St. Cloud VA Loan Rates, Closing Costs & Stats
ST. CLOUD, MN
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.
St. Cloud's 62 lenders originated 280 VA loans during 2022. The total origination value was $72,160,000, with an average VA loan value of $257,714.
St. Cloud VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in St. Cloud
averaged
6.67%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
St. Cloud's average VA mortgage closing costs are $4,343.
The average rate for the prior week (2023-09-15) was
6.65% and
one month ago for the week of 2023-08-18, the
average rate was 7.03%.
The average rate one year ago was 5.49%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.84%.
St. Cloud 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 St. Cloud level.
The top St. Cloud VA lender as defined by loan originations is Mortgage Research Center, LLC, with
48 VA loans originated. Their average total fees are
$6,174, which is $3,112
lower than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee St. Cloud VA lenders (with over 10 loans originated) are
USAA Federal Savings Bank ($5,349), UNITED WHOLESALE MORTGAGE, LLC ($6,158), Mortgage Research Center, LLC ($6,174), QUICKEN LOANS, LLC ($6,440) and HOME POINT FINANCIAL CORPORATION ($6,772).
The lowest rate St. Cloud VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (3.70%), USAA Federal Savings Bank (4.09%), FREEDOM MORTGAGE CORPORATION (4.29%), HOME POINT FINANCIAL CORPORATION (4.55%) and UNITED WHOLESALE MORTGAGE, LLC (4.98%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. Cloud (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $212,475 (7.9%) | $249,326 (4.2%) | 0.79 | 509 |
2018-02-01 | $217,450 (0.3%) | $259,779 (3.2%) | 0.79 | 526 |
2018-03-01 | $224,900 (0.0%) | $270,550 (2.0%) | 0.79 | 541 |
2018-04-01 | $249,950 (13.0%) | $286,099 (8.3%) | 0.85 | 545 |
2018-05-01 | $249,950 (13.7%) | $291,671 (11.5%) | 0.83 | 611 |
2018-06-01 | $254,900 (18.4%) | $293,414 (12.8%) | 0.85 | 619 |
2018-07-01 | $248,350 (18.3%) | $291,583 (13.7%) | 0.83 | 651 |
2018-08-01 | $247,200 (17.7%) | $289,484 (13.5%) | 0.83 | 642 |
2018-09-01 | $240,000 (14.3%) | $284,748 (11.4%) | 0.81 | 653 |
2018-10-01 | $247,175 (17.8%) | $284,223 (11.3%) | 0.84 | 655 |
2018-11-01 | $229,950 (10.1%) | $273,979 (8.4%) | 0.78 | 620 |
2018-12-01 | $229,948 (9.5%) | $275,031 (9.0%) | 0.79 | 534 |
2019-01-01 | $232,400 (9.4%) | $276,566 (10.9%) | 0.80 | 469 |
2019-02-01 | $236,950 (9.0%) | $278,034 (7.0%) | 0.80 | 463 |
2019-03-01 | $244,186 (8.6%) | $286,589 (5.9%) | 0.80 | 515 |
2019-04-01 | $249,186 (-0.3%) | $290,251 (1.5%) | 0.79 | 597 |
2019-05-01 | $249,900 (0.0%) | $285,905 (-2.0%) | 0.78 | 679 |
2019-06-01 | $249,900 (-2.0%) | $286,802 (-2.3%) | 0.78 | 715 |
2019-07-01 | $245,375 (-1.2%) | $284,720 (-2.4%) | 0.77 | 738 |
2019-08-01 | $234,336 (-5.2%) | $276,061 (-4.6%) | 0.74 | 759 |
2019-09-01 | $231,841 (-3.4%) | $270,736 (-4.9%) | 0.74 | 738 |
2019-10-01 | $229,950 (-7.0%) | $267,032 (-6.1%) | 0.74 | 723 |
2019-11-01 | $229,900 (0.0%) | $266,766 (-2.6%) | 0.75 | 669 |
2019-12-01 | $231,950 (0.9%) | $268,696 (-2.3%) | 0.77 | 546 |
2020-01-01 | $229,925 (-1.1%) | $266,773 (-3.5%) | 0.77 | 487 |
2020-02-01 | $250,000 (5.5%) | $287,535 (3.4%) | 0.82 | 495 |
2020-03-01 | $269,900 (10.5%) | $300,822 (5.0%) | 0.85 | 500 |
2020-04-01 | $267,950 (7.5%) | $303,831 (4.7%) | 0.84 | 529 |
2020-05-01 | $269,900 (8.0%) | $304,052 (6.4%) | 0.82 | 564 |
2020-06-01 | $271,425 (8.6%) | $310,306 (8.2%) | 0.80 | 539 |
2020-07-01 | $269,325 (9.8%) | $310,786 (9.2%) | 0.78 | 498 |
2020-08-01 | $258,950 (10.5%) | $307,415 (11.4%) | 0.74 | 471 |
2020-09-01 | $266,175 (14.8%) | $316,149 (16.8%) | 0.76 | 462 |
2020-10-01 | $259,400 (12.8%) | $312,681 (17.1%) | 0.74 | 447 |
2020-11-01 | $252,450 (9.8%) | $307,738 (15.4%) | 0.74 | 350 |
2020-12-01 | $250,725 (8.1%) | $311,778 (16.0%) | 0.75 | 293 |
2021-01-01 | $249,950 (8.7%) | $317,645 (19.1%) | 0.75 | 239 |
2021-02-01 | $272,450 (9.0%) | $350,784 (22.0%) | 0.79 | 221 |
2021-03-01 | $297,396 (10.2%) | $367,540 (22.2%) | 0.84 | 215 |
2021-04-01 | $297,450 (11.0%) | $355,863 (17.1%) | 0.81 | 217 |
2021-05-01 | $299,900 (11.1%) | $368,103 (21.1%) | 0.80 | 219 |
2021-06-01 | $284,925 (5.0%) | $347,958 (12.1%) | 0.75 | 294 |
2021-07-01 | $293,450 (9.0%) | $351,267 (13.0%) | 0.77 | 332 |
2021-08-01 | $289,950 (12.0%) | $344,650 (12.1%) | 0.77 | 355 |
2021-09-01 | $295,950 (11.2%) | $342,646 (8.4%) | 0.79 | 360 |
2021-10-01 | $284,950 (9.9%) | $332,022 (6.2%) | 0.76 | 363 |
2021-11-01 | $293,450 (16.2%) | $334,994 (8.9%) | 0.78 | 295 |
2021-12-01 | $299,900 (19.6%) | $347,124 (11.3%) | 0.81 | 242 |
2022-01-01 | $315,000 (26.0%) | $360,734 (13.6%) | 0.85 | 179 |
2022-02-01 | $322,900 (18.5%) | $380,050 (8.3%) | 0.84 | 153 |
2022-03-01 | $329,950 (11.0%) | $399,942 (8.8%) | 0.83 | 154 |
2022-04-01 | $349,900 (17.6%) | $407,909 (14.6%) | 0.83 | 189 |
2022-05-01 | $339,650 (13.3%) | $406,284 (10.4%) | 0.78 | 240 |
2022-06-01 | $328,450 (15.3%) | $386,778 (11.2%) | 0.73 | 302 |
2022-07-01 | $325,000 (10.8%) | $381,650 (8.7%) | 0.73 | 311 |
2022-08-01 | $335,900 (15.9%) | $388,510 (12.7%) | 0.78 | 308 |
2022-09-01 | $329,925 (11.5%) | $380,471 (11.0%) | 0.77 | 320 |
2022-10-01 | $335,000 (17.6%) | $389,410 (17.3%) | 0.79 | 312 |
2022-11-01 | $325,000 (10.8%) | $379,659 (13.3%) | 0.78 | 286 |
2022-12-01 | $325,000 (8.4%) | $384,662 (10.8%) | 0.80 | 242 |
2023-01-01 | $336,150 (6.7%) | $386,875 (7.3%) | 0.83 | 208 |
2023-02-01 | $354,925 (9.9%) | $392,884 (3.4%) | 0.86 | 198 |
2023-03-01 | $357,650 (8.4%) | $405,380 (1.4%) | 0.84 | 202 |
2023-04-01 | $374,900 (7.1%) | $417,215 (2.3%) | 0.87 | 210 |
2023-05-01 | $368,650 (8.5%) | $431,155 (6.1%) | 0.84 | 244 |
2023-06-01 | $354,975 (8.1%) | $413,083 (6.8%) | 0.80 | 276 |
2023-07-01 | $357,450 (10.0%) | $410,184 (7.5%) | 0.81 | 295 |
2023-08-01 | $354,900 (5.7%) | $405,962 (4.5%) | 0.82 | 302 |
St. Cloud's median listing price comes in at 82% of the national average.
St. Cloud's average listing price for 2023-08-01 was $405,962, a difference of $17,452 (4.5%) versus the prior year and $-4,222 versus the prior month.
For the 2023-08-01 period, St. Cloud had 302 MLS listings, a difference of 7 listings (2%) versus the prior month and -6 listings (-2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - St. Cloud (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 88 days | 1,817 sqft |
2018-02-01 | 65 days | 1,872 sqft |
2018-03-01 | 54 days | 1,900 sqft |
2018-04-01 | 52 days | 1,999 sqft |
2018-05-01 | 46 days | 2,016 sqft |
2018-06-01 | 45 days | 2,041 sqft |
2018-07-01 | 51 days | 2,047 sqft |
2018-08-01 | 57 days | 2,045 sqft |
2018-09-01 | 57 days | 2,044 sqft |
2018-10-01 | 55 days | 2,003 sqft |
2018-11-01 | 61 days | 1,947 sqft |
2018-12-01 | 80 days | 1,851 sqft |
2019-01-01 | 87 days | 1,850 sqft |
2019-02-01 | 78 days | 1,841 sqft |
2019-03-01 | 59 days | 1,902 sqft |
2019-04-01 | 39 days | 2,003 sqft |
2019-05-01 | 38 days | 1,968 sqft |
2019-06-01 | 42 days | 1,974 sqft |
2019-07-01 | 47 days | 1,984 sqft |
2019-08-01 | 55 days | 1,976 sqft |
2019-09-01 | 64 days | 1,949 sqft |
2019-10-01 | 70 days | 1,925 sqft |
2019-11-01 | 77 days | 1,928 sqft |
2019-12-01 | 89 days | 1,958 sqft |
2020-01-01 | 86 days | 1,968 sqft |
2020-02-01 | 75 days | 2,043 sqft |
2020-03-01 | 51 days | 2,105 sqft |
2020-04-01 | 46 days | 2,101 sqft |
2020-05-01 | 47 days | 2,071 sqft |
2020-06-01 | 46 days | 2,063 sqft |
2020-07-01 | 48 days | 2,055 sqft |
2020-08-01 | 47 days | 2,128 sqft |
2020-09-01 | 45 days | 2,109 sqft |
2020-10-01 | 47 days | 2,025 sqft |
2020-11-01 | 55 days | 1,929 sqft |
2020-12-01 | 66 days | 1,901 sqft |
2021-01-01 | 69 days | 1,849 sqft |
2021-02-01 | 47 days | 1,905 sqft |
2021-03-01 | 39 days | 1,926 sqft |
2021-04-01 | 32 days | 1,920 sqft |
2021-05-01 | 35 days | 1,957 sqft |
2021-06-01 | 30 days | 1,916 sqft |
2021-07-01 | 34 days | 1,952 sqft |
2021-08-01 | 35 days | 1,945 sqft |
2021-09-01 | 39 days | 1,934 sqft |
2021-10-01 | 43 days | 1,909 sqft |
2021-11-01 | 50 days | 1,931 sqft |
2021-12-01 | 60 days | 1,946 sqft |
2022-01-01 | 77 days | 1,911 sqft |
2022-02-01 | 58 days | 2,212 sqft |
2022-03-01 | 33 days | 2,217 sqft |
2022-04-01 | 23 days | 2,256 sqft |
2022-05-01 | 21 days | 2,103 sqft |
2022-06-01 | 29 days | 2,053 sqft |
2022-07-01 | 39 days | 2,100 sqft |
2022-08-01 | 39 days | 2,124 sqft |
2022-09-01 | 46 days | 2,067 sqft |
2022-10-01 | 46 days | 2,064 sqft |
2022-11-01 | 57 days | 1,982 sqft |
2022-12-01 | 71 days | 1,945 sqft |
2023-01-01 | 78 days | 1,870 sqft |
2023-02-01 | 73 days | 2,002 sqft |
2023-03-01 | 44 days | 2,134 sqft |
2023-04-01 | 44 days | 2,061 sqft |
2023-05-01 | 34 days | 2,009 sqft |
2023-06-01 | 30 days | 2,036 sqft |
2023-07-01 | 37 days | 2,028 sqft |
2023-08-01 | 46 days | 2,052 sqft |
St. Cloud's median square footage for active listings during the 2023-08-01 period was 2,052 sqft. One year prior, the average listing was 2,124 sqft.