Saginaw VA Loan Rates, Closing Costs & Stats

SAGINAW, MI

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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.

    Saginaw's 38 lenders originated 150 VA loans during 2023. The total origination value was $30,640,000, with an average VA loan value of $204,267.

    Saginaw VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Saginaw averaged 7.1% for the week of 2025-01-17, compared to the national average (all VA variants) of 6.543% for the same period.

    Saginaw's average VA mortgage closing costs are $4,291.

    The average rate for the prior week (2025-01-10) was 7.06% and one month ago for the week of 2024-12-13, the average rate was 6.47%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-01-17, the average rate was 7.37%.

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

    Saginaw 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 Saginaw level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 51 6.98% $3,774
    QUICKEN LOANS, LLC 10 6.38% $6,828
    UNITED WHOLESALE MORTGAGE, LLC 8 6.42% $6,101
    NAVY FEDERAL CREDIT UNION 7 5.93% $2,245
    FIRST COMMUNITY MORTGAGE, INC. 6 6.71% $5,829
    PENNYMAC LOAN SERVICES, LLC 5 5.40% $3,408
    J. VIRGIL, INC. 5 6.60% $5,614
    The Huntington National Bank 4 7.09% $1,776
    NEW DAY FINANCIAL, LLC 4 7.37% $11,212
    USAA Federal Savings Bank 4 6.38% $4,010
    JPMorgan Chase Bank 3 6.33% $2,770
    LAKE MICHIGAN CREDIT UNION 3 6.38% $4,805
    UNION HOME MORTGAGE CORP. 3 6.58% $9,546
    Barrington Bank & Trust Company, N.A. 3 6.08% $5,322
    ROSS MORTGAGE CORPORATION 2 6.94% $5,301
    ROYAL UNITED MORTGAGE LLC 2 6.63% $17,164
    Independent Bank 2 6.94% $3,645
    Sunflower Bank 1 7.50% $8,555
    TOWNE MORTGAGE COMPANY 1 7.25% $2,884
    VILLAGE CAPITAL MORTGAGE 1 6.25% $3,595
    ACADEMY MORTGAGE CORPORATION 1 7.25% $14,981
    Wells Fargo Bank 1 5.38% $18,272
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.50% $9,173
    CALIBER HOME LOANS, INC. 1 5.75% $6,587
    Fifth Third Bank 1 6.38% $1,622
    FREEDOM MORTGAGE CORPORATION 1 6.25% $2,335
    GENEVA FINANCIAL, LLC 1 7.13% $1,677
    LEGEND LENDING CORPORATION 1 6.00% $11,550
    Magnolia Bank 1 6.13% $7,912
    MEMBER FIRST MORTGAGE, LLC 1 7.25% $7,329
    MICHIGAN MUTUAL, INC. 1 5.13% $14,372
    Mid-Continent Funding, Inc. 1 6.75% $4,807
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $13,867
    Plains Commerce Bank 1 5.50% $6,263
    PNC Bank 1 7.75% $1,918
    Preston Home Loans Inc 1 6.63% $9,667
    STAUNTON FINANCIAL, INC. 1 7.25% $11,845
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $6,661

    The top Saginaw VA lender as defined by loan originations is Mortgage Research Center, LLC, with 51 VA loans originated. Their average total fees are $3,774, which is $3,054 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Saginaw VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,774), QUICKEN LOANS, LLC ($6,828), .

    The lowest rate Saginaw VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.38%), Mortgage Research Center, LLC (6.98%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Saginaw (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 $89,450 (-6.4%) $128,689 (-0.3%) 0.33 562
    2018-02-01 $86,481 (-10.3%) $129,229 (0.8%) 0.31 542
    2018-03-01 $87,125 (-3.2%) $131,117 (1.6%) 0.31 516
    2018-04-01 $98,900 (8.4%) $136,482 (3.8%) 0.34 491
    2018-05-01 $107,425 (4.9%) $148,642 (7.4%) 0.36 477
    2018-06-01 $112,450 (6.4%) $153,196 (10.0%) 0.38 514
    2018-07-01 $117,075 (6.5%) $154,973 (12.5%) 0.39 539
    2018-08-01 $114,900 (4.5%) $150,892 (8.8%) 0.38 570
    2018-09-01 $119,900 (9.1%) $156,322 (10.5%) 0.40 601
    2018-10-01 $123,125 (21.9%) $156,617 (13.8%) 0.42 590
    2018-11-01 $122,250 (23.2%) $153,680 (13.6%) 0.41 567
    2018-12-01 $119,900 (27.2%) $151,128 (14.8%) 0.41 540
    2019-01-01 $116,125 (29.8%) $147,294 (14.5%) 0.40 480
    2019-02-01 $119,900 (38.6%) $149,555 (15.7%) 0.41 425
    2019-03-01 $122,900 (41.1%) $157,765 (20.3%) 0.40 382
    2019-04-01 $128,400 (29.8%) $164,605 (20.6%) 0.41 358
    2019-05-01 $132,113 (23.0%) $173,453 (16.7%) 0.41 394
    2019-06-01 $129,900 (15.5%) $165,738 (8.2%) 0.41 460
    2019-07-01 $129,250 (10.4%) $172,181 (11.1%) 0.40 477
    2019-08-01 $127,882 (11.3%) $170,431 (13.0%) 0.41 511
    2019-09-01 $126,205 (5.3%) $165,642 (6.0%) 0.40 526
    2019-10-01 $125,086 (1.6%) $162,502 (3.8%) 0.40 535
    2019-11-01 $119,950 (-1.9%) $156,573 (1.9%) 0.39 522
    2019-12-01 $119,900 (0.0%) $154,498 (2.2%) 0.40 459
    2020-01-01 $116,749 (0.5%) $150,676 (2.3%) 0.39 403
    2020-02-01 $107,700 (-10.2%) $145,034 (-3.0%) 0.35 368
    2020-03-01 $109,400 (-11.0%) $152,429 (-3.4%) 0.34 306
    2020-04-01 $119,900 (-6.6%) $156,642 (-4.8%) 0.38 290
    2020-05-01 $124,900 (-5.5%) $166,473 (-4.0%) 0.38 262
    2020-06-01 $130,425 (0.4%) $182,082 (9.9%) 0.38 212
    2020-07-01 $129,650 (0.3%) $184,224 (7.0%) 0.38 204
    2020-08-01 $139,900 (9.4%) $195,366 (14.6%) 0.40 215
    2020-09-01 $131,650 (4.3%) $196,092 (18.4%) 0.38 249
    2020-10-01 $130,900 (4.7%) $205,458 (26.4%) 0.38 262
    2020-11-01 $132,400 (10.4%) $187,504 (19.8%) 0.39 240
    2020-12-01 $124,400 (3.8%) $178,749 (15.7%) 0.37 211
    2021-01-01 $102,400 (-12.3%) $171,314 (13.7%) 0.31 162
    2021-02-01 $113,600 (5.5%) $188,343 (29.9%) 0.33 140
    2021-03-01 $105,250 (-3.8%) $173,697 (14.0%) 0.30 125
    2021-04-01 $112,300 (-6.3%) $187,637 (19.8%) 0.30 114
    2021-05-01 $137,450 (10.1%) $214,484 (28.8%) 0.37 135
    2021-06-01 $137,150 (5.2%) $202,650 (11.3%) 0.36 191
    2021-07-01 $139,900 (7.9%) $196,172 (6.5%) 0.37 231
    2021-08-01 $141,900 (1.4%) $193,145 (-1.1%) 0.38 282
    2021-09-01 $117,500 (-10.8%) $174,610 (-11.0%) 0.31 298
    2021-10-01 $119,900 (-8.4%) $181,138 (-11.8%) 0.32 303
    2021-11-01 $122,400 (-7.6%) $179,884 (-4.1%) 0.33 312
    2021-12-01 $114,800 (-7.7%) $177,845 (-0.5%) 0.31 281
    2022-01-01 $99,900 (-2.4%) $170,594 (-0.4%) 0.27 220
    2022-02-01 $105,325 (-7.3%) $181,830 (-3.5%) 0.27 194
    2022-03-01 $116,200 (10.4%) $187,473 (7.9%) 0.29 182
    2022-04-01 $146,400 (30.4%) $210,864 (12.4%) 0.35 166
    2022-05-01 $145,925 (6.2%) $198,236 (-7.6%) 0.33 178
    2022-06-01 $148,650 (8.4%) $207,046 (2.2%) 0.33 216
    2022-07-01 $166,500 (19.0%) $227,832 (16.1%) 0.38 256
    2022-08-01 $159,675 (12.5%) $216,297 (12.0%) 0.37 321
    2022-09-01 $155,000 (31.9%) $206,203 (18.1%) 0.36 318
    2022-10-01 $159,900 (33.4%) $207,741 (14.7%) 0.38 309
    2022-11-01 $139,900 (14.3%) $198,285 (10.2%) 0.34 313
    2022-12-01 $149,900 (30.6%) $202,487 (13.9%) 0.37 266
    2023-01-01 $147,400 (47.6%) $201,289 (18.0%) 0.37 235
    2023-02-01 $131,225 (24.6%) $202,041 (11.1%) 0.32 209
    2023-03-01 $127,400 (9.6%) $207,008 (10.4%) 0.30 190
    2023-04-01 $149,000 (1.8%) $219,364 (4.0%) 0.35 185
    2023-05-01 $143,250 (-1.8%) $214,033 (8.0%) 0.32 197
    2023-06-01 $139,900 (-5.9%) $219,719 (6.1%) 0.31 211
    2023-07-01 $129,900 (-22.0%) $226,310 (-0.7%) 0.30 267
    2023-08-01 $147,000 (-7.9%) $216,738 (0.2%) 0.34 316
    2023-09-01 $149,900 (-3.3%) $214,330 (3.9%) 0.35 340
    2023-10-01 $149,900 (-6.3%) $218,701 (5.3%) 0.35 334
    2023-11-01 $152,450 (9.0%) $213,994 (7.9%) 0.36 375
    2023-12-01 $159,900 (6.7%) $211,058 (4.2%) 0.39 347
    2024-01-01 $159,900 (8.5%) $205,227 (2.0%) 0.39 311
    2024-02-01 $154,950 (18.1%) $202,724 (0.3%) 0.37 286
    2024-03-01 $159,950 (25.6%) $214,235 (3.5%) 0.38 253
    2024-04-01 $174,925 (17.4%) $230,392 (5.0%) 0.41 223
    2024-05-01 $182,450 (27.4%) $244,460 (14.2%) 0.41 251
    2024-06-01 $217,500 (55.5%) $264,347 (20.3%) 0.49 285
    2024-07-01 $213,450 (64.3%) $266,481 (17.8%) 0.49 285
    2024-08-01 $214,950 (46.2%) $267,443 (23.4%) 0.50 311
    2024-09-01 $207,700 (38.6%) $276,855 (29.2%) 0.49 349
    2024-10-01 $196,975 (31.4%) $260,038 (18.9%) 0.46 356
    2024-11-01 $179,950 (18.0%) $234,011 (9.4%) 0.43 379
    2024-12-01 $175,000 (9.4%) $230,349 (9.1%) 0.43 351
    Saginaw's median listing price for 2024-12-01 was $175,000, a difference of $15,100 (9.4%) versus the prior year and $-4,950 versus the prior month.

    Saginaw's median listing price comes in at 43% of the national average.

    Saginaw's average listing price for 2024-12-01 was $230,349, a difference of $19,291 (9.1%) versus the prior year and $-3,662 versus the prior month.

    For the 2024-12-01 period, Saginaw had 351 MLS listings, a difference of -28 listings (-7%) versus the prior month and 4 listings (1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Saginaw (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,453 sqft
    2018-02-01 81 days 1,433 sqft
    2018-03-01 68 days 1,449 sqft
    2018-04-01 64 days 1,460 sqft
    2018-05-01 49 days 1,482 sqft
    2018-06-01 45 days 1,512 sqft
    2018-07-01 48 days 1,539 sqft
    2018-08-01 45 days 1,508 sqft
    2018-09-01 51 days 1,466 sqft
    2018-10-01 51 days 1,536 sqft
    2018-11-01 59 days 1,532 sqft
    2018-12-01 73 days 1,520 sqft
    2019-01-01 80 days 1,479 sqft
    2019-02-01 83 days 1,519 sqft
    2019-03-01 72 days 1,521 sqft
    2019-04-01 59 days 1,535 sqft
    2019-05-01 40 days 1,530 sqft
    2019-06-01 37 days 1,520 sqft
    2019-07-01 44 days 1,575 sqft
    2019-08-01 48 days 1,563 sqft
    2019-09-01 50 days 1,545 sqft
    2019-10-01 53 days 1,533 sqft
    2019-11-01 58 days 1,520 sqft
    2019-12-01 71 days 1,531 sqft
    2020-01-01 78 days 1,508 sqft
    2020-02-01 74 days 1,453 sqft
    2020-03-01 61 days 1,472 sqft
    2020-04-01 73 days 1,480 sqft
    2020-05-01 74 days 1,456 sqft
    2020-06-01 39 days 1,539 sqft
    2020-07-01 32 days 1,547 sqft
    2020-08-01 29 days 1,578 sqft
    2020-09-01 26 days 1,561 sqft
    2020-10-01 31 days 1,568 sqft
    2020-11-01 37 days 1,521 sqft
    2020-12-01 45 days 1,489 sqft
    2021-01-01 47 days 1,422 sqft
    2021-02-01 44 days 1,434 sqft
    2021-03-01 37 days 1,390 sqft
    2021-04-01 25 days 1,396 sqft
    2021-05-01 17 days 1,486 sqft
    2021-06-01 22 days 1,460 sqft
    2021-07-01 24 days 1,422 sqft
    2021-08-01 27 days 1,469 sqft
    2021-09-01 35 days 1,403 sqft
    2021-10-01 39 days 1,404 sqft
    2021-11-01 46 days 1,385 sqft
    2021-12-01 54 days 1,367 sqft
    2022-01-01 66 days 1,317 sqft
    2022-02-01 69 days 1,353 sqft
    2022-03-01 40 days 1,364 sqft
    2022-04-01 30 days 1,454 sqft
    2022-05-01 24 days 1,419 sqft
    2022-06-01 26 days 1,450 sqft
    2022-07-01 30 days 1,522 sqft
    2022-08-01 31 days 1,498 sqft
    2022-09-01 42 days 1,456 sqft
    2022-10-01 46 days 1,493 sqft
    2022-11-01 45 days 1,473 sqft
    2022-12-01 53 days 1,472 sqft
    2023-01-01 54 days 1,494 sqft
    2023-02-01 61 days 1,483 sqft
    2023-03-01 58 days 1,462 sqft
    2023-04-01 54 days 1,552 sqft
    2023-05-01 35 days 1,549 sqft
    2023-06-01 32 days 1,542 sqft
    2023-07-01 29 days 1,430 sqft
    2023-08-01 31 days 1,427 sqft
    2023-09-01 40 days 1,430 sqft
    2023-10-01 46 days 1,430 sqft
    2023-11-01 45 days 1,451 sqft
    2023-12-01 57 days 1,443 sqft
    2024-01-01 69 days 1,443 sqft
    2024-02-01 71 days 1,456 sqft
    2024-03-01 52 days 1,486 sqft
    2024-04-01 47 days 1,473 sqft
    2024-05-01 32 days 1,495 sqft
    2024-06-01 33 days 1,625 sqft
    2024-07-01 43 days 1,639 sqft
    2024-08-01 34 days 1,610 sqft
    2024-09-01 35 days 1,505 sqft
    2024-10-01 43 days 1,542 sqft
    2024-11-01 44 days 1,616 sqft
    2024-12-01 55 days 1,543 sqft
    Saginaw's median listing age (time on market) for 2024-12-01 was 55 days. This is -4% shorter than the same period one year ago.

    Saginaw's median square footage for active listings during the 2024-12-01 period was 1,543 sqft. One year prior, the average listing was 1,443 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.