Jamestown VA Loan Rates, Closing Costs & Stats

Jamestown-Dunkirk-Fredonia, 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.

    Jamestown's 23 lenders originated 63 VA loans during 2023. The total origination value was $13,235,000, with an average VA loan value of $210,079.

    Jamestown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jamestown averaged 6.72% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Jamestown's average VA mortgage closing costs are $4,592.

    The average rate for the prior week (2024-04-05) was 6.97% and one month ago for the week of 2024-03-08, the average rate was 6.5%.

    The average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.7%.

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

    Jamestown 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 Jamestown level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 12 6.55% $6,550
    Mortgage Research Center, LLC 11 6.99% $5,862
    M&T Bank 4 6.47% $5,602
    NAVY FEDERAL CREDIT UNION 4 5.78% $3,457
    Barrington Bank & Trust Company, N.A. 4 7.13% $5,905
    USAA Federal Savings Bank 3 6.96% $3,826
    Northwest Bank 3 6.08% $6,883
    HUNT MORTGAGE CORPORATION 2 6.63% $2,178
    FREEDOM MORTGAGE CORPORATION 2 7.00% $20,414
    PLAZA HOME MORTGAGE, INC. 2 6.00% $3,156
    Premium Mortgage Corporation 2 6.25% $5,471
    1ST PRIORITY MORTGAGE, INC. 1 7.13% $7,025
    U.S. Bank 1 6.13% $5,048
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $15,296
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $15,296
    Flagstar Bank, FSB 1 7.25% $5,982
    HOMESTEAD FUNDING CORP. 1 7.25% $708
    KeyBank 1 6.75% $2,641
    MID-ISLAND MORTGAGE CORP. 1 6.13% $6,400
    MOVEMENT MORTGAGE, LLC 1 7.25% $6,873
    NEWREZ LLC 1 6.75% $39,170
    Prosperity Home Mortgage, LLC 1 7.13% $9,020
    UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $600

    The top Jamestown VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 12 VA loans originated. Their average total fees are $6,550, which is $688 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Jamestown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,862), QUICKEN LOANS, LLC ($6,550), .

    The lowest rate Jamestown VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.55%), Mortgage Research Center, LLC (6.99%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jamestown (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 $119,150 (13.6%) $189,209 (8.2%) 0.00 573
    2018-02-01 $115,475 (5.9%) $196,736 (10.1%) 0.00 588
    2018-03-01 $125,000 (9.8%) $211,385 (15.7%) 0.00 563
    2018-04-01 $129,900 (13.0%) $216,001 (13.4%) 0.00 574
    2018-05-01 $140,562 (20.9%) $222,293 (17.0%) 0.00 595
    2018-06-01 $145,000 (21.4%) $224,265 (18.2%) 0.00 673
    2018-07-01 $149,900 (25.0%) $232,291 (23.9%) 0.00 691
    2018-08-01 $149,900 (20.9%) $227,471 (22.2%) 0.00 697
    2018-09-01 $139,900 (16.7%) $222,146 (22.8%) 0.00 726
    2018-10-01 $142,400 (18.7%) $220,608 (21.1%) 0.00 689
    2018-11-01 $139,800 (16.5%) $220,507 (17.3%) 0.00 634
    2018-12-01 $139,900 (16.6%) $223,071 (17.7%) 0.00 562
    2019-01-01 $139,900 (17.4%) $218,583 (15.5%) 0.00 517
    2019-02-01 $142,400 (23.3%) $218,528 (11.1%) 0.00 501
    2019-03-01 $153,643 (22.9%) $230,454 (9.0%) 0.00 512
    2019-04-01 $159,900 (23.1%) $240,594 (11.4%) 0.00 508
    2019-05-01 $159,450 (13.4%) $241,265 (8.5%) 0.00 535
    2019-06-01 $164,900 (13.7%) $236,885 (5.6%) 0.00 572
    2019-07-01 $159,900 (6.7%) $238,475 (2.7%) 0.00 632
    2019-08-01 $154,882 (3.3%) $232,265 (2.1%) 0.00 619
    2019-09-01 $152,080 (8.7%) $230,109 (3.6%) 0.00 597
    2019-10-01 $149,700 (5.1%) $226,977 (2.9%) 0.00 581
    2019-11-01 $139,900 (0.1%) $220,916 (0.2%) 0.00 557
    2019-12-01 $148,125 (5.9%) $225,336 (1.0%) 0.00 520
    2020-01-01 $149,675 (7.0%) $228,378 (4.5%) 0.00 464
    2020-02-01 $148,750 (4.5%) $229,838 (5.2%) 0.00 442
    2020-03-01 $148,388 (-3.4%) $233,340 (1.3%) 0.00 437
    2020-04-01 $154,413 (-3.4%) $242,180 (0.7%) 0.00 413
    2020-05-01 $169,900 (6.6%) $262,353 (8.7%) 0.00 382
    2020-06-01 $173,975 (5.5%) $260,424 (9.9%) 0.00 392
    2020-07-01 $179,000 (11.9%) $263,777 (10.6%) 0.00 358
    2020-08-01 $179,900 (16.2%) $260,609 (12.2%) 0.00 280
    2020-09-01 $169,900 (11.7%) $241,298 (4.9%) 0.00 271
    2020-10-01 $159,750 (6.7%) $235,252 (3.7%) 0.00 290
    2020-11-01 $149,900 (7.2%) $224,008 (1.4%) 0.00 272
    2020-12-01 $149,900 (1.2%) $222,723 (-1.2%) 0.00 255
    2021-01-01 $149,901 (0.2%) $227,710 (-0.3%) 0.00 242
    2021-02-01 $159,675 (7.3%) $235,077 (2.3%) 0.00 206
    2021-03-01 $157,925 (6.4%) $223,028 (-4.4%) 0.00 192
    2021-04-01 $178,850 (15.8%) $237,758 (-1.8%) 0.00 179
    2021-05-01 $175,950 (3.6%) $240,553 (-8.3%) 0.00 184
    2021-06-01 $169,075 (-2.8%) $247,930 (-4.8%) 0.00 220
    2021-07-01 $179,000 (0.0%) $260,965 (-1.1%) 0.00 221
    2021-08-01 $198,600 (10.4%) $275,551 (5.7%) 0.00 226
    2021-09-01 $171,975 (1.2%) $236,481 (-2.0%) 0.00 213
    2021-10-01 $150,000 (-6.1%) $214,676 (-8.8%) 0.00 214
    2021-11-01 $159,450 (6.4%) $209,856 (-6.3%) 0.00 204
    2021-12-01 $149,700 (-0.1%) $196,506 (-11.8%) 0.00 183
    2022-01-01 $157,450 (5.0%) $218,237 (-4.2%) 0.00 136
    2022-02-01 $158,675 (-0.6%) $245,827 (4.6%) 0.00 111
    2022-03-01 $149,925 (-5.1%) $249,929 (12.1%) 0.00 106
    2022-04-01 $150,000 (-16.1%) $262,730 (10.5%) 0.00 113
    2022-05-01 $153,450 (-12.8%) $274,458 (14.1%) 0.00 145
    2022-06-01 $167,950 (-0.7%) $287,040 (15.8%) 0.00 179
    2022-07-01 $168,900 (-5.6%) $325,455 (24.7%) 0.00 207
    2022-08-01 $159,900 (-19.5%) $290,141 (5.3%) 0.00 249
    2022-09-01 $149,950 (-12.8%) $274,547 (16.1%) 0.00 244
    2022-10-01 $159,900 (6.6%) $279,583 (30.2%) 0.00 220
    2022-11-01 $149,950 (-6.0%) $261,807 (24.8%) 0.00 203
    2022-12-01 $149,900 (0.1%) $300,500 (52.9%) 0.00 181
    2023-01-01 $132,450 (-15.9%) $232,325 (6.5%) 0.00 171
    2023-02-01 $149,900 (-5.5%) $245,671 (-0.1%) 0.00 157
    2023-03-01 $161,150 (7.5%) $256,056 (2.5%) 0.00 154
    2023-04-01 $175,000 (16.7%) $249,325 (-5.1%) 0.00 149
    2023-05-01 $185,675 (21.0%) $301,277 (9.8%) 0.00 166
    2023-06-01 $189,000 (12.5%) $325,772 (13.5%) 0.00 178
    2023-07-01 $199,900 (18.4%) $342,748 (5.3%) 0.00 189
    2023-08-01 $179,250 (12.1%) $311,348 (7.3%) 0.00 207
    2023-09-01 $170,000 (13.4%) $357,833 (30.3%) 0.00 191
    2023-10-01 $169,500 (6.0%) $345,496 (23.6%) 0.00 193
    2023-11-01 $166,950 (11.3%) $345,857 (32.1%) 0.00 190
    2023-12-01 $168,675 (12.5%) $333,592 (11.0%) 0.00 171
    2024-01-01 $179,225 (35.3%) $325,760 (40.2%) 0.00 164
    2024-02-01 $169,900 (13.3%) $321,025 (30.7%) 0.00 173
    2024-03-01 $177,400 (10.1%) $336,250 (31.3%) 0.00 151
    Jamestown's median listing price for 2024-03-01 was $177,400, a difference of $16,250 (10.1%) versus the prior year and $7,500 versus the prior month.

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

    Jamestown's average listing price for 2024-03-01 was $336,250, a difference of $80,194 (31.3%) versus the prior year and $15,225 versus the prior month.

    For the 2024-03-01 period, Jamestown had 151 MLS listings, a difference of -22 listings (-13%) versus the prior month and -3 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jamestown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,535 sqft
    2018-02-01 0 days 1,566 sqft
    2018-03-01 0 days 1,576 sqft
    2018-04-01 0 days 1,576 sqft
    2018-05-01 0 days 1,595 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,602 sqft
    2018-08-01 0 days 1,608 sqft
    2018-09-01 0 days 1,612 sqft
    2018-10-01 0 days 1,604 sqft
    2018-11-01 0 days 1,590 sqft
    2018-12-01 0 days 1,612 sqft
    2019-01-01 0 days 1,623 sqft
    2019-02-01 0 days 1,612 sqft
    2019-03-01 0 days 1,640 sqft
    2019-04-01 0 days 1,653 sqft
    2019-05-01 0 days 1,637 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,625 sqft
    2019-08-01 0 days 1,631 sqft
    2019-09-01 0 days 1,647 sqft
    2019-10-01 0 days 1,667 sqft
    2019-11-01 0 days 1,685 sqft
    2019-12-01 0 days 1,704 sqft
    2020-01-01 0 days 1,704 sqft
    2020-02-01 0 days 1,692 sqft
    2020-03-01 0 days 1,680 sqft
    2020-04-01 0 days 1,664 sqft
    2020-05-01 0 days 1,715 sqft
    2020-06-01 0 days 1,715 sqft
    2020-07-01 0 days 1,726 sqft
    2020-08-01 0 days 1,658 sqft
    2020-09-01 0 days 1,656 sqft
    2020-10-01 0 days 1,653 sqft
    2020-11-01 0 days 1,619 sqft
    2020-12-01 0 days 1,588 sqft
    2021-01-01 0 days 1,588 sqft
    2021-02-01 0 days 1,582 sqft
    2021-03-01 0 days 1,562 sqft
    2021-04-01 0 days 1,521 sqft
    2021-05-01 0 days 1,482 sqft
    2021-06-01 0 days 1,491 sqft
    2021-07-01 0 days 1,588 sqft
    2021-08-01 0 days 1,639 sqft
    2021-09-01 0 days 1,588 sqft
    2021-10-01 0 days 1,588 sqft
    2021-11-01 0 days 1,534 sqft
    2021-12-01 0 days 1,558 sqft
    2022-01-01 0 days 1,588 sqft
    2022-02-01 0 days 1,641 sqft
    2022-03-01 0 days 1,597 sqft
    2022-04-01 0 days 1,568 sqft
    2022-05-01 0 days 1,562 sqft
    2022-06-01 0 days 1,574 sqft
    2022-07-01 0 days 1,588 sqft
    2022-08-01 0 days 1,526 sqft
    2022-09-01 0 days 1,518 sqft
    2022-10-01 0 days 1,588 sqft
    2022-11-01 0 days 1,548 sqft
    2022-12-01 0 days 1,551 sqft
    2023-01-01 0 days 1,535 sqft
    2023-02-01 0 days 1,572 sqft
    2023-03-01 0 days 1,632 sqft
    2023-04-01 0 days 1,644 sqft
    2023-05-01 0 days 1,613 sqft
    2023-06-01 0 days 1,699 sqft
    2023-07-01 0 days 1,731 sqft
    2023-08-01 0 days 1,685 sqft
    2023-09-01 0 days 1,650 sqft
    2023-10-01 0 days 1,655 sqft
    2023-11-01 0 days 1,635 sqft
    2023-12-01 0 days 1,618 sqft
    2024-01-01 0 days 1,585 sqft
    2024-02-01 0 days 1,580 sqft
    2024-03-01 0 days 1,617 sqft
    Jamestown's median listing age (time on market) for 2024-03-01 was 0 days.

    Jamestown's median square footage for active listings during the 2024-03-01 period was 1,617 sqft. One year prior, the average listing was 1,632 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.