Staunton VA Loans

STAUNTON, VA

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 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.

Staunton's 88 lenders originated 535 VA loans during 2021. The total origination value was $133,515,000, with an average VA loan value of $249,561.

Staunton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Staunton averaged 5.43% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.66% and one month ago for the week of 2022-04-08, the average rate was 5.18%.

The average rate one year ago was 3.3%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.41%.

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

Staunton VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Staunton level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 51 2.50% $5,164
FREEDOM MORTGAGE CORPORATION 49 2.44% $2,373
Mortgage Research Center, LLC 44 2.79% $6,408
Alcova Mortgage LLC 28 3.22% $6,914
PENNYMAC LOAN SERVICES, LLC 25 2.47% $3,943
C & F Mortgage Corporation 23 2.95% $5,935
MOVEMENT MORTGAGE, LLC 18 2.60% $5,019
NAVY FEDERAL CREDIT UNION 16 2.56% $9,952
USAA Federal Savings Bank 14 2.83% $5,246
NEW DAY FINANCIAL, LLC 12 2.65% $6,490
Integrity Home Mortgage Corp 11 2.86% $10,497
CLEARPATH LENDING 11 2.25% $4,299
LOANDEPOT.COM, LLC 9 2.47% $3,594
LAKEVIEW LOAN SERVICING, LLC 8 2.42% $2,913
Prosperity Home Mortgage, LLC 7 2.66% $4,434
UNITED WHOLESALE MORTGAGE, LLC 6 2.55% $10,489
Mr. Cooper ( Nationstar Mortgage ) 5 2.85% $4,217
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 3.00% $6,654
NEWREZ LLC 5 2.80% $6,842
George Mason Mortgage, LLC 5 2.77% $10,929
DUPONT COMMUNITY 5 3.20% $3,919
Atlantic Coast Mortgage, LLC 4 2.63% $7,925
Waterstone Mortgage Corporation 4 3.19% $11,274
AMERICAN FINANCIAL NETWORK, INC. 4 2.34% $5,724
Wells Fargo Bank 4 2.56% $2,615
The Federal Savings Bank 4 2.63% $5,262
EMBRACE HOME LOANS, INC. 4 2.38% $3,663
CALIBER HOME LOANS, INC. 4 2.75% $4,879
F & M BANK CORP. 3 2.88% $10,390
VILLAGE CAPITAL & INVESTMENT LLC 3 2.67% $2,911
PLANET HOME LENDING, LLC 3 2.42% $1,826
North American Savings Bank, F.S.B. 3 2.29% $6,050
BROKER SOLUTIONS, INC. 3 2.95% $2,552
Carrington Mortgage Services, LLC 3 3.29% $4,826
Barrington Bank & Trust Company, N.A. 3 2.66% $2,923
Mid-Continent Funding, Inc. 2 2.63% $4,012
Low VA Rates, LLC 2 2.25% $1,823
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.94% $6,575
ACCELERATE MORTGAGE, LLC 2 1.87% $8,543
Truist Bank 2 2.56% $5,015
PENTAGON FEDERAL CREDIT UNION 2 2.31% $3,174
First Heritage Mortgage, LLC 2 2.31% $14,103
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.56% $5,261
UNION HOME MORTGAGE CORP. 1 3.38% $3,616
U.S. Bank 1 2.63% $1,891
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $3,749
Advance Financial Group, LLC 1 2.75% $16,320
AmeriHome Mortgage Company, LLC 1 2.63% $805
AMERISAVE MORTGAGE CORPORATION 1 3.00% $14,826
Atlantic Union Bank 1 2.88% $4,545
BAYSHORE MORTGAGE FUNDING, LLC 1 2.25% $1,753
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.63% $11,220
CBM Mortgage, Inc. 1 2.88% $7,645
C&F Select LLC 1 2.50% $3,707
CityWorth Mortgage LLC 1 2.88% $525
CONTOUR MORTGAGE CORPORATION 1 2.75% $5,682
Dollar Bank, Federal Savings Bank 1 2.50% $6,640
EQUITY RESOURCES, INC. 1 2.63% $2,456
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.75% $3,852
FBC MORTGAGE, LLC 1 2.88% $3,047
FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $13,089
First Savings Bank 1 3.13% $6,305
Flagstar Bank, FSB 1 2.25% $3,833
F&M Bank 1 2.50% $8,211
Fulton Bank 1 3.50% $7,014
GoPrime Mortgage, Inc. 1 3.88% $4,251
GUARANTEED RATE, INC. 1 2.50% $1,079
GUILD MORTGAGE COMPANY 1 2.75% $8,258
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $701
HOME POINT FINANCIAL CORPORATION 1 2.63% $14,227
HOMESIDE FINANCIAL, LLC 1 2.25% $0
HOMESPIRE MORTGAGE CORPORATION 1 2.88% $24,727
Hometown Lenders, Inc. 1 3.25% $629
INTERCOASTAL MORTGAGE COMPANY 1 2.50% $6,153
Lakeview Community Capital, LLC 1 2.50% $2,450
MID AMERICA MORTGAGE, INC. 1 1.99% $1,275
Nations Lending Corporation 1 3.25% $9,374
NATIONS RELIABLE LENDING, LLC 1 3.25% $17,926
NFM, INC. 1 3.13% $4,047
Northpointe Bank 1 2.88% $409
NP, Inc. 1 2.25% $2,917
PNC Bank 1 3.00% $3,485
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.63% $3,567
RELIANCE FIRST CAPITAL, LLC 1 3.38% $4,367
Renasant Bank 1 3.25% $34,639
RESIDENTIAL MORTGAGE SERVICES, INC. 1 3.13% $11,090
TJC Mortgage, Inc. 1 1.75% $8,127
Towne Bank 1 2.38% $2,822

The top Staunton VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 51 VA loans originated. Their average total fees are $5,164, which is $2,791 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Staunton VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,373), PENNYMAC LOAN SERVICES, LLC ($3,943), CLEARPATH LENDING ($4,299), MOVEMENT MORTGAGE, LLC ($5,019) and QUICKEN LOANS, LLC ($5,164).

The lowest rate Staunton VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.25%), FREEDOM MORTGAGE CORPORATION (2.44%), PENNYMAC LOAN SERVICES, LLC (2.47%), QUICKEN LOANS, LLC (2.50%) and NAVY FEDERAL CREDIT UNION (2.56%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Staunton (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 $229,900 (8.2%) $298,127 (10.4%) 0.00 478
2018-02-01 $229,900 (5.8%) $300,386 (10.6%) 0.00 463
2018-03-01 $229,900 (4.5%) $300,738 (11.2%) 0.00 449
2018-04-01 $232,000 (2.0%) $308,403 (10.5%) 0.00 443
2018-05-01 $239,800 (2.1%) $309,399 (10.7%) 0.00 469
2018-06-01 $239,000 (1.7%) $313,628 (11.2%) 0.00 475
2018-07-01 $242,500 (3.2%) $326,842 (15.6%) 0.00 464
2018-08-01 $249,450 (6.3%) $326,369 (17.4%) 0.00 469
2018-09-01 $249,000 (8.3%) $323,457 (15.1%) 0.00 466
2018-10-01 $249,900 (6.4%) $327,839 (12.9%) 0.00 448
2018-11-01 $249,900 (8.7%) $328,878 (14.2%) 0.00 417
2018-12-01 $240,000 (4.4%) $321,595 (11.8%) 0.00 391
2019-01-01 $239,950 (4.4%) $325,673 (9.2%) 0.00 372
2019-02-01 $241,250 (4.9%) $326,451 (8.7%) 0.00 351
2019-03-01 $258,523 (12.5%) $339,961 (13.0%) 0.00 352
2019-04-01 $272,450 (17.4%) $345,037 (11.9%) 0.00 386
2019-05-01 $289,450 (20.7%) $342,919 (10.8%) 0.00 413
2019-06-01 $267,900 (12.1%) $325,052 (3.6%) 0.00 427
2019-07-01 $258,950 (6.8%) $322,405 (-1.4%) 0.00 436
2019-08-01 $260,943 (4.6%) $314,422 (-3.7%) 0.00 427
2019-09-01 $261,993 (5.2%) $308,935 (-4.5%) 0.00 416
2019-10-01 $265,000 (6.0%) $313,018 (-4.5%) 0.00 415
2019-11-01 $269,900 (8.0%) $308,400 (-6.2%) 0.00 378
2019-12-01 $269,495 (12.3%) $314,411 (-2.2%) 0.00 357
2020-01-01 $280,950 (17.1%) $326,461 (0.2%) 0.00 318
2020-02-01 $279,900 (16.0%) $341,880 (4.7%) 0.00 297
2020-03-01 $289,900 (12.1%) $349,032 (2.7%) 0.00 289
2020-04-01 $285,000 (4.6%) $348,079 (0.9%) 0.00 505
2020-05-01 $287,500 (-0.7%) $354,929 (3.5%) 0.00 453
2020-06-01 $305,500 (14.0%) $351,754 (8.2%) 0.00 377
2020-07-01 $322,400 (24.5%) $364,338 (13.0%) 0.00 368
2020-08-01 $324,900 (24.5%) $367,926 (17.0%) 0.00 341
2020-09-01 $326,950 (24.8%) $387,509 (25.4%) 0.00 378
2020-10-01 $310,000 (17.0%) $371,231 (18.6%) 0.00 392
2020-11-01 $294,500 (9.1%) $362,103 (17.4%) 0.00 357
2020-12-01 $290,000 (7.6%) $364,418 (15.9%) 0.00 313
2021-01-01 $279,900 (-0.4%) $356,623 (9.2%) 0.00 295
2021-02-01 $284,498 (1.6%) $363,983 (6.5%) 0.00 245
2021-03-01 $285,600 (-1.5%) $361,422 (3.6%) 0.00 218
2021-04-01 $282,450 (-0.9%) $361,228 (3.8%) 0.00 202
2021-05-01 $270,000 (-6.1%) $351,973 (-0.8%) 0.00 226
2021-06-01 $310,000 (1.5%) $391,067 (11.2%) 0.00 219
2021-07-01 $307,500 (-4.6%) $395,143 (8.5%) 0.00 287
2021-08-01 $274,450 (-15.5%) $425,965 (15.8%) 0.00 308
2021-09-01 $279,900 (-14.4%) $427,934 (10.4%) 0.00 309
2021-10-01 $299,900 (-3.3%) $451,073 (21.5%) 0.00 314
2021-11-01 $299,950 (1.9%) $448,973 (24.0%) 0.00 315
2021-12-01 $309,000 (6.6%) $463,105 (27.1%) 0.00 277
2022-01-01 $309,900 (10.7%) $473,484 (32.8%) 0.00 238
2022-02-01 $322,450 (13.3%) $502,813 (38.1%) 0.00 218
2022-03-01 $325,950 (14.1%) $486,015 (34.5%) 0.00 210
2022-04-01 $312,500 (10.6%) $457,679 (26.7%) 0.00 232
Staunton's median listing price for 2022-04-01 was $312,500, a difference of $30,050 (10.6%) versus the prior year and $-13,450 versus the prior month.

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

Staunton's average listing price for 2022-04-01 was $457,679, a difference of $96,451 (26.7%) versus the prior year and $-28,336 versus the prior month.

For the 2022-04-01 period, Staunton had 232 MLS listings, a difference of 22 listings (10%) versus the prior month and 30 listings (15%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Staunton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,998 sqft
2018-02-01 0 days 1,963 sqft
2018-03-01 0 days 1,998 sqft
2018-04-01 0 days 1,975 sqft
2018-05-01 0 days 1,991 sqft
2018-06-01 0 days 1,992 sqft
2018-07-01 0 days 2,016 sqft
2018-08-01 0 days 2,075 sqft
2018-09-01 0 days 2,078 sqft
2018-10-01 0 days 2,073 sqft
2018-11-01 0 days 2,047 sqft
2018-12-01 0 days 2,000 sqft
2019-01-01 0 days 1,986 sqft
2019-02-01 0 days 1,959 sqft
2019-03-01 0 days 1,992 sqft
2019-04-01 0 days 2,064 sqft
2019-05-01 0 days 2,125 sqft
2019-06-01 0 days 2,043 sqft
2019-07-01 0 days 2,012 sqft
2019-08-01 0 days 2,000 sqft
2019-09-01 0 days 1,988 sqft
2019-10-01 0 days 2,000 sqft
2019-11-01 0 days 2,000 sqft
2019-12-01 0 days 2,000 sqft
2020-01-01 0 days 2,000 sqft
2020-02-01 0 days 2,055 sqft
2020-03-01 0 days 2,080 sqft
2020-04-01 0 days 2,080 sqft
2020-05-01 0 days 2,100 sqft
2020-06-01 0 days 2,171 sqft
2020-07-01 0 days 2,223 sqft
2020-08-01 0 days 2,219 sqft
2020-09-01 0 days 2,139 sqft
2020-10-01 0 days 2,084 sqft
2020-11-01 0 days 2,115 sqft
2020-12-01 0 days 2,038 sqft
2021-01-01 0 days 1,962 sqft
2021-02-01 0 days 1,954 sqft
2021-03-01 0 days 1,962 sqft
2021-04-01 0 days 1,928 sqft
2021-05-01 0 days 1,981 sqft
2021-06-01 0 days 1,990 sqft
2021-07-01 0 days 1,957 sqft
2021-08-01 0 days 1,833 sqft
2021-09-01 0 days 1,811 sqft
2021-10-01 0 days 1,992 sqft
2021-11-01 0 days 1,922 sqft
2021-12-01 0 days 1,928 sqft
2022-01-01 0 days 1,881 sqft
2022-02-01 0 days 1,924 sqft
2022-03-01 0 days 1,910 sqft
2022-04-01 0 days 1,790 sqft
Staunton's median listing age (time on market) for 2022-04-01 was 0 days.

Staunton's median square footage for active listings during the 2022-04-01 period was 1,790 sqft. One year prior, the average listing was 1,928 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.