Trenton VA Loans

TRENTON-PRINCETON, NJ

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 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.

Trenton's 73 lenders originated 390 VA loans during 2021. The total origination value was $116,540,000, with an average VA loan value of $298,821.

Trenton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Trenton averaged 5.66% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.49% and one month ago for the week of 2022-04-08, the average rate was 4.91%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.48%.

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

Trenton VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Trenton level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 49 2.77% $7,553
QUICKEN LOANS, LLC 34 2.48% $5,748
FREEDOM MORTGAGE CORPORATION 30 2.39% $3,438
USAA Federal Savings Bank 13 2.84% $6,757
PENNYMAC LOAN SERVICES, LLC 13 2.28% $5,191
LOANDEPOT.COM, LLC 11 3.02% $7,648
UNITED WHOLESALE MORTGAGE, LLC 10 2.54% $4,883
NAVY FEDERAL CREDIT UNION 10 2.48% $6,837
CROSSCOUNTRY MORTGAGE, LLC 9 2.97% $10,740
NEW DAY FINANCIAL, LLC 8 2.64% $7,254
Mr. Cooper ( Nationstar Mortgage ) 8 2.95% $6,847
HOME POINT FINANCIAL CORPORATION 7 2.34% $9,202
The Federal Savings Bank 6 2.46% $10,506
LAKEVIEW LOAN SERVICING, LLC 6 2.56% $2,998
CALIBER HOME LOANS, INC. 5 2.40% $9,840
PENTAGON FEDERAL CREDIT UNION 5 2.33% $5,425
CLEARPATH LENDING 4 2.25% $5,498
AMERISAVE MORTGAGE CORPORATION 4 2.69% $7,744
GUARANTEED RATE, INC. 4 2.66% $7,189
Wells Fargo Bank 4 2.50% $6,601
FINANCE OF AMERICA MORTGAGE LLC 4 2.97% $11,141
Advisors Mortgage Group, L.L.C. 4 2.69% $8,114
Barrington Bank & Trust Company, N.A. 4 2.62% $5,122
ALLIED MORTGAGE GROUP, INC. 3 2.46% $5,959
Gateway First Bank 3 2.92% $6,985
Princeton Mortgage Corporation 3 2.38% $11,790
North American Savings Bank, F.S.B. 3 2.25% $3,458
Citizens Bank 3 2.50% $3,262
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.50% $7,617
Flagstar Bank, FSB 2 3.38% $5,068
Low VA Rates, LLC 2 2.25% $4,658
Magnolia Bank 2 3.63% $3,878
CONTOUR MORTGAGE CORPORATION 2 2.63% $6,226
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.56% $15,173
ACCELERATE MORTGAGE, LLC 2 2.00% $7,143
BNC National Bank 2 2.56% $2,035
OCMBC, INC. 2 3.00% $7,326
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.12% $14,157
SUCCESS MORTGAGE PARTNERS, INC. 2 2.93% $23,333
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.00% $3,004
AmRes Corporation 2 3.06% $10,865
MDE Home Loans, LLC 1 3.25% $10,948
AMERICAN ADVISORS GROUP 1 2.63% $5,070
AMERICAN FINANCIAL NETWORK, INC. 1 3.75% $10,499
AMERICAN FINANCING CORPORATION 1 2.75% $3,309
BAYSHORE MORTGAGE FUNDING, LLC 1 2.75% $2,807
BOND STREET MORTGAGE, LLC 1 2.25% $4,867
BROKER SOLUTIONS, INC. 1 3.75% $5,684
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $2,705
Carrington Mortgage Services, LLC 1 3.25% $2,670
CELEBRITY HOME LOANS, LLC 1 3.13% $2,862
Equity Prime Mortgage LLC 1 2.50% $4,608
FAMILY FIRST FUNDING LLC 1 3.50% $2,015
Financial Freedom Mortgage, LLC 1 4.00% $16,018
First Guaranty Mortgage Corporation 1 2.88% $2,903
First Mortgage Solutions, LLC 1 2.25% $3,050
GET A RATE LLC 1 2.25% $3,893
GUARANTEED RATE AFFINITY, LLC 1 2.25% $3,375
HomePromise Corporation 1 3.25% $30,430
KELLER MORTGAGE, LLC 1 2.88% $10,977
Keystone Funding, Inc. 1 2.75% $2,303
ABSOLUTE HOME MORTGAGE CORPORATION 1 3.50% $17,678
Meridian Bank Corporation 1 2.88% $4,109
MORTGAGE ACCESS CORP. 1 2.50% $7,363
MOVEMENT MORTGAGE, LLC 1 2.75% $20,260
NATION ONE MORTGAGE CORPORATION 1 4.63% $13,921
Nations Lending Corporation 1 2.63% $21,155
NBKC BANK 1 2.25% $4,081
NEWREZ LLC 1 2.63% $3,755
NJ LENDERS CORP. 1 2.88% $4,032
Prosperity Home Mortgage, LLC 1 2.88% $13,029
Strong Home Mortgage, LLC 1 2.25% $1,929
VILLAGE CAPITAL & INVESTMENT LLC 1 2.25% $6,586

The top Trenton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 49 VA loans originated. Their average total fees are $7,553, which is $1,805 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Trenton VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,438), UNITED WHOLESALE MORTGAGE, LLC ($4,883), PENNYMAC LOAN SERVICES, LLC ($5,191), QUICKEN LOANS, LLC ($5,748) and USAA Federal Savings Bank ($6,757).

The lowest rate Trenton VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.28%), FREEDOM MORTGAGE CORPORATION (2.39%), NAVY FEDERAL CREDIT UNION (2.48%), QUICKEN LOANS, LLC (2.48%) and UNITED WHOLESALE MORTGAGE, LLC (2.54%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Trenton (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 $244,950 (2.3%) $399,536 (-2.9%) 0.90 1,304
2018-02-01 $249,000 (2.9%) $403,980 (-1.7%) 0.90 1,360
2018-03-01 $279,900 (11.0%) $436,297 (0.0%) 0.97 1,352
2018-04-01 $304,450 (8.8%) $475,084 (2.2%) 1.02 1,491
2018-05-01 $335,000 (12.1%) $503,485 (6.1%) 1.12 1,614
2018-06-01 $339,000 (13.2%) $499,097 (3.0%) 1.13 1,725
2018-07-01 $337,000 (12.3%) $486,763 (0.7%) 1.12 1,788
2018-08-01 $329,500 (8.2%) $481,724 (2.3%) 1.10 1,757
2018-09-01 $319,900 (8.6%) $470,512 (2.3%) 1.07 1,770
2018-10-01 $317,450 (13.4%) $465,831 (3.1%) 1.06 1,743
2018-11-01 $314,450 (18.9%) $469,671 (7.7%) 1.05 1,655
2018-12-01 $298,999 (19.7%) $446,345 (5.1%) 1.02 1,427
2019-01-01 $289,745 (18.3%) $441,225 (10.4%) 1.00 1,288
2019-02-01 $300,000 (20.5%) $462,930 (14.6%) 1.01 1,304
2019-03-01 $326,014 (16.5%) $483,404 (10.8%) 1.06 1,407
2019-04-01 $348,700 (14.5%) $512,042 (7.8%) 1.10 1,506
2019-05-01 $379,450 (13.3%) $534,496 (6.2%) 1.17 1,627
2019-06-01 $385,000 (13.6%) $545,943 (9.4%) 1.19 1,616
2019-07-01 $375,750 (11.5%) $535,918 (10.1%) 1.17 1,653
2019-08-01 $371,871 (12.9%) $524,913 (9.0%) 1.17 1,551
2019-09-01 $376,500 (17.7%) $529,109 (12.5%) 1.20 1,453
2019-10-01 $372,200 (17.3%) $541,755 (16.3%) 1.19 1,405
2019-11-01 $349,900 (11.3%) $538,250 (14.6%) 1.13 1,335
2019-12-01 $342,500 (14.6%) $534,601 (19.8%) 1.14 1,118
2020-01-01 $339,900 (17.3%) $532,410 (20.7%) 1.13 1,018
2020-02-01 $359,900 (20.0%) $553,986 (19.7%) 1.16 1,049
2020-03-01 $387,700 (18.9%) $592,667 (22.6%) 1.21 1,107
2020-04-01 $382,500 (9.7%) $582,690 (13.8%) 1.19 1,022
2020-05-01 $399,888 (5.4%) $572,382 (7.1%) 1.21 993
2020-06-01 $422,815 (9.8%) $601,276 (10.1%) 1.23 996
2020-07-01 $425,000 (13.1%) $612,116 (14.2%) 1.22 950
2020-08-01 $429,000 (15.4%) $627,006 (19.5%) 1.23 844
2020-09-01 $429,890 (14.2%) $634,573 (19.9%) 1.23 781
2020-10-01 $425,000 (14.2%) $619,905 (14.4%) 1.21 763
2020-11-01 $414,450 (18.5%) $611,842 (13.7%) 1.19 724
2020-12-01 $409,900 (19.7%) $601,238 (12.5%) 1.20 624
2021-01-01 $389,900 (14.7%) $592,981 (11.4%) 1.15 508
2021-02-01 $404,500 (12.4%) $688,961 (24.4%) 1.16 416
2021-03-01 $410,000 (5.8%) $690,859 (16.6%) 1.15 453
2021-04-01 $399,975 (4.6%) $678,877 (16.5%) 1.07 498
2021-05-01 $415,000 (3.8%) $656,767 (14.7%) 1.09 589
2021-06-01 $377,600 (-10.7%) $585,500 (-2.6%) 0.98 746
2021-07-01 $377,000 (-11.3%) $570,097 (-6.9%) 0.98 836
2021-08-01 $382,450 (-10.9%) $566,539 (-9.6%) 1.01 825
2021-09-01 $379,950 (-11.6%) $576,108 (-9.2%) 1.00 774
2021-10-01 $354,900 (-16.5%) $563,857 (-9.0%) 0.93 734
2021-11-01 $349,450 (-15.7%) $562,775 (-8.0%) 0.92 611
2021-12-01 $312,450 (-23.8%) $528,717 (-12.1%) 0.83 487
2022-01-01 $299,900 (-23.1%) $541,068 (-8.8%) 0.80 401
2022-02-01 $299,950 (-25.9%) $566,557 (-17.8%) 0.76 421
2022-03-01 $332,000 (-19.0%) $609,137 (-11.8%) 0.82 442
2022-04-01 $363,000 (-9.2%) $659,739 (-2.8%) 0.85 475
Trenton's median listing price for 2022-04-01 was $363,000, a difference of $-36,975 (-9.2%) versus the prior year and $31,000 versus the prior month.

Trenton's median listing price comes in at 85% of the national average.

Trenton's average listing price for 2022-04-01 was $659,739, a difference of $-19,138 (-2.8%) versus the prior year and $50,602 versus the prior month.

For the 2022-04-01 period, Trenton had 475 MLS listings, a difference of 33 listings (7%) versus the prior month and -23 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Trenton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 94 days 1,566 sqft
2018-02-01 82 days 1,567 sqft
2018-03-01 61 days 1,615 sqft
2018-04-01 51 days 1,661 sqft
2018-05-01 48 days 1,735 sqft
2018-06-01 54 days 1,741 sqft
2018-07-01 60 days 1,750 sqft
2018-08-01 66 days 1,755 sqft
2018-09-01 72 days 1,708 sqft
2018-10-01 71 days 1,712 sqft
2018-11-01 71 days 1,711 sqft
2018-12-01 80 days 1,656 sqft
2019-01-01 85 days 1,690 sqft
2019-02-01 78 days 1,727 sqft
2019-03-01 53 days 1,766 sqft
2019-04-01 46 days 1,817 sqft
2019-05-01 47 days 1,902 sqft
2019-06-01 56 days 1,908 sqft
2019-07-01 62 days 1,896 sqft
2019-08-01 70 days 1,896 sqft
2019-09-01 73 days 1,915 sqft
2019-10-01 70 days 1,902 sqft
2019-11-01 71 days 1,856 sqft
2019-12-01 82 days 1,843 sqft
2020-01-01 84 days 1,827 sqft
2020-02-01 67 days 1,870 sqft
2020-03-01 44 days 1,925 sqft
2020-04-01 60 days 1,914 sqft
2020-05-01 74 days 1,924 sqft
2020-06-01 70 days 2,005 sqft
2020-07-01 49 days 1,987 sqft
2020-08-01 50 days 1,932 sqft
2020-09-01 51 days 1,925 sqft
2020-10-01 52 days 1,922 sqft
2020-11-01 55 days 1,866 sqft
2020-12-01 68 days 1,854 sqft
2021-01-01 77 days 1,825 sqft
2021-02-01 70 days 1,765 sqft
2021-03-01 37 days 1,791 sqft
2021-04-01 29 days 1,773 sqft
2021-05-01 33 days 1,782 sqft
2021-06-01 36 days 1,660 sqft
2021-07-01 36 days 1,656 sqft
2021-08-01 43 days 1,660 sqft
2021-09-01 49 days 1,661 sqft
2021-10-01 45 days 1,647 sqft
2021-11-01 51 days 1,609 sqft
2021-12-01 66 days 1,536 sqft
2022-01-01 62 days 1,500 sqft
2022-02-01 45 days 1,500 sqft
2022-03-01 42 days 1,524 sqft
2022-04-01 34 days 1,628 sqft
Trenton's median listing age (time on market) for 2022-04-01 was 34 days. This is 17% longer than the same period one year ago.

Trenton's median square footage for active listings during the 2022-04-01 period was 1,628 sqft. One year prior, the average listing was 1,773 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.