Jackson VA Loan Rates, Closing Costs & Stats

JACKSON, MI

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.

Jackson's 49 lenders originated 220 VA loans during 2024. The total origination value was $60,200,000, with an average VA loan value of $273,636.

Jackson VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jackson averaged 0.6% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Jackson's average VA mortgage closing costs are $5,086.

The average rate for the prior week (2025-06-27) was 7.03% and one month ago for the week of 2025-05-30, the average rate was 6.86%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.46%.

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

Jackson 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 Jackson level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 59 6.44% $4,907
QUICKEN LOANS, LLC 20 6.30% $10,114
UNITED WHOLESALE MORTGAGE, LLC 14 6.04% $7,913
NAVY FEDERAL CREDIT UNION 9 5.65% $6,177
FREEDOM MORTGAGE CORPORATION 8 6.33% $8,619
NEW DAY FINANCIAL, LLC 6 7.56% $7,801
USAA Federal Savings Bank 6 6.48% $3,564
MORTGAGE 1 INCORPORATED 6 6.35% $9,973
Flagstar Bank, FSB 6 6.38% $6,141
PENNYMAC LOAN SERVICES, LLC 6 5.88% $6,652
The Huntington National Bank 5 6.75% $4,047
RUOFF MORTGAGE COMPANY, INC. 5 6.20% $4,388
TOWNE MORTGAGE COMPANY 4 5.91% $7,572
NEWREZ LLC 4 6.34% $5,999
GUARANTEED RATE, INC. 3 6.25% $4,224
LOANDEPOT.COM, LLC 3 4.83% $5,060
FIRST COLONY MORTGAGE CORPORATION 3 6.08% $3,723
VILLAGE CAPITAL MORTGAGE 2 6.00% $3,069
CMG MORTGAGE, INC. 2 6.69% $7,911
CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $15,629
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.13% $8,499
HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.56% $5,998
LAKE MICHIGAN CREDIT UNION 2 6.13% $4,266
LAKEVIEW LOAN SERVICING, LLC 2 5.25% $4,274
STAUNTON FINANCIAL, INC. 2 6.38% $5,405
The Federal Savings Bank 2 5.56% $21,364
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.63% $5,305
JMAC LENDING, INC. 1 5.75% $16,776
HOMESIDE FINANCIAL, LLC 1 6.99% $18,422
NFM, INC. 1 6.63% $3,993
GUILD MORTGAGE COMPANY 1 7.13% $8,646
PHH Mortgage Corporation 1 7.13% $5,880
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,916
Civista Bank 1 6.25% $9,946
Sierra Pacific Mortgage Company, Inc. 1 4.99% $33,760
Barrington Bank & Trust Company, N.A. 1 6.25% $4,863
SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $11,048
SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $4,023
The Dart Bank 1 6.25% $7,129
VAN DYK MORTGAGE CORPORATION 1 6.13% $1,623
CHURCHILL MORTGAGE CORPORATION 1 7.25% $2,925
THE MORTGAGE LINK, INC. 1 6.13% $11,353
BROKER SOLUTIONS, INC. 1 6.25% $12,468
UNION HOME MORTGAGE CORP. 1 5.88% $12,663
BLG HOLDINGS, INC. 1 6.25% $11,405
University Bank 1 5.75% $6,823
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $10,751
MORTGAGE CENTER L.C 1 6.50% $5,224
NBKC BANK 1 6.63% $8,534

The top Jackson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 59 VA loans originated. Their average total fees are $4,907, which is $5,207 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Jackson VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,907), UNITED WHOLESALE MORTGAGE, LLC ($7,913), QUICKEN LOANS, LLC ($10,114), .

The lowest rate Jackson VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.04%), QUICKEN LOANS, LLC (6.30%), Mortgage Research Center, LLC (6.44%), .

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.