Concord VA Loans

Concord, NH

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    • 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.