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 2025-05-02, compared to the national average (all VA variants) of 6.279% for the same period.

Lake County's average VA mortgage closing costs are $0.

The average rate for the prior week (2025-04-25) was 0% and one month ago for the week of 2025-03-28, the average rate was 0%.

The average rate one year ago was 0%.

For refis of the same type during the week of 2025-05-02, the average rate was 0%.

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

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 2024 Avg. 30yFix Rate 2024 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 $288,700 (6.0%) $452,383 (4.3%) 1.07 27,019
2018-02-01 $304,500 (6.1%) $471,391 (4.0%) 1.11 27,524
2018-03-01 $325,000 (8.4%) $490,665 (4.9%) 1.14 29,305
2018-04-01 $334,900 (7.3%) $494,784 (4.0%) 1.14 31,116
2018-05-01 $335,000 (4.7%) $492,310 (3.1%) 1.12 33,181
2018-06-01 $333,995 (4.4%) $484,353 (2.0%) 1.11 35,804
2018-07-01 $327,000 (2.9%) $473,493 (0.9%) 1.09 37,861
2018-08-01 $319,900 (4.0%) $462,089 (1.0%) 1.07 38,939
2018-09-01 $317,000 (5.7%) $455,361 (0.7%) 1.07 39,631
2018-10-01 $311,450 (3.8%) $450,517 (-0.8%) 1.05 39,337
2018-11-01 $302,000 (1.7%) $447,125 (-0.8%) 1.02 37,019
2018-12-01 $296,850 (2.4%) $439,278 (-1.2%) 1.02 32,322
2019-01-01 $296,950 (2.9%) $442,525 (-2.2%) 1.03 29,475
2019-02-01 $312,300 (2.6%) $464,293 (-1.5%) 1.06 29,818
2019-03-01 $327,571 (0.8%) $478,426 (-2.5%) 1.07 31,821
2019-04-01 $339,250 (1.3%) $486,079 (-1.8%) 1.08 33,866
2019-05-01 $339,900 (1.5%) $482,549 (-2.0%) 1.06 36,232
2019-06-01 $338,450 (1.3%) $477,556 (-1.4%) 1.06 38,296
2019-07-01 $331,450 (1.4%) $470,195 (-0.7%) 1.04 39,704
2019-08-01 $325,155 (1.6%) $461,247 (-0.2%) 1.03 40,118
2019-09-01 $319,386 (0.8%) $454,617 (-0.2%) 1.02 40,033
2019-10-01 $314,945 (1.1%) $449,911 (-0.1%) 1.02 39,754
2019-11-01 $306,950 (1.6%) $444,237 (-0.7%) 1.01 36,265
2019-12-01 $299,400 (0.9%) $440,601 (0.3%) 1.00 31,134
2020-01-01 $299,450 (0.8%) $443,832 (0.3%) 1.00 28,367
2020-02-01 $319,000 (2.2%) $466,426 (0.5%) 1.04 28,915
2020-03-01 $326,550 (-0.3%) $475,570 (-0.6%) 1.02 29,490
2020-04-01 $324,900 (-4.2%) $465,809 (-4.2%) 1.02 28,034
2020-05-01 $329,900 (-2.9%) $477,805 (-1.0%) 1.00 28,100
2020-06-01 $339,000 (0.2%) $489,639 (2.5%) 1.00 28,012
2020-07-01 $344,000 (3.8%) $497,445 (5.8%) 1.00 27,048
2020-08-01 $346,350 (6.5%) $502,586 (9.0%) 0.99 26,677
2020-09-01 $347,000 (8.7%) $505,515 (11.2%) 0.99 26,852
2020-10-01 $340,000 (8.0%) $500,832 (11.3%) 0.97 26,905
2020-11-01 $334,500 (9.0%) $498,102 (12.1%) 0.98 24,409
2020-12-01 $325,000 (8.6%) $495,332 (12.4%) 0.97 20,674
2021-01-01 $325,000 (8.5%) $505,448 (13.9%) 0.97 17,802
2021-02-01 $339,996 (6.6%) $544,070 (16.7%) 0.99 15,859
2021-03-01 $349,900 (7.2%) $552,140 (16.1%) 0.99 15,575
2021-04-01 $349,950 (7.7%) $552,512 (18.6%) 0.95 16,203
2021-05-01 $350,000 (6.1%) $549,011 (14.9%) 0.93 17,076
2021-06-01 $350,000 (3.2%) $537,537 (9.8%) 0.92 19,235
2021-07-01 $349,900 (1.7%) $521,806 (4.9%) 0.92 21,317
2021-08-01 $339,495 (-2.0%) $500,342 (-0.5%) 0.91 22,220
2021-09-01 $330,000 (-4.9%) $491,049 (-2.9%) 0.88 22,144
2021-10-01 $329,000 (-3.2%) $487,604 (-2.6%) 0.88 21,486
2021-11-01 $322,400 (-3.6%) $485,721 (-2.5%) 0.86 18,712
2021-12-01 $312,500 (-3.9%) $480,195 (-3.1%) 0.85 15,355
2022-01-01 $314,500 (-3.2%) $492,440 (-2.6%) 0.85 12,564
2022-02-01 $324,500 (-4.6%) $517,338 (-4.9%) 0.84 11,457
2022-03-01 $332,500 (-5.0%) $526,309 (-4.7%) 0.83 11,868
2022-04-01 $349,900 (0.0%) $534,868 (-3.2%) 0.83 12,067
2022-05-01 $355,375 (1.5%) $538,395 (-1.9%) 0.81 14,480
2022-06-01 $359,950 (2.8%) $532,521 (-0.9%) 0.80 16,656
2022-07-01 $350,000 (0.0%) $515,494 (-1.2%) 0.79 19,291
2022-08-01 $349,875 (3.1%) $509,289 (1.8%) 0.81 19,478
2022-09-01 $340,000 (3.0%) $503,762 (2.6%) 0.79 19,384
2022-10-01 $339,900 (3.3%) $499,744 (2.5%) 0.80 19,411
2022-11-01 $329,950 (2.3%) $492,242 (1.3%) 0.79 18,653
2022-12-01 $322,938 (3.3%) $482,288 (0.4%) 0.80 15,983
2023-01-01 $327,450 (4.1%) $493,642 (0.2%) 0.81 14,035
2023-02-01 $337,500 (4.0%) $519,123 (0.4%) 0.81 12,692
2023-03-01 $352,450 (6.0%) $546,041 (3.8%) 0.83 12,065
2023-04-01 $369,000 (5.5%) $569,789 (6.5%) 0.86 11,604
2023-05-01 $377,150 (6.1%) $594,429 (10.4%) 0.86 11,885
2023-06-01 $382,500 (6.3%) $592,009 (11.2%) 0.86 12,817
2023-07-01 $389,000 (11.1%) $590,305 (14.5%) 0.88 13,667
2023-08-01 $384,950 (10.0%) $581,283 (14.1%) 0.88 14,106
2023-09-01 $377,000 (10.9%) $568,437 (12.8%) 0.88 14,689
2023-10-01 $371,950 (9.4%) $562,710 (12.6%) 0.88 15,119
2023-11-01 $360,000 (9.1%) $550,718 (11.9%) 0.86 14,971
2023-12-01 $350,000 (8.4%) $536,637 (11.3%) 0.85 13,067
2024-01-01 $351,190 (7.3%) $549,940 (11.4%) 0.86 11,461
2024-02-01 $359,950 (6.7%) $575,673 (10.9%) 0.87 10,969
2024-03-01 $374,990 (6.4%) $596,249 (9.2%) 0.88 11,106
2024-04-01 $389,450 (5.5%) $609,529 (7.0%) 0.91 11,593
2024-05-01 $394,950 (4.7%) $623,747 (4.9%) 0.90 12,295
2024-06-01 $395,000 (3.3%) $603,861 (2.0%) 0.90 13,522
2024-07-01 $394,500 (1.4%) $585,038 (-0.9%) 0.90 14,906
2024-08-01 $385,000 (0.0%) $567,463 (-2.4%) 0.90 15,706
2024-09-01 $379,900 (0.8%) $554,881 (-2.4%) 0.89 16,735
2024-10-01 $371,500 (-0.1%) $542,967 (-3.5%) 0.87 17,050
2024-11-01 $359,900 (0.0%) $530,896 (-3.6%) 0.86 16,518
2024-12-01 $347,450 (-0.7%) $517,358 (-3.6%) 0.86 13,880
2025-01-01 $343,498 (-2.2%) $519,117 (-5.6%) 0.86 12,423
2025-02-01 $349,450 (-2.9%) $539,603 (-6.3%) 0.85 11,960
2025-03-01 $360,000 (-4.0%) $549,178 (-7.9%) 0.85 12,282
2025-04-01 $372,450 (-4.4%) $559,903 (-8.1%) 0.00 12,919
Lake County's median listing price for 2025-04-01 was $372,450, a difference of $-17,000 (-4.4%) versus the prior year and $12,450 versus the prior month.

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

Lake County's average listing price for 2025-04-01 was $559,903, a difference of $-49,626 (-8.1%) versus the prior year and $10,725 versus the prior month.

For the 2025-04-01 period, Lake County had 12,919 MLS listings, a difference of 637 listings (5%) versus the prior month and 1,326 listings (11%) 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 1,898 sqft
2018-02-01 54 days 1,955 sqft
2018-03-01 43 days 2,000 sqft
2018-04-01 40 days 2,022 sqft
2018-05-01 40 days 2,027 sqft
2018-06-01 42 days 2,021 sqft
2018-07-01 45 days 2,000 sqft
2018-08-01 47 days 1,986 sqft
2018-09-01 50 days 1,971 sqft
2018-10-01 51 days 1,938 sqft
2018-11-01 56 days 1,904 sqft
2018-12-01 67 days 1,870 sqft
2019-01-01 73 days 1,866 sqft
2019-02-01 55 days 1,908 sqft
2019-03-01 43 days 1,966 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 1,870 sqft
2020-01-01 76 days 1,863 sqft
2020-02-01 45 days 1,918 sqft
2020-03-01 43 days 1,959 sqft
2020-04-01 52 days 1,929 sqft
2020-05-01 60 days 1,950 sqft
2020-06-01 45 days 1,939 sqft
2020-07-01 41 days 1,906 sqft
2020-08-01 40 days 1,872 sqft
2020-09-01 40 days 1,807 sqft
2020-10-01 44 days 1,792 sqft
2020-11-01 50 days 1,731 sqft
2020-12-01 59 days 1,700 sqft
2021-01-01 64 days 1,682 sqft
2021-02-01 45 days 1,680 sqft
2021-03-01 40 days 1,676 sqft
2021-04-01 33 days 1,693 sqft
2021-05-01 33 days 1,702 sqft
2021-06-01 32 days 1,728 sqft
2021-07-01 34 days 1,728 sqft
2021-08-01 36 days 1,703 sqft
2021-09-01 38 days 1,690 sqft
2021-10-01 40 days 1,669 sqft
2021-11-01 45 days 1,641 sqft
2021-12-01 53 days 1,602 sqft
2022-01-01 59 days 1,600 sqft
2022-02-01 39 days 1,600 sqft
2022-03-01 34 days 1,620 sqft
2022-04-01 31 days 1,653 sqft
2022-05-01 29 days 1,700 sqft
2022-06-01 30 days 1,718 sqft
2022-07-01 32 days 1,728 sqft
2022-08-01 36 days 1,717 sqft
2022-09-01 40 days 1,703 sqft
2022-10-01 40 days 1,705 sqft
2022-11-01 44 days 1,702 sqft
2022-12-01 54 days 1,694 sqft
2023-01-01 60 days 1,700 sqft
2023-02-01 44 days 1,702 sqft
2023-03-01 40 days 1,743 sqft
2023-04-01 38 days 1,782 sqft
2023-05-01 34 days 1,800 sqft
2023-06-01 35 days 1,800 sqft
2023-07-01 36 days 1,813 sqft
2023-08-01 36 days 1,802 sqft
2023-09-01 37 days 1,800 sqft
2023-10-01 37 days 1,794 sqft
2023-11-01 42 days 1,779 sqft
2023-12-01 51 days 1,759 sqft
2024-01-01 56 days 1,759 sqft
2024-02-01 40 days 1,765 sqft
2024-03-01 34 days 1,800 sqft
2024-04-01 34 days 1,800 sqft
2024-05-01 29 days 1,840 sqft
2024-06-01 32 days 1,825 sqft
2024-07-01 33 days 1,824 sqft
2024-08-01 36 days 1,800 sqft
2024-09-01 36 days 1,794 sqft
2024-10-01 37 days 1,772 sqft
2024-11-01 43 days 1,750 sqft
2024-12-01 51 days 1,713 sqft
2025-01-01 57 days 1,698 sqft
2025-02-01 43 days 1,705 sqft
2025-03-01 36 days 1,711 sqft
2025-04-01 0 days 1,734 sqft
Lake County's median listing age (time on market) for 2025-04-01 was 0 days. This is -100% shorter than the same period one year ago.

Lake County's median square footage for active listings during the 2025-04-01 period was 1,734 sqft. One year prior, the average listing was 1,800 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.