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 37 lenders originated 99 VA loans during 2024. The total origination value was $35,285,000, with an average VA loan value of $356,414.

    Lewisburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewisburg averaged 0.25% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Lewisburg's average VA mortgage closing costs are $6,136.

    The average rate for the prior week (2025-06-13) was 6.9% and one month ago for the week of 2025-05-16, the average rate was 6.46%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.19%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 11 5.79% $7,332
    CMG MORTGAGE, INC. 9 6.55% $12,531
    Mortgage Research Center, LLC 9 6.18% $5,939
    DHI MORTGAGE COMPANY, LTD. 6 5.20% $4,253
    QUICKEN LOANS, LLC 6 5.89% $13,864
    FREEDOM MORTGAGE CORPORATION 5 6.40% $5,848
    NAVY FEDERAL CREDIT UNION 5 5.90% $6,574
    CHURCHILL MORTGAGE CORPORATION 3 6.63% $10,692
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.42% $5,884
    VILLAGE CAPITAL MORTGAGE 2 5.62% $9,689
    CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $4,301
    DELMAR FINANCIAL COMPANY 2 6.81% $4,790
    NEWREZ LLC 2 5.50% $7,024
    PENNYMAC LOAN SERVICES, LLC 2 5.75% $10,943
    The Federal Savings Bank 2 6.00% $15,888
    USAA Federal Savings Bank 2 6.50% $9,179
    Carrington Mortgage Services, LLC 2 5.69% $22,387
    RELIANCE FIRST CAPITAL, LLC 1 7.13% $15,916
    ROSS MORTGAGE CORPORATION 1 7.25% $5,098
    SeaTrust Mortgage Company 1 7.00% $13,711
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $4,628
    CALCON MUTUAL MORTGAGE LLC 1 6.00% $4,754
    CONTOUR MORTGAGE CORPORATION 1 7.13% $5,712
    Equity Prime Mortgage LLC 1 6.75% $11,592
    FirstBank 1 6.50% $9,968
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $0
    First Federal Bank 1 5.25% $16,391
    GUARANTEED RATE, INC. 1 6.25% $0
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.63% $4,589
    Ixonia Bank 1 5.25% $18,100
    Ameris Bank 1 6.50% $11,039
    Legacy Home Loans, LLC 1 6.63% $3,548
    LOANDEPOT.COM, LLC 1 5.63% $4,211
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.50% $2,437
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $15,553
    NEW DAY FINANCIAL, LLC 1 7.49% $12,436
    PLANET HOME LENDING, LLC 1 5.63% $6,045

    The top Lewisburg VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 11 VA loans originated. Their average total fees are $7,332, which is $5,199 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Lewisburg VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,332), .

    The lowest rate Lewisburg VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.79%), .

    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.