Nashville VA Loan Rates, Closing Costs & Stats

NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN

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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.

    Nashville's 206 lenders originated 3,420 VA loans during 2024. The total origination value was $1,572,030,000, with an average VA loan value of $459,658.

    Nashville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Nashville averaged 0.2% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Nashville's average VA mortgage closing costs are $7,375.

    The average rate for the prior week (2025-06-13) was 6.84% and one month ago for the week of 2025-05-16, the average rate was 6.8%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.05%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 444 5.83% $9,930
    Mortgage Research Center, LLC 363 6.31% $7,951
    QUICKEN LOANS, LLC 203 5.95% $12,221
    FREEDOM MORTGAGE CORPORATION 155 6.05% $10,040
    CMG MORTGAGE, INC. 124 6.08% $14,755
    PENNYMAC LOAN SERVICES, LLC 105 5.67% $9,636
    NAVY FEDERAL CREDIT UNION 78 5.86% $6,850
    LOANDEPOT.COM, LLC 73 5.79% $12,813
    NVR Mortgage Finance, Inc. 71 5.99% $7,967
    USAA Federal Savings Bank 65 6.08% $8,981
    VILLAGE CAPITAL MORTGAGE 61 5.69% $8,855
    DHI MORTGAGE COMPANY, LTD. 60 5.28% $6,470
    Legacy Home Loans, LLC 55 6.18% $10,202
    MOVEMENT MORTGAGE, LLC 46 6.05% $11,038
    CROSSCOUNTRY MORTGAGE, LLC 45 6.17% $9,888
    NEWREZ LLC 45 6.02% $9,071
    FIRST COMMUNITY MORTGAGE, INC. 43 6.15% $8,870
    FirstBank 42 6.19% $8,576
    NEW DAY FINANCIAL, LLC 40 7.41% $15,457
    VANDERBILT MORTGAGE AND FINANCE, INC. 39 5.78% $7,208
    GUARANTEED RATE, INC. 36 6.04% $6,447
    EAGLE HOME MORTGAGE, LLC 36 5.10% $5,621
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 35 6.24% $12,052
    The Federal Savings Bank 32 6.31% $19,809
    SeaTrust Mortgage Company 27 6.34% $10,123
    BROKER SOLUTIONS, INC. 26 6.64% $11,261
    INSPIRE HOME LOANS INC. 26 5.39% $9,422
    Ameris Bank 25 6.39% $7,270
    LAKEVIEW LOAN SERVICING, LLC 24 5.74% $7,529
    CHURCHILL MORTGAGE CORPORATION 21 6.06% $8,305
    PLANET HOME LENDING, LLC 20 5.56% $5,964
    AMERICAN PACIFIC MORTGAGE CORPORATION 19 6.37% $11,466
    MORTGAGE SOLUTIONS OF COLORADO, LLC 18 7.03% $7,376
    U.S. Bank 18 6.32% $9,441
    MORTGAGE INVESTORS GROUP, INC. 18 6.17% $10,564
    ROSS MORTGAGE CORPORATION 18 5.98% $11,339
    Mr. Cooper ( Nationstar Mortgage ) 17 6.10% $9,423
    CLEARPATH LENDING 17 5.86% $12,464
    The First National Bank of Middle Tennessee 15 6.10% $7,803
    NBKC BANK 15 5.77% $5,734
    HOMEAMERICAN MORTGAGE CORPORATION 15 5.39% $6,040
    First Federal Bank 14 5.86% $6,146
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 14 6.28% $7,155
    Carrington Mortgage Services, LLC 14 6.21% $14,934
    PULTE MORTGAGE LLC 13 5.89% $5,995
    Magnolia Bank 13 5.92% $24,594
    Pinnacle Bank 13 6.15% $10,234
    Old National Bank 13 6.02% $4,490
    MUTUAL OF OMAHA MORTGAGE, INC. 11 6.18% $24,038
    SUN WEST MORTGAGE COMPANY, INC. 11 5.94% $6,944
    RELIANCE FIRST CAPITAL, LLC 11 6.40% $13,543
    PRIMARY RESIDENTIAL MORTGAGE, INC. 10 6.35% $7,100
    INTERLINC MORTGAGE SERVICES, LLC 10 6.08% $7,457
    Legends Bank 10 6.00% $9,936
    Fifth Third Bank 9 6.07% $4,644
    GUILD MORTGAGE COMPANY 9 6.58% $12,917
    PENTAGON FEDERAL CREDIT UNION 9 5.72% $5,135
    Flagstar Bank, FSB 8 6.20% $4,942
    CARDINAL FINANCIAL 8 6.80% $13,977
    M/I FINANCIAL, LLC 8 5.19% $22,347
    SWBC MORTGAGE CORPORATION 8 6.28% $3,123
    T2 FINANCIAL LLC 8 5.98% $12,526
    ISERVE RESIDENTIAL LENDING, LLC 8 6.03% $6,340
    ACOPIA, LLC 7 6.55% $10,720
    CANOPY MORTGAGE, LLC 7 6.29% $20,102
    Century Mortgage Company DBA Century Lending Company 7 5.93% $10,462
    First Horizon Bank 7 6.04% $12,150
    JET HOMELOANS, LLC 7 5.87% $8,755
    NFM, INC. 7 6.07% $7,827
    UNION HOME MORTGAGE CORP. 7 6.48% $10,127
    Citizens Bank 6 6.19% $15,684
    Paramount Residential Mortgage Group, Inc. 6 6.23% $18,040
    Equity Prime Mortgage LLC 6 6.85% $11,145
    Ixonia Bank 6 6.60% $15,439
    SUMMIT FUNDING, INC. 6 6.02% $16,819
    AmeriHome Mortgage Company, LLC 6 6.21% $4,538
    STOCKTON MORTGAGE CORPORATION 6 6.40% $6,425
    PLAZA HOME MORTGAGE, INC. 6 5.81% $10,658
    SOUTHWEST FUNDING, LP 5 6.53% $10,156
    Barrington Bank & Trust Company, N.A. 5 6.15% $6,785
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.63% $6,690
    Bell Bank 5 6.35% $4,074
    Wilson Bank And Trust 5 6.07% $10,153
    CapStar Bank 5 6.40% $10,424
    Nations Lending Corporation 5 6.10% $11,549
    Texana Bank 5 6.35% $14,373
    FIRST EQUITY MORTGAGE INCORPORATED 5 5.83% $8,719
    HOMESIDE FINANCIAL, LLC 5 6.55% $21,998
    AMERISAVE MORTGAGE CORPORATION 5 5.60% $34,586
    ALTRA 5 5.97% $4,676
    Wells Fargo Bank 5 6.28% $8,396
    Bank of Tennessee 5 5.85% $7,555
    AMERICAN FINANCIAL NETWORK, INC. 5 6.50% $10,520
    Plains Commerce Bank 4 6.34% $11,582
    VAN DYK MORTGAGE CORPORATION 4 6.47% $28,699
    United Community Bank 4 6.56% $7,026
    LOANPAL, LLC 4 5.34% $16,539
    FIRST COLONY MORTGAGE CORPORATION 4 5.97% $15,646
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.50% $2,020
    DAS Acquisition Company, LLC 4 6.13% $3,228
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.13% $10,976
    PHH Mortgage Corporation 4 5.87% $7,693
    CASTLE & COOKE MORTGAGE, LLC 4 6.03% $10,768
    FirstTrust Home Loans, Inc. 3 6.58% $10,500
    FLAT BRANCH MORTGAGE, INC. 3 6.17% $10,404
    Franklin Loan Corporation 3 6.08% $10,704
    GARDNER FINANCIAL SERVICES, LTD. 3 6.08% $12,605
    GoPrime Mortgage, Inc. 3 6.38% $6,516
    EVERETT FINANCIAL, INC. 3 6.63% $11,473
    INTERCOASTAL MORTGAGE COMPANY 3 6.04% $4,842
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.67% $5,484
    JPMorgan Chase Bank 3 6.04% $8,325
    LADERA LENDING, INC. 3 5.83% $10,160
    LAND HOME FINANCIAL SERVICES, INC. 3 6.46% $8,207
    MORTGAGEONE, INC. 3 6.63% $458
    Cornerstone First Mortgage, Inc 3 6.25% $6,791
    BAY EQUITY LLC 3 6.25% $8,904
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.71% $8,057
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.54% $7,654
    Regions Bank 3 6.33% $17,472
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.96% $9,570
    Sandy Spring Bank 3 6.00% $3,998
    Simmons Bank 3 6.29% $1,611
    SOVEREIGN LENDING GROUP INCORPORATED 3 5.63% $15,024
    Strong Home Mortgage, LLC 3 6.08% $2,883
    The Farmers Bank 3 5.96% $12,970
    Truist 3 5.97% $12,342
    DELMAR FINANCIAL COMPANY 2 5.81% $4,554
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 6.00% $4,427
    EVANSVILLE TEACHERS 2 6.00% $6,699
    Gateway First Bank 2 6.00% $3,908
    The Huntington National Bank 2 6.81% $5,786
    The Loan Store, Inc. 2 6.00% $12,072
    GERSHMAN INVESTMENT CORP. 2 6.06% $4,783
    ALLIED MORTGAGE GROUP, INC. 2 6.25% $6,316
    Waterstone Mortgage Corporation 2 6.75% $12,266
    Capital City Home Loans, LLC 2 6.13% $11,994
    MILEND, INC. 2 6.75% $17,604
    MLD MORTGAGE INC. 2 6.50% $6,799
    CORNERSTONE HOME LENDING, INC. 2 6.00% $8,860
    JMJ FINANCIAL GROUP 2 6.06% $7,789
    Sunflower Bank 2 6.06% $9,203
    Sierra Pacific Mortgage Company, Inc. 2 6.75% $14,323
    COMPASS MORTGAGE, INC. 2 6.50% $10,409
    COMMUNITY MORTGAGE, LLC 2 6.63% $3,530
    COMMUNITY MORTGAGE CORPORATION 2 7.06% $6,886
    V.I.P. MORTGAGE, INC. 2 6.75% $8,175
    Credence Funding Corporation 2 5.44% $12,763
    Mid-Continent Funding, Inc. 2 6.06% $11,329
    SIRVA MORTGAGE, INC. 2 6.25% $13,793
    Fortera Federal Credit Union 1 6.63% $8,492
    Renasant Bank 1 6.13% $907
    Republic Bank & Trust Company 1 5.13% $2,705
    Residential Acceptance Corporation 1 8.00% $15,626
    S1L, Inc. 1 6.25% $10,258
    AIR ACADEMY 1 5.13% $6,622
    Hometown Equity Mortgage, LLC 1 6.25% $12,117
    Semper Home Loans, Inc. 1 5.75% $18,328
    ServisFirst Bank 1 5.63% $15,920
    SOUTHERN TRUST MORTGAGE, LLC 1 5.63% $12,292
    Farmers Bank & Trust 1 5.75% $1,310
    FIRST HOME MORTGAGE CORPORATION 1 6.63% $22,451
    S&S Financial 1 5.99% $2,350
    Stifel Bank and Trust 1 5.25% $5,310
    FBC MORTGAGE, LLC 1 4.99% $334
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.75% $14,333
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $0
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $24,577
    American Mortgage & Equity Consultants, Inc. 1 7.13% $10,102
    AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $7,423
    Goldwater Bank, N.A. 1 8.50% $11,277
    First National Bank Texas 1 6.63% $11,988
    AMERICAN FINANCING CORPORATION 1 6.13% $10,243
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $1,875
    TOP FLITE FINANCIAL, INC. 1 6.25% $2,377
    TOWNE MORTGAGE COMPANY 1 5.75% $5,210
    First Western Trust Bank 1 6.50% $19,364
    ZILLOW HOME LOANS, LLC 1 5.50% $8,916
    GMFS LLC 1 6.50% $19,457
    UNITED HOME LOANS, INC. 1 6.75% $20,263
    CONTOUR MORTGAGE CORPORATION 1 7.13% $2,787
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $16,557
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $3,792
    MICHIGAN MUTUAL, INC. 1 5.38% $7,315
    CU COMMUNITY, LLC 1 6.50% $0
    LOANFLIGHT LENDING, LLC 1 5.99% $5,510
    NJ LENDERS CORP. 1 6.13% $3,658
    North American Savings Bank, F.S.B. 1 5.63% $17,266
    Northpointe Bank 1 5.75% $5,381
    NORWICH COMMERCIAL GROUP, INC. 1 6.00% $6,875
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.75% $7,734
    ON Q FINANCIAL, INC. 1 5.75% $13,200
    EMBRACE HOME LOANS, INC. 1 6.13% $10,400
    Patriot Bank 1 6.00% $2,804
    EMM LOANS LLC 1 6.25% $6,236
    PILGRIM MORTGAGE LLC 1 6.12% $6,610
    JMAC LENDING, INC. 1 5.75% $4,425
    INTERCAP LENDING INC. 1 6.00% $10,211
    Bank of America 1 6.50% $5,517
    Integrity Home Mortgage Corp 1 6.63% $8,301
    BancorpSouth 1 6.00% $6,161
    Prosperity Home Mortgage, LLC 1 6.13% $1,201
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $6,097
    Armed Forces Bank 1 6.13% $14,741
    RANLIFE, INC. 1 5.75% $22,009
    Alcova Mortgage LLC 1 5.75% $19,615

    The top Nashville VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 444 VA loans originated. Their average total fees are $9,930, which is $1,979 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Nashville VA lenders (with over 10 loans originated) are Old National Bank ($4,490), EAGLE HOME MORTGAGE, LLC ($5,621), NBKC BANK ($5,734), PLANET HOME LENDING, LLC ($5,964) and PULTE MORTGAGE LLC ($5,995).

    The lowest rate Nashville VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.10%), DHI MORTGAGE COMPANY, LTD. (5.28%), INSPIRE HOME LOANS INC. (5.39%), HOMEAMERICAN MORTGAGE CORPORATION (5.39%) and PLANET HOME LENDING, LLC (5.56%).

    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.