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 26 lenders originated 58 VA loans during 2024. The total origination value was $14,040,000, with an average VA loan value of $242,069.

    Sturgis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sturgis averaged 0.6% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Sturgis's average VA mortgage closing costs are $5,109.

    The average rate for the prior week (2025-06-13) was 6.75% and one month ago for the week of 2025-05-16, the average rate was 7.01%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.11%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 14 6.49% $5,209
    RUOFF MORTGAGE COMPANY, INC. 4 6.50% $4,738
    FREEDOM MORTGAGE CORPORATION 4 6.31% $2,675
    Flagstar Bank, FSB 3 5.77% $9,805
    UNITED WHOLESALE MORTGAGE, LLC 3 6.25% $6,746
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.08% $9,462
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $10,189
    QUICKEN LOANS, LLC 2 6.75% $12,878
    Carrington Mortgage Services, LLC 2 6.25% $12,249
    NAVY FEDERAL CREDIT UNION 2 6.06% $2,463
    PENTAGON FEDERAL CREDIT UNION 1 6.75% $16,178
    PHH Mortgage Corporation 1 5.38% $3,663
    PLANET HOME LENDING, LLC 1 6.13% $3,149
    Renasant Bank 1 6.13% $13,073
    SUMMIT HOME MORTGAGE, LLC 1 6.75% $3,648
    TOP FLITE FINANCIAL, INC. 1 6.99% $13,209
    USAA Federal Savings Bank 1 6.25% $6,260
    CARDINAL FINANCIAL 1 6.75% $14,104
    GVC MORTGAGE, INC. 1 6.63% $12,514
    HOMESIDE FINANCIAL, LLC 1 6.63% $2,239
    JPMorgan Chase Bank 1 5.75% $3,527
    Listerhill Credit Union 1 6.13% $13,588
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    NEW DAY FINANCIAL, LLC 1 7.75% $12,363
    NFM, INC. 1 6.13% $14,412
    Northpointe Bank 1 5.63% $4,062

    The top Sturgis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 14 VA loans originated. Their average total fees are $5,209, which is $471 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Sturgis VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,209), .

    The lowest rate Sturgis VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.49%), .

    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.