La Crosse VA Loan Rates, Closing Costs & Stats

LA CROSSE-ONALASKA, WI-MN

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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.

    La Crosse's 30 lenders originated 86 VA loans during 2023. The total origination value was $25,600,000, with an average VA loan value of $297,674.

    La Crosse VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in La Crosse averaged 6.83% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    La Crosse's average VA mortgage closing costs are $5,033.

    The average rate for the prior week (2024-11-01) was 6.68% and one month ago for the week of 2024-10-04, the average rate was 5.91%.

    The average rate one year ago was 7.37%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.53%.

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

    La Crosse 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 La Crosse level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.62% $8,241
    USAA Federal Savings Bank 7 6.27% $3,999
    FREEDOM MORTGAGE CORPORATION 4 6.75% $15,263
    QUICKEN LOANS, LLC 4 6.15% $11,028
    NAVY FEDERAL CREDIT UNION 4 5.59% $6,147
    ALTRA 3 6.42% $7,155
    LAND HOME FINANCIAL SERVICES, INC. 3 6.25% $5,818
    UNITED WHOLESALE MORTGAGE, LLC 3 7.54% $9,597
    Merchants Bank 3 7.32% $6,696
    Servion, Inc. 3 6.33% $5,723
    VERITAS FUNDING, LLC 2 6.75% $14,582
    BROKER SOLUTIONS, INC. 2 6.94% $7,626
    EVERETT FINANCIAL, INC. 2 7.13% $8,781
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 7.19% $4,853
    MOVEMENT MORTGAGE, LLC 2 6.75% $9,158
    NEW DAY FINANCIAL, LLC 2 8.00% $11,237
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $23,430
    CROSSCOUNTRY MORTGAGE, LLC 1 7.19% $22,158
    Academy Bank 1 5.25% $10,448
    NEWREZ LLC 1 6.38% $2,572
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $2,463
    Prosperity Home Mortgage, LLC 1 7.25% $7,403
    CARDINAL FINANCIAL 1 7.50% $9,156
    Bremer Bank 1 6.63% $3,556
    The Federal Savings Bank 1 6.75% $15,333
    The Huntington National Bank 1 6.25% $2,980
    UNION HOME MORTGAGE CORP. 1 5.63% $10,397
    Associated Bank 1 5.63% $1,309
    GSF Mortgage Corporation 1 5.63% $6,673
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $9,486

    The top La Crosse VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $8,241, which is $4,241 higher than the next largest lender, USAA Federal Savings Bank.

    The lowest fee La Crosse VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,241), .

    The lowest rate La Crosse VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.62%), .

    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.