Manitowoc VA Loan Rates, Closing Costs & Stats

Manitowoc, WI

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 33 lenders originated 74 VA loans during 2023. The total origination value was $17,470,000, with an average VA loan value of $236,081.

    Manitowoc VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manitowoc averaged 0.41% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Manitowoc's average VA mortgage closing costs are $4,446.

    The average rate for the prior week (2024-11-08) was 6.71% and one month ago for the week of 2024-10-11, the average rate was 6.28%.

    The average rate one year ago was 7.67%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 28 6.89% $5,774
    NEW DAY FINANCIAL, LLC 4 7.59% $8,602
    UNITED WHOLESALE MORTGAGE, LLC 3 6.46% $6,704
    QUICKEN LOANS, LLC 3 6.42% $8,108
    PENNYMAC LOAN SERVICES, LLC 2 6.19% $10,810
    Wells Fargo Bank 2 6.25% $8,330
    NEWREZ LLC 2 6.69% $14,227
    USAA Federal Savings Bank 2 7.19% $2,493
    Paramount Residential Mortgage Group, Inc. 2 6.06% $5,992
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $3,614
    ENVOY MORTGAGE, LTD 1 7.50% $4,535
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.88% $6,507
    Flagstar Bank, FSB 1 5.50% $4,963
    FREEDOM MORTGAGE CORPORATION 1 6.38% $1,526
    GUARANTEED RATE, INC. 1 7.75% $15,809
    Ixonia Bank 1 6.50% $3,559
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $4,443
    NAVY FEDERAL CREDIT UNION 1 6.50% $5,918
    ROYAL UNITED MORTGAGE LLC 1 6.25% $24,757
    Servion, Inc. 1 7.25% $6,934
    The Huntington National Bank 1 7.13% $9,197
    U.S. Bank 1 6.25% $3,091
    VILLAGE CAPITAL MORTGAGE 1 6.50% $1,790
    Waterstone Mortgage Corporation 1 6.13% $14,027
    LOANDEPOT.COM, LLC 1 6.75% $9,929
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $6,090
    Associated Bank 1 6.38% $17,135
    Bank First, N.A. 1 6.63% $4,138
    Barrington Bank & Trust Company, N.A. 1 5.63% $805
    BROKER SOLUTIONS, INC. 1 7.25% $8,964
    CARDINAL FINANCIAL 1 6.25% $19,417
    CHERRY CREEK MORTGAGE, LLC 1 6.25% $625
    CONTOUR MORTGAGE CORPORATION 1 6.63% $5,732

    The top Manitowoc VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $5,774, which is $2,828 lower than the next largest lender, NEW DAY FINANCIAL, LLC.

    The lowest fee Manitowoc VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,774), .

    The lowest rate Manitowoc VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.89%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Manitowoc (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 $114,450 (4.1%) $165,972 (10.3%) 0.00 291
    2018-02-01 $118,000 (9.4%) $182,810 (22.3%) 0.00 229
    2018-03-01 $134,900 (25.8%) $199,691 (29.6%) 0.00 225
    2018-04-01 $124,925 (18.5%) $201,400 (32.1%) 0.00 218
    2018-05-01 $130,200 (17.4%) $208,130 (33.1%) 0.00 217
    2018-06-01 $130,200 (13.5%) $217,444 (33.2%) 0.00 232
    2018-07-01 $138,725 (17.9%) $227,215 (36.5%) 0.00 251
    2018-08-01 $134,900 (12.5%) $218,422 (27.3%) 0.00 264
    2018-09-01 $129,900 (8.4%) $217,665 (26.6%) 0.00 261
    2018-10-01 $135,350 (13.9%) $207,008 (17.8%) 0.00 270
    2018-11-01 $132,450 (15.3%) $198,504 (14.7%) 0.00 249
    2018-12-01 $135,000 (17.5%) $202,553 (19.3%) 0.00 250
    2019-01-01 $136,675 (19.4%) $211,874 (27.7%) 0.00 230
    2019-02-01 $131,175 (11.2%) $212,478 (16.2%) 0.00 205
    2019-03-01 $137,786 (2.1%) $221,486 (10.9%) 0.00 204
    2019-04-01 $144,900 (16.0%) $234,445 (16.4%) 0.00 252
    2019-05-01 $154,700 (18.8%) $258,992 (24.4%) 0.00 182
    2019-06-01 $169,900 (30.5%) $260,045 (19.6%) 0.00 191
    2019-07-01 $178,075 (28.4%) $269,644 (18.7%) 0.00 203
    2019-08-01 $169,609 (25.7%) $259,775 (18.9%) 0.00 200
    2019-09-01 $159,648 (22.9%) $252,302 (15.9%) 0.00 209
    2019-10-01 $150,900 (11.5%) $245,224 (18.5%) 0.00 217
    2019-11-01 $145,900 (10.2%) $238,078 (19.9%) 0.00 209
    2019-12-01 $144,533 (7.1%) $238,074 (17.5%) 0.00 194
    2020-01-01 $141,175 (3.3%) $233,376 (10.2%) 0.00 175
    2020-02-01 $139,900 (6.7%) $233,931 (10.1%) 0.00 161
    2020-03-01 $138,750 (0.7%) $220,267 (-0.6%) 0.00 147
    2020-04-01 $143,700 (-0.8%) $236,543 (0.9%) 0.00 142
    2020-05-01 $176,500 (14.1%) $236,079 (-8.9%) 0.00 139
    2020-06-01 $195,950 (15.3%) $254,030 (-2.3%) 0.00 128
    2020-07-01 $185,725 (4.3%) $244,227 (-9.4%) 0.00 118
    2020-08-01 $179,900 (6.1%) $235,654 (-9.3%) 0.00 107
    2020-09-01 $184,450 (15.5%) $237,422 (-5.9%) 0.00 115
    2020-10-01 $179,900 (19.2%) $246,305 (0.4%) 0.00 110
    2020-11-01 $167,425 (14.8%) $243,806 (2.4%) 0.00 92
    2020-12-01 $164,950 (14.1%) $230,398 (-3.2%) 0.00 78
    2021-01-01 $167,400 (18.6%) $239,727 (2.7%) 0.00 67
    2021-02-01 $186,000 (33.0%) $269,732 (15.3%) 0.00 49
    2021-03-01 $182,425 (31.5%) $268,141 (21.7%) 0.00 52
    2021-04-01 $172,800 (20.3%) $274,666 (16.1%) 0.00 59
    2021-05-01 $214,900 (21.8%) $295,192 (25.0%) 0.00 71
    2021-06-01 $225,000 (14.8%) $292,432 (15.1%) 0.00 92
    2021-07-01 $224,900 (21.1%) $291,294 (19.3%) 0.00 104
    2021-08-01 $207,450 (15.3%) $279,356 (18.6%) 0.00 113
    2021-09-01 $193,350 (4.8%) $283,111 (19.2%) 0.00 106
    2021-10-01 $182,500 (1.5%) $267,698 (8.7%) 0.00 111
    2021-11-01 $167,400 (0.0%) $273,529 (12.2%) 0.00 110
    2021-12-01 $165,450 (0.3%) $277,239 (20.3%) 0.00 88
    2022-01-01 $169,450 (1.2%) $272,154 (13.5%) 0.00 64
    2022-02-01 $187,400 (0.8%) $271,511 (0.7%) 0.00 53
    2022-03-01 $191,000 (4.7%) $275,417 (2.7%) 0.00 61
    2022-04-01 $189,000 (9.4%) $287,848 (4.8%) 0.00 61
    2022-05-01 $207,875 (-3.3%) $275,160 (-6.8%) 0.00 72
    2022-06-01 $228,650 (1.6%) $292,003 (-0.2%) 0.00 70
    2022-07-01 $239,900 (6.7%) $281,481 (-3.4%) 0.00 93
    2022-08-01 $229,650 (10.7%) $285,012 (2.0%) 0.00 91
    2022-09-01 $208,725 (8.0%) $280,271 (-1.0%) 0.00 86
    2022-10-01 $220,000 (20.6%) $276,774 (3.4%) 0.00 87
    2022-11-01 $249,950 (49.3%) $292,256 (6.9%) 0.00 82
    2022-12-01 $249,900 (51.0%) $280,024 (1.0%) 0.00 65
    2023-01-01 $279,000 (64.7%) $298,791 (9.8%) 0.00 56
    2023-02-01 $269,950 (44.1%) $322,614 (18.8%) 0.00 53
    2023-03-01 $249,900 (30.8%) $303,233 (10.1%) 0.00 73
    2023-04-01 $229,900 (21.6%) $275,489 (-4.3%) 0.00 95
    2023-05-01 $238,650 (14.8%) $277,995 (1.0%) 0.00 101
    2023-06-01 $217,950 (-4.7%) $294,971 (1.0%) 0.00 117
    2023-07-01 $244,500 (1.9%) $308,340 (9.5%) 0.00 120
    2023-08-01 $244,450 (6.4%) $312,004 (9.5%) 0.00 118
    2023-09-01 $269,900 (29.3%) $315,396 (12.5%) 0.00 114
    2023-10-01 $259,475 (17.9%) $312,512 (12.9%) 0.00 137
    2023-11-01 $227,700 (-8.9%) $291,435 (-0.3%) 0.00 145
    2023-12-01 $242,200 (-3.1%) $303,218 (8.3%) 0.00 129
    2024-01-01 $241,050 (-13.6%) $313,992 (5.1%) 0.00 105
    2024-02-01 $231,675 (-14.2%) $308,030 (-4.5%) 0.00 108
    2024-03-01 $254,900 (2.0%) $328,728 (8.4%) 0.00 129
    2024-04-01 $288,500 (25.5%) $358,674 (30.2%) 0.00 141
    2024-05-01 $309,725 (29.8%) $372,856 (34.1%) 0.00 152
    2024-06-01 $284,900 (30.7%) $353,102 (19.7%) 0.00 167
    2024-07-01 $261,500 (7.0%) $341,297 (10.7%) 0.00 162
    2024-08-01 $260,850 (6.7%) $344,104 (10.3%) 0.00 168
    2024-09-01 $277,225 (2.7%) $355,897 (12.8%) 0.00 181
    2024-10-01 $264,900 (2.1%) $331,553 (6.1%) 0.00 182
    Manitowoc's median listing price for 2024-10-01 was $264,900, a difference of $5,425 (2.1%) versus the prior year and $-12,325 versus the prior month.

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

    Manitowoc's average listing price for 2024-10-01 was $331,553, a difference of $19,041 (6.1%) versus the prior year and $-24,344 versus the prior month.

    For the 2024-10-01 period, Manitowoc had 182 MLS listings, a difference of 1 listings (1%) versus the prior month and 45 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Manitowoc (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,519 sqft
    2018-02-01 0 days 1,544 sqft
    2018-03-01 0 days 1,578 sqft
    2018-04-01 0 days 1,587 sqft
    2018-05-01 0 days 1,599 sqft
    2018-06-01 0 days 1,647 sqft
    2018-07-01 0 days 1,676 sqft
    2018-08-01 0 days 1,699 sqft
    2018-09-01 0 days 1,805 sqft
    2018-10-01 0 days 1,795 sqft
    2018-11-01 0 days 1,708 sqft
    2018-12-01 0 days 1,714 sqft
    2019-01-01 0 days 1,662 sqft
    2019-02-01 0 days 1,655 sqft
    2019-03-01 0 days 1,695 sqft
    2019-04-01 0 days 1,726 sqft
    2019-05-01 0 days 1,805 sqft
    2019-06-01 0 days 1,830 sqft
    2019-07-01 0 days 1,819 sqft
    2019-08-01 0 days 1,751 sqft
    2019-09-01 0 days 1,740 sqft
    2019-10-01 0 days 1,726 sqft
    2019-11-01 0 days 1,687 sqft
    2019-12-01 0 days 1,677 sqft
    2020-01-01 0 days 1,614 sqft
    2020-02-01 0 days 1,632 sqft
    2020-03-01 0 days 1,597 sqft
    2020-04-01 0 days 1,633 sqft
    2020-05-01 0 days 1,661 sqft
    2020-06-01 0 days 1,785 sqft
    2020-07-01 0 days 1,850 sqft
    2020-08-01 0 days 1,835 sqft
    2020-09-01 0 days 1,856 sqft
    2020-10-01 0 days 1,847 sqft
    2020-11-01 0 days 1,631 sqft
    2020-12-01 0 days 1,562 sqft
    2021-01-01 0 days 1,560 sqft
    2021-02-01 0 days 1,571 sqft
    2021-03-01 0 days 1,600 sqft
    2021-04-01 0 days 1,606 sqft
    2021-05-01 0 days 1,659 sqft
    2021-06-01 0 days 1,638 sqft
    2021-07-01 0 days 1,666 sqft
    2021-08-01 0 days 1,661 sqft
    2021-09-01 0 days 1,657 sqft
    2021-10-01 0 days 1,598 sqft
    2021-11-01 0 days 1,566 sqft
    2021-12-01 0 days 1,511 sqft
    2022-01-01 0 days 1,575 sqft
    2022-02-01 0 days 1,659 sqft
    2022-03-01 0 days 1,634 sqft
    2022-04-01 0 days 1,650 sqft
    2022-05-01 0 days 1,729 sqft
    2022-06-01 0 days 1,723 sqft
    2022-07-01 0 days 1,676 sqft
    2022-08-01 0 days 1,629 sqft
    2022-09-01 0 days 1,613 sqft
    2022-10-01 0 days 1,671 sqft
    2022-11-01 0 days 1,712 sqft
    2022-12-01 0 days 1,670 sqft
    2023-01-01 0 days 1,690 sqft
    2023-02-01 0 days 1,695 sqft
    2023-03-01 0 days 1,620 sqft
    2023-04-01 0 days 1,524 sqft
    2023-05-01 0 days 1,601 sqft
    2023-06-01 0 days 1,576 sqft
    2023-07-01 0 days 1,638 sqft
    2023-08-01 0 days 1,680 sqft
    2023-09-01 0 days 1,694 sqft
    2023-10-01 0 days 1,642 sqft
    2023-11-01 0 days 1,615 sqft
    2023-12-01 0 days 1,639 sqft
    2024-01-01 0 days 1,647 sqft
    2024-02-01 0 days 1,509 sqft
    2024-03-01 0 days 1,638 sqft
    2024-04-01 0 days 1,799 sqft
    2024-05-01 0 days 1,930 sqft
    2024-06-01 0 days 1,778 sqft
    2024-07-01 0 days 1,762 sqft
    2024-08-01 0 days 1,716 sqft
    2024-09-01 0 days 1,803 sqft
    2024-10-01 0 days 1,720 sqft
    Manitowoc's median listing age (time on market) for 2024-10-01 was 0 days.

    Manitowoc's median square footage for active listings during the 2024-10-01 period was 1,720 sqft. One year prior, the average listing was 1,642 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.