Manchester VA Loans

MANCHESTER-NASHUA, NH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 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 115 lenders originated 1,579 VA loans during 2021. The total origination value was $516,095,000, with an average VA loan value of $326,849.

    Manchester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Manchester averaged 5.37% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.5% and one month ago for the week of 2022-04-08, the average rate was 5.02%.

    The average rate one year ago was 3.24%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.09%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Manchester level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 152 2.44% $5,343
    Mortgage Research Center, LLC 146 2.85% $6,090
    UNITED WHOLESALE MORTGAGE, LLC 92 2.49% $7,198
    PENNYMAC LOAN SERVICES, LLC 72 2.34% $6,594
    FREEDOM MORTGAGE CORPORATION 65 2.48% $2,651
    RESIDENTIAL MORTGAGE SERVICES, INC. 54 2.75% $7,498
    LOANDEPOT.COM, LLC 50 2.53% $6,167
    NAVY FEDERAL CREDIT UNION 49 2.50% $5,198
    CMG MORTGAGE, INC. 41 2.63% $6,907
    USAA Federal Savings Bank 38 2.73% $5,763
    LAKEVIEW LOAN SERVICING, LLC 37 2.45% $2,413
    The Federal Savings Bank 35 2.49% $7,315
    NEW DAY FINANCIAL, LLC 30 2.87% $8,529
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 2.95% $5,822
    CALIBER HOME LOANS, INC. 23 2.51% $3,916
    Mr. Cooper ( Nationstar Mortgage ) 22 2.71% $4,722
    HARBORONE MORTGAGE, LLC 22 2.63% $5,872
    CROSSCOUNTRY MORTGAGE, LLC 18 2.96% $8,206
    HOME POINT FINANCIAL CORPORATION 17 2.46% $3,726
    MOVEMENT MORTGAGE, LLC 17 2.96% $6,793
    NEWREZ LLC 16 2.64% $4,740
    Wells Fargo Bank 15 2.43% $4,775
    GUARANTEED RATE, INC. 14 2.41% $2,774
    First Guaranty Mortgage Corporation 14 2.32% $3,874
    AMERISAVE MORTGAGE CORPORATION 14 2.54% $8,246
    ACCELERATE MORTGAGE, LLC 11 2.39% $7,124
    MORTGAGE EQUITY PARTNERS LLC 10 2.59% $3,896
    LEADERONE FINANCIAL CORPORATION 10 2.71% $7,792
    LENDUS, LLC 9 2.25% $3,021
    EMBRACE HOME LOANS, INC. 8 2.42% $3,617
    PENTAGON FEDERAL CREDIT UNION 8 2.38% $1,332
    BROKER SOLUTIONS, INC. 8 2.55% $3,291
    NEW FED MORTGAGE, CORP. 8 2.78% $8,361
    NBKC BANK 8 2.38% $5,331
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.71% $7,553
    North American Savings Bank, F.S.B. 7 2.34% $5,509
    ST. MARY'S BANK 6 2.29% $8,760
    Magnolia Bank 6 2.50% $6,944
    TOTAL MORTGAGE SERVICES, LLC 6 3.10% $8,331
    Low VA Rates, LLC 5 2.10% $8,668
    NORTHPOINT MORTGAGE, INC. 5 2.75% $7,764
    NP, Inc. 5 2.25% $5,330
    Barrington Bank & Trust Company, N.A. 5 2.64% $5,768
    First Federal Bank 5 2.68% $12,859
    Carrington Mortgage Services, LLC 5 2.70% $2,813
    Mortgage Network, Inc. 5 2.90% $5,541
    PREMIA MORTGAGE, LLC 4 2.75% $3,111
    MUTUAL OF OMAHA MORTGAGE, INC. 4 2.53% $3,645
    BNC National Bank 4 2.19% $1,747
    Citizens Bank 4 2.38% $5,760
    KS StateBank 4 2.25% $3,740
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 2.97% $9,138
    EMM LOANS LLC 4 2.47% $10,840
    RADIUS FINANCIAL GROUP INC. 4 2.69% $2,924
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 2.97% $5,074
    GUILD MORTGAGE COMPANY 4 3.38% $14,339
    OCMBC, INC. 4 3.06% $9,151
    Flagstar Bank, FSB 4 2.97% $8,528
    GUARANTEED RATE AFFINITY, LLC 3 2.58% $6,784
    Waterstone Mortgage Corporation 3 2.92% $9,206
    VILLAGE CAPITAL & INVESTMENT LLC 3 2.25% $4,215
    TJC Mortgage, Inc. 3 2.38% $4,013
    AMERICAN FINANCIAL NETWORK, INC. 3 2.58% $9,734
    Evolve Bank & Trust 3 2.54% $7,967
    Sierra Pacific Mortgage Company, Inc. 3 2.96% $2,658
    Service Federal Credit Union 3 2.75% $4,172
    Prime Choice Funding Inc. 3 2.25% $2,470
    ENVOY MORTGAGE, LTD 3 3.08% $3,597
    PLANET HOME LENDING, LLC 3 2.42% $2,383
    KELLER MORTGAGE, LLC 2 2.75% $12,889
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.75% $13,205
    GENEVA FINANCIAL, LLC 2 2.88% $12,307
    Bank of New Hampshire 2 2.50% $4,239
    Capital Bank 2 2.38% $2,945
    Paramount Residential Mortgage Group, Inc. 2 2.56% $2,839
    RELIANCE FIRST CAPITAL, LLC 2 2.69% $6,107
    Leader Bank 2 2.31% $3,618
    Wyndham Capital Mortgage, Inc. 2 2.44% $6,448
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.25% $18,551
    AMCAP MORTGAGE, LTD. 1 2.88% $14,131
    AMERICAN FINANCING CORPORATION 1 2.38% $930
    Ameris Bank 1 2.63% $4,015
    Assurance Financial Group, L.L.C. 1 2.38% $10,100
    Bank of England 1 3.25% $4,006
    BAY EQUITY LLC 1 2.63% $3,651
    BOKF 1 2.50% $3,312
    CHURCHILL MORTGAGE CORPORATION 1 2.63% $4,522
    CONTOUR MORTGAGE CORPORATION 1 2.25% $3,213
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.25% $12,617
    Envision Bank 1 2.50% $11,208
    Equity Prime Mortgage LLC 1 3.25% $2,089
    EQUITY RESOURCES, INC. 1 2.25% $3,621
    FirstBank 1 2.38% $2,273
    Goldwater Bank, N.A. 1 2.50% $10,681
    GUARANTY HOME MORTGAGE CORPORATION 1 3.63% $2,573
    HANSCOM 1 2.88% $2,037
    Home Loan Investment Bank, F.S.B. 1 2.75% $4,461
    HOMESIDE FINANCIAL, LLC 1 2.38% $2,104
    ACADEMY MORTGAGE CORPORATION 1 3.75% $5,561
    Manufacturers and Traders Trust Company 1 2.50% $6,399
    Meridian Bank Corporation 1 2.25% $5,597
    MSA MORTGAGE, LLC 1 2.63% $16,469
    NATIONWIDE MORTGAGE BANKERS, INC. 1 3.63% $13,134
    NFM, INC. 1 3.13% $16,046
    Northpointe Bank 1 2.25% $2,560
    NORWICH COMMERCIAL GROUP, INC. 1 3.50% $4,255
    Paramount Bank 1 2.63% $14,169
    Presidential Bank, FSB 1 2.25% $0
    PROVINCE MORTGAGE ASSOCIATES, INC. 1 3.00% $5,464
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $3,574
    STEARNS LENDING, LLC 1 2.75% $7,615
    Strong Home Mortgage, LLC 1 2.25% $1,236
    SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $5,137
    Truist Bank 1 3.10% $14,193
    VAN DYK MORTGAGE CORPORATION 1 2.75% $11,938

    The top Manchester VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 152 VA loans originated. Their average total fees are $5,343, which is $747 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Manchester VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,413), FREEDOM MORTGAGE CORPORATION ($2,651), GUARANTEED RATE, INC. ($2,774), HOME POINT FINANCIAL CORPORATION ($3,726) and First Guaranty Mortgage Corporation ($3,874).

    The lowest rate Manchester VA lenders (with over 10 loans originated) are First Guaranty Mortgage Corporation (2.32%), PENNYMAC LOAN SERVICES, LLC (2.34%), ACCELERATE MORTGAGE, LLC (2.39%), GUARANTEED RATE, INC. (2.41%) and Wells Fargo Bank (2.43%).

    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 $333,900 (1.2%) $375,109 (-1.8%) 1.23 901
    2018-02-01 $340,950 (1.3%) $384,908 (0.3%) 1.23 824
    2018-03-01 $349,900 (2.6%) $397,429 (0.6%) 1.21 832
    2018-04-01 $348,900 (2.7%) $395,297 (-0.1%) 1.17 916
    2018-05-01 $349,950 (2.6%) $404,079 (2.5%) 1.17 1,027
    2018-06-01 $342,900 (-0.6%) $400,388 (0.4%) 1.14 1,154
    2018-07-01 $339,900 (-0.6%) $400,942 (1.6%) 1.13 1,251
    2018-08-01 $339,900 (1.5%) $394,692 (2.8%) 1.14 1,276
    2018-09-01 $339,900 (1.5%) $392,321 (-1.0%) 1.14 1,319
    2018-10-01 $341,950 (3.7%) $396,635 (2.9%) 1.14 1,278
    2018-11-01 $341,900 (2.7%) $395,922 (5.2%) 1.15 1,195
    2018-12-01 $349,900 (5.1%) $394,644 (5.1%) 1.20 1,002
    2019-01-01 $349,900 (4.8%) $395,623 (5.5%) 1.21 840
    2019-02-01 $358,900 (5.3%) $401,993 (4.4%) 1.20 747
    2019-03-01 $365,043 (4.3%) $421,662 (6.1%) 1.19 782
    2019-04-01 $368,900 (5.7%) $429,811 (8.7%) 1.16 831
    2019-05-01 $369,900 (5.7%) $432,031 (6.9%) 1.14 946
    2019-06-01 $370,900 (8.2%) $434,956 (8.6%) 1.14 999
    2019-07-01 $369,550 (8.7%) $432,509 (7.9%) 1.15 1,087
    2019-08-01 $366,229 (7.8%) $428,599 (8.6%) 1.15 1,070
    2019-09-01 $358,500 (5.5%) $423,719 (8.0%) 1.14 1,040
    2019-10-01 $354,900 (3.8%) $415,628 (4.8%) 1.13 1,057
    2019-11-01 $358,000 (4.7%) $421,017 (6.3%) 1.16 960
    2019-12-01 $364,500 (4.2%) $429,912 (8.9%) 1.22 763
    2020-01-01 $372,400 (6.4%) $428,477 (8.3%) 1.24 640
    2020-02-01 $384,900 (7.2%) $444,191 (10.5%) 1.24 568
    2020-03-01 $387,450 (6.1%) $446,253 (5.8%) 1.21 613
    2020-04-01 $390,900 (6.0%) $446,771 (4.0%) 1.22 631
    2020-05-01 $399,900 (8.1%) $454,849 (5.3%) 1.21 629
    2020-06-01 $404,900 (9.2%) $469,722 (8.0%) 1.18 636
    2020-07-01 $419,000 (13.4%) $491,734 (13.7%) 1.20 539
    2020-08-01 $401,150 (9.5%) $486,629 (13.5%) 1.15 550
    2020-09-01 $381,900 (6.5%) $463,744 (9.5%) 1.09 559
    2020-10-01 $383,900 (8.2%) $462,590 (11.3%) 1.10 527
    2020-11-01 $385,900 (7.8%) $484,184 (15.0%) 1.10 415
    2020-12-01 $398,650 (9.4%) $491,008 (14.2%) 1.17 335
    2021-01-01 $404,900 (8.7%) $528,127 (23.3%) 1.19 247
    2021-02-01 $399,900 (3.9%) $517,907 (16.6%) 1.15 230
    2021-03-01 $394,950 (1.9%) $507,911 (13.8%) 1.11 269
    2021-04-01 $399,900 (2.3%) $504,813 (13.0%) 1.07 276
    2021-05-01 $414,900 (3.8%) $516,702 (13.6%) 1.09 290
    2021-06-01 $409,950 (1.3%) $498,040 (6.0%) 1.06 404
    2021-07-01 $409,950 (-2.2%) $475,366 (-3.3%) 1.06 430
    2021-08-01 $404,950 (1.0%) $478,060 (-1.8%) 1.06 444
    2021-09-01 $417,500 (9.3%) $498,792 (7.6%) 1.10 457
    2021-10-01 $419,900 (9.4%) $498,937 (7.9%) 1.11 401
    2021-11-01 $414,900 (7.5%) $498,895 (3.0%) 1.09 301
    2021-12-01 $447,400 (12.2%) $531,780 (8.3%) 1.19 208
    2022-01-01 $449,900 (11.1%) $550,752 (4.3%) 1.20 171
    2022-02-01 $439,900 (10.0%) $555,838 (7.3%) 1.12 166
    2022-03-01 $461,700 (16.9%) $562,881 (10.8%) 1.14 172
    2022-04-01 $449,900 (12.5%) $530,484 (5.1%) 1.06 255
    Manchester's median listing price for 2022-04-01 was $449,900, a difference of $50,000 (12.5%) versus the prior year and $-11,800 versus the prior month.

    Manchester's median listing price comes in at 106% of the national average.

    Manchester's average listing price for 2022-04-01 was $530,484, a difference of $25,671 (5.1%) versus the prior year and $-32,397 versus the prior month.

    For the 2022-04-01 period, Manchester had 255 MLS listings, a difference of 83 listings (48%) versus the prior month and -21 listings (-8%) 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 88 days 1,936 sqft
    2018-02-01 87 days 1,974 sqft
    2018-03-01 56 days 2,045 sqft
    2018-04-01 44 days 2,058 sqft
    2018-05-01 40 days 2,104 sqft
    2018-06-01 43 days 2,094 sqft
    2018-07-01 47 days 2,093 sqft
    2018-08-01 52 days 2,070 sqft
    2018-09-01 54 days 2,082 sqft
    2018-10-01 58 days 2,107 sqft
    2018-11-01 61 days 2,096 sqft
    2018-12-01 78 days 2,088 sqft
    2019-01-01 81 days 2,011 sqft
    2019-02-01 82 days 2,036 sqft
    2019-03-01 56 days 2,099 sqft
    2019-04-01 42 days 2,119 sqft
    2019-05-01 37 days 2,146 sqft
    2019-06-01 37 days 2,150 sqft
    2019-07-01 43 days 2,192 sqft
    2019-08-01 46 days 2,178 sqft
    2019-09-01 51 days 2,130 sqft
    2019-10-01 51 days 2,054 sqft
    2019-11-01 57 days 2,016 sqft
    2019-12-01 68 days 2,043 sqft
    2020-01-01 77 days 2,009 sqft
    2020-02-01 67 days 2,016 sqft
    2020-03-01 38 days 2,047 sqft
    2020-04-01 43 days 2,036 sqft
    2020-05-01 52 days 2,059 sqft
    2020-06-01 38 days 2,088 sqft
    2020-07-01 42 days 2,166 sqft
    2020-08-01 29 days 2,106 sqft
    2020-09-01 27 days 1,954 sqft
    2020-10-01 30 days 1,975 sqft
    2020-11-01 38 days 1,954 sqft
    2020-12-01 49 days 1,927 sqft
    2021-01-01 53 days 1,932 sqft
    2021-02-01 35 days 1,894 sqft
    2021-03-01 12 days 1,917 sqft
    2021-04-01 9 days 1,975 sqft
    2021-05-01 8 days 2,016 sqft
    2021-06-01 11 days 1,956 sqft
    2021-07-01 16 days 1,996 sqft
    2021-08-01 21 days 1,918 sqft
    2021-09-01 21 days 1,939 sqft
    2021-10-01 24 days 1,930 sqft
    2021-11-01 32 days 1,853 sqft
    2021-12-01 38 days 1,939 sqft
    2022-01-01 33 days 1,836 sqft
    2022-02-01 12 days 1,892 sqft
    2022-03-01 8 days 1,965 sqft
    2022-04-01 8 days 1,966 sqft
    Manchester's median listing age (time on market) for 2022-04-01 was 8 days. This is -6% shorter than the same period one year ago.

    Manchester's median square footage for active listings during the 2022-04-01 period was 1,966 sqft. One year prior, the average listing was 1,975 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.