Kingsport VA Loans

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 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.