Kalamazoo VA Loan Rates, Closing Costs & Stats

KALAMAZOO-PORTAGE, 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.

    Kalamazoo's 56 lenders originated 259 VA loans during 2024. The total origination value was $75,785,000, with an average VA loan value of $292,606.

    Kalamazoo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kalamazoo averaged 6.81% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Kalamazoo's average VA mortgage closing costs are $5,455.

    The average rate for the prior week (2025-05-16) was 6.69% and one month ago for the week of 2025-04-18, the average rate was 6.66%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.8%.

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

    Kalamazoo 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 Kalamazoo level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 53 6.34% $6,110
    UNITED WHOLESALE MORTGAGE, LLC 32 5.90% $6,369
    QUICKEN LOANS, LLC 32 6.12% $9,147
    FREEDOM MORTGAGE CORPORATION 18 6.31% $7,033
    SUCCESS MORTGAGE PARTNERS, INC. 9 6.69% $10,595
    PENNYMAC LOAN SERVICES, LLC 9 5.82% $8,213
    GUARANTEED RATE, INC. 7 6.21% $5,601
    UNION HOME MORTGAGE CORP. 7 6.57% $8,808
    NAVY FEDERAL CREDIT UNION 6 5.85% $4,388
    GVC MORTGAGE, INC. 5 6.23% $9,824
    Fifth Third Bank 4 6.19% $5,617
    NEW DAY FINANCIAL, LLC 4 7.46% $9,360
    LAKE MICHIGAN CREDIT UNION 4 6.44% $3,970
    USAA Federal Savings Bank 4 6.09% $5,149
    NEWREZ LLC 3 7.08% $7,211
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.62% $2,635
    VILLAGE CAPITAL MORTGAGE 3 6.00% $4,789
    SUN WEST MORTGAGE COMPANY, INC. 2 5.60% $893
    BROKER SOLUTIONS, INC. 2 6.25% $8,025
    CLEARPATH LENDING 2 5.56% $11,513
    CONTOUR MORTGAGE CORPORATION 2 6.38% $9,357
    LOANDEPOT.COM, LLC 2 6.37% $5,271
    HOMESIDE FINANCIAL, LLC 2 6.94% $2,856
    ROSS MORTGAGE CORPORATION 2 6.38% $4,358
    CROSSCOUNTRY MORTGAGE, LLC 2 5.94% $2,650
    RUOFF MORTGAGE COMPANY, INC. 2 6.50% $9,113
    SUMMIT HOME MORTGAGE, LLC 2 6.00% $15,134
    TRISTAR FINANCE, INC. 1 6.75% $11,733
    1st Source Bank 1 6.13% $4,824
    Wells Fargo Bank 1 7.00% $3,214
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $4,415
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $30,087
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.99% $8,316
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $9,608
    Barrington Bank & Trust Company, N.A. 1 7.25% $7,716
    BAY EQUITY LLC 1 5.75% $3,182
    Capital Bank 1 6.13% $5,936
    Carrington Mortgage Services, LLC 1 5.88% $10,330
    Credence Funding Corporation 1 5.88% $3,944
    DAS Acquisition Company, LLC 1 6.25% $8,365
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $3,511
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $4,289
    FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $6,423
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $7,595
    JPMorgan Chase Bank 1 7.13% $6,091
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $7,890
    Magnolia Bank 1 5.25% $10,685
    MICHIGAN MUTUAL, INC. 1 6.25% $4,730
    MORTGAGE 1 INCORPORATED 1 7.13% $13,790
    MORTGAGE CENTER L.C 1 7.25% $4,950
    Plains Commerce Bank 1 6.88% $3,978
    PLANET HOME LENDING, LLC 1 5.99% $1,982
    PLAZA HOME MORTGAGE, INC. 1 6.13% $10,946
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $3,172
    The Federal Savings Bank 1 6.50% $17,427
    TOP FLITE FINANCIAL, INC. 1 6.25% $14,290

    The top Kalamazoo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 53 VA loans originated. Their average total fees are $6,110, which is $259 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Kalamazoo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,110), UNITED WHOLESALE MORTGAGE, LLC ($6,369), FREEDOM MORTGAGE CORPORATION ($7,033), QUICKEN LOANS, LLC ($9,147) and .

    The lowest rate Kalamazoo VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.90%), QUICKEN LOANS, LLC (6.12%), FREEDOM MORTGAGE CORPORATION (6.31%), Mortgage Research Center, LLC (6.34%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kalamazoo (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 $196,250 (-2.6%) $273,353 (-12.6%) 0.73 550
    2018-02-01 $207,225 (-14.7%) $282,733 (-15.2%) 0.75 502
    2018-03-01 $240,000 (-5.3%) $324,828 (-6.2%) 0.84 469
    2018-04-01 $268,950 (-0.4%) $340,615 (-3.6%) 0.91 476
    2018-05-01 $279,900 (9.8%) $340,016 (1.3%) 0.93 525
    2018-06-01 $271,438 (13.1%) $335,724 (7.3%) 0.91 580
    2018-07-01 $253,900 (6.2%) $319,044 (2.3%) 0.85 623
    2018-08-01 $239,788 (6.6%) $305,604 (2.8%) 0.80 711
    2018-09-01 $230,000 (7.0%) $292,621 (0.7%) 0.77 767
    2018-10-01 $229,900 (7.0%) $292,087 (0.7%) 0.78 786
    2018-11-01 $227,750 (13.9%) $296,980 (4.7%) 0.77 743
    2018-12-01 $229,000 (14.6%) $295,655 (5.9%) 0.79 654
    2019-01-01 $224,900 (14.6%) $294,463 (7.7%) 0.78 593
    2019-02-01 $229,450 (10.7%) $307,876 (8.9%) 0.78 528
    2019-03-01 $256,214 (6.8%) $331,709 (2.1%) 0.84 510
    2019-04-01 $279,900 (4.1%) $354,322 (4.0%) 0.89 521
    2019-05-01 $291,325 (4.1%) $362,341 (6.6%) 0.91 534
    2019-06-01 $274,900 (1.3%) $353,251 (5.2%) 0.86 615
    2019-07-01 $260,600 (2.6%) $338,074 (6.0%) 0.82 663
    2019-08-01 $247,245 (3.1%) $326,168 (6.7%) 0.78 725
    2019-09-01 $243,114 (5.7%) $317,702 (8.6%) 0.78 770
    2019-10-01 $239,900 (4.4%) $310,276 (6.2%) 0.77 795
    2019-11-01 $234,900 (3.1%) $299,324 (0.8%) 0.77 739
    2019-12-01 $229,900 (0.4%) $297,442 (0.6%) 0.77 641
    2020-01-01 $230,000 (2.3%) $302,260 (2.7%) 0.77 572
    2020-02-01 $249,500 (8.7%) $308,496 (0.2%) 0.82 541
    2020-03-01 $282,400 (10.2%) $339,719 (2.4%) 0.89 493
    2020-04-01 $289,900 (3.6%) $345,670 (-2.4%) 0.91 490
    2020-05-01 $299,953 (3.0%) $369,309 (1.9%) 0.91 501
    2020-06-01 $312,975 (13.9%) $377,930 (7.0%) 0.92 483
    2020-07-01 $297,700 (14.2%) $365,692 (8.2%) 0.86 471
    2020-08-01 $299,000 (20.9%) $353,944 (8.5%) 0.86 447
    2020-09-01 $289,900 (19.2%) $345,850 (8.9%) 0.83 423
    2020-10-01 $299,000 (24.6%) $350,016 (12.8%) 0.86 397
    2020-11-01 $304,850 (29.8%) $359,396 (20.1%) 0.89 371
    2020-12-01 $297,800 (29.5%) $353,291 (18.8%) 0.89 323
    2021-01-01 $289,000 (25.7%) $353,624 (17.0%) 0.86 263
    2021-02-01 $307,500 (23.3%) $368,558 (19.5%) 0.90 226
    2021-03-01 $325,725 (15.3%) $379,405 (11.7%) 0.92 213
    2021-04-01 $333,648 (15.1%) $389,880 (12.8%) 0.90 212
    2021-05-01 $338,950 (13.0%) $379,376 (2.7%) 0.90 234
    2021-06-01 $314,950 (0.6%) $362,239 (-4.2%) 0.83 258
    2021-07-01 $299,000 (0.4%) $350,387 (-4.2%) 0.79 298
    2021-08-01 $293,475 (-1.9%) $358,530 (1.3%) 0.78 326
    2021-09-01 $281,250 (-3.0%) $356,149 (3.0%) 0.75 328
    2021-10-01 $279,900 (-6.4%) $361,868 (3.4%) 0.75 321
    2021-11-01 $270,450 (-11.3%) $358,094 (-0.4%) 0.72 294
    2021-12-01 $258,950 (-13.1%) $346,582 (-1.9%) 0.70 220
    2022-01-01 $275,450 (-4.7%) $351,898 (-0.5%) 0.74 147
    2022-02-01 $307,400 (0.0%) $366,488 (-0.6%) 0.80 146
    2022-03-01 $299,700 (-8.0%) $369,024 (-2.7%) 0.75 152
    2022-04-01 $329,000 (-1.4%) $399,888 (2.6%) 0.78 160
    2022-05-01 $304,907 (-10.0%) $408,047 (7.6%) 0.70 209
    2022-06-01 $325,250 (3.3%) $410,005 (13.2%) 0.72 254
    2022-07-01 $305,000 (2.0%) $397,123 (13.3%) 0.69 316
    2022-08-01 $290,000 (-1.2%) $379,051 (5.7%) 0.67 363
    2022-09-01 $294,975 (4.9%) $376,837 (5.8%) 0.69 338
    2022-10-01 $287,500 (2.7%) $373,887 (3.3%) 0.68 388
    2022-11-01 $279,945 (3.5%) $360,414 (0.7%) 0.67 397
    2022-12-01 $275,000 (6.2%) $357,273 (3.1%) 0.68 333
    2023-01-01 $295,993 (7.5%) $381,584 (8.4%) 0.73 276
    2023-02-01 $304,700 (-0.9%) $393,334 (7.3%) 0.74 252
    2023-03-01 $294,500 (-1.7%) $396,431 (7.4%) 0.69 227
    2023-04-01 $345,450 (5.0%) $448,822 (12.2%) 0.80 222
    2023-05-01 $334,900 (9.8%) $429,679 (5.3%) 0.76 249
    2023-06-01 $331,627 (2.0%) $421,615 (2.8%) 0.75 296
    2023-07-01 $325,000 (6.6%) $420,371 (5.9%) 0.74 325
    2023-08-01 $319,400 (10.1%) $401,881 (6.0%) 0.73 343
    2023-09-01 $313,000 (6.1%) $402,762 (6.9%) 0.73 361
    2023-10-01 $304,900 (6.1%) $389,846 (4.3%) 0.72 369
    2023-11-01 $289,900 (3.6%) $375,923 (4.3%) 0.69 386
    2023-12-01 $288,000 (4.7%) $375,658 (5.2%) 0.70 372
    2024-01-01 $297,450 (0.5%) $381,139 (-0.1%) 0.73 333
    2024-02-01 $329,950 (8.3%) $422,103 (7.3%) 0.79 310
    2024-03-01 $357,500 (21.4%) $446,327 (12.6%) 0.84 303
    2024-04-01 $372,450 (7.8%) $452,951 (0.9%) 0.87 320
    2024-05-01 $386,975 (15.6%) $473,314 (10.2%) 0.88 342
    2024-06-01 $369,000 (11.3%) $453,338 (7.5%) 0.84 375
    2024-07-01 $375,000 (15.4%) $437,213 (4.0%) 0.86 387
    2024-08-01 $369,900 (15.8%) $435,567 (8.4%) 0.86 429
    2024-09-01 $356,225 (13.8%) $434,465 (7.9%) 0.84 476
    2024-10-01 $329,072 (7.9%) $420,203 (7.8%) 0.77 471
    2024-11-01 $329,900 (13.8%) $413,335 (10.0%) 0.79 470
    2024-12-01 $299,950 (4.2%) $383,830 (2.2%) 0.75 411
    2025-01-01 $304,950 (2.5%) $394,021 (3.4%) 0.76 356
    2025-02-01 $324,950 (-1.5%) $408,172 (-3.3%) 0.79 327
    2025-03-01 $325,000 (-9.1%) $397,246 (-11.0%) 0.76 323
    2025-04-01 $346,225 (-7.0%) $431,308 (-4.8%) 0.80 342
    Kalamazoo's median listing price for 2025-04-01 was $346,225, a difference of $-26,225 (-7.0%) versus the prior year and $21,225 versus the prior month.

    Kalamazoo's median listing price comes in at 80% of the national average.

    Kalamazoo's average listing price for 2025-04-01 was $431,308, a difference of $-21,643 (-4.8%) versus the prior year and $34,062 versus the prior month.

    For the 2025-04-01 period, Kalamazoo had 342 MLS listings, a difference of 19 listings (6%) versus the prior month and 22 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kalamazoo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 68 days 1,902 sqft
    2018-02-01 61 days 1,951 sqft
    2018-03-01 44 days 2,100 sqft
    2018-04-01 38 days 2,253 sqft
    2018-05-01 31 days 2,355 sqft
    2018-06-01 32 days 2,291 sqft
    2018-07-01 36 days 2,237 sqft
    2018-08-01 32 days 2,139 sqft
    2018-09-01 39 days 2,120 sqft
    2018-10-01 45 days 2,050 sqft
    2018-11-01 50 days 1,994 sqft
    2018-12-01 59 days 2,012 sqft
    2019-01-01 66 days 1,940 sqft
    2019-02-01 57 days 1,922 sqft
    2019-03-01 46 days 2,061 sqft
    2019-04-01 36 days 2,180 sqft
    2019-05-01 32 days 2,256 sqft
    2019-06-01 31 days 2,221 sqft
    2019-07-01 34 days 2,197 sqft
    2019-08-01 39 days 2,119 sqft
    2019-09-01 41 days 2,097 sqft
    2019-10-01 42 days 2,076 sqft
    2019-11-01 45 days 2,048 sqft
    2019-12-01 62 days 2,002 sqft
    2020-01-01 70 days 2,004 sqft
    2020-02-01 62 days 1,983 sqft
    2020-03-01 50 days 2,068 sqft
    2020-04-01 56 days 2,084 sqft
    2020-05-01 65 days 2,197 sqft
    2020-06-01 44 days 2,304 sqft
    2020-07-01 45 days 2,194 sqft
    2020-08-01 46 days 2,232 sqft
    2020-09-01 46 days 2,088 sqft
    2020-10-01 44 days 2,084 sqft
    2020-11-01 47 days 2,075 sqft
    2020-12-01 55 days 2,060 sqft
    2021-01-01 58 days 1,894 sqft
    2021-02-01 51 days 1,876 sqft
    2021-03-01 45 days 1,975 sqft
    2021-04-01 39 days 1,996 sqft
    2021-05-01 30 days 2,003 sqft
    2021-06-01 33 days 2,047 sqft
    2021-07-01 32 days 1,990 sqft
    2021-08-01 34 days 2,014 sqft
    2021-09-01 39 days 1,965 sqft
    2021-10-01 39 days 1,911 sqft
    2021-11-01 43 days 1,884 sqft
    2021-12-01 48 days 1,773 sqft
    2022-01-01 55 days 1,801 sqft
    2022-02-01 33 days 1,834 sqft
    2022-03-01 31 days 1,809 sqft
    2022-04-01 32 days 1,811 sqft
    2022-05-01 25 days 1,849 sqft
    2022-06-01 28 days 1,894 sqft
    2022-07-01 30 days 1,872 sqft
    2022-08-01 33 days 1,936 sqft
    2022-09-01 42 days 1,975 sqft
    2022-10-01 39 days 1,902 sqft
    2022-11-01 41 days 1,883 sqft
    2022-12-01 54 days 1,794 sqft
    2023-01-01 51 days 1,800 sqft
    2023-02-01 42 days 1,780 sqft
    2023-03-01 44 days 1,741 sqft
    2023-04-01 45 days 1,861 sqft
    2023-05-01 33 days 1,842 sqft
    2023-06-01 33 days 1,835 sqft
    2023-07-01 37 days 1,832 sqft
    2023-08-01 35 days 1,851 sqft
    2023-09-01 39 days 1,845 sqft
    2023-10-01 43 days 1,829 sqft
    2023-11-01 37 days 1,816 sqft
    2023-12-01 49 days 1,785 sqft
    2024-01-01 65 days 1,780 sqft
    2024-02-01 52 days 1,833 sqft
    2024-03-01 45 days 1,908 sqft
    2024-04-01 40 days 1,971 sqft
    2024-05-01 38 days 2,027 sqft
    2024-06-01 41 days 2,001 sqft
    2024-07-01 44 days 2,035 sqft
    2024-08-01 43 days 2,001 sqft
    2024-09-01 41 days 1,956 sqft
    2024-10-01 46 days 1,940 sqft
    2024-11-01 50 days 1,873 sqft
    2024-12-01 56 days 1,849 sqft
    2025-01-01 63 days 1,810 sqft
    2025-02-01 57 days 1,827 sqft
    2025-03-01 39 days 1,798 sqft
    2025-04-01 38 days 1,870 sqft
    Kalamazoo's median listing age (time on market) for 2025-04-01 was 38 days. This is -6% shorter than the same period one year ago.

    Kalamazoo's median square footage for active listings during the 2025-04-01 period was 1,870 sqft. One year prior, the average listing was 1,971 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.