Johnson City VA Loans

JOHNSON CITY, TN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 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.

    Johnson City's 93 lenders originated 911 VA loans during 2021. The total origination value was $224,325,000, with an average VA loan value of $246,240.

    Johnson City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Johnson City averaged 5.44% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.85% and one month ago for the week of 2022-04-15, the average rate was 5.12%.

    The average rate one year ago was 3.51%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.51%.

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

    Johnson City VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Johnson City level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 82 2.91% $5,846
    QUICKEN LOANS, LLC 81 2.48% $3,930
    FREEDOM MORTGAGE CORPORATION 61 2.53% $2,393
    PENNYMAC LOAN SERVICES, LLC 48 2.45% $4,949
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 41 3.15% $6,797
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 31 2.95% $6,321
    UNITED WHOLESALE MORTGAGE, LLC 29 2.63% $7,123
    NEW DAY FINANCIAL, LLC 29 2.76% $5,266
    NAVY FEDERAL CREDIT UNION 26 2.50% $3,755
    USAA Federal Savings Bank 24 2.76% $6,293
    Sierra Pacific Mortgage Company, Inc. 20 2.88% $5,153
    VILLAGE CAPITAL & INVESTMENT LLC 20 2.26% $3,421
    GUARANTEED RATE, INC. 17 2.62% $3,745
    EASTMAN 17 3.45% $4,426
    MOVEMENT MORTGAGE, LLC 16 2.75% $4,312
    LAKEVIEW LOAN SERVICING, LLC 14 2.54% $2,363
    MORTGAGE INVESTORS GROUP, INC. 14 2.96% $4,982
    LOANDEPOT.COM, LLC 11 2.64% $5,291
    CMG MORTGAGE, INC. 11 3.02% $6,970
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 2.79% $6,194
    AMERICAN FINANCIAL NETWORK, INC. 10 2.39% $10,057
    HANCOCK MORTGAGE PARTNERS, LLC 9 2.90% $9,658
    CLEARPATH LENDING 9 2.36% $2,659
    SUCCESS MORTGAGE PARTNERS, INC. 8 2.94% $7,017
    Bank of Tennessee 8 2.83% $5,837
    Mr. Cooper ( Nationstar Mortgage ) 7 2.80% $2,638
    PENTAGON FEDERAL CREDIT UNION 7 2.27% $2,985
    HOME POINT FINANCIAL CORPORATION 7 2.54% $6,359
    FIRST COMMUNITY MORTGAGE, INC. 6 2.69% $6,192
    NEWREZ LLC 6 2.69% $2,109
    Wells Fargo Bank 6 2.40% $2,370
    CALIBER HOME LOANS, INC. 5 2.38% $6,426
    Low VA Rates, LLC 5 2.30% $4,504
    AMERISAVE MORTGAGE CORPORATION 5 2.95% $6,484
    The Federal Savings Bank 5 2.50% $10,109
    STOCKTON MORTGAGE CORPORATION 5 3.45% $6,609
    Mid-Continent Funding, Inc. 4 2.81% $3,715
    Citizens Bank 4 2.66% $4,719
    First Guaranty Mortgage Corporation 4 2.91% $2,861
    PLANET HOME LENDING, LLC 3 3.04% $2,353
    NP, Inc. 3 2.29% $4,371
    Barrington Bank & Trust Company, N.A. 3 2.79% $8,161
    GMFS LLC 3 2.54% $2,615
    BROKER SOLUTIONS, INC. 3 2.29% $2,485
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.46% $4,349
    ACCELERATE MORTGAGE, LLC 2 2.00% $5,467
    Commerce Home Mortgage, Inc. 2 2.88% $2,545
    CONTOUR MORTGAGE CORPORATION 2 2.69% $8,130
    CROSSCOUNTRY MORTGAGE, LLC 2 2.81% $6,148
    Fifth Third Bank 2 2.63% $3,645
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.81% $3,413
    InterContinental Capital Group, Inc 2 2.50% $3,709
    Magnolia Bank 2 2.38% $6,269
    MID AMERICA MORTGAGE, INC. 2 2.50% $1,942
    MUTUAL OF OMAHA MORTGAGE, INC. 2 2.56% $6,653
    NBKC BANK 2 2.63% $2,467
    Northpointe Bank 2 2.69% $3,911
    Pinnacle Bank 2 2.25% $9,641
    SOVEREIGN LENDING GROUP INCORPORATED 2 3.13% $5,122
    Truist Bank 2 2.75% $9,902
    UNION HOME MORTGAGE CORP. 2 2.44% $2,016
    GUILD MORTGAGE COMPANY 1 2.25% $2,848
    GUARANTY HOME MORTGAGE CORPORATION 1 2.50% $2,112
    AmeriHome Mortgage Company, LLC 1 2.99% $2,400
    Flagstar Bank, FSB 1 2.75% $5,848
    First National Bank of Pennsylvania 1 2.38% $14,592
    First Horizon Bank 1 2.25% $11,285
    AMERICAN FINANCING CORPORATION 1 3.25% $2,700
    Equity Prime Mortgage LLC 1 3.75% $3,737
    DHI MORTGAGE COMPANY, LTD. 1 2.75% $3,228
    Prime Choice Funding Inc. 1 2.75% $1,390
    CU COMMUNITY, LLC 1 2.25% $2,848
    Regions Bank 1 2.38% $3,388
    Reliant Bank 1 2.38% $3,833
    ROSS MORTGAGE CORPORATION 1 2.88% $2,606
    SECURITYNATIONAL MORTGAGE COMPANY 1 4.13% $4,190
    CHURCHILL MORTGAGE CORPORATION 1 2.75% $2,394
    Waterstone Mortgage Corporation 1 2.25% $5,017
    SRE MORTGAGE ALLIANCE INC. 1 2.25% $1,033
    Carrington Mortgage Services, LLC 1 3.13% $1,855
    BNC National Bank 1 2.25% $749
    Sunflower Bank 1 3.13% $2,000
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $1,120
    Bank of America 1 3.38% $4,363
    TJC Mortgage, Inc. 1 2.25% $3,349
    Alcova Mortgage LLC 1 3.75% $3,578
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $4,404
    MORTGAGE ACCESS CORP. 1 2.75% $18,266
    INTERLINC MORTGAGE SERVICES, LLC 1 3.63% $3,036
    Wyndham Capital Mortgage, Inc. 1 2.75% $769
    HOMESIDE FINANCIAL, LLC 1 2.25% $1,348
    A Mortgage Boutique, LLC 1 2.25% $2,855
    NETWORK CAPITAL FUNDING CORPORATION 1 2.38% $1,821

    The top Johnson City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 82 VA loans originated. Their average total fees are $5,846, which is $1,916 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Johnson City VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,363), FREEDOM MORTGAGE CORPORATION ($2,393), VILLAGE CAPITAL & INVESTMENT LLC ($3,421), GUARANTEED RATE, INC. ($3,745) and NAVY FEDERAL CREDIT UNION ($3,755).

    The lowest rate Johnson City VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.26%), AMERICAN FINANCIAL NETWORK, INC. (2.39%), PENNYMAC LOAN SERVICES, LLC (2.45%), QUICKEN LOANS, LLC (2.48%) and NAVY FEDERAL CREDIT UNION (2.50%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Johnson City (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 $197,450 (8.3%) $274,809 (12.3%) 0.73 764
    2018-02-01 $199,900 (8.1%) $274,711 (10.7%) 0.72 735
    2018-03-01 $202,500 (9.5%) $283,425 (14.5%) 0.70 746
    2018-04-01 $210,000 (10.6%) $291,238 (15.0%) 0.70 733
    2018-05-01 $224,900 (18.4%) $297,311 (16.7%) 0.75 742
    2018-06-01 $225,000 (18.5%) $298,019 (17.0%) 0.75 802
    2018-07-01 $218,450 (12.1%) $292,758 (13.1%) 0.73 826
    2018-08-01 $215,000 (8.0%) $293,925 (13.0%) 0.72 859
    2018-09-01 $215,000 (7.6%) $288,686 (10.3%) 0.72 887
    2018-10-01 $208,350 (3.8%) $280,287 (4.7%) 0.70 891
    2018-11-01 $208,000 (4.4%) $274,901 (4.4%) 0.70 907
    2018-12-01 $198,250 (-0.8%) $269,603 (-0.1%) 0.68 857
    2019-01-01 $192,400 (-2.6%) $268,504 (-2.3%) 0.66 791
    2019-02-01 $189,000 (-5.5%) $264,153 (-3.8%) 0.63 785
    2019-03-01 $198,943 (-1.8%) $281,508 (-0.7%) 0.65 705
    2019-04-01 $217,450 (3.6%) $302,027 (3.7%) 0.68 617
    2019-05-01 $231,950 (3.1%) $308,373 (3.7%) 0.71 632
    2019-06-01 $229,900 (2.2%) $318,283 (6.8%) 0.71 634
    2019-07-01 $229,900 (5.2%) $316,954 (8.3%) 0.71 661
    2019-08-01 $229,043 (6.5%) $314,298 (6.9%) 0.72 657
    2019-09-01 $228,543 (6.3%) $315,808 (9.4%) 0.73 652
    2019-10-01 $237,450 (14.0%) $321,288 (14.6%) 0.76 661
    2019-11-01 $215,000 (3.4%) $290,366 (5.6%) 0.69 834
    2019-12-01 $229,900 (16.0%) $318,286 (18.1%) 0.77 578
    2020-01-01 $238,900 (24.2%) $322,531 (20.1%) 0.80 516
    2020-02-01 $245,000 (29.6%) $331,494 (25.5%) 0.79 480
    2020-03-01 $249,700 (25.5%) $341,353 (21.3%) 0.78 440
    2020-04-01 $258,950 (19.1%) $337,902 (11.9%) 0.81 402
    2020-05-01 $274,900 (18.5%) $348,254 (12.9%) 0.83 362
    2020-06-01 $265,000 (15.3%) $344,406 (8.2%) 0.77 346
    2020-07-01 $264,900 (15.2%) $373,268 (17.8%) 0.76 328
    2020-08-01 $284,000 (24.0%) $388,725 (23.7%) 0.81 315
    2020-09-01 $288,000 (26.0%) $404,285 (28.0%) 0.82 304
    2020-10-01 $279,900 (17.9%) $395,722 (23.2%) 0.80 323
    2020-11-01 $279,950 (30.2%) $407,943 (40.5%) 0.80 292
    2020-12-01 $281,950 (22.6%) $401,788 (26.2%) 0.83 279
    2021-01-01 $275,000 (15.1%) $385,452 (19.5%) 0.81 223
    2021-02-01 $277,000 (13.1%) $412,043 (24.3%) 0.80 168
    2021-03-01 $299,900 (20.1%) $449,121 (31.6%) 0.84 152
    2021-04-01 $309,900 (19.7%) $462,756 (37.0%) 0.83 156
    2021-05-01 $299,900 (9.1%) $475,080 (36.4%) 0.79 173
    2021-06-01 $298,000 (12.5%) $422,014 (22.5%) 0.77 197
    2021-07-01 $262,000 (-1.1%) $413,135 (10.7%) 0.68 201
    2021-08-01 $299,000 (5.3%) $457,153 (17.6%) 0.79 236
    2021-09-01 $294,450 (2.2%) $470,286 (16.3%) 0.77 244
    2021-10-01 $299,900 (7.2%) $449,921 (13.7%) 0.79 278
    2021-11-01 $317,450 (13.4%) $482,898 (18.4%) 0.84 229
    2021-12-01 $315,000 (11.7%) $482,984 (20.2%) 0.84 191
    2022-01-01 $324,900 (18.2%) $507,493 (31.7%) 0.87 142
    2022-02-01 $372,450 (34.5%) $550,689 (33.7%) 0.95 116
    2022-03-01 $350,000 (16.7%) $513,265 (14.3%) 0.86 138
    2022-04-01 $364,900 (17.8%) $528,413 (14.2%) 0.86 150
    Johnson City's median listing price for 2022-04-01 was $364,900, a difference of $55,000 (17.8%) versus the prior year and $14,900 versus the prior month.

    Johnson City's median listing price comes in at 86% of the national average.

    Johnson City's average listing price for 2022-04-01 was $528,413, a difference of $65,657 (14.2%) versus the prior year and $15,148 versus the prior month.

    For the 2022-04-01 period, Johnson City had 150 MLS listings, a difference of 12 listings (9%) versus the prior month and -6 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Johnson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 96 days 1,997 sqft
    2018-02-01 93 days 1,965 sqft
    2018-03-01 74 days 1,958 sqft
    2018-04-01 68 days 1,999 sqft
    2018-05-01 68 days 2,048 sqft
    2018-06-01 58 days 2,100 sqft
    2018-07-01 65 days 2,106 sqft
    2018-08-01 68 days 2,042 sqft
    2018-09-01 68 days 2,061 sqft
    2018-10-01 75 days 2,028 sqft
    2018-11-01 79 days 1,915 sqft
    2018-12-01 92 days 1,904 sqft
    2019-01-01 99 days 1,833 sqft
    2019-02-01 99 days 1,834 sqft
    2019-03-01 78 days 1,910 sqft
    2019-04-01 64 days 1,994 sqft
    2019-05-01 56 days 2,056 sqft
    2019-06-01 62 days 2,069 sqft
    2019-07-01 63 days 2,072 sqft
    2019-08-01 63 days 2,035 sqft
    2019-09-01 67 days 2,026 sqft
    2019-10-01 67 days 2,083 sqft
    2019-11-01 67 days 2,028 sqft
    2019-12-01 83 days 2,090 sqft
    2020-01-01 96 days 2,095 sqft
    2020-02-01 93 days 2,047 sqft
    2020-03-01 63 days 2,032 sqft
    2020-04-01 59 days 2,040 sqft
    2020-05-01 67 days 2,028 sqft
    2020-06-01 54 days 1,991 sqft
    2020-07-01 52 days 1,996 sqft
    2020-08-01 46 days 2,030 sqft
    2020-09-01 44 days 2,040 sqft
    2020-10-01 43 days 2,000 sqft
    2020-11-01 47 days 2,043 sqft
    2020-12-01 53 days 1,988 sqft
    2021-01-01 64 days 1,949 sqft
    2021-02-01 50 days 1,915 sqft
    2021-03-01 33 days 2,078 sqft
    2021-04-01 29 days 2,157 sqft
    2021-05-01 21 days 2,056 sqft
    2021-06-01 26 days 1,987 sqft
    2021-07-01 25 days 1,850 sqft
    2021-08-01 25 days 1,936 sqft
    2021-09-01 31 days 1,922 sqft
    2021-10-01 34 days 1,821 sqft
    2021-11-01 45 days 1,802 sqft
    2021-12-01 56 days 1,844 sqft
    2022-01-01 60 days 1,790 sqft
    2022-02-01 40 days 1,919 sqft
    2022-03-01 27 days 1,896 sqft
    2022-04-01 25 days 1,894 sqft
    Johnson City's median listing age (time on market) for 2022-04-01 was 25 days. This is -12% shorter than the same period one year ago.

    Johnson City's median square footage for active listings during the 2022-04-01 period was 1,894 sqft. One year prior, the average listing was 2,157 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.