Johnson City VA Loan Rates, Closing Costs & Stats

JOHNSON CITY, 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.

    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 6.92% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.65% and one month ago for the week of 2024-03-15, the average rate was 6.91%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.73%.

    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.