Warren VA Loans

WARREN-TROY-FARMINGTON HILLS, MI

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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 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.