Whitewater VA Loans

Whitewater, 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.

Whitewater's 71 lenders originated 296 VA loans during 2021. The total origination value was $71,300,000, with an average VA loan value of $240,878.

Whitewater VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Whitewater averaged 5.18% 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 5.33% and one month ago for the week of 2022-07-01, the average rate was 5.55%.

The average rate one year ago was 3.03%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.98%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Whitewater level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 41 2.80% $3,709
QUICKEN LOANS, LLC 26 2.36% $3,541
FREEDOM MORTGAGE CORPORATION 16 2.42% $2,773
PENNYMAC LOAN SERVICES, LLC 14 2.42% $3,904
NEW DAY FINANCIAL, LLC 12 2.73% $5,964
UNITED WHOLESALE MORTGAGE, LLC 10 2.44% $7,697
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 2.97% $3,741
CLEARPATH LENDING 8 2.33% $4,294
LAKEVIEW LOAN SERVICING, LLC 7 2.46% $2,512
The Federal Savings Bank 7 2.70% $6,209
LOANDEPOT.COM, LLC 6 2.81% $7,788
Mr. Cooper ( Nationstar Mortgage ) 6 2.81% $4,860
USAA Federal Savings Bank 5 2.78% $5,438
HOME POINT FINANCIAL CORPORATION 4 2.47% $6,408
INLANTA MORTGAGE, INC. 4 3.03% $7,206
WISCONSIN MORTGAGE CORPORATION 3 2.75% $1,046
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 3.38% $5,212
NAVY FEDERAL CREDIT UNION 3 2.50% $5,920
CALIBER HOME LOANS, INC. 3 2.58% $2,005
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.08% $7,079
GUARANTEED RATE, INC. 3 2.88% $9,990
GSF Mortgage Corporation 2 2.50% $5,332
Old National Bank 2 2.81% $5,525
Associated Bank 2 2.94% $786
ENVOY MORTGAGE, LTD 2 3.50% $3,906
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.44% $1,788
BROKER SOLUTIONS, INC. 2 2.25% $7,846
Barrington Bank & Trust Company, N.A. 2 2.50% $3,723
U.S. Bank 2 2.44% $3,008
A + MORTGAGE SERVICES, INC. 2 2.81% $1,059
AMERISAVE MORTGAGE CORPORATION 2 3.44% $3,036
First Guaranty Mortgage Corporation 2 2.38% $2,041
CELEBRITY HOME LOANS, LLC 2 2.69% $4,949
SIWELL, INC. 1 2.38% $2,382
ACADEMY MORTGAGE CORPORATION 1 2.75% $3,699
VAN DYK MORTGAGE CORPORATION 1 3.50% $1,308
Watermark Capital, Inc. 1 2.38% $9,158
Waukesha State Bank 1 2.75% $13,172
SOVEREIGN LENDING GROUP INCORPORATED 1 3.75% $6,695
AMERICAN FINANCING CORPORATION 1 2.25% $3,415
American Mortgage & Equity Consultants, Inc. 1 3.13% $7,737
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.75% $2,732
AmRes Corporation 1 2.88% $15,163
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $6,681
Bank Five Nine 1 2.88% $1,445
Bell Bank 1 2.63% $2,622
Blackhawk Bank 1 3.63% $11,362
Blue Ridge Bank 1 2.38% $2,333
BNC National Bank 1 2.75% $1,828
Carrington Mortgage Services, LLC 1 2.25% $5,142
CHERRY CREEK MORTGAGE, LLC 1 3.75% $3,977
Citizens Bank 1 2.88% $9,007
CMG MORTGAGE, INC. 1 3.25% $3,850
CROSSCOUNTRY MORTGAGE, LLC 1 2.63% $2,031
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.75% $5,096
GATEWAY MORTGAGE CORPORATION 1 2.50% $944
INLAND BANK & TRUST 1 3.25% $8,583
InterContinental Capital Group, Inc 1 3.25% $14,412
LEADERONE FINANCIAL CORPORATION 1 2.99% $8,810
Loan Simple, Inc. 1 2.75% $3,005
Low VA Rates, LLC 1 2.25% $1,697
Magnolia Bank 1 2.25% $4,807
MID AMERICA MORTGAGE, INC. 1 2.88% $1,509
NATIONS RELIABLE LENDING, LLC 1 3.25% $1,710
NBKC BANK 1 2.38% $2,994
NEWREZ LLC 1 2.50% $1,051
Pacor Mortgage Corp 1 2.25% $3,170
PARKSIDE LENDING, LLC 1 3.00% $10,226
PLANET HOME LENDING, LLC 1 2.50% $13,324
PNC Bank 1 2.63% $8,582
Prosperity Home Mortgage, LLC 1 2.25% $8,020

The top Whitewater VA lender as defined by loan originations is Mortgage Research Center, LLC, with 41 VA loans originated. Their average total fees are $3,709, which is $168 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Whitewater VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,773), QUICKEN LOANS, LLC ($3,541), Mortgage Research Center, LLC ($3,709), PENNYMAC LOAN SERVICES, LLC ($3,904) and NEW DAY FINANCIAL, LLC ($5,964).

The lowest rate Whitewater VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.36%), PENNYMAC LOAN SERVICES, LLC (2.42%), FREEDOM MORTGAGE CORPORATION (2.42%), UNITED WHOLESALE MORTGAGE, LLC (2.44%) and NEW DAY FINANCIAL, LLC (2.73%).


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 $290,450 (16.4%) $454,586 (2.2%) 0.00 651
2018-02-01 $308,495 (18.7%) $480,855 (3.3%) 0.00 659
2018-03-01 $314,900 (21.6%) $486,699 (6.9%) 0.00 662
2018-04-01 $314,000 (13.8%) $503,854 (3.4%) 0.00 687
2018-05-01 $309,500 (7.1%) $517,848 (6.4%) 0.00 754
2018-06-01 $307,700 (2.6%) $509,431 (4.8%) 0.00 814
2018-07-01 $301,945 (1.0%) $518,730 (6.0%) 0.00 824
2018-08-01 $302,400 (1.1%) $500,080 (2.0%) 0.00 825
2018-09-01 $299,500 (-0.1%) $510,131 (2.0%) 0.00 829
2018-10-01 $294,995 (-1.4%) $521,631 (9.0%) 0.00 802
2018-11-01 $299,000 (0.0%) $516,481 (8.6%) 0.00 763
2018-12-01 $304,900 (4.1%) $534,960 (18.0%) 0.00 681
2019-01-01 $308,995 (6.4%) $537,313 (18.2%) 0.00 592
2019-02-01 $324,950 (5.3%) $555,780 (15.6%) 0.00 568
2019-03-01 $331,571 (5.3%) $562,758 (15.6%) 0.00 652
2019-04-01 $334,571 (6.6%) $561,629 (11.5%) 0.00 975
2019-05-01 $337,000 (8.9%) $575,375 (11.1%) 0.00 654
2019-06-01 $339,900 (10.5%) $596,388 (17.1%) 0.00 672
2019-07-01 $345,445 (14.4%) $590,902 (13.9%) 0.00 718
2019-08-01 $342,714 (13.3%) $571,165 (14.2%) 0.00 719
2019-09-01 $330,495 (10.4%) $549,835 (7.8%) 0.00 705
2019-10-01 $327,000 (10.9%) $548,329 (5.1%) 0.00 686
2019-11-01 $322,900 (8.0%) $553,313 (7.1%) 0.00 633
2019-12-01 $314,950 (3.3%) $570,814 (6.7%) 0.00 560
2020-01-01 $309,900 (0.3%) $567,870 (5.7%) 0.00 486
2020-02-01 $322,900 (-0.6%) $605,039 (8.9%) 0.00 495
2020-03-01 $330,990 (-0.2%) $616,032 (9.5%) 0.00 538
2020-04-01 $333,445 (-0.3%) $608,726 (8.4%) 0.00 554
2020-05-01 $339,900 (0.9%) $606,224 (5.4%) 0.00 542
2020-06-01 $349,195 (2.7%) $643,622 (7.9%) 0.00 479
2020-07-01 $353,400 (2.3%) $604,362 (2.3%) 0.00 453
2020-08-01 $334,900 (-2.3%) $598,684 (4.8%) 0.00 420
2020-09-01 $332,450 (0.6%) $588,225 (7.0%) 0.00 405
2020-10-01 $319,000 (-2.5%) $589,509 (7.5%) 0.00 403
2020-11-01 $306,200 (-5.2%) $613,925 (11.0%) 0.00 334
2020-12-01 $305,445 (-3.0%) $652,275 (14.3%) 0.00 299
2021-01-01 $299,900 (-3.2%) $608,453 (7.2%) 0.00 252
2021-02-01 $315,195 (-2.4%) $656,814 (8.6%) 0.00 248
2021-03-01 $324,450 (-2.0%) $681,933 (10.7%) 0.00 235
2021-04-01 $328,995 (-1.3%) $585,200 (-3.9%) 0.00 228
2021-05-01 $334,900 (-1.5%) $579,386 (-4.4%) 0.00 254
2021-06-01 $345,000 (-1.2%) $604,707 (-6.1%) 0.00 288
2021-07-01 $346,445 (-2.0%) $585,939 (-3.1%) 0.00 318
2021-08-01 $373,145 (11.4%) $579,134 (-3.3%) 0.00 381
2021-09-01 $369,245 (11.1%) $586,971 (-0.2%) 0.00 366
2021-10-01 $363,990 (14.1%) $627,852 (6.5%) 0.00 331
2021-11-01 $352,450 (15.1%) $592,114 (-3.6%) 0.00 282
2021-12-01 $349,900 (14.6%) $579,673 (-11.1%) 0.00 241
2022-01-01 $353,500 (17.9%) $604,531 (-0.6%) 0.00 193
2022-02-01 $385,645 (22.4%) $707,303 (7.7%) 0.00 158
2022-03-01 $383,240 (18.1%) $717,134 (5.2%) 0.00 165
2022-04-01 $418,190 (27.1%) $747,131 (27.7%) 0.00 170
2022-05-01 $425,000 (26.9%) $727,117 (25.5%) 0.00 192
2022-06-01 $437,250 (26.7%) $728,864 (20.5%) 0.00 216
Whitewater's median listing price for 2022-06-01 was $437,250, a difference of $92,250 (26.7%) versus the prior year and $12,250 versus the prior month.

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

Whitewater's average listing price for 2022-06-01 was $728,864, a difference of $124,157 (20.5%) versus the prior year and $1,747 versus the prior month.

For the 2022-06-01 period, Whitewater had 216 MLS listings, a difference of 24 listings (13%) versus the prior month and -72 listings (-25%) 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 1,816 sqft
2018-02-01 0 days 1,853 sqft
2018-03-01 0 days 1,915 sqft
2018-04-01 0 days 1,924 sqft
2018-05-01 0 days 1,900 sqft
2018-06-01 0 days 1,870 sqft
2018-07-01 0 days 1,864 sqft
2018-08-01 0 days 1,879 sqft
2018-09-01 0 days 1,852 sqft
2018-10-01 0 days 1,820 sqft
2018-11-01 0 days 1,850 sqft
2018-12-01 0 days 1,842 sqft
2019-01-01 0 days 1,839 sqft
2019-02-01 0 days 1,854 sqft
2019-03-01 0 days 1,871 sqft
2019-04-01 0 days 1,901 sqft
2019-05-01 0 days 1,912 sqft
2019-06-01 0 days 1,939 sqft
2019-07-01 0 days 1,994 sqft
2019-08-01 0 days 1,995 sqft
2019-09-01 0 days 1,979 sqft
2019-10-01 0 days 1,954 sqft
2019-11-01 0 days 1,902 sqft
2019-12-01 0 days 1,889 sqft
2020-01-01 0 days 1,802 sqft
2020-02-01 0 days 1,812 sqft
2020-03-01 0 days 1,896 sqft
2020-04-01 0 days 1,934 sqft
2020-05-01 0 days 1,960 sqft
2020-06-01 0 days 2,004 sqft
2020-07-01 0 days 2,004 sqft
2020-08-01 0 days 2,000 sqft
2020-09-01 0 days 1,994 sqft
2020-10-01 0 days 1,870 sqft
2020-11-01 0 days 1,888 sqft
2020-12-01 0 days 1,868 sqft
2021-01-01 0 days 1,696 sqft
2021-02-01 0 days 1,736 sqft
2021-03-01 0 days 1,698 sqft
2021-04-01 0 days 1,698 sqft
2021-05-01 0 days 1,731 sqft
2021-06-01 0 days 1,794 sqft
2021-07-01 0 days 1,720 sqft
2021-08-01 0 days 1,734 sqft
2021-09-01 0 days 1,806 sqft
2021-10-01 0 days 1,768 sqft
2021-11-01 0 days 1,675 sqft
2021-12-01 0 days 1,670 sqft
2022-01-01 0 days 1,752 sqft
2022-02-01 0 days 1,759 sqft
2022-03-01 0 days 1,690 sqft
2022-04-01 0 days 1,762 sqft
2022-05-01 0 days 1,804 sqft
2022-06-01 0 days 1,917 sqft
Whitewater's median listing age (time on market) for 2022-06-01 was 0 days.

Whitewater's median square footage for active listings during the 2022-06-01 period was 1,917 sqft. One year prior, the average listing was 1,794 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.