Sioux City VA Loan Rates, Closing Costs & Stats

SIOUX CITY, IA-NE-SD

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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.

    Sioux City's 38 lenders originated 118 VA loans during 2023. The total origination value was $30,280,000, with an average VA loan value of $256,610.

    Sioux City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sioux City averaged 6.5% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Sioux City's average VA mortgage closing costs are $5,485.

    The average rate for the prior week (2025-02-07) was 6.33% and one month ago for the week of 2025-01-10, the average rate was 6.47%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Sioux City 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 Sioux City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.55% $5,304
    QUICKEN LOANS, LLC 13 6.20% $13,177
    GUARANTEED RATE, INC. 6 6.38% $5,002
    NEW DAY FINANCIAL, LLC 4 7.13% $9,240
    Plains Commerce Bank 4 6.15% $15,918
    Citizens Bank 4 6.69% $7,180
    NAVY FEDERAL CREDIT UNION 4 5.25% $7,385
    Flagstar Bank, FSB 4 6.33% $7,929
    Great Southern Bank 4 5.59% $5,564
    Northwest Bank 3 7.33% $9,192
    GUILD MORTGAGE COMPANY 3 5.08% $3,639
    U.S. Bank 3 6.29% $5,505
    USAA Federal Savings Bank 3 6.75% $5,381
    Wells Fargo Bank 2 6.25% $7,827
    UNITED WHOLESALE MORTGAGE, LLC 2 7.38% $622
    LOANDEPOT.COM, LLC 2 6.49% $13,159
    NEWREZ LLC 2 6.44% $11,587
    PENNYMAC LOAN SERVICES, LLC 2 6.50% $7,687
    The Federal Savings Bank 1 7.25% $3,779
    The Huntington National Bank 1 5.38% $24,866
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $141
    American Bank & Trust 1 5.50% $9,267
    Barrington Bank & Trust Company, N.A. 1 6.75% $8,540
    BROKER SOLUTIONS, INC. 1 6.75% $11,295
    CARDINAL FINANCIAL 1 7.25% $23,388
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $8,290
    Equity Prime Mortgage LLC 1 6.88% $14,590
    First National Bank of Omaha 1 5.25% $4,965
    FREEDOM MORTGAGE CORPORATION 1 6.25% $13,944
    Gateway First Bank 1 6.25% $675
    Heritage Bank 1 5.88% $7,126
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $1,676
    Access Bank 1 6.88% $1,977
    Mr. Cooper ( Nationstar Mortgage ) 1 5.88% $7,251
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $27,399
    PLAZA HOME MORTGAGE, INC. 1 5.75% $5,379
    ROYAL UNITED MORTGAGE LLC 1 7.75% $17,494
    The Central Trust Bank 1 6.13% $3,500

    The top Sioux City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $5,304, which is $7,873 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sioux City VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,304), QUICKEN LOANS, LLC ($13,177), .

    The lowest rate Sioux City VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.20%), Mortgage Research Center, LLC (6.55%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sioux City (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 $206,000 (14.5%) $264,028 (7.2%) 0.74 295
    2018-02-01 $209,788 (17.0%) $267,782 (14.2%) 0.75 282
    2018-03-01 $219,900 (18.0%) $259,655 (7.2%) 0.71 287
    2018-04-01 $218,175 (12.8%) $256,267 (5.0%) 0.69 307
    2018-05-01 $225,000 (18.1%) $262,812 (3.6%) 0.70 295
    2018-06-01 $220,000 (15.8%) $263,302 (4.4%) 0.72 297
    2018-07-01 $224,950 (12.8%) $268,749 (7.5%) 0.73 298
    2018-08-01 $213,975 (8.1%) $260,262 (4.2%) 0.69 298
    2018-09-01 $204,500 (2.8%) $256,206 (1.1%) 0.70 323
    2018-10-01 $210,463 (5.3%) $255,734 (0.8%) 0.72 323
    2018-11-01 $203,000 (2.0%) $252,357 (2.5%) 0.70 334
    2018-12-01 $199,900 (-0.1%) $255,911 (-1.5%) 0.70 326
    2019-01-01 $196,624 (-4.6%) $245,541 (-7.0%) 0.69 326
    2019-02-01 $212,988 (1.5%) $250,438 (-6.5%) 0.72 299
    2019-03-01 $229,979 (4.6%) $264,185 (1.7%) 0.73 275
    2019-04-01 $249,963 (14.6%) $285,470 (11.4%) 0.76 255
    2019-05-01 $250,965 (11.5%) $299,162 (13.8%) 0.76 258
    2019-06-01 $259,000 (17.7%) $304,896 (15.8%) 0.77 267
    2019-07-01 $245,000 (8.9%) $291,915 (8.6%) 0.73 276
    2019-08-01 $234,766 (9.7%) $283,252 (8.8%) 0.71 299
    2019-09-01 $219,415 (7.3%) $268,545 (4.8%) 0.69 331
    2019-10-01 $205,213 (-2.5%) $256,870 (0.4%) 0.63 362
    2019-11-01 $199,950 (-1.5%) $251,561 (-0.3%) 0.62 357
    2019-12-01 $197,725 (-1.1%) $250,771 (-2.0%) 0.64 333
    2020-01-01 $199,125 (1.3%) $251,983 (2.6%) 0.64 319
    2020-02-01 $199,700 (-6.2%) $254,828 (1.8%) 0.64 292
    2020-03-01 $214,700 (-6.6%) $261,794 (-0.9%) 0.63 285
    2020-04-01 $219,950 (-12.0%) $264,407 (-7.4%) 0.69 281
    2020-05-01 $232,500 (-7.4%) $275,857 (-7.8%) 0.70 292
    2020-06-01 $234,913 (-9.3%) $272,724 (-10.6%) 0.68 311
    2020-07-01 $238,600 (-2.6%) $276,174 (-5.4%) 0.68 282
    2020-08-01 $225,000 (-4.2%) $275,181 (-2.9%) 0.64 262
    2020-09-01 $223,500 (1.9%) $278,026 (3.5%) 0.64 259
    2020-10-01 $221,950 (8.2%) $276,867 (7.8%) 0.62 242
    2020-11-01 $219,725 (9.9%) $278,962 (10.9%) 0.63 235
    2020-12-01 $227,475 (15.1%) $275,846 (10.0%) 0.68 204
    2021-01-01 $248,450 (24.8%) $286,919 (13.9%) 0.73 181
    2021-02-01 $262,500 (31.5%) $299,754 (17.6%) 0.73 167
    2021-03-01 $269,925 (25.7%) $304,698 (16.4%) 0.73 157
    2021-04-01 $280,950 (27.7%) $321,419 (21.6%) 0.75 145
    2021-05-01 $259,900 (11.8%) $307,750 (11.6%) 0.70 146
    2021-06-01 $254,950 (8.5%) $293,846 (7.7%) 0.69 157
    2021-07-01 $229,000 (-4.0%) $285,765 (3.5%) 0.61 169
    2021-08-01 $221,200 (-1.7%) $288,245 (4.8%) 0.60 197
    2021-09-01 $201,213 (-10.0%) $268,988 (-3.3%) 0.54 193
    2021-10-01 $199,250 (-10.2%) $260,753 (-5.8%) 0.53 192
    2021-11-01 $192,850 (-12.2%) $296,988 (6.5%) 0.51 171
    2021-12-01 $203,725 (-10.4%) $316,086 (14.6%) 0.55 143
    2022-01-01 $205,000 (-17.5%) $349,540 (21.8%) 0.55 111
    2022-02-01 $298,250 (13.6%) $393,317 (31.2%) 0.74 108
    2022-03-01 $307,500 (13.9%) $402,874 (32.2%) 0.73 97
    2022-04-01 $300,000 (6.8%) $391,673 (21.9%) 0.73 103
    2022-05-01 $307,250 (18.2%) $402,708 (30.9%) 0.69 120
    2022-06-01 $312,000 (22.4%) $405,527 (38.0%) 0.68 141
    2022-07-01 $295,000 (28.8%) $377,764 (32.2%) 0.66 170
    2022-08-01 $290,000 (31.1%) $375,894 (30.4%) 0.66 174
    2022-09-01 $279,950 (39.1%) $369,295 (37.3%) 0.00 177
    2022-10-01 $297,000 (49.1%) $355,854 (36.5%) 0.00 181
    2022-11-01 $297,100 (54.1%) $353,361 (19.0%) 0.00 216
    2022-12-01 $314,700 (54.5%) $393,947 (24.6%) 0.00 215
    2023-01-01 $315,275 (53.8%) $400,723 (14.6%) 0.00 191
    2023-02-01 $315,750 (5.9%) $409,045 (4.0%) 0.00 189
    2023-03-01 $339,500 (10.4%) $431,840 (7.2%) 0.00 177
    2023-04-01 $360,000 (20.0%) $439,465 (12.2%) 0.00 170
    2023-05-01 $336,844 (9.6%) $433,404 (7.6%) 0.00 181
    2023-06-01 $346,000 (10.9%) $435,517 (7.4%) 0.00 191
    2023-07-01 $339,900 (15.2%) $416,611 (10.3%) 0.00 203
    2023-08-01 $319,475 (10.2%) $409,050 (8.8%) 0.00 212
    2023-09-01 $284,975 (1.8%) $388,697 (5.3%) 0.00 252
    2023-10-01 $271,363 (-8.6%) $380,814 (7.0%) 0.00 246
    2023-11-01 $252,400 (-15.1%) $352,598 (-0.2%) 0.00 259
    2023-12-01 $252,950 (-19.6%) $357,123 (-9.4%) 0.00 241
    2024-01-01 $252,000 (-20.1%) $357,508 (-10.8%) 0.00 220
    2024-02-01 $250,363 (-20.7%) $363,934 (-11.0%) 0.00 203
    2024-03-01 $284,950 (-16.1%) $385,642 (-10.7%) 0.00 223
    2024-04-01 $304,988 (-15.3%) $387,663 (-11.8%) 0.00 233
    2024-05-01 $324,988 (-3.5%) $397,509 (-8.3%) 0.00 241
    2024-06-01 $315,000 (-9.0%) $388,019 (-10.9%) 0.00 252
    2024-07-01 $306,125 (-9.9%) $377,818 (-9.3%) 0.00 263
    2024-08-01 $279,000 (-12.7%) $365,937 (-10.5%) 0.00 268
    2024-09-01 $295,000 (3.5%) $375,589 (-3.4%) 0.00 268
    2024-10-01 $284,450 (4.8%) $374,510 (-1.7%) 0.00 260
    2024-11-01 $282,500 (11.9%) $362,525 (2.8%) 0.00 253
    2024-12-01 $289,725 (14.5%) $356,378 (-0.2%) 0.00 230
    2025-01-01 $295,983 (17.5%) $361,439 (1.1%) 0.00 216
    Sioux City's median listing price for 2025-01-01 was $295,983, a difference of $43,983 (17.5%) versus the prior year and $6,258 versus the prior month.

    Sioux City's median listing price comes in at 0% of the national average.

    Sioux City's average listing price for 2025-01-01 was $361,439, a difference of $3,931 (1.1%) versus the prior year and $5,061 versus the prior month.

    For the 2025-01-01 period, Sioux City had 216 MLS listings, a difference of -14 listings (-6%) versus the prior month and -4 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sioux City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 95 days 1,904 sqft
    2018-02-01 94 days 1,961 sqft
    2018-03-01 74 days 1,910 sqft
    2018-04-01 50 days 1,904 sqft
    2018-05-01 53 days 1,947 sqft
    2018-06-01 57 days 1,952 sqft
    2018-07-01 61 days 1,950 sqft
    2018-08-01 58 days 2,016 sqft
    2018-09-01 51 days 1,964 sqft
    2018-10-01 58 days 1,978 sqft
    2018-11-01 59 days 1,918 sqft
    2018-12-01 72 days 1,899 sqft
    2019-01-01 88 days 1,878 sqft
    2019-02-01 95 days 1,816 sqft
    2019-03-01 90 days 1,844 sqft
    2019-04-01 64 days 1,890 sqft
    2019-05-01 48 days 1,969 sqft
    2019-06-01 56 days 2,016 sqft
    2019-07-01 52 days 1,980 sqft
    2019-08-01 55 days 1,967 sqft
    2019-09-01 51 days 1,949 sqft
    2019-10-01 49 days 1,924 sqft
    2019-11-01 59 days 1,917 sqft
    2019-12-01 72 days 1,937 sqft
    2020-01-01 84 days 1,933 sqft
    2020-02-01 80 days 1,932 sqft
    2020-03-01 63 days 1,960 sqft
    2020-04-01 67 days 1,910 sqft
    2020-05-01 64 days 1,932 sqft
    2020-06-01 54 days 1,920 sqft
    2020-07-01 57 days 1,905 sqft
    2020-08-01 65 days 1,820 sqft
    2020-09-01 58 days 1,833 sqft
    2020-10-01 55 days 1,898 sqft
    2020-11-01 58 days 1,830 sqft
    2020-12-01 71 days 1,737 sqft
    2021-01-01 85 days 1,751 sqft
    2021-02-01 94 days 1,731 sqft
    2021-03-01 64 days 1,790 sqft
    2021-04-01 50 days 1,914 sqft
    2021-05-01 38 days 1,864 sqft
    2021-06-01 37 days 1,862 sqft
    2021-07-01 32 days 1,836 sqft
    2021-08-01 38 days 1,711 sqft
    2021-09-01 41 days 1,622 sqft
    2021-10-01 37 days 1,658 sqft
    2021-11-01 45 days 1,610 sqft
    2021-12-01 55 days 1,591 sqft
    2022-01-01 67 days 1,550 sqft
    2022-02-01 37 days 1,687 sqft
    2022-03-01 46 days 1,744 sqft
    2022-04-01 38 days 1,730 sqft
    2022-05-01 34 days 1,793 sqft
    2022-06-01 30 days 1,920 sqft
    2022-07-01 35 days 1,877 sqft
    2022-08-01 39 days 1,895 sqft
    2022-09-01 0 days 1,882 sqft
    2022-10-01 0 days 1,977 sqft
    2022-11-01 0 days 1,916 sqft
    2022-12-01 0 days 2,098 sqft
    2023-01-01 0 days 2,139 sqft
    2023-02-01 0 days 2,135 sqft
    2023-03-01 0 days 2,239 sqft
    2023-04-01 0 days 2,352 sqft
    2023-05-01 0 days 2,096 sqft
    2023-06-01 0 days 2,167 sqft
    2023-07-01 0 days 2,072 sqft
    2023-08-01 0 days 2,100 sqft
    2023-09-01 0 days 2,062 sqft
    2023-10-01 0 days 1,981 sqft
    2023-11-01 0 days 1,845 sqft
    2023-12-01 0 days 1,822 sqft
    2024-01-01 0 days 1,809 sqft
    2024-02-01 0 days 1,844 sqft
    2024-03-01 0 days 1,884 sqft
    2024-04-01 0 days 2,045 sqft
    2024-05-01 0 days 2,026 sqft
    2024-06-01 0 days 2,092 sqft
    2024-07-01 0 days 1,976 sqft
    2024-08-01 0 days 1,980 sqft
    2024-09-01 0 days 2,013 sqft
    2024-10-01 0 days 1,990 sqft
    2024-11-01 0 days 1,912 sqft
    2024-12-01 0 days 1,820 sqft
    2025-01-01 0 days 1,839 sqft
    Sioux City's median listing age (time on market) for 2025-01-01 was 0 days.

    Sioux City's median square footage for active listings during the 2025-01-01 period was 1,839 sqft. One year prior, the average listing was 1,809 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.