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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.