Oskaloosa VA Loan Rates, Closing Costs & Stats

Oskaloosa, IA

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.

Oskaloosa's 8 lenders originated 11 VA loans during 2023. The total origination value was $2,325,000, with an average VA loan value of $211,364.

Oskaloosa VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Oskaloosa averaged 6.72% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

Oskaloosa's average VA mortgage closing costs are $3,876.

The average rate for the prior week (2024-05-10) was 6.52% and one month ago for the week of 2024-04-12, the average rate was 6.6%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.6%.

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

Oskaloosa 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 Oskaloosa level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 2 6.63% $6,262
Mortgage Research Center, LLC 2 6.87% $3,505
QUICKEN LOANS, LLC 1 6.99% $3,737
RESIDENTIAL MORTGAGE NETWORK, INC. 1 6.75% $2,196
U.S. Bank 1 7.25% $2,713
BROKER SOLUTIONS, INC. 1 6.75% $2,509
Wells Fargo Bank 1 7.38% $8,064
First National Bank of Omaha 1 6.00% $7,791

The top Oskaloosa VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 2 VA loans originated. Their average total fees are $6,262, which is $2,756 higher than the next largest lender, Mortgage Research Center, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oskaloosa (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 $112,900 (14.7%) $128,872 (-4.2%) 0.00 53
2018-02-01 $121,225 (27.6%) $134,177 (1.9%) 0.00 48
2018-03-01 $102,450 (3.6%) $126,313 (-7.0%) 0.00 48
2018-04-01 $119,900 (5.5%) $139,764 (0.0%) 0.00 49
2018-05-01 $133,700 (17.1%) $146,105 (3.3%) 0.00 52
2018-06-01 $127,500 (14.7%) $151,505 (7.7%) 0.00 53
2018-07-01 $154,900 (35.4%) $162,701 (15.8%) 0.00 56
2018-08-01 $149,700 (24.8%) $160,941 (10.8%) 0.00 54
2018-09-01 $135,000 (12.6%) $163,046 (18.2%) 0.00 55
2018-10-01 $132,500 (16.3%) $167,005 (22.4%) 0.00 60
2018-11-01 $147,900 (37.7%) $170,477 (30.4%) 0.00 59
2018-12-01 $149,900 (32.8%) $169,195 (28.9%) 0.00 60
2019-01-01 $124,900 (10.6%) $156,070 (21.1%) 0.00 51
2019-02-01 $115,175 (-5.0%) $148,035 (10.3%) 0.00 45
2019-03-01 $133,457 (30.3%) $158,905 (25.8%) 0.00 45
2019-04-01 $144,975 (20.9%) $167,115 (19.6%) 0.00 45
2019-05-01 $149,825 (12.1%) $171,684 (17.5%) 0.00 47
2019-06-01 $147,400 (15.6%) $174,217 (15.0%) 0.00 54
2019-07-01 $139,000 (-10.3%) $160,492 (-1.4%) 0.00 62
2019-08-01 $137,364 (-8.2%) $157,165 (-2.4%) 0.00 65
2019-09-01 $136,034 (0.8%) $155,916 (-4.4%) 0.00 63
2019-10-01 $135,148 (2.0%) $155,088 (-7.1%) 0.00 64
2019-11-01 $144,900 (-2.0%) $170,704 (0.1%) 0.00 70
2019-12-01 $144,900 (-3.3%) $170,505 (0.8%) 0.00 59
2020-01-01 $144,950 (16.1%) $173,100 (10.9%) 0.00 58
2020-02-01 $144,900 (25.8%) $169,405 (14.4%) 0.00 56
2020-03-01 $129,875 (-2.7%) $153,163 (-3.6%) 0.00 52
2020-04-01 $123,750 (-14.6%) $152,941 (-8.5%) 0.00 48
2020-05-01 $137,400 (-8.3%) $152,165 (-11.4%) 0.00 44
2020-06-01 $136,650 (-7.3%) $155,137 (-11.0%) 0.00 39
2020-07-01 $144,900 (4.2%) $161,800 (0.8%) 0.00 38
2020-08-01 $144,900 (5.5%) $155,118 (-1.3%) 0.00 39
2020-09-01 $123,750 (-9.0%) $141,301 (-9.4%) 0.00 40
2020-10-01 $109,000 (-19.4%) $137,227 (-11.5%) 0.00 43
2020-11-01 $123,450 (-14.8%) $143,627 (-15.9%) 0.00 41
2020-12-01 $121,300 (-16.3%) $149,483 (-12.3%) 0.00 37
2021-01-01 $121,250 (-16.4%) $142,907 (-17.4%) 0.00 33
2021-02-01 $127,400 (-12.1%) $147,551 (-12.9%) 0.00 30
2021-03-01 $109,900 (-15.4%) $133,275 (-13.0%) 0.00 26
2021-04-01 $117,384 (-5.1%) $149,826 (-2.0%) 0.00 25
2021-05-01 $129,900 (-5.5%) $157,642 (3.6%) 0.00 23
2021-06-01 $168,450 (23.3%) $209,535 (35.1%) 0.00 24
2021-07-01 $179,500 (23.9%) $235,391 (45.5%) 0.00 21
2021-08-01 $154,700 (6.8%) $177,373 (14.4%) 0.00 34
2021-09-01 $144,400 (16.7%) $167,472 (18.5%) 0.00 36
2021-10-01 $139,900 (28.4%) $161,439 (17.6%) 0.00 45
2021-11-01 $137,450 (11.3%) $175,683 (22.3%) 0.00 34
2021-12-01 $139,900 (15.3%) $162,050 (8.4%) 0.00 27
2022-01-01 $120,000 (-1.0%) $169,513 (18.6%) 0.00 24
2022-02-01 $131,000 (2.8%) $181,357 (22.9%) 0.00 18
2022-03-01 $146,500 (33.3%) $211,415 (58.6%) 0.00 17
2022-04-01 $160,000 (36.3%) $217,582 (45.2%) 0.00 18
2022-05-01 $176,250 (35.7%) $221,394 (40.4%) 0.00 27
2022-06-01 $171,200 (1.6%) $184,602 (-11.9%) 0.00 33
2022-07-01 $174,900 (-2.6%) $191,267 (-18.8%) 0.00 43
2022-08-01 $177,225 (14.6%) $207,176 (16.8%) 0.00 39
2022-09-01 $189,500 (31.2%) $218,872 (30.7%) 0.00 37
2022-10-01 $175,000 (25.1%) $191,197 (18.4%) 0.00 27
2022-11-01 $167,400 (21.8%) $183,099 (4.2%) 0.00 25
2022-12-01 $155,000 (10.8%) $189,269 (16.8%) 0.00 25
2023-01-01 $178,700 (48.9%) $203,951 (20.3%) 0.00 23
2023-02-01 $168,250 (28.4%) $186,306 (2.7%) 0.00 22
2023-03-01 $166,100 (13.4%) $186,910 (-11.6%) 0.00 20
2023-04-01 $189,500 (18.4%) $216,348 (-0.6%) 0.00 12
2023-05-01 $179,900 (2.1%) $209,354 (-5.4%) 0.00 14
2023-06-01 $193,950 (13.3%) $223,368 (21.0%) 0.00 19
2023-07-01 $215,000 (22.9%) $225,393 (17.8%) 0.00 15
2023-08-01 $188,950 (6.6%) $218,425 (5.4%) 0.00 21
2023-09-01 $175,000 (-7.7%) $214,957 (-1.8%) 0.00 23
2023-10-01 $168,450 (-3.7%) $190,830 (-0.2%) 0.00 21
2023-11-01 $209,675 (25.3%) $222,634 (21.6%) 0.00 21
2023-12-01 $209,900 (35.4%) $223,963 (18.3%) 0.00 22
2024-01-01 $158,975 (-11.0%) $208,842 (2.4%) 0.00 22
2024-02-01 $187,450 (11.4%) $224,263 (20.4%) 0.00 20
2024-03-01 $228,500 (37.6%) $247,009 (32.2%) 0.00 19
2024-04-01 $239,950 (26.6%) $251,024 (16.0%) 0.00 18
Oskaloosa's median listing price for 2024-04-01 was $239,950, a difference of $50,450 (26.6%) versus the prior year and $11,450 versus the prior month.

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

Oskaloosa's average listing price for 2024-04-01 was $251,024, a difference of $34,676 (16.0%) versus the prior year and $4,015 versus the prior month.

For the 2024-04-01 period, Oskaloosa had 18 MLS listings, a difference of -1 listings (-5%) versus the prior month and 6 listings (50%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oskaloosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,580 sqft
2018-02-01 0 days 1,563 sqft
2018-03-01 0 days 1,460 sqft
2018-04-01 0 days 1,429 sqft
2018-05-01 0 days 1,443 sqft
2018-06-01 0 days 1,512 sqft
2018-07-01 0 days 1,580 sqft
2018-08-01 0 days 1,689 sqft
2018-09-01 0 days 1,704 sqft
2018-10-01 0 days 1,600 sqft
2018-11-01 0 days 1,592 sqft
2018-12-01 0 days 1,512 sqft
2019-01-01 0 days 1,432 sqft
2019-02-01 0 days 1,360 sqft
2019-03-01 0 days 1,449 sqft
2019-04-01 0 days 1,521 sqft
2019-05-01 0 days 1,525 sqft
2019-06-01 0 days 1,459 sqft
2019-07-01 0 days 1,401 sqft
2019-08-01 0 days 1,398 sqft
2019-09-01 0 days 1,392 sqft
2019-10-01 0 days 1,388 sqft
2019-11-01 0 days 1,472 sqft
2019-12-01 0 days 1,532 sqft
2020-01-01 0 days 1,773 sqft
2020-02-01 0 days 1,574 sqft
2020-03-01 0 days 1,525 sqft
2020-04-01 0 days 1,549 sqft
2020-05-01 0 days 1,462 sqft
2020-06-01 0 days 1,443 sqft
2020-07-01 0 days 1,480 sqft
2020-08-01 0 days 1,436 sqft
2020-09-01 0 days 1,429 sqft
2020-10-01 0 days 1,290 sqft
2020-11-01 0 days 1,406 sqft
2020-12-01 0 days 1,416 sqft
2021-01-01 0 days 1,446 sqft
2021-02-01 0 days 1,442 sqft
2021-03-01 0 days 1,374 sqft
2021-04-01 0 days 1,413 sqft
2021-05-01 0 days 1,428 sqft
2021-06-01 0 days 1,584 sqft
2021-07-01 0 days 1,543 sqft
2021-08-01 0 days 1,268 sqft
2021-09-01 0 days 1,275 sqft
2021-10-01 0 days 1,285 sqft
2021-11-01 0 days 1,285 sqft
2021-12-01 0 days 1,424 sqft
2022-01-01 0 days 1,732 sqft
2022-02-01 0 days 1,696 sqft
2022-03-01 0 days 1,557 sqft
2022-04-01 0 days 1,690 sqft
2022-05-01 0 days 1,709 sqft
2022-06-01 0 days 1,482 sqft
2022-07-01 0 days 1,520 sqft
2022-08-01 0 days 1,531 sqft
2022-09-01 0 days 1,518 sqft
2022-10-01 0 days 1,583 sqft
2022-11-01 0 days 1,523 sqft
2022-12-01 0 days 1,435 sqft
2023-01-01 0 days 1,499 sqft
2023-02-01 0 days 1,435 sqft
2023-03-01 0 days 1,452 sqft
2023-04-01 0 days 1,403 sqft
2023-05-01 0 days 1,302 sqft
2023-06-01 0 days 1,486 sqft
2023-07-01 0 days 1,344 sqft
2023-08-01 0 days 1,460 sqft
2023-09-01 0 days 1,456 sqft
2023-10-01 0 days 1,457 sqft
2023-11-01 0 days 1,544 sqft
2023-12-01 0 days 1,449 sqft
2024-01-01 0 days 1,482 sqft
2024-02-01 0 days 1,534 sqft
2024-03-01 0 days 1,698 sqft
2024-04-01 0 days 1,587 sqft
Oskaloosa's median listing age (time on market) for 2024-04-01 was 0 days.

Oskaloosa's median square footage for active listings during the 2024-04-01 period was 1,587 sqft. One year prior, the average listing was 1,403 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.