Watertown VA Loans
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 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 62 lenders originated 238 VA loans during 2021. The total origination value was $58,800,000, with an average VA loan value of $247,059.
Watertown VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Watertown
averaged
5.33%
for the week of 2022-08-05, compared to the national average (all VA variants) of
5.013% for the same period.
The average rate for the prior week (2022-07-29) was
5.38% and
one month ago for the week of 2022-07-01, the
average rate was 5.81%.
The average rate one year ago was 2.89%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.06%.
Watertown 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 Watertown level.
The top Watertown VA lender as defined by loan originations is Mortgage Research Center, LLC, with
33 VA loans originated. Their average total fees are
$5,783, which is $3,646
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Watertown VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,137), QUICKEN LOANS, LLC ($2,259), Mortgage Research Center, LLC ($5,783), .
The lowest rate Watertown VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.34%), FREEDOM MORTGAGE CORPORATION (2.41%), Mortgage Research Center, LLC (2.86%), .
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 | $255,000 (8.5%) | $317,325 (15.4%) | 0.00 | 271 |
2018-02-01 | $264,950 (12.8%) | $331,822 (27.7%) | 0.00 | 263 |
2018-03-01 | $275,000 (19.6%) | $350,885 (37.5%) | 0.00 | 272 |
2018-04-01 | $272,250 (11.1%) | $343,672 (17.7%) | 0.00 | 259 |
2018-05-01 | $277,450 (12.1%) | $370,517 (25.7%) | 0.00 | 231 |
2018-06-01 | $279,000 (11.6%) | $362,146 (20.0%) | 0.00 | 258 |
2018-07-01 | $275,000 (7.8%) | $349,632 (14.6%) | 0.00 | 288 |
2018-08-01 | $269,900 (4.8%) | $342,737 (6.8%) | 0.00 | 343 |
2018-09-01 | $269,900 (2.9%) | $332,950 (2.9%) | 0.00 | 342 |
2018-10-01 | $274,950 (5.8%) | $339,884 (5.3%) | 0.00 | 335 |
2018-11-01 | $271,400 (8.6%) | $331,641 (4.0%) | 0.00 | 334 |
2018-12-01 | $265,000 (3.9%) | $319,764 (0.2%) | 0.00 | 298 |
2019-01-01 | $268,000 (5.1%) | $329,171 (3.7%) | 0.00 | 259 |
2019-02-01 | $272,900 (3.0%) | $341,071 (2.8%) | 0.00 | 225 |
2019-03-01 | $284,471 (3.4%) | $354,106 (0.9%) | 0.00 | 251 |
2019-04-01 | $293,021 (7.6%) | $364,918 (6.2%) | 0.00 | 319 |
2019-05-01 | $297,400 (7.2%) | $376,879 (1.7%) | 0.00 | 242 |
2019-06-01 | $299,900 (7.5%) | $391,960 (8.2%) | 0.00 | 256 |
2019-07-01 | $280,000 (1.8%) | $376,125 (7.6%) | 0.00 | 274 |
2019-08-01 | $282,100 (4.5%) | $375,630 (9.6%) | 0.00 | 287 |
2019-09-01 | $284,550 (5.4%) | $373,889 (12.3%) | 0.00 | 304 |
2019-10-01 | $289,900 (5.4%) | $376,698 (10.8%) | 0.00 | 282 |
2019-11-01 | $279,900 (3.1%) | $359,639 (8.4%) | 0.00 | 264 |
2019-12-01 | $280,000 (5.7%) | $357,140 (11.7%) | 0.00 | 227 |
2020-01-01 | $282,450 (5.4%) | $364,719 (10.8%) | 0.00 | 206 |
2020-02-01 | $309,900 (13.6%) | $373,495 (9.5%) | 0.00 | 198 |
2020-03-01 | $319,900 (12.5%) | $386,925 (9.3%) | 0.00 | 200 |
2020-04-01 | $307,400 (4.9%) | $369,184 (1.2%) | 0.00 | 166 |
2020-05-01 | $299,900 (0.8%) | $357,319 (-5.2%) | 0.00 | 159 |
2020-06-01 | $314,450 (4.9%) | $354,558 (-9.5%) | 0.00 | 168 |
2020-07-01 | $314,900 (12.5%) | $372,220 (-1.0%) | 0.00 | 173 |
2020-08-01 | $310,000 (9.9%) | $392,931 (4.6%) | 0.00 | 172 |
2020-09-01 | $282,500 (-0.7%) | $384,692 (2.9%) | 0.00 | 168 |
2020-10-01 | $285,000 (-1.7%) | $389,030 (3.3%) | 0.00 | 152 |
2020-11-01 | $307,400 (9.8%) | $401,044 (11.5%) | 0.00 | 144 |
2020-12-01 | $289,900 (3.5%) | $396,291 (11.0%) | 0.00 | 119 |
2021-01-01 | $314,900 (11.5%) | $379,690 (4.1%) | 0.00 | 82 |
2021-02-01 | $327,400 (5.7%) | $397,516 (6.4%) | 0.00 | 66 |
2021-03-01 | $335,000 (4.7%) | $419,272 (8.4%) | 0.00 | 68 |
2021-04-01 | $349,900 (13.8%) | $404,466 (9.6%) | 0.00 | 76 |
2021-05-01 | $350,000 (16.7%) | $411,685 (15.2%) | 0.00 | 86 |
2021-06-01 | $349,950 (11.3%) | $398,005 (12.3%) | 0.00 | 99 |
2021-07-01 | $341,900 (8.6%) | $407,213 (9.4%) | 0.00 | 120 |
2021-08-01 | $312,200 (0.7%) | $391,923 (-0.3%) | 0.00 | 126 |
2021-09-01 | $322,450 (14.1%) | $396,087 (3.0%) | 0.00 | 137 |
2021-10-01 | $329,900 (15.8%) | $417,479 (7.3%) | 0.00 | 136 |
2021-11-01 | $304,000 (-1.1%) | $374,517 (-6.6%) | 0.00 | 118 |
2021-12-01 | $327,000 (12.8%) | $391,313 (-1.3%) | 0.00 | 98 |
2022-01-01 | $379,500 (20.5%) | $411,955 (8.5%) | 0.00 | 86 |
2022-02-01 | $387,400 (18.3%) | $412,230 (3.7%) | 0.00 | 71 |
2022-03-01 | $389,900 (16.4%) | $409,409 (-2.4%) | 0.00 | 64 |
2022-04-01 | $389,900 (11.4%) | $413,230 (2.2%) | 0.00 | 72 |
2022-05-01 | $389,900 (11.4%) | $428,711 (4.1%) | 0.00 | 86 |
2022-06-01 | $374,900 (7.1%) | $452,955 (13.8%) | 0.00 | 106 |
Watertown's median listing price comes in at 0% of the national average.
Watertown's average listing price for 2022-06-01 was $452,955, a difference of $54,950 (13.8%) versus the prior year and $24,244 versus the prior month.
For the 2022-06-01 period, Watertown had 106 MLS listings, a difference of 20 listings (23%) versus the prior month and 7 listings (7%) 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 | 1,804 sqft |
2018-02-01 | 0 days | 1,862 sqft |
2018-03-01 | 0 days | 1,992 sqft |
2018-04-01 | 0 days | 1,887 sqft |
2018-05-01 | 0 days | 1,992 sqft |
2018-06-01 | 0 days | 2,000 sqft |
2018-07-01 | 0 days | 1,907 sqft |
2018-08-01 | 0 days | 1,949 sqft |
2018-09-01 | 0 days | 1,832 sqft |
2018-10-01 | 0 days | 1,906 sqft |
2018-11-01 | 0 days | 1,916 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,802 sqft |
2019-02-01 | 0 days | 1,822 sqft |
2019-03-01 | 0 days | 1,974 sqft |
2019-04-01 | 0 days | 2,072 sqft |
2019-05-01 | 0 days | 2,052 sqft |
2019-06-01 | 0 days | 2,086 sqft |
2019-07-01 | 0 days | 2,054 sqft |
2019-08-01 | 0 days | 2,094 sqft |
2019-09-01 | 0 days | 2,149 sqft |
2019-10-01 | 0 days | 2,155 sqft |
2019-11-01 | 0 days | 2,000 sqft |
2019-12-01 | 0 days | 1,955 sqft |
2020-01-01 | 0 days | 1,957 sqft |
2020-02-01 | 0 days | 1,981 sqft |
2020-03-01 | 0 days | 1,981 sqft |
2020-04-01 | 0 days | 1,962 sqft |
2020-05-01 | 0 days | 1,943 sqft |
2020-06-01 | 0 days | 1,928 sqft |
2020-07-01 | 0 days | 1,948 sqft |
2020-08-01 | 0 days | 1,980 sqft |
2020-09-01 | 0 days | 1,945 sqft |
2020-10-01 | 0 days | 1,932 sqft |
2020-11-01 | 0 days | 2,081 sqft |
2020-12-01 | 0 days | 1,916 sqft |
2021-01-01 | 0 days | 1,900 sqft |
2021-02-01 | 0 days | 1,771 sqft |
2021-03-01 | 0 days | 1,902 sqft |
2021-04-01 | 0 days | 1,943 sqft |
2021-05-01 | 0 days | 1,996 sqft |
2021-06-01 | 0 days | 1,996 sqft |
2021-07-01 | 0 days | 1,996 sqft |
2021-08-01 | 0 days | 1,934 sqft |
2021-09-01 | 0 days | 1,978 sqft |
2021-10-01 | 0 days | 1,897 sqft |
2021-11-01 | 0 days | 1,931 sqft |
2021-12-01 | 0 days | 1,996 sqft |
2022-01-01 | 0 days | 1,996 sqft |
2022-02-01 | 0 days | 1,996 sqft |
2022-03-01 | 0 days | 1,977 sqft |
2022-04-01 | 0 days | 1,996 sqft |
2022-05-01 | 0 days | 1,982 sqft |
2022-06-01 | 0 days | 1,882 sqft |
Watertown's median square footage for active listings during the 2022-06-01 period was 1,882 sqft. One year prior, the average listing was 1,996 sqft.