Ithaca VA Loan Rates, Closing Costs & Stats

ITHACA, NY

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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.

    Ithaca's 8 lenders originated 12 VA loans during 2024. The total origination value was $5,170,000, with an average VA loan value of $430,833.

    Ithaca VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ithaca averaged 0.04% for the week of 2026-09-11, compared to the national average (all VA variants) of 0% for the same period.

    Ithaca's average VA mortgage closing costs are $6,395.

    The average rate for the prior week (2026-09-04) was 6.63% and one month ago for the week of 2026-08-07, the average rate was 6.62%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2026-09-11, the average rate was 0.2%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 5 6.70% $7,439
    AMERICU Credit Union 1 6.00% $5,572
    MOVEMENT MORTGAGE, LLC 1 6.75% $20,636
    NAVY FEDERAL CREDIT UNION 1 6.13% $11,278
    NORTHERN CREDIT UNION 1 5.99% $8,747
    QUICKEN LOANS, LLC 1 6.49% $11,117
    1ST PRIORITY MORTGAGE, INC. 1 6.25% $4,747
    USAA Federal Savings Bank 1 6.75% $5,473

    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 $7,439, which is $1,867 higher than the next largest lender, AMERICU Credit Union.

    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. Louis
    Date 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 $264,900 (-7.0%) $368,824 (7.1%) 0.00 87
    2021-08-01 $290,000 (3.6%) $400,592 (16.6%) 0.00 88
    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 (30.2%) $440,729 (19.5%) 0.00 108
    2022-08-01 $333,725 (15.1%) $450,200 (12.4%) 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 $429,425 (22.9%) $535,662 (13.0%) 0.00 110
    2024-08-01 $399,000 (21.4%) $525,273 (14.9%) 0.00 112
    2024-09-01 $391,250 (16.8%) $507,499 (9.5%) 0.00 105
    2024-10-01 $395,000 (17.9%) $500,025 (1.2%) 0.00 111
    2024-11-01 $394,000 (9.2%) $501,451 (-0.9%) 0.00 108
    2024-12-01 $397,000 (13.8%) $514,881 (15.7%) 0.00 96
    2025-01-01 $407,475 (18.0%) $533,912 (10.9%) 0.00 77
    2025-02-01 $414,475 (9.1%) $555,585 (6.6%) 0.00 76
    2025-03-01 $462,500 (20.1%) $581,012 (9.6%) 0.00 101
    2025-04-01 $462,500 (17.8%) $574,468 (8.3%) 0.00 115
    2025-05-01 $450,000 (-1.0%) $583,971 (2.7%) 0.00 132
    2025-06-01 $444,750 (4.7%) $566,076 (5.0%) 0.00 148
    2025-07-01 $431,225 (0.4%) $539,783 (0.8%) 0.00 181
    2025-08-01 $425,000 (6.5%) $532,495 (1.4%) 0.00 187
    2025-09-01 $399,450 (2.1%) $494,987 (-2.5%) 0.00 195
    2025-10-01 $399,000 (1.0%) $502,103 (0.4%) 0.00 173
    2025-11-01 $380,000 (-3.6%) $486,657 (-3.0%) 0.00 139
    2025-12-01 $374,975 (-5.6%) $480,334 (-6.7%) 0.00 104
    2026-01-01 $346,000 (-15.1%) $460,795 (-13.7%) 0.00 98
    2026-02-01 $368,250 (-11.2%) $474,841 (-14.5%) 0.00 92
    2026-03-01 $414,250 (-10.4%) $517,773 (-10.9%) 0.00 108
    2026-04-01 $438,500 (-5.2%) $538,013 (-6.4%) 0.00 138
    2026-05-01 $445,000 (-1.1%) $548,426 (-6.1%) 0.00 157
    2026-06-01 $425,950 (-4.2%) $547,090 (-3.4%) 0.00 183
    2026-07-01 $430,000 (-0.3%) $555,852 (3.0%) 0.00 193
    2026-08-01 $410,000 (-3.5%) $529,294 (-0.6%) 0.00 202
    Ithaca's median listing price for 2026-08-01 was $410,000, a difference of $-15,000 (-3.5%) versus the prior year and $-20,000 versus the prior month.

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

    Ithaca's average listing price for 2026-08-01 was $529,294, a difference of $-3,201 (-0.6%) versus the prior year and $-26,558 versus the prior month.

    For the 2026-08-01 period, Ithaca had 202 MLS listings, a difference of 9 listings (5%) versus the prior month and 15 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ithaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,990 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 2,034 sqft
    2018-06-01 0 days 2,020 sqft
    2018-07-01 0 days 1,974 sqft
    2018-08-01 0 days 1,961 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 2,009 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 1,894 sqft
    2020-05-01 0 days 1,946 sqft
    2020-06-01 0 days 1,984 sqft
    2020-07-01 0 days 1,966 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 1,909 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 1,948 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 2,102 sqft
    2022-06-01 0 days 2,079 sqft
    2022-07-01 0 days 2,088 sqft
    2022-08-01 0 days 2,033 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 2,476 sqft
    2023-07-01 0 days 2,194 sqft
    2023-08-01 0 days 1,914 sqft
    2023-09-01 0 days 1,862 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 2,132 sqft
    2024-08-01 0 days 1,961 sqft
    2024-09-01 0 days 1,910 sqft
    2024-10-01 0 days 1,914 sqft
    2024-11-01 0 days 1,945 sqft
    2024-12-01 0 days 1,962 sqft
    2025-01-01 0 days 2,060 sqft
    2025-02-01 0 days 2,178 sqft
    2025-03-01 0 days 2,290 sqft
    2025-04-01 0 days 2,252 sqft
    2025-05-01 0 days 2,177 sqft
    2025-06-01 0 days 2,241 sqft
    2025-07-01 0 days 2,153 sqft
    2025-08-01 0 days 2,137 sqft
    2025-09-01 0 days 2,012 sqft
    2025-10-01 0 days 1,957 sqft
    2025-11-01 0 days 1,920 sqft
    2025-12-01 0 days 1,906 sqft
    2026-01-01 0 days 1,850 sqft
    2026-02-01 0 days 1,881 sqft
    2026-03-01 0 days 2,065 sqft
    2026-04-01 0 days 2,067 sqft
    2026-05-01 0 days 2,086 sqft
    2026-06-01 0 days 2,041 sqft
    2026-07-01 0 days 2,039 sqft
    2026-08-01 0 days 1,997 sqft
    Ithaca's median listing age (time on market) for 2026-08-01 was 0 days.

    Ithaca's median square footage for active listings during the 2026-08-01 period was 1,997 sqft. One year prior, the average listing was 2,137 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.