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 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 6.5% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.91% and one month ago for the week of 2024-05-03, the average rate was 6.84%.

The average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.87%.

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
2024-04-01 $577,450 (8.4%) $734,215 (13.7%) 1.34 251
2024-05-01 $629,675 (20.5%) $783,879 (26.1%) 1.42 285
Manchester's median listing price for 2024-05-01 was $629,675, a difference of $107,175 (20.5%) versus the prior year and $52,225 versus the prior month.

Manchester's median listing price comes in at 142% of the national average.

Manchester's average listing price for 2024-05-01 was $783,879, a difference of $162,001 (26.1%) versus the prior year and $49,664 versus the prior month.

For the 2024-05-01 period, Manchester had 285 MLS listings, a difference of 34 listings (14%) versus the prior month and -5 listings (-2%) 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
2024-04-01 14 days 1,957 sqft
2024-05-01 14 days 2,104 sqft
Manchester's median listing age (time on market) for 2024-05-01 was 14 days. This is 30% longer than the same period one year ago.

Manchester's median square footage for active listings during the 2024-05-01 period was 2,104 sqft. One year prior, the average listing was 2,008 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.