Jackson VA Loan Rates, Closing Costs & Stats

JACKSON, TN

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.

Jackson's 57 lenders originated 308 VA loans during 2024. The total origination value was $87,700,000, with an average VA loan value of $284,740.

Jackson VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Jackson averaged 6.48% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

Jackson's average VA mortgage closing costs are $5,349.

The average rate for the prior week (2025-04-04) was 6.32% and one month ago for the week of 2025-03-07, the average rate was 6.6%.

The average rate one year ago was 7.01%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.5%.

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

Jackson 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 Jackson level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 65 6.39% $4,275
UNITED WHOLESALE MORTGAGE, LLC 30 5.84% $7,766
QUICKEN LOANS, LLC 17 6.10% $9,496
FREEDOM MORTGAGE CORPORATION 17 6.04% $8,658
MORTGAGE INVESTORS GROUP, INC. 16 6.12% $5,567
USAA Federal Savings Bank 14 6.23% $4,623
Leaders Credit Union 10 6.39% $7,206
FIRST COMMUNITY MORTGAGE, INC. 10 5.72% $10,363
NAVY FEDERAL CREDIT UNION 9 5.78% $3,784
PENNYMAC LOAN SERVICES, LLC 9 5.73% $7,796
Regions Bank 8 6.86% $8,253
NEW DAY FINANCIAL, LLC 5 7.74% $11,148
Legends Bank 5 6.80% $5,604
NEWREZ LLC 4 6.16% $6,254
Barrington Bank & Trust Company, N.A. 4 6.25% $4,676
The First National Bank of Middle Tennessee 4 6.31% $9,065
RELIANCE FIRST CAPITAL, LLC 3 6.92% $4,717
Simmons Bank 3 6.04% $5,873
LOANDEPOT.COM, LLC 3 5.83% $8,251
CARDINAL FINANCIAL 3 6.58% $10,653
The Federal Savings Bank 3 6.13% $14,892
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.25% $2,216
PLANET HOME LENDING, LLC 3 5.71% $4,375
CMG MORTGAGE, INC. 3 6.63% $15,429
GUARANTEED RATE, INC. 3 5.68% $1,549
BancorpSouth 3 6.54% $7,937
VILLAGE CAPITAL MORTGAGE 3 5.50% $6,286
First Federal Bank 2 6.25% $1,675
UNION HOME MORTGAGE CORP. 2 6.69% $9,632
NFM, INC. 1 6.25% $6,763
AmeriHome Mortgage Company, LLC 1 6.63% $17,955
Bank of England 1 6.13% $8,461
Carrington Mortgage Services, LLC 1 5.13% $34,827
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $7,844
DELMAR FINANCIAL COMPANY 1 6.13% $4,853
Equity Prime Mortgage LLC 1 6.75% $9,836
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $11,399
Flagstar Bank, FSB 1 5.38% $13,651
Gateway First Bank 1 6.25% $21,961
Goldwater Bank, N.A. 1 7.13% $7,604
GUILD MORTGAGE COMPANY 1 6.13% $5,883
JPMorgan Chase Bank 1 6.25% $1,079
LAKEVIEW LOAN SERVICING, LLC 1 5.25% $11,269
LOANPAL, LLC 1 5.50% $12,835
MILEND, INC. 1 6.25% $10,602
MORTGAGE ACCESS CORP. 1 6.25% $7,499
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $6,426
American Mortgage & Equity Consultants, Inc. 1 6.75% $9,119
Paramount Residential Mortgage Group, Inc. 1 7.13% $13,826
PLAZA HOME MORTGAGE, INC. 1 5.63% $6,803
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $25,761
ROYAL UNITED MORTGAGE LLC 1 6.75% $7,300
SIRVA MORTGAGE, INC. 1 7.00% $0
Strong Home Mortgage, LLC 1 4.88% $14,189
Texana Bank 1 6.75% $21,142
US COMMUNITY 1 6.13% $5,883
Wells Fargo Bank 1 5.75% $12,930

The top Jackson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 65 VA loans originated. Their average total fees are $4,275, which is $3,492 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Jackson VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,275), USAA Federal Savings Bank ($4,623), MORTGAGE INVESTORS GROUP, INC. ($5,567), Leaders Credit Union ($7,206) and UNITED WHOLESALE MORTGAGE, LLC ($7,766).

The lowest rate Jackson VA lenders (with over 10 loans originated) are FIRST COMMUNITY MORTGAGE, INC. (5.72%), UNITED WHOLESALE MORTGAGE, LLC (5.84%), FREEDOM MORTGAGE CORPORATION (6.04%), QUICKEN LOANS, LLC (6.10%) and MORTGAGE INVESTORS GROUP, INC. (6.12%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Jackson (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 $129,900 (11.2%) $178,654 (12.8%) 0.00 657
2018-02-01 $126,900 (8.7%) $178,539 (13.5%) 0.00 652
2018-03-01 $133,000 (13.9%) $183,468 (16.0%) 0.00 644
2018-04-01 $132,400 (14.9%) $182,397 (16.5%) 0.00 598
2018-05-01 $133,750 (11.6%) $190,541 (17.9%) 0.00 603
2018-06-01 $134,900 (8.0%) $187,454 (14.0%) 0.00 623
2018-07-01 $139,450 (9.4%) $188,758 (13.3%) 0.00 650
2018-08-01 $143,700 (14.0%) $193,786 (16.1%) 0.00 679
2018-09-01 $140,000 (8.1%) $191,596 (9.6%) 0.00 695
2018-10-01 $136,225 (5.7%) $185,484 (4.2%) 0.00 726
2018-11-01 $139,450 (8.4%) $186,172 (5.5%) 0.00 712
2018-12-01 $137,500 (5.9%) $185,070 (3.6%) 0.00 638
2019-01-01 $139,900 (7.7%) $187,066 (4.7%) 0.00 581
2019-02-01 $142,450 (12.3%) $190,521 (6.7%) 0.00 540
2019-03-01 $148,186 (11.4%) $195,962 (6.8%) 0.00 532
2019-04-01 $153,438 (15.9%) $203,194 (11.4%) 0.00 533
2019-05-01 $165,525 (23.8%) $212,806 (11.7%) 0.00 531
2019-06-01 $164,900 (22.2%) $210,393 (12.2%) 0.00 556
2019-07-01 $152,675 (9.5%) $202,676 (7.4%) 0.00 583
2019-08-01 $145,055 (0.9%) $195,609 (0.9%) 0.00 599
2019-09-01 $148,961 (6.4%) $196,403 (2.5%) 0.00 608
2019-10-01 $150,566 (10.5%) $197,446 (6.5%) 0.00 614
2019-11-01 $155,400 (11.4%) $199,999 (7.4%) 0.00 586
2019-12-01 $157,400 (14.5%) $201,362 (8.8%) 0.00 504
2020-01-01 $150,000 (7.2%) $198,846 (6.3%) 0.00 483
2020-02-01 $157,400 (10.5%) $200,907 (5.5%) 0.00 440
2020-03-01 $160,000 (8.0%) $205,248 (4.7%) 0.00 457
2020-04-01 $165,150 (7.6%) $208,076 (2.4%) 0.00 463
2020-05-01 $168,900 (2.0%) $210,265 (-1.2%) 0.00 416
2020-06-01 $172,225 (4.4%) $219,256 (4.2%) 0.00 363
2020-07-01 $177,425 (16.2%) $223,532 (10.3%) 0.00 340
2020-08-01 $179,900 (24.0%) $225,700 (15.4%) 0.00 309
2020-09-01 $179,900 (20.8%) $233,354 (18.8%) 0.00 278
2020-10-01 $175,000 (16.2%) $236,615 (19.8%) 0.00 248
2020-11-01 $169,900 (9.3%) $239,191 (19.6%) 0.00 261
2020-12-01 $184,500 (17.2%) $250,931 (24.6%) 0.00 241
2021-01-01 $182,400 (21.6%) $263,285 (32.4%) 0.00 198
2021-02-01 $179,600 (14.1%) $273,387 (36.1%) 0.00 156
2021-03-01 $169,225 (5.8%) $248,708 (21.2%) 0.00 139
2021-04-01 $173,700 (5.2%) $245,756 (18.1%) 0.00 127
2021-05-01 $169,900 (0.6%) $260,591 (23.9%) 0.00 134
2021-06-01 $180,725 (4.9%) $269,887 (23.1%) 0.00 149
2021-07-01 $197,000 (11.0%) $266,873 (19.4%) 0.00 176
2021-08-01 $202,450 (12.5%) $262,817 (16.5%) 0.00 194
2021-09-01 $197,225 (9.6%) $257,074 (10.2%) 0.00 211
2021-10-01 $199,500 (14.0%) $259,297 (9.6%) 0.00 211
2021-11-01 $199,575 (17.5%) $262,741 (9.9%) 0.00 209
2021-12-01 $199,900 (8.4%) $257,069 (2.5%) 0.00 212
2022-01-01 $199,000 (9.1%) $260,417 (-1.1%) 0.00 187
2022-02-01 $182,325 (1.5%) $245,486 (-10.2%) 0.00 173
2022-03-01 $184,675 (9.1%) $244,403 (-1.7%) 0.00 163
2022-04-01 $199,900 (15.1%) $253,242 (3.1%) 0.00 171
2022-05-01 $229,750 (35.2%) $280,766 (7.7%) 0.00 180
2022-06-01 $224,950 (24.5%) $288,735 (7.0%) 0.00 229
2022-07-01 $240,000 (21.8%) $295,836 (10.9%) 0.00 292
2022-08-01 $249,075 (23.0%) $302,958 (15.3%) 0.00 299
2022-09-01 $263,675 (33.7%) $310,381 (20.7%) 0.00 341
2022-10-01 $269,000 (34.8%) $316,963 (22.2%) 0.00 365
2022-11-01 $264,900 (32.7%) $313,837 (19.5%) 0.00 371
2022-12-01 $264,900 (32.5%) $319,940 (24.5%) 0.00 351
2023-01-01 $269,475 (35.4%) $328,649 (26.2%) 0.00 338
2023-02-01 $274,900 (50.8%) $332,788 (35.6%) 0.00 309
2023-03-01 $293,950 (59.2%) $334,165 (36.7%) 0.00 303
2023-04-01 $295,000 (47.6%) $340,243 (34.4%) 0.00 291
2023-05-01 $300,450 (30.8%) $351,314 (25.1%) 0.00 280
2023-06-01 $309,675 (37.7%) $361,631 (25.3%) 0.00 294
2023-07-01 $299,950 (25.0%) $363,434 (22.9%) 0.00 319
2023-08-01 $298,950 (20.0%) $369,756 (22.1%) 0.00 312
2023-09-01 $299,000 (13.4%) $382,510 (23.2%) 0.00 314
2023-10-01 $294,350 (9.4%) $367,475 (15.9%) 0.00 376
2023-11-01 $289,900 (9.4%) $361,853 (15.3%) 0.00 386
2023-12-01 $289,900 (9.4%) $338,844 (5.9%) 0.00 397
2024-01-01 $285,150 (5.8%) $332,953 (1.3%) 0.00 384
2024-02-01 $287,400 (4.6%) $337,634 (1.5%) 0.00 369
2024-03-01 $297,900 (1.3%) $348,410 (4.3%) 0.00 377
2024-04-01 $299,900 (1.7%) $361,073 (6.1%) 0.00 405
2024-05-01 $301,475 (0.3%) $362,612 (3.2%) 0.00 423
2024-06-01 $299,900 (-3.2%) $359,488 (-0.6%) 0.00 450
2024-07-01 $299,900 (0.0%) $362,836 (-0.2%) 0.00 486
2024-08-01 $299,900 (0.3%) $363,960 (-1.6%) 0.00 511
2024-09-01 $296,225 (-0.9%) $352,828 (-7.8%) 0.00 582
2024-10-01 $289,900 (-1.5%) $354,979 (-3.4%) 0.00 575
2024-11-01 $284,580 (-1.8%) $370,273 (2.3%) 0.00 563
2024-12-01 $289,400 (-0.2%) $381,942 (12.7%) 0.00 527
2025-01-01 $289,995 (1.7%) $380,856 (14.4%) 0.00 516
2025-02-01 $289,400 (0.7%) $379,325 (12.4%) 0.00 528
2025-03-01 $299,900 (0.7%) $389,370 (11.8%) 0.00 535
Jackson's median listing price for 2025-03-01 was $299,900, a difference of $2,000 (0.7%) versus the prior year and $10,500 versus the prior month.

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

Jackson's average listing price for 2025-03-01 was $389,370, a difference of $40,960 (11.8%) versus the prior year and $10,045 versus the prior month.

For the 2025-03-01 period, Jackson had 535 MLS listings, a difference of 7 listings (1%) versus the prior month and 158 listings (42%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,865 sqft
2018-02-01 0 days 1,831 sqft
2018-03-01 0 days 1,880 sqft
2018-04-01 0 days 1,865 sqft
2018-05-01 0 days 1,891 sqft
2018-06-01 0 days 1,853 sqft
2018-07-01 0 days 1,869 sqft
2018-08-01 0 days 1,947 sqft
2018-09-01 0 days 1,979 sqft
2018-10-01 0 days 1,896 sqft
2018-11-01 0 days 1,888 sqft
2018-12-01 0 days 1,909 sqft
2019-01-01 0 days 1,882 sqft
2019-02-01 0 days 1,884 sqft
2019-03-01 0 days 1,891 sqft
2019-04-01 0 days 1,911 sqft
2019-05-01 0 days 2,016 sqft
2019-06-01 0 days 1,964 sqft
2019-07-01 0 days 1,912 sqft
2019-08-01 0 days 1,868 sqft
2019-09-01 0 days 1,861 sqft
2019-10-01 0 days 1,857 sqft
2019-11-01 0 days 1,893 sqft
2019-12-01 0 days 1,884 sqft
2020-01-01 0 days 1,859 sqft
2020-02-01 0 days 1,924 sqft
2020-03-01 0 days 1,915 sqft
2020-04-01 0 days 1,948 sqft
2020-05-01 0 days 1,950 sqft
2020-06-01 0 days 1,975 sqft
2020-07-01 0 days 1,998 sqft
2020-08-01 0 days 1,943 sqft
2020-09-01 0 days 1,959 sqft
2020-10-01 0 days 1,937 sqft
2020-11-01 0 days 1,980 sqft
2020-12-01 0 days 1,958 sqft
2021-01-01 0 days 1,950 sqft
2021-02-01 0 days 1,940 sqft
2021-03-01 0 days 1,779 sqft
2021-04-01 0 days 1,864 sqft
2021-05-01 0 days 1,852 sqft
2021-06-01 0 days 1,746 sqft
2021-07-01 0 days 1,821 sqft
2021-08-01 0 days 1,823 sqft
2021-09-01 0 days 1,822 sqft
2021-10-01 0 days 1,804 sqft
2021-11-01 0 days 1,741 sqft
2021-12-01 0 days 1,729 sqft
2022-01-01 0 days 1,718 sqft
2022-02-01 0 days 1,667 sqft
2022-03-01 0 days 1,682 sqft
2022-04-01 0 days 1,727 sqft
2022-05-01 0 days 1,753 sqft
2022-06-01 0 days 1,813 sqft
2022-07-01 0 days 1,900 sqft
2022-08-01 0 days 1,891 sqft
2022-09-01 0 days 1,890 sqft
2022-10-01 0 days 1,918 sqft
2022-11-01 0 days 1,992 sqft
2022-12-01 0 days 1,959 sqft
2023-01-01 0 days 1,927 sqft
2023-02-01 0 days 1,924 sqft
2023-03-01 0 days 1,980 sqft
2023-04-01 0 days 1,964 sqft
2023-05-01 0 days 1,983 sqft
2023-06-01 0 days 2,063 sqft
2023-07-01 0 days 2,061 sqft
2023-08-01 0 days 2,077 sqft
2023-09-01 0 days 2,000 sqft
2023-10-01 0 days 1,963 sqft
2023-11-01 0 days 1,932 sqft
2023-12-01 0 days 1,915 sqft
2024-01-01 0 days 1,896 sqft
2024-02-01 0 days 1,902 sqft
2024-03-01 0 days 1,991 sqft
2024-04-01 0 days 2,025 sqft
2024-05-01 0 days 2,073 sqft
2024-06-01 0 days 2,036 sqft
2024-07-01 0 days 2,030 sqft
2024-08-01 0 days 2,048 sqft
2024-09-01 0 days 1,980 sqft
2024-10-01 0 days 1,927 sqft
2024-11-01 0 days 1,925 sqft
2024-12-01 0 days 1,928 sqft
2025-01-01 0 days 1,950 sqft
2025-02-01 0 days 1,966 sqft
2025-03-01 0 days 2,013 sqft
Jackson's median listing age (time on market) for 2025-03-01 was 0 days.

Jackson's median square footage for active listings during the 2025-03-01 period was 2,013 sqft. One year prior, the average listing was 1,991 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.