Marshalltown VA Loan Rates, Closing Costs & Stats
Marshalltown, IA
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 9 lenders originated 16 VA loans during 2023. The total origination value was $3,090,000, with an average VA loan value of $193,125.
Marshalltown VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Marshalltown
averaged
6.94%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Marshalltown's average VA mortgage closing costs are $4,123.
The average rate for the prior week (2024-04-12) was
6.77% and
one month ago for the week of 2024-03-15, the
average rate was 6.53%.
The average rate one year ago was 6.12%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 6 | 6.73% | $4,420 |
| QUICKEN LOANS, LLC | 2 | 5.62% | $9,698 |
| Barrington Bank & Trust Company, N.A. | 1 | 5.75% | $10,460 |
| ENVOY MORTGAGE, LTD | 1 | 6.75% | $2,062 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.25% | $8,255 |
| IOWA BANKERS MORTGAGE CORPORATION | 1 | 5.75% | $2,946 |
| LOANDEPOT.COM, LLC | 1 | 6.25% | $11,060 |
| GUARANTEED RATE, INC. | 1 | 6.25% | $2,488 |
| Bank of the West | 1 | 7.25% | $4,326 |
The top Marshalltown VA lender as defined by loan originations is Mortgage Research Center, LLC, with
6 VA loans originated. Their average total fees are
$4,420, which is $5,279
lower than the next largest lender,
QUICKEN LOANS, 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 (-6.1%) | 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 (-1.1%) | 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 | $131,425 (-8.5%) | $176,174 (-8.5%) | 0.00 | 42 |
| 2021-09-01 | $137,450 (-3.5%) | $176,423 (0.6%) | 0.00 | 46 |
| 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 (-1.9%) | $178,521 (1.3%) | 0.00 | 54 |
| 2022-09-01 | $145,500 (5.9%) | $185,378 (5.1%) | 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 |
Marshalltown's median listing price comes in at 0% of the national average.
Marshalltown's average listing price for 2024-03-01 was $223,535, a difference of $33,587 (17.7%) versus the prior year and $31,385 versus the prior month.
For the 2024-03-01 period, Marshalltown had 36 MLS listings, a difference of 0 listings (0%) versus the prior month and 6 listings (20%) 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 | 1,671 sqft |
| 2020-08-01 | 0 days | 1,658 sqft |
| 2020-09-01 | 0 days | 1,517 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 | 1,317 sqft |
| 2021-09-01 | 0 days | 1,286 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 |
Marshalltown's median square footage for active listings during the 2024-03-01 period was 1,350 sqft. One year prior, the average listing was 1,326 sqft.