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 7.24% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 7.07% and one month ago for the week of 2024-03-15, the average rate was 6.53%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greeneville (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 $179,900 (19.9%) $259,815 (17.0%) 0.00 265
    2018-02-01 $179,950 (20.1%) $271,331 (19.2%) 0.00 258
    2018-03-01 $189,900 (23.5%) $268,117 (11.3%) 0.00 253
    2018-04-01 $186,450 (13.1%) $261,846 (5.4%) 0.00 256
    2018-05-01 $189,925 (8.6%) $264,260 (3.8%) 0.00 266
    2018-06-01 $179,900 (4.9%) $253,554 (2.5%) 0.00 284
    2018-07-01 $178,675 (-2.0%) $251,808 (0.9%) 0.00 292
    2018-08-01 $179,900 (1.4%) $250,184 (1.5%) 0.00 296
    2018-09-01 $179,900 (2.9%) $248,359 (1.7%) 0.00 305
    2018-10-01 $171,400 (-2.2%) $235,734 (-5.5%) 0.00 293
    2018-11-01 $169,900 (-5.6%) $231,429 (-10.1%) 0.00 291
    2018-12-01 $169,900 (-5.3%) $233,540 (-10.2%) 0.00 275
    2019-01-01 $169,900 (-5.6%) $235,543 (-9.3%) 0.00 262
    2019-02-01 $165,575 (-8.0%) $231,885 (-14.5%) 0.00 269
    2019-03-01 $178,471 (-6.0%) $243,374 (-9.2%) 0.00 263
    2019-04-01 $194,449 (4.3%) $258,073 (-1.4%) 0.00 252
    2019-05-01 $198,000 (4.3%) $254,077 (-3.9%) 0.00 256
    2019-06-01 $207,450 (15.3%) $262,858 (3.7%) 0.00 258
    2019-07-01 $209,900 (17.5%) $262,661 (4.3%) 0.00 251
    2019-08-01 $194,445 (8.1%) $256,054 (2.4%) 0.00 254
    2019-09-01 $186,264 (3.5%) $250,690 (0.9%) 0.00 253
    2019-10-01 $182,059 (6.2%) $246,834 (4.7%) 0.00 252
    2019-11-01 $184,900 (8.8%) $250,799 (8.4%) 0.00 248
    2019-12-01 $184,925 (8.8%) $256,300 (9.8%) 0.00 235
    2020-01-01 $184,950 (8.9%) $257,200 (9.2%) 0.00 210
    2020-02-01 $209,900 (26.8%) $260,457 (12.3%) 0.00 203
    2020-03-01 $225,550 (26.4%) $283,798 (16.6%) 0.00 167
    2020-04-01 $239,950 (23.4%) $313,772 (21.6%) 0.00 161
    2020-05-01 $248,900 (25.7%) $319,164 (25.6%) 0.00 141
    2020-06-01 $247,425 (19.3%) $323,810 (23.2%) 0.00 133
    2020-07-01 $242,175 (15.4%) $315,434 (20.1%) 0.00 114
    2020-08-01 $234,900 (20.8%) $313,255 (22.3%) 0.00 113
    2020-09-01 $233,750 (25.5%) $320,170 (27.7%) 0.00 92
    2020-10-01 $234,500 (28.8%) $324,516 (31.5%) 0.00 96
    2020-11-01 $244,900 (32.5%) $321,246 (28.1%) 0.00 105
    2020-12-01 $229,900 (24.3%) $330,662 (29.0%) 0.00 100
    2021-01-01 $229,900 (24.3%) $329,389 (28.1%) 0.00 98
    2021-02-01 $288,100 (37.3%) $390,912 (50.1%) 0.00 69
    2021-03-01 $278,550 (23.5%) $390,798 (37.7%) 0.00 65
    2021-04-01 $296,975 (23.8%) $421,639 (34.4%) 0.00 68
    2021-05-01 $271,000 (8.9%) $397,234 (24.5%) 0.00 89
    2021-06-01 $296,800 (20.0%) $423,302 (30.7%) 0.00 98
    2021-07-01 $299,900 (23.8%) $418,060 (32.5%) 0.00 114
    2021-08-01 $284,900 (21.3%) $404,585 (29.2%) 0.00 108
    2021-09-01 $269,975 (15.5%) $382,778 (19.6%) 0.00 105
    2021-10-01 $249,900 (6.6%) $386,876 (19.2%) 0.00 107
    2021-11-01 $282,450 (15.3%) $384,082 (19.6%) 0.00 100
    2021-12-01 $256,950 (11.8%) $404,021 (22.2%) 0.00 83
    2022-01-01 $304,450 (32.4%) $424,356 (28.8%) 0.00 69
    2022-02-01 $346,175 (20.2%) $453,172 (15.9%) 0.00 62
    2022-03-01 $361,200 (29.7%) $475,879 (21.8%) 0.00 56
    2022-04-01 $329,900 (11.1%) $422,408 (0.2%) 0.00 61
    2022-05-01 $289,450 (6.8%) $379,216 (-4.5%) 0.00 77
    2022-06-01 $333,725 (12.4%) $406,723 (-3.9%) 0.00 92
    2022-07-01 $334,950 (11.7%) $406,160 (-2.9%) 0.00 100
    2022-08-01 $339,475 (19.2%) $406,009 (0.4%) 0.00 109
    2022-09-01 $349,900 (29.6%) $404,597 (5.7%) 0.00 136
    2022-10-01 $348,450 (39.4%) $404,000 (4.4%) 0.00 152
    2022-11-01 $349,900 (23.9%) $398,965 (3.9%) 0.00 154
    2022-12-01 $349,900 (36.2%) $406,914 (0.7%) 0.00 148
    2023-01-01 $356,175 (17.0%) $420,045 (-1.0%) 0.00 143
    2023-02-01 $354,900 (2.5%) $433,592 (-4.3%) 0.00 124
    2023-03-01 $356,453 (-1.3%) $442,336 (-7.1%) 0.00 120
    2023-04-01 $369,900 (12.1%) $517,911 (22.6%) 0.00 117
    2023-05-01 $362,400 (25.2%) $493,689 (30.2%) 0.00 125
    2023-06-01 $365,925 (9.7%) $489,640 (20.4%) 0.00 143
    2023-07-01 $399,000 (19.1%) $524,369 (29.1%) 0.00 145
    2023-08-01 $388,725 (14.5%) $522,558 (28.7%) 0.00 156
    2023-09-01 $384,950 (10.0%) $552,188 (36.5%) 0.00 142
    2023-10-01 $349,900 (0.4%) $514,039 (27.2%) 0.00 149
    2023-11-01 $339,000 (-3.1%) $475,170 (19.1%) 0.00 152
    2023-12-01 $329,450 (-5.8%) $472,563 (16.1%) 0.00 154
    2024-01-01 $344,450 (-3.3%) $449,899 (7.1%) 0.00 133
    2024-02-01 $343,750 (-3.1%) $462,058 (6.6%) 0.00 118
    2024-03-01 $349,900 (-1.8%) $456,848 (3.3%) 0.00 128
    Greeneville's median listing price for 2024-03-01 was $349,900, a difference of $-6,553 (-1.8%) versus the prior year and $6,150 versus the prior month.

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

    Greeneville's average listing price for 2024-03-01 was $456,848, a difference of $14,512 (3.3%) versus the prior year and $-5,210 versus the prior month.

    For the 2024-03-01 period, Greeneville had 128 MLS listings, a difference of 10 listings (8%) versus the prior month and 8 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greeneville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,066 sqft
    2018-02-01 0 days 2,029 sqft
    2018-03-01 0 days 2,005 sqft
    2018-04-01 0 days 1,989 sqft
    2018-05-01 0 days 1,951 sqft
    2018-06-01 0 days 1,894 sqft
    2018-07-01 0 days 1,926 sqft
    2018-08-01 0 days 1,972 sqft
    2018-09-01 0 days 2,000 sqft
    2018-10-01 0 days 1,984 sqft
    2018-11-01 0 days 1,884 sqft
    2018-12-01 0 days 1,923 sqft
    2019-01-01 0 days 1,850 sqft
    2019-02-01 0 days 1,860 sqft
    2019-03-01 0 days 1,921 sqft
    2019-04-01 0 days 2,053 sqft
    2019-05-01 0 days 2,061 sqft
    2019-06-01 0 days 2,047 sqft
    2019-07-01 0 days 2,048 sqft
    2019-08-01 0 days 1,971 sqft
    2019-09-01 0 days 1,894 sqft
    2019-10-01 0 days 1,833 sqft
    2019-11-01 0 days 1,920 sqft
    2019-12-01 0 days 1,911 sqft
    2020-01-01 0 days 1,920 sqft
    2020-02-01 0 days 1,830 sqft
    2020-03-01 0 days 1,966 sqft
    2020-04-01 0 days 2,062 sqft
    2020-05-01 0 days 2,042 sqft
    2020-06-01 0 days 2,063 sqft
    2020-07-01 0 days 2,040 sqft
    2020-08-01 0 days 2,009 sqft
    2020-09-01 0 days 1,888 sqft
    2020-10-01 0 days 1,935 sqft
    2020-11-01 0 days 1,904 sqft
    2020-12-01 0 days 1,876 sqft
    2021-01-01 0 days 1,717 sqft
    2021-02-01 0 days 2,014 sqft
    2021-03-01 0 days 2,007 sqft
    2021-04-01 0 days 1,942 sqft
    2021-05-01 0 days 1,872 sqft
    2021-06-01 0 days 1,859 sqft
    2021-07-01 0 days 1,871 sqft
    2021-08-01 0 days 1,783 sqft
    2021-09-01 0 days 1,743 sqft
    2021-10-01 0 days 1,788 sqft
    2021-11-01 0 days 1,811 sqft
    2021-12-01 0 days 1,757 sqft
    2022-01-01 0 days 1,856 sqft
    2022-02-01 0 days 2,119 sqft
    2022-03-01 0 days 2,046 sqft
    2022-04-01 0 days 1,858 sqft
    2022-05-01 0 days 1,812 sqft
    2022-06-01 0 days 1,884 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,800 sqft
    2022-09-01 0 days 1,700 sqft
    2022-10-01 0 days 1,738 sqft
    2022-11-01 0 days 1,800 sqft
    2022-12-01 0 days 1,810 sqft
    2023-01-01 0 days 1,849 sqft
    2023-02-01 0 days 1,985 sqft
    2023-03-01 0 days 1,932 sqft
    2023-04-01 0 days 1,947 sqft
    2023-05-01 0 days 1,842 sqft
    2023-06-01 0 days 1,805 sqft
    2023-07-01 0 days 1,931 sqft
    2023-08-01 0 days 1,936 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,742 sqft
    2023-11-01 0 days 1,731 sqft
    2023-12-01 0 days 1,690 sqft
    2024-01-01 0 days 1,679 sqft
    2024-02-01 0 days 1,720 sqft
    2024-03-01 0 days 1,797 sqft
    Greeneville's median listing age (time on market) for 2024-03-01 was 0 days.

    Greeneville's median square footage for active listings during the 2024-03-01 period was 1,797 sqft. One year prior, the average listing was 1,932 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.