Muscatine VA Loan Rates, Closing Costs & Stats

Muscatine, 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.

    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 6.28% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Muscatine's average VA mortgage closing costs are $5,110.

    The average rate for the prior week (2024-12-06) was 6.02% and one month ago for the week of 2024-11-08, the average rate was 6.21%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

    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
    2024-04-01 $236,150 (29.4%) $263,436 (10.0%) 0.00 86
    2024-05-01 $247,450 (16.6%) $274,234 (8.8%) 0.00 80
    2024-06-01 $230,000 (1.1%) $255,226 (0.5%) 0.00 83
    2024-07-01 $242,475 (7.8%) $270,887 (11.9%) 0.00 87
    2024-08-01 $249,950 (13.1%) $277,152 (13.0%) 0.00 91
    2024-09-01 $224,500 (-0.2%) $244,711 (-4.2%) 0.00 97
    2024-10-01 $229,125 (10.7%) $244,909 (-0.6%) 0.00 98
    2024-11-01 $227,000 (3.4%) $241,342 (-5.2%) 0.00 95
    Muscatine's median listing price for 2024-11-01 was $227,000, a difference of $7,550 (3.4%) versus the prior year and $-2,125 versus the prior month.

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

    Muscatine's average listing price for 2024-11-01 was $241,342, a difference of $-13,329 (-5.2%) versus the prior year and $-3,567 versus the prior month.

    For the 2024-11-01 period, Muscatine had 95 MLS listings, a difference of -3 listings (-3%) versus the prior month and 8 listings (9%) 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
    2024-04-01 0 days 1,892 sqft
    2024-05-01 0 days 2,119 sqft
    2024-06-01 0 days 1,897 sqft
    2024-07-01 0 days 1,968 sqft
    2024-08-01 0 days 1,945 sqft
    2024-09-01 0 days 1,807 sqft
    2024-10-01 0 days 1,887 sqft
    2024-11-01 0 days 1,865 sqft
    Muscatine's median listing age (time on market) for 2024-11-01 was 0 days.

    Muscatine's median square footage for active listings during the 2024-11-01 period was 1,865 sqft. One year prior, the average listing was 1,739 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.