Manhattan VA Loan Rates, Closing Costs & Stats
MANHATTAN, KS
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.
Manhattan's 67 lenders originated 696 VA loans during 2023. The total origination value was $167,610,000, with an average VA loan value of $240,819.
Manhattan VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Manhattan
averaged
-0.13%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Manhattan's average VA mortgage closing costs are $5,098.
The average rate for the prior week (2024-11-22) was
6.54% and
one month ago for the week of 2024-10-25, the
average rate was 6.24%.
The average rate one year ago was 7.08%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Manhattan 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 Manhattan level.
The top Manhattan VA lender as defined by loan originations is Mortgage Research Center, LLC, with
167 VA loans originated. Their average total fees are
$5,457, which is $130
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Manhattan VA lenders (with over 10 loans originated) are
Central National Bank ($2,870), Landmark National Bank ($4,808), MOVEMENT MORTGAGE, LLC ($4,844), NAVY FEDERAL CREDIT UNION ($4,953) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,327).
The lowest rate Manhattan VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.35%), NAVY FEDERAL CREDIT UNION (5.85%), Exchange Bank (6.12%), USAA Federal Savings Bank (6.13%) and QUICKEN LOANS, LLC (6.38%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Manhattan (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $169,900 (0.0%) | $196,155 (-7.3%) | 0.00 | 663 |
2018-02-01 | $169,923 (-2.9%) | $200,244 (-6.3%) | 0.00 | 653 |
2018-03-01 | $174,900 (-4.1%) | $201,185 (-5.8%) | 0.00 | 722 |
2018-04-01 | $175,000 (-2.8%) | $202,865 (-5.1%) | 0.00 | 778 |
2018-05-01 | $175,000 (-3.3%) | $202,384 (-4.8%) | 0.00 | 805 |
2018-06-01 | $169,900 (-7.8%) | $199,761 (-6.5%) | 0.00 | 810 |
2018-07-01 | $170,725 (-7.2%) | $200,227 (-6.0%) | 0.00 | 770 |
2018-08-01 | $172,450 (-4.2%) | $201,190 (-4.4%) | 0.00 | 771 |
2018-09-01 | $175,000 (-2.7%) | $200,648 (-3.9%) | 0.00 | 766 |
2018-10-01 | $170,000 (-4.4%) | $201,206 (-2.5%) | 0.00 | 734 |
2018-11-01 | $170,000 (-2.9%) | $200,733 (-1.7%) | 0.00 | 714 |
2018-12-01 | $169,900 (-0.1%) | $200,834 (1.6%) | 0.00 | 675 |
2019-01-01 | $165,600 (-2.5%) | $200,554 (2.2%) | 0.00 | 645 |
2019-02-01 | $179,300 (5.5%) | $256,282 (28.0%) | 0.00 | 696 |
2019-03-01 | $179,300 (2.5%) | $248,595 (23.6%) | 0.00 | 719 |
2019-04-01 | $178,200 (1.8%) | $237,273 (17.0%) | 0.00 | 736 |
2019-05-01 | $178,950 (2.3%) | $239,245 (18.2%) | 0.00 | 756 |
2019-06-01 | $173,000 (1.8%) | $230,050 (15.2%) | 0.00 | 753 |
2019-07-01 | $170,675 (0.0%) | $227,180 (13.5%) | 0.00 | 763 |
2019-08-01 | $171,300 (-0.7%) | $228,030 (13.3%) | 0.00 | 745 |
2019-09-01 | $173,325 (-1.0%) | $229,404 (14.3%) | 0.00 | 716 |
2019-10-01 | $174,450 (2.6%) | $231,043 (14.8%) | 0.00 | 686 |
2019-11-01 | $169,900 (-0.1%) | $228,092 (13.6%) | 0.00 | 616 |
2019-12-01 | $169,900 (0.0%) | $233,425 (16.2%) | 0.00 | 569 |
2020-01-01 | $169,700 (2.5%) | $229,574 (14.5%) | 0.00 | 533 |
2020-02-01 | $170,000 (-5.2%) | $235,907 (-8.0%) | 0.00 | 529 |
2020-03-01 | $179,450 (0.1%) | $239,435 (-3.7%) | 0.00 | 559 |
2020-04-01 | $179,800 (0.9%) | $241,860 (1.9%) | 0.00 | 537 |
2020-05-01 | $185,000 (3.4%) | $247,376 (3.4%) | 0.00 | 492 |
2020-06-01 | $189,450 (9.5%) | $259,269 (12.7%) | 0.00 | 430 |
2020-07-01 | $185,000 (8.4%) | $258,621 (13.8%) | 0.00 | 424 |
2020-08-01 | $184,500 (7.7%) | $261,358 (14.6%) | 0.00 | 409 |
2020-09-01 | $169,350 (-2.3%) | $223,930 (-2.4%) | 0.00 | 366 |
2020-10-01 | $169,900 (-2.6%) | $225,167 (-2.5%) | 0.00 | 337 |
2020-11-01 | $177,350 (4.4%) | $225,494 (-1.1%) | 0.00 | 316 |
2020-12-01 | $170,000 (0.1%) | $225,192 (-3.5%) | 0.00 | 280 |
2021-01-01 | $177,000 (4.3%) | $232,065 (1.1%) | 0.00 | 246 |
2021-02-01 | $180,000 (5.9%) | $232,016 (-1.7%) | 0.00 | 206 |
2021-03-01 | $187,750 (4.6%) | $242,103 (1.1%) | 0.00 | 202 |
2021-04-01 | $197,300 (9.7%) | $253,083 (4.6%) | 0.00 | 194 |
2021-05-01 | $205,000 (10.8%) | $262,990 (6.3%) | 0.00 | 206 |
2021-06-01 | $205,000 (8.2%) | $238,909 (-7.9%) | 0.00 | 242 |
2021-07-01 | $186,250 (0.7%) | $237,517 (-8.2%) | 0.00 | 275 |
2021-08-01 | $180,000 (-2.4%) | $227,551 (-12.9%) | 0.00 | 311 |
2021-09-01 | $192,500 (13.7%) | $230,679 (3.0%) | 0.00 | 330 |
2021-10-01 | $185,000 (8.9%) | $231,651 (2.9%) | 0.00 | 302 |
2021-11-01 | $196,875 (11.0%) | $238,555 (5.8%) | 0.00 | 253 |
2021-12-01 | $188,250 (10.7%) | $384,085 (70.6%) | 0.00 | 210 |
2022-01-01 | $164,500 (-7.1%) | $429,970 (85.3%) | 0.00 | 155 |
2022-02-01 | $202,450 (12.5%) | $491,080 (111.7%) | 0.00 | 130 |
2022-03-01 | $239,925 (27.8%) | $279,814 (15.6%) | 0.00 | 145 |
2022-04-01 | $230,000 (16.6%) | $273,205 (8.0%) | 0.00 | 166 |
2022-05-01 | $225,000 (9.8%) | $271,105 (3.1%) | 0.00 | 190 |
2022-06-01 | $232,500 (13.4%) | $274,767 (15.0%) | 0.00 | 223 |
2022-07-01 | $240,000 (28.9%) | $277,799 (17.0%) | 0.00 | 237 |
2022-08-01 | $239,950 (33.3%) | $273,540 (20.2%) | 0.00 | 258 |
2022-09-01 | $233,500 (21.3%) | $271,073 (17.5%) | 0.00 | 245 |
2022-10-01 | $240,000 (29.7%) | $275,246 (18.8%) | 0.00 | 225 |
2022-11-01 | $229,900 (16.8%) | $264,508 (10.9%) | 0.00 | 256 |
2022-12-01 | $229,900 (22.1%) | $264,976 (-31.0%) | 0.00 | 251 |
2023-01-01 | $231,625 (40.8%) | $269,872 (-37.2%) | 0.00 | 224 |
2023-02-01 | $264,000 (30.4%) | $289,977 (-41.0%) | 0.00 | 207 |
2023-03-01 | $275,000 (14.6%) | $311,229 (11.2%) | 0.00 | 197 |
2023-04-01 | $270,000 (17.4%) | $315,817 (15.6%) | 0.00 | 202 |
2023-05-01 | $278,250 (23.7%) | $313,443 (15.6%) | 0.00 | 224 |
2023-06-01 | $278,000 (19.6%) | $306,281 (11.5%) | 0.00 | 241 |
2023-07-01 | $267,000 (11.3%) | $301,577 (8.6%) | 0.00 | 249 |
2023-08-01 | $261,225 (8.9%) | $300,666 (9.9%) | 0.00 | 264 |
2023-09-01 | $239,000 (2.4%) | $286,098 (5.5%) | 0.00 | 258 |
2023-10-01 | $222,238 (-7.4%) | $270,363 (-1.8%) | 0.00 | 268 |
2023-11-01 | $222,500 (-3.2%) | $271,510 (2.7%) | 0.00 | 283 |
2023-12-01 | $225,000 (-2.1%) | $267,524 (1.0%) | 0.00 | 276 |
2024-01-01 | $233,675 (0.9%) | $275,626 (2.1%) | 0.00 | 256 |
2024-02-01 | $241,250 (-8.6%) | $291,038 (0.4%) | 0.00 | 232 |
2024-03-01 | $259,900 (-5.5%) | $311,880 (0.2%) | 0.00 | 219 |
2024-04-01 | $288,750 (6.9%) | $327,867 (3.8%) | 0.00 | 245 |
2024-05-01 | $285,000 (2.4%) | $337,623 (7.7%) | 0.00 | 256 |
2024-06-01 | $274,500 (-1.3%) | $321,275 (4.9%) | 0.00 | 286 |
2024-07-01 | $272,200 (2.0%) | $311,018 (3.1%) | 0.00 | 296 |
2024-08-01 | $274,000 (4.9%) | $303,653 (1.0%) | 0.00 | 275 |
2024-09-01 | $277,500 (16.1%) | $311,072 (8.7%) | 0.00 | 277 |
2024-10-01 | $274,338 (23.4%) | $310,914 (15.0%) | 0.00 | 280 |
Manhattan's median listing price comes in at 0% of the national average.
Manhattan's average listing price for 2024-10-01 was $310,914, a difference of $40,551 (15.0%) versus the prior year and $-158 versus the prior month.
For the 2024-10-01 period, Manhattan had 280 MLS listings, a difference of 3 listings (1%) versus the prior month and 12 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Manhattan (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,018 sqft |
2018-02-01 | 0 days | 2,070 sqft |
2018-03-01 | 0 days | 2,082 sqft |
2018-04-01 | 0 days | 2,091 sqft |
2018-05-01 | 0 days | 2,086 sqft |
2018-06-01 | 0 days | 2,091 sqft |
2018-07-01 | 0 days | 2,091 sqft |
2018-08-01 | 0 days | 2,054 sqft |
2018-09-01 | 0 days | 2,054 sqft |
2018-10-01 | 0 days | 2,051 sqft |
2018-11-01 | 0 days | 2,045 sqft |
2018-12-01 | 0 days | 2,020 sqft |
2019-01-01 | 0 days | 1,999 sqft |
2019-02-01 | 0 days | 1,939 sqft |
2019-03-01 | 0 days | 1,941 sqft |
2019-04-01 | 0 days | 1,958 sqft |
2019-05-01 | 0 days | 1,961 sqft |
2019-06-01 | 0 days | 1,963 sqft |
2019-07-01 | 0 days | 1,961 sqft |
2019-08-01 | 0 days | 1,959 sqft |
2019-09-01 | 0 days | 1,957 sqft |
2019-10-01 | 0 days | 1,958 sqft |
2019-11-01 | 0 days | 1,944 sqft |
2019-12-01 | 0 days | 1,935 sqft |
2020-01-01 | 0 days | 1,934 sqft |
2020-02-01 | 0 days | 1,917 sqft |
2020-03-01 | 0 days | 1,923 sqft |
2020-04-01 | 0 days | 1,882 sqft |
2020-05-01 | 0 days | 1,908 sqft |
2020-06-01 | 0 days | 1,971 sqft |
2020-07-01 | 0 days | 1,946 sqft |
2020-08-01 | 0 days | 1,950 sqft |
2020-09-01 | 0 days | 1,995 sqft |
2020-10-01 | 0 days | 2,060 sqft |
2020-11-01 | 0 days | 2,001 sqft |
2020-12-01 | 0 days | 1,959 sqft |
2021-01-01 | 0 days | 1,915 sqft |
2021-02-01 | 0 days | 1,908 sqft |
2021-03-01 | 0 days | 1,904 sqft |
2021-04-01 | 0 days | 1,958 sqft |
2021-05-01 | 0 days | 2,016 sqft |
2021-06-01 | 0 days | 2,045 sqft |
2021-07-01 | 0 days | 1,966 sqft |
2021-08-01 | 0 days | 1,918 sqft |
2021-09-01 | 0 days | 1,950 sqft |
2021-10-01 | 0 days | 1,989 sqft |
2021-11-01 | 0 days | 1,988 sqft |
2021-12-01 | 0 days | 1,987 sqft |
2022-01-01 | 0 days | 1,888 sqft |
2022-02-01 | 0 days | 1,840 sqft |
2022-03-01 | 0 days | 1,926 sqft |
2022-04-01 | 0 days | 1,944 sqft |
2022-05-01 | 0 days | 1,970 sqft |
2022-06-01 | 0 days | 1,988 sqft |
2022-07-01 | 0 days | 2,026 sqft |
2022-08-01 | 0 days | 2,030 sqft |
2022-09-01 | 0 days | 2,014 sqft |
2022-10-01 | 0 days | 2,187 sqft |
2022-11-01 | 0 days | 2,146 sqft |
2022-12-01 | 0 days | 2,143 sqft |
2023-01-01 | 0 days | 2,178 sqft |
2023-02-01 | 0 days | 2,135 sqft |
2023-03-01 | 0 days | 2,251 sqft |
2023-04-01 | 0 days | 2,240 sqft |
2023-05-01 | 0 days | 2,150 sqft |
2023-06-01 | 0 days | 2,182 sqft |
2023-07-01 | 0 days | 2,184 sqft |
2023-08-01 | 0 days | 2,117 sqft |
2023-09-01 | 0 days | 2,016 sqft |
2023-10-01 | 0 days | 1,960 sqft |
2023-11-01 | 0 days | 1,984 sqft |
2023-12-01 | 0 days | 1,952 sqft |
2024-01-01 | 0 days | 1,975 sqft |
2024-02-01 | 0 days | 2,016 sqft |
2024-03-01 | 0 days | 2,179 sqft |
2024-04-01 | 0 days | 2,201 sqft |
2024-05-01 | 0 days | 2,228 sqft |
2024-06-01 | 0 days | 2,160 sqft |
2024-07-01 | 0 days | 2,180 sqft |
2024-08-01 | 0 days | 2,114 sqft |
2024-09-01 | 0 days | 2,063 sqft |
2024-10-01 | 0 days | 2,074 sqft |
Manhattan's median square footage for active listings during the 2024-10-01 period was 2,074 sqft. One year prior, the average listing was 1,960 sqft.