Kingsport VA Loan Rates, Closing Costs & Stats

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 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 7.02% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.77% and one month ago for the week of 2024-03-08, the average rate was 6.8%.

The average rate one year ago was 6.3%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.93%.

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.