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 6.12% for the week of 2024-12-06, compared to the national average (all VA variants) of 6.143% for the same period.

Marshalltown's average VA mortgage closing costs are $4,123.

The average rate for the prior week (2024-11-29) was 6.22% and one month ago for the week of 2024-11-01, the average rate was 6.48%.

The average rate one year ago was 6.92%.

For refis of the same type during the week of 2024-12-06, the average rate was 5.94%.

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 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
2024-04-01 $161,250 (7.6%) $235,946 (25.4%) 0.00 44
2024-05-01 $215,950 (39.4%) $262,455 (37.6%) 0.00 53
2024-06-01 $249,900 (49.2%) $284,953 (29.6%) 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
Marshalltown's median listing price for 2024-11-01 was $204,900, a difference of $59,711 (41.1%) versus the prior year and $-75 versus the prior month.

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

Marshalltown's average listing price for 2024-11-01 was $219,584, a difference of $14,017 (6.8%) versus the prior year and $-4,908 versus the prior month.

For the 2024-11-01 period, Marshalltown had 87 MLS listings, a difference of 1 listings (1%) versus the prior month and 37 listings (74%) 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
2024-04-01 0 days 1,347 sqft
2024-05-01 0 days 1,462 sqft
2024-06-01 0 days 1,489 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
Marshalltown's median listing age (time on market) for 2024-11-01 was 0 days.

Marshalltown's median square footage for active listings during the 2024-11-01 period was 1,340 sqft. One year prior, the average listing was 1,271 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.