Watertown VA Loan Rates, Closing Costs & Stats

Watertown-Fort Atkinson, WI

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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.

    Watertown's 37 lenders originated 97 VA loans during 2024. The total origination value was $32,805,000, with an average VA loan value of $338,196.

    Watertown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Watertown averaged 6.8% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Watertown's average VA mortgage closing costs are $5,645.

    The average rate for the prior week (2025-05-16) was 7.09% and one month ago for the week of 2025-04-18, the average rate was 7.06%.

    The average rate one year ago was 6.97%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.45%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 19 6.12% $8,153
    FREEDOM MORTGAGE CORPORATION 8 6.09% $9,727
    QUICKEN LOANS, LLC 6 6.02% $8,884
    UNITED WHOLESALE MORTGAGE, LLC 6 5.67% $9,355
    GUILD MORTGAGE COMPANY 5 6.18% $6,863
    NEWREZ LLC 4 6.09% $4,963
    NAVY FEDERAL CREDIT UNION 3 5.88% $3,927
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.75% $2,587
    USAA Federal Savings Bank 3 6.17% $14,888
    Barrington Bank & Trust Company, N.A. 3 6.75% $8,936
    THOMPSON KANE & COMPANY, LLC 2 6.81% $8,942
    LAKEVIEW LOAN SERVICING, LLC 2 5.50% $5,893
    NEW DAY FINANCIAL, LLC 2 7.87% $8,284
    U.S. Bank 2 5.99% $4,109
    Bank of England 2 6.38% $3,238
    The Federal Savings Bank 2 5.75% $14,906
    Prosperity Home Mortgage, LLC 1 5.75% $4,927
    Servion, Inc. 1 6.75% $12,896
    The Bank of New Glarus 1 6.25% $3,660
    VERITAS FUNDING, LLC 1 6.63% $29,826
    A + MORTGAGE SERVICES, INC. 1 5.75% $2,925
    WISCONSIN MORTGAGE CORPORATION 1 7.75% $11,914
    CARDINAL FINANCIAL 1 6.25% $18,437
    CLEARPATH LENDING 1 5.75% $19,635
    CMG MORTGAGE, INC. 1 7.38% $3,625
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.63% $5,274
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $13,081
    First Federal Bank 1 7.63% $11,606
    Flagstar Bank, FSB 1 7.25% $9,589
    Granite Community Bank 1 6.50% $8,155
    GUARANTEED RATE, INC. 1 6.18% $9,361
    Ixonia Bank 1 6.75% $4,820
    LEADERONE FINANCIAL CORPORATION 1 6.25% $238
    LOANDEPOT.COM, LLC 1 6.13% $18,869
    Nations Lending Corporation 1 6.25% $11,005
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $3,280
    PNC Bank 1 6.75% $2,506

    The top Watertown VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $8,153, which is $1,575 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Watertown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,153), .

    The lowest rate Watertown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.12%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Watertown (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 $249,900 (4.6%) $294,932 (5.1%) 0.00 267
    2018-02-01 $260,000 (8.4%) $311,271 (13.8%) 0.00 267
    2018-03-01 $264,950 (8.4%) $322,410 (17.4%) 0.00 296
    2018-04-01 $260,000 (6.2%) $322,261 (16.4%) 0.00 317
    2018-05-01 $272,200 (12.4%) $338,191 (22.8%) 0.00 320
    2018-06-01 $269,900 (10.2%) $338,170 (19.9%) 0.00 317
    2018-07-01 $265,000 (9.1%) $322,516 (14.9%) 0.00 337
    2018-08-01 $265,000 (8.2%) $321,322 (11.9%) 0.00 363
    2018-09-01 $262,450 (5.0%) $314,563 (8.0%) 0.00 363
    2018-10-01 $265,000 (6.0%) $321,821 (7.5%) 0.00 345
    2018-11-01 $265,000 (6.0%) $315,986 (5.9%) 0.00 317
    2018-12-01 $265,000 (6.0%) $313,860 (5.9%) 0.00 290
    2019-01-01 $265,000 (6.0%) $312,615 (6.0%) 0.00 260
    2019-02-01 $265,000 (1.9%) $316,544 (1.7%) 0.00 248
    2019-03-01 $270,336 (2.0%) $325,211 (0.9%) 0.00 260
    2019-04-01 $278,725 (7.2%) $344,634 (6.9%) 0.00 291
    2019-05-01 $280,000 (2.9%) $344,719 (1.9%) 0.00 303
    2019-06-01 $279,900 (3.7%) $345,268 (2.1%) 0.00 323
    2019-07-01 $269,900 (1.9%) $329,229 (2.1%) 0.00 354
    2019-08-01 $269,927 (1.9%) $331,249 (3.1%) 0.00 357
    2019-09-01 $269,968 (2.9%) $330,617 (5.1%) 0.00 356
    2019-10-01 $270,000 (1.9%) $331,016 (2.9%) 0.00 348
    2019-11-01 $259,900 (-1.9%) $315,689 (-0.1%) 0.00 314
    2019-12-01 $262,500 (-0.9%) $310,831 (-1.0%) 0.00 268
    2020-01-01 $265,000 (0.0%) $317,417 (1.5%) 0.00 231
    2020-02-01 $269,950 (1.9%) $320,781 (1.3%) 0.00 249
    2020-03-01 $279,675 (3.5%) $319,828 (-1.7%) 0.00 267
    2020-04-01 $280,000 (0.5%) $316,304 (-8.2%) 0.00 240
    2020-05-01 $280,000 (0.0%) $313,973 (-8.9%) 0.00 238
    2020-06-01 $280,000 (0.0%) $306,961 (-11.1%) 0.00 261
    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 (6.6%) 0.00 209
    2020-12-01 $278,725 (6.2%) $338,994 (9.1%) 0.00 180
    2021-01-01 $289,900 (9.4%) $350,807 (10.5%) 0.00 127
    2021-02-01 $289,900 (7.4%) $349,327 (8.9%) 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%) $406,495 (19.4%) 0.00 184
    2022-07-01 $336,600 (12.2%) $402,975 (19.5%) 0.00 189
    2022-08-01 $337,475 (16.6%) $398,032 (19.3%) 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%) $410,625 (1.0%) 0.00 128
    2023-07-01 $360,000 (7.0%) $412,727 (2.4%) 0.00 132
    2023-08-01 $354,950 (5.2%) $414,694 (4.2%) 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
    2023-11-01 $349,950 (4.0%) $429,813 (10.2%) 0.00 145
    2023-12-01 $357,450 (6.7%) $432,950 (11.8%) 0.00 122
    2024-01-01 $362,475 (7.4%) $444,766 (12.8%) 0.00 99
    2024-02-01 $352,450 (3.0%) $424,122 (4.1%) 0.00 94
    2024-03-01 $369,450 (4.8%) $440,854 (8.4%) 0.00 105
    2024-04-01 $373,450 (1.8%) $446,602 (6.6%) 0.00 111
    2024-05-01 $397,450 (8.9%) $466,421 (13.2%) 0.00 135
    2024-06-01 $399,900 (10.3%) $462,215 (12.6%) 0.00 144
    2024-07-01 $380,000 (5.6%) $460,838 (11.7%) 0.00 137
    2024-08-01 $389,450 (9.7%) $462,686 (11.6%) 0.00 132
    2024-09-01 $384,925 (6.9%) $472,254 (10.8%) 0.00 165
    2024-10-01 $379,900 (8.6%) $481,599 (15.6%) 0.00 177
    2024-11-01 $349,900 (0.0%) $446,779 (4.0%) 0.00 158
    2024-12-01 $352,425 (-1.4%) $427,193 (-1.3%) 0.00 135
    2025-01-01 $362,650 (0.1%) $441,047 (-0.8%) 0.00 114
    2025-02-01 $361,900 (2.7%) $430,312 (1.5%) 0.00 116
    2025-03-01 $389,900 (5.5%) $449,393 (1.9%) 0.00 109
    2025-04-01 $399,600 (7.0%) $463,776 (3.9%) 0.00 129
    Watertown's median listing price for 2025-04-01 was $399,600, a difference of $26,150 (7.0%) versus the prior year and $9,700 versus the prior month.

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

    Watertown's average listing price for 2025-04-01 was $463,776, a difference of $17,174 (3.9%) versus the prior year and $14,383 versus the prior month.

    For the 2025-04-01 period, Watertown had 129 MLS listings, a difference of 20 listings (18%) versus the prior month and 18 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,720 sqft
    2018-02-01 0 days 1,808 sqft
    2018-03-01 0 days 1,848 sqft
    2018-04-01 0 days 1,853 sqft
    2018-05-01 0 days 1,934 sqft
    2018-06-01 0 days 1,938 sqft
    2018-07-01 0 days 1,864 sqft
    2018-08-01 0 days 1,872 sqft
    2018-09-01 0 days 1,820 sqft
    2018-10-01 0 days 1,871 sqft
    2018-11-01 0 days 1,853 sqft
    2018-12-01 0 days 1,802 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,800 sqft
    2019-03-01 0 days 1,869 sqft
    2019-04-01 0 days 1,930 sqft
    2019-05-01 0 days 1,904 sqft
    2019-06-01 0 days 1,945 sqft
    2019-07-01 0 days 1,908 sqft
    2019-08-01 0 days 1,928 sqft
    2019-09-01 0 days 1,953 sqft
    2019-10-01 0 days 1,982 sqft
    2019-11-01 0 days 1,806 sqft
    2019-12-01 0 days 1,807 sqft
    2020-01-01 0 days 1,833 sqft
    2020-02-01 0 days 1,835 sqft
    2020-03-01 0 days 1,808 sqft
    2020-04-01 0 days 1,883 sqft
    2020-05-01 0 days 1,867 sqft
    2020-06-01 0 days 1,859 sqft
    2020-07-01 0 days 1,858 sqft
    2020-08-01 0 days 1,806 sqft
    2020-09-01 0 days 1,883 sqft
    2020-10-01 0 days 1,820 sqft
    2020-11-01 0 days 1,792 sqft
    2020-12-01 0 days 1,755 sqft
    2021-01-01 0 days 1,783 sqft
    2021-02-01 0 days 1,754 sqft
    2021-03-01 0 days 1,802 sqft
    2021-04-01 0 days 1,804 sqft
    2021-05-01 0 days 1,874 sqft
    2021-06-01 0 days 1,896 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,805 sqft
    2021-09-01 0 days 1,863 sqft
    2021-10-01 0 days 1,828 sqft
    2021-11-01 0 days 1,757 sqft
    2021-12-01 0 days 1,836 sqft
    2022-01-01 0 days 1,902 sqft
    2022-02-01 0 days 1,925 sqft
    2022-03-01 0 days 1,782 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,909 sqft
    2022-06-01 0 days 1,898 sqft
    2022-07-01 0 days 1,892 sqft
    2022-08-01 0 days 1,886 sqft
    2022-09-01 0 days 1,895 sqft
    2022-10-01 0 days 1,972 sqft
    2022-11-01 0 days 1,913 sqft
    2022-12-01 0 days 1,880 sqft
    2023-01-01 0 days 1,835 sqft
    2023-02-01 0 days 1,806 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
    2023-11-01 0 days 1,930 sqft
    2023-12-01 0 days 1,896 sqft
    2024-01-01 0 days 1,849 sqft
    2024-02-01 0 days 1,843 sqft
    2024-03-01 0 days 1,874 sqft
    2024-04-01 0 days 1,792 sqft
    2024-05-01 0 days 1,896 sqft
    2024-06-01 0 days 1,930 sqft
    2024-07-01 0 days 1,922 sqft
    2024-08-01 0 days 1,943 sqft
    2024-09-01 0 days 1,946 sqft
    2024-10-01 0 days 1,975 sqft
    2024-11-01 0 days 1,900 sqft
    2024-12-01 0 days 1,775 sqft
    2025-01-01 0 days 1,786 sqft
    2025-02-01 0 days 1,635 sqft
    2025-03-01 0 days 1,680 sqft
    2025-04-01 0 days 1,774 sqft
    Watertown's median listing age (time on market) for 2025-04-01 was 0 days.

    Watertown's median square footage for active listings during the 2025-04-01 period was 1,774 sqft. One year prior, the average listing was 1,792 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.