Lewisburg VA Loan Rates, Closing Costs & Stats

Lewisburg, TN

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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.

    Lewisburg's 29 lenders originated 76 VA loans during 2023. The total origination value was $26,650,000, with an average VA loan value of $350,658.

    Lewisburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewisburg averaged 0.06% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Lewisburg's average VA mortgage closing costs are $5,784.

    The average rate for the prior week (2024-11-08) was 6.26% and one month ago for the week of 2024-10-11, the average rate was 5.83%.

    The average rate one year ago was 7.22%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

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

    Lewisburg 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 Lewisburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.40% $6,240
    DHI MORTGAGE COMPANY, LTD. 7 5.32% $4,722
    QUICKEN LOANS, LLC 6 6.35% $7,311
    SeaTrust Mortgage Company 6 6.52% $11,237
    UNITED WHOLESALE MORTGAGE, LLC 5 6.17% $10,202
    PENNYMAC LOAN SERVICES, LLC 4 5.81% $10,982
    CMG MORTGAGE, INC. 3 5.83% $10,470
    FirstBank 3 5.83% $6,126
    NAVY FEDERAL CREDIT UNION 3 6.33% $1,037
    ROSS MORTGAGE CORPORATION 2 7.31% $6,074
    FREEDOM MORTGAGE CORPORATION 2 6.94% $9,018
    BROKER SOLUTIONS, INC. 2 6.19% $8,944
    Legacy Home Loans, LLC 2 6.94% $7,542
    The Federal Savings Bank 1 6.63% $16,201
    USAA Federal Savings Bank 1 7.25% $4,985
    1ST SIGNATURE LENDING, LLC 1 6.00% $14,246
    VILLAGE CAPITAL MORTGAGE 1 6.25% $5,290
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $8,401
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $8,921
    Equity Prime Mortgage LLC 1 5.88% $9,239
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,609
    FIRST COLONY MORTGAGE CORPORATION 1 6.50% $6,480
    GUARANTEED RATE, INC. 1 6.13% $3,640
    HOMESIDE FINANCIAL, LLC 1 7.25% $0
    KELLEY MORTGAGE, LLC 1 6.75% $2,512
    LOANDEPOT.COM, LLC 1 5.63% $12,701
    Magnolia Bank 1 6.25% $11,589
    MORTGAGE INVESTORS GROUP, INC. 1 6.99% $8,864
    STOCKTON MORTGAGE CORPORATION 1 6.13% $8,154

    The top Lewisburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $6,240, which is $1,518 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Lewisburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,240), .

    The lowest rate Lewisburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.40%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lewisburg (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 $229,900 (35.6%) $278,311 (43.7%) 0.00 110
    2018-02-01 $242,045 (41.4%) $283,786 (44.0%) 0.00 108
    2018-03-01 $259,900 (42.6%) $313,517 (48.8%) 0.00 98
    2018-04-01 $259,925 (38.3%) $311,386 (41.7%) 0.00 102
    2018-05-01 $267,161 (33.7%) $311,491 (25.3%) 0.00 98
    2018-06-01 $259,500 (29.8%) $297,990 (17.6%) 0.00 102
    2018-07-01 $249,900 (1.2%) $300,168 (12.2%) 0.00 106
    2018-08-01 $243,650 (4.7%) $283,210 (10.4%) 0.00 115
    2018-09-01 $248,500 (4.6%) $285,858 (7.8%) 0.00 129
    2018-10-01 $248,900 (6.4%) $284,446 (-0.5%) 0.00 134
    2018-11-01 $239,900 (2.9%) $273,654 (-3.7%) 0.00 147
    2018-12-01 $239,900 (2.1%) $265,783 (-7.7%) 0.00 148
    2019-01-01 $228,225 (-0.7%) $263,280 (-5.4%) 0.00 144
    2019-02-01 $234,900 (-3.0%) $269,999 (-4.9%) 0.00 146
    2019-03-01 $238,357 (-8.3%) $271,631 (-13.4%) 0.00 124
    2019-04-01 $248,457 (-4.4%) $277,990 (-10.7%) 0.00 116
    2019-05-01 $259,900 (-2.7%) $292,731 (-6.0%) 0.00 116
    2019-06-01 $249,900 (-3.7%) $326,246 (9.5%) 0.00 120
    2019-07-01 $268,950 (7.6%) $355,859 (18.6%) 0.00 98
    2019-08-01 $266,927 (9.6%) $348,115 (22.9%) 0.00 104
    2019-09-01 $262,468 (5.6%) $341,316 (19.4%) 0.00 112
    2019-10-01 $262,445 (5.4%) $339,795 (19.5%) 0.00 120
    2019-11-01 $274,900 (14.6%) $332,845 (21.6%) 0.00 121
    2019-12-01 $269,675 (12.4%) $322,485 (21.3%) 0.00 130
    2020-01-01 $272,400 (19.4%) $327,657 (24.5%) 0.00 127
    2020-02-01 $267,450 (13.9%) $339,804 (25.9%) 0.00 111
    2020-03-01 $272,400 (14.3%) $343,240 (26.4%) 0.00 111
    2020-04-01 $279,400 (12.5%) $356,865 (28.4%) 0.00 102
    2020-05-01 $285,900 (10.0%) $358,583 (22.5%) 0.00 108
    2020-06-01 $288,782 (15.6%) $362,549 (11.1%) 0.00 99
    2020-07-01 $284,170 (5.7%) $380,137 (6.8%) 0.00 97
    2020-08-01 $294,900 (10.5%) $424,419 (21.9%) 0.00 77
    2020-09-01 $282,217 (7.5%) $380,209 (11.4%) 0.00 76
    2020-10-01 $276,440 (5.3%) $390,404 (14.9%) 0.00 64
    2020-11-01 $262,450 (-4.5%) $401,412 (20.6%) 0.00 79
    2020-12-01 $263,700 (-2.2%) $391,943 (21.5%) 0.00 76
    2021-01-01 $239,900 (-11.9%) $383,927 (17.2%) 0.00 74
    2021-02-01 $217,100 (-18.8%) $395,986 (16.5%) 0.00 59
    2021-03-01 $231,800 (-14.9%) $416,303 (21.3%) 0.00 47
    2021-04-01 $317,425 (13.6%) $521,948 (46.3%) 0.00 31
    2021-05-01 $250,000 (-12.6%) $426,560 (19.0%) 0.00 39
    2021-06-01 $273,200 (-5.4%) $389,881 (7.5%) 0.00 50
    2021-07-01 $280,999 (-1.1%) $379,909 (-0.1%) 0.00 61
    2021-08-01 $273,550 (-7.2%) $378,326 (-10.9%) 0.00 63
    2021-09-01 $342,138 (21.2%) $420,352 (10.6%) 0.00 40
    2021-10-01 $349,900 (26.6%) $403,876 (3.5%) 0.00 49
    2021-11-01 $312,450 (19.1%) $373,431 (-7.0%) 0.00 54
    2021-12-01 $244,900 (-7.1%) $415,935 (6.1%) 0.00 57
    2022-01-01 $254,900 (6.3%) $451,806 (17.7%) 0.00 49
    2022-02-01 $379,950 (75.0%) $512,104 (29.3%) 0.00 38
    2022-03-01 $399,900 (72.5%) $517,148 (24.2%) 0.00 36
    2022-04-01 $397,450 (25.2%) $479,520 (-8.1%) 0.00 54
    2022-05-01 $361,630 (44.7%) $456,864 (7.1%) 0.00 67
    2022-06-01 $325,000 (19.0%) $463,253 (18.8%) 0.00 120
    2022-07-01 $329,950 (17.4%) $518,492 (36.5%) 0.00 118
    2022-08-01 $353,450 (29.2%) $529,366 (39.9%) 0.00 131
    2022-09-01 $349,900 (2.3%) $534,152 (27.1%) 0.00 134
    2022-10-01 $349,900 (0.0%) $558,398 (38.3%) 0.00 139
    2022-11-01 $336,374 (7.7%) $532,700 (42.7%) 0.00 147
    2022-12-01 $331,950 (35.6%) $496,952 (19.5%) 0.00 130
    2023-01-01 $333,750 (30.9%) $484,831 (7.3%) 0.00 118
    2023-02-01 $335,427 (-11.7%) $476,235 (-7.0%) 0.00 94
    2023-03-01 $336,955 (-15.7%) $509,307 (-1.5%) 0.00 96
    2023-04-01 $344,325 (-13.4%) $504,470 (5.2%) 0.00 105
    2023-05-01 $350,745 (-3.0%) $491,280 (7.5%) 0.00 113
    2023-06-01 $399,000 (22.8%) $546,832 (18.0%) 0.00 120
    2023-07-01 $375,000 (13.7%) $579,367 (11.7%) 0.00 122
    2023-08-01 $399,950 (13.2%) $637,662 (20.5%) 0.00 110
    2023-09-01 $384,900 (10.0%) $558,817 (4.6%) 0.00 114
    2023-10-01 $377,975 (8.0%) $541,130 (-3.1%) 0.00 128
    2023-11-01 $375,425 (11.6%) $576,117 (8.2%) 0.00 142
    2023-12-01 $369,900 (11.4%) $507,143 (2.1%) 0.00 132
    2024-01-01 $367,000 (10.0%) $507,439 (4.7%) 0.00 119
    2024-02-01 $353,350 (5.3%) $510,895 (7.3%) 0.00 112
    2024-03-01 $351,700 (4.4%) $512,046 (0.5%) 0.00 116
    2024-04-01 $382,450 (11.1%) $586,975 (16.4%) 0.00 122
    2024-05-01 $397,975 (13.5%) $606,520 (23.5%) 0.00 123
    2024-06-01 $395,000 (-1.0%) $581,139 (6.3%) 0.00 134
    2024-07-01 $395,750 (5.5%) $565,109 (-2.5%) 0.00 138
    2024-08-01 $399,900 (0.0%) $549,287 (-13.9%) 0.00 138
    2024-09-01 $388,225 (0.9%) $530,199 (-5.1%) 0.00 157
    2024-10-01 $385,000 (1.9%) $543,691 (0.5%) 0.00 159
    Lewisburg's median listing price for 2024-10-01 was $385,000, a difference of $7,025 (1.9%) versus the prior year and $-3,225 versus the prior month.

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

    Lewisburg's average listing price for 2024-10-01 was $543,691, a difference of $2,561 (0.5%) versus the prior year and $13,492 versus the prior month.

    For the 2024-10-01 period, Lewisburg had 159 MLS listings, a difference of 2 listings (1%) versus the prior month and 31 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lewisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,917 sqft
    2018-02-01 0 days 1,919 sqft
    2018-03-01 0 days 2,013 sqft
    2018-04-01 0 days 2,015 sqft
    2018-05-01 0 days 2,028 sqft
    2018-06-01 0 days 1,900 sqft
    2018-07-01 0 days 1,935 sqft
    2018-08-01 0 days 1,842 sqft
    2018-09-01 0 days 1,839 sqft
    2018-10-01 0 days 1,837 sqft
    2018-11-01 0 days 1,782 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,783 sqft
    2019-04-01 0 days 1,766 sqft
    2019-05-01 0 days 1,780 sqft
    2019-06-01 0 days 1,761 sqft
    2019-07-01 0 days 1,846 sqft
    2019-08-01 0 days 1,881 sqft
    2019-09-01 0 days 1,896 sqft
    2019-10-01 0 days 1,909 sqft
    2019-11-01 0 days 1,909 sqft
    2019-12-01 0 days 1,899 sqft
    2020-01-01 0 days 1,901 sqft
    2020-02-01 0 days 1,898 sqft
    2020-03-01 0 days 1,911 sqft
    2020-04-01 0 days 1,900 sqft
    2020-05-01 0 days 1,872 sqft
    2020-06-01 0 days 1,851 sqft
    2020-07-01 0 days 1,808 sqft
    2020-08-01 0 days 1,893 sqft
    2020-09-01 0 days 1,818 sqft
    2020-10-01 0 days 1,600 sqft
    2020-11-01 0 days 1,660 sqft
    2020-12-01 0 days 1,733 sqft
    2021-01-01 0 days 1,640 sqft
    2021-02-01 0 days 1,453 sqft
    2021-03-01 0 days 1,609 sqft
    2021-04-01 0 days 2,001 sqft
    2021-05-01 0 days 1,499 sqft
    2021-06-01 0 days 1,445 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,628 sqft
    2021-09-01 0 days 2,000 sqft
    2021-10-01 0 days 1,875 sqft
    2021-11-01 0 days 1,576 sqft
    2021-12-01 0 days 1,478 sqft
    2022-01-01 0 days 1,428 sqft
    2022-02-01 0 days 1,956 sqft
    2022-03-01 0 days 2,042 sqft
    2022-04-01 0 days 1,946 sqft
    2022-05-01 0 days 1,866 sqft
    2022-06-01 0 days 1,636 sqft
    2022-07-01 0 days 1,636 sqft
    2022-08-01 0 days 1,629 sqft
    2022-09-01 0 days 1,673 sqft
    2022-10-01 0 days 1,663 sqft
    2022-11-01 0 days 1,635 sqft
    2022-12-01 0 days 1,696 sqft
    2023-01-01 0 days 1,716 sqft
    2023-02-01 0 days 1,745 sqft
    2023-03-01 0 days 1,740 sqft
    2023-04-01 0 days 1,732 sqft
    2023-05-01 0 days 1,720 sqft
    2023-06-01 0 days 1,799 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,836 sqft
    2023-09-01 0 days 1,800 sqft
    2023-10-01 0 days 1,706 sqft
    2023-11-01 0 days 1,712 sqft
    2023-12-01 0 days 1,621 sqft
    2024-01-01 0 days 1,700 sqft
    2024-02-01 0 days 1,609 sqft
    2024-03-01 0 days 1,560 sqft
    2024-04-01 0 days 1,684 sqft
    2024-05-01 0 days 1,738 sqft
    2024-06-01 0 days 1,718 sqft
    2024-07-01 0 days 1,669 sqft
    2024-08-01 0 days 1,635 sqft
    2024-09-01 0 days 1,619 sqft
    2024-10-01 0 days 1,607 sqft
    Lewisburg's median listing age (time on market) for 2024-10-01 was 0 days.

    Lewisburg's median square footage for active listings during the 2024-10-01 period was 1,607 sqft. One year prior, the average listing was 1,706 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.