Wahpeton VA Loan Rates, Closing Costs & Stats

Wahpeton, ND-MN

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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.

    Wahpeton's 13 lenders originated 27 VA loans during 2024. The total origination value was $7,105,000, with an average VA loan value of $263,148.

    Wahpeton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wahpeton averaged 6.33% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Wahpeton's average VA mortgage closing costs are $6,063.

    The average rate for the prior week (2025-03-28) was 6.55% and one month ago for the week of 2025-02-28, the average rate was 6.32%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.86%.

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

    Wahpeton 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 Wahpeton level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 8 6.36% $4,729
    UNITED WHOLESALE MORTGAGE, LLC 3 6.37% $4,067
    QUICKEN LOANS, LLC 2 6.49% $14,016
    U.S. Bank 2 6.88% $11,740
    GUARANTEED RATE, INC. 2 6.20% $3,621
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $14,340
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $21,573
    Bremer Bank 1 6.25% $3,286
    VILLAGE CAPITAL MORTGAGE 1 7.25% $8,776
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.90% $9,763
    FIRST COMMUNITY CREDIT UNION 1 5.05% $5,443
    First International Bank & Trust 1 5.75% $14,736
    FREEDOM MORTGAGE CORPORATION 1 6.25% $2,238

    The top Wahpeton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $4,729, which is $662 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Wahpeton VA lenders (with over 10 loans originated) are .

    The lowest rate Wahpeton VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wahpeton (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 $145,400 (32.3%) $159,905 (-13.5%) 0.00 55
    2018-02-01 $149,400 (12.5%) $173,019 (-21.8%) 0.00 55
    2018-03-01 $139,900 (-0.9%) $161,623 (-29.2%) 0.00 55
    2018-04-01 $162,150 (13.8%) $189,843 (-11.4%) 0.00 52
    2018-05-01 $179,150 (20.5%) $195,810 (-5.6%) 0.00 59
    2018-06-01 $174,900 (16.7%) $200,109 (-2.8%) 0.00 73
    2018-07-01 $172,400 (15.0%) $202,255 (-0.1%) 0.00 69
    2018-08-01 $163,900 (12.1%) $196,713 (2.1%) 0.00 71
    2018-09-01 $162,400 (8.3%) $188,756 (-5.0%) 0.00 74
    2018-10-01 $164,900 (10.5%) $193,708 (-2.8%) 0.00 71
    2018-11-01 $164,950 (14.6%) $188,698 (-3.9%) 0.00 69
    2018-12-01 $155,900 (9.1%) $185,117 (17.0%) 0.00 70
    2019-01-01 $156,400 (7.6%) $174,977 (9.4%) 0.00 72
    2019-02-01 $155,650 (4.2%) $178,611 (3.2%) 0.00 64
    2019-03-01 $157,186 (12.4%) $179,657 (11.2%) 0.00 58
    2019-04-01 $160,186 (-1.2%) $180,022 (-5.2%) 0.00 50
    2019-05-01 $168,900 (-5.7%) $183,552 (-6.3%) 0.00 52
    2019-06-01 $179,450 (2.6%) $194,070 (-3.0%) 0.00 69
    2019-07-01 $172,450 (0.0%) $195,388 (-3.4%) 0.00 73
    2019-08-01 $183,573 (12.0%) $203,901 (3.7%) 0.00 74
    2019-09-01 $192,757 (18.7%) $210,630 (11.6%) 0.00 72
    2019-10-01 $202,450 (22.8%) $215,716 (11.4%) 0.00 69
    2019-11-01 $179,900 (9.1%) $200,482 (6.3%) 0.00 55
    2019-12-01 $179,900 (15.4%) $198,402 (7.2%) 0.00 46
    2020-01-01 $162,425 (3.9%) $190,096 (8.6%) 0.00 37
    2020-02-01 $164,900 (5.9%) $192,142 (7.6%) 0.00 30
    2020-03-01 $179,900 (14.5%) $199,420 (11.0%) 0.00 35
    2020-04-01 $186,450 (16.4%) $213,627 (18.7%) 0.00 36
    2020-05-01 $154,900 (-8.3%) $189,952 (3.5%) 0.00 42
    2020-06-01 $154,400 (-14.0%) $184,595 (-4.9%) 0.00 43
    2020-07-01 $175,150 (1.6%) $198,343 (1.5%) 0.00 41
    2020-08-01 $189,000 (3.0%) $221,649 (8.7%) 0.00 48
    2020-09-01 $187,975 (-2.5%) $220,710 (4.8%) 0.00 46
    2020-10-01 $223,450 (10.4%) $232,671 (7.9%) 0.00 40
    2020-11-01 $203,175 (12.9%) $231,679 (15.6%) 0.00 39
    2020-12-01 $149,900 (-16.7%) $219,653 (10.7%) 0.00 38
    2021-01-01 $125,000 (-23.0%) $212,592 (11.8%) 0.00 33
    2021-02-01 $149,925 (-9.1%) $197,904 (3.0%) 0.00 30
    2021-03-01 $172,900 (-3.9%) $202,040 (1.3%) 0.00 24
    2021-04-01 $202,400 (8.6%) $217,372 (1.8%) 0.00 23
    2021-05-01 $233,750 (50.9%) $227,066 (19.5%) 0.00 26
    2021-06-01 $231,200 (49.7%) $223,152 (20.9%) 0.00 35
    2021-07-01 $251,700 (43.7%) $251,441 (26.8%) 0.00 34
    2021-08-01 $257,275 (36.1%) $260,758 (17.6%) 0.00 31
    2021-09-01 $247,400 (31.6%) $253,791 (15.0%) 0.00 34
    2021-10-01 $239,150 (7.0%) $228,838 (-1.7%) 0.00 40
    2021-11-01 $238,050 (17.2%) $221,875 (-4.2%) 0.00 37
    2021-12-01 $222,825 (48.7%) $210,468 (-4.2%) 0.00 38
    2022-01-01 $229,950 (84.0%) $212,382 (-0.1%) 0.00 34
    2022-02-01 $254,925 (70.0%) $262,063 (32.4%) 0.00 35
    2022-03-01 $259,950 (50.4%) $258,963 (28.2%) 0.00 36
    2022-04-01 $251,000 (24.0%) $269,483 (24.0%) 0.00 33
    2022-05-01 $286,975 (22.8%) $276,048 (21.6%) 0.00 36
    2022-06-01 $270,500 (17.0%) $248,788 (11.5%) 0.00 48
    2022-07-01 $270,500 (7.5%) $254,409 (1.2%) 0.00 48
    2022-08-01 $256,750 (-0.2%) $266,815 (2.3%) 0.00 50
    2022-09-01 $256,750 (3.8%) $253,750 (0.0%) 0.00 49
    2022-10-01 $254,900 (6.6%) $257,189 (12.4%) 0.00 50
    2022-11-01 $238,175 (0.1%) $254,988 (14.9%) 0.00 49
    2022-12-01 $266,000 (19.4%) $268,772 (27.7%) 0.00 46
    2023-01-01 $271,244 (18.0%) $263,694 (24.2%) 0.00 44
    2023-02-01 $286,519 (12.4%) $280,520 (7.0%) 0.00 41
    2023-03-01 $288,944 (11.2%) $287,301 (10.9%) 0.00 42
    2023-04-01 $299,500 (19.3%) $313,716 (16.4%) 0.00 39
    2023-05-01 $297,606 (3.7%) $295,336 (7.0%) 0.00 45
    2023-06-01 $319,900 (18.3%) $324,267 (30.3%) 0.00 50
    2023-07-01 $324,900 (20.1%) $336,114 (32.1%) 0.00 51
    2023-08-01 $297,350 (15.8%) $308,164 (15.5%) 0.00 64
    2023-09-01 $339,900 (32.4%) $342,195 (34.9%) 0.00 64
    2023-10-01 $357,400 (40.2%) $351,016 (36.5%) 0.00 64
    2023-11-01 $429,900 (80.5%) $362,207 (42.1%) 0.00 63
    2023-12-01 $399,900 (50.3%) $349,913 (30.2%) 0.00 55
    2024-01-01 $369,950 (36.4%) $351,888 (33.5%) 0.00 62
    2024-02-01 $349,225 (21.9%) $340,576 (21.4%) 0.00 69
    2024-03-01 $409,900 (41.9%) $357,222 (24.3%) 0.00 66
    2024-04-01 $364,275 (21.6%) $342,618 (9.2%) 0.00 68
    2024-05-01 $323,750 (8.8%) $324,578 (9.9%) 0.00 72
    2024-06-01 $304,850 (-4.7%) $321,712 (-0.8%) 0.00 69
    2024-07-01 $314,225 (-3.3%) $336,333 (0.1%) 0.00 76
    2024-08-01 $319,900 (7.6%) $345,675 (12.2%) 0.00 88
    2024-09-01 $295,000 (-13.2%) $325,697 (-4.8%) 0.00 98
    2024-10-01 $297,475 (-16.8%) $330,339 (-5.9%) 0.00 94
    2024-11-01 $345,000 (-19.8%) $357,710 (-1.2%) 0.00 90
    2024-12-01 $322,750 (-19.3%) $361,966 (3.4%) 0.00 65
    2025-01-01 $331,525 (-10.4%) $374,631 (6.5%) 0.00 63
    2025-02-01 $408,425 (17.0%) $374,422 (9.9%) 0.00 67
    2025-03-01 $428,210 (4.5%) $367,156 (2.8%) 0.00 62
    Wahpeton's median listing price for 2025-03-01 was $428,210, a difference of $18,310 (4.5%) versus the prior year and $19,785 versus the prior month.

    Wahpeton's median listing price comes in at 0% of the national average.

    Wahpeton's average listing price for 2025-03-01 was $367,156, a difference of $9,934 (2.8%) versus the prior year and $-7,266 versus the prior month.

    For the 2025-03-01 period, Wahpeton had 62 MLS listings, a difference of -5 listings (-7%) versus the prior month and -4 listings (-6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wahpeton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,589 sqft
    2018-02-01 0 days 1,583 sqft
    2018-03-01 0 days 1,620 sqft
    2018-04-01 0 days 1,953 sqft
    2018-05-01 0 days 2,051 sqft
    2018-06-01 0 days 2,047 sqft
    2018-07-01 0 days 2,037 sqft
    2018-08-01 0 days 1,865 sqft
    2018-09-01 0 days 1,865 sqft
    2018-10-01 0 days 1,930 sqft
    2018-11-01 0 days 1,963 sqft
    2018-12-01 0 days 2,235 sqft
    2019-01-01 0 days 2,110 sqft
    2019-02-01 0 days 2,122 sqft
    2019-03-01 0 days 2,115 sqft
    2019-04-01 0 days 2,140 sqft
    2019-05-01 0 days 2,336 sqft
    2019-06-01 0 days 2,392 sqft
    2019-07-01 0 days 2,370 sqft
    2019-08-01 0 days 2,470 sqft
    2019-09-01 0 days 2,475 sqft
    2019-10-01 0 days 2,498 sqft
    2019-11-01 0 days 2,464 sqft
    2019-12-01 0 days 2,457 sqft
    2020-01-01 0 days 2,459 sqft
    2020-02-01 0 days 2,558 sqft
    2020-03-01 0 days 2,537 sqft
    2020-04-01 0 days 2,642 sqft
    2020-05-01 0 days 2,256 sqft
    2020-06-01 0 days 2,303 sqft
    2020-07-01 0 days 2,316 sqft
    2020-08-01 0 days 2,370 sqft
    2020-09-01 0 days 2,457 sqft
    2020-10-01 0 days 2,468 sqft
    2020-11-01 0 days 2,343 sqft
    2020-12-01 0 days 2,168 sqft
    2021-01-01 0 days 2,115 sqft
    2021-02-01 0 days 2,148 sqft
    2021-03-01 0 days 2,156 sqft
    2021-04-01 0 days 2,469 sqft
    2021-05-01 0 days 2,428 sqft
    2021-06-01 0 days 2,202 sqft
    2021-07-01 0 days 2,202 sqft
    2021-08-01 0 days 2,202 sqft
    2021-09-01 0 days 2,108 sqft
    2021-10-01 0 days 2,070 sqft
    2021-11-01 0 days 2,162 sqft
    2021-12-01 0 days 2,075 sqft
    2022-01-01 0 days 2,086 sqft
    2022-02-01 0 days 2,366 sqft
    2022-03-01 0 days 2,334 sqft
    2022-04-01 0 days 2,182 sqft
    2022-05-01 0 days 2,253 sqft
    2022-06-01 0 days 2,258 sqft
    2022-07-01 0 days 2,358 sqft
    2022-08-01 0 days 2,350 sqft
    2022-09-01 0 days 2,316 sqft
    2022-10-01 0 days 2,310 sqft
    2022-11-01 0 days 2,319 sqft
    2022-12-01 0 days 2,292 sqft
    2023-01-01 0 days 2,310 sqft
    2023-02-01 0 days 2,360 sqft
    2023-03-01 0 days 2,360 sqft
    2023-04-01 0 days 2,360 sqft
    2023-05-01 0 days 2,365 sqft
    2023-06-01 0 days 2,433 sqft
    2023-07-01 0 days 2,432 sqft
    2023-08-01 0 days 2,376 sqft
    2023-09-01 0 days 2,366 sqft
    2023-10-01 0 days 2,386 sqft
    2023-11-01 0 days 2,360 sqft
    2023-12-01 0 days 2,194 sqft
    2024-01-01 0 days 2,184 sqft
    2024-02-01 0 days 2,084 sqft
    2024-03-01 0 days 1,990 sqft
    2024-04-01 0 days 1,961 sqft
    2024-05-01 0 days 1,910 sqft
    2024-06-01 0 days 1,964 sqft
    2024-07-01 0 days 1,964 sqft
    2024-08-01 0 days 2,168 sqft
    2024-09-01 0 days 2,144 sqft
    2024-10-01 0 days 2,129 sqft
    2024-11-01 0 days 2,123 sqft
    2024-12-01 0 days 2,162 sqft
    2025-01-01 0 days 2,087 sqft
    2025-02-01 0 days 1,977 sqft
    2025-03-01 0 days 1,964 sqft
    Wahpeton's median listing age (time on market) for 2025-03-01 was 0 days.

    Wahpeton's median square footage for active listings during the 2025-03-01 period was 1,964 sqft. One year prior, the average listing was 1,990 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.