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%.

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.