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 48 lenders originated 231 VA loans during 2024. The total origination value was $54,895,000, with an average VA loan value of $237,641.

    Saginaw VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Saginaw averaged 0.5% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Saginaw's average VA mortgage closing costs are $4,573.

    The average rate for the prior week (2025-06-27) was 6.64% and one month ago for the week of 2025-05-30, the average rate was 6.76%.

    The average rate one year ago was 7.18%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.14%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 67 6.42% $4,697
    UNITED WHOLESALE MORTGAGE, LLC 25 5.94% $6,439
    QUICKEN LOANS, LLC 16 6.05% $10,522
    FREEDOM MORTGAGE CORPORATION 13 6.16% $5,744
    NAVY FEDERAL CREDIT UNION 9 5.86% $5,166
    PENNYMAC LOAN SERVICES, LLC 7 5.79% $5,134
    NEW DAY FINANCIAL, LLC 6 7.22% $6,136
    VILLAGE CAPITAL MORTGAGE 5 5.75% $5,521
    STAUNTON FINANCIAL, INC. 5 6.98% $5,338
    FIRST COMMUNITY MORTGAGE, INC. 4 6.69% $6,265
    LAKE MICHIGAN CREDIT UNION 4 6.16% $4,478
    DAS Acquisition Company, LLC 4 7.00% $3,930
    MORTGAGE 1 INCORPORATED 3 6.63% $6,919
    CLEARPATH LENDING 3 5.83% $6,547
    BLG HOLDINGS, INC. 3 6.91% $10,711
    J. VIRGIL, INC. 3 6.96% $4,465
    GUARANTEED RATE, INC. 3 6.63% $2,947
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.58% $18,530
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $9,227
    USAA Federal Savings Bank 3 5.50% $2,564
    The Huntington National Bank 2 6.81% $1,303
    Texana Bank 1 5.88% $3,879
    The Federal Savings Bank 1 5.25% $11,280
    TOWNE MORTGAGE COMPANY 1 5.99% $8,890
    UMB Bank 1 6.25% $7,244
    UNION HOME MORTGAGE CORP. 1 6.63% $12,155
    Academy Bank 1 5.88% $14,668
    Wells Fargo Bank 1 5.63% $15,777
    Century Mortgage Company DBA Century Lending Company 1 5.63% $4,481
    CMG MORTGAGE, INC. 1 6.25% $18,742
    Credence Funding Corporation 1 5.50% $5,350
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $40
    DELMAR FINANCIAL COMPANY 1 6.75% $1,875
    Flagstar Bank, FSB 1 6.25% $4,752
    GUILD MORTGAGE COMPANY 1 6.63% $9,637
    Independent Bank 1 6.13% $10,815
    JPMorgan Chase Bank 1 6.75% $4,305
    LOANDEPOT.COM, LLC 1 5.99% $7,263
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $10,776
    NBKC BANK 1 6.38% $5,870
    NEWREZ LLC 1 6.75% $5,933
    NORTHERN MORTGAGE SERVICES, LLC 1 6.75% $3,199
    Old National Bank 1 5.75% $2,837
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $147
    PLANET HOME LENDING, LLC 1 6.38% $5,040
    PREMIA MORTGAGE, LLC 1 5.50% $3,922
    Preston Home Loans Inc 1 6.38% $2,153
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $7,443

    The top Saginaw VA lender as defined by loan originations is Mortgage Research Center, LLC, with 67 VA loans originated. Their average total fees are $4,697, which is $1,742 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Saginaw VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,697), FREEDOM MORTGAGE CORPORATION ($5,744), UNITED WHOLESALE MORTGAGE, LLC ($6,439), QUICKEN LOANS, LLC ($10,522) and .

    The lowest rate Saginaw VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.94%), QUICKEN LOANS, LLC (6.05%), FREEDOM MORTGAGE CORPORATION (6.16%), Mortgage Research Center, LLC (6.42%) and .

    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.