Whitewater VA Loan Rates, Closing Costs & Stats

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 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 33 lenders originated 103 VA loans during 2024. The total origination value was $35,685,000, with an average VA loan value of $346,456.

Whitewater VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Whitewater averaged 0.4% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Whitewater's average VA mortgage closing costs are $5,629.

The average rate for the prior week (2025-06-13) was 6.84% and one month ago for the week of 2025-05-16, the average rate was 7.2%.

The average rate one year ago was 6.9%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.41%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 18 6.21% $7,740
FREEDOM MORTGAGE CORPORATION 9 6.24% $8,878
QUICKEN LOANS, LLC 7 6.48% $10,129
UNITED WHOLESALE MORTGAGE, LLC 7 5.96% $7,364
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.52% $3,418
NAVY FEDERAL CREDIT UNION 4 6.19% $7,300
NEW DAY FINANCIAL, LLC 4 6.90% $8,876
Barrington Bank & Trust Company, N.A. 4 6.13% $11,247
GUILD MORTGAGE COMPANY 3 6.54% $13,601
USAA Federal Savings Bank 2 5.44% $9,204
CROSSCOUNTRY MORTGAGE, LLC 2 6.72% $7,161
Flagstar Bank, FSB 2 6.88% $1,883
GUARANTEED RATE, INC. 2 6.45% $5,517
PENNYMAC LOAN SERVICES, LLC 2 5.75% $3,651
PLANET HOME LENDING, LLC 2 6.44% $17,836
Prosperity Home Mortgage, LLC 2 6.31% $2,339
THOMPSON KANE & COMPANY, LLC 2 7.19% $18,513
Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $27,793
NATIONS DIRECT MORTGAGE, LLC 1 5.75% $11,673
CLEARPATH LENDING 1 5.75% $4,383
Bank Five Nine 1 5.25% $2,013
TJC Mortgage, Inc. 1 5.75% $21,832
TOP FLITE FINANCIAL, INC. 1 7.13% $8,336
AMERICAN FINANCING CORPORATION 1 6.75% $18,922
AMERISAVE MORTGAGE CORPORATION 1 5.88% $17,789
SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $5,869
Texana Bank 1 6.13% $19,709
The Federal Savings Bank 1 6.25% $29,541
AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $22,920
HOMESIDE FINANCIAL, LLC 1 6.25% $45,552
JPMorgan Chase Bank 1 6.25% $3,762
LOANDEPOT.COM, LLC 1 5.99% $23,001
Cornerstone First Mortgage, Inc 1 7.13% $7,253

The top Whitewater VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $7,740, which is $1,138 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Whitewater VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,740), .

The lowest rate Whitewater VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.21%), .

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.