Kingston VA Loan Rates, Closing Costs & Stats

KINGSTON, NY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 17 lenders originated 51 VA loans during 2023. The total origination value was $18,545,000, with an average VA loan value of $363,627.

    Kingston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kingston averaged 0.05% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Kingston's average VA mortgage closing costs are $7,709.

    The average rate for the prior week (2024-11-08) was 6.66% and one month ago for the week of 2024-10-11, the average rate was 6.13%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.55%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 8 6.32% $15,239
    Mortgage Research Center, LLC 7 6.20% $15,019
    NAVY FEDERAL CREDIT UNION 6 6.23% $6,575
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.40% $11,625
    USAA Federal Savings Bank 4 6.56% $12,862
    Barrington Bank & Trust Company, N.A. 3 6.42% $8,589
    HOMESTEAD FUNDING CORP. 3 6.54% $6,407
    LOANDEPOT.COM, LLC 3 6.29% $12,339
    The Federal Savings Bank 2 6.13% $18,871
    UNITED WHOLESALE MORTGAGE, LLC 2 7.25% $17,166
    Valley National Bank 1 6.25% $5,538
    CALIBER HOME LOANS, INC. 1 6.75% $4,880
    FREEDOM MORTGAGE CORPORATION 1 6.25% $10,422
    GUARANTEED RATE, INC. 1 5.73% $12,289
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $10,047
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $8,623
    PLAZA HOME MORTGAGE, INC. 1 6.75% $20,286

    The top Kingston VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 8 VA loans originated. Their average total fees are $15,239, which is $220 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Kingston VA lenders (with over 10 loans originated) are .

    The lowest rate Kingston VA lenders (with over 10 loans originated) are .

    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
    2024-02-01 $557,175 (14.2%) $813,681 (20.0%) 1.34 398
    2024-03-01 $547,000 (14.1%) $825,092 (22.8%) 1.29 390
    2024-04-01 $549,925 (10.2%) $813,079 (8.2%) 1.28 424
    2024-05-01 $589,500 (11.7%) $849,649 (14.4%) 1.33 471
    2024-06-01 $599,000 (5.3%) $883,871 (12.9%) 1.35 559
    2024-07-01 $599,000 (4.7%) $848,285 (8.1%) 1.37 605
    2024-08-01 $589,000 (5.7%) $808,293 (3.7%) 1.37 585
    2024-09-01 $599,900 (4.4%) $817,618 (2.1%) 1.41 625
    2024-10-01 $595,725 (6.0%) $828,717 (3.5%) 1.40 685
    Kingston's median listing price for 2024-10-01 was $595,725, a difference of $33,725 (6.0%) versus the prior year and $-4,175 versus the prior month.

    Kingston's median listing price comes in at 140% of the national average.

    Kingston's average listing price for 2024-10-01 was $828,717, a difference of $27,696 (3.5%) versus the prior year and $11,099 versus the prior month.

    For the 2024-10-01 period, Kingston had 685 MLS listings, a difference of 60 listings (10%) versus the prior month and 82 listings (14%) 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
    2024-02-01 95 days 2,008 sqft
    2024-03-01 72 days 1,962 sqft
    2024-04-01 57 days 1,982 sqft
    2024-05-01 47 days 1,996 sqft
    2024-06-01 40 days 2,042 sqft
    2024-07-01 49 days 2,075 sqft
    2024-08-01 60 days 2,040 sqft
    2024-09-01 58 days 2,066 sqft
    2024-10-01 52 days 2,045 sqft
    Kingston's median listing age (time on market) for 2024-10-01 was 52 days. This is -19% shorter than the same period one year ago.

    Kingston's median square footage for active listings during the 2024-10-01 period was 2,045 sqft. One year prior, the average listing was 2,013 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.