Menomonie VA Loan Rates, Closing Costs & Stats

Menomonie, WI

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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.

    Menomonie's 22 lenders originated 33 VA loans during 2023. The total origination value was $10,065,000, with an average VA loan value of $305,000.

    Menomonie VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Menomonie averaged 0.31% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Menomonie's average VA mortgage closing costs are $5,373.

    The average rate for the prior week (2024-11-08) was 6.52% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.58%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Menomonie 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 Menomonie level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.59% $10,981
    QUICKEN LOANS, LLC 3 6.42% $16,631
    NAVY FEDERAL CREDIT UNION 2 5.56% $13,372
    BROKER SOLUTIONS, INC. 1 7.25% $14,883
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $814
    EVERETT FINANCIAL, INC. 1 7.13% $5,081
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $1,518
    FREEDOM MORTGAGE CORPORATION 1 6.38% $27,225
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $18,778
    GUARANTEED RATE, INC. 1 5.75% $3,599
    LOANDEPOT.COM, LLC 1 7.13% $6,857
    Mid-Continent Funding, Inc. 1 6.99% $4,055
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $3,891
    NEW DAY FINANCIAL, LLC 1 6.75% $20,005
    NEWREZ LLC 1 7.25% $3,013
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $3,645
    Plains Commerce Bank 1 6.25% $9,267
    PLANET HOME LENDING, LLC 1 6.38% $5,677
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $6,598
    USAA Federal Savings Bank 1 6.75% $3,481
    Barrington Bank & Trust Company, N.A. 1 6.25% $4,813
    Bell Bank 1 7.25% $5,755

    The top Menomonie VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $10,981, which is $5,650 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Menomonie (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 $177,950 (-6.5%) $209,260 (-14.7%) 0.00 87
    2018-02-01 $179,950 (-10.0%) $215,050 (-14.9%) 0.00 88
    2018-03-01 $194,900 (0.0%) $227,067 (-10.7%) 0.00 87
    2018-04-01 $209,900 (5.0%) $242,587 (-5.2%) 0.00 93
    2018-05-01 $222,450 (3.5%) $246,135 (-4.2%) 0.00 101
    2018-06-01 $204,450 (-12.8%) $240,471 (-6.6%) 0.00 112
    2018-07-01 $189,900 (-17.4%) $233,884 (-9.8%) 0.00 115
    2018-08-01 $181,050 (-18.8%) $227,028 (-10.7%) 0.00 104
    2018-09-01 $186,200 (-4.5%) $246,198 (1.4%) 0.00 112
    2018-10-01 $192,200 (-3.2%) $246,809 (7.1%) 0.00 104
    2018-11-01 $199,900 (3.0%) $252,105 (12.6%) 0.00 96
    2018-12-01 $187,450 (4.2%) $258,785 (25.4%) 0.00 86
    2019-01-01 $182,200 (2.4%) $259,342 (23.9%) 0.00 81
    2019-02-01 $205,000 (13.9%) $280,080 (30.2%) 0.00 64
    2019-03-01 $209,789 (7.6%) $267,001 (17.6%) 0.00 76
    2019-04-01 $223,375 (6.4%) $260,623 (7.4%) 0.00 87
    2019-05-01 $213,650 (-4.0%) $254,402 (3.4%) 0.00 98
    2019-06-01 $197,750 (-3.3%) $255,629 (6.3%) 0.00 111
    2019-07-01 $214,950 (13.2%) $267,905 (14.6%) 0.00 123
    2019-08-01 $211,291 (16.7%) $265,910 (17.1%) 0.00 121
    2019-09-01 $213,377 (14.6%) $264,364 (7.4%) 0.00 121
    2019-10-01 $214,975 (11.9%) $264,547 (7.2%) 0.00 120
    2019-11-01 $231,250 (15.7%) $291,727 (15.7%) 0.00 115
    2019-12-01 $215,000 (14.7%) $290,703 (12.3%) 0.00 102
    2020-01-01 $210,500 (15.5%) $291,822 (12.5%) 0.00 84
    2020-02-01 $204,950 (0.0%) $304,899 (8.9%) 0.00 75
    2020-03-01 $259,950 (23.9%) $333,429 (24.9%) 0.00 88
    2020-04-01 $286,175 (28.1%) $345,309 (32.5%) 0.00 90
    2020-05-01 $312,400 (46.2%) $349,141 (37.2%) 0.00 86
    2020-06-01 $305,650 (54.6%) $350,832 (37.2%) 0.00 87
    2020-07-01 $280,300 (30.4%) $337,435 (26.0%) 0.00 80
    2020-08-01 $271,900 (28.7%) $323,736 (21.8%) 0.00 77
    2020-09-01 $268,375 (25.8%) $334,395 (26.5%) 0.00 79
    2020-10-01 $279,700 (30.1%) $322,428 (21.9%) 0.00 74
    2020-11-01 $270,950 (17.2%) $316,990 (8.7%) 0.00 59
    2020-12-01 $273,650 (27.3%) $333,134 (14.6%) 0.00 57
    2021-01-01 $271,900 (29.2%) $316,284 (8.4%) 0.00 45
    2021-02-01 $261,650 (27.7%) $318,138 (4.3%) 0.00 40
    2021-03-01 $235,244 (-9.5%) $267,275 (-19.8%) 0.00 34
    2021-04-01 $169,750 (-40.7%) $271,771 (-21.3%) 0.00 27
    2021-05-01 $269,000 (-13.9%) $312,332 (-10.5%) 0.00 38
    2021-06-01 $266,400 (-12.8%) $301,966 (-13.9%) 0.00 60
    2021-07-01 $264,900 (-5.5%) $329,786 (-2.3%) 0.00 57
    2021-08-01 $242,863 (-10.7%) $299,199 (-7.6%) 0.00 53
    2021-09-01 $227,400 (-15.3%) $284,744 (-14.9%) 0.00 63
    2021-10-01 $239,950 (-14.2%) $289,794 (-10.1%) 0.00 63
    2021-11-01 $242,400 (-10.5%) $299,716 (-5.5%) 0.00 53
    2021-12-01 $284,925 (4.1%) $312,985 (-6.1%) 0.00 37
    2022-01-01 $225,000 (-17.3%) $294,454 (-6.9%) 0.00 27
    2022-02-01 $252,975 (-3.3%) $306,872 (-3.5%) 0.00 15
    2022-03-01 $292,400 (24.3%) $301,719 (12.9%) 0.00 13
    2022-04-01 $339,900 (100.2%) $351,489 (29.3%) 0.00 15
    2022-05-01 $327,650 (21.8%) $389,072 (24.6%) 0.00 29
    2022-06-01 $334,675 (25.6%) $357,125 (18.3%) 0.00 38
    2022-07-01 $299,000 (12.9%) $311,361 (-5.6%) 0.00 44
    2022-08-01 $292,450 (20.4%) $309,297 (3.4%) 0.00 49
    2022-09-01 $290,450 (27.7%) $316,088 (11.0%) 0.00 38
    2022-10-01 $314,950 (31.3%) $329,901 (13.8%) 0.00 47
    2022-11-01 $297,675 (22.8%) $309,834 (3.4%) 0.00 46
    2022-12-01 $297,450 (4.4%) $311,277 (-0.6%) 0.00 39
    2023-01-01 $339,250 (50.8%) $324,280 (10.1%) 0.00 34
    2023-02-01 $341,225 (34.9%) $327,222 (6.6%) 0.00 26
    2023-03-01 $354,950 (21.4%) $362,074 (20.0%) 0.00 22
    2023-04-01 $414,950 (22.1%) $414,584 (18.0%) 0.00 24
    2023-05-01 $355,500 (8.5%) $383,748 (-1.4%) 0.00 33
    2023-06-01 $358,875 (7.2%) $395,596 (10.8%) 0.00 48
    2023-07-01 $352,750 (18.0%) $379,092 (21.8%) 0.00 47
    2023-08-01 $334,925 (14.5%) $379,368 (22.7%) 0.00 41
    2023-09-01 $327,450 (12.7%) $358,501 (13.4%) 0.00 43
    2023-10-01 $318,675 (1.2%) $355,895 (7.9%) 0.00 53
    2023-11-01 $317,400 (6.6%) $347,814 (12.3%) 0.00 53
    2023-12-01 $329,900 (10.9%) $345,919 (11.1%) 0.00 46
    2024-01-01 $334,725 (-1.3%) $376,097 (16.0%) 0.00 38
    2024-02-01 $333,675 (-2.2%) $383,315 (17.1%) 0.00 33
    2024-03-01 $359,000 (1.1%) $396,590 (9.5%) 0.00 38
    2024-04-01 $302,175 (-27.2%) $363,678 (-12.3%) 0.00 39
    2024-05-01 $370,950 (4.4%) $428,762 (11.7%) 0.00 46
    2024-06-01 $349,900 (-2.5%) $417,930 (5.7%) 0.00 50
    2024-07-01 $318,725 (-9.7%) $391,913 (3.4%) 0.00 53
    2024-08-01 $317,450 (-5.2%) $394,575 (4.0%) 0.00 54
    2024-09-01 $318,750 (-2.7%) $389,278 (8.6%) 0.00 65
    2024-10-01 $305,075 (-4.3%) $374,615 (5.3%) 0.00 67
    Menomonie's median listing price for 2024-10-01 was $305,075, a difference of $-13,600 (-4.3%) versus the prior year and $-13,675 versus the prior month.

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

    Menomonie's average listing price for 2024-10-01 was $374,615, a difference of $18,720 (5.3%) versus the prior year and $-14,663 versus the prior month.

    For the 2024-10-01 period, Menomonie had 67 MLS listings, a difference of 2 listings (3%) versus the prior month and 14 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Menomonie (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,848 sqft
    2018-02-01 0 days 1,818 sqft
    2018-03-01 0 days 2,033 sqft
    2018-04-01 0 days 2,008 sqft
    2018-05-01 0 days 2,007 sqft
    2018-06-01 0 days 2,008 sqft
    2018-07-01 0 days 1,947 sqft
    2018-08-01 0 days 1,914 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 2,025 sqft
    2018-11-01 0 days 2,106 sqft
    2018-12-01 0 days 2,100 sqft
    2019-01-01 0 days 2,074 sqft
    2019-02-01 0 days 2,174 sqft
    2019-03-01 0 days 2,160 sqft
    2019-04-01 0 days 2,173 sqft
    2019-05-01 0 days 2,144 sqft
    2019-06-01 0 days 2,002 sqft
    2019-07-01 0 days 1,938 sqft
    2019-08-01 0 days 1,816 sqft
    2019-09-01 0 days 1,816 sqft
    2019-10-01 0 days 1,895 sqft
    2019-11-01 0 days 2,000 sqft
    2019-12-01 0 days 1,993 sqft
    2020-01-01 0 days 1,899 sqft
    2020-02-01 0 days 1,670 sqft
    2020-03-01 0 days 1,966 sqft
    2020-04-01 0 days 1,934 sqft
    2020-05-01 0 days 2,390 sqft
    2020-06-01 0 days 2,414 sqft
    2020-07-01 0 days 2,180 sqft
    2020-08-01 0 days 1,980 sqft
    2020-09-01 0 days 2,079 sqft
    2020-10-01 0 days 2,217 sqft
    2020-11-01 0 days 2,268 sqft
    2020-12-01 0 days 2,118 sqft
    2021-01-01 0 days 1,980 sqft
    2021-02-01 0 days 1,781 sqft
    2021-03-01 0 days 1,586 sqft
    2021-04-01 0 days 1,709 sqft
    2021-05-01 0 days 1,842 sqft
    2021-06-01 0 days 1,804 sqft
    2021-07-01 0 days 1,720 sqft
    2021-08-01 0 days 1,648 sqft
    2021-09-01 0 days 1,656 sqft
    2021-10-01 0 days 1,656 sqft
    2021-11-01 0 days 1,682 sqft
    2021-12-01 0 days 1,653 sqft
    2022-01-01 0 days 1,640 sqft
    2022-02-01 0 days 2,479 sqft
    2022-03-01 0 days 2,363 sqft
    2022-04-01 0 days 2,414 sqft
    2022-05-01 0 days 2,282 sqft
    2022-06-01 0 days 2,131 sqft
    2022-07-01 0 days 2,007 sqft
    2022-08-01 0 days 1,980 sqft
    2022-09-01 0 days 1,923 sqft
    2022-10-01 0 days 1,780 sqft
    2022-11-01 0 days 1,732 sqft
    2022-12-01 0 days 1,635 sqft
    2023-01-01 0 days 1,804 sqft
    2023-02-01 0 days 1,922 sqft
    2023-03-01 0 days 2,056 sqft
    2023-04-01 0 days 2,085 sqft
    2023-05-01 0 days 1,989 sqft
    2023-06-01 0 days 2,126 sqft
    2023-07-01 0 days 2,085 sqft
    2023-08-01 0 days 1,988 sqft
    2023-09-01 0 days 2,028 sqft
    2023-10-01 0 days 2,200 sqft
    2023-11-01 0 days 2,110 sqft
    2023-12-01 0 days 1,808 sqft
    2024-01-01 0 days 1,821 sqft
    2024-02-01 0 days 1,715 sqft
    2024-03-01 0 days 1,750 sqft
    2024-04-01 0 days 1,675 sqft
    2024-05-01 0 days 2,054 sqft
    2024-06-01 0 days 1,750 sqft
    2024-07-01 0 days 1,887 sqft
    2024-08-01 0 days 2,121 sqft
    2024-09-01 0 days 2,038 sqft
    2024-10-01 0 days 1,886 sqft
    Menomonie's median listing age (time on market) for 2024-10-01 was 0 days.

    Menomonie's median square footage for active listings during the 2024-10-01 period was 1,886 sqft. One year prior, the average listing was 2,200 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.