Dyersburg VA Loan Rates, Closing Costs & Stats

Dyersburg, TN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Dyersburg's 17 lenders originated 39 VA loans during 2023. The total origination value was $8,555,000, with an average VA loan value of $219,359.

    Dyersburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dyersburg averaged 6.26% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Dyersburg's average VA mortgage closing costs are $4,574.

    The average rate for the prior week (2024-12-06) was 6.09% and one month ago for the week of 2024-11-08, the average rate was 6.59%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

    Dyersburg 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 Dyersburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.99% $3,300
    QUICKEN LOANS, LLC 5 6.53% $10,016
    Regions Bank 4 6.00% $5,631
    PENNYMAC LOAN SERVICES, LLC 3 5.75% $6,618
    NEW DAY FINANCIAL, LLC 2 7.63% $5,649
    UNITED WHOLESALE MORTGAGE, LLC 2 5.81% $8,315
    Legacy Home Loans, LLC 1 6.63% $8,800
    Patriot Bank 1 6.88% $3,927
    Simmons Bank 1 6.75% $158
    The Federal Savings Bank 1 7.38% $10,262
    ACADEMY MORTGAGE CORPORATION 1 6.63% $3,600
    USAA Federal Savings Bank 1 6.13% $13,069
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $738
    Barrington Bank & Trust Company, N.A. 1 6.25% $5,626
    FirstBank 1 6.99% $695
    FREEDOM MORTGAGE CORPORATION 1 6.75% $11,434
    Leaders Credit Union 1 5.50% $11,222

    The top Dyersburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $3,300, which is $6,716 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Dyersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,300), .

    The lowest rate Dyersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.99%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dyersburg (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 $115,500 (-11.5%) $141,566 (-6.0%) 0.00 111
    2018-02-01 $112,425 (-13.3%) $144,130 (-5.3%) 0.00 110
    2018-03-01 $118,500 (-8.8%) $145,600 (-5.9%) 0.00 102
    2018-04-01 $127,400 (-5.3%) $152,310 (-0.2%) 0.00 117
    2018-05-01 $126,700 (-5.2%) $154,104 (-0.4%) 0.00 130
    2018-06-01 $133,500 (-4.3%) $162,459 (1.4%) 0.00 131
    2018-07-01 $133,500 (2.8%) $157,814 (2.9%) 0.00 133
    2018-08-01 $132,450 (4.0%) $154,272 (3.5%) 0.00 135
    2018-09-01 $136,700 (9.8%) $155,215 (5.6%) 0.00 140
    2018-10-01 $148,650 (22.7%) $165,813 (15.2%) 0.00 137
    2018-11-01 $136,000 (13.4%) $159,651 (10.7%) 0.00 141
    2018-12-01 $138,000 (17.0%) $160,570 (10.4%) 0.00 133
    2019-01-01 $139,900 (21.1%) $161,815 (14.3%) 0.00 121
    2019-02-01 $144,200 (28.3%) $165,088 (14.5%) 0.00 119
    2019-03-01 $154,186 (30.1%) $168,642 (15.8%) 0.00 115
    2019-04-01 $159,900 (25.5%) $169,778 (11.5%) 0.00 119
    2019-05-01 $157,400 (24.2%) $172,385 (11.9%) 0.00 122
    2019-06-01 $154,700 (15.9%) $173,422 (6.8%) 0.00 114
    2019-07-01 $134,975 (1.1%) $164,315 (4.1%) 0.00 105
    2019-08-01 $139,091 (5.0%) $162,871 (5.6%) 0.00 104
    2019-09-01 $145,227 (6.2%) $160,657 (3.5%) 0.00 104
    2019-10-01 $150,000 (0.9%) $159,439 (-3.8%) 0.00 106
    2019-11-01 $154,900 (13.9%) $165,472 (3.7%) 0.00 100
    2019-12-01 $152,425 (10.5%) $168,804 (5.1%) 0.00 86
    2020-01-01 $149,900 (7.2%) $164,682 (1.8%) 0.00 89
    2020-02-01 $138,700 (-3.8%) $155,846 (-5.6%) 0.00 80
    2020-03-01 $143,000 (-7.3%) $150,409 (-10.8%) 0.00 80
    2020-04-01 $148,950 (-6.9%) $156,599 (-7.8%) 0.00 77
    2020-05-01 $149,250 (-5.2%) $161,292 (-6.4%) 0.00 80
    2020-06-01 $164,550 (6.4%) $178,677 (3.0%) 0.00 62
    2020-07-01 $161,450 (19.6%) $171,369 (4.3%) 0.00 62
    2020-08-01 $131,200 (-5.7%) $165,520 (1.6%) 0.00 59
    2020-09-01 $132,450 (-8.8%) $164,942 (2.7%) 0.00 39
    2020-10-01 $117,400 (-21.7%) $145,814 (-8.6%) 0.00 36
    2020-11-01 $119,000 (-23.2%) $151,340 (-8.5%) 0.00 39
    2020-12-01 $107,250 (-29.6%) $151,791 (-10.1%) 0.00 38
    2021-01-01 $104,950 (-30.0%) $138,903 (-15.7%) 0.00 34
    2021-02-01 $94,500 (-31.9%) $126,282 (-19.0%) 0.00 38
    2021-03-01 $78,000 (-45.5%) $130,358 (-13.3%) 0.00 32
    2021-04-01 $130,125 (-12.6%) $181,957 (16.2%) 0.00 27
    2021-05-01 $149,400 (0.1%) $213,950 (32.7%) 0.00 23
    2021-06-01 $134,450 (-18.3%) $188,250 (5.4%) 0.00 39
    2021-07-01 $139,900 (-13.4%) $188,666 (10.1%) 0.00 44
    2021-08-01 $139,500 (6.3%) $172,890 (4.5%) 0.00 53
    2021-09-01 $151,150 (14.1%) $177,651 (7.7%) 0.00 57
    2021-10-01 $154,900 (31.9%) $182,128 (24.9%) 0.00 48
    2021-11-01 $117,300 (-1.4%) $169,215 (11.8%) 0.00 50
    2021-12-01 $99,450 (-7.3%) $148,042 (-2.5%) 0.00 58
    2022-01-01 $85,000 (-19.0%) $135,140 (-2.7%) 0.00 48
    2022-02-01 $117,500 (24.3%) $153,827 (21.8%) 0.00 42
    2022-03-01 $136,175 (74.6%) $172,291 (32.2%) 0.00 37
    2022-04-01 $154,950 (19.1%) $184,703 (1.5%) 0.00 46
    2022-05-01 $171,950 (15.1%) $199,708 (-6.7%) 0.00 51
    2022-06-01 $158,450 (17.9%) $202,585 (7.6%) 0.00 49
    2022-07-01 $159,000 (13.7%) $215,137 (14.0%) 0.00 57
    2022-08-01 $198,650 (42.4%) $241,876 (39.9%) 0.00 68
    2022-09-01 $231,925 (53.4%) $254,783 (43.4%) 0.00 74
    2022-10-01 $239,500 (54.6%) $261,365 (43.5%) 0.00 70
    2022-11-01 $226,925 (93.5%) $253,377 (49.7%) 0.00 75
    2022-12-01 $247,250 (148.6%) $261,697 (76.8%) 0.00 71
    2023-01-01 $248,450 (192.3%) $255,585 (89.1%) 0.00 68
    2023-02-01 $238,950 (103.4%) $245,211 (59.4%) 0.00 54
    2023-03-01 $241,150 (77.1%) $239,532 (39.0%) 0.00 52
    2023-04-01 $226,200 (46.0%) $236,987 (28.3%) 0.00 53
    2023-05-01 $229,900 (33.7%) $236,862 (18.6%) 0.00 53
    2023-06-01 $235,975 (48.9%) $244,924 (20.9%) 0.00 65
    2023-07-01 $224,250 (41.0%) $254,703 (18.4%) 0.00 54
    2023-08-01 $232,300 (16.9%) $246,567 (1.9%) 0.00 62
    2023-09-01 $214,950 (-7.3%) $222,427 (-12.7%) 0.00 71
    2023-10-01 $197,975 (-17.3%) $215,769 (-17.5%) 0.00 70
    2023-11-01 $194,450 (-14.3%) $214,259 (-15.4%) 0.00 77
    2023-12-01 $184,900 (-25.2%) $221,346 (-15.4%) 0.00 80
    2024-01-01 $189,825 (-23.6%) $225,176 (-11.9%) 0.00 83
    2024-02-01 $198,975 (-16.7%) $226,582 (-7.6%) 0.00 69
    2024-03-01 $224,900 (-6.7%) $262,599 (9.6%) 0.00 67
    2024-04-01 $232,325 (2.7%) $257,581 (8.7%) 0.00 81
    2024-05-01 $237,975 (3.5%) $253,099 (6.9%) 0.00 79
    2024-06-01 $229,900 (-2.6%) $244,189 (-0.3%) 0.00 82
    2024-07-01 $232,450 (3.7%) $251,269 (-1.4%) 0.00 73
    2024-08-01 $229,900 (-1.0%) $248,398 (0.7%) 0.00 80
    2024-09-01 $229,675 (6.9%) $252,644 (13.6%) 0.00 81
    2024-10-01 $226,500 (14.4%) $246,279 (14.1%) 0.00 86
    2024-11-01 $229,900 (18.2%) $255,780 (19.4%) 0.00 71
    Dyersburg's median listing price for 2024-11-01 was $229,900, a difference of $35,450 (18.2%) versus the prior year and $3,400 versus the prior month.

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

    Dyersburg's average listing price for 2024-11-01 was $255,780, a difference of $41,521 (19.4%) versus the prior year and $9,501 versus the prior month.

    For the 2024-11-01 period, Dyersburg had 71 MLS listings, a difference of -15 listings (-17%) versus the prior month and -6 listings (-8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dyersburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,665 sqft
    2018-02-01 0 days 1,655 sqft
    2018-03-01 0 days 1,648 sqft
    2018-04-01 0 days 1,673 sqft
    2018-05-01 0 days 1,648 sqft
    2018-06-01 0 days 1,778 sqft
    2018-07-01 0 days 1,769 sqft
    2018-08-01 0 days 1,769 sqft
    2018-09-01 0 days 1,792 sqft
    2018-10-01 0 days 1,947 sqft
    2018-11-01 0 days 1,865 sqft
    2018-12-01 0 days 1,902 sqft
    2019-01-01 0 days 1,847 sqft
    2019-02-01 0 days 1,843 sqft
    2019-03-01 0 days 1,847 sqft
    2019-04-01 0 days 1,841 sqft
    2019-05-01 0 days 1,882 sqft
    2019-06-01 0 days 1,928 sqft
    2019-07-01 0 days 1,848 sqft
    2019-08-01 0 days 1,865 sqft
    2019-09-01 0 days 1,902 sqft
    2019-10-01 0 days 1,927 sqft
    2019-11-01 0 days 1,946 sqft
    2019-12-01 0 days 1,990 sqft
    2020-01-01 0 days 2,022 sqft
    2020-02-01 0 days 1,883 sqft
    2020-03-01 0 days 1,862 sqft
    2020-04-01 0 days 1,962 sqft
    2020-05-01 0 days 1,915 sqft
    2020-06-01 0 days 1,990 sqft
    2020-07-01 0 days 2,089 sqft
    2020-08-01 0 days 1,937 sqft
    2020-09-01 0 days 2,073 sqft
    2020-10-01 0 days 1,539 sqft
    2020-11-01 0 days 1,604 sqft
    2020-12-01 0 days 1,696 sqft
    2021-01-01 0 days 1,512 sqft
    2021-02-01 0 days 1,477 sqft
    2021-03-01 0 days 1,440 sqft
    2021-04-01 0 days 1,670 sqft
    2021-05-01 0 days 1,891 sqft
    2021-06-01 0 days 1,620 sqft
    2021-07-01 0 days 1,642 sqft
    2021-08-01 0 days 1,683 sqft
    2021-09-01 0 days 1,801 sqft
    2021-10-01 0 days 1,729 sqft
    2021-11-01 0 days 1,510 sqft
    2021-12-01 0 days 1,475 sqft
    2022-01-01 0 days 1,392 sqft
    2022-02-01 0 days 1,695 sqft
    2022-03-01 0 days 1,677 sqft
    2022-04-01 0 days 1,660 sqft
    2022-05-01 0 days 1,696 sqft
    2022-06-01 0 days 1,732 sqft
    2022-07-01 0 days 1,782 sqft
    2022-08-01 0 days 1,840 sqft
    2022-09-01 0 days 1,871 sqft
    2022-10-01 0 days 1,892 sqft
    2022-11-01 0 days 1,876 sqft
    2022-12-01 0 days 2,022 sqft
    2023-01-01 0 days 2,025 sqft
    2023-02-01 0 days 1,875 sqft
    2023-03-01 0 days 1,938 sqft
    2023-04-01 0 days 1,933 sqft
    2023-05-01 0 days 1,943 sqft
    2023-06-01 0 days 1,922 sqft
    2023-07-01 0 days 1,987 sqft
    2023-08-01 0 days 1,999 sqft
    2023-09-01 0 days 1,869 sqft
    2023-10-01 0 days 1,876 sqft
    2023-11-01 0 days 1,840 sqft
    2023-12-01 0 days 1,633 sqft
    2024-01-01 0 days 1,635 sqft
    2024-02-01 0 days 1,721 sqft
    2024-03-01 0 days 1,789 sqft
    2024-04-01 0 days 1,780 sqft
    2024-05-01 0 days 1,805 sqft
    2024-06-01 0 days 1,731 sqft
    2024-07-01 0 days 1,727 sqft
    2024-08-01 0 days 1,678 sqft
    2024-09-01 0 days 1,695 sqft
    2024-10-01 0 days 1,710 sqft
    2024-11-01 0 days 1,645 sqft
    Dyersburg's median listing age (time on market) for 2024-11-01 was 0 days.

    Dyersburg's median square footage for active listings during the 2024-11-01 period was 1,645 sqft. One year prior, the average listing was 1,840 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.