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%.

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.