Oskaloosa VA Loan Rates, Closing Costs & Stats

Oskaloosa, IA

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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.

    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 5.99% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.03% and one month ago for the week of 2024-11-08, the average rate was 6.42%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

    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
    2024-05-01 $198,975 (10.6%) $211,469 (1.0%) 0.00 21
    2024-06-01 $204,950 (5.7%) $224,722 (0.6%) 0.00 19
    2024-07-01 $215,000 (0.0%) $231,934 (2.9%) 0.00 29
    2024-08-01 $229,450 (21.4%) $245,849 (12.6%) 0.00 34
    2024-09-01 $227,175 (29.8%) $238,430 (10.9%) 0.00 33
    2024-10-01 $189,900 (12.7%) $212,268 (11.2%) 0.00 48
    2024-11-01 $189,950 (-9.4%) $212,675 (-4.5%) 0.00 49
    Oskaloosa's median listing price for 2024-11-01 was $189,950, a difference of $-19,725 (-9.4%) versus the prior year and $50 versus the prior month.

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

    Oskaloosa's average listing price for 2024-11-01 was $212,675, a difference of $-9,959 (-4.5%) versus the prior year and $407 versus the prior month.

    For the 2024-11-01 period, Oskaloosa had 49 MLS listings, a difference of 1 listings (2%) versus the prior month and 28 listings (133%) 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
    2024-05-01 0 days 1,563 sqft
    2024-06-01 0 days 1,621 sqft
    2024-07-01 0 days 1,565 sqft
    2024-08-01 0 days 1,528 sqft
    2024-09-01 0 days 1,542 sqft
    2024-10-01 0 days 1,414 sqft
    2024-11-01 0 days 1,322 sqft
    Oskaloosa's median listing age (time on market) for 2024-11-01 was 0 days.

    Oskaloosa's median square footage for active listings during the 2024-11-01 period was 1,322 sqft. One year prior, the average listing was 1,544 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.