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 38 lenders originated 167 VA loans during 2023. The total origination value was $54,105,000, with an average VA loan value of $323,982.

    Lebanon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lebanon averaged 6.46% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Lebanon's average VA mortgage closing costs are $5,559.

    The average rate for the prior week (2024-11-01) was 6.62% and one month ago for the week of 2024-10-04, the average rate was 5.95%.

    The average rate one year ago was 7.5%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.82%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 35 6.90% $5,411
    QUICKEN LOANS, LLC 14 6.28% $11,851
    UNITED WHOLESALE MORTGAGE, LLC 12 6.73% $9,297
    USAA Federal Savings Bank 9 6.21% $9,238
    NAVY FEDERAL CREDIT UNION 9 5.90% $7,757
    CMG MORTGAGE, INC. 8 6.47% $7,973
    FREEDOM MORTGAGE CORPORATION 6 6.65% $12,898
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.00% $3,189
    EMM LOANS LLC 6 6.42% $9,332
    The Federal Savings Bank 5 6.38% $15,676
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.72% $7,553
    MOVEMENT MORTGAGE, LLC 3 6.42% $9,739
    Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $9,082
    PENTAGON FEDERAL CREDIT UNION 3 5.88% $9,265
    NEW DAY FINANCIAL, LLC 3 7.67% $17,073
    LOANDEPOT.COM, LLC 2 5.62% $25,645
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.19% $19,193
    RELIANCE FIRST CAPITAL, LLC 2 5.94% $10,486
    First Federal Bank 2 5.88% $10,072
    PENNYMAC LOAN SERVICES, LLC 2 5.44% $6,550
    Citizens Bank 2 6.13% $18,974
    BROKER SOLUTIONS, INC. 2 7.00% $14,193
    Barrington Bank & Trust Company, N.A. 2 6.50% $9,586
    Waterstone Mortgage Corporation 1 6.75% $14,959
    BAY EQUITY LLC 1 6.75% $3,833
    EVERETT FINANCIAL, INC. 1 6.50% $12,774
    GUARANTEED RATE, INC. 1 7.13% $6,317
    GUILD MORTGAGE COMPANY 1 7.00% $10,452
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $19,214
    Keystone Funding, Inc. 1 5.75% $3,957
    LAKEVIEW LOAN SERVICING, LLC 1 6.99% $23,940
    M&T Bank 1 6.63% $9,517
    NATIONS RELIABLE LENDING, LLC 1 7.75% $6,106
    NBKC BANK 1 5.38% $9,060
    NORTHEAST HOME LOAN, LLC 1 6.63% $8,520
    NORTHPOINT MORTGAGE, INC. 1 6.00% $15,989
    NORWICH COMMERCIAL GROUP, INC. 1 7.13% $15,357
    Bank of New Hampshire 1 6.38% $3,662

    The top Lebanon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $5,411, which is $6,440 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lebanon VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,411), UNITED WHOLESALE MORTGAGE, LLC ($9,297), QUICKEN LOANS, LLC ($11,851), .

    The lowest rate Lebanon VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.28%), UNITED WHOLESALE MORTGAGE, LLC (6.73%), Mortgage Research Center, LLC (6.90%), .

    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.