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 9 lenders originated 17 VA loans during 2023. The total origination value was $4,395,000, with an average VA loan value of $258,529.

    Wahpeton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wahpeton averaged 6.65% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Wahpeton's average VA mortgage closing costs are $5,785.

    The average rate for the prior week (2024-04-05) was 6.69% and one month ago for the week of 2024-03-08, the average rate was 6.22%.

    The average rate one year ago was 5.92%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.67%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 5 6.50% $8,958
    Gate City Bank 3 6.25% $7,191
    Mortgage Research Center, LLC 2 6.31% $15,699
    FREEDOM MORTGAGE CORPORATION 2 6.50% $14,854
    FIRST COMMUNITY CREDIT UNION 1 5.75% $3,872
    U.S. Bank 1 6.38% $15,232
    NEWREZ LLC 1 5.75% $3,872
    QUICKEN LOANS, LLC 1 6.88% $10,357
    The Federal Savings Bank 1 6.75% $11,726

    The top Wahpeton VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 5 VA loans originated. Their average total fees are $8,958, which is $1,767 higher than the next largest lender, Gate City Bank.

    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 $145,900 (32.8%) $159,725 (-13.6%) 0.00 56
    2018-02-01 $149,450 (14.3%) $172,631 (-22.0%) 0.00 56
    2018-03-01 $141,400 (0.2%) $161,419 (-29.3%) 0.00 56
    2018-04-01 $159,650 (12.5%) $189,131 (-11.8%) 0.00 53
    2018-05-01 $175,400 (18.3%) $194,413 (-6.5%) 0.00 59
    2018-06-01 $172,400 (15.0%) $199,316 (-3.4%) 0.00 74
    2018-07-01 $169,900 (13.3%) $201,289 (-0.8%) 0.00 70
    2018-08-01 $161,900 (13.3%) $195,798 (1.5%) 0.00 72
    2018-09-01 $159,900 (6.7%) $187,980 (-5.4%) 0.00 75
    2018-10-01 $164,900 (10.5%) $192,863 (-3.1%) 0.00 72
    2018-11-01 $163,675 (13.1%) $188,324 (-3.9%) 0.00 70
    2018-12-01 $155,900 (8.3%) $185,117 (17.0%) 0.00 70
    2019-01-01 $155,400 (6.5%) $174,371 (9.2%) 0.00 72
    2019-02-01 $155,650 (4.2%) $178,611 (3.5%) 0.00 64
    2019-03-01 $157,186 (11.2%) $179,657 (11.3%) 0.00 58
    2019-04-01 $160,186 (0.3%) $180,022 (-4.8%) 0.00 50
    2019-05-01 $168,900 (-3.7%) $183,552 (-5.6%) 0.00 52
    2019-06-01 $179,450 (4.1%) $194,070 (-2.6%) 0.00 69
    2019-07-01 $172,450 (1.5%) $195,388 (-2.9%) 0.00 73
    2019-08-01 $183,573 (13.4%) $203,901 (4.1%) 0.00 74
    2019-09-01 $192,757 (20.6%) $210,630 (12.1%) 0.00 72
    2019-10-01 $202,450 (22.8%) $215,716 (11.9%) 0.00 69
    2019-11-01 $176,950 (8.1%) $199,696 (6.0%) 0.00 54
    2019-12-01 $177,400 (13.8%) $197,619 (6.8%) 0.00 45
    2020-01-01 $161,175 (3.7%) $188,925 (8.4%) 0.00 36
    2020-02-01 $162,400 (4.3%) $190,717 (6.8%) 0.00 29
    2020-03-01 $179,175 (14.0%) $198,581 (10.5%) 0.00 34
    2020-04-01 $185,450 (15.8%) $213,218 (18.4%) 0.00 35
    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 (14.8%) $231,679 (16.0%) 0.00 39
    2020-12-01 $149,900 (-15.5%) $219,653 (11.2%) 0.00 38
    2021-01-01 $125,000 (-22.4%) $212,592 (12.5%) 0.00 33
    2021-02-01 $149,925 (-7.7%) $197,904 (3.8%) 0.00 30
    2021-03-01 $172,900 (-3.5%) $202,040 (1.7%) 0.00 24
    2021-04-01 $202,400 (9.1%) $217,372 (2.0%) 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
    Wahpeton's median listing price for 2024-03-01 was $409,900, a difference of $120,956 (41.9%) versus the prior year and $60,675 versus the prior month.

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

    Wahpeton's average listing price for 2024-03-01 was $357,222, a difference of $69,921 (24.3%) versus the prior year and $16,646 versus the prior month.

    For the 2024-03-01 period, Wahpeton had 66 MLS listings, a difference of -3 listings (-4%) versus the prior month and 24 listings (57%) 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 1,600 sqft
    2018-02-01 0 days 1,595 sqft
    2018-03-01 0 days 1,660 sqft
    2018-04-01 0 days 1,936 sqft
    2018-05-01 0 days 2,020 sqft
    2018-06-01 0 days 2,023 sqft
    2018-07-01 0 days 2,030 sqft
    2018-08-01 0 days 1,861 sqft
    2018-09-01 0 days 1,861 sqft
    2018-10-01 0 days 1,872 sqft
    2018-11-01 0 days 1,962 sqft
    2018-12-01 0 days 2,235 sqft
    2019-01-01 0 days 2,096 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 2,450 sqft
    2019-12-01 0 days 2,443 sqft
    2020-01-01 0 days 2,450 sqft
    2020-02-01 0 days 2,516 sqft
    2020-03-01 0 days 2,497 sqft
    2020-04-01 0 days 2,600 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
    Wahpeton's median listing age (time on market) for 2024-03-01 was 0 days.

    Wahpeton's median square footage for active listings during the 2024-03-01 period was 1,990 sqft. One year prior, the average listing was 2,360 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.