Laconia VA Loan Rates, Closing Costs & Stats

Laconia, NH

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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.

    Laconia's 38 lenders originated 120 VA loans during 2022. The total origination value was $38,600,000, with an average VA loan value of $321,667.

    Laconia VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Laconia averaged 6.39% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Laconia's average VA mortgage closing costs are $5,734.

    The average rate for the prior week (2023-05-19) was 5.92% and one month ago for the week of 2023-04-21, the average rate was 6.24%.

    The average rate one year ago was 4.81%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.23%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 16 4.80% $5,433
    UNITED WHOLESALE MORTGAGE, LLC 10 4.18% $5,222
    CMG MORTGAGE, INC. 9 4.74% $8,678
    FREEDOM MORTGAGE CORPORATION 8 4.42% $9,524
    GUILD MORTGAGE COMPANY 6 4.21% $7,155
    PENNYMAC LOAN SERVICES, LLC 5 3.27% $6,941
    QUICKEN LOANS, LLC 5 4.20% $15,710
    EVERETT FINANCIAL, INC. 4 5.56% $3,775
    Mr. Cooper ( Nationstar Mortgage ) 4 4.97% $7,876
    NAVY FEDERAL CREDIT UNION 4 4.56% $13,101
    NEW DAY FINANCIAL, LLC 3 3.50% $10,435
    Magnolia Bank 3 4.00% $8,646
    LOANDEPOT.COM, LLC 3 4.20% $12,326
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.83% $10,846
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.25% $2,568
    Barrington Bank & Trust Company, N.A. 2 6.12% $19,847
    GUARANTEED RATE AFFINITY, LLC 2 4.38% $3,862
    HOME POINT FINANCIAL CORPORATION 2 3.00% $11,946
    RELIANCE FIRST CAPITAL, LLC 2 3.25% $18,856
    Service Federal Credit Union 2 4.31% $6,464
    USAA Federal Savings Bank 2 3.94% $7,509
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $7,411
    HARBORONE MORTGAGE, LLC 1 6.63% $2,541
    NBKC BANK 1 2.50% $2,524
    Equity Prime Mortgage LLC 1 5.38% $11,670
    NEWREZ LLC 1 2.50% $4,569
    NFM, INC. 1 4.63% $9,403
    North American Savings Bank, F.S.B. 1 2.88% $3,026
    Northpointe Bank 1 2.63% $4,781
    EMM LOANS LLC 1 6.50% $10,984
    PENTAGON FEDERAL CREDIT UNION 1 3.00% $8,438
    CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $3,981
    RADIUS FINANCIAL GROUP INC. 1 3.63% $2,136
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $4,170
    Armed Forces Bank 1 3.75% $10,122
    LAKEVIEW LOAN SERVICING, LLC 1 2.75% $1,974
    MOVEMENT MORTGAGE, LLC 1 5.13% $5,932
    HOMESIDE FINANCIAL, LLC 1 2.38% $8,597

    The top Laconia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $5,433, which is $211 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Laconia VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,222), Mortgage Research Center, LLC ($5,433), .

    The lowest rate Laconia VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.18%), Mortgage Research Center, LLC (4.80%), .

    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 $284,450 (5.4%) $542,023 (-15.8%) 0.00 329
    2018-02-01 $299,900 (11.1%) $558,764 (-12.2%) 0.00 319
    2018-03-01 $302,400 (12.0%) $561,448 (-12.6%) 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 (7.3%) 0.00 465
    2018-06-01 $329,900 (14.9%) $646,106 (5.2%) 0.00 523
    2018-07-01 $333,725 (13.6%) $614,175 (1.7%) 0.00 558
    2018-08-01 $329,900 (10.3%) $618,211 (4.0%) 0.00 545
    2018-09-01 $319,450 (6.5%) $589,377 (4.2%) 0.00 564
    2018-10-01 $313,925 (4.7%) $582,567 (-1.3%) 0.00 549
    2018-11-01 $304,900 (1.7%) $580,662 (-4.5%) 0.00 491
    2018-12-01 $299,000 (-0.2%) $593,492 (-2.2%) 0.00 419
    2019-01-01 $299,900 (5.4%) $609,097 (12.4%) 0.00 365
    2019-02-01 $299,900 (0.0%) $557,802 (-0.2%) 0.00 336
    2019-03-01 $304,500 (0.7%) $599,375 (6.8%) 0.00 318
    2019-04-01 $309,500 (0.0%) $593,635 (3.7%) 0.00 361
    2019-05-01 $337,950 (6.3%) $626,508 (-4.7%) 0.00 408
    2019-06-01 $334,500 (1.4%) $574,861 (-11.0%) 0.00 457
    2019-07-01 $325,000 (-2.6%) $548,052 (-10.8%) 0.00 514
    2019-08-01 $325,000 (-1.5%) $552,315 (-10.7%) 0.00 518
    2019-09-01 $322,500 (1.0%) $557,156 (-5.5%) 0.00 482
    2019-10-01 $327,000 (4.2%) $557,048 (-4.4%) 0.00 462
    2019-11-01 $324,900 (6.6%) $522,506 (-10.0%) 0.00 384
    2019-12-01 $317,400 (6.2%) $518,350 (-12.7%) 0.00 288
    2020-01-01 $307,400 (2.5%) $560,413 (-8.0%) 0.00 240
    2020-02-01 $314,450 (4.9%) $573,569 (2.8%) 0.00 213
    2020-03-01 $295,750 (-2.9%) $534,751 (-10.8%) 0.00 236
    2020-04-01 $299,974 (-3.1%) $528,327 (-11.0%) 0.00 280
    2020-05-01 $322,500 (-4.6%) $592,913 (-5.4%) 0.00 261
    2020-06-01 $359,450 (7.5%) $643,573 (12.0%) 0.00 231
    2020-07-01 $377,000 (16.0%) $774,214 (41.3%) 0.00 196
    2020-08-01 $375,000 (15.4%) $753,098 (36.4%) 0.00 193
    2020-09-01 $365,250 (13.3%) $638,756 (14.7%) 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%) $696,642 (8.3%) 0.00 144
    2021-07-01 $449,900 (19.3%) $689,140 (-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 $432,225 (27.5%) $840,959 (47.9%) 0.00 100
    2022-01-01 $431,450 (30.0%) $873,190 (82.1%) 0.00 76
    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 $592,450 (32.8%) $829,647 (19.1%) 0.00 172
    2022-07-01 $550,000 (22.3%) $986,809 (43.2%) 0.00 215
    2022-08-01 $563,675 (27.4%) $978,897 (38.3%) 0.00 209
    2022-09-01 $562,000 (26.4%) $1,034,757 (42.4%) 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 (21.5%) $1,062,579 (26.4%) 0.00 151
    2023-01-01 $591,725 (37.2%) $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
    Laconia's median listing price for 2023-04-01 was $609,000, a difference of $104,000 (20.6%) versus the prior year and $-900 versus the prior month.

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

    Laconia's average listing price for 2023-04-01 was $1,176,281, a difference of $283,856 (31.8%) versus the prior year and $-122,010 versus the prior month.

    For the 2023-04-01 period, Laconia had 111 MLS listings, a difference of 2 listings (2%) versus the prior month and 21 listings (23%) 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 1,913 sqft
    2018-03-01 0 days 1,851 sqft
    2018-04-01 0 days 1,833 sqft
    2018-05-01 0 days 1,850 sqft
    2018-06-01 0 days 1,920 sqft
    2018-07-01 0 days 1,933 sqft
    2018-08-01 0 days 1,934 sqft
    2018-09-01 0 days 1,906 sqft
    2018-10-01 0 days 1,861 sqft
    2018-11-01 0 days 1,842 sqft
    2018-12-01 0 days 1,849 sqft
    2019-01-01 0 days 1,801 sqft
    2019-02-01 0 days 1,830 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,801 sqft
    2019-05-01 0 days 1,919 sqft
    2019-06-01 0 days 1,920 sqft
    2019-07-01 0 days 1,853 sqft
    2019-08-01 0 days 1,916 sqft
    2019-09-01 0 days 1,915 sqft
    2019-10-01 0 days 1,920 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 1,789 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 1,869 sqft
    2021-07-01 0 days 1,983 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 1,840 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 1,877 sqft
    2022-07-01 0 days 1,825 sqft
    2022-08-01 0 days 1,855 sqft
    2022-09-01 0 days 1,846 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
    Laconia's median listing age (time on market) for 2023-04-01 was 0 days.

    Laconia's median square footage for active listings during the 2023-04-01 period was 1,977 sqft. One year prior, the average listing was 1,873 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.