Marinette VA Loan Rates, Closing Costs & Stats

Marinette, WI-MI

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    • 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 23 lenders originated 64 VA loans during 2023. The total origination value was $13,290,000, with an average VA loan value of $207,656.

    Marinette VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Marinette averaged 6.99% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Marinette's average VA mortgage closing costs are $4,152.

    The average rate for the prior week (2024-04-12) was 6.92% and one month ago for the week of 2024-03-15, the average rate was 6.98%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.94% $5,031
    UNITED WHOLESALE MORTGAGE, LLC 6 6.86% $4,515
    NAVY FEDERAL CREDIT UNION 5 5.75% $5,935
    QUICKEN LOANS, LLC 5 6.22% $6,632
    Barrington Bank & Trust Company, N.A. 3 6.04% $5,839
    Flagstar Bank, FSB 2 7.50% $3,717
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $12,111
    HOMESIDE FINANCIAL, LLC 2 6.94% $9,980
    Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $14,436
    NEW DAY FINANCIAL, LLC 2 7.18% $11,326
    NEWREZ LLC 2 7.00% $11,503
    Plains Commerce Bank 1 5.75% $10,969
    USAA Federal Savings Bank 1 6.63% $4,238
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $3,752
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $2,844
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $8,156
    FREEDOM MORTGAGE CORPORATION 1 7.25% $23,117
    GSF Mortgage Corporation 1 6.63% $3,657
    GUARANTEED RATE, INC. 1 7.38% $4,019
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $6,711
    MICHIGAN MUTUAL, INC. 1 4.75% $8,494
    MOVEMENT MORTGAGE, LLC 1 6.75% $8,790
    PENNYMAC LOAN SERVICES, LLC 1 4.75% $3,666

    The top Marinette VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $5,031, which is $517 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Marinette VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,031), .

    The lowest rate Marinette VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.94%), .

    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
    2024-02-01 $207,400 (-2.6%) $306,686 (12.3%) 0.00 101
    2024-03-01 $224,900 (1.1%) $323,241 (15.9%) 0.00 106
    Marinette's median listing price for 2024-03-01 was $224,900, a difference of $2,475 (1.1%) versus the prior year and $17,500 versus the prior month.

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

    Marinette's average listing price for 2024-03-01 was $323,241, a difference of $44,405 (15.9%) versus the prior year and $16,555 versus the prior month.

    For the 2024-03-01 period, Marinette had 106 MLS listings, a difference of 5 listings (5%) versus the prior month and 22 listings (26%) 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
    2024-02-01 0 days 1,527 sqft
    2024-03-01 0 days 1,554 sqft
    Marinette's median listing age (time on market) for 2024-03-01 was 0 days.

    Marinette's median square footage for active listings during the 2024-03-01 period was 1,554 sqft. One year prior, the average listing was 1,593 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.