Massachusetts VA Loan Rates, Closing Costs & Stats

Massachusetts

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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.

    Massachusetts VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Massachusetts averaged 6.66% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Massachusetts's average VA mortgage closing costs are $7,238.

    The average rate for the prior week (2025-03-28) was 6.78% and one month ago for the week of 2025-02-28, the average rate was 6.65%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.23%.

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

    Massachusetts 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 Massachusetts level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 457 6.43% $10,042
    UNITED WHOLESALE MORTGAGE, LLC 256 6.01% $9,050
    QUICKEN LOANS, LLC 221 5.99% $11,989
    FREEDOM MORTGAGE CORPORATION 184 6.09% $9,969
    GUARANTEED RATE, INC. 134 6.06% $6,113
    NAVY FEDERAL CREDIT UNION 116 5.86% $6,700
    PENNYMAC LOAN SERVICES, LLC 110 5.72% $8,935
    LOANDEPOT.COM, LLC 100 6.14% $11,954
    NEWREZ LLC 89 5.97% $8,155
    CROSSCOUNTRY MORTGAGE, LLC 81 6.28% $9,747
    The Federal Savings Bank 72 6.23% $20,500
    USAA Federal Savings Bank 69 6.20% $10,099
    MOVEMENT MORTGAGE, LLC 68 6.25% $11,008
    CMG MORTGAGE, INC. 66 6.29% $11,072
    Leader Bank 55 6.06% $8,258
    GUILD MORTGAGE COMPANY 53 6.27% $9,460
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 49 6.58% $9,523
    TOTAL MORTGAGE SERVICES, LLC 47 6.31% $13,359
    VILLAGE CAPITAL MORTGAGE 41 5.62% $8,331
    LAKEVIEW LOAN SERVICING, LLC 39 5.78% $7,926
    MUTUAL OF OMAHA MORTGAGE, INC. 26 6.17% $17,741
    Mr. Cooper ( Nationstar Mortgage ) 24 6.14% $11,150
    BROKER SOLUTIONS, INC. 23 6.52% $12,697
    Magnolia Bank 22 5.75% $20,367
    RADIUS FINANCIAL GROUP INC. 20 6.35% $14,893
    GUARANTEED RATE AFFINITY, LLC 19 6.27% $6,805
    NBKC BANK 19 5.68% $7,317
    Barrington Bank & Trust Company, N.A. 17 6.10% $8,192
    BAYCOAST MORTGAGE COMPANY, LLC 15 5.91% $6,916
    First Federal Bank 13 5.75% $9,918
    SALEM FIVE MORTGAGE COMPANY, LLC 13 6.31% $13,956
    Presidential Bank, FSB 12 6.49% $15,151
    EMM LOANS LLC 12 6.31% $10,307
    AMERICAN FINANCIAL NETWORK, INC. 11 6.22% $12,355
    Keystone Funding, Inc. 11 6.27% $12,949
    HARBORONE MORTGAGE, LLC 10 6.10% $6,326
    HOMESTEAD FUNDING CORP. 9 6.19% $10,355
    NORTHPOINT MORTGAGE, INC. 9 6.33% $10,645
    EQUITY RESOURCES, INC. 8 6.47% $3,914
    Fall River Five Cents Savings Bank 8 6.05% $10,230
    MORTGAGE EQUITY PARTNERS LLC 8 6.09% $11,257
    FIRST MORTGAGE COMPANY, INC. 8 6.22% $9,020
    Flagstar Bank, FSB 8 6.12% $13,857
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 6.78% $11,539
    BAY EQUITY LLC 7 6.45% $11,628
    DREW MORTGAGE ASSOCIATES, INC. 7 6.54% $8,075
    GENEVA FINANCIAL, LLC 7 6.89% $15,037
    ALLIED MORTGAGE GROUP, INC. 7 6.34% $5,887
    PHH Mortgage Corporation 7 5.86% $13,706
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.41% $8,327
    Armed Forces Bank 7 5.86% $10,378
    PENTAGON FEDERAL CREDIT UNION 7 5.98% $8,679
    MSA MORTGAGE, LLC 6 6.00% $8,534
    Northpointe Bank 6 6.02% $11,557
    AMERISAVE MORTGAGE CORPORATION 6 6.04% $20,084
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.58% $4,962
    HOMESIDE FINANCIAL, LLC 6 6.23% $12,700
    Ixonia Bank 6 6.92% $7,486
    Texana Bank 5 6.08% $12,960
    Citizens Bank 5 6.23% $12,517
    Evolve Bank & Trust 5 6.13% $5,947
    U.S. Bank 5 6.18% $12,765
    Nations Lending Corporation 5 7.05% $7,198
    RELIANCE FIRST CAPITAL, LLC 4 6.50% $12,105
    Equity Prime Mortgage LLC 4 6.59% $9,587
    Semper Home Loans, Inc. 4 6.88% $15,890
    JMAC LENDING, INC. 4 6.06% $7,296
    Sierra Pacific Mortgage Company, Inc. 4 6.34% $8,474
    Paramount Residential Mortgage Group, Inc. 4 6.69% $9,501
    NORWICH COMMERCIAL GROUP, INC. 4 6.13% $12,232
    TJC Mortgage, Inc. 4 5.94% $14,134
    Waterstone Mortgage Corporation 4 6.78% $10,810
    HANSCOM 4 6.41% $8,290
    Prosperity Home Mortgage, LLC 4 5.78% $7,707
    PLAZA HOME MORTGAGE, INC. 4 6.38% $14,301
    FIRST COMMUNITY MORTGAGE, INC. 4 6.56% $14,506
    North American Savings Bank, F.S.B. 3 6.04% $10,202
    AMERICAN FINANCIAL RESOURCES, INC. 3 7.29% $6,120
    CARDINAL FINANCIAL 3 6.16% $14,550
    Easthampton Savings Bank 3 6.17% $7,160
    EMBRACE HOME LOANS, INC. 3 6.17% $11,831
    FIRST HOME MORTGAGE CORPORATION 3 6.46% $9,316
    JPMorgan Chase Bank 3 6.04% $2,162
    NEW FED MORTGAGE, CORP. 3 6.33% $11,379
    NFM, INC. 3 6.46% $15,659
    Rockland Trust Company 3 6.71% $14,106
    The Washington Trust Company, of Westerly 3 6.13% $6,952
    TOP FLITE FINANCIAL, INC. 3 6.92% $16,518
    Residential Mortgage Solutions, Inc. 2 5.69% $13,772
    Plains Commerce Bank 2 6.00% $20,577
    The Camden National Bank 2 5.94% $8,300
    CHURCHILL MORTGAGE CORPORATION 2 6.75% $8,267
    Ross Mortgage Company, Inc. 2 6.94% $7,403
    Bridgewater Savings Bank 2 6.00% $11,433
    ZILLOW HOME LOANS, LLC 2 6.75% $6,895
    MILEND, INC. 2 6.56% $16,593
    ENVOY MORTGAGE, LTD 2 6.19% $5,781
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.88% $7,492
    Ameris Bank 2 5.94% $24,029
    OCMBC, INC. 2 6.13% $12,534
    FIRST WORLD MORTGAGE CORPORATION 2 6.63% $18,280
    LOANPAL, LLC 2 5.44% $18,168
    LEADERONE FINANCIAL CORPORATION 2 6.75% $5,061
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.50% $10,689
    Adams Community Bank 2 6.75% $8,574
    NATIONS DIRECT MORTGAGE, LLC 2 5.94% $6,400
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $19,076
    SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $32,992
    T2 FINANCIAL LLC 1 6.63% $6,474
    TBI MORTGAGE COMPANY 1 6.00% $6,145
    TD Bank 1 7.00% $2,257
    CONTOUR MORTGAGE CORPORATION 1 6.25% $25,682
    Wells Fargo Bank 1 6.25% $15,934
    BETTER MORTGAGE CORPORATION 1 6.25% $12,676
    UMB Bank 1 6.25% $4,984
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $10,412
    US MORTGAGE CORPORATION 1 5.75% $21,717
    Uwharrie Bank 1 5.75% $8,242
    NATIONS RELIABLE LENDING, LLC 1 5.25% $2,236
    AMERICAN INTERNET MORTGAGE, INC. 1 5.25% $3,324
    NORTHEAST HOME LOAN, LLC 1 5.38% $24,207
    NATION ONE MORTGAGE CORPORATION 1 7.25% $1,495
    MORTGAGE ACCESS CORP. 1 6.50% $29,281
    Paramount Bank 1 6.50% $24,119
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.38% $14,709
    LADERA LENDING, INC. 1 6.13% $13,351
    PNC Bank 1 7.25% $22,933
    PREMIA MORTGAGE, LLC 1 5.53% $1,750
    INTELLILOAN, INC. 1 6.50% $14,468
    HOMESPIRE MORTGAGE CORPORATION 1 5.75% $3,475
    Princeton Mortgage Corporation 1 6.75% $7,244
    FM Home Loans, LLC 1 6.75% $22,098
    Financial Funding Solutions, Inc. 1 6.75% $4,092
    FBC MORTGAGE, LLC 1 6.25% $6,796
    Republic State Mortgage Co. 1 5.25% $20,202
    AMERICAN FINANCING CORPORATION 1 5.25% $4,337
    Farmers Bank & Trust 1 5.99% $4,124
    Eastern Bank 1 6.13% $4,574

    The top Massachusetts VA lender as defined by loan originations is Mortgage Research Center, LLC, with 457 VA loans originated. Their average total fees are $10,042, which is $992 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Massachusetts VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($6,113), HARBORONE MORTGAGE, LLC ($6,326), NAVY FEDERAL CREDIT UNION ($6,700), GUARANTEED RATE AFFINITY, LLC ($6,805) and BAYCOAST MORTGAGE COMPANY, LLC ($6,916).

    The lowest rate Massachusetts VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.62%), NBKC BANK (5.68%), PENNYMAC LOAN SERVICES, LLC (5.72%), Magnolia Bank (5.75%) and First Federal Bank (5.75%).

    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.