Cleveland VA Loan Rates, Closing Costs & Stats
CLEVELAND, TN
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.
Cleveland's 67 lenders originated 301 VA loans during 2024. The total origination value was $99,015,000, with an average VA loan value of $328,953.
Cleveland VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Cleveland
averaged
6.29%
for the week of 2025-04-04, compared to the national average (all VA variants) of
6.06% for the same period.
Cleveland's average VA mortgage closing costs are $5,989.
The average rate for the prior week (2025-03-28) was
6.51% and
one month ago for the week of 2025-02-28, the
average rate was 6.49%.
The average rate one year ago was 6.7%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.22%.
Cleveland 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 Cleveland level.
The top Cleveland VA lender as defined by loan originations is Mortgage Research Center, LLC, with
48 VA loans originated. Their average total fees are
$3,944, which is $4,931
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Cleveland VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($3,944), DHI MORTGAGE COMPANY, LTD. ($7,718), CMG MORTGAGE, INC. ($8,775), UNITED WHOLESALE MORTGAGE, LLC ($8,875) and QUICKEN LOANS, LLC ($9,645).
The lowest rate Cleveland VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.47%), UNITED WHOLESALE MORTGAGE, LLC (5.94%), QUICKEN LOANS, LLC (6.01%), FREEDOM MORTGAGE CORPORATION (6.25%) and CMG MORTGAGE, INC. (6.33%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cleveland (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 | $239,088 (21.7%) | $282,977 (18.7%) | 0.00 | 435 |
2018-02-01 | $239,563 (19.8%) | $284,253 (17.3%) | 0.00 | 431 |
2018-03-01 | $238,900 (19.5%) | $282,802 (14.9%) | 0.00 | 437 |
2018-04-01 | $234,675 (17.4%) | $284,589 (14.8%) | 0.00 | 423 |
2018-05-01 | $232,375 (8.3%) | $288,992 (13.2%) | 0.00 | 409 |
2018-06-01 | $224,900 (2.7%) | $283,222 (7.2%) | 0.00 | 452 |
2018-07-01 | $225,250 (2.9%) | $285,413 (8.2%) | 0.00 | 461 |
2018-08-01 | $223,563 (-2.8%) | $281,102 (0.6%) | 0.00 | 484 |
2018-09-01 | $229,900 (0.4%) | $278,254 (0.3%) | 0.00 | 531 |
2018-10-01 | $232,500 (-1.8%) | $286,521 (1.1%) | 0.00 | 502 |
2018-11-01 | $239,450 (3.0%) | $287,721 (4.7%) | 0.00 | 473 |
2018-12-01 | $234,900 (2.2%) | $281,788 (3.9%) | 0.00 | 454 |
2019-01-01 | $234,600 (-1.9%) | $283,308 (0.1%) | 0.00 | 430 |
2019-02-01 | $234,900 (-2.0%) | $278,058 (-2.2%) | 0.00 | 409 |
2019-03-01 | $238,786 (-0.1%) | $283,759 (0.3%) | 0.00 | 397 |
2019-04-01 | $245,811 (4.8%) | $289,383 (1.7%) | 0.00 | 386 |
2019-05-01 | $248,475 (6.9%) | $292,329 (1.2%) | 0.00 | 395 |
2019-06-01 | $249,900 (11.1%) | $300,252 (6.0%) | 0.00 | 418 |
2019-07-01 | $249,900 (10.9%) | $318,486 (11.6%) | 0.00 | 444 |
2019-08-01 | $249,609 (11.7%) | $321,881 (14.5%) | 0.00 | 447 |
2019-09-01 | $249,773 (8.6%) | $324,706 (16.7%) | 0.00 | 458 |
2019-10-01 | $249,882 (7.5%) | $326,601 (14.0%) | 0.00 | 460 |
2019-11-01 | $249,900 (4.4%) | $329,820 (14.6%) | 0.00 | 450 |
2019-12-01 | $244,950 (4.3%) | $325,545 (15.5%) | 0.00 | 423 |
2020-01-01 | $241,100 (2.8%) | $313,742 (10.7%) | 0.00 | 386 |
2020-02-01 | $249,810 (6.4%) | $311,995 (12.2%) | 0.00 | 358 |
2020-03-01 | $249,175 (4.4%) | $317,655 (12.0%) | 0.00 | 352 |
2020-04-01 | $247,363 (0.6%) | $324,377 (12.1%) | 0.00 | 357 |
2020-05-01 | $259,900 (4.6%) | $351,034 (20.1%) | 0.00 | 327 |
2020-06-01 | $276,350 (10.6%) | $360,293 (20.0%) | 0.00 | 277 |
2020-07-01 | $279,925 (12.0%) | $342,198 (7.5%) | 0.00 | 228 |
2020-08-01 | $280,000 (12.2%) | $350,730 (9.0%) | 0.00 | 204 |
2020-09-01 | $279,750 (12.0%) | $350,834 (8.1%) | 0.00 | 225 |
2020-10-01 | $265,000 (6.1%) | $337,546 (3.4%) | 0.00 | 228 |
2020-11-01 | $259,900 (4.0%) | $335,891 (1.8%) | 0.00 | 225 |
2020-12-01 | $252,750 (3.2%) | $337,181 (3.6%) | 0.00 | 180 |
2021-01-01 | $259,900 (7.8%) | $344,021 (9.7%) | 0.00 | 140 |
2021-02-01 | $282,475 (13.1%) | $367,500 (17.8%) | 0.00 | 126 |
2021-03-01 | $285,950 (14.8%) | $362,381 (14.1%) | 0.00 | 112 |
2021-04-01 | $283,399 (14.6%) | $368,547 (13.6%) | 0.00 | 121 |
2021-05-01 | $273,713 (5.3%) | $357,206 (1.8%) | 0.00 | 124 |
2021-06-01 | $283,775 (2.7%) | $389,616 (8.1%) | 0.00 | 151 |
2021-07-01 | $284,025 (1.5%) | $416,756 (21.8%) | 0.00 | 169 |
2021-08-01 | $285,176 (1.9%) | $406,327 (15.9%) | 0.00 | 202 |
2021-09-01 | $295,078 (5.5%) | $420,476 (19.9%) | 0.00 | 208 |
2021-10-01 | $303,683 (14.6%) | $439,029 (30.1%) | 0.00 | 199 |
2021-11-01 | $336,700 (29.6%) | $506,965 (50.9%) | 0.00 | 165 |
2021-12-01 | $349,500 (38.3%) | $499,932 (48.3%) | 0.00 | 161 |
2022-01-01 | $329,400 (26.7%) | $497,192 (44.5%) | 0.00 | 129 |
2022-02-01 | $363,425 (28.7%) | $580,400 (57.9%) | 0.00 | 105 |
2022-03-01 | $356,600 (24.7%) | $556,565 (53.6%) | 0.00 | 107 |
2022-04-01 | $389,755 (37.5%) | $548,064 (48.7%) | 0.00 | 136 |
2022-05-01 | $385,925 (41.0%) | $551,600 (54.4%) | 0.00 | 195 |
2022-06-01 | $373,075 (31.5%) | $530,822 (36.2%) | 0.00 | 249 |
2022-07-01 | $375,000 (32.0%) | $494,772 (18.7%) | 0.00 | 335 |
2022-08-01 | $382,830 (34.2%) | $516,513 (27.1%) | 0.00 | 338 |
2022-09-01 | $377,388 (27.9%) | $506,876 (20.6%) | 0.00 | 360 |
2022-10-01 | $360,255 (18.6%) | $481,483 (9.7%) | 0.00 | 379 |
2022-11-01 | $359,975 (6.9%) | $479,015 (-5.5%) | 0.00 | 375 |
2022-12-01 | $358,500 (2.6%) | $467,597 (-6.5%) | 0.00 | 354 |
2023-01-01 | $360,910 (9.6%) | $454,117 (-8.7%) | 0.00 | 340 |
2023-02-01 | $370,000 (1.8%) | $479,475 (-17.4%) | 0.00 | 321 |
2023-03-01 | $367,500 (3.1%) | $490,207 (-11.9%) | 0.00 | 280 |
2023-04-01 | $365,000 (-6.4%) | $489,417 (-10.7%) | 0.00 | 259 |
2023-05-01 | $365,975 (-5.2%) | $483,341 (-12.4%) | 0.00 | 288 |
2023-06-01 | $361,000 (-3.2%) | $490,086 (-7.7%) | 0.00 | 303 |
2023-07-01 | $359,900 (-4.0%) | $512,351 (3.6%) | 0.00 | 293 |
2023-08-01 | $365,500 (-4.5%) | $524,193 (1.5%) | 0.00 | 286 |
2023-09-01 | $369,000 (-2.2%) | $533,692 (5.3%) | 0.00 | 302 |
2023-10-01 | $350,000 (-2.9%) | $500,141 (3.9%) | 0.00 | 342 |
2023-11-01 | $354,950 (-1.4%) | $481,092 (0.4%) | 0.00 | 383 |
2023-12-01 | $363,750 (1.5%) | $479,885 (2.6%) | 0.00 | 366 |
2024-01-01 | $365,102 (1.2%) | $471,520 (3.8%) | 0.00 | 354 |
2024-02-01 | $360,277 (-2.6%) | $470,766 (-1.8%) | 0.00 | 359 |
2024-03-01 | $372,400 (1.3%) | $474,388 (-3.2%) | 0.00 | 359 |
2024-04-01 | $374,950 (2.7%) | $475,522 (-2.8%) | 0.00 | 380 |
2024-05-01 | $375,000 (2.5%) | $477,376 (-1.2%) | 0.00 | 411 |
2024-06-01 | $364,900 (1.1%) | $449,568 (-8.3%) | 0.00 | 501 |
2024-07-01 | $349,869 (-2.8%) | $430,411 (-16.0%) | 0.00 | 541 |
2024-08-01 | $349,950 (-4.3%) | $447,194 (-14.7%) | 0.00 | 501 |
2024-09-01 | $345,000 (-6.5%) | $434,503 (-18.6%) | 0.00 | 518 |
2024-10-01 | $319,500 (-8.7%) | $409,731 (-18.1%) | 0.00 | 597 |
2024-11-01 | $349,900 (-1.4%) | $455,200 (-5.4%) | 0.00 | 533 |
2024-12-01 | $346,065 (-4.9%) | $463,809 (-3.4%) | 0.00 | 458 |
2025-01-01 | $353,018 (-3.3%) | $482,699 (2.4%) | 0.00 | 426 |
2025-02-01 | $354,264 (-1.7%) | $488,045 (3.7%) | 0.00 | 405 |
2025-03-01 | $364,950 (-2.0%) | $495,651 (4.5%) | 0.00 | 419 |
Cleveland's median listing price comes in at 0% of the national average.
Cleveland's average listing price for 2025-03-01 was $495,651, a difference of $21,263 (4.5%) versus the prior year and $7,606 versus the prior month.
For the 2025-03-01 period, Cleveland had 419 MLS listings, a difference of 14 listings (3%) versus the prior month and 60 listings (17%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cleveland (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,122 sqft |
2018-02-01 | 0 days | 2,131 sqft |
2018-03-01 | 0 days | 2,162 sqft |
2018-04-01 | 0 days | 2,122 sqft |
2018-05-01 | 0 days | 2,117 sqft |
2018-06-01 | 0 days | 2,069 sqft |
2018-07-01 | 0 days | 2,097 sqft |
2018-08-01 | 0 days | 2,013 sqft |
2018-09-01 | 0 days | 2,084 sqft |
2018-10-01 | 0 days | 2,008 sqft |
2018-11-01 | 0 days | 2,081 sqft |
2018-12-01 | 0 days | 2,034 sqft |
2019-01-01 | 0 days | 1,998 sqft |
2019-02-01 | 0 days | 1,998 sqft |
2019-03-01 | 0 days | 2,040 sqft |
2019-04-01 | 0 days | 2,087 sqft |
2019-05-01 | 0 days | 2,120 sqft |
2019-06-01 | 0 days | 2,164 sqft |
2019-07-01 | 0 days | 2,199 sqft |
2019-08-01 | 0 days | 2,204 sqft |
2019-09-01 | 0 days | 2,204 sqft |
2019-10-01 | 0 days | 2,197 sqft |
2019-11-01 | 0 days | 2,123 sqft |
2019-12-01 | 0 days | 2,100 sqft |
2020-01-01 | 0 days | 2,072 sqft |
2020-02-01 | 0 days | 2,080 sqft |
2020-03-01 | 0 days | 2,100 sqft |
2020-04-01 | 0 days | 2,016 sqft |
2020-05-01 | 0 days | 2,100 sqft |
2020-06-01 | 0 days | 2,168 sqft |
2020-07-01 | 0 days | 2,168 sqft |
2020-08-01 | 0 days | 2,092 sqft |
2020-09-01 | 0 days | 2,067 sqft |
2020-10-01 | 0 days | 2,000 sqft |
2020-11-01 | 0 days | 1,898 sqft |
2020-12-01 | 0 days | 1,895 sqft |
2021-01-01 | 0 days | 1,840 sqft |
2021-02-01 | 0 days | 1,940 sqft |
2021-03-01 | 0 days | 1,993 sqft |
2021-04-01 | 0 days | 1,955 sqft |
2021-05-01 | 0 days | 1,794 sqft |
2021-06-01 | 0 days | 1,854 sqft |
2021-07-01 | 0 days | 1,843 sqft |
2021-08-01 | 0 days | 1,825 sqft |
2021-09-01 | 0 days | 1,890 sqft |
2021-10-01 | 0 days | 1,894 sqft |
2021-11-01 | 0 days | 2,030 sqft |
2021-12-01 | 0 days | 2,062 sqft |
2022-01-01 | 0 days | 2,090 sqft |
2022-02-01 | 0 days | 2,068 sqft |
2022-03-01 | 0 days | 2,077 sqft |
2022-04-01 | 0 days | 2,200 sqft |
2022-05-01 | 0 days | 2,211 sqft |
2022-06-01 | 0 days | 2,179 sqft |
2022-07-01 | 0 days | 2,112 sqft |
2022-08-01 | 0 days | 2,168 sqft |
2022-09-01 | 0 days | 2,142 sqft |
2022-10-01 | 0 days | 2,048 sqft |
2022-11-01 | 0 days | 2,026 sqft |
2022-12-01 | 0 days | 2,016 sqft |
2023-01-01 | 0 days | 1,985 sqft |
2023-02-01 | 0 days | 2,022 sqft |
2023-03-01 | 0 days | 1,971 sqft |
2023-04-01 | 0 days | 2,040 sqft |
2023-05-01 | 0 days | 2,024 sqft |
2023-06-01 | 0 days | 2,018 sqft |
2023-07-01 | 0 days | 2,000 sqft |
2023-08-01 | 0 days | 2,059 sqft |
2023-09-01 | 0 days | 2,007 sqft |
2023-10-01 | 0 days | 1,878 sqft |
2023-11-01 | 0 days | 1,925 sqft |
2023-12-01 | 0 days | 1,890 sqft |
2024-01-01 | 0 days | 1,890 sqft |
2024-02-01 | 0 days | 1,950 sqft |
2024-03-01 | 0 days | 1,893 sqft |
2024-04-01 | 0 days | 1,939 sqft |
2024-05-01 | 0 days | 1,938 sqft |
2024-06-01 | 0 days | 1,841 sqft |
2024-07-01 | 0 days | 1,796 sqft |
2024-08-01 | 0 days | 1,800 sqft |
2024-09-01 | 0 days | 1,779 sqft |
2024-10-01 | 0 days | 1,641 sqft |
2024-11-01 | 0 days | 1,733 sqft |
2024-12-01 | 0 days | 1,731 sqft |
2025-01-01 | 0 days | 1,764 sqft |
2025-02-01 | 0 days | 1,799 sqft |
2025-03-01 | 0 days | 1,873 sqft |
Cleveland's median square footage for active listings during the 2025-03-01 period was 1,873 sqft. One year prior, the average listing was 1,893 sqft.