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 52 lenders originated 172 VA loans during 2023. The total origination value was $49,230,000, with an average VA loan value of $286,221.

St. Cloud VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in St. Cloud averaged 6.44% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

St. Cloud's average VA mortgage closing costs are $4,635.

The average rate for the prior week (2024-07-05) was 6.56% and one month ago for the week of 2024-06-07, the average rate was 6.47%.

The average rate one year ago was 6.75%.

For refis of the same type during the week of 2024-07-12, the average rate was 7.23%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 39 6.73% $6,069
UNITED WHOLESALE MORTGAGE, LLC 11 6.44% $3,708
QUICKEN LOANS, LLC 7 6.39% $10,590
PLAZA HOME MORTGAGE, INC. 6 6.37% $7,005
GUARANTEED RATE AFFINITY, LLC 5 6.25% $10,596
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.40% $7,379
NAVY FEDERAL CREDIT UNION 5 5.80% $5,699
BROKER SOLUTIONS, INC. 5 6.95% $10,494
PENNYMAC LOAN SERVICES, LLC 5 5.53% $6,637
ST. CLOUD FINANCIAL 4 6.22% $7,582
NEWREZ LLC 4 6.28% $8,312
Wells Fargo Bank 3 6.42% $2,842
American Mortgage & Equity Consultants, Inc. 3 7.08% $6,558
CROSSCOUNTRY MORTGAGE, LLC 3 6.16% $6,155
EVERETT FINANCIAL, INC. 3 6.25% $7,513
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.92% $9,236
Bell Bank 3 6.71% $12,394
FREEDOM MORTGAGE CORPORATION 3 6.33% $18,085
USAA Federal Savings Bank 3 5.92% $9,378
LOANDEPOT.COM, LLC 3 6.71% $11,422
NEW DAY FINANCIAL, LLC 2 7.74% $12,713
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.75% $9,872
Bremer Bank 2 6.69% $8,598
CALIBER HOME LOANS, INC. 2 6.50% $6,871
CARDINAL FINANCIAL 2 6.00% $24,363
CRESCENT MORTGAGE COMPANY 2 6.44% $1,081
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.44% $7,436
Prosperity Home Mortgage, LLC 2 5.88% $8,435
The Federal Savings Bank 2 6.19% $15,699
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 2 5.88% $7,217
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $6,483
Neighborhood Loans, Inc. 1 7.13% $14,944
GUILD MORTGAGE COMPANY 1 5.13% $11,615
GUARANTEED RATE, INC. 1 5.73% $14,466
NFM, INC. 1 6.88% $6,565
Northpointe Bank 1 6.75% $3,643
Old National Bank 1 5.13% $4,344
Paramount Residential Mortgage Group, Inc. 1 7.50% $3,053
DATA MORTGAGE, INC. 1 6.63% $13,090
CMG MORTGAGE, INC. 1 5.75% $20,672
AMERISAVE MORTGAGE CORPORATION 1 5.50% $14,043
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $9,219
BAY EQUITY LLC 1 5.50% $12,181
Armed Forces Bank 1 5.75% $6,164
VILLAGE CAPITAL MORTGAGE 1 6.13% $25,578
The Huntington National Bank 1 7.75% $2,993
The Loan Store, Inc. 1 6.75% $6,646
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $8,603
MASON MCDUFFIE MORTGAGE CORPORATION 1 7.13% $12,552
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $17,599
MOVEMENT MORTGAGE, LLC 1 6.63% $7,533
Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $11,969

The top St. Cloud VA lender as defined by loan originations is Mortgage Research Center, LLC, with 39 VA loans originated. Their average total fees are $6,069, which is $2,361 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee St. Cloud VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($3,708), Mortgage Research Center, LLC ($6,069), .

The lowest rate St. Cloud VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.44%), Mortgage Research Center, LLC (6.73%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. Cloud (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 $212,975 (8.0%) $249,381 (4.2%) 0.79 510
2018-02-01 $217,675 (0.1%) $259,815 (3.1%) 0.79 527
2018-03-01 $224,900 (0.0%) $270,566 (2.0%) 0.79 541
2018-04-01 $249,950 (12.3%) $286,099 (8.2%) 0.85 545
2018-05-01 $249,950 (13.7%) $291,671 (11.4%) 0.83 611
2018-06-01 $254,900 (18.3%) $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 (13.4%) 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 (11.2%) 0.84 655
2018-11-01 $229,950 (10.0%) $273,979 (8.4%) 0.78 620
2018-12-01 $229,948 (9.5%) $275,031 (8.9%) 0.79 534
2019-01-01 $232,400 (9.1%) $276,566 (10.9%) 0.80 469
2019-02-01 $236,950 (8.9%) $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 $245,875 (-1.0%) $284,921 (-2.3%) 0.77 739
2019-08-01 $235,318 (-4.8%) $276,272 (-4.6%) 0.75 760
2019-09-01 $232,270 (-3.2%) $270,958 (-4.8%) 0.74 739
2019-10-01 $229,950 (-7.0%) $267,267 (-6.0%) 0.74 724
2019-11-01 $229,900 (0.0%) $267,039 (-2.5%) 0.75 670
2019-12-01 $232,000 (0.9%) $268,986 (-2.2%) 0.77 547
2020-01-01 $229,925 (-1.1%) $266,935 (-3.5%) 0.77 488
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 (9.5%) $310,786 (9.1%) 0.78 498
2020-08-01 $258,950 (10.0%) $307,415 (11.3%) 0.74 471
2020-09-01 $266,175 (14.6%) $316,149 (16.7%) 0.76 462
2020-10-01 $259,400 (12.8%) $312,681 (17.0%) 0.74 447
2020-11-01 $252,450 (9.8%) $307,738 (15.2%) 0.74 350
2020-12-01 $250,725 (8.1%) $311,778 (15.9%) 0.75 293
2021-01-01 $249,950 (8.7%) $317,645 (19.0%) 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%) 0.81 302
2023-09-01 $349,000 (5.8%) $404,167 (6.2%) 0.81 323
2023-10-01 $329,125 (-1.8%) $387,745 (-0.4%) 0.77 348
2023-11-01 $316,675 (-2.6%) $378,485 (-0.3%) 0.75 340
2023-12-01 $319,900 (-1.6%) $377,852 (-1.8%) 0.78 301
2024-01-01 $323,750 (-3.7%) $379,122 (-2.0%) 0.79 246
2024-02-01 $334,925 (-5.6%) $388,519 (-1.1%) 0.81 235
2024-03-01 $350,000 (-2.1%) $418,496 (3.2%) 0.82 266
2024-04-01 $373,675 (-0.3%) $429,448 (2.9%) 0.87 291
2024-05-01 $384,925 (4.4%) $441,484 (2.4%) 0.87 315
2024-06-01 $380,000 (7.1%) $443,679 (7.4%) 0.85 338
St. Cloud's median listing price for 2024-06-01 was $380,000, a difference of $25,025 (7.1%) versus the prior year and $-4,925 versus the prior month.

St. Cloud's median listing price comes in at 85% of the national average.

St. Cloud's average listing price for 2024-06-01 was $443,679, a difference of $30,596 (7.4%) versus the prior year and $2,195 versus the prior month.

For the 2024-06-01 period, St. Cloud had 338 MLS listings, a difference of 23 listings (7%) versus the prior month and 62 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. Cloud (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 88 days 1,815 sqft
2018-02-01 65 days 1,871 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 1,983 sqft
2019-08-01 54 days 1,975 sqft
2019-09-01 64 days 1,951 sqft
2019-10-01 70 days 1,926 sqft
2019-11-01 77 days 1,931 sqft
2019-12-01 89 days 1,959 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 1,900 sqft
2021-01-01 69 days 1,848 sqft
2021-02-01 47 days 1,905 sqft
2021-03-01 39 days 1,923 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 2,065 sqft
2022-10-01 46 days 2,060 sqft
2022-11-01 57 days 1,978 sqft
2022-12-01 71 days 1,945 sqft
2023-01-01 78 days 1,873 sqft
2023-02-01 73 days 2,002 sqft
2023-03-01 44 days 2,131 sqft
2023-04-01 44 days 2,061 sqft
2023-05-01 34 days 2,010 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
2023-09-01 46 days 2,079 sqft
2023-10-01 45 days 2,007 sqft
2023-11-01 53 days 1,953 sqft
2023-12-01 66 days 1,868 sqft
2024-01-01 62 days 1,936 sqft
2024-02-01 59 days 2,013 sqft
2024-03-01 36 days 2,019 sqft
2024-04-01 38 days 2,135 sqft
2024-05-01 30 days 2,114 sqft
2024-06-01 32 days 2,128 sqft
St. Cloud's median listing age (time on market) for 2024-06-01 was 32 days. This is 7% longer than the same period one year ago.

St. Cloud's median square footage for active listings during the 2024-06-01 period was 2,128 sqft. One year prior, the average listing was 2,036 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.