Lansing VA Loan Rates, Closing Costs & Stats
LANSING-EAST LANSING, MI
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.
Lansing's 72 lenders originated 586 VA
loans during 2024. The total origination value was $152,500,000, with an average VA loan value of
$260,239.
Lansing VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lansing
averaged
0.31%
for the week of 2025-07-04, compared to the national average (all VA variants) of
0% for the same period.
Lansing's average VA mortgage closing costs are $5,152.
The average rate for the prior week (2025-06-27) was
6.84% and
one month ago for the week of 2025-05-30, the
average rate was 7.17%.
The average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-07-04, the average rate
was 0.46%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Lansing 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 Lansing level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
125
|
6.46%
|
$5,025
|
QUICKEN LOANS, LLC
|
69
|
6.24%
|
$9,476
|
UNITED WHOLESALE MORTGAGE, LLC
|
57
|
6.06%
|
$6,955
|
UNION HOME MORTGAGE CORP.
|
35
|
6.63%
|
$8,293
|
FREEDOM MORTGAGE CORPORATION
|
24
|
6.24%
|
$6,888
|
Flagstar Bank, FSB
|
19
|
6.36%
|
$4,315
|
NAVY FEDERAL CREDIT UNION
|
17
|
5.92%
|
$5,193
|
NEW DAY FINANCIAL, LLC
|
17
|
7.54%
|
$11,995
|
PENNYMAC LOAN SERVICES, LLC
|
12
|
5.83%
|
$7,107
|
NEWREZ LLC
|
11
|
5.95%
|
$5,642
|
The Dart Bank
|
11
|
6.10%
|
$6,780
|
MORTGAGE 1 INCORPORATED
|
10
|
6.91%
|
$7,118
|
CROSSCOUNTRY MORTGAGE, LLC
|
8
|
6.47%
|
$7,237
|
JPMorgan Chase Bank
|
7
|
6.21%
|
$4,855
|
LOANDEPOT.COM, LLC
|
7
|
6.09%
|
$9,847
|
USAA Federal Savings Bank
|
7
|
6.05%
|
$5,582
|
VILLAGE CAPITAL MORTGAGE
|
7
|
5.80%
|
$4,846
|
Preston Home Loans Inc
|
6
|
6.89%
|
$7,493
|
VAN DYK MORTGAGE CORPORATION
|
6
|
6.46%
|
$3,468
|
GUARANTEED RATE AFFINITY, LLC
|
6
|
6.13%
|
$3,774
|
Mr. Cooper ( Nationstar Mortgage )
|
6
|
6.44%
|
$8,395
|
PLANET HOME LENDING, LLC
|
6
|
5.27%
|
$2,792
|
The Huntington National Bank
|
4
|
6.59%
|
$4,445
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
4
|
6.03%
|
$5,916
|
FBC MORTGAGE, LLC
|
4
|
6.72%
|
$4,289
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
4
|
6.56%
|
$9,219
|
J. VIRGIL, INC.
|
4
|
6.63%
|
$6,394
|
ROYAL UNITED MORTGAGE LLC
|
3
|
6.67%
|
$9,831
|
Plains Commerce Bank
|
3
|
6.50%
|
$5,672
|
SUCCESS MORTGAGE PARTNERS, INC.
|
3
|
7.29%
|
$9,542
|
Carrington Mortgage Services, LLC
|
3
|
6.58%
|
$10,116
|
LAKEVIEW LOAN SERVICING, LLC
|
3
|
5.92%
|
$9,746
|
NBKC BANK
|
2
|
5.69%
|
$10,844
|
AMERICAN FINANCING CORPORATION
|
2
|
5.62%
|
$16,639
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
6.50%
|
$5,534
|
BROKER SOLUTIONS, INC.
|
2
|
6.25%
|
$6,888
|
Century Mortgage Company DBA Century Lending Company
|
2
|
5.25%
|
$3,664
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
6.75%
|
$7,188
|
CLEARPATH LENDING
|
2
|
5.68%
|
$3,122
|
Credence Funding Corporation
|
2
|
6.06%
|
$5,643
|
EMM LOANS LLC
|
2
|
7.06%
|
$7,192
|
EVERETT FINANCIAL, INC.
|
2
|
7.13%
|
$3,966
|
Fifth Third Bank
|
2
|
7.19%
|
$2,158
|
MEMBER FIRST MORTGAGE, LLC
|
2
|
7.19%
|
$4,497
|
MORTGAGE CENTER L.C
|
2
|
6.56%
|
$7,299
|
ABSOLUTE HOME MORTGAGE CORPORATION
|
2
|
7.00%
|
$17,869
|
MOVEMENT MORTGAGE, LLC
|
1
|
6.75%
|
$13,221
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
1
|
7.75%
|
$0
|
Northpointe Bank
|
1
|
6.50%
|
$3,636
|
MICHIGAN MUTUAL, INC.
|
1
|
6.25%
|
$669
|
PENTAGON FEDERAL CREDIT UNION
|
1
|
6.88%
|
$20,379
|
LAKE MICHIGAN CREDIT UNION
|
1
|
6.00%
|
$14,311
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
1
|
7.13%
|
$7,588
|
PNC Bank
|
1
|
6.75%
|
$1,701
|
GVC MORTGAGE, INC.
|
1
|
6.13%
|
$50
|
GUILD MORTGAGE COMPANY
|
1
|
7.25%
|
$3,799
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
6.38%
|
$12,967
|
GUARANTEED RATE, INC.
|
1
|
6.75%
|
$0
|
RUOFF MORTGAGE COMPANY, INC.
|
1
|
6.75%
|
$1,723
|
STAUNTON FINANCIAL, INC.
|
1
|
6.75%
|
$12,077
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
6.49%
|
$7,073
|
SUN WEST MORTGAGE COMPANY, INC.
|
1
|
5.75%
|
$1,996
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
1
|
6.99%
|
$9,505
|
The Federal Savings Bank
|
1
|
6.63%
|
$19,828
|
Cornerstone First Mortgage, Inc
|
1
|
5.99%
|
$10,822
|
TOWNE MORTGAGE COMPANY
|
1
|
6.63%
|
$5,879
|
CARDINAL FINANCIAL
|
1
|
5.99%
|
$9,410
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
7.13%
|
$14,580
|
University Bank
|
1
|
6.75%
|
$7,038
|
Barrington Bank & Trust Company, N.A.
|
1
|
6.75%
|
$4,252
|
AMERICAN PORTFOLIO MORTGAGE CORPORATION
|
1
|
7.13%
|
$9,918
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
6.25%
|
$5,089
|
The top Lansing VA lender as defined by loan originations is Mortgage Research Center, LLC, with
125 VA loans originated. Their average total fees are
$5,025, which is $4,451
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Lansing VA lenders (with over 10 loans originated) are
Flagstar Bank, FSB ($4,315), Mortgage Research Center, LLC ($5,025), NAVY FEDERAL CREDIT UNION ($5,193), NEWREZ LLC ($5,642) and The Dart Bank ($6,780).
The lowest rate Lansing VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.83%), NAVY FEDERAL CREDIT UNION (5.92%), NEWREZ LLC (5.95%), UNITED WHOLESALE MORTGAGE, LLC (6.06%) and The Dart Bank (6.10%).
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.