Crossville VA Loan Rates, Closing Costs & Stats

Crossville, TN

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.

Crossville's 72 lenders originated 371 VA loans during 2021. The total origination value was $81,505,000, with an average VA loan value of $219,690.

Crossville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Crossville averaged 6.82% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Crossville's average VA mortgage closing costs are $4,693.

The average rate for the prior week (2022-11-25) was 6.76% and one month ago for the week of 2022-10-28, the average rate was 6.85%.

The average rate one year ago was 3.43%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.23%.

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

Crossville 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 Crossville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 46 2.48% $5,108
Mortgage Research Center, LLC 33 2.89% $5,725
FREEDOM MORTGAGE CORPORATION 26 2.54% $2,356
NEW DAY FINANCIAL, LLC 23 2.81% $7,783
PENNYMAC LOAN SERVICES, LLC 22 2.51% $4,203
VILLAGE CAPITAL MORTGAGE 12 2.25% $2,940
MORTGAGE INVESTORS GROUP, INC. 11 2.80% $7,877
VAN DYK MORTGAGE CORPORATION 10 3.25% $2,413
LOANDEPOT.COM, LLC 10 2.73% $2,907
UNITED WHOLESALE MORTGAGE, LLC 9 2.55% $6,884
USAA Federal Savings Bank 8 2.83% $4,458
PENTAGON FEDERAL CREDIT UNION 8 2.25% $4,098
NAVY FEDERAL CREDIT UNION 7 2.61% $5,631
Flagstar Bank, FSB 7 2.95% $5,561
CALIBER HOME LOANS, INC. 6 2.56% $4,313
First Guaranty Mortgage Corporation 6 2.42% $3,560
Sierra Pacific Mortgage Company, Inc. 5 2.78% $6,546
CLEARPATH LENDING 4 2.69% $9,063
Renasant Bank 4 2.78% $3,551
DAS Acquisition Company, LLC 4 3.28% $4,514
FIRST COMMUNITY MORTGAGE, INC. 4 2.63% $2,541
Barrington Bank & Trust Company, N.A. 3 2.38% $2,706
GUARANTY MORTGAGE SERVICES, L.L.C. 3 3.25% $2,105
Citizens Bank 3 2.71% $4,522
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.46% $9,221
FirstBank 3 2.83% $7,142
SUCCESS MORTGAGE PARTNERS, INC. 2 2.93% $1,552
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.38% $1,460
LAKEVIEW LOAN SERVICING, LLC 2 2.62% $1,718
SOVEREIGN LENDING GROUP INCORPORATED 2 2.63% $8,373
The Federal Savings Bank 2 2.38% $10,810
Florida Capital Bank 1 2.63% $4,152
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $3,544
HOME POINT FINANCIAL CORPORATION 1 2.49% $1,608
HOMESIDE FINANCIAL, LLC 1 2.75% $6,921
AMERICAN FINANCIAL NETWORK, INC. 1 2.38% $4,754
First National Bank of Pennsylvania 1 2.63% $3,047
Low VA Rates, LLC 1 2.38% $1,765
Magnolia Bank 1 2.25% $4,821
Mid-Continent Funding, Inc. 1 2.75% $2,302
First Federal Bank 1 2.75% $8,312
Equity Prime Mortgage LLC 1 3.25% $8,225
MOVEMENT MORTGAGE, LLC 1 3.38% $2,084
Nations Lending Corporation 1 3.38% $10,244
CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $5,280
NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $1,050
Credence Funding Corporation 1 2.38% $3,148
NEWREZ LLC 1 2.25% $3,026
ONE NEVADA CREDIT UNION 1 2.38% $3,067
CMG MORTGAGE, INC. 1 2.75% $4,834
Carrington Mortgage Services, LLC 1 2.25% $5,816
PHH Mortgage Corporation 1 2.88% $10,449
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $325
BNC National Bank 1 2.25% $11,836
Regions Bank 1 3.75% $11,436
Bank of England 1 3.25% $2,678
Shamrock Home Loans, Inc. 1 2.75% $8,390
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $1,331
SOUTHWEST STAGE FUNDING, LLC 1 3.25% $0
AMCAP MORTGAGE, LTD. 1 4.50% $8,756
STOCKTON MORTGAGE CORPORATION 1 3.25% $8,851
Strong Home Mortgage, LLC 1 2.38% $10,049
ACCELERATE MORTGAGE, LLC 1 1.75% $6,584
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $1,595
Wells Fargo Bank 1 2.25% $8,964
The First National Bank of Middle Tennessee 1 2.38% $2,515
Ameris Bank 1 2.75% $8,445
AMERICAN FINANCING CORPORATION 1 2.88% $1,790
U.S. Bank 1 2.75% $2,553
Goldwater Bank, N.A. 1 1.88% $11,891
GUARANTEED RATE, INC. 1 2.88% $10,665
GUARANTY HOME MORTGAGE CORPORATION 1 2.38% $2,731

The top Crossville VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 46 VA loans originated. Their average total fees are $5,108, which is $617 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Crossville VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,356), VAN DYK MORTGAGE CORPORATION ($2,413), LOANDEPOT.COM, LLC ($2,907), VILLAGE CAPITAL MORTGAGE ($2,940) and PENNYMAC LOAN SERVICES, LLC ($4,203).

The lowest rate Crossville VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.25%), QUICKEN LOANS, LLC (2.48%), PENNYMAC LOAN SERVICES, LLC (2.51%), FREEDOM MORTGAGE CORPORATION (2.54%) and LOANDEPOT.COM, LLC (2.73%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Crossville (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 $189,600 (5.7%) $234,784 (10.2%) 0.00 404
2018-02-01 $196,775 (6.9%) $237,779 (9.4%) 0.00 386
2018-03-01 $199,900 (9.9%) $244,503 (13.2%) 0.00 394
2018-04-01 $209,225 (19.0%) $249,542 (16.2%) 0.00 409
2018-05-01 $221,675 (23.8%) $261,864 (19.0%) 0.00 416
2018-06-01 $219,900 (22.2%) $259,624 (15.1%) 0.00 448
2018-07-01 $216,975 (17.4%) $258,892 (13.1%) 0.00 467
2018-08-01 $212,175 (10.6%) $258,225 (10.6%) 0.00 446
2018-09-01 $214,900 (8.8%) $259,849 (9.7%) 0.00 463
2018-10-01 $213,975 (8.6%) $258,097 (7.0%) 0.00 473
2018-11-01 $210,950 (6.2%) $253,196 (4.5%) 0.00 450
2018-12-01 $213,950 (12.7%) $255,516 (9.7%) 0.00 416
2019-01-01 $218,000 (15.0%) $261,796 (11.5%) 0.00 391
2019-02-01 $204,825 (4.1%) $256,291 (7.8%) 0.00 405
2019-03-01 $212,114 (6.1%) $256,151 (4.8%) 0.00 412
2019-04-01 $224,889 (7.5%) $260,192 (4.3%) 0.00 427
2019-05-01 $219,950 (-0.8%) $259,071 (-1.1%) 0.00 420
2019-06-01 $229,900 (4.6%) $266,623 (2.7%) 0.00 428
2019-07-01 $240,950 (11.1%) $278,746 (7.7%) 0.00 441
2019-08-01 $240,664 (13.4%) $280,841 (8.8%) 0.00 425
2019-09-01 $234,609 (9.2%) $281,593 (8.4%) 0.00 416
2019-10-01 $235,573 (10.1%) $284,705 (10.3%) 0.00 410
2019-11-01 $245,833 (16.5%) $291,833 (15.3%) 0.00 394
2019-12-01 $240,500 (12.4%) $289,775 (13.4%) 0.00 374
2020-01-01 $239,900 (10.1%) $288,983 (10.4%) 0.00 336
2020-02-01 $239,900 (17.1%) $285,299 (11.3%) 0.00 340
2020-03-01 $238,700 (12.5%) $284,106 (10.9%) 0.00 339
2020-04-01 $239,900 (6.7%) $284,602 (9.4%) 0.00 325
2020-05-01 $253,700 (15.3%) $291,357 (12.5%) 0.00 311
2020-06-01 $251,900 (9.6%) $290,302 (8.9%) 0.00 297
2020-07-01 $259,900 (7.9%) $298,106 (7.0%) 0.00 273
2020-08-01 $250,000 (3.9%) $296,027 (5.4%) 0.00 235
2020-09-01 $262,450 (11.9%) $304,052 (8.0%) 0.00 220
2020-10-01 $249,000 (5.7%) $290,823 (2.2%) 0.00 196
2020-11-01 $256,375 (4.3%) $289,320 (-0.9%) 0.00 192
2020-12-01 $264,450 (10.0%) $291,130 (0.5%) 0.00 176
2021-01-01 $249,900 (4.2%) $286,476 (-0.9%) 0.00 137
2021-02-01 $221,200 (-7.8%) $269,958 (-5.4%) 0.00 122
2021-03-01 $232,450 (-2.6%) $282,150 (-0.7%) 0.00 117
2021-04-01 $275,957 (15.0%) $310,182 (9.0%) 0.00 139
2021-05-01 $277,000 (9.2%) $321,046 (10.2%) 0.00 153
2021-06-01 $285,000 (13.1%) $348,460 (20.0%) 0.00 163
2021-07-01 $299,997 (15.4%) $366,566 (23.0%) 0.00 187
2021-08-01 $299,925 (20.0%) $358,168 (21.0%) 0.00 221
2021-09-01 $287,625 (9.6%) $351,474 (15.6%) 0.00 231
2021-10-01 $279,000 (12.1%) $346,254 (19.1%) 0.00 223
2021-11-01 $291,950 (13.9%) $366,650 (26.7%) 0.00 196
2021-12-01 $307,975 (16.5%) $383,777 (31.8%) 0.00 184
2022-01-01 $299,900 (20.0%) $375,972 (31.2%) 0.00 159
2022-02-01 $299,900 (35.6%) $376,749 (39.6%) 0.00 138
2022-03-01 $308,450 (32.7%) $394,346 (39.8%) 0.00 131
2022-04-01 $327,000 (18.5%) $426,216 (37.4%) 0.00 144
2022-05-01 $345,625 (24.8%) $433,705 (35.1%) 0.00 174
2022-06-01 $343,100 (20.4%) $436,010 (25.1%) 0.00 195
2022-07-01 $350,000 (16.7%) $453,919 (23.8%) 0.00 237
2022-08-01 $352,200 (17.4%) $441,216 (23.2%) 0.00 251
2022-09-01 $347,607 (20.9%) $430,113 (22.4%) 0.00 250
2022-10-01 $349,900 (25.4%) $431,446 (24.6%) 0.00 259
2022-11-01 $350,000 (19.9%) $430,563 (17.4%) 0.00 253
Crossville's median listing price for 2022-11-01 was $350,000, a difference of $58,050 (19.9%) versus the prior year and $100 versus the prior month.

Crossville's median listing price comes in at 0% of the national average.

Crossville's average listing price for 2022-11-01 was $430,563, a difference of $63,913 (17.4%) versus the prior year and $-883 versus the prior month.

For the 2022-11-01 period, Crossville had 253 MLS listings, a difference of -6 listings (-2%) versus the prior month and 57 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Crossville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,842 sqft
2018-02-01 0 days 1,866 sqft
2018-03-01 0 days 1,891 sqft
2018-04-01 0 days 1,894 sqft
2018-05-01 0 days 1,916 sqft
2018-06-01 0 days 1,924 sqft
2018-07-01 0 days 1,934 sqft
2018-08-01 0 days 1,900 sqft
2018-09-01 0 days 1,907 sqft
2018-10-01 0 days 1,905 sqft
2018-11-01 0 days 1,930 sqft
2018-12-01 0 days 1,962 sqft
2019-01-01 0 days 2,001 sqft
2019-02-01 0 days 1,852 sqft
2019-03-01 0 days 1,878 sqft
2019-04-01 0 days 1,927 sqft
2019-05-01 0 days 1,925 sqft
2019-06-01 0 days 1,944 sqft
2019-07-01 0 days 1,962 sqft
2019-08-01 0 days 1,968 sqft
2019-09-01 0 days 1,970 sqft
2019-10-01 0 days 2,001 sqft
2019-11-01 0 days 2,000 sqft
2019-12-01 0 days 1,966 sqft
2020-01-01 0 days 1,949 sqft
2020-02-01 0 days 1,951 sqft
2020-03-01 0 days 1,925 sqft
2020-04-01 0 days 1,905 sqft
2020-05-01 0 days 1,954 sqft
2020-06-01 0 days 1,959 sqft
2020-07-01 0 days 2,037 sqft
2020-08-01 0 days 1,943 sqft
2020-09-01 0 days 1,932 sqft
2020-10-01 0 days 1,827 sqft
2020-11-01 0 days 1,793 sqft
2020-12-01 0 days 1,768 sqft
2021-01-01 0 days 1,742 sqft
2021-02-01 0 days 1,640 sqft
2021-03-01 0 days 1,770 sqft
2021-04-01 0 days 1,857 sqft
2021-05-01 0 days 1,852 sqft
2021-06-01 0 days 1,912 sqft
2021-07-01 0 days 1,912 sqft
2021-08-01 0 days 1,864 sqft
2021-09-01 0 days 1,806 sqft
2021-10-01 0 days 1,790 sqft
2021-11-01 0 days 1,811 sqft
2021-12-01 0 days 1,832 sqft
2022-01-01 0 days 1,847 sqft
2022-02-01 0 days 1,868 sqft
2022-03-01 0 days 1,800 sqft
2022-04-01 0 days 1,850 sqft
2022-05-01 0 days 1,866 sqft
2022-06-01 0 days 1,860 sqft
2022-07-01 0 days 1,861 sqft
2022-08-01 0 days 1,859 sqft
2022-09-01 0 days 1,824 sqft
2022-10-01 0 days 1,847 sqft
2022-11-01 0 days 1,840 sqft
Crossville's median listing age (time on market) for 2022-11-01 was 0 days.

Crossville's median square footage for active listings during the 2022-11-01 period was 1,840 sqft. One year prior, the average listing was 1,811 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.