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 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 6.57% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.92% and one month ago for the week of 2024-10-04, the average rate was 6.05%.

    The average rate one year ago was 7.61%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.24%.

    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%), .

    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.