Memphis VA Loan Rates, Closing Costs & Stats

MEMPHIS, TN-MS-AR

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    • 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.

    Memphis's 140 lenders originated 2,198 VA loans during 2024. The total origination value was $747,040,000, with an average VA loan value of $339,873.

    Memphis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Memphis averaged 6.71% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Memphis's average VA mortgage closing costs are $6,657.

    The average rate for the prior week (2025-05-16) was 6.5% and one month ago for the week of 2025-04-18, the average rate was 6.47%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.63%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Memphis 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 Memphis level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 368 6.43% $5,313
    UNITED WHOLESALE MORTGAGE, LLC 152 5.85% $7,987
    QUICKEN LOANS, LLC 136 6.02% $10,311
    FREEDOM MORTGAGE CORPORATION 127 6.21% $7,460
    COMMUNITY MORTGAGE CORPORATION 100 6.16% $11,692
    NAVY FEDERAL CREDIT UNION 98 5.91% $6,509
    DHI MORTGAGE COMPANY, LTD. 80 5.09% $7,135
    PENNYMAC LOAN SERVICES, LLC 64 5.62% $8,003
    GUARANTEED RATE, INC. 47 6.17% $5,259
    NEW DAY FINANCIAL, LLC 46 7.69% $12,335
    VILLAGE CAPITAL MORTGAGE 43 5.75% $7,222
    USAA Federal Savings Bank 35 6.24% $8,325
    Patriot Bank 31 6.04% $8,969
    CROSSCOUNTRY MORTGAGE, LLC 30 6.36% $9,366
    NEWREZ LLC 28 5.84% $7,486
    Trustmark National Bank 25 6.21% $4,846
    LOANDEPOT.COM, LLC 25 6.14% $9,199
    PLANET HOME LENDING, LLC 23 5.73% $4,009
    Leaders Credit Union 22 6.03% $7,375
    Barrington Bank & Trust Company, N.A. 20 6.41% $9,097
    The Federal Savings Bank 20 6.03% $19,139
    STOCKTON MORTGAGE CORPORATION 20 5.81% $10,742
    Eagle Bank and Trust Company 20 6.06% $6,632
    MORTGAGE SOLUTIONS OF COLORADO, LLC 20 7.21% $4,202
    MORTGAGE INVESTORS GROUP, INC. 18 6.13% $8,535
    Pinnacle Bank 18 6.14% $9,678
    Nations Lending Corporation 18 6.50% $7,869
    MUTUAL OF OMAHA MORTGAGE, INC. 18 6.51% $18,457
    BARTLETT MORTGAGE, INC. 16 6.23% $6,123
    BROKER SOLUTIONS, INC. 16 6.41% $11,115
    Mr. Cooper ( Nationstar Mortgage ) 14 6.03% $10,888
    Evolve Bank & Trust 13 6.47% $7,315
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.19% $6,595
    First Horizon Bank 13 6.23% $5,462
    CMG MORTGAGE, INC. 12 6.20% $8,479
    Magnolia Bank 11 5.97% $14,109
    Bank of England 10 6.29% $7,692
    BancorpSouth 10 6.28% $8,423
    CLEARPATH LENDING 9 5.74% $5,695
    Regions Bank 8 5.73% $6,625
    Paramount Residential Mortgage Group, Inc. 8 6.47% $9,448
    AmeriHome Mortgage Company, LLC 8 6.14% $7,252
    Equity Prime Mortgage LLC 8 6.98% $8,325
    Independent Bank 7 6.38% $8,013
    LAKEVIEW LOAN SERVICING, LLC 7 5.44% $5,815
    UNION HOME MORTGAGE CORP. 7 5.84% $9,699
    T2 FINANCIAL LLC 7 6.68% $8,848
    NBKC BANK 7 5.75% $9,088
    SWBC MORTGAGE CORPORATION 7 6.13% $11,340
    Wolfe Financial, Inc 6 6.63% $6,753
    AMERICAN FINANCIAL NETWORK, INC. 6 6.38% $7,274
    Carrington Mortgage Services, LLC 6 6.23% $9,269
    HOMESIDE FINANCIAL, LLC 6 6.25% $14,962
    Lakeview Community Capital, LLC 6 5.92% $5,864
    SOUTHWEST FUNDING, LP 6 7.21% $10,228
    EVERETT FINANCIAL, INC. 5 5.88% $8,197
    ENVOY MORTGAGE, LTD 5 6.35% $9,988
    GUILD MORTGAGE COMPANY 5 6.40% $9,912
    ACOPIA, LLC 5 5.90% $3,781
    MOVEMENT MORTGAGE, LLC 5 6.33% $9,892
    First Federal Bank 5 5.85% $7,801
    LOANPAL, LLC 4 5.87% $14,338
    RELIANCE FIRST CAPITAL, LLC 4 7.34% $10,907
    PENTAGON FEDERAL CREDIT UNION 4 6.28% $8,119
    PHH Mortgage Corporation 4 6.06% $6,233
    JPMorgan Chase Bank 4 6.31% $3,151
    AMERISAVE MORTGAGE CORPORATION 4 5.94% $13,800
    FIRST COMMUNITY MORTGAGE, INC. 4 6.53% $8,520
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.44% $5,847
    MILEND, INC. 3 6.04% $12,571
    PREMIA MORTGAGE, LLC 3 6.20% $14,766
    CARDINAL FINANCIAL 3 6.75% $10,799
    Renasant Bank 3 5.88% $7,008
    Financial Federal Bank 3 6.04% $4,956
    FBC MORTGAGE, LLC 3 4.32% $3,410
    Cornerstone First Mortgage, Inc 3 6.54% $5,179
    Truist 3 6.37% $5,173
    Mid-Continent Funding, Inc. 3 5.87% $7,676
    Flagstar Bank, FSB 3 6.67% $8,540
    JMAC LENDING, INC. 2 6.38% $11,657
    MORTGAGE ACCESS CORP. 2 6.06% $14,404
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.69% $9,835
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $15,243
    TJC Mortgage, Inc. 2 5.00% $9,107
    MORTGAGEONE, INC. 2 6.06% $12,153
    MORTGAGE FINANCIAL SERVICES, LLC 2 7.25% $15,035
    PLAZA HOME MORTGAGE, INC. 2 5.99% $15,918
    MICHIGAN MUTUAL, INC. 2 6.75% $3,734
    EMM LOANS LLC 2 6.88% $9,294
    DIRECTIONS EQUITY, LLC 2 6.00% $17,353
    Prosperity Home Mortgage, LLC 2 6.56% $7,906
    FirstBank 2 6.69% $3,254
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.50% $3,814
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $10,964
    BAY EQUITY LLC 1 6.13% $5,719
    Arvest Bank 1 5.50% $5,537
    The Huntington National Bank 1 6.63% $23,224
    TOWNE MORTGAGE COMPANY 1 6.63% $5,053
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $19,496
    AMERICAN FINANCING CORPORATION 1 5.13% $9,487
    U.S. Bank 1 6.63% $4,391
    First State Bank of St. Charles, Missouri 1 6.50% $5,023
    First Community Bank 1 6.00% $21,018
    GMFS LLC 1 6.75% $5,787
    GSF Mortgage Corporation 1 6.13% $15,532
    First Citizens National Bank 1 5.50% $10,840
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.50% $8,672
    HomePromise Corporation 1 7.38% $1,054
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.63% $0
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $2,359
    FEDEX EMPLOYEES CREDIT ASSOCIATION 1 6.50% $5,823
    Merchants & Marine Bank 1 5.13% $15,571
    MID AMERICA MORTGAGE, INC. 1 5.63% $6,528
    ENDEAVOR CAPITAL, LLC. 1 6.25% $3,871
    ENCORE BANK 1 5.63% $4,724
    NASA Federal Credit Union 1 5.50% $11,279
    DELMAR FINANCIAL COMPANY 1 6.13% $1,815
    DATA MORTGAGE, INC. 1 5.75% $2,534
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $6,448
    DAS Acquisition Company, LLC 1 6.25% $11,449
    NexBank 1 5.88% $5,164
    NFM, INC. 1 5.13% $8,966
    NORWICH COMMERCIAL GROUP, INC. 1 6.63% $1,403
    ONY GLO, INC. 1 7.13% $800
    CONTOUR MORTGAGE CORPORATION 1 5.75% $3,893
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.00% $2,473
    CIS Financial Services, Inc. 1 6.63% $4,933
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $21,985
    CHARTER WEST BANK 1 6.25% $9,491
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $7,372
    Presidential Bank, FSB 1 5.63% $5,183
    Century Mortgage Company DBA Century Lending Company 1 6.25% $13,962
    CASTLE & COOKE MORTGAGE, LLC 1 7.25% $6,422
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $14,066
    SeaTrust Mortgage Company 1 6.50% $4,039
    SFMC, LP 1 6.25% $9,157
    SIRVA MORTGAGE, INC. 1 7.25% $4,725
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $0
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $18,399
    SUN WEST MORTGAGE COMPANY, INC. 1 5.87% $5,588

    The top Memphis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 368 VA loans originated. Their average total fees are $5,313, which is $2,674 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Memphis VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,009), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,202), Trustmark National Bank ($4,846), GUARANTEED RATE, INC. ($5,259) and Mortgage Research Center, LLC ($5,313).

    The lowest rate Memphis VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.09%), PENNYMAC LOAN SERVICES, LLC (5.62%), PLANET HOME LENDING, LLC (5.73%), VILLAGE CAPITAL MORTGAGE (5.75%) and STOCKTON MORTGAGE CORPORATION (5.81%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Memphis (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 $186,000 (9.5%) $245,469 (5.5%) 0.69 3,833
    2018-02-01 $183,888 (8.2%) $242,438 (4.8%) 0.67 3,817
    2018-03-01 $185,000 (6.7%) $247,771 (5.4%) 0.65 3,822
    2018-04-01 $191,975 (6.7%) $254,825 (3.5%) 0.65 3,224
    2018-05-01 $199,925 (8.1%) $264,572 (5.0%) 0.67 3,183
    2018-06-01 $210,000 (8.3%) $266,962 (4.9%) 0.70 3,436
    2018-07-01 $212,450 (8.1%) $265,749 (4.3%) 0.71 3,781
    2018-08-01 $212,163 (8.8%) $264,381 (4.7%) 0.71 3,786
    2018-09-01 $210,000 (6.5%) $263,674 (4.0%) 0.71 3,788
    2018-10-01 $214,950 (11.4%) $266,470 (6.9%) 0.73 3,789
    2018-11-01 $209,988 (10.6%) $261,545 (5.0%) 0.71 3,754
    2018-12-01 $209,900 (13.5%) $256,048 (3.4%) 0.72 3,490
    2019-01-01 $202,975 (9.1%) $253,358 (3.2%) 0.70 3,161
    2019-02-01 $205,838 (11.9%) $256,976 (6.0%) 0.70 3,055
    2019-03-01 $213,043 (15.2%) $268,071 (8.2%) 0.70 2,990
    2019-04-01 $220,400 (14.8%) $279,675 (9.8%) 0.70 3,008
    2019-05-01 $229,350 (14.7%) $284,955 (7.7%) 0.72 3,019
    2019-06-01 $229,900 (9.5%) $288,083 (7.9%) 0.72 3,122
    2019-07-01 $229,950 (8.2%) $289,103 (8.8%) 0.72 3,264
    2019-08-01 $232,082 (9.4%) $289,165 (9.4%) 0.73 3,246
    2019-09-01 $230,855 (9.9%) $289,920 (10.0%) 0.74 3,211
    2019-10-01 $230,086 (7.0%) $291,221 (9.3%) 0.74 3,181
    2019-11-01 $231,565 (10.3%) $294,108 (12.5%) 0.76 3,112
    2019-12-01 $232,000 (10.5%) $291,532 (13.9%) 0.77 2,958
    2020-01-01 $227,534 (12.1%) $289,112 (14.1%) 0.76 2,765
    2020-02-01 $229,900 (11.7%) $294,520 (14.6%) 0.75 2,532
    2020-03-01 $240,997 (13.1%) $305,373 (13.9%) 0.76 2,413
    2020-04-01 $247,950 (12.5%) $311,696 (11.5%) 0.78 2,416
    2020-05-01 $249,900 (9.0%) $318,898 (11.9%) 0.76 2,239
    2020-06-01 $256,813 (11.7%) $329,553 (14.4%) 0.76 2,006
    2020-07-01 $259,923 (13.0%) $340,769 (17.9%) 0.75 1,827
    2020-08-01 $263,900 (13.7%) $338,070 (16.9%) 0.76 1,737
    2020-09-01 $259,900 (12.6%) $335,838 (15.8%) 0.74 1,628
    2020-10-01 $259,900 (13.0%) $338,445 (16.2%) 0.74 1,627
    2020-11-01 $257,450 (11.2%) $330,513 (12.4%) 0.75 1,563
    2020-12-01 $249,495 (7.5%) $319,184 (9.5%) 0.74 1,445
    2021-01-01 $240,000 (5.5%) $315,868 (9.3%) 0.72 1,272
    2021-02-01 $233,995 (1.8%) $319,162 (8.4%) 0.68 1,117
    2021-03-01 $237,250 (-1.6%) $327,646 (7.3%) 0.67 1,047
    2021-04-01 $239,750 (-3.3%) $329,374 (5.7%) 0.65 1,033
    2021-05-01 $239,900 (-4.0%) $324,225 (1.7%) 0.64 1,078
    2021-06-01 $240,000 (-6.6%) $320,885 (-2.6%) 0.63 1,201
    2021-07-01 $245,000 (-5.7%) $319,754 (-6.2%) 0.65 1,342
    2021-08-01 $249,900 (-5.3%) $324,606 (-4.0%) 0.67 1,450
    2021-09-01 $248,200 (-4.5%) $321,860 (-4.2%) 0.66 1,417
    2021-10-01 $265,000 (2.0%) $338,287 (-0.1%) 0.71 1,336
    2021-11-01 $256,875 (-0.2%) $337,405 (2.1%) 0.69 1,286
    2021-12-01 $242,500 (-2.8%) $326,509 (2.3%) 0.66 1,239
    2022-01-01 $219,900 (-8.4%) $323,241 (2.3%) 0.59 1,092
    2022-02-01 $225,000 (-3.8%) $330,575 (3.6%) 0.59 966
    2022-03-01 $224,950 (-5.2%) $325,740 (-0.6%) 0.56 1,062
    2022-04-01 $246,500 (2.8%) $340,495 (3.4%) 0.59 1,156
    2022-05-01 $292,500 (21.9%) $366,244 (13.0%) 0.67 1,312
    2022-06-01 $305,000 (27.1%) $376,023 (17.2%) 0.68 1,590
    2022-07-01 $319,900 (30.6%) $375,743 (17.5%) 0.72 2,052
    2022-08-01 $312,629 (25.1%) $369,716 (13.9%) 0.72 2,214
    2022-09-01 $316,100 (27.4%) $370,436 (15.1%) 0.74 2,337
    2022-10-01 $319,900 (20.7%) $367,170 (8.5%) 0.75 2,592
    2022-11-01 $324,950 (26.5%) $368,782 (9.3%) 0.78 2,779
    2022-12-01 $325,000 (34.0%) $370,398 (13.4%) 0.80 2,668
    2023-01-01 $324,950 (47.8%) $364,280 (12.7%) 0.80 2,416
    2023-02-01 $323,048 (43.6%) $361,857 (9.5%) 0.78 2,274
    2023-03-01 $318,995 (41.8%) $355,549 (9.2%) 0.75 2,299
    2023-04-01 $324,900 (31.8%) $364,844 (7.2%) 0.76 2,340
    2023-05-01 $325,000 (11.1%) $369,099 (0.8%) 0.74 2,411
    2023-06-01 $326,995 (7.2%) $375,003 (-0.3%) 0.73 2,538
    2023-07-01 $325,000 (1.6%) $369,187 (-1.7%) 0.74 2,741
    2023-08-01 $320,000 (2.4%) $367,659 (-0.6%) 0.73 2,899
    2023-09-01 $310,000 (-1.9%) $360,254 (-2.8%) 0.72 3,176
    2023-10-01 $317,995 (-0.6%) $366,047 (-0.3%) 0.75 3,386
    2023-11-01 $319,900 (-1.6%) $368,596 (-0.1%) 0.76 3,480
    2023-12-01 $317,990 (-2.2%) $366,669 (-1.0%) 0.78 3,429
    2024-01-01 $320,225 (-1.5%) $369,306 (1.4%) 0.78 3,114
    2024-02-01 $324,000 (0.3%) $373,526 (3.2%) 0.78 3,081
    2024-03-01 $325,990 (2.2%) $376,715 (6.0%) 0.77 3,181
    2024-04-01 $339,450 (4.5%) $390,523 (7.0%) 0.79 3,261
    2024-05-01 $348,400 (7.2%) $403,885 (9.4%) 0.79 3,514
    2024-06-01 $344,900 (5.5%) $396,477 (5.7%) 0.78 3,886
    2024-07-01 $341,495 (5.1%) $395,804 (7.2%) 0.78 4,079
    2024-08-01 $339,000 (5.9%) $393,627 (7.1%) 0.79 4,193
    2024-09-01 $335,998 (8.4%) $390,303 (8.3%) 0.79 4,332
    2024-10-01 $334,500 (5.2%) $389,298 (6.4%) 0.79 4,421
    2024-11-01 $333,530 (4.3%) $388,067 (5.3%) 0.80 4,472
    2024-12-01 $329,900 (3.8%) $386,783 (5.5%) 0.82 4,064
    2025-01-01 $329,500 (2.9%) $385,625 (4.4%) 0.82 3,833
    2025-02-01 $328,050 (1.3%) $378,805 (1.4%) 0.80 3,977
    2025-03-01 $334,000 (2.5%) $383,625 (1.8%) 0.79 4,076
    2025-04-01 $345,495 (1.8%) $400,951 (2.7%) 0.80 4,264
    Memphis's median listing price for 2025-04-01 was $345,495, a difference of $6,045 (1.8%) versus the prior year and $11,495 versus the prior month.

    Memphis's median listing price comes in at 80% of the national average.

    Memphis's average listing price for 2025-04-01 was $400,951, a difference of $10,428 (2.7%) versus the prior year and $17,326 versus the prior month.

    For the 2025-04-01 period, Memphis had 4,264 MLS listings, a difference of 188 listings (5%) versus the prior month and 1,003 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Memphis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 76 days 2,097 sqft
    2018-02-01 69 days 2,079 sqft
    2018-03-01 50 days 2,057 sqft
    2018-04-01 51 days 2,094 sqft
    2018-05-01 50 days 2,103 sqft
    2018-06-01 47 days 2,124 sqft
    2018-07-01 48 days 2,116 sqft
    2018-08-01 54 days 2,166 sqft
    2018-09-01 58 days 2,183 sqft
    2018-10-01 59 days 2,206 sqft
    2018-11-01 62 days 2,210 sqft
    2018-12-01 67 days 2,200 sqft
    2019-01-01 75 days 2,181 sqft
    2019-02-01 70 days 2,183 sqft
    2019-03-01 60 days 2,214 sqft
    2019-04-01 51 days 2,240 sqft
    2019-05-01 48 days 2,250 sqft
    2019-06-01 51 days 2,217 sqft
    2019-07-01 51 days 2,174 sqft
    2019-08-01 53 days 2,192 sqft
    2019-09-01 54 days 2,197 sqft
    2019-10-01 56 days 2,211 sqft
    2019-11-01 59 days 2,248 sqft
    2019-12-01 67 days 2,232 sqft
    2020-01-01 75 days 2,213 sqft
    2020-02-01 73 days 2,232 sqft
    2020-03-01 55 days 2,299 sqft
    2020-04-01 52 days 2,259 sqft
    2020-05-01 57 days 2,265 sqft
    2020-06-01 52 days 2,274 sqft
    2020-07-01 47 days 2,260 sqft
    2020-08-01 45 days 2,375 sqft
    2020-09-01 44 days 2,336 sqft
    2020-10-01 44 days 2,295 sqft
    2020-11-01 47 days 2,349 sqft
    2020-12-01 52 days 2,199 sqft
    2021-01-01 59 days 2,265 sqft
    2021-02-01 58 days 2,145 sqft
    2021-03-01 50 days 2,167 sqft
    2021-04-01 39 days 2,120 sqft
    2021-05-01 35 days 2,112 sqft
    2021-06-01 33 days 2,075 sqft
    2021-07-01 35 days 2,091 sqft
    2021-08-01 38 days 2,122 sqft
    2021-09-01 40 days 2,124 sqft
    2021-10-01 33 days 2,116 sqft
    2021-11-01 38 days 2,127 sqft
    2021-12-01 44 days 2,152 sqft
    2022-01-01 47 days 2,101 sqft
    2022-02-01 39 days 2,010 sqft
    2022-03-01 36 days 1,965 sqft
    2022-04-01 32 days 2,111 sqft
    2022-05-01 31 days 2,359 sqft
    2022-06-01 30 days 2,429 sqft
    2022-07-01 31 days 2,376 sqft
    2022-08-01 38 days 2,318 sqft
    2022-09-01 42 days 2,232 sqft
    2022-10-01 45 days 2,202 sqft
    2022-11-01 50 days 2,179 sqft
    2022-12-01 61 days 2,200 sqft
    2023-01-01 71 days 2,196 sqft
    2023-02-01 67 days 2,184 sqft
    2023-03-01 53 days 2,166 sqft
    2023-04-01 47 days 2,160 sqft
    2023-05-01 43 days 2,168 sqft
    2023-06-01 44 days 2,202 sqft
    2023-07-01 44 days 2,128 sqft
    2023-08-01 46 days 2,112 sqft
    2023-09-01 46 days 2,050 sqft
    2023-10-01 50 days 2,084 sqft
    2023-11-01 56 days 2,140 sqft
    2023-12-01 63 days 2,156 sqft
    2024-01-01 73 days 2,167 sqft
    2024-02-01 68 days 2,191 sqft
    2024-03-01 51 days 2,196 sqft
    2024-04-01 48 days 2,200 sqft
    2024-05-01 48 days 2,212 sqft
    2024-06-01 51 days 2,226 sqft
    2024-07-01 51 days 2,201 sqft
    2024-08-01 59 days 2,216 sqft
    2024-09-01 62 days 2,175 sqft
    2024-10-01 64 days 2,169 sqft
    2024-11-01 66 days 2,167 sqft
    2024-12-01 73 days 2,198 sqft
    2025-01-01 77 days 2,200 sqft
    2025-02-01 71 days 2,202 sqft
    2025-03-01 58 days 2,202 sqft
    2025-04-01 56 days 2,232 sqft
    Memphis's median listing age (time on market) for 2025-04-01 was 56 days. This is 17% longer than the same period one year ago.

    Memphis's median square footage for active listings during the 2025-04-01 period was 2,232 sqft. One year prior, the average listing was 2,200 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.