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 60 lenders originated 359 VA loans during 2023. The total origination value was $160,455,000, with an average VA loan value of $446,950.

    Manchester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manchester averaged 6.97% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Manchester's average VA mortgage closing costs are $6,560.

    The average rate for the prior week (2024-04-12) was 7% and one month ago for the week of 2024-03-15, the average rate was 6.56%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.14%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 57 6.81% $9,412
    CMG MORTGAGE, INC. 28 6.44% $11,031
    QUICKEN LOANS, LLC 20 5.91% $16,875
    NAVY FEDERAL CREDIT UNION 18 6.19% $7,498
    UNITED WHOLESALE MORTGAGE, LLC 18 6.62% $9,028
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.83% $7,841
    CROSSCOUNTRY MORTGAGE, LLC 13 6.42% $11,036
    GUILD MORTGAGE COMPANY 11 6.47% $9,553
    LOANDEPOT.COM, LLC 11 6.01% $15,835
    USAA Federal Savings Bank 11 6.48% $5,524
    The Federal Savings Bank 10 6.18% $21,209
    FREEDOM MORTGAGE CORPORATION 10 6.38% $28,654
    MOVEMENT MORTGAGE, LLC 8 6.23% $8,433
    NEW DAY FINANCIAL, LLC 7 7.34% $13,854
    PENNYMAC LOAN SERVICES, LLC 7 5.64% $15,469
    GUARANTEED RATE, INC. 7 6.08% $5,958
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.54% $8,816
    American Mortgage & Equity Consultants, Inc. 5 6.80% $22,407
    HARBORONE MORTGAGE, LLC 5 6.25% $9,324
    Mr. Cooper ( Nationstar Mortgage ) 5 5.75% $16,966
    NEWREZ LLC 4 6.63% $11,015
    MORTGAGE EQUITY PARTNERS LLC 4 6.78% $14,536
    LAKEVIEW LOAN SERVICING, LLC 4 5.47% $15,013
    NORTHPOINT MORTGAGE, INC. 3 6.63% $4,225
    BAY EQUITY LLC 3 6.83% $4,329
    EMM LOANS LLC 3 6.29% $11,281
    PENTAGON FEDERAL CREDIT UNION 3 6.13% $8,394
    Barrington Bank & Trust Company, N.A. 3 5.92% $21,659
    TOTAL MORTGAGE SERVICES, LLC 3 6.96% $10,927
    NORWICH COMMERCIAL GROUP, INC. 2 6.75% $8,365
    BROKER SOLUTIONS, INC. 2 7.00% $11,774
    NBKC BANK 2 6.06% $13,543
    Waterstone Mortgage Corporation 2 6.31% $19,051
    AMERISAVE MORTGAGE CORPORATION 2 6.00% $12,394
    LEADERONE FINANCIAL CORPORATION 2 6.31% $12,309
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.19% $19,255
    ENVOY MORTGAGE, LTD 2 6.94% $7,125
    Wells Fargo Bank 1 5.50% $9,761
    AMERICAN FINANCING CORPORATION 1 7.38% $22,085
    Bank of England 1 7.13% $475
    Citizens Bank 1 5.88% $11,318
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.99% $19,245
    Equity Prime Mortgage LLC 1 5.88% $19,447
    Evolve Bank & Trust 1 6.50% $4,269
    First Federal Bank 1 6.50% $1,857
    GUARANTEED RATE AFFINITY, LLC 1 6.08% $0
    HANSCOM 1 5.75% $3,200
    HOMESTEAD FUNDING CORP. 1 6.75% $2,832
    JPMorgan Chase Bank 1 6.63% $2,466
    Magnolia Bank 1 5.88% $27,392
    M&T Bank 1 7.13% $3,632
    OCMBC, INC. 1 6.75% $8,001
    ON Q FINANCIAL, INC. 1 6.63% $12,622
    Plains Commerce Bank 1 6.63% $17,458
    RADIUS FINANCIAL GROUP INC. 1 7.13% $12,944
    RELIANCE FIRST CAPITAL, LLC 1 5.88% $17,107
    SALEM FIVE MORTGAGE COMPANY, LLC 1 7.00% $17,724
    TD Bank 1 6.63% $2,916
    U.S. Bank 1 4.99% $70
    ACADEMY MORTGAGE CORPORATION 1 7.13% $8,578

    The top Manchester VA lender as defined by loan originations is Mortgage Research Center, LLC, with 57 VA loans originated. Their average total fees are $9,412, which is $1,618 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Manchester VA lenders (with over 10 loans originated) are USAA Federal Savings Bank ($5,524), NAVY FEDERAL CREDIT UNION ($7,498), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,841), UNITED WHOLESALE MORTGAGE, LLC ($9,028) and Mortgage Research Center, LLC ($9,412).

    The lowest rate Manchester VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.91%), LOANDEPOT.COM, LLC (6.01%), The Federal Savings Bank (6.18%), NAVY FEDERAL CREDIT UNION (6.19%) and FREEDOM MORTGAGE CORPORATION (6.38%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Manchester (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 $329,450 (-0.1%) $372,572 (-1.6%) 1.22 816
    2018-02-01 $339,868 (2.2%) $383,871 (0.9%) 1.23 751
    2018-03-01 $349,900 (3.1%) $396,547 (0.9%) 1.23 756
    2018-04-01 $349,175 (4.2%) $396,306 (0.7%) 1.18 833
    2018-05-01 $349,450 (2.8%) $402,796 (2.7%) 1.17 939
    2018-06-01 $339,900 (-0.4%) $400,171 (1.3%) 1.13 1,059
    2018-07-01 $339,209 (-0.2%) $398,167 (1.5%) 1.13 1,142
    2018-08-01 $334,875 (1.5%) $392,741 (3.4%) 1.12 1,161
    2018-09-01 $338,900 (2.7%) $391,114 (-0.5%) 1.14 1,205
    2018-10-01 $337,425 (2.3%) $393,868 (1.7%) 1.14 1,179
    2018-11-01 $334,900 (2.0%) $391,075 (4.7%) 1.14 1,100
    2018-12-01 $345,000 (6.2%) $392,969 (5.3%) 1.19 930
    2019-01-01 $349,225 (6.0%) $395,936 (6.3%) 1.21 773
    2019-02-01 $358,588 (5.5%) $403,509 (5.1%) 1.21 689
    2019-03-01 $363,800 (4.0%) $422,019 (6.4%) 1.19 723
    2019-04-01 $365,000 (4.5%) $429,327 (8.3%) 1.16 765
    2019-05-01 $365,000 (4.5%) $429,912 (6.7%) 1.14 866
    2019-06-01 $362,700 (6.7%) $429,792 (7.4%) 1.13 920
    2019-07-01 $364,950 (7.6%) $429,049 (7.8%) 1.14 1,002
    2019-08-01 $360,077 (7.5%) $421,935 (7.4%) 1.14 995
    2019-09-01 $352,693 (4.1%) $411,583 (5.2%) 1.13 985
    2019-10-01 $349,245 (3.5%) $408,874 (3.8%) 1.13 979
    2019-11-01 $354,900 (6.0%) $418,515 (7.0%) 1.16 888
    2019-12-01 $359,700 (4.3%) $427,163 (8.7%) 1.20 707
    2020-01-01 $367,425 (5.2%) $429,573 (8.5%) 1.23 599
    2020-02-01 $378,400 (5.5%) $442,929 (9.8%) 1.24 533
    2020-03-01 $382,450 (5.1%) $444,803 (5.4%) 1.20 581
    2020-04-01 $386,400 (5.9%) $444,723 (3.6%) 1.21 602
    2020-05-01 $397,575 (8.9%) $455,212 (5.9%) 1.21 600
    2020-06-01 $394,900 (8.9%) $468,574 (9.0%) 1.16 614
    2020-07-01 $407,700 (11.7%) $488,094 (13.8%) 1.18 517
    2020-08-01 $399,900 (11.1%) $479,443 (13.6%) 1.15 512
    2020-09-01 $374,950 (6.3%) $459,523 (11.7%) 1.07 538
    2020-10-01 $375,000 (7.4%) $459,955 (12.5%) 1.07 497
    2020-11-01 $382,400 (7.8%) $479,482 (14.6%) 1.12 396
    2020-12-01 $396,413 (10.2%) $489,812 (14.7%) 1.18 301
    2021-01-01 $399,900 (8.8%) $524,314 (22.1%) 1.19 233
    2021-02-01 $399,900 (5.7%) $516,827 (16.7%) 1.16 218
    2021-03-01 $395,687 (3.5%) $510,305 (14.7%) 1.12 258
    2021-04-01 $399,900 (3.5%) $505,354 (13.6%) 1.08 268
    2021-05-01 $409,900 (3.1%) $513,562 (12.8%) 1.09 285
    2021-06-01 $407,450 (3.2%) $493,566 (5.3%) 1.07 382
    2021-07-01 $409,000 (0.3%) $469,670 (-3.8%) 1.08 427
    2021-08-01 $400,000 (0.0%) $479,335 (0.0%) 1.07 432
    2021-09-01 $416,625 (11.1%) $496,926 (8.1%) 1.11 439
    2021-10-01 $419,900 (12.0%) $497,195 (8.1%) 1.12 394
    2021-11-01 $414,950 (8.5%) $488,845 (2.0%) 1.11 295
    2021-12-01 $441,975 (11.5%) $523,511 (6.9%) 1.20 193
    2022-01-01 $449,900 (12.5%) $552,742 (5.4%) 1.22 172
    2022-02-01 $449,163 (12.3%) $565,902 (9.5%) 1.17 162
    2022-03-01 $459,250 (16.1%) $569,134 (11.5%) 1.15 166
    2022-04-01 $447,450 (11.9%) $538,412 (6.5%) 1.07 240
    2022-05-01 $444,500 (8.4%) $533,170 (3.8%) 1.02 312
    2022-06-01 $479,950 (17.8%) $561,137 (13.7%) 1.07 389
    2022-07-01 $499,000 (22.0%) $592,693 (26.2%) 1.12 413
    2022-08-01 $486,600 (21.7%) $593,163 (23.8%) 1.12 416
    2022-09-01 $492,225 (18.2%) $609,673 (22.7%) 1.15 402
    2022-10-01 $499,000 (18.8%) $617,960 (24.3%) 1.17 404
    2022-11-01 $492,000 (18.6%) $611,960 (25.2%) 1.18 398
    2022-12-01 $499,000 (12.9%) $621,820 (18.8%) 1.23 304
    2023-01-01 $541,725 (20.4%) $637,461 (15.3%) 1.34 253
    2023-02-01 $562,200 (25.2%) $657,536 (16.2%) 1.36 226
    2023-03-01 $549,900 (19.7%) $648,732 (14.0%) 1.30 234
    2023-04-01 $532,500 (19.0%) $645,608 (19.9%) 1.24 248
    2023-05-01 $522,500 (17.6%) $621,878 (16.6%) 1.18 290
    2023-06-01 $534,225 (11.3%) $623,462 (11.1%) 1.20 316
    2023-07-01 $539,000 (8.0%) $647,979 (9.3%) 1.23 340
    2023-08-01 $557,200 (14.5%) $670,263 (13.0%) 1.28 319
    2023-09-01 $535,000 (8.7%) $642,667 (5.4%) 1.25 361
    2023-10-01 $523,700 (5.0%) $651,291 (5.4%) 1.23 374
    2023-11-01 $520,450 (5.8%) $663,518 (8.4%) 1.24 358
    2023-12-01 $549,900 (10.2%) $683,463 (9.9%) 1.34 274
    2024-01-01 $565,000 (4.3%) $656,276 (3.0%) 1.38 224
    2024-02-01 $572,200 (1.8%) $721,912 (9.8%) 1.38 222
    2024-03-01 $549,900 (0.0%) $726,804 (12.0%) 1.29 209
    Manchester's median listing price for 2024-03-01 was $549,900, a difference of $0 (0.0%) versus the prior year and $-22,300 versus the prior month.

    Manchester's median listing price comes in at 129% of the national average.

    Manchester's average listing price for 2024-03-01 was $726,804, a difference of $78,072 (12.0%) versus the prior year and $4,892 versus the prior month.

    For the 2024-03-01 period, Manchester had 209 MLS listings, a difference of -13 listings (-6%) versus the prior month and -25 listings (-11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Manchester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,920 sqft
    2018-02-01 73 days 1,969 sqft
    2018-03-01 51 days 2,050 sqft
    2018-04-01 38 days 2,074 sqft
    2018-05-01 36 days 2,107 sqft
    2018-06-01 37 days 2,098 sqft
    2018-07-01 42 days 2,094 sqft
    2018-08-01 47 days 2,066 sqft
    2018-09-01 51 days 2,071 sqft
    2018-10-01 51 days 2,107 sqft
    2018-11-01 58 days 2,080 sqft
    2018-12-01 72 days 2,075 sqft
    2019-01-01 76 days 2,013 sqft
    2019-02-01 74 days 2,047 sqft
    2019-03-01 50 days 2,098 sqft
    2019-04-01 36 days 2,124 sqft
    2019-05-01 33 days 2,136 sqft
    2019-06-01 33 days 2,133 sqft
    2019-07-01 39 days 2,186 sqft
    2019-08-01 44 days 2,145 sqft
    2019-09-01 47 days 2,086 sqft
    2019-10-01 49 days 2,038 sqft
    2019-11-01 57 days 2,016 sqft
    2019-12-01 68 days 2,043 sqft
    2020-01-01 76 days 2,014 sqft
    2020-02-01 60 days 2,016 sqft
    2020-03-01 34 days 2,036 sqft
    2020-04-01 42 days 2,027 sqft
    2020-05-01 48 days 2,060 sqft
    2020-06-01 36 days 2,081 sqft
    2020-07-01 39 days 2,132 sqft
    2020-08-01 30 days 2,076 sqft
    2020-09-01 25 days 1,930 sqft
    2020-10-01 30 days 1,954 sqft
    2020-11-01 38 days 1,931 sqft
    2020-12-01 50 days 1,921 sqft
    2021-01-01 46 days 1,895 sqft
    2021-02-01 27 days 1,866 sqft
    2021-03-01 10 days 1,907 sqft
    2021-04-01 9 days 1,956 sqft
    2021-05-01 9 days 1,998 sqft
    2021-06-01 11 days 1,947 sqft
    2021-07-01 16 days 1,956 sqft
    2021-08-01 18 days 1,890 sqft
    2021-09-01 19 days 1,935 sqft
    2021-10-01 24 days 1,921 sqft
    2021-11-01 28 days 1,854 sqft
    2021-12-01 36 days 1,908 sqft
    2022-01-01 28 days 1,816 sqft
    2022-02-01 10 days 1,898 sqft
    2022-03-01 8 days 1,955 sqft
    2022-04-01 8 days 1,956 sqft
    2022-05-01 9 days 1,976 sqft
    2022-06-01 11 days 1,988 sqft
    2022-07-01 18 days 2,100 sqft
    2022-08-01 24 days 2,043 sqft
    2022-09-01 29 days 2,081 sqft
    2022-10-01 26 days 2,106 sqft
    2022-11-01 33 days 2,075 sqft
    2022-12-01 43 days 2,044 sqft
    2023-01-01 45 days 2,088 sqft
    2023-02-01 38 days 2,020 sqft
    2023-03-01 28 days 2,023 sqft
    2023-04-01 17 days 2,013 sqft
    2023-05-01 11 days 2,008 sqft
    2023-06-01 17 days 1,991 sqft
    2023-07-01 22 days 2,082 sqft
    2023-08-01 26 days 2,053 sqft
    2023-09-01 24 days 2,055 sqft
    2023-10-01 24 days 2,025 sqft
    2023-11-01 31 days 2,050 sqft
    2023-12-01 43 days 2,100 sqft
    2024-01-01 44 days 2,096 sqft
    2024-02-01 23 days 1,962 sqft
    2024-03-01 19 days 1,968 sqft
    Manchester's median listing age (time on market) for 2024-03-01 was 19 days. This is -33% shorter than the same period one year ago.

    Manchester's median square footage for active listings during the 2024-03-01 period was 1,968 sqft. One year prior, the average listing was 2,023 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.