Sterling VA Loan Rates, Closing Costs & Stats

Sterling, CO

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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.

    Sterling's 14 lenders originated 24 VA loans during 2023. The total origination value was $5,530,000, with an average VA loan value of $230,417.

    Sterling VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sterling averaged 7.26% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Sterling's average VA mortgage closing costs are $5,328.

    The average rate for the prior week (2024-04-12) was 6.89% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.24%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Sterling 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 Sterling level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 3 6.08% $10,052
    Mortgage Research Center, LLC 3 7.17% $4,293
    UNITED WHOLESALE MORTGAGE, LLC 3 6.11% $5,033
    Bank of Colorado 3 6.46% $10,896
    PENNYMAC LOAN SERVICES, LLC 2 5.69% $4,334
    MICHIGAN MUTUAL, INC. 1 7.13% $200
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $19,642
    S1L, Inc. 1 7.25% $8,177
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $4,011
    USAA Federal Savings Bank 1 6.50% $4,970
    BMO Harris Bank 1 6.50% $6,167
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $7,299
    FREEDOM MORTGAGE CORPORATION 1 6.75% $10,440
    LOANPAL, LLC 1 6.50% $13,926

    The top Sterling VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 3 VA loans originated. Their average total fees are $10,052, which is $5,759 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Sterling VA lenders (with over 10 loans originated) are .

    The lowest rate Sterling VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sterling (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 $199,425 (58.3%) $196,739 (21.5%) 0.00 30
    2018-02-01 $212,500 (79.4%) $216,106 (40.2%) 0.00 31
    2018-03-01 $199,900 (63.3%) $196,103 (24.0%) 0.00 34
    2018-04-01 $207,225 (41.1%) $212,913 (16.7%) 0.00 36
    2018-05-01 $208,250 (31.0%) $219,266 (22.0%) 0.00 40
    2018-06-01 $202,500 (15.8%) $232,046 (17.3%) 0.00 37
    2018-07-01 $198,675 (17.6%) $214,692 (12.5%) 0.00 27
    2018-08-01 $179,500 (13.3%) $204,364 (11.1%) 0.00 32
    2018-09-01 $175,000 (4.8%) $197,047 (5.7%) 0.00 34
    2018-10-01 $202,750 (22.5%) $221,000 (14.7%) 0.00 29
    2018-11-01 $192,475 (21.0%) $217,254 (13.5%) 0.00 36
    2018-12-01 $175,000 (-12.5%) $199,298 (2.7%) 0.00 32
    2019-01-01 $175,950 (-11.8%) $207,411 (5.4%) 0.00 34
    2019-02-01 $196,850 (-7.4%) $205,284 (-5.0%) 0.00 38
    2019-03-01 $189,664 (-5.1%) $204,596 (4.3%) 0.00 39
    2019-04-01 $186,950 (-9.8%) $205,875 (-3.3%) 0.00 43
    2019-05-01 $180,000 (-13.6%) $208,898 (-4.7%) 0.00 42
    2019-06-01 $175,000 (-13.6%) $206,475 (-11.0%) 0.00 49
    2019-07-01 $164,875 (-17.0%) $186,586 (-13.1%) 0.00 48
    2019-08-01 $178,418 (-0.6%) $218,243 (6.8%) 0.00 50
    2019-09-01 $201,245 (15.0%) $271,158 (37.6%) 0.00 46
    2019-10-01 $218,500 (7.8%) $308,514 (39.6%) 0.00 43
    2019-11-01 $220,000 (14.3%) $310,747 (43.0%) 0.00 40
    2019-12-01 $223,500 (27.7%) $337,942 (69.6%) 0.00 37
    2020-01-01 $224,500 (27.6%) $310,846 (49.9%) 0.00 37
    2020-02-01 $225,000 (14.3%) $267,696 (30.4%) 0.00 36
    2020-03-01 $234,000 (23.4%) $266,327 (30.2%) 0.00 36
    2020-04-01 $225,975 (20.9%) $349,290 (69.7%) 0.00 33
    2020-05-01 $235,000 (30.6%) $377,033 (80.5%) 0.00 30
    2020-06-01 $239,900 (37.1%) $421,905 (104.3%) 0.00 29
    2020-07-01 $211,200 (28.1%) $393,056 (110.7%) 0.00 28
    2020-08-01 $199,000 (11.5%) $360,509 (65.2%) 0.00 35
    2020-09-01 $214,000 (6.3%) $291,631 (7.6%) 0.00 38
    2020-10-01 $210,000 (-3.9%) $280,164 (-9.2%) 0.00 35
    2020-11-01 $216,250 (-1.7%) $302,297 (-2.7%) 0.00 28
    2020-12-01 $219,950 (-1.6%) $310,776 (-8.0%) 0.00 22
    2021-01-01 $227,400 (1.3%) $330,596 (6.4%) 0.00 20
    2021-02-01 $192,500 (-14.4%) $255,887 (-4.4%) 0.00 19
    2021-03-01 $207,500 (-11.3%) $248,855 (-6.6%) 0.00 20
    2021-04-01 $192,000 (-15.0%) $254,463 (-27.2%) 0.00 16
    2021-05-01 $249,900 (6.3%) $282,565 (-25.1%) 0.00 13
    2021-06-01 $257,975 (7.5%) $277,453 (-34.2%) 0.00 16
    2021-07-01 $249,450 (18.1%) $267,488 (-32.0%) 0.00 27
    2021-08-01 $249,975 (25.6%) $293,301 (-18.6%) 0.00 31
    2021-09-01 $248,125 (16.0%) $309,554 (6.2%) 0.00 29
    2021-10-01 $254,000 (21.0%) $329,329 (17.6%) 0.00 29
    2021-11-01 $199,450 (-7.8%) $388,655 (28.6%) 0.00 32
    2021-12-01 $224,975 (2.3%) $309,953 (-0.3%) 0.00 51
    2022-01-01 $202,500 (-11.0%) $247,893 (-25.0%) 0.00 25
    2022-02-01 $188,350 (-2.2%) $225,144 (-12.0%) 0.00 25
    2022-03-01 $181,875 (-12.4%) $231,882 (-6.8%) 0.00 27
    2022-04-01 $197,200 (2.7%) $256,363 (0.8%) 0.00 18
    2022-05-01 $232,000 (-7.2%) $286,865 (1.5%) 0.00 20
    2022-06-01 $231,250 (-10.4%) $309,099 (11.4%) 0.00 33
    2022-07-01 $225,000 (-9.8%) $290,584 (8.6%) 0.00 51
    2022-08-01 $228,061 (-8.8%) $291,925 (-0.5%) 0.00 65
    2022-09-01 $239,500 (-3.5%) $310,144 (0.2%) 0.00 58
    2022-10-01 $266,950 (5.1%) $335,974 (2.0%) 0.00 61
    2022-11-01 $252,400 (26.6%) $322,841 (-16.9%) 0.00 65
    2022-12-01 $249,900 (11.1%) $310,175 (0.1%) 0.00 56
    2023-01-01 $259,950 (28.4%) $350,480 (41.4%) 0.00 50
    2023-02-01 $254,300 (35.0%) $348,513 (54.8%) 0.00 47
    2023-03-01 $223,500 (22.9%) $326,806 (40.9%) 0.00 49
    2023-04-01 $245,000 (24.2%) $328,679 (28.2%) 0.00 56
    2023-05-01 $249,725 (7.6%) $349,205 (21.7%) 0.00 54
    2023-06-01 $277,500 (20.0%) $351,199 (13.6%) 0.00 51
    2023-07-01 $299,000 (32.9%) $316,996 (9.1%) 0.00 59
    2023-08-01 $316,750 (38.9%) $361,234 (23.7%) 0.00 67
    2023-09-01 $311,500 (30.1%) $361,518 (16.6%) 0.00 67
    2023-10-01 $311,225 (16.6%) $359,015 (6.9%) 0.00 73
    2023-11-01 $302,475 (19.8%) $355,750 (10.2%) 0.00 73
    2023-12-01 $299,950 (20.0%) $349,982 (12.8%) 0.00 69
    2024-01-01 $311,175 (19.7%) $329,182 (-6.1%) 0.00 55
    2024-02-01 $298,750 (17.5%) $319,965 (-8.2%) 0.00 50
    2024-03-01 $289,450 (29.5%) $326,048 (-0.2%) 0.00 55
    Sterling's median listing price for 2024-03-01 was $289,450, a difference of $65,950 (29.5%) versus the prior year and $-9,300 versus the prior month.

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

    Sterling's average listing price for 2024-03-01 was $326,048, a difference of $-758 (-0.2%) versus the prior year and $6,083 versus the prior month.

    For the 2024-03-01 period, Sterling had 55 MLS listings, a difference of 5 listings (10%) versus the prior month and 6 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,067 sqft
    2018-02-01 0 days 2,060 sqft
    2018-03-01 0 days 2,142 sqft
    2018-04-01 0 days 2,234 sqft
    2018-05-01 0 days 2,253 sqft
    2018-06-01 0 days 2,231 sqft
    2018-07-01 0 days 2,171 sqft
    2018-08-01 0 days 2,088 sqft
    2018-09-01 0 days 1,992 sqft
    2018-10-01 0 days 1,954 sqft
    2018-11-01 0 days 2,190 sqft
    2018-12-01 0 days 2,094 sqft
    2019-01-01 0 days 2,069 sqft
    2019-02-01 0 days 2,042 sqft
    2019-03-01 0 days 2,104 sqft
    2019-04-01 0 days 2,159 sqft
    2019-05-01 0 days 2,018 sqft
    2019-06-01 0 days 2,020 sqft
    2019-07-01 0 days 1,940 sqft
    2019-08-01 0 days 1,907 sqft
    2019-09-01 0 days 2,057 sqft
    2019-10-01 0 days 2,157 sqft
    2019-11-01 0 days 2,208 sqft
    2019-12-01 0 days 2,208 sqft
    2020-01-01 0 days 2,022 sqft
    2020-02-01 0 days 2,195 sqft
    2020-03-01 0 days 2,091 sqft
    2020-04-01 0 days 1,966 sqft
    2020-05-01 0 days 2,006 sqft
    2020-06-01 0 days 2,301 sqft
    2020-07-01 0 days 1,703 sqft
    2020-08-01 0 days 1,725 sqft
    2020-09-01 0 days 1,756 sqft
    2020-10-01 0 days 1,725 sqft
    2020-11-01 0 days 1,990 sqft
    2020-12-01 0 days 2,110 sqft
    2021-01-01 0 days 1,914 sqft
    2021-02-01 0 days 1,490 sqft
    2021-03-01 0 days 1,614 sqft
    2021-04-01 0 days 1,610 sqft
    2021-05-01 0 days 2,153 sqft
    2021-06-01 0 days 1,940 sqft
    2021-07-01 0 days 1,975 sqft
    2021-08-01 0 days 2,147 sqft
    2021-09-01 0 days 2,107 sqft
    2021-10-01 0 days 2,115 sqft
    2021-11-01 0 days 1,915 sqft
    2021-12-01 0 days 1,908 sqft
    2022-01-01 0 days 1,572 sqft
    2022-02-01 0 days 1,624 sqft
    2022-03-01 0 days 1,521 sqft
    2022-04-01 0 days 1,614 sqft
    2022-05-01 0 days 1,586 sqft
    2022-06-01 0 days 1,546 sqft
    2022-07-01 0 days 1,579 sqft
    2022-08-01 0 days 1,678 sqft
    2022-09-01 0 days 1,847 sqft
    2022-10-01 0 days 1,866 sqft
    2022-11-01 0 days 1,834 sqft
    2022-12-01 0 days 1,744 sqft
    2023-01-01 0 days 1,815 sqft
    2023-02-01 0 days 1,729 sqft
    2023-03-01 0 days 1,489 sqft
    2023-04-01 0 days 1,506 sqft
    2023-05-01 0 days 1,761 sqft
    2023-06-01 0 days 1,817 sqft
    2023-07-01 0 days 2,056 sqft
    2023-08-01 0 days 2,080 sqft
    2023-09-01 0 days 2,058 sqft
    2023-10-01 0 days 2,007 sqft
    2023-11-01 0 days 2,057 sqft
    2023-12-01 0 days 2,056 sqft
    2024-01-01 0 days 2,158 sqft
    2024-02-01 0 days 2,092 sqft
    2024-03-01 0 days 1,988 sqft
    Sterling's median listing age (time on market) for 2024-03-01 was 0 days.

    Sterling's median square footage for active listings during the 2024-03-01 period was 1,988 sqft. One year prior, the average listing was 1,489 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.