Watertown VA Loan Rates, Closing Costs & Stats
Watertown-Fort Atkinson, WI
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.
Watertown's 43 lenders originated 88 VA loans during 2022. The total origination value was $24,690,000, with an average VA loan value of $280,568.
Watertown VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Watertown
averaged
-0.29%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Watertown's average VA mortgage closing costs are $5,026.
The average rate for the prior week (2023-11-17) was
6.86% and
one month ago for the week of 2023-10-20, the
average rate was 7.29%.
The average rate one year ago was 6.4%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.02%.
Watertown 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 Watertown level.
The top Watertown VA lender as defined by loan originations is Mortgage Research Center, LLC, with
13 VA loans originated. Their average total fees are
$7,859, which is $1,616
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Watertown VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($7,859), .
The lowest rate Watertown VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (5.51%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Watertown (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 | $249,900 (4.6%) | $295,538 (5.3%) | 0.00 | 268 |
2018-02-01 | $260,000 (8.4%) | $311,827 (14.0%) | 0.00 | 268 |
2018-03-01 | $265,000 (8.4%) | $322,869 (17.6%) | 0.00 | 297 |
2018-04-01 | $260,000 (6.2%) | $322,708 (16.6%) | 0.00 | 318 |
2018-05-01 | $272,300 (12.4%) | $338,598 (23.0%) | 0.00 | 321 |
2018-06-01 | $269,900 (10.2%) | $338,552 (20.1%) | 0.00 | 317 |
2018-07-01 | $265,000 (8.6%) | $322,442 (14.8%) | 0.00 | 338 |
2018-08-01 | $265,000 (8.2%) | $321,228 (11.7%) | 0.00 | 364 |
2018-09-01 | $264,900 (6.0%) | $314,462 (7.8%) | 0.00 | 364 |
2018-10-01 | $265,000 (6.0%) | $321,649 (7.2%) | 0.00 | 346 |
2018-11-01 | $265,000 (6.0%) | $315,820 (5.7%) | 0.00 | 318 |
2018-12-01 | $265,000 (6.0%) | $313,684 (5.6%) | 0.00 | 291 |
2019-01-01 | $265,000 (6.0%) | $312,420 (5.7%) | 0.00 | 261 |
2019-02-01 | $265,000 (1.9%) | $316,327 (1.4%) | 0.00 | 249 |
2019-03-01 | $270,336 (2.0%) | $325,084 (0.7%) | 0.00 | 261 |
2019-04-01 | $278,725 (7.2%) | $344,634 (6.8%) | 0.00 | 291 |
2019-05-01 | $280,000 (2.8%) | $344,719 (1.8%) | 0.00 | 303 |
2019-06-01 | $279,900 (3.7%) | $345,268 (2.0%) | 0.00 | 323 |
2019-07-01 | $269,900 (1.9%) | $329,229 (2.1%) | 0.00 | 354 |
2019-08-01 | $269,927 (1.9%) | $331,237 (3.1%) | 0.00 | 357 |
2019-09-01 | $269,968 (1.9%) | $330,587 (5.1%) | 0.00 | 358 |
2019-10-01 | $270,000 (1.9%) | $330,969 (2.9%) | 0.00 | 350 |
2019-11-01 | $259,900 (-1.9%) | $316,034 (0.1%) | 0.00 | 315 |
2019-12-01 | $262,500 (-0.9%) | $311,192 (-0.8%) | 0.00 | 269 |
2020-01-01 | $265,000 (0.0%) | $317,768 (1.7%) | 0.00 | 232 |
2020-02-01 | $270,000 (1.9%) | $321,106 (1.5%) | 0.00 | 250 |
2020-03-01 | $279,675 (3.5%) | $319,828 (-1.6%) | 0.00 | 267 |
2020-04-01 | $280,000 (0.5%) | $316,304 (-8.2%) | 0.00 | 239 |
2020-05-01 | $280,000 (0.0%) | $313,973 (-8.9%) | 0.00 | 237 |
2020-06-01 | $280,000 (0.0%) | $306,961 (-11.1%) | 0.00 | 260 |
2020-07-01 | $280,000 (3.7%) | $327,187 (-0.6%) | 0.00 | 262 |
2020-08-01 | $279,000 (3.4%) | $331,048 (-0.1%) | 0.00 | 258 |
2020-09-01 | $270,000 (0.0%) | $337,667 (2.1%) | 0.00 | 240 |
2020-10-01 | $270,000 (0.0%) | $339,175 (2.5%) | 0.00 | 228 |
2020-11-01 | $269,975 (3.9%) | $336,388 (6.4%) | 0.00 | 209 |
2020-12-01 | $278,725 (6.2%) | $338,994 (8.9%) | 0.00 | 180 |
2021-01-01 | $289,900 (9.4%) | $350,807 (10.4%) | 0.00 | 127 |
2021-02-01 | $289,900 (7.4%) | $349,327 (8.8%) | 0.00 | 119 |
2021-03-01 | $298,850 (6.9%) | $348,832 (9.1%) | 0.00 | 131 |
2021-04-01 | $293,575 (4.9%) | $334,509 (5.8%) | 0.00 | 172 |
2021-05-01 | $325,000 (16.1%) | $349,587 (11.3%) | 0.00 | 167 |
2021-06-01 | $309,475 (10.5%) | $340,361 (10.9%) | 0.00 | 181 |
2021-07-01 | $299,900 (7.1%) | $337,149 (3.0%) | 0.00 | 201 |
2021-08-01 | $289,450 (3.8%) | $333,535 (0.8%) | 0.00 | 205 |
2021-09-01 | $295,800 (9.6%) | $338,682 (0.3%) | 0.00 | 215 |
2021-10-01 | $299,900 (11.1%) | $355,189 (4.7%) | 0.00 | 212 |
2021-11-01 | $281,950 (4.4%) | $334,277 (-0.6%) | 0.00 | 180 |
2021-12-01 | $278,725 (0.0%) | $339,312 (0.1%) | 0.00 | 148 |
2022-01-01 | $299,450 (3.3%) | $351,720 (0.3%) | 0.00 | 119 |
2022-02-01 | $335,000 (15.6%) | $369,940 (5.9%) | 0.00 | 115 |
2022-03-01 | $335,000 (12.1%) | $363,197 (4.1%) | 0.00 | 111 |
2022-04-01 | $332,450 (13.2%) | $352,429 (5.4%) | 0.00 | 132 |
2022-05-01 | $335,000 (3.1%) | $366,892 (5.0%) | 0.00 | 163 |
2022-06-01 | $339,900 (9.8%) | $406,854 (19.5%) | 0.00 | 185 |
2022-07-01 | $336,600 (12.2%) | $403,672 (19.7%) | 0.00 | 191 |
2022-08-01 | $338,075 (16.8%) | $398,897 (19.6%) | 0.00 | 205 |
2022-09-01 | $340,000 (14.9%) | $394,525 (16.5%) | 0.00 | 179 |
2022-10-01 | $345,950 (15.4%) | $401,323 (13.0%) | 0.00 | 160 |
2022-11-01 | $336,375 (19.3%) | $390,125 (16.7%) | 0.00 | 140 |
2022-12-01 | $335,000 (20.2%) | $387,391 (14.2%) | 0.00 | 105 |
2023-01-01 | $337,450 (12.7%) | $394,230 (12.1%) | 0.00 | 107 |
2023-02-01 | $342,100 (2.1%) | $407,518 (10.2%) | 0.00 | 92 |
2023-03-01 | $352,475 (5.2%) | $406,758 (12.0%) | 0.00 | 99 |
2023-04-01 | $367,000 (10.4%) | $418,904 (18.9%) | 0.00 | 102 |
2023-05-01 | $365,000 (9.0%) | $411,911 (12.3%) | 0.00 | 110 |
2023-06-01 | $362,450 (6.6%) | $410,752 (1.0%) | 0.00 | 128 |
2023-07-01 | $360,000 (7.0%) | $412,727 (2.2%) | 0.00 | 132 |
2023-08-01 | $354,950 (5.0%) | $414,694 (4.0%) | 0.00 | 140 |
2023-09-01 | $360,000 (5.9%) | $426,256 (8.0%) | 0.00 | 148 |
2023-10-01 | $349,900 (1.1%) | $416,697 (3.8%) | 0.00 | 148 |
Watertown's median listing price comes in at 0% of the national average.
Watertown's average listing price for 2023-10-01 was $416,697, a difference of $15,374 (3.8%) versus the prior year and $-9,559 versus the prior month.
For the 2023-10-01 period, Watertown had 148 MLS listings, a difference of 0 listings (0%) versus the prior month and -12 listings (-8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,720 sqft |
2018-02-01 | 0 days | 1,814 sqft |
2018-03-01 | 0 days | 1,849 sqft |
2018-04-01 | 0 days | 1,855 sqft |
2018-05-01 | 0 days | 1,947 sqft |
2018-06-01 | 0 days | 1,938 sqft |
2018-07-01 | 0 days | 1,873 sqft |
2018-08-01 | 0 days | 1,875 sqft |
2018-09-01 | 0 days | 1,820 sqft |
2018-10-01 | 0 days | 1,881 sqft |
2018-11-01 | 0 days | 1,853 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,800 sqft |
2019-02-01 | 0 days | 1,800 sqft |
2019-03-01 | 0 days | 1,874 sqft |
2019-04-01 | 0 days | 1,948 sqft |
2019-05-01 | 0 days | 1,908 sqft |
2019-06-01 | 0 days | 1,913 sqft |
2019-07-01 | 0 days | 1,905 sqft |
2019-08-01 | 0 days | 1,938 sqft |
2019-09-01 | 0 days | 1,965 sqft |
2019-10-01 | 0 days | 1,993 sqft |
2019-11-01 | 0 days | 1,824 sqft |
2019-12-01 | 0 days | 1,815 sqft |
2020-01-01 | 0 days | 1,841 sqft |
2020-02-01 | 0 days | 1,835 sqft |
2020-03-01 | 0 days | 1,812 sqft |
2020-04-01 | 0 days | 1,904 sqft |
2020-05-01 | 0 days | 1,855 sqft |
2020-06-01 | 0 days | 1,861 sqft |
2020-07-01 | 0 days | 1,858 sqft |
2020-08-01 | 0 days | 1,806 sqft |
2020-09-01 | 0 days | 1,884 sqft |
2020-10-01 | 0 days | 1,815 sqft |
2020-11-01 | 0 days | 1,787 sqft |
2020-12-01 | 0 days | 1,754 sqft |
2021-01-01 | 0 days | 1,784 sqft |
2021-02-01 | 0 days | 1,753 sqft |
2021-03-01 | 0 days | 1,801 sqft |
2021-04-01 | 0 days | 1,804 sqft |
2021-05-01 | 0 days | 1,874 sqft |
2021-06-01 | 0 days | 1,902 sqft |
2021-07-01 | 0 days | 1,867 sqft |
2021-08-01 | 0 days | 1,811 sqft |
2021-09-01 | 0 days | 1,867 sqft |
2021-10-01 | 0 days | 1,817 sqft |
2021-11-01 | 0 days | 1,748 sqft |
2021-12-01 | 0 days | 1,839 sqft |
2022-01-01 | 0 days | 1,890 sqft |
2022-02-01 | 0 days | 1,915 sqft |
2022-03-01 | 0 days | 1,783 sqft |
2022-04-01 | 0 days | 1,800 sqft |
2022-05-01 | 0 days | 1,930 sqft |
2022-06-01 | 0 days | 1,895 sqft |
2022-07-01 | 0 days | 1,900 sqft |
2022-08-01 | 0 days | 1,891 sqft |
2022-09-01 | 0 days | 1,880 sqft |
2022-10-01 | 0 days | 1,970 sqft |
2022-11-01 | 0 days | 1,917 sqft |
2022-12-01 | 0 days | 1,880 sqft |
2023-01-01 | 0 days | 1,844 sqft |
2023-02-01 | 0 days | 1,802 sqft |
2023-03-01 | 0 days | 1,795 sqft |
2023-04-01 | 0 days | 1,806 sqft |
2023-05-01 | 0 days | 1,854 sqft |
2023-06-01 | 0 days | 1,899 sqft |
2023-07-01 | 0 days | 1,900 sqft |
2023-08-01 | 0 days | 1,951 sqft |
2023-09-01 | 0 days | 1,926 sqft |
2023-10-01 | 0 days | 1,936 sqft |
Watertown's median square footage for active listings during the 2023-10-01 period was 1,936 sqft. One year prior, the average listing was 1,970 sqft.