
    2020-04-01 $147,225 (-1.8%) $247,139 (22.0%) 0.00 123
    2020-05-01 $145,000 (-3.7%) $257,270 (21.4%) 0.00 126
    2020-06-01 $146,250 (-2.4%) $260,336 (21.2%) 0.00 121
    2020-07-01 $175,975 (17.4%) $269,449 (27.3%) 0.00 131
    2020-08-01 $149,900 (3.2%) $252,877 (21.1%) 0.00 126
    2020-09-01 $155,500 (12.4%) $265,207 (30.8%) 0.00 113
    2020-10-01 $142,400 (7.8%) $252,985 (27.3%) 0.00 105
    2020-11-01 $143,650 (10.6%) $244,219 (21.7%) 0.00 107
    2020-12-01 $139,900 (7.7%) $255,812 (27.3%) 0.00 90
    2021-01-01 $144,900 (8.4%) $271,993 (35.2%) 0.00 70
    2021-02-01 $144,925 (9.1%) $297,133 (43.7%) 0.00 60
    2021-03-01 $157,400 (10.5%) $315,133 (44.4%) 0.00 55
    2021-04-01 $169,000 (14.8%) $277,165 (12.2%) 0.00 53
    2021-05-01 $174,000 (20.0%) $255,000 (-0.9%) 0.00 55
    2021-06-01 $179,000 (22.4%) $334,206 (28.4%) 0.00 64
    2021-07-01 $180,850 (2.8%) $374,041 (38.8%) 0.00 69
    2021-08-01 $174,225 (16.2%) $336,955 (33.3%) 0.00 81
    2021-09-01 $171,725 (10.4%) $327,174 (23.4%) 0.00 83
    2021-10-01 $179,900 (26.3%) $348,493 (37.8%) 0.00 80
    2021-11-01 $165,700 (15.4%) $346,183 (41.8%) 0.00 66
    2021-12-01 $169,975 (21.5%) $359,310 (40.5%) 0.00 59
    2022-01-01 $164,900 (13.8%) $364,190 (33.9%) 0.00 48
    2022-02-01 $176,750 (22.0%) $395,288 (33.0%) 0.00 42
    2022-03-01 $228,000 (44.9%) $492,293 (56.2%) 0.00 30
    2022-04-01 $265,500 (57.1%) $481,715 (73.8%) 0.00 37
    2022-05-01 $168,750 (-3.0%) $438,481 (72.0%) 0.00 45
    2022-06-01 $179,500 (0.3%) $393,319 (17.7%) 0.00 52
    2022-07-01 $214,900 (18.8%) $338,187 (-9.6%) 0.00 59
    2022-08-01 $214,900 (23.4%) $309,530 (-8.1%) 0.00 77
    2022-09-01 $187,300 (9.1%) $287,875 (-12.0%) 0.00 79
    2022-10-01 $197,450 (9.8%) $285,369 (-18.1%) 0.00 78
    2022-11-01 $199,900 (20.6%) $287,402 (-17.0%) 0.00 61
    2022-12-01 $179,000 (5.3%) $261,095 (-27.3%) 0.00 59
    2023-01-01 $189,225 (14.8%) $259,025 (-28.9%) 0.00 52
    2023-02-01 $186,725 (5.6%) $319,666 (-19.1%) 0.00 41
    2023-03-01 $186,000 (-18.4%) $308,730 (-37.3%) 0.00 48
    2023-04-01 $189,450 (-28.6%) $307,283 (-36.2%) 0.00 45
    2023-05-01 $202,450 (20.0%) $309,473 (-29.4%) 0.00 46
    2023-06-01 $189,225 (5.4%) $316,833 (-19.5%) 0.00 50
    2023-07-01 $192,400 (-10.5%) $332,781 (-1.6%) 0.00 52
    2023-08-01 $189,225 (-12.0%) $254,465 (-17.8%) 0.00 60
    2023-09-01 $189,900 (1.4%) $333,280 (15.8%) 0.00 60
    2023-10-01 $182,750 (-7.4%) $315,905 (10.7%) 0.00 68
    2023-11-01 $175,925 (-12.0%) $262,372 (-8.7%) 0.00 62
    2023-12-01 $172,250 (-3.8%) $251,491 (-3.7%) 0.00 60
    2024-01-01 $164,900 (-12.9%) $242,888 (-6.2%) 0.00 56
    2024-02-01 $159,900 (-14.4%) $254,371 (-20.4%) 0.00 45
    2024-03-01 $179,900 (-3.3%) $358,095 (16.0%) 0.00 40
    2024-04-01 $179,900 (-5.0%) $391,556 (27.4%) 0.00 33
    2024-05-01 $174,900 (-13.6%) $375,065 (21.2%) 0.00 39
    2024-06-01 $177,400 (-6.3%) $380,816 (20.2%) 0.00 43
    2024-07-01 $174,925 (-9.1%) $326,249 (-2.0%) 0.00 64
    2024-08-01 $168,000 (-11.2%) $275,114 (8.1%) 0.00 70
    2024-09-01 $178,925 (-5.8%) $281,353 (-15.6%) 0.00 81
    2024-10-01 $171,150 (-6.4%) $284,118 (-10.1%) 0.00 87
    2024-11-01 $168,700 (-4.1%) $280,249 (6.8%) 0.00 81
    Iron Mountain's median listing price for 2024-11-01 was $168,700, a difference of $-7,225 (-4.1%) versus the prior year and $-2,450 versus the prior month.

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

    Iron Mountain's average listing price for 2024-11-01 was $280,249, a difference of $17,877 (6.8%) versus the prior year and $-3,869 versus the prior month.

    For the 2024-11-01 period, Iron Mountain had 81 MLS listings, a difference of -6 listings (-7%) versus the prior month and 19 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Iron Mountain (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,424 sqft
    2018-02-01 0 days 1,489 sqft
    2018-03-01 0 days 1,550 sqft
    2018-04-01 0 days 1,558 sqft
    2018-05-01 0 days 1,551 sqft
    2018-06-01 0 days 1,566 sqft
    2018-07-01 0 days 1,565 sqft
    2018-08-01 0 days 1,566 sqft
    2018-09-01 0 days 1,595 sqft
    2018-10-01 0 days 1,600 sqft
    2018-11-01 0 days 1,593 sqft
    2018-12-01 0 days 1,566 sqft
    2019-01-01 0 days 1,514 sqft
    2019-02-01 0 days 1,507 sqft
    2019-03-01 0 days 1,568 sqft
    2019-04-01 0 days 1,665 sqft
    2019-05-01 0 days 1,621 sqft
    2019-06-01 0 days 1,596 sqft
    2019-07-01 0 days 1,593 sqft
    2019-08-01 0 days 1,577 sqft
    2019-09-01 0 days 1,584 sqft
    2019-10-01 0 days 1,562 sqft
    2019-11-01 0 days 1,526 sqft
    2019-12-01 0 days 1,488 sqft
    2020-01-01 0 days 1,455 sqft
    2020-02-01 0 days 1,456 sqft
    2020-03-01 0 days 1,555 sqft
    2020-04-01 0 days 1,562 sqft
    2020-05-01 0 days 1,564 sqft
    2020-06-01 0 days 1,571 sqft
    2020-07-01 0 days 1,563 sqft
    2020-08-01 0 days 1,548 sqft
    2020-09-01 0 days 1,509 sqft
    2020-10-01 0 days 1,491 sqft
    2020-11-01 0 days 1,524 sqft
    2020-12-01 0 days 1,535 sqft
    2021-01-01 0 days 1,510 sqft
    2021-02-01 0 days 1,508 sqft
    2021-03-01 0 days 1,553 sqft
    2021-04-01 0 days 1,575 sqft
    2021-05-01 0 days 1,580 sqft
    2021-06-01 0 days 1,560 sqft
    2021-07-01 0 days 1,481 sqft
    2021-08-01 0 days 1,557 sqft
    2021-09-01 0 days 1,530 sqft
    2021-10-01 0 days 1,488 sqft
    2021-11-01 0 days 1,409 sqft
    2021-12-01 0 days 1,396 sqft
    2022-01-01 0 days 1,374 sqft
    2022-02-01 0 days 1,442 sqft
    2022-03-01 0 days 1,400 sqft
    2022-04-01 0 days 1,618 sqft
    2022-05-01 0 days 1,337 sqft
    2022-06-01 0 days 1,429 sqft
    2022-07-01 0 days 1,421 sqft
    2022-08-01 0 days 1,535 sqft
    2022-09-01 0 days 1,422 sqft
    2022-10-01 0 days 1,482 sqft
    2022-11-01 0 days 1,473 sqft
    2022-12-01 0 days 1,512 sqft
    2023-01-01 0 days 1,525 sqft
    2023-02-01 0 days 1,443 sqft
    2023-03-01 0 days 1,488 sqft
    2023-04-01 0 days 1,581 sqft
    2023-05-01 0 days 1,452 sqft
    2023-06-01 0 days 1,519 sqft
    2023-07-01 0 days 1,497 sqft
    2023-08-01 0 days 1,500 sqft
    2023-09-01 0 days 1,600 sqft
    2023-10-01 0 days 1,633 sqft
    2023-11-01 0 days 1,578 sqft
    2023-12-01 0 days 1,510 sqft
    2024-01-01 0 days 1,452 sqft
    2024-02-01 0 days 1,432 sqft
    2024-03-01 0 days 1,504 sqft
    2024-04-01 0 days 1,467 sqft
    2024-05-01 0 days 1,490 sqft
    2024-06-01 0 days 1,691 sqft
    2024-07-01 0 days 1,536 sqft
    2024-08-01 0 days 1,362 sqft
    2024-09-01 0 days 1,475 sqft
    2024-10-01 0 days 1,392 sqft
    2024-11-01 0 days 1,430 sqft
    Iron Mountain's median listing age (time on market) for 2024-11-01 was 0 days.

    Iron Mountain's median square footage for active listings during the 2024-11-01 period was 1,430 sqft. One year prior, the average listing was 1,578 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.