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 61 lenders originated 264 VA loans during 2023. The total origination value was $71,360,000, with an average VA loan value of $270,303.
Jackson VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Jackson
averaged
6.21%
for the week of 2025-03-28, compared to the national average (all VA variants) of
6.188% for the same period.
Jackson's average VA mortgage closing costs are $5,097.
The average rate for the prior week (2025-03-21) was
6.19% and
one month ago for the week of 2025-02-21, the
average rate was 6.59%.
The average rate one year ago was 6.63%.
For refis of the same type during the week of 2025-03-28, the average rate
was 6.71%.
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.
The top Jackson VA lender as defined by loan originations is Mortgage Research Center, LLC, with
59 VA loans originated. Their average total fees are
$4,755, which is $7,892
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Jackson VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,711), MORTGAGE INVESTORS GROUP, INC. ($4,642), Mortgage Research Center, LLC ($4,755), PENNYMAC LOAN SERVICES, LLC ($4,978) and Leaders Credit Union ($6,184).
The lowest rate Jackson VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.23%), NAVY FEDERAL CREDIT UNION (5.80%), QUICKEN LOANS, LLC (6.11%), MORTGAGE INVESTORS GROUP, INC. (6.41%) and FREEDOM MORTGAGE CORPORATION (6.45%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Jackson's median listing price comes in at 0% of the national average.
Jackson's average listing price for 2025-02-01 was $379,325, a difference of $41,691 (12.4%) versus the prior year and $-1,531 versus the prior month.
For the 2025-02-01 period, Jackson had 528 MLS listings, a difference of 12 listings (2%) versus the prior month and 159 listings (43%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Jackson's median square footage for active listings during the 2025-02-01 period was 1,966 sqft. One year prior, the average listing was 1,902 sqft.