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 54 lenders originated 165 VA loans during 2022. The total origination value was $57,585,000, with an average VA loan value of $349,000.

Trenton VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Trenton averaged 6.37% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Trenton's average VA mortgage closing costs are $7,015.

The average rate for the prior week (2024-02-23) was 6.3% and one month ago for the week of 2024-01-26, the average rate was 5.83%.

The average rate one year ago was 5.97%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.26%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 34 4.86% $9,066
QUICKEN LOANS, LLC 13 4.43% $11,710
NAVY FEDERAL CREDIT UNION 11 3.83% $8,583
UNITED WHOLESALE MORTGAGE, LLC 9 4.43% $16,089
USAA Federal Savings Bank 6 4.13% $10,279
CROSSCOUNTRY MORTGAGE, LLC 5 4.60% $16,994
NEW DAY FINANCIAL, LLC 5 5.12% $11,565
PENNYMAC LOAN SERVICES, LLC 4 4.56% $13,815
Mr. Cooper ( Nationstar Mortgage ) 4 2.69% $7,139
LOANDEPOT.COM, LLC 4 4.03% $12,150
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.58% $11,354
GUARANTEED RATE, INC. 3 4.00% $4,473
FREEDOM MORTGAGE CORPORATION 3 6.58% $17,596
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.88% $11,145
AMERISAVE MORTGAGE CORPORATION 3 3.38% $10,623
FINANCE OF AMERICA MORTGAGE LLC 3 4.95% $12,478
NEWREZ LLC 2 2.69% $1,253
BROKER SOLUTIONS, INC. 2 4.94% $14,539
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.75% $14,608
PNC Bank 2 3.31% $2,262
Gateway First Bank 2 4.56% $6,441
OCMBC, INC. 1 5.75% $6,899
Paramount Residential Mortgage Group, Inc. 1 3.75% $10,461
PENTAGON FEDERAL CREDIT UNION 1 3.50% $18,314
Prosperity Home Mortgage, LLC 1 4.12% $26,836
RELIANCE FIRST CAPITAL, LLC 1 6.50% $5,728
RESIDENTIAL HOME FUNDING CORP. 1 4.63% $750
SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $9,592
Stifel Bank and Trust 1 4.63% $7,717
SUCCESS MORTGAGE PARTNERS, INC. 1 4.13% $2,344
Texana Bank 1 3.25% $18,836
The Union Bank Company 1 4.25% $15,219
AMERICAN FINANCING CORPORATION 1 2.50% $3,521
VILLAGE CAPITAL MORTGAGE 1 4.25% $10,968
Amerifirst Financial, Inc. 1 5.38% $19,088
AmRes Corporation 1 2.25% $20,949
Arvest Bank 1 4.88% $13,446
BOND STREET MORTGAGE, LLC 1 5.75% $4,970
Carrington Mortgage Services, LLC 1 4.75% $5,797
CLEARPATH LENDING 1 2.88% $21,263
DEVELOPER'S MORTGAGE COMPANY 1 5.25% $11,088
Financial Freedom Mortgage, LLC 1 5.75% $20,444
Flagstar Bank, FSB 1 3.48% $3,279
GREENTREE MORTGAGE COMPANY, L.P. 1 3.25% $3,454
HOME POINT FINANCIAL CORPORATION 1 5.00% $8,039
Huntingdon Valley Bank 1 3.75% $3,671
Lakeview Community Capital, LLC 1 2.38% $2,844
MCLEAN MORTGAGE CORPORATION 1 3.25% $12,347
MORTGAGE ACCESS CORP. 1 3.75% $8,463
MOVEMENT MORTGAGE, LLC 1 6.25% $6,886
NFM, INC. 1 5.25% $26,335
NJ LENDERS CORP. 1 5.00% $3,590
North American Savings Bank, F.S.B. 1 4.50% $11,689
NP, Inc. 1 2.25% $9,180

The top Trenton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 34 VA loans originated. Their average total fees are $9,066, which is $2,644 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Trenton VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($8,583), Mortgage Research Center, LLC ($9,066), QUICKEN LOANS, LLC ($11,710), .

The lowest rate Trenton VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (3.83%), QUICKEN LOANS, LLC (4.43%), Mortgage Research Center, LLC (4.86%), .


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 $228,750 (5.4%) $383,689 (-4.2%) 0.85 1,155
2018-02-01 $229,500 (2.1%) $388,262 (-2.4%) 0.83 1,207
2018-03-01 $255,000 (11.1%) $424,893 (0.3%) 0.89 1,194
2018-04-01 $274,900 (6.1%) $476,997 (5.0%) 0.93 1,316
2018-05-01 $302,450 (12.1%) $504,524 (6.6%) 1.01 1,401
2018-06-01 $300,000 (9.1%) $496,896 (2.0%) 1.00 1,486
2018-07-01 $304,450 (8.8%) $487,579 (0.3%) 1.02 1,517
2018-08-01 $299,000 (10.8%) $483,123 (3.8%) 1.00 1,497
2018-09-01 $289,900 (9.7%) $469,566 (2.1%) 0.97 1,508
2018-10-01 $289,000 (13.4%) $467,377 (3.3%) 0.98 1,481
2018-11-01 $283,700 (14.9%) $472,306 (10.9%) 0.96 1,411
2018-12-01 $270,000 (17.4%) $447,731 (8.3%) 0.93 1,245
2019-01-01 $267,000 (16.7%) $443,245 (15.5%) 0.92 1,136
2019-02-01 $282,100 (22.9%) $467,039 (20.3%) 0.95 1,142
2019-03-01 $306,143 (20.1%) $491,375 (15.7%) 1.00 1,224
2019-04-01 $329,450 (19.8%) $525,647 (10.2%) 1.05 1,306
2019-05-01 $349,900 (15.7%) $549,243 (8.9%) 1.09 1,382
2019-06-01 $359,000 (19.7%) $556,320 (12.0%) 1.12 1,367
2019-07-01 $352,147 (15.7%) $543,373 (11.4%) 1.10 1,377
2019-08-01 $349,245 (16.8%) $535,440 (10.8%) 1.11 1,321
2019-09-01 $349,614 (20.6%) $535,595 (14.1%) 1.12 1,239
2019-10-01 $349,634 (21.0%) $535,699 (14.6%) 1.13 1,186
2019-11-01 $330,000 (16.3%) $529,155 (12.0%) 1.08 1,129
2019-12-01 $327,000 (21.1%) $530,701 (18.5%) 1.09 929
2020-01-01 $320,725 (20.1%) $529,696 (19.5%) 1.07 829
2020-02-01 $339,900 (20.5%) $548,508 (17.4%) 1.11 854
2020-03-01 $370,550 (21.0%) $593,569 (20.8%) 1.16 902
2020-04-01 $361,000 (9.6%) $581,581 (10.6%) 1.13 803
2020-05-01 $385,000 (10.0%) $581,959 (6.0%) 1.17 791
2020-06-01 $405,970 (13.1%) $593,186 (6.6%) 1.20 811
2020-07-01 $402,445 (14.3%) $616,959 (13.5%) 1.17 765
2020-08-01 $407,000 (16.5%) $628,917 (17.5%) 1.17 689
2020-09-01 $420,000 (20.1%) $646,806 (20.8%) 1.20 651
2020-10-01 $410,000 (17.3%) $639,360 (19.4%) 1.17 620
2020-11-01 $382,500 (15.9%) $621,843 (17.5%) 1.12 581
2020-12-01 $387,470 (18.5%) $627,056 (18.2%) 1.15 502
2021-01-01 $371,250 (15.8%) $612,648 (15.7%) 1.11 393
2021-02-01 $377,000 (10.9%) $718,218 (30.9%) 1.10 328
2021-03-01 $399,450 (7.8%) $724,112 (22.0%) 1.13 370
2021-04-01 $389,225 (7.8%) $710,502 (22.2%) 1.05 391
2021-05-01 $399,900 (3.9%) $686,924 (18.0%) 1.06 474
2021-06-01 $355,200 (-12.5%) $609,571 (2.8%) 0.94 610
2021-07-01 $350,000 (-13.0%) $576,887 (-6.5%) 0.92 697
2021-08-01 $354,900 (-12.8%) $580,077 (-7.8%) 0.95 662
2021-09-01 $355,950 (-15.3%) $594,873 (-8.0%) 0.95 625
2021-10-01 $339,000 (-17.3%) $580,945 (-9.1%) 0.90 601
2021-11-01 $327,500 (-14.4%) $582,731 (-6.3%) 0.88 509
2021-12-01 $294,200 (-24.1%) $554,034 (-11.7%) 0.80 413
2022-01-01 $275,000 (-25.9%) $549,949 (-10.2%) 0.74 322
2022-02-01 $284,975 (-24.4%) $610,949 (-14.9%) 0.74 339
2022-03-01 $307,475 (-23.0%) $625,471 (-13.6%) 0.77 365
2022-04-01 $329,450 (-15.4%) $680,449 (-4.2%) 0.79 396
2022-05-01 $372,000 (-7.0%) $702,000 (2.2%) 0.85 499
2022-06-01 $377,500 (6.3%) $686,923 (12.7%) 0.84 527
2022-07-01 $374,950 (7.1%) $647,359 (12.2%) 0.84 574
2022-08-01 $388,775 (9.5%) $644,129 (11.0%) 0.90 583
2022-09-01 $375,225 (5.4%) $633,640 (6.5%) 0.88 523
2022-10-01 $377,500 (11.4%) $657,124 (13.1%) 0.89 515
2022-11-01 $374,900 (14.5%) $625,282 (7.3%) 0.90 516
2022-12-01 $357,111 (21.4%) $603,398 (8.9%) 0.88 423
2023-01-01 $369,950 (34.5%) $611,320 (11.2%) 0.92 366
2023-02-01 $374,850 (31.5%) $659,532 (8.0%) 0.90 339
2023-03-01 $387,000 (25.9%) $686,810 (9.8%) 0.91 332
2023-04-01 $419,999 (27.5%) $757,033 (11.3%) 0.98 323
2023-05-01 $460,975 (23.9%) $787,754 (12.2%) 1.05 322
2023-06-01 $495,500 (31.3%) $822,369 (19.7%) 1.11 350
2023-07-01 $454,950 (21.3%) $823,059 (27.1%) 1.03 354
2023-08-01 $444,900 (14.4%) $797,017 (23.7%) 1.02 377
2023-09-01 $420,000 (11.9%) $771,254 (21.7%) 0.98 382
2023-10-01 $427,450 (13.2%) $736,988 (12.2%) 1.01 410
2023-11-01 $394,894 (5.3%) $695,871 (11.3%) 0.94 381
2023-12-01 $380,000 (6.4%) $610,747 (1.2%) 0.93 324
2024-01-01 $392,000 (6.0%) $617,829 (1.1%) 0.96 301
Trenton's median listing price for 2024-01-01 was $392,000, a difference of $22,050 (6.0%) versus the prior year and $12,000 versus the prior month.

Trenton's median listing price comes in at 96% of the national average.

Trenton's average listing price for 2024-01-01 was $617,829, a difference of $6,509 (1.1%) versus the prior year and $7,082 versus the prior month.

For the 2024-01-01 period, Trenton had 301 MLS listings, a difference of -23 listings (-7%) versus the prior month and -65 listings (-18%) 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 88 days 1,553 sqft
2018-02-01 78 days 1,562 sqft
2018-03-01 58 days 1,617 sqft
2018-04-01 47 days 1,677 sqft
2018-05-01 46 days 1,740 sqft
2018-06-01 51 days 1,746 sqft
2018-07-01 60 days 1,745 sqft
2018-08-01 63 days 1,747 sqft
2018-09-01 68 days 1,705 sqft
2018-10-01 66 days 1,712 sqft
2018-11-01 67 days 1,714 sqft
2018-12-01 76 days 1,656 sqft
2019-01-01 81 days 1,659 sqft
2019-02-01 72 days 1,702 sqft
2019-03-01 52 days 1,759 sqft
2019-04-01 44 days 1,821 sqft
2019-05-01 45 days 1,893 sqft
2019-06-01 55 days 1,905 sqft
2019-07-01 59 days 1,886 sqft
2019-08-01 62 days 1,885 sqft
2019-09-01 65 days 1,885 sqft
2019-10-01 68 days 1,876 sqft
2019-11-01 71 days 1,844 sqft
2019-12-01 83 days 1,814 sqft
2020-01-01 87 days 1,821 sqft
2020-02-01 68 days 1,894 sqft
2020-03-01 43 days 1,957 sqft
2020-04-01 58 days 1,944 sqft
2020-05-01 74 days 1,979 sqft
2020-06-01 61 days 2,019 sqft
2020-07-01 46 days 1,990 sqft
2020-08-01 44 days 1,926 sqft
2020-09-01 43 days 1,990 sqft
2020-10-01 48 days 1,964 sqft
2020-11-01 50 days 1,897 sqft
2020-12-01 60 days 1,900 sqft
2021-01-01 64 days 1,863 sqft
2021-02-01 55 days 1,823 sqft
2021-03-01 24 days 1,827 sqft
2021-04-01 24 days 1,825 sqft
2021-05-01 26 days 1,820 sqft
2021-06-01 30 days 1,656 sqft
2021-07-01 33 days 1,643 sqft
2021-08-01 43 days 1,646 sqft
2021-09-01 48 days 1,634 sqft
2021-10-01 42 days 1,622 sqft
2021-11-01 48 days 1,583 sqft
2021-12-01 63 days 1,519 sqft
2022-01-01 58 days 1,497 sqft
2022-02-01 40 days 1,486 sqft
2022-03-01 33 days 1,515 sqft
2022-04-01 26 days 1,568 sqft
2022-05-01 30 days 1,646 sqft
2022-06-01 33 days 1,688 sqft
2022-07-01 36 days 1,651 sqft
2022-08-01 40 days 1,656 sqft
2022-09-01 48 days 1,676 sqft
2022-10-01 55 days 1,650 sqft
2022-11-01 56 days 1,683 sqft
2022-12-01 64 days 1,646 sqft
2023-01-01 74 days 1,698 sqft
2023-02-01 55 days 1,680 sqft
2023-03-01 37 days 1,691 sqft
2023-04-01 37 days 1,674 sqft
2023-05-01 32 days 1,695 sqft
2023-06-01 30 days 1,818 sqft
2023-07-01 33 days 1,764 sqft
2023-08-01 31 days 1,704 sqft
2023-09-01 33 days 1,660 sqft
2023-10-01 36 days 1,705 sqft
2023-11-01 42 days 1,597 sqft
2023-12-01 46 days 1,566 sqft
2024-01-01 51 days 1,574 sqft
Trenton's median listing age (time on market) for 2024-01-01 was 51 days. This is -31% shorter than the same period one year ago.

Trenton's median square footage for active listings during the 2024-01-01 period was 1,574 sqft. One year prior, the average listing was 1,698 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.