Racine VA Loan Rates, Closing Costs & Stats

RACINE, WI

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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.

    Racine's 62 lenders originated 265 VA loans during 2024. The total origination value was $83,385,000, with an average VA loan value of $314,660.

    Racine VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Racine averaged 7.08% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Racine's average VA mortgage closing costs are $5,389.

    The average rate for the prior week (2025-07-11) was 6.97% and one month ago for the week of 2025-06-13, the average rate was 7.15%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.4%.

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

    Racine 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 Racine level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 61 6.38% $5,747
    UNITED WHOLESALE MORTGAGE, LLC 24 6.04% $9,505
    FREEDOM MORTGAGE CORPORATION 19 6.12% $8,579
    Bank Five Nine 11 6.26% $7,080
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.28% $7,352
    QUICKEN LOANS, LLC 8 6.09% $9,687
    GUARANTEED RATE, INC. 7 6.21% $2,180
    NAVY FEDERAL CREDIT UNION 7 5.82% $4,673
    VILLAGE CAPITAL MORTGAGE 6 5.92% $3,228
    PENNYMAC LOAN SERVICES, LLC 6 5.71% $6,945
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.52% $7,087
    NEW DAY FINANCIAL, LLC 6 7.04% $7,566
    A + MORTGAGE SERVICES, INC. 5 6.02% $8,370
    LOANDEPOT.COM, LLC 5 5.94% $6,300
    PLANET HOME LENDING, LLC 5 5.17% $4,974
    Associated Bank 4 6.31% $2,963
    Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $8,235
    USAA Federal Savings Bank 3 6.00% $7,400
    Barrington Bank & Trust Company, N.A. 3 6.33% $4,513
    FIRST COLONY MORTGAGE CORPORATION 3 6.38% $12,335
    CROSSCOUNTRY MORTGAGE, LLC 3 6.67% $1,974
    GSF Mortgage Corporation 2 6.19% $2,296
    BROKER SOLUTIONS, INC. 2 7.25% $9,953
    NEWREZ LLC 2 5.75% $4,952
    LAKEVIEW LOAN SERVICING, LLC 2 5.75% $6,993
    EDUCATORS CREDIT UNION 2 6.25% $6,645
    Flagstar Bank, FSB 2 6.50% $3,379
    WISCONSIN MORTGAGE CORPORATION 2 6.19% $3,473
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.12% $6,533
    CMG MORTGAGE, INC. 2 6.50% $7,658
    SUN WEST MORTGAGE COMPANY, INC. 2 6.87% $5,174
    Paramount Residential Mortgage Group, Inc. 2 6.81% $9,504
    The Federal Savings Bank 2 6.44% $14,395
    Carrington Mortgage Services, LLC 2 6.25% $8,914
    Nations Lending Corporation 1 6.13% $3,111
    BOND STREET MORTGAGE, LLC 1 6.49% $1,464
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $11,381
    CLEARPATH LENDING 1 6.50% $14,931
    DHI MORTGAGE COMPANY, LTD. 1 4.99% $9,580
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.00% $4,854
    First Community Bank 1 7.25% $1,709
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $0
    First Federal Bank 1 6.00% $1,685
    GATEWAY MORTGAGE CORPORATION 1 7.00% $2,460
    GUARANTEED RATE AFFINITY, LLC 1 6.15% $9,882
    GUILD MORTGAGE COMPANY 1 6.13% $2,821
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $2,634
    Magnolia Bank 1 5.25% $15,535
    MORTGAGE CENTER L.C 1 6.50% $8,866
    MOVEMENT MORTGAGE, LLC 1 5.75% $1,350
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $6,920
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $6,402
    NATIONS RELIABLE LENDING, LLC 1 7.13% $6,455
    NBKC BANK 1 6.50% $8,834
    North Shore Bank FSB 1 6.63% $5,745
    Old National Bank 1 5.88% $6,762
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $7,031
    Texana Bank 1 6.13% $794
    The Huntington National Bank 1 5.75% $1,465
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 6.25% $2,191
    UNION HOME MORTGAGE CORP. 1 6.50% $3,324
    VERITAS FUNDING, LLC 1 6.25% $10,751

    The top Racine VA lender as defined by loan originations is Mortgage Research Center, LLC, with 61 VA loans originated. Their average total fees are $5,747, which is $3,758 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Racine VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,747), Bank Five Nine ($7,080), FREEDOM MORTGAGE CORPORATION ($8,579), UNITED WHOLESALE MORTGAGE, LLC ($9,505) and .

    The lowest rate Racine VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.04%), FREEDOM MORTGAGE CORPORATION (6.12%), Bank Five Nine (6.26%), Mortgage Research Center, LLC (6.38%) 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.