Chattanooga VA Loan Rates, Closing Costs & Stats
CHATTANOOGA, TN-GA
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.
Chattanooga's 118 lenders originated 778 VA loans during 2023. The total origination value was $258,530,000, with an average VA loan value of $332,301.
Chattanooga VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Chattanooga
averaged
6.74%
for the week of 2025-02-14, compared to the national average (all VA variants) of
6.428% for the same period.
Chattanooga's average VA mortgage closing costs are $6,052.
The average rate for the prior week (2025-02-07) was
6.47% and
one month ago for the week of 2025-01-10, the
average rate was 6.61%.
The average rate one year ago was 6.53%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.05%.
Chattanooga 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 Chattanooga level.
The top Chattanooga VA lender as defined by loan originations is Mortgage Research Center, LLC, with
122 VA loans originated. Their average total fees are
$6,422, which is $7,161
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Chattanooga VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($5,634), Mortgage Research Center, LLC ($6,422), DHI MORTGAGE COMPANY, LTD. ($6,699), MOVEMENT MORTGAGE, LLC ($8,009) and FirstBank ($8,215).
The lowest rate Chattanooga VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.54%), DHI MORTGAGE COMPANY, LTD. (5.60%), NAVY FEDERAL CREDIT UNION (5.81%), USAA Federal Savings Bank (5.98%) and MORTGAGE INVESTORS GROUP, INC. (6.12%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Chattanooga (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $235,000 (9.3%) | $308,355 (6.7%) | 0.87 | 1,812 |
2018-02-01 | $242,200 (9.5%) | $320,395 (9.0%) | 0.88 | 1,772 |
2018-03-01 | $249,900 (10.3%) | $333,965 (10.7%) | 0.88 | 1,756 |
2018-04-01 | $264,900 (15.2%) | $345,443 (11.6%) | 0.90 | 1,750 |
2018-05-01 | $277,484 (15.7%) | $355,101 (11.2%) | 0.93 | 1,832 |
2018-06-01 | $274,900 (13.8%) | $350,186 (2.8%) | 0.92 | 2,026 |
2018-07-01 | $270,550 (10.4%) | $347,143 (2.2%) | 0.90 | 2,168 |
2018-08-01 | $274,525 (14.4%) | $347,726 (9.8%) | 0.92 | 2,208 |
2018-09-01 | $269,900 (10.2%) | $342,719 (6.2%) | 0.91 | 2,262 |
2018-10-01 | $270,000 (10.9%) | $342,468 (6.2%) | 0.91 | 2,274 |
2018-11-01 | $274,975 (17.0%) | $344,558 (9.3%) | 0.93 | 2,306 |
2018-12-01 | $270,000 (12.6%) | $341,801 (8.5%) | 0.93 | 2,223 |
2019-01-01 | $269,900 (14.9%) | $338,817 (9.9%) | 0.93 | 2,081 |
2019-02-01 | $271,500 (12.1%) | $338,765 (5.7%) | 0.92 | 2,059 |
2019-03-01 | $283,914 (13.6%) | $347,758 (4.1%) | 0.93 | 1,998 |
2019-04-01 | $296,800 (12.0%) | $356,445 (3.2%) | 0.94 | 1,994 |
2019-05-01 | $295,000 (6.3%) | $361,893 (1.9%) | 0.92 | 2,078 |
2019-06-01 | $294,800 (7.2%) | $357,933 (2.2%) | 0.92 | 2,093 |
2019-07-01 | $295,000 (9.0%) | $354,211 (2.0%) | 0.92 | 2,177 |
2019-08-01 | $293,536 (6.9%) | $348,171 (0.1%) | 0.93 | 2,187 |
2019-09-01 | $291,491 (8.0%) | $349,277 (1.9%) | 0.93 | 2,163 |
2019-10-01 | $289,900 (7.4%) | $348,949 (1.9%) | 0.94 | 2,162 |
2019-11-01 | $290,000 (5.5%) | $349,525 (1.4%) | 0.95 | 2,092 |
2019-12-01 | $295,058 (9.3%) | $352,383 (3.1%) | 0.98 | 1,913 |
2020-01-01 | $290,500 (7.6%) | $349,946 (3.3%) | 0.98 | 1,722 |
2020-02-01 | $299,900 (10.5%) | $362,257 (6.9%) | 0.98 | 1,564 |
2020-03-01 | $309,676 (9.1%) | $370,068 (6.4%) | 0.97 | 1,579 |
2020-04-01 | $315,450 (6.3%) | $379,447 (6.5%) | 0.99 | 1,581 |
2020-05-01 | $329,700 (11.8%) | $402,815 (11.3%) | 1.00 | 1,512 |
2020-06-01 | $337,125 (14.4%) | $429,680 (20.0%) | 0.99 | 1,343 |
2020-07-01 | $339,900 (15.2%) | $438,783 (23.9%) | 0.99 | 1,219 |
2020-08-01 | $334,900 (14.1%) | $430,110 (23.5%) | 0.96 | 1,141 |
2020-09-01 | $329,450 (13.0%) | $434,270 (24.3%) | 0.94 | 1,115 |
2020-10-01 | $320,000 (10.4%) | $426,906 (22.3%) | 0.92 | 1,040 |
2020-11-01 | $316,975 (9.3%) | $426,424 (22.0%) | 0.93 | 1,012 |
2020-12-01 | $312,450 (5.9%) | $425,865 (20.9%) | 0.93 | 951 |
2021-01-01 | $319,450 (10.0%) | $436,317 (24.7%) | 0.95 | 767 |
2021-02-01 | $331,175 (10.4%) | $464,678 (28.3%) | 0.96 | 565 |
2021-03-01 | $347,225 (12.1%) | $464,436 (25.5%) | 0.99 | 539 |
2021-04-01 | $350,000 (11.0%) | $470,351 (24.0%) | 0.95 | 527 |
2021-05-01 | $349,450 (6.0%) | $495,280 (23.0%) | 0.93 | 548 |
2021-06-01 | $349,975 (3.8%) | $496,093 (15.5%) | 0.92 | 642 |
2021-07-01 | $335,000 (-1.4%) | $458,989 (4.6%) | 0.88 | 747 |
2021-08-01 | $324,900 (-3.0%) | $459,580 (6.9%) | 0.87 | 863 |
2021-09-01 | $341,800 (3.8%) | $460,097 (6.0%) | 0.91 | 851 |
2021-10-01 | $350,000 (9.4%) | $482,881 (13.1%) | 0.93 | 759 |
2021-11-01 | $360,000 (13.6%) | $492,456 (15.5%) | 0.96 | 657 |
2021-12-01 | $354,900 (13.6%) | $492,361 (15.6%) | 0.96 | 578 |
2022-01-01 | $345,000 (8.0%) | $491,856 (12.7%) | 0.93 | 522 |
2022-02-01 | $358,720 (8.3%) | $523,569 (12.7%) | 0.93 | 460 |
2022-03-01 | $350,000 (0.8%) | $544,488 (17.2%) | 0.88 | 472 |
2022-04-01 | $422,450 (20.7%) | $579,350 (23.2%) | 1.00 | 525 |
2022-05-01 | $437,450 (25.2%) | $576,196 (16.3%) | 1.00 | 709 |
2022-06-01 | $419,950 (20.0%) | $555,185 (11.9%) | 0.94 | 892 |
2022-07-01 | $399,000 (19.1%) | $538,348 (17.3%) | 0.90 | 1,103 |
2022-08-01 | $396,300 (22.0%) | $516,555 (12.4%) | 0.92 | 1,209 |
2022-09-01 | $399,450 (16.9%) | $521,052 (13.3%) | 0.93 | 1,238 |
2022-10-01 | $399,000 (14.0%) | $528,925 (9.5%) | 0.94 | 1,307 |
2022-11-01 | $395,000 (9.7%) | $519,595 (5.5%) | 0.95 | 1,376 |
2022-12-01 | $395,000 (11.3%) | $519,214 (5.5%) | 0.98 | 1,257 |
2023-01-01 | $398,150 (15.4%) | $505,827 (2.8%) | 0.99 | 1,135 |
2023-02-01 | $398,400 (11.1%) | $505,083 (-3.5%) | 0.96 | 1,065 |
2023-03-01 | $407,225 (16.4%) | $537,383 (-1.3%) | 0.96 | 1,017 |
2023-04-01 | $439,900 (4.1%) | $571,054 (-1.4%) | 1.02 | 1,019 |
2023-05-01 | $438,950 (0.3%) | $566,484 (-1.7%) | 1.00 | 1,096 |
2023-06-01 | $438,117 (4.3%) | $558,911 (0.7%) | 0.99 | 1,159 |
2023-07-01 | $435,000 (9.0%) | $558,832 (3.8%) | 0.99 | 1,249 |
2023-08-01 | $437,500 (10.4%) | $562,469 (8.9%) | 1.00 | 1,278 |
2023-09-01 | $430,000 (7.7%) | $553,379 (6.2%) | 1.00 | 1,336 |
2023-10-01 | $418,086 (4.8%) | $531,274 (0.4%) | 0.99 | 1,472 |
2023-11-01 | $415,000 (5.1%) | $530,514 (2.1%) | 0.99 | 1,532 |
2023-12-01 | $409,900 (3.8%) | $526,626 (1.4%) | 1.00 | 1,519 |
2024-01-01 | $399,923 (0.5%) | $527,182 (4.2%) | 0.98 | 1,429 |
2024-02-01 | $402,500 (1.0%) | $530,388 (5.0%) | 0.97 | 1,441 |
2024-03-01 | $425,000 (4.4%) | $548,162 (2.0%) | 1.00 | 1,441 |
2024-04-01 | $425,000 (-3.4%) | $559,090 (-2.1%) | 0.99 | 1,485 |
2024-05-01 | $424,500 (-3.3%) | $556,176 (-1.8%) | 0.97 | 1,529 |
2024-06-01 | $415,000 (-5.3%) | $524,357 (-6.2%) | 0.96 | 1,673 |
2024-07-01 | $409,950 (-5.8%) | $525,099 (-6.0%) | 0.94 | 1,868 |
2024-08-01 | $399,900 (-8.6%) | $518,584 (-7.8%) | 0.93 | 1,987 |
2024-09-01 | $401,701 (-6.6%) | $518,313 (-6.3%) | 0.95 | 2,091 |
2024-10-01 | $399,450 (-4.5%) | $510,973 (-3.8%) | 0.94 | 2,402 |
2024-11-01 | $398,676 (-3.9%) | $502,364 (-5.3%) | 0.96 | 2,168 |
2024-12-01 | $397,792 (-3.0%) | $502,052 (-4.7%) | 0.99 | 2,024 |
2025-01-01 | $399,900 (0.0%) | $499,789 (-5.2%) | 0.00 | 1,934 |
Chattanooga's median listing price comes in at 0% of the national average.
Chattanooga's average listing price for 2025-01-01 was $499,789, a difference of $-27,393 (-5.2%) versus the prior year and $-2,263 versus the prior month.
For the 2025-01-01 period, Chattanooga had 1,934 MLS listings, a difference of -90 listings (-4%) versus the prior month and 505 listings (35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Chattanooga (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 78 days | 2,080 sqft |
2018-02-01 | 73 days | 2,090 sqft |
2018-03-01 | 55 days | 2,140 sqft |
2018-04-01 | 53 days | 2,192 sqft |
2018-05-01 | 50 days | 2,227 sqft |
2018-06-01 | 47 days | 2,169 sqft |
2018-07-01 | 50 days | 2,174 sqft |
2018-08-01 | 59 days | 2,165 sqft |
2018-09-01 | 58 days | 2,161 sqft |
2018-10-01 | 64 days | 2,163 sqft |
2018-11-01 | 67 days | 2,169 sqft |
2018-12-01 | 73 days | 2,152 sqft |
2019-01-01 | 83 days | 2,154 sqft |
2019-02-01 | 72 days | 2,151 sqft |
2019-03-01 | 63 days | 2,187 sqft |
2019-04-01 | 51 days | 2,219 sqft |
2019-05-01 | 50 days | 2,228 sqft |
2019-06-01 | 53 days | 2,231 sqft |
2019-07-01 | 56 days | 2,236 sqft |
2019-08-01 | 57 days | 2,229 sqft |
2019-09-01 | 61 days | 2,236 sqft |
2019-10-01 | 63 days | 2,235 sqft |
2019-11-01 | 64 days | 2,217 sqft |
2019-12-01 | 73 days | 2,214 sqft |
2020-01-01 | 79 days | 2,200 sqft |
2020-02-01 | 71 days | 2,197 sqft |
2020-03-01 | 50 days | 2,244 sqft |
2020-04-01 | 52 days | 2,247 sqft |
2020-05-01 | 60 days | 2,298 sqft |
2020-06-01 | 57 days | 2,308 sqft |
2020-07-01 | 58 days | 2,256 sqft |
2020-08-01 | 52 days | 2,229 sqft |
2020-09-01 | 46 days | 2,174 sqft |
2020-10-01 | 49 days | 2,100 sqft |
2020-11-01 | 53 days | 2,072 sqft |
2020-12-01 | 56 days | 2,034 sqft |
2021-01-01 | 66 days | 2,063 sqft |
2021-02-01 | 44 days | 2,075 sqft |
2021-03-01 | 34 days | 2,098 sqft |
2021-04-01 | 33 days | 2,100 sqft |
2021-05-01 | 23 days | 2,100 sqft |
2021-06-01 | 25 days | 2,066 sqft |
2021-07-01 | 24 days | 2,030 sqft |
2021-08-01 | 28 days | 2,002 sqft |
2021-09-01 | 34 days | 2,027 sqft |
2021-10-01 | 39 days | 2,064 sqft |
2021-11-01 | 39 days | 2,123 sqft |
2021-12-01 | 43 days | 2,066 sqft |
2022-01-01 | 49 days | 1,980 sqft |
2022-02-01 | 36 days | 2,030 sqft |
2022-03-01 | 25 days | 2,011 sqft |
2022-04-01 | 20 days | 2,150 sqft |
2022-05-01 | 22 days | 2,209 sqft |
2022-06-01 | 26 days | 2,206 sqft |
2022-07-01 | 31 days | 2,125 sqft |
2022-08-01 | 38 days | 2,102 sqft |
2022-09-01 | 44 days | 2,107 sqft |
2022-10-01 | 47 days | 2,117 sqft |
2022-11-01 | 52 days | 2,092 sqft |
2022-12-01 | 63 days | 2,085 sqft |
2023-01-01 | 73 days | 2,085 sqft |
2023-02-01 | 60 days | 2,089 sqft |
2023-03-01 | 47 days | 2,083 sqft |
2023-04-01 | 44 days | 2,121 sqft |
2023-05-01 | 43 days | 2,130 sqft |
2023-06-01 | 42 days | 2,139 sqft |
2023-07-01 | 40 days | 2,088 sqft |
2023-08-01 | 44 days | 2,065 sqft |
2023-09-01 | 46 days | 2,073 sqft |
2023-10-01 | 49 days | 2,050 sqft |
2023-11-01 | 52 days | 2,021 sqft |
2023-12-01 | 57 days | 1,980 sqft |
2024-01-01 | 66 days | 1,928 sqft |
2024-02-01 | 53 days | 1,939 sqft |
2024-03-01 | 44 days | 1,999 sqft |
2024-04-01 | 50 days | 2,000 sqft |
2024-05-01 | 45 days | 2,000 sqft |
2024-06-01 | 47 days | 2,000 sqft |
2024-07-01 | 48 days | 1,966 sqft |
2024-08-01 | 50 days | 1,932 sqft |
2024-09-01 | 53 days | 1,939 sqft |
2024-10-01 | 59 days | 1,917 sqft |
2024-11-01 | 66 days | 1,910 sqft |
2024-12-01 | 69 days | 1,908 sqft |
2025-01-01 | 0 days | 1,892 sqft |
Chattanooga's median square footage for active listings during the 2025-01-01 period was 1,892 sqft. One year prior, the average listing was 1,928 sqft.