Johnson City VA Loan Rates, Closing Costs & Stats

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 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.

Johnson City's 62 lenders originated 310 VA loans during 2023. The total origination value was $93,170,000, with an average VA loan value of $300,548.

Johnson City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Johnson City averaged 6.94% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Johnson City's average VA mortgage closing costs are $5,343.

The average rate for the prior week (2024-04-05) was 6.59% and one month ago for the week of 2024-03-08, the average rate was 6.72%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.75%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Johnson City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 50 6.70% $6,671
MOVEMENT MORTGAGE, LLC 28 6.54% $4,910
QUICKEN LOANS, LLC 21 6.24% $10,661
UNITED WHOLESALE MORTGAGE, LLC 18 6.52% $8,623
CARDINAL FINANCIAL 12 6.65% $11,234
ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 6.86% $8,266
NAVY FEDERAL CREDIT UNION 9 6.00% $1,992
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.39% $5,997
PENNYMAC LOAN SERVICES, LLC 8 5.17% $5,607
USAA Federal Savings Bank 7 5.91% $5,028
MORTGAGE INVESTORS GROUP, INC. 7 6.30% $4,058
LOANDEPOT.COM, LLC 7 6.25% $11,413
NEW DAY FINANCIAL, LLC 7 7.43% $13,039
FREEDOM MORTGAGE CORPORATION 6 6.50% $17,999
DHI MORTGAGE COMPANY, LTD. 5 6.23% $3,597
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.80% $923
Sierra Pacific Mortgage Company, Inc. 4 6.22% $8,303
VILLAGE CAPITAL MORTGAGE 4 6.25% $11,774
Citizens Bank 4 6.53% $8,067
VERITAS FUNDING, LLC 3 6.83% $8,570
UNION HOME MORTGAGE CORP. 3 5.92% $8,691
The Federal Savings Bank 3 6.17% $15,071
STOCKTON MORTGAGE CORPORATION 3 6.42% $17,170
ROSS MORTGAGE CORPORATION 3 6.54% $17,933
AMERISAVE MORTGAGE CORPORATION 3 6.00% $12,730
GVC MORTGAGE, INC. 3 6.33% $10,945
Magnolia Bank 3 5.75% $12,945
MORTGAGE ACCESS CORP. 3 5.54% $14,417
ALAMEDA MORTGAGE CORPORATION 2 7.63% $10,198
AMERICAN FINANCIAL NETWORK, INC. 2 6.25% $4,428
CMG MORTGAGE, INC. 2 6.25% $17,653
GUARANTEED RATE, INC. 2 6.94% $8,747
LAKEVIEW LOAN SERVICING, LLC 2 5.69% $17,728
Mid-Continent Funding, Inc. 2 6.25% $14,064
PENTAGON FEDERAL CREDIT UNION 2 5.13% $10,009
PLANET HOME LENDING, LLC 2 6.75% $11,157
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.00% $5,014
SECURITYNATIONAL MORTGAGE COMPANY 2 7.38% $8,808
Wells Fargo Bank 2 6.25% $3,512
Plains Commerce Bank 1 6.13% $6,526
CALIBER HOME LOANS, INC. 1 6.25% $18,582
PLAZA HOME MORTGAGE, INC. 1 5.75% $3,850
American Mortgage & Equity Consultants, Inc. 1 6.25% $13,765
Prosperity Home Mortgage, LLC 1 7.88% $7,388
First Federal Bank 1 6.63% $6,312
Regions Bank 1 5.75% $3,646
FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $5,367
S1L, Inc. 1 6.25% $4,838
ZILLOW HOME LOANS, LLC 1 6.63% $3,342
EASTMAN 1 6.88% $6,381
SOVEREIGN LENDING GROUP INCORPORATED 1 8.25% $13,686
Consumer First Mortgage, Inc. 1 6.50% $4,512
Community First National Bank 1 7.75% $4,259
The Freedom Bank of Virginia 1 5.63% $6,878
TOP FLITE FINANCIAL, INC. 1 6.25% $15,740
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.75% $4,118
CHURCHILL MORTGAGE CORPORATION 1 6.25% $10,463
Nations Lending Corporation 1 7.25% $11,438
INTERCOASTAL MORTGAGE COMPANY 1 5.75% $2,599
NexBank 1 5.75% $2,770
HomePromise Corporation 1 6.50% $9,452
Century Mortgage Company DBA Century Lending Company 1 6.25% $5,486

The top Johnson City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 50 VA loans originated. Their average total fees are $6,671, which is $1,761 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Johnson City VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($4,910), Mortgage Research Center, LLC ($6,671), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($8,266), UNITED WHOLESALE MORTGAGE, LLC ($8,623) and QUICKEN LOANS, LLC ($10,661).

The lowest rate Johnson City VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.24%), UNITED WHOLESALE MORTGAGE, LLC (6.52%), MOVEMENT MORTGAGE, LLC (6.54%), CARDINAL FINANCIAL (6.65%) and Mortgage Research Center, LLC (6.70%).


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 $202,500 (6.6%) $276,404 (6.1%) 0.75 775
2018-02-01 $209,900 (10.7%) $275,206 (4.2%) 0.76 740
2018-03-01 $215,000 (13.5%) $284,373 (8.4%) 0.75 752
2018-04-01 $219,925 (11.8%) $292,277 (8.9%) 0.75 747
2018-05-01 $229,900 (15.5%) $299,129 (10.4%) 0.77 753
2018-06-01 $229,900 (15.6%) $297,072 (10.7%) 0.77 818
2018-07-01 $222,443 (11.8%) $292,799 (8.8%) 0.74 840
2018-08-01 $220,925 (10.6%) $290,435 (8.7%) 0.74 855
2018-09-01 $219,900 (10.0%) $287,225 (6.8%) 0.74 894
2018-10-01 $217,250 (6.0%) $279,934 (2.0%) 0.74 895
2018-11-01 $210,000 (4.4%) $275,903 (3.3%) 0.71 902
2018-12-01 $199,900 (-2.5%) $267,680 (-2.5%) 0.69 857
2019-01-01 $199,425 (-1.5%) $267,410 (-3.3%) 0.69 792
2019-02-01 $189,925 (-9.5%) $264,487 (-3.9%) 0.64 790
2019-03-01 $204,943 (-4.7%) $282,654 (-0.6%) 0.67 709
2019-04-01 $226,750 (3.1%) $304,817 (4.3%) 0.72 620
2019-05-01 $237,375 (3.3%) $315,918 (5.6%) 0.74 635
2019-06-01 $239,900 (4.4%) $322,187 (8.5%) 0.75 630
2019-07-01 $239,924 (7.9%) $319,088 (9.0%) 0.75 656
2019-08-01 $239,791 (8.5%) $315,530 (8.6%) 0.76 668
2019-09-01 $239,627 (9.0%) $315,885 (10.0%) 0.77 674
2019-10-01 $242,218 (11.5%) $318,283 (13.7%) 0.78 673
2019-11-01 $239,900 (14.2%) $319,519 (15.8%) 0.79 643
2019-12-01 $236,450 (18.3%) $317,537 (18.6%) 0.79 590
2020-01-01 $244,375 (22.5%) $323,831 (21.1%) 0.82 535
2020-02-01 $249,900 (31.6%) $331,980 (25.5%) 0.82 493
2020-03-01 $251,724 (22.8%) $338,847 (19.9%) 0.79 456
2020-04-01 $264,450 (16.6%) $340,981 (11.9%) 0.83 412
2020-05-01 $279,700 (17.8%) $352,209 (11.5%) 0.85 384
2020-06-01 $272,000 (13.4%) $351,541 (9.1%) 0.80 354
2020-07-01 $269,800 (12.5%) $373,121 (16.9%) 0.78 341
2020-08-01 $286,000 (19.3%) $400,147 (26.8%) 0.82 327
2020-09-01 $290,250 (21.1%) $412,495 (30.6%) 0.83 316
2020-10-01 $284,950 (17.6%) $403,079 (26.6%) 0.82 332
2020-11-01 $277,425 (15.6%) $411,904 (28.9%) 0.81 295
2020-12-01 $282,425 (19.4%) $409,371 (28.9%) 0.84 282
2021-01-01 $278,700 (14.1%) $406,024 (25.4%) 0.83 232
2021-02-01 $277,225 (10.9%) $427,785 (28.9%) 0.81 175
2021-03-01 $299,900 (19.1%) $480,872 (41.9%) 0.85 158
2021-04-01 $319,675 (20.9%) $481,930 (41.3%) 0.87 166
2021-05-01 $324,950 (16.2%) $476,422 (35.3%) 0.86 177
2021-06-01 $299,900 (10.3%) $427,434 (21.6%) 0.79 204
2021-07-01 $277,450 (2.8%) $417,942 (12.0%) 0.73 206
2021-08-01 $304,925 (6.6%) $460,877 (15.2%) 0.81 250
2021-09-01 $303,675 (4.6%) $475,199 (15.2%) 0.81 247
2021-10-01 $310,000 (8.8%) $446,457 (10.8%) 0.83 285
2021-11-01 $310,000 (11.7%) $469,224 (13.9%) 0.83 236
2021-12-01 $315,000 (11.5%) $486,439 (18.8%) 0.85 194
2022-01-01 $324,900 (16.6%) $499,382 (23.0%) 0.88 145
2022-02-01 $373,675 (34.8%) $543,400 (27.0%) 0.97 121
2022-03-01 $346,175 (15.4%) $502,383 (4.5%) 0.87 143
2022-04-01 $350,000 (9.5%) $520,505 (8.0%) 0.83 153
2022-05-01 $350,000 (7.7%) $495,391 (4.0%) 0.80 190
2022-06-01 $350,000 (16.7%) $488,773 (14.4%) 0.78 216
2022-07-01 $360,000 (29.8%) $489,205 (17.1%) 0.81 271
2022-08-01 $384,250 (26.0%) $559,765 (21.5%) 0.89 277
2022-09-01 $379,450 (25.0%) $540,810 (13.8%) 0.89 281
2022-10-01 $380,000 (22.6%) $522,865 (17.1%) 0.89 318
2022-11-01 $362,450 (16.9%) $497,653 (6.1%) 0.87 330
2022-12-01 $379,950 (20.6%) $500,552 (2.9%) 0.94 289
2023-01-01 $388,675 (19.6%) $487,606 (-2.4%) 0.96 275
2023-02-01 $399,350 (6.9%) $487,990 (-10.2%) 0.96 245
2023-03-01 $412,500 (19.2%) $500,449 (-0.4%) 0.97 243
2023-04-01 $410,000 (17.1%) $491,964 (-5.5%) 0.95 264
2023-05-01 $429,900 (22.8%) $545,793 (10.2%) 0.97 250
2023-06-01 $422,473 (20.7%) $505,286 (3.4%) 0.95 260
2023-07-01 $415,000 (15.3%) $524,712 (7.3%) 0.94 257
2023-08-01 $417,439 (8.6%) $522,899 (-6.6%) 0.96 276
2023-09-01 $424,950 (12.0%) $523,783 (-3.2%) 0.99 298
2023-10-01 $394,675 (3.9%) $508,930 (-2.7%) 0.93 358
2023-11-01 $373,750 (3.1%) $481,471 (-3.3%) 0.89 389
2023-12-01 $369,650 (-2.7%) $476,072 (-4.9%) 0.90 390
2024-01-01 $367,450 (-5.5%) $481,845 (-1.2%) 0.90 359
2024-02-01 $357,450 (-10.5%) $481,962 (-1.2%) 0.86 325
2024-03-01 $376,950 (-8.6%) $496,178 (-0.9%) 0.89 342
Johnson City's median listing price for 2024-03-01 was $376,950, a difference of $-35,550 (-8.6%) versus the prior year and $19,500 versus the prior month.

Johnson City's median listing price comes in at 89% of the national average.

Johnson City's average listing price for 2024-03-01 was $496,178, a difference of $-4,271 (-0.9%) versus the prior year and $14,216 versus the prior month.

For the 2024-03-01 period, Johnson City had 342 MLS listings, a difference of 17 listings (5%) versus the prior month and 99 listings (41%) 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 94 days 2,009 sqft
2018-02-01 88 days 1,996 sqft
2018-03-01 67 days 2,000 sqft
2018-04-01 65 days 2,029 sqft
2018-05-01 61 days 2,070 sqft
2018-06-01 54 days 2,113 sqft
2018-07-01 61 days 2,125 sqft
2018-08-01 66 days 2,050 sqft
2018-09-01 65 days 2,050 sqft
2018-10-01 72 days 2,036 sqft
2018-11-01 74 days 1,933 sqft
2018-12-01 87 days 1,944 sqft
2019-01-01 93 days 1,837 sqft
2019-02-01 93 days 1,845 sqft
2019-03-01 76 days 1,966 sqft
2019-04-01 57 days 2,087 sqft
2019-05-01 51 days 2,132 sqft
2019-06-01 58 days 2,129 sqft
2019-07-01 62 days 2,130 sqft
2019-08-01 58 days 2,120 sqft
2019-09-01 60 days 2,109 sqft
2019-10-01 63 days 2,117 sqft
2019-11-01 67 days 2,149 sqft
2019-12-01 79 days 2,101 sqft
2020-01-01 93 days 2,118 sqft
2020-02-01 88 days 2,053 sqft
2020-03-01 59 days 2,028 sqft
2020-04-01 56 days 2,040 sqft
2020-05-01 65 days 2,030 sqft
2020-06-01 46 days 1,981 sqft
2020-07-01 44 days 1,971 sqft
2020-08-01 38 days 2,028 sqft
2020-09-01 40 days 2,034 sqft
2020-10-01 41 days 2,026 sqft
2020-11-01 45 days 2,050 sqft
2020-12-01 51 days 1,996 sqft
2021-01-01 58 days 1,946 sqft
2021-02-01 44 days 1,927 sqft
2021-03-01 31 days 2,106 sqft
2021-04-01 27 days 2,151 sqft
2021-05-01 19 days 2,138 sqft
2021-06-01 23 days 2,013 sqft
2021-07-01 24 days 1,872 sqft
2021-08-01 25 days 1,936 sqft
2021-09-01 30 days 1,942 sqft
2021-10-01 30 days 1,846 sqft
2021-11-01 45 days 1,819 sqft
2021-12-01 56 days 1,872 sqft
2022-01-01 60 days 1,800 sqft
2022-02-01 34 days 1,909 sqft
2022-03-01 24 days 1,858 sqft
2022-04-01 22 days 1,880 sqft
2022-05-01 23 days 1,912 sqft
2022-06-01 27 days 1,866 sqft
2022-07-01 24 days 1,921 sqft
2022-08-01 36 days 1,972 sqft
2022-09-01 40 days 1,972 sqft
2022-10-01 47 days 1,975 sqft
2022-11-01 46 days 1,963 sqft
2022-12-01 58 days 2,001 sqft
2023-01-01 69 days 1,944 sqft
2023-02-01 63 days 2,000 sqft
2023-03-01 45 days 2,058 sqft
2023-04-01 36 days 2,029 sqft
2023-05-01 37 days 2,011 sqft
2023-06-01 36 days 1,950 sqft
2023-07-01 36 days 1,928 sqft
2023-08-01 34 days 1,910 sqft
2023-09-01 39 days 2,027 sqft
2023-10-01 43 days 1,896 sqft
2023-11-01 45 days 1,811 sqft
2023-12-01 54 days 1,806 sqft
2024-01-01 68 days 1,802 sqft
2024-02-01 67 days 1,796 sqft
2024-03-01 56 days 1,814 sqft
Johnson City's median listing age (time on market) for 2024-03-01 was 56 days. This is 24% longer than the same period one year ago.

Johnson City's median square footage for active listings during the 2024-03-01 period was 1,814 sqft. One year prior, the average listing was 2,058 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.