Vermont VA Loan Rates, Closing Costs & Stats

Vermont

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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.

    Vermont VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Vermont averaged 0.11% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Vermont's average VA mortgage closing costs are $5,998.

    The average rate for the prior week (2024-11-08) was 6.32% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.18%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.18%.

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

    Vermont 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 Vermont level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 105 6.90% $6,997
    QUICKEN LOANS, LLC 44 6.24% $11,013
    USAA Federal Savings Bank 22 6.36% $9,429
    PENNYMAC LOAN SERVICES, LLC 15 6.13% $8,939
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 6.57% $11,235
    NAVY FEDERAL CREDIT UNION 13 5.68% $5,841
    UNITED WHOLESALE MORTGAGE, LLC 12 6.54% $5,856
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.22% $9,169
    NEW ENGLAND FEDERAL CREDIT UNION 8 6.50% $9,733
    FREEDOM MORTGAGE CORPORATION 7 6.41% $19,387
    NORTHEAST HOME LOAN, LLC 7 6.30% $8,552
    ACADEMY MORTGAGE CORPORATION 7 7.29% $10,159
    Mr. Cooper ( Nationstar Mortgage ) 6 5.88% $15,159
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.00% $9,584
    CMG MORTGAGE, INC. 6 6.69% $10,622
    EMM LOANS LLC 6 6.42% $10,776
    American Mortgage & Equity Consultants, Inc. 6 7.31% $12,461
    LOANDEPOT.COM, LLC 5 5.40% $16,524
    Paramount Residential Mortgage Group, Inc. 4 5.53% $8,890
    RELIANCE FIRST CAPITAL, LLC 4 6.25% $10,354
    The Federal Savings Bank 4 6.16% $15,388
    DRAPER AND KRAMER MORTGAGE CORP. 4 6.31% $12,647
    MOVEMENT MORTGAGE, LLC 4 6.50% $8,737
    BROKER SOLUTIONS, INC. 3 6.70% $10,088
    Barrington Bank & Trust Company, N.A. 3 6.17% $9,117
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.54% $11,584
    GUARANTEED RATE, INC. 3 6.92% $1,883
    PENTAGON FEDERAL CREDIT UNION 3 5.96% $8,865
    Service Federal Credit Union 2 6.63% $3,594
    The Central Trust Bank 2 5.38% $8,978
    CARDINAL FINANCIAL 2 7.50% $5,975
    CROSSCOUNTRY MORTGAGE, LLC 2 6.13% $13,215
    Flagstar Bank, FSB 2 6.56% $6,191
    NBKC BANK 2 6.06% $14,944
    M&T Bank 2 6.44% $11,034
    Wells Fargo Bank 2 6.75% $2,348
    LAKEVIEW LOAN SERVICING, LLC 2 6.37% $16,330
    CHURCHILL MORTGAGE CORPORATION 1 6.00% $4,498
    Carrington Mortgage Services, LLC 1 5.75% $16,624
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $4,641
    Union Bank 1 6.25% $4,597
    AMERICAN FINANCING CORPORATION 1 6.25% $6,608
    Adams Community Bank 1 6.13% $4,624
    Magnolia Bank 1 6.63% $7,823
    GUILD MORTGAGE COMPANY 1 7.00% $10,452
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $32,578
    First Western Trust Bank 1 6.63% $11,717
    Cornerstone First Mortgage, Inc 1 5.75% $5,213
    Community First National Bank 1 6.75% $11,188
    ZILLOW HOME LOANS, LLC 1 7.13% $6,530
    PLAZA HOME MORTGAGE, INC. 1 7.25% $7,889
    Citizens Bank 1 6.25% $18,825

    The top Vermont VA lender as defined by loan originations is Mortgage Research Center, LLC, with 105 VA loans originated. Their average total fees are $6,997, which is $4,016 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Vermont VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,841), UNITED WHOLESALE MORTGAGE, LLC ($5,856), Mortgage Research Center, LLC ($6,997), PENNYMAC LOAN SERVICES, LLC ($8,939) and HOMEBRIDGE FINANCIAL SERVICES, INC. ($9,169).

    The lowest rate Vermont VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.68%), PENNYMAC LOAN SERVICES, LLC (6.13%), HOMEBRIDGE FINANCIAL SERVICES, INC. (6.22%), QUICKEN LOANS, LLC (6.24%) and USAA Federal Savings Bank (6.36%).

    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.