Plattsburgh VA Loan Rates, Closing Costs & Stats

Plattsburgh, NY

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.

Plattsburgh's 26 lenders originated 142 VA loans during 2021. The total origination value was $28,210,000, with an average VA loan value of $198,662.

Plattsburgh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Plattsburgh averaged 6.51% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Plattsburgh's average VA mortgage closing costs are $5,007.

The average rate for the prior week (2022-11-25) was 6.74% and one month ago for the week of 2022-10-28, the average rate was 6.93%.

The average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.47%.

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

Plattsburgh 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 Plattsburgh level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 30 2.54% $5,422
CROSSCOUNTRY MORTGAGE, LLC 13 3.18% $5,648
Mortgage Research Center, LLC 11 2.98% $8,617
USAA Federal Savings Bank 10 3.00% $3,610
FREEDOM MORTGAGE CORPORATION 9 2.83% $3,180
PARAGON HOME LOANS INC. 8 2.94% $6,756
NAVY FEDERAL CREDIT UNION 6 2.44% $4,637
Barrington Bank & Trust Company, N.A. 5 2.78% $5,346
UNITED WHOLESALE MORTGAGE, LLC 4 2.54% $3,375
MLB RESIDENTIAL LENDING, LLC 3 3.04% $7,330
KeyBank 2 2.81% $3,624
First Federal Bank 2 3.13% $7,191
PLAZA HOME MORTGAGE, INC. 2 3.06% $4,295
LOANDEPOT.COM, LLC 2 2.49% $1,828
Mr. Cooper ( Nationstar Mortgage ) 2 3.38% $2,351
Carrington Mortgage Services, LLC 2 2.63% $1,878
CALIBER HOME LOANS, INC. 2 3.38% $6,155
Premium Mortgage Corporation 1 2.63% $525
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $818
North American Savings Bank, F.S.B. 1 2.88% $3,553
Bank of England 1 2.38% $2,403
HARTFORD FUNDING, LTD. 1 3.50% $9,410
Flagstar Bank, FSB 1 2.87% $4,426
NEWREZ LLC 1 2.25% $1,997
HOME POINT FINANCIAL CORPORATION 1 2.25% $2,571
NORTHERN CREDIT UNION 1 3.00% $3,408

The top Plattsburgh VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 30 VA loans originated. Their average total fees are $5,422, which is $227 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Plattsburgh VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($3,610), QUICKEN LOANS, LLC ($5,422), CROSSCOUNTRY MORTGAGE, LLC ($5,648), Mortgage Research Center, LLC ($8,617) and .

The lowest rate Plattsburgh VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.54%), Mortgage Research Center, LLC (2.98%), USAA Federal Savings Bank (3.00%), CROSSCOUNTRY MORTGAGE, LLC (3.18%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Plattsburgh (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 $139,000 (-11.7%) $201,592 (-1.8%) 0.00 230
2018-02-01 $139,900 (-7.2%) $207,054 (2.1%) 0.00 223
2018-03-01 $154,950 (3.4%) $220,332 (9.5%) 0.00 220
2018-04-01 $162,000 (8.5%) $233,725 (11.7%) 0.00 233
2018-05-01 $169,975 (11.2%) $241,762 (7.7%) 0.00 249
2018-06-01 $174,900 (7.1%) $242,621 (5.7%) 0.00 279
2018-07-01 $179,900 (12.5%) $245,685 (9.5%) 0.00 287
2018-08-01 $179,950 (11.9%) $246,461 (9.1%) 0.00 284
2018-09-01 $175,000 (9.7%) $242,329 (11.2%) 0.00 269
2018-10-01 $166,000 (4.2%) $238,755 (12.6%) 0.00 263
2018-11-01 $172,325 (18.5%) $239,035 (16.5%) 0.00 237
2018-12-01 $159,900 (13.2%) $219,647 (8.9%) 0.00 207
2019-01-01 $158,000 (13.7%) $220,760 (9.5%) 0.00 180
2019-02-01 $159,900 (14.3%) $222,477 (7.5%) 0.00 173
2019-03-01 $160,371 (3.5%) $224,273 (1.8%) 0.00 169
2019-04-01 $160,921 (-0.7%) $225,010 (-3.7%) 0.00 167
2019-05-01 $169,950 (0.0%) $226,101 (-6.5%) 0.00 197
2019-06-01 $169,900 (-2.9%) $229,341 (-5.5%) 0.00 237
2019-07-01 $189,000 (5.1%) $240,684 (-2.0%) 0.00 268
2019-08-01 $188,536 (4.8%) $235,525 (-4.4%) 0.00 277
2019-09-01 $186,491 (6.6%) $234,251 (-3.3%) 0.00 272
2019-10-01 $184,900 (11.4%) $233,252 (-2.3%) 0.00 260
2019-11-01 $169,900 (-1.4%) $231,188 (-3.3%) 0.00 234
2019-12-01 $167,450 (4.7%) $234,959 (7.0%) 0.00 194
2020-01-01 $154,375 (-2.3%) $218,555 (-1.0%) 0.00 171
2020-02-01 $159,450 (-0.3%) $226,183 (1.7%) 0.00 157
2020-03-01 $189,900 (18.4%) $241,929 (7.9%) 0.00 168
2020-04-01 $196,725 (22.3%) $242,956 (8.0%) 0.00 171
2020-05-01 $189,000 (11.2%) $248,383 (9.9%) 0.00 151
2020-06-01 $189,450 (11.5%) $245,344 (7.0%) 0.00 159
2020-07-01 $203,500 (7.7%) $261,363 (8.6%) 0.00 165
2020-08-01 $205,000 (8.7%) $264,504 (12.3%) 0.00 163
2020-09-01 $202,450 (8.6%) $265,239 (13.2%) 0.00 170
2020-10-01 $192,000 (3.8%) $262,896 (12.7%) 0.00 165
2020-11-01 $194,450 (14.5%) $262,650 (13.6%) 0.00 162
2020-12-01 $194,575 (16.2%) $260,798 (11.0%) 0.00 149
2021-01-01 $189,000 (22.4%) $252,449 (15.5%) 0.00 132
2021-02-01 $179,975 (12.9%) $239,495 (5.9%) 0.00 117
2021-03-01 $201,375 (6.0%) $265,237 (9.6%) 0.00 93
2021-04-01 $229,375 (16.6%) $286,783 (18.0%) 0.00 85
2021-05-01 $239,000 (26.5%) $294,221 (18.5%) 0.00 85
2021-06-01 $249,900 (31.9%) $293,223 (19.5%) 0.00 104
2021-07-01 $230,000 (13.0%) $277,144 (6.0%) 0.00 110
2021-08-01 $232,425 (13.4%) $263,006 (-0.6%) 0.00 107
2021-09-01 $220,588 (9.0%) $243,676 (-8.1%) 0.00 102
2021-10-01 $204,975 (6.8%) $260,171 (-1.0%) 0.00 102
2021-11-01 $189,975 (-2.3%) $234,987 (-10.5%) 0.00 101
2021-12-01 $189,925 (-2.4%) $224,896 (-13.8%) 0.00 89
2022-01-01 $182,950 (-3.2%) $212,545 (-15.8%) 0.00 90
2022-02-01 $191,700 (6.5%) $214,981 (-10.2%) 0.00 71
2022-03-01 $188,450 (-6.4%) $209,525 (-21.0%) 0.00 67
2022-04-01 $179,000 (-22.0%) $209,370 (-27.0%) 0.00 65
2022-05-01 $197,200 (-17.5%) $247,650 (-15.8%) 0.00 81
2022-06-01 $218,000 (-12.8%) $261,978 (-10.7%) 0.00 113
2022-07-01 $219,363 (-4.6%) $267,004 (-3.7%) 0.00 128
2022-08-01 $223,313 (-3.9%) $276,650 (5.2%) 0.00 121
2022-09-01 $201,200 (-8.8%) $273,948 (12.4%) 0.00 111
2022-10-01 $204,500 (-0.2%) $264,184 (1.5%) 0.00 111
2022-11-01 $184,950 (-2.6%) $245,538 (4.5%) 0.00 101
Plattsburgh's median listing price for 2022-11-01 was $184,950, a difference of $-5,025 (-2.6%) versus the prior year and $-19,550 versus the prior month.

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

Plattsburgh's average listing price for 2022-11-01 was $245,538, a difference of $10,551 (4.5%) versus the prior year and $-18,646 versus the prior month.

For the 2022-11-01 period, Plattsburgh had 101 MLS listings, a difference of -10 listings (-9%) versus the prior month and 0 listings (0%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Plattsburgh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,620 sqft
2018-02-01 0 days 1,628 sqft
2018-03-01 0 days 1,653 sqft
2018-04-01 0 days 1,690 sqft
2018-05-01 0 days 1,706 sqft
2018-06-01 0 days 1,734 sqft
2018-07-01 0 days 1,760 sqft
2018-08-01 0 days 1,749 sqft
2018-09-01 0 days 1,750 sqft
2018-10-01 0 days 1,742 sqft
2018-11-01 0 days 1,780 sqft
2018-12-01 0 days 1,739 sqft
2019-01-01 0 days 1,740 sqft
2019-02-01 0 days 1,705 sqft
2019-03-01 0 days 1,724 sqft
2019-04-01 0 days 1,725 sqft
2019-05-01 0 days 1,712 sqft
2019-06-01 0 days 1,659 sqft
2019-07-01 0 days 1,713 sqft
2019-08-01 0 days 1,717 sqft
2019-09-01 0 days 1,711 sqft
2019-10-01 0 days 1,707 sqft
2019-11-01 0 days 1,700 sqft
2019-12-01 0 days 1,701 sqft
2020-01-01 0 days 1,644 sqft
2020-02-01 0 days 1,652 sqft
2020-03-01 0 days 1,808 sqft
2020-04-01 0 days 1,826 sqft
2020-05-01 0 days 1,795 sqft
2020-06-01 0 days 1,737 sqft
2020-07-01 0 days 1,745 sqft
2020-08-01 0 days 1,773 sqft
2020-09-01 0 days 1,748 sqft
2020-10-01 0 days 1,726 sqft
2020-11-01 0 days 1,750 sqft
2020-12-01 0 days 1,744 sqft
2021-01-01 0 days 1,674 sqft
2021-02-01 0 days 1,698 sqft
2021-03-01 0 days 1,728 sqft
2021-04-01 0 days 1,824 sqft
2021-05-01 0 days 1,887 sqft
2021-06-01 0 days 1,801 sqft
2021-07-01 0 days 1,815 sqft
2021-08-01 0 days 1,779 sqft
2021-09-01 0 days 1,798 sqft
2021-10-01 0 days 1,728 sqft
2021-11-01 0 days 1,670 sqft
2021-12-01 0 days 1,670 sqft
2022-01-01 0 days 1,666 sqft
2022-02-01 0 days 1,672 sqft
2022-03-01 0 days 1,615 sqft
2022-04-01 0 days 1,536 sqft
2022-05-01 0 days 1,581 sqft
2022-06-01 0 days 1,637 sqft
2022-07-01 0 days 1,699 sqft
2022-08-01 0 days 1,715 sqft
2022-09-01 0 days 1,659 sqft
2022-10-01 0 days 1,614 sqft
2022-11-01 0 days 1,633 sqft
Plattsburgh's median listing age (time on market) for 2022-11-01 was 0 days.

Plattsburgh's median square footage for active listings during the 2022-11-01 period was 1,633 sqft. One year prior, the average listing was 1,670 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.