Ogdensburg VA Loan Rates, Closing Costs & Stats

Ogdensburg-Massena, NY

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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.

    Ogdensburg's 21 lenders originated 69 VA loans during 2023. The total origination value was $12,895,000, with an average VA loan value of $186,884.

    Ogdensburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ogdensburg averaged 7.3% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Ogdensburg's average VA mortgage closing costs are $4,710.

    The average rate for the prior week (2024-04-12) was 7.03% and one month ago for the week of 2024-03-15, the average rate was 6.89%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Ogdensburg 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 Ogdensburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 18 6.84% $4,774
    MOVEMENT MORTGAGE, LLC 11 6.57% $5,922
    QUICKEN LOANS, LLC 7 6.74% $5,332
    NAVY FEDERAL CREDIT UNION 7 5.71% $2,318
    PLAZA HOME MORTGAGE, INC. 5 6.68% $6,013
    Genesee Regional Bank 3 6.42% $4,531
    ABSOLUTE HOME MORTGAGE CORPORATION 2 7.13% $6,708
    Barrington Bank & Trust Company, N.A. 2 5.87% $7,881
    KeyBank 1 6.38% $5,418
    LOANDEPOT.COM, LLC 1 6.63% $7,480
    HOMESTEAD FUNDING CORP. 1 6.75% $4,558
    GUARANTEED RATE, INC. 1 6.75% $3,075
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $7,330
    CONTOUR MORTGAGE CORPORATION 1 7.63% $5,081
    NORTHERN CREDIT UNION 1 7.00% $7,406
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $4,749
    Community Bank 1 6.88% $2,753
    CALIBER HOME LOANS, INC. 1 7.63% $7,976
    The Federal Savings Bank 1 7.25% $5,459
    USAA Federal Savings Bank 1 6.63% $4,798
    Wells Fargo Bank 1 5.50% $5,873

    The top Ogdensburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $4,774, which is $1,149 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Ogdensburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,774), MOVEMENT MORTGAGE, LLC ($5,922), .

    The lowest rate Ogdensburg VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.57%), Mortgage Research Center, LLC (6.84%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ogdensburg (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 $103,700 (3.8%) $143,273 (3.5%) 0.00 636
    2018-02-01 $105,000 (5.1%) $143,681 (2.8%) 0.00 631
    2018-03-01 $104,900 (-0.1%) $167,751 (15.9%) 0.00 643
    2018-04-01 $112,000 (1.9%) $170,816 (13.9%) 0.00 692
    2018-05-01 $116,475 (6.0%) $173,072 (14.9%) 0.00 742
    2018-06-01 $124,000 (13.5%) $174,771 (16.9%) 0.00 796
    2018-07-01 $124,900 (13.6%) $158,085 (4.5%) 0.00 861
    2018-08-01 $124,900 (10.6%) $157,437 (3.8%) 0.00 847
    2018-09-01 $124,900 (9.1%) $159,760 (5.0%) 0.00 846
    2018-10-01 $119,500 (4.0%) $158,864 (5.9%) 0.00 831
    2018-11-01 $119,000 (8.9%) $156,503 (5.2%) 0.00 792
    2018-12-01 $119,000 (13.3%) $155,242 (7.2%) 0.00 745
    2019-01-01 $115,475 (11.4%) $152,160 (6.2%) 0.00 689
    2019-02-01 $114,950 (9.5%) $149,873 (4.3%) 0.00 687
    2019-03-01 $120,286 (14.7%) $153,255 (-8.6%) 0.00 675
    2019-04-01 $120,736 (7.8%) $156,379 (-8.5%) 0.00 672
    2019-05-01 $125,000 (7.3%) $162,129 (-6.3%) 0.00 705
    2019-06-01 $128,000 (3.2%) $163,951 (-6.2%) 0.00 748
    2019-07-01 $128,375 (2.8%) $165,198 (4.5%) 0.00 754
    2019-08-01 $124,973 (0.1%) $163,161 (3.6%) 0.00 733
    2019-09-01 $124,932 (0.0%) $161,280 (1.0%) 0.00 706
    2019-10-01 $124,955 (4.6%) $160,473 (1.0%) 0.00 678
    2019-11-01 $125,000 (5.0%) $160,925 (2.8%) 0.00 621
    2019-12-01 $124,950 (5.0%) $160,196 (3.2%) 0.00 590
    2020-01-01 $119,250 (3.3%) $156,128 (2.6%) 0.00 551
    2020-02-01 $119,999 (4.4%) $155,520 (3.8%) 0.00 542
    2020-03-01 $124,350 (3.4%) $156,222 (1.9%) 0.00 525
    2020-04-01 $122,250 (1.3%) $158,831 (1.6%) 0.00 512
    2020-05-01 $127,000 (1.6%) $167,360 (3.2%) 0.00 499
    2020-06-01 $129,900 (1.5%) $175,548 (7.1%) 0.00 497
    2020-07-01 $131,000 (2.0%) $179,261 (8.5%) 0.00 479
    2020-08-01 $134,000 (7.2%) $177,269 (8.7%) 0.00 457
    2020-09-01 $127,000 (1.7%) $175,801 (9.0%) 0.00 441
    2020-10-01 $125,000 (0.0%) $170,301 (6.1%) 0.00 412
    2020-11-01 $122,500 (-2.0%) $168,635 (4.8%) 0.00 368
    2020-12-01 $120,000 (-4.0%) $168,859 (5.4%) 0.00 336
    2021-01-01 $119,250 (0.0%) $163,779 (4.9%) 0.00 295
    2021-02-01 $119,000 (-0.8%) $160,276 (3.1%) 0.00 281
    2021-03-01 $125,000 (0.5%) $175,408 (12.3%) 0.00 258
    2021-04-01 $130,625 (6.9%) $181,592 (14.3%) 0.00 259
    2021-05-01 $148,750 (17.1%) $190,968 (14.1%) 0.00 268
    2021-06-01 $149,900 (15.4%) $193,683 (10.3%) 0.00 299
    2021-07-01 $148,500 (13.4%) $190,062 (6.0%) 0.00 318
    2021-08-01 $148,250 (10.6%) $186,373 (5.1%) 0.00 316
    2021-09-01 $143,425 (12.9%) $185,923 (5.8%) 0.00 313
    2021-10-01 $137,500 (10.0%) $179,205 (5.2%) 0.00 302
    2021-11-01 $125,250 (2.2%) $174,539 (3.5%) 0.00 263
    2021-12-01 $110,000 (-8.3%) $162,748 (-3.6%) 0.00 255
    2022-01-01 $105,900 (-11.2%) $157,168 (-4.0%) 0.00 228
    2022-02-01 $104,975 (-11.8%) $155,178 (-3.2%) 0.00 214
    2022-03-01 $109,625 (-12.3%) $176,396 (0.6%) 0.00 171
    2022-04-01 $130,000 (-0.5%) $185,118 (1.9%) 0.00 184
    2022-05-01 $142,450 (-4.2%) $194,588 (1.9%) 0.00 207
    2022-06-01 $142,500 (-4.9%) $208,485 (7.6%) 0.00 240
    2022-07-01 $149,000 (0.3%) $205,935 (8.4%) 0.00 270
    2022-08-01 $152,450 (2.8%) $197,513 (6.0%) 0.00 284
    2022-09-01 $152,125 (6.1%) $192,691 (3.6%) 0.00 281
    2022-10-01 $144,650 (5.2%) $188,037 (4.9%) 0.00 278
    2022-11-01 $137,072 (9.4%) $182,623 (4.6%) 0.00 263
    2022-12-01 $132,700 (20.6%) $172,348 (5.9%) 0.00 242
    2023-01-01 $129,975 (22.7%) $163,227 (3.9%) 0.00 226
    2023-02-01 $131,897 (25.7%) $168,512 (8.6%) 0.00 199
    2023-03-01 $135,500 (23.6%) $178,370 (1.1%) 0.00 191
    2023-04-01 $139,950 (7.7%) $184,296 (-0.4%) 0.00 190
    2023-05-01 $149,900 (5.2%) $201,219 (3.4%) 0.00 200
    2023-06-01 $168,000 (17.9%) $201,550 (-3.3%) 0.00 236
    2023-07-01 $169,000 (13.4%) $204,942 (-0.5%) 0.00 251
    2023-08-01 $167,000 (9.5%) $200,111 (1.3%) 0.00 281
    2023-09-01 $161,250 (6.0%) $202,542 (5.1%) 0.00 280
    2023-10-01 $153,213 (5.9%) $200,564 (6.7%) 0.00 292
    2023-11-01 $149,950 (9.4%) $193,699 (6.1%) 0.00 278
    2023-12-01 $149,000 (12.3%) $198,104 (14.9%) 0.00 252
    2024-01-01 $141,950 (9.2%) $189,655 (16.2%) 0.00 227
    2024-02-01 $142,000 (7.7%) $186,869 (10.9%) 0.00 199
    2024-03-01 $148,500 (9.6%) $211,010 (18.3%) 0.00 201
    Ogdensburg's median listing price for 2024-03-01 was $148,500, a difference of $13,000 (9.6%) versus the prior year and $6,500 versus the prior month.

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

    Ogdensburg's average listing price for 2024-03-01 was $211,010, a difference of $32,640 (18.3%) versus the prior year and $24,141 versus the prior month.

    For the 2024-03-01 period, Ogdensburg had 201 MLS listings, a difference of 2 listings (1%) versus the prior month and 10 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ogdensburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,540 sqft
    2018-02-01 0 days 1,562 sqft
    2018-03-01 0 days 1,575 sqft
    2018-04-01 0 days 1,596 sqft
    2018-05-01 0 days 1,577 sqft
    2018-06-01 0 days 1,568 sqft
    2018-07-01 0 days 1,567 sqft
    2018-08-01 0 days 1,562 sqft
    2018-09-01 0 days 1,568 sqft
    2018-10-01 0 days 1,573 sqft
    2018-11-01 0 days 1,600 sqft
    2018-12-01 0 days 1,600 sqft
    2019-01-01 0 days 1,583 sqft
    2019-02-01 0 days 1,586 sqft
    2019-03-01 0 days 1,583 sqft
    2019-04-01 0 days 1,573 sqft
    2019-05-01 0 days 1,560 sqft
    2019-06-01 0 days 1,560 sqft
    2019-07-01 0 days 1,544 sqft
    2019-08-01 0 days 1,544 sqft
    2019-09-01 0 days 1,555 sqft
    2019-10-01 0 days 1,566 sqft
    2019-11-01 0 days 1,584 sqft
    2019-12-01 0 days 1,596 sqft
    2020-01-01 0 days 1,584 sqft
    2020-02-01 0 days 1,570 sqft
    2020-03-01 0 days 1,600 sqft
    2020-04-01 0 days 1,600 sqft
    2020-05-01 0 days 1,602 sqft
    2020-06-01 0 days 1,600 sqft
    2020-07-01 0 days 1,640 sqft
    2020-08-01 0 days 1,658 sqft
    2020-09-01 0 days 1,632 sqft
    2020-10-01 0 days 1,640 sqft
    2020-11-01 0 days 1,665 sqft
    2020-12-01 0 days 1,646 sqft
    2021-01-01 0 days 1,617 sqft
    2021-02-01 0 days 1,589 sqft
    2021-03-01 0 days 1,650 sqft
    2021-04-01 0 days 1,679 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,661 sqft
    2021-07-01 0 days 1,652 sqft
    2021-08-01 0 days 1,601 sqft
    2021-09-01 0 days 1,580 sqft
    2021-10-01 0 days 1,568 sqft
    2021-11-01 0 days 1,547 sqft
    2021-12-01 0 days 1,524 sqft
    2022-01-01 0 days 1,480 sqft
    2022-02-01 0 days 1,464 sqft
    2022-03-01 0 days 1,509 sqft
    2022-04-01 0 days 1,468 sqft
    2022-05-01 0 days 1,521 sqft
    2022-06-01 0 days 1,532 sqft
    2022-07-01 0 days 1,489 sqft
    2022-08-01 0 days 1,519 sqft
    2022-09-01 0 days 1,507 sqft
    2022-10-01 0 days 1,549 sqft
    2022-11-01 0 days 1,542 sqft
    2022-12-01 0 days 1,512 sqft
    2023-01-01 0 days 1,512 sqft
    2023-02-01 0 days 1,500 sqft
    2023-03-01 0 days 1,493 sqft
    2023-04-01 0 days 1,456 sqft
    2023-05-01 0 days 1,545 sqft
    2023-06-01 0 days 1,573 sqft
    2023-07-01 0 days 1,564 sqft
    2023-08-01 0 days 1,587 sqft
    2023-09-01 0 days 1,568 sqft
    2023-10-01 0 days 1,542 sqft
    2023-11-01 0 days 1,523 sqft
    2023-12-01 0 days 1,529 sqft
    2024-01-01 0 days 1,530 sqft
    2024-02-01 0 days 1,500 sqft
    2024-03-01 0 days 1,550 sqft
    Ogdensburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Ogdensburg's median square footage for active listings during the 2024-03-01 period was 1,550 sqft. One year prior, the average listing was 1,493 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.