Jackson VA Loan Rates, Closing Costs & Stats

JACKSON, 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.

    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 0.48% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.63% and one month ago for the week of 2025-05-16, the average rate was 6.79%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.11%.

    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%).

    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.