Concord VA Loan Rates, Closing Costs & Stats

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 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 36 lenders originated 146 VA loans during 2023. The total origination value was $58,080,000, with an average VA loan value of $397,808.

Concord VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Concord averaged 0.09% for the week of 2024-06-21, compared to the national average (all VA variants) of 0% for the same period.

Concord's average VA mortgage closing costs are $6,379.

The average rate for the prior week (2024-06-14) was 6.69% and one month ago for the week of 2024-05-17, the average rate was 6.68%.

The average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-06-21, the average rate was 0.5%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 26 6.51% $10,399
CMG MORTGAGE, INC. 12 6.54% $11,303
NAVY FEDERAL CREDIT UNION 9 5.81% $8,288
GUILD MORTGAGE COMPANY 9 6.47% $8,392
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.61% $7,089
QUICKEN LOANS, LLC 7 6.56% $16,457
UNITED WHOLESALE MORTGAGE, LLC 6 6.23% $14,447
CROSSCOUNTRY MORTGAGE, LLC 6 6.46% $11,165
FREEDOM MORTGAGE CORPORATION 5 6.40% $13,573
MOVEMENT MORTGAGE, LLC 5 7.15% $5,819
PENNYMAC LOAN SERVICES, LLC 4 5.78% $8,328
USAA Federal Savings Bank 4 6.06% $9,340
Wells Fargo Bank 3 6.13% $7,517
NEW DAY FINANCIAL, LLC 3 7.17% $10,437
EMM LOANS LLC 2 6.31% $14,418
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.50% $9,366
LOANDEPOT.COM, LLC 2 5.94% $7,671
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.63% $3,628
VILLAGE CAPITAL MORTGAGE 2 5.75% $7,718
Mr. Cooper ( Nationstar Mortgage ) 2 6.88% $16,645
Paramount Residential Mortgage Group, Inc. 1 6.75% $8,517
EMBRACE HOME LOANS, INC. 1 5.75% $14,269
PENTAGON FEDERAL CREDIT UNION 1 5.38% $4,696
Plains Commerce Bank 1 6.63% $8,462
BROKER SOLUTIONS, INC. 1 5.25% $12,341
SUMMIT FUNDING, INC. 1 6.25% $14,868
The Federal Savings Bank 1 6.75% $18,436
BAY EQUITY LLC 1 6.63% $13,580
Barrington Bank & Trust Company, N.A. 1 7.25% $19,822
Flagstar Bank, FSB 1 6.75% $39,142
GENEVA FINANCIAL, LLC 1 6.75% $8,867
HARBORONE MORTGAGE, LLC 1 7.25% $11,176
LAKEVIEW LOAN SERVICING, LLC 1 7.25% $6,474
EVERETT FINANCIAL, INC. 1 7.13% $15,770
ENVOY MORTGAGE, LTD 1 7.63% $12,359
NEWREZ LLC 1 6.75% $5,954

The top Concord VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $10,399, which is $904 lower than the next largest lender, CMG MORTGAGE, INC..

The lowest fee Concord VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($10,399), CMG MORTGAGE, INC. ($11,303), .

The lowest rate Concord VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.51%), CMG MORTGAGE, INC. (6.54%), .

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.