Watertown VA Loan Rates, Closing Costs & Stats

Watertown-Fort Atkinson, WI

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 13 5.51% $7,859
    QUICKEN LOANS, LLC 8 4.22% $9,475
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 5.05% $6,650
    FREEDOM MORTGAGE CORPORATION 4 4.25% $8,375
    Mr. Cooper ( Nationstar Mortgage ) 3 4.04% $5,889
    UNITED WHOLESALE MORTGAGE, LLC 3 5.69% $5,620
    USAA Federal Savings Bank 3 5.50% $4,100
    HOME POINT FINANCIAL CORPORATION 3 5.12% $7,216
    GUARANTEED RATE, INC. 2 3.81% $7,012
    FINANCE OF AMERICA MORTGAGE LLC 2 4.25% $5,541
    CARDINAL FINANCIAL 2 4.44% $14,457
    Mid-Continent Funding, Inc. 2 4.31% $8,176
    LOANDEPOT.COM, LLC 2 5.38% $5,602
    Bank of England 2 7.00% $8,241
    BROKER SOLUTIONS, INC. 2 4.69% $9,253
    Paramount Residential Mortgage Group, Inc. 2 5.06% $3,429
    PENNYMAC LOAN SERVICES, LLC 2 4.19% $10,255
    CROSSCOUNTRY MORTGAGE, LLC 2 5.59% $13,176
    PLANET HOME LENDING, LLC 1 3.25% $10,199
    Summit Mortgage Corporation 1 6.75% $5,282
    The Federal Savings Bank 1 2.75% $1,292
    THOMPSON KANE & COMPANY, LLC 1 5.75% $17,401
    VILLAGE CAPITAL MORTGAGE 1 2.75% $4,968
    Waukesha State Bank 1 4.75% $2,963
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $9,147
    ZILLOW HOME LOANS, LLC 1 4.88% $10,352
    A + MORTGAGE SERVICES, INC. 1 4.99% $18,895
    Associated Bank 1 3.75% $8,593
    Barrington Bank & Trust Company, N.A. 1 4.75% $15,191
    Century Mortgage Company DBA Century Lending Company 1 5.13% $3,840
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.63% $2,273
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.75% $1,255
    GUILD MORTGAGE COMPANY 1 5.13% $12,631
    INLANTA MORTGAGE, INC. 1 5.63% $2,605
    LAKEVIEW LOAN SERVICING, LLC 1 3.25% $2,963
    LOANPAL, LLC 1 4.88% $9,028
    Low VA Rates, LLC 1 5.75% $13,895
    Magnolia Bank 1 4.75% $21,953
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $14,558
    Nations Lending Corporation 1 4.00% $4,758
    NAVY FEDERAL CREDIT UNION 1 4.50% $14,884
    NEW DAY FINANCIAL, LLC 1 3.99% $11,880
    NEWREZ LLC 1 6.38% $10,080

    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. 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%) $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 for 2023-10-01 was $349,900, a difference of $3,950 (1.1%) versus the prior year and $-10,100 versus the prior month.

    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. 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 1,855 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 listing age (time on market) for 2023-10-01 was 0 days.

    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.

    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.