New York VA Loan Rates, Closing Costs & Stats

New York-Newark-Jersey City, NY-NJ-PA

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 York's 187 lenders originated 4,129 VA loans during 2022. The total origination value was $1,927,035,000, with an average VA loan value of $466,707.

New York VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in New York averaged -0.65% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

New York's average VA mortgage closing costs are $8,915.

The average rate for the prior week (2023-11-17) was 6.5% and one month ago for the week of 2023-10-20, the average rate was 7.03%.

The average rate one year ago was 5.84%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.67%.

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

New York 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 York level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 475 4.92% $11,588
QUICKEN LOANS, LLC 419 4.00% $15,806
NAVY FEDERAL CREDIT UNION 272 3.72% $10,229
UNITED WHOLESALE MORTGAGE, LLC 233 4.37% $12,397
LOANDEPOT.COM, LLC 186 3.86% $14,904
FREEDOM MORTGAGE CORPORATION 143 3.95% $15,165
USAA Federal Savings Bank 125 4.04% $13,846
CROSSCOUNTRY MORTGAGE, LLC 109 4.53% $15,985
The Federal Savings Bank 85 4.19% $20,686
GUARANTEED RATE, INC. 84 4.78% $10,805
NEW DAY FINANCIAL, LLC 78 4.82% $15,452
CARDINAL FINANCIAL 75 4.43% $17,771
PENNYMAC LOAN SERVICES, LLC 64 3.39% $12,790
HOME POINT FINANCIAL CORPORATION 59 3.82% $11,831
CALIBER HOME LOANS, INC. 57 4.16% $13,179
CONTOUR MORTGAGE CORPORATION 56 4.83% $19,490
Mr. Cooper ( Nationstar Mortgage ) 52 4.44% $13,269
Wells Fargo Bank 48 4.14% $11,637
Barrington Bank & Trust Company, N.A. 47 4.63% $11,823
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 47 4.92% $12,564
ROUNDPOINT MORTGAGE SERVICING CORPORATION 45 3.87% $19,065
PENTAGON FEDERAL CREDIT UNION 41 3.59% $11,287
Advisors Mortgage Group, L.L.C. 40 4.77% $11,678
NATIONWIDE MORTGAGE BANKERS, INC. 39 4.73% $21,851
Flagstar Bank, FSB 37 4.34% $14,982
Paramount Residential Mortgage Group, Inc. 37 4.84% $16,348
HOMEBRIDGE FINANCIAL SERVICES, INC. 35 4.45% $14,625
NEWREZ LLC 34 3.72% $11,063
AMERISAVE MORTGAGE CORPORATION 33 4.09% $14,245
EMBRACE HOME LOANS, INC. 32 4.46% $14,694
FINANCE OF AMERICA MORTGAGE LLC 30 4.24% $18,277
ABSOLUTE HOME MORTGAGE CORPORATION 30 5.17% $14,645
NJ LENDERS CORP. 28 4.27% $9,137
Citizens Bank 27 3.99% $13,654
UNITED MORTGAGE CORP 25 4.68% $17,733
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 22 4.60% $19,672
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 4.54% $13,735
CLEARPATH LENDING 19 3.64% $13,778
Equity Prime Mortgage LLC 19 5.19% $10,992
Northpointe Bank 18 4.42% $12,648
GUARANTEED RATE AFFINITY, LLC 16 4.88% $10,973
Carrington Mortgage Services, LLC 16 4.69% $13,121
JPMorgan Chase Bank 16 3.66% $9,865
NBKC BANK 15 3.76% $10,641
North American Savings Bank, F.S.B. 14 3.86% $16,322
UNITED NORTHERN MORTGAGE BANKERS LIMITED 14 4.66% $18,938
RELIANCE FIRST CAPITAL, LLC 13 4.71% $26,055
East Coast Capital Corp. 13 4.99% $11,824
MOVEMENT MORTGAGE, LLC 13 5.17% $12,686
MUTUAL OF OMAHA MORTGAGE, INC. 13 4.61% $13,794
MLB RESIDENTIAL LENDING, LLC 12 4.94% $14,863
M&T Bank 10 3.48% $8,417
PANORAMA MORTGAGE GROUP, LLC 10 5.26% $21,457
BOND STREET MORTGAGE, LLC 9 5.01% $15,352
ENVOY MORTGAGE, LTD 9 4.46% $8,247
US MORTGAGE CORPORATION 9 5.22% $16,446
MORTGAGE ACCESS CORP. 9 5.33% $10,666
LAKEVIEW LOAN SERVICING, LLC 9 3.74% $11,499
NETWORK CAPITAL FUNDING CORPORATION 9 3.63% $9,432
PNC Bank 8 3.69% $11,758
PLANET HOME LENDING, LLC 8 4.38% $8,701
PLAZA HOME MORTGAGE, INC. 8 4.62% $15,707
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 4.83% $14,172
Magnolia Bank 7 3.77% $16,700
Prosperity Home Mortgage, LLC 7 5.20% $9,240
First Federal Bank 7 4.34% $8,174
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 4.61% $9,183
GREENTREE MORTGAGE COMPANY, L.P. 7 5.18% $10,428
JET DIRECT FUNDING CORP 7 4.23% $19,430
BNC National Bank 7 3.25% $9,846
CLIFFCO, INC. 7 4.50% $14,426
SUN WEST MORTGAGE COMPANY, INC. 6 5.15% $10,270
Armed Forces Bank 6 3.75% $25,262
CMG MORTGAGE, INC. 6 3.98% $7,971
DHI MORTGAGE COMPANY, LTD. 6 3.08% $9,725
Gateway First Bank 6 4.08% $17,710
MID-ISLAND MORTGAGE CORP. 6 4.46% $20,391
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 4.85% $8,442
BROKER SOLUTIONS, INC. 5 3.59% $13,587
EMM LOANS LLC 5 5.03% $32,857
RESIDENTIAL HOME FUNDING CORP. 5 4.75% $21,469
TD Bank 5 3.43% $6,588
GREENWAY MORTGAGE FUNDING CORP. 5 4.05% $13,224
VILLAGE CAPITAL MORTGAGE 5 3.68% $12,346
Century Mortgage Company DBA Century Lending Company 5 4.75% $13,555
AMERICAN FINANCING CORPORATION 5 3.70% $13,350
Nations Lending Corporation 5 3.93% $14,715
Plains Commerce Bank 5 4.78% $14,700
UNION HOME MORTGAGE CORP. 5 4.08% $9,953
First Home Bank 5 3.98% $14,031
NATION ONE MORTGAGE CORPORATION 4 5.72% $20,304
Credence Funding Corporation 4 2.41% $7,015
NP, Inc. 4 2.88% $8,886
CHERRY CREEK MORTGAGE, LLC 4 2.72% $2,747
HOMESIDE FINANCIAL, LLC 4 5.28% $18,520
VAN DYK MORTGAGE CORPORATION 4 3.78% $10,526
Strong Home Mortgage, LLC 4 3.81% $16,463
Mid-Continent Funding, Inc. 4 5.06% $9,116
Wyndham Capital Mortgage, Inc. 4 4.41% $7,934
U.S. Bank 4 4.03% $14,226
NATIONS DIRECT MORTGAGE, LLC 4 4.25% $15,678
EAGLE HOME MORTGAGE, LLC 4 5.16% $12,679
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 3 4.75% $21,939
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 5.04% $14,487
NVR Mortgage Finance, Inc. 3 3.96% $6,330
Bank of England 3 4.88% $26,875
AmRes Corporation 3 5.13% $13,423
First Guaranty Mortgage Corporation 3 3.21% $17,392
FIRST ALLIANCE HOME MORTGAGE, LLC 3 5.58% $15,590
Financial Freedom Mortgage, LLC 3 5.83% $9,338
GLENDENNING MORTGAGE CORPORATION 3 5.54% $14,679
Evolve Bank & Trust 3 5.50% $13,771
EVERETT FINANCIAL, INC. 3 4.29% $11,869
DRAPER AND KRAMER MORTGAGE CORP. 3 4.25% $11,975
First Savings Bank 3 4.04% $23,397
Summit Mortgage Corporation 3 4.96% $11,015
FM Home Loans, LLC 3 4.88% $21,360
Meridian Bank Corporation 3 4.54% $12,536
NFM, INC. 3 4.63% $11,057
HARTFORD FUNDING, LTD. 2 4.19% $18,517
HOMESTEAD FUNDING CORP. 2 5.75% $13,323
INTERSTATE HOME LOAN CENTER, INC. 2 4.44% $21,732
LADERA LENDING, INC. 2 4.81% $28,185
Lakeview Community Capital, LLC 2 3.50% $11,127
MDE Home Loans, LLC 2 3.56% $22,569
MLD MORTGAGE INC. 2 4.81% $8,255
CONTINENTAL MORTGAGE BANKERS, INC. 2 3.75% $20,954
CHURCHILL MORTGAGE CORPORATION 2 4.88% $13,589
PHH Mortgage Corporation 2 3.94% $20,010
PULTE MORTGAGE LLC 2 5.94% $3,683
SOVEREIGN LENDING GROUP INCORPORATED 2 3.75% $18,377
The Central Trust Bank 2 3.81% $11,116
TIDEWATER MORTGAGE SERVICES, INC. 2 4.50% $15,091
TOWNE MORTGAGE COMPANY 2 3.19% $5,894
ALLIED MORTGAGE GROUP, INC. 2 6.81% $12,269
Blue Ridge Bank 1 5.13% $22,855
Bethpage Federal Credit Union 1 5.88% $9,161
Valley National Bank 1 5.13% $6,101
Fifth Third Bank 1 4.75% $6,154
BAYSHORE MORTGAGE FUNDING, LLC 1 5.13% $31,239
BAY EQUITY LLC 1 4.63% $600
MORIA DEVELOPMENT, INC. 1 2.63% $12,876
POLARIS HOME FUNDING CORP. 1 3.75% $19,285
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $16,866
Prime Choice Funding Inc. 1 2.25% $9,074
Bank of America 1 3.63% $20,195
ATLANTIS MORTGAGE CO., INC. 1 5.25% $12,898
HOMESPIRE MORTGAGE CORPORATION 1 2.63% $17,875
ASSOCIATED MORTGAGE BANKERS, INC. 1 6.13% $14,419
Quontic Bank 1 3.38% $27,793
First Internet Bank of Indiana 1 5.75% $3,728
First Mortgage Solutions, LLC 1 2.25% $38,914
RESIDENTIAL HOME MORTGAGE CORPORATION 1 5.75% $29,131
APEX HOME LOANS, INC. 1 3.75% $16,532
ROYAL UNITED MORTGAGE LLC 1 5.75% $46,033
Santander Bank, N.A. 1 2.75% $7,530
Service Federal Credit Union 1 5.25% $7,065
Shamrock Home Loans, Inc. 1 4.99% $2,321
SOUTHERN TRUST MORTGAGE, LLC 1 3.75% $19,658
Goldwater Bank, N.A. 1 3.25% $8,979
Stride Bank 1 3.25% $12,978
Luxury Mortgage Corp. 1 5.25% $13,092
Low VA Rates, LLC 1 5.38% $26,921
1st Colonial Community Bank 1 5.25% $4,650
T2 FINANCIAL LLC 1 6.25% $16,841
First Western Trust Bank 1 4.75% $26,534
Acre Mortgage and Financial Inc 1 2.88% $15,707
KeyBank 1 3.75% $15,257
The Huntington National Bank 1 3.88% $13,345
Willamette Valley Bank 1 3.25% $17,423
TOTAL MORTGAGE SERVICES, LLC 1 3.25% $12,991
Wilmington Savings Fund Society, FSB 1 5.38% $6,896
Truist 1 4.60% $7,376
GENEVA FINANCIAL, LLC 1 5.75% $12,830
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.25% $18,459
AMERICAN INTERNET MORTGAGE, INC. 1 3.88% $5,306
INLAND BANK & TRUST 1 3.63% $23,098
AMERICAN FEDERAL MORTGAGE CORPORATION 1 3.63% $10,421
HUDSON VALLEY CREDIT UNION 1 5.13% $8,997
GUILD MORTGAGE COMPANY 1 6.13% $9,613
NORWICH COMMERCIAL GROUP, INC. 1 5.25% $452
Northeast Equitable Mortgage, LLC 1 5.38% $21,338
Community First National Bank 1 5.25% $5,301
ONY GLO, INC. 1 3.63% $8,769
DIRECT MORTGAGE LOANS, LLC 1 3.75% $14,292
Paramount Bank 1 4.63% $17,120
NBH Bank 1 4.38% $26,014

The top New York VA lender as defined by loan originations is Mortgage Research Center, LLC, with 475 VA loans originated. Their average total fees are $11,588, which is $4,219 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee New York VA lenders (with over 10 loans originated) are M&T Bank ($8,417), NJ LENDERS CORP. ($9,137), JPMorgan Chase Bank ($9,865), NAVY FEDERAL CREDIT UNION ($10,229) and NBKC BANK ($10,641).

The lowest rate New York VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.39%), M&T Bank (3.48%), PENTAGON FEDERAL CREDIT UNION (3.59%), CLEARPATH LENDING (3.64%) and JPMorgan Chase Bank (3.66%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New York (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
New York'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.

New York's median listing price comes in at 172% of the national average.

New York'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, New York 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 - New York (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
New York'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.

New York'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.