Laconia VA Loan Rates, Closing Costs & Stats

Laconia, NH

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.

Laconia's 29 lenders originated 73 VA loans during 2023. The total origination value was $27,975,000, with an average VA loan value of $383,219.

Laconia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Laconia averaged 6.62% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Laconia's average VA mortgage closing costs are $6,050.

The average rate for the prior week (2024-05-31) was 6.83% and one month ago for the week of 2024-05-03, the average rate was 7.15%.

The average rate one year ago was 7.05%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.59%.

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

Laconia 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 Laconia level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 15 6.77% $7,019
CMG MORTGAGE, INC. 8 6.81% $7,736
QUICKEN LOANS, LLC 5 6.04% $13,601
GUILD MORTGAGE COMPANY 4 6.25% $13,495
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.75% $8,745
FREEDOM MORTGAGE CORPORATION 3 6.29% $17,976
NAVY FEDERAL CREDIT UNION 3 5.42% $11,587
UNITED WHOLESALE MORTGAGE, LLC 3 6.68% $6,295
PENNYMAC LOAN SERVICES, LLC 2 4.87% $19,570
NEW DAY FINANCIAL, LLC 2 7.18% $17,073
LOANDEPOT.COM, LLC 1 6.25% $8,093
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $10,189
NBKC BANK 1 5.63% $792
NORTHPOINT MORTGAGE, INC. 1 6.75% $3,814
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.88% $4,882
RELIANCE FIRST CAPITAL, LLC 1 5.63% $13,106
SUN WEST MORTGAGE COMPANY, INC. 1 6.62% $12,557
The Federal Savings Bank 1 6.13% $2,266
ACADEMY MORTGAGE CORPORATION 1 6.99% $3,100
Waterstone Mortgage Corporation 1 5.88% $2,256
AMCAP MORTGAGE, LTD. 1 6.75% $17,453
Barrington Bank & Trust Company, N.A. 1 5.25% $7,958
Citizens Bank 1 5.63% $4,989
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $14,458
EMBRACE HOME LOANS, INC. 1 6.13% $13,664
ENVOY MORTGAGE, LTD 1 6.63% $12,068
EVERETT FINANCIAL, INC. 1 6.75% $4,444
First Savings Bank 1 5.25% $4,245
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $14,108

The top Laconia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $7,019, which is $716 lower than the next largest lender, CMG MORTGAGE, INC..

The lowest fee Laconia VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,019), .

The lowest rate Laconia VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.77%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Laconia (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 $279,900 (3.7%) $539,723 (-16.1%) 0.00 331
2018-02-01 $299,900 (11.1%) $558,764 (-12.2%) 0.00 319
2018-03-01 $299,900 (11.1%) $560,194 (-12.8%) 0.00 334
2018-04-01 $309,450 (14.6%) $572,743 (-8.8%) 0.00 382
2018-05-01 $317,950 (15.8%) $657,523 (7.4%) 0.00 465
2018-06-01 $329,900 (14.6%) $646,106 (5.1%) 0.00 523
2018-07-01 $332,500 (12.8%) $613,644 (1.5%) 0.00 559
2018-08-01 $329,900 (10.3%) $617,666 (3.9%) 0.00 546
2018-09-01 $319,000 (6.4%) $588,885 (4.2%) 0.00 567
2018-10-01 $313,150 (4.4%) $581,115 (-0.4%) 0.00 552
2018-11-01 $302,400 (0.9%) $579,115 (-4.6%) 0.00 494
2018-12-01 $299,000 (0.0%) $591,576 (-2.2%) 0.00 422
2019-01-01 $299,900 (7.2%) $608,541 (12.8%) 0.00 366
2019-02-01 $299,900 (0.0%) $557,342 (-0.3%) 0.00 337
2019-03-01 $304,186 (1.4%) $564,294 (0.7%) 0.00 344
2019-04-01 $314,450 (1.6%) $590,479 (3.1%) 0.00 362
2019-05-01 $336,950 (6.0%) $625,965 (-4.8%) 0.00 409
2019-06-01 $334,000 (1.2%) $574,469 (-11.1%) 0.00 458
2019-07-01 $325,750 (-2.0%) $548,224 (-10.7%) 0.00 514
2019-08-01 $325,000 (-1.5%) $551,757 (-10.7%) 0.00 508
2019-09-01 $325,000 (1.9%) $555,025 (-5.8%) 0.00 486
2019-10-01 $327,000 (4.4%) $557,204 (-4.1%) 0.00 462
2019-11-01 $324,900 (7.4%) $522,506 (-9.8%) 0.00 384
2019-12-01 $317,400 (6.2%) $518,350 (-12.4%) 0.00 288
2020-01-01 $307,400 (2.5%) $560,413 (-7.9%) 0.00 240
2020-02-01 $314,450 (4.9%) $573,569 (2.9%) 0.00 213
2020-03-01 $295,750 (-2.8%) $534,751 (-5.2%) 0.00 236
2020-04-01 $299,974 (-4.6%) $528,327 (-10.5%) 0.00 280
2020-05-01 $322,500 (-4.3%) $592,913 (-5.3%) 0.00 261
2020-06-01 $359,450 (7.6%) $643,573 (12.0%) 0.00 231
2020-07-01 $377,000 (15.7%) $774,214 (41.2%) 0.00 196
2020-08-01 $375,000 (15.4%) $753,098 (36.5%) 0.00 193
2020-09-01 $365,250 (12.4%) $638,756 (15.1%) 0.00 193
2020-10-01 $364,500 (11.5%) $620,655 (11.4%) 0.00 191
2020-11-01 $344,500 (6.0%) $579,888 (11.0%) 0.00 172
2020-12-01 $339,000 (6.8%) $568,656 (9.7%) 0.00 129
2021-01-01 $332,000 (8.0%) $479,605 (-14.4%) 0.00 92
2021-02-01 $342,450 (8.9%) $520,744 (-9.2%) 0.00 77
2021-03-01 $397,175 (34.3%) $655,693 (22.6%) 0.00 90
2021-04-01 $399,900 (33.3%) $665,481 (26.0%) 0.00 109
2021-05-01 $425,000 (31.8%) $683,918 (15.4%) 0.00 127
2021-06-01 $446,175 (24.1%) $694,943 (8.0%) 0.00 145
2021-07-01 $449,900 (19.3%) $688,879 (-11.0%) 0.00 167
2021-08-01 $442,413 (18.0%) $707,959 (-6.0%) 0.00 182
2021-09-01 $444,675 (21.8%) $726,822 (13.8%) 0.00 167
2021-10-01 $429,950 (18.0%) $722,510 (16.4%) 0.00 157
2021-11-01 $429,450 (24.7%) $735,103 (26.8%) 0.00 138
2021-12-01 $432,450 (27.6%) $838,308 (47.4%) 0.00 101
2022-01-01 $434,900 (31.0%) $873,190 (82.1%) 0.00 77
2022-02-01 $469,950 (37.2%) $946,247 (81.7%) 0.00 68
2022-03-01 $480,000 (20.9%) $937,536 (43.0%) 0.00 64
2022-04-01 $505,000 (26.3%) $892,425 (34.1%) 0.00 90
2022-05-01 $536,200 (26.2%) $810,001 (18.4%) 0.00 131
2022-06-01 $587,450 (31.7%) $826,843 (19.0%) 0.00 173
2022-07-01 $550,000 (22.3%) $983,960 (42.8%) 0.00 216
2022-08-01 $561,175 (26.8%) $976,087 (37.9%) 0.00 210
2022-09-01 $562,000 (26.4%) $1,033,218 (42.2%) 0.00 199
2022-10-01 $529,950 (23.3%) $1,010,160 (39.8%) 0.00 209
2022-11-01 $527,500 (22.8%) $997,324 (35.7%) 0.00 200
2022-12-01 $524,950 (21.4%) $1,062,579 (26.8%) 0.00 151
2023-01-01 $591,725 (36.1%) $1,256,400 (43.9%) 0.00 110
2023-02-01 $599,450 (27.6%) $1,350,117 (42.7%) 0.00 112
2023-03-01 $609,900 (27.1%) $1,298,291 (38.5%) 0.00 109
2023-04-01 $609,000 (20.6%) $1,176,281 (31.8%) 0.00 111
2023-05-01 $654,900 (22.1%) $1,184,164 (46.2%) 0.00 141
2023-06-01 $612,450 (4.3%) $1,088,917 (31.7%) 0.00 149
2023-07-01 $649,000 (18.0%) $1,039,646 (5.7%) 0.00 159
2023-08-01 $596,200 (6.2%) $1,003,609 (2.8%) 0.00 181
2023-09-01 $629,900 (12.1%) $1,037,642 (0.4%) 0.00 201
2023-10-01 $585,950 (10.6%) $1,039,741 (2.9%) 0.00 211
2023-11-01 $595,000 (12.8%) $1,070,604 (7.4%) 0.00 199
2023-12-01 $544,950 (3.8%) $899,026 (-15.4%) 0.00 185
2024-01-01 $566,800 (-4.2%) $897,174 (-28.6%) 0.00 144
2024-02-01 $594,825 (-0.8%) $968,710 (-28.3%) 0.00 133
2024-03-01 $624,950 (2.5%) $1,051,687 (-19.0%) 0.00 133
2024-04-01 $628,725 (3.2%) $978,415 (-16.8%) 0.00 140
2024-05-01 $650,000 (-0.8%) $992,329 (-16.2%) 0.00 189
Laconia's median listing price for 2024-05-01 was $650,000, a difference of $-4,900 (-0.8%) versus the prior year and $21,275 versus the prior month.

Laconia's median listing price comes in at 0% of the national average.

Laconia's average listing price for 2024-05-01 was $992,329, a difference of $-191,835 (-16.2%) versus the prior year and $13,914 versus the prior month.

For the 2024-05-01 period, Laconia had 189 MLS listings, a difference of 49 listings (35%) versus the prior month and 48 listings (34%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Laconia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,903 sqft
2018-02-01 0 days 1,908 sqft
2018-03-01 0 days 1,849 sqft
2018-04-01 0 days 1,833 sqft
2018-05-01 0 days 1,852 sqft
2018-06-01 0 days 1,917 sqft
2018-07-01 0 days 1,933 sqft
2018-08-01 0 days 1,935 sqft
2018-09-01 0 days 1,907 sqft
2018-10-01 0 days 1,862 sqft
2018-11-01 0 days 1,843 sqft
2018-12-01 0 days 1,850 sqft
2019-01-01 0 days 1,803 sqft
2019-02-01 0 days 1,836 sqft
2019-03-01 0 days 1,807 sqft
2019-04-01 0 days 1,803 sqft
2019-05-01 0 days 1,910 sqft
2019-06-01 0 days 1,916 sqft
2019-07-01 0 days 1,858 sqft
2019-08-01 0 days 1,897 sqft
2019-09-01 0 days 1,915 sqft
2019-10-01 0 days 1,926 sqft
2019-11-01 0 days 1,872 sqft
2019-12-01 0 days 1,862 sqft
2020-01-01 0 days 1,824 sqft
2020-02-01 0 days 1,807 sqft
2020-03-01 0 days 1,780 sqft
2020-04-01 0 days 1,790 sqft
2020-05-01 0 days 1,784 sqft
2020-06-01 0 days 1,854 sqft
2020-07-01 0 days 1,993 sqft
2020-08-01 0 days 1,912 sqft
2020-09-01 0 days 1,853 sqft
2020-10-01 0 days 1,863 sqft
2020-11-01 0 days 1,800 sqft
2020-12-01 0 days 1,660 sqft
2021-01-01 0 days 1,534 sqft
2021-02-01 0 days 1,633 sqft
2021-03-01 0 days 1,860 sqft
2021-04-01 0 days 1,879 sqft
2021-05-01 0 days 1,814 sqft
2021-06-01 0 days 1,868 sqft
2021-07-01 0 days 1,952 sqft
2021-08-01 0 days 1,958 sqft
2021-09-01 0 days 1,845 sqft
2021-10-01 0 days 1,836 sqft
2021-11-01 0 days 1,784 sqft
2021-12-01 0 days 1,837 sqft
2022-01-01 0 days 1,800 sqft
2022-02-01 0 days 1,919 sqft
2022-03-01 0 days 1,905 sqft
2022-04-01 0 days 1,873 sqft
2022-05-01 0 days 1,772 sqft
2022-06-01 0 days 1,870 sqft
2022-07-01 0 days 1,824 sqft
2022-08-01 0 days 1,847 sqft
2022-09-01 0 days 1,842 sqft
2022-10-01 0 days 1,920 sqft
2022-11-01 0 days 1,910 sqft
2022-12-01 0 days 1,860 sqft
2023-01-01 0 days 1,990 sqft
2023-02-01 0 days 1,959 sqft
2023-03-01 0 days 2,010 sqft
2023-04-01 0 days 1,977 sqft
2023-05-01 0 days 1,921 sqft
2023-06-01 0 days 1,902 sqft
2023-07-01 0 days 1,902 sqft
2023-08-01 0 days 1,818 sqft
2023-09-01 0 days 2,000 sqft
2023-10-01 0 days 1,981 sqft
2023-11-01 0 days 1,901 sqft
2023-12-01 0 days 1,811 sqft
2024-01-01 0 days 1,864 sqft
2024-02-01 0 days 1,966 sqft
2024-03-01 0 days 2,000 sqft
2024-04-01 0 days 1,974 sqft
2024-05-01 0 days 1,898 sqft
Laconia's median listing age (time on market) for 2024-05-01 was 0 days.

Laconia's median square footage for active listings during the 2024-05-01 period was 1,898 sqft. One year prior, the average listing was 1,921 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.