Kingsport VA Loans

KINGSPORT-BRISTOL, TN-VA

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.

Kingsport's 97 lenders originated 1,075 VA loans during 2021. The total origination value was $234,335,000, with an average VA loan value of $217,986.

Kingsport VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kingsport averaged 5.97% 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 5.88% and one month ago for the week of 2022-04-15, the average rate was 5.54%.

The average rate one year ago was 3.34%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.43%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kingsport level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 137 2.89% $4,375
QUICKEN LOANS, LLC 119 2.48% $4,839
FREEDOM MORTGAGE CORPORATION 68 2.53% $2,443
PENNYMAC LOAN SERVICES, LLC 51 2.56% $4,471
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 48 3.15% $6,347
ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 3.24% $4,523
NEW DAY FINANCIAL, LLC 35 2.85% $6,127
VILLAGE CAPITAL & INVESTMENT LLC 30 2.39% $2,491
USAA Federal Savings Bank 27 2.85% $3,397
EASTMAN 23 3.63% $5,787
UNITED WHOLESALE MORTGAGE, LLC 23 2.68% $4,283
GUARANTEED RATE, INC. 20 2.74% $4,055
LOANDEPOT.COM, LLC 18 2.43% $3,774
CLEARPATH LENDING 18 2.42% $4,131
NAVY FEDERAL CREDIT UNION 16 2.49% $3,457
MOVEMENT MORTGAGE, LLC 16 2.77% $5,392
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 2.69% $5,310
CALIBER HOME LOANS, INC. 15 2.56% $4,097
MORTGAGE INVESTORS GROUP, INC. 15 2.88% $5,853
LAKEVIEW LOAN SERVICING, LLC 15 2.63% $2,484
HANCOCK MORTGAGE PARTNERS, LLC 14 2.93% $5,327
HOME POINT FINANCIAL CORPORATION 11 2.76% $3,208
Wells Fargo Bank 9 2.85% $4,076
Barrington Bank & Trust Company, N.A. 9 2.76% $4,493
The Federal Savings Bank 9 2.72% $8,266
Sierra Pacific Mortgage Company, Inc. 9 3.07% $3,658
BROKER SOLUTIONS, INC. 7 3.21% $5,034
DHI MORTGAGE COMPANY, LTD. 7 2.61% $7,515
STOCKTON MORTGAGE CORPORATION 7 2.98% $7,764
UNION HOME MORTGAGE CORP. 6 2.60% $4,821
Carrington Mortgage Services, LLC 6 3.63% $2,491
SUCCESS MORTGAGE PARTNERS, INC. 5 3.07% $6,800
CMG MORTGAGE, INC. 5 3.23% $6,570
InterContinental Capital Group, Inc 5 2.40% $3,058
Mid-Continent Funding, Inc. 5 2.83% $3,044
North American Savings Bank, F.S.B. 5 2.50% $2,015
CRESCENT MORTGAGE COMPANY 4 2.88% $8,102
Nations Lending Corporation 4 2.66% $6,532
Magnolia Bank 3 2.42% $6,483
RELIANCE FIRST CAPITAL, LLC 3 2.71% $3,126
PENTAGON FEDERAL CREDIT UNION 3 2.46% $5,108
SOVEREIGN LENDING GROUP INCORPORATED 3 2.88% $4,909
NP, Inc. 3 2.29% $5,686
Renasant Bank 3 2.67% $1,710
NEWREZ LLC 3 2.58% $1,297
Mr. Cooper ( Nationstar Mortgage ) 3 3.38% $2,476
CROSSCOUNTRY MORTGAGE, LLC 2 3.06% $9,191
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.63% $1,691
First Guaranty Mortgage Corporation 2 2.50% $2,169
Low VA Rates, LLC 2 2.31% $2,949
ACCELERATE MORTGAGE, LLC 2 2.25% $4,142
Bank of Tennessee 2 2.94% $3,164
PLANET HOME LENDING, LLC 2 2.69% $3,597
POLARIS HOME FUNDING CORP. 2 3.19% $6,040
A Mortgage Boutique, LLC 2 2.31% $9,652
AMERISAVE MORTGAGE CORPORATION 2 2.94% $3,892
AmeriHome Mortgage Company, LLC 2 3.06% $3,301
AMERICAN FINANCING CORPORATION 2 2.69% $1,815
Flagstar Bank, FSB 2 2.81% $3,667
CapStar Bank 1 3.38% $23,410
NBKC BANK 1 2.75% $1,924
CAPITAL CENTER, L.L.C. 1 2.63% $0
Valley National Bank 1 2.63% $6,804
TJC Mortgage, Inc. 1 2.25% $2,426
Northpointe Bank 1 3.25% $2,225
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.13% $2,002
OVM FINANCIAL, INC. 1 3.63% $22,535
Truist Bank 1 2.50% $3,828
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.88% $0
Pinnacle Bank 1 2.25% $2,689
Trustmark National Bank 1 2.50% $3,166
First Home Bank 1 2.50% $8,578
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.13% $2,213
Atlantic Union Bank 1 2.50% $0
ENDEAVOR CAPITAL, LLC. 1 2.50% $2,319
FIRST COMMUNITY MORTGAGE, INC. 1 2.88% $3,023
Republic Bank & Trust Company 1 3.00% $3,177
RESOURCE FINANCIAL SERVICES, INC. 1 2.25% $1,747
ROYAL UNITED MORTGAGE LLC 1 2.38% $15,362
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 2.75% $4,465
SIRVA MORTGAGE, INC. 1 3.00% $75
SIWELL, INC. 1 2.25% $2,489
GoPrime Mortgage, Inc. 1 2.63% $10,414
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.25% $3,052
ACADEMY MORTGAGE CORPORATION 1 2.75% $8,056
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $3,741
First Horizon Bank 1 2.63% $2,283
THRIVE MORTGAGE, LLC 1 2.63% $7,186
CONTOUR MORTGAGE CORPORATION 1 2.25% $2,129
MID AMERICA MORTGAGE, INC. 1 3.13% $2,192
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $12,648
MORTGAGE ACCESS CORP. 1 3.25% $3,137
Commerce Home Mortgage, Inc. 1 2.75% $3,001
Citizens Bank 1 3.25% $2,587
CHURCHILL MORTGAGE CORPORATION 1 2.63% $4,387
LEADERONE FINANCIAL CORPORATION 1 2.88% $0
KS StateBank 1 2.25% $12,615

The top Kingsport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 137 VA loans originated. Their average total fees are $4,375, which is $464 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Kingsport VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,443), LAKEVIEW LOAN SERVICING, LLC ($2,484), VILLAGE CAPITAL & INVESTMENT LLC ($2,491), HOME POINT FINANCIAL CORPORATION ($3,208) and USAA Federal Savings Bank ($3,397).

The lowest rate Kingsport VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.39%), CLEARPATH LENDING (2.42%), LOANDEPOT.COM, LLC (2.43%), QUICKEN LOANS, LLC (2.48%) and NAVY FEDERAL CREDIT UNION (2.49%).


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 $166,750 (11.2%) $259,244 (16.1%) 0.61 1,616
2018-02-01 $159,900 (3.2%) $255,267 (10.8%) 0.58 1,595
2018-03-01 $164,900 (-0.9%) $246,627 (-2.0%) 0.57 1,540
2018-04-01 $174,994 (3.0%) $259,614 (1.6%) 0.59 1,555
2018-05-01 $178,450 (5.0%) $261,096 (2.1%) 0.60 1,636
2018-06-01 $179,900 (5.9%) $260,183 (1.3%) 0.60 1,766
2018-07-01 $177,450 (4.4%) $253,726 (-2.7%) 0.59 1,836
2018-08-01 $174,994 (-2.3%) $252,236 (-6.1%) 0.58 1,845
2018-09-01 $175,000 (0.0%) $251,794 (-4.8%) 0.59 1,850
2018-10-01 $177,200 (2.7%) $256,878 (-2.1%) 0.59 1,877
2018-11-01 $174,450 (1.8%) $260,182 (-1.3%) 0.58 1,844
2018-12-01 $169,000 (1.1%) $260,042 (1.0%) 0.58 1,706
2019-01-01 $167,000 (0.2%) $245,881 (-5.2%) 0.58 1,570
2019-02-01 $165,000 (3.2%) $245,932 (-3.7%) 0.55 1,521
2019-03-01 $177,643 (7.7%) $263,040 (6.7%) 0.58 1,406
2019-04-01 $194,700 (11.3%) $285,207 (9.9%) 0.61 1,280
2019-05-01 $204,000 (14.3%) $289,318 (10.8%) 0.63 1,307
2019-06-01 $209,900 (16.7%) $295,996 (13.8%) 0.65 1,377
2019-07-01 $214,900 (21.1%) $297,297 (17.2%) 0.67 1,405
2019-08-01 $212,814 (21.6%) $298,742 (18.4%) 0.67 1,397
2019-09-01 $204,950 (17.1%) $298,950 (18.7%) 0.65 1,393
2019-10-01 $202,450 (14.3%) $293,072 (14.1%) 0.65 1,441
2019-11-01 $185,000 (6.1%) $269,091 (3.4%) 0.60 1,697
2019-12-01 $198,250 (17.3%) $288,108 (10.8%) 0.66 1,327
2020-01-01 $199,000 (19.2%) $290,186 (18.0%) 0.66 1,225
2020-02-01 $200,000 (21.2%) $297,585 (21.0%) 0.65 1,077
2020-03-01 $219,900 (23.8%) $311,610 (18.5%) 0.69 988
2020-04-01 $218,900 (12.4%) $311,997 (9.4%) 0.68 955
2020-05-01 $225,000 (10.3%) $322,721 (11.6%) 0.68 841
2020-06-01 $232,585 (10.8%) $331,945 (12.2%) 0.68 809
2020-07-01 $239,950 (11.7%) $339,281 (14.1%) 0.69 744
2020-08-01 $239,900 (12.7%) $339,208 (13.6%) 0.69 705
2020-09-01 $225,000 (9.8%) $328,829 (10.0%) 0.64 695
2020-10-01 $215,000 (6.2%) $317,228 (8.2%) 0.61 672
2020-11-01 $213,500 (15.4%) $332,265 (23.5%) 0.61 627
2020-12-01 $209,900 (5.9%) $346,471 (20.3%) 0.62 575
2021-01-01 $200,000 (0.5%) $361,768 (24.7%) 0.59 506
2021-02-01 $215,000 (7.5%) $379,727 (27.6%) 0.62 394
2021-03-01 $226,943 (3.2%) $411,618 (32.1%) 0.64 362
2021-04-01 $245,000 (11.9%) $410,796 (31.7%) 0.66 341
2021-05-01 $259,900 (15.5%) $421,813 (30.7%) 0.68 351
2021-06-01 $259,943 (11.8%) $388,897 (17.2%) 0.68 438
2021-07-01 $249,993 (4.2%) $385,499 (13.6%) 0.65 457
2021-08-01 $247,450 (3.2%) $395,192 (16.5%) 0.65 497
2021-09-01 $249,450 (10.9%) $443,405 (34.8%) 0.66 490
2021-10-01 $269,900 (25.5%) $439,943 (38.7%) 0.71 467
2021-11-01 $250,500 (17.3%) $416,383 (25.3%) 0.66 437
2021-12-01 $249,950 (19.1%) $438,175 (26.5%) 0.67 376
2022-01-01 $249,900 (25.0%) $481,166 (33.0%) 0.67 291
2022-02-01 $264,500 (23.0%) $510,470 (34.4%) 0.67 256
2022-03-01 $277,000 (22.1%) $511,338 (24.2%) 0.68 244
2022-04-01 $289,000 (18.0%) $510,307 (24.2%) 0.68 257
Kingsport's median listing price for 2022-04-01 was $289,000, a difference of $44,000 (18.0%) versus the prior year and $12,000 versus the prior month.

Kingsport's median listing price comes in at 68% of the national average.

Kingsport's average listing price for 2022-04-01 was $510,307, a difference of $99,511 (24.2%) versus the prior year and $-1,031 versus the prior month.

For the 2022-04-01 period, Kingsport had 257 MLS listings, a difference of 13 listings (5%) versus the prior month and -84 listings (-25%) 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
2018-01-01 115 days 1,887 sqft
2018-02-01 114 days 1,831 sqft
2018-03-01 115 days 1,820 sqft
2018-04-01 92 days 1,866 sqft
2018-05-01 82 days 1,926 sqft
2018-06-01 77 days 1,979 sqft
2018-07-01 73 days 1,996 sqft
2018-08-01 79 days 1,987 sqft
2018-09-01 85 days 1,998 sqft
2018-10-01 92 days 1,988 sqft
2018-11-01 99 days 1,914 sqft
2018-12-01 113 days 1,942 sqft
2019-01-01 120 days 1,787 sqft
2019-02-01 122 days 1,808 sqft
2019-03-01 106 days 1,918 sqft
2019-04-01 76 days 2,059 sqft
2019-05-01 67 days 2,084 sqft
2019-06-01 70 days 2,089 sqft
2019-07-01 73 days 2,124 sqft
2019-08-01 79 days 2,122 sqft
2019-09-01 79 days 2,086 sqft
2019-10-01 76 days 2,047 sqft
2019-11-01 78 days 2,000 sqft
2019-12-01 91 days 2,076 sqft
2020-01-01 104 days 2,085 sqft
2020-02-01 109 days 2,002 sqft
2020-03-01 97 days 2,046 sqft
2020-04-01 79 days 2,016 sqft
2020-05-01 83 days 2,044 sqft
2020-06-01 85 days 2,021 sqft
2020-07-01 68 days 2,040 sqft
2020-08-01 63 days 2,074 sqft
2020-09-01 52 days 2,005 sqft
2020-10-01 53 days 1,965 sqft
2020-11-01 53 days 1,946 sqft
2020-12-01 58 days 1,985 sqft
2021-01-01 72 days 1,945 sqft
2021-02-01 79 days 1,945 sqft
2021-03-01 62 days 1,960 sqft
2021-04-01 41 days 1,883 sqft
2021-05-01 34 days 1,904 sqft
2021-06-01 31 days 1,919 sqft
2021-07-01 36 days 1,902 sqft
2021-08-01 34 days 1,903 sqft
2021-09-01 41 days 1,902 sqft
2021-10-01 44 days 2,049 sqft
2021-11-01 51 days 1,856 sqft
2021-12-01 52 days 1,793 sqft
2022-01-01 57 days 1,802 sqft
2022-02-01 45 days 1,842 sqft
2022-03-01 36 days 1,887 sqft
2022-04-01 24 days 1,815 sqft
Kingsport's median listing age (time on market) for 2022-04-01 was 24 days. This is -41% shorter than the same period one year ago.

Kingsport's median square footage for active listings during the 2022-04-01 period was 1,815 sqft. One year prior, the average listing was 1,883 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.