Trenton VA Loan Rates, Closing Costs & Stats

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 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.

    Trenton's 44 lenders originated 126 VA loans during 2024. The total origination value was $56,460,000, with an average VA loan value of $448,095.

    Trenton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Trenton averaged 0.7% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Trenton's average VA mortgage closing costs are $7,898.

    The average rate for the prior week (2025-06-13) was 7.05% and one month ago for the week of 2025-05-16, the average rate was 7.11%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.56%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Trenton level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 16 6.36% $12,664
    UNITED WHOLESALE MORTGAGE, LLC 10 5.99% $9,324
    FREEDOM MORTGAGE CORPORATION 8 6.20% $5,477
    PENNYMAC LOAN SERVICES, LLC 7 5.92% $17,416
    QUICKEN LOANS, LLC 7 6.48% $23,448
    LOANDEPOT.COM, LLC 6 6.54% $15,709
    NAVY FEDERAL CREDIT UNION 6 5.60% $11,171
    VILLAGE CAPITAL MORTGAGE 4 5.62% $8,609
    NEW DAY FINANCIAL, LLC 4 7.87% $10,936
    Prosperity Home Mortgage, LLC 3 6.37% $15,880
    MOVEMENT MORTGAGE, LLC 3 6.67% $8,231
    NFM, INC. 3 6.54% $11,949
    The Federal Savings Bank 3 6.29% $32,753
    Texana Bank 2 6.44% $14,243
    CROSSCOUNTRY MORTGAGE, LLC 2 5.88% $15,039
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.94% $10,040
    First Federal Bank 2 6.00% $22,341
    Flagstar Bank, FSB 2 6.15% $16,302
    GREENTREE MORTGAGE COMPANY, L.P. 2 6.38% $18,651
    NATION ONE MORTGAGE CORPORATION 2 6.00% $17,168
    NVR Mortgage Finance, Inc. 2 5.31% $18,968
    UNION HOME MORTGAGE CORP. 2 6.88% $10,761
    USAA Federal Savings Bank 2 5.94% $6,184
    LADERA LENDING, INC. 1 7.25% $17,950
    GUARANTEED RATE, INC. 1 6.25% $5,231
    NEWREZ LLC 1 6.75% $19,474
    GUARANTEED RATE AFFINITY, LLC 1 6.68% $14,311
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $20,978
    OceanFirst Bank 1 6.00% $3,268
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $15,675
    EMM LOANS LLC 1 6.50% $12,377
    Plains Commerce Bank 1 6.50% $18,948
    PLANET HOME LENDING, LLC 1 6.75% $12,872
    PLUS RELOCATION MORTGAGE, LLC 1 6.25% $6,351
    EMBRACE HOME LOANS, INC. 1 5.75% $8,547
    Citizens Bank 1 6.38% $4,477
    SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $22,939
    T2 FINANCIAL LLC 1 6.13% $20,618
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.25% $22,447
    BAY EQUITY LLC 1 6.63% $5,889
    Magnolia Bank 1 4.88% $26,343
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $3,258
    Lakeview Community Capital, LLC 1 6.25% $13,039
    AMERICAN FINANCING CORPORATION 1 5.50% $18,423

    The top Trenton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $12,664, which is $3,340 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Trenton VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($9,324), Mortgage Research Center, LLC ($12,664), .

    The lowest rate Trenton VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.99%), Mortgage Research Center, LLC (6.36%), .

    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.