Price VA Loan Rates, Closing Costs & Stats

Price, UT

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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.

    Price's 13 lenders originated 30 VA loans during 2023. The total origination value was $7,880,000, with an average VA loan value of $262,667.

    Price VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Price averaged 7.05% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Price's average VA mortgage closing costs are $5,950.

    The average rate for the prior week (2024-04-12) was 6.98% and one month ago for the week of 2024-03-15, the average rate was 6.64%.

    The average rate one year ago was 6.23%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Price 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 Price level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    SECURITY HOME MORTGAGE, LLC. 5 6.33% $8,255
    QUICKEN LOANS, LLC 5 6.25% $8,821
    Mortgage Research Center, LLC 4 7.03% $3,615
    UNITED WHOLESALE MORTGAGE, LLC 3 6.41% $8,264
    Bank of Utah 2 6.69% $1,367
    CROSSCOUNTRY MORTGAGE, LLC 2 6.66% $6,238
    FREEDOM MORTGAGE CORPORATION 2 7.19% $4,579
    NATIONS RELIABLE LENDING, LLC 1 5.50% $25,777
    NEWREZ LLC 1 6.25% $5,190
    Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $20,733
    RANLIFE, INC. 1 6.25% $5,950
    JPMorgan Chase Bank 1 7.75% $2,602
    GENEVA FINANCIAL, LLC 1 7.13% $0

    The top Price VA lender as defined by loan originations is SECURITY HOME MORTGAGE, LLC., with 5 VA loans originated. Their average total fees are $8,255, which is $567 lower than the next largest lender, QUICKEN LOANS, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Price (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 $121,150 (1.0%) $161,044 (15.3%) 0.00 143
    2018-02-01 $124,700 (0.9%) $163,123 (9.5%) 0.00 139
    2018-03-01 $129,750 (3.9%) $162,445 (7.7%) 0.00 142
    2018-04-01 $131,250 (1.7%) $169,937 (9.3%) 0.00 134
    2018-05-01 $130,000 (6.6%) $194,503 (25.6%) 0.00 135
    2018-06-01 $129,962 (4.0%) $189,368 (24.1%) 0.00 134
    2018-07-01 $129,975 (2.9%) $188,346 (22.1%) 0.00 136
    2018-08-01 $134,875 (8.6%) $197,010 (24.3%) 0.00 132
    2018-09-01 $145,000 (20.9%) $217,727 (36.4%) 0.00 123
    2018-10-01 $141,700 (16.3%) $212,813 (30.4%) 0.00 123
    2018-11-01 $139,175 (11.3%) $213,932 (28.8%) 0.00 116
    2018-12-01 $135,000 (7.1%) $210,224 (28.5%) 0.00 116
    2019-01-01 $134,750 (11.2%) $215,834 (34.0%) 0.00 111
    2019-02-01 $135,000 (8.3%) $222,641 (36.5%) 0.00 96
    2019-03-01 $135,000 (4.1%) $224,279 (38.1%) 0.00 93
    2019-04-01 $134,975 (2.8%) $223,920 (31.8%) 0.00 93
    2019-05-01 $144,250 (11.0%) $237,766 (22.2%) 0.00 84
    2019-06-01 $150,000 (15.4%) $248,007 (31.0%) 0.00 84
    2019-07-01 $150,375 (15.7%) $232,444 (23.4%) 0.00 89
    2019-08-01 $148,591 (10.2%) $220,312 (11.8%) 0.00 90
    2019-09-01 $147,977 (2.1%) $218,292 (0.3%) 0.00 89
    2019-10-01 $147,568 (4.1%) $218,901 (2.9%) 0.00 86
    2019-11-01 $144,500 (3.8%) $214,002 (0.0%) 0.00 69
    2019-12-01 $140,750 (4.3%) $211,652 (0.7%) 0.00 65
    2020-01-01 $156,575 (16.2%) $226,706 (5.0%) 0.00 58
    2020-02-01 $162,950 (20.7%) $264,578 (18.8%) 0.00 57
    2020-03-01 $165,750 (22.8%) $280,577 (25.1%) 0.00 47
    2020-04-01 $165,113 (22.3%) $279,747 (24.9%) 0.00 50
    2020-05-01 $168,500 (16.8%) $270,869 (13.9%) 0.00 49
    2020-06-01 $151,000 (0.7%) $275,709 (11.2%) 0.00 48
    2020-07-01 $184,750 (22.9%) $295,954 (27.3%) 0.00 49
    2020-08-01 $220,000 (48.1%) $335,095 (52.1%) 0.00 41
    2020-09-01 $195,023 (31.8%) $297,892 (36.5%) 0.00 46
    2020-10-01 $147,950 (0.3%) $217,615 (-0.6%) 0.00 53
    2020-11-01 $152,000 (5.2%) $200,433 (-6.3%) 0.00 54
    2020-12-01 $141,975 (0.9%) $205,442 (-2.9%) 0.00 47
    2021-01-01 $139,900 (-10.7%) $180,461 (-20.4%) 0.00 32
    2021-02-01 $160,975 (-1.2%) $206,621 (-21.9%) 0.00 27
    2021-03-01 $200,000 (20.7%) $218,684 (-22.1%) 0.00 22
    2021-04-01 $239,995 (45.4%) $331,774 (18.6%) 0.00 20
    2021-05-01 $234,495 (39.2%) $400,760 (48.0%) 0.00 22
    2021-06-01 $222,250 (47.2%) $376,433 (36.5%) 0.00 33
    2021-07-01 $225,000 (21.8%) $360,824 (21.9%) 0.00 49
    2021-08-01 $249,723 (13.5%) $354,928 (5.9%) 0.00 52
    2021-09-01 $243,725 (25.0%) $341,988 (14.8%) 0.00 57
    2021-10-01 $225,000 (52.1%) $358,727 (64.8%) 0.00 37
    2021-11-01 $199,375 (31.2%) $256,066 (27.8%) 0.00 32
    2021-12-01 $199,375 (40.4%) $243,477 (18.5%) 0.00 20
    2022-01-01 $191,250 (36.7%) $232,720 (29.0%) 0.00 15
    2022-02-01 $354,125 (120.0%) $338,222 (63.7%) 0.00 11
    2022-03-01 $297,000 (48.5%) $326,467 (49.3%) 0.00 14
    2022-04-01 $265,000 (10.4%) $294,463 (-11.3%) 0.00 27
    2022-05-01 $264,500 (12.8%) $339,394 (-15.3%) 0.00 32
    2022-06-01 $309,900 (39.4%) $348,821 (-7.3%) 0.00 44
    2022-07-01 $385,000 (71.1%) $367,778 (1.9%) 0.00 60
    2022-08-01 $350,000 (40.2%) $341,957 (-3.7%) 0.00 58
    2022-09-01 $349,000 (43.2%) $349,634 (2.2%) 0.00 57
    2022-10-01 $325,000 (44.4%) $352,611 (-1.7%) 0.00 60
    2022-11-01 $324,900 (63.0%) $338,760 (32.3%) 0.00 68
    2022-12-01 $319,950 (60.5%) $336,337 (38.1%) 0.00 67
    2023-01-01 $340,000 (77.8%) $349,272 (50.1%) 0.00 55
    2023-02-01 $380,750 (7.5%) $348,731 (3.1%) 0.00 46
    2023-03-01 $392,500 (32.2%) $363,817 (11.4%) 0.00 47
    2023-04-01 $414,000 (56.2%) $375,741 (27.6%) 0.00 62
    2023-05-01 $424,000 (60.3%) $398,953 (17.6%) 0.00 64
    2023-06-01 $375,450 (21.2%) $412,880 (18.4%) 0.00 81
    2023-07-01 $392,000 (1.8%) $434,831 (18.2%) 0.00 81
    2023-08-01 $421,250 (20.4%) $431,569 (26.2%) 0.00 82
    2023-09-01 $375,000 (7.5%) $420,860 (20.4%) 0.00 87
    2023-10-01 $362,500 (11.5%) $449,360 (27.4%) 0.00 93
    2023-11-01 $352,500 (8.5%) $382,946 (13.0%) 0.00 92
    2023-12-01 $350,000 (9.4%) $375,358 (11.6%) 0.00 90
    2024-01-01 $358,750 (5.5%) $390,294 (11.7%) 0.00 86
    2024-02-01 $380,000 (-0.2%) $391,410 (12.2%) 0.00 83
    2024-03-01 $395,000 (0.6%) $425,122 (16.9%) 0.00 78
    Price's median listing price for 2024-03-01 was $395,000, a difference of $2,500 (0.6%) versus the prior year and $15,000 versus the prior month.

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

    Price's average listing price for 2024-03-01 was $425,122, a difference of $61,305 (16.9%) versus the prior year and $33,712 versus the prior month.

    For the 2024-03-01 period, Price had 78 MLS listings, a difference of -5 listings (-6%) versus the prior month and 31 listings (66%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Price (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,862 sqft
    2018-02-01 0 days 1,954 sqft
    2018-03-01 0 days 1,936 sqft
    2018-04-01 0 days 1,918 sqft
    2018-05-01 0 days 1,950 sqft
    2018-06-01 0 days 1,898 sqft
    2018-07-01 0 days 1,898 sqft
    2018-08-01 0 days 1,976 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,062 sqft
    2018-11-01 0 days 2,042 sqft
    2018-12-01 0 days 1,984 sqft
    2019-01-01 0 days 1,999 sqft
    2019-02-01 0 days 2,015 sqft
    2019-03-01 0 days 2,023 sqft
    2019-04-01 0 days 2,002 sqft
    2019-05-01 0 days 2,037 sqft
    2019-06-01 0 days 2,112 sqft
    2019-07-01 0 days 1,973 sqft
    2019-08-01 0 days 1,973 sqft
    2019-09-01 0 days 1,973 sqft
    2019-10-01 0 days 1,995 sqft
    2019-11-01 0 days 2,016 sqft
    2019-12-01 0 days 2,101 sqft
    2020-01-01 0 days 2,112 sqft
    2020-02-01 0 days 2,162 sqft
    2020-03-01 0 days 2,225 sqft
    2020-04-01 0 days 2,060 sqft
    2020-05-01 0 days 1,989 sqft
    2020-06-01 0 days 1,933 sqft
    2020-07-01 0 days 2,129 sqft
    2020-08-01 0 days 2,248 sqft
    2020-09-01 0 days 2,284 sqft
    2020-10-01 0 days 1,725 sqft
    2020-11-01 0 days 1,717 sqft
    2020-12-01 0 days 1,670 sqft
    2021-01-01 0 days 1,574 sqft
    2021-02-01 0 days 1,671 sqft
    2021-03-01 0 days 1,694 sqft
    2021-04-01 0 days 1,860 sqft
    2021-05-01 0 days 1,836 sqft
    2021-06-01 0 days 1,729 sqft
    2021-07-01 0 days 1,904 sqft
    2021-08-01 0 days 1,944 sqft
    2021-09-01 0 days 2,008 sqft
    2021-10-01 0 days 1,904 sqft
    2021-11-01 0 days 2,005 sqft
    2021-12-01 0 days 1,877 sqft
    2022-01-01 0 days 1,846 sqft
    2022-02-01 0 days 2,109 sqft
    2022-03-01 0 days 1,951 sqft
    2022-04-01 0 days 1,712 sqft
    2022-05-01 0 days 1,827 sqft
    2022-06-01 0 days 1,842 sqft
    2022-07-01 0 days 1,659 sqft
    2022-08-01 0 days 1,659 sqft
    2022-09-01 0 days 1,658 sqft
    2022-10-01 0 days 1,659 sqft
    2022-11-01 0 days 1,737 sqft
    2022-12-01 0 days 1,678 sqft
    2023-01-01 0 days 1,680 sqft
    2023-02-01 0 days 1,658 sqft
    2023-03-01 0 days 1,658 sqft
    2023-04-01 0 days 1,753 sqft
    2023-05-01 0 days 1,940 sqft
    2023-06-01 0 days 2,167 sqft
    2023-07-01 0 days 2,200 sqft
    2023-08-01 0 days 2,424 sqft
    2023-09-01 0 days 2,080 sqft
    2023-10-01 0 days 2,055 sqft
    2023-11-01 0 days 2,016 sqft
    2023-12-01 0 days 1,960 sqft
    2024-01-01 0 days 1,971 sqft
    2024-02-01 0 days 2,085 sqft
    2024-03-01 0 days 2,112 sqft
    Price's median listing age (time on market) for 2024-03-01 was 0 days.

    Price's median square footage for active listings during the 2024-03-01 period was 2,112 sqft. One year prior, the average listing was 1,658 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.