Marinette VA Loan Rates, Closing Costs & Stats

Marinette, WI-MI

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.

Marinette's 25 lenders originated 99 VA loans during 2022. The total origination value was $19,335,000, with an average VA loan value of $195,303.

Marinette VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Marinette averaged 6.35% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Marinette's average VA mortgage closing costs are $3,856.

The average rate for the prior week (2024-02-23) was 6.48% and one month ago for the week of 2024-01-26, the average rate was 6.31%.

The average rate one year ago was 6.05%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.29%.

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

Marinette 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 Marinette level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 29 5.47% $4,444
UNITED WHOLESALE MORTGAGE, LLC 11 4.45% $4,873
FINANCE OF AMERICA MORTGAGE LLC 10 4.87% $3,526
QUICKEN LOANS, LLC 10 4.91% $6,954
NEW DAY FINANCIAL, LLC 5 4.62% $7,832
USAA Federal Savings Bank 4 4.75% $3,858
NAVY FEDERAL CREDIT UNION 4 3.75% $1,149
Flagstar Bank, FSB 4 4.19% $4,801
PENNYMAC LOAN SERVICES, LLC 2 4.69% $9,119
FREEDOM MORTGAGE CORPORATION 2 3.50% $2,302
Mr. Cooper ( Nationstar Mortgage ) 2 5.25% $5,562
NEWREZ LLC 1 4.50% $8,906
Sierra Pacific Mortgage Company, Inc. 1 3.25% $8,588
AMERISAVE MORTGAGE CORPORATION 1 5.13% $8,761
Wells Fargo Bank 1 6.13% $3,960
Associated Bank 1 4.88% $3,321
CALIBER HOME LOANS, INC. 1 5.25% $17,249
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $3,092
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.63% $8,185
GUARANTEED RATE, INC. 1 3.00% $1,406
Ixonia Bank 1 4.00% $2,470
LAKEVIEW LOAN SERVICING, LLC 1 3.50% $3,491
LOANDEPOT.COM, LLC 1 4.75% $13,081
Mid-Continent Funding, Inc. 1 5.50% $4,853
Nations Lending Corporation 1 5.25% $9,094

The top Marinette VA lender as defined by loan originations is Mortgage Research Center, LLC, with 29 VA loans originated. Their average total fees are $4,444, which is $429 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Marinette VA lenders (with over 10 loans originated) are FINANCE OF AMERICA MORTGAGE LLC ($3,526), Mortgage Research Center, LLC ($4,444), UNITED WHOLESALE MORTGAGE, LLC ($4,873), QUICKEN LOANS, LLC ($6,954) and .

The lowest rate Marinette VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.45%), FINANCE OF AMERICA MORTGAGE LLC (4.87%), QUICKEN LOANS, LLC (4.91%), Mortgage Research Center, LLC (5.47%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Marinette (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 $119,700 (8.9%) $173,839 (0.6%) 0.00 429
2018-02-01 $124,950 (11.6%) $178,921 (1.0%) 0.00 433
2018-03-01 $126,950 (6.7%) $178,971 (1.1%) 0.00 413
2018-04-01 $130,900 (4.3%) $195,341 (6.3%) 0.00 417
2018-05-01 $137,700 (8.4%) $202,088 (11.6%) 0.00 432
2018-06-01 $134,900 (4.1%) $183,731 (0.9%) 0.00 493
2018-07-01 $138,975 (11.9%) $181,650 (-2.8%) 0.00 613
2018-08-01 $130,000 (4.1%) $175,436 (-7.6%) 0.00 668
2018-09-01 $134,900 (8.8%) $181,557 (-0.7%) 0.00 568
2018-10-01 $139,225 (10.1%) $186,995 (1.7%) 0.00 531
2018-11-01 $139,450 (12.3%) $188,636 (3.4%) 0.00 518
2018-12-01 $134,900 (12.5%) $188,608 (6.6%) 0.00 472
2019-01-01 $131,950 (10.2%) $192,627 (10.8%) 0.00 417
2019-02-01 $131,950 (5.6%) $193,527 (8.2%) 0.00 411
2019-03-01 $130,471 (2.8%) $190,120 (6.2%) 0.00 416
2019-04-01 $132,471 (1.2%) $187,444 (-4.0%) 0.00 439
2019-05-01 $129,900 (-5.7%) $186,737 (-7.6%) 0.00 459
2019-06-01 $129,900 (-3.7%) $180,616 (-1.7%) 0.00 513
2019-07-01 $129,900 (-6.5%) $180,134 (-0.8%) 0.00 514
2019-08-01 $130,200 (0.2%) $182,010 (3.8%) 0.00 511
2019-09-01 $130,650 (-3.2%) $182,794 (0.7%) 0.00 495
2019-10-01 $135,450 (-2.7%) $185,545 (-0.8%) 0.00 454
2019-11-01 $139,000 (-0.3%) $185,779 (-1.5%) 0.00 389
2019-12-01 $130,925 (-3.0%) $179,266 (-5.0%) 0.00 338
2020-01-01 $129,900 (-1.6%) $180,154 (-6.5%) 0.00 303
2020-02-01 $139,900 (6.0%) $181,684 (-6.1%) 0.00 308
2020-03-01 $149,900 (14.9%) $194,548 (2.3%) 0.00 305
2020-04-01 $149,900 (13.2%) $195,804 (4.5%) 0.00 272
2020-05-01 $149,900 (15.4%) $200,102 (7.2%) 0.00 270
2020-06-01 $146,900 (13.1%) $200,432 (11.0%) 0.00 301
2020-07-01 $145,900 (12.3%) $202,025 (12.2%) 0.00 315
2020-08-01 $149,900 (15.1%) $205,264 (12.8%) 0.00 280
2020-09-01 $149,900 (14.7%) $212,926 (16.5%) 0.00 266
2020-10-01 $142,450 (5.2%) $205,373 (10.7%) 0.00 237
2020-11-01 $135,650 (-2.4%) $201,887 (8.7%) 0.00 197
2020-12-01 $132,900 (1.5%) $211,890 (18.2%) 0.00 172
2021-01-01 $139,900 (7.7%) $219,616 (21.9%) 0.00 146
2021-02-01 $148,675 (6.3%) $238,175 (31.1%) 0.00 131
2021-03-01 $162,650 (8.5%) $252,475 (29.8%) 0.00 115
2021-04-01 $159,400 (6.3%) $243,010 (24.1%) 0.00 117
2021-05-01 $157,400 (5.0%) $226,738 (13.3%) 0.00 136
2021-06-01 $150,950 (2.8%) $223,221 (11.4%) 0.00 160
2021-07-01 $159,900 (9.6%) $231,550 (14.6%) 0.00 181
2021-08-01 $169,900 (13.3%) $242,140 (18.0%) 0.00 177
2021-09-01 $167,450 (11.7%) $235,162 (10.4%) 0.00 180
2021-10-01 $169,900 (19.3%) $251,115 (22.3%) 0.00 171
2021-11-01 $156,725 (15.5%) $254,658 (26.1%) 0.00 139
2021-12-01 $159,300 (19.9%) $270,046 (27.5%) 0.00 113
2022-01-01 $159,900 (14.3%) $300,582 (36.9%) 0.00 90
2022-02-01 $159,925 (7.6%) $325,430 (36.6%) 0.00 79
2022-03-01 $179,900 (10.6%) $372,149 (47.4%) 0.00 78
2022-04-01 $179,900 (12.9%) $279,851 (15.2%) 0.00 96
2022-05-01 $204,950 (30.2%) $285,614 (26.0%) 0.00 97
2022-06-01 $188,650 (25.0%) $271,143 (21.5%) 0.00 131
2022-07-01 $182,450 (14.1%) $261,704 (13.0%) 0.00 136
2022-08-01 $177,450 (4.4%) $251,407 (3.8%) 0.00 148
2022-09-01 $174,900 (4.5%) $245,507 (4.4%) 0.00 159
2022-10-01 $174,900 (2.9%) $248,861 (-0.9%) 0.00 150
2022-11-01 $179,900 (14.8%) $242,182 (-4.9%) 0.00 153
2022-12-01 $190,000 (19.3%) $239,899 (-11.2%) 0.00 144
2023-01-01 $199,900 (25.0%) $257,331 (-14.4%) 0.00 110
2023-02-01 $212,975 (33.2%) $273,221 (-16.0%) 0.00 96
2023-03-01 $222,425 (23.6%) $278,836 (-25.1%) 0.00 84
2023-04-01 $222,400 (23.6%) $291,148 (4.0%) 0.00 86
2023-05-01 $219,175 (6.9%) $285,637 (0.0%) 0.00 100
2023-06-01 $225,000 (19.3%) $293,867 (8.4%) 0.00 110
2023-07-01 $249,900 (37.0%) $300,932 (15.0%) 0.00 112
2023-08-01 $224,975 (26.8%) $294,043 (17.0%) 0.00 146
2023-09-01 $225,000 (28.6%) $294,143 (19.8%) 0.00 153
2023-10-01 $244,900 (40.0%) $291,723 (17.2%) 0.00 153
2023-11-01 $227,450 (26.4%) $288,483 (19.1%) 0.00 142
2023-12-01 $199,900 (5.2%) $280,456 (16.9%) 0.00 122
2024-01-01 $207,450 (3.8%) $274,630 (6.7%) 0.00 112
Marinette's median listing price for 2024-01-01 was $207,450, a difference of $7,550 (3.8%) versus the prior year and $7,550 versus the prior month.

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

Marinette's average listing price for 2024-01-01 was $274,630, a difference of $17,299 (6.7%) versus the prior year and $-5,826 versus the prior month.

For the 2024-01-01 period, Marinette had 112 MLS listings, a difference of -10 listings (-8%) versus the prior month and 2 listings (2%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Marinette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,432 sqft
2018-02-01 0 days 1,452 sqft
2018-03-01 0 days 1,430 sqft
2018-04-01 0 days 1,420 sqft
2018-05-01 0 days 1,512 sqft
2018-06-01 0 days 1,494 sqft
2018-07-01 0 days 1,423 sqft
2018-08-01 0 days 1,400 sqft
2018-09-01 0 days 1,460 sqft
2018-10-01 0 days 1,470 sqft
2018-11-01 0 days 1,456 sqft
2018-12-01 0 days 1,428 sqft
2019-01-01 0 days 1,411 sqft
2019-02-01 0 days 1,433 sqft
2019-03-01 0 days 1,412 sqft
2019-04-01 0 days 1,391 sqft
2019-05-01 0 days 1,399 sqft
2019-06-01 0 days 1,440 sqft
2019-07-01 0 days 1,411 sqft
2019-08-01 0 days 1,411 sqft
2019-09-01 0 days 1,398 sqft
2019-10-01 0 days 1,420 sqft
2019-11-01 0 days 1,462 sqft
2019-12-01 0 days 1,450 sqft
2020-01-01 0 days 1,451 sqft
2020-02-01 0 days 1,516 sqft
2020-03-01 0 days 1,536 sqft
2020-04-01 0 days 1,539 sqft
2020-05-01 0 days 1,512 sqft
2020-06-01 0 days 1,450 sqft
2020-07-01 0 days 1,435 sqft
2020-08-01 0 days 1,460 sqft
2020-09-01 0 days 1,439 sqft
2020-10-01 0 days 1,400 sqft
2020-11-01 0 days 1,420 sqft
2020-12-01 0 days 1,503 sqft
2021-01-01 0 days 1,600 sqft
2021-02-01 0 days 1,681 sqft
2021-03-01 0 days 1,700 sqft
2021-04-01 0 days 1,600 sqft
2021-05-01 0 days 1,567 sqft
2021-06-01 0 days 1,572 sqft
2021-07-01 0 days 1,456 sqft
2021-08-01 0 days 1,497 sqft
2021-09-01 0 days 1,500 sqft
2021-10-01 0 days 1,500 sqft
2021-11-01 0 days 1,487 sqft
2021-12-01 0 days 1,507 sqft
2022-01-01 0 days 1,500 sqft
2022-02-01 0 days 1,439 sqft
2022-03-01 0 days 1,405 sqft
2022-04-01 0 days 1,518 sqft
2022-05-01 0 days 1,589 sqft
2022-06-01 0 days 1,500 sqft
2022-07-01 0 days 1,444 sqft
2022-08-01 0 days 1,446 sqft
2022-09-01 0 days 1,402 sqft
2022-10-01 0 days 1,432 sqft
2022-11-01 0 days 1,404 sqft
2022-12-01 0 days 1,457 sqft
2023-01-01 0 days 1,627 sqft
2023-02-01 0 days 1,687 sqft
2023-03-01 0 days 1,593 sqft
2023-04-01 0 days 1,568 sqft
2023-05-01 0 days 1,478 sqft
2023-06-01 0 days 1,474 sqft
2023-07-01 0 days 1,500 sqft
2023-08-01 0 days 1,483 sqft
2023-09-01 0 days 1,512 sqft
2023-10-01 0 days 1,599 sqft
2023-11-01 0 days 1,610 sqft
2023-12-01 0 days 1,535 sqft
2024-01-01 0 days 1,467 sqft
Marinette's median listing age (time on market) for 2024-01-01 was 0 days.

Marinette's median square footage for active listings during the 2024-01-01 period was 1,467 sqft. One year prior, the average listing was 1,627 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.