Lebanon VA Loans

Lebanon, NH-VT

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.

Lebanon's 70 lenders originated 490 VA loans during 2021. The total origination value was $117,050,000, with an average VA loan value of $238,878.

Lebanon VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Lebanon averaged 5.29% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.54% and one month ago for the week of 2022-07-01, the average rate was 5.66%.

The average rate one year ago was 2.94%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.37%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lebanon level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 77 2.90% $4,865
QUICKEN LOANS, LLC 65 2.41% $3,363
PENNYMAC LOAN SERVICES, LLC 36 2.54% $4,551
USAA Federal Savings Bank 26 2.97% $4,038
FREEDOM MORTGAGE CORPORATION 23 2.61% $1,979
NAVY FEDERAL CREDIT UNION 21 2.53% $6,974
NEW DAY FINANCIAL, LLC 13 2.64% $5,898
LOANDEPOT.COM, LLC 12 2.62% $4,059
UNITED WHOLESALE MORTGAGE, LLC 11 2.54% $6,573
Mr. Cooper ( Nationstar Mortgage ) 8 3.28% $2,832
Barrington Bank & Trust Company, N.A. 8 2.70% $4,895
LAKEVIEW LOAN SERVICING, LLC 7 2.92% $1,994
CMG MORTGAGE, INC. 6 2.50% $12,246
The Federal Savings Bank 5 2.45% $8,358
HARBORONE MORTGAGE, LLC 5 3.05% $4,097
CALIBER HOME LOANS, INC. 5 2.65% $2,791
RESIDENTIAL MORTGAGE SERVICES, INC. 5 3.08% $4,873
EMM LOANS LLC 4 3.09% $6,689
MOVEMENT MORTGAGE, LLC 4 2.81% $5,517
NBKC BANK 3 2.25% $2,066
Wells Fargo Bank 3 2.96% $3,000
Service Federal Credit Union 3 2.71% $3,434
NEWREZ LLC 3 2.83% $3,841
Low VA Rates, LLC 3 2.25% $4,858
CROSSCOUNTRY MORTGAGE, LLC 2 2.68% $3,416
BNC National Bank 2 2.38% $2,356
North American Savings Bank, F.S.B. 2 2.50% $1,410
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.06% $5,868
PENTAGON FEDERAL CREDIT UNION 2 2.25% $1,720
BROKER SOLUTIONS, INC. 2 2.31% $3,941
PLAZA HOME MORTGAGE, INC. 2 2.81% $5,156
AMERISAVE MORTGAGE CORPORATION 2 2.38% $4,814
ACCELERATE MORTGAGE, LLC 2 2.25% $3,405
GUARANTEED RATE AFFINITY, LLC 2 2.63% $5,313
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.56% $5,751
HOME POINT FINANCIAL CORPORATION 2 2.25% $931
Colonial Savings, F.A. 2 3.13% $1,779
EMBRACE HOME LOANS, INC. 2 3.00% $3,299
Wyndham Capital Mortgage, Inc. 1 2.38% $800
Advisors Mortgage Group, L.L.C. 1 2.75% $3,975
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.50% $550
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.50% $3,418
Arvest Bank 1 2.25% $4,682
Bank of England 1 3.00% $9,730
Carrington Mortgage Services, LLC 1 3.75% $619
Citizens Bank 1 2.38% $2,647
CRESCENT MORTGAGE COMPANY 1 2.25% $5,266
ENVOY MORTGAGE, LTD 1 2.75% $7,858
FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $6,975
FIRST COMMUNITY MORTGAGE, INC. 1 2.63% $3,736
First Federal Bank 1 3.13% $15,590
First Federal Bank of Kansas City 1 2.25% $8,831
First National Bank Texas 1 2.75% $3,849
KS StateBank 1 2.25% $1,708
LEADERONE FINANCIAL CORPORATION 1 2.63% $13,907
Magnolia Bank 1 2.25% $2,470
MEMBER FIRST MORTGAGE, LLC 1 3.50% $2,385
MORTGAGE EQUITY PARTNERS LLC 1 2.25% $16,532
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $3,620
NORTHEAST HOME LOAN, LLC 1 2.50% $10,102
PHH Mortgage Corporation 1 2.88% $2,688
PREMIA MORTGAGE, LLC 1 2.25% $2,641
Prime Choice Funding Inc. 1 1.75% $7,099
RELIANCE FIRST CAPITAL, LLC 1 2.25% $4,428
SECURITYNATIONAL MORTGAGE COMPANY 1 3.63% $2,922
TD Bank 1 2.88% $4,640
Union Bank 1 2.88% $8,695
Vermont Federal Credit Union 1 3.00% $11,374
VILLAGE CAPITAL & INVESTMENT LLC 1 2.50% $5,212
ACADEMY MORTGAGE CORPORATION 1 2.75% $7,732

The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 77 VA loans originated. Their average total fees are $4,865, which is $1,502 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Lebanon VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($1,979), QUICKEN LOANS, LLC ($3,363), USAA Federal Savings Bank ($4,038), LOANDEPOT.COM, LLC ($4,059) and PENNYMAC LOAN SERVICES, LLC ($4,551).

The lowest rate Lebanon VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.41%), NAVY FEDERAL CREDIT UNION (2.53%), UNITED WHOLESALE MORTGAGE, LLC (2.54%), PENNYMAC LOAN SERVICES, LLC (2.54%) and FREEDOM MORTGAGE CORPORATION (2.61%).

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.