Sturgis VA Loan Rates, Closing Costs & Stats

Sturgis, MI

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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.

    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 6.46% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Sturgis's average VA mortgage closing costs are $4,823.

    The average rate for the prior week (2024-12-06) was 6.3% and one month ago for the week of 2024-11-08, the average rate was 6.49%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.70% $3,610
    QUICKEN LOANS, LLC 7 6.18% $7,584
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.58% $5,191
    LAKE MICHIGAN CREDIT UNION 2 5.69% $7,198
    UNITED WHOLESALE MORTGAGE, LLC 2 6.22% $2,045
    Fifth Third Bank 1 6.00% $4,595
    Flagstar Bank, FSB 1 7.25% $10,003
    FREEDOM MORTGAGE CORPORATION 1 6.25% $6,903
    GUARANTEED RATE, INC. 1 6.25% $4,742
    GVC MORTGAGE, INC. 1 6.25% $9,217
    MEMBER FIRST MORTGAGE, LLC 1 6.38% $695
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $6,748
    NEW DAY FINANCIAL, LLC 1 6.88% $7,922
    ROYAL UNITED MORTGAGE LLC 1 6.25% $7,816
    RUOFF MORTGAGE COMPANY, INC. 1 6.00% $167
    STOCKTON MORTGAGE CORPORATION 1 7.25% $7,220
    The Huntington National Bank 1 6.25% $7,400
    TOWNE MORTGAGE COMPANY 1 7.13% $3,014
    UNION HOME MORTGAGE CORP. 1 6.88% $6,539
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $24,326
    USAA Federal Savings Bank 1 5.63% $3,857
    AMERISAVE MORTGAGE CORPORATION 1 6.00% $7,566
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $14,356
    BLG HOLDINGS, INC. 1 6.13% $24,361
    Carrington Mortgage Services, LLC 1 7.00% $8,103

    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. Louis
    Date 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
    2024-11-01 $250,000 (13.5%) $290,244 (-8.7%) 0.00 122
    Sturgis's median listing price for 2024-11-01 was $250,000, a difference of $29,775 (13.5%) versus the prior year and $-17,675 versus the prior month.

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

    Sturgis's average listing price for 2024-11-01 was $290,244, a difference of $-27,564 (-8.7%) versus the prior year and $-27,778 versus the prior month.

    For the 2024-11-01 period, Sturgis had 122 MLS listings, a difference of -30 listings (-20%) versus the prior month and 40 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,754 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
    2024-11-01 0 days 1,690 sqft
    Sturgis's median listing age (time on market) for 2024-11-01 was 0 days.

    Sturgis's median square footage for active listings during the 2024-11-01 period was 1,690 sqft. One year prior, the average listing was 1,619 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.