Sturgis VA Loan Rates, Closing Costs & Stats
Sturgis, MI
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.
Sturgis's 25 lenders originated 45 VA loans during 2023. The total origination value was $9,575,000, with an average VA loan value of $212,778.
Sturgis VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Sturgis
averaged
0.19%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Sturgis's average VA mortgage closing costs are $4,823.
The average rate for the prior week (2024-11-22) was
6.95% and
one month ago for the week of 2024-10-25, the
average rate was 6.75%.
The average rate one year ago was 7.19%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Sturgis 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 Sturgis level.
The top Sturgis VA lender as defined by loan originations is Mortgage Research Center, LLC, with
11 VA loans originated. Their average total fees are
$3,610, which is $3,974
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Sturgis VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($3,610), .
The lowest rate Sturgis VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.70%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $161,200 (15.2%) | $205,540 (6.3%) | 0.00 | 157 |
2018-02-01 | $166,675 (19.1%) | $212,100 (11.3%) | 0.00 | 149 |
2018-03-01 | $169,900 (7.2%) | $216,607 (0.4%) | 0.00 | 144 |
2018-04-01 | $181,425 (9.3%) | $230,524 (7.7%) | 0.00 | 146 |
2018-05-01 | $202,450 (23.8%) | $236,456 (12.1%) | 0.00 | 156 |
2018-06-01 | $199,900 (21.0%) | $238,874 (12.1%) | 0.00 | 158 |
2018-07-01 | $184,975 (12.1%) | $243,687 (14.1%) | 0.00 | 184 |
2018-08-01 | $173,000 (8.2%) | $238,035 (13.3%) | 0.00 | 197 |
2018-09-01 | $167,950 (3.7%) | $235,066 (10.8%) | 0.00 | 194 |
2018-10-01 | $167,400 (3.4%) | $238,953 (12.9%) | 0.00 | 181 |
2018-11-01 | $173,675 (8.6%) | $234,879 (9.8%) | 0.00 | 179 |
2018-12-01 | $159,900 (-3.0%) | $226,745 (5.6%) | 0.00 | 174 |
2019-01-01 | $168,950 (4.8%) | $233,003 (13.4%) | 0.00 | 156 |
2019-02-01 | $178,650 (7.2%) | $247,638 (16.8%) | 0.00 | 140 |
2019-03-01 | $189,729 (11.7%) | $271,752 (25.5%) | 0.00 | 140 |
2019-04-01 | $192,904 (6.3%) | $276,797 (20.1%) | 0.00 | 149 |
2019-05-01 | $213,725 (5.6%) | $292,083 (23.5%) | 0.00 | 155 |
2019-06-01 | $213,500 (6.8%) | $284,092 (18.9%) | 0.00 | 163 |
2019-07-01 | $193,225 (4.5%) | $267,110 (9.6%) | 0.00 | 188 |
2019-08-01 | $188,873 (9.2%) | $265,822 (11.7%) | 0.00 | 200 |
2019-09-01 | $185,007 (10.2%) | $262,666 (11.7%) | 0.00 | 216 |
2019-10-01 | $180,950 (8.1%) | $258,573 (8.2%) | 0.00 | 227 |
2019-11-01 | $179,900 (3.6%) | $242,109 (3.1%) | 0.00 | 206 |
2019-12-01 | $163,825 (2.5%) | $231,212 (2.0%) | 0.00 | 198 |
2020-01-01 | $177,450 (5.0%) | $236,874 (1.7%) | 0.00 | 186 |
2020-02-01 | $181,950 (1.9%) | $246,263 (-0.6%) | 0.00 | 186 |
2020-03-01 | $183,425 (-3.3%) | $259,045 (-4.7%) | 0.00 | 167 |
2020-04-01 | $189,400 (-1.8%) | $268,313 (-3.1%) | 0.00 | 157 |
2020-05-01 | $197,250 (-7.7%) | $286,762 (-1.8%) | 0.00 | 148 |
2020-06-01 | $222,350 (4.2%) | $305,475 (7.5%) | 0.00 | 133 |
2020-07-01 | $212,273 (9.9%) | $313,943 (17.5%) | 0.00 | 125 |
2020-08-01 | $219,950 (16.5%) | $316,475 (19.1%) | 0.00 | 102 |
2020-09-01 | $193,444 (4.6%) | $301,610 (14.8%) | 0.00 | 81 |
2020-10-01 | $169,950 (-6.1%) | $289,563 (12.0%) | 0.00 | 88 |
2020-11-01 | $180,975 (0.6%) | $306,961 (26.8%) | 0.00 | 82 |
2020-12-01 | $156,800 (-4.3%) | $302,197 (30.7%) | 0.00 | 82 |
2021-01-01 | $149,950 (-15.5%) | $309,138 (30.5%) | 0.00 | 61 |
2021-02-01 | $169,150 (-7.0%) | $314,921 (27.9%) | 0.00 | 44 |
2021-03-01 | $162,150 (-11.6%) | $372,944 (44.0%) | 0.00 | 42 |
2021-04-01 | $197,400 (4.2%) | $414,570 (54.5%) | 0.00 | 34 |
2021-05-01 | $225,000 (14.1%) | $419,214 (46.2%) | 0.00 | 38 |
2021-06-01 | $232,500 (4.6%) | $383,613 (25.6%) | 0.00 | 58 |
2021-07-01 | $231,950 (9.3%) | $354,345 (12.9%) | 0.00 | 65 |
2021-08-01 | $225,000 (2.3%) | $346,263 (9.4%) | 0.00 | 74 |
2021-09-01 | $222,450 (15.0%) | $347,732 (15.3%) | 0.00 | 86 |
2021-10-01 | $225,000 (32.4%) | $387,132 (33.7%) | 0.00 | 77 |
2021-11-01 | $186,250 (2.9%) | $320,273 (4.3%) | 0.00 | 72 |
2021-12-01 | $181,950 (16.0%) | $317,323 (5.0%) | 0.00 | 64 |
2022-01-01 | $175,900 (17.3%) | $322,176 (4.2%) | 0.00 | 62 |
2022-02-01 | $174,950 (3.4%) | $287,517 (-8.7%) | 0.00 | 69 |
2022-03-01 | $175,158 (8.0%) | $306,692 (-17.8%) | 0.00 | 56 |
2022-04-01 | $239,900 (21.5%) | $354,518 (-14.5%) | 0.00 | 51 |
2022-05-01 | $256,200 (13.9%) | $340,282 (-18.8%) | 0.00 | 65 |
2022-06-01 | $267,200 (14.9%) | $381,475 (-0.6%) | 0.00 | 83 |
2022-07-01 | $247,500 (6.7%) | $319,078 (-10.0%) | 0.00 | 95 |
2022-08-01 | $213,725 (-5.0%) | $292,578 (-15.5%) | 0.00 | 103 |
2022-09-01 | $239,450 (7.6%) | $302,600 (-13.0%) | 0.00 | 98 |
2022-10-01 | $229,900 (2.2%) | $297,162 (-23.2%) | 0.00 | 92 |
2022-11-01 | $210,000 (12.8%) | $268,350 (-16.2%) | 0.00 | 95 |
2022-12-01 | $199,900 (9.9%) | $258,989 (-18.4%) | 0.00 | 94 |
2023-01-01 | $204,950 (16.5%) | $253,517 (-21.3%) | 0.00 | 84 |
2023-02-01 | $210,500 (20.3%) | $275,279 (-4.3%) | 0.00 | 65 |
2023-03-01 | $211,400 (20.7%) | $311,829 (1.7%) | 0.00 | 42 |
2023-04-01 | $249,900 (4.2%) | $310,953 (-12.3%) | 0.00 | 49 |
2023-05-01 | $247,475 (-3.4%) | $292,771 (-14.0%) | 0.00 | 59 |
2023-06-01 | $269,225 (0.8%) | $341,760 (-10.4%) | 0.00 | 67 |
2023-07-01 | $254,900 (3.0%) | $343,952 (7.8%) | 0.00 | 75 |
2023-08-01 | $254,900 (19.3%) | $340,703 (16.5%) | 0.00 | 85 |
2023-09-01 | $249,950 (4.4%) | $343,936 (13.7%) | 0.00 | 80 |
2023-10-01 | $233,650 (1.6%) | $338,395 (13.9%) | 0.00 | 89 |
2023-11-01 | $220,225 (4.9%) | $317,808 (18.4%) | 0.00 | 82 |
2023-12-01 | $229,900 (15.0%) | $345,686 (33.5%) | 0.00 | 77 |
2024-01-01 | $217,250 (6.0%) | $323,614 (27.7%) | 0.00 | 76 |
2024-02-01 | $231,500 (10.0%) | $296,590 (7.7%) | 0.00 | 71 |
2024-03-01 | $239,450 (13.3%) | $295,803 (-5.1%) | 0.00 | 83 |
2024-04-01 | $256,950 (2.8%) | $335,727 (8.0%) | 0.00 | 90 |
2024-05-01 | $289,000 (16.8%) | $381,839 (30.4%) | 0.00 | 89 |
2024-06-01 | $299,998 (11.4%) | $381,086 (11.5%) | 0.00 | 102 |
2024-07-01 | $262,450 (3.0%) | $328,715 (-4.4%) | 0.00 | 101 |
2024-08-01 | $269,900 (5.9%) | $326,970 (-4.0%) | 0.00 | 114 |
2024-09-01 | $257,400 (3.0%) | $308,897 (-10.2%) | 0.00 | 136 |
2024-10-01 | $267,675 (14.6%) | $318,022 (-6.0%) | 0.00 | 152 |
Sturgis's median listing price comes in at 0% of the national average.
Sturgis's average listing price for 2024-10-01 was $318,022, a difference of $-20,373 (-6.0%) versus the prior year and $9,125 versus the prior month.
For the 2024-10-01 period, Sturgis had 152 MLS listings, a difference of 16 listings (12%) versus the prior month and 63 listings (71%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,754 sqft |
2018-02-01 | 0 days | 1,734 sqft |
2018-03-01 | 0 days | 1,741 sqft |
2018-04-01 | 0 days | 1,783 sqft |
2018-05-01 | 0 days | 1,804 sqft |
2018-06-01 | 0 days | 1,775 sqft |
2018-07-01 | 0 days | 1,789 sqft |
2018-08-01 | 0 days | 1,733 sqft |
2018-09-01 | 0 days | 1,877 sqft |
2018-10-01 | 0 days | 1,880 sqft |
2018-11-01 | 0 days | 1,935 sqft |
2018-12-01 | 0 days | 1,850 sqft |
2019-01-01 | 0 days | 1,946 sqft |
2019-02-01 | 0 days | 1,935 sqft |
2019-03-01 | 0 days | 1,894 sqft |
2019-04-01 | 0 days | 1,836 sqft |
2019-05-01 | 0 days | 1,879 sqft |
2019-06-01 | 0 days | 1,840 sqft |
2019-07-01 | 0 days | 1,767 sqft |
2019-08-01 | 0 days | 1,829 sqft |
2019-09-01 | 0 days | 1,818 sqft |
2019-10-01 | 0 days | 1,805 sqft |
2019-11-01 | 0 days | 1,800 sqft |
2019-12-01 | 0 days | 1,710 sqft |
2020-01-01 | 0 days | 1,766 sqft |
2020-02-01 | 0 days | 1,741 sqft |
2020-03-01 | 0 days | 1,783 sqft |
2020-04-01 | 0 days | 1,770 sqft |
2020-05-01 | 0 days | 1,801 sqft |
2020-06-01 | 0 days | 1,893 sqft |
2020-07-01 | 0 days | 1,849 sqft |
2020-08-01 | 0 days | 1,931 sqft |
2020-09-01 | 0 days | 1,756 sqft |
2020-10-01 | 0 days | 1,720 sqft |
2020-11-01 | 0 days | 1,708 sqft |
2020-12-01 | 0 days | 1,624 sqft |
2021-01-01 | 0 days | 1,654 sqft |
2021-02-01 | 0 days | 1,669 sqft |
2021-03-01 | 0 days | 1,628 sqft |
2021-04-01 | 0 days | 1,664 sqft |
2021-05-01 | 0 days | 1,844 sqft |
2021-06-01 | 0 days | 1,922 sqft |
2021-07-01 | 0 days | 1,890 sqft |
2021-08-01 | 0 days | 1,977 sqft |
2021-09-01 | 0 days | 1,799 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,741 sqft |
2021-12-01 | 0 days | 1,701 sqft |
2022-01-01 | 0 days | 1,700 sqft |
2022-02-01 | 0 days | 1,737 sqft |
2022-03-01 | 0 days | 1,675 sqft |
2022-04-01 | 0 days | 1,816 sqft |
2022-05-01 | 0 days | 1,822 sqft |
2022-06-01 | 0 days | 1,802 sqft |
2022-07-01 | 0 days | 1,783 sqft |
2022-08-01 | 0 days | 1,769 sqft |
2022-09-01 | 0 days | 1,731 sqft |
2022-10-01 | 0 days | 1,833 sqft |
2022-11-01 | 0 days | 1,802 sqft |
2022-12-01 | 0 days | 1,730 sqft |
2023-01-01 | 0 days | 1,786 sqft |
2023-02-01 | 0 days | 1,800 sqft |
2023-03-01 | 0 days | 1,755 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,703 sqft |
2023-06-01 | 0 days | 1,867 sqft |
2023-07-01 | 0 days | 1,830 sqft |
2023-08-01 | 0 days | 1,785 sqft |
2023-09-01 | 0 days | 1,826 sqft |
2023-10-01 | 0 days | 1,628 sqft |
2023-11-01 | 0 days | 1,619 sqft |
2023-12-01 | 0 days | 1,700 sqft |
2024-01-01 | 0 days | 1,655 sqft |
2024-02-01 | 0 days | 1,635 sqft |
2024-03-01 | 0 days | 1,645 sqft |
2024-04-01 | 0 days | 1,863 sqft |
2024-05-01 | 0 days | 1,988 sqft |
2024-06-01 | 0 days | 2,000 sqft |
2024-07-01 | 0 days | 1,793 sqft |
2024-08-01 | 0 days | 1,822 sqft |
2024-09-01 | 0 days | 1,772 sqft |
2024-10-01 | 0 days | 1,745 sqft |
Sturgis's median square footage for active listings during the 2024-10-01 period was 1,745 sqft. One year prior, the average listing was 1,628 sqft.