Lewiston VA Loan Rates, Closing Costs & Stats

LEWISTON-AUBURN, ME

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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.

    Lewiston's 42 lenders originated 130 VA loans during 2023. The total origination value was $40,850,000, with an average VA loan value of $314,231.

    Lewiston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewiston averaged 6.8% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Lewiston's average VA mortgage closing costs are $5,477.

    The average rate for the prior week (2024-04-12) was 6.64% and one month ago for the week of 2024-03-15, the average rate was 6.5%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Lewiston 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 Lewiston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 19 6.81% $6,297
    GUILD MORTGAGE COMPANY 18 6.71% $8,085
    UNITED WHOLESALE MORTGAGE, LLC 7 6.81% $6,919
    QUICKEN LOANS, LLC 7 6.55% $11,348
    NEWREZ LLC 6 6.98% $7,073
    DAS Acquisition Company, LLC 5 5.23% $6,023
    FREEDOM MORTGAGE CORPORATION 5 6.65% $18,461
    INTEGRITY MORTGAGE LLC 3 7.08% $7,607
    NEW DAY FINANCIAL, LLC 3 7.67% $12,495
    T2 FINANCIAL LLC 3 7.13% $15,077
    Bangor Savings Bank 3 6.33% $6,373
    PENTAGON FEDERAL CREDIT UNION 2 5.81% $4,124
    Mr. Cooper ( Nationstar Mortgage ) 2 5.50% $23,633
    NAVY FEDERAL CREDIT UNION 2 6.13% $2,729
    PENNYMAC LOAN SERVICES, LLC 2 5.56% $10,710
    Paramount Residential Mortgage Group, Inc. 2 6.25% $10,880
    USAA Federal Savings Bank 2 6.19% $2,269
    Equity Prime Mortgage LLC 2 6.63% $12,115
    CMG MORTGAGE, INC. 2 7.25% $11,978
    The Camden National Bank 1 5.75% $3,764
    The Federal Savings Bank 1 6.75% $9,193
    VILLAGE CAPITAL MORTGAGE 1 5.75% $5,904
    ACADEMY MORTGAGE CORPORATION 1 5.63% $9,339
    Wells Fargo Bank 1 5.88% $3,621
    ALLIED MORTGAGE GROUP, INC. 1 6.63% $22,603
    Armed Forces Bank 1 5.63% $24,005
    Barrington Bank & Trust Company, N.A. 1 5.25% $6,365
    CALIBER HOME LOANS, INC. 1 6.25% $8,025
    CONTOUR MORTGAGE CORPORATION 1 7.13% $9,786
    EVERETT FINANCIAL, INC. 1 7.13% $9,730
    First Federal Bank 1 6.75% $9,832
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $5,387
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $13,096
    LOANDEPOT.COM, LLC 1 7.13% $1,888
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.13% $9,786
    MOVEMENT MORTGAGE, LLC 1 6.25% $10,370
    NBKC BANK 1 6.00% $17,678
    NORTHERN MORTGAGE SERVICES, LLC 1 6.88% $4,930
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $7,505
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $11,257
    Service Federal Credit Union 1 6.63% $2,940
    SUN WEST MORTGAGE COMPANY, INC. 1 5.62% $8,756

    The top Lewiston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $6,297, which is $1,788 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Lewiston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,297), GUILD MORTGAGE COMPANY ($8,085), .

    The lowest rate Lewiston VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.71%), Mortgage Research Center, LLC (6.81%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lewiston (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 $189,900 (10.3%) $204,124 (6.2%) 0.00 293
    2018-02-01 $189,700 (8.5%) $207,312 (5.4%) 0.00 263
    2018-03-01 $190,000 (8.6%) $209,444 (6.2%) 0.00 260
    2018-04-01 $199,350 (10.0%) $212,980 (4.6%) 0.00 248
    2018-05-01 $198,000 (12.5%) $216,047 (4.0%) 0.00 275
    2018-06-01 $195,950 (9.2%) $214,913 (2.8%) 0.00 276
    2018-07-01 $192,475 (7.0%) $214,443 (3.2%) 0.00 297
    2018-08-01 $189,950 (0.0%) $213,861 (2.8%) 0.00 340
    2018-09-01 $182,500 (-1.3%) $210,544 (1.4%) 0.00 376
    2018-10-01 $188,750 (0.7%) $218,570 (5.0%) 0.00 368
    2018-11-01 $192,425 (1.4%) $221,202 (6.3%) 0.00 332
    2018-12-01 $192,450 (-1.0%) $225,335 (8.1%) 0.00 292
    2019-01-01 $189,750 (-0.1%) $222,963 (9.2%) 0.00 268
    2019-02-01 $187,500 (-1.2%) $220,624 (6.4%) 0.00 261
    2019-03-01 $195,143 (2.7%) $225,003 (7.4%) 0.00 229
    2019-04-01 $201,143 (0.9%) $227,332 (6.7%) 0.00 205
    2019-05-01 $207,450 (4.8%) $229,666 (6.3%) 0.00 205
    2019-06-01 $215,000 (9.7%) $236,783 (10.2%) 0.00 255
    2019-07-01 $220,196 (14.4%) $239,524 (11.7%) 0.00 273
    2019-08-01 $210,609 (10.9%) $236,240 (10.5%) 0.00 277
    2019-09-01 $211,673 (16.0%) $237,244 (12.7%) 0.00 276
    2019-10-01 $213,946 (13.4%) $238,917 (9.3%) 0.00 270
    2019-11-01 $219,700 (14.2%) $241,089 (9.0%) 0.00 251
    2019-12-01 $222,250 (15.5%) $241,016 (7.0%) 0.00 224
    2020-01-01 $225,000 (18.6%) $243,486 (9.2%) 0.00 193
    2020-02-01 $240,000 (28.0%) $255,380 (15.8%) 0.00 174
    2020-03-01 $244,175 (25.1%) $260,000 (15.6%) 0.00 168
    2020-04-01 $242,159 (20.4%) $254,364 (11.9%) 0.00 168
    2020-05-01 $247,400 (19.3%) $252,034 (9.7%) 0.00 173
    2020-06-01 $246,200 (14.5%) $255,671 (8.0%) 0.00 156
    2020-07-01 $244,975 (11.3%) $265,323 (10.8%) 0.00 154
    2020-08-01 $235,000 (11.6%) $273,401 (15.7%) 0.00 155
    2020-09-01 $239,225 (13.0%) $271,808 (14.6%) 0.00 145
    2020-10-01 $237,950 (11.2%) $269,124 (12.6%) 0.00 143
    2020-11-01 $237,500 (8.1%) $281,029 (16.6%) 0.00 139
    2020-12-01 $239,975 (8.0%) $287,812 (19.4%) 0.00 124
    2021-01-01 $245,000 (8.9%) $300,428 (23.4%) 0.00 104
    2021-02-01 $281,900 (17.5%) $303,102 (18.7%) 0.00 84
    2021-03-01 $293,750 (20.3%) $314,117 (20.8%) 0.00 79
    2021-04-01 $281,125 (16.1%) $306,718 (20.6%) 0.00 88
    2021-05-01 $285,000 (15.2%) $320,849 (27.3%) 0.00 88
    2021-06-01 $262,250 (6.5%) $294,014 (15.0%) 0.00 105
    2021-07-01 $272,450 (11.2%) $310,404 (17.0%) 0.00 117
    2021-08-01 $265,000 (12.8%) $310,906 (13.7%) 0.00 129
    2021-09-01 $283,750 (18.6%) $329,407 (21.2%) 0.00 125
    2021-10-01 $262,500 (10.3%) $324,068 (20.4%) 0.00 120
    2021-11-01 $276,250 (16.3%) $328,134 (16.8%) 0.00 98
    2021-12-01 $268,950 (12.1%) $328,007 (14.0%) 0.00 88
    2022-01-01 $299,950 (22.4%) $351,101 (16.9%) 0.00 60
    2022-02-01 $292,175 (3.6%) $378,309 (24.8%) 0.00 50
    2022-03-01 $331,700 (12.9%) $396,297 (26.2%) 0.00 48
    2022-04-01 $298,500 (6.2%) $370,596 (20.8%) 0.00 63
    2022-05-01 $332,450 (16.7%) $388,576 (21.1%) 0.00 79
    2022-06-01 $307,000 (17.1%) $374,205 (27.3%) 0.00 101
    2022-07-01 $299,000 (9.7%) $355,408 (14.5%) 0.00 122
    2022-08-01 $289,875 (9.4%) $378,015 (21.6%) 0.00 128
    2022-09-01 $305,000 (7.5%) $376,431 (14.3%) 0.00 130
    2022-10-01 $319,000 (21.5%) $363,973 (12.3%) 0.00 128
    2022-11-01 $327,500 (18.6%) $379,309 (15.6%) 0.00 100
    2022-12-01 $305,000 (13.4%) $365,902 (11.6%) 0.00 89
    2023-01-01 $299,950 (0.0%) $361,274 (2.9%) 0.00 73
    2023-02-01 $313,725 (7.4%) $359,633 (-4.9%) 0.00 58
    2023-03-01 $311,038 (-6.2%) $350,527 (-11.6%) 0.00 50
    2023-04-01 $324,900 (8.8%) $375,470 (1.3%) 0.00 59
    2023-05-01 $369,350 (11.1%) $400,692 (3.1%) 0.00 62
    2023-06-01 $334,909 (9.1%) $387,571 (3.6%) 0.00 66
    2023-07-01 $375,000 (25.4%) $417,143 (17.4%) 0.00 78
    2023-08-01 $385,000 (32.8%) $422,664 (11.8%) 0.00 98
    2023-09-01 $380,000 (24.6%) $411,565 (9.3%) 0.00 116
    2023-10-01 $354,500 (11.1%) $393,926 (8.2%) 0.00 138
    2023-11-01 $349,950 (6.9%) $393,821 (3.8%) 0.00 143
    2023-12-01 $365,000 (19.7%) $406,875 (11.2%) 0.00 125
    2024-01-01 $388,500 (29.5%) $420,053 (16.3%) 0.00 99
    2024-02-01 $372,000 (18.6%) $401,102 (11.5%) 0.00 96
    2024-03-01 $380,000 (22.2%) $423,166 (20.7%) 0.00 75
    Lewiston's median listing price for 2024-03-01 was $380,000, a difference of $68,962 (22.2%) versus the prior year and $8,000 versus the prior month.

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

    Lewiston's average listing price for 2024-03-01 was $423,166, a difference of $72,639 (20.7%) versus the prior year and $22,064 versus the prior month.

    For the 2024-03-01 period, Lewiston had 75 MLS listings, a difference of -21 listings (-22%) versus the prior month and 25 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lewiston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,664 sqft
    2018-02-01 0 days 1,661 sqft
    2018-03-01 0 days 1,700 sqft
    2018-04-01 0 days 1,680 sqft
    2018-05-01 0 days 1,677 sqft
    2018-06-01 0 days 1,678 sqft
    2018-07-01 0 days 1,691 sqft
    2018-08-01 0 days 1,727 sqft
    2018-09-01 0 days 1,687 sqft
    2018-10-01 0 days 1,706 sqft
    2018-11-01 0 days 1,712 sqft
    2018-12-01 0 days 1,677 sqft
    2019-01-01 0 days 1,643 sqft
    2019-02-01 0 days 1,623 sqft
    2019-03-01 0 days 1,666 sqft
    2019-04-01 0 days 1,686 sqft
    2019-05-01 0 days 1,705 sqft
    2019-06-01 0 days 1,720 sqft
    2019-07-01 0 days 1,713 sqft
    2019-08-01 0 days 1,690 sqft
    2019-09-01 0 days 1,675 sqft
    2019-10-01 0 days 1,687 sqft
    2019-11-01 0 days 1,715 sqft
    2019-12-01 0 days 1,671 sqft
    2020-01-01 0 days 1,679 sqft
    2020-02-01 0 days 1,677 sqft
    2020-03-01 0 days 1,656 sqft
    2020-04-01 0 days 1,672 sqft
    2020-05-01 0 days 1,642 sqft
    2020-06-01 0 days 1,641 sqft
    2020-07-01 0 days 1,654 sqft
    2020-08-01 0 days 1,632 sqft
    2020-09-01 0 days 1,632 sqft
    2020-10-01 0 days 1,665 sqft
    2020-11-01 0 days 1,634 sqft
    2020-12-01 0 days 1,690 sqft
    2021-01-01 0 days 1,695 sqft
    2021-02-01 0 days 1,663 sqft
    2021-03-01 0 days 1,675 sqft
    2021-04-01 0 days 1,698 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,584 sqft
    2021-07-01 0 days 1,682 sqft
    2021-08-01 0 days 1,601 sqft
    2021-09-01 0 days 1,651 sqft
    2021-10-01 0 days 1,632 sqft
    2021-11-01 0 days 1,645 sqft
    2021-12-01 0 days 1,585 sqft
    2022-01-01 0 days 1,658 sqft
    2022-02-01 0 days 1,793 sqft
    2022-03-01 0 days 1,795 sqft
    2022-04-01 0 days 1,794 sqft
    2022-05-01 0 days 1,831 sqft
    2022-06-01 0 days 1,840 sqft
    2022-07-01 0 days 1,801 sqft
    2022-08-01 0 days 1,746 sqft
    2022-09-01 0 days 1,816 sqft
    2022-10-01 0 days 1,804 sqft
    2022-11-01 0 days 1,778 sqft
    2022-12-01 0 days 1,733 sqft
    2023-01-01 0 days 1,742 sqft
    2023-02-01 0 days 1,729 sqft
    2023-03-01 0 days 1,671 sqft
    2023-04-01 0 days 1,787 sqft
    2023-05-01 0 days 1,846 sqft
    2023-06-01 0 days 1,791 sqft
    2023-07-01 0 days 1,760 sqft
    2023-08-01 0 days 1,733 sqft
    2023-09-01 0 days 1,712 sqft
    2023-10-01 0 days 1,658 sqft
    2023-11-01 0 days 1,661 sqft
    2023-12-01 0 days 1,653 sqft
    2024-01-01 0 days 1,663 sqft
    2024-02-01 0 days 1,661 sqft
    2024-03-01 0 days 1,768 sqft
    Lewiston's median listing age (time on market) for 2024-03-01 was 0 days.

    Lewiston's median square footage for active listings during the 2024-03-01 period was 1,768 sqft. One year prior, the average listing was 1,671 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.