Saginaw VA Loan Rates, Closing Costs & Stats

SAGINAW, MI

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.