Waterloo VA Loans
WATERLOO-CEDAR FALLS, IA
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.
Waterloo's 49 lenders originated 236 VA loans during 2021. The total origination value was $46,530,000, with an average VA loan value of $197,161.
Waterloo VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Waterloo
averaged
5.56%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.29% and
one month ago for the week of 2022-04-08, the
average rate was 5.21%.
The average rate one year ago was 3.13%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.08%.
Waterloo 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 Waterloo level.
The top Waterloo VA lender as defined by loan originations is VERIDIAN CREDIT UNION, with
34 VA loans originated. Their average total fees are
$3,447, which is $338
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Waterloo VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($1,434), Mortgage Research Center, LLC ($3,109), VERIDIAN CREDIT UNION ($3,447), QUICKEN LOANS, LLC ($4,240) and PENNYMAC LOAN SERVICES, LLC ($4,743).
The lowest rate Waterloo VA lenders (with over 10 loans originated) are
VERIDIAN CREDIT UNION (2.30%), QUICKEN LOANS, LLC (2.54%), FREEDOM MORTGAGE CORPORATION (2.61%), PENNYMAC LOAN SERVICES, LLC (2.64%) and Mortgage Research Center, LLC (2.91%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Waterloo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $134,900 (-0.1%) | $176,134 (3.4%) | 0.50 | 637 |
2018-02-01 | $136,950 (-2.0%) | $173,744 (0.8%) | 0.49 | 612 |
2018-03-01 | $139,900 (-3.3%) | $175,285 (-2.0%) | 0.48 | 580 |
2018-04-01 | $144,700 (-2.2%) | $181,071 (-0.2%) | 0.49 | 565 |
2018-05-01 | $139,950 (-3.4%) | $180,976 (1.1%) | 0.47 | 577 |
2018-06-01 | $144,900 (-2.4%) | $182,601 (1.6%) | 0.48 | 628 |
2018-07-01 | $146,000 (0.7%) | $183,618 (1.7%) | 0.49 | 657 |
2018-08-01 | $141,700 (-2.9%) | $183,563 (0.1%) | 0.47 | 697 |
2018-09-01 | $142,500 (-0.7%) | $185,600 (2.9%) | 0.48 | 673 |
2018-10-01 | $144,700 (3.4%) | $184,975 (2.2%) | 0.48 | 670 |
2018-11-01 | $144,900 (4.4%) | $183,186 (2.3%) | 0.49 | 657 |
2018-12-01 | $139,900 (5.3%) | $182,268 (5.1%) | 0.48 | 606 |
2019-01-01 | $142,250 (5.5%) | $186,373 (5.8%) | 0.49 | 540 |
2019-02-01 | $144,950 (5.8%) | $190,870 (9.9%) | 0.49 | 505 |
2019-03-01 | $152,371 (8.9%) | $202,593 (15.6%) | 0.50 | 493 |
2019-04-01 | $155,921 (7.8%) | $206,841 (14.2%) | 0.49 | 508 |
2019-05-01 | $159,900 (14.3%) | $210,918 (16.5%) | 0.49 | 535 |
2019-06-01 | $169,500 (17.0%) | $216,779 (18.7%) | 0.52 | 587 |
2019-07-01 | $169,400 (16.0%) | $216,018 (17.7%) | 0.53 | 567 |
2019-08-01 | $166,657 (17.6%) | $213,433 (16.3%) | 0.52 | 574 |
2019-09-01 | $166,657 (17.0%) | $214,004 (15.3%) | 0.53 | 593 |
2019-10-01 | $162,225 (12.1%) | $208,969 (13.0%) | 0.52 | 623 |
2019-11-01 | $164,900 (13.8%) | $204,963 (11.9%) | 0.53 | 616 |
2019-12-01 | $159,753 (14.2%) | $200,490 (10.0%) | 0.53 | 585 |
2020-01-01 | $159,900 (12.4%) | $200,348 (7.5%) | 0.53 | 532 |
2020-02-01 | $162,500 (12.1%) | $204,045 (6.9%) | 0.52 | 487 |
2020-03-01 | $155,000 (1.7%) | $203,458 (0.4%) | 0.48 | 485 |
2020-04-01 | $159,000 (2.0%) | $204,050 (-1.4%) | 0.50 | 490 |
2020-05-01 | $170,000 (6.3%) | $213,990 (1.5%) | 0.52 | 455 |
2020-06-01 | $174,900 (3.2%) | $222,663 (2.7%) | 0.51 | 469 |
2020-07-01 | $179,000 (5.7%) | $228,786 (5.9%) | 0.51 | 450 |
2020-08-01 | $177,500 (6.5%) | $229,183 (7.4%) | 0.51 | 441 |
2020-09-01 | $171,000 (2.6%) | $222,492 (4.0%) | 0.49 | 418 |
2020-10-01 | $164,900 (1.7%) | $215,394 (3.1%) | 0.47 | 445 |
2020-11-01 | $156,750 (-4.9%) | $218,715 (6.7%) | 0.45 | 433 |
2020-12-01 | $152,200 (-4.7%) | $225,498 (12.5%) | 0.45 | 361 |
2021-01-01 | $159,900 (0.0%) | $231,422 (15.5%) | 0.47 | 307 |
2021-02-01 | $163,000 (0.3%) | $228,142 (11.8%) | 0.47 | 253 |
2021-03-01 | $157,450 (1.6%) | $223,928 (10.1%) | 0.44 | 221 |
2021-04-01 | $164,900 (3.7%) | $232,360 (13.9%) | 0.44 | 198 |
2021-05-01 | $169,900 (-0.1%) | $228,402 (6.7%) | 0.45 | 187 |
2021-06-01 | $161,325 (-7.8%) | $219,191 (-1.6%) | 0.42 | 212 |
2021-07-01 | $160,200 (-10.5%) | $217,034 (-5.1%) | 0.42 | 254 |
2021-08-01 | $158,950 (-10.5%) | $215,443 (-6.0%) | 0.42 | 300 |
2021-09-01 | $154,700 (-9.5%) | $214,332 (-3.7%) | 0.41 | 297 |
2021-10-01 | $149,900 (-9.1%) | $212,697 (-1.3%) | 0.39 | 280 |
2021-11-01 | $149,450 (-4.7%) | $203,057 (-7.2%) | 0.39 | 252 |
2021-12-01 | $149,000 (-2.1%) | $195,703 (-13.2%) | 0.40 | 221 |
2022-01-01 | $159,500 (-0.3%) | $206,905 (-10.6%) | 0.43 | 185 |
2022-02-01 | $180,000 (10.4%) | $255,091 (11.8%) | 0.46 | 141 |
2022-03-01 | $244,450 (55.3%) | $262,735 (17.3%) | 0.60 | 126 |
2022-04-01 | $234,900 (42.5%) | $272,990 (17.5%) | 0.55 | 124 |
Waterloo's median listing price comes in at 55% of the national average.
Waterloo's average listing price for 2022-04-01 was $272,990, a difference of $40,630 (17.5%) versus the prior year and $10,255 versus the prior month.
For the 2022-04-01 period, Waterloo had 124 MLS listings, a difference of -2 listings (-2%) versus the prior month and -74 listings (-37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Waterloo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 81 days | 1,569 sqft |
2018-02-01 | 80 days | 1,565 sqft |
2018-03-01 | 63 days | 1,565 sqft |
2018-04-01 | 51 days | 1,585 sqft |
2018-05-01 | 46 days | 1,594 sqft |
2018-06-01 | 48 days | 1,610 sqft |
2018-07-01 | 53 days | 1,594 sqft |
2018-08-01 | 51 days | 1,584 sqft |
2018-09-01 | 58 days | 1,600 sqft |
2018-10-01 | 65 days | 1,606 sqft |
2018-11-01 | 68 days | 1,608 sqft |
2018-12-01 | 78 days | 1,600 sqft |
2019-01-01 | 83 days | 1,611 sqft |
2019-02-01 | 87 days | 1,611 sqft |
2019-03-01 | 82 days | 1,626 sqft |
2019-04-01 | 54 days | 1,596 sqft |
2019-05-01 | 48 days | 1,536 sqft |
2019-06-01 | 52 days | 1,480 sqft |
2019-07-01 | 59 days | 1,480 sqft |
2019-08-01 | 65 days | 1,461 sqft |
2019-09-01 | 63 days | 1,450 sqft |
2019-10-01 | 64 days | 1,436 sqft |
2019-11-01 | 65 days | 1,430 sqft |
2019-12-01 | 72 days | 1,399 sqft |
2020-01-01 | 83 days | 1,415 sqft |
2020-02-01 | 85 days | 1,442 sqft |
2020-03-01 | 59 days | 1,428 sqft |
2020-04-01 | 57 days | 1,428 sqft |
2020-05-01 | 67 days | 1,485 sqft |
2020-06-01 | 68 days | 1,491 sqft |
2020-07-01 | 57 days | 1,472 sqft |
2020-08-01 | 59 days | 1,457 sqft |
2020-09-01 | 67 days | 1,446 sqft |
2020-10-01 | 57 days | 1,432 sqft |
2020-11-01 | 53 days | 1,403 sqft |
2020-12-01 | 57 days | 1,396 sqft |
2021-01-01 | 70 days | 1,395 sqft |
2021-02-01 | 88 days | 1,452 sqft |
2021-03-01 | 63 days | 1,430 sqft |
2021-04-01 | 56 days | 1,473 sqft |
2021-05-01 | 38 days | 1,497 sqft |
2021-06-01 | 32 days | 1,468 sqft |
2021-07-01 | 31 days | 1,434 sqft |
2021-08-01 | 39 days | 1,389 sqft |
2021-09-01 | 49 days | 1,426 sqft |
2021-10-01 | 57 days | 1,360 sqft |
2021-11-01 | 52 days | 1,342 sqft |
2021-12-01 | 55 days | 1,302 sqft |
2022-01-01 | 67 days | 1,340 sqft |
2022-02-01 | 67 days | 1,374 sqft |
2022-03-01 | 51 days | 1,442 sqft |
2022-04-01 | 39 days | 1,456 sqft |
Waterloo's median square footage for active listings during the 2022-04-01 period was 1,456 sqft. One year prior, the average listing was 1,473 sqft.