Nashville VA Loan Rates, Closing Costs & Stats
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, 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.
Nashville's 187 lenders originated 2,519 VA loans during 2023. The total origination value was $1,073,615,000, with an average VA loan value of $426,207.
Nashville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Nashville
averaged
6.46%
for the week of 2024-11-08, compared to the national average (all VA variants) of
6.34% for the same period.
Nashville's average VA mortgage closing costs are $7,105.
The average rate for the prior week (2024-11-01) was
6.31% and
one month ago for the week of 2024-10-04, the
average rate was 5.74%.
The average rate one year ago was 7.4%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.57%.
Nashville 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 Nashville level.
The top Nashville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
276 VA loans originated. Their average total fees are
$7,810, which is $3,357
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Nashville VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC ($4,738), NBKC BANK ($4,844), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,696), GUARANTEED RATE, INC. ($6,285) and DHI MORTGAGE COMPANY, LTD. ($6,312).
The lowest rate Nashville VA lenders (with over 10 loans originated) are
INSPIRE HOME LOANS INC. (5.37%), DHI MORTGAGE COMPANY, LTD. (5.37%), PENTAGON FEDERAL CREDIT UNION (5.42%), NVR Mortgage Finance, Inc. (5.42%) and EAGLE HOME MORTGAGE, LLC (5.46%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Nashville (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 | $383,919 (13.0%) | $528,839 (12.1%) | 1.42 | 5,897 |
| 2018-02-01 | $382,445 (10.0%) | $526,076 (10.2%) | 1.39 | 5,916 |
| 2018-03-01 | $385,000 (9.5%) | $534,819 (10.0%) | 1.35 | 5,928 |
| 2018-04-01 | $389,377 (8.8%) | $540,070 (8.7%) | 1.32 | 6,322 |
| 2018-05-01 | $385,000 (-1.3%) | $537,693 (-4.7%) | 1.29 | 6,839 |
| 2018-06-01 | $379,900 (-2.6%) | $531,125 (-5.5%) | 1.27 | 7,339 |
| 2018-07-01 | $374,335 (-3.6%) | $524,918 (-4.9%) | 1.25 | 7,910 |
| 2018-08-01 | $369,450 (-5.0%) | $517,990 (-4.8%) | 1.24 | 8,138 |
| 2018-09-01 | $365,000 (-6.2%) | $508,242 (-5.9%) | 1.23 | 8,783 |
| 2018-10-01 | $359,888 (-6.4%) | $504,088 (-5.2%) | 1.22 | 9,142 |
| 2018-11-01 | $354,900 (-6.6%) | $501,349 (-5.2%) | 1.20 | 9,077 |
| 2018-12-01 | $355,900 (-7.3%) | $504,444 (-5.0%) | 1.23 | 8,459 |
| 2019-01-01 | $356,818 (-7.1%) | $503,943 (-4.7%) | 1.23 | 7,996 |
| 2019-02-01 | $359,899 (-5.9%) | $507,320 (-3.6%) | 1.22 | 7,771 |
| 2019-03-01 | $364,237 (-5.4%) | $521,348 (-2.5%) | 1.19 | 7,572 |
| 2019-04-01 | $369,945 (-5.0%) | $533,099 (-1.3%) | 1.17 | 7,503 |
| 2019-05-01 | $374,575 (-2.7%) | $539,227 (0.3%) | 1.17 | 7,779 |
| 2019-06-01 | $378,000 (-0.5%) | $548,216 (3.2%) | 1.18 | 7,786 |
| 2019-07-01 | $375,000 (0.2%) | $544,535 (3.7%) | 1.17 | 7,884 |
| 2019-08-01 | $373,691 (1.2%) | $545,650 (5.3%) | 1.18 | 7,845 |
| 2019-09-01 | $371,615 (1.8%) | $547,416 (7.7%) | 1.19 | 7,780 |
| 2019-10-01 | $369,950 (2.8%) | $546,752 (8.5%) | 1.19 | 7,811 |
| 2019-11-01 | $369,900 (4.2%) | $545,306 (8.8%) | 1.21 | 7,678 |
| 2019-12-01 | $367,524 (3.3%) | $542,721 (7.6%) | 1.23 | 7,085 |
| 2020-01-01 | $366,450 (2.7%) | $540,612 (7.3%) | 1.22 | 6,378 |
| 2020-02-01 | $369,900 (2.8%) | $545,436 (7.5%) | 1.21 | 5,922 |
| 2020-03-01 | $379,700 (4.3%) | $550,681 (5.6%) | 1.19 | 5,826 |
| 2020-04-01 | $376,415 (1.8%) | $538,980 (1.1%) | 1.18 | 6,557 |
| 2020-05-01 | $385,000 (2.8%) | $559,814 (3.8%) | 1.17 | 6,556 |
| 2020-06-01 | $392,300 (3.8%) | $578,798 (5.6%) | 1.16 | 6,091 |
| 2020-07-01 | $391,995 (4.5%) | $590,848 (8.5%) | 1.14 | 6,086 |
| 2020-08-01 | $394,990 (5.7%) | $610,364 (11.9%) | 1.13 | 5,342 |
| 2020-09-01 | $399,900 (7.6%) | $606,626 (10.8%) | 1.15 | 4,810 |
| 2020-10-01 | $399,900 (8.1%) | $620,251 (13.4%) | 1.15 | 4,529 |
| 2020-11-01 | $398,375 (7.7%) | $620,681 (13.8%) | 1.16 | 4,182 |
| 2020-12-01 | $395,175 (7.5%) | $624,692 (15.1%) | 1.18 | 3,706 |
| 2021-01-01 | $392,915 (7.2%) | $623,251 (15.3%) | 1.17 | 3,148 |
| 2021-02-01 | $397,400 (7.4%) | $651,751 (19.5%) | 1.16 | 2,504 |
| 2021-03-01 | $399,900 (5.3%) | $663,517 (20.5%) | 1.13 | 2,214 |
| 2021-04-01 | $411,943 (9.4%) | $692,613 (28.5%) | 1.12 | 2,049 |
| 2021-05-01 | $415,000 (7.8%) | $724,694 (29.5%) | 1.10 | 1,994 |
| 2021-06-01 | $428,000 (9.1%) | $759,730 (31.3%) | 1.13 | 2,132 |
| 2021-07-01 | $449,000 (14.5%) | $781,510 (32.3%) | 1.18 | 2,557 |
| 2021-08-01 | $442,025 (11.9%) | $767,224 (25.7%) | 1.18 | 2,664 |
| 2021-09-01 | $447,245 (11.8%) | $770,786 (27.1%) | 1.19 | 2,809 |
| 2021-10-01 | $456,900 (14.3%) | $779,808 (25.7%) | 1.22 | 2,876 |
| 2021-11-01 | $459,945 (15.5%) | $793,667 (27.9%) | 1.23 | 2,559 |
| 2021-12-01 | $459,950 (16.4%) | $825,520 (32.2%) | 1.25 | 2,036 |
| 2022-01-01 | $459,600 (17.0%) | $842,380 (35.2%) | 1.24 | 1,623 |
| 2022-02-01 | $475,891 (19.8%) | $826,952 (26.9%) | 1.24 | 1,519 |
| 2022-03-01 | $499,900 (25.0%) | $869,720 (31.1%) | 1.25 | 1,598 |
| 2022-04-01 | $525,000 (27.4%) | $899,874 (29.9%) | 1.25 | 1,966 |
| 2022-05-01 | $549,900 (32.5%) | $919,840 (26.9%) | 1.26 | 2,689 |
| 2022-06-01 | $562,450 (31.4%) | $886,474 (16.7%) | 1.25 | 3,933 |
| 2022-07-01 | $549,999 (22.5%) | $848,183 (8.5%) | 1.24 | 5,391 |
| 2022-08-01 | $534,722 (21.0%) | $812,752 (5.9%) | 1.24 | 6,070 |
| 2022-09-01 | $529,450 (18.4%) | $816,834 (6.0%) | 1.24 | 6,352 |
| 2022-10-01 | $525,000 (14.9%) | $816,453 (4.7%) | 1.24 | 7,066 |
| 2022-11-01 | $524,425 (14.0%) | $806,923 (1.7%) | 1.26 | 7,270 |
| 2022-12-01 | $519,000 (12.8%) | $806,894 (-2.3%) | 1.28 | 6,628 |
| 2023-01-01 | $509,200 (10.8%) | $785,882 (-6.7%) | 1.26 | 6,420 |
| 2023-02-01 | $517,700 (8.8%) | $799,067 (-3.4%) | 1.25 | 6,072 |
| 2023-03-01 | $527,495 (5.5%) | $820,130 (-5.7%) | 1.24 | 5,643 |
| 2023-04-01 | $564,025 (7.4%) | $867,295 (-3.6%) | 1.31 | 5,750 |
| 2023-05-01 | $580,000 (5.5%) | $920,875 (0.1%) | 1.32 | 6,042 |
| 2023-06-01 | $590,695 (5.0%) | $938,703 (5.9%) | 1.33 | 6,423 |
| 2023-07-01 | $594,900 (8.2%) | $942,855 (11.2%) | 1.35 | 6,597 |
| 2023-08-01 | $583,495 (9.1%) | $920,370 (13.2%) | 1.34 | 6,834 |
| 2023-09-01 | $579,000 (9.4%) | $924,643 (13.2%) | 1.35 | 6,884 |
| 2023-10-01 | $573,430 (9.2%) | $925,905 (13.4%) | 1.35 | 6,991 |
| 2023-11-01 | $562,500 (7.3%) | $911,240 (12.9%) | 1.34 | 7,338 |
| 2023-12-01 | $559,000 (7.7%) | $901,460 (11.7%) | 1.36 | 6,916 |
| 2024-01-01 | $559,926 (10.0%) | $901,165 (14.7%) | 1.37 | 6,120 |
| 2024-02-01 | $560,243 (8.2%) | $900,001 (12.6%) | 1.35 | 5,903 |
| 2024-03-01 | $558,990 (6.0%) | $907,206 (10.6%) | 1.32 | 6,166 |
| 2024-04-01 | $573,475 (1.7%) | $919,909 (6.1%) | 1.33 | 6,733 |
| 2024-05-01 | $588,450 (1.5%) | $936,713 (1.7%) | 1.33 | 7,116 |
| 2024-06-01 | $575,000 (-2.7%) | $914,771 (-2.6%) | 1.29 | 7,706 |
| 2024-07-01 | $566,945 (-4.7%) | $901,544 (-4.4%) | 1.30 | 8,347 |
| 2024-08-01 | $550,000 (-5.7%) | $884,768 (-3.9%) | 1.28 | 8,550 |
| 2024-09-01 | $547,865 (-5.4%) | $862,742 (-6.7%) | 1.29 | 8,990 |
| 2024-10-01 | $542,447 (-5.4%) | $856,166 (-7.5%) | 1.28 | 9,051 |
Nashville's median listing price comes in at 128% of the national average.
Nashville's average listing price for 2024-10-01 was $856,166, a difference of $-69,739 (-7.5%) versus the prior year and $-6,576 versus the prior month.
For the 2024-10-01 period, Nashville had 9,051 MLS listings, a difference of 61 listings (1%) versus the prior month and 2,060 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Nashville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 51 days | 2,408 sqft |
| 2018-02-01 | 39 days | 2,403 sqft |
| 2018-03-01 | 36 days | 2,410 sqft |
| 2018-04-01 | 33 days | 2,411 sqft |
| 2018-05-01 | 33 days | 2,399 sqft |
| 2018-06-01 | 34 days | 2,400 sqft |
| 2018-07-01 | 36 days | 2,382 sqft |
| 2018-08-01 | 37 days | 2,345 sqft |
| 2018-09-01 | 38 days | 2,310 sqft |
| 2018-10-01 | 42 days | 2,287 sqft |
| 2018-11-01 | 43 days | 2,280 sqft |
| 2018-12-01 | 50 days | 2,289 sqft |
| 2019-01-01 | 54 days | 2,302 sqft |
| 2019-02-01 | 44 days | 2,303 sqft |
| 2019-03-01 | 39 days | 2,350 sqft |
| 2019-04-01 | 34 days | 2,393 sqft |
| 2019-05-01 | 33 days | 2,409 sqft |
| 2019-06-01 | 36 days | 2,415 sqft |
| 2019-07-01 | 37 days | 2,406 sqft |
| 2019-08-01 | 37 days | 2,398 sqft |
| 2019-09-01 | 37 days | 2,379 sqft |
| 2019-10-01 | 37 days | 2,358 sqft |
| 2019-11-01 | 40 days | 2,326 sqft |
| 2019-12-01 | 46 days | 2,320 sqft |
| 2020-01-01 | 48 days | 2,306 sqft |
| 2020-02-01 | 36 days | 2,308 sqft |
| 2020-03-01 | 33 days | 2,323 sqft |
| 2020-04-01 | 35 days | 2,305 sqft |
| 2020-05-01 | 36 days | 2,333 sqft |
| 2020-06-01 | 33 days | 2,332 sqft |
| 2020-07-01 | 31 days | 2,288 sqft |
| 2020-08-01 | 31 days | 2,237 sqft |
| 2020-09-01 | 31 days | 2,170 sqft |
| 2020-10-01 | 30 days | 2,124 sqft |
| 2020-11-01 | 31 days | 2,088 sqft |
| 2020-12-01 | 36 days | 2,055 sqft |
| 2021-01-01 | 34 days | 2,000 sqft |
| 2021-02-01 | 25 days | 1,998 sqft |
| 2021-03-01 | 18 days | 1,962 sqft |
| 2021-04-01 | 16 days | 1,959 sqft |
| 2021-05-01 | 11 days | 2,000 sqft |
| 2021-06-01 | 12 days | 1,987 sqft |
| 2021-07-01 | 15 days | 2,020 sqft |
| 2021-08-01 | 16 days | 2,029 sqft |
| 2021-09-01 | 19 days | 2,033 sqft |
| 2021-10-01 | 19 days | 2,055 sqft |
| 2021-11-01 | 22 days | 2,057 sqft |
| 2021-12-01 | 28 days | 2,055 sqft |
| 2022-01-01 | 26 days | 2,052 sqft |
| 2022-02-01 | 14 days | 2,038 sqft |
| 2022-03-01 | 11 days | 2,040 sqft |
| 2022-04-01 | 10 days | 2,106 sqft |
| 2022-05-01 | 12 days | 2,184 sqft |
| 2022-06-01 | 15 days | 2,246 sqft |
| 2022-07-01 | 21 days | 2,219 sqft |
| 2022-08-01 | 26 days | 2,214 sqft |
| 2022-09-01 | 31 days | 2,200 sqft |
| 2022-10-01 | 31 days | 2,196 sqft |
| 2022-11-01 | 38 days | 2,191 sqft |
| 2022-12-01 | 48 days | 2,198 sqft |
| 2023-01-01 | 52 days | 2,178 sqft |
| 2023-02-01 | 38 days | 2,184 sqft |
| 2023-03-01 | 35 days | 2,205 sqft |
| 2023-04-01 | 32 days | 2,251 sqft |
| 2023-05-01 | 30 days | 2,288 sqft |
| 2023-06-01 | 34 days | 2,303 sqft |
| 2023-07-01 | 33 days | 2,298 sqft |
| 2023-08-01 | 37 days | 2,282 sqft |
| 2023-09-01 | 37 days | 2,273 sqft |
| 2023-10-01 | 37 days | 2,259 sqft |
| 2023-11-01 | 39 days | 2,234 sqft |
| 2023-12-01 | 44 days | 2,210 sqft |
| 2024-01-01 | 46 days | 2,201 sqft |
| 2024-02-01 | 38 days | 2,189 sqft |
| 2024-03-01 | 32 days | 2,170 sqft |
| 2024-04-01 | 31 days | 2,180 sqft |
| 2024-05-01 | 30 days | 2,204 sqft |
| 2024-06-01 | 32 days | 2,194 sqft |
| 2024-07-01 | 36 days | 2,170 sqft |
| 2024-08-01 | 38 days | 2,151 sqft |
| 2024-09-01 | 52 days | 2,146 sqft |
| 2024-10-01 | 54 days | 2,137 sqft |
Nashville's median square footage for active listings during the 2024-10-01 period was 2,137 sqft. One year prior, the average listing was 2,259 sqft.