Whitewater VA Loan Rates, Closing Costs & Stats

Whitewater, 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.

    Whitewater's 42 lenders originated 108 VA loans during 2022. The total origination value was $31,630,000, with an average VA loan value of $292,870.

    Whitewater VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Whitewater averaged 6.83% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Whitewater's average VA mortgage closing costs are $4,995.

    The average rate for the prior week (2023-09-15) was 6.81% and one month ago for the week of 2023-08-18, the average rate was 6.9%.

    The average rate one year ago was 5.56%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.63%.

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

    Whitewater 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 Whitewater level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 16 5.16% $8,444
    FREEDOM MORTGAGE CORPORATION 10 4.65% $11,264
    QUICKEN LOANS, LLC 10 4.37% $8,166
    UNITED WHOLESALE MORTGAGE, LLC 7 4.16% $4,318
    NEW DAY FINANCIAL, LLC 4 6.56% $16,138
    CARDINAL FINANCIAL 4 4.22% $8,806
    LOANDEPOT.COM, LLC 3 3.87% $10,247
    CLEARPATH LENDING 3 3.71% $9,406
    USAA Federal Savings Bank 3 3.50% $14,292
    Barrington Bank & Trust Company, N.A. 3 4.33% $3,534
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.75% $8,760
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.94% $4,070
    Associated Bank 2 5.31% $3,338
    NAVY FEDERAL CREDIT UNION 2 5.13% $1,797
    NEWREZ LLC 2 4.00% $16,343
    INLAND BANK & TRUST 2 5.63% $5,713
    PENNYMAC LOAN SERVICES, LLC 2 3.68% $7,883
    LEADERONE FINANCIAL CORPORATION 1 3.63% $16,222
    MID AMERICA MORTGAGE, INC. 1 6.25% $5,801
    Mr. Cooper ( Nationstar Mortgage ) 1 4.50% $13,237
    OCEANSIDE MORTGAGE COMPANY 1 2.25% $4,755
    PNC Bank 1 5.00% $1,206
    The Federal Savings Bank 1 5.75% $13,546
    The Huntington National Bank 1 5.00% $1,239
    THOMPSON KANE & COMPANY, LLC 1 6.13% $7,533
    WISCONSIN MORTGAGE CORPORATION 1 5.00% $830
    Amerifirst Financial, Inc. 1 3.75% $15,283
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $1,809
    AXIA FINANCIAL, LLC 1 4.63% $14,982
    Bank Five Nine 1 2.99% $2,791
    Bank of England 1 4.75% $12,859
    CALIBER HOME LOANS, INC. 1 3.05% $5,303
    CIBM Bank 1 3.25% $11,624
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.63% $3,293
    FINANCE OF AMERICA MORTGAGE LLC 1 3.63% $2,187
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.50% $3,534
    GUARANTEED RATE, INC. 1 3.88% $6,427
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.50% $3,321
    HOMESIDE FINANCIAL, LLC 1 3.99% $10,663
    INLANTA MORTGAGE, INC. 1 5.13% $6,756
    Ixonia Bank 1 5.25% $10,640
    JPMorgan Chase Bank 1 2.99% $2,449

    The top Whitewater VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $8,444, which is $2,821 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Whitewater VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($8,166), Mortgage Research Center, LLC ($8,444), FREEDOM MORTGAGE CORPORATION ($11,264), .

    The lowest rate Whitewater VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.37%), FREEDOM MORTGAGE CORPORATION (4.65%), Mortgage Research Center, LLC (5.16%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Whitewater (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 $273,945 (10.5%) $451,317 (3.6%) 0.00 718
    2018-02-01 $277,975 (7.0%) $466,628 (2.4%) 0.00 766
    2018-03-01 $279,000 (7.6%) $459,177 (1.5%) 0.00 838
    2018-04-01 $282,450 (10.8%) $452,542 (1.2%) 0.00 875
    2018-05-01 $289,725 (12.5%) $456,645 (3.3%) 0.00 935
    2018-06-01 $285,000 (6.8%) $453,959 (1.7%) 0.00 991
    2018-07-01 $280,490 (5.9%) $451,641 (1.8%) 0.00 1,006
    2018-08-01 $285,000 (8.6%) $441,494 (-1.0%) 0.00 1,017
    2018-09-01 $288,750 (3.2%) $446,103 (-4.0%) 0.00 1,010
    2018-10-01 $284,500 (1.8%) $455,423 (-1.3%) 0.00 973
    2018-11-01 $288,950 (5.1%) $451,185 (-2.1%) 0.00 880
    2018-12-01 $289,900 (5.5%) $459,839 (1.4%) 0.00 770
    2019-01-01 $289,450 (5.7%) $463,016 (2.6%) 0.00 684
    2019-02-01 $299,000 (7.6%) $478,898 (2.6%) 0.00 693
    2019-03-01 $299,943 (7.5%) $488,473 (6.4%) 0.00 761
    2019-04-01 $313,375 (11.0%) $519,699 (14.8%) 0.00 848
    2019-05-01 $325,373 (12.3%) $528,776 (15.8%) 0.00 845
    2019-06-01 $320,040 (12.3%) $517,753 (14.1%) 0.00 884
    2019-07-01 $324,945 (15.9%) $522,709 (15.7%) 0.00 909
    2019-08-01 $320,809 (12.6%) $516,288 (16.9%) 0.00 920
    2019-09-01 $314,673 (9.0%) $507,138 (13.7%) 0.00 909
    2019-10-01 $307,173 (8.0%) $501,038 (10.0%) 0.00 889
    2019-11-01 $299,900 (3.8%) $496,905 (10.1%) 0.00 770
    2019-12-01 $300,000 (3.5%) $517,289 (12.5%) 0.00 641
    2020-01-01 $299,950 (3.6%) $512,547 (10.7%) 0.00 577
    2020-02-01 $313,880 (5.0%) $533,318 (11.4%) 0.00 634
    2020-03-01 $319,673 (6.6%) $528,300 (8.2%) 0.00 682
    2020-04-01 $317,450 (1.3%) $528,731 (1.7%) 0.00 664
    2020-05-01 $314,945 (-3.2%) $526,151 (-0.5%) 0.00 694
    2020-06-01 $317,475 (-0.8%) $532,916 (2.9%) 0.00 718
    2020-07-01 $328,250 (1.0%) $534,948 (2.3%) 0.00 718
    2020-08-01 $316,495 (-1.3%) $532,192 (3.1%) 0.00 689
    2020-09-01 $316,073 (0.4%) $510,223 (0.6%) 0.00 683
    2020-10-01 $305,000 (-0.7%) $527,018 (5.2%) 0.00 614
    2020-11-01 $299,975 (0.0%) $530,150 (6.7%) 0.00 541
    2020-12-01 $299,900 (0.0%) $530,066 (2.5%) 0.00 455
    2021-01-01 $294,900 (-1.7%) $523,724 (2.2%) 0.00 382
    2021-02-01 $309,900 (-1.3%) $552,181 (3.5%) 0.00 406
    2021-03-01 $309,600 (-3.2%) $523,510 (-0.9%) 0.00 411
    2021-04-01 $322,400 (1.6%) $512,618 (-3.1%) 0.00 442
    2021-05-01 $329,900 (4.8%) $519,821 (-1.2%) 0.00 493
    2021-06-01 $326,975 (3.0%) $528,380 (-0.9%) 0.00 534
    2021-07-01 $329,900 (0.5%) $553,774 (3.5%) 0.00 555
    2021-08-01 $349,900 (10.6%) $535,420 (0.6%) 0.00 612
    2021-09-01 $348,350 (10.2%) $521,395 (2.2%) 0.00 608
    2021-10-01 $344,950 (13.1%) $538,264 (2.1%) 0.00 529
    2021-11-01 $342,625 (14.2%) $539,749 (1.8%) 0.00 465
    2021-12-01 $332,000 (10.7%) $529,400 (-0.1%) 0.00 380
    2022-01-01 $342,950 (16.3%) $532,947 (1.8%) 0.00 314
    2022-02-01 $352,250 (13.7%) $589,820 (6.8%) 0.00 284
    2022-03-01 $371,748 (20.1%) $621,519 (18.7%) 0.00 293
    2022-04-01 $375,500 (16.5%) $599,067 (16.9%) 0.00 357
    2022-05-01 $374,500 (13.5%) $607,458 (16.9%) 0.00 372
    2022-06-01 $379,450 (16.1%) $625,391 (18.4%) 0.00 380
    2022-07-01 $374,900 (13.6%) $604,848 (9.2%) 0.00 434
    2022-08-01 $379,000 (8.3%) $634,627 (18.5%) 0.00 458
    2022-09-01 $390,000 (12.0%) $591,098 (13.4%) 0.00 451
    2022-10-01 $389,000 (12.8%) $615,043 (14.3%) 0.00 405
    2022-11-01 $375,000 (9.5%) $597,017 (10.6%) 0.00 385
    2022-12-01 $380,000 (14.5%) $607,984 (14.8%) 0.00 313
    2023-01-01 $392,175 (14.4%) $603,749 (13.3%) 0.00 270
    2023-02-01 $421,820 (19.8%) $619,356 (5.0%) 0.00 279
    2023-03-01 $437,318 (17.6%) $646,349 (4.0%) 0.00 329
    2023-04-01 $458,990 (22.2%) $686,169 (14.5%) 0.00 341
    2023-05-01 $461,595 (23.3%) $755,122 (24.3%) 0.00 379
    2023-06-01 $458,883 (20.9%) $781,038 (24.9%) 0.00 437
    2023-07-01 $465,000 (24.0%) $801,676 (32.5%) 0.00 454
    2023-08-01 $462,045 (21.9%) $781,334 (23.1%) 0.00 454
    Whitewater's median listing price for 2023-08-01 was $462,045, a difference of $83,045 (21.9%) versus the prior year and $-2,955 versus the prior month.

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

    Whitewater's average listing price for 2023-08-01 was $781,334, a difference of $146,707 (23.1%) versus the prior year and $-20,342 versus the prior month.

    For the 2023-08-01 period, Whitewater had 454 MLS listings, a difference of 0 listings (0%) versus the prior month and -4 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Whitewater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,809 sqft
    2018-02-01 0 days 1,816 sqft
    2018-03-01 0 days 1,816 sqft
    2018-04-01 0 days 1,819 sqft
    2018-05-01 0 days 1,811 sqft
    2018-06-01 0 days 1,821 sqft
    2018-07-01 0 days 1,802 sqft
    2018-08-01 0 days 1,803 sqft
    2018-09-01 0 days 1,801 sqft
    2018-10-01 0 days 1,799 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,814 sqft
    2019-03-01 0 days 1,815 sqft
    2019-04-01 0 days 1,868 sqft
    2019-05-01 0 days 1,906 sqft
    2019-06-01 0 days 1,897 sqft
    2019-07-01 0 days 1,937 sqft
    2019-08-01 0 days 1,934 sqft
    2019-09-01 0 days 1,929 sqft
    2019-10-01 0 days 1,913 sqft
    2019-11-01 0 days 1,866 sqft
    2019-12-01 0 days 1,861 sqft
    2020-01-01 0 days 1,801 sqft
    2020-02-01 0 days 1,877 sqft
    2020-03-01 0 days 1,858 sqft
    2020-04-01 0 days 1,856 sqft
    2020-05-01 0 days 1,838 sqft
    2020-06-01 0 days 1,888 sqft
    2020-07-01 0 days 1,901 sqft
    2020-08-01 0 days 1,898 sqft
    2020-09-01 0 days 1,901 sqft
    2020-10-01 0 days 1,860 sqft
    2020-11-01 0 days 1,807 sqft
    2020-12-01 0 days 1,815 sqft
    2021-01-01 0 days 1,745 sqft
    2021-02-01 0 days 1,745 sqft
    2021-03-01 0 days 1,714 sqft
    2021-04-01 0 days 1,745 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,808 sqft
    2021-07-01 0 days 1,744 sqft
    2021-08-01 0 days 1,743 sqft
    2021-09-01 0 days 1,734 sqft
    2021-10-01 0 days 1,736 sqft
    2021-11-01 0 days 1,755 sqft
    2021-12-01 0 days 1,735 sqft
    2022-01-01 0 days 1,695 sqft
    2022-02-01 0 days 1,768 sqft
    2022-03-01 0 days 1,769 sqft
    2022-04-01 0 days 1,750 sqft
    2022-05-01 0 days 1,796 sqft
    2022-06-01 0 days 1,832 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,815 sqft
    2022-09-01 0 days 1,832 sqft
    2022-10-01 0 days 1,898 sqft
    2022-11-01 0 days 1,853 sqft
    2022-12-01 0 days 1,846 sqft
    2023-01-01 0 days 1,876 sqft
    2023-02-01 0 days 1,899 sqft
    2023-03-01 0 days 1,852 sqft
    2023-04-01 0 days 1,962 sqft
    2023-05-01 0 days 1,920 sqft
    2023-06-01 0 days 1,857 sqft
    2023-07-01 0 days 1,886 sqft
    2023-08-01 0 days 1,899 sqft
    Whitewater's median listing age (time on market) for 2023-08-01 was 0 days.

    Whitewater's median square footage for active listings during the 2023-08-01 period was 1,899 sqft. One year prior, the average listing was 1,815 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.