Lawrenceburg VA Loan Rates, Closing Costs & Stats

Lawrenceburg, 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.

Lawrenceburg's 31 lenders originated 69 VA loans during 2023. The total origination value was $20,085,000, with an average VA loan value of $291,087.

Lawrenceburg VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Lawrenceburg averaged 6.01% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

Lawrenceburg's average VA mortgage closing costs are $5,781.

The average rate for the prior week (2024-10-04) was 5.88% and one month ago for the week of 2024-09-06, the average rate was 5.57%.

The average rate one year ago was 7.44%.

For refis of the same type during the week of 2024-10-11, the average rate was 5.75%.

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

Lawrenceburg 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 Lawrenceburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 16 6.42% $7,287
QUICKEN LOANS, LLC 7 5.94% $12,686
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.38% $6,489
UNITED WHOLESALE MORTGAGE, LLC 4 6.20% $6,473
FREEDOM MORTGAGE CORPORATION 3 6.25% $11,090
NAVY FEDERAL CREDIT UNION 2 5.44% $6,512
FIRST COMMUNITY MORTGAGE, INC. 2 6.88% $15,224
The Federal Savings Bank 2 5.94% $16,787
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.25% $2,096
HOMESIDE FINANCIAL, LLC 2 6.06% $21,565
AMCAP MORTGAGE, LTD. 2 6.31% $6,183
NEWREZ LLC 1 7.25% $15,398
NFM, INC. 1 6.63% $21,742
PENNYMAC LOAN SERVICES, LLC 1 5.00% $17,211
PLANET HOME LENDING, LLC 1 6.75% $2,719
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $14,901
RELIANCE FIRST CAPITAL, LLC 1 7.25% $1,809
Renasant Bank 1 6.25% $5,684
ROSS MORTGAGE CORPORATION 1 6.50% $16,017
TOWNE MORTGAGE COMPANY 1 6.50% $22,050
USAA Federal Savings Bank 1 5.75% $6,687
BancorpSouth 1 6.50% $5,579
Barrington Bank & Trust Company, N.A. 1 6.25% $10,804
CIS Financial Services, Inc. 1 6.88% $9,714
Flagstar Bank, FSB 1 6.13% $4,710
INTERLINC MORTGAGE SERVICES, LLC 1 7.25% $5,015
LOANDEPOT.COM, LLC 1 5.99% $13,938
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $8,131
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $3,896
Nations Lending Corporation 1 6.25% $12,706
NBKC BANK 1 5.88% $9,222

The top Lawrenceburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 16 VA loans originated. Their average total fees are $7,287, which is $5,399 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Lawrenceburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,287), .

The lowest rate Lawrenceburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.42%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lawrenceburg (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 $169,900 (21.4%) $221,637 (10.2%) 0.00 108
2018-02-01 $165,475 (15.2%) $213,378 (7.0%) 0.00 116
2018-03-01 $168,500 (16.3%) $219,198 (10.0%) 0.00 114
2018-04-01 $174,900 (17.4%) $238,578 (18.0%) 0.00 107
2018-05-01 $177,675 (10.0%) $238,035 (11.5%) 0.00 113
2018-06-01 $179,900 (20.0%) $239,190 (13.6%) 0.00 113
2018-07-01 $184,900 (15.6%) $236,504 (18.1%) 0.00 117
2018-08-01 $170,425 (-1.1%) $222,943 (4.7%) 0.00 123
2018-09-01 $186,000 (3.6%) $229,494 (9.1%) 0.00 127
2018-10-01 $172,825 (-3.9%) $242,658 (5.0%) 0.00 139
2018-11-01 $167,875 (-6.7%) $245,114 (6.7%) 0.00 139
2018-12-01 $184,900 (5.7%) $254,582 (12.8%) 0.00 128
2019-01-01 $195,700 (15.2%) $259,477 (17.1%) 0.00 109
2019-02-01 $185,975 (12.4%) $255,726 (19.9%) 0.00 103
2019-03-01 $188,243 (11.7%) $260,135 (18.7%) 0.00 103
2019-04-01 $193,450 (10.6%) $254,924 (6.9%) 0.00 104
2019-05-01 $233,750 (31.6%) $294,801 (23.9%) 0.00 100
2019-06-01 $235,000 (30.6%) $294,066 (22.9%) 0.00 114
2019-07-01 $231,225 (25.1%) $284,766 (20.4%) 0.00 123
2019-08-01 $230,359 (35.2%) $285,097 (27.9%) 0.00 125
2019-09-01 $224,223 (20.6%) $281,348 (22.6%) 0.00 130
2019-10-01 $218,725 (26.6%) $277,850 (14.5%) 0.00 138
2019-11-01 $215,000 (28.1%) $265,003 (8.1%) 0.00 142
2019-12-01 $217,450 (17.6%) $267,354 (5.0%) 0.00 134
2020-01-01 $219,450 (12.1%) $269,590 (3.9%) 0.00 125
2020-02-01 $222,450 (19.6%) $277,073 (8.4%) 0.00 119
2020-03-01 $234,925 (24.8%) $284,975 (9.6%) 0.00 113
2020-04-01 $225,161 (16.4%) $279,046 (9.5%) 0.00 106
2020-05-01 $216,000 (-7.6%) $289,979 (-1.6%) 0.00 104
2020-06-01 $222,175 (-5.5%) $304,627 (3.6%) 0.00 93
2020-07-01 $232,350 (0.5%) $302,352 (6.2%) 0.00 90
2020-08-01 $235,000 (2.0%) $328,189 (15.1%) 0.00 71
2020-09-01 $237,450 (5.9%) $315,472 (12.1%) 0.00 69
2020-10-01 $230,950 (5.6%) $316,379 (13.9%) 0.00 71
2020-11-01 $236,000 (9.8%) $318,444 (20.2%) 0.00 77
2020-12-01 $230,850 (6.2%) $312,985 (17.1%) 0.00 72
2021-01-01 $239,900 (9.3%) $331,577 (23.0%) 0.00 65
2021-02-01 $244,900 (10.1%) $340,176 (22.8%) 0.00 51
2021-03-01 $249,225 (6.1%) $356,459 (25.1%) 0.00 47
2021-04-01 $254,500 (13.0%) $365,316 (30.9%) 0.00 48
2021-05-01 $294,000 (36.1%) $400,070 (38.0%) 0.00 43
2021-06-01 $263,700 (18.7%) $389,944 (28.0%) 0.00 47
2021-07-01 $299,000 (28.7%) $389,214 (28.7%) 0.00 70
2021-08-01 $294,675 (25.4%) $390,947 (19.1%) 0.00 89
2021-09-01 $270,850 (14.1%) $332,644 (5.4%) 0.00 94
2021-10-01 $269,000 (16.5%) $331,738 (4.9%) 0.00 98
2021-11-01 $279,475 (18.4%) $356,375 (11.9%) 0.00 95
2021-12-01 $280,000 (21.3%) $368,874 (17.9%) 0.00 89
2022-01-01 $274,900 (14.6%) $341,931 (3.1%) 0.00 75
2022-02-01 $279,900 (14.3%) $347,708 (2.2%) 0.00 52
2022-03-01 $327,000 (31.2%) $476,903 (33.8%) 0.00 54
2022-04-01 $307,000 (20.6%) $479,753 (31.3%) 0.00 70
2022-05-01 $339,950 (15.6%) $467,348 (16.8%) 0.00 83
2022-06-01 $345,975 (31.2%) $460,902 (18.2%) 0.00 95
2022-07-01 $342,450 (14.5%) $428,391 (10.1%) 0.00 112
2022-08-01 $324,450 (10.1%) $435,295 (11.3%) 0.00 115
2022-09-01 $320,950 (18.5%) $412,567 (24.0%) 0.00 126
2022-10-01 $327,450 (21.7%) $402,908 (21.5%) 0.00 139
2022-11-01 $345,817 (23.7%) $415,511 (16.6%) 0.00 144
2022-12-01 $335,000 (19.6%) $410,606 (11.3%) 0.00 141
2023-01-01 $331,225 (20.5%) $401,024 (17.3%) 0.00 137
2023-02-01 $339,700 (21.4%) $407,713 (17.3%) 0.00 122
2023-03-01 $349,800 (7.0%) $413,403 (-13.3%) 0.00 104
2023-04-01 $341,250 (11.2%) $411,087 (-14.3%) 0.00 92
2023-05-01 $337,500 (-0.7%) $431,574 (-7.7%) 0.00 84
2023-06-01 $349,950 (1.2%) $438,517 (-4.9%) 0.00 85
2023-07-01 $342,450 (0.0%) $438,619 (2.4%) 0.00 103
2023-08-01 $372,375 (14.8%) $458,816 (5.4%) 0.00 121
2023-09-01 $361,000 (12.5%) $439,932 (6.6%) 0.00 116
2023-10-01 $350,000 (6.9%) $413,118 (2.5%) 0.00 118
2023-11-01 $348,000 (0.6%) $399,001 (-4.0%) 0.00 128
2023-12-01 $349,450 (4.3%) $409,646 (-0.2%) 0.00 127
2024-01-01 $347,000 (4.8%) $401,462 (0.1%) 0.00 125
2024-02-01 $359,000 (5.7%) $397,012 (-2.6%) 0.00 120
2024-03-01 $359,999 (2.9%) $397,008 (-4.0%) 0.00 128
2024-04-01 $354,450 (3.9%) $388,408 (-5.5%) 0.00 131
2024-05-01 $349,000 (3.4%) $395,182 (-8.4%) 0.00 145
2024-06-01 $347,000 (-0.8%) $379,231 (-13.5%) 0.00 154
2024-07-01 $339,900 (-0.7%) $390,292 (-11.0%) 0.00 164
2024-08-01 $339,000 (-9.0%) $385,589 (-16.0%) 0.00 176
2024-09-01 $339,675 (-5.9%) $387,199 (-12.0%) 0.00 182
Lawrenceburg's median listing price for 2024-09-01 was $339,675, a difference of $-21,325 (-5.9%) versus the prior year and $675 versus the prior month.

Lawrenceburg's median listing price comes in at 0% of the national average.

Lawrenceburg's average listing price for 2024-09-01 was $387,199, a difference of $-52,733 (-12.0%) versus the prior year and $1,610 versus the prior month.

For the 2024-09-01 period, Lawrenceburg had 182 MLS listings, a difference of 6 listings (3%) versus the prior month and 66 listings (57%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lawrenceburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,904 sqft
2018-02-01 0 days 1,817 sqft
2018-03-01 0 days 1,828 sqft
2018-04-01 0 days 1,841 sqft
2018-05-01 0 days 1,837 sqft
2018-06-01 0 days 1,850 sqft
2018-07-01 0 days 1,882 sqft
2018-08-01 0 days 1,803 sqft
2018-09-01 0 days 1,812 sqft
2018-10-01 0 days 1,792 sqft
2018-11-01 0 days 1,795 sqft
2018-12-01 0 days 1,824 sqft
2019-01-01 0 days 1,873 sqft
2019-02-01 0 days 1,835 sqft
2019-03-01 0 days 1,902 sqft
2019-04-01 0 days 1,917 sqft
2019-05-01 0 days 2,044 sqft
2019-06-01 0 days 2,139 sqft
2019-07-01 0 days 1,944 sqft
2019-08-01 0 days 1,926 sqft
2019-09-01 0 days 1,932 sqft
2019-10-01 0 days 1,929 sqft
2019-11-01 0 days 1,836 sqft
2019-12-01 0 days 1,855 sqft
2020-01-01 0 days 1,887 sqft
2020-02-01 0 days 1,913 sqft
2020-03-01 0 days 1,938 sqft
2020-04-01 0 days 1,874 sqft
2020-05-01 0 days 1,825 sqft
2020-06-01 0 days 1,770 sqft
2020-07-01 0 days 1,743 sqft
2020-08-01 0 days 1,770 sqft
2020-09-01 0 days 1,809 sqft
2020-10-01 0 days 1,731 sqft
2020-11-01 0 days 1,659 sqft
2020-12-01 0 days 1,629 sqft
2021-01-01 0 days 1,750 sqft
2021-02-01 0 days 1,691 sqft
2021-03-01 0 days 1,796 sqft
2021-04-01 0 days 1,749 sqft
2021-05-01 0 days 1,942 sqft
2021-06-01 0 days 1,822 sqft
2021-07-01 0 days 1,880 sqft
2021-08-01 0 days 1,867 sqft
2021-09-01 0 days 1,760 sqft
2021-10-01 0 days 1,776 sqft
2021-11-01 0 days 1,932 sqft
2021-12-01 0 days 1,921 sqft
2022-01-01 0 days 1,861 sqft
2022-02-01 0 days 1,888 sqft
2022-03-01 0 days 1,965 sqft
2022-04-01 0 days 1,904 sqft
2022-05-01 0 days 1,961 sqft
2022-06-01 0 days 1,933 sqft
2022-07-01 0 days 1,784 sqft
2022-08-01 0 days 1,817 sqft
2022-09-01 0 days 1,800 sqft
2022-10-01 0 days 1,838 sqft
2022-11-01 0 days 1,897 sqft
2022-12-01 0 days 1,891 sqft
2023-01-01 0 days 1,859 sqft
2023-02-01 0 days 1,837 sqft
2023-03-01 0 days 1,833 sqft
2023-04-01 0 days 1,726 sqft
2023-05-01 0 days 1,833 sqft
2023-06-01 0 days 1,743 sqft
2023-07-01 0 days 1,682 sqft
2023-08-01 0 days 1,716 sqft
2023-09-01 0 days 1,633 sqft
2023-10-01 0 days 1,723 sqft
2023-11-01 0 days 1,725 sqft
2023-12-01 0 days 1,718 sqft
2024-01-01 0 days 1,668 sqft
2024-02-01 0 days 1,697 sqft
2024-03-01 0 days 1,672 sqft
2024-04-01 0 days 1,714 sqft
2024-05-01 0 days 1,714 sqft
2024-06-01 0 days 1,727 sqft
2024-07-01 0 days 1,727 sqft
2024-08-01 0 days 1,701 sqft
2024-09-01 0 days 1,702 sqft
Lawrenceburg's median listing age (time on market) for 2024-09-01 was 0 days.

Lawrenceburg's median square footage for active listings during the 2024-09-01 period was 1,702 sqft. One year prior, the average listing was 1,633 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.