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 28 lenders originated 58 VA loans during 2023. The total origination value was $17,530,000, with an average VA loan value of $302,241.

    Watertown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Watertown averaged 6.36% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Watertown's average VA mortgage closing costs are $5,346.

    The average rate for the prior week (2024-12-06) was 6.29% and one month ago for the week of 2024-11-08, the average rate was 6.59%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.18%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.55% $10,182
    UNITED WHOLESALE MORTGAGE, LLC 4 5.92% $8,661
    FREEDOM MORTGAGE CORPORATION 4 6.63% $22,205
    USAA Federal Savings Bank 3 5.83% $16,680
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.92% $3,563
    Mr. Cooper ( Nationstar Mortgage ) 2 6.00% $24,277
    LOANDEPOT.COM, LLC 2 5.99% $12,767
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.25% $1,893
    GUARANTEED RATE, INC. 2 6.56% $6,320
    NAVY FEDERAL CREDIT UNION 2 5.75% $9,806
    Johnson Bank 1 6.75% $2,474
    MOVEMENT MORTGAGE, LLC 1 6.75% $8,936
    NEW DAY FINANCIAL, LLC 1 7.99% $8,733
    NEWREZ LLC 1 6.75% $11,593
    PLANET HOME LENDING, LLC 1 6.38% $9,945
    QUICKEN LOANS, LLC 1 5.99% $14,550
    V.I.P. MORTGAGE, INC. 1 5.13% $3,884
    American Mortgage & Equity Consultants, Inc. 1 6.13% $620
    Wells Fargo Bank 1 6.50% $7,815
    Bank Five Nine 1 7.25% $9,900
    Barrington Bank & Trust Company, N.A. 1 6.75% $9,324
    CARDINAL FINANCIAL 1 6.25% $7,219
    CHERRY CREEK MORTGAGE, LLC 1 6.75% $649
    CMG MORTGAGE, INC. 1 6.75% $8,718
    CORNERSTONE HOME LENDING, INC. 1 6.25% $8,613
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $4,811
    Equity Prime Mortgage LLC 1 7.75% $4,493
    Ixonia Bank 1 6.13% $4,046

    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 $10,182, which is $1,521 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Watertown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($10,182), .

    The lowest rate Watertown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.55%), .

    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 $272,300 (12.4%) $338,488 (22.9%) 0.00 320
    2018-06-01 $269,900 (10.2%) $338,751 (20.1%) 0.00 316
    2018-07-01 $265,000 (9.1%) $322,941 (15.0%) 0.00 337
    2018-08-01 $265,000 (8.2%) $321,684 (12.0%) 0.00 363
    2018-09-01 $264,950 (6.0%) $314,887 (8.1%) 0.00 363
    2018-10-01 $265,000 (6.0%) $322,270 (7.6%) 0.00 344
    2018-11-01 $265,000 (6.0%) $316,604 (6.1%) 0.00 316
    2018-12-01 $265,000 (6.0%) $314,542 (6.1%) 0.00 289
    2019-01-01 $265,000 (6.0%) $313,385 (6.3%) 0.00 259
    2019-02-01 $265,000 (1.9%) $316,327 (1.6%) 0.00 249
    2019-03-01 $270,336 (2.0%) $325,084 (0.8%) 0.00 261
    2019-04-01 $279,425 (7.5%) $344,816 (7.0%) 0.00 291
    2019-05-01 $280,000 (2.8%) $344,990 (1.9%) 0.00 303
    2019-06-01 $279,900 (3.7%) $345,268 (1.9%) 0.00 323
    2019-07-01 $269,900 (1.9%) $329,229 (2.0%) 0.00 354
    2019-08-01 $269,927 (1.9%) $331,249 (3.0%) 0.00 357
    2019-09-01 $269,968 (1.9%) $330,617 (5.0%) 0.00 356
    2019-10-01 $270,000 (1.9%) $331,016 (2.7%) 0.00 348
    2019-11-01 $259,900 (-1.9%) $315,689 (-0.3%) 0.00 314
    2019-12-01 $262,500 (-0.9%) $310,831 (-1.2%) 0.00 268
    2020-01-01 $265,000 (0.0%) $317,417 (1.3%) 0.00 231
    2020-02-01 $269,950 (1.9%) $320,781 (1.4%) 0.00 249
    2020-03-01 $279,675 (3.5%) $319,828 (-1.6%) 0.00 267
    2020-04-01 $280,000 (0.2%) $316,304 (-8.3%) 0.00 239
    2020-05-01 $280,000 (0.0%) $313,973 (-9.0%) 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 (6.6%) 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%) $406,755 (19.5%) 0.00 184
    2022-07-01 $336,600 (12.2%) $403,466 (19.7%) 0.00 191
    2022-08-01 $339,300 (17.2%) $399,150 (19.7%) 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%) $412,293 (12.4%) 0.00 109
    2023-06-01 $362,450 (6.6%) $410,752 (1.0%) 0.00 128
    2023-07-01 $360,000 (7.0%) $412,727 (2.3%) 0.00 132
    2023-08-01 $354,950 (4.6%) $414,694 (3.9%) 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 $403,675 (10.6%) $476,042 (15.5%) 0.00 135
    2024-06-01 $412,499 (13.8%) $466,728 (13.6%) 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
    Watertown's median listing price for 2024-11-01 was $349,900, a difference of $-50 (0.0%) versus the prior year and $-30,000 versus the prior month.

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

    Watertown's average listing price for 2024-11-01 was $446,779, a difference of $16,966 (4.0%) versus the prior year and $-34,820 versus the prior month.

    For the 2024-11-01 period, Watertown had 158 MLS listings, a difference of -19 listings (-11%) versus the prior month and 13 listings (9%) 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 1,814 sqft
    2018-03-01 0 days 1,849 sqft
    2018-04-01 0 days 1,854 sqft
    2018-05-01 0 days 1,940 sqft
    2018-06-01 0 days 1,944 sqft
    2018-07-01 0 days 1,875 sqft
    2018-08-01 0 days 1,876 sqft
    2018-09-01 0 days 1,832 sqft
    2018-10-01 0 days 1,890 sqft
    2018-11-01 0 days 1,882 sqft
    2018-12-01 0 days 1,803 sqft
    2019-01-01 0 days 1,802 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 1,909 sqft
    2019-06-01 0 days 1,929 sqft
    2019-07-01 0 days 1,905 sqft
    2019-08-01 0 days 1,936 sqft
    2019-09-01 0 days 1,961 sqft
    2019-10-01 0 days 1,990 sqft
    2019-11-01 0 days 1,824 sqft
    2019-12-01 0 days 1,806 sqft
    2020-01-01 0 days 1,837 sqft
    2020-02-01 0 days 1,830 sqft
    2020-03-01 0 days 1,807 sqft
    2020-04-01 0 days 1,903 sqft
    2020-05-01 0 days 1,861 sqft
    2020-06-01 0 days 1,859 sqft
    2020-07-01 0 days 1,856 sqft
    2020-08-01 0 days 1,806 sqft
    2020-09-01 0 days 1,893 sqft
    2020-10-01 0 days 1,815 sqft
    2020-11-01 0 days 1,791 sqft
    2020-12-01 0 days 1,755 sqft
    2021-01-01 0 days 1,792 sqft
    2021-02-01 0 days 1,753 sqft
    2021-03-01 0 days 1,800 sqft
    2021-04-01 0 days 1,804 sqft
    2021-05-01 0 days 1,878 sqft
    2021-06-01 0 days 1,903 sqft
    2021-07-01 0 days 1,885 sqft
    2021-08-01 0 days 1,805 sqft
    2021-09-01 0 days 1,864 sqft
    2021-10-01 0 days 1,826 sqft
    2021-11-01 0 days 1,742 sqft
    2021-12-01 0 days 1,841 sqft
    2022-01-01 0 days 1,897 sqft
    2022-02-01 0 days 1,926 sqft
    2022-03-01 0 days 1,785 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,930 sqft
    2022-06-01 0 days 1,898 sqft
    2022-07-01 0 days 1,900 sqft
    2022-08-01 0 days 1,891 sqft
    2022-09-01 0 days 1,896 sqft
    2022-10-01 0 days 1,964 sqft
    2022-11-01 0 days 1,918 sqft
    2022-12-01 0 days 1,880 sqft
    2023-01-01 0 days 1,835 sqft
    2023-02-01 0 days 1,804 sqft
    2023-03-01 0 days 1,795 sqft
    2023-04-01 0 days 1,806 sqft
    2023-05-01 0 days 1,852 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 1,850 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 1,936 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 1,902 sqft
    Watertown's median listing age (time on market) for 2024-11-01 was 0 days.

    Watertown's median square footage for active listings during the 2024-11-01 period was 1,902 sqft. One year prior, the average listing was 1,930 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.