Manchester VA Loans
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 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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.