Staunton VA Loan Rates, Closing Costs & Stats

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 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.

Staunton's 43 lenders originated 138 VA loans during 2023. The total origination value was $46,030,000, with an average VA loan value of $333,551.

Staunton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Staunton averaged 6.69% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

Staunton's average VA mortgage closing costs are $6,147.

The average rate for the prior week (2024-07-05) was 6.7% and one month ago for the week of 2024-06-07, the average rate was 6.52%.

The average rate one year ago was 7.09%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.97%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Staunton level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 28 6.74% $4,845
QUICKEN LOANS, LLC 12 5.89% $17,653
NAVY FEDERAL CREDIT UNION 9 5.74% $6,465
UNITED WHOLESALE MORTGAGE, LLC 7 5.81% $11,498
PENNYMAC LOAN SERVICES, LLC 7 5.34% $9,531
NEW DAY FINANCIAL, LLC 4 7.09% $9,164
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 6.56% $10,787
NVR Mortgage Finance, Inc. 3 5.92% $5,700
Alcova Mortgage LLC 3 7.25% $11,814
MOVEMENT MORTGAGE, LLC 3 5.71% $6,547
UNION HOME MORTGAGE CORP. 3 7.29% $10,961
C & F Mortgage Corporation 3 6.96% $12,092
The Federal Savings Bank 3 6.88% $18,655
USAA Federal Savings Bank 3 6.29% $11,351
Barrington Bank & Trust Company, N.A. 2 6.69% $8,068
AMERICAN FINANCING CORPORATION 2 5.63% $22,348
Atlantic Coast Mortgage, LLC 2 6.75% $5,926
EMBRACE HOME LOANS, INC. 2 7.06% $8,367
First Heritage Mortgage, LLC 2 6.00% $21,197
FREEDOM MORTGAGE CORPORATION 2 6.56% $20,927
GUARANTEED RATE, INC. 2 6.44% $4,591
Mr. Cooper ( Nationstar Mortgage ) 2 6.19% $16,910
NFM, INC. 2 7.31% $11,101
Nations Lending Corporation 1 5.25% $9,295
Mid-Continent Funding, Inc. 1 6.49% $6,453
Hancock Whitney Bank 1 5.38% $15,213
Wells Fargo Bank 1 6.25% $7,573
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $1,538
DHI MORTGAGE COMPANY, LTD. 1 5.50% $15,305
PLANET HOME LENDING, LLC 1 5.88% $6,477
Presidential Bank, FSB 1 5.75% $12,939
Prosperity Home Mortgage, LLC 1 7.12% $2,897
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $0
RELIANCE FIRST CAPITAL, LLC 1 5.88% $17,544
Renasant Bank 1 6.50% $17,299
SUN WEST MORTGAGE COMPANY, INC. 1 5.63% $21,978
CMG MORTGAGE, INC. 1 5.25% $15,954
Truist 1 5.50% $6,366
CARDINAL FINANCIAL 1 5.75% $19,568
Blue Ridge Bank 1 5.99% $3,284
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $511
MILEND, INC. 1 6.63% $11,906
Waterstone Mortgage Corporation 1 6.63% $26,512

The top Staunton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $4,845, which is $12,808 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Staunton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,845), QUICKEN LOANS, LLC ($17,653), .

The lowest rate Staunton VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.89%), Mortgage Research Center, LLC (6.74%), .


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 $230,450 (7.5%) $296,335 (11.4%) 0.00 478
2018-02-01 $231,050 (5.5%) $301,950 (12.1%) 0.00 458
2018-03-01 $234,900 (6.3%) $307,715 (14.5%) 0.00 445
2018-04-01 $233,950 (1.8%) $308,724 (11.4%) 0.00 447
2018-05-01 $239,900 (2.1%) $311,654 (11.3%) 0.00 476
2018-06-01 $239,900 (2.1%) $321,024 (13.7%) 0.00 487
2018-07-01 $247,500 (5.4%) $333,481 (17.3%) 0.00 468
2018-08-01 $249,900 (6.4%) $332,085 (18.1%) 0.00 477
2018-09-01 $249,900 (8.7%) $331,836 (17.8%) 0.00 473
2018-10-01 $250,000 (6.4%) $334,131 (14.6%) 0.00 452
2018-11-01 $249,900 (6.3%) $334,827 (15.0%) 0.00 420
2018-12-01 $240,000 (3.0%) $326,868 (13.4%) 0.00 396
2019-01-01 $242,500 (5.2%) $330,794 (11.6%) 0.00 376
2019-02-01 $247,000 (6.9%) $329,170 (9.0%) 0.00 350
2019-03-01 $261,764 (11.4%) $345,644 (12.3%) 0.00 353
2019-04-01 $282,475 (20.7%) $355,020 (15.0%) 0.00 383
2019-05-01 $292,400 (21.9%) $351,225 (12.7%) 0.00 408
2019-06-01 $274,000 (14.2%) $336,731 (4.9%) 0.00 436
2019-07-01 $260,684 (5.3%) $331,977 (-0.5%) 0.00 435
2019-08-01 $261,705 (4.7%) $324,285 (-2.4%) 0.00 435
2019-09-01 $264,261 (5.8%) $319,782 (-3.6%) 0.00 431
2019-10-01 $265,313 (6.1%) $316,049 (-5.4%) 0.00 414
2019-11-01 $269,900 (8.0%) $311,077 (-7.1%) 0.00 377
2019-12-01 $271,195 (13.0%) $319,662 (-2.2%) 0.00 362
2020-01-01 $280,700 (15.8%) $329,241 (-0.5%) 0.00 321
2020-02-01 $281,450 (14.0%) $336,011 (2.1%) 0.00 299
2020-03-01 $285,000 (8.9%) $337,233 (-2.4%) 0.00 290
2020-04-01 $287,250 (1.7%) $345,415 (-2.7%) 0.00 293
2020-05-01 $288,250 (-1.4%) $351,996 (0.2%) 0.00 264
2020-06-01 $311,175 (13.6%) $359,446 (6.8%) 0.00 225
2020-07-01 $317,450 (21.8%) $365,774 (10.2%) 0.00 221
2020-08-01 $303,800 (16.1%) $367,905 (13.5%) 0.00 199
2020-09-01 $304,475 (15.2%) $372,896 (16.6%) 0.00 218
2020-10-01 $294,500 (11.0%) $358,326 (13.4%) 0.00 215
2020-11-01 $289,950 (7.4%) $355,605 (14.3%) 0.00 206
2020-12-01 $286,150 (5.5%) $356,282 (11.5%) 0.00 180
2021-01-01 $289,000 (3.0%) $350,903 (6.6%) 0.00 174
2021-02-01 $283,974 (0.9%) $358,430 (6.7%) 0.00 142
2021-03-01 $287,100 (0.7%) $356,095 (5.6%) 0.00 124
2021-04-01 $287,100 (-0.1%) $362,708 (5.0%) 0.00 116
2021-05-01 $277,000 (-3.9%) $378,156 (7.4%) 0.00 128
2021-06-01 $327,225 (5.2%) $410,031 (14.1%) 0.00 128
2021-07-01 $314,900 (-0.8%) $493,700 (35.0%) 0.00 164
2021-08-01 $283,098 (-6.8%) $482,454 (31.1%) 0.00 176
2021-09-01 $288,675 (-5.2%) $495,019 (32.8%) 0.00 178
2021-10-01 $299,950 (1.9%) $502,176 (40.1%) 0.00 190
2021-11-01 $299,450 (3.3%) $500,731 (40.8%) 0.00 180
2021-12-01 $300,475 (5.0%) $526,536 (47.8%) 0.00 160
2022-01-01 $309,900 (7.2%) $547,730 (56.1%) 0.00 136
2022-02-01 $321,495 (13.2%) $600,267 (67.5%) 0.00 121
2022-03-01 $328,424 (14.4%) $562,213 (57.9%) 0.00 120
2022-04-01 $319,000 (11.1%) $525,574 (44.9%) 0.00 138
2022-05-01 $336,150 (21.4%) $445,503 (17.8%) 0.00 151
2022-06-01 $349,950 (6.9%) $463,751 (13.1%) 0.00 180
2022-07-01 $349,450 (11.0%) $477,829 (-3.2%) 0.00 183
2022-08-01 $359,000 (26.8%) $477,422 (-1.0%) 0.00 175
2022-09-01 $364,200 (26.2%) $452,869 (-8.5%) 0.00 181
2022-10-01 $367,800 (22.6%) $455,772 (-9.2%) 0.00 196
2022-11-01 $369,700 (23.5%) $453,595 (-9.4%) 0.00 200
2022-12-01 $368,400 (22.6%) $452,705 (-14.0%) 0.00 198
2023-01-01 $368,625 (19.0%) $432,368 (-21.1%) 0.00 182
2023-02-01 $363,175 (13.0%) $423,778 (-29.4%) 0.00 158
2023-03-01 $367,000 (11.8%) $436,802 (-22.3%) 0.00 161
2023-04-01 $369,850 (15.9%) $450,917 (-14.2%) 0.00 142
2023-05-01 $374,950 (11.5%) $459,354 (3.1%) 0.00 159
2023-06-01 $374,950 (7.1%) $477,205 (2.9%) 0.00 169
2023-07-01 $364,900 (4.4%) $442,783 (-7.3%) 0.00 186
2023-08-01 $364,900 (1.6%) $434,062 (-9.1%) 0.00 207
2023-09-01 $364,900 (0.2%) $431,559 (-4.7%) 0.00 212
2023-10-01 $349,450 (-5.0%) $415,341 (-8.9%) 0.00 239
2023-11-01 $344,900 (-6.7%) $410,857 (-9.4%) 0.00 242
2023-12-01 $350,000 (-5.0%) $397,833 (-12.1%) 0.00 216
2024-01-01 $359,988 (-2.3%) $418,910 (-3.1%) 0.00 188
2024-02-01 $363,450 (0.1%) $420,573 (-0.8%) 0.00 186
2024-03-01 $375,000 (2.2%) $453,364 (3.8%) 0.00 173
2024-04-01 $384,450 (4.0%) $471,624 (4.6%) 0.00 192
2024-05-01 $404,950 (8.0%) $505,993 (10.2%) 0.00 207
2024-06-01 $415,900 (10.9%) $492,994 (3.3%) 0.00 221
Staunton's median listing price for 2024-06-01 was $415,900, a difference of $40,950 (10.9%) versus the prior year and $10,950 versus the prior month.

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

Staunton's average listing price for 2024-06-01 was $492,994, a difference of $15,789 (3.3%) versus the prior year and $-12,999 versus the prior month.

For the 2024-06-01 period, Staunton had 221 MLS listings, a difference of 14 listings (7%) versus the prior month and 52 listings (31%) 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 1,997 sqft
2018-02-01 0 days 1,997 sqft
2018-03-01 0 days 2,013 sqft
2018-04-01 0 days 1,999 sqft
2018-05-01 0 days 2,003 sqft
2018-06-01 0 days 2,010 sqft
2018-07-01 0 days 2,028 sqft
2018-08-01 0 days 2,095 sqft
2018-09-01 0 days 2,126 sqft
2018-10-01 0 days 2,115 sqft
2018-11-01 0 days 2,086 sqft
2018-12-01 0 days 2,000 sqft
2019-01-01 0 days 2,000 sqft
2019-02-01 0 days 1,968 sqft
2019-03-01 0 days 2,014 sqft
2019-04-01 0 days 2,103 sqft
2019-05-01 0 days 2,173 sqft
2019-06-01 0 days 2,100 sqft
2019-07-01 0 days 2,053 sqft
2019-08-01 0 days 2,013 sqft
2019-09-01 0 days 2,006 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 2,078 sqft
2020-03-01 0 days 2,043 sqft
2020-04-01 0 days 2,085 sqft
2020-05-01 0 days 2,104 sqft
2020-06-01 0 days 2,152 sqft
2020-07-01 0 days 2,200 sqft
2020-08-01 0 days 2,112 sqft
2020-09-01 0 days 2,062 sqft
2020-10-01 0 days 2,038 sqft
2020-11-01 0 days 2,048 sqft
2020-12-01 0 days 2,019 sqft
2021-01-01 0 days 1,925 sqft
2021-02-01 0 days 1,936 sqft
2021-03-01 0 days 1,950 sqft
2021-04-01 0 days 1,936 sqft
2021-05-01 0 days 2,008 sqft
2021-06-01 0 days 2,038 sqft
2021-07-01 0 days 2,018 sqft
2021-08-01 0 days 1,860 sqft
2021-09-01 0 days 1,865 sqft
2021-10-01 0 days 1,999 sqft
2021-11-01 0 days 1,910 sqft
2021-12-01 0 days 1,885 sqft
2022-01-01 0 days 1,854 sqft
2022-02-01 0 days 1,910 sqft
2022-03-01 0 days 1,911 sqft
2022-04-01 0 days 1,775 sqft
2022-05-01 0 days 1,938 sqft
2022-06-01 0 days 1,962 sqft
2022-07-01 0 days 1,984 sqft
2022-08-01 0 days 1,977 sqft
2022-09-01 0 days 1,984 sqft
2022-10-01 0 days 1,975 sqft
2022-11-01 0 days 1,993 sqft
2022-12-01 0 days 2,004 sqft
2023-01-01 0 days 1,970 sqft
2023-02-01 0 days 1,934 sqft
2023-03-01 0 days 1,952 sqft
2023-04-01 0 days 1,962 sqft
2023-05-01 0 days 1,966 sqft
2023-06-01 0 days 1,987 sqft
2023-07-01 0 days 1,925 sqft
2023-08-01 0 days 1,960 sqft
2023-09-01 0 days 1,890 sqft
2023-10-01 0 days 1,854 sqft
2023-11-01 0 days 1,847 sqft
2023-12-01 0 days 1,842 sqft
2024-01-01 0 days 1,866 sqft
2024-02-01 0 days 1,898 sqft
2024-03-01 0 days 1,950 sqft
2024-04-01 0 days 1,948 sqft
2024-05-01 0 days 2,000 sqft
2024-06-01 0 days 2,107 sqft
Staunton's median listing age (time on market) for 2024-06-01 was 0 days.

Staunton's median square footage for active listings during the 2024-06-01 period was 2,107 sqft. One year prior, the average listing was 1,987 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.