Worcester VA Loan Rates, Closing Costs & Stats

WORCESTER, MA-CT

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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.

    Worcester's 82 lenders originated 634 VA loans during 2024. The total origination value was $281,050,000, with an average VA loan value of $443,297.

    Worcester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Worcester averaged 7.12% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Worcester's average VA mortgage closing costs are $7,008.

    The average rate for the prior week (2025-05-16) was 7.01% and one month ago for the week of 2025-04-18, the average rate was 6.78%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.44%.

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

    Worcester 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 Worcester level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 106 6.38% $10,794
    UNITED WHOLESALE MORTGAGE, LLC 62 5.96% $7,839
    QUICKEN LOANS, LLC 44 5.90% $14,340
    FREEDOM MORTGAGE CORPORATION 33 6.17% $10,312
    PENNYMAC LOAN SERVICES, LLC 27 5.59% $8,034
    NEWREZ LLC 26 6.10% $7,434
    NAVY FEDERAL CREDIT UNION 24 5.82% $5,346
    TOTAL MORTGAGE SERVICES, LLC 23 6.32% $12,653
    CMG MORTGAGE, INC. 19 6.37% $8,064
    GUARANTEED RATE, INC. 19 6.15% $3,363
    USAA Federal Savings Bank 14 6.13% $7,734
    The Federal Savings Bank 14 6.20% $16,153
    CROSSCOUNTRY MORTGAGE, LLC 12 6.43% $7,318
    VILLAGE CAPITAL MORTGAGE 11 5.53% $8,564
    Leader Bank 11 5.94% $10,286
    LOANDEPOT.COM, LLC 11 5.63% $12,558
    Mr. Cooper ( Nationstar Mortgage ) 8 6.14% $11,096
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.73% $10,727
    MOVEMENT MORTGAGE, LLC 7 6.59% $10,103
    Ixonia Bank 6 6.92% $7,486
    LAKEVIEW LOAN SERVICING, LLC 6 5.89% $6,094
    Barrington Bank & Trust Company, N.A. 5 6.63% $8,486
    NBKC BANK 5 5.55% $8,251
    Magnolia Bank 5 5.95% $26,517
    GUILD MORTGAGE COMPANY 4 6.78% $6,209
    PHH Mortgage Corporation 4 5.78% $11,889
    DREW MORTGAGE ASSOCIATES, INC. 4 6.91% $7,368
    BAY EQUITY LLC 4 6.50% $10,306
    ALLIED MORTGAGE GROUP, INC. 4 6.34% $5,141
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.63% $20,291
    EMM LOANS LLC 3 6.04% $10,283
    First Federal Bank 3 5.54% $10,304
    PLAZA HOME MORTGAGE, INC. 3 6.63% $17,829
    EQUITY RESOURCES, INC. 3 6.08% $4,012
    BROKER SOLUTIONS, INC. 3 6.33% $18,643
    GENEVA FINANCIAL, LLC 3 6.33% $16,074
    Texana Bank 2 5.88% $12,485
    Fall River Five Cents Savings Bank 2 6.56% $18,968
    GUARANTEED RATE AFFINITY, LLC 2 6.50% $4,463
    HOMESIDE FINANCIAL, LLC 2 6.06% $19,470
    JMAC LENDING, INC. 2 6.13% $4,618
    OCMBC, INC. 2 6.13% $12,534
    Plains Commerce Bank 2 6.00% $20,577
    RADIUS FINANCIAL GROUP INC. 2 6.69% $21,598
    Ross Mortgage Company, Inc. 2 6.94% $7,403
    SALEM FIVE MORTGAGE COMPANY, LLC 2 6.06% $6,279
    Sierra Pacific Mortgage Company, Inc. 2 6.50% $7,136
    U.S. Bank 2 5.94% $11,430
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $5,585
    HARBORONE MORTGAGE, LLC 1 6.63% $3,700
    NEW FED MORTGAGE, CORP. 1 6.63% $5,841
    FIRST MORTGAGE COMPANY, INC. 1 6.75% $17,832
    NORTHEAST HOME LOAN, LLC 1 5.38% $24,207
    NORTHPOINT MORTGAGE, INC. 1 5.75% $13,179
    NORWICH COMMERCIAL GROUP, INC. 1 5.75% $16,176
    TOP FLITE FINANCIAL, INC. 1 6.63% $18,245
    Financial Funding Solutions, Inc. 1 6.75% $4,092
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $15,637
    Equity Prime Mortgage LLC 1 6.25% $15,094
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $10,412
    CARDINAL FINANCIAL 1 7.25% $10,042
    Prosperity Home Mortgage, LLC 1 6.00% $6,074
    BETTER MORTGAGE CORPORATION 1 6.25% $12,676
    UMB Bank 1 6.25% $4,984
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $10,132
    Residential Mortgage Solutions, Inc. 1 5.13% $6,045
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $11,910
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $5,860
    Semper Home Loans, Inc. 1 6.75% $33,362
    AMERICAN FINANCIAL NETWORK, INC. 1 7.63% $145
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $19,076
    BAYCOAST MORTGAGE COMPANY, LLC 1 5.75% $4,026
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.25% $7,317
    The Washington Trust Company, of Westerly 1 6.13% $7,064
    TJC Mortgage, Inc. 1 5.75% $23,349
    MORTGAGE EQUITY PARTNERS LLC 1 6.25% $16,716
    MILEND, INC. 1 5.88% $18,020
    LADERA LENDING, INC. 1 6.13% $13,351
    Keystone Funding, Inc. 1 7.13% $3,439
    INTELLILOAN, INC. 1 6.50% $14,468
    Nations Lending Corporation 1 7.25% $6,658
    NATIONS RELIABLE LENDING, LLC 1 5.25% $2,236

    The top Worcester VA lender as defined by loan originations is Mortgage Research Center, LLC, with 106 VA loans originated. Their average total fees are $10,794, which is $2,955 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Worcester VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($3,363), NAVY FEDERAL CREDIT UNION ($5,346), CROSSCOUNTRY MORTGAGE, LLC ($7,318), NEWREZ LLC ($7,434) and USAA Federal Savings Bank ($7,734).

    The lowest rate Worcester VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.53%), PENNYMAC LOAN SERVICES, LLC (5.59%), LOANDEPOT.COM, LLC (5.63%), NAVY FEDERAL CREDIT UNION (5.82%) and QUICKEN LOANS, LLC (5.90%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Worcester (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 $309,950 (7.1%) $371,579 (6.6%) 1.15 1,524
    2018-02-01 $319,900 (8.0%) $379,033 (7.2%) 1.16 1,436
    2018-03-01 $329,900 (8.2%) $397,354 (9.4%) 1.16 1,462
    2018-04-01 $346,906 (8.4%) $416,480 (11.0%) 1.18 1,590
    2018-05-01 $349,900 (9.4%) $417,375 (10.8%) 1.17 1,818
    2018-06-01 $349,900 (6.1%) $417,219 (8.7%) 1.17 2,091
    2018-07-01 $349,900 (7.7%) $416,830 (9.6%) 1.17 2,187
    2018-08-01 $349,450 (9.2%) $410,125 (8.7%) 1.17 2,294
    2018-09-01 $340,000 (9.7%) $408,009 (9.6%) 1.14 2,494
    2018-10-01 $330,000 (8.2%) $400,674 (7.7%) 1.12 2,515
    2018-11-01 $329,900 (6.5%) $395,076 (5.6%) 1.12 2,356
    2018-12-01 $329,900 (6.5%) $396,198 (6.5%) 1.14 1,933
    2019-01-01 $332,500 (7.3%) $398,354 (7.2%) 1.15 1,640
    2019-02-01 $349,675 (9.3%) $404,410 (6.7%) 1.18 1,502
    2019-03-01 $362,757 (10.0%) $418,231 (5.3%) 1.19 1,555
    2019-04-01 $379,900 (9.5%) $435,002 (4.5%) 1.21 1,653
    2019-05-01 $389,900 (11.4%) $443,457 (6.3%) 1.22 1,861
    2019-06-01 $389,900 (11.4%) $451,791 (8.3%) 1.22 2,080
    2019-07-01 $379,900 (8.6%) $445,764 (6.9%) 1.19 2,099
    2019-08-01 $376,164 (7.6%) $441,387 (7.6%) 1.19 2,099
    2019-09-01 $370,559 (9.0%) $434,322 (6.5%) 1.19 2,116
    2019-10-01 $368,673 (11.7%) $429,450 (7.2%) 1.19 2,121
    2019-11-01 $369,900 (12.1%) $423,282 (7.1%) 1.21 1,926
    2019-12-01 $369,900 (12.1%) $421,551 (6.4%) 1.23 1,538
    2020-01-01 $369,900 (11.3%) $426,095 (7.0%) 1.24 1,312
    2020-02-01 $374,900 (7.2%) $440,979 (9.0%) 1.23 1,196
    2020-03-01 $394,200 (8.7%) $456,129 (9.1%) 1.24 1,285
    2020-04-01 $389,950 (2.7%) $450,844 (3.6%) 1.22 1,304
    2020-05-01 $399,900 (2.6%) $462,749 (4.4%) 1.22 1,354
    2020-06-01 $419,950 (7.7%) $487,659 (7.9%) 1.24 1,245
    2020-07-01 $419,950 (10.5%) $489,462 (9.8%) 1.22 1,109
    2020-08-01 $409,000 (8.7%) $488,802 (10.7%) 1.17 1,020
    2020-09-01 $399,925 (7.9%) $489,223 (12.6%) 1.15 1,035
    2020-10-01 $399,900 (8.5%) $498,609 (16.1%) 1.15 1,050
    2020-11-01 $394,425 (6.6%) $486,255 (14.9%) 1.15 909
    2020-12-01 $397,722 (7.5%) $484,617 (15.0%) 1.18 773
    2021-01-01 $415,000 (12.2%) $508,984 (19.5%) 1.24 572
    2021-02-01 $425,000 (13.4%) $504,117 (14.3%) 1.24 482
    2021-03-01 $412,450 (4.6%) $497,606 (9.1%) 1.17 539
    2021-04-01 $414,975 (6.4%) $495,676 (9.9%) 1.12 595
    2021-05-01 $425,000 (6.3%) $504,094 (8.9%) 1.13 660
    2021-06-01 $443,250 (5.6%) $508,707 (4.3%) 1.17 778
    2021-07-01 $449,000 (6.9%) $505,855 (3.4%) 1.18 854
    2021-08-01 $430,000 (5.1%) $498,711 (2.0%) 1.15 903
    2021-09-01 $429,450 (7.4%) $502,004 (2.6%) 1.15 922
    2021-10-01 $402,000 (0.5%) $488,744 (-2.0%) 1.07 916
    2021-11-01 $405,995 (2.9%) $481,243 (-1.0%) 1.09 762
    2021-12-01 $416,250 (4.7%) $489,870 (1.1%) 1.13 571
    2022-01-01 $430,000 (3.6%) $504,428 (-0.9%) 1.16 432
    2022-02-01 $450,000 (5.9%) $527,232 (4.6%) 1.17 402
    2022-03-01 $457,500 (10.9%) $541,288 (8.8%) 1.15 412
    2022-04-01 $470,000 (13.3%) $565,176 (14.0%) 1.12 505
    2022-05-01 $495,000 (16.5%) $569,305 (12.9%) 1.13 655
    2022-06-01 $472,400 (6.6%) $554,026 (8.9%) 1.05 827
    2022-07-01 $474,900 (5.8%) $548,050 (8.3%) 1.07 1,005
    2022-08-01 $469,900 (9.3%) $548,895 (10.1%) 1.09 968
    2022-09-01 $459,900 (7.1%) $544,007 (8.4%) 1.08 918
    2022-10-01 $464,961 (15.7%) $543,375 (11.2%) 1.09 936
    2022-11-01 $462,400 (13.9%) $542,645 (12.8%) 1.11 904
    2022-12-01 $469,400 (12.8%) $550,650 (12.4%) 1.16 679
    2023-01-01 $482,450 (12.2%) $553,474 (9.7%) 1.20 617
    2023-02-01 $507,400 (12.8%) $576,996 (9.4%) 1.22 512
    2023-03-01 $517,400 (13.1%) $583,297 (7.8%) 1.22 498
    2023-04-01 $524,990 (11.7%) $606,876 (7.4%) 1.22 577
    2023-05-01 $528,698 (6.8%) $611,097 (7.3%) 1.20 625
    2023-06-01 $527,450 (11.7%) $616,381 (11.3%) 1.19 675
    2023-07-01 $529,900 (11.6%) $615,012 (12.2%) 1.20 629
    2023-08-01 $519,925 (10.7%) $601,853 (9.7%) 1.19 704
    2023-09-01 $510,000 (10.9%) $599,240 (10.2%) 1.19 770
    2023-10-01 $507,500 (9.2%) $595,887 (9.7%) 1.19 799
    2023-11-01 $499,900 (8.1%) $582,773 (7.4%) 1.19 813
    2023-12-01 $524,900 (11.8%) $592,344 (7.6%) 1.28 656
    2024-01-01 $525,000 (8.8%) $591,566 (6.9%) 1.28 533
    2024-02-01 $532,445 (4.9%) $618,346 (7.2%) 1.28 505
    2024-03-01 $525,000 (1.5%) $628,182 (7.7%) 1.24 542
    2024-04-01 $550,925 (4.9%) $653,141 (7.6%) 1.28 622
    2024-05-01 $557,425 (5.4%) $654,087 (7.0%) 1.27 711
    2024-06-01 $550,000 (4.3%) $652,299 (5.8%) 1.25 857
    2024-07-01 $560,725 (5.8%) $661,692 (7.6%) 1.28 862
    2024-08-01 $529,900 (1.9%) $636,778 (5.8%) 1.23 920
    2024-09-01 $539,900 (5.9%) $636,018 (6.1%) 1.27 1,028
    2024-10-01 $544,950 (7.4%) $635,653 (6.7%) 1.28 1,104
    2024-11-01 $529,850 (6.0%) $627,211 (7.6%) 1.27 1,074
    2024-12-01 $527,400 (0.5%) $619,931 (4.7%) 1.31 788
    2025-01-01 $527,425 (0.5%) $623,099 (5.3%) 1.32 656
    2025-02-01 $539,500 (1.3%) $627,427 (1.5%) 1.31 626
    2025-03-01 $549,950 (4.8%) $649,606 (3.4%) 1.29 662
    2025-04-01 $569,675 (3.4%) $659,980 (1.1%) 1.32 809
    Worcester's median listing price for 2025-04-01 was $569,675, a difference of $18,750 (3.4%) versus the prior year and $19,725 versus the prior month.

    Worcester's median listing price comes in at 132% of the national average.

    Worcester's average listing price for 2025-04-01 was $659,980, a difference of $6,839 (1.1%) versus the prior year and $10,374 versus the prior month.

    For the 2025-04-01 period, Worcester had 809 MLS listings, a difference of 147 listings (22%) versus the prior month and 187 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Worcester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 1,832 sqft
    2018-02-01 71 days 1,849 sqft
    2018-03-01 45 days 1,891 sqft
    2018-04-01 37 days 1,933 sqft
    2018-05-01 31 days 1,933 sqft
    2018-06-01 34 days 1,960 sqft
    2018-07-01 42 days 1,986 sqft
    2018-08-01 47 days 1,982 sqft
    2018-09-01 46 days 1,976 sqft
    2018-10-01 50 days 1,941 sqft
    2018-11-01 58 days 1,925 sqft
    2018-12-01 67 days 1,900 sqft
    2019-01-01 78 days 1,877 sqft
    2019-02-01 74 days 1,910 sqft
    2019-03-01 57 days 1,967 sqft
    2019-04-01 37 days 2,059 sqft
    2019-05-01 37 days 2,100 sqft
    2019-06-01 37 days 2,098 sqft
    2019-07-01 47 days 2,065 sqft
    2019-08-01 51 days 2,040 sqft
    2019-09-01 52 days 2,007 sqft
    2019-10-01 52 days 1,994 sqft
    2019-11-01 57 days 1,982 sqft
    2019-12-01 73 days 1,949 sqft
    2020-01-01 78 days 1,920 sqft
    2020-02-01 58 days 1,968 sqft
    2020-03-01 33 days 2,027 sqft
    2020-04-01 43 days 2,020 sqft
    2020-05-01 52 days 2,018 sqft
    2020-06-01 38 days 2,038 sqft
    2020-07-01 38 days 2,066 sqft
    2020-08-01 36 days 2,041 sqft
    2020-09-01 26 days 1,986 sqft
    2020-10-01 26 days 1,969 sqft
    2020-11-01 44 days 1,919 sqft
    2020-12-01 57 days 1,884 sqft
    2021-01-01 54 days 1,936 sqft
    2021-02-01 43 days 1,847 sqft
    2021-03-01 15 days 1,808 sqft
    2021-04-01 14 days 1,803 sqft
    2021-05-01 14 days 1,846 sqft
    2021-06-01 16 days 1,859 sqft
    2021-07-01 22 days 1,830 sqft
    2021-08-01 24 days 1,822 sqft
    2021-09-01 25 days 1,831 sqft
    2021-10-01 26 days 1,795 sqft
    2021-11-01 32 days 1,827 sqft
    2021-12-01 38 days 1,768 sqft
    2022-01-01 44 days 1,780 sqft
    2022-02-01 25 days 1,813 sqft
    2022-03-01 13 days 1,820 sqft
    2022-04-01 10 days 1,878 sqft
    2022-05-01 13 days 1,933 sqft
    2022-06-01 16 days 1,903 sqft
    2022-07-01 22 days 1,905 sqft
    2022-08-01 30 days 1,913 sqft
    2022-09-01 31 days 1,877 sqft
    2022-10-01 32 days 1,890 sqft
    2022-11-01 37 days 1,879 sqft
    2022-12-01 52 days 1,850 sqft
    2023-01-01 50 days 1,868 sqft
    2023-02-01 41 days 1,900 sqft
    2023-03-01 29 days 1,898 sqft
    2023-04-01 19 days 1,942 sqft
    2023-05-01 17 days 1,981 sqft
    2023-06-01 18 days 1,967 sqft
    2023-07-01 24 days 1,945 sqft
    2023-08-01 19 days 1,881 sqft
    2023-09-01 25 days 1,895 sqft
    2023-10-01 25 days 1,880 sqft
    2023-11-01 30 days 1,877 sqft
    2023-12-01 42 days 1,874 sqft
    2024-01-01 45 days 1,872 sqft
    2024-02-01 29 days 1,820 sqft
    2024-03-01 22 days 1,820 sqft
    2024-04-01 20 days 1,932 sqft
    2024-05-01 18 days 1,933 sqft
    2024-06-01 23 days 1,960 sqft
    2024-07-01 31 days 2,025 sqft
    2024-08-01 30 days 1,935 sqft
    2024-09-01 30 days 1,969 sqft
    2024-10-01 31 days 1,985 sqft
    2024-11-01 39 days 1,917 sqft
    2024-12-01 48 days 1,874 sqft
    2025-01-01 50 days 1,863 sqft
    2025-02-01 39 days 1,888 sqft
    2025-03-01 25 days 1,921 sqft
    2025-04-01 21 days 1,957 sqft
    Worcester's median listing age (time on market) for 2025-04-01 was 21 days. This is 5% longer than the same period one year ago.

    Worcester's median square footage for active listings during the 2025-04-01 period was 1,957 sqft. One year prior, the average listing was 1,932 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.