Dyersburg VA Loan Rates, Closing Costs & Stats

Dyersburg, TN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 56 VA loans during 2024. The total origination value was $12,740,000, with an average VA loan value of $227,500.

    Dyersburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dyersburg averaged 0.66% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Dyersburg's average VA mortgage closing costs are $4,657.

    The average rate for the prior week (2025-06-13) was 7.01% and one month ago for the week of 2025-05-16, the average rate was 6.97%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.1%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 16 6.44% $4,016
    BancorpSouth 4 6.00% $4,467
    QUICKEN LOANS, LLC 3 6.25% $8,120
    UNITED WHOLESALE MORTGAGE, LLC 3 5.92% $7,919
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $549
    NAVY FEDERAL CREDIT UNION 3 6.29% $4,720
    Regions Bank 3 6.50% $7,383
    Leaders Credit Union 2 6.25% $4,099
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $8,754
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $5,865
    USAA Federal Savings Bank 1 6.50% $3,456
    FirstBank 1 6.50% $5,133
    First Citizens National Bank 1 6.13% $3,110
    FREEDOM MORTGAGE CORPORATION 1 6.75% $11,644
    Barrington Bank & Trust Company, N.A. 1 6.75% $5,350
    NEW DAY FINANCIAL, LLC 1 7.25% $11,151
    PLANET HOME LENDING, LLC 1 5.49% $3,212

    The top Dyersburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $4,016, which is $451 lower than the next largest lender, BancorpSouth.

    The lowest fee Dyersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,016), .

    The lowest rate Dyersburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.44%), .

    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.