Muskegon VA Loan Rates, Closing Costs & Stats

MUSKEGON, MI

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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.

    Muskegon's 52 lenders originated 268 VA loans during 2024. The total origination value was $70,900,000, with an average VA loan value of $264,552.

    Muskegon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Muskegon averaged 6.67% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Muskegon's average VA mortgage closing costs are $4,998.

    The average rate for the prior week (2025-03-28) was 6.89% and one month ago for the week of 2025-02-28, the average rate was 6.87%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.34%.

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

    Muskegon 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 Muskegon level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 44 6.48% $4,795
    UNITED WHOLESALE MORTGAGE, LLC 26 5.75% $5,385
    QUICKEN LOANS, LLC 26 6.05% $8,802
    PENNYMAC LOAN SERVICES, LLC 16 5.56% $6,490
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 6.43% $5,793
    LAKE MICHIGAN CREDIT UNION 10 6.01% $6,483
    NAVY FEDERAL CREDIT UNION 9 5.97% $5,123
    MORTGAGE 1 INCORPORATED 9 6.92% $7,528
    FREEDOM MORTGAGE CORPORATION 9 5.92% $5,807
    VAN DYK MORTGAGE CORPORATION 8 7.30% $7,062
    NEW DAY FINANCIAL, LLC 8 7.34% $7,495
    VILLAGE CAPITAL MORTGAGE 6 5.69% $3,890
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.43% $14,243
    T2 FINANCIAL LLC 5 6.90% $7,449
    USAA Federal Savings Bank 3 6.58% $7,232
    The Huntington National Bank 3 6.88% $3,801
    CLEARPATH LENDING 3 5.67% $3,228
    Flagstar Bank, FSB 3 6.75% $1,865
    LOANDEPOT.COM, LLC 3 6.49% $13,996
    NEWREZ LLC 3 6.54% $3,956
    CHURCHILL MORTGAGE CORPORATION 2 6.56% $8,152
    AMERISAVE MORTGAGE CORPORATION 2 5.44% $13,380
    GUARANTEED RATE, INC. 2 6.06% $6,809
    GVC MORTGAGE, INC. 2 7.13% $3,131
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $4,250
    LEADERONE FINANCIAL CORPORATION 2 6.88% $4,552
    PLANET HOME LENDING, LLC 2 6.00% $4,177
    The Federal Savings Bank 2 6.00% $15,964
    TOWNE MORTGAGE COMPANY 2 6.38% $8,024
    Independent Bank 1 6.63% $3,581
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $10,605
    HOMESIDE FINANCIAL, LLC 1 6.25% $22,135
    HomePromise Corporation 1 7.38% $12,723
    GUILD MORTGAGE COMPANY 1 6.75% $5,310
    NORTHERN MORTGAGE SERVICES, LLC 1 6.63% $4,293
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $60
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $2,630
    PHH Mortgage Corporation 1 5.49% $8,310
    Carrington Mortgage Services, LLC 1 6.25% $5,589
    FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $8,485
    RUOFF MORTGAGE COMPANY, INC. 1 7.13% $4,096
    Fifth Third Bank 1 6.38% $8,864
    SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $5,172
    FBC MORTGAGE, LLC 1 5.75% $1,736
    BROKER SOLUTIONS, INC. 1 7.25% $13,749
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $17,978
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $11,784
    UNION HOME MORTGAGE CORP. 1 6.00% $2,849
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $19,443
    LOANPAL, LLC 1 5.63% $11,112
    MEMBER FIRST MORTGAGE, LLC 1 6.88% $0
    J. VIRGIL, INC. 1 6.63% $5,446

    The top Muskegon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 44 VA loans originated. Their average total fees are $4,795, which is $590 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Muskegon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,795), UNITED WHOLESALE MORTGAGE, LLC ($5,385), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($5,793), LAKE MICHIGAN CREDIT UNION ($6,483) and PENNYMAC LOAN SERVICES, LLC ($6,490).

    The lowest rate Muskegon VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.56%), UNITED WHOLESALE MORTGAGE, LLC (5.75%), LAKE MICHIGAN CREDIT UNION (6.01%), QUICKEN LOANS, LLC (6.05%) and ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.43%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Muskegon (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 $149,900 (11.1%) $240,646 (-2.8%) 0.56 439
    2018-02-01 $164,900 (22.2%) $256,099 (1.5%) 0.60 395
    2018-03-01 $179,900 (21.0%) $272,687 (4.6%) 0.63 360
    2018-04-01 $172,175 (14.9%) $271,315 (7.1%) 0.58 374
    2018-05-01 $183,675 (18.2%) $270,623 (11.9%) 0.61 395
    2018-06-01 $179,900 (14.6%) $267,568 (12.3%) 0.60 438
    2018-07-01 $164,900 (6.5%) $251,741 (5.1%) 0.55 494
    2018-08-01 $161,900 (5.0%) $246,666 (5.0%) 0.54 531
    2018-09-01 $154,900 (3.3%) $241,272 (3.8%) 0.52 556
    2018-10-01 $162,600 (8.5%) $239,960 (-0.3%) 0.55 573
    2018-11-01 $157,700 (5.2%) $233,546 (-5.5%) 0.53 533
    2018-12-01 $160,000 (6.7%) $233,817 (-2.7%) 0.55 489
    2019-01-01 $161,950 (8.0%) $229,913 (-4.5%) 0.56 452
    2019-02-01 $172,200 (4.4%) $242,884 (-5.2%) 0.58 412
    2019-03-01 $183,121 (1.8%) $248,999 (-8.7%) 0.60 387
    2019-04-01 $191,975 (11.5%) $251,005 (-7.5%) 0.61 366
    2019-05-01 $209,925 (14.3%) $259,867 (-4.0%) 0.66 350
    2019-06-01 $219,900 (22.2%) $317,974 (18.8%) 0.69 369
    2019-07-01 $211,425 (28.2%) $302,124 (20.0%) 0.66 410
    2019-08-01 $194,445 (20.1%) $278,339 (12.8%) 0.62 466
    2019-09-01 $186,264 (20.3%) $262,067 (8.6%) 0.60 513
    2019-10-01 $179,900 (10.6%) $250,534 (4.4%) 0.58 545
    2019-11-01 $174,900 (10.9%) $250,063 (7.1%) 0.57 519
    2019-12-01 $163,675 (2.3%) $251,438 (7.5%) 0.55 477
    2020-01-01 $169,675 (4.8%) $261,550 (13.8%) 0.57 413
    2020-02-01 $174,900 (1.6%) $266,556 (9.8%) 0.57 412
    2020-03-01 $186,400 (1.8%) $279,193 (12.1%) 0.58 406
    2020-04-01 $207,400 (8.0%) $287,990 (14.7%) 0.65 360
    2020-05-01 $215,000 (2.4%) $305,819 (17.7%) 0.65 358
    2020-06-01 $243,900 (10.9%) $338,076 (6.3%) 0.72 307
    2020-07-01 $244,500 (15.6%) $344,794 (14.1%) 0.71 307
    2020-08-01 $239,900 (23.4%) $362,562 (30.3%) 0.69 298
    2020-09-01 $234,900 (26.1%) $337,954 (29.0%) 0.67 281
    2020-10-01 $209,950 (16.7%) $306,432 (22.3%) 0.60 302
    2020-11-01 $192,450 (10.0%) $290,705 (16.3%) 0.56 275
    2020-12-01 $188,650 (15.3%) $261,977 (4.2%) 0.56 218
    2021-01-01 $184,900 (9.0%) $267,870 (2.4%) 0.55 178
    2021-02-01 $200,000 (14.4%) $278,278 (4.4%) 0.58 130
    2021-03-01 $193,650 (3.9%) $279,046 (-0.1%) 0.55 140
    2021-04-01 $196,900 (-5.1%) $300,294 (4.3%) 0.53 131
    2021-05-01 $200,000 (-7.0%) $285,791 (-6.6%) 0.53 152
    2021-06-01 $213,650 (-12.4%) $286,447 (-15.3%) 0.56 184
    2021-07-01 $212,450 (-13.1%) $274,068 (-20.5%) 0.56 221
    2021-08-01 $201,200 (-16.1%) $283,306 (-21.9%) 0.54 235
    2021-09-01 $197,200 (-16.1%) $290,763 (-14.0%) 0.53 248
    2021-10-01 $205,000 (-2.4%) $295,767 (-3.5%) 0.55 233
    2021-11-01 $189,900 (-1.3%) $284,309 (-2.2%) 0.51 213
    2021-12-01 $191,950 (1.8%) $286,511 (9.4%) 0.52 178
    2022-01-01 $199,900 (8.1%) $321,407 (20.0%) 0.54 123
    2022-02-01 $219,650 (9.8%) $325,764 (17.1%) 0.57 120
    2022-03-01 $202,450 (4.5%) $323,161 (15.8%) 0.51 142
    2022-04-01 $209,900 (6.6%) $311,316 (3.7%) 0.50 138
    2022-05-01 $214,925 (7.5%) $312,592 (9.4%) 0.49 193
    2022-06-01 $233,850 (9.5%) $308,988 (7.9%) 0.52 220
    2022-07-01 $239,900 (12.9%) $304,472 (11.1%) 0.54 269
    2022-08-01 $247,450 (23.0%) $312,595 (10.3%) 0.57 301
    2022-09-01 $238,900 (21.2%) $305,692 (5.1%) 0.56 275
    2022-10-01 $229,700 (12.1%) $300,907 (1.7%) 0.54 305
    2022-11-01 $219,950 (15.8%) $297,048 (4.5%) 0.53 299
    2022-12-01 $199,900 (4.1%) $264,299 (-7.8%) 0.49 279
    2023-01-01 $192,450 (-3.7%) $262,692 (-18.3%) 0.48 237
    2023-02-01 $196,000 (-10.8%) $266,914 (-18.1%) 0.47 201
    2023-03-01 $218,675 (8.0%) $277,251 (-14.2%) 0.52 166
    2023-04-01 $220,000 (4.8%) $298,155 (-4.2%) 0.51 161
    2023-05-01 $235,475 (9.6%) $311,686 (-0.3%) 0.53 167
    2023-06-01 $276,175 (18.1%) $333,351 (7.9%) 0.62 212
    2023-07-01 $305,000 (27.1%) $375,086 (23.2%) 0.69 262
    2023-08-01 $286,150 (15.6%) $365,056 (16.8%) 0.66 303
    2023-09-01 $299,900 (25.5%) $381,237 (24.7%) 0.70 344
    2023-10-01 $279,925 (21.9%) $370,419 (23.1%) 0.66 381
    2023-11-01 $269,900 (22.7%) $344,308 (15.9%) 0.64 375
    2023-12-01 $254,900 (27.5%) $341,431 (29.2%) 0.62 352
    2024-01-01 $253,650 (31.8%) $345,215 (31.4%) 0.62 341
    2024-02-01 $249,400 (27.2%) $336,324 (26.0%) 0.60 326
    2024-03-01 $299,950 (37.2%) $380,194 (37.1%) 0.71 279
    2024-04-01 $299,950 (36.3%) $407,062 (36.5%) 0.70 269
    2024-05-01 $333,950 (41.8%) $440,187 (41.2%) 0.76 298
    2024-06-01 $319,900 (15.8%) $420,613 (26.2%) 0.73 318
    2024-07-01 $309,400 (1.4%) $407,673 (8.7%) 0.71 377
    2024-08-01 $299,900 (4.8%) $396,580 (8.6%) 0.70 423
    2024-09-01 $299,900 (0.0%) $396,325 (4.0%) 0.71 433
    2024-10-01 $272,450 (-2.7%) $379,218 (2.4%) 0.64 445
    2024-11-01 $265,000 (-1.8%) $363,919 (5.7%) 0.64 467
    2024-12-01 $249,900 (-2.0%) $352,653 (3.3%) 0.62 404
    2025-01-01 $247,400 (-2.5%) $350,055 (1.4%) 0.62 370
    2025-02-01 $259,900 (4.2%) $359,060 (6.8%) 0.63 320
    2025-03-01 $265,000 (-11.7%) $370,796 (-2.5%) 0.00 298
    Muskegon's median listing price for 2025-03-01 was $265,000, a difference of $-34,950 (-11.7%) versus the prior year and $5,100 versus the prior month.

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

    Muskegon's average listing price for 2025-03-01 was $370,796, a difference of $-9,398 (-2.5%) versus the prior year and $11,736 versus the prior month.

    For the 2025-03-01 period, Muskegon had 298 MLS listings, a difference of -22 listings (-7%) versus the prior month and 19 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Muskegon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 75 days 1,613 sqft
    2018-02-01 67 days 1,639 sqft
    2018-03-01 54 days 1,698 sqft
    2018-04-01 45 days 1,660 sqft
    2018-05-01 45 days 1,680 sqft
    2018-06-01 36 days 1,710 sqft
    2018-07-01 41 days 1,652 sqft
    2018-08-01 39 days 1,648 sqft
    2018-09-01 47 days 1,641 sqft
    2018-10-01 50 days 1,647 sqft
    2018-11-01 49 days 1,612 sqft
    2018-12-01 60 days 1,574 sqft
    2019-01-01 69 days 1,565 sqft
    2019-02-01 70 days 1,607 sqft
    2019-03-01 63 days 1,649 sqft
    2019-04-01 52 days 1,679 sqft
    2019-05-01 46 days 1,800 sqft
    2019-06-01 32 days 1,830 sqft
    2019-07-01 36 days 1,820 sqft
    2019-08-01 36 days 1,774 sqft
    2019-09-01 38 days 1,736 sqft
    2019-10-01 41 days 1,720 sqft
    2019-11-01 54 days 1,657 sqft
    2019-12-01 66 days 1,593 sqft
    2020-01-01 71 days 1,607 sqft
    2020-02-01 65 days 1,539 sqft
    2020-03-01 48 days 1,550 sqft
    2020-04-01 61 days 1,566 sqft
    2020-05-01 71 days 1,652 sqft
    2020-06-01 58 days 1,652 sqft
    2020-07-01 44 days 1,663 sqft
    2020-08-01 44 days 1,621 sqft
    2020-09-01 48 days 1,557 sqft
    2020-10-01 46 days 1,521 sqft
    2020-11-01 45 days 1,511 sqft
    2020-12-01 57 days 1,456 sqft
    2021-01-01 52 days 1,434 sqft
    2021-02-01 38 days 1,375 sqft
    2021-03-01 34 days 1,396 sqft
    2021-04-01 34 days 1,423 sqft
    2021-05-01 31 days 1,480 sqft
    2021-06-01 28 days 1,513 sqft
    2021-07-01 29 days 1,512 sqft
    2021-08-01 30 days 1,536 sqft
    2021-09-01 35 days 1,519 sqft
    2021-10-01 38 days 1,524 sqft
    2021-11-01 46 days 1,455 sqft
    2021-12-01 50 days 1,434 sqft
    2022-01-01 53 days 1,422 sqft
    2022-02-01 44 days 1,454 sqft
    2022-03-01 30 days 1,455 sqft
    2022-04-01 29 days 1,484 sqft
    2022-05-01 26 days 1,472 sqft
    2022-06-01 30 days 1,562 sqft
    2022-07-01 32 days 1,560 sqft
    2022-08-01 36 days 1,565 sqft
    2022-09-01 42 days 1,565 sqft
    2022-10-01 39 days 1,565 sqft
    2022-11-01 44 days 1,533 sqft
    2022-12-01 45 days 1,502 sqft
    2023-01-01 57 days 1,430 sqft
    2023-02-01 55 days 1,429 sqft
    2023-03-01 39 days 1,480 sqft
    2023-04-01 37 days 1,560 sqft
    2023-05-01 32 days 1,496 sqft
    2023-06-01 29 days 1,523 sqft
    2023-07-01 31 days 1,527 sqft
    2023-08-01 37 days 1,540 sqft
    2023-09-01 44 days 1,564 sqft
    2023-10-01 43 days 1,548 sqft
    2023-11-01 53 days 1,498 sqft
    2023-12-01 58 days 1,484 sqft
    2024-01-01 67 days 1,484 sqft
    2024-02-01 69 days 1,484 sqft
    2024-03-01 57 days 1,484 sqft
    2024-04-01 58 days 1,484 sqft
    2024-05-01 45 days 1,495 sqft
    2024-06-01 39 days 1,484 sqft
    2024-07-01 37 days 1,484 sqft
    2024-08-01 38 days 1,521 sqft
    2024-09-01 42 days 1,532 sqft
    2024-10-01 48 days 1,484 sqft
    2024-11-01 48 days 1,484 sqft
    2024-12-01 58 days 1,484 sqft
    2025-01-01 65 days 1,480 sqft
    2025-02-01 66 days 1,484 sqft
    2025-03-01 0 days 1,484 sqft
    Muskegon's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Muskegon's median square footage for active listings during the 2025-03-01 period was 1,484 sqft. One year prior, the average listing was 1,484 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.