Manitowoc VA Loan Rates, Closing Costs & Stats

Manitowoc, WI

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 38 lenders originated 99 VA loans during 2022. The total origination value was $19,875,000, with an average VA loan value of $200,758.

Manitowoc VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Manitowoc averaged 6% for the week of 2024-03-15, compared to the national average (all VA variants) of 6.439% for the same period.

Manitowoc's average VA mortgage closing costs are $4,101.

The average rate for the prior week (2024-03-08) was 6.11% and one month ago for the week of 2024-02-09, the average rate was 6.18%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-03-15, the average rate was 5.39%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 26 4.96% $6,050
QUICKEN LOANS, LLC 13 4.19% $8,414
NAVY FEDERAL CREDIT UNION 5 4.00% $3,675
UNITED WHOLESALE MORTGAGE, LLC 4 5.10% $4,548
INLANTA MORTGAGE, INC. 3 5.29% $5,039
FINANCE OF AMERICA MORTGAGE LLC 3 3.67% $3,753
Nations Lending Corporation 3 6.42% $1,987
USAA Federal Savings Bank 3 2.83% $4,095
NEW DAY FINANCIAL, LLC 2 2.81% $3,166
Paramount Residential Mortgage Group, Inc. 2 6.06% $11,611
CARDINAL FINANCIAL 2 5.25% $6,725
GUARANTEED RATE, INC. 2 6.69% $3,604
Bank First, N.A. 2 3.50% $5,321
Servion, Inc. 2 4.63% $9,357
Waterstone Mortgage Corporation 2 5.63% $7,800
BROKER SOLUTIONS, INC. 2 4.56% $7,362
PLUS RELOCATION MORTGAGE, LLC 1 5.75% $21,063
PREMIA MORTGAGE, LLC 1 6.00% $5,961
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.25% $2,906
The Federal Savings Bank 1 4.75% $13,943
U.S. Bank 1 5.00% $14,486
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $13,263
WISCONSIN MORTGAGE CORPORATION 1 5.63% $8,859
AMERISAVE MORTGAGE CORPORATION 1 2.63% $15,971
Associated Bank 1 5.00% $1,259
Barrington Bank & Trust Company, N.A. 1 2.68% $2,386
Citizens Bank 1 7.25% $4,637
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $1,522
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.25% $1,817
First Federal Bank 1 7.50% $3,710
FREEDOM MORTGAGE CORPORATION 1 3.13% $1,319
GUARANTEED RATE AFFINITY, LLC 1 5.13% $4,608
LAKEVIEW LOAN SERVICING, LLC 1 3.13% $2,115
Mr. Cooper ( Nationstar Mortgage ) 1 4.50% $5,480
NEWREZ LLC 1 2.99% $808
PENNYMAC LOAN SERVICES, LLC 1 5.00% $8,345
PENTAGON FEDERAL CREDIT UNION 1 3.50% $2,398
PLAZA HOME MORTGAGE, INC. 1 5.13% $7,504

The top Manitowoc VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $6,050, which is $2,364 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Manitowoc VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,050), QUICKEN LOANS, LLC ($8,414), .

The lowest rate Manitowoc VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.19%), Mortgage Research Center, LLC (4.96%), .


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
Manitowoc's median listing price for 2024-01-01 was $241,050, a difference of $-37,950 (-13.6%) versus the prior year and $-1,150 versus the prior month.

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

Manitowoc's average listing price for 2024-01-01 was $313,992, a difference of $15,201 (5.1%) versus the prior year and $10,774 versus the prior month.

For the 2024-01-01 period, Manitowoc had 105 MLS listings, a difference of -24 listings (-19%) versus the prior month and 49 listings (88%) 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
Manitowoc's median listing age (time on market) for 2024-01-01 was 0 days.

Manitowoc's median square footage for active listings during the 2024-01-01 period was 1,647 sqft. One year prior, the average listing was 1,690 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.