Racine VA Loan Rates, Closing Costs & Stats
RACINE, WI
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.
Racine's 52 lenders originated 179 VA loans during 2023. The total origination value was $50,635,000, with an average VA loan value of $282,877.
Racine VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Racine
averaged
0.4%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Racine's average VA mortgage closing costs are $5,230.
The average rate for the prior week (2024-11-22) was
6.77% and
one month ago for the week of 2024-10-25, the
average rate was 6.37%.
The average rate one year ago was 7.21%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.47%.
Racine 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 Racine level.
The top Racine VA lender as defined by loan originations is Mortgage Research Center, LLC, with
40 VA loans originated. Their average total fees are
$7,558, which is $4,750
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Racine VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($7,558), QUICKEN LOANS, LLC ($12,307), .
The lowest rate Racine VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.07%), Mortgage Research Center, LLC (6.72%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Racine (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $180,700 (9.5%) | $234,684 (5.6%) | 0.67 | 546 |
2018-02-01 | $190,950 (14.9%) | $237,575 (6.9%) | 0.69 | 529 |
2018-03-01 | $199,900 (9.9%) | $246,275 (7.6%) | 0.70 | 551 |
2018-04-01 | $218,700 (12.2%) | $255,336 (9.8%) | 0.74 | 582 |
2018-05-01 | $229,450 (14.8%) | $261,007 (8.2%) | 0.77 | 631 |
2018-06-01 | $239,900 (19.5%) | $270,305 (11.0%) | 0.80 | 667 |
2018-07-01 | $235,750 (17.9%) | $268,046 (9.6%) | 0.79 | 698 |
2018-08-01 | $227,000 (13.8%) | $266,103 (8.4%) | 0.76 | 767 |
2018-09-01 | $229,900 (10.0%) | $268,453 (8.9%) | 0.77 | 795 |
2018-10-01 | $225,950 (19.0%) | $266,165 (8.8%) | 0.77 | 796 |
2018-11-01 | $222,400 (18.6%) | $266,792 (11.0%) | 0.75 | 753 |
2018-12-01 | $210,000 (16.7%) | $258,952 (11.1%) | 0.72 | 669 |
2019-01-01 | $199,950 (10.7%) | $257,494 (9.7%) | 0.69 | 587 |
2019-02-01 | $228,450 (19.6%) | $277,973 (17.0%) | 0.77 | 552 |
2019-03-01 | $228,243 (14.2%) | $280,813 (14.0%) | 0.75 | 598 |
2019-04-01 | $244,900 (12.0%) | $298,569 (16.9%) | 0.78 | 662 |
2019-05-01 | $254,475 (10.9%) | $309,779 (18.7%) | 0.80 | 708 |
2019-06-01 | $239,200 (-0.3%) | $295,002 (9.1%) | 0.75 | 760 |
2019-07-01 | $229,950 (-2.5%) | $290,090 (8.2%) | 0.72 | 807 |
2019-08-01 | $229,655 (1.2%) | $288,245 (8.3%) | 0.73 | 824 |
2019-09-01 | $229,286 (-0.3%) | $287,268 (7.0%) | 0.73 | 822 |
2019-10-01 | $226,950 (0.4%) | $286,104 (7.5%) | 0.73 | 821 |
2019-11-01 | $215,000 (-3.3%) | $278,364 (4.3%) | 0.70 | 777 |
2019-12-01 | $209,800 (-0.1%) | $275,950 (6.6%) | 0.70 | 642 |
2020-01-01 | $210,000 (5.0%) | $279,472 (8.5%) | 0.70 | 579 |
2020-02-01 | $209,900 (-8.1%) | $280,324 (0.9%) | 0.69 | 583 |
2020-03-01 | $234,925 (2.9%) | $295,867 (5.4%) | 0.74 | 615 |
2020-04-01 | $233,075 (-4.8%) | $274,778 (-8.0%) | 0.73 | 623 |
2020-05-01 | $240,450 (-5.5%) | $282,504 (-8.8%) | 0.73 | 632 |
2020-06-01 | $245,975 (2.8%) | $284,125 (-3.7%) | 0.72 | 663 |
2020-07-01 | $250,000 (8.7%) | $306,814 (5.8%) | 0.72 | 685 |
2020-08-01 | $248,000 (8.0%) | $301,486 (4.6%) | 0.71 | 682 |
2020-09-01 | $239,950 (4.7%) | $299,797 (4.4%) | 0.69 | 671 |
2020-10-01 | $229,900 (1.3%) | $290,950 (1.7%) | 0.66 | 660 |
2020-11-01 | $209,950 (-2.4%) | $285,097 (2.4%) | 0.61 | 589 |
2020-12-01 | $199,944 (-4.7%) | $281,649 (2.1%) | 0.59 | 489 |
2021-01-01 | $209,900 (-0.1%) | $282,659 (1.1%) | 0.63 | 410 |
2021-02-01 | $219,900 (4.8%) | $291,380 (3.9%) | 0.64 | 393 |
2021-03-01 | $225,000 (-4.2%) | $303,975 (2.7%) | 0.64 | 373 |
2021-04-01 | $242,000 (3.8%) | $311,851 (13.5%) | 0.66 | 394 |
2021-05-01 | $249,900 (3.9%) | $318,593 (12.8%) | 0.66 | 486 |
2021-06-01 | $254,225 (3.4%) | $319,808 (12.6%) | 0.67 | 571 |
2021-07-01 | $249,900 (0.0%) | $322,261 (5.0%) | 0.66 | 556 |
2021-08-01 | $246,750 (-0.5%) | $317,383 (5.3%) | 0.66 | 625 |
2021-09-01 | $242,450 (1.0%) | $311,264 (3.8%) | 0.65 | 699 |
2021-10-01 | $239,900 (4.4%) | $312,262 (7.3%) | 0.64 | 665 |
2021-11-01 | $235,000 (11.9%) | $303,600 (6.5%) | 0.63 | 582 |
2021-12-01 | $239,950 (20.0%) | $311,232 (10.5%) | 0.65 | 458 |
2022-01-01 | $229,950 (9.6%) | $316,786 (12.1%) | 0.62 | 337 |
2022-02-01 | $249,950 (13.7%) | $340,955 (17.0%) | 0.65 | 302 |
2022-03-01 | $252,450 (12.2%) | $345,659 (13.7%) | 0.63 | 293 |
2022-04-01 | $244,500 (1.0%) | $343,560 (10.2%) | 0.58 | 361 |
2022-05-01 | $274,200 (9.7%) | $348,687 (9.5%) | 0.63 | 432 |
2022-06-01 | $291,200 (14.5%) | $360,235 (12.6%) | 0.65 | 536 |
2022-07-01 | $298,000 (19.3%) | $367,459 (14.0%) | 0.67 | 572 |
2022-08-01 | $284,925 (15.5%) | $357,084 (12.5%) | 0.66 | 588 |
2022-09-01 | $277,500 (14.5%) | $354,751 (14.0%) | 0.65 | 556 |
2022-10-01 | $284,900 (18.8%) | $358,125 (14.7%) | 0.67 | 557 |
2022-11-01 | $287,450 (22.3%) | $354,963 (16.9%) | 0.69 | 500 |
2022-12-01 | $299,900 (25.0%) | $356,779 (14.6%) | 0.74 | 403 |
2023-01-01 | $315,500 (37.2%) | $357,587 (12.9%) | 0.78 | 343 |
2023-02-01 | $302,425 (21.0%) | $360,462 (5.7%) | 0.73 | 343 |
2023-03-01 | $336,950 (33.5%) | $373,939 (8.2%) | 0.79 | 316 |
2023-04-01 | $350,000 (43.2%) | $390,778 (13.7%) | 0.81 | 335 |
2023-05-01 | $349,925 (27.6%) | $388,975 (11.6%) | 0.79 | 351 |
2023-06-01 | $329,900 (13.3%) | $379,592 (5.4%) | 0.74 | 378 |
2023-07-01 | $349,900 (17.4%) | $384,670 (4.7%) | 0.80 | 407 |
2023-08-01 | $349,950 (22.8%) | $389,311 (9.0%) | 0.80 | 397 |
2023-09-01 | $352,450 (27.0%) | $409,717 (15.5%) | 0.82 | 416 |
2023-10-01 | $347,200 (21.9%) | $404,783 (13.0%) | 0.82 | 423 |
2023-11-01 | $340,975 (18.6%) | $402,043 (13.3%) | 0.81 | 413 |
2023-12-01 | $334,000 (11.4%) | $383,499 (7.5%) | 0.81 | 366 |
2024-01-01 | $335,700 (6.4%) | $377,368 (5.5%) | 0.82 | 322 |
2024-02-01 | $345,950 (14.4%) | $376,873 (4.6%) | 0.83 | 323 |
2024-03-01 | $348,000 (3.3%) | $389,624 (4.2%) | 0.82 | 298 |
2024-04-01 | $342,000 (-2.3%) | $416,635 (6.6%) | 0.80 | 281 |
2024-05-01 | $349,900 (0.0%) | $433,618 (11.5%) | 0.79 | 381 |
2024-06-01 | $349,900 (6.1%) | $422,988 (11.4%) | 0.79 | 429 |
2024-07-01 | $342,450 (-2.1%) | $426,264 (10.8%) | 0.78 | 399 |
2024-08-01 | $339,900 (-2.9%) | $417,792 (7.3%) | 0.79 | 438 |
2024-09-01 | $323,495 (-8.2%) | $400,905 (-2.2%) | 0.76 | 465 |
2024-10-01 | $322,750 (-7.0%) | $397,007 (-1.9%) | 0.76 | 476 |
Racine's median listing price comes in at 76% of the national average.
Racine's average listing price for 2024-10-01 was $397,007, a difference of $-7,776 (-1.9%) versus the prior year and $-3,898 versus the prior month.
For the 2024-10-01 period, Racine had 476 MLS listings, a difference of 11 listings (2%) versus the prior month and 53 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Racine (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 72 days | 1,622 sqft |
2018-02-01 | 68 days | 1,633 sqft |
2018-03-01 | 45 days | 1,642 sqft |
2018-04-01 | 33 days | 1,695 sqft |
2018-05-01 | 36 days | 1,651 sqft |
2018-06-01 | 36 days | 1,669 sqft |
2018-07-01 | 39 days | 1,634 sqft |
2018-08-01 | 38 days | 1,620 sqft |
2018-09-01 | 40 days | 1,660 sqft |
2018-10-01 | 45 days | 1,669 sqft |
2018-11-01 | 49 days | 1,676 sqft |
2018-12-01 | 59 days | 1,632 sqft |
2019-01-01 | 77 days | 1,565 sqft |
2019-02-01 | 72 days | 1,611 sqft |
2019-03-01 | 56 days | 1,645 sqft |
2019-04-01 | 39 days | 1,675 sqft |
2019-05-01 | 39 days | 1,767 sqft |
2019-06-01 | 38 days | 1,736 sqft |
2019-07-01 | 40 days | 1,709 sqft |
2019-08-01 | 44 days | 1,734 sqft |
2019-09-01 | 46 days | 1,736 sqft |
2019-10-01 | 47 days | 1,738 sqft |
2019-11-01 | 52 days | 1,734 sqft |
2019-12-01 | 67 days | 1,719 sqft |
2020-01-01 | 75 days | 1,700 sqft |
2020-02-01 | 66 days | 1,702 sqft |
2020-03-01 | 43 days | 1,746 sqft |
2020-04-01 | 41 days | 1,744 sqft |
2020-05-01 | 46 days | 1,742 sqft |
2020-06-01 | 43 days | 1,730 sqft |
2020-07-01 | 39 days | 1,791 sqft |
2020-08-01 | 36 days | 1,729 sqft |
2020-09-01 | 36 days | 1,685 sqft |
2020-10-01 | 37 days | 1,637 sqft |
2020-11-01 | 40 days | 1,604 sqft |
2020-12-01 | 45 days | 1,596 sqft |
2021-01-01 | 49 days | 1,590 sqft |
2021-02-01 | 40 days | 1,600 sqft |
2021-03-01 | 37 days | 1,618 sqft |
2021-04-01 | 31 days | 1,612 sqft |
2021-05-01 | 23 days | 1,678 sqft |
2021-06-01 | 29 days | 1,717 sqft |
2021-07-01 | 30 days | 1,674 sqft |
2021-08-01 | 30 days | 1,667 sqft |
2021-09-01 | 34 days | 1,666 sqft |
2021-10-01 | 36 days | 1,627 sqft |
2021-11-01 | 43 days | 1,597 sqft |
2021-12-01 | 53 days | 1,608 sqft |
2022-01-01 | 59 days | 1,618 sqft |
2022-02-01 | 43 days | 1,629 sqft |
2022-03-01 | 28 days | 1,665 sqft |
2022-04-01 | 28 days | 1,634 sqft |
2022-05-01 | 25 days | 1,653 sqft |
2022-06-01 | 23 days | 1,667 sqft |
2022-07-01 | 30 days | 1,691 sqft |
2022-08-01 | 34 days | 1,677 sqft |
2022-09-01 | 37 days | 1,675 sqft |
2022-10-01 | 36 days | 1,648 sqft |
2022-11-01 | 43 days | 1,614 sqft |
2022-12-01 | 51 days | 1,590 sqft |
2023-01-01 | 54 days | 1,562 sqft |
2023-02-01 | 43 days | 1,582 sqft |
2023-03-01 | 43 days | 1,615 sqft |
2023-04-01 | 35 days | 1,655 sqft |
2023-05-01 | 33 days | 1,690 sqft |
2023-06-01 | 31 days | 1,688 sqft |
2023-07-01 | 32 days | 1,720 sqft |
2023-08-01 | 35 days | 1,723 sqft |
2023-09-01 | 32 days | 1,692 sqft |
2023-10-01 | 31 days | 1,672 sqft |
2023-11-01 | 35 days | 1,698 sqft |
2023-12-01 | 46 days | 1,626 sqft |
2024-01-01 | 56 days | 1,616 sqft |
2024-02-01 | 44 days | 1,632 sqft |
2024-03-01 | 37 days | 1,622 sqft |
2024-04-01 | 34 days | 1,683 sqft |
2024-05-01 | 26 days | 1,693 sqft |
2024-06-01 | 31 days | 1,690 sqft |
2024-07-01 | 34 days | 1,691 sqft |
2024-08-01 | 31 days | 1,640 sqft |
2024-09-01 | 36 days | 1,647 sqft |
2024-10-01 | 30 days | 1,676 sqft |
Racine's median square footage for active listings during the 2024-10-01 period was 1,676 sqft. One year prior, the average listing was 1,672 sqft.