Knoxville VA Loan Rates, Closing Costs & Stats
KNOXVILLE, TN
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.
Knoxville's 146 lenders originated 1,995 VA
loans during 2024. The total origination value was $758,235,000, with an average VA loan value of
$380,068.
Knoxville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Knoxville
averaged
0.6%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Knoxville's average VA mortgage closing costs are $6,544.
The average rate for the prior week (2025-06-13) was
6.64% and
one month ago for the week of 2025-05-16, the
average rate was 6.8%.
The average rate one year ago was 6.7%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.05%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Knoxville 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 Knoxville level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
Mortgage Research Center, LLC
|
269
|
6.29%
|
$7,268
|
UNITED WHOLESALE MORTGAGE, LLC
|
210
|
5.97%
|
$8,347
|
MORTGAGE INVESTORS GROUP, INC.
|
146
|
6.12%
|
$7,939
|
QUICKEN LOANS, LLC
|
143
|
6.00%
|
$10,986
|
FREEDOM MORTGAGE CORPORATION
|
116
|
6.17%
|
$10,028
|
PENNYMAC LOAN SERVICES, LLC
|
66
|
5.72%
|
$10,822
|
DHI MORTGAGE COMPANY, LTD.
|
63
|
6.22%
|
$6,236
|
NAVY FEDERAL CREDIT UNION
|
56
|
5.96%
|
$6,125
|
MOVEMENT MORTGAGE, LLC
|
41
|
6.37%
|
$9,595
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
36
|
6.38%
|
$9,478
|
NEW DAY FINANCIAL, LLC
|
35
|
7.26%
|
$12,737
|
FIRST COMMUNITY MORTGAGE, INC.
|
34
|
6.30%
|
$7,099
|
STOCKTON MORTGAGE CORPORATION
|
33
|
5.95%
|
$10,000
|
USAA Federal Savings Bank
|
33
|
6.03%
|
$7,347
|
NEWREZ LLC
|
31
|
6.00%
|
$8,921
|
CMG MORTGAGE, INC.
|
30
|
6.05%
|
$11,234
|
VILLAGE CAPITAL MORTGAGE
|
22
|
5.75%
|
$8,811
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
21
|
6.16%
|
$10,144
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
18
|
6.12%
|
$9,557
|
Gateway First Bank
|
16
|
6.66%
|
$10,420
|
The Federal Savings Bank
|
16
|
6.20%
|
$16,610
|
Mr. Cooper ( Nationstar Mortgage )
|
14
|
6.26%
|
$10,139
|
Countybank
|
14
|
6.36%
|
$6,812
|
LOANDEPOT.COM, LLC
|
13
|
6.22%
|
$10,234
|
LAKEVIEW LOAN SERVICING, LLC
|
13
|
5.72%
|
$6,475
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
12
|
7.36%
|
$6,630
|
BROKER SOLUTIONS, INC.
|
12
|
6.50%
|
$12,496
|
CROSSCOUNTRY MORTGAGE, LLC
|
12
|
6.41%
|
$12,997
|
FIRST COLONY MORTGAGE CORPORATION
|
12
|
6.18%
|
$8,139
|
AMERICAN FINANCIAL NETWORK, INC.
|
12
|
6.34%
|
$11,667
|
Barrington Bank & Trust Company, N.A.
|
11
|
6.41%
|
$8,168
|
Carrington Mortgage Services, LLC
|
11
|
5.98%
|
$10,069
|
UNION HOME MORTGAGE CORP.
|
11
|
6.22%
|
$11,824
|
GUARANTEED RATE, INC.
|
9
|
5.84%
|
$9,736
|
Magnolia Bank
|
8
|
5.47%
|
$19,808
|
Pinnacle Bank
|
8
|
6.00%
|
$15,834
|
Equity Prime Mortgage LLC
|
7
|
6.29%
|
$10,261
|
NBKC BANK
|
7
|
6.02%
|
$6,423
|
AMERISAVE MORTGAGE CORPORATION
|
7
|
5.79%
|
$23,129
|
The Loan Store, Inc.
|
7
|
6.12%
|
$10,913
|
First Federal Bank
|
7
|
5.57%
|
$6,408
|
HOMESIDE FINANCIAL, LLC
|
6
|
6.63%
|
$9,366
|
PLAZA HOME MORTGAGE, INC.
|
6
|
6.06%
|
$12,078
|
CARDINAL FINANCIAL
|
6
|
6.83%
|
$8,879
|
ABSOLUTE HOME MORTGAGE CORPORATION
|
6
|
6.92%
|
$7,740
|
PLANET HOME LENDING, LLC
|
6
|
6.06%
|
$7,524
|
United Community Bank
|
5
|
6.50%
|
$7,356
|
AMERICAN FINANCIAL RESOURCES, INC.
|
5
|
6.43%
|
$7,611
|
AmeriHome Mortgage Company, LLC
|
5
|
6.17%
|
$4,690
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
5
|
6.00%
|
$17,878
|
FirstBank
|
5
|
6.50%
|
$6,422
|
PREMIA MORTGAGE, LLC
|
5
|
5.54%
|
$3,472
|
CANOPY MORTGAGE, LLC
|
5
|
6.32%
|
$21,859
|
Regions Bank
|
4
|
6.25%
|
$13,577
|
CLEARPATH LENDING
|
4
|
5.97%
|
$5,944
|
EVERETT FINANCIAL, INC.
|
4
|
6.69%
|
$11,355
|
Flagstar Bank, FSB
|
4
|
6.40%
|
$9,538
|
GUILD MORTGAGE COMPANY
|
4
|
6.34%
|
$8,398
|
LOANPAL, LLC
|
4
|
5.56%
|
$11,145
|
PENTAGON FEDERAL CREDIT UNION
|
4
|
5.81%
|
$4,726
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
4
|
6.38%
|
$1,471
|
RELIANCE FIRST CAPITAL, LLC
|
4
|
6.69%
|
$10,899
|
Renasant Bank
|
4
|
6.09%
|
$2,062
|
SUN WEST MORTGAGE COMPANY, INC.
|
4
|
6.34%
|
$7,829
|
TOWNE MORTGAGE COMPANY
|
4
|
6.47%
|
$9,147
|
Truist
|
4
|
6.20%
|
$6,285
|
U.S. Bank
|
4
|
6.59%
|
$8,735
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
4
|
6.06%
|
$7,832
|
CHURCHILL MORTGAGE CORPORATION
|
3
|
6.38%
|
$13,914
|
VERITAS FUNDING, LLC
|
3
|
5.88%
|
$23,513
|
MORTGAGEONE, INC.
|
3
|
6.63%
|
$5,556
|
COMMUNITY MORTGAGE CORPORATION
|
3
|
6.00%
|
$8,233
|
NFM, INC.
|
3
|
6.29%
|
$8,976
|
Sierra Pacific Mortgage Company, Inc.
|
3
|
6.63%
|
$5,096
|
Princeton Mortgage Corporation
|
3
|
6.04%
|
$7,784
|
Waterstone Mortgage Corporation
|
3
|
6.71%
|
$9,507
|
VAN DYK MORTGAGE CORPORATION
|
3
|
6.04%
|
$13,295
|
Century Mortgage Company DBA Century Lending Company
|
3
|
6.54%
|
$7,570
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
2
|
6.00%
|
$9,786
|
GENEVA FINANCIAL, LLC
|
2
|
7.19%
|
$3,644
|
Wolfe Financial, Inc
|
2
|
7.00%
|
$17,500
|
MID AMERICA MORTGAGE, INC.
|
2
|
7.25%
|
$6,276
|
First Horizon Bank
|
2
|
6.31%
|
$3,633
|
EMM LOANS LLC
|
2
|
6.63%
|
$12,020
|
Nations Lending Corporation
|
2
|
6.50%
|
$13,510
|
NORTHERN MORTGAGE SERVICES, LLC
|
2
|
5.94%
|
$5,164
|
ON Q FINANCIAL, INC.
|
2
|
6.00%
|
$10,889
|
Prosperity Home Mortgage, LLC
|
2
|
6.31%
|
$6,567
|
SeaTrust Mortgage Company
|
2
|
6.31%
|
$17,966
|
SmartBank
|
2
|
6.00%
|
$11,319
|
SOUTHWEST FUNDING, LP
|
2
|
6.94%
|
$13,293
|
SOUTHWEST STAGE FUNDING, LLC
|
2
|
6.38%
|
$3,338
|
Armed Forces Bank
|
2
|
6.13%
|
$3,539
|
Strong Home Mortgage, LLC
|
2
|
5.81%
|
$2,465
|
T2 FINANCIAL LLC
|
2
|
6.00%
|
$11,541
|
Texana Bank
|
2
|
7.31%
|
$21,266
|
Total Media Management, LLC
|
2
|
7.12%
|
$10,339
|
ALLIED MORTGAGE GROUP, INC.
|
2
|
6.69%
|
$7,809
|
GUARANTEED RATE AFFINITY, LLC
|
2
|
5.96%
|
$2,375
|
GoPrime Mortgage, Inc.
|
2
|
6.06%
|
$7,423
|
ALLIANT CREDIT UNION
|
2
|
5.94%
|
$8,740
|
HOMESTEAD FUNDING CORP.
|
2
|
5.88%
|
$654
|
Capital Bank
|
1
|
5.75%
|
$2,318
|
Bell Bank
|
1
|
7.25%
|
$2,852
|
PREMIER MORTGAGE RESOURCES, L.L.C.
|
1
|
5.63%
|
$11,971
|
Mid-Continent Funding, Inc.
|
1
|
5.88%
|
$24,667
|
FLAT BRANCH MORTGAGE, INC.
|
1
|
6.63%
|
$6,285
|
JPMorgan Chase Bank
|
1
|
6.25%
|
$19,169
|
BANKSOUTH MORTGAGE COMPANY, LLC
|
1
|
6.49%
|
$6,380
|
Bank of England
|
1
|
6.75%
|
$1,344
|
Vellum Mortgage, Inc.
|
1
|
6.75%
|
$6,050
|
LOANFLIGHT LENDING, LLC
|
1
|
5.88%
|
$5,804
|
ROYAL UNITED MORTGAGE LLC
|
1
|
5.13%
|
$13,627
|
American Mortgage Bank, LLC
|
1
|
7.25%
|
$23,817
|
GMFS LLC
|
1
|
6.63%
|
$5,960
|
AMERICAN FINANCING CORPORATION
|
1
|
6.75%
|
$12,897
|
South State Bank
|
1
|
6.13%
|
$7,044
|
HomePromise Corporation
|
1
|
7.00%
|
$7,965
|
GREENSTATE CREDIT UNION
|
1
|
6.13%
|
$4,438
|
Goldwater Bank, N.A.
|
1
|
8.99%
|
$13,913
|
INTERCOASTAL MORTGAGE COMPANY
|
1
|
6.25%
|
$6,120
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
7.13%
|
$13,521
|
AIR ACADEMY
|
1
|
5.99%
|
$5,111
|
Integrity Home Mortgage Corp
|
1
|
6.13%
|
$650
|
Home Federal Bank of Tennessee
|
1
|
5.75%
|
$5,907
|
Ameris Bank
|
1
|
6.50%
|
$20,514
|
The Huntington National Bank
|
1
|
6.00%
|
$20,939
|
Ixonia Bank
|
1
|
5.13%
|
$25,742
|
EMBRACE HOME LOANS, INC.
|
1
|
6.25%
|
$4,633
|
Eagle Bank and Trust Company
|
1
|
6.00%
|
$8,985
|
NATION ONE MORTGAGE CORPORATION
|
1
|
6.63%
|
$15,090
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
6.75%
|
$5,562
|
TOP FLITE FINANCIAL, INC.
|
1
|
6.75%
|
$9,620
|
DIRECT MORTGAGE LOANS, LLC
|
1
|
6.13%
|
$12,655
|
CU COMMUNITY, LLC
|
1
|
6.50%
|
$3,939
|
CONTOUR MORTGAGE CORPORATION
|
1
|
6.63%
|
$16,589
|
COMPASS MORTGAGE, INC.
|
1
|
6.13%
|
$12,059
|
Fifth Third Bank
|
1
|
6.50%
|
$3,445
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
1
|
6.38%
|
$7,758
|
Northpointe Bank
|
1
|
6.63%
|
$2,069
|
V.I.P. MORTGAGE, INC.
|
1
|
6.75%
|
$5,079
|
Paramount Residential Mortgage Group, Inc.
|
1
|
5.75%
|
$6,827
|
FIRST HOME MORTGAGE CORPORATION
|
1
|
6.13%
|
$3,638
|
ZILLOW HOME LOANS, LLC
|
1
|
7.00%
|
$8,146
|
MORIA DEVELOPMENT, INC.
|
1
|
5.63%
|
$6,600
|
MILEND, INC.
|
1
|
6.63%
|
$33,764
|
The top Knoxville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
269 VA loans originated. Their average total fees are
$7,268, which is $1,079
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Knoxville VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($6,125), DHI MORTGAGE COMPANY, LTD. ($6,236), LAKEVIEW LOAN SERVICING, LLC ($6,475), MORTGAGE SOLUTIONS OF COLORADO, LLC ($6,630) and Countybank ($6,812).
The lowest rate Knoxville VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC (5.72%), PENNYMAC LOAN SERVICES, LLC (5.72%), VILLAGE CAPITAL MORTGAGE (5.75%), STOCKTON MORTGAGE CORPORATION (5.95%) and NAVY FEDERAL CREDIT UNION (5.96%).
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.