Nassau County VA Loan Rates, Closing Costs & Stats

NASSAU COUNTY-SUFFOLK COUNTY, NY

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.

Nassau County VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Nassau County averaged 0% for the week of 2023-11-17, compared to the national average (all VA variants) of 7.057% for the same period.

Nassau County's average VA mortgage closing costs are $0.

The average rate for the prior week (2023-11-10) was 0% and one month ago for the week of 2023-10-13, the average rate was 0%.

The average rate one year ago was 0%.

For refis of the same type during the week of 2023-11-17, the average rate was 0%.

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

Nassau County 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 Nassau County level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Nassau County (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 $499,000 (13.2%) $1,183,848 (11.5%) 1.85 48,078
2018-02-01 $519,000 (14.2%) $1,187,290 (7.0%) 1.89 50,519
2018-03-01 $529,990 (11.6%) $1,165,830 (4.1%) 1.86 54,044
2018-04-01 $549,288 (12.1%) $1,162,468 (1.3%) 1.86 57,192
2018-05-01 $559,000 (11.9%) $1,155,699 (1.3%) 1.87 62,369
2018-06-01 $559,900 (12.0%) $1,137,634 (0.1%) 1.87 65,396
2018-07-01 $552,746 (10.6%) $1,118,190 (-0.6%) 1.85 66,072
2018-08-01 $549,000 (10.2%) $1,084,990 (-1.6%) 1.84 65,244
2018-09-01 $549,900 (10.2%) $1,092,591 (-2.4%) 1.85 65,824
2018-10-01 $549,999 (8.9%) $1,103,774 (-3.8%) 1.86 66,124
2018-11-01 $549,900 (10.0%) $1,115,330 (-3.2%) 1.86 63,702
2018-12-01 $540,000 (8.0%) $1,115,419 (-4.1%) 1.86 57,619
2019-01-01 $535,000 (7.2%) $1,114,648 (-5.9%) 1.85 53,021
2019-02-01 $547,000 (5.4%) $1,128,535 (-5.0%) 1.85 55,004
2019-03-01 $560,143 (5.7%) $1,129,832 (-3.1%) 1.83 58,573
2019-04-01 $575,000 (4.7%) $1,125,884 (-3.2%) 1.83 62,600
2019-05-01 $589,000 (5.4%) $1,130,654 (-2.2%) 1.84 68,044
2019-06-01 $585,000 (4.5%) $1,121,808 (-1.4%) 1.83 69,943
2019-07-01 $575,000 (4.0%) $1,107,799 (-0.9%) 1.80 68,901
2019-08-01 $575,818 (4.9%) $1,102,068 (1.6%) 1.82 68,034
2019-09-01 $577,045 (4.9%) $1,114,874 (2.0%) 1.85 67,168
2019-10-01 $577,864 (5.1%) $1,125,163 (1.9%) 1.86 66,028
2019-11-01 $575,000 (4.6%) $1,138,453 (2.1%) 1.89 62,137
2019-12-01 $574,250 (6.3%) $1,164,229 (4.4%) 1.91 54,253
2020-01-01 $565,000 (5.6%) $1,173,259 (5.3%) 1.89 49,998
2020-02-01 $575,000 (5.1%) $1,176,774 (4.3%) 1.89 51,377
2020-03-01 $589,950 (5.3%) $1,181,586 (4.6%) 1.85 52,873
2020-04-01 $598,919 (4.2%) $1,221,279 (8.5%) 1.88 48,982
2020-05-01 $599,000 (1.7%) $1,197,451 (5.9%) 1.82 48,643
2020-06-01 $599,944 (2.6%) $1,191,407 (6.2%) 1.77 51,190
2020-07-01 $627,000 (9.0%) $1,207,722 (9.0%) 1.82 54,357
2020-08-01 $640,000 (11.2%) $1,250,249 (13.5%) 1.83 54,382
2020-09-01 $649,000 (12.5%) $1,264,201 (13.4%) 1.86 54,573
2020-10-01 $649,999 (12.5%) $1,292,958 (14.9%) 1.86 55,665
2020-11-01 $649,000 (12.9%) $1,308,060 (14.9%) 1.90 52,177
2020-12-01 $649,000 (13.0%) $1,328,971 (14.2%) 1.93 46,933
2021-01-01 $649,000 (14.9%) $1,375,909 (17.3%) 1.94 40,460
2021-02-01 $649,950 (13.0%) $1,399,963 (19.0%) 1.89 38,708
2021-03-01 $649,000 (10.0%) $1,384,176 (17.2%) 1.84 38,462
2021-04-01 $649,948 (8.5%) $1,392,774 (14.0%) 1.76 40,119
2021-05-01 $649,995 (8.5%) $1,380,641 (15.3%) 1.73 42,340
2021-06-01 $645,371 (7.6%) $1,341,064 (12.6%) 1.70 44,884
2021-07-01 $625,000 (-0.3%) $1,297,611 (7.4%) 1.65 45,176
2021-08-01 $617,000 (-3.6%) $1,281,947 (2.5%) 1.65 44,670
2021-09-01 $605,000 (-6.8%) $1,285,038 (1.7%) 1.61 43,618
2021-10-01 $619,000 (-4.8%) $1,303,291 (0.8%) 1.65 43,541
2021-11-01 $621,950 (-4.2%) $1,352,541 (3.4%) 1.66 39,094
2021-12-01 $619,250 (-4.6%) $1,385,108 (4.2%) 1.68 32,924
2022-01-01 $625,000 (-3.7%) $1,494,589 (8.6%) 1.69 28,166
2022-02-01 $637,125 (-2.0%) $1,442,437 (3.0%) 1.66 28,501
2022-03-01 $649,444 (0.1%) $1,450,488 (4.8%) 1.63 30,422
2022-04-01 $660,000 (1.6%) $1,448,165 (4.0%) 1.57 32,093
2022-05-01 $675,000 (3.9%) $1,431,685 (3.7%) 1.54 36,017
2022-06-01 $675,000 (4.6%) $1,377,868 (2.7%) 1.50 38,792
2022-07-01 $659,000 (5.4%) $1,336,147 (3.0%) 1.48 41,019
2022-08-01 $650,000 (5.4%) $1,318,876 (2.9%) 1.50 40,186
2022-09-01 $660,000 (9.1%) $1,365,893 (6.3%) 1.54 39,688
2022-10-01 $674,495 (9.0%) $1,454,790 (11.6%) 1.59 40,051
2022-11-01 $669,500 (7.7%) $1,496,955 (10.7%) 1.61 38,651
2022-12-01 $660,000 (6.6%) $1,519,408 (9.7%) 1.63 33,980
2023-01-01 $662,500 (6.0%) $1,547,386 (3.5%) 1.64 30,695
2023-02-01 $679,950 (6.7%) $1,577,426 (9.4%) 1.64 30,175
2023-03-01 $698,500 (7.6%) $1,590,348 (9.6%) 1.65 30,145
2023-04-01 $699,999 (6.1%) $1,611,768 (11.3%) 1.63 31,315
2023-05-01 $734,889 (8.9%) $1,673,035 (16.9%) 1.66 32,420
2023-06-01 $749,000 (11.0%) $1,624,692 (17.9%) 1.68 33,239
2023-07-01 $737,500 (11.9%) $1,591,886 (19.1%) 1.68 33,112
2023-08-01 $717,000 (10.3%) $1,555,281 (17.9%) 1.65 32,798
2023-09-01 $719,000 (8.9%) $1,541,832 (12.9%) 1.67 34,729
2023-10-01 $729,500 (8.2%) $1,608,290 (10.6%) 1.72 33,896
Nassau County's median listing price for 2023-10-01 was $729,500, a difference of $55,005 (8.2%) versus the prior year and $10,500 versus the prior month.

Nassau County's median listing price comes in at 172% of the national average.

Nassau County's average listing price for 2023-10-01 was $1,608,290, a difference of $153,500 (10.6%) versus the prior year and $66,458 versus the prior month.

For the 2023-10-01 period, Nassau County had 33,896 MLS listings, a difference of -833 listings (-2%) versus the prior month and -6,155 listings (-15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Nassau County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 84 days 1,839 sqft
2018-02-01 72 days 1,856 sqft
2018-03-01 52 days 1,882 sqft
2018-04-01 51 days 1,895 sqft
2018-05-01 46 days 1,909 sqft
2018-06-01 50 days 1,917 sqft
2018-07-01 59 days 1,918 sqft
2018-08-01 65 days 1,912 sqft
2018-09-01 66 days 1,900 sqft
2018-10-01 64 days 1,886 sqft
2018-11-01 65 days 1,862 sqft
2018-12-01 78 days 1,840 sqft
2019-01-01 82 days 1,822 sqft
2019-02-01 73 days 1,833 sqft
2019-03-01 59 days 1,867 sqft
2019-04-01 50 days 1,909 sqft
2019-05-01 50 days 1,927 sqft
2019-06-01 55 days 1,936 sqft
2019-07-01 64 days 1,928 sqft
2019-08-01 67 days 1,923 sqft
2019-09-01 69 days 1,914 sqft
2019-10-01 70 days 1,908 sqft
2019-11-01 71 days 1,860 sqft
2019-12-01 85 days 1,840 sqft
2020-01-01 90 days 1,826 sqft
2020-02-01 75 days 1,842 sqft
2020-03-01 54 days 1,854 sqft
2020-04-01 71 days 1,861 sqft
2020-05-01 85 days 1,872 sqft
2020-06-01 86 days 1,869 sqft
2020-07-01 47 days 1,806 sqft
2020-08-01 47 days 1,758 sqft
2020-09-01 51 days 1,702 sqft
2020-10-01 51 days 1,686 sqft
2020-11-01 60 days 1,648 sqft
2020-12-01 74 days 1,607 sqft
2021-01-01 84 days 1,568 sqft
2021-02-01 78 days 1,533 sqft
2021-03-01 55 days 1,531 sqft
2021-04-01 44 days 1,542 sqft
2021-05-01 41 days 1,564 sqft
2021-06-01 44 days 1,577 sqft
2021-07-01 47 days 1,590 sqft
2021-08-01 53 days 1,581 sqft
2021-09-01 57 days 1,561 sqft
2021-10-01 57 days 1,534 sqft
2021-11-01 59 days 1,506 sqft
2021-12-01 70 days 1,458 sqft
2022-01-01 79 days 1,427 sqft
2022-02-01 60 days 1,406 sqft
2022-03-01 40 days 1,429 sqft
2022-04-01 39 days 1,450 sqft
2022-05-01 38 days 1,504 sqft
2022-06-01 39 days 1,551 sqft
2022-07-01 44 days 1,566 sqft
2022-08-01 54 days 1,553 sqft
2022-09-01 59 days 1,548 sqft
2022-10-01 59 days 1,536 sqft
2022-11-01 62 days 1,528 sqft
2022-12-01 75 days 1,502 sqft
2023-01-01 82 days 1,490 sqft
2023-02-01 75 days 1,485 sqft
2023-03-01 55 days 1,489 sqft
2023-04-01 50 days 1,498 sqft
2023-05-01 48 days 1,506 sqft
2023-06-01 51 days 1,530 sqft
2023-07-01 54 days 1,560 sqft
2023-08-01 59 days 1,559 sqft
2023-09-01 60 days 1,563 sqft
2023-10-01 56 days 1,572 sqft
Nassau County's median listing age (time on market) for 2023-10-01 was 56 days. This is -5% shorter than the same period one year ago.

Nassau County's median square footage for active listings during the 2023-10-01 period was 1,572 sqft. One year prior, the average listing was 1,536 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.