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 0.71% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.96% and one month ago for the week of 2025-05-16, the average rate was 6.92%.

    The average rate one year ago was 7.11%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.38%.

    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%).

    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.