Seneca Falls VA Loan Rates, Closing Costs & Stats
Seneca Falls, NY
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.
Seneca Falls's 12 lenders originated 19 VA loans during 2023. The total origination value was $3,865,000, with an average VA loan value of $203,421.
Seneca Falls VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Seneca Falls
averaged
6.35%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Seneca Falls's average VA mortgage closing costs are $5,049.
The average rate for the prior week (2024-12-06) was
6.48% and
one month ago for the week of 2024-11-08, the
average rate was 6.48%.
The average rate one year ago was 7.02%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.88%.
Seneca Falls 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 Seneca Falls level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 3 | 6.96% | $2,747 |
| QUICKEN LOANS, LLC | 3 | 5.96% | $6,712 |
| CARDINAL FINANCIAL | 2 | 6.44% | $11,541 |
| NAVY FEDERAL CREDIT UNION | 2 | 7.06% | $5,302 |
| PLAZA HOME MORTGAGE, INC. | 2 | 6.31% | $6,045 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.63% | $10,817 |
| Citizens Bank | 1 | 6.88% | $8,168 |
| PARAGON HOME LOANS INC. | 1 | 6.13% | $10,559 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.25% | $0 |
| Premium Mortgage Corporation | 1 | 7.00% | $8,621 |
| LOANDEPOT.COM, LLC | 1 | 6.25% | $10,068 |
| HUNT MORTGAGE CORPORATION | 1 | 7.13% | $900 |
The top Seneca Falls VA lender as defined by loan originations is Mortgage Research Center, LLC, with
3 VA loans originated. Their average total fees are
$2,747, which is $3,965
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Seneca Falls VA lenders (with over 10 loans originated) are
.
The lowest rate Seneca Falls VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Seneca Falls (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 | $141,000 (-2.7%) | $190,661 (-22.1%) | 0.00 | 111 |
| 2018-02-01 | $127,400 (-20.1%) | $182,792 (-26.8%) | 0.00 | 104 |
| 2018-03-01 | $140,450 (-27.8%) | $185,775 (-35.6%) | 0.00 | 104 |
| 2018-04-01 | $166,975 (-16.3%) | $220,602 (-14.0%) | 0.00 | 105 |
| 2018-05-01 | $188,500 (-10.0%) | $245,618 (-3.1%) | 0.00 | 110 |
| 2018-06-01 | $194,450 (-2.5%) | $245,373 (-1.7%) | 0.00 | 108 |
| 2018-07-01 | $202,400 (7.1%) | $259,274 (7.0%) | 0.00 | 106 |
| 2018-08-01 | $190,950 (3.5%) | $239,502 (0.9%) | 0.00 | 118 |
| 2018-09-01 | $179,900 (-1.1%) | $233,539 (-3.0%) | 0.00 | 118 |
| 2018-10-01 | $183,825 (3.1%) | $269,077 (16.4%) | 0.00 | 108 |
| 2018-11-01 | $177,175 (10.8%) | $265,506 (17.3%) | 0.00 | 114 |
| 2018-12-01 | $144,993 (-3.3%) | $251,255 (20.2%) | 0.00 | 106 |
| 2019-01-01 | $139,350 (-1.2%) | $252,936 (32.7%) | 0.00 | 103 |
| 2019-02-01 | $150,475 (18.1%) | $261,146 (42.9%) | 0.00 | 92 |
| 2019-03-01 | $164,429 (17.1%) | $262,359 (41.2%) | 0.00 | 88 |
| 2019-04-01 | $177,179 (6.1%) | $261,175 (18.4%) | 0.00 | 87 |
| 2019-05-01 | $203,650 (8.0%) | $272,652 (11.0%) | 0.00 | 93 |
| 2019-06-01 | $199,900 (2.8%) | $302,243 (23.2%) | 0.00 | 91 |
| 2019-07-01 | $192,450 (-4.9%) | $316,909 (22.2%) | 0.00 | 96 |
| 2019-08-01 | $188,536 (-1.3%) | $319,895 (33.6%) | 0.00 | 93 |
| 2019-09-01 | $186,491 (3.7%) | $328,719 (40.8%) | 0.00 | 91 |
| 2019-10-01 | $185,127 (0.7%) | $336,577 (25.1%) | 0.00 | 87 |
| 2019-11-01 | $175,400 (-1.0%) | $327,192 (23.2%) | 0.00 | 79 |
| 2019-12-01 | $169,200 (16.7%) | $294,311 (17.1%) | 0.00 | 75 |
| 2020-01-01 | $159,900 (14.8%) | $270,887 (7.1%) | 0.00 | 66 |
| 2020-02-01 | $150,750 (0.2%) | $261,954 (0.3%) | 0.00 | 71 |
| 2020-03-01 | $171,200 (4.1%) | $292,083 (11.3%) | 0.00 | 77 |
| 2020-04-01 | $171,200 (-3.4%) | $288,625 (10.5%) | 0.00 | 73 |
| 2020-05-01 | $177,700 (-12.7%) | $287,081 (5.3%) | 0.00 | 72 |
| 2020-06-01 | $184,500 (-7.7%) | $316,040 (4.6%) | 0.00 | 57 |
| 2020-07-01 | $194,450 (1.0%) | $331,721 (4.7%) | 0.00 | 52 |
| 2020-08-01 | $175,000 (-7.2%) | $317,628 (-0.7%) | 0.00 | 49 |
| 2020-09-01 | $172,400 (-7.6%) | $318,692 (-3.1%) | 0.00 | 49 |
| 2020-10-01 | $137,068 (-26.0%) | $256,342 (-23.8%) | 0.00 | 51 |
| 2020-11-01 | $141,909 (-19.1%) | $250,352 (-23.5%) | 0.00 | 47 |
| 2020-12-01 | $134,900 (-20.3%) | $242,870 (-17.5%) | 0.00 | 46 |
| 2021-01-01 | $132,000 (-17.5%) | $279,126 (3.0%) | 0.00 | 39 |
| 2021-02-01 | $130,950 (-13.1%) | $308,262 (17.7%) | 0.00 | 29 |
| 2021-03-01 | $152,400 (-11.0%) | $367,607 (25.9%) | 0.00 | 28 |
| 2021-04-01 | $139,900 (-18.3%) | $341,496 (18.3%) | 0.00 | 24 |
| 2021-05-01 | $154,900 (-12.8%) | $348,315 (21.3%) | 0.00 | 24 |
| 2021-06-01 | $177,450 (-3.8%) | $396,036 (25.3%) | 0.00 | 36 |
| 2021-07-01 | $175,000 (-10.0%) | $473,054 (42.6%) | 0.00 | 45 |
| 2021-08-01 | $198,475 (13.4%) | $347,538 (9.4%) | 0.00 | 38 |
| 2021-09-01 | $214,900 (24.7%) | $346,756 (8.8%) | 0.00 | 34 |
| 2021-10-01 | $203,725 (48.6%) | $370,401 (44.5%) | 0.00 | 31 |
| 2021-11-01 | $205,725 (45.0%) | $319,277 (27.5%) | 0.00 | 32 |
| 2021-12-01 | $167,450 (24.1%) | $260,685 (7.3%) | 0.00 | 23 |
| 2022-01-01 | $124,900 (-5.4%) | $189,996 (-31.9%) | 0.00 | 21 |
| 2022-02-01 | $135,400 (3.4%) | $209,335 (-32.1%) | 0.00 | 19 |
| 2022-03-01 | $145,750 (-4.4%) | $196,623 (-46.5%) | 0.00 | 26 |
| 2022-04-01 | $179,400 (28.2%) | $291,045 (-14.8%) | 0.00 | 31 |
| 2022-05-01 | $219,675 (41.8%) | $295,883 (-15.1%) | 0.00 | 28 |
| 2022-06-01 | $255,950 (44.2%) | $379,112 (-4.3%) | 0.00 | 37 |
| 2022-07-01 | $219,900 (25.7%) | $322,280 (-31.9%) | 0.00 | 36 |
| 2022-08-01 | $157,475 (-20.7%) | $303,882 (-12.6%) | 0.00 | 41 |
| 2022-09-01 | $149,900 (-30.3%) | $236,889 (-31.7%) | 0.00 | 36 |
| 2022-10-01 | $155,900 (-23.5%) | $282,258 (-23.8%) | 0.00 | 35 |
| 2022-11-01 | $158,900 (-22.8%) | $333,722 (4.5%) | 0.00 | 37 |
| 2022-12-01 | $165,900 (-0.9%) | $345,439 (32.5%) | 0.00 | 32 |
| 2023-01-01 | $164,950 (32.1%) | $300,018 (57.9%) | 0.00 | 28 |
| 2023-02-01 | $171,700 (26.8%) | $312,691 (49.4%) | 0.00 | 25 |
| 2023-03-01 | $192,200 (31.9%) | $356,878 (81.5%) | 0.00 | 26 |
| 2023-04-01 | $239,900 (33.7%) | $416,195 (43.0%) | 0.00 | 31 |
| 2023-05-01 | $339,750 (54.7%) | $488,846 (65.2%) | 0.00 | 31 |
| 2023-06-01 | $385,250 (50.5%) | $500,950 (32.1%) | 0.00 | 33 |
| 2023-07-01 | $299,000 (36.0%) | $471,683 (46.4%) | 0.00 | 38 |
| 2023-08-01 | $284,950 (81.0%) | $453,279 (49.2%) | 0.00 | 44 |
| 2023-09-01 | $252,450 (68.4%) | $422,675 (78.4%) | 0.00 | 50 |
| 2023-10-01 | $244,950 (57.1%) | $392,434 (39.0%) | 0.00 | 54 |
| 2023-11-01 | $251,175 (58.1%) | $410,087 (22.9%) | 0.00 | 51 |
| 2023-12-01 | $188,700 (13.7%) | $347,044 (0.5%) | 0.00 | 37 |
| 2024-01-01 | $189,900 (15.1%) | $392,155 (30.7%) | 0.00 | 25 |
| 2024-02-01 | $204,450 (19.1%) | $467,857 (49.6%) | 0.00 | 18 |
| 2024-03-01 | $279,400 (45.4%) | $472,361 (32.4%) | 0.00 | 19 |
| 2024-04-01 | $343,725 (43.3%) | $628,627 (51.0%) | 0.00 | 23 |
| 2024-05-01 | $299,300 (-11.9%) | $615,823 (26.0%) | 0.00 | 29 |
| 2024-06-01 | $299,900 (-22.2%) | $586,542 (17.1%) | 0.00 | 37 |
| 2024-07-01 | $412,250 (37.9%) | $781,512 (65.7%) | 0.00 | 31 |
| 2024-08-01 | $299,900 (5.3%) | $612,016 (35.0%) | 0.00 | 42 |
| 2024-09-01 | $299,900 (18.8%) | $560,589 (32.6%) | 0.00 | 39 |
| 2024-10-01 | $309,900 (26.5%) | $585,423 (49.2%) | 0.00 | 36 |
| 2024-11-01 | $289,950 (15.4%) | $586,815 (43.1%) | 0.00 | 41 |
Seneca Falls's median listing price comes in at 0% of the national average.
Seneca Falls's average listing price for 2024-11-01 was $586,815, a difference of $176,728 (43.1%) versus the prior year and $1,392 versus the prior month.
For the 2024-11-01 period, Seneca Falls had 41 MLS listings, a difference of 5 listings (14%) versus the prior month and -10 listings (-20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Seneca Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,750 sqft |
| 2018-02-01 | 0 days | 1,669 sqft |
| 2018-03-01 | 0 days | 1,660 sqft |
| 2018-04-01 | 0 days | 1,712 sqft |
| 2018-05-01 | 0 days | 1,774 sqft |
| 2018-06-01 | 0 days | 1,700 sqft |
| 2018-07-01 | 0 days | 1,848 sqft |
| 2018-08-01 | 0 days | 1,796 sqft |
| 2018-09-01 | 0 days | 1,783 sqft |
| 2018-10-01 | 0 days | 1,746 sqft |
| 2018-11-01 | 0 days | 1,746 sqft |
| 2018-12-01 | 0 days | 1,704 sqft |
| 2019-01-01 | 0 days | 1,701 sqft |
| 2019-02-01 | 0 days | 1,703 sqft |
| 2019-03-01 | 0 days | 1,699 sqft |
| 2019-04-01 | 0 days | 1,699 sqft |
| 2019-05-01 | 0 days | 1,734 sqft |
| 2019-06-01 | 0 days | 1,827 sqft |
| 2019-07-01 | 0 days | 1,754 sqft |
| 2019-08-01 | 0 days | 1,796 sqft |
| 2019-09-01 | 0 days | 1,772 sqft |
| 2019-10-01 | 0 days | 1,753 sqft |
| 2019-11-01 | 0 days | 1,768 sqft |
| 2019-12-01 | 0 days | 1,707 sqft |
| 2020-01-01 | 0 days | 1,681 sqft |
| 2020-02-01 | 0 days | 1,691 sqft |
| 2020-03-01 | 0 days | 1,730 sqft |
| 2020-04-01 | 0 days | 1,760 sqft |
| 2020-05-01 | 0 days | 1,752 sqft |
| 2020-06-01 | 0 days | 1,776 sqft |
| 2020-07-01 | 0 days | 1,970 sqft |
| 2020-08-01 | 0 days | 1,900 sqft |
| 2020-09-01 | 0 days | 1,877 sqft |
| 2020-10-01 | 0 days | 1,792 sqft |
| 2020-11-01 | 0 days | 1,690 sqft |
| 2020-12-01 | 0 days | 1,679 sqft |
| 2021-01-01 | 0 days | 1,792 sqft |
| 2021-02-01 | 0 days | 1,823 sqft |
| 2021-03-01 | 0 days | 1,667 sqft |
| 2021-04-01 | 0 days | 1,665 sqft |
| 2021-05-01 | 0 days | 1,701 sqft |
| 2021-06-01 | 0 days | 1,809 sqft |
| 2021-07-01 | 0 days | 1,820 sqft |
| 2021-08-01 | 0 days | 1,898 sqft |
| 2021-09-01 | 0 days | 1,799 sqft |
| 2021-10-01 | 0 days | 1,885 sqft |
| 2021-11-01 | 0 days | 1,870 sqft |
| 2021-12-01 | 0 days | 1,879 sqft |
| 2022-01-01 | 0 days | 1,733 sqft |
| 2022-02-01 | 0 days | 1,783 sqft |
| 2022-03-01 | 0 days | 1,645 sqft |
| 2022-04-01 | 0 days | 1,602 sqft |
| 2022-05-01 | 0 days | 1,821 sqft |
| 2022-06-01 | 0 days | 1,723 sqft |
| 2022-07-01 | 0 days | 1,616 sqft |
| 2022-08-01 | 0 days | 1,439 sqft |
| 2022-09-01 | 0 days | 1,438 sqft |
| 2022-10-01 | 0 days | 1,530 sqft |
| 2022-11-01 | 0 days | 1,794 sqft |
| 2022-12-01 | 0 days | 1,748 sqft |
| 2023-01-01 | 0 days | 1,469 sqft |
| 2023-02-01 | 0 days | 1,712 sqft |
| 2023-03-01 | 0 days | 1,867 sqft |
| 2023-04-01 | 0 days | 1,913 sqft |
| 2023-05-01 | 0 days | 1,857 sqft |
| 2023-06-01 | 0 days | 1,897 sqft |
| 2023-07-01 | 0 days | 1,888 sqft |
| 2023-08-01 | 0 days | 1,918 sqft |
| 2023-09-01 | 0 days | 1,705 sqft |
| 2023-10-01 | 0 days | 1,670 sqft |
| 2023-11-01 | 0 days | 1,866 sqft |
| 2023-12-01 | 0 days | 1,738 sqft |
| 2024-01-01 | 0 days | 1,926 sqft |
| 2024-02-01 | 0 days | 1,612 sqft |
| 2024-03-01 | 0 days | 1,534 sqft |
| 2024-04-01 | 0 days | 1,673 sqft |
| 2024-05-01 | 0 days | 1,994 sqft |
| 2024-06-01 | 0 days | 2,031 sqft |
| 2024-07-01 | 0 days | 2,308 sqft |
| 2024-08-01 | 0 days | 2,076 sqft |
| 2024-09-01 | 0 days | 2,209 sqft |
| 2024-10-01 | 0 days | 2,196 sqft |
| 2024-11-01 | 0 days | 2,122 sqft |
Seneca Falls's median square footage for active listings during the 2024-11-01 period was 2,122 sqft. One year prior, the average listing was 1,866 sqft.