Fernley VA Loan Rates, Closing Costs & Stats

Fernley, NV

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    • 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.

    Fernley's 65 lenders originated 339 VA loans during 2024. The total origination value was $128,785,000, with an average VA loan value of $379,897.

    Fernley VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fernley averaged -0.02% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Fernley's average VA mortgage closing costs are $7,153.

    The average rate for the prior week (2025-06-13) was 6.53% and one month ago for the week of 2025-05-16, the average rate was 6.29%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.22%.

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

    Fernley 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 Fernley level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 52 6.31% $5,376
    DHI MORTGAGE COMPANY, LTD. 49 5.22% $7,408
    UNITED WHOLESALE MORTGAGE, LLC 30 5.92% $9,284
    GUILD MORTGAGE COMPANY 27 6.34% $14,372
    FREEDOM MORTGAGE CORPORATION 14 6.05% $7,604
    QUICKEN LOANS, LLC 13 5.77% $12,090
    PENNYMAC LOAN SERVICES, LLC 11 5.61% $9,455
    BROKER SOLUTIONS, INC. 8 6.78% $11,175
    NEW DAY FINANCIAL, LLC 7 7.64% $15,351
    NEWREZ LLC 6 5.80% $5,655
    NAVY FEDERAL CREDIT UNION 6 5.98% $6,371
    VILLAGE CAPITAL MORTGAGE 6 5.58% $9,401
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 5.77% $23,237
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.19% $12,057
    Barrington Bank & Trust Company, N.A. 4 6.75% $8,114
    ISERVE RESIDENTIAL LENDING, LLC 4 6.38% $11,294
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.53% $4,170
    TJC Mortgage, Inc. 4 6.75% $11,610
    LOANDEPOT.COM, LLC 4 6.03% $9,837
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.21% $5,244
    Gateway First Bank 3 6.29% $11,281
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 6.25% $14,930
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.38% $20,901
    CROSSCOUNTRY MORTGAGE, LLC 3 6.31% $6,310
    PLANET HOME LENDING, LLC 2 6.00% $7,805
    Ameris Bank 2 5.50% $6,077
    AXIA FINANCIAL, LLC 2 6.00% $8,259
    CANOPY MORTGAGE, LLC 2 5.81% $25,785
    Equity Prime Mortgage LLC 2 6.19% $11,861
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.94% $9,206
    GREATER NEVADA LLC 2 6.19% $13,063
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.50% $17,191
    Plains Commerce Bank 2 5.94% $4,716
    The Federal Savings Bank 2 6.25% $16,782
    U.S. Bank 2 5.18% $4,167
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $5,004
    ML Mortgage Corp. 1 6.25% $13,932
    DATA MORTGAGE, INC. 1 5.75% $9,785
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $6,235
    MOVEMENT MORTGAGE, LLC 1 6.75% $3,377
    Cornerstone First Mortgage, Inc 1 5.13% $4,393
    CMG MORTGAGE, INC. 1 5.88% $4,665
    Century Mortgage Company DBA Century Lending Company 1 6.75% $0
    Carrington Mortgage Services, LLC 1 5.75% $11,953
    OCMBC, INC. 1 6.25% $8,328
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.75% $18,566
    BAY-VALLEY MORTGAGE GROUP 1 6.75% $1,519
    USAA Federal Savings Bank 1 5.75% $5,218
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $9,605
    PLAZA HOME MORTGAGE, INC. 1 5.99% $9,585
    PREMIA MORTGAGE, LLC 1 5.38% $15,555
    Bank of England 1 6.75% $3,304
    Armed Forces Bank 1 6.75% $10,939
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $13,290
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $8,844
    Sierra Pacific Mortgage Company, Inc. 1 6.50% $9,330
    The Central Trust Bank 1 6.75% $6,268
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $13,490
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.99% $4,892
    UNION HOME MORTGAGE CORP. 1 6.00% $23,710
    UNITED 1 5.75% $14,124
    INTELLILOAN, INC. 1 6.38% $1,458
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $8,215
    EAGLE HOME MORTGAGE, LLC 1 4.50% $4,249
    LOANPAL, LLC 1 4.75% $24,054

    The top Fernley VA lender as defined by loan originations is Mortgage Research Center, LLC, with 52 VA loans originated. Their average total fees are $5,376, which is $2,032 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Fernley VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,376), DHI MORTGAGE COMPANY, LTD. ($7,408), FREEDOM MORTGAGE CORPORATION ($7,604), UNITED WHOLESALE MORTGAGE, LLC ($9,284) and PENNYMAC LOAN SERVICES, LLC ($9,455).

    The lowest rate Fernley VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.22%), PENNYMAC LOAN SERVICES, LLC (5.61%), QUICKEN LOANS, LLC (5.77%), UNITED WHOLESALE MORTGAGE, LLC (5.92%) and FREEDOM MORTGAGE CORPORATION (6.05%).

    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.