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 78 lenders originated 565 VA loans during 2022. The total origination value was $225,925,000, with an average VA loan value of $399,867.

    Manchester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manchester averaged 0.12% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Manchester's average VA mortgage closing costs are $6,224.

    The average rate for the prior week (2023-11-17) was 6.76% and one month ago for the week of 2023-10-20, the average rate was 7.49%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.35%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 78 4.88% $9,925
    QUICKEN LOANS, LLC 49 3.85% $13,216
    UNITED WHOLESALE MORTGAGE, LLC 44 4.39% $9,783
    NAVY FEDERAL CREDIT UNION 29 4.26% $6,767
    GUILD MORTGAGE COMPANY 24 5.04% $13,534
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 5.12% $9,945
    LOANDEPOT.COM, LLC 20 4.19% $13,667
    FREEDOM MORTGAGE CORPORATION 20 4.35% $16,982
    PENNYMAC LOAN SERVICES, LLC 19 3.24% $13,828
    CMG MORTGAGE, INC. 18 3.98% $11,231
    NEW DAY FINANCIAL, LLC 14 4.87% $12,694
    USAA Federal Savings Bank 13 4.98% $9,502
    CROSSCOUNTRY MORTGAGE, LLC 13 5.11% $11,165
    MOVEMENT MORTGAGE, LLC 11 4.57% $9,406
    The Federal Savings Bank 11 4.73% $18,039
    Mr. Cooper ( Nationstar Mortgage ) 10 4.35% $13,324
    GUARANTEED RATE, INC. 9 4.09% $7,789
    LAKEVIEW LOAN SERVICING, LLC 9 3.47% $4,560
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 4.97% $12,649
    HARBORONE MORTGAGE, LLC 7 5.52% $5,796
    CALIBER HOME LOANS, INC. 6 4.73% $5,659
    GUARANTEED RATE AFFINITY, LLC 6 5.02% $10,823
    Barrington Bank & Trust Company, N.A. 5 5.37% $6,517
    First Home Bank 4 4.25% $16,548
    EMM LOANS LLC 4 6.03% $20,474
    BROKER SOLUTIONS, INC. 4 4.53% $13,441
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 5.03% $21,126
    Wells Fargo Bank 3 3.58% $2,848
    MORTGAGE EQUITY PARTNERS LLC 3 5.71% $8,687
    Mortgage Network, Inc. 3 5.88% $13,727
    BNC National Bank 3 3.92% $10,920
    PENTAGON FEDERAL CREDIT UNION 3 4.58% $7,714
    HOME POINT FINANCIAL CORPORATION 3 4.13% $10,713
    TOTAL MORTGAGE SERVICES, LLC 3 5.88% $13,391
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.44% $7,773
    AMERISAVE MORTGAGE CORPORATION 2 4.94% $6,267
    BAY EQUITY LLC 2 4.50% $7,205
    CHURCHILL MORTGAGE CORPORATION 2 5.38% $10,734
    HANSCOM 2 4.25% $10,892
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.44% $12,037
    NBKC BANK 2 3.19% $12,208
    NEW FED MORTGAGE, CORP. 2 4.81% $14,718
    NEWREZ LLC 2 5.13% $22,441
    North American Savings Bank, F.S.B. 2 3.94% $7,464
    Sierra Pacific Mortgage Company, Inc. 2 4.88% $8,333
    Wyndham Capital Mortgage, Inc. 2 4.88% $10,313
    First Guaranty Mortgage Corporation 1 2.88% $5,301
    CARDINAL FINANCIAL 1 5.50% $7,484
    Equity Prime Mortgage LLC 1 3.88% $7,209
    Bank of England 1 3.50% $13,773
    Bangor Savings Bank 1 2.75% $3,427
    Armed Forces Bank 1 6.38% $4,144
    Northpointe Bank 1 4.63% $15,385
    NORTHPOINT MORTGAGE, INC. 1 3.50% $4,846
    Northwest Federal Credit Union 1 3.88% $16,883
    NP, Inc. 1 2.25% $8,091
    EMBRACE HOME LOANS, INC. 1 3.13% $3,465
    American Mortgage & Equity Consultants, Inc. 1 4.25% $3,314
    Prime Choice Funding Inc. 1 2.25% $6,757
    CONTOUR MORTGAGE CORPORATION 1 5.63% $13,972
    Century Mortgage Company DBA Century Lending Company 1 2.50% $20,802
    RADIUS FINANCIAL GROUP INC. 1 3.75% $17,832
    RELIANCE FIRST CAPITAL, LLC 1 2.88% $11,524
    Ross Mortgage Company, Inc. 1 3.75% $16,174
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $14,163
    SALEM FIVE MORTGAGE COMPANY, LLC 1 3.00% $14,238
    Service Federal Credit Union 1 3.25% $4,294
    ZILLOW HOME LOANS, LLC 1 3.63% $3,034
    TD Bank 1 2.88% $13,033
    Texana Bank 1 3.63% $13,013
    The Central Trust Bank 1 2.75% $27,770
    Carrington Mortgage Services, LLC 1 3.00% $6,643
    Magnolia Bank 1 3.75% $16,761
    Low VA Rates, LLC 1 6.88% $5,688
    Leader Bank 1 2.63% $4,040
    KELLER MORTGAGE, LLC 1 5.75% $12,304
    HOMESIDE FINANCIAL, LLC 1 3.38% $15,697
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $20,832

    The top Manchester VA lender as defined by loan originations is Mortgage Research Center, LLC, with 78 VA loans originated. Their average total fees are $9,925, which is $3,290 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Manchester VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,767), MOVEMENT MORTGAGE, LLC ($9,406), USAA Federal Savings Bank ($9,502), UNITED WHOLESALE MORTGAGE, LLC ($9,783) and Mortgage Research Center, LLC ($9,925).

    The lowest rate Manchester VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.24%), QUICKEN LOANS, LLC (3.85%), CMG MORTGAGE, INC. (3.98%), LOANDEPOT.COM, LLC (4.19%) and NAVY FEDERAL CREDIT UNION (4.26%).

    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 $329,475 (-0.1%) $373,011 (-1.6%) 1.22 816
    2018-02-01 $339,884 (2.2%) $384,378 (0.9%) 1.24 751
    2018-03-01 $349,900 (3.1%) $396,644 (0.9%) 1.23 757
    2018-04-01 $349,450 (3.9%) $396,393 (0.7%) 1.18 834
    2018-05-01 $349,450 (2.8%) $402,869 (2.7%) 1.17 940
    2018-06-01 $339,900 (-0.4%) $400,232 (1.3%) 1.13 1,060
    2018-07-01 $339,418 (-0.1%) $398,231 (1.5%) 1.13 1,143
    2018-08-01 $334,913 (1.5%) $392,808 (3.4%) 1.12 1,162
    2018-09-01 $338,900 (2.7%) $391,182 (-0.5%) 1.14 1,207
    2018-10-01 $337,450 (2.3%) $394,024 (1.7%) 1.14 1,181
    2018-11-01 $334,900 (2.0%) $391,246 (4.7%) 1.14 1,102
    2018-12-01 $347,000 (6.8%) $393,217 (5.3%) 1.20 932
    2019-01-01 $349,450 (6.1%) $396,223 (6.2%) 1.21 775
    2019-02-01 $358,588 (5.5%) $403,041 (4.9%) 1.21 690
    2019-03-01 $363,886 (4.0%) $421,768 (6.3%) 1.19 724
    2019-04-01 $365,100 (4.5%) $429,365 (8.3%) 1.16 766
    2019-05-01 $365,225 (4.5%) $429,983 (6.7%) 1.14 867
    2019-06-01 $362,900 (6.8%) $429,854 (7.4%) 1.13 921
    2019-07-01 $364,950 (7.5%) $429,049 (7.7%) 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%) $418,485 (7.0%) 1.16 889
    2019-12-01 $360,575 (3.9%) $427,109 (8.6%) 1.20 708
    2020-01-01 $367,450 (5.2%) $429,513 (8.4%) 1.23 599
    2020-02-01 $378,400 (5.5%) $442,929 (9.9%) 1.24 533
    2020-03-01 $382,450 (5.1%) $444,803 (5.5%) 1.20 581
    2020-04-01 $386,400 (5.8%) $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 (8.8%) $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%) $459,144 (12.3%) 1.07 496
    2020-11-01 $382,400 (7.8%) $479,054 (14.5%) 1.12 395
    2020-12-01 $398,675 (10.6%) $490,261 (14.8%) 1.19 303
    2021-01-01 $399,900 (8.8%) $521,652 (21.5%) 1.19 232
    2021-02-01 $399,900 (5.7%) $513,704 (16.0%) 1.16 217
    2021-03-01 $394,950 (3.3%) $507,609 (14.1%) 1.12 257
    2021-04-01 $399,900 (3.5%) $504,434 (13.4%) 1.08 268
    2021-05-01 $409,900 (3.1%) $513,562 (12.8%) 1.09 285
    2021-06-01 $407,450 (3.2%) $493,617 (5.3%) 1.07 383
    2021-07-01 $409,000 (0.3%) $469,670 (-3.8%) 1.08 427
    2021-08-01 $402,250 (0.6%) $479,480 (0.0%) 1.07 431
    2021-09-01 $417,625 (11.4%) $497,100 (8.2%) 1.11 438
    2021-10-01 $419,900 (12.0%) $497,195 (8.3%) 1.12 394
    2021-11-01 $414,950 (8.5%) $488,845 (2.0%) 1.11 295
    2021-12-01 $441,975 (10.9%) $523,511 (6.8%) 1.20 193
    2022-01-01 $449,950 (12.5%) $552,742 (6.0%) 1.22 172
    2022-02-01 $445,000 (11.3%) $565,309 (10.1%) 1.16 161
    2022-03-01 $459,250 (16.3%) $569,134 (12.1%) 1.15 166
    2022-04-01 $447,450 (11.9%) $538,412 (6.7%) 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 (21.0%) $593,163 (23.7%) 1.12 416
    2022-09-01 $492,225 (17.9%) $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 $541,950 (20.5%) $637,312 (15.3%) 1.34 254
    2023-02-01 $562,200 (26.3%) $657,536 (16.3%) 1.36 226
    2023-03-01 $549,900 (19.7%) $648,732 (14.0%) 1.30 234
    2023-04-01 $532,500 (19.0%) $645,466 (19.9%) 1.24 248
    2023-05-01 $522,725 (17.6%) $622,296 (16.7%) 1.18 290
    2023-06-01 $535,425 (11.6%) $624,256 (11.3%) 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
    Manchester's median listing price for 2023-10-01 was $523,700, a difference of $24,700 (5.0%) versus the prior year and $-11,300 versus the prior month.

    Manchester's median listing price comes in at 123% of the national average.

    Manchester's average listing price for 2023-10-01 was $651,291, a difference of $33,331 (5.4%) versus the prior year and $8,624 versus the prior month.

    For the 2023-10-01 period, Manchester had 374 MLS listings, a difference of 13 listings (4%) versus the prior month and -30 listings (-7%) 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 82 days 1,925 sqft
    2018-02-01 73 days 1,972 sqft
    2018-03-01 51 days 2,050 sqft
    2018-04-01 38 days 2,073 sqft
    2018-05-01 36 days 2,106 sqft
    2018-06-01 37 days 2,096 sqft
    2018-07-01 42 days 2,092 sqft
    2018-08-01 47 days 2,064 sqft
    2018-09-01 51 days 2,070 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 73 days 2,045 sqft
    2019-03-01 50 days 2,097 sqft
    2019-04-01 36 days 2,125 sqft
    2019-05-01 32 days 2,137 sqft
    2019-06-01 33 days 2,135 sqft
    2019-07-01 39 days 2,191 sqft
    2019-08-01 44 days 2,151 sqft
    2019-09-01 47 days 2,090 sqft
    2019-10-01 49 days 2,042 sqft
    2019-11-01 57 days 2,016 sqft
    2019-12-01 68 days 2,043 sqft
    2020-01-01 76 days 2,015 sqft
    2020-02-01 60 days 2,016 sqft
    2020-03-01 34 days 2,036 sqft
    2020-04-01 42 days 2,037 sqft
    2020-05-01 48 days 2,063 sqft
    2020-06-01 36 days 2,082 sqft
    2020-07-01 39 days 2,133 sqft
    2020-08-01 30 days 2,079 sqft
    2020-09-01 25 days 1,935 sqft
    2020-10-01 30 days 1,954 sqft
    2020-11-01 38 days 1,931 sqft
    2020-12-01 49 days 1,925 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 1,891 sqft
    2021-09-01 18 days 1,937 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 2,004 sqft
    2023-05-01 11 days 2,006 sqft
    2023-06-01 17 days 1,981 sqft
    2023-07-01 22 days 2,078 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
    Manchester's median listing age (time on market) for 2023-10-01 was 24 days. This is -6% shorter than the same period one year ago.

    Manchester's median square footage for active listings during the 2023-10-01 period was 2,025 sqft. One year prior, the average listing was 2,106 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.