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 48 lenders originated 135 VA loans during 2023. The total origination value was $41,855,000, with an average VA loan value of $310,037.

Crossville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Crossville averaged 0.43% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Crossville's average VA mortgage closing costs are $5,433.

The average rate for the prior week (2024-11-22) was 6.4% and one month ago for the week of 2024-10-25, the average rate was 6.3%.

The average rate one year ago was 6.94%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 21 6.77% $4,376
PENNYMAC LOAN SERVICES, LLC 11 5.78% $6,083
QUICKEN LOANS, LLC 10 5.95% $11,982
VAN DYK MORTGAGE CORPORATION 7 7.16% $10,720
UNITED WHOLESALE MORTGAGE, LLC 6 6.06% $10,210
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.78% $3,375
NEW DAY FINANCIAL, LLC 4 7.21% $14,588
LOANDEPOT.COM, LLC 4 6.50% $18,389
Flagstar Bank, FSB 3 6.91% $3,481
MORTGAGE INVESTORS GROUP, INC. 3 6.79% $5,679
PENTAGON FEDERAL CREDIT UNION 3 5.58% $10,542
NAVY FEDERAL CREDIT UNION 3 6.13% $8,054
USAA Federal Savings Bank 3 5.75% $5,905
NEWREZ LLC 3 5.92% $9,674
FirstBank 2 6.13% $8,265
DAS Acquisition Company, LLC 2 7.25% $6,834
CMG MORTGAGE, INC. 2 6.00% $7,292
STOCKTON MORTGAGE CORPORATION 2 6.00% $14,505
Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $16,043
FIRST COMMUNITY MORTGAGE, INC. 2 6.06% $6,797
Shamrock Home Loans, Inc. 1 6.38% $6,497
SUMMIT FUNDING, INC. 1 7.25% $7,976
T2 FINANCIAL LLC 1 6.75% $6,425
TJC Mortgage, Inc. 1 6.25% $9,772
TOP FLITE FINANCIAL, INC. 1 7.25% $12,309
UNION HOME MORTGAGE CORP. 1 6.38% $19,746
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.38% $12,086
1ST SIGNATURE LENDING, LLC 1 6.88% $13,757
VILLAGE CAPITAL MORTGAGE 1 5.75% $4,976
ALAMEDA MORTGAGE CORPORATION 1 6.75% $8,709
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $1,996
AMERICAN FINANCING CORPORATION 1 7.25% $8,502
American National Bank 1 7.25% $6,334
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.75% $11,366
AmeriHome Mortgage Company, LLC 1 6.63% $6,599
COMPASS MORTGAGE, INC. 1 7.13% $24,980
CROSSCOUNTRY MORTGAGE, LLC 1 4.25% $3,342
EMBRACE HOME LOANS, INC. 1 6.25% $12,505
EVERETT FINANCIAL, INC. 1 7.13% $8,234
FREEDOM MORTGAGE CORPORATION 1 5.75% $26,759
GUARANTY MORTGAGE SERVICES, L.L.C. 1 6.75% $28,563
Legends Bank 1 4.99% $11,984
OCEANSIDE MORTGAGE COMPANY 1 6.13% $6,377
Plains Commerce Bank 1 6.00% $19,526
PLANET HOME LENDING, LLC 1 6.38% $15,677
Prosperity Home Mortgage, LLC 1 6.62% $24,683
Regions Bank 1 6.50% $12,607
RELIANCE FIRST CAPITAL, LLC 1 6.38% $16,107

The top Crossville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $4,376, which is $1,707 lower than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

The lowest fee Crossville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,376), PENNYMAC LOAN SERVICES, LLC ($6,083), QUICKEN LOANS, LLC ($11,982), .

The lowest rate Crossville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.78%), QUICKEN LOANS, LLC (5.95%), Mortgage Research Center, LLC (6.77%), .


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
2024-01-01 $369,200 (5.6%) $438,302 (0.0%) 0.00 266
2024-02-01 $367,725 (8.7%) $427,699 (1.2%) 0.00 271
2024-03-01 $374,900 (9.5%) $430,738 (4.4%) 0.00 298
2024-04-01 $374,450 (7.3%) $429,259 (2.4%) 0.00 320
2024-05-01 $378,000 (9.3%) $429,334 (-1.0%) 0.00 367
2024-06-01 $379,000 (8.3%) $435,233 (-0.7%) 0.00 382
2024-07-01 $384,750 (1.9%) $435,851 (-4.6%) 0.00 398
2024-08-01 $379,900 (1.7%) $441,058 (-3.5%) 0.00 413
2024-09-01 $379,000 (1.1%) $445,155 (-2.8%) 0.00 425
2024-10-01 $383,450 (2.3%) $454,389 (0.1%) 0.00 457
Crossville's median listing price for 2024-10-01 was $383,450, a difference of $8,550 (2.3%) versus the prior year and $4,450 versus the prior month.

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

Crossville's average listing price for 2024-10-01 was $454,389, a difference of $433 (0.1%) versus the prior year and $9,234 versus the prior month.

For the 2024-10-01 period, Crossville had 457 MLS listings, a difference of 32 listings (8%) versus the prior month and 184 listings (67%) 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
2024-01-01 0 days 1,708 sqft
2024-02-01 0 days 1,713 sqft
2024-03-01 0 days 1,722 sqft
2024-04-01 0 days 1,768 sqft
2024-05-01 0 days 1,769 sqft
2024-06-01 0 days 1,776 sqft
2024-07-01 0 days 1,786 sqft
2024-08-01 0 days 1,760 sqft
2024-09-01 0 days 1,787 sqft
2024-10-01 0 days 1,782 sqft
Crossville's median listing age (time on market) for 2024-10-01 was 0 days.

Crossville's median square footage for active listings during the 2024-10-01 period was 1,782 sqft. One year prior, the average listing was 1,779 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.