Jackson VA Loan Rates, Closing Costs & Stats

JACKSON, MI

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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.

    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 6.87% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

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

    The average rate for the prior week (2025-07-04) was 6.58% and one month ago for the week of 2025-06-06, the average rate was 7.05%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.83%.

    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.