Carson City VA Loans

CARSON CITY, NV

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 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.

Carson City's 63 lenders originated 334 VA loans during 2021. The total origination value was $115,350,000, with an average VA loan value of $345,359.

Carson City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Carson City averaged 5.49% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.42% and one month ago for the week of 2022-04-08, the average rate was 5.25%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.51%.

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

Carson City VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Carson City level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 42 2.78% $8,609
FREEDOM MORTGAGE CORPORATION 26 2.34% $5,495
Mortgage Research Center, LLC 22 2.79% $7,879
QUICKEN LOANS, LLC 22 2.44% $4,725
PENNYMAC LOAN SERVICES, LLC 21 2.32% $6,800
CLEARPATH LENDING 10 2.30% $3,577
MOVEMENT MORTGAGE, LLC 10 2.49% $3,496
EAGLE HOME MORTGAGE, LLC 9 2.72% $7,480
LOANDEPOT.COM, LLC 9 2.19% $5,146
UNITED WHOLESALE MORTGAGE, LLC 9 2.37% $4,777
USAA Federal Savings Bank 8 2.89% $3,611
NAVY FEDERAL CREDIT UNION 8 2.48% $6,120
CALIBER HOME LOANS, INC. 7 2.58% $8,625
Wells Fargo Bank 6 2.75% $2,535
LAKEVIEW LOAN SERVICING, LLC 6 2.29% $2,114
FINANCE OF AMERICA MORTGAGE LLC 5 3.08% $10,449
Barrington Bank & Trust Company, N.A. 5 2.79% $7,130
BROKER SOLUTIONS, INC. 5 2.35% $7,396
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.58% $5,611
NEW DAY FINANCIAL, LLC 4 2.69% $11,825
Hometown Lenders, Inc. 3 2.88% $10,956
Mr. Cooper ( Nationstar Mortgage ) 3 2.42% $3,426
SOVEREIGN LENDING GROUP INCORPORATED 3 2.46% $3,401
Magnolia Bank 3 2.33% $14,378
Sierra Pacific Mortgage Company, Inc. 3 3.46% $7,935
DIGNIFIED HOME LOANS, LLC 3 2.54% $3,412
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.75% $9,143
Zions Bancorporation, N.A. 2 2.38% $1,747
AMERISAVE MORTGAGE CORPORATION 2 2.44% $3,449
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.00% $12,486
Equity Prime Mortgage LLC 2 3.19% $2,587
GUARANTEED RATE, INC. 2 2.94% $3,271
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.06% $7,428
InterContinental Capital Group, Inc 2 2.25% $10,138
LENDUS, LLC 2 2.65% $8,582
Low VA Rates, LLC 2 2.25% $2,475
NEWREZ LLC 2 2.81% $1,035
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.94% $16,487
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.18% $9,527
SUN WEST MORTGAGE COMPANY, INC. 2 2.25% $2,351
VILLAGE CAPITAL & INVESTMENT LLC 2 2.56% $2,558
ALL WESTERN MORTGAGE, INC. 2 3.13% $8,689
GREATER NEVADA LLC 1 2.88% $19,818
ANGEL OAK HOME LOANS LLC 1 2.75% $8,350
Northpointe Bank 1 3.25% $8,980
OCMBC, INC. 1 2.75% $7,532
Paramount Residential Mortgage Group, Inc. 1 2.25% $4,064
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 3.50% $5,037
PLANET HOME LENDING, LLC 1 2.25% $1,080
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.75% $13,887
Wolfe Financial, Inc 1 2.50% $8,765
EVERETT FINANCIAL, INC. 1 4.00% $17,451
Carrington Mortgage Services, LLC 1 2.75% $4,035
BNC National Bank 1 2.38% $1,151
SUMMIT FUNDING, INC. 1 2.50% $7,403
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $7,506
The Federal Savings Bank 1 2.25% $3,423
MANN FINANCIAL INC. 1 2.50% $4,129
ISERVE RESIDENTIAL LENDING, LLC 1 3.13% $6,296
HOME POINT FINANCIAL CORPORATION 1 2.38% $15,811
GUARANTEED RATE AFFINITY, LLC 1 2.25% $3,714
NBH Bank 1 2.25% $587
NBKC BANK 1 2.25% $1,006

The top Carson City VA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 42 VA loans originated. Their average total fees are $8,609, which is $3,114 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Carson City VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($3,496), CLEARPATH LENDING ($3,577), QUICKEN LOANS, LLC ($4,725), FREEDOM MORTGAGE CORPORATION ($5,495) and PENNYMAC LOAN SERVICES, LLC ($6,800).

The lowest rate Carson City VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.30%), PENNYMAC LOAN SERVICES, LLC (2.32%), FREEDOM MORTGAGE CORPORATION (2.34%), QUICKEN LOANS, LLC (2.44%) and MOVEMENT MORTGAGE, LLC (2.49%).

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.