Lake County VA Loan Rates, Closing Costs & Stats
LAKE COUNTY-KENOSHA COUNTY, IL-WI
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.
Lake County VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lake County
averaged
0%
for the week of 2023-06-02, compared to the national average (all VA variants) of
0% for the same period.
Lake County's average VA mortgage closing costs are $0.
The average rate for the prior week (2023-05-26) was
0% and
one month ago for the week of 2023-04-28, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2023-06-02, the average rate
was 0%.
Lake County 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 Lake County level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|
The lowest fee Lake County VA lenders (with over 10 loans originated) are
.
The lowest rate Lake County VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lake County (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 | $287,250 (6.0%) | $450,243 (4.4%) | 1.07 | 27,462 |
| 2018-02-01 | $302,450 (6.1%) | $469,283 (4.1%) | 1.10 | 27,948 |
| 2018-03-01 | $325,000 (8.5%) | $488,512 (5.1%) | 1.14 | 29,775 |
| 2018-04-01 | $330,125 (6.8%) | $492,279 (4.2%) | 1.12 | 31,629 |
| 2018-05-01 | $334,425 (5.3%) | $489,964 (3.3%) | 1.12 | 33,742 |
| 2018-06-01 | $329,999 (3.9%) | $482,144 (2.3%) | 1.10 | 36,367 |
| 2018-07-01 | $324,950 (3.2%) | $471,234 (1.1%) | 1.09 | 38,489 |
| 2018-08-01 | $319,700 (6.2%) | $460,191 (1.2%) | 1.07 | 39,562 |
| 2018-09-01 | $315,000 (5.0%) | $453,688 (0.9%) | 1.06 | 40,227 |
| 2018-10-01 | $309,950 (3.4%) | $448,876 (-0.6%) | 1.05 | 39,896 |
| 2018-11-01 | $299,950 (1.8%) | $445,533 (-0.6%) | 1.02 | 37,549 |
| 2018-12-01 | $295,000 (2.3%) | $437,503 (-1.1%) | 1.02 | 32,860 |
| 2019-01-01 | $295,950 (3.0%) | $440,642 (-2.1%) | 1.02 | 29,957 |
| 2019-02-01 | $309,500 (2.3%) | $462,219 (-1.5%) | 1.05 | 30,300 |
| 2019-03-01 | $324,429 (-0.2%) | $476,348 (-2.5%) | 1.06 | 32,303 |
| 2019-04-01 | $338,000 (2.4%) | $485,310 (-1.4%) | 1.07 | 34,401 |
| 2019-05-01 | $339,250 (1.4%) | $480,573 (-1.9%) | 1.06 | 36,833 |
| 2019-06-01 | $335,000 (1.5%) | $475,608 (-1.4%) | 1.05 | 38,919 |
| 2019-07-01 | $329,950 (1.5%) | $468,106 (-0.7%) | 1.03 | 40,389 |
| 2019-08-01 | $324,413 (1.5%) | $459,230 (-0.2%) | 1.03 | 40,814 |
| 2019-09-01 | $318,556 (1.1%) | $452,746 (-0.2%) | 1.02 | 40,712 |
| 2019-10-01 | $314,250 (1.4%) | $448,132 (-0.2%) | 1.01 | 40,420 |
| 2019-11-01 | $304,900 (1.7%) | $442,260 (-0.7%) | 1.00 | 36,900 |
| 2019-12-01 | $299,000 (1.4%) | $438,806 (0.3%) | 1.00 | 31,663 |
| 2020-01-01 | $299,450 (1.2%) | $441,961 (0.3%) | 1.00 | 28,838 |
| 2020-02-01 | $315,000 (1.8%) | $464,351 (0.5%) | 1.03 | 29,383 |
| 2020-03-01 | $325,000 (0.2%) | $473,373 (-0.6%) | 1.02 | 29,999 |
| 2020-04-01 | $323,400 (-4.3%) | $463,289 (-4.5%) | 1.01 | 28,557 |
| 2020-05-01 | $329,000 (-3.0%) | $474,893 (-1.2%) | 1.00 | 28,625 |
| 2020-06-01 | $336,220 (0.4%) | $486,541 (2.3%) | 0.99 | 28,544 |
| 2020-07-01 | $339,997 (3.1%) | $494,367 (5.6%) | 0.99 | 27,611 |
| 2020-08-01 | $344,900 (6.3%) | $499,470 (8.8%) | 0.99 | 27,206 |
| 2020-09-01 | $343,533 (7.8%) | $502,320 (11.0%) | 0.98 | 27,378 |
| 2020-10-01 | $339,900 (8.2%) | $497,728 (11.1%) | 0.97 | 27,446 |
| 2020-11-01 | $331,995 (8.9%) | $494,908 (11.9%) | 0.97 | 24,898 |
| 2020-12-01 | $325,000 (8.7%) | $492,461 (12.2%) | 0.97 | 21,084 |
| 2021-01-01 | $325,000 (8.5%) | $502,912 (13.8%) | 0.97 | 18,122 |
| 2021-02-01 | $339,450 (7.8%) | $540,880 (16.5%) | 0.99 | 16,163 |
| 2021-03-01 | $349,000 (7.4%) | $548,964 (16.0%) | 0.99 | 15,878 |
| 2021-04-01 | $349,900 (8.2%) | $549,022 (18.5%) | 0.95 | 16,544 |
| 2021-05-01 | $350,000 (6.4%) | $545,431 (14.9%) | 0.93 | 17,477 |
| 2021-06-01 | $350,000 (4.1%) | $534,307 (9.8%) | 0.92 | 19,694 |
| 2021-07-01 | $349,000 (2.7%) | $518,714 (4.9%) | 0.92 | 21,816 |
| 2021-08-01 | $337,450 (-2.2%) | $497,393 (-0.4%) | 0.90 | 22,741 |
| 2021-09-01 | $329,900 (-4.0%) | $488,040 (-2.8%) | 0.88 | 22,673 |
| 2021-10-01 | $325,900 (-4.1%) | $484,824 (-2.6%) | 0.87 | 21,991 |
| 2021-11-01 | $319,950 (-3.6%) | $482,040 (-2.6%) | 0.86 | 19,186 |
| 2021-12-01 | $312,200 (-3.9%) | $476,994 (-3.1%) | 0.85 | 15,719 |
| 2022-01-01 | $310,000 (-4.6%) | $489,343 (-2.7%) | 0.84 | 12,837 |
| 2022-02-01 | $322,500 (-5.0%) | $513,933 (-5.0%) | 0.84 | 11,725 |
| 2022-03-01 | $332,450 (-4.7%) | $523,593 (-4.6%) | 0.83 | 12,152 |
| 2022-04-01 | $349,900 (0.0%) | $531,824 (-3.1%) | 0.83 | 12,382 |
| 2022-05-01 | $354,900 (1.4%) | $535,363 (-1.9%) | 0.81 | 14,846 |
| 2022-06-01 | $359,900 (2.8%) | $530,444 (-0.7%) | 0.80 | 17,050 |
| 2022-07-01 | $350,000 (0.3%) | $513,670 (-1.0%) | 0.79 | 19,719 |
| 2022-08-01 | $349,450 (3.6%) | $507,873 (2.1%) | 0.81 | 19,915 |
| 2022-09-01 | $340,000 (3.1%) | $502,182 (2.9%) | 0.79 | 19,798 |
| 2022-10-01 | $339,700 (4.2%) | $498,038 (2.7%) | 0.80 | 19,805 |
| 2022-11-01 | $329,950 (3.1%) | $490,600 (1.8%) | 0.79 | 19,018 |
| 2022-12-01 | $322,425 (3.3%) | $481,210 (0.9%) | 0.80 | 16,289 |
| 2023-01-01 | $327,450 (5.6%) | $492,894 (0.7%) | 0.81 | 14,258 |
| 2023-02-01 | $337,495 (4.7%) | $517,753 (0.7%) | 0.82 | 12,900 |
| 2023-03-01 | $352,400 (6.0%) | $544,425 (4.0%) | 0.83 | 12,275 |
| 2023-04-01 | $369,000 (5.5%) | $567,393 (6.7%) | 0.86 | 11,824 |
| 2023-05-01 | $376,000 (6.0%) | $591,727 (10.5%) | 0.85 | 12,097 |
Lake County's median listing price comes in at 85% of the national average.
Lake County's average listing price for 2023-05-01 was $591,727, a difference of $56,364 (10.5%) versus the prior year and $24,334 versus the prior month.
For the 2023-05-01 period, Lake County had 12,097 MLS listings, a difference of 273 listings (2%) versus the prior month and -2,749 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lake County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 75 days | 1,893 sqft |
| 2018-02-01 | 54 days | 1,950 sqft |
| 2018-03-01 | 43 days | 2,000 sqft |
| 2018-04-01 | 40 days | 2,017 sqft |
| 2018-05-01 | 40 days | 2,021 sqft |
| 2018-06-01 | 42 days | 2,016 sqft |
| 2018-07-01 | 44 days | 2,000 sqft |
| 2018-08-01 | 47 days | 1,980 sqft |
| 2018-09-01 | 49 days | 1,967 sqft |
| 2018-10-01 | 51 days | 1,935 sqft |
| 2018-11-01 | 56 days | 1,902 sqft |
| 2018-12-01 | 67 days | 1,868 sqft |
| 2019-01-01 | 73 days | 1,865 sqft |
| 2019-02-01 | 55 days | 1,906 sqft |
| 2019-03-01 | 43 days | 1,963 sqft |
| 2019-04-01 | 39 days | 2,000 sqft |
| 2019-05-01 | 40 days | 2,000 sqft |
| 2019-06-01 | 43 days | 2,000 sqft |
| 2019-07-01 | 45 days | 2,000 sqft |
| 2019-08-01 | 48 days | 1,972 sqft |
| 2019-09-01 | 51 days | 1,941 sqft |
| 2019-10-01 | 54 days | 1,918 sqft |
| 2019-11-01 | 61 days | 1,900 sqft |
| 2019-12-01 | 74 days | 1,871 sqft |
| 2020-01-01 | 76 days | 1,864 sqft |
| 2020-02-01 | 45 days | 1,920 sqft |
| 2020-03-01 | 43 days | 1,961 sqft |
| 2020-04-01 | 51 days | 1,935 sqft |
| 2020-05-01 | 59 days | 1,958 sqft |
| 2020-06-01 | 45 days | 1,943 sqft |
| 2020-07-01 | 41 days | 1,911 sqft |
| 2020-08-01 | 40 days | 1,875 sqft |
| 2020-09-01 | 40 days | 1,810 sqft |
| 2020-10-01 | 43 days | 1,794 sqft |
| 2020-11-01 | 50 days | 1,734 sqft |
| 2020-12-01 | 58 days | 1,700 sqft |
| 2021-01-01 | 64 days | 1,680 sqft |
| 2021-02-01 | 45 days | 1,677 sqft |
| 2021-03-01 | 40 days | 1,676 sqft |
| 2021-04-01 | 33 days | 1,697 sqft |
| 2021-05-01 | 33 days | 1,703 sqft |
| 2021-06-01 | 32 days | 1,728 sqft |
| 2021-07-01 | 33 days | 1,728 sqft |
| 2021-08-01 | 36 days | 1,704 sqft |
| 2021-09-01 | 38 days | 1,692 sqft |
| 2021-10-01 | 40 days | 1,672 sqft |
| 2021-11-01 | 45 days | 1,643 sqft |
| 2021-12-01 | 53 days | 1,603 sqft |
| 2022-01-01 | 59 days | 1,600 sqft |
| 2022-02-01 | 39 days | 1,600 sqft |
| 2022-03-01 | 34 days | 1,621 sqft |
| 2022-04-01 | 30 days | 1,654 sqft |
| 2022-05-01 | 29 days | 1,700 sqft |
| 2022-06-01 | 30 days | 1,721 sqft |
| 2022-07-01 | 32 days | 1,730 sqft |
| 2022-08-01 | 36 days | 1,723 sqft |
| 2022-09-01 | 40 days | 1,707 sqft |
| 2022-10-01 | 40 days | 1,709 sqft |
| 2022-11-01 | 44 days | 1,703 sqft |
| 2022-12-01 | 54 days | 1,698 sqft |
| 2023-01-01 | 60 days | 1,700 sqft |
| 2023-02-01 | 44 days | 1,703 sqft |
| 2023-03-01 | 40 days | 1,744 sqft |
| 2023-04-01 | 38 days | 1,784 sqft |
| 2023-05-01 | 34 days | 1,800 sqft |
Lake County's median square footage for active listings during the 2023-05-01 period was 1,800 sqft. One year prior, the average listing was 1,700 sqft.