Manchester VA Loan Rates, Closing Costs & Stats

MANCHESTER-NASHUA, NH

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.