Torrington VA Loan Rates, Closing Costs & Stats

Torrington, CT

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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.

    Torrington's 28 lenders originated 99 VA loans during 2023. The total origination value was $32,155,000, with an average VA loan value of $324,798.

    Torrington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Torrington averaged 6.49% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Torrington's average VA mortgage closing costs are $6,539.

    The average rate for the prior week (2025-02-07) was 6.52% and one month ago for the week of 2025-01-10, the average rate was 6.66%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.78%.

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

    Torrington 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 Torrington level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.85% $8,921
    NAVY FEDERAL CREDIT UNION 9 5.42% $4,995
    LOANDEPOT.COM, LLC 8 6.47% $17,059
    QUICKEN LOANS, LLC 6 6.83% $10,180
    UNITED WHOLESALE MORTGAGE, LLC 6 6.44% $15,848
    NORWICH COMMERCIAL GROUP, INC. 5 6.63% $6,253
    PENNYMAC LOAN SERVICES, LLC 4 5.28% $10,125
    Flagstar Bank, FSB 3 6.46% $9,242
    FREEDOM MORTGAGE CORPORATION 2 6.75% $15,589
    NEWREZ LLC 2 6.44% $12,530
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.25% $4,499
    PLAZA HOME MORTGAGE, INC. 2 5.94% $8,669
    Semper Home Loans, Inc. 2 7.31% $9,878
    CMG MORTGAGE, INC. 2 6.44% $11,014
    TOTAL MORTGAGE SERVICES, LLC 2 6.38% $10,381
    USAA Federal Savings Bank 1 6.00% $2,877
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $17,006
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $5,929
    Barrington Bank & Trust Company, N.A. 1 6.75% $8,294
    Chelsea Groton Bank 1 6.13% $3,853
    First Federal Bank 1 6.50% $5,496
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $3,922
    GUARANTEED RATE, INC. 1 6.88% $1,778
    GUILD MORTGAGE COMPANY 1 7.13% $13,356
    Leader Bank 1 7.50% $10,377
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $25,299
    T2 FINANCIAL LLC 1 7.75% $6,806
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $7,163

    The top Torrington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $8,921, which is $3,926 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Torrington VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,921), .

    The lowest rate Torrington VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.85%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Torrington (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 $361,750 (3.4%) $723,270 (-2.0%) 1.30 988
    2018-02-01 $377,450 (7.8%) $743,241 (-0.4%) 1.29 976
    2018-03-01 $383,000 (5.2%) $726,989 (-6.7%) 1.26 1,008
    2018-04-01 $374,975 (-1.3%) $717,536 (-8.2%) 1.22 1,040
    2018-05-01 $371,200 (-2.2%) $715,817 (-5.5%) 1.17 1,135
    2018-06-01 $369,900 (-1.3%) $728,871 (-3.5%) 1.17 1,233
    2018-07-01 $367,000 (-2.1%) $734,095 (-2.1%) 1.17 1,281
    2018-08-01 $366,500 (2.2%) $740,576 (2.1%) 1.19 1,283
    2018-09-01 $362,450 (-1.6%) $747,122 (2.9%) 1.17 1,277
    2018-10-01 $362,475 (-1.8%) $751,247 (5.6%) 1.17 1,254
    2018-11-01 $373,975 (1.4%) $770,644 (6.7%) 1.19 1,166
    2018-12-01 $374,900 (4.2%) $790,748 (12.0%) 1.20 1,082
    2019-01-01 $375,000 (3.7%) $809,632 (11.9%) 1.21 992
    2019-02-01 $392,500 (4.0%) $811,616 (9.2%) 1.19 978
    2019-03-01 $414,407 (8.2%) $823,942 (13.3%) 1.20 980
    2019-04-01 $433,700 (15.7%) $814,283 (13.5%) 1.20 993
    2019-05-01 $425,750 (14.7%) $793,033 (10.8%) 1.15 1,080
    2019-06-01 $409,900 (10.8%) $770,058 (5.7%) 1.15 1,180
    2019-07-01 $417,200 (13.7%) $764,789 (4.2%) 1.16 1,194
    2019-08-01 $410,909 (12.1%) $755,661 (2.0%) 1.17 1,181
    2019-09-01 $404,773 (11.7%) $744,934 (-0.3%) 1.18 1,179
    2019-10-01 $400,682 (10.5%) $739,403 (-1.6%) 1.20 1,178
    2019-11-01 $425,000 (13.6%) $765,348 (-0.7%) 1.27 1,067
    2019-12-01 $429,000 (14.4%) $787,729 (-0.4%) 1.30 957
    2020-01-01 $429,900 (14.6%) $790,250 (-2.4%) 1.32 880
    2020-02-01 $435,000 (10.8%) $787,170 (-3.0%) 1.29 818
    2020-03-01 $452,450 (9.2%) $810,716 (-1.6%) 1.25 779
    2020-04-01 $459,975 (6.1%) $823,712 (1.2%) 1.25 736
    2020-05-01 $465,000 (9.2%) $801,744 (1.1%) 1.20 661
    2020-06-01 $493,750 (20.5%) $902,294 (17.2%) 1.23 653
    2020-07-01 $509,000 (22.0%) $928,218 (21.4%) 1.29 660
    2020-08-01 $499,900 (21.7%) $917,514 (21.4%) 1.26 643
    2020-09-01 $519,950 (28.5%) $931,458 (25.0%) 1.34 635
    2020-10-01 $525,000 (31.0%) $963,803 (30.4%) 1.37 635
    2020-11-01 $533,250 (25.5%) $1,012,222 (32.3%) 1.43 559
    2020-12-01 $546,000 (27.3%) $1,046,728 (32.9%) 1.49 511
    2021-01-01 $549,900 (27.9%) $1,210,425 (53.2%) 1.52 432
    2021-02-01 $577,375 (32.7%) $1,283,853 (63.1%) 1.54 362
    2021-03-01 $573,500 (26.8%) $1,344,675 (65.9%) 1.54 355
    2021-04-01 $581,000 (26.3%) $1,311,068 (59.2%) 1.46 340
    2021-05-01 $566,835 (21.9%) $1,289,869 (60.9%) 1.46 366
    2021-06-01 $567,393 (14.9%) $1,280,863 (42.0%) 1.39 408
    2021-07-01 $552,500 (8.6%) $1,222,706 (31.7%) 1.32 474
    2021-08-01 $549,000 (9.8%) $1,187,708 (29.5%) 1.33 483
    2021-09-01 $527,950 (1.5%) $1,176,187 (26.3%) 1.33 474
    2021-10-01 $525,000 (0.0%) $1,149,606 (19.3%) 1.31 463
    2021-11-01 $547,175 (2.6%) $1,215,543 (20.1%) 1.32 401
    2021-12-01 $553,950 (1.5%) $1,240,961 (18.6%) 1.36 348
    2022-01-01 $579,950 (5.5%) $1,414,569 (16.9%) 1.43 301
    2022-02-01 $637,475 (10.4%) $1,515,488 (18.0%) 1.46 246
    2022-03-01 $627,100 (9.4%) $1,460,719 (8.6%) 1.37 236
    2022-04-01 $649,900 (11.9%) $1,424,340 (8.6%) 1.31 249
    2022-05-01 $684,900 (20.8%) $1,484,814 (15.1%) 1.23 286
    2022-06-01 $670,375 (18.2%) $1,442,738 (12.6%) 1.22 328
    2022-07-01 $630,000 (14.0%) $1,330,169 (8.8%) 1.22 356
    2022-08-01 $660,000 (20.2%) $1,382,639 (16.4%) 1.28 361
    2022-09-01 $665,550 (26.1%) $1,401,839 (19.2%) 1.29 347
    2022-10-01 $649,900 (23.8%) $1,381,322 (20.2%) 1.28 327
    2022-11-01 $614,975 (12.4%) $1,402,145 (15.4%) 1.27 298
    2022-12-01 $600,000 (8.3%) $1,409,187 (13.6%) 1.36 273
    2023-01-01 $624,500 (7.7%) $1,480,433 (4.7%) 1.40 233
    2023-02-01 $687,450 (7.8%) $1,482,156 (-2.2%) 1.44 211
    2023-03-01 $720,175 (14.8%) $1,546,646 (5.9%) 1.52 206
    2023-04-01 $767,500 (18.1%) $1,587,214 (11.4%) 1.57 214
    2023-05-01 $799,000 (16.7%) $1,643,527 (10.7%) 1.56 234
    2023-06-01 $795,000 (18.6%) $1,477,277 (2.4%) 1.47 259
    2023-07-01 $770,000 (22.2%) $1,386,297 (4.2%) 1.57 253
    2023-08-01 $721,425 (9.3%) $1,330,905 (-3.7%) 1.46 250
    2023-09-01 $733,300 (10.2%) $1,325,411 (-5.5%) 1.44 268
    2023-10-01 $763,000 (17.4%) $1,327,182 (-3.9%) 1.53 284
    2023-11-01 $757,475 (23.2%) $1,269,958 (-9.4%) 1.55 276
    2023-12-01 $729,150 (21.5%) $1,252,861 (-11.1%) 1.54 244
    2024-01-01 $699,225 (12.0%) $1,210,518 (-18.2%) 1.51 210
    2024-02-01 $673,225 (-2.1%) $1,123,258 (-24.2%) 1.44 205
    2024-03-01 $675,000 (-6.3%) $1,209,904 (-21.8%) 1.41 205
    2024-04-01 $718,675 (-6.4%) $1,270,361 (-20.0%) 1.49 218
    2024-05-01 $742,500 (-7.1%) $1,350,532 (-17.8%) 1.51 248
    2024-06-01 $685,000 (-13.8%) $1,241,623 (-16.0%) 1.40 295
    2024-07-01 $680,000 (-11.7%) $1,283,840 (-7.4%) 1.37 295
    2024-08-01 $647,450 (-10.3%) $1,264,508 (-5.0%) 1.35 299
    2024-09-01 $681,850 (-7.0%) $1,372,867 (3.6%) 1.41 322
    2024-10-01 $664,900 (-12.9%) $1,335,733 (0.6%) 1.40 332
    2024-11-01 $699,900 (-7.6%) $1,427,994 (12.4%) 1.44 303
    2024-12-01 $724,750 (-0.6%) $1,491,866 (19.1%) 1.55 248
    2025-01-01 $685,000 (-2.0%) $1,380,680 (14.1%) 0.00 209
    Torrington's median listing price for 2025-01-01 was $685,000, a difference of $-14,225 (-2.0%) versus the prior year and $-39,750 versus the prior month.

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

    Torrington's average listing price for 2025-01-01 was $1,380,680, a difference of $170,162 (14.1%) versus the prior year and $-111,186 versus the prior month.

    For the 2025-01-01 period, Torrington had 209 MLS listings, a difference of -39 listings (-16%) versus the prior month and -1 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Torrington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 119 days 2,160 sqft
    2018-02-01 128 days 2,183 sqft
    2018-03-01 109 days 2,201 sqft
    2018-04-01 70 days 2,170 sqft
    2018-05-01 65 days 2,160 sqft
    2018-06-01 68 days 2,160 sqft
    2018-07-01 75 days 2,161 sqft
    2018-08-01 86 days 2,157 sqft
    2018-09-01 92 days 2,120 sqft
    2018-10-01 98 days 2,094 sqft
    2018-11-01 102 days 2,118 sqft
    2018-12-01 108 days 2,118 sqft
    2019-01-01 120 days 2,106 sqft
    2019-02-01 124 days 2,145 sqft
    2019-03-01 104 days 2,185 sqft
    2019-04-01 76 days 2,231 sqft
    2019-05-01 65 days 2,320 sqft
    2019-06-01 66 days 2,400 sqft
    2019-07-01 74 days 2,404 sqft
    2019-08-01 80 days 2,409 sqft
    2019-09-01 85 days 2,398 sqft
    2019-10-01 90 days 2,388 sqft
    2019-11-01 101 days 2,397 sqft
    2019-12-01 116 days 2,388 sqft
    2020-01-01 126 days 2,365 sqft
    2020-02-01 128 days 2,366 sqft
    2020-03-01 109 days 2,413 sqft
    2020-04-01 91 days 2,410 sqft
    2020-05-01 86 days 2,400 sqft
    2020-06-01 68 days 2,480 sqft
    2020-07-01 49 days 2,540 sqft
    2020-08-01 51 days 2,516 sqft
    2020-09-01 51 days 2,499 sqft
    2020-10-01 50 days 2,527 sqft
    2020-11-01 64 days 2,580 sqft
    2020-12-01 83 days 2,607 sqft
    2021-01-01 100 days 2,581 sqft
    2021-02-01 114 days 2,584 sqft
    2021-03-01 97 days 2,511 sqft
    2021-04-01 46 days 2,487 sqft
    2021-05-01 41 days 2,487 sqft
    2021-06-01 40 days 2,474 sqft
    2021-07-01 43 days 2,346 sqft
    2021-08-01 46 days 2,244 sqft
    2021-09-01 57 days 2,220 sqft
    2021-10-01 67 days 2,220 sqft
    2021-11-01 74 days 2,224 sqft
    2021-12-01 78 days 2,230 sqft
    2022-01-01 88 days 2,367 sqft
    2022-02-01 89 days 2,448 sqft
    2022-03-01 48 days 2,289 sqft
    2022-04-01 38 days 2,276 sqft
    2022-05-01 30 days 2,321 sqft
    2022-06-01 32 days 2,439 sqft
    2022-07-01 38 days 2,355 sqft
    2022-08-01 45 days 2,506 sqft
    2022-09-01 54 days 2,477 sqft
    2022-10-01 64 days 2,475 sqft
    2022-11-01 70 days 2,450 sqft
    2022-12-01 82 days 2,431 sqft
    2023-01-01 93 days 2,389 sqft
    2023-02-01 97 days 2,544 sqft
    2023-03-01 56 days 2,523 sqft
    2023-04-01 51 days 2,618 sqft
    2023-05-01 38 days 2,617 sqft
    2023-06-01 34 days 2,490 sqft
    2023-07-01 45 days 2,304 sqft
    2023-08-01 51 days 2,379 sqft
    2023-09-01 50 days 2,425 sqft
    2023-10-01 48 days 2,469 sqft
    2023-11-01 60 days 2,474 sqft
    2023-12-01 72 days 2,448 sqft
    2024-01-01 81 days 2,413 sqft
    2024-02-01 73 days 2,369 sqft
    2024-03-01 55 days 2,252 sqft
    2024-04-01 45 days 2,266 sqft
    2024-05-01 38 days 2,404 sqft
    2024-06-01 37 days 2,246 sqft
    2024-07-01 44 days 2,260 sqft
    2024-08-01 51 days 2,213 sqft
    2024-09-01 50 days 2,245 sqft
    2024-10-01 51 days 2,229 sqft
    2024-11-01 61 days 2,238 sqft
    2024-12-01 78 days 2,245 sqft
    2025-01-01 0 days 2,238 sqft
    Torrington's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Torrington's median square footage for active listings during the 2025-01-01 period was 2,238 sqft. One year prior, the average listing was 2,413 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.