Poughkeepsie VA Loan Rates, Closing Costs & Stats

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, 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.

    Poughkeepsie's 47 lenders originated 275 VA loans during 2024. The total origination value was $123,465,000, with an average VA loan value of $448,964.

    Poughkeepsie VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Poughkeepsie averaged 6.85% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Poughkeepsie's average VA mortgage closing costs are $8,700.

    The average rate for the prior week (2025-05-16) was 7.04% and one month ago for the week of 2025-04-18, the average rate was 7.01%.

    The average rate one year ago was 7.13%.

    For refis of the same type during the week of 2025-05-23, the average rate was 7.22%.

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

    Poughkeepsie 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 Poughkeepsie level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 35 6.15% $13,248
    Mortgage Research Center, LLC 27 6.31% $10,386
    NAVY FEDERAL CREDIT UNION 23 6.00% $8,678
    CROSSCOUNTRY MORTGAGE, LLC 15 6.51% $12,504
    USAA Federal Savings Bank 14 6.72% $10,151
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 6.48% $13,413
    Barrington Bank & Trust Company, N.A. 12 6.17% $9,404
    HOMESTEAD FUNDING CORP. 9 6.25% $5,678
    LOANDEPOT.COM, LLC 9 6.19% $9,276
    PLANET HOME LENDING, LLC 8 5.86% $6,411
    UNITED WHOLESALE MORTGAGE, LLC 7 6.87% $10,556
    The Federal Savings Bank 7 6.20% $27,497
    NATIONWIDE MORTGAGE BANKERS, INC. 6 6.75% $17,619
    PLAZA HOME MORTGAGE, INC. 5 6.67% $8,565
    Mr. Cooper ( Nationstar Mortgage ) 5 6.58% $14,992
    GUARANTEED RATE, INC. 5 6.22% $5,645
    Carrington Mortgage Services, LLC 4 6.09% $12,198
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.69% $9,677
    1ST PRIORITY MORTGAGE, INC. 3 6.04% $7,572
    CONTOUR MORTGAGE CORPORATION 3 6.83% $19,192
    FREEDOM MORTGAGE CORPORATION 3 6.58% $15,611
    PENTAGON FEDERAL CREDIT UNION 3 6.08% $4,855
    PENNYMAC LOAN SERVICES, LLC 3 5.46% $6,435
    BROKER SOLUTIONS, INC. 3 6.46% $10,895
    RELIANCE FIRST CAPITAL, LLC 3 5.83% $15,607
    NEWREZ LLC 3 6.25% $7,525
    Flagstar Bank, FSB 3 6.08% $22,453
    JPMorgan Chase Bank 2 6.63% $7,232
    Armed Forces Bank 2 6.13% $10,069
    CARDINAL FINANCIAL 2 6.75% $15,058
    Equity Prime Mortgage LLC 2 7.00% $22,889
    MOVEMENT MORTGAGE, LLC 2 6.75% $19,086
    M&T Bank 2 6.13% $4,712
    TOTAL MORTGAGE SERVICES, LLC 2 6.44% $21,223
    Valley National Bank 2 6.19% $14,439
    NBKC BANK 1 5.50% $24,974
    Magnolia Bank 1 5.63% $18,590
    Prosperity Home Mortgage, LLC 1 5.75% $3,613
    KeyBank 1 4.88% $8,472
    INTERSTATE HOME LOAN CENTER, INC. 1 6.63% $25,124
    SUN WEST MORTGAGE COMPANY, INC. 1 5.37% $5,049
    Farmers Bank & Trust 1 7.00% $12,418
    ALLIED MORTGAGE GROUP, INC. 1 6.50% $4,302
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.50% $5,330
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $8,257
    PHH Mortgage Corporation 1 6.63% $25,124
    NJ LENDERS CORP. 1 6.25% $9,188

    The top Poughkeepsie VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 35 VA loans originated. Their average total fees are $13,248, which is $2,863 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Poughkeepsie VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($8,678), Barrington Bank & Trust Company, N.A. ($9,404), USAA Federal Savings Bank ($10,151), Mortgage Research Center, LLC ($10,386) and CROSSCOUNTRY MORTGAGE, LLC ($12,504).

    The lowest rate Poughkeepsie VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (6.00%), QUICKEN LOANS, LLC (6.15%), Barrington Bank & Trust Company, N.A. (6.17%), Mortgage Research Center, LLC (6.31%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (6.48%).

    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.