Stevens Point VA Loan Rates, Closing Costs & Stats

Stevens Point, WI

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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.

    Stevens Point's 18 lenders originated 43 VA loans during 2023. The total origination value was $11,485,000, with an average VA loan value of $267,093.

    Stevens Point VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Stevens Point averaged 6.95% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Stevens Point's average VA mortgage closing costs are $4,770.

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.54%.

    The average rate one year ago was 6.23%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Stevens Point 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 Stevens Point level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.86% $4,727
    QUICKEN LOANS, LLC 6 6.64% $9,357
    UNITED WHOLESALE MORTGAGE, LLC 3 7.08% $5,697
    USAA Federal Savings Bank 3 5.92% $12,446
    U.S. Bank 3 6.46% $3,979
    PREMIA MORTGAGE, LLC 2 5.56% $2,623
    JPMorgan Chase Bank 1 6.63% $0
    NAVY FEDERAL CREDIT UNION 1 5.63% $22
    Prosperity Home Mortgage, LLC 1 6.88% $3,597
    The Federal Savings Bank 1 7.50% $10,790
    TOWNE MORTGAGE COMPANY 1 7.13% $2,199
    Associated Bank 1 6.50% $54
    Waterstone Mortgage Corporation 1 7.50% $8,010
    Bremer Bank 1 6.13% $3,437
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.49% $4,151
    GUILD MORTGAGE COMPANY 1 6.13% $24,520
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $7,539
    Ixonia Bank 1 7.00% $9,572

    The top Stevens Point VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $4,727, which is $4,630 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Stevens Point VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,727), .

    The lowest rate Stevens Point VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.86%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Stevens Point (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 $199,900 (17.7%) $246,971 (13.4%) 0.00 179
    2018-02-01 $208,675 (22.8%) $246,302 (13.1%) 0.00 171
    2018-03-01 $228,900 (20.5%) $249,616 (8.5%) 0.00 171
    2018-04-01 $234,900 (20.7%) $263,791 (13.8%) 0.00 181
    2018-05-01 $227,400 (11.0%) $253,782 (6.3%) 0.00 220
    2018-06-01 $218,900 (9.5%) $246,809 (2.5%) 0.00 273
    2018-07-01 $219,900 (4.8%) $247,527 (1.2%) 0.00 265
    2018-08-01 $219,900 (8.7%) $247,030 (2.2%) 0.00 248
    2018-09-01 $215,000 (8.0%) $249,223 (5.1%) 0.00 234
    2018-10-01 $203,700 (2.1%) $245,465 (2.7%) 0.00 232
    2018-11-01 $199,900 (0.2%) $249,000 (3.1%) 0.00 198
    2018-12-01 $191,250 (-4.3%) $238,719 (-3.1%) 0.00 169
    2019-01-01 $187,450 (-6.2%) $245,736 (-0.5%) 0.00 140
    2019-02-01 $199,900 (-4.2%) $253,495 (2.9%) 0.00 136
    2019-03-01 $210,614 (-8.0%) $258,264 (3.5%) 0.00 147
    2019-04-01 $228,650 (-2.7%) $264,258 (0.2%) 0.00 162
    2019-05-01 $239,900 (5.5%) $259,865 (2.4%) 0.00 202
    2019-06-01 $229,900 (5.0%) $246,278 (-0.2%) 0.00 262
    2019-07-01 $228,650 (4.0%) $245,252 (-0.9%) 0.00 263
    2019-08-01 $225,823 (2.7%) $247,553 (0.2%) 0.00 245
    2019-09-01 $219,707 (2.2%) $250,412 (0.5%) 0.00 245
    2019-10-01 $215,630 (5.9%) $252,335 (2.8%) 0.00 237
    2019-11-01 $212,450 (6.3%) $256,340 (3.0%) 0.00 211
    2019-12-01 $217,400 (13.7%) $257,691 (8.0%) 0.00 178
    2020-01-01 $223,700 (19.3%) $259,654 (5.7%) 0.00 156
    2020-02-01 $228,900 (14.5%) $261,193 (3.0%) 0.00 166
    2020-03-01 $237,675 (12.9%) $265,701 (2.9%) 0.00 172
    2020-04-01 $239,900 (4.9%) $264,258 (0.0%) 0.00 176
    2020-05-01 $279,900 (16.7%) $295,224 (13.6%) 0.00 91
    2020-06-01 $263,700 (14.7%) $297,346 (20.7%) 0.00 92
    2020-07-01 $273,400 (19.6%) $297,864 (21.5%) 0.00 84
    2020-08-01 $270,000 (19.6%) $307,770 (24.3%) 0.00 81
    2020-09-01 $270,735 (23.2%) $308,633 (23.3%) 0.00 83
    2020-10-01 $250,000 (15.9%) $280,461 (11.2%) 0.00 82
    2020-11-01 $238,925 (12.5%) $281,904 (10.0%) 0.00 78
    2020-12-01 $217,900 (0.2%) $290,222 (12.6%) 0.00 60
    2021-01-01 $250,000 (11.8%) $299,077 (15.2%) 0.00 45
    2021-02-01 $259,950 (13.6%) $306,702 (17.4%) 0.00 47
    2021-03-01 $259,175 (9.1%) $311,800 (17.4%) 0.00 41
    2021-04-01 $289,900 (20.8%) $325,507 (23.2%) 0.00 39
    2021-05-01 $299,900 (7.2%) $348,964 (18.2%) 0.00 39
    2021-06-01 $279,925 (6.2%) $323,535 (8.8%) 0.00 58
    2021-07-01 $277,400 (1.5%) $315,742 (6.0%) 0.00 70
    2021-08-01 $259,450 (-3.9%) $311,038 (1.1%) 0.00 80
    2021-09-01 $290,675 (7.4%) $318,390 (3.2%) 0.00 77
    2021-10-01 $289,900 (16.0%) $327,802 (16.9%) 0.00 75
    2021-11-01 $297,400 (24.5%) $318,111 (12.8%) 0.00 70
    2021-12-01 $297,400 (36.5%) $319,537 (10.1%) 0.00 61
    2022-01-01 $325,000 (30.0%) $417,675 (39.7%) 0.00 49
    2022-02-01 $338,258 (30.1%) $429,687 (40.1%) 0.00 38
    2022-03-01 $338,495 (30.6%) $424,224 (36.1%) 0.00 34
    2022-04-01 $322,780 (11.3%) $420,174 (29.1%) 0.00 30
    2022-05-01 $322,800 (7.6%) $337,410 (-3.3%) 0.00 43
    2022-06-01 $304,900 (8.9%) $328,960 (1.7%) 0.00 49
    2022-07-01 $369,900 (33.4%) $423,896 (34.3%) 0.00 48
    2022-08-01 $359,750 (38.7%) $433,156 (39.3%) 0.00 49
    2022-09-01 $374,014 (28.7%) $429,277 (34.8%) 0.00 55
    2022-10-01 $349,900 (20.7%) $431,916 (31.8%) 0.00 47
    2022-11-01 $390,585 (31.3%) $475,056 (49.3%) 0.00 48
    2022-12-01 $385,000 (29.5%) $399,152 (24.9%) 0.00 47
    2023-01-01 $372,114 (14.5%) $376,274 (-9.9%) 0.00 35
    2023-02-01 $364,685 (7.8%) $373,142 (-13.2%) 0.00 38
    2023-03-01 $372,360 (10.0%) $398,421 (-6.1%) 0.00 40
    2023-04-01 $353,685 (9.6%) $451,105 (7.4%) 0.00 37
    2023-05-01 $336,200 (4.2%) $432,723 (28.3%) 0.00 39
    2023-06-01 $300,800 (-1.3%) $387,987 (17.9%) 0.00 57
    2023-07-01 $329,900 (-10.8%) $396,061 (-6.6%) 0.00 61
    2023-08-01 $351,818 (-2.2%) $375,168 (-13.4%) 0.00 63
    2023-09-01 $350,000 (-6.4%) $389,742 (-9.2%) 0.00 74
    2023-10-01 $342,900 (-2.0%) $389,467 (-9.8%) 0.00 76
    2023-11-01 $329,925 (-15.5%) $374,391 (-21.2%) 0.00 80
    2023-12-01 $325,000 (-15.6%) $368,876 (-7.6%) 0.00 67
    2024-01-01 $338,675 (-9.0%) $389,513 (3.5%) 0.00 60
    2024-02-01 $363,843 (-0.2%) $384,245 (3.0%) 0.00 51
    2024-03-01 $368,685 (-1.0%) $393,426 (-1.3%) 0.00 52
    Stevens Point's median listing price for 2024-03-01 was $368,685, a difference of $-3,675 (-1.0%) versus the prior year and $4,842 versus the prior month.

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

    Stevens Point's average listing price for 2024-03-01 was $393,426, a difference of $-4,995 (-1.3%) versus the prior year and $9,181 versus the prior month.

    For the 2024-03-01 period, Stevens Point had 52 MLS listings, a difference of 1 listings (2%) versus the prior month and 12 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Stevens Point (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,005 sqft
    2018-02-01 0 days 2,034 sqft
    2018-03-01 0 days 2,135 sqft
    2018-04-01 0 days 2,165 sqft
    2018-05-01 0 days 2,128 sqft
    2018-06-01 0 days 2,038 sqft
    2018-07-01 0 days 2,047 sqft
    2018-08-01 0 days 2,050 sqft
    2018-09-01 0 days 2,064 sqft
    2018-10-01 0 days 2,060 sqft
    2018-11-01 0 days 2,094 sqft
    2018-12-01 0 days 1,983 sqft
    2019-01-01 0 days 1,971 sqft
    2019-02-01 0 days 1,979 sqft
    2019-03-01 0 days 2,010 sqft
    2019-04-01 0 days 2,069 sqft
    2019-05-01 0 days 2,082 sqft
    2019-06-01 0 days 2,026 sqft
    2019-07-01 0 days 2,060 sqft
    2019-08-01 0 days 2,081 sqft
    2019-09-01 0 days 2,112 sqft
    2019-10-01 0 days 2,137 sqft
    2019-11-01 0 days 2,172 sqft
    2019-12-01 0 days 2,174 sqft
    2020-01-01 0 days 2,160 sqft
    2020-02-01 0 days 2,177 sqft
    2020-03-01 0 days 2,223 sqft
    2020-04-01 0 days 2,105 sqft
    2020-05-01 0 days 2,400 sqft
    2020-06-01 0 days 2,269 sqft
    2020-07-01 0 days 2,333 sqft
    2020-08-01 0 days 2,252 sqft
    2020-09-01 0 days 2,227 sqft
    2020-10-01 0 days 2,020 sqft
    2020-11-01 0 days 1,971 sqft
    2020-12-01 0 days 1,934 sqft
    2021-01-01 0 days 1,853 sqft
    2021-02-01 0 days 1,964 sqft
    2021-03-01 0 days 1,983 sqft
    2021-04-01 0 days 2,035 sqft
    2021-05-01 0 days 2,005 sqft
    2021-06-01 0 days 1,959 sqft
    2021-07-01 0 days 2,018 sqft
    2021-08-01 0 days 2,035 sqft
    2021-09-01 0 days 2,090 sqft
    2021-10-01 0 days 2,038 sqft
    2021-11-01 0 days 2,021 sqft
    2021-12-01 0 days 2,011 sqft
    2022-01-01 0 days 2,090 sqft
    2022-02-01 0 days 2,062 sqft
    2022-03-01 0 days 1,995 sqft
    2022-04-01 0 days 1,942 sqft
    2022-05-01 0 days 1,941 sqft
    2022-06-01 0 days 1,956 sqft
    2022-07-01 0 days 2,110 sqft
    2022-08-01 0 days 2,161 sqft
    2022-09-01 0 days 2,193 sqft
    2022-10-01 0 days 2,096 sqft
    2022-11-01 0 days 2,416 sqft
    2022-12-01 0 days 2,352 sqft
    2023-01-01 0 days 1,995 sqft
    2023-02-01 0 days 1,926 sqft
    2023-03-01 0 days 1,915 sqft
    2023-04-01 0 days 1,840 sqft
    2023-05-01 0 days 1,731 sqft
    2023-06-01 0 days 1,778 sqft
    2023-07-01 0 days 1,850 sqft
    2023-08-01 0 days 2,061 sqft
    2023-09-01 0 days 2,154 sqft
    2023-10-01 0 days 2,094 sqft
    2023-11-01 0 days 2,090 sqft
    2023-12-01 0 days 2,014 sqft
    2024-01-01 0 days 2,111 sqft
    2024-02-01 0 days 1,958 sqft
    2024-03-01 0 days 1,890 sqft
    Stevens Point's median listing age (time on market) for 2024-03-01 was 0 days.

    Stevens Point's median square footage for active listings during the 2024-03-01 period was 1,890 sqft. One year prior, the average listing was 1,915 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.