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 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 6.69% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-07-12) was 6.63% and one month ago for the week of 2024-06-14, the average rate was 6.89%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.9%.

    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.