New Haven VA Loan Rates, Closing Costs & Stats

NEW HAVEN-MILFORD, CT

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    New Haven's 62 lenders originated 314 VA loans during 2023. The total origination value was $110,420,000, with an average VA loan value of $351,656.

    New Haven VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in New Haven averaged 6.3% for the week of 2025-03-14, compared to the national average (all VA variants) of 6.169% for the same period.

    New Haven's average VA mortgage closing costs are $6,648.

    The average rate for the prior week (2025-03-07) was 6.15% and one month ago for the week of 2025-02-07, the average rate was 6.49%.

    The average rate one year ago was 6.58%.

    For refis of the same type during the week of 2025-03-14, the average rate was 6.85%.

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

    New Haven 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 New Haven level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 85 6.70% $9,711
    QUICKEN LOANS, LLC 33 6.06% $12,222
    UNITED WHOLESALE MORTGAGE, LLC 17 6.45% $11,845
    USAA Federal Savings Bank 16 6.46% $11,891
    NAVY FEDERAL CREDIT UNION 12 5.92% $6,624
    FREEDOM MORTGAGE CORPORATION 10 6.80% $14,984
    LOANDEPOT.COM, LLC 9 6.58% $12,279
    NEW DAY FINANCIAL, LLC 7 7.66% $12,184
    Citizens Bank 6 6.44% $10,631
    TOTAL MORTGAGE SERVICES, LLC 6 6.48% $10,851
    PENNYMAC LOAN SERVICES, LLC 6 6.08% $8,984
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.83% $8,761
    Barrington Bank & Trust Company, N.A. 5 6.35% $10,048
    PLAZA HOME MORTGAGE, INC. 5 6.35% $9,778
    GUARANTEED RATE, INC. 5 6.18% $6,380
    The Federal Savings Bank 5 6.55% $16,649
    MOVEMENT MORTGAGE, LLC 5 6.25% $4,016
    Mr. Cooper ( Nationstar Mortgage ) 4 5.75% $12,787
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.33% $16,355
    CARDINAL FINANCIAL 3 6.17% $20,294
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.25% $10,587
    NORWICH COMMERCIAL GROUP, INC. 3 6.58% $4,499
    NEWREZ LLC 3 6.50% $12,427
    NBKC BANK 3 5.75% $12,534
    CROSSCOUNTRY MORTGAGE, LLC 3 6.65% $5,120
    VILLAGE CAPITAL MORTGAGE 2 5.57% $9,624
    PENTAGON FEDERAL CREDIT UNION 2 6.56% $13,596
    AMERICAN FINANCIAL NETWORK, INC. 2 6.94% $17,615
    GUARANTEED RATE AFFINITY, LLC 2 6.00% $8,964
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.25% $14,621
    Waterstone Mortgage Corporation 1 7.25% $19,818
    Acre Mortgage and Financial Inc 1 6.88% $9,065
    Wells Fargo Bank 1 5.63% $0
    AMCAP MORTGAGE, LTD. 1 6.00% $12,365
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $17,160
    Bank of England 1 6.25% $4,670
    BNC National Bank 1 5.63% $9,992
    BROKER SOLUTIONS, INC. 1 6.25% $5,395
    CMG MORTGAGE, INC. 1 6.50% $12,422
    DAS Acquisition Company, LLC 1 7.75% $600
    EMM LOANS LLC 1 5.38% $11,860
    Equity Prime Mortgage LLC 1 7.25% $16,965
    EQUITY RESOURCES, INC. 1 6.99% $9,636
    First Federal Bank 1 5.75% $4,978
    Flagstar Bank, FSB 1 5.63% $10,153
    Gateway First Bank 1 6.13% $10,301
    HOMESTEAD FUNDING CORP. 1 7.25% $16,464
    MORTGAGE EQUITY PARTNERS LLC 1 6.99% $8,194
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $40,771
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $15,067
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $12,172
    NBH Bank 1 5.75% $10,700
    Paramount Residential Mortgage Group, Inc. 1 7.50% $20,451
    PLANET HOME LENDING, LLC 1 6.88% $4,146
    PREMIA MORTGAGE, LLC 1 6.25% $8,857
    PROVINCE MORTGAGE ASSOCIATES, INC. 1 7.75% $22,848
    RESIDENTIAL HOME FUNDING CORP. 1 5.63% $18,341
    Residential Mortgage Solutions, Inc. 1 6.63% $12,712
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.25% $16,740
    Strong Home Mortgage, LLC 1 6.25% $6,123
    T2 FINANCIAL LLC 1 7.75% $696
    TOP FLITE FINANCIAL, INC. 1 6.75% $16,111

    The top New Haven VA lender as defined by loan originations is Mortgage Research Center, LLC, with 85 VA loans originated. Their average total fees are $9,711, which is $2,511 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee New Haven VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,624), Mortgage Research Center, LLC ($9,711), UNITED WHOLESALE MORTGAGE, LLC ($11,845), USAA Federal Savings Bank ($11,891) and QUICKEN LOANS, LLC ($12,222).

    The lowest rate New Haven VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.92%), QUICKEN LOANS, LLC (6.06%), UNITED WHOLESALE MORTGAGE, LLC (6.45%), USAA Federal Savings Bank (6.46%) and Mortgage Research Center, LLC (6.70%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Haven (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 $277,250 (7.1%) $464,125 (12.4%) 1.03 1,772
    2018-02-01 $282,450 (5.8%) $476,159 (14.8%) 1.03 1,750
    2018-03-01 $294,900 (6.5%) $482,061 (15.9%) 1.03 1,855
    2018-04-01 $304,500 (6.8%) $467,405 (10.2%) 1.03 1,931
    2018-05-01 $314,500 (8.6%) $439,383 (1.3%) 1.05 2,073
    2018-06-01 $319,000 (10.1%) $433,889 (-4.2%) 1.06 2,192
    2018-07-01 $314,950 (8.6%) $446,156 (-1.2%) 1.05 2,254
    2018-08-01 $309,950 (7.0%) $424,131 (-5.7%) 1.04 2,292
    2018-09-01 $309,000 (6.9%) $427,709 (-5.7%) 1.04 2,294
    2018-10-01 $299,575 (3.3%) $426,596 (-5.8%) 1.01 2,261
    2018-11-01 $289,000 (2.3%) $415,535 (-7.8%) 0.98 2,147
    2018-12-01 $279,900 (0.0%) $410,706 (-9.4%) 0.97 1,928
    2019-01-01 $277,900 (0.2%) $408,861 (-11.9%) 0.96 1,731
    2019-02-01 $282,400 (0.0%) $411,486 (-13.6%) 0.95 1,725
    2019-03-01 $295,336 (0.2%) $422,669 (-12.3%) 0.97 1,816
    2019-04-01 $312,125 (2.5%) $434,738 (-7.0%) 0.99 1,893
    2019-05-01 $307,225 (-2.3%) $432,577 (-1.6%) 0.96 2,000
    2019-06-01 $309,000 (-3.1%) $430,274 (-0.8%) 0.97 2,061
    2019-07-01 $307,450 (-2.4%) $431,866 (-3.2%) 0.96 2,052
    2019-08-01 $299,655 (-3.3%) $424,842 (0.2%) 0.95 2,012
    2019-09-01 $299,286 (-3.1%) $420,838 (-1.6%) 0.96 1,929
    2019-10-01 $298,500 (-0.4%) $418,168 (-2.0%) 0.96 1,854
    2019-11-01 $289,900 (0.3%) $407,550 (-1.9%) 0.95 1,691
    2019-12-01 $289,225 (3.3%) $409,268 (-0.4%) 0.96 1,452
    2020-01-01 $287,400 (3.4%) $411,134 (0.6%) 0.96 1,261
    2020-02-01 $299,000 (5.9%) $425,471 (3.4%) 0.98 1,214
    2020-03-01 $319,000 (8.0%) $441,404 (4.4%) 1.00 1,250
    2020-04-01 $314,900 (0.9%) $445,208 (2.4%) 0.99 1,252
    2020-05-01 $325,000 (5.8%) $463,012 (7.0%) 0.99 1,147
    2020-06-01 $342,175 (10.7%) $494,944 (15.0%) 1.01 1,011
    2020-07-01 $359,800 (17.0%) $511,012 (18.3%) 1.04 978
    2020-08-01 $352,000 (17.5%) $510,883 (20.3%) 1.01 1,001
    2020-09-01 $334,950 (11.9%) $508,923 (20.9%) 0.96 1,022
    2020-10-01 $334,900 (12.2%) $504,552 (20.7%) 0.96 998
    2020-11-01 $329,925 (13.8%) $497,870 (22.2%) 0.96 933
    2020-12-01 $329,900 (14.1%) $507,386 (24.0%) 0.98 818
    2021-01-01 $340,000 (18.3%) $520,685 (26.7%) 1.01 656
    2021-02-01 $337,861 (13.0%) $523,541 (23.1%) 0.98 532
    2021-03-01 $341,700 (7.1%) $544,316 (23.3%) 0.97 535
    2021-04-01 $359,450 (14.2%) $572,826 (28.7%) 0.97 559
    2021-05-01 $349,700 (7.6%) $562,544 (21.5%) 0.93 644
    2021-06-01 $344,500 (0.7%) $551,858 (11.5%) 0.91 743
    2021-07-01 $349,900 (-2.8%) $559,318 (9.5%) 0.92 818
    2021-08-01 $349,925 (-0.6%) $531,247 (4.0%) 0.93 900
    2021-09-01 $344,998 (3.0%) $521,112 (2.4%) 0.92 897
    2021-10-01 $354,900 (6.0%) $528,801 (4.8%) 0.95 866
    2021-11-01 $349,975 (6.1%) $515,811 (3.6%) 0.94 710
    2021-12-01 $340,950 (3.4%) $510,414 (0.6%) 0.92 577
    2022-01-01 $349,900 (2.9%) $534,968 (2.7%) 0.95 448
    2022-02-01 $375,000 (11.0%) $572,009 (9.3%) 0.98 389
    2022-03-01 $377,450 (10.5%) $555,969 (2.1%) 0.94 390
    2022-04-01 $369,900 (2.9%) $567,922 (-0.9%) 0.88 447
    2022-05-01 $370,225 (5.9%) $545,369 (-3.1%) 0.85 553
    2022-06-01 $379,900 (10.3%) $544,252 (-1.4%) 0.85 620
    2022-07-01 $379,900 (8.6%) $537,717 (-3.9%) 0.86 688
    2022-08-01 $384,900 (10.0%) $530,214 (-0.2%) 0.89 694
    2022-09-01 $379,675 (10.1%) $537,842 (3.2%) 0.89 720
    2022-10-01 $359,900 (1.4%) $533,048 (0.8%) 0.85 743
    2022-11-01 $369,950 (5.7%) $527,289 (2.2%) 0.89 721
    2022-12-01 $375,000 (10.0%) $524,132 (2.7%) 0.93 593
    2023-01-01 $382,475 (9.3%) $530,758 (-0.8%) 0.95 458
    2023-02-01 $387,450 (3.3%) $547,830 (-4.2%) 0.94 409
    2023-03-01 $399,900 (6.0%) $587,386 (5.7%) 0.94 414
    2023-04-01 $409,900 (10.8%) $598,171 (5.3%) 0.95 430
    2023-05-01 $439,500 (18.7%) $604,487 (10.8%) 1.00 486
    2023-06-01 $429,900 (13.2%) $637,360 (17.1%) 0.97 505
    2023-07-01 $450,000 (18.5%) $691,040 (28.5%) 1.02 494
    2023-08-01 $425,000 (10.4%) $633,528 (19.5%) 0.98 502
    2023-09-01 $420,000 (10.6%) $611,626 (13.7%) 0.98 574
    2023-10-01 $422,500 (17.4%) $613,616 (15.1%) 0.99 586
    2023-11-01 $409,725 (10.8%) $599,235 (13.6%) 0.98 567
    2023-12-01 $399,900 (6.6%) $588,584 (12.3%) 0.98 483
    2024-01-01 $409,725 (7.1%) $595,975 (12.3%) 1.00 454
    2024-02-01 $416,000 (7.4%) $608,438 (11.1%) 1.00 433
    2024-03-01 $409,900 (2.5%) $600,411 (2.2%) 0.96 432
    2024-04-01 $425,000 (3.7%) $645,327 (7.9%) 0.99 513
    2024-05-01 $449,450 (2.3%) $672,757 (11.3%) 1.02 538
    2024-06-01 $450,000 (4.7%) $772,435 (21.2%) 1.02 563
    2024-07-01 $451,200 (0.3%) $747,805 (8.2%) 1.03 616
    2024-08-01 $485,000 (14.1%) $789,754 (24.7%) 1.13 653
    2024-09-01 $461,998 (10.0%) $757,635 (23.9%) 1.09 699
    2024-10-01 $439,900 (4.1%) $738,403 (20.3%) 1.04 715
    2024-11-01 $449,000 (9.6%) $749,638 (25.1%) 1.08 666
    2024-12-01 $448,975 (12.3%) $755,627 (28.4%) 1.12 562
    2025-01-01 $439,950 (7.4%) $787,972 (32.2%) 1.10 493
    2025-02-01 $457,500 (10.0%) $846,711 (39.2%) 1.11 457
    New Haven's median listing price for 2025-02-01 was $457,500, a difference of $41,500 (10.0%) versus the prior year and $17,550 versus the prior month.

    New Haven's median listing price comes in at 111% of the national average.

    New Haven's average listing price for 2025-02-01 was $846,711, a difference of $238,273 (39.2%) versus the prior year and $58,739 versus the prior month.

    For the 2025-02-01 period, New Haven had 457 MLS listings, a difference of -36 listings (-7%) versus the prior month and 24 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Haven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 93 days 1,607 sqft
    2018-02-01 85 days 1,621 sqft
    2018-03-01 60 days 1,656 sqft
    2018-04-01 52 days 1,701 sqft
    2018-05-01 48 days 1,717 sqft
    2018-06-01 51 days 1,714 sqft
    2018-07-01 59 days 1,700 sqft
    2018-08-01 65 days 1,684 sqft
    2018-09-01 68 days 1,690 sqft
    2018-10-01 72 days 1,676 sqft
    2018-11-01 76 days 1,632 sqft
    2018-12-01 89 days 1,625 sqft
    2019-01-01 94 days 1,609 sqft
    2019-02-01 89 days 1,606 sqft
    2019-03-01 66 days 1,658 sqft
    2019-04-01 48 days 1,726 sqft
    2019-05-01 47 days 1,761 sqft
    2019-06-01 51 days 1,848 sqft
    2019-07-01 61 days 1,849 sqft
    2019-08-01 66 days 1,833 sqft
    2019-09-01 70 days 1,826 sqft
    2019-10-01 73 days 1,821 sqft
    2019-11-01 74 days 1,802 sqft
    2019-12-01 82 days 1,780 sqft
    2020-01-01 85 days 1,762 sqft
    2020-02-01 75 days 1,800 sqft
    2020-03-01 48 days 1,846 sqft
    2020-04-01 54 days 1,817 sqft
    2020-05-01 65 days 1,856 sqft
    2020-06-01 46 days 1,900 sqft
    2020-07-01 39 days 1,919 sqft
    2020-08-01 36 days 1,896 sqft
    2020-09-01 39 days 1,826 sqft
    2020-10-01 43 days 1,848 sqft
    2020-11-01 47 days 1,839 sqft
    2020-12-01 53 days 1,821 sqft
    2021-01-01 66 days 1,800 sqft
    2021-02-01 60 days 1,767 sqft
    2021-03-01 24 days 1,762 sqft
    2021-04-01 27 days 1,815 sqft
    2021-05-01 23 days 1,768 sqft
    2021-06-01 24 days 1,696 sqft
    2021-07-01 28 days 1,692 sqft
    2021-08-01 32 days 1,601 sqft
    2021-09-01 36 days 1,586 sqft
    2021-10-01 42 days 1,616 sqft
    2021-11-01 50 days 1,581 sqft
    2021-12-01 55 days 1,579 sqft
    2022-01-01 65 days 1,589 sqft
    2022-02-01 38 days 1,621 sqft
    2022-03-01 20 days 1,621 sqft
    2022-04-01 15 days 1,576 sqft
    2022-05-01 16 days 1,595 sqft
    2022-06-01 18 days 1,621 sqft
    2022-07-01 25 days 1,611 sqft
    2022-08-01 29 days 1,813 sqft
    2022-09-01 36 days 1,827 sqft
    2022-10-01 36 days 1,797 sqft
    2022-11-01 42 days 1,812 sqft
    2022-12-01 53 days 1,784 sqft
    2023-01-01 63 days 1,740 sqft
    2023-02-01 43 days 1,672 sqft
    2023-03-01 28 days 1,831 sqft
    2023-04-01 25 days 1,797 sqft
    2023-05-01 22 days 1,852 sqft
    2023-06-01 25 days 1,797 sqft
    2023-07-01 26 days 1,804 sqft
    2023-08-01 40 days 1,777 sqft
    2023-09-01 36 days 1,792 sqft
    2023-10-01 39 days 1,806 sqft
    2023-11-01 46 days 1,751 sqft
    2023-12-01 53 days 1,793 sqft
    2024-01-01 56 days 1,799 sqft
    2024-02-01 45 days 1,755 sqft
    2024-03-01 38 days 1,692 sqft
    2024-04-01 31 days 1,645 sqft
    2024-05-01 27 days 1,632 sqft
    2024-06-01 36 days 1,675 sqft
    2024-07-01 36 days 1,616 sqft
    2024-08-01 37 days 1,612 sqft
    2024-09-01 40 days 1,592 sqft
    2024-10-01 39 days 1,546 sqft
    2024-11-01 47 days 1,560 sqft
    2024-12-01 58 days 1,564 sqft
    2025-01-01 62 days 1,470 sqft
    2025-02-01 54 days 1,501 sqft
    New Haven's median listing age (time on market) for 2025-02-01 was 54 days. This is 19% longer than the same period one year ago.

    New Haven's median square footage for active listings during the 2025-02-01 period was 1,501 sqft. One year prior, the average listing was 1,755 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.