Lebanon VA Loan Rates, Closing Costs & Stats

Lebanon, NH-VT

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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 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.

    Lebanon's 48 lenders originated 260 VA loans during 2022. The total origination value was $71,510,000, with an average VA loan value of $275,038.

    Lebanon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lebanon averaged -0.12% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Lebanon's average VA mortgage closing costs are $5,179.

    The average rate for the prior week (2023-11-17) was 6.63% and one month ago for the week of 2023-10-20, the average rate was 6.96%.

    The average rate one year ago was 5.97%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.16%.

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

    Lebanon 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 Lebanon level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 64 5.23% $6,993
    QUICKEN LOANS, LLC 26 3.73% $10,976
    NAVY FEDERAL CREDIT UNION 14 4.04% $8,223
    UNITED WHOLESALE MORTGAGE, LLC 13 4.32% $5,410
    PENNYMAC LOAN SERVICES, LLC 12 4.23% $10,766
    USAA Federal Savings Bank 12 3.98% $6,819
    LOANDEPOT.COM, LLC 9 3.96% $11,028
    FREEDOM MORTGAGE CORPORATION 8 4.38% $11,586
    EMM LOANS LLC 7 5.46% $6,481
    Mr. Cooper ( Nationstar Mortgage ) 7 4.64% $14,242
    CMG MORTGAGE, INC. 7 5.71% $9,670
    Barrington Bank & Trust Company, N.A. 6 4.81% $7,858
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 5.09% $10,094
    BROKER SOLUTIONS, INC. 4 4.94% $7,368
    HARBORONE MORTGAGE, LLC 4 4.69% $11,807
    MOVEMENT MORTGAGE, LLC 3 5.00% $8,087
    NEW DAY FINANCIAL, LLC 3 4.87% $11,061
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.75% $11,784
    AMERISAVE MORTGAGE CORPORATION 2 5.19% $14,318
    RELIANCE FIRST CAPITAL, LLC 2 4.44% $7,431
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.69% $15,771
    LAKEVIEW LOAN SERVICING, LLC 2 4.19% $2,856
    TOTAL MORTGAGE SERVICES, LLC 1 4.00% $10,989
    Truist 1 5.10% $4,632
    Union Bank 1 3.75% $11,206
    AMERICAN FINANCING CORPORATION 1 4.63% $10,782
    Wells Fargo Bank 1 5.13% $0
    American Mortgage & Equity Consultants, Inc. 1 4.63% $4,554
    CALIBER HOME LOANS, INC. 1 4.25% $6,702
    Carrington Mortgage Services, LLC 1 3.75% $2,254
    CONTOUR MORTGAGE CORPORATION 1 4.75% $7,041
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $1,110
    ENVOY MORTGAGE, LTD 1 4.50% $13,883
    EVERETT FINANCIAL, INC. 1 5.13% $8,654
    Evolve Bank & Trust 1 3.00% $18,263
    Flagstar Bank, FSB 1 5.75% $9,619
    GUARANTEED RATE, INC. 1 4.50% $4,138
    GUILD MORTGAGE COMPANY 1 6.75% $7,764
    HANSCOM 1 6.25% $2,894
    Magnolia Bank 1 4.75% $12,532
    MEMBER FIRST MORTGAGE, LLC 1 4.38% $4,509
    Nations Lending Corporation 1 5.75% $13,192
    PENTAGON FEDERAL CREDIT UNION 1 3.88% $1,762
    PLAZA HOME MORTGAGE, INC. 1 4.63% $7,772
    Prosperity Home Mortgage, LLC 1 6.13% $16,133
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.00% $8,806
    Texana Bank 1 5.25% $4,786
    The Federal Savings Bank 1 5.25% $11,550

    The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 64 VA loans originated. Their average total fees are $6,993, which is $3,983 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lebanon VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,410), USAA Federal Savings Bank ($6,819), Mortgage Research Center, LLC ($6,993), NAVY FEDERAL CREDIT UNION ($8,223) and PENNYMAC LOAN SERVICES, LLC ($10,766).

    The lowest rate Lebanon VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.73%), USAA Federal Savings Bank (3.98%), NAVY FEDERAL CREDIT UNION (4.04%), PENNYMAC LOAN SERVICES, LLC (4.23%) and UNITED WHOLESALE MORTGAGE, LLC (4.32%).

    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.