Syracuse VA Loan Rates, Closing Costs & Stats

SYRACUSE, NY

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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.

    Syracuse's 51 lenders originated 392 VA loans during 2024. The total origination value was $103,460,000, with an average VA loan value of $263,929.

    Syracuse VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Syracuse averaged 6.81% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

    Syracuse's average VA mortgage closing costs are $5,892.

    The average rate for the prior week (2025-05-02) was 6.53% and one month ago for the week of 2025-04-04, the average rate was 6.28%.

    The average rate one year ago was 7.06%.

    For refis of the same type during the week of 2025-05-09, the average rate was 7.26%.

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

    Syracuse 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 Syracuse level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 63 6.55% $5,877
    QUICKEN LOANS, LLC 57 6.33% $10,628
    NAVY FEDERAL CREDIT UNION 35 5.96% $7,538
    USAA Federal Savings Bank 25 6.48% $9,445
    MOVEMENT MORTGAGE, LLC 25 6.76% $8,435
    PLAZA HOME MORTGAGE, INC. 15 6.65% $7,648
    Barrington Bank & Trust Company, N.A. 14 6.57% $7,213
    EVERETT FINANCIAL, INC. 13 6.69% $11,611
    SEFCU SERVICES, LLC 10 5.73% $6,710
    HOMESTEAD FUNDING CORP. 9 6.29% $6,141
    PENTAGON FEDERAL CREDIT UNION 7 6.39% $5,992
    FREEDOM MORTGAGE CORPORATION 7 6.54% $12,524
    Premium Mortgage Corporation 6 6.23% $6,737
    RELIANCE FIRST CAPITAL, LLC 6 6.46% $8,548
    The Federal Savings Bank 6 6.25% $20,546
    HUNT MORTGAGE CORPORATION 6 6.81% $4,989
    PLANET HOME LENDING, LLC 5 5.85% $3,858
    LOANDEPOT.COM, LLC 4 6.13% $11,820
    NEWREZ LLC 4 6.34% $6,771
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.69% $5,850
    CROSSCOUNTRY MORTGAGE, LLC 4 6.75% $8,894
    Genesee Regional Bank 4 6.22% $8,766
    AMERICU Credit Union 3 5.83% $8,694
    Equity Prime Mortgage LLC 3 6.29% $5,515
    Mr. Cooper ( Nationstar Mortgage ) 3 6.54% $13,701
    JPMorgan Chase Bank 2 6.50% $11,020
    Wells Fargo Bank 2 6.44% $5,056
    Flagstar Bank, FSB 2 7.75% $10,787
    NBKC BANK 2 6.00% $9,375
    First Federal Bank 2 5.94% $11,180
    PARAGON HOME LOANS INC. 2 6.25% $9,917
    CARDINAL FINANCIAL 2 6.75% $14,861
    AMERICAN FINANCIAL NETWORK, INC. 2 6.75% $2,006
    KeyBank 2 6.19% $5,285
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $2,803
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $2,778
    UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $13,807
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $5,326
    Community Bank 1 5.75% $9,548
    CMG MORTGAGE, INC. 1 4.99% $14,845
    Carrington Mortgage Services, LLC 1 6.13% $6,161
    ALLIANT CREDIT UNION 1 6.00% $10,715
    1ST PRIORITY MORTGAGE, INC. 1 6.63% $5,226
    Magnolia Bank 1 6.50% $19,478
    MID-ISLAND MORTGAGE CORP. 1 7.00% $9,757
    HOME TOWN FUNDING, INC. 1 6.63% $2,215
    GUARANTEED RATE, INC. 1 6.25% $6,785
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $11,031
    M&T Bank 1 6.75% $3,457
    AMERICAN FINANCING CORPORATION 1 6.13% $8,120
    U.S. Bank 1 5.25% $3,592

    The top Syracuse VA lender as defined by loan originations is Mortgage Research Center, LLC, with 63 VA loans originated. Their average total fees are $5,877, which is $4,752 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Syracuse VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,877), SEFCU SERVICES, LLC ($6,710), Barrington Bank & Trust Company, N.A. ($7,213), NAVY FEDERAL CREDIT UNION ($7,538) and PLAZA HOME MORTGAGE, INC. ($7,648).

    The lowest rate Syracuse VA lenders (with over 10 loans originated) are SEFCU SERVICES, LLC (5.73%), NAVY FEDERAL CREDIT UNION (5.96%), QUICKEN LOANS, LLC (6.33%), USAA Federal Savings Bank (6.48%) and Mortgage Research Center, LLC (6.55%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Syracuse (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 $148,950 (5.5%) $200,081 (-0.9%) 0.55 1,810
    2018-02-01 $154,850 (6.2%) $207,290 (3.5%) 0.56 1,690
    2018-03-01 $162,900 (6.9%) $215,529 (3.4%) 0.57 1,673
    2018-04-01 $169,950 (3.0%) $225,078 (3.3%) 0.58 1,665
    2018-05-01 $174,900 (6.0%) $227,862 (3.7%) 0.58 1,741
    2018-06-01 $175,000 (5.1%) $237,118 (5.6%) 0.58 1,920
    2018-07-01 $179,700 (9.0%) $242,082 (10.8%) 0.60 2,033
    2018-08-01 $179,900 (9.1%) $240,878 (10.7%) 0.60 2,087
    2018-09-01 $175,000 (9.4%) $236,417 (12.1%) 0.59 2,061
    2018-10-01 $174,950 (9.7%) $235,491 (12.8%) 0.59 2,057
    2018-11-01 $169,950 (9.7%) $235,310 (13.3%) 0.58 1,923
    2018-12-01 $169,900 (13.3%) $238,105 (16.6%) 0.59 1,721
    2019-01-01 $167,450 (12.4%) $239,692 (19.8%) 0.58 1,493
    2019-02-01 $173,700 (12.2%) $235,187 (13.5%) 0.59 1,454
    2019-03-01 $185,614 (13.9%) $247,073 (14.6%) 0.61 1,445
    2019-04-01 $199,900 (17.6%) $264,669 (17.6%) 0.63 1,436
    2019-05-01 $199,900 (14.3%) $268,203 (17.7%) 0.62 1,479
    2019-06-01 $199,900 (14.2%) $269,488 (13.7%) 0.62 1,618
    2019-07-01 $199,900 (11.2%) $273,587 (13.0%) 0.63 1,727
    2019-08-01 $192,700 (7.1%) $262,337 (8.9%) 0.61 1,774
    2019-09-01 $185,500 (6.0%) $254,597 (7.7%) 0.59 1,798
    2019-10-01 $179,900 (2.8%) $248,245 (5.4%) 0.58 1,818
    2019-11-01 $176,900 (4.1%) $249,928 (6.2%) 0.58 1,687
    2019-12-01 $171,250 (0.8%) $252,807 (6.2%) 0.57 1,534
    2020-01-01 $166,880 (-0.3%) $251,098 (4.8%) 0.56 1,362
    2020-02-01 $176,900 (1.8%) $261,561 (11.2%) 0.58 1,267
    2020-03-01 $184,925 (-0.4%) $270,996 (9.7%) 0.58 1,167
    2020-04-01 $189,950 (-5.0%) $279,534 (5.6%) 0.60 1,091
    2020-05-01 $196,000 (-2.0%) $285,174 (6.3%) 0.60 1,020
    2020-06-01 $200,750 (0.4%) $303,621 (12.7%) 0.59 1,074
    2020-07-01 $199,950 (0.0%) $316,797 (15.8%) 0.58 1,007
    2020-08-01 $199,900 (3.7%) $305,883 (16.6%) 0.57 1,008
    2020-09-01 $199,225 (7.4%) $308,869 (21.3%) 0.57 1,015
    2020-10-01 $189,900 (5.6%) $293,688 (18.3%) 0.54 1,019
    2020-11-01 $189,200 (7.0%) $295,843 (18.4%) 0.55 917
    2020-12-01 $186,600 (9.0%) $302,772 (19.8%) 0.55 853
    2021-01-01 $179,900 (7.8%) $304,069 (21.1%) 0.54 713
    2021-02-01 $196,450 (11.1%) $325,645 (24.5%) 0.57 597
    2021-03-01 $202,400 (9.5%) $335,188 (23.7%) 0.57 589
    2021-04-01 $219,200 (15.4%) $344,570 (23.3%) 0.59 620
    2021-05-01 $219,900 (12.2%) $353,649 (24.0%) 0.58 675
    2021-06-01 $222,175 (10.7%) $353,745 (16.5%) 0.58 787
    2021-07-01 $219,900 (10.0%) $349,991 (10.5%) 0.58 882
    2021-08-01 $194,450 (-2.7%) $315,691 (3.2%) 0.52 947
    2021-09-01 $188,400 (-5.4%) $314,887 (2.0%) 0.50 911
    2021-10-01 $189,900 (0.0%) $309,476 (5.4%) 0.51 908
    2021-11-01 $181,200 (-4.2%) $307,452 (3.9%) 0.48 779
    2021-12-01 $179,900 (-3.6%) $317,568 (4.9%) 0.49 648
    2022-01-01 $188,500 (4.8%) $320,459 (5.4%) 0.51 562
    2022-02-01 $184,950 (-5.9%) $339,385 (4.2%) 0.48 516
    2022-03-01 $195,450 (-3.4%) $341,667 (1.9%) 0.49 517
    2022-04-01 $199,900 (-8.8%) $336,863 (-2.2%) 0.48 525
    2022-05-01 $217,450 (-1.1%) $332,070 (-6.1%) 0.50 602
    2022-06-01 $229,925 (3.5%) $352,357 (-0.4%) 0.51 696
    2022-07-01 $234,900 (6.8%) $362,483 (3.6%) 0.53 775
    2022-08-01 $224,125 (15.3%) $353,591 (12.0%) 0.52 781
    2022-09-01 $219,900 (16.7%) $343,712 (9.2%) 0.51 784
    2022-10-01 $214,950 (13.2%) $337,863 (9.2%) 0.51 797
    2022-11-01 $211,225 (16.6%) $344,896 (12.2%) 0.51 739
    2022-12-01 $209,000 (16.2%) $359,626 (13.2%) 0.52 638
    2023-01-01 $205,000 (8.8%) $361,588 (12.8%) 0.51 537
    2023-02-01 $226,610 (22.5%) $366,748 (8.1%) 0.55 513
    2023-03-01 $234,900 (20.2%) $359,347 (5.2%) 0.55 516
    2023-04-01 $242,900 (21.5%) $369,479 (9.7%) 0.56 531
    2023-05-01 $229,400 (5.5%) $366,545 (10.4%) 0.52 543
    2023-06-01 $267,400 (16.3%) $390,796 (10.9%) 0.60 576
    2023-07-01 $260,000 (10.7%) $395,590 (9.1%) 0.59 602
    2023-08-01 $262,175 (17.0%) $386,820 (9.4%) 0.60 652
    2023-09-01 $256,250 (16.5%) $379,921 (10.5%) 0.60 680
    2023-10-01 $259,450 (20.7%) $377,457 (11.7%) 0.61 696
    2023-11-01 $242,900 (15.0%) $366,953 (6.4%) 0.58 687
    2023-12-01 $249,900 (19.6%) $366,179 (1.8%) 0.61 628
    2024-01-01 $256,950 (25.3%) $382,461 (5.8%) 0.63 576
    2024-02-01 $252,450 (11.4%) $382,569 (4.3%) 0.61 519
    2024-03-01 $274,900 (17.0%) $397,432 (10.6%) 0.65 516
    2024-04-01 $272,500 (12.2%) $381,724 (3.3%) 0.63 514
    2024-05-01 $314,900 (37.3%) $417,805 (14.0%) 0.72 558
    2024-06-01 $335,750 (25.6%) $431,060 (10.3%) 0.76 574
    2024-07-01 $337,450 (29.8%) $774,730 (95.8%) 0.77 659
    2024-08-01 $325,000 (24.0%) $743,814 (92.3%) 0.76 712
    2024-09-01 $299,450 (16.9%) $672,779 (77.1%) 0.70 829
    2024-10-01 $294,475 (13.5%) $653,491 (73.1%) 0.69 819
    2024-11-01 $285,000 (17.3%) $640,306 (74.5%) 0.68 805
    2024-12-01 $284,000 (13.7%) $679,411 (85.5%) 0.71 690
    2025-01-01 $289,450 (12.7%) $741,781 (94.0%) 0.72 595
    2025-02-01 $287,400 (13.8%) $760,146 (98.7%) 0.70 590
    2025-03-01 $295,000 (7.3%) $841,337 (111.7%) 0.69 493
    2025-04-01 $349,225 (28.2%) $828,984 (117.2%) 0.81 530
    Syracuse's median listing price for 2025-04-01 was $349,225, a difference of $76,725 (28.2%) versus the prior year and $54,225 versus the prior month.

    Syracuse's median listing price comes in at 81% of the national average.

    Syracuse's average listing price for 2025-04-01 was $828,984, a difference of $447,260 (117.2%) versus the prior year and $-12,353 versus the prior month.

    For the 2025-04-01 period, Syracuse had 530 MLS listings, a difference of 37 listings (8%) versus the prior month and 16 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Syracuse (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 89 days 1,678 sqft
    2018-02-01 94 days 1,692 sqft
    2018-03-01 72 days 1,718 sqft
    2018-04-01 58 days 1,734 sqft
    2018-05-01 50 days 1,766 sqft
    2018-06-01 46 days 1,776 sqft
    2018-07-01 49 days 1,787 sqft
    2018-08-01 57 days 1,784 sqft
    2018-09-01 64 days 1,766 sqft
    2018-10-01 69 days 1,769 sqft
    2018-11-01 73 days 1,766 sqft
    2018-12-01 85 days 1,753 sqft
    2019-01-01 91 days 1,754 sqft
    2019-02-01 79 days 1,757 sqft
    2019-03-01 63 days 1,784 sqft
    2019-04-01 52 days 1,816 sqft
    2019-05-01 51 days 1,800 sqft
    2019-06-01 45 days 1,802 sqft
    2019-07-01 48 days 1,799 sqft
    2019-08-01 53 days 1,780 sqft
    2019-09-01 61 days 1,773 sqft
    2019-10-01 67 days 1,766 sqft
    2019-11-01 71 days 1,758 sqft
    2019-12-01 83 days 1,748 sqft
    2020-01-01 97 days 1,727 sqft
    2020-02-01 100 days 1,749 sqft
    2020-03-01 87 days 1,773 sqft
    2020-04-01 88 days 1,786 sqft
    2020-05-01 96 days 1,800 sqft
    2020-06-01 68 days 1,810 sqft
    2020-07-01 54 days 1,806 sqft
    2020-08-01 59 days 1,795 sqft
    2020-09-01 59 days 1,790 sqft
    2020-10-01 55 days 1,782 sqft
    2020-11-01 66 days 1,769 sqft
    2020-12-01 76 days 1,758 sqft
    2021-01-01 80 days 1,717 sqft
    2021-02-01 79 days 1,761 sqft
    2021-03-01 58 days 1,762 sqft
    2021-04-01 42 days 1,753 sqft
    2021-05-01 43 days 1,777 sqft
    2021-06-01 40 days 1,790 sqft
    2021-07-01 43 days 1,738 sqft
    2021-08-01 48 days 1,701 sqft
    2021-09-01 51 days 1,679 sqft
    2021-10-01 57 days 1,680 sqft
    2021-11-01 67 days 1,641 sqft
    2021-12-01 74 days 1,634 sqft
    2022-01-01 77 days 1,645 sqft
    2022-02-01 75 days 1,642 sqft
    2022-03-01 63 days 1,646 sqft
    2022-04-01 51 days 1,653 sqft
    2022-05-01 38 days 1,686 sqft
    2022-06-01 35 days 1,719 sqft
    2022-07-01 43 days 1,729 sqft
    2022-08-01 49 days 1,731 sqft
    2022-09-01 56 days 1,705 sqft
    2022-10-01 58 days 1,666 sqft
    2022-11-01 61 days 1,645 sqft
    2022-12-01 72 days 1,630 sqft
    2023-01-01 84 days 1,616 sqft
    2023-02-01 83 days 1,652 sqft
    2023-03-01 64 days 1,655 sqft
    2023-04-01 54 days 1,667 sqft
    2023-05-01 54 days 1,613 sqft
    2023-06-01 49 days 1,700 sqft
    2023-07-01 50 days 1,715 sqft
    2023-08-01 52 days 1,692 sqft
    2023-09-01 54 days 1,700 sqft
    2023-10-01 57 days 1,699 sqft
    2023-11-01 54 days 1,663 sqft
    2023-12-01 61 days 1,623 sqft
    2024-01-01 73 days 1,624 sqft
    2024-02-01 79 days 1,605 sqft
    2024-03-01 61 days 1,632 sqft
    2024-04-01 55 days 1,641 sqft
    2024-05-01 37 days 1,660 sqft
    2024-06-01 39 days 1,704 sqft
    2024-07-01 39 days 1,709 sqft
    2024-08-01 45 days 1,701 sqft
    2024-09-01 44 days 1,691 sqft
    2024-10-01 51 days 1,671 sqft
    2024-11-01 59 days 1,621 sqft
    2024-12-01 75 days 1,660 sqft
    2025-01-01 86 days 1,662 sqft
    2025-02-01 98 days 1,632 sqft
    2025-03-01 73 days 1,652 sqft
    2025-04-01 56 days 1,708 sqft
    Syracuse's median listing age (time on market) for 2025-04-01 was 56 days. This is 2% longer than the same period one year ago.

    Syracuse's median square footage for active listings during the 2025-04-01 period was 1,708 sqft. One year prior, the average listing was 1,641 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.