Johnson City VA Loans
JOHNSON CITY, 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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.