Manchester VA Loan Rates, Closing Costs & Stats

MANCHESTER-NASHUA, NH

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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.

    Manchester's 62 lenders originated 542 VA loans during 2024. The total origination value was $254,500,000, with an average VA loan value of $469,557.

    Manchester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manchester averaged 0.52% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Manchester's average VA mortgage closing costs are $6,850.

    The average rate for the prior week (2025-06-13) was 7.17% and one month ago for the week of 2025-05-16, the average rate was 6.83%.

    The average rate one year ago was 6.93%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.06%.

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

    Manchester 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 Manchester level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 83 6.21% $7,879
    UNITED WHOLESALE MORTGAGE, LLC 64 6.00% $9,033
    CMG MORTGAGE, INC. 38 6.42% $9,497
    QUICKEN LOANS, LLC 34 5.93% $13,997
    FREEDOM MORTGAGE CORPORATION 28 6.30% $11,132
    PENNYMAC LOAN SERVICES, LLC 22 5.79% $11,276
    GUARANTEED RATE, INC. 19 6.00% $5,260
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.52% $6,640
    USAA Federal Savings Bank 16 6.07% $14,788
    NAVY FEDERAL CREDIT UNION 15 5.78% $7,004
    GUILD MORTGAGE COMPANY 14 6.28% $8,524
    LOANDEPOT.COM, LLC 12 6.20% $9,843
    The Federal Savings Bank 10 5.94% $17,882
    EMM LOANS LLC 10 6.71% $9,269
    First Federal Bank 9 5.68% $8,927
    CROSSCOUNTRY MORTGAGE, LLC 9 6.48% $11,899
    NEWREZ LLC 8 6.06% $7,314
    LAKEVIEW LOAN SERVICING, LLC 7 5.80% $6,555
    NEW DAY FINANCIAL, LLC 7 7.57% $18,942
    VILLAGE CAPITAL MORTGAGE 6 5.94% $4,228
    Mr. Cooper ( Nationstar Mortgage ) 6 6.06% $20,707
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.33% $5,790
    MOVEMENT MORTGAGE, LLC 6 6.29% $12,843
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.35% $7,631
    Keystone Funding, Inc. 5 5.77% $5,654
    TOTAL MORTGAGE SERVICES, LLC 4 6.19% $7,236
    Leader Bank 4 6.00% $5,914
    RELIANCE FIRST CAPITAL, LLC 3 6.50% $18,467
    Barrington Bank & Trust Company, N.A. 3 6.21% $16,088
    HARBORONE MORTGAGE, LLC 3 6.21% $10,873
    MORTGAGE EQUITY PARTNERS LLC 3 6.21% $9,824
    NBKC BANK 3 6.21% $6,266
    NORTHPOINT MORTGAGE, INC. 3 6.42% $11,195
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.00% $21,822
    Flagstar Bank, FSB 2 6.17% $3,117
    Carrington Mortgage Services, LLC 2 6.00% $10,630
    BROKER SOLUTIONS, INC. 2 7.50% $11,898
    Magnolia Bank 2 5.56% $24,898
    Northpointe Bank 2 5.88% $23,016
    PLANET HOME LENDING, LLC 2 5.75% $2,686
    NEW FED MORTGAGE, CORP. 1 6.25% $4,295
    EVERETT FINANCIAL, INC. 1 6.13% $14,212
    Equity Prime Mortgage LLC 1 6.75% $17,137
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $7,654
    PHH Mortgage Corporation 1 5.99% $4,250
    POLARIS HOME FUNDING CORP. 1 6.75% $28,780
    EMBRACE HOME LOANS, INC. 1 6.25% $4,218
    PROVINCE MORTGAGE ASSOCIATES, INC. 1 6.25% $13,086
    Cornerstone First Mortgage, Inc 1 5.75% $20,448
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $3,544
    SALEM FIVE MORTGAGE COMPANY, LLC 1 6.50% $2,809
    Service Federal Credit Union 1 5.63% $3,703
    JMAC LENDING, INC. 1 6.25% $2,977
    HOMESIDE FINANCIAL, LLC 1 7.25% $24,157
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $5,906
    HANSCOM 1 6.38% $21,877
    BAY EQUITY LLC 1 6.49% $650
    FIRST MORTGAGE COMPANY, INC. 1 5.99% $20,058
    FIRST HOME MORTGAGE CORPORATION 1 7.13% $21,830
    FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $11,078
    American Mortgage & Equity Consultants, Inc. 1 6.25% $0
    Evolve Bank & Trust 1 5.25% $0

    The top Manchester VA lender as defined by loan originations is Mortgage Research Center, LLC, with 83 VA loans originated. Their average total fees are $7,879, which is $1,154 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Manchester VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($5,260), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,640), NAVY FEDERAL CREDIT UNION ($7,004), Mortgage Research Center, LLC ($7,879) and GUILD MORTGAGE COMPANY ($8,524).

    The lowest rate Manchester VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.78%), PENNYMAC LOAN SERVICES, LLC (5.79%), QUICKEN LOANS, LLC (5.93%), The Federal Savings Bank (5.94%) and GUARANTEED RATE, INC. (6.00%).

    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.