Whitewater VA Loans

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 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.