Manitowoc VA Loan Rates, Closing Costs & Stats

Manitowoc, WI

  • 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.

    Manitowoc's 39 lenders originated 110 VA loans during 2024. The total origination value was $28,670,000, with an average VA loan value of $260,636.

    Manitowoc VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manitowoc averaged 0.5% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Manitowoc's average VA mortgage closing costs are $4,685.

    The average rate for the prior week (2025-06-13) was 6.85% and one month ago for the week of 2025-05-16, the average rate was 6.71%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.47%.

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

    Manitowoc 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 Manitowoc level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 34 6.25% $5,490
    UNITED WHOLESALE MORTGAGE, LLC 9 6.06% $6,081
    FREEDOM MORTGAGE CORPORATION 7 6.21% $5,697
    QUICKEN LOANS, LLC 6 6.41% $11,246
    PENNYMAC LOAN SERVICES, LLC 5 5.55% $6,174
    GUILD MORTGAGE COMPANY 4 6.97% $6,195
    GUARANTEED RATE, INC. 4 6.23% $3,889
    USAA Federal Savings Bank 3 6.29% $4,097
    FIRST COLONY MORTGAGE CORPORATION 3 6.50% $7,263
    NAVY FEDERAL CREDIT UNION 3 6.25% $3,295
    CIBM Bank 2 6.88% $9,430
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $1,223
    HOMESIDE FINANCIAL, LLC 1 6.75% $17,597
    LOANDEPOT.COM, LLC 1 7.13% $5,177
    MOVEMENT MORTGAGE, LLC 1 7.25% $6,336
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $3,744
    NEW DAY FINANCIAL, LLC 1 7.99% $7,988
    NEWREZ LLC 1 6.75% $16,180
    OCEANSIDE MORTGAGE COMPANY 1 6.63% $862
    Paramount Residential Mortgage Group, Inc. 1 7.13% $3,442
    PLANET HOME LENDING, LLC 1 6.88% $6,322
    POINT Mortgage 1 7.00% $575
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $3,390
    UNION HOME MORTGAGE CORP. 1 6.00% $10,277
    U.S. Bank 1 6.63% $10,644
    VILLAGE CAPITAL MORTGAGE 1 5.25% $2,900
    Waterstone Mortgage Corporation 1 7.25% $11,263
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.00% $3,689
    Wells Fargo Bank 1 6.50% $1,644
    Armed Forces Bank 1 6.63% $2,851
    Associated Bank 1 6.50% $584
    Bell Bank 1 7.75% $3,363
    BROKER SOLUTIONS, INC. 1 6.25% $7,990
    CARDINAL FINANCIAL 1 7.25% $12,863
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $3,959
    ENVOY MORTGAGE, LTD 1 7.13% $8,482
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $1,335
    First Federal Bank 1 6.00% $12,810
    Flagstar Bank, FSB 1 6.63% $3,093

    The top Manitowoc VA lender as defined by loan originations is Mortgage Research Center, LLC, with 34 VA loans originated. Their average total fees are $5,490, which is $591 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Manitowoc VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,490), .

    The lowest rate Manitowoc VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.25%), .

    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.