Greeneville VA Loan Rates, Closing Costs & Stats

Greeneville, TN

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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.

    Greeneville's 46 lenders originated 139 VA loans during 2023. The total origination value was $39,945,000, with an average VA loan value of $287,374.

    Greeneville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greeneville averaged 6.68% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Greeneville's average VA mortgage closing costs are $5,190.

    The average rate for the prior week (2024-07-12) was 6.52% and one month ago for the week of 2024-06-14, the average rate was 6.48%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.3%.

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

    Greeneville 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 Greeneville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 33 6.78% $5,612
    UNITED WHOLESALE MORTGAGE, LLC 12 6.29% $7,519
    QUICKEN LOANS, LLC 10 6.33% $8,809
    MOVEMENT MORTGAGE, LLC 6 6.98% $6,199
    NAVY FEDERAL CREDIT UNION 5 5.70% $6,896
    UNION HOME MORTGAGE CORP. 5 6.00% $14,095
    MORTGAGE INVESTORS GROUP, INC. 4 6.12% $3,954
    DHI MORTGAGE COMPANY, LTD. 4 5.62% $5,042
    USAA Federal Savings Bank 4 6.25% $4,520
    The Federal Savings Bank 3 7.42% $5,132
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.04% $7,073
    GVC MORTGAGE, INC. 3 6.00% $2,730
    FIRST COMMUNITY MORTGAGE, INC. 2 6.38% $7,716
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.13% $13,723
    Citizens Bank 2 6.44% $7,148
    Equity Prime Mortgage LLC 2 7.56% $2,502
    NEW DAY FINANCIAL, LLC 2 7.38% $21,509
    PENNYMAC LOAN SERVICES, LLC 2 5.81% $11,999
    ROSS MORTGAGE CORPORATION 2 7.00% $11,976
    Sierra Pacific Mortgage Company, Inc. 2 7.13% $14,242
    VAN DYK MORTGAGE CORPORATION 2 6.63% $5,947
    VILLAGE CAPITAL MORTGAGE 2 6.00% $6,523
    INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $1,982
    Mid-Continent Funding, Inc. 1 5.50% $13,473
    MORTGAGE ACCESS CORP. 1 5.88% $10,607
    Countybank 1 6.63% $3,381
    MORTGAGEONE, INC. 1 6.25% $1,079
    CORNERSTONE HOME LENDING, INC. 1 6.25% $13,082
    Community First National Bank 1 7.13% $7,412
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $4,647
    CMG MORTGAGE, INC. 1 6.50% $16,360
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $9,890
    Paramount Residential Mortgage Group, Inc. 1 6.75% $7,762
    American Mortgage & Equity Consultants, Inc. 1 7.63% $6,236
    PLANET HOME LENDING, LLC 1 5.75% $8,001
    CARDINAL FINANCIAL 1 5.75% $13,530
    U.S. Bank 1 7.25% $8,152
    VERITAS FUNDING, LLC 1 6.75% $8,394
    Barrington Bank & Trust Company, N.A. 1 6.25% $6,738
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $16,072
    EVERETT FINANCIAL, INC. 1 7.13% $400
    EMM LOANS LLC 1 6.25% $15,441
    ALAMEDA MORTGAGE CORPORATION 1 8.25% $5,246
    Flagstar Bank, FSB 1 6.13% $14,520
    FREEDOM MORTGAGE CORPORATION 1 6.25% $21,678
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,281

    The top Greeneville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 33 VA loans originated. Their average total fees are $5,612, which is $1,907 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Greeneville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,612), UNITED WHOLESALE MORTGAGE, LLC ($7,519), QUICKEN LOANS, LLC ($8,809), .

    The lowest rate Greeneville VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.29%), QUICKEN LOANS, LLC (6.33%), Mortgage Research Center, LLC (6.78%), .

    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.