Dyersburg VA Loan Rates, Closing Costs & Stats

Dyersburg, 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.

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 6.03% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

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

The average rate for the prior week (2024-10-04) was 5.5% and one month ago for the week of 2024-09-06, the average rate was 5.59%.

The average rate one year ago was 7.16%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.05%.

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
Dyersburg's median listing price for 2024-09-01 was $229,675, a difference of $14,725 (6.9%) versus the prior year and $-225 versus the prior month.

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

Dyersburg's average listing price for 2024-09-01 was $252,644, a difference of $30,217 (13.6%) versus the prior year and $4,246 versus the prior month.

For the 2024-09-01 period, Dyersburg had 81 MLS listings, a difference of 1 listings (1%) versus the prior month and 10 listings (14%) 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
Dyersburg's median listing age (time on market) for 2024-09-01 was 0 days.

Dyersburg's median square footage for active listings during the 2024-09-01 period was 1,695 sqft. One year prior, the average listing was 1,869 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.