Marshalltown VA Loan Rates, Closing Costs & Stats

Marshalltown, IA

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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.

    Marshalltown's 19 lenders originated 34 VA loans during 2024. The total origination value was $8,250,000, with an average VA loan value of $242,647.

    Marshalltown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Marshalltown averaged 6.61% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Marshalltown's average VA mortgage closing costs are $4,362.

    The average rate for the prior week (2025-03-28) was 6.33% and one month ago for the week of 2025-02-28, the average rate was 6.61%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

    Marshalltown 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 Marshalltown level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 9 6.57% $4,785
    NEW DAY FINANCIAL, LLC 3 7.79% $10,139
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.38% $13,241
    NAVY FEDERAL CREDIT UNION 2 6.06% $67
    QUICKEN LOANS, LLC 2 6.24% $9,444
    GERSHMAN INVESTMENT CORP. 1 6.13% $3,201
    GUARANTEED RATE, INC. 1 7.25% $12,248
    IOWA BANKERS MORTGAGE CORPORATION 1 6.50% $1,549
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.49% $8,154
    USAA Federal Savings Bank 1 5.75% $4,375
    NBKC BANK 1 7.00% $2,089
    Community Choice Credit Union 1 6.75% $1,970
    NEWREZ LLC 1 6.25% $5,134
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $4,627
    VILLAGE CAPITAL MORTGAGE 1 4.99% $915
    Servion, Inc. 1 6.75% $1,970
    UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $16,829
    Fortress Bank 1 6.13% $9,783
    FREEDOM MORTGAGE CORPORATION 1 6.63% $2,055

    The top Marshalltown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $4,785, which is $5,354 lower than the next largest lender, NEW DAY FINANCIAL, LLC.

    The lowest fee Marshalltown VA lenders (with over 10 loans originated) are .

    The lowest rate Marshalltown VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Marshalltown (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 $84,975 (-29.1%) $121,172 (-10.1%) 0.00 83
    2018-02-01 $88,075 (-23.4%) $132,804 (3.6%) 0.00 73
    2018-03-01 $89,900 (-25.0%) $131,296 (2.4%) 0.00 74
    2018-04-01 $93,050 (-19.7%) $135,148 (-0.1%) 0.00 67
    2018-05-01 $100,925 (-9.2%) $137,568 (-6.3%) 0.00 70
    2018-06-01 $104,900 (-10.9%) $137,655 (-11.9%) 0.00 83
    2018-07-01 $124,900 (12.6%) $147,748 (-1.4%) 0.00 98
    2018-08-01 $124,900 (19.0%) $145,455 (-0.8%) 0.00 96
    2018-09-01 $133,900 (27.7%) $157,304 (8.8%) 0.00 84
    2018-10-01 $134,900 (30.0%) $156,213 (4.7%) 0.00 94
    2018-11-01 $131,150 (34.9%) $154,071 (9.2%) 0.00 100
    2018-12-01 $122,400 (36.2%) $147,909 (14.3%) 0.00 108
    2019-01-01 $119,900 (41.1%) $144,550 (19.3%) 0.00 96
    2019-02-01 $116,900 (32.7%) $139,445 (5.0%) 0.00 91
    2019-03-01 $114,900 (27.8%) $143,332 (9.2%) 0.00 80
    2019-04-01 $116,900 (25.6%) $148,489 (9.9%) 0.00 73
    2019-05-01 $127,500 (26.3%) $151,615 (10.2%) 0.00 71
    2019-06-01 $149,900 (42.9%) $162,962 (18.4%) 0.00 65
    2019-07-01 $136,150 (9.0%) $159,239 (7.8%) 0.00 62
    2019-08-01 $134,400 (7.6%) $160,363 (10.3%) 0.00 71
    2019-09-01 $141,150 (5.4%) $164,867 (4.8%) 0.00 79
    2019-10-01 $145,650 (8.0%) $167,869 (7.5%) 0.00 86
    2019-11-01 $137,400 (4.8%) $160,620 (4.3%) 0.00 90
    2019-12-01 $127,200 (3.9%) $148,659 (0.5%) 0.00 98
    2020-01-01 $129,900 (8.3%) $157,917 (9.3%) 0.00 89
    2020-02-01 $123,900 (6.0%) $158,496 (13.7%) 0.00 82
    2020-03-01 $129,900 (13.1%) $163,627 (14.2%) 0.00 78
    2020-04-01 $139,900 (19.7%) $173,608 (16.9%) 0.00 72
    2020-05-01 $144,800 (13.6%) $178,678 (17.9%) 0.00 57
    2020-06-01 $142,400 (-5.0%) $181,974 (11.7%) 0.00 58
    2020-07-01 $167,175 (22.8%) $195,735 (22.9%) 0.00 58
    2020-08-01 $143,700 (6.9%) $192,489 (20.0%) 0.00 59
    2020-09-01 $142,450 (0.9%) $175,303 (6.3%) 0.00 55
    2020-10-01 $139,900 (-4.0%) $172,764 (2.9%) 0.00 47
    2020-11-01 $131,150 (-4.6%) $173,499 (8.0%) 0.00 39
    2020-12-01 $121,150 (-4.8%) $165,126 (11.1%) 0.00 32
    2021-01-01 $119,900 (-7.7%) $149,447 (-5.4%) 0.00 35
    2021-02-01 $82,850 (-33.1%) $128,164 (-19.1%) 0.00 24
    2021-03-01 $72,400 (-44.3%) $140,818 (-13.9%) 0.00 24
    2021-04-01 $92,700 (-33.7%) $137,299 (-20.9%) 0.00 23
    2021-05-01 $99,900 (-31.0%) $147,891 (-17.2%) 0.00 35
    2021-06-01 $145,400 (2.1%) $179,696 (-1.3%) 0.00 35
    2021-07-01 $162,000 (-3.1%) $196,018 (0.1%) 0.00 35
    2021-08-01 $133,950 (-6.8%) $178,888 (-7.1%) 0.00 43
    2021-09-01 $139,925 (-1.8%) $178,853 (2.0%) 0.00 47
    2021-10-01 $129,900 (-7.2%) $170,084 (-1.6%) 0.00 44
    2021-11-01 $126,150 (-3.8%) $154,267 (-11.1%) 0.00 46
    2021-12-01 $107,500 (-11.3%) $140,013 (-15.2%) 0.00 40
    2022-01-01 $119,900 (0.0%) $141,835 (-5.1%) 0.00 35
    2022-02-01 $117,675 (42.0%) $154,243 (20.4%) 0.00 28
    2022-03-01 $103,675 (43.2%) $137,651 (-2.3%) 0.00 35
    2022-04-01 $110,000 (18.7%) $152,295 (10.9%) 0.00 31
    2022-05-01 $117,450 (17.6%) $175,976 (19.0%) 0.00 31
    2022-06-01 $131,925 (-9.3%) $187,082 (4.1%) 0.00 39
    2022-07-01 $145,000 (-10.5%) $190,322 (-2.9%) 0.00 53
    2022-08-01 $128,975 (-3.7%) $178,521 (-0.2%) 0.00 54
    2022-09-01 $145,500 (4.0%) $185,378 (3.7%) 0.00 51
    2022-10-01 $135,000 (3.9%) $184,936 (8.7%) 0.00 54
    2022-11-01 $182,175 (44.4%) $201,262 (30.5%) 0.00 52
    2022-12-01 $184,950 (72.1%) $195,936 (39.9%) 0.00 46
    2023-01-01 $174,900 (45.9%) $188,679 (33.0%) 0.00 43
    2023-02-01 $189,900 (61.4%) $206,779 (34.1%) 0.00 31
    2023-03-01 $165,700 (59.8%) $189,948 (38.0%) 0.00 30
    2023-04-01 $149,900 (36.3%) $188,223 (23.6%) 0.00 34
    2023-05-01 $154,925 (31.9%) $190,767 (8.4%) 0.00 43
    2023-06-01 $167,475 (27.0%) $219,827 (17.5%) 0.00 43
    2023-07-01 $171,250 (18.1%) $211,244 (11.0%) 0.00 43
    2023-08-01 $196,200 (52.1%) $225,836 (26.5%) 0.00 48
    2023-09-01 $174,900 (20.2%) $232,609 (25.5%) 0.00 48
    2023-10-01 $172,400 (27.7%) $222,009 (20.1%) 0.00 55
    2023-11-01 $145,189 (-20.3%) $205,567 (2.1%) 0.00 50
    2023-12-01 $149,900 (-19.0%) $208,622 (6.5%) 0.00 41
    2024-01-01 $142,400 (-18.6%) $207,007 (9.7%) 0.00 43
    2024-02-01 $133,675 (-29.6%) $192,150 (-7.1%) 0.00 36
    2024-03-01 $144,900 (-12.6%) $223,535 (17.7%) 0.00 36
    2024-04-01 $162,450 (8.4%) $236,119 (25.5%) 0.00 44
    2024-05-01 $210,950 (36.2%) $253,899 (33.1%) 0.00 53
    2024-06-01 $235,450 (40.6%) $271,858 (23.7%) 0.00 56
    2024-07-01 $237,400 (38.6%) $273,860 (29.6%) 0.00 61
    2024-08-01 $192,500 (-1.9%) $228,129 (1.0%) 0.00 66
    2024-09-01 $201,475 (15.2%) $220,135 (-5.4%) 0.00 81
    2024-10-01 $204,975 (18.9%) $224,492 (1.1%) 0.00 86
    2024-11-01 $204,900 (41.1%) $219,584 (6.8%) 0.00 87
    2024-12-01 $199,900 (33.4%) $209,342 (0.3%) 0.00 82
    2025-01-01 $198,150 (39.2%) $205,663 (-0.7%) 0.00 81
    2025-02-01 $202,425 (51.4%) $209,421 (9.0%) 0.00 72
    2025-03-01 $195,000 (34.6%) $209,869 (-6.1%) 0.00 68
    Marshalltown's median listing price for 2025-03-01 was $195,000, a difference of $50,100 (34.6%) versus the prior year and $-7,425 versus the prior month.

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

    Marshalltown's average listing price for 2025-03-01 was $209,869, a difference of $-13,666 (-6.1%) versus the prior year and $448 versus the prior month.

    For the 2025-03-01 period, Marshalltown had 68 MLS listings, a difference of -4 listings (-6%) versus the prior month and 32 listings (89%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marshalltown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,389 sqft
    2018-02-01 0 days 1,506 sqft
    2018-03-01 0 days 1,456 sqft
    2018-04-01 0 days 1,440 sqft
    2018-05-01 0 days 1,454 sqft
    2018-06-01 0 days 1,483 sqft
    2018-07-01 0 days 1,502 sqft
    2018-08-01 0 days 1,487 sqft
    2018-09-01 0 days 1,466 sqft
    2018-10-01 0 days 1,458 sqft
    2018-11-01 0 days 1,417 sqft
    2018-12-01 0 days 1,420 sqft
    2019-01-01 0 days 1,385 sqft
    2019-02-01 0 days 1,362 sqft
    2019-03-01 0 days 1,418 sqft
    2019-04-01 0 days 1,418 sqft
    2019-05-01 0 days 1,418 sqft
    2019-06-01 0 days 1,606 sqft
    2019-07-01 0 days 1,566 sqft
    2019-08-01 0 days 1,571 sqft
    2019-09-01 0 days 1,581 sqft
    2019-10-01 0 days 1,587 sqft
    2019-11-01 0 days 1,464 sqft
    2019-12-01 0 days 1,343 sqft
    2020-01-01 0 days 1,398 sqft
    2020-02-01 0 days 1,429 sqft
    2020-03-01 0 days 1,421 sqft
    2020-04-01 0 days 1,450 sqft
    2020-05-01 0 days 1,488 sqft
    2020-06-01 0 days 1,629 sqft
    2020-07-01 0 days 1,673 sqft
    2020-08-01 0 days 1,658 sqft
    2020-09-01 0 days 1,547 sqft
    2020-10-01 0 days 1,502 sqft
    2020-11-01 0 days 1,563 sqft
    2020-12-01 0 days 1,409 sqft
    2021-01-01 0 days 1,282 sqft
    2021-02-01 0 days 1,096 sqft
    2021-03-01 0 days 1,143 sqft
    2021-04-01 0 days 1,141 sqft
    2021-05-01 0 days 1,225 sqft
    2021-06-01 0 days 1,374 sqft
    2021-07-01 0 days 1,463 sqft
    2021-08-01 0 days 1,337 sqft
    2021-09-01 0 days 1,306 sqft
    2021-10-01 0 days 1,285 sqft
    2021-11-01 0 days 1,297 sqft
    2021-12-01 0 days 1,303 sqft
    2022-01-01 0 days 1,294 sqft
    2022-02-01 0 days 1,323 sqft
    2022-03-01 0 days 1,206 sqft
    2022-04-01 0 days 1,260 sqft
    2022-05-01 0 days 1,362 sqft
    2022-06-01 0 days 1,336 sqft
    2022-07-01 0 days 1,477 sqft
    2022-08-01 0 days 1,485 sqft
    2022-09-01 0 days 1,480 sqft
    2022-10-01 0 days 1,345 sqft
    2022-11-01 0 days 1,374 sqft
    2022-12-01 0 days 1,339 sqft
    2023-01-01 0 days 1,279 sqft
    2023-02-01 0 days 1,232 sqft
    2023-03-01 0 days 1,326 sqft
    2023-04-01 0 days 1,336 sqft
    2023-05-01 0 days 1,243 sqft
    2023-06-01 0 days 1,369 sqft
    2023-07-01 0 days 1,275 sqft
    2023-08-01 0 days 1,342 sqft
    2023-09-01 0 days 1,291 sqft
    2023-10-01 0 days 1,336 sqft
    2023-11-01 0 days 1,271 sqft
    2023-12-01 0 days 1,248 sqft
    2024-01-01 0 days 1,289 sqft
    2024-02-01 0 days 1,235 sqft
    2024-03-01 0 days 1,350 sqft
    2024-04-01 0 days 1,346 sqft
    2024-05-01 0 days 1,430 sqft
    2024-06-01 0 days 1,477 sqft
    2024-07-01 0 days 1,449 sqft
    2024-08-01 0 days 1,414 sqft
    2024-09-01 0 days 1,353 sqft
    2024-10-01 0 days 1,416 sqft
    2024-11-01 0 days 1,340 sqft
    2024-12-01 0 days 1,308 sqft
    2025-01-01 0 days 1,288 sqft
    2025-02-01 0 days 1,291 sqft
    2025-03-01 0 days 1,283 sqft
    Marshalltown's median listing age (time on market) for 2025-03-01 was 0 days.

    Marshalltown's median square footage for active listings during the 2025-03-01 period was 1,283 sqft. One year prior, the average listing was 1,350 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.