Kalamazoo VA Loan Rates, Closing Costs & Stats

KALAMAZOO-PORTAGE, MI

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.

Kalamazoo's 56 lenders originated 259 VA loans during 2024. The total origination value was $75,785,000, with an average VA loan value of $292,606.

Kalamazoo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kalamazoo averaged 7.07% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

Kalamazoo's average VA mortgage closing costs are $5,455.

The average rate for the prior week (2025-07-11) was 6.66% and one month ago for the week of 2025-06-13, the average rate was 7.03%.

The average rate one year ago was 6.73%.

For refis of the same type during the week of 2025-07-18, the average rate was 6.47%.

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

Kalamazoo 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 Kalamazoo level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 53 6.34% $6,110
UNITED WHOLESALE MORTGAGE, LLC 32 5.90% $6,369
QUICKEN LOANS, LLC 32 6.12% $9,147
FREEDOM MORTGAGE CORPORATION 18 6.31% $7,033
SUCCESS MORTGAGE PARTNERS, INC. 9 6.69% $10,595
PENNYMAC LOAN SERVICES, LLC 9 5.82% $8,213
GUARANTEED RATE, INC. 7 6.21% $5,601
UNION HOME MORTGAGE CORP. 7 6.57% $8,808
NAVY FEDERAL CREDIT UNION 6 5.85% $4,388
GVC MORTGAGE, INC. 5 6.23% $9,824
Fifth Third Bank 4 6.19% $5,617
NEW DAY FINANCIAL, LLC 4 7.46% $9,360
LAKE MICHIGAN CREDIT UNION 4 6.44% $3,970
USAA Federal Savings Bank 4 6.09% $5,149
NEWREZ LLC 3 7.08% $7,211
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.62% $2,635
VILLAGE CAPITAL MORTGAGE 3 6.00% $4,789
SUN WEST MORTGAGE COMPANY, INC. 2 5.60% $893
BROKER SOLUTIONS, INC. 2 6.25% $8,025
CLEARPATH LENDING 2 5.56% $11,513
CONTOUR MORTGAGE CORPORATION 2 6.38% $9,357
LOANDEPOT.COM, LLC 2 6.37% $5,271
HOMESIDE FINANCIAL, LLC 2 6.94% $2,856
ROSS MORTGAGE CORPORATION 2 6.38% $4,358
CROSSCOUNTRY MORTGAGE, LLC 2 5.94% $2,650
RUOFF MORTGAGE COMPANY, INC. 2 6.50% $9,113
SUMMIT HOME MORTGAGE, LLC 2 6.00% $15,134
TRISTAR FINANCE, INC. 1 6.75% $11,733
1st Source Bank 1 6.13% $4,824
Wells Fargo Bank 1 7.00% $3,214
AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $4,415
AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $30,087
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.99% $8,316
AMERISAVE MORTGAGE CORPORATION 1 5.75% $9,608
Barrington Bank & Trust Company, N.A. 1 7.25% $7,716
BAY EQUITY LLC 1 5.75% $3,182
Capital Bank 1 6.13% $5,936
Carrington Mortgage Services, LLC 1 5.88% $10,330
Credence Funding Corporation 1 5.88% $3,944
DAS Acquisition Company, LLC 1 6.25% $8,365
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $3,511
FIRST COLONY MORTGAGE CORPORATION 1 6.25% $4,289
FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $6,423
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $7,595
JPMorgan Chase Bank 1 7.13% $6,091
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $7,890
Magnolia Bank 1 5.25% $10,685
MICHIGAN MUTUAL, INC. 1 6.25% $4,730
MORTGAGE 1 INCORPORATED 1 7.13% $13,790
MORTGAGE CENTER L.C 1 7.25% $4,950
Plains Commerce Bank 1 6.88% $3,978
PLANET HOME LENDING, LLC 1 5.99% $1,982
PLAZA HOME MORTGAGE, INC. 1 6.13% $10,946
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $3,172
The Federal Savings Bank 1 6.50% $17,427
TOP FLITE FINANCIAL, INC. 1 6.25% $14,290

The top Kalamazoo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 53 VA loans originated. Their average total fees are $6,110, which is $259 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Kalamazoo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,110), UNITED WHOLESALE MORTGAGE, LLC ($6,369), FREEDOM MORTGAGE CORPORATION ($7,033), QUICKEN LOANS, LLC ($9,147) and .

The lowest rate Kalamazoo VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.90%), QUICKEN LOANS, LLC (6.12%), FREEDOM MORTGAGE CORPORATION (6.31%), Mortgage Research Center, LLC (6.34%) and .

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.