Kingston VA Loans

KINGSTON, NY

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 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.

Kingston's 31 lenders originated 147 VA loans during 2021. The total origination value was $41,025,000, with an average VA loan value of $279,082.

Kingston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kingston averaged 5.42% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.27% and one month ago for the week of 2022-07-01, the average rate was 5.6%.

The average rate one year ago was 2.98%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.06%.

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

Kingston VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kingston level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 36 2.54% $6,061
Mortgage Research Center, LLC 18 2.82% $7,527
USAA Federal Savings Bank 10 2.84% $3,791
HOMESTEAD FUNDING CORP. 8 2.97% $7,303
NAVY FEDERAL CREDIT UNION 8 2.73% $6,815
LOANDEPOT.COM, LLC 7 2.48% $7,807
The Federal Savings Bank 6 2.35% $7,088
NEWREZ LLC 4 2.53% $6,344
Barrington Bank & Trust Company, N.A. 4 3.09% $7,198
Wells Fargo Bank 3 2.63% $7,150
Mr. Cooper ( Nationstar Mortgage ) 3 2.83% $3,608
UNITED WHOLESALE MORTGAGE, LLC 3 2.38% $6,276
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.75% $15,423
Magnolia Bank 2 2.38% $20,243
FREEDOM MORTGAGE CORPORATION 2 2.50% $3,936
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.31% $11,808
CALIBER HOME LOANS, INC. 2 2.25% $4,604
First Federal Bank 1 2.88% $2,293
North American Savings Bank, F.S.B. 1 2.25% $161
Paramount Bank 1 2.50% $5,402
PLAZA HOME MORTGAGE, INC. 1 3.13% $6,590
Carrington Mortgage Services, LLC 1 2.25% $5,133
UNITED MORTGAGE CORP. 1 3.25% $4,112
AMERICAN FINANCING CORPORATION 1 2.38% $10,023
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $10,424
GUARANTEED RATE, INC. 1 2.75% $2,707
KeyBank 1 2.50% $3,657
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.75% $8,377
Flagstar Bank, FSB 1 2.63% $2,714
NBKC BANK 1 2.50% $14,961
NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $1,701

The top Kingston VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 36 VA loans originated. Their average total fees are $6,061, which is $1,466 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Kingston VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($3,791), QUICKEN LOANS, LLC ($6,061), Mortgage Research Center, LLC ($7,527), .

The lowest rate Kingston VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.54%), Mortgage Research Center, LLC (2.82%), USAA Federal Savings Bank (2.84%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Kingston (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 $277,300 (13.2%) $416,641 (15.2%) 1.02 1,266
2018-02-01 $272,500 (10.3%) $418,353 (15.7%) 0.98 1,222
2018-03-01 $279,000 (13.9%) $429,719 (17.9%) 0.97 1,197
2018-04-01 $299,000 (19.7%) $458,666 (26.1%) 1.00 1,052
2018-05-01 $299,700 (15.3%) $459,849 (24.7%) 1.00 1,217
2018-06-01 $315,000 (18.0%) $455,299 (21.4%) 1.05 1,372
2018-07-01 $314,750 (16.6%) $441,895 (14.9%) 1.05 1,379
2018-08-01 $312,500 (16.5%) $433,930 (11.7%) 1.04 1,386
2018-09-01 $309,000 (14.9%) $430,234 (8.0%) 1.03 1,401
2018-10-01 $299,950 (9.9%) $445,774 (9.1%) 1.00 1,374
2018-11-01 $302,450 (9.2%) $459,163 (11.4%) 1.01 1,308
2018-12-01 $299,900 (7.5%) $448,035 (7.4%) 1.03 1,180
2019-01-01 $299,900 (8.2%) $446,381 (7.1%) 1.03 1,075
2019-02-01 $305,900 (12.3%) $453,567 (8.4%) 1.02 1,025
2019-03-01 $296,757 (6.4%) $443,189 (3.1%) 0.97 1,154
2019-04-01 $290,807 (-2.7%) $425,108 (-7.3%) 0.92 1,369
2019-05-01 $295,000 (-1.6%) $423,442 (-7.9%) 0.91 1,528
2019-06-01 $345,000 (9.5%) $475,315 (4.4%) 1.06 1,268
2019-07-01 $349,000 (10.9%) $476,941 (7.9%) 1.08 1,333
2019-08-01 $349,386 (11.8%) $477,250 (10.0%) 1.10 1,350
2019-09-01 $349,836 (13.2%) $479,274 (11.4%) 1.11 1,365
2019-10-01 $343,750 (14.6%) $459,986 (3.2%) 1.10 1,366
2019-11-01 $339,000 (12.1%) $460,086 (0.2%) 1.09 1,320
2019-12-01 $335,000 (11.7%) $455,575 (1.7%) 1.12 1,177
2020-01-01 $342,000 (14.0%) $441,003 (-1.2%) 1.14 989
2020-02-01 $339,900 (11.1%) $437,133 (-3.6%) 1.10 915
2020-03-01 $345,300 (16.4%) $438,314 (-1.1%) 1.08 895
2020-04-01 $342,450 (17.8%) $444,800 (4.6%) 1.07 869
2020-05-01 $349,000 (18.3%) $467,124 (10.3%) 1.06 801
2020-06-01 $352,450 (2.2%) $467,812 (-1.6%) 1.03 805
2020-07-01 $359,500 (3.0%) $470,906 (-1.3%) 1.03 905
2020-08-01 $379,000 (8.5%) $514,011 (7.7%) 1.08 927
2020-09-01 $394,000 (12.6%) $525,762 (9.7%) 1.13 989
2020-10-01 $399,000 (16.1%) $556,432 (21.0%) 1.14 972
2020-11-01 $409,999 (20.9%) $583,674 (26.9%) 1.17 875
2020-12-01 $409,950 (22.4%) $579,499 (27.2%) 1.20 769
2021-01-01 $410,000 (19.9%) $582,981 (32.2%) 1.21 660
2021-02-01 $412,500 (21.4%) $580,370 (32.8%) 1.19 549
2021-03-01 $417,450 (20.9%) $586,403 (33.8%) 1.17 512
2021-04-01 $411,000 (20.0%) $581,246 (30.7%) 1.10 509
2021-05-01 $400,000 (14.6%) $575,938 (23.3%) 1.05 577
2021-06-01 $421,950 (19.7%) $582,262 (24.5%) 1.10 616
2021-07-01 $444,000 (23.5%) $617,871 (31.2%) 1.15 647
2021-08-01 $439,950 (16.1%) $640,702 (24.7%) 1.16 714
2021-09-01 $432,500 (9.8%) $650,883 (23.8%) 1.14 737
2021-10-01 $429,900 (7.7%) $676,960 (21.7%) 1.13 728
2021-11-01 $437,000 (6.6%) $691,356 (18.5%) 1.15 675
2021-12-01 $442,450 (7.9%) $707,856 (22.2%) 1.18 554
2022-01-01 $449,000 (9.5%) $740,625 (27.0%) 1.20 438
2022-02-01 $454,500 (10.2%) $753,028 (29.8%) 1.16 341
2022-03-01 $454,950 (9.0%) $680,648 (16.1%) 1.12 343
2022-04-01 $464,900 (13.1%) $676,588 (16.4%) 1.09 381
2022-05-01 $459,500 (14.9%) $654,881 (13.7%) 1.03 472
2022-06-01 $499,900 (18.5%) $778,445 (33.7%) 1.11 660
Kingston's median listing price for 2022-06-01 was $499,900, a difference of $77,950 (18.5%) versus the prior year and $40,400 versus the prior month.

Kingston's median listing price comes in at 111% of the national average.

Kingston's average listing price for 2022-06-01 was $778,445, a difference of $196,183 (33.7%) versus the prior year and $123,564 versus the prior month.

For the 2022-06-01 period, Kingston had 660 MLS listings, a difference of 188 listings (40%) versus the prior month and 44 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Kingston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 119 days 1,976 sqft
2018-02-01 122 days 1,973 sqft
2018-03-01 118 days 1,992 sqft
2018-04-01 88 days 2,091 sqft
2018-05-01 69 days 2,085 sqft
2018-06-01 62 days 2,068 sqft
2018-07-01 70 days 2,044 sqft
2018-08-01 77 days 2,051 sqft
2018-09-01 86 days 2,030 sqft
2018-10-01 89 days 2,026 sqft
2018-11-01 96 days 2,044 sqft
2018-12-01 102 days 2,044 sqft
2019-01-01 107 days 2,055 sqft
2019-02-01 113 days 2,027 sqft
2019-03-01 102 days 1,960 sqft
2019-04-01 78 days 1,884 sqft
2019-05-01 64 days 1,888 sqft
2019-06-01 60 days 2,052 sqft
2019-07-01 64 days 2,041 sqft
2019-08-01 73 days 2,045 sqft
2019-09-01 81 days 2,054 sqft
2019-10-01 84 days 2,028 sqft
2019-11-01 88 days 2,030 sqft
2019-12-01 97 days 2,023 sqft
2020-01-01 108 days 2,027 sqft
2020-02-01 109 days 2,083 sqft
2020-03-01 106 days 2,084 sqft
2020-04-01 46 days 2,070 sqft
2020-05-01 56 days 2,067 sqft
2020-06-01 65 days 2,040 sqft
2020-07-01 37 days 2,015 sqft
2020-08-01 42 days 2,112 sqft
2020-09-01 44 days 2,073 sqft
2020-10-01 49 days 2,092 sqft
2020-11-01 63 days 2,137 sqft
2020-12-01 78 days 2,100 sqft
2021-01-01 91 days 2,123 sqft
2021-02-01 99 days 2,128 sqft
2021-03-01 72 days 2,072 sqft
2021-04-01 56 days 2,040 sqft
2021-05-01 39 days 2,027 sqft
2021-06-01 42 days 2,014 sqft
2021-07-01 49 days 2,099 sqft
2021-08-01 52 days 2,051 sqft
2021-09-01 55 days 2,009 sqft
2021-10-01 62 days 1,974 sqft
2021-11-01 66 days 1,967 sqft
2021-12-01 77 days 1,913 sqft
2022-01-01 93 days 1,960 sqft
2022-02-01 100 days 2,018 sqft
2022-03-01 70 days 1,951 sqft
2022-04-01 39 days 1,924 sqft
2022-05-01 35 days 1,891 sqft
2022-06-01 32 days 1,941 sqft
Kingston's median listing age (time on market) for 2022-06-01 was 32 days. This is -24% shorter than the same period one year ago.

Kingston's median square footage for active listings during the 2022-06-01 period was 1,941 sqft. One year prior, the average listing was 2,014 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.