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 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 0.21% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

Manchester's average VA mortgage closing costs are $5,637.

The average rate for the prior week (2022-11-18) was 6.7% and one month ago for the week of 2022-10-21, the average rate was 7.24%.

The average rate one year ago was 3.53%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.33%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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
HARBORONE MORTGAGE, LLC 22 2.63% $5,872
Mr. Cooper ( Nationstar Mortgage ) 22 2.71% $4,722
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
First Guaranty Mortgage Corporation 14 2.32% $3,874
AMERISAVE MORTGAGE CORPORATION 14 2.54% $8,246
GUARANTEED RATE, INC. 14 2.41% $2,774
ACCELERATE MORTGAGE, LLC 11 2.39% $7,124
LEADERONE FINANCIAL CORPORATION 10 2.71% $7,792
MORTGAGE EQUITY PARTNERS LLC 10 2.59% $3,896
LENDUS, LLC 9 2.25% $3,021
EMBRACE HOME LOANS, INC. 8 2.42% $3,617
NBKC BANK 8 2.38% $5,331
BROKER SOLUTIONS, INC. 8 2.55% $3,291
PENTAGON FEDERAL CREDIT UNION 8 2.38% $1,332
NEW FED MORTGAGE, CORP. 8 2.78% $8,361
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
EMM LOANS LLC 4 2.47% $10,840
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 2.97% $9,138
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 MORTGAGE 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
Meridian Bank Corporation 1 2.25% $5,597
MSA MORTGAGE, LLC 1 2.63% $16,469
M&T Bank 1 2.50% $6,399
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 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 $329,475 (-0.1%) $373,011 (-1.6%) 1.22 816
2018-02-01 $339,884 (2.2%) $384,375 (0.9%) 1.23 751
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 (2.4%) $394,024 (2.7%) 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 $363,971 (4.0%) $421,742 (6.3%) 1.19 725
2019-04-01 $365,221 (4.5%) $429,310 (8.3%) 1.16 768
2019-05-01 $365,000 (4.5%) $429,755 (6.7%) 1.14 871
2019-06-01 $362,900 (6.8%) $429,716 (7.4%) 1.13 925
2019-07-01 $364,975 (7.5%) $428,886 (7.7%) 1.14 1,006
2019-08-01 $360,486 (7.6%) $421,797 (7.4%) 1.14 999
2019-09-01 $353,716 (4.4%) $411,482 (5.2%) 1.13 989
2019-10-01 $349,900 (3.7%) $408,781 (3.8%) 1.13 983
2019-11-01 $354,900 (6.0%) $418,342 (6.9%) 1.16 893
2019-12-01 $361,300 (4.1%) $426,907 (8.6%) 1.20 712
2020-01-01 $367,475 (5.2%) $429,243 (8.3%) 1.23 603
2020-02-01 $378,400 (5.5%) $442,533 (9.8%) 1.24 537
2020-03-01 $383,450 (5.4%) $444,442 (5.4%) 1.20 585
2020-04-01 $386,750 (5.9%) $444,361 (3.5%) 1.21 606
2020-05-01 $397,575 (8.9%) $454,781 (5.8%) 1.21 604
2020-06-01 $394,900 (8.8%) $468,118 (8.9%) 1.16 618
2020-07-01 $407,200 (11.6%) $487,438 (13.7%) 1.18 521
2020-08-01 $399,900 (10.9%) $478,852 (13.5%) 1.15 516
2020-09-01 $374,950 (6.0%) $459,052 (11.6%) 1.07 542
2020-10-01 $375,000 (7.2%) $458,687 (12.2%) 1.07 500
2020-11-01 $383,425 (8.0%) $478,311 (14.3%) 1.12 399
2020-12-01 $398,675 (10.3%) $489,229 (14.6%) 1.18 307
2021-01-01 $399,900 (8.8%) $519,989 (21.1%) 1.19 236
2021-02-01 $399,900 (5.7%) $511,882 (15.7%) 1.16 221
2021-03-01 $394,950 (3.0%) $506,117 (13.9%) 1.12 261
2021-04-01 $399,900 (3.4%) $503,159 (13.2%) 1.08 272
2021-05-01 $409,000 (2.9%) $512,179 (12.6%) 1.08 289
2021-06-01 $407,450 (3.2%) $493,123 (5.3%) 1.07 386
2021-07-01 $406,950 (-0.1%) $468,796 (-3.8%) 1.07 430
2021-08-01 $400,000 (0.0%) $478,789 (0.0%) 1.07 435
2021-09-01 $416,225 (11.0%) $496,298 (8.1%) 1.11 442
2021-10-01 $419,000 (11.7%) $496,296 (8.2%) 1.12 398
2021-11-01 $413,650 (7.9%) $487,838 (2.0%) 1.10 299
2021-12-01 $437,450 (9.7%) $521,254 (6.6%) 1.19 197
2022-01-01 $449,900 (12.5%) $549,832 (5.7%) 1.22 176
2022-02-01 $445,000 (11.3%) $562,739 (9.9%) 1.16 166
2022-03-01 $457,450 (15.8%) $566,125 (11.9%) 1.15 170
2022-04-01 $442,500 (10.7%) $536,514 (6.6%) 1.06 244
2022-05-01 $444,500 (8.7%) $531,731 (3.8%) 1.02 316
2022-06-01 $479,725 (17.7%) $559,590 (13.5%) 1.07 393
2022-07-01 $499,000 (22.6%) $590,993 (26.1%) 1.13 417
2022-08-01 $483,750 (20.9%) $591,607 (23.6%) 1.12 420
2022-09-01 $487,400 (17.1%) $607,819 (22.5%) 1.14 405
2022-10-01 $495,000 (18.1%) $615,961 (24.1%) 1.16 407
Manchester's median listing price for 2022-10-01 was $495,000, a difference of $76,000 (18.1%) versus the prior year and $7,600 versus the prior month.

Manchester's median listing price comes in at 116% of the national average.

Manchester's average listing price for 2022-10-01 was $615,961, a difference of $119,665 (24.1%) versus the prior year and $8,142 versus the prior month.

For the 2022-10-01 period, Manchester had 407 MLS listings, a difference of 2 listings (0%) versus the prior month and 9 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 90 days 1,925 sqft
2018-02-01 86 days 1,972 sqft
2018-03-01 56 days 2,050 sqft
2018-04-01 44 days 2,073 sqft
2018-05-01 40 days 2,109 sqft
2018-06-01 42 days 2,099 sqft
2018-07-01 46 days 2,094 sqft
2018-08-01 52 days 2,066 sqft
2018-09-01 55 days 2,070 sqft
2018-10-01 57 days 2,107 sqft
2018-11-01 63 days 2,080 sqft
2018-12-01 79 days 2,075 sqft
2019-01-01 85 days 2,013 sqft
2019-02-01 84 days 2,045 sqft
2019-03-01 59 days 2,097 sqft
2019-04-01 41 days 2,124 sqft
2019-05-01 36 days 2,135 sqft
2019-06-01 37 days 2,133 sqft
2019-07-01 43 days 2,186 sqft
2019-08-01 46 days 2,145 sqft
2019-09-01 49 days 2,086 sqft
2019-10-01 52 days 2,039 sqft
2019-11-01 61 days 2,016 sqft
2019-12-01 73 days 2,043 sqft
2020-01-01 80 days 2,015 sqft
2020-02-01 71 days 2,016 sqft
2020-03-01 38 days 2,036 sqft
2020-04-01 43 days 2,037 sqft
2020-05-01 52 days 2,063 sqft
2020-06-01 38 days 2,082 sqft
2020-07-01 43 days 2,133 sqft
2020-08-01 33 days 2,079 sqft
2020-09-01 27 days 1,946 sqft
2020-10-01 31 days 1,954 sqft
2020-11-01 41 days 1,937 sqft
2020-12-01 51 days 1,931 sqft
2021-01-01 53 days 1,912 sqft
2021-02-01 30 days 1,869 sqft
2021-03-01 10 days 1,914 sqft
2021-04-01 10 days 1,966 sqft
2021-05-01 9 days 2,007 sqft
2021-06-01 11 days 1,955 sqft
2021-07-01 16 days 1,958 sqft
2021-08-01 19 days 1,893 sqft
2021-09-01 20 days 1,939 sqft
2021-10-01 24 days 1,930 sqft
2021-11-01 29 days 1,856 sqft
2021-12-01 37 days 1,918 sqft
2022-01-01 33 days 1,824 sqft
2022-02-01 13 days 1,902 sqft
2022-03-01 9 days 1,959 sqft
2022-04-01 8 days 1,966 sqft
2022-05-01 10 days 1,978 sqft
2022-06-01 11 days 1,991 sqft
2022-07-01 18 days 2,100 sqft
2022-08-01 25 days 2,043 sqft
2022-09-01 30 days 2,079 sqft
2022-10-01 27 days 2,106 sqft
Manchester's median listing age (time on market) for 2022-10-01 was 27 days. This is 13% longer than the same period one year ago.

Manchester's median square footage for active listings during the 2022-10-01 period was 2,106 sqft. One year prior, the average listing was 1,930 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.