Riverton VA Loan Rates, Closing Costs & Stats

Riverton, WY

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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.

    Riverton's 23 lenders originated 45 VA loans during 2023. The total origination value was $12,735,000, with an average VA loan value of $283,000.

    Riverton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Riverton averaged 6.6% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Riverton's average VA mortgage closing costs are $5,451.

    The average rate for the prior week (2024-11-01) was 6.35% and one month ago for the week of 2024-10-04, the average rate was 5.68%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.44%.

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

    Riverton 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 Riverton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.71% $5,274
    QUICKEN LOANS, LLC 3 6.08% $16,431
    USAA Federal Savings Bank 3 6.29% $4,519
    Wallick & Volk, Inc. 2 7.44% $8,431
    Magnolia Bank 2 6.00% $11,456
    PENNYMAC LOAN SERVICES, LLC 2 6.56% $11,834
    The Federal Savings Bank 2 6.63% $7,350
    UNITED WHOLESALE MORTGAGE, LLC 2 6.39% $8,588
    GUILD MORTGAGE COMPANY 1 6.00% $3,380
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.13% $6,453
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $15,666
    NEW DAY FINANCIAL, LLC 1 8.49% $20,792
    PENTAGON FEDERAL CREDIT UNION 1 6.88% $7,773
    VERITAS FUNDING, LLC 1 5.25% $25,094
    Barrington Bank & Trust Company, N.A. 1 5.75% $2,969
    Wells Fargo Bank 1 5.63% $2,940
    BROKER SOLUTIONS, INC. 1 5.25% $19,125
    CENTENNIAL LENDING, LLC 1 6.25% $7,298
    CRESCENT MORTGAGE COMPANY 1 7.00% $4,644
    Equity Prime Mortgage LLC 1 7.25% $7,411
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $7,357
    Gateway First Bank 1 6.75% $3,258
    GUARANTEED RATE, INC. 1 6.18% $7,185

    The top Riverton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $5,274, which is $11,157 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Riverton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,274), .

    The lowest rate Riverton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.71%), .

    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.