Logan VA Loan Rates, Closing Costs & Stats

LOGAN, UT-ID

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.

Logan's 32 lenders originated 105 VA loans during 2023. The total origination value was $47,795,000, with an average VA loan value of $455,190.

Logan VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Logan averaged 6.41% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Logan's average VA mortgage closing costs are $7,273.

The average rate for the prior week (2024-07-12) was 6.16% and one month ago for the week of 2024-06-14, the average rate was 6.42%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.44%.

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

Logan 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 Logan level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 15 6.40% $12,690
GUILD MORTGAGE COMPANY 14 6.08% $9,650
Sierra Pacific Mortgage Company, Inc. 8 5.53% $13,278
FIRST COLONY MORTGAGE CORPORATION 8 5.84% $5,764
Mortgage Research Center, LLC 7 6.86% $9,020
INTERCAP LENDING INC. 5 6.12% $11,206
VILLAGE CAPITAL MORTGAGE 4 6.28% $14,383
NAVY FEDERAL CREDIT UNION 4 5.75% $13,181
PENNYMAC LOAN SERVICES, LLC 3 5.50% $10,876
QUICKEN LOANS, LLC 3 6.42% $13,706
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.46% $17,059
Glacier Bank 2 6.19% $20,172
GOLDENWEST 2 6.50% $6,217
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.06% $8,410
Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $29,736
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $650
USAA Federal Savings Bank 1 7.38% $2,406
LOANDEPOT.COM, LLC 1 6.63% $12,405
AMERICA FIRST 1 6.63% $3,598
American Mortgage & Equity Consultants, Inc. 1 6.63% $11,267
Bank of Utah 1 7.13% $7,245
Barrington Bank & Trust Company, N.A. 1 7.13% $99,797
Cache Valley Bank 1 6.50% $4,279
CALIBER HOME LOANS, INC. 1 6.25% $37,447
CANOPY MORTGAGE, LLC 1 6.38% $14,009
CHURCHILL MORTGAGE CORPORATION 1 6.75% $16,518
JPMorgan Chase Bank 1 6.13% $7,105
ACADEMY MORTGAGE CORPORATION 1 7.25% $113
MORTGAGEONE, INC. 1 6.63% $1,694
NBKC BANK 1 5.25% $64
NEWREZ LLC 1 6.25% $4,600
PLAZA HOME MORTGAGE, INC. 1 6.75% $4,354

The top Logan VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 15 VA loans originated. Their average total fees are $12,690, which is $3,040 higher than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Logan VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($9,650), UNITED WHOLESALE MORTGAGE, LLC ($12,690), .

The lowest rate Logan VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.08%), UNITED WHOLESALE MORTGAGE, LLC (6.40%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Logan (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 $299,325 (15.4%) $391,550 (26.1%) 0.00 219
2018-02-01 $309,450 (15.0%) $433,201 (37.5%) 0.00 212
2018-03-01 $320,000 (12.8%) $438,209 (30.6%) 0.00 220
2018-04-01 $326,675 (15.4%) $438,440 (28.0%) 0.00 257
2018-05-01 $324,900 (12.2%) $428,219 (21.7%) 0.00 285
2018-06-01 $314,000 (10.3%) $418,252 (20.5%) 0.00 345
2018-07-01 $318,875 (10.0%) $406,795 (14.5%) 0.00 361
2018-08-01 $299,950 (0.2%) $371,914 (0.3%) 0.00 363
2018-09-01 $299,250 (1.8%) $384,436 (7.0%) 0.00 360
2018-10-01 $299,475 (0.5%) $390,555 (6.6%) 0.00 357
2018-11-01 $299,900 (1.1%) $395,472 (4.3%) 0.00 343
2018-12-01 $308,499 (3.7%) $419,904 (9.5%) 0.00 291
2019-01-01 $295,975 (-1.1%) $402,629 (2.8%) 0.00 255
2019-02-01 $299,900 (-3.1%) $409,758 (-5.4%) 0.00 254
2019-03-01 $314,214 (-1.8%) $418,292 (-4.5%) 0.00 250
2019-04-01 $333,644 (2.1%) $425,139 (-3.0%) 0.00 264
2019-05-01 $346,950 (6.8%) $437,271 (2.1%) 0.00 267
2019-06-01 $341,450 (8.7%) $441,770 (5.6%) 0.00 289
2019-07-01 $332,400 (4.2%) $427,303 (5.0%) 0.00 300
2019-08-01 $325,836 (8.6%) $418,635 (12.6%) 0.00 302
2019-09-01 $319,741 (6.9%) $406,641 (5.8%) 0.00 314
2019-10-01 $318,127 (6.2%) $400,008 (2.4%) 0.00 329
2019-11-01 $319,450 (6.5%) $390,399 (-1.3%) 0.00 314
2019-12-01 $315,825 (2.4%) $381,399 (-9.2%) 0.00 275
2020-01-01 $309,900 (4.7%) $382,605 (-5.0%) 0.00 238
2020-02-01 $300,950 (0.4%) $396,064 (-3.3%) 0.00 232
2020-03-01 $315,000 (0.3%) $413,729 (-1.1%) 0.00 217
2020-04-01 $325,725 (-2.4%) $433,792 (2.0%) 0.00 242
2020-05-01 $319,900 (-7.8%) $438,334 (0.2%) 0.00 242
2020-06-01 $336,388 (-1.5%) $455,931 (3.2%) 0.00 224
2020-07-01 $339,900 (2.3%) $488,006 (14.2%) 0.00 180
2020-08-01 $350,000 (7.4%) $538,768 (28.7%) 0.00 122
2020-09-01 $351,800 (10.0%) $587,600 (44.5%) 0.00 117
2020-10-01 $367,450 (15.5%) $654,902 (63.7%) 0.00 108
2020-11-01 $389,900 (22.1%) $714,533 (83.0%) 0.00 87
2020-12-01 $369,950 (17.1%) $723,006 (89.6%) 0.00 81
2021-01-01 $415,000 (33.9%) $804,935 (110.4%) 0.00 63
2021-02-01 $512,500 (70.3%) $971,300 (145.2%) 0.00 54
2021-03-01 $461,225 (46.4%) $915,053 (121.2%) 0.00 56
2021-04-01 $479,125 (47.1%) $893,708 (106.0%) 0.00 62
2021-05-01 $477,500 (49.3%) $925,741 (111.2%) 0.00 66
2021-06-01 $512,500 (52.4%) $914,784 (100.6%) 0.00 75
2021-07-01 $519,900 (53.0%) $882,906 (80.9%) 0.00 91
2021-08-01 $453,450 (29.6%) $790,052 (46.6%) 0.00 114
2021-09-01 $471,200 (33.9%) $781,907 (33.1%) 0.00 121
2021-10-01 $499,800 (36.0%) $844,660 (29.0%) 0.00 117
2021-11-01 $520,750 (33.6%) $883,335 (23.6%) 0.00 96
2021-12-01 $512,500 (38.5%) $774,478 (7.1%) 0.00 79
2022-01-01 $495,000 (19.3%) $812,113 (0.9%) 0.00 79
2022-02-01 $529,475 (3.3%) $853,410 (-12.1%) 0.00 83
2022-03-01 $535,725 (16.2%) $910,883 (-0.5%) 0.00 71
2022-04-01 $504,450 (5.3%) $760,747 (-14.9%) 0.00 96
2022-05-01 $520,000 (8.9%) $699,528 (-24.4%) 0.00 170
2022-06-01 $532,950 (4.0%) $654,534 (-28.5%) 0.00 243
2022-07-01 $524,900 (1.0%) $618,486 (-30.0%) 0.00 313
2022-08-01 $509,500 (12.4%) $613,338 (-22.4%) 0.00 353
2022-09-01 $513,975 (9.1%) $638,292 (-18.4%) 0.00 331
2022-10-01 $499,999 (0.0%) $650,141 (-23.0%) 0.00 326
2022-11-01 $499,700 (-4.0%) $644,837 (-27.0%) 0.00 328
2022-12-01 $499,999 (-2.4%) $630,011 (-18.7%) 0.00 291
2023-01-01 $510,700 (3.2%) $617,319 (-24.0%) 0.00 258
2023-02-01 $499,900 (-5.6%) $624,248 (-26.9%) 0.00 255
2023-03-01 $499,200 (-6.8%) $615,709 (-32.4%) 0.00 266
2023-04-01 $495,000 (-1.9%) $615,789 (-19.1%) 0.00 277
2023-05-01 $492,000 (-5.4%) $611,607 (-12.6%) 0.00 281
2023-06-01 $480,000 (-9.9%) $585,764 (-10.5%) 0.00 346
2023-07-01 $485,000 (-7.6%) $584,002 (-5.6%) 0.00 362
2023-08-01 $489,500 (-3.9%) $577,089 (-5.9%) 0.00 384
2023-09-01 $499,900 (-2.7%) $629,530 (-1.4%) 0.00 377
2023-10-01 $499,675 (-0.1%) $633,000 (-2.6%) 0.00 376
2023-11-01 $499,950 (0.1%) $642,854 (-0.3%) 0.00 353
2023-12-01 $495,000 (-1.0%) $635,175 (0.8%) 0.00 311
2024-01-01 $492,450 (-3.6%) $648,562 (5.1%) 0.00 260
2024-02-01 $499,900 (0.0%) $671,018 (7.5%) 0.00 242
2024-03-01 $499,000 (0.0%) $653,458 (6.1%) 0.00 257
2024-04-01 $499,973 (1.0%) $625,350 (1.6%) 0.00 304
2024-05-01 $526,175 (7.0%) $661,520 (8.2%) 0.00 319
2024-06-01 $509,000 (6.0%) $656,185 (12.0%) 0.00 363
Logan's median listing price for 2024-06-01 was $509,000, a difference of $29,000 (6.0%) versus the prior year and $-17,175 versus the prior month.

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

Logan's average listing price for 2024-06-01 was $656,185, a difference of $70,421 (12.0%) versus the prior year and $-5,335 versus the prior month.

For the 2024-06-01 period, Logan had 363 MLS listings, a difference of 44 listings (14%) versus the prior month and 17 listings (5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Logan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,999 sqft
2018-02-01 0 days 3,059 sqft
2018-03-01 0 days 3,117 sqft
2018-04-01 0 days 3,092 sqft
2018-05-01 0 days 2,942 sqft
2018-06-01 0 days 2,890 sqft
2018-07-01 0 days 2,900 sqft
2018-08-01 0 days 2,706 sqft
2018-09-01 0 days 2,688 sqft
2018-10-01 0 days 2,676 sqft
2018-11-01 0 days 2,674 sqft
2018-12-01 0 days 2,822 sqft
2019-01-01 0 days 2,703 sqft
2019-02-01 0 days 2,644 sqft
2019-03-01 0 days 2,723 sqft
2019-04-01 0 days 2,932 sqft
2019-05-01 0 days 3,004 sqft
2019-06-01 0 days 3,090 sqft
2019-07-01 0 days 2,880 sqft
2019-08-01 0 days 2,792 sqft
2019-09-01 0 days 2,737 sqft
2019-10-01 0 days 2,695 sqft
2019-11-01 0 days 2,647 sqft
2019-12-01 0 days 2,591 sqft
2020-01-01 0 days 2,560 sqft
2020-02-01 0 days 2,432 sqft
2020-03-01 0 days 2,509 sqft
2020-04-01 0 days 2,436 sqft
2020-05-01 0 days 2,460 sqft
2020-06-01 0 days 2,585 sqft
2020-07-01 0 days 2,675 sqft
2020-08-01 0 days 2,816 sqft
2020-09-01 0 days 2,677 sqft
2020-10-01 0 days 2,737 sqft
2020-11-01 0 days 2,734 sqft
2020-12-01 0 days 2,578 sqft
2021-01-01 0 days 2,588 sqft
2021-02-01 0 days 2,811 sqft
2021-03-01 0 days 2,770 sqft
2021-04-01 0 days 2,777 sqft
2021-05-01 0 days 2,800 sqft
2021-06-01 0 days 2,818 sqft
2021-07-01 0 days 2,693 sqft
2021-08-01 0 days 2,581 sqft
2021-09-01 0 days 2,596 sqft
2021-10-01 0 days 2,734 sqft
2021-11-01 0 days 2,866 sqft
2021-12-01 0 days 2,585 sqft
2022-01-01 0 days 2,393 sqft
2022-02-01 0 days 2,613 sqft
2022-03-01 0 days 2,563 sqft
2022-04-01 0 days 2,510 sqft
2022-05-01 0 days 2,475 sqft
2022-06-01 0 days 2,480 sqft
2022-07-01 0 days 2,487 sqft
2022-08-01 0 days 2,487 sqft
2022-09-01 0 days 2,490 sqft
2022-10-01 0 days 2,500 sqft
2022-11-01 0 days 2,502 sqft
2022-12-01 0 days 2,518 sqft
2023-01-01 0 days 2,545 sqft
2023-02-01 0 days 2,593 sqft
2023-03-01 0 days 2,584 sqft
2023-04-01 0 days 2,487 sqft
2023-05-01 0 days 2,481 sqft
2023-06-01 0 days 2,417 sqft
2023-07-01 0 days 2,366 sqft
2023-08-01 0 days 2,328 sqft
2023-09-01 0 days 2,506 sqft
2023-10-01 0 days 2,549 sqft
2023-11-01 0 days 2,582 sqft
2023-12-01 0 days 2,515 sqft
2024-01-01 0 days 2,541 sqft
2024-02-01 0 days 2,580 sqft
2024-03-01 0 days 2,549 sqft
2024-04-01 0 days 2,550 sqft
2024-05-01 0 days 2,633 sqft
2024-06-01 0 days 2,520 sqft
Logan's median listing age (time on market) for 2024-06-01 was 0 days.

Logan's median square footage for active listings during the 2024-06-01 period was 2,520 sqft. One year prior, the average listing was 2,417 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.