Rutland VA Loan Rates, Closing Costs & Stats

Rutland, VT

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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.

    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 0.04% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.64% and one month ago for the week of 2024-10-11, the average rate was 6.01%.

    The average rate one year ago was 7.6%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

    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
    2024-03-01 $385,000 (40.0%) $711,967 (65.9%) 0.00 121
    2024-04-01 $385,975 (40.4%) $714,669 (66.9%) 0.00 133
    2024-05-01 $437,450 (56.2%) $742,350 (76.9%) 0.00 139
    2024-06-01 $399,900 (18.9%) $711,161 (55.1%) 0.00 165
    2024-07-01 $437,450 (12.5%) $717,351 (49.1%) 0.00 188
    2024-08-01 $420,000 (6.7%) $703,612 (39.9%) 0.00 209
    2024-09-01 $421,225 (5.3%) $697,088 (22.8%) 0.00 213
    2024-10-01 $428,675 (3.9%) $734,442 (33.7%) 0.00 204
    Rutland's median listing price for 2024-10-01 was $428,675, a difference of $16,200 (3.9%) versus the prior year and $7,450 versus the prior month.

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

    Rutland's average listing price for 2024-10-01 was $734,442, a difference of $185,021 (33.7%) versus the prior year and $37,354 versus the prior month.

    For the 2024-10-01 period, Rutland had 204 MLS listings, a difference of -9 listings (-4%) versus the prior month and 72 listings (55%) 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
    2024-03-01 0 days 1,828 sqft
    2024-04-01 0 days 1,692 sqft
    2024-05-01 0 days 1,612 sqft
    2024-06-01 0 days 1,742 sqft
    2024-07-01 0 days 1,814 sqft
    2024-08-01 0 days 1,963 sqft
    2024-09-01 0 days 1,842 sqft
    2024-10-01 0 days 1,932 sqft
    Rutland's median listing age (time on market) for 2024-10-01 was 0 days.

    Rutland's median square footage for active listings during the 2024-10-01 period was 1,932 sqft. One year prior, the average listing was 1,972 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.