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 53 lenders originated 190 VA loans during 2022. The total origination value was $50,800,000, with an average VA loan value of $267,368.

Crossville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Crossville averaged 6.25% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Crossville's average VA mortgage closing costs are $5,055.

The average rate for the prior week (2024-02-09) was 6.21% and one month ago for the week of 2024-01-12, the average rate was 6.17%.

The average rate one year ago was 5.54%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.49%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 35 5.35% $4,154
QUICKEN LOANS, LLC 18 4.25% $9,351
NAVY FEDERAL CREDIT UNION 10 4.01% $7,117
LOANDEPOT.COM, LLC 9 4.04% $5,252
MORTGAGE INVESTORS GROUP, INC. 9 5.06% $8,740
PENNYMAC LOAN SERVICES, LLC 7 3.26% $4,953
DAS Acquisition Company, LLC 7 5.13% $8,790
Flagstar Bank, FSB 6 5.26% $8,516
NEW DAY FINANCIAL, LLC 6 5.37% $12,022
USAA Federal Savings Bank 6 4.96% $3,006
VAN DYK MORTGAGE CORPORATION 5 5.55% $10,400
BROKER SOLUTIONS, INC. 4 4.50% $11,398
UNITED WHOLESALE MORTGAGE, LLC 4 4.22% $9,647
SOUTHWEST STAGE FUNDING, LLC 4 4.06% $2,780
FREEDOM MORTGAGE CORPORATION 3 4.54% $16,092
HOME POINT FINANCIAL CORPORATION 3 3.38% $14,758
PENTAGON FEDERAL CREDIT UNION 3 3.13% $2,683
Gateway First Bank 2 3.75% $5,781
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.06% $12,679
EVERETT FINANCIAL, INC. 2 5.94% $5,796
Barrington Bank & Trust Company, N.A. 2 3.38% $3,052
FirstBank 2 5.00% $3,884
AMERICAN FINANCING CORPORATION 2 4.69% $4,190
CMG MORTGAGE, INC. 2 5.19% $4,692
CROSSCOUNTRY MORTGAGE, LLC 2 5.50% $5,660
VILLAGE CAPITAL MORTGAGE 2 3.56% $4,354
AMERICAN FINANCIAL RESOURCES, INC. 1 5.50% $3,988
Wells Fargo Bank 1 3.38% $12,412
AMERISAVE MORTGAGE CORPORATION 1 2.75% $9,118
Armed Forces Bank 1 3.75% $6,738
CALIBER HOME LOANS, INC. 1 5.00% $6,722
CARDINAL FINANCIAL 1 5.75% $5,874
Citizens Bank 1 3.88% $8,303
EASTMAN 1 5.00% $4,522
Fifth Third Bank 1 5.13% $2,221
First Federal Bank 1 5.49% $10,926
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $15,744
Magnolia Bank 1 3.63% $19,768
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $2,455
Mutual Federal Bank 1 4.50% $5,845
Nations Lending Corporation 1 5.75% $11,272
NEWREZ LLC 1 2.75% $1,497
PROPER RATE, LLC 1 5.25% $7,077
Regions Bank 1 3.50% $6,898
RELIANCE FIRST CAPITAL, LLC 1 5.38% $4,166
Renasant Bank 1 5.25% $11,925
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.75% $6,815
SECURITYNATIONAL MORTGAGE COMPANY 1 5.75% $8,004
SUMMIT FUNDING, INC. 1 4.75% $15,863
T2 FINANCIAL LLC 1 3.25% $8,264
UNION HOME MORTGAGE CORP. 1 6.75% $4,458
U.S. Bank 1 3.99% $7,795
Waterstone Mortgage Corporation 1 5.63% $13,054

The top Crossville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $4,154, which is $5,197 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Crossville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,154), NAVY FEDERAL CREDIT UNION ($7,117), QUICKEN LOANS, LLC ($9,351), .

The lowest rate Crossville VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (4.01%), QUICKEN LOANS, LLC (4.25%), Mortgage Research Center, LLC (5.35%), .


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%) 0.00 405
2018-02-01 $196,775 (6.9%) $237,779 (9.4%) 0.00 386
2018-03-01 $199,900 (9.9%) $244,631 (13.2%) 0.00 395
2018-04-01 $209,450 (19.1%) $249,644 (16.2%) 0.00 410
2018-05-01 $222,400 (24.2%) $261,934 (19.1%) 0.00 417
2018-06-01 $219,900 (22.2%) $259,689 (15.2%) 0.00 449
2018-07-01 $216,975 (17.4%) $258,892 (13.1%) 0.00 467
2018-08-01 $212,400 (10.6%) $258,258 (10.6%) 0.00 446
2018-09-01 $214,900 (8.8%) $259,849 (9.7%) 0.00 463
2018-10-01 $213,975 (8.3%) $258,097 (7.0%) 0.00 473
2018-11-01 $210,950 (6.0%) $253,196 (4.4%) 0.00 450
2018-12-01 $213,950 (12.7%) $255,516 (9.6%) 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%) $255,894 (4.6%) 0.00 411
2019-04-01 $224,889 (7.4%) $260,110 (4.2%) 0.00 426
2019-05-01 $219,950 (-1.1%) $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 (13.3%) $280,841 (8.7%) 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 (11.0%) 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 $307,225 (16.2%) $383,947 (31.9%) 0.00 183
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
2022-12-01 $349,900 (13.9%) $439,429 (14.5%) 0.00 265
2023-01-01 $349,500 (16.5%) $438,464 (16.6%) 0.00 251
2023-02-01 $338,250 (12.8%) $422,474 (12.1%) 0.00 249
2023-03-01 $342,450 (11.0%) $412,790 (4.7%) 0.00 238
2023-04-01 $349,000 (6.7%) $419,166 (-1.7%) 0.00 239
2023-05-01 $345,975 (0.1%) $433,467 (-0.1%) 0.00 254
2023-06-01 $349,975 (2.0%) $438,431 (0.6%) 0.00 261
2023-07-01 $377,450 (7.8%) $456,938 (0.7%) 0.00 252
2023-08-01 $373,425 (6.0%) $456,962 (3.6%) 0.00 266
2023-09-01 $375,000 (7.9%) $458,136 (6.5%) 0.00 261
2023-10-01 $374,900 (7.1%) $453,956 (5.2%) 0.00 273
2023-11-01 $372,075 (6.3%) $439,843 (2.2%) 0.00 280
2023-12-01 $367,000 (4.9%) $439,327 (0.0%) 0.00 275
Crossville's median listing price for 2023-12-01 was $367,000, a difference of $17,100 (4.9%) versus the prior year and $-5,075 versus the prior month.

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

Crossville's average listing price for 2023-12-01 was $439,327, a difference of $-102 (0.0%) versus the prior year and $-516 versus the prior month.

For the 2023-12-01 period, Crossville had 275 MLS listings, a difference of -5 listings (-2%) versus the prior month and 10 listings (4%) 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 1,843 sqft
2018-02-01 0 days 1,866 sqft
2018-03-01 0 days 1,893 sqft
2018-04-01 0 days 1,898 sqft
2018-05-01 0 days 1,917 sqft
2018-06-01 0 days 1,928 sqft
2018-07-01 0 days 1,934 sqft
2018-08-01 0 days 1,902 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 1,836 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
2022-12-01 0 days 1,846 sqft
2023-01-01 0 days 1,807 sqft
2023-02-01 0 days 1,753 sqft
2023-03-01 0 days 1,755 sqft
2023-04-01 0 days 1,756 sqft
2023-05-01 0 days 1,717 sqft
2023-06-01 0 days 1,716 sqft
2023-07-01 0 days 1,750 sqft
2023-08-01 0 days 1,734 sqft
2023-09-01 0 days 1,755 sqft
2023-10-01 0 days 1,779 sqft
2023-11-01 0 days 1,739 sqft
2023-12-01 0 days 1,758 sqft
Crossville's median listing age (time on market) for 2023-12-01 was 0 days.

Crossville's median square footage for active listings during the 2023-12-01 period was 1,758 sqft. One year prior, the average listing was 1,846 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.