Concord VA Loan Rates, Closing Costs & Stats

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 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.

    Concord's 44 lenders originated 215 VA loans during 2022. The total origination value was $77,175,000, with an average VA loan value of $358,953.

    Concord VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Concord averaged 6.26% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Concord's average VA mortgage closing costs are $6,076.

    The average rate for the prior week (2023-05-19) was 6.28% and one month ago for the week of 2023-04-21, the average rate was 6.2%.

    The average rate one year ago was 5.17%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.31%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Concord level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 43 5.14% $10,494
    QUICKEN LOANS, LLC 22 5.06% $13,934
    UNITED WHOLESALE MORTGAGE, LLC 14 4.15% $9,147
    CMG MORTGAGE, INC. 14 4.68% $8,442
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 5.41% $11,114
    NAVY FEDERAL CREDIT UNION 12 4.01% $6,775
    FREEDOM MORTGAGE CORPORATION 7 4.59% $13,957
    MOVEMENT MORTGAGE, LLC 5 4.10% $14,242
    The Federal Savings Bank 5 4.88% $18,943
    GUILD MORTGAGE COMPANY 5 4.30% $12,119
    NEW DAY FINANCIAL, LLC 5 4.85% $12,967
    Mr. Cooper ( Nationstar Mortgage ) 4 3.59% $6,480
    LOANDEPOT.COM, LLC 4 3.40% $12,595
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.34% $13,151
    EMM LOANS LLC 4 4.78% $14,719
    Magnolia Bank 3 3.08% $18,997
    ENVOY MORTGAGE, LTD 3 4.54% $18,445
    Service Federal Credit Union 3 3.46% $5,541
    HARBORONE MORTGAGE, LLC 3 4.83% $4,190
    EVERETT FINANCIAL, INC. 3 4.92% $7,631
    USAA Federal Savings Bank 3 3.96% $5,721
    AMERISAVE MORTGAGE CORPORATION 3 2.88% $6,508
    BROKER SOLUTIONS, INC. 2 4.06% $18,569
    Barrington Bank & Trust Company, N.A. 2 3.06% $3,592
    CROSSCOUNTRY MORTGAGE, LLC 2 5.38% $6,969
    NEWREZ LLC 2 3.50% $6,566
    PENNYMAC LOAN SERVICES, LLC 2 2.91% $3,227
    LAKEVIEW LOAN SERVICING, LLC 1 3.75% $1,952
    NEW FED MORTGAGE, CORP. 1 5.25% $13,500
    VILLAGE CAPITAL MORTGAGE 1 2.75% $4,070
    Wells Fargo Bank 1 2.75% $17,872
    PENTAGON FEDERAL CREDIT UNION 1 2.25% $0
    PLANET HOME LENDING, LLC 1 3.75% $25,154
    Citizens Bank 1 5.88% $7,059
    SALEM FIVE MORTGAGE COMPANY, LLC 1 6.75% $2,314
    Semper Home Loans, Inc. 1 3.63% $2,551
    CALIBER HOME LOANS, INC. 1 5.05% $3,868
    Texana Bank 1 4.50% $12,066
    The Central Trust Bank 1 4.63% $34,792
    AMCAP MORTGAGE, LTD. 1 5.75% $2,607
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.63% $689
    American Mortgage & Equity Consultants, Inc. 1 4.75% $10,446
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $11,256
    M&T Bank 1 4.75% $3,724

    The top Concord VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $10,494, which is $3,440 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Concord VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,775), CMG MORTGAGE, INC. ($8,442), UNITED WHOLESALE MORTGAGE, LLC ($9,147), Mortgage Research Center, LLC ($10,494) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($11,114).

    The lowest rate Concord VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (4.01%), UNITED WHOLESALE MORTGAGE, LLC (4.15%), CMG MORTGAGE, INC. (4.68%), QUICKEN LOANS, LLC (5.06%) and Mortgage Research Center, LLC (5.14%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Concord (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $306,400 (13.8%) $375,332 (17.0%) 1.14 410
    2018-02-01 $322,225 (17.0%) $383,758 (16.6%) 1.17 360
    2018-03-01 $329,999 (17.9%) $374,482 (10.6%) 1.16 352
    2018-04-01 $329,725 (17.8%) $376,714 (7.7%) 1.12 419
    2018-05-01 $322,225 (8.9%) $375,677 (3.9%) 1.08 502
    2018-06-01 $319,900 (6.7%) $380,713 (3.4%) 1.07 583
    2018-07-01 $314,900 (5.1%) $381,305 (3.7%) 1.05 607
    2018-08-01 $309,700 (3.3%) $385,074 (5.4%) 1.04 637
    2018-09-01 $304,995 (5.2%) $385,702 (7.0%) 1.03 669
    2018-10-01 $309,450 (5.1%) $388,495 (7.6%) 1.05 644
    2018-11-01 $299,950 (4.4%) $386,394 (8.8%) 1.02 564
    2018-12-01 $299,900 (2.6%) $382,870 (6.0%) 1.03 465
    2019-01-01 $299,950 (-2.1%) $390,593 (4.1%) 1.04 392
    2019-02-01 $307,950 (-4.4%) $398,088 (3.7%) 1.04 368
    2019-03-01 $324,900 (-1.6%) $402,093 (7.4%) 1.08 355
    2019-04-01 $335,038 (1.6%) $402,998 (7.0%) 1.06 396
    2019-05-01 $322,425 (0.1%) $384,558 (2.4%) 1.01 465
    2019-06-01 $324,900 (1.6%) $412,306 (8.3%) 1.02 495
    2019-07-01 $319,450 (1.4%) $412,631 (8.2%) 1.00 499
    2019-08-01 $329,500 (6.4%) $425,385 (10.5%) 1.03 492
    2019-09-01 $333,000 (9.2%) $414,692 (7.5%) 1.05 455
    2019-10-01 $312,450 (1.0%) $397,701 (2.4%) 1.01 461
    2019-11-01 $306,000 (2.0%) $391,813 (1.4%) 1.00 398
    2019-12-01 $299,700 (-0.1%) $384,318 (0.4%) 1.00 326
    2020-01-01 $300,000 (0.0%) $391,679 (0.3%) 1.00 261
    2020-02-01 $329,000 (6.8%) $413,076 (3.8%) 1.08 250
    2020-03-01 $349,000 (7.4%) $416,792 (3.7%) 1.09 267
    2020-04-01 $357,400 (6.7%) $417,121 (3.5%) 1.12 275
    2020-05-01 $362,400 (12.4%) $427,036 (11.1%) 1.10 261
    2020-06-01 $377,450 (16.2%) $464,939 (12.8%) 1.11 270
    2020-07-01 $374,450 (17.2%) $470,342 (14.0%) 1.09 232
    2020-08-01 $374,950 (13.8%) $451,757 (6.2%) 1.07 235
    2020-09-01 $367,425 (10.3%) $435,320 (5.0%) 1.05 242
    2020-10-01 $339,450 (8.6%) $423,861 (6.6%) 0.97 228
    2020-11-01 $348,700 (14.0%) $446,388 (13.9%) 1.02 182
    2020-12-01 $334,475 (11.6%) $444,035 (15.5%) 0.99 144
    2021-01-01 $339,450 (13.2%) $435,972 (11.3%) 1.01 104
    2021-02-01 $356,000 (8.2%) $475,290 (15.1%) 1.04 87
    2021-03-01 $346,975 (-0.6%) $458,819 (10.1%) 0.98 100
    2021-04-01 $380,450 (6.5%) $475,947 (14.1%) 1.03 111
    2021-05-01 $375,000 (3.5%) $498,344 (16.7%) 1.00 161
    2021-06-01 $377,000 (-0.1%) $496,579 (6.8%) 0.99 207
    2021-07-01 $417,500 (11.5%) $548,428 (16.6%) 1.10 209
    2021-08-01 $390,925 (4.3%) $543,591 (20.3%) 1.04 197
    2021-09-01 $399,675 (8.8%) $518,592 (19.1%) 1.07 192
    2021-10-01 $389,900 (14.9%) $522,466 (23.3%) 1.04 172
    2021-11-01 $399,725 (14.6%) $533,915 (19.6%) 1.07 136
    2021-12-01 $450,500 (34.7%) $540,135 (21.6%) 1.22 99
    2022-01-01 $419,900 (23.7%) $529,512 (21.5%) 1.14 82
    2022-02-01 $472,400 (32.7%) $591,226 (24.4%) 1.23 68
    2022-03-01 $437,225 (26.0%) $530,412 (15.6%) 1.09 91
    2022-04-01 $429,999 (13.0%) $609,087 (28.0%) 1.03 108
    2022-05-01 $449,950 (20.0%) $568,970 (14.2%) 1.03 128
    2022-06-01 $461,000 (22.3%) $588,336 (18.5%) 1.03 177
    2022-07-01 $497,000 (19.0%) $624,410 (13.9%) 1.12 214
    2022-08-01 $484,975 (24.1%) $607,692 (11.8%) 1.12 216
    2022-09-01 $484,725 (21.3%) $597,259 (15.2%) 1.13 204
    2022-10-01 $494,450 (26.8%) $571,209 (9.3%) 1.16 200
    2022-11-01 $491,175 (22.9%) $555,803 (4.1%) 1.18 200
    2022-12-01 $499,900 (11.0%) $557,403 (3.2%) 1.23 163
    2023-01-01 $499,500 (19.0%) $549,914 (3.9%) 1.24 121
    2023-02-01 $522,475 (10.6%) $561,487 (-5.0%) 1.26 87
    2023-03-01 $509,950 (16.6%) $553,866 (4.4%) 1.20 83
    2023-04-01 $522,450 (21.5%) $590,923 (-3.0%) 1.22 97
    Concord's median listing price for 2023-04-01 was $522,450, a difference of $92,451 (21.5%) versus the prior year and $12,500 versus the prior month.

    Concord's median listing price comes in at 122% of the national average.

    Concord's average listing price for 2023-04-01 was $590,923, a difference of $-18,164 (-3.0%) versus the prior year and $37,057 versus the prior month.

    For the 2023-04-01 period, Concord had 97 MLS listings, a difference of 14 listings (17%) versus the prior month and -11 listings (-10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Concord (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 103 days 2,192 sqft
    2018-02-01 109 days 2,173 sqft
    2018-03-01 80 days 2,217 sqft
    2018-04-01 53 days 2,209 sqft
    2018-05-01 45 days 2,170 sqft
    2018-06-01 41 days 2,168 sqft
    2018-07-01 52 days 2,187 sqft
    2018-08-01 57 days 2,185 sqft
    2018-09-01 63 days 2,179 sqft
    2018-10-01 70 days 2,214 sqft
    2018-11-01 81 days 2,197 sqft
    2018-12-01 96 days 2,122 sqft
    2019-01-01 95 days 2,152 sqft
    2019-02-01 101 days 2,089 sqft
    2019-03-01 70 days 2,090 sqft
    2019-04-01 47 days 2,122 sqft
    2019-05-01 44 days 2,106 sqft
    2019-06-01 45 days 2,128 sqft
    2019-07-01 51 days 2,082 sqft
    2019-08-01 64 days 2,132 sqft
    2019-09-01 71 days 2,163 sqft
    2019-10-01 65 days 2,096 sqft
    2019-11-01 72 days 2,068 sqft
    2019-12-01 86 days 1,978 sqft
    2020-01-01 91 days 2,026 sqft
    2020-02-01 75 days 2,065 sqft
    2020-03-01 49 days 2,076 sqft
    2020-04-01 53 days 2,139 sqft
    2020-05-01 57 days 2,125 sqft
    2020-06-01 35 days 2,172 sqft
    2020-07-01 42 days 2,199 sqft
    2020-08-01 46 days 2,222 sqft
    2020-09-01 35 days 2,080 sqft
    2020-10-01 42 days 2,001 sqft
    2020-11-01 48 days 2,033 sqft
    2020-12-01 58 days 1,901 sqft
    2021-01-01 52 days 1,846 sqft
    2021-02-01 31 days 1,800 sqft
    2021-03-01 18 days 1,727 sqft
    2021-04-01 14 days 1,826 sqft
    2021-05-01 14 days 2,072 sqft
    2021-06-01 17 days 2,068 sqft
    2021-07-01 25 days 2,191 sqft
    2021-08-01 35 days 2,130 sqft
    2021-09-01 34 days 2,096 sqft
    2021-10-01 37 days 1,998 sqft
    2021-11-01 42 days 1,947 sqft
    2021-12-01 50 days 1,979 sqft
    2022-01-01 50 days 1,883 sqft
    2022-02-01 28 days 1,952 sqft
    2022-03-01 15 days 1,854 sqft
    2022-04-01 12 days 1,872 sqft
    2022-05-01 16 days 1,922 sqft
    2022-06-01 13 days 1,947 sqft
    2022-07-01 24 days 2,118 sqft
    2022-08-01 35 days 2,104 sqft
    2022-09-01 41 days 2,139 sqft
    2022-10-01 43 days 2,099 sqft
    2022-11-01 43 days 2,058 sqft
    2022-12-01 57 days 2,052 sqft
    2023-01-01 68 days 2,073 sqft
    2023-02-01 70 days 2,022 sqft
    2023-03-01 37 days 1,889 sqft
    2023-04-01 17 days 2,043 sqft
    Concord's median listing age (time on market) for 2023-04-01 was 17 days. This is 48% longer than the same period one year ago.

    Concord's median square footage for active listings during the 2023-04-01 period was 2,043 sqft. One year prior, the average listing was 1,872 sqft.

    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.