Racine VA Loan Rates, Closing Costs & Stats

RACINE, WI

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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.

    Racine's 62 lenders originated 265 VA loans during 2024. The total origination value was $83,385,000, with an average VA loan value of $314,660.

    Racine VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Racine averaged 0.4% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Racine's average VA mortgage closing costs are $5,389.

    The average rate for the prior week (2025-06-27) was 6.63% and one month ago for the week of 2025-05-30, the average rate was 6.96%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.31%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 61 6.38% $5,747
    UNITED WHOLESALE MORTGAGE, LLC 24 6.04% $9,505
    FREEDOM MORTGAGE CORPORATION 19 6.12% $8,579
    Bank Five Nine 11 6.26% $7,080
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.28% $7,352
    QUICKEN LOANS, LLC 8 6.09% $9,687
    GUARANTEED RATE, INC. 7 6.21% $2,180
    NAVY FEDERAL CREDIT UNION 7 5.82% $4,673
    VILLAGE CAPITAL MORTGAGE 6 5.92% $3,228
    PENNYMAC LOAN SERVICES, LLC 6 5.71% $6,945
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.52% $7,087
    NEW DAY FINANCIAL, LLC 6 7.04% $7,566
    A + MORTGAGE SERVICES, INC. 5 6.02% $8,370
    LOANDEPOT.COM, LLC 5 5.94% $6,300
    PLANET HOME LENDING, LLC 5 5.17% $4,974
    Associated Bank 4 6.31% $2,963
    Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $8,235
    USAA Federal Savings Bank 3 6.00% $7,400
    Barrington Bank & Trust Company, N.A. 3 6.33% $4,513
    FIRST COLONY MORTGAGE CORPORATION 3 6.38% $12,335
    CROSSCOUNTRY MORTGAGE, LLC 3 6.67% $1,974
    GSF Mortgage Corporation 2 6.19% $2,296
    BROKER SOLUTIONS, INC. 2 7.25% $9,953
    NEWREZ LLC 2 5.75% $4,952
    LAKEVIEW LOAN SERVICING, LLC 2 5.75% $6,993
    EDUCATORS CREDIT UNION 2 6.25% $6,645
    Flagstar Bank, FSB 2 6.50% $3,379
    WISCONSIN MORTGAGE CORPORATION 2 6.19% $3,473
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.12% $6,533
    CMG MORTGAGE, INC. 2 6.50% $7,658
    SUN WEST MORTGAGE COMPANY, INC. 2 6.87% $5,174
    Paramount Residential Mortgage Group, Inc. 2 6.81% $9,504
    The Federal Savings Bank 2 6.44% $14,395
    Carrington Mortgage Services, LLC 2 6.25% $8,914
    Nations Lending Corporation 1 6.13% $3,111
    BOND STREET MORTGAGE, LLC 1 6.49% $1,464
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $11,381
    CLEARPATH LENDING 1 6.50% $14,931
    DHI MORTGAGE COMPANY, LTD. 1 4.99% $9,580
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.00% $4,854
    First Community Bank 1 7.25% $1,709
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $0
    First Federal Bank 1 6.00% $1,685
    GATEWAY MORTGAGE CORPORATION 1 7.00% $2,460
    GUARANTEED RATE AFFINITY, LLC 1 6.15% $9,882
    GUILD MORTGAGE COMPANY 1 6.13% $2,821
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $2,634
    Magnolia Bank 1 5.25% $15,535
    MORTGAGE CENTER L.C 1 6.50% $8,866
    MOVEMENT MORTGAGE, LLC 1 5.75% $1,350
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,920
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $6,402
    NATIONS RELIABLE LENDING, LLC 1 7.13% $6,455
    NBKC BANK 1 6.50% $8,834
    North Shore Bank FSB 1 6.63% $5,745
    Old National Bank 1 5.88% $6,762
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $7,031
    Texana Bank 1 6.13% $794
    The Huntington National Bank 1 5.75% $1,465
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 6.25% $2,191
    UNION HOME MORTGAGE CORP. 1 6.50% $3,324
    VERITAS FUNDING, LLC 1 6.25% $10,751

    The top Racine VA lender as defined by loan originations is Mortgage Research Center, LLC, with 61 VA loans originated. Their average total fees are $5,747, which is $3,758 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Racine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,747), Bank Five Nine ($7,080), FREEDOM MORTGAGE CORPORATION ($8,579), UNITED WHOLESALE MORTGAGE, LLC ($9,505) and .

    The lowest rate Racine VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.04%), FREEDOM MORTGAGE CORPORATION (6.12%), Bank Five Nine (6.26%), Mortgage Research Center, LLC (6.38%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Racine (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 $179,950 (9.1%) $233,028 (5.4%) 0.67 545
    2018-02-01 $190,950 (15.4%) $236,103 (6.9%) 0.69 528
    2018-03-01 $199,900 (10.2%) $246,275 (8.2%) 0.70 551
    2018-04-01 $217,950 (11.8%) $253,853 (9.7%) 0.74 581
    2018-05-01 $229,425 (14.7%) $259,651 (8.1%) 0.77 630
    2018-06-01 $239,900 (20.0%) $269,026 (11.0%) 0.80 666
    2018-07-01 $235,500 (17.8%) $266,805 (9.5%) 0.79 697
    2018-08-01 $226,000 (13.3%) $265,106 (8.4%) 0.76 766
    2018-09-01 $229,900 (10.0%) $267,440 (8.9%) 0.77 794
    2018-10-01 $225,450 (18.7%) $265,683 (9.1%) 0.76 796
    2018-11-01 $222,400 (18.6%) $266,792 (11.6%) 0.75 753
    2018-12-01 $210,000 (16.7%) $258,952 (11.7%) 0.72 669
    2019-01-01 $199,950 (11.1%) $257,494 (10.5%) 0.69 587
    2019-02-01 $228,450 (19.6%) $277,973 (17.7%) 0.77 552
    2019-03-01 $228,243 (14.2%) $280,813 (14.0%) 0.75 598
    2019-04-01 $244,900 (12.4%) $297,620 (17.2%) 0.78 661
    2019-05-01 $253,975 (10.7%) $308,297 (18.7%) 0.79 707
    2019-06-01 $238,750 (-0.5%) $293,890 (9.2%) 0.75 759
    2019-07-01 $229,950 (-2.4%) $290,090 (8.7%) 0.72 806
    2019-08-01 $229,655 (1.6%) $288,245 (8.7%) 0.73 823
    2019-09-01 $229,286 (-0.3%) $287,268 (7.4%) 0.73 822
    2019-10-01 $226,950 (0.7%) $286,104 (7.7%) 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 (-7.7%) 0.73 623
    2020-05-01 $240,450 (-5.3%) $282,504 (-8.4%) 0.73 632
    2020-06-01 $245,975 (3.0%) $284,125 (-3.3%) 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%) $427,819 (10.0%) 0.80 381
    2024-06-01 $348,125 (5.5%) $419,976 (10.6%) 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
    2024-11-01 $329,450 (-3.4%) $395,659 (-1.6%) 0.79 445
    2024-12-01 $334,173 (0.1%) $393,150 (2.5%) 0.83 351
    2025-01-01 $334,900 (-0.2%) $392,038 (3.9%) 0.84 312
    2025-02-01 $339,945 (-1.7%) $393,601 (4.4%) 0.83 334
    2025-03-01 $359,900 (3.4%) $417,540 (7.2%) 0.85 348
    2025-04-01 $348,498 (1.9%) $423,539 (1.7%) 0.81 390
    2025-05-01 $379,000 (8.3%) $438,933 (2.6%) 0.86 398
    Racine's median listing price for 2025-05-01 was $379,000, a difference of $29,100 (8.3%) versus the prior year and $30,502 versus the prior month.

    Racine's median listing price comes in at 86% of the national average.

    Racine's average listing price for 2025-05-01 was $438,933, a difference of $11,114 (2.6%) versus the prior year and $15,394 versus the prior month.

    For the 2025-05-01 period, Racine had 398 MLS listings, a difference of 8 listings (2%) versus the prior month and 17 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Racine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 72 days 1,620 sqft
    2018-02-01 68 days 1,632 sqft
    2018-03-01 45 days 1,635 sqft
    2018-04-01 34 days 1,696 sqft
    2018-05-01 36 days 1,646 sqft
    2018-06-01 36 days 1,662 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 1,672 sqft
    2018-11-01 49 days 1,676 sqft
    2018-12-01 59 days 1,637 sqft
    2019-01-01 77 days 1,567 sqft
    2019-02-01 72 days 1,601 sqft
    2019-03-01 56 days 1,635 sqft
    2019-04-01 39 days 1,682 sqft
    2019-05-01 39 days 1,758 sqft
    2019-06-01 38 days 1,737 sqft
    2019-07-01 40 days 1,714 sqft
    2019-08-01 44 days 1,726 sqft
    2019-09-01 46 days 1,732 sqft
    2019-10-01 47 days 1,738 sqft
    2019-11-01 52 days 1,729 sqft
    2019-12-01 67 days 1,719 sqft
    2020-01-01 75 days 1,700 sqft
    2020-02-01 66 days 1,700 sqft
    2020-03-01 43 days 1,740 sqft
    2020-04-01 41 days 1,737 sqft
    2020-05-01 46 days 1,742 sqft
    2020-06-01 43 days 1,724 sqft
    2020-07-01 39 days 1,786 sqft
    2020-08-01 36 days 1,730 sqft
    2020-09-01 36 days 1,678 sqft
    2020-10-01 37 days 1,639 sqft
    2020-11-01 40 days 1,604 sqft
    2020-12-01 45 days 1,595 sqft
    2021-01-01 49 days 1,592 sqft
    2021-02-01 40 days 1,600 sqft
    2021-03-01 37 days 1,619 sqft
    2021-04-01 31 days 1,610 sqft
    2021-05-01 23 days 1,677 sqft
    2021-06-01 29 days 1,715 sqft
    2021-07-01 30 days 1,680 sqft
    2021-08-01 30 days 1,667 sqft
    2021-09-01 34 days 1,667 sqft
    2021-10-01 36 days 1,630 sqft
    2021-11-01 43 days 1,595 sqft
    2021-12-01 53 days 1,610 sqft
    2022-01-01 59 days 1,604 sqft
    2022-02-01 43 days 1,627 sqft
    2022-03-01 28 days 1,653 sqft
    2022-04-01 28 days 1,636 sqft
    2022-05-01 25 days 1,645 sqft
    2022-06-01 23 days 1,661 sqft
    2022-07-01 30 days 1,691 sqft
    2022-08-01 34 days 1,678 sqft
    2022-09-01 37 days 1,646 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 28 days 1,692 sqft
    2024-06-01 33 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
    2024-11-01 38 days 1,640 sqft
    2024-12-01 47 days 1,599 sqft
    2025-01-01 52 days 1,545 sqft
    2025-02-01 38 days 1,548 sqft
    2025-03-01 32 days 1,583 sqft
    2025-04-01 32 days 1,620 sqft
    2025-05-01 30 days 1,680 sqft
    Racine's median listing age (time on market) for 2025-05-01 was 30 days. This is 9% longer than the same period one year ago.

    Racine's median square footage for active listings during the 2025-05-01 period was 1,680 sqft. One year prior, the average listing was 1,692 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.