Watertown VA Loan Rates, Closing Costs & Stats

WATERTOWN-FORT DRUM, NY

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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 40 lenders originated 429 VA loans during 2024. The total origination value was $110,145,000, with an average VA loan value of $256,748.

    Watertown VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Watertown averaged 6.22% for the week of 2026-06-12, compared to the national average (all VA variants) of 6.111% for the same period.

    Watertown's average VA mortgage closing costs are $6,171.

    The average rate for the prior week (2026-06-05) was 6.5% and one month ago for the week of 2026-05-08, the average rate was 6.46%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2026-06-12, the average rate was 6.21%.

    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
    MOVEMENT MORTGAGE, LLC 128 6.45% $10,222
    Mortgage Research Center, LLC 62 6.56% $5,712
    HOMESTEAD FUNDING CORP. 31 6.41% $6,456
    QUICKEN LOANS, LLC 27 5.95% $8,814
    PLAZA HOME MORTGAGE, INC. 26 6.37% $8,605
    NAVY FEDERAL CREDIT UNION 25 6.01% $6,074
    CROSSCOUNTRY MORTGAGE, LLC 19 6.52% $7,090
    AMERICU Credit Union 13 5.89% $10,549
    Genesee Regional Bank 13 6.88% $10,522
    USAA Federal Savings Bank 12 6.54% $8,870
    UNITED WHOLESALE MORTGAGE, LLC 6 6.19% $4,425
    NORTHERN CREDIT UNION 4 5.65% $12,078
    Armed Forces Bank 4 6.59% $7,524
    Equity Prime Mortgage LLC 4 5.91% $5,756
    NEWREZ LLC 3 6.04% $6,693
    CONTOUR MORTGAGE CORPORATION 3 6.67% $11,994
    The Federal Savings Bank 3 6.88% $6,790
    PLANET HOME LENDING, LLC 3 5.87% $12,168
    Mr. Cooper ( Nationstar Mortgage ) 3 5.83% $16,011
    1ST PRIORITY MORTGAGE, INC. 2 6.19% $12,250
    GUARANTEED RATE, INC. 2 6.94% $6,428
    JPMorgan Chase Bank 2 6.50% $3,898
    KeyBank 2 5.81% $9,543
    LOANDEPOT.COM, LLC 2 5.62% $11,407
    PENNYMAC LOAN SERVICES, LLC 2 6.00% $4,652
    PENTAGON FEDERAL CREDIT UNION 2 6.38% $10,043
    RELIANCE FIRST CAPITAL, LLC 2 6.44% $13,686
    NORWICH COMMERCIAL GROUP, INC. 1 6.13% $6,339
    The Huntington National Bank 1 6.75% $13,337
    First National Bank Texas 1 6.75% $5,375
    Carrington Mortgage Services, LLC 1 5.63% $5,383
    Magnolia Bank 1 5.99% $13,475
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $4,990
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.25% $14,366
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $7,966
    ROYAL UNITED MORTGAGE LLC 1 6.50% $12,878
    FREEDOM MORTGAGE CORPORATION 1 5.88% $11,829
    NBKC BANK 1 6.00% $16,018
    Barrington Bank & Trust Company, N.A. 1 7.25% $3,902
    CARDINAL FINANCIAL 1 5.99% $11,363

    The top Watertown VA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 128 VA loans originated. Their average total fees are $10,222, which is $4,510 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Watertown VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,712), NAVY FEDERAL CREDIT UNION ($6,074), HOMESTEAD FUNDING CORP. ($6,456), CROSSCOUNTRY MORTGAGE, LLC ($7,090) and PLAZA HOME MORTGAGE, INC. ($8,605).

    The lowest rate Watertown VA lenders (with over 10 loans originated) are AMERICU Credit Union (5.89%), QUICKEN LOANS, LLC (5.95%), NAVY FEDERAL CREDIT UNION (6.01%), PLAZA HOME MORTGAGE, INC. (6.37%) and HOMESTEAD FUNDING CORP. (6.41%).

    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.