Trenton VA Loans

TRENTON-PRINCETON, NJ

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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 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.