Lansing VA Loan Rates, Closing Costs & Stats

LANSING-EAST LANSING, MI

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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.

    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 6.77% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Lansing's average VA mortgage closing costs are $5,152.

    The average rate for the prior week (2025-03-28) was 6.59% and one month ago for the week of 2025-02-28, the average rate was 6.57%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.22%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lansing (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 $139,900 (14.7%) $193,469 (12.1%) 0.52 1,176
    2018-02-01 $145,000 (12.7%) $199,300 (10.5%) 0.53 1,127
    2018-03-01 $149,900 (11.1%) $207,339 (11.4%) 0.53 1,047
    2018-04-01 $162,400 (12.1%) $216,811 (11.8%) 0.55 1,009
    2018-05-01 $179,000 (19.4%) $223,433 (11.6%) 0.60 1,084
    2018-06-01 $179,950 (14.3%) $225,655 (9.5%) 0.60 1,239
    2018-07-01 $179,995 (10.8%) $224,205 (8.2%) 0.60 1,386
    2018-08-01 $179,900 (12.7%) $220,093 (7.9%) 0.60 1,528
    2018-09-01 $174,900 (9.4%) $217,303 (5.8%) 0.59 1,571
    2018-10-01 $169,900 (8.6%) $215,966 (6.3%) 0.58 1,577
    2018-11-01 $169,450 (13.4%) $214,592 (8.3%) 0.57 1,509
    2018-12-01 $165,000 (16.2%) $211,869 (8.3%) 0.57 1,327
    2019-01-01 $165,000 (17.9%) $216,844 (12.1%) 0.57 1,172
    2019-02-01 $174,283 (20.2%) $224,328 (12.6%) 0.59 1,047
    2019-03-01 $180,329 (20.3%) $232,950 (12.4%) 0.59 1,007
    2019-04-01 $191,900 (18.2%) $242,457 (11.8%) 0.61 1,017
    2019-05-01 $202,450 (13.1%) $250,943 (12.3%) 0.63 1,110
    2019-06-01 $204,900 (13.9%) $247,990 (9.9%) 0.64 1,194
    2019-07-01 $199,950 (11.1%) $244,202 (8.9%) 0.63 1,285
    2019-08-01 $190,336 (5.8%) $236,489 (7.5%) 0.60 1,356
    2019-09-01 $176,028 (0.7%) $225,773 (3.9%) 0.56 1,432
    2019-10-01 $164,925 (-2.9%) $219,754 (1.8%) 0.53 1,459
    2019-11-01 $159,900 (-5.6%) $212,798 (-0.8%) 0.52 1,405
    2019-12-01 $151,825 (-8.0%) $209,842 (-1.0%) 0.51 1,257
    2020-01-01 $151,575 (-8.1%) $211,408 (-2.5%) 0.51 1,134
    2020-02-01 $157,900 (-9.4%) $224,122 (-0.1%) 0.52 1,015
    2020-03-01 $172,400 (-4.4%) $233,759 (0.4%) 0.54 907
    2020-04-01 $189,900 (-1.0%) $244,135 (0.7%) 0.59 870
    2020-05-01 $195,000 (-3.7%) $243,436 (-3.0%) 0.59 893
    2020-06-01 $220,000 (7.4%) $270,498 (9.1%) 0.65 814
    2020-07-01 $219,350 (9.7%) $268,788 (10.1%) 0.64 804
    2020-08-01 $214,900 (12.9%) $260,875 (10.3%) 0.62 794
    2020-09-01 $216,200 (22.8%) $262,861 (16.4%) 0.62 792
    2020-10-01 $199,900 (21.2%) $260,093 (18.4%) 0.57 770
    2020-11-01 $180,100 (12.6%) $253,167 (19.0%) 0.53 723
    2020-12-01 $169,900 (11.9%) $248,721 (18.5%) 0.51 625
    2021-01-01 $159,900 (5.5%) $244,097 (15.5%) 0.48 495
    2021-02-01 $160,000 (1.3%) $242,999 (8.4%) 0.47 384
    2021-03-01 $169,900 (-1.5%) $245,887 (5.2%) 0.48 363
    2021-04-01 $187,400 (-1.3%) $259,490 (6.3%) 0.51 339
    2021-05-01 $179,900 (-7.7%) $247,340 (1.6%) 0.48 418
    2021-06-01 $189,975 (-13.7%) $260,551 (-3.7%) 0.50 503
    2021-07-01 $185,000 (-15.7%) $254,368 (-5.4%) 0.49 615
    2021-08-01 $184,200 (-14.3%) $249,733 (-4.3%) 0.49 746
    2021-09-01 $179,900 (-16.8%) $244,743 (-6.9%) 0.48 770
    2021-10-01 $176,400 (-11.8%) $237,369 (-8.7%) 0.47 696
    2021-11-01 $163,875 (-9.0%) $224,512 (-11.3%) 0.44 644
    2021-12-01 $149,950 (-11.7%) $217,235 (-12.7%) 0.41 535
    2022-01-01 $145,000 (-9.3%) $215,246 (-11.8%) 0.39 418
    2022-02-01 $152,175 (-4.9%) $229,422 (-5.6%) 0.40 336
    2022-03-01 $159,450 (-6.2%) $233,684 (-5.0%) 0.40 313
    2022-04-01 $189,900 (1.3%) $261,197 (0.7%) 0.45 308
    2022-05-01 $199,675 (11.0%) $257,224 (4.0%) 0.46 402
    2022-06-01 $200,000 (5.3%) $265,649 (2.0%) 0.45 516
    2022-07-01 $209,950 (13.5%) $265,989 (4.6%) 0.47 618
    2022-08-01 $209,450 (13.7%) $264,906 (6.1%) 0.48 724
    2022-09-01 $205,000 (14.0%) $266,744 (9.0%) 0.48 711
    2022-10-01 $219,900 (24.7%) $266,486 (12.3%) 0.52 760
    2022-11-01 $194,950 (19.0%) $256,450 (14.2%) 0.47 802
    2022-12-01 $194,450 (29.7%) $252,512 (16.2%) 0.48 696
    2023-01-01 $191,425 (32.0%) $254,287 (18.1%) 0.47 524
    2023-02-01 $201,175 (32.2%) $259,718 (13.2%) 0.49 422
    2023-03-01 $228,808 (43.5%) $280,397 (20.0%) 0.54 376
    2023-04-01 $229,900 (21.1%) $276,388 (5.8%) 0.53 362
    2023-05-01 $246,075 (23.2%) $284,825 (10.7%) 0.56 403
    2023-06-01 $259,000 (29.5%) $295,279 (11.2%) 0.58 463
    2023-07-01 $259,900 (23.8%) $305,335 (14.8%) 0.59 513
    2023-08-01 $249,950 (19.3%) $300,323 (13.4%) 0.57 562
    2023-09-01 $244,900 (19.5%) $292,197 (9.5%) 0.57 607
    2023-10-01 $245,725 (11.7%) $287,144 (7.8%) 0.58 662
    2023-11-01 $237,400 (21.8%) $282,381 (10.1%) 0.57 669
    2023-12-01 $225,000 (15.7%) $273,716 (8.4%) 0.55 626
    2024-01-01 $224,950 (17.5%) $278,301 (9.4%) 0.55 527
    2024-02-01 $210,000 (4.4%) $271,517 (4.5%) 0.51 486
    2024-03-01 $225,000 (-1.7%) $275,111 (-1.9%) 0.53 470
    2024-04-01 $234,950 (2.2%) $284,209 (2.8%) 0.55 474
    2024-05-01 $252,450 (2.6%) $297,476 (4.4%) 0.57 475
    2024-06-01 $250,000 (-3.5%) $304,308 (3.1%) 0.57 528
    2024-07-01 $249,900 (-3.9%) $303,101 (-0.7%) 0.57 580
    2024-08-01 $239,900 (-4.0%) $292,122 (-2.7%) 0.56 682
    2024-09-01 $237,450 (-3.0%) $282,839 (-3.2%) 0.56 754
    2024-10-01 $234,900 (-4.4%) $282,438 (-1.6%) 0.55 790
    2024-11-01 $230,000 (-3.1%) $276,878 (-2.0%) 0.55 810
    2024-12-01 $213,500 (-5.1%) $273,248 (-0.2%) 0.53 730
    2025-01-01 $214,950 (-4.5%) $278,885 (0.2%) 0.54 673
    2025-02-01 $219,800 (4.7%) $280,299 (3.2%) 0.53 613
    2025-03-01 $240,000 (6.7%) $286,259 (4.1%) 0.00 573
    Lansing's median listing price for 2025-03-01 was $240,000, a difference of $15,000 (6.7%) versus the prior year and $20,200 versus the prior month.

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

    Lansing's average listing price for 2025-03-01 was $286,259, a difference of $11,148 (4.1%) versus the prior year and $5,960 versus the prior month.

    For the 2025-03-01 period, Lansing had 573 MLS listings, a difference of -40 listings (-7%) versus the prior month and 103 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lansing (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 1,603 sqft
    2018-02-01 65 days 1,636 sqft
    2018-03-01 51 days 1,676 sqft
    2018-04-01 46 days 1,710 sqft
    2018-05-01 40 days 1,747 sqft
    2018-06-01 40 days 1,760 sqft
    2018-07-01 43 days 1,774 sqft
    2018-08-01 44 days 1,795 sqft
    2018-09-01 50 days 1,769 sqft
    2018-10-01 57 days 1,762 sqft
    2018-11-01 59 days 1,717 sqft
    2018-12-01 67 days 1,683 sqft
    2019-01-01 77 days 1,665 sqft
    2019-02-01 75 days 1,702 sqft
    2019-03-01 62 days 1,721 sqft
    2019-04-01 46 days 1,787 sqft
    2019-05-01 37 days 1,821 sqft
    2019-06-01 38 days 1,840 sqft
    2019-07-01 42 days 1,838 sqft
    2019-08-01 44 days 1,789 sqft
    2019-09-01 46 days 1,737 sqft
    2019-10-01 49 days 1,704 sqft
    2019-11-01 53 days 1,683 sqft
    2019-12-01 67 days 1,616 sqft
    2020-01-01 73 days 1,606 sqft
    2020-02-01 67 days 1,639 sqft
    2020-03-01 53 days 1,691 sqft
    2020-04-01 56 days 1,699 sqft
    2020-05-01 58 days 1,737 sqft
    2020-06-01 40 days 1,851 sqft
    2020-07-01 38 days 1,789 sqft
    2020-08-01 34 days 1,804 sqft
    2020-09-01 33 days 1,802 sqft
    2020-10-01 35 days 1,775 sqft
    2020-11-01 41 days 1,685 sqft
    2020-12-01 51 days 1,629 sqft
    2021-01-01 57 days 1,550 sqft
    2021-02-01 39 days 1,441 sqft
    2021-03-01 35 days 1,488 sqft
    2021-04-01 36 days 1,565 sqft
    2021-05-01 29 days 1,578 sqft
    2021-06-01 22 days 1,455 sqft
    2021-07-01 23 days 1,454 sqft
    2021-08-01 24 days 1,531 sqft
    2021-09-01 33 days 1,557 sqft
    2021-10-01 36 days 1,549 sqft
    2021-11-01 44 days 1,467 sqft
    2021-12-01 52 days 1,428 sqft
    2022-01-01 52 days 1,422 sqft
    2022-02-01 43 days 1,424 sqft
    2022-03-01 38 days 1,448 sqft
    2022-04-01 28 days 1,600 sqft
    2022-05-01 22 days 1,596 sqft
    2022-06-01 23 days 1,605 sqft
    2022-07-01 27 days 1,640 sqft
    2022-08-01 31 days 1,629 sqft
    2022-09-01 40 days 1,611 sqft
    2022-10-01 40 days 1,650 sqft
    2022-11-01 43 days 1,608 sqft
    2022-12-01 54 days 1,596 sqft
    2023-01-01 63 days 1,553 sqft
    2023-02-01 54 days 1,575 sqft
    2023-03-01 45 days 1,660 sqft
    2023-04-01 33 days 1,656 sqft
    2023-05-01 28 days 1,703 sqft
    2023-06-01 29 days 1,757 sqft
    2023-07-01 33 days 1,808 sqft
    2023-08-01 35 days 1,762 sqft
    2023-09-01 38 days 1,704 sqft
    2023-10-01 37 days 1,692 sqft
    2023-11-01 44 days 1,669 sqft
    2023-12-01 51 days 1,597 sqft
    2024-01-01 57 days 1,590 sqft
    2024-02-01 52 days 1,519 sqft
    2024-03-01 40 days 1,566 sqft
    2024-04-01 36 days 1,633 sqft
    2024-05-01 28 days 1,716 sqft
    2024-06-01 30 days 1,753 sqft
    2024-07-01 35 days 1,741 sqft
    2024-08-01 33 days 1,692 sqft
    2024-09-01 36 days 1,665 sqft
    2024-10-01 38 days 1,635 sqft
    2024-11-01 44 days 1,619 sqft
    2024-12-01 56 days 1,560 sqft
    2025-01-01 62 days 1,568 sqft
    2025-02-01 50 days 1,561 sqft
    2025-03-01 0 days 1,584 sqft
    Lansing's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lansing's median square footage for active listings during the 2025-03-01 period was 1,584 sqft. One year prior, the average listing was 1,566 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.