New Haven VA Loan Rates, Closing Costs & Stats

NEW HAVEN-MILFORD, CT

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 VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in New Haven averaged 0% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

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

The average rate for the prior week (2025-04-04) was 0% and one month ago for the week of 2025-03-07, the average rate was 0%.

The average rate one year ago was 0%.

For refis of the same type during the week of 2025-04-11, the average rate was 0%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

The lowest fee New Haven VA lenders (with over 10 loans originated) are .

The lowest rate New Haven VA lenders (with over 10 loans originated) are .


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
2025-03-01 $460,000 (12.2%) $727,771 (21.2%) 0.00 511
New Haven's median listing price for 2025-03-01 was $460,000, a difference of $50,100 (12.2%) versus the prior year and $2,500 versus the prior month.

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

New Haven's average listing price for 2025-03-01 was $727,771, a difference of $127,360 (21.2%) versus the prior year and $-118,940 versus the prior month.

For the 2025-03-01 period, New Haven had 511 MLS listings, a difference of 54 listings (12%) versus the prior month and 79 listings (18%) 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
2025-03-01 0 days 1,495 sqft
New Haven'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.

New Haven's median square footage for active listings during the 2025-03-01 period was 1,495 sqft. One year prior, the average listing was 1,692 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.