Providence VA Loan Rates, Closing Costs & Stats

PROVIDENCE-WARWICK, RI-MA

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.

Providence's 102 lenders originated 1,242 VA loans during 2024. The total origination value was $583,460,000, with an average VA loan value of $469,775.

Providence VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Providence averaged 6.73% for the week of 2025-08-29, compared to the national average (all VA variants) of 6.115% for the same period.

Providence's average VA mortgage closing costs are $7,006.

The average rate for the prior week (2025-08-22) was 6.5% and one month ago for the week of 2025-07-25, the average rate was 6.78%.

The average rate one year ago was 6.21%.

For refis of the same type during the week of 2025-08-29, the average rate was 6.39%.

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

Providence 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 Providence level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 159 6.35% $8,261
UNITED WHOLESALE MORTGAGE, LLC 97 5.96% $9,023
MOVEMENT MORTGAGE, LLC 93 6.25% $9,052
QUICKEN LOANS, LLC 74 6.04% $10,677
NAVY FEDERAL CREDIT UNION 71 5.84% $7,595
FREEDOM MORTGAGE CORPORATION 66 6.16% $11,454
PENNYMAC LOAN SERVICES, LLC 36 5.61% $12,411
NEWREZ LLC 35 6.07% $9,457
LOANDEPOT.COM, LLC 34 6.38% $13,034
The Federal Savings Bank 33 6.22% $20,201
GUILD MORTGAGE COMPANY 32 6.41% $10,004
USAA Federal Savings Bank 29 6.18% $12,091
BAYCOAST MORTGAGE COMPANY, LLC 26 5.74% $8,936
CROSSCOUNTRY MORTGAGE, LLC 24 6.13% $10,999
GUARANTEED RATE, INC. 18 6.25% $7,309
CMG MORTGAGE, INC. 18 6.29% $10,253
Semper Home Loans, Inc. 15 6.45% $13,283
VILLAGE CAPITAL MORTGAGE 15 5.72% $5,751
NFM, INC. 15 6.23% $14,955
TOTAL MORTGAGE SERVICES, LLC 14 6.31% $11,521
Northpointe Bank 13 6.08% $12,637
The Washington Trust Company, of Westerly 10 6.07% $7,602
MUTUAL OF OMAHA MORTGAGE, INC. 10 6.24% $12,585
BROKER SOLUTIONS, INC. 9 6.33% $10,021
LAKEVIEW LOAN SERVICING, LLC 9 6.03% $7,205
EMBRACE HOME LOANS, INC. 9 6.39% $14,844
Magnolia Bank 8 5.89% $15,767
Waterstone Mortgage Corporation 8 6.53% $14,825
AMERICAN FINANCIAL NETWORK, INC. 8 6.31% $7,523
Home Loan Investment Bank, F.S.B. 8 6.27% $10,084
Leader Bank 8 5.95% $9,429
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.61% $6,895
Fall River Five Cents Savings Bank 7 5.84% $10,922
PROVINCE MORTGAGE ASSOCIATES, INC. 7 6.79% $9,913
NBKC BANK 7 5.75% $11,676
HARBORONE MORTGAGE, LLC 7 6.46% $7,566
First Federal Bank 6 5.88% $5,132
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.42% $11,767
Armed Forces Bank 6 5.94% $9,112
Mr. Cooper ( Nationstar Mortgage ) 6 6.50% $12,190
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.93% $9,039
U.S. Bank 5 6.48% $8,722
NATIONS DIRECT MORTGAGE, LLC 5 6.58% $9,428
T2 FINANCIAL LLC 4 6.13% $11,827
FIRST MORTGAGE COMPANY, INC. 4 6.16% $8,299
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.63% $1,738
RADIUS FINANCIAL GROUP INC. 4 6.34% $12,047
RELIANCE FIRST CAPITAL, LLC 4 5.97% $13,278
Texana Bank 4 6.59% $28,924
Paramount Residential Mortgage Group, Inc. 3 5.83% $22,550
JPMorgan Chase Bank 3 6.33% $2,229
MORTGAGE EQUITY PARTNERS LLC 3 6.42% $9,624
Carrington Mortgage Services, LLC 3 5.96% $10,850
Sierra Pacific Mortgage Company, Inc. 3 6.67% $22,536
Prosperity Home Mortgage, LLC 3 6.21% $7,258
PLANET HOME LENDING, LLC 3 6.21% $3,488
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.29% $5,408
FIRST HOME MORTGAGE CORPORATION 2 5.94% $10,122
GUARANTEED RATE AFFINITY, LLC 2 6.00% $12,051
PENTAGON FEDERAL CREDIT UNION 2 5.50% $3,942
PHH Mortgage Corporation 2 5.50% $5,295
PLAZA HOME MORTGAGE, INC. 2 6.50% $5,393
POLARIS HOME FUNDING CORP. 2 6.88% $32,649
Citizens Bank 2 6.50% $10,594
AMERISAVE MORTGAGE CORPORATION 2 5.75% $23,892
SALEM FIVE MORTGAGE COMPANY, LLC 2 6.56% $9,093
SUCCESS MORTGAGE PARTNERS, INC. 2 6.31% $22,562
SUMMIT FUNDING, INC. 2 6.19% $6,604
Barrington Bank & Trust Company, N.A. 2 5.50% $6,810
CARDINAL FINANCIAL 1 6.25% $4,841
HOMESIDE FINANCIAL, LLC 1 5.63% $4,631
Capital Bank 1 6.75% $13,045
BAY-VALLEY MORTGAGE GROUP 1 5.88% $13,935
PREMIA MORTGAGE, LLC 1 5.53% $1,750
Cornerstone First Mortgage, Inc 1 5.75% $6,893
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $1,865
HOMESPIRE MORTGAGE CORPORATION 1 6.75% $1,894
CONTOUR MORTGAGE CORPORATION 1 6.50% $5,253
BAY EQUITY LLC 1 6.75% $16,806
LOANPAL, LLC 1 5.63% $10,577
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $7,942
Meridian Bank Corporation 1 6.75% $46,535
CIBM Bank 1 6.75% $20,120
Service Federal Credit Union 1 5.63% $9,423
HOMESTEAD FUNDING CORP. 1 6.75% $17,721
Stifel Bank and Trust 1 5.50% $4,548
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.50% $4,841
Lakeview Community Capital, LLC 1 5.75% $10,722
SUN WEST MORTGAGE COMPANY, INC. 1 5.38% $6,495
Ixonia Bank 1 6.25% $16,453
ZILLOW HOME LOANS, LLC 1 6.13% $15,139
The Camden National Bank 1 5.88% $4,952
Florida Capital Bank 1 6.25% $3,481
Flagstar Bank, FSB 1 6.63% $2,307
FM Home Loans, LLC 1 6.75% $22,098
North American Savings Bank, F.S.B. 1 5.75% $8,804
EMM LOANS LLC 1 6.25% $13,497
NORTHPOINT MORTGAGE, INC. 1 6.13% $11,778
OCEAN STATE CREDIT UNION 1 7.13% $3,506
NATIONS RELIABLE LENDING, LLC 1 6.25% $2,413
Easthampton Savings Bank 1 6.75% $13,234
The Central Trust Bank 1 6.25% $3,470

The top Providence VA lender as defined by loan originations is Mortgage Research Center, LLC, with 159 VA loans originated. Their average total fees are $8,261, which is $761 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Providence VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($5,751), GUARANTEED RATE, INC. ($7,309), NAVY FEDERAL CREDIT UNION ($7,595), The Washington Trust Company, of Westerly ($7,602) and Mortgage Research Center, LLC ($8,261).

The lowest rate Providence VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.61%), VILLAGE CAPITAL MORTGAGE (5.72%), BAYCOAST MORTGAGE COMPANY, LLC (5.74%), NAVY FEDERAL CREDIT UNION (5.84%) and UNITED WHOLESALE MORTGAGE, LLC (5.96%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Providence (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 $339,900 (6.4%) $534,035 (6.1%) 1.26 3,680
2018-02-01 $349,450 (7.4%) $544,558 (7.1%) 1.27 3,510
2018-03-01 $359,000 (6.4%) $546,532 (4.7%) 1.26 3,544
2018-04-01 $369,000 (5.5%) $555,644 (2.4%) 1.25 3,764
2018-05-01 $372,400 (6.4%) $558,752 (2.4%) 1.24 4,163
2018-06-01 $369,900 (2.8%) $558,162 (0.5%) 1.23 4,805
2018-07-01 $370,000 (3.1%) $566,792 (1.5%) 1.24 5,134
2018-08-01 $369,000 (5.5%) $553,123 (0.4%) 1.24 5,353
2018-09-01 $364,900 (4.3%) $547,484 (0.6%) 1.23 5,561
2018-10-01 $352,500 (0.9%) $535,174 (-0.1%) 1.19 5,697
2018-11-01 $349,900 (0.3%) $534,839 (1.4%) 1.19 5,499
2018-12-01 $349,900 (2.9%) $521,359 (-0.6%) 1.21 4,956
2019-01-01 $349,900 (2.9%) $524,274 (-1.8%) 1.21 4,391
2019-02-01 $357,400 (2.3%) $545,059 (0.1%) 1.21 4,090
2019-03-01 $366,329 (2.0%) $552,160 (1.0%) 1.20 4,181
2019-04-01 $376,950 (2.2%) $562,932 (1.3%) 1.20 4,320
2019-05-01 $379,950 (2.0%) $574,002 (2.7%) 1.19 4,606
2019-06-01 $384,900 (4.1%) $579,321 (3.8%) 1.20 4,745
2019-07-01 $387,000 (4.6%) $587,895 (3.7%) 1.21 4,782
2019-08-01 $379,655 (2.9%) $583,410 (5.5%) 1.20 4,797
2019-09-01 $379,286 (3.9%) $581,326 (6.2%) 1.21 4,807
2019-10-01 $379,491 (7.7%) $581,055 (8.6%) 1.22 4,804
2019-11-01 $379,900 (8.6%) $586,270 (9.6%) 1.25 4,421
2019-12-01 $369,900 (5.7%) $561,197 (7.6%) 1.23 3,819
2020-01-01 $367,450 (5.0%) $558,920 (6.6%) 1.23 3,415
2020-02-01 $383,700 (7.4%) $582,583 (6.9%) 1.26 3,115
2020-03-01 $399,000 (8.9%) $610,476 (10.6%) 1.25 3,082
2020-04-01 $399,000 (5.9%) $621,271 (10.4%) 1.25 3,057
2020-05-01 $399,900 (5.3%) $643,074 (12.0%) 1.22 3,000
2020-06-01 $429,450 (11.6%) $688,611 (18.9%) 1.27 2,788
2020-07-01 $427,450 (10.5%) $702,182 (19.4%) 1.24 2,542
2020-08-01 $429,900 (13.2%) $722,879 (23.9%) 1.23 2,352
2020-09-01 $422,450 (11.4%) $747,197 (28.5%) 1.21 2,303
2020-10-01 $419,900 (10.7%) $738,887 (27.2%) 1.20 2,319
2020-11-01 $409,950 (7.9%) $730,090 (24.5%) 1.20 2,180
2020-12-01 $415,000 (12.2%) $739,930 (31.9%) 1.23 1,852
2021-01-01 $431,900 (17.5%) $802,372 (43.6%) 1.29 1,581
2021-02-01 $422,400 (10.1%) $804,758 (38.1%) 1.23 1,305
2021-03-01 $399,900 (0.2%) $776,989 (27.3%) 1.13 1,323
2021-04-01 $404,763 (1.4%) $792,528 (27.6%) 1.10 1,300
2021-05-01 $399,900 (0.0%) $775,862 (20.7%) 1.06 1,376
2021-06-01 $424,225 (-1.2%) $785,571 (14.1%) 1.12 1,626
2021-07-01 $429,900 (0.6%) $775,577 (10.5%) 1.13 1,899
2021-08-01 $438,900 (2.1%) $752,798 (4.1%) 1.17 2,035
2021-09-01 $437,400 (3.5%) $738,122 (-1.2%) 1.17 2,077
2021-10-01 $439,900 (4.8%) $699,443 (-5.3%) 1.17 2,036
2021-11-01 $434,425 (6.0%) $713,576 (-2.3%) 1.16 1,791
2021-12-01 $427,450 (3.0%) $713,774 (-3.5%) 1.16 1,419
2022-01-01 $450,000 (4.2%) $769,271 (-4.1%) 1.22 1,113
2022-02-01 $457,400 (8.3%) $759,805 (-5.6%) 1.19 1,017
2022-03-01 $442,225 (10.6%) $743,895 (-4.3%) 1.11 997
2022-04-01 $474,999 (17.4%) $727,988 (-8.1%) 1.13 1,104
2022-05-01 $472,450 (18.1%) $713,797 (-8.0%) 1.08 1,407
2022-06-01 $480,450 (13.3%) $718,239 (-8.6%) 1.07 1,711
2022-07-01 $479,900 (11.6%) $731,528 (-5.7%) 1.08 2,037
2022-08-01 $475,000 (8.2%) $761,008 (1.1%) 1.10 2,018
2022-09-01 $479,900 (9.7%) $781,272 (5.9%) 1.12 1,886
2022-10-01 $474,500 (7.9%) $774,346 (10.7%) 1.12 1,952
2022-11-01 $474,975 (9.3%) $749,847 (5.1%) 1.14 1,930
2022-12-01 $475,000 (11.1%) $754,672 (5.7%) 1.17 1,646
2023-01-01 $475,000 (5.6%) $764,107 (-0.7%) 1.18 1,444
2023-02-01 $497,700 (8.8%) $819,670 (7.9%) 1.20 1,282
2023-03-01 $513,675 (16.2%) $908,453 (22.1%) 1.21 1,168
2023-04-01 $529,450 (11.5%) $903,595 (24.1%) 1.23 1,218
2023-05-01 $539,950 (14.3%) $923,223 (29.3%) 1.22 1,258
2023-06-01 $549,900 (14.5%) $924,954 (28.8%) 1.24 1,379
2023-07-01 $550,000 (14.6%) $959,429 (31.2%) 1.25 1,370
2023-08-01 $549,900 (15.8%) $938,213 (23.3%) 1.26 1,480
2023-09-01 $550,000 (14.6%) $942,668 (20.7%) 1.28 1,544
2023-10-01 $539,450 (13.7%) $908,419 (17.3%) 1.27 1,700
2023-11-01 $526,750 (10.9%) $863,141 (15.1%) 1.25 1,748
2023-12-01 $499,900 (5.2%) $826,604 (9.5%) 1.22 1,585
2024-01-01 $504,900 (6.3%) $820,028 (7.3%) 1.23 1,308
2024-02-01 $499,900 (0.4%) $815,143 (-0.6%) 1.20 1,179
2024-03-01 $499,950 (-2.7%) $820,652 (-9.7%) 1.18 1,170
2024-04-01 $524,450 (-0.9%) $873,266 (-3.4%) 1.22 1,210
2024-05-01 $576,950 (6.9%) $949,417 (2.8%) 1.31 1,468
2024-06-01 $580,000 (5.5%) $938,474 (1.5%) 1.32 1,693
2024-07-01 $586,200 (6.6%) $962,651 (0.3%) 1.34 1,792
2024-08-01 $573,700 (4.3%) $977,981 (4.2%) 1.33 1,875
2024-09-01 $567,500 (3.2%) $951,060 (0.9%) 1.34 2,048
2024-10-01 $552,500 (2.4%) $926,175 (2.0%) 1.30 2,082
2024-11-01 $539,900 (2.5%) $900,498 (4.3%) 1.30 2,008
2024-12-01 $524,950 (5.0%) $880,174 (6.5%) 1.30 1,654
2025-01-01 $521,175 (3.2%) $892,832 (8.9%) 1.30 1,453
2025-02-01 $534,900 (7.0%) $899,584 (10.4%) 1.30 1,417
2025-03-01 $549,900 (10.0%) $908,756 (10.7%) 1.29 1,473
2025-04-01 $584,900 (11.5%) $940,135 (7.7%) 1.36 1,619
2025-05-01 $595,000 (3.1%) $963,946 (1.5%) 1.35 1,967
2025-06-01 $599,900 (3.4%) $984,304 (4.9%) 1.36 2,193
2025-07-01 $604,950 (3.2%) $994,815 (3.3%) 1.38 2,215
Providence's median listing price for 2025-07-01 was $604,950, a difference of $18,750 (3.2%) versus the prior year and $5,050 versus the prior month.

Providence's median listing price comes in at 138% of the national average.

Providence's average listing price for 2025-07-01 was $994,815, a difference of $32,164 (3.3%) versus the prior year and $10,511 versus the prior month.

For the 2025-07-01 period, Providence had 2,215 MLS listings, a difference of 22 listings (1%) versus the prior month and 423 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Providence (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 1,676 sqft
2018-02-01 76 days 1,693 sqft
2018-03-01 51 days 1,715 sqft
2018-04-01 45 days 1,733 sqft
2018-05-01 39 days 1,737 sqft
2018-06-01 38 days 1,725 sqft
2018-07-01 45 days 1,729 sqft
2018-08-01 47 days 1,711 sqft
2018-09-01 50 days 1,700 sqft
2018-10-01 52 days 1,699 sqft
2018-11-01 56 days 1,682 sqft
2018-12-01 66 days 1,674 sqft
2019-01-01 75 days 1,668 sqft
2019-02-01 72 days 1,679 sqft
2019-03-01 58 days 1,692 sqft
2019-04-01 45 days 1,713 sqft
2019-05-01 45 days 1,737 sqft
2019-06-01 45 days 1,761 sqft
2019-07-01 51 days 1,749 sqft
2019-08-01 51 days 1,726 sqft
2019-09-01 50 days 1,714 sqft
2019-10-01 49 days 1,710 sqft
2019-11-01 57 days 1,728 sqft
2019-12-01 70 days 1,681 sqft
2020-01-01 74 days 1,678 sqft
2020-02-01 65 days 1,700 sqft
2020-03-01 48 days 1,739 sqft
2020-04-01 52 days 1,734 sqft
2020-05-01 60 days 1,754 sqft
2020-06-01 47 days 1,800 sqft
2020-07-01 46 days 1,773 sqft
2020-08-01 39 days 1,776 sqft
2020-09-01 30 days 1,755 sqft
2020-10-01 31 days 1,727 sqft
2020-11-01 39 days 1,697 sqft
2020-12-01 51 days 1,699 sqft
2021-01-01 54 days 1,700 sqft
2021-02-01 48 days 1,648 sqft
2021-03-01 37 days 1,631 sqft
2021-04-01 29 days 1,600 sqft
2021-05-01 28 days 1,570 sqft
2021-06-01 22 days 1,600 sqft
2021-07-01 26 days 1,600 sqft
2021-08-01 25 days 1,612 sqft
2021-09-01 29 days 1,648 sqft
2021-10-01 26 days 1,639 sqft
2021-11-01 31 days 1,622 sqft
2021-12-01 47 days 1,574 sqft
2022-01-01 43 days 1,596 sqft
2022-02-01 39 days 1,600 sqft
2022-03-01 31 days 1,573 sqft
2022-04-01 25 days 1,604 sqft
2022-05-01 22 days 1,607 sqft
2022-06-01 22 days 1,618 sqft
2022-07-01 29 days 1,602 sqft
2022-08-01 33 days 1,621 sqft
2022-09-01 39 days 1,645 sqft
2022-10-01 36 days 1,648 sqft
2022-11-01 38 days 1,650 sqft
2022-12-01 45 days 1,663 sqft
2023-01-01 53 days 1,632 sqft
2023-02-01 45 days 1,650 sqft
2023-03-01 41 days 1,665 sqft
2023-04-01 35 days 1,664 sqft
2023-05-01 31 days 1,709 sqft
2023-06-01 31 days 1,912 sqft
2023-07-01 35 days 1,912 sqft
2023-08-01 30 days 1,892 sqft
2023-09-01 36 days 1,885 sqft
2023-10-01 34 days 1,871 sqft
2023-11-01 36 days 1,848 sqft
2023-12-01 45 days 1,807 sqft
2024-01-01 54 days 1,825 sqft
2024-02-01 38 days 1,800 sqft
2024-03-01 36 days 1,805 sqft
2024-04-01 29 days 1,810 sqft
2024-05-01 22 days 1,863 sqft
2024-06-01 28 days 1,870 sqft
2024-07-01 32 days 1,881 sqft
2024-08-01 32 days 1,884 sqft
2024-09-01 35 days 1,862 sqft
2024-10-01 36 days 1,835 sqft
2024-11-01 41 days 1,814 sqft
2024-12-01 49 days 1,793 sqft
2025-01-01 52 days 1,783 sqft
2025-02-01 39 days 1,796 sqft
2025-03-01 36 days 1,800 sqft
2025-04-01 29 days 1,831 sqft
2025-05-01 30 days 1,835 sqft
2025-06-01 31 days 1,883 sqft
2025-07-01 37 days 1,901 sqft
Providence's median listing age (time on market) for 2025-07-01 was 37 days. This is 14% longer than the same period one year ago.

Providence's median square footage for active listings during the 2025-07-01 period was 1,901 sqft. One year prior, the average listing was 1,881 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.