Clarksville VA Loans

CLARKSVILLE, TN-KY

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.

Clarksville's 214 lenders originated 8,080 VA loans during 2021. The total origination value was $2,017,630,000, with an average VA loan value of $249,707.

Clarksville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Clarksville averaged 5.39% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.2% and one month ago for the week of 2022-04-15, the average rate was 4.96%.

The average rate one year ago was 2.85%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.24%.

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

Clarksville 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 Clarksville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 1,873 2.69% $6,332
PENNYMAC LOAN SERVICES, LLC 404 2.52% $5,070
FREEDOM MORTGAGE CORPORATION 390 2.54% $3,212
QUICKEN LOANS, LLC 364 2.50% $4,502
F&M Bank 313 2.53% $6,530
Carrington Mortgage Services, LLC 181 3.40% $5,002
NAVY FEDERAL CREDIT UNION 173 2.48% $6,210
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 152 3.09% $5,900
USAA Federal Savings Bank 133 2.84% $5,369
VILLAGE CAPITAL & INVESTMENT LLC 127 2.35% $3,661
CALIBER HOME LOANS, INC. 118 2.61% $3,394
VAN DYK MORTGAGE CORPORATION 115 3.10% $7,588
GUARANTEED RATE, INC. 113 2.92% $6,320
LOANDEPOT.COM, LLC 102 2.65% $5,638
FIRST COMMUNITY MORTGAGE, INC. 102 2.74% $7,848
SOUTHWEST FUNDING, LP 101 3.48% $11,570
Flagstar Bank, FSB 97 2.87% $8,673
NEW DAY FINANCIAL, LLC 97 2.95% $6,275
UNION HOME MORTGAGE CORP. 94 2.71% $7,557
LAKEVIEW LOAN SERVICING, LLC 92 2.55% $2,030
Northpointe Bank 85 3.01% $7,885
UNITED WHOLESALE MORTGAGE, LLC 80 2.53% $5,291
HOME POINT FINANCIAL CORPORATION 72 2.69% $7,677
SWBC MORTGAGE CORPORATION 70 3.21% $5,258
AMERICAN MORTGAGE SERVICE COMPANY 68 2.72% $7,243
PENTAGON FEDERAL CREDIT UNION 67 2.35% $5,895
Mr. Cooper ( Nationstar Mortgage ) 67 3.08% $3,319
CLEARPATH LENDING 60 2.38% $3,828
The Federal Savings Bank 58 2.65% $6,771
AMERICAN FINANCIAL NETWORK, INC. 57 3.32% $9,134
Wells Fargo Bank 56 2.53% $4,639
STOCKTON MORTGAGE CORPORATION 55 2.94% $7,570
First Federal Bank 43 2.54% $5,295
U.S. Bank 41 2.66% $5,535
CROSSCOUNTRY MORTGAGE, LLC 35 3.02% $5,869
Fortera Federal Credit Union 34 2.78% $2,988
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 30 3.09% $6,489
NFM, INC. 29 3.23% $8,554
MUTUAL OF OMAHA MORTGAGE, INC. 29 2.72% $6,167
CMG MORTGAGE, INC. 29 2.97% $9,811
INTERCOASTAL MORTGAGE COMPANY 28 2.81% $7,460
Barrington Bank & Trust Company, N.A. 27 2.75% $5,772
ACOPIA, LLC 27 3.27% $5,357
SECURITYNATIONAL MORTGAGE COMPANY 26 3.23% $7,660
Reliant Bank 26 2.53% $5,962
ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 2.96% $6,592
MOVEMENT MORTGAGE, LLC 26 3.02% $6,501
Citizens Bank 25 2.74% $6,167
COMMUNITY MORTGAGE CORPORATION 24 2.91% $7,614
AMERISAVE MORTGAGE CORPORATION 24 2.82% $5,922
Low VA Rates, LLC 24 2.40% $3,549
VANDERBILT MORTGAGE AND FINANCE, INC. 23 3.08% $5,207
ALTRA 22 2.56% $2,716
NEWREZ LLC 21 2.76% $3,257
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 21 2.95% $7,273
First Guaranty Mortgage Corporation 21 2.48% $3,937
BROKER SOLUTIONS, INC. 20 2.81% $5,775
SUN WEST MORTGAGE COMPANY, INC. 19 2.43% $3,350
MORTGAGE SOLUTIONS OF COLORADO, LLC 18 3.62% $6,813
PLANET HOME LENDING, LLC 18 2.71% $2,768
AMERICAN PACIFIC MORTGAGE CORPORATION 17 3.01% $6,209
Legends Bank 17 2.65% $4,685
NP, Inc. 17 2.38% $3,711
NBKC BANK 15 2.45% $5,889
Bank of England 15 3.10% $7,501
CONTOUR MORTGAGE CORPORATION 14 2.56% $3,742
FirstBank 14 2.80% $6,963
A Mortgage Boutique, LLC 14 2.64% $6,817
Mid-Continent Funding, Inc. 13 2.80% $5,778
InterContinental Capital Group, Inc 13 2.39% $2,811
North American Savings Bank, F.S.B. 12 2.42% $4,840
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.80% $4,354
Paramount Bank 12 2.57% $6,545
Nations Lending Corporation 11 2.92% $5,154
AMERICAN FINANCING CORPORATION 11 2.33% $3,516
PRIMARY RESIDENTIAL MORTGAGE, INC. 11 3.14% $5,677
DAS Acquisition Company, LLC 10 2.83% $8,070
Hometown Lenders, Inc. 10 3.68% $8,162
SOVEREIGN LENDING GROUP INCORPORATED 9 2.82% $7,411
Magnolia Bank 9 2.60% $5,919
TJC Mortgage, Inc. 9 2.42% $4,937
First Federal Bank 9 2.74% $5,586
Paramount Residential Mortgage Group, Inc. 8 2.72% $9,695
KELLER MORTGAGE, LLC 8 2.88% $10,161
Ameris Bank 8 2.83% $5,721
GUARANTY HOME MORTGAGE CORPORATION 8 2.69% $5,536
HOMESIDE FINANCIAL, LLC 7 2.84% $4,236
ACCELERATE MORTGAGE, LLC 7 2.21% $4,599
CELEBRITY HOME LOANS, LLC 7 2.98% $11,042
AMCAP MORTGAGE, LTD. 7 2.84% $10,911
INTERLINC MORTGAGE SERVICES, LLC 6 3.29% $8,086
Colten Mortgage, LLC 6 3.54% $6,099
CHURCHILL MORTGAGE CORPORATION 6 2.63% $8,530
Equity Prime Mortgage LLC 6 3.23% $3,844
KS StateBank 6 2.50% $3,426
MORTGAGE INVESTORS GROUP, INC. 6 2.71% $6,677
Commerce Home Mortgage, Inc. 6 2.65% $3,599
BNC National Bank 5 2.30% $6,975
The Home Loan Expert LLC 5 2.40% $6,447
Truist Bank 5 2.70% $4,083
LOANPAL, LLC 5 2.45% $5,273
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.00% $5,938
Prime Choice Funding Inc. 5 2.65% $2,112
Manufacturers and Traders Trust Company 5 2.73% $4,929
SUCCESS MORTGAGE PARTNERS, INC. 4 2.78% $6,090
BAYSHORE MORTGAGE FUNDING, LLC 4 2.50% $2,462
Austin Capital Bank SSB 4 2.59% $7,220
MID AMERICA MORTGAGE, INC. 4 2.81% $2,021
Wyndham Capital Mortgage, Inc. 4 2.38% $2,798
The First National Bank of Middle Tennessee 4 2.72% $5,511
TOTAL MORTGAGE SERVICES, LLC 4 3.00% $7,049
OPEN MORTGAGE, LLC 3 2.79% $6,449
RELIANCE FIRST CAPITAL, LLC 3 2.88% $5,000
Renasant Bank 3 2.96% $3,162
Sierra Pacific Mortgage Company, Inc. 3 3.33% $6,075
ZILLOW HOME LOANS, LLC 3 2.96% $3,127
AMERICAN FINANCIAL RESOURCES, INC. 3 3.25% $6,143
PHH Mortgage Corporation 3 2.75% $2,609
THE MORTGAGE FIRM, INC. 3 3.13% $3,730
Community First National Bank 3 2.88% $4,569
Legacy Home Loans, LLC 3 3.21% $8,104
LENDUS, LLC 3 2.25% $2,891
CapStar Bank 3 2.88% $6,020
AmeriHome Mortgage Company, LLC 3 2.79% $3,299
NETWORK CAPITAL FUNDING CORPORATION 2 2.25% $1,530
Armed Forces Bank 2 2.25% $3,493
Atlantic Union Bank 2 3.81% $8,769
BELEM SERVICING LLC 2 2.75% $6,050
Credence Funding Corporation 2 2.25% $2,759
EMBRACE HOME LOANS, INC. 2 2.75% $7,610
EVANSVILLE TEACHERS 2 2.56% $3,547
EVERETT FINANCIAL, INC. 2 3.88% $9,062
FINANCE OF AMERICA MORTGAGE LLC 2 2.94% $7,339
First National Bank Texas 2 2.69% $7,321
Gateway First Bank 2 2.75% $3,577
GUILD MORTGAGE COMPANY 2 2.88% $3,609
ISERVE RESIDENTIAL LENDING, LLC 2 3.25% $7,336
Lakeview Community Capital, LLC 2 2.81% $1,010
LIBERTY HOME MORTGAGE CORPORATION 2 2.75% $20,997
PANORAMA MORTGAGE GROUP, LLC 2 2.75% $7,273
Pinnacle Bank 2 2.50% $8,214
PLAZA HOME MORTGAGE, INC. 2 3.88% $5,519
Presidential Bank, FSB 2 2.31% $6,935
Prosperity Home Mortgage, LLC 2 2.81% $5,034
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 2.50% $4,632
ROYAL UNITED MORTGAGE LLC 2 2.56% $13,356
SeaTrust Mortgage Company 2 2.75% $3,245
SHELTER LENDING SERVICES, L.L.C. 2 2.69% $2,294
SOUTHWEST STAGE FUNDING, LLC 2 3.06% $4,922
SUMMIT FUNDING, INC. 2 3.06% $5,680
UNITED MORTGAGE CORP. 2 2.63% $4,063
POLARIS HOME FUNDING CORP. 1 3.25% $7,609
Victorian Finance, LLC 1 3.75% $500
Horizon Bank 1 3.00% $8,382
HOMESTEAD FUNDING CORP. 1 2.50% $8,247
HOMESPIRE MORTGAGE CORPORATION 1 3.25% $4,139
Bank of America 1 2.88% $3,401
HALLMARK HOME MORTGAGE, LLC 1 2.99% $10,702
RAPID MORTGAGE COMPANY 1 3.50% $9,668
Regions Bank 1 2.75% $8,524
GSF Mortgage Corporation 1 2.25% $8,469
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.25% $2,534
GoPrime Mortgage, Inc. 1 2.85% $13,158
RESIDENTIAL BANCORP. 1 2.63% $2,460
Watermark Capital, Inc. 1 2.25% $10,030
ROSS MORTGAGE CORPORATION 1 2.75% $8,171
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.63% $11,739
ASPIRE FINANCIAL, INC. 1 2.75% $8,085
RUOFF MORTGAGE COMPANY, INC. 1 3.25% $13,095
WESTERN EXPRESS LENDING 1 3.25% $9,047
GERSHMAN INVESTMENT CORP. 1 2.38% $9,746
Service Federal Credit Union 1 3.25% $3,051
Shamrock Home Loans, Inc. 1 2.75% $4,283
West Town Bank & Trust 1 2.88% $8,455
George Mason Mortgage, LLC 1 2.63% $28,565
GENEVA FINANCIAL, LLC 1 2.88% $4,020
Wilson Bank And Trust 1 2.25% $5,330
Florida Capital Bank 1 2.63% $7,474
SRE MORTGAGE ALLIANCE INC. 1 2.25% $2,821
FLAT BRANCH MORTGAGE, INC. 1 3.63% $3,154
Strong Home Mortgage, LLC 1 2.38% $2,175
First Western Trust Bank 1 2.75% $10,112
AmRes Corporation 1 2.75% $4,802
Sunflower Bank 1 2.99% $1,127
First Midwest Bank 1 2.25% $2,454
First Horizon Bank 1 2.50% $7,577
T2 FINANCIAL LLC 1 3.25% $13,950
The Central Trust Bank 1 2.75% $14,632
FBC MORTGAGE, LLC 1 2.25% $12,324
Evolve Bank & Trust 1 2.63% $4,100
EQUITY RESOURCES, INC. 1 2.99% $5,355
ENVOY MORTGAGE, LTD 1 3.13% $8,104
ENDEAVOR CAPITAL, LLC. 1 3.63% $1,859
TOP FLITE FINANCIAL, INC. 1 3.38% $10,186
DELMAR FINANCIAL COMPANY 1 2.38% $8,554
CityWorth Mortgage LLC 1 3.25% $9,662
Trustmark National Bank 1 2.50% $7,285
CHERRY CREEK MORTGAGE, LLC 1 2.38% $317
Amerifirst Financial, Inc. 1 2.88% $8,113
CERTAINTY HOME LOANS, LLC 1 2.25% $3,011
CAPSTONE DIRECT, INC. 1 2.38% $16,836
CALCON MUTUAL MORTGAGE LLC 1 2.75% $6,372
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.50% $2,410
MILEND, INC. 1 4.63% $6,792
US COMMUNITY 1 2.88% $2,766
Meridian Bank Corporation 1 2.13% $8,383
MEGASTAR FINANCIAL CORP. 1 3.25% $3,535
MCLEAN MORTGAGE CORPORATION 1 2.25% $1,566
LEADERONE FINANCIAL CORPORATION 1 2.25% $5,047
LADERA LENDING, INC. 1 2.50% $4,518
Bell Bank 1 2.88% $8,590
Plains Commerce Bank 1 2.88% $1,904
Ixonia Bank 1 3.25% $2,971
Bank of Tennessee 1 3.13% $3,862

The top Clarksville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,873 VA loans originated. Their average total fees are $6,332, which is $1,262 higher than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

The lowest fee Clarksville VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,030), ALTRA ($2,716), PLANET HOME LENDING, LLC ($2,768), InterContinental Capital Group, Inc ($2,811) and Fortera Federal Credit Union ($2,988).

The lowest rate Clarksville VA lenders (with over 10 loans originated) are AMERICAN FINANCING CORPORATION (2.33%), VILLAGE CAPITAL & INVESTMENT LLC (2.35%), PENTAGON FEDERAL CREDIT UNION (2.35%), CLEARPATH LENDING (2.38%) and NP, Inc. (2.38%).

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.