Mcminnville VA Loan Rates, Closing Costs & Stats
McMinnville, TN
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.
Mcminnville's 34 lenders originated 67 VA loans during 2023. The total origination value was $20,615,000, with an average VA loan value of $307,687.
Mcminnville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Mcminnville
averaged
-0.12%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Mcminnville's average VA mortgage closing costs are $5,507.
The average rate for the prior week (2024-11-22) was
6.55% and
one month ago for the week of 2024-10-25, the
average rate was 6.05%.
The average rate one year ago was 6.99%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Mcminnville 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 Mcminnville level.
The top Mcminnville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
15 VA loans originated. Their average total fees are
$6,190, which is $1,309
lower than the next largest lender,
NAVY FEDERAL CREDIT UNION.
The lowest fee Mcminnville VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,190), .
The lowest rate Mcminnville VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.70%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mcminnville (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 | $182,300 (48.9%) | $280,673 (37.5%) | 0.00 | 119 |
2018-02-01 | $189,125 (44.2%) | $290,380 (33.6%) | 0.00 | 114 |
2018-03-01 | $197,400 (65.4%) | $286,217 (34.2%) | 0.00 | 116 |
2018-04-01 | $191,200 (51.5%) | $284,010 (30.3%) | 0.00 | 127 |
2018-05-01 | $194,900 (45.3%) | $290,202 (24.5%) | 0.00 | 129 |
2018-06-01 | $190,950 (41.5%) | $276,310 (13.3%) | 0.00 | 136 |
2018-07-01 | $199,925 (33.4%) | $294,114 (17.4%) | 0.00 | 127 |
2018-08-01 | $201,200 (28.1%) | $284,237 (12.3%) | 0.00 | 141 |
2018-09-01 | $185,000 (19.4%) | $272,848 (8.0%) | 0.00 | 148 |
2018-10-01 | $193,100 (18.8%) | $274,616 (2.6%) | 0.00 | 152 |
2018-11-01 | $199,900 (12.7%) | $282,686 (1.1%) | 0.00 | 154 |
2018-12-01 | $199,900 (2.9%) | $280,774 (-2.6%) | 0.00 | 151 |
2019-01-01 | $199,900 (9.7%) | $283,183 (0.9%) | 0.00 | 138 |
2019-02-01 | $197,725 (4.6%) | $281,519 (-3.1%) | 0.00 | 132 |
2019-03-01 | $207,071 (4.9%) | $283,122 (-1.1%) | 0.00 | 119 |
2019-04-01 | $200,846 (5.1%) | $279,418 (-1.6%) | 0.00 | 117 |
2019-05-01 | $234,400 (20.3%) | $295,143 (1.7%) | 0.00 | 126 |
2019-06-01 | $229,900 (20.4%) | $295,917 (7.1%) | 0.00 | 115 |
2019-07-01 | $237,075 (18.6%) | $301,351 (2.5%) | 0.00 | 112 |
2019-08-01 | $262,564 (30.5%) | $316,042 (11.2%) | 0.00 | 110 |
2019-09-01 | $247,734 (33.9%) | $310,485 (13.8%) | 0.00 | 120 |
2019-10-01 | $234,350 (21.4%) | $303,744 (10.6%) | 0.00 | 128 |
2019-11-01 | $215,000 (7.6%) | $290,941 (2.9%) | 0.00 | 129 |
2019-12-01 | $212,000 (6.1%) | $294,831 (5.0%) | 0.00 | 116 |
2020-01-01 | $193,225 (-3.3%) | $270,442 (-4.5%) | 0.00 | 114 |
2020-02-01 | $188,250 (-4.8%) | $265,448 (-5.7%) | 0.00 | 102 |
2020-03-01 | $190,725 (-7.9%) | $283,860 (0.3%) | 0.00 | 96 |
2020-04-01 | $194,500 (-3.2%) | $288,346 (3.2%) | 0.00 | 97 |
2020-05-01 | $199,000 (-15.1%) | $299,984 (1.6%) | 0.00 | 98 |
2020-06-01 | $203,675 (-11.4%) | $323,598 (9.4%) | 0.00 | 77 |
2020-07-01 | $212,225 (-10.5%) | $342,755 (13.7%) | 0.00 | 76 |
2020-08-01 | $229,900 (-12.4%) | $347,617 (10.0%) | 0.00 | 71 |
2020-09-01 | $236,750 (-4.4%) | $366,626 (18.1%) | 0.00 | 74 |
2020-10-01 | $245,000 (4.5%) | $395,846 (30.3%) | 0.00 | 64 |
2020-11-01 | $247,450 (15.1%) | $397,157 (36.5%) | 0.00 | 69 |
2020-12-01 | $264,613 (24.8%) | $421,261 (42.9%) | 0.00 | 62 |
2021-01-01 | $249,500 (29.1%) | $439,105 (62.4%) | 0.00 | 56 |
2021-02-01 | $251,888 (33.8%) | $425,426 (60.3%) | 0.00 | 50 |
2021-03-01 | $309,800 (62.4%) | $550,072 (93.8%) | 0.00 | 39 |
2021-04-01 | $349,900 (79.9%) | $543,012 (88.3%) | 0.00 | 34 |
2021-05-01 | $339,000 (70.4%) | $494,339 (64.8%) | 0.00 | 42 |
2021-06-01 | $307,450 (51.0%) | $488,593 (51.0%) | 0.00 | 52 |
2021-07-01 | $294,500 (38.8%) | $399,565 (16.6%) | 0.00 | 67 |
2021-08-01 | $321,575 (39.9%) | $428,526 (23.3%) | 0.00 | 76 |
2021-09-01 | $349,900 (47.8%) | $454,100 (23.9%) | 0.00 | 76 |
2021-10-01 | $329,900 (34.7%) | $425,948 (7.6%) | 0.00 | 80 |
2021-11-01 | $256,980 (3.9%) | $345,166 (-13.1%) | 0.00 | 83 |
2021-12-01 | $259,675 (-1.9%) | $329,154 (-21.9%) | 0.00 | 75 |
2022-01-01 | $269,900 (8.2%) | $327,498 (-25.4%) | 0.00 | 69 |
2022-02-01 | $287,175 (14.0%) | $378,377 (-11.1%) | 0.00 | 58 |
2022-03-01 | $297,100 (-4.1%) | $370,372 (-32.7%) | 0.00 | 60 |
2022-04-01 | $299,900 (-14.3%) | $406,669 (-25.1%) | 0.00 | 70 |
2022-05-01 | $307,450 (-9.3%) | $442,497 (-10.5%) | 0.00 | 72 |
2022-06-01 | $312,450 (1.6%) | $515,228 (5.5%) | 0.00 | 102 |
2022-07-01 | $299,900 (1.8%) | $520,660 (30.3%) | 0.00 | 118 |
2022-08-01 | $319,908 (-0.5%) | $521,188 (21.6%) | 0.00 | 119 |
2022-09-01 | $321,150 (-8.2%) | $511,639 (12.7%) | 0.00 | 124 |
2022-10-01 | $344,900 (4.6%) | $522,023 (22.6%) | 0.00 | 132 |
2022-11-01 | $307,475 (19.7%) | $470,818 (36.4%) | 0.00 | 164 |
2022-12-01 | $310,000 (19.4%) | $463,081 (40.7%) | 0.00 | 148 |
2023-01-01 | $309,450 (14.7%) | $447,998 (36.8%) | 0.00 | 143 |
2023-02-01 | $307,400 (7.0%) | $419,175 (10.8%) | 0.00 | 138 |
2023-03-01 | $313,975 (5.7%) | $404,049 (9.1%) | 0.00 | 120 |
2023-04-01 | $344,900 (15.0%) | $428,762 (5.4%) | 0.00 | 122 |
2023-05-01 | $372,425 (21.1%) | $448,104 (1.3%) | 0.00 | 119 |
2023-06-01 | $376,150 (20.4%) | $452,628 (-12.2%) | 0.00 | 127 |
2023-07-01 | $356,200 (18.8%) | $503,772 (-3.2%) | 0.00 | 127 |
2023-08-01 | $359,675 (12.4%) | $494,398 (-5.1%) | 0.00 | 133 |
2023-09-01 | $349,700 (8.9%) | $478,377 (-6.5%) | 0.00 | 148 |
2023-10-01 | $345,900 (0.3%) | $466,752 (-10.6%) | 0.00 | 155 |
2023-11-01 | $345,224 (12.3%) | $460,916 (-2.1%) | 0.00 | 159 |
2023-12-01 | $345,450 (11.4%) | $459,391 (-0.8%) | 0.00 | 149 |
2024-01-01 | $347,600 (12.3%) | $453,389 (1.2%) | 0.00 | 140 |
2024-02-01 | $327,425 (6.5%) | $436,010 (4.0%) | 0.00 | 131 |
2024-03-01 | $325,000 (3.5%) | $434,148 (7.5%) | 0.00 | 141 |
2024-04-01 | $333,625 (-3.3%) | $431,744 (0.7%) | 0.00 | 160 |
2024-05-01 | $331,000 (-11.1%) | $419,013 (-6.5%) | 0.00 | 176 |
2024-06-01 | $329,900 (-12.3%) | $415,725 (-8.2%) | 0.00 | 189 |
2024-07-01 | $331,150 (-7.0%) | $411,826 (-18.3%) | 0.00 | 193 |
2024-08-01 | $325,000 (-9.6%) | $403,042 (-18.5%) | 0.00 | 191 |
2024-09-01 | $325,000 (-7.1%) | $400,238 (-16.3%) | 0.00 | 198 |
2024-10-01 | $329,900 (-4.6%) | $400,422 (-14.2%) | 0.00 | 207 |
Mcminnville's median listing price comes in at 0% of the national average.
Mcminnville's average listing price for 2024-10-01 was $400,422, a difference of $-66,330 (-14.2%) versus the prior year and $184 versus the prior month.
For the 2024-10-01 period, Mcminnville had 207 MLS listings, a difference of 9 listings (5%) versus the prior month and 52 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mcminnville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,870 sqft |
2018-02-01 | 0 days | 1,869 sqft |
2018-03-01 | 0 days | 1,908 sqft |
2018-04-01 | 0 days | 1,945 sqft |
2018-05-01 | 0 days | 1,888 sqft |
2018-06-01 | 0 days | 1,832 sqft |
2018-07-01 | 0 days | 1,928 sqft |
2018-08-01 | 0 days | 1,916 sqft |
2018-09-01 | 0 days | 1,730 sqft |
2018-10-01 | 0 days | 1,720 sqft |
2018-11-01 | 0 days | 1,816 sqft |
2018-12-01 | 0 days | 1,864 sqft |
2019-01-01 | 0 days | 1,918 sqft |
2019-02-01 | 0 days | 2,019 sqft |
2019-03-01 | 0 days | 1,912 sqft |
2019-04-01 | 0 days | 1,831 sqft |
2019-05-01 | 0 days | 2,028 sqft |
2019-06-01 | 0 days | 2,074 sqft |
2019-07-01 | 0 days | 2,082 sqft |
2019-08-01 | 0 days | 2,207 sqft |
2019-09-01 | 0 days | 2,178 sqft |
2019-10-01 | 0 days | 2,153 sqft |
2019-11-01 | 0 days | 2,021 sqft |
2019-12-01 | 0 days | 1,988 sqft |
2020-01-01 | 0 days | 1,814 sqft |
2020-02-01 | 0 days | 1,809 sqft |
2020-03-01 | 0 days | 1,811 sqft |
2020-04-01 | 0 days | 1,776 sqft |
2020-05-01 | 0 days | 1,795 sqft |
2020-06-01 | 0 days | 1,790 sqft |
2020-07-01 | 0 days | 1,867 sqft |
2020-08-01 | 0 days | 1,930 sqft |
2020-09-01 | 0 days | 1,862 sqft |
2020-10-01 | 0 days | 1,840 sqft |
2020-11-01 | 0 days | 1,878 sqft |
2020-12-01 | 0 days | 1,920 sqft |
2021-01-01 | 0 days | 1,924 sqft |
2021-02-01 | 0 days | 1,920 sqft |
2021-03-01 | 0 days | 2,127 sqft |
2021-04-01 | 0 days | 2,182 sqft |
2021-05-01 | 0 days | 2,055 sqft |
2021-06-01 | 0 days | 1,849 sqft |
2021-07-01 | 0 days | 1,766 sqft |
2021-08-01 | 0 days | 1,843 sqft |
2021-09-01 | 0 days | 1,920 sqft |
2021-10-01 | 0 days | 1,892 sqft |
2021-11-01 | 0 days | 1,608 sqft |
2021-12-01 | 0 days | 1,700 sqft |
2022-01-01 | 0 days | 1,728 sqft |
2022-02-01 | 0 days | 1,839 sqft |
2022-03-01 | 0 days | 1,849 sqft |
2022-04-01 | 0 days | 1,691 sqft |
2022-05-01 | 0 days | 1,576 sqft |
2022-06-01 | 0 days | 1,779 sqft |
2022-07-01 | 0 days | 1,743 sqft |
2022-08-01 | 0 days | 1,890 sqft |
2022-09-01 | 0 days | 1,822 sqft |
2022-10-01 | 0 days | 1,924 sqft |
2022-11-01 | 0 days | 1,848 sqft |
2022-12-01 | 0 days | 1,825 sqft |
2023-01-01 | 0 days | 1,777 sqft |
2023-02-01 | 0 days | 1,794 sqft |
2023-03-01 | 0 days | 1,778 sqft |
2023-04-01 | 0 days | 1,846 sqft |
2023-05-01 | 0 days | 1,924 sqft |
2023-06-01 | 0 days | 1,949 sqft |
2023-07-01 | 0 days | 1,929 sqft |
2023-08-01 | 0 days | 1,919 sqft |
2023-09-01 | 0 days | 1,819 sqft |
2023-10-01 | 0 days | 1,809 sqft |
2023-11-01 | 0 days | 1,724 sqft |
2023-12-01 | 0 days | 1,750 sqft |
2024-01-01 | 0 days | 1,712 sqft |
2024-02-01 | 0 days | 1,690 sqft |
2024-03-01 | 0 days | 1,660 sqft |
2024-04-01 | 0 days | 1,632 sqft |
2024-05-01 | 0 days | 1,644 sqft |
2024-06-01 | 0 days | 1,662 sqft |
2024-07-01 | 0 days | 1,640 sqft |
2024-08-01 | 0 days | 1,600 sqft |
2024-09-01 | 0 days | 1,647 sqft |
2024-10-01 | 0 days | 1,733 sqft |
Mcminnville's median square footage for active listings during the 2024-10-01 period was 1,733 sqft. One year prior, the average listing was 1,809 sqft.