Janesville VA Loan Rates, Closing Costs & Stats

JANESVILLE-BELOIT, WI

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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.

    Janesville's 49 lenders originated 168 VA loans during 2023. The total origination value was $41,890,000, with an average VA loan value of $249,345.

    Janesville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Janesville averaged 6.87% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Janesville's average VA mortgage closing costs are $5,116.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.87%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.02%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 41 6.68% $5,875
    GUILD MORTGAGE COMPANY 15 6.81% $9,626
    QUICKEN LOANS, LLC 11 5.88% $11,645
    UNITED WHOLESALE MORTGAGE, LLC 8 7.45% $6,794
    ENVOY MORTGAGE, LTD 7 6.68% $4,701
    Barrington Bank & Trust Company, N.A. 5 6.70% $4,553
    CROSSCOUNTRY MORTGAGE, LLC 4 6.88% $7,593
    LOANDEPOT.COM, LLC 4 5.97% $9,110
    NAVY FEDERAL CREDIT UNION 4 5.66% $4,103
    Nations Lending Corporation 3 6.75% $12,247
    NEW DAY FINANCIAL, LLC 3 7.58% $7,257
    PENNYMAC LOAN SERVICES, LLC 3 5.38% $6,002
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.75% $6,849
    Mr. Cooper ( Nationstar Mortgage ) 3 5.71% $10,688
    GUARANTEED RATE, INC. 3 6.04% $6,404
    Johnson Bank 3 6.50% $5,705
    USAA Federal Savings Bank 3 5.96% $7,572
    Prosperity Home Mortgage, LLC 2 6.69% $3,221
    Bell Bank 2 6.44% $6,989
    Blackhawk Bank 2 7.00% $7,646
    U.S. Bank 2 6.19% $4,498
    VILLAGE CAPITAL MORTGAGE 2 5.57% $13,862
    CORNERSTONE HOME LENDING, INC. 2 6.50% $8,114
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.19% $10,226
    BROKER SOLUTIONS, INC. 2 6.25% $6,366
    NEWREZ LLC 2 6.75% $4,525
    WISCONSIN MORTGAGE CORPORATION 1 7.75% $4,066
    Bank Five Nine 1 6.63% $9,825
    CALIBER HOME LOANS, INC. 1 6.75% $3,251
    CARDINAL FINANCIAL 1 6.25% $13,891
    CIBM Bank 1 6.13% $7,845
    DAS Acquisition Company, LLC 1 7.63% $1,015
    ENDEAVOR CAPITAL, LLC. 1 6.75% $8,709
    FREEDOM MORTGAGE CORPORATION 1 7.25% $13,691
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $2,678
    JPMorgan Chase Bank 1 6.63% $0
    KELLER MORTGAGE, LLC 1 6.25% $9,270
    LOANPAL, LLC 1 7.00% $7,955
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $20,230
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $1,488
    NexBank 1 7.00% $3,758
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $13,823
    Plains Commerce Bank 1 6.50% $10,407
    PLANET HOME LENDING, LLC 1 6.25% $2,755
    Servion, Inc. 1 6.13% $12,747
    The Federal Savings Bank 1 6.00% $12,918
    THOMPSON KANE & COMPANY, LLC 1 7.25% $14,114
    University of Wisconsin Credit Union 1 7.13% $7,747
    Ameris Bank 1 7.13% $3,332

    The top Janesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 41 VA loans originated. Their average total fees are $5,875, which is $3,752 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Janesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,875), GUILD MORTGAGE COMPANY ($9,626), QUICKEN LOANS, LLC ($11,645), .

    The lowest rate Janesville VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.88%), Mortgage Research Center, LLC (6.68%), GUILD MORTGAGE COMPANY (6.81%), .

    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
    2024-01-01 $299,900 (-0.5%) $318,055 (-9.9%) 0.73 189
    2024-02-01 $315,000 (0.9%) $330,337 (-7.4%) 0.76 173
    2024-03-01 $329,450 (-0.4%) $354,920 (-3.0%) 0.78 169
    Janesville's median listing price for 2024-03-01 was $329,450, a difference of $-1,300 (-0.4%) versus the prior year and $14,450 versus the prior month.

    Janesville's median listing price comes in at 78% of the national average.

    Janesville's average listing price for 2024-03-01 was $354,920, a difference of $-10,973 (-3.0%) versus the prior year and $24,583 versus the prior month.

    For the 2024-03-01 period, Janesville had 169 MLS listings, a difference of -4 listings (-2%) versus the prior month and 37 listings (28%) 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
    2024-01-01 63 days 1,579 sqft
    2024-02-01 51 days 1,593 sqft
    2024-03-01 32 days 1,669 sqft
    Janesville's median listing age (time on market) for 2024-03-01 was 32 days. This is -12% shorter than the same period one year ago.

    Janesville's median square footage for active listings during the 2024-03-01 period was 1,669 sqft. One year prior, the average listing was 1,844 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.