Warren VA Loans

WARREN-TROY-FARMINGTON HILLS, MI

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 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.

Warren's 178 lenders originated 5,765 VA loans during 2021. The total origination value was $1,427,215,000, with an average VA loan value of $247,565.

Warren VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Warren averaged 4.76% for the week of 2022-03-25, compared to the national average (all VA variants) of 4.399% for the same period.

The average rate for the prior week (2022-03-18) was 4.44% and one month ago for the week of 2022-02-18, the average rate was 4.26%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-03-25, the average rate was 4.58%.

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

Warren VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Warren level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 1,061 2.51% $4,615
Mortgage Research Center, LLC 472 2.88% $5,653
UNITED WHOLESALE MORTGAGE, LLC 452 2.57% $5,290
FREEDOM MORTGAGE CORPORATION 382 2.46% $2,832
CALIBER HOME LOANS, INC. 196 2.68% $4,731
PENNYMAC LOAN SERVICES, LLC 139 2.46% $5,256
NEW DAY FINANCIAL, LLC 130 2.80% $6,014
USAA Federal Savings Bank 123 2.83% $4,709
VILLAGE CAPITAL & INVESTMENT LLC 122 2.37% $3,491
NAVY FEDERAL CREDIT UNION 98 2.50% $4,949
CLEARPATH LENDING 87 2.32% $4,060
MORTGAGE 1 INCORPORATED 85 3.04% $5,884
LAKEVIEW LOAN SERVICING, LLC 79 2.57% $2,644
UNION HOME MORTGAGE CORP. 73 2.78% $6,690
Flagstar Bank, FSB 73 2.74% $4,895
LOANDEPOT.COM, LLC 72 2.57% $4,368
HOME POINT FINANCIAL CORPORATION 72 2.56% $4,629
CROSSCOUNTRY MORTGAGE, LLC 62 3.02% $7,355
Mr. Cooper ( Nationstar Mortgage ) 54 2.80% $3,805
The Federal Savings Bank 49 2.57% $7,283
STAUNTON FINANCIAL, INC. 45 2.68% $7,942
ROSS MORTGAGE CORPORATION 43 2.85% $4,935
MICHIGAN MUTUAL, INC. 43 2.94% $4,165
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 42 2.69% $4,842
Barrington Bank & Trust Company, N.A. 39 2.71% $5,342
PENTAGON FEDERAL CREDIT UNION 33 2.36% $4,211
AMERIFIRST FINANCIAL CORPORATION 33 3.12% $4,556
Wells Fargo Bank 28 2.52% $3,721
NEWREZ LLC 28 2.72% $3,953
LAKE MICHIGAN CREDIT UNION 27 2.75% $6,225
The Huntington National Bank 26 2.97% $4,052
Carrington Mortgage Services, LLC 23 3.17% $5,411
Low VA Rates, LLC 23 2.30% $5,066
PLANET HOME LENDING, LLC 22 2.45% $2,144
AMERISAVE MORTGAGE CORPORATION 22 2.75% $5,331
BROKER SOLUTIONS, INC. 21 2.62% $5,677
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 20 2.93% $6,255
J. VIRGIL, INC. 20 2.85% $5,470
TOWNE MORTGAGE COMPANY 19 2.77% $4,713
MUTUAL OF OMAHA MORTGAGE, INC. 16 2.70% $5,125
GUARANTEED RATE, INC. 16 2.80% $5,058
Platinum Home Mortgage Corporation 16 2.90% $9,185
UNIVERSITY LENDING GROUP, LLC 15 3.02% $8,421
PNC Bank 15 2.75% $3,541
PLAZA HOME MORTGAGE, INC. 14 2.85% $6,505
InterContinental Capital Group, Inc 13 2.42% $4,935
TCF National Bank 13 2.71% $3,360
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 2.89% $4,118
SUN WEST MORTGAGE COMPANY, INC. 13 2.64% $3,408
First State Bank 13 2.80% $5,389
Citizens Bank 13 2.77% $5,722
NBKC BANK 13 2.51% $4,718
SOVEREIGN LENDING GROUP INCORPORATED 12 2.59% $5,127
Fifth Third Bank 12 2.81% $4,702
AMERICAN FINANCIAL NETWORK, INC. 12 2.36% $7,866
MICHIGAN FIRST CREDIT UNION 12 2.92% $6,983
HOMESITE MORTGAGE, LLC 12 3.00% $5,853
SUCCESS MORTGAGE PARTNERS, INC. 11 3.09% $5,948
BNC National Bank 11 2.34% $5,268
NP, Inc. 10 2.51% $3,958
ACCELERATE MORTGAGE, LLC 10 2.27% $5,536
Lakeview Community Capital, LLC 9 2.55% $3,013
SUMMIT FUNDING, INC. 8 2.86% $5,022
MID AMERICA MORTGAGE, INC. 8 3.01% $3,033
PULTE MORTGAGE LLC 8 2.89% $6,432
North American Savings Bank, F.S.B. 8 2.28% $1,430
ACADEMY MORTGAGE CORPORATION 7 3.20% $3,811
First Guaranty Mortgage Corporation 7 2.61% $4,799
Magnolia Bank 7 2.43% $8,962
Northpointe Bank 7 2.71% $8,651
Paramount Residential Mortgage Group, Inc. 7 2.95% $6,196
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.05% $6,809
Prosperity Home Mortgage, LLC 7 2.50% $1,999
RUOFF MORTGAGE COMPANY, INC. 7 3.34% $5,720
Sunflower Bank 7 2.96% $3,545
MOVEMENT MORTGAGE, LLC 6 3.04% $6,381
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 3.00% $3,851
Nations Lending Corporation 6 2.65% $7,109
THE ANDERSON FINANCIAL GROUP, INC. 6 2.60% $5,803
GENEVA FINANCIAL, LLC 6 2.85% $9,695
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 2.72% $7,674
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 2.67% $8,298
NATIONS DIRECT MORTGAGE, LLC 5 3.35% $8,051
Preston Home Loans Inc 5 3.40% $6,415
Independent Bank 5 2.85% $6,722
MEMBER FIRST MORTGAGE, LLC 4 3.06% $8,715
Bank of England 4 2.81% $5,852
HOMESIDE FINANCIAL, LLC 4 2.84% $4,733
First Savings Bank 4 3.03% $6,131
HANCOCK MORTGAGE PARTNERS, LLC 4 3.16% $4,212
PREMIA MORTGAGE, LLC 4 2.59% $6,494
ENVOY MORTGAGE, LTD 4 3.00% $5,124
CMG MORTGAGE, INC. 4 3.28% $9,652
FirstBank 3 2.54% $1,694
MORTGAGE CENTER L.C 3 3.00% $5,061
Wyndham Capital Mortgage, Inc. 3 2.25% $493
Servion, Inc. 3 3.04% $3,330
EVERETT FINANCIAL, INC. 3 3.75% $4,963
Strong Home Mortgage, LLC 3 2.50% $7,984
Bank of Ann Arbor 3 2.50% $9,113
The Dart Bank 3 3.04% $3,044
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.96% $7,681
KELLER MORTGAGE, LLC 3 2.75% $12,225
KS StateBank 3 2.71% $7,026
Community First National Bank 3 2.54% $6,566
CHURCHILL MORTGAGE CORPORATION 3 2.58% $5,225
Meridian Bank Corporation 3 2.42% $5,171
FIRST HERITAGE FINANCIAL, LLC 3 2.46% $5,468
First Federal Bank 3 2.71% $14,803
US MORTGAGE CORPORATION 2 2.81% $2,818
LEADERONE FINANCIAL CORPORATION 2 2.69% $7,029
HARTFORD FUNDING, LTD. 2 2.69% $12,592
The Central Trust Bank 2 2.56% $1,789
AmeriHome Mortgage Company, LLC 2 2.88% $2,382
Mid-Continent Funding, Inc. 2 2.75% $5,517
Armed Forces Bank 2 2.56% $3,787
INSPIRE HOME LOANS INC. 2 3.38% $3,616
NORTHERN MORTGAGE SERVICES, LLC 2 2.50% $8,509
LIBERTY HOME MORTGAGE CORPORATION 2 3.06% $9,921
Goldwater Bank, N.A. 2 2.75% $7,479
STOCKTON MORTGAGE CORPORATION 2 2.69% $3,566
Paramount Bank 2 2.56% $10,430
Equity Prime Mortgage LLC 2 3.63% $5,515
BAYSHORE MORTGAGE FUNDING, LLC 2 2.31% $2,505
VAN DYK MORTGAGE CORPORATION 2 3.06% $6,698
Manufacturers and Traders Trust Company 2 3.06% $8,568
CELEBRITY HOME LOANS, LLC 2 2.81% $5,112
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.25% $1,873
Prime Choice Funding Inc. 2 2.25% $2,450
TJC Mortgage, Inc. 2 2.31% $3,952
GUARANTEED RATE AFFINITY, LLC 2 2.50% $5,985
NETWORK CAPITAL FUNDING CORPORATION 2 2.63% $6,868
BLG HOLDINGS, INC. 2 2.63% $2,158
NEW ENGLAND FEDERAL CREDIT UNION 2 2.88% $8,788
JPMorgan Chase Bank 2 3.00% $10,574
U.S. Bank 2 2.75% $11,984
UNITED SECURITY FINANCIAL CORP 1 2.25% $2,482
GSF Mortgage Corporation 1 2.25% $15,019
LAND HOME FINANCIAL SERVICES, INC. 1 3.38% $9,163
LENDING 3, INC. 1 4.25% $7,708
LENDUS, LLC 1 2.25% $2,719
LHM FINANCIAL CORPORATION 1 2.25% $3,356
Gateway First Bank 1 3.13% $12,092
Luxury Mortgage Corp. 1 3.38% $2,358
First Home Bank 1 2.50% $5,434
NATIONS RELIABLE LENDING, LLC 1 3.25% $525
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.63% $3,558
DAS Acquisition Company, LLC 1 3.25% $3,507
CONTOUR MORTGAGE CORPORATION 1 2.25% $4,122
AMCAP MORTGAGE, LTD. 1 3.13% $11,033
Commerce Home Mortgage, Inc. 1 2.25% $4,701
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.75% $4,001
ADVISORS CAPITAL, INC. 1 3.38% $7,176
CityWorth Mortgage LLC 1 2.75% $1,982
Citibank 1 2.88% $7,515
ChoiceOne Bank 1 2.99% $5,559
CERTAINTY HOME LOANS, LLC 1 3.13% $2,567
POLARIS HOME FUNDING CORP. 1 2.25% $6,696
Presidential Bank, FSB 1 2.25% $0
WesBanco Bank, Inc. 1 2.63% $6,648
WRIGHT-PATT CREDIT UNION, INC. 1 2.50% $3,077
Century Mortgage Company DBA Century Lending Company 1 2.88% $4,487
RELIANCE FIRST CAPITAL, LLC 1 3.00% $5,269
ROYAL UNITED MORTGAGE LLC 1 3.75% $6,388
Sierra Pacific Mortgage Company, Inc. 1 3.50% $7,443
SOUTHWEST FUNDING, LP 1 2.38% $5,220
SRE MORTGAGE ALLIANCE INC. 1 2.00% $6,316
STEARNS LENDING, LLC 1 3.99% $3,603
ZILLOW HOME LOANS, LLC 1 3.00% $5,150
Texana Bank 1 2.75% $5,466
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.88% $1,610
American Mortgage & Equity Consultants, Inc. 1 2.63% $2,478
AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $2,600
GUILD MORTGAGE COMPANY 1 2.63% $3,105
AMERICAN FINANCING CORPORATION 1 2.63% $6,464
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $8,304
AMERICAN ADVISORS GROUP 1 2.62% $6,486
Hometown Lenders, Inc. 1 3.25% $2,140

The top Warren VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,061 VA loans originated. Their average total fees are $4,615, which is $1,037 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Warren VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($2,144), LAKEVIEW LOAN SERVICING, LLC ($2,644), FREEDOM MORTGAGE CORPORATION ($2,832), TCF National Bank ($3,360) and SUN WEST MORTGAGE COMPANY, INC. ($3,408).

The lowest rate Warren VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.27%), Low VA Rates, LLC (2.30%), CLEARPATH LENDING (2.32%), BNC National Bank (2.34%) and PENTAGON FEDERAL CREDIT UNION (2.36%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Warren (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 $199,450 (7.2%) $307,748 (4.8%) 0.73 10,243
2018-02-01 $202,400 (5.3%) $316,034 (4.9%) 0.73 9,588
2018-03-01 $223,000 (5.0%) $337,028 (7.2%) 0.77 9,395
2018-04-01 $242,450 (7.8%) $342,600 (4.1%) 0.81 9,811
2018-05-01 $249,900 (6.4%) $348,144 (2.6%) 0.83 10,802
2018-06-01 $252,000 (5.7%) $353,204 (3.4%) 0.84 12,035
2018-07-01 $249,950 (6.4%) $347,899 (3.9%) 0.83 13,283
2018-08-01 $244,900 (8.8%) $335,598 (2.8%) 0.82 14,600
2018-09-01 $239,900 (6.7%) $334,488 (2.9%) 0.80 15,246
2018-10-01 $231,700 (5.4%) $325,656 (1.7%) 0.77 15,179
2018-11-01 $225,000 (4.7%) $318,611 (0.7%) 0.75 14,782
2018-12-01 $219,900 (7.3%) $313,544 (0.2%) 0.75 13,506
2019-01-01 $219,700 (10.2%) $312,979 (1.7%) 0.76 12,424
2019-02-01 $219,952 (8.7%) $316,633 (0.2%) 0.74 11,742
2019-03-01 $234,971 (5.4%) $329,887 (-2.1%) 0.77 11,477
2019-04-01 $252,450 (4.1%) $345,866 (1.0%) 0.79 11,469
2019-05-01 $259,900 (4.0%) $353,689 (1.6%) 0.80 12,508
2019-06-01 $264,900 (5.1%) $352,225 (-0.3%) 0.82 13,857
2019-07-01 $259,950 (4.0%) $347,048 (-0.2%) 0.81 15,141
2019-08-01 $251,329 (2.6%) $336,777 (0.4%) 0.79 15,754
2019-09-01 $239,900 (0.0%) $324,126 (-3.1%) 0.76 16,121
2019-10-01 $239,150 (3.2%) $323,824 (-0.6%) 0.76 15,975
2019-11-01 $232,900 (3.5%) $319,873 (0.4%) 0.75 14,923
2019-12-01 $225,000 (2.3%) $314,459 (0.3%) 0.75 13,067
2020-01-01 $224,400 (2.1%) $314,583 (0.5%) 0.75 11,700
2020-02-01 $224,999 (2.3%) $319,395 (0.9%) 0.73 10,745
2020-03-01 $239,900 (2.1%) $334,475 (1.4%) 0.75 10,285
2020-04-01 $244,950 (-3.0%) $334,393 (-3.3%) 0.76 9,984
2020-05-01 $254,700 (-2.0%) $345,247 (-2.4%) 0.77 10,708
2020-06-01 $274,900 (3.8%) $368,856 (4.7%) 0.80 10,239
2020-07-01 $279,950 (7.7%) $380,207 (9.6%) 0.80 9,825
2020-08-01 $279,900 (11.4%) $381,969 (13.4%) 0.80 9,338
2020-09-01 $274,950 (14.6%) $381,087 (17.6%) 0.79 9,033
2020-10-01 $269,900 (12.9%) $381,166 (17.7%) 0.77 8,406
2020-11-01 $259,900 (11.6%) $380,076 (18.8%) 0.74 7,714
2020-12-01 $253,500 (12.7%) $378,211 (20.3%) 0.74 6,749
2021-01-01 $250,000 (11.4%) $379,714 (20.7%) 0.74 5,642
2021-02-01 $259,900 (15.5%) $395,378 (23.8%) 0.75 4,705
2021-03-01 $271,200 (13.1%) $404,090 (20.8%) 0.76 4,548
2021-04-01 $274,950 (12.3%) $411,182 (23.0%) 0.74 4,651
2021-05-01 $279,900 (9.9%) $414,150 (20.0%) 0.74 5,253
2021-06-01 $279,200 (1.6%) $401,220 (8.8%) 0.73 6,498
2021-07-01 $277,450 (-0.9%) $399,822 (5.2%) 0.72 7,033
2021-08-01 $267,500 (-4.4%) $387,080 (1.3%) 0.70 7,884
2021-09-01 $252,500 (-8.2%) $374,582 (-1.7%) 0.66 8,067
2021-10-01 $245,000 (-9.2%) $363,449 (-4.7%) 0.64 7,805
2021-11-01 $230,900 (-11.2%) $351,438 (-7.5%) 0.61 7,238
2021-12-01 $217,450 (-14.2%) $348,174 (-7.9%) 0.58 6,279
2022-01-01 $210,000 (-16.0%) $344,377 (-9.3%) 0.56 5,163
Warren's median listing price for 2022-01-01 was $210,000, a difference of $-40,000 (-16.0%) versus the prior year and $-7,450 versus the prior month.

Warren's median listing price comes in at 56% of the national average.

Warren's average listing price for 2022-01-01 was $344,377, a difference of $-35,337 (-9.3%) versus the prior year and $-3,797 versus the prior month.

For the 2022-01-01 period, Warren had 5,163 MLS listings, a difference of -1,116 listings (-18%) versus the prior month and -479 listings (-8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Warren (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 67 days 1,571 sqft
2018-02-01 64 days 1,575 sqft
2018-03-01 50 days 1,635 sqft
2018-04-01 39 days 1,686 sqft
2018-05-01 36 days 1,713 sqft
2018-06-01 36 days 1,740 sqft
2018-07-01 37 days 1,728 sqft
2018-08-01 37 days 1,700 sqft
2018-09-01 40 days 1,686 sqft
2018-10-01 45 days 1,648 sqft
2018-11-01 47 days 1,616 sqft
2018-12-01 58 days 1,585 sqft
2019-01-01 65 days 1,585 sqft
2019-02-01 63 days 1,596 sqft
2019-03-01 51 days 1,634 sqft
2019-04-01 38 days 1,685 sqft
2019-05-01 36 days 1,721 sqft
2019-06-01 36 days 1,732 sqft
2019-07-01 37 days 1,730 sqft
2019-08-01 39 days 1,705 sqft
2019-09-01 46 days 1,668 sqft
2019-10-01 46 days 1,658 sqft
2019-11-01 50 days 1,635 sqft
2019-12-01 62 days 1,600 sqft
2020-01-01 68 days 1,592 sqft
2020-02-01 59 days 1,592 sqft
2020-03-01 48 days 1,615 sqft
2020-04-01 60 days 1,624 sqft
2020-05-01 67 days 1,650 sqft
2020-06-01 39 days 1,730 sqft
2020-07-01 38 days 1,753 sqft
2020-08-01 36 days 1,722 sqft
2020-09-01 37 days 1,684 sqft
2020-10-01 37 days 1,655 sqft
2020-11-01 42 days 1,606 sqft
2020-12-01 51 days 1,587 sqft
2021-01-01 56 days 1,570 sqft
2021-02-01 45 days 1,580 sqft
2021-03-01 34 days 1,594 sqft
2021-04-01 25 days 1,598 sqft
2021-05-01 22 days 1,609 sqft
2021-06-01 21 days 1,601 sqft
2021-07-01 23 days 1,598 sqft
2021-08-01 25 days 1,564 sqft
2021-09-01 30 days 1,520 sqft
2021-10-01 32 days 1,499 sqft
2021-11-01 36 days 1,456 sqft
2021-12-01 44 days 1,426 sqft
2022-01-01 55 days 1,413 sqft
Warren's median listing age (time on market) for 2022-01-01 was 55 days. This is -2% shorter than the same period one year ago.

Warren's median square footage for active listings during the 2022-01-01 period was 1,413 sqft. One year prior, the average listing was 1,570 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.