Rutland VA Loan Rates, Closing Costs & Stats

Rutland, VT

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.

Rutland's 16 lenders originated 50 VA loans during 2023. The total origination value was $13,770,000, with an average VA loan value of $275,400.

Rutland VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Rutland averaged 6.98% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Rutland's average VA mortgage closing costs are $5,265.

The average rate for the prior week (2024-03-15) was 6.49% and one month ago for the week of 2024-02-16, the average rate was 6.71%.

The average rate one year ago was 6.25%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.64%.

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

Rutland 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 Rutland level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 16 6.98% $5,832
QUICKEN LOANS, LLC 6 6.08% $10,279
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.19% $7,775
USAA Federal Savings Bank 3 5.71% $16,635
American Mortgage & Equity Consultants, Inc. 3 7.50% $11,825
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.75% $7,503
ACADEMY MORTGAGE CORPORATION 2 7.25% $8,783
Barrington Bank & Trust Company, N.A. 2 6.13% $12,471
Wells Fargo Bank 1 7.00% $0
CMG MORTGAGE, INC. 1 7.63% $11,929
Flagstar Bank, FSB 1 6.62% $1,775
LOANDEPOT.COM, LLC 1 5.63% $6,966
PENNYMAC LOAN SERVICES, LLC 1 5.00% $16,126
The Central Trust Bank 1 5.63% $11,701
TOTAL MORTGAGE SERVICES, LLC 1 6.75% $4,641
UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $6,365

The top Rutland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $5,832, which is $4,447 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Rutland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,832), .

The lowest rate Rutland VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.98%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Rutland (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 $199,900 (5.3%) $305,728 (6.6%) 0.00 551
2018-02-01 $199,900 (2.1%) $300,652 (4.1%) 0.00 535
2018-03-01 $200,000 (2.9%) $305,341 (6.1%) 0.00 521
2018-04-01 $201,475 (2.8%) $304,414 (5.5%) 0.00 534
2018-05-01 $203,500 (4.4%) $298,716 (1.4%) 0.00 555
2018-06-01 $199,000 (0.0%) $289,177 (-3.5%) 0.00 608
2018-07-01 $214,975 (7.5%) $299,200 (-1.7%) 0.00 641
2018-08-01 $224,975 (13.1%) $304,952 (2.5%) 0.00 656
2018-09-01 $229,000 (14.7%) $303,646 (-0.9%) 0.00 637
2018-10-01 $229,000 (6.5%) $309,873 (-1.5%) 0.00 622
2018-11-01 $229,125 (14.6%) $315,100 (2.8%) 0.00 590
2018-12-01 $230,000 (15.3%) $336,585 (12.1%) 0.00 545
2019-01-01 $230,975 (15.6%) $346,453 (13.3%) 0.00 506
2019-02-01 $238,125 (19.1%) $347,407 (15.6%) 0.00 507
2019-03-01 $238,857 (19.4%) $344,632 (12.9%) 0.00 509
2019-04-01 $238,607 (18.4%) $338,980 (11.4%) 0.00 515
2019-05-01 $235,000 (15.5%) $333,286 (11.6%) 0.00 541
2019-06-01 $235,000 (18.1%) $329,697 (14.0%) 0.00 587
2019-07-01 $235,000 (9.3%) $338,106 (13.0%) 0.00 596
2019-08-01 $235,000 (4.5%) $341,258 (11.9%) 0.00 592
2019-09-01 $235,000 (2.6%) $341,154 (12.4%) 0.00 588
2019-10-01 $237,000 (3.5%) $347,638 (12.2%) 0.00 575
2019-11-01 $242,000 (5.6%) $364,196 (15.6%) 0.00 508
2019-12-01 $236,000 (2.6%) $364,589 (8.3%) 0.00 469
2020-01-01 $226,750 (-1.8%) $364,903 (5.3%) 0.00 435
2020-02-01 $239,000 (0.4%) $368,502 (6.1%) 0.00 408
2020-03-01 $239,000 (0.1%) $367,848 (6.7%) 0.00 398
2020-04-01 $244,000 (2.3%) $373,308 (10.1%) 0.00 360
2020-05-01 $249,000 (6.0%) $380,441 (14.2%) 0.00 355
2020-06-01 $255,625 (8.8%) $388,593 (17.9%) 0.00 351
2020-07-01 $255,125 (8.6%) $384,890 (13.8%) 0.00 336
2020-08-01 $249,999 (6.4%) $393,330 (15.3%) 0.00 328
2020-09-01 $245,000 (4.3%) $399,173 (17.0%) 0.00 302
2020-10-01 $249,000 (5.1%) $408,077 (17.4%) 0.00 305
2020-11-01 $259,900 (7.4%) $416,072 (14.2%) 0.00 262
2020-12-01 $249,000 (5.5%) $434,150 (19.1%) 0.00 237
2021-01-01 $259,900 (14.6%) $470,630 (29.0%) 0.00 199
2021-02-01 $279,250 (16.8%) $477,333 (29.5%) 0.00 161
2021-03-01 $288,325 (20.6%) $477,605 (29.8%) 0.00 144
2021-04-01 $290,625 (19.1%) $512,153 (37.2%) 0.00 144
2021-05-01 $299,900 (20.4%) $527,693 (38.7%) 0.00 156
2021-06-01 $299,225 (17.1%) $519,176 (33.6%) 0.00 168
2021-07-01 $299,900 (17.6%) $525,879 (36.6%) 0.00 176
2021-08-01 $324,750 (29.9%) $560,765 (42.6%) 0.00 170
2021-09-01 $371,000 (51.4%) $568,141 (42.3%) 0.00 170
2021-10-01 $374,000 (50.2%) $572,742 (40.4%) 0.00 147
2021-11-01 $448,000 (72.4%) $601,144 (44.5%) 0.00 128
2021-12-01 $404,250 (62.4%) $640,713 (47.6%) 0.00 123
2022-01-01 $365,000 (40.4%) $621,406 (32.0%) 0.00 109
2022-02-01 $327,500 (17.3%) $599,213 (25.5%) 0.00 106
2022-03-01 $326,000 (13.1%) $577,566 (20.9%) 0.00 116
2022-04-01 $335,000 (15.3%) $572,050 (11.7%) 0.00 137
2022-05-01 $337,250 (12.5%) $578,658 (9.7%) 0.00 152
2022-06-01 $342,250 (14.4%) $568,072 (9.4%) 0.00 172
2022-07-01 $350,000 (16.7%) $567,089 (7.8%) 0.00 198
2022-08-01 $354,950 (9.3%) $566,367 (1.0%) 0.00 170
2022-09-01 $362,425 (-2.3%) $551,501 (-2.9%) 0.00 166
2022-10-01 $319,000 (-14.7%) $538,926 (-5.9%) 0.00 164
2022-11-01 $309,950 (-30.8%) $581,025 (-3.4%) 0.00 156
2022-12-01 $299,000 (-26.0%) $427,740 (-33.2%) 0.00 125
2023-01-01 $274,925 (-24.7%) $414,967 (-33.2%) 0.00 113
2023-02-01 $260,350 (-20.5%) $429,358 (-28.4%) 0.00 113
2023-03-01 $275,000 (-15.6%) $429,225 (-25.7%) 0.00 107
2023-04-01 $275,000 (-17.9%) $428,266 (-25.1%) 0.00 99
2023-05-01 $280,000 (-17.0%) $419,751 (-27.5%) 0.00 96
2023-06-01 $336,375 (-1.7%) $458,483 (-19.3%) 0.00 106
2023-07-01 $389,000 (11.1%) $481,212 (-15.1%) 0.00 106
2023-08-01 $393,725 (10.9%) $503,014 (-11.2%) 0.00 113
2023-09-01 $400,000 (10.4%) $567,781 (3.0%) 0.00 133
2023-10-01 $412,475 (29.3%) $549,421 (2.0%) 0.00 132
2023-11-01 $396,000 (27.8%) $554,050 (-4.6%) 0.00 124
2023-12-01 $399,900 (33.8%) $546,807 (27.8%) 0.00 109
2024-01-01 $396,475 (44.2%) $538,475 (29.8%) 0.00 104
2024-02-01 $401,475 (54.2%) $559,505 (30.3%) 0.00 107
Rutland's median listing price for 2024-02-01 was $401,475, a difference of $141,125 (54.2%) versus the prior year and $5,000 versus the prior month.

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

Rutland's average listing price for 2024-02-01 was $559,505, a difference of $130,147 (30.3%) versus the prior year and $21,030 versus the prior month.

For the 2024-02-01 period, Rutland had 107 MLS listings, a difference of 3 listings (3%) versus the prior month and -6 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Rutland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,880 sqft
2018-02-01 0 days 1,858 sqft
2018-03-01 0 days 1,867 sqft
2018-04-01 0 days 1,878 sqft
2018-05-01 0 days 1,881 sqft
2018-06-01 0 days 1,879 sqft
2018-07-01 0 days 1,933 sqft
2018-08-01 0 days 1,983 sqft
2018-09-01 0 days 2,000 sqft
2018-10-01 0 days 2,000 sqft
2018-11-01 0 days 1,996 sqft
2018-12-01 0 days 2,000 sqft
2019-01-01 0 days 2,040 sqft
2019-02-01 0 days 2,004 sqft
2019-03-01 0 days 1,994 sqft
2019-04-01 0 days 1,979 sqft
2019-05-01 0 days 1,978 sqft
2019-06-01 0 days 1,920 sqft
2019-07-01 0 days 1,911 sqft
2019-08-01 0 days 1,919 sqft
2019-09-01 0 days 1,917 sqft
2019-10-01 0 days 1,922 sqft
2019-11-01 0 days 1,960 sqft
2019-12-01 0 days 1,941 sqft
2020-01-01 0 days 1,896 sqft
2020-02-01 0 days 1,944 sqft
2020-03-01 0 days 1,942 sqft
2020-04-01 0 days 1,946 sqft
2020-05-01 0 days 1,921 sqft
2020-06-01 0 days 2,022 sqft
2020-07-01 0 days 2,143 sqft
2020-08-01 0 days 2,128 sqft
2020-09-01 0 days 1,959 sqft
2020-10-01 0 days 1,969 sqft
2020-11-01 0 days 2,073 sqft
2020-12-01 0 days 2,106 sqft
2021-01-01 0 days 2,194 sqft
2021-02-01 0 days 2,146 sqft
2021-03-01 0 days 2,198 sqft
2021-04-01 0 days 2,167 sqft
2021-05-01 0 days 2,066 sqft
2021-06-01 0 days 1,875 sqft
2021-07-01 0 days 1,805 sqft
2021-08-01 0 days 2,002 sqft
2021-09-01 0 days 2,086 sqft
2021-10-01 0 days 2,194 sqft
2021-11-01 0 days 2,194 sqft
2021-12-01 0 days 2,194 sqft
2022-01-01 0 days 2,194 sqft
2022-02-01 0 days 2,030 sqft
2022-03-01 0 days 1,912 sqft
2022-04-01 0 days 1,824 sqft
2022-05-01 0 days 1,817 sqft
2022-06-01 0 days 1,915 sqft
2022-07-01 0 days 1,920 sqft
2022-08-01 0 days 1,958 sqft
2022-09-01 0 days 2,004 sqft
2022-10-01 0 days 1,916 sqft
2022-11-01 0 days 1,994 sqft
2022-12-01 0 days 1,930 sqft
2023-01-01 0 days 1,809 sqft
2023-02-01 0 days 1,610 sqft
2023-03-01 0 days 1,760 sqft
2023-04-01 0 days 1,872 sqft
2023-05-01 0 days 1,632 sqft
2023-06-01 0 days 1,768 sqft
2023-07-01 0 days 1,800 sqft
2023-08-01 0 days 1,790 sqft
2023-09-01 0 days 1,811 sqft
2023-10-01 0 days 1,972 sqft
2023-11-01 0 days 1,881 sqft
2023-12-01 0 days 1,929 sqft
2024-01-01 0 days 1,972 sqft
2024-02-01 0 days 1,937 sqft
Rutland's median listing age (time on market) for 2024-02-01 was 0 days.

Rutland's median square footage for active listings during the 2024-02-01 period was 1,937 sqft. One year prior, the average listing was 1,610 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.