Concord VA Loans

Concord, NH

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.

Concord's 73 lenders originated 578 VA loans during 2021. The total origination value was $169,450,000, with an average VA loan value of $293,166.

Concord VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Concord averaged 5.25% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.5% and one month ago for the week of 2022-07-01, the average rate was 5.82%.

The average rate one year ago was 3.11%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.25%.

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

Concord 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 Concord level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 64 2.92% $6,282
QUICKEN LOANS, LLC 59 2.39% $3,883
PENNYMAC LOAN SERVICES, LLC 33 2.46% $6,701
CMG MORTGAGE, INC. 29 2.76% $6,717
UNITED WHOLESALE MORTGAGE, LLC 28 2.43% $6,252
FREEDOM MORTGAGE CORPORATION 24 2.49% $2,365
NAVY FEDERAL CREDIT UNION 20 2.60% $5,758
LOANDEPOT.COM, LLC 18 2.39% $6,044
NEW DAY FINANCIAL, LLC 15 2.71% $8,726
The Federal Savings Bank 14 2.54% $9,413
LAKEVIEW LOAN SERVICING, LLC 12 2.48% $3,277
USAA Federal Savings Bank 11 2.89% $5,922
RESIDENTIAL MORTGAGE SERVICES, INC. 11 2.56% $5,086
Mr. Cooper ( Nationstar Mortgage ) 11 2.95% $5,289
HARBORONE MORTGAGE, LLC 9 2.83% $6,413
NEWREZ LLC 8 2.81% $5,554
ENVOY MORTGAGE, LTD 7 2.98% $8,961
LENDUS, LLC 7 2.30% $5,740
CALIBER HOME LOANS, INC. 7 2.39% $2,403
CROSSCOUNTRY MORTGAGE, LLC 7 2.73% $9,614
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 2.73% $7,500
North American Savings Bank, F.S.B. 5 2.40% $2,315
Barrington Bank & Trust Company, N.A. 5 2.46% $3,945
GUARANTEED RATE, INC. 5 2.50% $7,210
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.63% $7,455
EMBRACE HOME LOANS, INC. 3 2.96% $5,044
Wells Fargo Bank 3 2.29% $6,664
BNC National Bank 3 2.25% $5,330
Low VA Rates, LLC 3 2.29% $5,860
NBKC BANK 3 2.54% $2,163
PENTAGON FEDERAL CREDIT UNION 3 2.25% $1,782
VILLAGE CAPITAL & INVESTMENT LLC 3 2.46% $3,350
LEADERONE FINANCIAL CORPORATION 3 3.13% $16,014
EMM LOANS LLC 3 2.92% $6,383
Flagstar Bank, FSB 3 2.41% $2,470
BROKER SOLUTIONS, INC. 2 2.62% $7,707
AMERISAVE MORTGAGE CORPORATION 2 2.38% $3,093
Citizens Bank 2 2.69% $1,179
GUARANTEED RATE AFFINITY, LLC 2 2.75% $13,503
HOME POINT FINANCIAL CORPORATION 2 2.43% $3,991
MORTGAGE EQUITY PARTNERS LLC 2 2.75% $5,970
Mortgage Network, Inc. 2 2.75% $5,872
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.06% $3,963
Service Federal Credit Union 2 2.81% $2,905
Waterstone Mortgage Corporation 2 3.19% $12,552
First Federal Bank 1 2.88% $13,027
DRAPER AND KRAMER MORTGAGE CORP. 1 2.25% $1,333
NP, Inc. 1 2.25% $8,670
Paramount Bank 1 4.25% $12,271
CONTOUR MORTGAGE CORPORATION 1 2.88% $14,629
Community First National Bank 1 2.50% $14,007
PHH Mortgage Corporation 1 3.50% $1,488
PLANET HOME LENDING, LLC 1 2.25% $2,942
AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $7,359
Carrington Mortgage Services, LLC 1 2.25% $3,932
RADIUS FINANCIAL GROUP INC. 1 2.63% $2,867
ACCELERATE MORTGAGE, LLC 1 2.75% $19,860
Wyndham Capital Mortgage, Inc. 1 2.25% $12,491
SOVEREIGN LENDING GROUP INCORPORATED 1 2.49% $17,737
Strong Home Mortgage, LLC 1 2.25% $4,322
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $3,484
The Central Trust Bank 1 2.25% $17,412
BAY EQUITY LLC 1 2.99% $4,306
TJC Mortgage, Inc. 1 2.25% $25,247
UNION HOME MORTGAGE CORP. 1 2.25% $3,577
Bangor Savings Bank 1 2.75% $3,159
ARC HOME LLC 1 2.88% $4,798
AMERICAN FINANCING CORPORATION 1 2.25% $1,355
Washington Trust Bank 1 2.63% $2,386
ZILLOW HOME LOANS, LLC 1 3.00% $11,134
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $1,703
Meridian Bank Corporation 1 2.25% $2,319
First Guaranty Mortgage Corporation 1 2.25% $1,664

The top Concord VA lender as defined by loan originations is Mortgage Research Center, LLC, with 64 VA loans originated. Their average total fees are $6,282, which is $2,399 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Concord VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,365), LAKEVIEW LOAN SERVICING, LLC ($3,277), QUICKEN LOANS, LLC ($3,883), RESIDENTIAL MORTGAGE SERVICES, INC. ($5,086) and Mr. Cooper ( Nationstar Mortgage ) ($5,289).

The lowest rate Concord VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (2.39%), QUICKEN LOANS, LLC (2.39%), UNITED WHOLESALE MORTGAGE, LLC (2.43%), PENNYMAC LOAN SERVICES, LLC (2.46%) and LAKEVIEW LOAN SERVICING, LLC (2.48%).

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.