St. Cloud VA Loan Rates, Closing Costs & Stats

ST. CLOUD, MN

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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.

    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 6.46% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.59% and one month ago for the week of 2024-11-08, the average rate was 6.59%.

    The average rate one year ago was 7.04%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.65%.

    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 $379,900 (7.0%) $443,612 (7.4%) 0.85 338
    2024-07-01 $361,500 (1.1%) $427,078 (4.1%) 0.83 346
    2024-08-01 $359,000 (1.2%) $416,384 (2.6%) 0.83 380
    2024-09-01 $339,900 (-2.6%) $409,565 (1.3%) 0.80 415
    2024-10-01 $329,900 (0.2%) $405,872 (4.7%) 0.78 403
    2024-11-01 $326,000 (2.9%) $399,927 (5.7%) 0.78 368
    St. Cloud's median listing price for 2024-11-01 was $326,000, a difference of $9,325 (2.9%) versus the prior year and $-3,900 versus the prior month.

    St. Cloud's median listing price comes in at 78% of the national average.

    St. Cloud's average listing price for 2024-11-01 was $399,927, a difference of $21,442 (5.7%) versus the prior year and $-5,945 versus the prior month.

    For the 2024-11-01 period, St. Cloud had 368 MLS listings, a difference of -35 listings (-9%) versus the prior month and 28 listings (8%) 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 2,121 sqft
    2024-07-01 44 days 2,123 sqft
    2024-08-01 40 days 2,032 sqft
    2024-09-01 44 days 2,043 sqft
    2024-10-01 49 days 2,002 sqft
    2024-11-01 58 days 1,980 sqft
    St. Cloud's median listing age (time on market) for 2024-11-01 was 58 days. This is 9% longer than the same period one year ago.

    St. Cloud's median square footage for active listings during the 2024-11-01 period was 1,980 sqft. One year prior, the average listing was 1,953 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.