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.