Gillette VA Loan Rates, Closing Costs & Stats

Gillette, WY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Gillette's 32 lenders originated 130 VA loans during 2024. The total origination value was $39,450,000, with an average VA loan value of $303,462.

    Gillette VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Gillette averaged 6.81% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Gillette's average VA mortgage closing costs are $5,835.

    The average rate for the prior week (2025-07-11) was 6.89% and one month ago for the week of 2025-06-13, the average rate was 6.57%.

    The average rate one year ago was 6.67%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.52%.

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

    Gillette 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 Gillette level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    BAY EQUITY LLC 23 6.19% $5,792
    Mortgage Research Center, LLC 16 6.19% $6,595
    FREEDOM MORTGAGE CORPORATION 15 6.24% $9,258
    UNITED WHOLESALE MORTGAGE, LLC 14 6.03% $8,443
    QUICKEN LOANS, LLC 12 6.20% $7,421
    NAVY FEDERAL CREDIT UNION 4 5.94% $6,728
    Carrington Mortgage Services, LLC 3 5.71% $14,655
    NEW DAY FINANCIAL, LLC 3 7.57% $15,281
    Pinnacle Bank - Wyoming 3 5.88% $5,108
    USAA Federal Savings Bank 3 6.29% $10,833
    PHH Mortgage Corporation 2 5.56% $5,595
    AXIA FINANCIAL, LLC 2 6.44% $7,614
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $5,562
    NEWREZ LLC 2 5.50% $6,802
    VILLAGE CAPITAL MORTGAGE 2 5.63% $3,976
    GUILD MORTGAGE COMPANY 2 6.19% $10,124
    LOANDEPOT.COM, LLC 1 6.63% $15,519
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $28,555
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,421
    BLACK HILLS FEDERAL CREDIT UNION 1 5.75% $2,393
    BROKER SOLUTIONS, INC. 1 6.63% $13,684
    Century Mortgage Company DBA Century Lending Company 1 5.63% $6,295
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $1,464
    F & M Bank 1 6.63% $6,146
    GoPrime Mortgage, Inc. 1 7.25% $13,309
    JPMorgan Chase Bank 1 6.13% $7,052
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $0
    Magnolia Bank 1 5.75% $10,578
    PENNYMAC LOAN SERVICES, LLC 1 5.75% $7,447
    Plains Commerce Bank 1 6.50% $4,471
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $860
    The Federal Savings Bank 1 6.63% $18,432

    The top Gillette VA lender as defined by loan originations is BAY EQUITY LLC, with 23 VA loans originated. Their average total fees are $5,792, which is $803 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Gillette VA lenders (with over 10 loans originated) are BAY EQUITY LLC ($5,792), Mortgage Research Center, LLC ($6,595), QUICKEN LOANS, LLC ($7,421), UNITED WHOLESALE MORTGAGE, LLC ($8,443) and FREEDOM MORTGAGE CORPORATION ($9,258).

    The lowest rate Gillette VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.03%), Mortgage Research Center, LLC (6.19%), BAY EQUITY LLC (6.19%), QUICKEN LOANS, LLC (6.20%) and FREEDOM MORTGAGE CORPORATION (6.24%).

    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.