Taylorville VA Loan Rates, Closing Costs & Stats

Taylorville, IL

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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.

    Taylorville's 10 lenders originated 26 VA loans during 2023. The total origination value was $4,420,000, with an average VA loan value of $170,000.

    Taylorville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Taylorville averaged 6.99% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Taylorville's average VA mortgage closing costs are $3,875.

    The average rate for the prior week (2024-04-12) was 7.12% and one month ago for the week of 2024-03-15, the average rate was 6.98%.

    The average rate one year ago was 6.57%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Taylorville 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 Taylorville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 12 7.01% $3,934
    FLAT BRANCH MORTGAGE, INC. 3 6.88% $6,972
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.38% $5,488
    INB 1 7.00% $5,197
    LOANDEPOT.COM, LLC 1 5.88% $12,644
    NBKC BANK 1 6.00% $1,773
    AMCAP MORTGAGE, LTD. 1 6.13% $7,351
    VILLAGE CAPITAL MORTGAGE 1 5.75% $5,940
    GERSHMAN INVESTMENT CORP. 1 6.63% $6,705
    GUARANTEED RATE, INC. 1 6.75% $2,154

    The top Taylorville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 12 VA loans originated. Their average total fees are $3,934, which is $3,038 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Taylorville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,934), .

    The lowest rate Taylorville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.01%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Taylorville (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 $88,000 (10.7%) $108,781 (2.5%) 0.00 149
    2018-02-01 $87,700 (14.1%) $107,365 (3.8%) 0.00 158
    2018-03-01 $87,500 (11.4%) $109,603 (8.6%) 0.00 159
    2018-04-01 $88,225 (10.4%) $113,824 (4.3%) 0.00 159
    2018-05-01 $88,800 (11.1%) $112,894 (0.9%) 0.00 169
    2018-06-01 $94,900 (15.9%) $117,943 (0.9%) 0.00 174
    2018-07-01 $92,075 (7.8%) $117,143 (0.4%) 0.00 180
    2018-08-01 $89,900 (2.2%) $113,504 (-4.5%) 0.00 189
    2018-09-01 $89,900 (4.7%) $111,386 (-3.5%) 0.00 199
    2018-10-01 $88,750 (1.9%) $106,432 (-3.4%) 0.00 199
    2018-11-01 $89,125 (4.3%) $105,786 (-0.7%) 0.00 187
    2018-12-01 $83,350 (-1.9%) $103,090 (-2.3%) 0.00 164
    2019-01-01 $80,550 (-8.5%) $97,073 (-10.8%) 0.00 168
    2019-02-01 $79,900 (-8.9%) $96,207 (-10.4%) 0.00 163
    2019-03-01 $79,500 (-9.1%) $98,511 (-10.1%) 0.00 149
    2019-04-01 $79,850 (-9.5%) $102,931 (-9.6%) 0.00 142
    2019-05-01 $78,000 (-12.2%) $100,226 (-11.2%) 0.00 150
    2019-06-01 $83,350 (-12.2%) $109,239 (-7.4%) 0.00 160
    2019-07-01 $79,900 (-13.2%) $108,249 (-7.6%) 0.00 151
    2019-08-01 $82,432 (-8.3%) $114,588 (1.0%) 0.00 159
    2019-09-01 $82,330 (-8.4%) $116,695 (4.8%) 0.00 160
    2019-10-01 $82,486 (-7.1%) $118,100 (11.0%) 0.00 160
    2019-11-01 $84,900 (-4.7%) $119,875 (13.3%) 0.00 155
    2019-12-01 $82,000 (-1.6%) $119,697 (16.1%) 0.00 134
    2020-01-01 $79,900 (-0.8%) $115,819 (19.3%) 0.00 131
    2020-02-01 $79,900 (0.0%) $113,313 (17.8%) 0.00 132
    2020-03-01 $79,900 (0.5%) $111,765 (13.5%) 0.00 127
    2020-04-01 $79,900 (0.1%) $113,237 (10.0%) 0.00 111
    2020-05-01 $79,900 (2.4%) $112,809 (12.6%) 0.00 110
    2020-06-01 $79,900 (-4.1%) $107,462 (-1.6%) 0.00 120
    2020-07-01 $79,900 (0.0%) $107,842 (-0.4%) 0.00 122
    2020-08-01 $79,900 (-3.1%) $112,387 (-1.9%) 0.00 116
    2020-09-01 $82,450 (0.2%) $116,100 (-0.5%) 0.00 113
    2020-10-01 $79,900 (-3.1%) $111,499 (-5.6%) 0.00 120
    2020-11-01 $79,900 (-5.9%) $111,643 (-6.9%) 0.00 105
    2020-12-01 $81,800 (-0.2%) $121,888 (1.8%) 0.00 94
    2021-01-01 $78,450 (-1.8%) $115,086 (-0.6%) 0.00 83
    2021-02-01 $76,650 (-4.1%) $111,483 (-1.6%) 0.00 68
    2021-03-01 $79,200 (-0.9%) $116,795 (4.5%) 0.00 61
    2021-04-01 $77,800 (-2.6%) $117,191 (3.5%) 0.00 51
    2021-05-01 $82,500 (3.3%) $128,066 (13.5%) 0.00 55
    2021-06-01 $85,200 (6.6%) $134,174 (24.9%) 0.00 52
    2021-07-01 $82,500 (3.3%) $130,446 (21.0%) 0.00 60
    2021-08-01 $83,625 (4.7%) $114,826 (2.2%) 0.00 63
    2021-09-01 $77,400 (-6.1%) $101,035 (-13.0%) 0.00 69
    2021-10-01 $74,200 (-7.1%) $89,272 (-19.9%) 0.00 70
    2021-11-01 $72,825 (-8.9%) $90,685 (-18.8%) 0.00 64
    2021-12-01 $74,900 (-8.4%) $94,604 (-22.4%) 0.00 58
    2022-01-01 $74,900 (-4.5%) $98,058 (-14.8%) 0.00 52
    2022-02-01 $67,425 (-12.0%) $88,002 (-21.1%) 0.00 46
    2022-03-01 $71,250 (-10.0%) $101,946 (-12.7%) 0.00 38
    2022-04-01 $93,200 (19.8%) $121,848 (4.0%) 0.00 42
    2022-05-01 $95,350 (15.6%) $120,269 (-6.1%) 0.00 48
    2022-06-01 $83,650 (-1.8%) $114,693 (-14.5%) 0.00 46
    2022-07-01 $83,000 (0.6%) $126,706 (-2.9%) 0.00 41
    2022-08-01 $92,300 (10.4%) $126,837 (10.5%) 0.00 55
    2022-09-01 $87,464 (13.0%) $122,444 (21.2%) 0.00 55
    2022-10-01 $103,900 (40.0%) $144,458 (61.8%) 0.00 53
    2022-11-01 $111,450 (53.0%) $148,144 (63.4%) 0.00 56
    2022-12-01 $92,950 (24.1%) $138,339 (46.2%) 0.00 57
    2023-01-01 $92,850 (24.0%) $127,837 (30.4%) 0.00 54
    2023-02-01 $107,300 (59.1%) $134,416 (52.7%) 0.00 39
    2023-03-01 $103,650 (45.5%) $142,039 (39.3%) 0.00 41
    2023-04-01 $117,400 (26.0%) $148,376 (21.8%) 0.00 38
    2023-05-01 $114,850 (20.5%) $147,402 (22.6%) 0.00 36
    2023-06-01 $112,000 (33.9%) $162,933 (42.1%) 0.00 36
    2023-07-01 $103,450 (24.6%) $147,421 (16.4%) 0.00 37
    2023-08-01 $147,425 (59.7%) $162,332 (28.0%) 0.00 38
    2023-09-01 $145,000 (65.8%) $162,411 (32.6%) 0.00 47
    2023-10-01 $138,550 (33.4%) $160,802 (11.3%) 0.00 56
    2023-11-01 $146,200 (31.2%) $166,741 (12.6%) 0.00 57
    2023-12-01 $140,000 (50.6%) $161,155 (16.5%) 0.00 49
    2024-01-01 $146,225 (57.5%) $164,780 (28.9%) 0.00 46
    2024-02-01 $134,450 (25.3%) $166,759 (24.1%) 0.00 38
    2024-03-01 $128,750 (24.2%) $156,133 (9.9%) 0.00 35
    Taylorville's median listing price for 2024-03-01 was $128,750, a difference of $25,100 (24.2%) versus the prior year and $-5,700 versus the prior month.

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

    Taylorville's average listing price for 2024-03-01 was $156,133, a difference of $14,094 (9.9%) versus the prior year and $-10,626 versus the prior month.

    For the 2024-03-01 period, Taylorville had 35 MLS listings, a difference of -3 listings (-8%) versus the prior month and -6 listings (-15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Taylorville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,451 sqft
    2018-02-01 0 days 1,432 sqft
    2018-03-01 0 days 1,421 sqft
    2018-04-01 0 days 1,473 sqft
    2018-05-01 0 days 1,431 sqft
    2018-06-01 0 days 1,432 sqft
    2018-07-01 0 days 1,415 sqft
    2018-08-01 0 days 1,346 sqft
    2018-09-01 0 days 1,342 sqft
    2018-10-01 0 days 1,269 sqft
    2018-11-01 0 days 1,320 sqft
    2018-12-01 0 days 1,335 sqft
    2019-01-01 0 days 1,356 sqft
    2019-02-01 0 days 1,375 sqft
    2019-03-01 0 days 1,295 sqft
    2019-04-01 0 days 1,307 sqft
    2019-05-01 0 days 1,274 sqft
    2019-06-01 0 days 1,302 sqft
    2019-07-01 0 days 1,316 sqft
    2019-08-01 0 days 1,372 sqft
    2019-09-01 0 days 1,406 sqft
    2019-10-01 0 days 1,456 sqft
    2019-11-01 0 days 1,548 sqft
    2019-12-01 0 days 1,540 sqft
    2020-01-01 0 days 1,346 sqft
    2020-02-01 0 days 1,373 sqft
    2020-03-01 0 days 1,373 sqft
    2020-04-01 0 days 1,398 sqft
    2020-05-01 0 days 1,362 sqft
    2020-06-01 0 days 1,290 sqft
    2020-07-01 0 days 1,266 sqft
    2020-08-01 0 days 1,296 sqft
    2020-09-01 0 days 1,389 sqft
    2020-10-01 0 days 1,296 sqft
    2020-11-01 0 days 1,270 sqft
    2020-12-01 0 days 1,383 sqft
    2021-01-01 0 days 1,292 sqft
    2021-02-01 0 days 1,296 sqft
    2021-03-01 0 days 1,308 sqft
    2021-04-01 0 days 1,253 sqft
    2021-05-01 0 days 1,440 sqft
    2021-06-01 0 days 1,296 sqft
    2021-07-01 0 days 1,296 sqft
    2021-08-01 0 days 1,164 sqft
    2021-09-01 0 days 1,137 sqft
    2021-10-01 0 days 1,135 sqft
    2021-11-01 0 days 1,202 sqft
    2021-12-01 0 days 1,200 sqft
    2022-01-01 0 days 1,200 sqft
    2022-02-01 0 days 1,104 sqft
    2022-03-01 0 days 1,240 sqft
    2022-04-01 0 days 1,343 sqft
    2022-05-01 0 days 1,396 sqft
    2022-06-01 0 days 1,351 sqft
    2022-07-01 0 days 1,408 sqft
    2022-08-01 0 days 1,380 sqft
    2022-09-01 0 days 1,377 sqft
    2022-10-01 0 days 1,444 sqft
    2022-11-01 0 days 1,545 sqft
    2022-12-01 0 days 1,392 sqft
    2023-01-01 0 days 1,492 sqft
    2023-02-01 0 days 1,592 sqft
    2023-03-01 0 days 1,532 sqft
    2023-04-01 0 days 1,467 sqft
    2023-05-01 0 days 1,445 sqft
    2023-06-01 0 days 1,623 sqft
    2023-07-01 0 days 1,572 sqft
    2023-08-01 0 days 1,690 sqft
    2023-09-01 0 days 1,680 sqft
    2023-10-01 0 days 1,654 sqft
    2023-11-01 0 days 1,662 sqft
    2023-12-01 0 days 1,659 sqft
    2024-01-01 0 days 1,706 sqft
    2024-02-01 0 days 1,680 sqft
    2024-03-01 0 days 1,713 sqft
    Taylorville's median listing age (time on market) for 2024-03-01 was 0 days.

    Taylorville's median square footage for active listings during the 2024-03-01 period was 1,713 sqft. One year prior, the average listing was 1,532 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.