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 5.94% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.46% and one month ago for the week of 2025-02-28, the average rate was 6.04%.

    The average rate one year ago was 6.25%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.84%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fernley (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 $303,578 (13.4%) $378,413 (17.9%) 0.00 195
    2018-02-01 $310,950 (15.4%) $394,669 (18.9%) 0.00 163
    2018-03-01 $307,900 (10.7%) $389,243 (16.4%) 0.00 170
    2018-04-01 $312,104 (11.5%) $399,396 (12.9%) 0.00 164
    2018-05-01 $309,890 (3.9%) $398,655 (6.2%) 0.00 170
    2018-06-01 $302,450 (1.3%) $393,861 (5.8%) 0.00 189
    2018-07-01 $299,900 (-4.8%) $390,705 (2.6%) 0.00 215
    2018-08-01 $297,000 (-2.0%) $384,900 (3.0%) 0.00 219
    2018-09-01 $299,250 (0.1%) $373,931 (0.9%) 0.00 245
    2018-10-01 $298,500 (-0.4%) $356,183 (-3.4%) 0.00 248
    2018-11-01 $299,625 (1.6%) $354,725 (0.6%) 0.00 221
    2018-12-01 $300,000 (3.5%) $371,852 (3.7%) 0.00 208
    2019-01-01 $304,950 (0.5%) $370,293 (-2.2%) 0.00 197
    2019-02-01 $322,425 (3.7%) $378,583 (-4.1%) 0.00 191
    2019-03-01 $330,729 (7.4%) $387,162 (-0.5%) 0.00 200
    2019-04-01 $338,500 (8.5%) $396,962 (-0.6%) 0.00 212
    2019-05-01 $338,380 (9.2%) $387,663 (-2.8%) 0.00 234
    2019-06-01 $339,759 (12.3%) $387,102 (-1.7%) 0.00 240
    2019-07-01 $340,000 (13.4%) $383,466 (-1.9%) 0.00 267
    2019-08-01 $337,695 (13.7%) $379,837 (-1.3%) 0.00 269
    2019-09-01 $334,239 (11.7%) $376,545 (0.7%) 0.00 266
    2019-10-01 $332,580 (11.4%) $375,364 (5.4%) 0.00 262
    2019-11-01 $339,000 (13.1%) $384,322 (8.3%) 0.00 241
    2019-12-01 $334,250 (11.4%) $380,317 (2.3%) 0.00 217
    2020-01-01 $334,900 (9.8%) $383,125 (3.5%) 0.00 188
    2020-02-01 $340,000 (5.5%) $386,339 (2.1%) 0.00 183
    2020-03-01 $340,825 (3.1%) $389,000 (0.5%) 0.00 187
    2020-04-01 $329,975 (-2.5%) $380,850 (-4.1%) 0.00 203
    2020-05-01 $338,799 (0.1%) $398,957 (2.9%) 0.00 174
    2020-06-01 $351,225 (3.4%) $429,693 (11.0%) 0.00 161
    2020-07-01 $362,003 (6.5%) $430,266 (12.2%) 0.00 155
    2020-08-01 $364,900 (8.1%) $428,483 (12.8%) 0.00 134
    2020-09-01 $380,269 (13.8%) $450,941 (19.8%) 0.00 125
    2020-10-01 $359,900 (8.2%) $423,960 (13.0%) 0.00 120
    2020-11-01 $355,000 (4.7%) $431,449 (12.3%) 0.00 91
    2020-12-01 $347,537 (4.0%) $425,064 (11.8%) 0.00 74
    2021-01-01 $334,900 (0.0%) $426,023 (11.2%) 0.00 63
    2021-02-01 $352,500 (3.7%) $430,285 (11.4%) 0.00 47
    2021-03-01 $332,450 (-2.5%) $436,655 (12.3%) 0.00 46
    2021-04-01 $362,475 (9.9%) $421,360 (10.6%) 0.00 77
    2021-05-01 $386,950 (14.2%) $449,503 (12.7%) 0.00 71
    2021-06-01 $414,900 (18.1%) $481,592 (12.1%) 0.00 68
    2021-07-01 $416,200 (15.0%) $503,526 (17.0%) 0.00 73
    2021-08-01 $423,725 (16.1%) $492,547 (15.0%) 0.00 112
    2021-09-01 $427,500 (12.4%) $500,405 (11.0%) 0.00 118
    2021-10-01 $419,000 (16.4%) $483,274 (14.0%) 0.00 150
    2021-11-01 $418,750 (18.0%) $477,405 (10.7%) 0.00 155
    2021-12-01 $419,000 (20.6%) $497,695 (17.1%) 0.00 125
    2022-01-01 $419,900 (25.4%) $527,266 (23.8%) 0.00 108
    2022-02-01 $429,000 (21.7%) $534,931 (24.3%) 0.00 90
    2022-03-01 $433,450 (30.4%) $535,949 (22.7%) 0.00 88
    2022-04-01 $446,000 (23.0%) $547,972 (30.1%) 0.00 115
    2022-05-01 $453,225 (17.1%) $547,941 (21.9%) 0.00 152
    2022-06-01 $439,950 (6.0%) $519,450 (7.9%) 0.00 193
    2022-07-01 $442,500 (6.3%) $514,861 (2.3%) 0.00 254
    2022-08-01 $443,725 (4.7%) $504,173 (2.4%) 0.00 287
    2022-09-01 $430,241 (0.6%) $488,131 (-2.5%) 0.00 316
    2022-10-01 $425,000 (1.4%) $490,338 (1.5%) 0.00 304
    2022-11-01 $426,000 (1.7%) $490,839 (2.8%) 0.00 279
    2022-12-01 $415,000 (-1.0%) $463,883 (-6.8%) 0.00 247
    2023-01-01 $400,000 (-4.7%) $484,208 (-8.2%) 0.00 215
    2023-02-01 $423,426 (-1.3%) $496,685 (-7.2%) 0.00 188
    2023-03-01 $435,248 (0.4%) $505,042 (-5.8%) 0.00 164
    2023-04-01 $430,000 (-3.6%) $515,834 (-5.9%) 0.00 147
    2023-05-01 $436,747 (-3.6%) $516,932 (-5.7%) 0.00 147
    2023-06-01 $438,725 (-0.3%) $487,820 (-6.1%) 0.00 153
    2023-07-01 $447,500 (1.1%) $494,372 (-4.0%) 0.00 160
    2023-08-01 $439,923 (-0.9%) $494,380 (-1.9%) 0.00 162
    2023-09-01 $444,900 (3.4%) $503,804 (3.2%) 0.00 191
    2023-10-01 $435,250 (2.4%) $498,858 (1.7%) 0.00 187
    2023-11-01 $445,000 (4.5%) $497,395 (1.3%) 0.00 188
    2023-12-01 $435,000 (4.8%) $493,950 (6.5%) 0.00 166
    2024-01-01 $446,074 (11.5%) $500,223 (3.3%) 0.00 149
    2024-02-01 $447,245 (5.6%) $502,440 (1.2%) 0.00 140
    2024-03-01 $445,079 (2.3%) $500,436 (-0.9%) 0.00 146
    2024-04-01 $436,225 (1.5%) $485,683 (-5.9%) 0.00 133
    2024-05-01 $449,000 (2.8%) $504,146 (-2.5%) 0.00 157
    2024-06-01 $435,250 (-0.8%) $493,229 (1.1%) 0.00 189
    2024-07-01 $439,950 (-1.7%) $498,678 (0.9%) 0.00 208
    2024-08-01 $449,975 (2.3%) $511,388 (3.4%) 0.00 217
    2024-09-01 $446,495 (0.4%) $527,860 (4.8%) 0.00 201
    2024-10-01 $452,438 (4.0%) $531,205 (6.5%) 0.00 218
    2024-11-01 $449,925 (1.1%) $512,269 (3.0%) 0.00 201
    2024-12-01 $447,500 (2.9%) $510,165 (3.3%) 0.00 171
    Fernley's median listing price for 2024-12-01 was $447,500, a difference of $12,500 (2.9%) versus the prior year and $-2,425 versus the prior month.

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

    Fernley's average listing price for 2024-12-01 was $510,165, a difference of $16,215 (3.3%) versus the prior year and $-2,104 versus the prior month.

    For the 2024-12-01 period, Fernley had 171 MLS listings, a difference of -30 listings (-15%) versus the prior month and 5 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fernley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,930 sqft
    2018-02-01 0 days 1,997 sqft
    2018-03-01 0 days 1,930 sqft
    2018-04-01 0 days 1,930 sqft
    2018-05-01 0 days 1,912 sqft
    2018-06-01 0 days 1,850 sqft
    2018-07-01 0 days 1,826 sqft
    2018-08-01 0 days 1,822 sqft
    2018-09-01 0 days 1,815 sqft
    2018-10-01 0 days 1,825 sqft
    2018-11-01 0 days 1,830 sqft
    2018-12-01 0 days 1,844 sqft
    2019-01-01 0 days 1,832 sqft
    2019-02-01 0 days 1,876 sqft
    2019-03-01 0 days 1,891 sqft
    2019-04-01 0 days 1,915 sqft
    2019-05-01 0 days 1,887 sqft
    2019-06-01 0 days 1,912 sqft
    2019-07-01 0 days 1,906 sqft
    2019-08-01 0 days 1,880 sqft
    2019-09-01 0 days 1,841 sqft
    2019-10-01 0 days 1,814 sqft
    2019-11-01 0 days 1,877 sqft
    2019-12-01 0 days 1,870 sqft
    2020-01-01 0 days 1,837 sqft
    2020-02-01 0 days 1,835 sqft
    2020-03-01 0 days 1,870 sqft
    2020-04-01 0 days 1,795 sqft
    2020-05-01 0 days 1,814 sqft
    2020-06-01 0 days 1,917 sqft
    2020-07-01 0 days 1,946 sqft
    2020-08-01 0 days 1,864 sqft
    2020-09-01 0 days 1,968 sqft
    2020-10-01 0 days 1,860 sqft
    2020-11-01 0 days 1,800 sqft
    2020-12-01 0 days 1,752 sqft
    2021-01-01 0 days 1,663 sqft
    2021-02-01 0 days 1,665 sqft
    2021-03-01 0 days 1,606 sqft
    2021-04-01 0 days 1,675 sqft
    2021-05-01 0 days 1,708 sqft
    2021-06-01 0 days 1,824 sqft
    2021-07-01 0 days 1,844 sqft
    2021-08-01 0 days 1,838 sqft
    2021-09-01 0 days 1,903 sqft
    2021-10-01 0 days 1,786 sqft
    2021-11-01 0 days 1,749 sqft
    2021-12-01 0 days 1,747 sqft
    2022-01-01 0 days 1,750 sqft
    2022-02-01 0 days 1,718 sqft
    2022-03-01 0 days 1,713 sqft
    2022-04-01 0 days 1,768 sqft
    2022-05-01 0 days 1,851 sqft
    2022-06-01 0 days 1,821 sqft
    2022-07-01 0 days 1,846 sqft
    2022-08-01 0 days 1,814 sqft
    2022-09-01 0 days 1,749 sqft
    2022-10-01 0 days 1,749 sqft
    2022-11-01 0 days 1,786 sqft
    2022-12-01 0 days 1,755 sqft
    2023-01-01 0 days 1,753 sqft
    2023-02-01 0 days 1,797 sqft
    2023-03-01 0 days 1,807 sqft
    2023-04-01 0 days 1,797 sqft
    2023-05-01 0 days 1,802 sqft
    2023-06-01 0 days 1,825 sqft
    2023-07-01 0 days 1,850 sqft
    2023-08-01 0 days 1,823 sqft
    2023-09-01 0 days 1,839 sqft
    2023-10-01 0 days 1,834 sqft
    2023-11-01 0 days 1,817 sqft
    2023-12-01 0 days 1,911 sqft
    2024-01-01 0 days 1,905 sqft
    2024-02-01 0 days 1,932 sqft
    2024-03-01 0 days 1,903 sqft
    2024-04-01 0 days 1,872 sqft
    2024-05-01 0 days 1,856 sqft
    2024-06-01 0 days 1,815 sqft
    2024-07-01 0 days 1,781 sqft
    2024-08-01 0 days 1,815 sqft
    2024-09-01 0 days 1,820 sqft
    2024-10-01 0 days 1,828 sqft
    2024-11-01 0 days 1,844 sqft
    2024-12-01 0 days 1,816 sqft
    Fernley's median listing age (time on market) for 2024-12-01 was 0 days.

    Fernley's median square footage for active listings during the 2024-12-01 period was 1,816 sqft. One year prior, the average listing was 1,911 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.