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 6.67% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

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

    The average rate for the prior week (2025-07-04) was 6.78% and one month ago for the week of 2025-06-06, the average rate was 6.96%.

    The average rate one year ago was 7.08%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.71%.

    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 .

    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%) $128,582 (-0.3%) 0.33 563
    2018-02-01 $86,225 (-10.6%) $129,103 (0.7%) 0.31 543
    2018-03-01 $87,063 (-3.2%) $130,981 (1.5%) 0.31 517
    2018-04-01 $98,900 (8.4%) $136,482 (3.8%) 0.34 491
    2018-05-01 $107,400 (4.9%) $148,504 (7.3%) 0.36 478
    2018-06-01 $112,450 (6.4%) $153,051 (9.9%) 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 (22.6%) $156,617 (13.8%) 0.42 590
    2018-11-01 $122,250 (23.2%) $153,680 (13.7%) 0.41 567
    2018-12-01 $119,900 (27.6%) $151,128 (14.9%) 0.41 540
    2019-01-01 $116,125 (29.8%) $147,294 (14.6%) 0.40 480
    2019-02-01 $119,900 (39.1%) $149,555 (15.8%) 0.41 425
    2019-03-01 $122,900 (41.2%) $157,765 (20.5%) 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 (16.8%) 0.41 394
    2019-06-01 $129,900 (15.5%) $165,738 (8.3%) 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%) $192,856 (-1.3%) 0.38 282
    2021-09-01 $117,475 (-10.8%) $174,006 (-11.3%) 0.31 297
    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 (12.2%) 0.37 321
    2022-09-01 $155,000 (31.9%) $206,203 (18.5%) 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 $143,100 (-1.9%) $213,722 (7.8%) 0.32 196
    2023-06-01 $139,675 (-6.0%) $219,176 (5.9%) 0.31 210
    2023-07-01 $129,900 (-22.0%) $225,873 (-0.9%) 0.30 266
    2023-08-01 $146,225 (-8.4%) $216,376 (0.0%) 0.34 315
    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 $181,175 (26.6%) $247,473 (15.8%) 0.41 251
    2024-06-01 $215,000 (53.9%) $261,345 (19.2%) 0.49 287
    2024-07-01 $213,450 (64.3%) $266,481 (18.0%) 0.49 285
    2024-08-01 $214,950 (47.0%) $267,443 (23.6%) 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
    2025-01-01 $171,825 (7.5%) $224,836 (9.6%) 0.43 332
    2025-02-01 $169,900 (9.7%) $223,020 (10.0%) 0.41 319
    2025-03-01 $169,000 (5.7%) $232,295 (8.4%) 0.40 313
    2025-04-01 $169,900 (-2.9%) $231,065 (0.3%) 0.39 290
    2025-05-01 $169,950 (-6.2%) $229,784 (-7.2%) 0.39 298
    2025-06-01 $184,900 (-14.0%) $238,895 (-8.6%) 0.42 338
    Saginaw's median listing price for 2025-06-01 was $184,900, a difference of $-30,100 (-14.0%) versus the prior year and $14,950 versus the prior month.

    Saginaw's median listing price comes in at 42% of the national average.

    Saginaw's average listing price for 2025-06-01 was $238,895, a difference of $-22,450 (-8.6%) versus the prior year and $9,111 versus the prior month.

    For the 2025-06-01 period, Saginaw had 338 MLS listings, a difference of 40 listings (13%) versus the prior month and 51 listings (18%) 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 1,451 sqft
    2018-02-01 81 days 1,429 sqft
    2018-03-01 68 days 1,448 sqft
    2018-04-01 64 days 1,460 sqft
    2018-05-01 49 days 1,481 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 1,418 sqft
    2021-08-01 28 days 1,469 sqft
    2021-09-01 35 days 1,399 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 1,540 sqft
    2023-06-01 32 days 1,541 sqft
    2023-07-01 29 days 1,423 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 33 days 1,490 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
    2025-01-01 63 days 1,545 sqft
    2025-02-01 55 days 1,556 sqft
    2025-03-01 47 days 1,533 sqft
    2025-04-01 46 days 1,609 sqft
    2025-05-01 44 days 1,600 sqft
    2025-06-01 42 days 1,617 sqft
    Saginaw's median listing age (time on market) for 2025-06-01 was 42 days. This is 27% longer than the same period one year ago.

    Saginaw's median square footage for active listings during the 2025-06-01 period was 1,617 sqft. One year prior, the average listing was 1,625 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.