Janesville VA Loan Rates, Closing Costs & Stats

JANESVILLE-BELOIT, WI

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.

Janesville's 59 lenders originated 211 VA loans during 2022. The total origination value was $50,605,000, with an average VA loan value of $239,834.

Janesville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Janesville averaged -0.11% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Janesville's average VA mortgage closing costs are $4,869.

The average rate for the prior week (2024-02-16) was 6.57% and one month ago for the week of 2024-01-19, the average rate was 6.22%.

The average rate one year ago was 6.04%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.36%.

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

Janesville 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 Janesville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 36 5.48% $8,015
QUICKEN LOANS, LLC 26 4.21% $8,118
ENVOY MORTGAGE, LTD 12 5.20% $6,511
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 4.73% $7,802
GUILD MORTGAGE COMPANY 8 5.53% $10,897
UNITED WHOLESALE MORTGAGE, LLC 7 4.38% $7,570
USAA Federal Savings Bank 6 4.81% $4,576
NAVY FEDERAL CREDIT UNION 5 4.03% $5,702
FREEDOM MORTGAGE CORPORATION 5 5.48% $9,215
NEW DAY FINANCIAL, LLC 5 5.35% $9,270
INLANTA MORTGAGE, INC. 5 4.83% $10,739
LOANDEPOT.COM, LLC 4 5.09% $11,826
NEWREZ LLC 4 3.87% $2,654
PENNYMAC LOAN SERVICES, LLC 3 4.21% $5,419
GUARANTEED RATE, INC. 3 5.08% $8,438
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.71% $7,820
Johnson Bank 3 5.67% $6,731
Mr. Cooper ( Nationstar Mortgage ) 3 5.83% $10,223
WISCONSIN MORTGAGE CORPORATION 3 4.63% $4,233
THOMPSON KANE & COMPANY, LLC 2 5.44% $9,523
CARDINAL FINANCIAL 2 4.56% $6,133
Paramount Residential Mortgage Group, Inc. 2 5.38% $8,572
CALIBER HOME LOANS, INC. 2 5.50% $5,749
Wells Fargo Bank 2 5.25% $4,093
Prosperity Home Mortgage, LLC 2 6.19% $4,991
Associated Bank 2 4.75% $4,596
Flagstar Bank, FSB 2 3.75% $5,851
VILLAGE CAPITAL MORTGAGE 2 4.00% $5,327
Midwest Community Bank 1 3.38% $2,290
Blackhawk Bank 1 5.25% $5,544
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $13,181
MOVEMENT MORTGAGE, LLC 1 5.25% $3,411
WRIGHT-PATT CREDIT UNION, INC. 1 3.00% $2,134
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.13% $9,288
Bell Bank 1 5.25% $7,375
Barrington Bank & Trust Company, N.A. 1 4.75% $8,860
Bank of England 1 5.75% $9,772
Old National Bank 1 3.25% $8,977
AMERICAN INTERNET MORTGAGE, INC. 1 4.63% $2,025
Plains Commerce Bank 1 2.63% $7,989
Servion, Inc. 1 5.13% $14,094
The Federal Savings Bank 1 3.75% $9,178
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $9,013
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.13% $8,474
U.S. Bank 1 3.38% $19,633
CORNERSTONE HOME LENDING, INC. 1 4.75% $10,130
CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $9,696
Colonial Savings, F.A. 1 4.88% $18,863
Equity Prime Mortgage LLC 1 5.75% $8,487
FINANCE OF AMERICA MORTGAGE LLC 1 3.63% $3,105
CHERRY CREEK MORTGAGE, LLC 1 2.88% $1,450
First Federal Bank 1 3.00% $4,793
Century Mortgage Company DBA Century Lending Company 1 4.75% $3,215
Waterstone Mortgage Corporation 1 5.63% $3,216
HOME POINT FINANCIAL CORPORATION 1 4.13% $0
HOMESIDE FINANCIAL, LLC 1 3.88% $3,255
Key Mortgage Services, Inc. 1 5.25% $11,370
BROKER SOLUTIONS, INC. 1 4.13% $3,207
LOANPAL, LLC 1 5.00% $8,212

The top Janesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 36 VA loans originated. Their average total fees are $8,015, which is $103 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Janesville VA lenders (with over 10 loans originated) are ENVOY MORTGAGE, LTD ($6,511), Mortgage Research Center, LLC ($8,015), QUICKEN LOANS, LLC ($8,118), .

The lowest rate Janesville VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.21%), ENVOY MORTGAGE, LTD (5.20%), Mortgage Research Center, LLC (5.48%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Janesville (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 $166,700 (19.2%) $211,242 (14.1%) 0.62 307
2018-02-01 $160,950 (12.7%) $211,298 (11.9%) 0.58 279
2018-03-01 $182,000 (17.5%) $227,617 (15.0%) 0.64 233
2018-04-01 $186,950 (11.3%) $229,985 (7.4%) 0.63 244
2018-05-01 $185,450 (8.5%) $229,592 (5.4%) 0.62 247
2018-06-01 $199,950 (18.4%) $239,619 (9.5%) 0.67 280
2018-07-01 $206,225 (18.3%) $243,109 (8.0%) 0.69 318
2018-08-01 $209,075 (19.5%) $242,656 (8.2%) 0.70 405
2018-09-01 $194,500 (11.2%) $233,967 (6.1%) 0.65 435
2018-10-01 $192,425 (10.0%) $232,501 (4.8%) 0.65 441
2018-11-01 $193,900 (9.6%) $240,149 (11.7%) 0.66 411
2018-12-01 $184,900 (8.8%) $228,967 (6.8%) 0.64 379
2019-01-01 $188,400 (13.0%) $235,776 (11.6%) 0.65 339
2019-02-01 $189,950 (18.0%) $237,222 (12.3%) 0.64 289
2019-03-01 $211,976 (16.5%) $247,228 (8.6%) 0.69 284
2019-04-01 $219,476 (17.4%) $247,454 (7.6%) 0.70 300
2019-05-01 $224,950 (21.3%) $254,881 (11.0%) 0.70 327
2019-06-01 $225,000 (12.5%) $258,173 (7.7%) 0.70 313
2019-07-01 $227,425 (10.3%) $258,880 (6.5%) 0.71 336
2019-08-01 $227,173 (8.7%) $258,660 (6.6%) 0.72 361
2019-09-01 $223,082 (14.7%) $256,402 (9.6%) 0.71 385
2019-10-01 $218,900 (13.8%) $253,286 (8.9%) 0.71 400
2019-11-01 $214,900 (10.8%) $245,742 (2.3%) 0.70 358
2019-12-01 $214,900 (16.2%) $239,766 (4.7%) 0.72 335
2020-01-01 $210,175 (11.6%) $237,395 (0.7%) 0.70 312
2020-02-01 $214,100 (12.7%) $241,836 (2.0%) 0.70 253
2020-03-01 $214,950 (1.4%) $247,097 (-0.1%) 0.67 249
2020-04-01 $218,900 (-0.3%) $239,060 (-3.4%) 0.69 267
2020-05-01 $221,450 (-1.6%) $247,752 (-2.8%) 0.67 241
2020-06-01 $219,650 (-2.4%) $256,738 (-0.6%) 0.65 214
2020-07-01 $229,900 (1.1%) $266,507 (3.0%) 0.67 200
2020-08-01 $249,000 (9.6%) $277,667 (7.4%) 0.71 219
2020-09-01 $219,825 (-1.5%) $271,170 (5.8%) 0.63 206
2020-10-01 $219,900 (0.5%) $271,129 (7.0%) 0.63 208
2020-11-01 $212,450 (-1.1%) $257,217 (4.7%) 0.62 209
2020-12-01 $209,950 (-2.3%) $252,631 (5.4%) 0.62 165
2021-01-01 $225,950 (7.5%) $253,471 (6.8%) 0.67 136
2021-02-01 $224,900 (5.0%) $257,910 (6.7%) 0.65 126
2021-03-01 $228,950 (6.5%) $269,786 (9.2%) 0.65 102
2021-04-01 $247,900 (13.3%) $291,762 (22.1%) 0.67 112
2021-05-01 $229,000 (3.4%) $278,238 (12.3%) 0.61 139
2021-06-01 $227,450 (3.6%) $274,625 (7.0%) 0.60 158
2021-07-01 $229,900 (0.0%) $271,777 (2.0%) 0.61 192
2021-08-01 $229,950 (-7.7%) $265,220 (-4.5%) 0.61 217
2021-09-01 $236,175 (7.4%) $268,981 (-0.8%) 0.63 242
2021-10-01 $239,900 (9.1%) $273,005 (0.7%) 0.64 240
2021-11-01 $236,925 (11.5%) $274,801 (6.8%) 0.63 208
2021-12-01 $229,075 (9.1%) $276,391 (9.4%) 0.62 191
2022-01-01 $249,900 (10.6%) $293,330 (15.7%) 0.68 152
2022-02-01 $271,200 (20.6%) $318,967 (23.7%) 0.71 128
2022-03-01 $274,450 (19.9%) $327,573 (21.4%) 0.69 134
2022-04-01 $289,900 (16.9%) $323,972 (11.0%) 0.69 162
2022-05-01 $289,900 (26.6%) $312,685 (12.4%) 0.66 183
2022-06-01 $293,675 (29.1%) $323,993 (18.0%) 0.65 196
2022-07-01 $289,950 (26.1%) $323,031 (18.9%) 0.65 232
2022-08-01 $293,725 (27.7%) $332,440 (25.3%) 0.68 238
2022-09-01 $298,175 (26.3%) $341,159 (26.8%) 0.70 236
2022-10-01 $303,266 (26.4%) $340,815 (24.8%) 0.71 252
2022-11-01 $298,125 (25.8%) $338,969 (23.4%) 0.72 252
2022-12-01 $299,900 (30.9%) $347,040 (25.6%) 0.74 197
2023-01-01 $301,250 (20.6%) $353,176 (20.4%) 0.75 163
2023-02-01 $312,059 (15.1%) $356,737 (11.8%) 0.75 130
2023-03-01 $330,750 (20.5%) $365,893 (11.7%) 0.78 132
2023-04-01 $338,442 (16.7%) $365,765 (12.9%) 0.79 132
2023-05-01 $328,014 (13.2%) $361,884 (15.7%) 0.74 154
2023-06-01 $324,100 (10.4%) $359,574 (11.0%) 0.73 175
2023-07-01 $331,439 (14.3%) $353,897 (9.6%) 0.75 182
2023-08-01 $324,900 (10.6%) $352,733 (6.1%) 0.75 203
2023-09-01 $319,900 (7.3%) $340,795 (-0.1%) 0.74 220
2023-10-01 $322,400 (6.3%) $341,024 (0.1%) 0.76 228
2023-11-01 $304,906 (2.3%) $331,645 (-2.2%) 0.73 241
2023-12-01 $299,900 (0.0%) $318,716 (-8.2%) 0.73 221
Janesville's median listing price for 2023-12-01 was $299,900, a difference of $0 (0.0%) versus the prior year and $-5,006 versus the prior month.

Janesville's median listing price comes in at 73% of the national average.

Janesville's average listing price for 2023-12-01 was $318,716, a difference of $-28,324 (-8.2%) versus the prior year and $-12,929 versus the prior month.

For the 2023-12-01 period, Janesville had 221 MLS listings, a difference of -20 listings (-8%) versus the prior month and 24 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Janesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,651 sqft
2018-02-01 81 days 1,634 sqft
2018-03-01 58 days 1,675 sqft
2018-04-01 40 days 1,731 sqft
2018-05-01 38 days 1,742 sqft
2018-06-01 40 days 1,780 sqft
2018-07-01 39 days 1,785 sqft
2018-08-01 38 days 1,768 sqft
2018-09-01 43 days 1,752 sqft
2018-10-01 48 days 1,719 sqft
2018-11-01 54 days 1,726 sqft
2018-12-01 68 days 1,652 sqft
2019-01-01 78 days 1,680 sqft
2019-02-01 88 days 1,719 sqft
2019-03-01 77 days 1,773 sqft
2019-04-01 54 days 1,800 sqft
2019-05-01 46 days 1,834 sqft
2019-06-01 46 days 1,833 sqft
2019-07-01 44 days 1,855 sqft
2019-08-01 46 days 1,867 sqft
2019-09-01 49 days 1,862 sqft
2019-10-01 52 days 1,854 sqft
2019-11-01 64 days 1,803 sqft
2019-12-01 70 days 1,770 sqft
2020-01-01 74 days 1,740 sqft
2020-02-01 74 days 1,718 sqft
2020-03-01 60 days 1,737 sqft
2020-04-01 48 days 1,745 sqft
2020-05-01 54 days 1,777 sqft
2020-06-01 63 days 1,795 sqft
2020-07-01 56 days 1,784 sqft
2020-08-01 46 days 1,850 sqft
2020-09-01 47 days 1,807 sqft
2020-10-01 40 days 1,784 sqft
2020-11-01 44 days 1,731 sqft
2020-12-01 51 days 1,682 sqft
2021-01-01 54 days 1,683 sqft
2021-02-01 40 days 1,635 sqft
2021-03-01 40 days 1,702 sqft
2021-04-01 28 days 1,757 sqft
2021-05-01 29 days 1,754 sqft
2021-06-01 33 days 1,697 sqft
2021-07-01 34 days 1,701 sqft
2021-08-01 30 days 1,699 sqft
2021-09-01 31 days 1,675 sqft
2021-10-01 37 days 1,633 sqft
2021-11-01 45 days 1,633 sqft
2021-12-01 53 days 1,606 sqft
2022-01-01 58 days 1,695 sqft
2022-02-01 57 days 1,769 sqft
2022-03-01 24 days 1,784 sqft
2022-04-01 31 days 1,784 sqft
2022-05-01 36 days 1,725 sqft
2022-06-01 38 days 1,755 sqft
2022-07-01 34 days 1,764 sqft
2022-08-01 44 days 1,784 sqft
2022-09-01 49 days 1,784 sqft
2022-10-01 46 days 1,784 sqft
2022-11-01 47 days 1,800 sqft
2022-12-01 55 days 1,825 sqft
2023-01-01 71 days 1,815 sqft
2023-02-01 53 days 1,845 sqft
2023-03-01 37 days 1,844 sqft
2023-04-01 39 days 1,810 sqft
2023-05-01 32 days 1,811 sqft
2023-06-01 31 days 1,797 sqft
2023-07-01 40 days 1,760 sqft
2023-08-01 37 days 1,659 sqft
2023-09-01 44 days 1,700 sqft
2023-10-01 42 days 1,660 sqft
2023-11-01 44 days 1,601 sqft
2023-12-01 55 days 1,580 sqft
Janesville's median listing age (time on market) for 2023-12-01 was 55 days. This is 0% longer than the same period one year ago.

Janesville's median square footage for active listings during the 2023-12-01 period was 1,580 sqft. One year prior, the average listing was 1,825 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.