Lansing VA Loan Rates, Closing Costs & Stats

LANSING-EAST LANSING, MI

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 6.78% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

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

    The average rate for the prior week (2025-07-04) was 6.89% and one month ago for the week of 2025-06-06, the average rate was 7.07%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.83%.

    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.