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 0.24% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.69% and one month ago for the week of 2025-05-16, the average rate was 6.75%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.99%.

    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%).

    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.