Kingston VA Loan Rates, Closing Costs & Stats

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 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.

Kingston's 31 lenders originated 96 VA loans during 2022. The total origination value was $30,160,000, with an average VA loan value of $314,167.

Kingston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kingston averaged 5.79% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Kingston's average VA mortgage closing costs are $7,305.

The average rate for the prior week (2024-02-23) was 5.82% and one month ago for the week of 2024-01-26, the average rate was 5.75%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.4%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kingston level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 15 3.69% $11,981
Mortgage Research Center, LLC 10 5.10% $7,347
NAVY FEDERAL CREDIT UNION 6 4.17% $8,327
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 4.65% $12,935
CROSSCOUNTRY MORTGAGE, LLC 5 5.15% $8,853
USAA Federal Savings Bank 5 4.03% $10,566
FREEDOM MORTGAGE CORPORATION 4 4.59% $14,463
HOMESTEAD FUNDING CORP. 4 4.56% $6,298
LOANDEPOT.COM, LLC 3 4.92% $9,729
UNITED WHOLESALE MORTGAGE, LLC 3 4.39% $8,432
M&T Bank 3 2.75% $9,692
Wells Fargo Bank 2 5.31% $4,488
PENTAGON FEDERAL CREDIT UNION 2 3.31% $12,306
Mr. Cooper ( Nationstar Mortgage ) 2 3.63% $14,953
The Federal Savings Bank 2 5.38% $25,258
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 5.75% $5,045
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.63% $17,164
Carrington Mortgage Services, LLC 1 4.88% $25,723
Citizens Bank 1 3.50% $7,479
CONTOUR MORTGAGE CORPORATION 1 5.25% $6,550
Flagstar Bank, FSB 1 4.38% $9,324
GUARANTEED RATE, INC. 1 3.25% $9,973
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.75% $18,886
Meridian Bank Corporation 1 5.75% $11,347
CALIBER HOME LOANS, INC. 1 4.75% $16,636
NBKC BANK 1 2.50% $27,186
PLAZA HOME MORTGAGE, INC. 1 4.63% $15,468
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $5,622
SEFCU SERVICES, LLC 1 2.50% $9,611
Service Federal Credit Union 1 4.25% $3,904
Ulster Savings Bank 1 5.00% $3,946

The top Kingston VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 15 VA loans originated. Their average total fees are $11,981, which is $4,634 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Kingston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,347), QUICKEN LOANS, LLC ($11,981), .

The lowest rate Kingston VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.69%), Mortgage Research Center, LLC (5.10%), .


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 $274,900 (15.0%) $450,702 (19.6%) 1.02 1,025
2018-02-01 $267,225 (11.4%) $443,991 (19.3%) 0.97 986
2018-03-01 $274,950 (14.7%) $465,097 (25.4%) 0.96 963
2018-04-01 $299,000 (20.1%) $505,794 (33.2%) 1.01 824
2018-05-01 $299,950 (15.4%) $511,973 (33.7%) 1.00 945
2018-06-01 $306,950 (14.1%) $498,242 (27.8%) 1.02 1,095
2018-07-01 $302,400 (12.0%) $481,629 (18.5%) 1.01 1,094
2018-08-01 $307,200 (16.0%) $474,445 (16.1%) 1.03 1,074
2018-09-01 $299,900 (11.8%) $461,776 (11.3%) 1.01 1,081
2018-10-01 $299,900 (10.1%) $479,059 (12.9%) 1.02 1,071
2018-11-01 $299,925 (9.1%) $489,432 (13.4%) 1.02 1,014
2018-12-01 $299,000 (8.8%) $476,249 (7.7%) 1.03 942
2019-01-01 $299,000 (8.8%) $472,999 (5.0%) 1.03 850
2019-02-01 $299,450 (12.1%) $484,276 (9.1%) 1.01 817
2019-03-01 $292,957 (6.6%) $466,576 (0.3%) 0.96 939
2019-04-01 $285,957 (-4.4%) $437,524 (-13.5%) 0.91 1,136
2019-05-01 $287,500 (-4.2%) $434,373 (-15.2%) 0.90 1,268
2019-06-01 $349,000 (13.7%) $499,640 (0.3%) 1.09 1,010
2019-07-01 $343,625 (13.6%) $489,647 (1.7%) 1.08 1,060
2019-08-01 $338,636 (10.2%) $483,812 (2.0%) 1.07 1,077
2019-09-01 $333,216 (11.1%) $474,368 (2.7%) 1.07 1,103
2019-10-01 $329,000 (9.7%) $466,685 (-2.6%) 1.06 1,110
2019-11-01 $324,999 (8.4%) $466,680 (-4.7%) 1.07 1,055
2019-12-01 $324,950 (8.7%) $466,427 (-2.1%) 1.08 939
2020-01-01 $327,000 (9.4%) $458,638 (-3.0%) 1.09 785
2020-02-01 $327,000 (9.2%) $457,663 (-5.5%) 1.07 738
2020-03-01 $344,900 (17.7%) $473,018 (1.4%) 1.08 791
2020-04-01 $348,000 (21.7%) $487,616 (11.5%) 1.09 767
2020-05-01 $349,900 (21.7%) $498,020 (14.7%) 1.06 707
2020-06-01 $357,000 (2.3%) $503,588 (0.8%) 1.05 677
2020-07-01 $362,500 (5.5%) $508,953 (3.9%) 1.05 743
2020-08-01 $375,000 (10.7%) $535,986 (10.8%) 1.07 765
2020-09-01 $384,683 (15.5%) $534,260 (12.6%) 1.10 818
2020-10-01 $399,000 (21.3%) $562,579 (20.6%) 1.14 806
2020-11-01 $400,000 (23.1%) $589,841 (26.4%) 1.17 707
2020-12-01 $401,250 (23.5%) $592,406 (27.0%) 1.19 633
2021-01-01 $409,000 (25.1%) $600,256 (30.9%) 1.22 542
2021-02-01 $409,750 (25.3%) $609,254 (33.1%) 1.19 458
2021-03-01 $405,000 (17.4%) $616,487 (30.3%) 1.15 429
2021-04-01 $410,000 (17.8%) $623,694 (27.9%) 1.11 428
2021-05-01 $399,950 (14.3%) $606,528 (21.8%) 1.06 469
2021-06-01 $417,238 (16.9%) $620,041 (23.1%) 1.10 503
2021-07-01 $434,450 (19.9%) $654,179 (28.5%) 1.15 536
2021-08-01 $438,500 (16.9%) $658,278 (22.8%) 1.17 581
2021-09-01 $427,450 (11.1%) $664,361 (24.4%) 1.14 601
2021-10-01 $409,900 (2.7%) $675,450 (20.1%) 1.09 598
2021-11-01 $412,500 (3.1%) $670,424 (13.7%) 1.10 547
2021-12-01 $425,000 (5.9%) $686,147 (15.8%) 1.15 454
2022-01-01 $439,450 (7.4%) $715,344 (19.2%) 1.19 366
2022-02-01 $452,250 (10.4%) $763,980 (25.4%) 1.18 287
2022-03-01 $449,675 (11.0%) $713,973 (15.8%) 1.13 286
2022-04-01 $449,900 (9.7%) $701,106 (12.4%) 1.07 308
2022-05-01 $454,500 (13.6%) $687,421 (13.3%) 1.04 374
2022-06-01 $499,000 (19.6%) $750,801 (21.1%) 1.11 518
2022-07-01 $499,225 (14.9%) $743,820 (13.7%) 1.12 615
2022-08-01 $499,450 (13.9%) $752,791 (14.4%) 1.15 632
2022-09-01 $499,000 (16.7%) $744,961 (12.1%) 1.17 632
2022-10-01 $490,000 (19.5%) $723,231 (7.1%) 1.15 633
2022-11-01 $499,000 (21.0%) $726,178 (8.3%) 1.20 607
2022-12-01 $489,900 (15.3%) $720,887 (5.1%) 1.21 535
2023-01-01 $468,725 (6.7%) $676,348 (-5.5%) 1.16 454
2023-02-01 $488,000 (7.9%) $678,094 (-11.2%) 1.18 391
2023-03-01 $479,500 (6.6%) $671,698 (-5.9%) 1.13 374
2023-04-01 $499,000 (10.9%) $751,826 (7.2%) 1.16 397
2023-05-01 $528,000 (16.2%) $742,438 (8.0%) 1.20 453
2023-06-01 $569,000 (14.0%) $782,814 (4.3%) 1.28 486
2023-07-01 $572,400 (14.7%) $784,469 (5.5%) 1.30 534
2023-08-01 $557,450 (11.6%) $779,435 (3.5%) 1.28 558
2023-09-01 $574,900 (15.2%) $800,563 (7.5%) 1.34 613
2023-10-01 $562,000 (14.7%) $801,021 (10.8%) 1.32 603
2023-11-01 $549,900 (10.2%) $790,592 (8.9%) 1.31 611
2023-12-01 $575,000 (17.4%) $824,805 (14.4%) 1.40 488
2024-01-01 $558,225 (19.1%) $814,954 (20.5%) 1.36 402
Kingston's median listing price for 2024-01-01 was $558,225, a difference of $89,500 (19.1%) versus the prior year and $-16,775 versus the prior month.

Kingston's median listing price comes in at 136% of the national average.

Kingston's average listing price for 2024-01-01 was $814,954, a difference of $138,606 (20.5%) versus the prior year and $-9,851 versus the prior month.

For the 2024-01-01 period, Kingston had 402 MLS listings, a difference of -86 listings (-18%) versus the prior month and -52 listings (-11%) 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
2018-01-01 121 days 1,917 sqft
2018-02-01 122 days 1,902 sqft
2018-03-01 116 days 1,920 sqft
2018-04-01 86 days 2,026 sqft
2018-05-01 68 days 2,044 sqft
2018-06-01 58 days 2,036 sqft
2018-07-01 66 days 1,996 sqft
2018-08-01 74 days 1,992 sqft
2018-09-01 86 days 1,957 sqft
2018-10-01 87 days 1,955 sqft
2018-11-01 90 days 2,000 sqft
2018-12-01 99 days 1,977 sqft
2019-01-01 107 days 1,999 sqft
2019-02-01 113 days 1,981 sqft
2019-03-01 96 days 1,906 sqft
2019-04-01 73 days 1,849 sqft
2019-05-01 60 days 1,851 sqft
2019-06-01 58 days 2,036 sqft
2019-07-01 63 days 2,014 sqft
2019-08-01 73 days 1,990 sqft
2019-09-01 80 days 1,968 sqft
2019-10-01 86 days 1,950 sqft
2019-11-01 95 days 1,956 sqft
2019-12-01 104 days 1,960 sqft
2020-01-01 116 days 1,980 sqft
2020-02-01 115 days 2,044 sqft
2020-03-01 107 days 2,051 sqft
2020-04-01 91 days 2,052 sqft
2020-05-01 94 days 2,052 sqft
2020-06-01 66 days 2,045 sqft
2020-07-01 38 days 2,023 sqft
2020-08-01 44 days 2,044 sqft
2020-09-01 46 days 2,023 sqft
2020-10-01 52 days 2,028 sqft
2020-11-01 66 days 2,069 sqft
2020-12-01 86 days 2,048 sqft
2021-01-01 100 days 2,061 sqft
2021-02-01 103 days 2,055 sqft
2021-03-01 86 days 1,993 sqft
2021-04-01 64 days 2,020 sqft
2021-05-01 43 days 1,985 sqft
2021-06-01 43 days 1,990 sqft
2021-07-01 51 days 2,045 sqft
2021-08-01 57 days 2,007 sqft
2021-09-01 58 days 1,969 sqft
2021-10-01 66 days 1,854 sqft
2021-11-01 69 days 1,859 sqft
2021-12-01 79 days 1,824 sqft
2022-01-01 101 days 1,854 sqft
2022-02-01 108 days 1,995 sqft
2022-03-01 78 days 1,924 sqft
2022-04-01 40 days 1,900 sqft
2022-05-01 38 days 1,892 sqft
2022-06-01 35 days 1,906 sqft
2022-07-01 43 days 1,980 sqft
2022-08-01 57 days 2,019 sqft
2022-09-01 66 days 2,020 sqft
2022-10-01 67 days 2,000 sqft
2022-11-01 77 days 2,054 sqft
2022-12-01 87 days 2,027 sqft
2023-01-01 99 days 1,965 sqft
2023-02-01 106 days 2,014 sqft
2023-03-01 108 days 2,020 sqft
2023-04-01 59 days 2,024 sqft
2023-05-01 46 days 2,005 sqft
2023-06-01 45 days 2,057 sqft
2023-07-01 51 days 2,059 sqft
2023-08-01 59 days 2,047 sqft
2023-09-01 66 days 2,051 sqft
2023-10-01 65 days 2,013 sqft
2023-11-01 69 days 1,998 sqft
2023-12-01 79 days 2,028 sqft
2024-01-01 92 days 2,044 sqft
Kingston's median listing age (time on market) for 2024-01-01 was 92 days. This is -7% shorter than the same period one year ago.

Kingston's median square footage for active listings during the 2024-01-01 period was 2,044 sqft. One year prior, the average listing was 1,965 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.