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.