Ketchikan VA Loan Rates, Closing Costs & Stats
Ketchikan, AK
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.
Ketchikan's 13 lenders originated 23 VA loans during 2023. The total origination value was $10,075,000, with an average VA loan value of $438,043.
Ketchikan VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Ketchikan
averaged
5.88%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Ketchikan's average VA mortgage closing costs are $8,409.
The average rate for the prior week (2024-12-06) was
6.31% and
one month ago for the week of 2024-11-08, the
average rate was 6.11%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.18%.
Ketchikan 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 Ketchikan level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 6 | 7.27% | $10,227 |
| RESIDENTIAL BANCORP | 2 | 7.00% | $11,791 |
| CORNERSTONE HOME LENDING, INC. | 2 | 6.13% | $25,368 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.38% | $20,978 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 8.25% | $9,905 |
| LOANDEPOT.COM, LLC | 1 | 6.99% | $7,248 |
| CARDINAL FINANCIAL | 1 | 5.75% | $8,908 |
| Barrington Bank & Trust Company, N.A. | 1 | 5.75% | $27,606 |
| NAVY FEDERAL CREDIT UNION | 1 | 5.88% | $3,520 |
| ON Q FINANCIAL, INC. | 1 | 7.75% | $9,504 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 5.13% | $9,318 |
| CMG MORTGAGE, INC. | 1 | 5.50% | $4,986 |
| QUICKEN LOANS, LLC | 1 | 5.99% | $16,381 |
The top Ketchikan VA lender as defined by loan originations is Mortgage Research Center, LLC, with
6 VA loans originated. Their average total fees are
$10,227, which is $1,564
lower than the next largest lender,
RESIDENTIAL BANCORP.
The lowest fee Ketchikan VA lenders (with over 10 loans originated) are
.
The lowest rate Ketchikan VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ketchikan (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 | $183,500 (-34.0%) | $265,974 (-43.2%) | 0.00 | 84 |
| 2018-02-01 | $213,750 (-22.3%) | $271,979 (-42.0%) | 0.00 | 79 |
| 2018-03-01 | $235,000 (-11.2%) | $284,151 (-39.5%) | 0.00 | 83 |
| 2018-04-01 | $239,875 (-9.5%) | $300,361 (-30.5%) | 0.00 | 69 |
| 2018-05-01 | $264,738 (-6.8%) | $312,331 (-32.4%) | 0.00 | 68 |
| 2018-06-01 | $315,000 (15.3%) | $380,631 (-21.6%) | 0.00 | 80 |
| 2018-07-01 | $295,000 (11.3%) | $403,486 (-14.5%) | 0.00 | 99 |
| 2018-08-01 | $304,875 (14.0%) | $408,226 (-10.1%) | 0.00 | 96 |
| 2018-09-01 | $319,500 (25.3%) | $394,585 (-8.5%) | 0.00 | 88 |
| 2018-10-01 | $281,000 (12.2%) | $345,717 (-13.3%) | 0.00 | 85 |
| 2018-11-01 | $297,250 (20.0%) | $361,831 (-9.5%) | 0.00 | 71 |
| 2018-12-01 | $269,000 (8.5%) | $347,768 (-13.8%) | 0.00 | 72 |
| 2019-01-01 | $269,000 (46.6%) | $307,421 (15.6%) | 0.00 | 68 |
| 2019-02-01 | $269,000 (25.9%) | $314,991 (15.8%) | 0.00 | 66 |
| 2019-03-01 | $292,786 (24.6%) | $324,333 (14.1%) | 0.00 | 64 |
| 2019-04-01 | $315,536 (31.5%) | $333,653 (11.1%) | 0.00 | 61 |
| 2019-05-01 | $324,500 (22.6%) | $319,772 (2.4%) | 0.00 | 65 |
| 2019-06-01 | $329,000 (4.4%) | $335,244 (-11.9%) | 0.00 | 68 |
| 2019-07-01 | $326,625 (10.7%) | $329,245 (-18.4%) | 0.00 | 66 |
| 2019-08-01 | $307,918 (1.0%) | $319,767 (-21.7%) | 0.00 | 72 |
| 2019-09-01 | $297,670 (-6.8%) | $308,633 (-21.8%) | 0.00 | 75 |
| 2019-10-01 | $289,475 (3.0%) | $297,378 (-14.0%) | 0.00 | 78 |
| 2019-11-01 | $287,000 (-3.5%) | $284,492 (-21.4%) | 0.00 | 76 |
| 2019-12-01 | $277,750 (3.3%) | $274,512 (-21.1%) | 0.00 | 67 |
| 2020-01-01 | $276,250 (2.7%) | $281,623 (-8.4%) | 0.00 | 67 |
| 2020-02-01 | $284,000 (5.6%) | $283,261 (-10.1%) | 0.00 | 69 |
| 2020-03-01 | $249,750 (-14.7%) | $273,511 (-15.7%) | 0.00 | 67 |
| 2020-04-01 | $257,000 (-18.6%) | $288,260 (-13.6%) | 0.00 | 69 |
| 2020-05-01 | $284,000 (-12.5%) | $304,098 (-4.9%) | 0.00 | 75 |
| 2020-06-01 | $290,500 (-11.7%) | $304,296 (-9.2%) | 0.00 | 81 |
| 2020-07-01 | $271,250 (-17.0%) | $292,034 (-11.3%) | 0.00 | 82 |
| 2020-08-01 | $298,500 (-3.1%) | $312,482 (-2.3%) | 0.00 | 72 |
| 2020-09-01 | $290,250 (-2.5%) | $307,155 (-0.5%) | 0.00 | 74 |
| 2020-10-01 | $245,000 (-15.4%) | $292,748 (-1.6%) | 0.00 | 80 |
| 2020-11-01 | $247,500 (-13.8%) | $296,676 (4.3%) | 0.00 | 73 |
| 2020-12-01 | $263,625 (-5.1%) | $308,187 (12.3%) | 0.00 | 66 |
| 2021-01-01 | $290,000 (5.0%) | $325,716 (15.7%) | 0.00 | 45 |
| 2021-02-01 | $346,250 (21.9%) | $406,779 (43.6%) | 0.00 | 35 |
| 2021-03-01 | $344,750 (38.0%) | $397,403 (45.3%) | 0.00 | 35 |
| 2021-04-01 | $345,250 (34.3%) | $366,716 (27.2%) | 0.00 | 43 |
| 2021-05-01 | $335,000 (18.0%) | $338,842 (11.4%) | 0.00 | 51 |
| 2021-06-01 | $325,000 (11.9%) | $351,524 (15.5%) | 0.00 | 51 |
| 2021-07-01 | $341,000 (25.7%) | $377,221 (29.2%) | 0.00 | 53 |
| 2021-08-01 | $376,500 (26.1%) | $382,250 (22.3%) | 0.00 | 54 |
| 2021-09-01 | $394,375 (35.9%) | $381,380 (24.2%) | 0.00 | 43 |
| 2021-10-01 | $359,000 (46.5%) | $380,564 (30.0%) | 0.00 | 36 |
| 2021-11-01 | $309,250 (25.0%) | $373,058 (25.8%) | 0.00 | 29 |
| 2021-12-01 | $374,250 (42.0%) | $399,918 (29.8%) | 0.00 | 27 |
| 2022-01-01 | $399,000 (37.6%) | $407,704 (25.2%) | 0.00 | 20 |
| 2022-02-01 | $420,625 (21.5%) | $425,572 (4.6%) | 0.00 | 24 |
| 2022-03-01 | $485,000 (40.7%) | $417,913 (5.2%) | 0.00 | 24 |
| 2022-04-01 | $344,750 (-0.1%) | $423,690 (15.5%) | 0.00 | 22 |
| 2022-05-01 | $406,500 (21.3%) | $453,378 (33.8%) | 0.00 | 23 |
| 2022-06-01 | $428,750 (31.9%) | $454,792 (29.4%) | 0.00 | 14 |
| 2022-07-01 | $399,000 (17.0%) | $378,633 (0.4%) | 0.00 | 21 |
| 2022-08-01 | $449,250 (19.3%) | $408,429 (6.9%) | 0.00 | 23 |
| 2022-09-01 | $438,250 (11.1%) | $399,342 (4.7%) | 0.00 | 28 |
| 2022-10-01 | $435,250 (21.2%) | $421,672 (10.8%) | 0.00 | 30 |
| 2022-11-01 | $405,000 (31.0%) | $377,243 (1.1%) | 0.00 | 29 |
| 2022-12-01 | $389,000 (3.9%) | $387,426 (-3.1%) | 0.00 | 29 |
| 2023-01-01 | $395,500 (-0.9%) | $380,359 (-6.7%) | 0.00 | 28 |
| 2023-02-01 | $388,000 (-7.8%) | $391,920 (-7.9%) | 0.00 | 24 |
| 2023-03-01 | $429,500 (-11.4%) | $412,743 (-1.2%) | 0.00 | 27 |
| 2023-04-01 | $449,000 (30.2%) | $433,771 (2.4%) | 0.00 | 33 |
| 2023-05-01 | $439,000 (8.0%) | $446,701 (-1.5%) | 0.00 | 38 |
| 2023-06-01 | $422,000 (-1.6%) | $425,327 (-6.5%) | 0.00 | 38 |
| 2023-07-01 | $415,000 (4.0%) | $419,570 (10.8%) | 0.00 | 41 |
| 2023-08-01 | $394,000 (-12.3%) | $388,694 (-4.8%) | 0.00 | 41 |
| 2023-09-01 | $420,000 (-4.2%) | $416,048 (4.2%) | 0.00 | 39 |
| 2023-10-01 | $407,250 (-6.4%) | $423,179 (0.4%) | 0.00 | 39 |
| 2023-11-01 | $429,000 (5.9%) | $433,033 (14.8%) | 0.00 | 37 |
| 2023-12-01 | $450,000 (15.7%) | $452,313 (16.8%) | 0.00 | 33 |
| 2024-01-01 | $449,500 (13.7%) | $441,500 (16.1%) | 0.00 | 28 |
| 2024-02-01 | $434,500 (12.0%) | $414,513 (5.8%) | 0.00 | 31 |
| 2024-03-01 | $445,000 (3.6%) | $448,181 (8.6%) | 0.00 | 35 |
| 2024-04-01 | $456,500 (1.7%) | $481,187 (10.9%) | 0.00 | 41 |
| 2024-05-01 | $449,000 (2.3%) | $473,758 (6.1%) | 0.00 | 35 |
| 2024-06-01 | $449,000 (6.4%) | $460,543 (8.3%) | 0.00 | 44 |
| 2024-07-01 | $497,250 (19.8%) | $534,809 (27.5%) | 0.00 | 49 |
| 2024-08-01 | $449,000 (14.0%) | $498,856 (28.3%) | 0.00 | 58 |
| 2024-09-01 | $438,000 (4.3%) | $520,719 (25.2%) | 0.00 | 60 |
| 2024-10-01 | $449,000 (10.3%) | $525,361 (24.2%) | 0.00 | 56 |
| 2024-11-01 | $449,000 (4.7%) | $507,058 (17.1%) | 0.00 | 42 |
Ketchikan's median listing price comes in at 0% of the national average.
Ketchikan's average listing price for 2024-11-01 was $507,058, a difference of $74,025 (17.1%) versus the prior year and $-18,303 versus the prior month.
For the 2024-11-01 period, Ketchikan had 42 MLS listings, a difference of -14 listings (-25%) versus the prior month and 5 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ketchikan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,379 sqft |
| 2018-02-01 | 0 days | 1,500 sqft |
| 2018-03-01 | 0 days | 1,501 sqft |
| 2018-04-01 | 0 days | 1,500 sqft |
| 2018-05-01 | 0 days | 1,505 sqft |
| 2018-06-01 | 0 days | 1,647 sqft |
| 2018-07-01 | 0 days | 1,709 sqft |
| 2018-08-01 | 0 days | 1,773 sqft |
| 2018-09-01 | 0 days | 1,730 sqft |
| 2018-10-01 | 0 days | 1,624 sqft |
| 2018-11-01 | 0 days | 1,612 sqft |
| 2018-12-01 | 0 days | 1,440 sqft |
| 2019-01-01 | 0 days | 1,357 sqft |
| 2019-02-01 | 0 days | 1,440 sqft |
| 2019-03-01 | 0 days | 1,521 sqft |
| 2019-04-01 | 0 days | 1,655 sqft |
| 2019-05-01 | 0 days | 1,668 sqft |
| 2019-06-01 | 0 days | 1,636 sqft |
| 2019-07-01 | 0 days | 1,637 sqft |
| 2019-08-01 | 0 days | 1,583 sqft |
| 2019-09-01 | 0 days | 1,502 sqft |
| 2019-10-01 | 0 days | 1,413 sqft |
| 2019-11-01 | 0 days | 1,300 sqft |
| 2019-12-01 | 0 days | 1,243 sqft |
| 2020-01-01 | 0 days | 1,329 sqft |
| 2020-02-01 | 0 days | 1,260 sqft |
| 2020-03-01 | 0 days | 1,218 sqft |
| 2020-04-01 | 0 days | 1,225 sqft |
| 2020-05-01 | 0 days | 1,440 sqft |
| 2020-06-01 | 0 days | 1,466 sqft |
| 2020-07-01 | 0 days | 1,453 sqft |
| 2020-08-01 | 0 days | 1,636 sqft |
| 2020-09-01 | 0 days | 1,508 sqft |
| 2020-10-01 | 0 days | 1,352 sqft |
| 2020-11-01 | 0 days | 1,398 sqft |
| 2020-12-01 | 0 days | 1,296 sqft |
| 2021-01-01 | 0 days | 1,296 sqft |
| 2021-02-01 | 0 days | 1,429 sqft |
| 2021-03-01 | 0 days | 1,496 sqft |
| 2021-04-01 | 0 days | 1,500 sqft |
| 2021-05-01 | 0 days | 1,473 sqft |
| 2021-06-01 | 0 days | 1,477 sqft |
| 2021-07-01 | 0 days | 1,541 sqft |
| 2021-08-01 | 0 days | 1,593 sqft |
| 2021-09-01 | 0 days | 1,482 sqft |
| 2021-10-01 | 0 days | 1,620 sqft |
| 2021-11-01 | 0 days | 1,610 sqft |
| 2021-12-01 | 0 days | 1,598 sqft |
| 2022-01-01 | 0 days | 1,753 sqft |
| 2022-02-01 | 0 days | 1,733 sqft |
| 2022-03-01 | 0 days | 1,791 sqft |
| 2022-04-01 | 0 days | 1,461 sqft |
| 2022-05-01 | 0 days | 1,598 sqft |
| 2022-06-01 | 0 days | 1,780 sqft |
| 2022-07-01 | 0 days | 1,874 sqft |
| 2022-08-01 | 0 days | 1,890 sqft |
| 2022-09-01 | 0 days | 1,832 sqft |
| 2022-10-01 | 0 days | 1,703 sqft |
| 2022-11-01 | 0 days | 1,537 sqft |
| 2022-12-01 | 0 days | 1,584 sqft |
| 2023-01-01 | 0 days | 1,705 sqft |
| 2023-02-01 | 0 days | 1,494 sqft |
| 2023-03-01 | 0 days | 1,446 sqft |
| 2023-04-01 | 0 days | 1,422 sqft |
| 2023-05-01 | 0 days | 1,370 sqft |
| 2023-06-01 | 0 days | 1,273 sqft |
| 2023-07-01 | 0 days | 1,344 sqft |
| 2023-08-01 | 0 days | 1,363 sqft |
| 2023-09-01 | 0 days | 1,451 sqft |
| 2023-10-01 | 0 days | 1,393 sqft |
| 2023-11-01 | 0 days | 1,474 sqft |
| 2023-12-01 | 0 days | 1,446 sqft |
| 2024-01-01 | 0 days | 1,446 sqft |
| 2024-02-01 | 0 days | 1,420 sqft |
| 2024-03-01 | 0 days | 1,716 sqft |
| 2024-04-01 | 0 days | 1,820 sqft |
| 2024-05-01 | 0 days | 1,629 sqft |
| 2024-06-01 | 0 days | 1,610 sqft |
| 2024-07-01 | 0 days | 1,830 sqft |
| 2024-08-01 | 0 days | 1,602 sqft |
| 2024-09-01 | 0 days | 1,602 sqft |
| 2024-10-01 | 0 days | 1,611 sqft |
| 2024-11-01 | 0 days | 1,680 sqft |
Ketchikan's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,474 sqft.