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
6.4%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Janesville's average VA mortgage closing costs are $4,869.
The average rate for the prior week (2023-05-19) was
6.23% and
one month ago for the week of 2023-04-21, the
average rate was 5.85%.
The average rate one year ago was 5.22%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.94%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $166,700 (19.6%) | $211,242 (14.1%) | 0.62 | 307 |
2018-02-01 | $160,950 (14.1%) | $211,298 (11.9%) | 0.59 | 279 |
2018-03-01 | $182,000 (19.4%) | $228,367 (15.1%) | 0.64 | 232 |
2018-04-01 | $187,200 (10.9%) | $230,697 (7.5%) | 0.63 | 243 |
2018-05-01 | $185,725 (9.7%) | $230,335 (5.6%) | 0.62 | 246 |
2018-06-01 | $200,000 (21.9%) | $240,544 (9.7%) | 0.67 | 278 |
2018-07-01 | $206,820 (20.0%) | $243,855 (8.2%) | 0.69 | 316 |
2018-08-01 | $209,900 (20.4%) | $244,659 (8.9%) | 0.70 | 404 |
2018-09-01 | $194,900 (13.5%) | $235,537 (6.6%) | 0.66 | 434 |
2018-10-01 | $192,475 (13.1%) | $234,271 (5.6%) | 0.65 | 440 |
2018-11-01 | $194,950 (11.1%) | $242,010 (12.6%) | 0.66 | 410 |
2018-12-01 | $184,950 (8.2%) | $230,725 (7.6%) | 0.64 | 378 |
2019-01-01 | $188,400 (12.6%) | $237,935 (12.6%) | 0.65 | 337 |
2019-02-01 | $189,950 (16.6%) | $239,384 (13.3%) | 0.64 | 288 |
2019-03-01 | $214,900 (14.6%) | $250,479 (9.7%) | 0.72 | 275 |
2019-04-01 | $220,610 (17.0%) | $248,515 (7.7%) | 0.70 | 301 |
2019-05-01 | $224,950 (20.7%) | $256,006 (11.1%) | 0.70 | 327 |
2019-06-01 | $225,000 (9.8%) | $259,377 (7.8%) | 0.70 | 313 |
2019-07-01 | $227,425 (8.4%) | $258,880 (6.2%) | 0.71 | 336 |
2019-08-01 | $224,950 (8.2%) | $257,746 (5.4%) | 0.71 | 342 |
2019-09-01 | $219,900 (14.5%) | $260,090 (10.4%) | 0.69 | 333 |
2019-10-01 | $217,800 (12.6%) | $251,231 (7.2%) | 0.70 | 402 |
2019-11-01 | $214,900 (10.3%) | $245,742 (1.5%) | 0.70 | 358 |
2019-12-01 | $214,900 (16.2%) | $239,766 (3.9%) | 0.72 | 335 |
2020-01-01 | $210,175 (11.8%) | $237,395 (-0.2%) | 0.70 | 312 |
2020-02-01 | $214,100 (13.1%) | $241,836 (1.0%) | 0.70 | 253 |
2020-03-01 | $214,950 (2.7%) | $247,097 (-1.4%) | 0.67 | 249 |
2020-04-01 | $218,900 (-0.1%) | $239,060 (-3.8%) | 0.69 | 267 |
2020-05-01 | $221,450 (0.0%) | $247,752 (-3.2%) | 0.67 | 241 |
2020-06-01 | $219,650 (-2.3%) | $256,738 (-1.0%) | 0.65 | 214 |
2020-07-01 | $229,900 (1.5%) | $266,507 (3.0%) | 0.67 | 200 |
2020-08-01 | $249,000 (10.0%) | $277,667 (7.7%) | 0.71 | 219 |
2020-09-01 | $219,825 (0.5%) | $271,170 (4.3%) | 0.63 | 206 |
2020-10-01 | $219,900 (-0.9%) | $271,129 (7.9%) | 0.63 | 208 |
2020-11-01 | $212,450 (-0.1%) | $257,217 (4.7%) | 0.62 | 209 |
2020-12-01 | $209,950 (0.6%) | $252,631 (5.4%) | 0.62 | 165 |
2021-01-01 | $225,950 (7.7%) | $253,471 (6.8%) | 0.67 | 136 |
2021-02-01 | $224,900 (4.7%) | $257,910 (6.7%) | 0.65 | 126 |
2021-03-01 | $228,950 (5.7%) | $269,413 (9.0%) | 0.65 | 102 |
2021-04-01 | $247,900 (11.2%) | $291,762 (22.1%) | 0.67 | 112 |
2021-05-01 | $229,000 (2.2%) | $277,369 (12.0%) | 0.61 | 139 |
2021-06-01 | $227,450 (2.9%) | $274,625 (7.0%) | 0.60 | 158 |
2021-07-01 | $229,900 (-0.4%) | $271,777 (2.0%) | 0.61 | 192 |
2021-08-01 | $229,950 (-8.0%) | $265,220 (-4.5%) | 0.61 | 217 |
2021-09-01 | $236,175 (5.4%) | $268,981 (-0.8%) | 0.63 | 242 |
2021-10-01 | $239,900 (10.3%) | $273,005 (0.7%) | 0.64 | 240 |
2021-11-01 | $236,925 (14.1%) | $274,801 (6.8%) | 0.63 | 208 |
2021-12-01 | $229,075 (9.6%) | $276,391 (9.4%) | 0.62 | 191 |
2022-01-01 | $249,900 (10.1%) | $293,330 (15.7%) | 0.68 | 152 |
2022-02-01 | $271,200 (23.4%) | $318,967 (23.7%) | 0.71 | 128 |
2022-03-01 | $274,450 (20.1%) | $327,573 (21.6%) | 0.69 | 134 |
2022-04-01 | $289,900 (18.9%) | $323,972 (11.0%) | 0.69 | 162 |
2022-05-01 | $289,900 (26.1%) | $312,685 (12.7%) | 0.66 | 183 |
2022-06-01 | $293,675 (30.8%) | $323,993 (18.0%) | 0.65 | 196 |
2022-07-01 | $289,950 (27.2%) | $323,031 (18.9%) | 0.66 | 232 |
2022-08-01 | $293,725 (29.6%) | $332,440 (25.3%) | 0.68 | 238 |
2022-09-01 | $298,175 (26.8%) | $341,159 (26.8%) | 0.70 | 236 |
2022-10-01 | $303,266 (28.5%) | $340,815 (24.8%) | 0.71 | 252 |
2022-11-01 | $298,125 (22.5%) | $338,969 (23.4%) | 0.72 | 252 |
2022-12-01 | $299,900 (26.6%) | $347,040 (25.6%) | 0.74 | 197 |
2023-01-01 | $301,250 (21.5%) | $353,176 (20.4%) | 0.75 | 163 |
2023-02-01 | $312,059 (12.7%) | $356,737 (11.8%) | 0.75 | 130 |
2023-03-01 | $330,750 (0.0%) | $365,893 (11.7%) | 0.78 | 132 |
2023-04-01 | $338,442 (0.0%) | $365,765 (12.9%) | 0.79 | 132 |
Janesville's median listing price comes in at 79% of the national average.
Janesville's average listing price for 2023-04-01 was $365,765, a difference of $41,793 (12.9%) versus the prior year and $-128 versus the prior month.
For the 2023-04-01 period, Janesville had 132 MLS listings, a difference of 0 listings (0%) versus the prior month and -30 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Janesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 80 days | 1,651 sqft |
2018-02-01 | 84 days | 1,634 sqft |
2018-03-01 | 61 days | 1,675 sqft |
2018-04-01 | 41 days | 1,731 sqft |
2018-05-01 | 38 days | 1,745 sqft |
2018-06-01 | 41 days | 1,787 sqft |
2018-07-01 | 39 days | 1,793 sqft |
2018-08-01 | 38 days | 1,771 sqft |
2018-09-01 | 43 days | 1,756 sqft |
2018-10-01 | 50 days | 1,724 sqft |
2018-11-01 | 54 days | 1,729 sqft |
2018-12-01 | 69 days | 1,653 sqft |
2019-01-01 | 80 days | 1,690 sqft |
2019-02-01 | 89 days | 1,730 sqft |
2019-03-01 | 68 days | 1,750 sqft |
2019-04-01 | 54 days | 1,803 sqft |
2019-05-01 | 48 days | 1,834 sqft |
2019-06-01 | 47 days | 1,831 sqft |
2019-07-01 | 44 days | 1,855 sqft |
2019-08-01 | 49 days | 1,837 sqft |
2019-09-01 | 55 days | 1,825 sqft |
2019-10-01 | 54 days | 1,853 sqft |
2019-11-01 | 66 days | 1,803 sqft |
2019-12-01 | 73 days | 1,770 sqft |
2020-01-01 | 76 days | 1,735 sqft |
2020-02-01 | 76 days | 1,718 sqft |
2020-03-01 | 63 days | 1,737 sqft |
2020-04-01 | 52 days | 1,745 sqft |
2020-05-01 | 56 days | 1,770 sqft |
2020-06-01 | 66 days | 1,793 sqft |
2020-07-01 | 59 days | 1,784 sqft |
2020-08-01 | 49 days | 1,850 sqft |
2020-09-01 | 48 days | 1,802 sqft |
2020-10-01 | 41 days | 1,784 sqft |
2020-11-01 | 46 days | 1,731 sqft |
2020-12-01 | 51 days | 1,686 sqft |
2021-01-01 | 55 days | 1,683 sqft |
2021-02-01 | 43 days | 1,632 sqft |
2021-03-01 | 40 days | 1,701 sqft |
2021-04-01 | 29 days | 1,757 sqft |
2021-05-01 | 29 days | 1,754 sqft |
2021-06-01 | 33 days | 1,696 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 | 1,665 sqft |
2022-02-01 | 57 days | 1,777 sqft |
2022-03-01 | 25 days | 1,772 sqft |
2022-04-01 | 31 days | 1,784 sqft |
2022-05-01 | 36 days | 1,729 sqft |
2022-06-01 | 39 days | 1,755 sqft |
2022-07-01 | 34 days | 1,772 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 | 1,799 sqft |
2022-12-01 | 57 days | 1,825 sqft |
2023-01-01 | 73 days | 1,813 sqft |
2023-02-01 | 58 days | 1,836 sqft |
2023-03-01 | 38 days | 1,844 sqft |
2023-04-01 | 40 days | 1,810 sqft |
Janesville's median square footage for active listings during the 2023-04-01 period was 1,810 sqft. One year prior, the average listing was 1,784 sqft.