Ithaca VA Loan Rates, Closing Costs & Stats
ITHACA, NY
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.
Ithaca's 10 lenders originated 18 VA loans during 2023. The total origination value was $5,090,000, with an average VA loan value of $282,778.
Ithaca VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Ithaca
averaged
6.16%
for the week of 2025-02-14, compared to the national average (all VA variants) of
6.428% for the same period.
Ithaca's average VA mortgage closing costs are $6,237.
The average rate for the prior week (2025-02-07) was
6.09% and
one month ago for the week of 2025-01-10, the
average rate was 6.13%.
The average rate one year ago was 5.85%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.23%.
Ithaca 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 Ithaca level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Mortgage Research Center, LLC | 5 | 6.33% | $4,625 |
Barrington Bank & Trust Company, N.A. | 2 | 6.50% | $6,200 |
MOVEMENT MORTGAGE, LLC | 2 | 6.69% | $8,715 |
NAVY FEDERAL CREDIT UNION | 2 | 5.63% | $16,111 |
QUICKEN LOANS, LLC | 2 | 6.18% | $6,741 |
The Federal Savings Bank | 1 | 8.50% | $4,970 |
PARAGON HOME LOANS INC. | 1 | 6.50% | $10,124 |
Community Bank | 1 | 6.75% | $3,008 |
CFCU Community Credit Union | 1 | 6.25% | $2,601 |
USAA Federal Savings Bank | 1 | 7.50% | $9,144 |
The top Ithaca VA lender as defined by loan originations is Mortgage Research Center, LLC, with
5 VA loans originated. Their average total fees are
$4,625, which is $1,574
lower than the next largest lender,
Barrington Bank & Trust Company, N.A..
The lowest fee Ithaca VA lenders (with over 10 loans originated) are
.
The lowest rate Ithaca VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ithaca (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 | $240,000 (-1.5%) | $329,192 (6.6%) | 0.00 | 181 |
2018-02-01 | $254,725 (-1.3%) | $331,638 (1.0%) | 0.00 | 175 |
2018-03-01 | $268,500 (-3.2%) | $334,450 (-1.7%) | 0.00 | 193 |
2018-04-01 | $264,167 (-5.6%) | $328,622 (-3.9%) | 0.00 | 213 |
2018-05-01 | $284,700 (1.3%) | $335,569 (-4.6%) | 0.00 | 238 |
2018-06-01 | $269,000 (-3.9%) | $329,591 (-8.0%) | 0.00 | 266 |
2018-07-01 | $259,175 (-7.4%) | $314,746 (-10.0%) | 0.00 | 270 |
2018-08-01 | $251,150 (-6.7%) | $308,292 (-10.4%) | 0.00 | 274 |
2018-09-01 | $250,000 (-5.6%) | $313,434 (-7.5%) | 0.00 | 267 |
2018-10-01 | $253,250 (-8.0%) | $309,273 (-9.7%) | 0.00 | 247 |
2018-11-01 | $250,875 (-6.4%) | $322,854 (-4.4%) | 0.00 | 218 |
2018-12-01 | $239,000 (-8.0%) | $332,772 (-1.8%) | 0.00 | 190 |
2019-01-01 | $235,500 (-1.9%) | $330,393 (0.4%) | 0.00 | 169 |
2019-02-01 | $239,450 (-6.0%) | $341,703 (3.0%) | 0.00 | 186 |
2019-03-01 | $261,286 (-2.7%) | $366,936 (9.7%) | 0.00 | 216 |
2019-04-01 | $272,911 (3.3%) | $373,016 (13.5%) | 0.00 | 239 |
2019-05-01 | $271,500 (-4.6%) | $375,032 (11.8%) | 0.00 | 254 |
2019-06-01 | $275,000 (2.2%) | $350,098 (6.2%) | 0.00 | 277 |
2019-07-01 | $274,475 (5.9%) | $348,780 (10.8%) | 0.00 | 265 |
2019-08-01 | $275,182 (9.6%) | $347,562 (12.7%) | 0.00 | 261 |
2019-09-01 | $269,455 (7.8%) | $342,292 (9.2%) | 0.00 | 257 |
2019-10-01 | $262,500 (3.7%) | $334,772 (8.2%) | 0.00 | 248 |
2019-11-01 | $249,250 (-0.7%) | $315,415 (-2.3%) | 0.00 | 221 |
2019-12-01 | $249,900 (4.6%) | $325,364 (-2.2%) | 0.00 | 178 |
2020-01-01 | $249,375 (5.9%) | $329,766 (-0.2%) | 0.00 | 148 |
2020-02-01 | $270,000 (12.8%) | $351,654 (2.9%) | 0.00 | 149 |
2020-03-01 | $276,200 (5.7%) | $354,569 (-3.4%) | 0.00 | 170 |
2020-04-01 | $275,000 (0.8%) | $353,236 (-5.3%) | 0.00 | 160 |
2020-05-01 | $299,000 (10.1%) | $373,227 (-0.5%) | 0.00 | 168 |
2020-06-01 | $292,450 (6.4%) | $355,559 (1.6%) | 0.00 | 176 |
2020-07-01 | $284,950 (3.8%) | $344,456 (-1.2%) | 0.00 | 192 |
2020-08-01 | $280,000 (1.8%) | $343,513 (-1.2%) | 0.00 | 171 |
2020-09-01 | $281,225 (4.4%) | $363,421 (6.2%) | 0.00 | 146 |
2020-10-01 | $283,700 (8.1%) | $366,626 (9.5%) | 0.00 | 132 |
2020-11-01 | $271,450 (8.9%) | $388,797 (23.3%) | 0.00 | 128 |
2020-12-01 | $272,625 (9.1%) | $397,365 (22.1%) | 0.00 | 118 |
2021-01-01 | $294,000 (17.9%) | $451,170 (36.8%) | 0.00 | 91 |
2021-02-01 | $298,875 (10.7%) | $440,031 (25.1%) | 0.00 | 82 |
2021-03-01 | $302,000 (9.3%) | $422,499 (19.2%) | 0.00 | 67 |
2021-04-01 | $298,000 (8.4%) | $420,636 (19.1%) | 0.00 | 67 |
2021-05-01 | $300,000 (0.3%) | $435,973 (16.8%) | 0.00 | 82 |
2021-06-01 | $296,000 (1.2%) | $402,824 (13.3%) | 0.00 | 77 |
2021-07-01 | $266,950 (-6.3%) | $368,824 (7.1%) | 0.00 | 87 |
2021-08-01 | $292,500 (4.5%) | $401,818 (17.0%) | 0.00 | 87 |
2021-09-01 | $274,000 (-2.6%) | $394,802 (8.6%) | 0.00 | 73 |
2021-10-01 | $275,000 (-3.1%) | $384,559 (4.9%) | 0.00 | 57 |
2021-11-01 | $288,000 (6.1%) | $387,499 (-0.3%) | 0.00 | 61 |
2021-12-01 | $291,500 (6.9%) | $383,974 (-3.4%) | 0.00 | 41 |
2022-01-01 | $327,000 (11.2%) | $437,976 (-2.9%) | 0.00 | 37 |
2022-02-01 | $355,000 (18.8%) | $429,471 (-2.4%) | 0.00 | 41 |
2022-03-01 | $394,250 (30.6%) | $477,373 (13.0%) | 0.00 | 58 |
2022-04-01 | $375,000 (25.8%) | $468,457 (11.4%) | 0.00 | 64 |
2022-05-01 | $383,725 (27.9%) | $492,394 (12.9%) | 0.00 | 81 |
2022-06-01 | $352,450 (19.1%) | $472,688 (17.3%) | 0.00 | 91 |
2022-07-01 | $345,000 (29.2%) | $440,729 (19.5%) | 0.00 | 108 |
2022-08-01 | $333,725 (14.1%) | $450,200 (12.0%) | 0.00 | 105 |
2022-09-01 | $319,950 (16.8%) | $439,609 (11.4%) | 0.00 | 106 |
2022-10-01 | $317,450 (15.4%) | $453,546 (17.9%) | 0.00 | 95 |
2022-11-01 | $327,450 (13.7%) | $488,629 (26.1%) | 0.00 | 72 |
2022-12-01 | $325,000 (11.5%) | $492,158 (28.2%) | 0.00 | 67 |
2023-01-01 | $356,250 (8.9%) | $518,093 (18.3%) | 0.00 | 43 |
2023-02-01 | $376,725 (6.1%) | $534,104 (24.4%) | 0.00 | 51 |
2023-03-01 | $386,750 (-1.9%) | $545,365 (14.2%) | 0.00 | 61 |
2023-04-01 | $447,000 (19.2%) | $599,029 (27.9%) | 0.00 | 70 |
2023-05-01 | $413,700 (7.8%) | $567,570 (15.3%) | 0.00 | 72 |
2023-06-01 | $417,500 (18.5%) | $548,951 (16.1%) | 0.00 | 73 |
2023-07-01 | $349,450 (1.3%) | $474,137 (7.6%) | 0.00 | 75 |
2023-08-01 | $328,750 (-1.5%) | $457,284 (1.6%) | 0.00 | 86 |
2023-09-01 | $334,999 (4.7%) | $463,283 (5.4%) | 0.00 | 70 |
2023-10-01 | $334,999 (5.5%) | $494,068 (8.9%) | 0.00 | 68 |
2023-11-01 | $360,700 (10.2%) | $506,185 (3.6%) | 0.00 | 67 |
2023-12-01 | $349,000 (7.4%) | $445,168 (-9.6%) | 0.00 | 77 |
2024-01-01 | $345,277 (-3.1%) | $481,381 (-7.1%) | 0.00 | 49 |
2024-02-01 | $380,000 (0.9%) | $521,391 (-2.4%) | 0.00 | 52 |
2024-03-01 | $385,000 (-0.5%) | $530,094 (-2.8%) | 0.00 | 53 |
2024-04-01 | $392,500 (-12.2%) | $530,299 (-11.5%) | 0.00 | 78 |
2024-05-01 | $454,750 (9.9%) | $568,914 (0.2%) | 0.00 | 98 |
2024-06-01 | $425,000 (1.8%) | $539,049 (-1.8%) | 0.00 | 101 |
2024-07-01 | $431,175 (23.4%) | $536,097 (13.1%) | 0.00 | 103 |
2024-08-01 | $399,000 (21.4%) | $527,441 (15.3%) | 0.00 | 102 |
2024-09-01 | $398,250 (18.9%) | $521,563 (12.6%) | 0.00 | 96 |
2024-10-01 | $398,750 (19.0%) | $515,219 (4.3%) | 0.00 | 97 |
2024-11-01 | $396,950 (10.1%) | $509,383 (0.6%) | 0.00 | 96 |
2024-12-01 | $402,450 (15.3%) | $525,769 (18.1%) | 0.00 | 84 |
2025-01-01 | $434,875 (26.0%) | $551,358 (14.5%) | 0.00 | 65 |
Ithaca's median listing price comes in at 0% of the national average.
Ithaca's average listing price for 2025-01-01 was $551,358, a difference of $69,977 (14.5%) versus the prior year and $25,589 versus the prior month.
For the 2025-01-01 period, Ithaca had 65 MLS listings, a difference of -19 listings (-23%) versus the prior month and 16 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ithaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,990 sqft |
2018-02-01 | 0 days | 1,980 sqft |
2018-03-01 | 0 days | 2,056 sqft |
2018-04-01 | 0 days | 2,009 sqft |
2018-05-01 | 0 days | 2,036 sqft |
2018-06-01 | 0 days | 2,020 sqft |
2018-07-01 | 0 days | 1,975 sqft |
2018-08-01 | 0 days | 1,958 sqft |
2018-09-01 | 0 days | 1,968 sqft |
2018-10-01 | 0 days | 2,003 sqft |
2018-11-01 | 0 days | 1,911 sqft |
2018-12-01 | 0 days | 1,828 sqft |
2019-01-01 | 0 days | 1,798 sqft |
2019-02-01 | 0 days | 1,793 sqft |
2019-03-01 | 0 days | 1,957 sqft |
2019-04-01 | 0 days | 2,028 sqft |
2019-05-01 | 0 days | 1,963 sqft |
2019-06-01 | 0 days | 1,940 sqft |
2019-07-01 | 0 days | 2,016 sqft |
2019-08-01 | 0 days | 2,070 sqft |
2019-09-01 | 0 days | 2,103 sqft |
2019-10-01 | 0 days | 2,120 sqft |
2019-11-01 | 0 days | 2,046 sqft |
2019-12-01 | 0 days | 2,005 sqft |
2020-01-01 | 0 days | 2,051 sqft |
2020-02-01 | 0 days | 2,012 sqft |
2020-03-01 | 0 days | 1,927 sqft |
2020-04-01 | 0 days | 1,892 sqft |
2020-05-01 | 0 days | 1,946 sqft |
2020-06-01 | 0 days | 1,984 sqft |
2020-07-01 | 0 days | 1,968 sqft |
2020-08-01 | 0 days | 2,030 sqft |
2020-09-01 | 0 days | 2,036 sqft |
2020-10-01 | 0 days | 2,072 sqft |
2020-11-01 | 0 days | 2,061 sqft |
2020-12-01 | 0 days | 2,077 sqft |
2021-01-01 | 0 days | 2,207 sqft |
2021-02-01 | 0 days | 2,063 sqft |
2021-03-01 | 0 days | 1,943 sqft |
2021-04-01 | 0 days | 1,784 sqft |
2021-05-01 | 0 days | 1,860 sqft |
2021-06-01 | 0 days | 1,844 sqft |
2021-07-01 | 0 days | 1,794 sqft |
2021-08-01 | 0 days | 1,925 sqft |
2021-09-01 | 0 days | 1,832 sqft |
2021-10-01 | 0 days | 1,804 sqft |
2021-11-01 | 0 days | 1,867 sqft |
2021-12-01 | 0 days | 1,920 sqft |
2022-01-01 | 0 days | 2,106 sqft |
2022-02-01 | 0 days | 2,273 sqft |
2022-03-01 | 0 days | 2,077 sqft |
2022-04-01 | 0 days | 2,054 sqft |
2022-05-01 | 0 days | 2,093 sqft |
2022-06-01 | 0 days | 2,063 sqft |
2022-07-01 | 0 days | 2,088 sqft |
2022-08-01 | 0 days | 2,039 sqft |
2022-09-01 | 0 days | 1,957 sqft |
2022-10-01 | 0 days | 1,883 sqft |
2022-11-01 | 0 days | 2,161 sqft |
2022-12-01 | 0 days | 2,129 sqft |
2023-01-01 | 0 days | 2,418 sqft |
2023-02-01 | 0 days | 2,561 sqft |
2023-03-01 | 0 days | 2,556 sqft |
2023-04-01 | 0 days | 2,685 sqft |
2023-05-01 | 0 days | 2,472 sqft |
2023-06-01 | 0 days | 2,472 sqft |
2023-07-01 | 0 days | 2,180 sqft |
2023-08-01 | 0 days | 1,918 sqft |
2023-09-01 | 0 days | 1,857 sqft |
2023-10-01 | 0 days | 2,120 sqft |
2023-11-01 | 0 days | 2,203 sqft |
2023-12-01 | 0 days | 2,018 sqft |
2024-01-01 | 0 days | 2,052 sqft |
2024-02-01 | 0 days | 2,030 sqft |
2024-03-01 | 0 days | 1,992 sqft |
2024-04-01 | 0 days | 2,029 sqft |
2024-05-01 | 0 days | 2,188 sqft |
2024-06-01 | 0 days | 2,160 sqft |
2024-07-01 | 0 days | 2,138 sqft |
2024-08-01 | 0 days | 1,972 sqft |
2024-09-01 | 0 days | 1,906 sqft |
2024-10-01 | 0 days | 1,924 sqft |
2024-11-01 | 0 days | 1,962 sqft |
2024-12-01 | 0 days | 2,043 sqft |
2025-01-01 | 0 days | 2,198 sqft |
Ithaca's median square footage for active listings during the 2025-01-01 period was 2,198 sqft. One year prior, the average listing was 2,052 sqft.