Muscatine VA Loan Rates, Closing Costs & Stats
Muscatine, 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.
Muscatine's 18 lenders originated 37 VA loans during 2023. The total origination value was $9,665,000, with an average VA loan value of $261,216.
Muscatine VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Muscatine
averaged
7.06%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Muscatine's average VA mortgage closing costs are $5,110.
The average rate for the prior week (2024-04-12) was
6.59% and
one month ago for the week of 2024-03-15, the
average rate was 6.36%.
The average rate one year ago was 6.05%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
Muscatine 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 Muscatine level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 8 | 6.64% | $3,699 |
| RESIDENTIAL MORTGAGE NETWORK, INC. | 3 | 6.29% | $5,249 |
| RUHL MORTGAGE, LLC | 3 | 5.58% | $5,666 |
| GREENSTATE CREDIT UNION | 2 | 6.00% | $2,371 |
| BROKER SOLUTIONS, INC. | 2 | 6.68% | $4,957 |
| HOMESIDE FINANCIAL, LLC | 2 | 6.13% | $14,683 |
| QUICKEN LOANS, LLC | 2 | 6.63% | $6,809 |
| NEWREZ LLC | 1 | 5.63% | $2,521 |
| PLAZA HOME MORTGAGE, INC. | 1 | 7.50% | $5,514 |
| USAA Federal Savings Bank | 1 | 6.25% | $1,847 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 5.88% | $4,932 |
| VILLAGE CAPITAL MORTGAGE | 1 | 5.38% | $8,747 |
| Fortress Bank | 1 | 6.63% | $3,527 |
| FREEDOM MORTGAGE CORPORATION | 1 | 6.75% | $26,002 |
| IOWA BANKERS MORTGAGE CORPORATION | 1 | 7.00% | $8,500 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 5.88% | $8,144 |
| NAVY FEDERAL CREDIT UNION | 1 | 5.38% | $3,207 |
| NEW DAY FINANCIAL, LLC | 1 | 7.75% | $4,201 |
The top Muscatine VA lender as defined by loan originations is Mortgage Research Center, LLC, with
8 VA loans originated. Their average total fees are
$3,699, which is $1,550
lower than the next largest lender,
RESIDENTIAL MORTGAGE NETWORK, INC..
The lowest fee Muscatine VA lenders (with over 10 loans originated) are
.
The lowest rate Muscatine VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Muscatine (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 | $147,175 (-0.9%) | $173,597 (1.1%) | 0.00 | 95 |
| 2018-02-01 | $146,975 (2.5%) | $171,364 (-1.7%) | 0.00 | 90 |
| 2018-03-01 | $149,900 (7.2%) | $181,981 (6.8%) | 0.00 | 89 |
| 2018-04-01 | $174,850 (17.0%) | $202,860 (14.6%) | 0.00 | 89 |
| 2018-05-01 | $180,150 (30.5%) | $213,679 (24.4%) | 0.00 | 92 |
| 2018-06-01 | $197,000 (30.9%) | $223,418 (31.6%) | 0.00 | 108 |
| 2018-07-01 | $199,075 (32.8%) | $218,919 (28.9%) | 0.00 | 118 |
| 2018-08-01 | $185,500 (23.8%) | $205,585 (19.6%) | 0.00 | 120 |
| 2018-09-01 | $174,900 (14.1%) | $199,548 (15.3%) | 0.00 | 134 |
| 2018-10-01 | $165,875 (15.5%) | $197,839 (18.7%) | 0.00 | 148 |
| 2018-11-01 | $166,225 (13.8%) | $206,742 (19.8%) | 0.00 | 142 |
| 2018-12-01 | $174,900 (20.7%) | $212,930 (23.6%) | 0.00 | 142 |
| 2019-01-01 | $157,950 (7.3%) | $202,650 (16.7%) | 0.00 | 147 |
| 2019-02-01 | $167,400 (13.9%) | $217,297 (26.8%) | 0.00 | 133 |
| 2019-03-01 | $167,836 (12.0%) | $213,191 (17.2%) | 0.00 | 126 |
| 2019-04-01 | $162,225 (-7.2%) | $207,262 (2.2%) | 0.00 | 124 |
| 2019-05-01 | $169,200 (-6.1%) | $206,570 (-3.3%) | 0.00 | 120 |
| 2019-06-01 | $165,000 (-16.2%) | $201,521 (-9.8%) | 0.00 | 124 |
| 2019-07-01 | $154,250 (-22.5%) | $193,301 (-11.7%) | 0.00 | 125 |
| 2019-08-01 | $161,545 (-12.9%) | $199,192 (-3.1%) | 0.00 | 120 |
| 2019-09-01 | $164,614 (-5.9%) | $203,560 (2.0%) | 0.00 | 119 |
| 2019-10-01 | $166,659 (0.5%) | $206,472 (4.4%) | 0.00 | 119 |
| 2019-11-01 | $154,900 (-6.8%) | $198,647 (-3.9%) | 0.00 | 128 |
| 2019-12-01 | $154,925 (-11.4%) | $198,645 (-6.7%) | 0.00 | 124 |
| 2020-01-01 | $145,000 (-8.2%) | $192,254 (-5.1%) | 0.00 | 119 |
| 2020-02-01 | $147,500 (-11.9%) | $196,450 (-9.6%) | 0.00 | 121 |
| 2020-03-01 | $152,750 (-9.0%) | $201,213 (-5.6%) | 0.00 | 122 |
| 2020-04-01 | $165,625 (2.1%) | $203,923 (-1.6%) | 0.00 | 124 |
| 2020-05-01 | $162,450 (-4.0%) | $210,458 (1.9%) | 0.00 | 121 |
| 2020-06-01 | $161,750 (-2.0%) | $206,470 (2.5%) | 0.00 | 120 |
| 2020-07-01 | $155,950 (1.1%) | $198,265 (2.6%) | 0.00 | 111 |
| 2020-08-01 | $155,950 (-3.5%) | $202,075 (1.5%) | 0.00 | 92 |
| 2020-09-01 | $158,675 (-3.6%) | $199,520 (-2.0%) | 0.00 | 91 |
| 2020-10-01 | $155,000 (-7.0%) | $192,070 (-7.0%) | 0.00 | 73 |
| 2020-11-01 | $148,150 (-4.4%) | $186,975 (-5.9%) | 0.00 | 70 |
| 2020-12-01 | $136,950 (-11.6%) | $183,165 (-7.8%) | 0.00 | 61 |
| 2021-01-01 | $124,750 (-14.0%) | $174,883 (-9.0%) | 0.00 | 58 |
| 2021-02-01 | $109,975 (-25.4%) | $151,626 (-22.8%) | 0.00 | 51 |
| 2021-03-01 | $110,000 (-28.0%) | $150,809 (-25.1%) | 0.00 | 43 |
| 2021-04-01 | $119,900 (-27.6%) | $162,680 (-20.2%) | 0.00 | 48 |
| 2021-05-01 | $144,900 (-10.8%) | $185,431 (-11.9%) | 0.00 | 48 |
| 2021-06-01 | $154,975 (-4.2%) | $193,223 (-6.4%) | 0.00 | 54 |
| 2021-07-01 | $153,900 (-1.3%) | $188,851 (-4.8%) | 0.00 | 56 |
| 2021-08-01 | $149,900 (-3.9%) | $219,087 (8.4%) | 0.00 | 59 |
| 2021-09-01 | $149,900 (-5.5%) | $222,352 (11.4%) | 0.00 | 68 |
| 2021-10-01 | $147,000 (-5.2%) | $218,663 (13.9%) | 0.00 | 63 |
| 2021-11-01 | $153,700 (3.8%) | $225,598 (20.7%) | 0.00 | 58 |
| 2021-12-01 | $149,900 (9.5%) | $218,836 (19.5%) | 0.00 | 60 |
| 2022-01-01 | $139,900 (12.1%) | $181,532 (3.8%) | 0.00 | 56 |
| 2022-02-01 | $135,950 (23.6%) | $182,582 (20.4%) | 0.00 | 49 |
| 2022-03-01 | $147,000 (33.6%) | $200,804 (33.2%) | 0.00 | 52 |
| 2022-04-01 | $170,000 (41.8%) | $207,624 (27.6%) | 0.00 | 72 |
| 2022-05-01 | $173,875 (20.0%) | $241,654 (30.3%) | 0.00 | 69 |
| 2022-06-01 | $203,000 (31.0%) | $259,073 (34.1%) | 0.00 | 74 |
| 2022-07-01 | $185,000 (20.2%) | $235,476 (24.7%) | 0.00 | 83 |
| 2022-08-01 | $197,625 (31.8%) | $249,036 (13.7%) | 0.00 | 95 |
| 2022-09-01 | $196,250 (30.9%) | $246,186 (10.7%) | 0.00 | 91 |
| 2022-10-01 | $186,250 (26.7%) | $238,139 (8.9%) | 0.00 | 88 |
| 2022-11-01 | $193,900 (26.2%) | $236,782 (5.0%) | 0.00 | 93 |
| 2022-12-01 | $199,900 (33.4%) | $240,767 (10.0%) | 0.00 | 81 |
| 2023-01-01 | $215,375 (54.0%) | $240,147 (32.3%) | 0.00 | 71 |
| 2023-02-01 | $199,925 (47.1%) | $222,731 (22.0%) | 0.00 | 63 |
| 2023-03-01 | $182,425 (24.1%) | $236,017 (17.5%) | 0.00 | 52 |
| 2023-04-01 | $182,500 (7.4%) | $239,606 (15.4%) | 0.00 | 63 |
| 2023-05-01 | $212,150 (22.0%) | $252,176 (4.4%) | 0.00 | 50 |
| 2023-06-01 | $227,500 (12.1%) | $253,988 (-2.0%) | 0.00 | 67 |
| 2023-07-01 | $225,000 (21.6%) | $241,995 (2.8%) | 0.00 | 68 |
| 2023-08-01 | $220,925 (11.8%) | $245,380 (-1.5%) | 0.00 | 74 |
| 2023-09-01 | $225,000 (14.7%) | $255,508 (3.8%) | 0.00 | 83 |
| 2023-10-01 | $207,000 (11.1%) | $246,304 (3.4%) | 0.00 | 87 |
| 2023-11-01 | $219,450 (13.2%) | $254,671 (7.6%) | 0.00 | 87 |
| 2023-12-01 | $219,900 (10.0%) | $252,251 (4.8%) | 0.00 | 84 |
| 2024-01-01 | $219,950 (2.1%) | $251,281 (4.6%) | 0.00 | 71 |
| 2024-02-01 | $211,225 (5.7%) | $244,892 (10.0%) | 0.00 | 71 |
| 2024-03-01 | $225,000 (23.3%) | $252,349 (6.9%) | 0.00 | 71 |
Muscatine's median listing price comes in at 0% of the national average.
Muscatine's average listing price for 2024-03-01 was $252,349, a difference of $16,332 (6.9%) versus the prior year and $7,457 versus the prior month.
For the 2024-03-01 period, Muscatine had 71 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Muscatine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,546 sqft |
| 2018-02-01 | 0 days | 1,586 sqft |
| 2018-03-01 | 0 days | 1,502 sqft |
| 2018-04-01 | 0 days | 1,617 sqft |
| 2018-05-01 | 0 days | 1,640 sqft |
| 2018-06-01 | 0 days | 1,680 sqft |
| 2018-07-01 | 0 days | 1,686 sqft |
| 2018-08-01 | 0 days | 1,636 sqft |
| 2018-09-01 | 0 days | 1,577 sqft |
| 2018-10-01 | 0 days | 1,548 sqft |
| 2018-11-01 | 0 days | 1,552 sqft |
| 2018-12-01 | 0 days | 1,560 sqft |
| 2019-01-01 | 0 days | 1,513 sqft |
| 2019-02-01 | 0 days | 1,494 sqft |
| 2019-03-01 | 0 days | 1,490 sqft |
| 2019-04-01 | 0 days | 1,469 sqft |
| 2019-05-01 | 0 days | 1,523 sqft |
| 2019-06-01 | 0 days | 1,525 sqft |
| 2019-07-01 | 0 days | 1,536 sqft |
| 2019-08-01 | 0 days | 1,568 sqft |
| 2019-09-01 | 0 days | 1,583 sqft |
| 2019-10-01 | 0 days | 1,593 sqft |
| 2019-11-01 | 0 days | 1,501 sqft |
| 2019-12-01 | 0 days | 1,536 sqft |
| 2020-01-01 | 0 days | 1,533 sqft |
| 2020-02-01 | 0 days | 1,574 sqft |
| 2020-03-01 | 0 days | 1,613 sqft |
| 2020-04-01 | 0 days | 1,632 sqft |
| 2020-05-01 | 0 days | 1,654 sqft |
| 2020-06-01 | 0 days | 1,609 sqft |
| 2020-07-01 | 0 days | 1,572 sqft |
| 2020-08-01 | 0 days | 1,617 sqft |
| 2020-09-01 | 0 days | 1,637 sqft |
| 2020-10-01 | 0 days | 1,626 sqft |
| 2020-11-01 | 0 days | 1,643 sqft |
| 2020-12-01 | 0 days | 1,569 sqft |
| 2021-01-01 | 0 days | 1,464 sqft |
| 2021-02-01 | 0 days | 1,411 sqft |
| 2021-03-01 | 0 days | 1,348 sqft |
| 2021-04-01 | 0 days | 1,268 sqft |
| 2021-05-01 | 0 days | 1,442 sqft |
| 2021-06-01 | 0 days | 1,607 sqft |
| 2021-07-01 | 0 days | 1,476 sqft |
| 2021-08-01 | 0 days | 1,619 sqft |
| 2021-09-01 | 0 days | 1,645 sqft |
| 2021-10-01 | 0 days | 1,640 sqft |
| 2021-11-01 | 0 days | 1,582 sqft |
| 2021-12-01 | 0 days | 1,487 sqft |
| 2022-01-01 | 0 days | 1,446 sqft |
| 2022-02-01 | 0 days | 1,457 sqft |
| 2022-03-01 | 0 days | 1,566 sqft |
| 2022-04-01 | 0 days | 1,611 sqft |
| 2022-05-01 | 0 days | 1,622 sqft |
| 2022-06-01 | 0 days | 1,761 sqft |
| 2022-07-01 | 0 days | 1,757 sqft |
| 2022-08-01 | 0 days | 1,771 sqft |
| 2022-09-01 | 0 days | 1,798 sqft |
| 2022-10-01 | 0 days | 1,798 sqft |
| 2022-11-01 | 0 days | 1,800 sqft |
| 2022-12-01 | 0 days | 1,800 sqft |
| 2023-01-01 | 0 days | 1,760 sqft |
| 2023-02-01 | 0 days | 1,712 sqft |
| 2023-03-01 | 0 days | 1,740 sqft |
| 2023-04-01 | 0 days | 1,688 sqft |
| 2023-05-01 | 0 days | 1,735 sqft |
| 2023-06-01 | 0 days | 1,809 sqft |
| 2023-07-01 | 0 days | 1,858 sqft |
| 2023-08-01 | 0 days | 1,934 sqft |
| 2023-09-01 | 0 days | 1,903 sqft |
| 2023-10-01 | 0 days | 1,785 sqft |
| 2023-11-01 | 0 days | 1,739 sqft |
| 2023-12-01 | 0 days | 1,796 sqft |
| 2024-01-01 | 0 days | 1,872 sqft |
| 2024-02-01 | 0 days | 1,778 sqft |
| 2024-03-01 | 0 days | 1,954 sqft |
Muscatine's median square footage for active listings during the 2024-03-01 period was 1,954 sqft. One year prior, the average listing was 1,740 sqft.