Kingsport VA Loan Rates, Closing Costs & Stats

KINGSPORT-BRISTOL, TN-VA

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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.

    Kingsport's 80 lenders originated 454 VA loans during 2023. The total origination value was $128,190,000, with an average VA loan value of $282,357.

    Kingsport VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kingsport averaged 7.11% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Kingsport's average VA mortgage closing costs are $5,187.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 7%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.01%.

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

    Kingsport 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 Kingsport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 92 6.76% $5,919
    UNITED WHOLESALE MORTGAGE, LLC 34 6.36% $7,025
    DHI MORTGAGE COMPANY, LTD. 25 5.85% $5,972
    QUICKEN LOANS, LLC 23 6.16% $8,819
    NAVY FEDERAL CREDIT UNION 22 5.78% $6,536
    CARDINAL FINANCIAL 17 6.74% $11,602
    PENNYMAC LOAN SERVICES, LLC 14 5.47% $10,995
    MOVEMENT MORTGAGE, LLC 14 7.04% $5,751
    USAA Federal Savings Bank 14 6.40% $8,151
    MORTGAGE INVESTORS GROUP, INC. 13 6.21% $7,620
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 6.67% $8,457
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.73% $3,306
    NEW DAY FINANCIAL, LLC 9 7.32% $13,616
    FREEDOM MORTGAGE CORPORATION 9 6.69% $15,850
    GUARANTEED RATE, INC. 8 6.51% $6,526
    Sierra Pacific Mortgage Company, Inc. 5 6.90% $6,681
    Barrington Bank & Trust Company, N.A. 5 6.85% $7,897
    LOANDEPOT.COM, LLC 5 6.17% $14,687
    ROSS MORTGAGE CORPORATION 4 7.22% $10,014
    The Federal Savings Bank 4 6.19% $11,212
    ALAMEDA MORTGAGE CORPORATION 4 7.25% $14,119
    PENTAGON FEDERAL CREDIT UNION 3 5.75% $6,542
    EASTMAN 3 6.79% $5,481
    FIRST COMMUNITY MORTGAGE, INC. 3 6.46% $4,181
    NEWREZ LLC 3 6.71% $12,293
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.79% $10,415
    GVC MORTGAGE, INC. 3 7.21% $4,410
    PLANET HOME LENDING, LLC 3 5.71% $5,285
    STOCKTON MORTGAGE CORPORATION 3 6.92% $7,798
    LEADERONE FINANCIAL CORPORATION 3 6.75% $8,832
    AMERISAVE MORTGAGE CORPORATION 2 7.25% $5,964
    Strong Home Mortgage, LLC 2 6.56% $14,189
    Truist 2 6.50% $6,180
    Equity Prime Mortgage LLC 2 6.31% $12,724
    VAN DYK MORTGAGE CORPORATION 2 7.06% $3,701
    CMG MORTGAGE, INC. 2 6.69% $9,092
    LAKEVIEW LOAN SERVICING, LLC 2 5.87% $13,606
    Wells Fargo Bank 2 6.56% $7,586
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.81% $6,917
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.69% $12,318
    Mid-Continent Funding, Inc. 2 6.19% $16,557
    BROKER SOLUTIONS, INC. 2 6.25% $5,135
    Willamette Valley Bank 1 6.25% $2,022
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $13,332
    AMERICAN FINANCING CORPORATION 1 6.38% $10,192
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.75% $650
    Armed Forces Bank 1 6.00% $10,648
    Bank of Tennessee 1 6.00% $13,616
    Capital Bank 1 7.25% $9,629
    Citizens Bank 1 6.50% $3,710
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.75% $14,498
    COMPASS MORTGAGE, INC. 1 6.50% $6,766
    DELMAR FINANCIAL COMPANY 1 7.50% $7,793
    EVERETT FINANCIAL, INC. 1 6.63% $14,218
    First Horizon Bank 1 6.63% $16,296
    First Option Mortgage, LLC 1 7.25% $8,469
    Gateway First Bank 1 6.75% $9,488
    GoPrime Mortgage, Inc. 1 7.00% $3,190
    HomePromise Corporation 1 7.88% $735
    JPMorgan Chase Bank 1 7.63% $1,584
    LOANPAL, LLC 1 6.38% $11,879
    Magnolia Bank 1 6.25% $12,857
    MILEND, INC. 1 7.13% $12,850
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.00% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $10,579
    M&T Bank 1 6.25% $5,239
    NexBank 1 5.38% $12,719
    PLAZA HOME MORTGAGE, INC. 1 5.75% $3,808
    Prosperity Home Mortgage, LLC 1 7.13% $6,383
    Regions Bank 1 7.63% $3,401
    RELIANCE FIRST CAPITAL, LLC 1 6.25% $36,825
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $6,110
    The Huntington National Bank 1 6.25% $4,917
    UNION HOME MORTGAGE CORP. 1 6.50% $5,289
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $2,267
    VERITAS FUNDING, LLC 1 6.88% $19,286
    VILLAGE CAPITAL MORTGAGE 1 6.25% $7,224
    Virginia Credit Union, Inc. 1 6.25% $9,289
    Waterstone Mortgage Corporation 1 7.13% $7,136
    1ST SIGNATURE LENDING, LLC 1 6.00% $11,260

    The top Kingsport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 92 VA loans originated. Their average total fees are $5,919, which is $1,107 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Kingsport VA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,306), MOVEMENT MORTGAGE, LLC ($5,751), Mortgage Research Center, LLC ($5,919), DHI MORTGAGE COMPANY, LTD. ($5,972) and NAVY FEDERAL CREDIT UNION ($6,536).

    The lowest rate Kingsport VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.47%), NAVY FEDERAL CREDIT UNION (5.78%), DHI MORTGAGE COMPANY, LTD. (5.85%), QUICKEN LOANS, LLC (6.16%) and MORTGAGE INVESTORS GROUP, INC. (6.21%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kingsport (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 $159,950 (6.7%) $248,316 (13.6%) 0.59 1,413
    2018-02-01 $159,713 (5.5%) $246,131 (9.1%) 0.58 1,401
    2018-03-01 $159,900 (0.0%) $236,420 (-3.0%) 0.56 1,343
    2018-04-01 $169,250 (1.1%) $246,842 (-0.3%) 0.57 1,359
    2018-05-01 $169,700 (1.6%) $247,286 (-0.5%) 0.57 1,436
    2018-06-01 $169,900 (3.0%) $243,186 (-1.7%) 0.57 1,545
    2018-07-01 $169,900 (3.0%) $241,399 (-3.7%) 0.57 1,606
    2018-08-01 $169,900 (0.3%) $240,702 (-4.9%) 0.57 1,626
    2018-09-01 $169,900 (1.4%) $239,234 (-4.4%) 0.57 1,643
    2018-10-01 $169,700 (3.0%) $242,453 (-2.5%) 0.57 1,665
    2018-11-01 $168,500 (2.1%) $244,742 (-1.9%) 0.57 1,643
    2018-12-01 $159,900 (-0.1%) $236,483 (-4.3%) 0.55 1,527
    2019-01-01 $159,700 (-0.2%) $225,705 (-9.1%) 0.55 1,405
    2019-02-01 $159,300 (-0.3%) $226,923 (-7.8%) 0.54 1,346
    2019-03-01 $171,229 (7.1%) $245,840 (4.0%) 0.56 1,235
    2019-04-01 $188,450 (11.3%) $268,872 (8.9%) 0.60 1,124
    2019-05-01 $190,950 (12.5%) $272,852 (10.3%) 0.60 1,156
    2019-06-01 $199,900 (17.7%) $277,596 (14.2%) 0.62 1,198
    2019-07-01 $199,950 (17.7%) $277,910 (15.1%) 0.63 1,229
    2019-08-01 $199,973 (17.7%) $279,426 (16.1%) 0.63 1,238
    2019-09-01 $199,932 (17.7%) $280,343 (17.2%) 0.64 1,247
    2019-10-01 $199,450 (17.5%) $278,655 (14.9%) 0.64 1,258
    2019-11-01 $189,900 (12.7%) $270,009 (10.3%) 0.62 1,264
    2019-12-01 $190,950 (19.4%) $272,330 (15.2%) 0.64 1,179
    2020-01-01 $190,971 (19.6%) $273,204 (21.0%) 0.64 1,094
    2020-02-01 $198,500 (24.6%) $278,378 (22.7%) 0.65 968
    2020-03-01 $211,498 (23.5%) $293,099 (19.2%) 0.66 883
    2020-04-01 $211,791 (12.4%) $293,830 (9.3%) 0.66 858
    2020-05-01 $219,575 (15.0%) $301,503 (10.5%) 0.67 751
    2020-06-01 $224,500 (12.3%) $312,150 (12.5%) 0.66 700
    2020-07-01 $233,700 (16.9%) $317,206 (14.1%) 0.68 652
    2020-08-01 $230,000 (15.0%) $315,716 (13.0%) 0.66 624
    2020-09-01 $222,400 (11.2%) $307,039 (9.5%) 0.64 618
    2020-10-01 $209,943 (5.3%) $306,467 (10.0%) 0.60 599
    2020-11-01 $209,700 (10.4%) $314,664 (16.5%) 0.61 557
    2020-12-01 $199,950 (4.7%) $323,770 (18.9%) 0.59 497
    2021-01-01 $199,900 (4.7%) $335,251 (22.7%) 0.60 437
    2021-02-01 $200,000 (0.8%) $353,056 (26.8%) 0.58 336
    2021-03-01 $208,450 (-1.4%) $366,895 (25.2%) 0.59 312
    2021-04-01 $231,175 (9.2%) $374,812 (27.6%) 0.63 298
    2021-05-01 $249,900 (13.8%) $392,965 (30.3%) 0.66 305
    2021-06-01 $243,550 (8.5%) $353,416 (13.2%) 0.64 381
    2021-07-01 $239,900 (2.7%) $353,754 (11.5%) 0.63 405
    2021-08-01 $229,656 (-0.2%) $363,283 (15.1%) 0.61 438
    2021-09-01 $234,950 (5.6%) $405,972 (32.2%) 0.63 444
    2021-10-01 $259,900 (23.8%) $414,916 (35.4%) 0.69 404
    2021-11-01 $243,675 (16.2%) $384,676 (22.3%) 0.65 371
    2021-12-01 $249,900 (25.0%) $409,459 (26.5%) 0.68 323
    2022-01-01 $249,800 (25.0%) $440,932 (31.5%) 0.68 256
    2022-02-01 $254,950 (27.5%) $468,657 (32.7%) 0.66 221
    2022-03-01 $269,000 (29.1%) $475,810 (29.7%) 0.67 214
    2022-04-01 $282,450 (22.2%) $482,424 (28.7%) 0.67 226
    2022-05-01 $290,798 (16.4%) $463,487 (18.0%) 0.66 289
    2022-06-01 $277,450 (13.9%) $398,035 (12.6%) 0.62 343
    2022-07-01 $289,900 (20.8%) $417,923 (18.1%) 0.65 400
    2022-08-01 $287,450 (25.2%) $422,136 (16.2%) 0.66 426
    2022-09-01 $292,978 (24.7%) $421,425 (3.8%) 0.68 428
    2022-10-01 $289,900 (11.5%) $430,221 (3.7%) 0.68 438
    2022-11-01 $294,350 (20.8%) $415,994 (8.1%) 0.71 453
    2022-12-01 $300,000 (20.1%) $423,817 (3.5%) 0.74 442
    2023-01-01 $320,000 (28.1%) $429,311 (-2.6%) 0.79 403
    2023-02-01 $323,069 (26.7%) $435,747 (-7.0%) 0.78 382
    2023-03-01 $320,000 (19.0%) $429,468 (-9.7%) 0.75 375
    2023-04-01 $319,992 (13.3%) $427,470 (-11.4%) 0.74 363
    2023-05-01 $328,693 (13.0%) $417,061 (-10.0%) 0.75 373
    2023-06-01 $340,725 (22.8%) $429,726 (8.0%) 0.77 384
    2023-07-01 $345,000 (19.0%) $446,323 (6.8%) 0.78 406
    2023-08-01 $329,675 (14.7%) $436,826 (3.5%) 0.76 462
    2023-09-01 $325,000 (10.9%) $429,117 (1.8%) 0.76 528
    2023-10-01 $322,500 (11.3%) $437,119 (1.6%) 0.76 578
    2023-11-01 $325,000 (10.4%) $435,960 (4.8%) 0.77 618
    2023-12-01 $319,000 (6.3%) $431,437 (1.8%) 0.78 584
    2024-01-01 $302,500 (-5.5%) $426,681 (-0.6%) 0.74 525
    2024-02-01 $300,000 (-7.1%) $438,240 (0.6%) 0.72 511
    2024-03-01 $315,000 (-1.6%) $440,936 (2.7%) 0.74 505
    Kingsport's median listing price for 2024-03-01 was $315,000, a difference of $-5,000 (-1.6%) versus the prior year and $15,000 versus the prior month.

    Kingsport's median listing price comes in at 74% of the national average.

    Kingsport's average listing price for 2024-03-01 was $440,936, a difference of $11,468 (2.7%) versus the prior year and $2,696 versus the prior month.

    For the 2024-03-01 period, Kingsport had 505 MLS listings, a difference of -6 listings (-1%) versus the prior month and 130 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kingsport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 1,840 sqft
    2018-02-01 102 days 1,800 sqft
    2018-03-01 99 days 1,800 sqft
    2018-04-01 77 days 1,828 sqft
    2018-05-01 70 days 1,851 sqft
    2018-06-01 65 days 1,871 sqft
    2018-07-01 66 days 1,943 sqft
    2018-08-01 69 days 1,939 sqft
    2018-09-01 75 days 1,962 sqft
    2018-10-01 82 days 1,939 sqft
    2018-11-01 88 days 1,883 sqft
    2018-12-01 100 days 1,883 sqft
    2019-01-01 109 days 1,734 sqft
    2019-02-01 110 days 1,779 sqft
    2019-03-01 90 days 1,870 sqft
    2019-04-01 65 days 1,980 sqft
    2019-05-01 58 days 2,001 sqft
    2019-06-01 61 days 2,012 sqft
    2019-07-01 68 days 2,028 sqft
    2019-08-01 70 days 2,062 sqft
    2019-09-01 69 days 2,035 sqft
    2019-10-01 67 days 2,002 sqft
    2019-11-01 74 days 1,993 sqft
    2019-12-01 87 days 2,048 sqft
    2020-01-01 100 days 2,038 sqft
    2020-02-01 102 days 1,950 sqft
    2020-03-01 81 days 2,000 sqft
    2020-04-01 71 days 1,990 sqft
    2020-05-01 76 days 2,006 sqft
    2020-06-01 74 days 1,998 sqft
    2020-07-01 58 days 1,991 sqft
    2020-08-01 50 days 2,024 sqft
    2020-09-01 45 days 1,954 sqft
    2020-10-01 45 days 1,917 sqft
    2020-11-01 46 days 1,908 sqft
    2020-12-01 55 days 1,924 sqft
    2021-01-01 68 days 1,877 sqft
    2021-02-01 73 days 1,871 sqft
    2021-03-01 47 days 1,870 sqft
    2021-04-01 34 days 1,810 sqft
    2021-05-01 29 days 1,846 sqft
    2021-06-01 26 days 1,850 sqft
    2021-07-01 30 days 1,850 sqft
    2021-08-01 32 days 1,837 sqft
    2021-09-01 38 days 1,879 sqft
    2021-10-01 40 days 2,052 sqft
    2021-11-01 48 days 1,852 sqft
    2021-12-01 45 days 1,788 sqft
    2022-01-01 52 days 1,807 sqft
    2022-02-01 37 days 1,770 sqft
    2022-03-01 27 days 1,810 sqft
    2022-04-01 18 days 1,802 sqft
    2022-05-01 21 days 1,836 sqft
    2022-06-01 24 days 1,788 sqft
    2022-07-01 30 days 1,896 sqft
    2022-08-01 34 days 1,932 sqft
    2022-09-01 39 days 1,881 sqft
    2022-10-01 47 days 1,869 sqft
    2022-11-01 46 days 1,885 sqft
    2022-12-01 57 days 1,869 sqft
    2023-01-01 66 days 1,905 sqft
    2023-02-01 61 days 1,946 sqft
    2023-03-01 53 days 1,953 sqft
    2023-04-01 40 days 1,928 sqft
    2023-05-01 37 days 2,012 sqft
    2023-06-01 39 days 1,990 sqft
    2023-07-01 39 days 1,926 sqft
    2023-08-01 36 days 1,924 sqft
    2023-09-01 37 days 1,910 sqft
    2023-10-01 42 days 1,927 sqft
    2023-11-01 49 days 1,948 sqft
    2023-12-01 59 days 1,925 sqft
    2024-01-01 71 days 1,890 sqft
    2024-02-01 72 days 1,869 sqft
    2024-03-01 53 days 1,860 sqft
    Kingsport's median listing age (time on market) for 2024-03-01 was 53 days. This is 0% longer than the same period one year ago.

    Kingsport's median square footage for active listings during the 2024-03-01 period was 1,860 sqft. One year prior, the average listing was 1,953 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.