Trenton VA Loan Rates, Closing Costs & Stats

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 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 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 0.1% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

Trenton's average VA mortgage closing costs are $6,457.

The average rate for the prior week (2022-11-18) was 6.79% and one month ago for the week of 2022-10-21, the average rate was 7.14%.

The average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.12%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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 $228,050 (5.1%) $383,148 (-4.3%) 0.85 1,160
2018-02-01 $229,375 (2.0%) $387,437 (-2.7%) 0.83 1,208
2018-03-01 $256,500 (11.8%) $424,775 (0.2%) 0.90 1,195
2018-04-01 $274,900 (6.1%) $476,853 (5.2%) 0.93 1,318
2018-05-01 $302,450 (12.3%) $504,375 (6.7%) 1.01 1,403
2018-06-01 $300,000 (9.1%) $496,671 (2.3%) 1.00 1,488
2018-07-01 $304,450 (9.1%) $487,696 (0.6%) 1.02 1,519
2018-08-01 $299,000 (10.9%) $483,378 (4.1%) 1.00 1,500
2018-09-01 $290,000 (10.4%) $469,867 (2.4%) 0.97 1,511
2018-10-01 $289,000 (13.4%) $467,543 (3.6%) 0.98 1,483
2018-11-01 $284,475 (16.1%) $472,410 (11.2%) 0.96 1,412
2018-12-01 $274,000 (19.1%) $447,999 (8.7%) 0.95 1,251
2019-01-01 $267,125 (17.1%) $442,758 (15.6%) 0.92 1,136
2019-02-01 $281,000 (22.5%) $466,407 (20.4%) 0.95 1,142
2019-03-01 $305,693 (19.2%) $490,779 (15.5%) 1.00 1,225
2019-04-01 $328,925 (19.7%) $525,115 (10.1%) 1.04 1,307
2019-05-01 $349,900 (15.7%) $548,661 (8.8%) 1.09 1,383
2019-06-01 $359,000 (19.7%) $555,438 (11.8%) 1.12 1,369
2019-07-01 $351,900 (15.6%) $542,507 (11.2%) 1.10 1,381
2019-08-01 $349,245 (16.8%) $534,572 (10.6%) 1.11 1,324
2019-09-01 $349,614 (20.6%) $534,960 (13.9%) 1.12 1,242
2019-10-01 $349,409 (20.9%) $535,219 (14.5%) 1.13 1,189
2019-11-01 $330,000 (16.0%) $528,226 (11.8%) 1.08 1,132
2019-12-01 $327,000 (19.3%) $530,122 (18.3%) 1.09 931
2020-01-01 $319,998 (19.8%) $528,347 (19.3%) 1.07 832
2020-02-01 $339,900 (21.0%) $547,305 (17.3%) 1.11 856
2020-03-01 $369,900 (21.0%) $592,503 (20.7%) 1.16 905
2020-04-01 $359,468 (9.3%) $580,656 (10.6%) 1.13 806
2020-05-01 $382,500 (9.3%) $580,795 (5.9%) 1.16 794
2020-06-01 $405,748 (13.0%) $596,875 (7.5%) 1.19 814
2020-07-01 $406,000 (15.4%) $625,710 (15.3%) 1.18 773
2020-08-01 $411,250 (17.8%) $638,291 (19.4%) 1.18 697
2020-09-01 $420,000 (20.1%) $655,763 (22.6%) 1.20 657
2020-10-01 $410,000 (17.3%) $647,729 (21.0%) 1.17 624
2020-11-01 $382,500 (15.9%) $630,565 (19.4%) 1.12 585
2020-12-01 $387,473 (18.5%) $633,722 (19.5%) 1.15 505
2021-01-01 $370,000 (15.6%) $611,179 (15.7%) 1.10 394
2021-02-01 $377,000 (10.9%) $714,848 (30.6%) 1.10 330
2021-03-01 $399,450 (8.0%) $716,726 (21.0%) 1.13 371
2021-04-01 $389,000 (8.2%) $703,576 (21.2%) 1.05 392
2021-05-01 $399,900 (4.6%) $682,301 (17.5%) 1.06 474
2021-06-01 $354,950 (-12.5%) $605,344 (1.4%) 0.93 610
2021-07-01 $350,000 (-13.8%) $571,904 (-8.6%) 0.92 694
2021-08-01 $354,900 (-13.7%) $575,400 (-9.9%) 0.95 658
2021-09-01 $354,950 (-15.5%) $588,357 (-10.3%) 0.95 623
2021-10-01 $339,000 (-17.3%) $576,895 (-10.9%) 0.90 600
2021-11-01 $327,500 (-14.4%) $582,354 (-7.7%) 0.87 510
2021-12-01 $294,450 (-24.0%) $551,222 (-13.0%) 0.80 414
2022-01-01 $277,450 (-25.0%) $564,036 (-7.7%) 0.75 323
2022-02-01 $285,425 (-24.3%) $609,026 (-14.8%) 0.74 341
2022-03-01 $307,475 (-23.0%) $623,681 (-13.0%) 0.77 367
2022-04-01 $329,000 (-15.4%) $677,762 (-3.7%) 0.79 399
2022-05-01 $370,000 (-7.5%) $699,698 (2.6%) 0.85 502
2022-06-01 $377,500 (6.4%) $684,989 (13.2%) 0.84 529
2022-07-01 $374,950 (7.1%) $646,120 (13.0%) 0.85 576
2022-08-01 $388,775 (9.5%) $642,869 (11.7%) 0.90 585
2022-09-01 $375,225 (5.7%) $632,359 (7.5%) 0.88 525
2022-10-01 $377,500 (11.4%) $655,703 (13.7%) 0.89 517
Trenton's median listing price for 2022-10-01 was $377,500, a difference of $38,500 (11.4%) versus the prior year and $2,275 versus the prior month.

Trenton's median listing price comes in at 89% of the national average.

Trenton's average listing price for 2022-10-01 was $655,703, a difference of $78,808 (13.7%) versus the prior year and $23,344 versus the prior month.

For the 2022-10-01 period, Trenton had 517 MLS listings, a difference of -8 listings (-2%) versus the prior month and -83 listings (-14%) 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 95 days 1,544 sqft
2018-02-01 85 days 1,552 sqft
2018-03-01 65 days 1,604 sqft
2018-04-01 52 days 1,656 sqft
2018-05-01 50 days 1,730 sqft
2018-06-01 54 days 1,734 sqft
2018-07-01 63 days 1,737 sqft
2018-08-01 67 days 1,737 sqft
2018-09-01 73 days 1,680 sqft
2018-10-01 72 days 1,700 sqft
2018-11-01 72 days 1,695 sqft
2018-12-01 80 days 1,634 sqft
2019-01-01 85 days 1,647 sqft
2019-02-01 78 days 1,681 sqft
2019-03-01 58 days 1,750 sqft
2019-04-01 47 days 1,806 sqft
2019-05-01 47 days 1,872 sqft
2019-06-01 58 days 1,897 sqft
2019-07-01 64 days 1,884 sqft
2019-08-01 67 days 1,884 sqft
2019-09-01 69 days 1,884 sqft
2019-10-01 72 days 1,876 sqft
2019-11-01 73 days 1,835 sqft
2019-12-01 85 days 1,804 sqft
2020-01-01 89 days 1,812 sqft
2020-02-01 71 days 1,886 sqft
2020-03-01 45 days 1,956 sqft
2020-04-01 61 days 1,925 sqft
2020-05-01 75 days 1,975 sqft
2020-06-01 68 days 2,023 sqft
2020-07-01 49 days 1,990 sqft
2020-08-01 49 days 1,936 sqft
2020-09-01 46 days 1,967 sqft
2020-10-01 54 days 1,950 sqft
2020-11-01 55 days 1,876 sqft
2020-12-01 67 days 1,885 sqft
2021-01-01 70 days 1,835 sqft
2021-02-01 64 days 1,795 sqft
2021-03-01 27 days 1,812 sqft
2021-04-01 25 days 1,810 sqft
2021-05-01 28 days 1,804 sqft
2021-06-01 31 days 1,650 sqft
2021-07-01 34 days 1,644 sqft
2021-08-01 46 days 1,644 sqft
2021-09-01 49 days 1,635 sqft
2021-10-01 43 days 1,620 sqft
2021-11-01 49 days 1,584 sqft
2021-12-01 64 days 1,524 sqft
2022-01-01 59 days 1,500 sqft
2022-02-01 43 days 1,496 sqft
2022-03-01 35 days 1,527 sqft
2022-04-01 29 days 1,580 sqft
2022-05-01 31 days 1,649 sqft
2022-06-01 34 days 1,681 sqft
2022-07-01 38 days 1,648 sqft
2022-08-01 42 days 1,658 sqft
2022-09-01 50 days 1,674 sqft
2022-10-01 57 days 1,648 sqft
Trenton's median listing age (time on market) for 2022-10-01 was 57 days. This is 33% longer than the same period one year ago.

Trenton's median square footage for active listings during the 2022-10-01 period was 1,648 sqft. One year prior, the average listing was 1,620 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.