Paris VA Loan Rates, Closing Costs & Stats

Paris, TN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Paris's 30 lenders originated 58 VA loans during 2023. The total origination value was $13,870,000, with an average VA loan value of $239,138.

    Paris VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Paris averaged 6.34% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Paris's average VA mortgage closing costs are $4,665.

    The average rate for the prior week (2024-12-06) was 6.18% and one month ago for the week of 2024-11-08, the average rate was 6.57%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.98%.

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

    Paris 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 Paris level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.62% $5,493
    QUICKEN LOANS, LLC 5 5.90% $8,770
    Regions Bank 4 6.44% $4,502
    FirstBank 3 6.54% $3,335
    FIRST COMMUNITY MORTGAGE, INC. 2 7.06% $9,378
    LOANDEPOT.COM, LLC 2 5.75% $18,567
    CMG MORTGAGE, INC. 2 6.37% $5,519
    GUARANTEED RATE, INC. 1 6.63% $2,602
    HOMESIDE FINANCIAL, LLC 1 6.25% $5,805
    LEADERONE FINANCIAL CORPORATION 1 5.99% $5,834
    Mid-Continent Funding, Inc. 1 7.25% $5,818
    NAVY FEDERAL CREDIT UNION 1 5.63% $2,640
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $11,102
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $4,360
    ROYAL UNITED MORTGAGE LLC 1 6.75% $7,810
    RUOFF MORTGAGE COMPANY, INC. 1 5.13% $4,010
    SOUTHERN TRUST MORTGAGE, LLC 1 7.13% $4,723
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $2
    Stride Bank 1 7.13% $5,847
    UNITED WHOLESALE MORTGAGE, LLC 1 5.63% $8,853
    USAA Federal Savings Bank 1 6.25% $5,514
    VAN DYK MORTGAGE CORPORATION 1 6.63% $701
    ACADEMY MORTGAGE CORPORATION 1 6.63% $8,560
    VILLAGE CAPITAL MORTGAGE 1 6.50% $6,497
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $11,468
    Citizens Bank 1 6.75% $8,123
    Flagstar Bank, FSB 1 5.25% $10,864
    F&M Bank 1 6.50% $8,204
    FREEDOM MORTGAGE CORPORATION 1 6.75% $13,605
    GERSHMAN INVESTMENT CORP. 1 7.75% $0

    The top Paris VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $5,493, which is $3,277 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Paris VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,493), .

    The lowest rate Paris VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.62%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Paris (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 $139,900 (0.9%) $224,013 (9.6%) 0.00 139
    2018-02-01 $131,643 (3.9%) $216,098 (6.8%) 0.00 145
    2018-03-01 $139,000 (15.3%) $204,624 (5.5%) 0.00 162
    2018-04-01 $140,775 (18.3%) $206,546 (13.2%) 0.00 164
    2018-05-01 $145,375 (19.0%) $215,763 (11.6%) 0.00 169
    2018-06-01 $157,000 (17.9%) $227,981 (16.8%) 0.00 171
    2018-07-01 $149,900 (11.3%) $227,543 (17.3%) 0.00 170
    2018-08-01 $149,600 (10.8%) $226,489 (21.5%) 0.00 178
    2018-09-01 $149,999 (11.1%) $234,583 (25.5%) 0.00 168
    2018-10-01 $149,974 (7.4%) $231,537 (15.9%) 0.00 160
    2018-11-01 $158,225 (11.6%) $229,447 (9.6%) 0.00 155
    2018-12-01 $159,900 (12.1%) $218,397 (4.7%) 0.00 156
    2019-01-01 $159,000 (13.7%) $212,905 (-5.0%) 0.00 160
    2019-02-01 $163,950 (24.5%) $219,869 (1.8%) 0.00 159
    2019-03-01 $161,671 (16.3%) $222,223 (8.6%) 0.00 157
    2019-04-01 $160,121 (13.7%) $224,539 (8.7%) 0.00 159
    2019-05-01 $163,850 (12.7%) $231,075 (7.1%) 0.00 162
    2019-06-01 $159,900 (1.9%) $226,804 (-0.5%) 0.00 168
    2019-07-01 $162,125 (8.2%) $224,085 (-1.5%) 0.00 158
    2019-08-01 $163,882 (9.6%) $229,033 (1.1%) 0.00 146
    2019-09-01 $171,655 (14.4%) $234,887 (0.1%) 0.00 143
    2019-10-01 $178,350 (18.9%) $237,581 (2.6%) 0.00 142
    2019-11-01 $168,500 (6.5%) $227,341 (-0.9%) 0.00 139
    2019-12-01 $168,875 (5.6%) $221,195 (1.3%) 0.00 126
    2020-01-01 $171,350 (7.8%) $222,906 (4.7%) 0.00 127
    2020-02-01 $172,500 (5.2%) $239,564 (9.0%) 0.00 119
    2020-03-01 $173,500 (7.3%) $249,817 (12.4%) 0.00 103
    2020-04-01 $169,900 (6.1%) $240,523 (7.1%) 0.00 101
    2020-05-01 $172,500 (5.3%) $265,809 (15.0%) 0.00 102
    2020-06-01 $187,100 (17.0%) $272,092 (20.0%) 0.00 89
    2020-07-01 $174,075 (7.4%) $255,234 (13.9%) 0.00 84
    2020-08-01 $175,000 (6.8%) $259,802 (13.4%) 0.00 76
    2020-09-01 $167,875 (-2.2%) $251,852 (7.2%) 0.00 70
    2020-10-01 $169,700 (-4.9%) $272,105 (14.5%) 0.00 65
    2020-11-01 $165,350 (-1.9%) $255,577 (12.4%) 0.00 69
    2020-12-01 $164,100 (-2.8%) $256,253 (15.9%) 0.00 59
    2021-01-01 $162,500 (-5.2%) $255,731 (14.7%) 0.00 51
    2021-02-01 $189,900 (10.1%) $272,023 (13.6%) 0.00 39
    2021-03-01 $189,900 (9.5%) $219,118 (-12.3%) 0.00 40
    2021-04-01 $189,900 (11.8%) $307,934 (28.0%) 0.00 41
    2021-05-01 $227,500 (31.9%) $347,100 (30.6%) 0.00 41
    2021-06-01 $243,475 (30.1%) $358,258 (31.7%) 0.00 54
    2021-07-01 $244,250 (40.3%) $385,610 (51.1%) 0.00 61
    2021-08-01 $240,750 (37.6%) $417,759 (60.8%) 0.00 60
    2021-09-01 $240,000 (43.0%) $379,631 (50.7%) 0.00 71
    2021-10-01 $230,000 (35.5%) $361,338 (32.8%) 0.00 67
    2021-11-01 $217,125 (31.3%) $353,290 (38.2%) 0.00 53
    2021-12-01 $194,800 (18.7%) $350,778 (36.9%) 0.00 49
    2022-01-01 $215,000 (32.3%) $379,039 (48.2%) 0.00 44
    2022-02-01 $224,500 (18.2%) $362,632 (33.3%) 0.00 49
    2022-03-01 $221,750 (16.8%) $347,925 (58.8%) 0.00 55
    2022-04-01 $254,850 (34.2%) $347,377 (12.8%) 0.00 55
    2022-05-01 $246,450 (8.3%) $385,209 (11.0%) 0.00 53
    2022-06-01 $262,900 (8.0%) $410,156 (14.5%) 0.00 66
    2022-07-01 $280,000 (14.6%) $460,346 (19.4%) 0.00 85
    2022-08-01 $297,000 (23.4%) $465,816 (11.5%) 0.00 81
    2022-09-01 $284,300 (18.5%) $458,928 (20.9%) 0.00 87
    2022-10-01 $325,000 (41.3%) $477,378 (32.1%) 0.00 86
    2022-11-01 $310,000 (42.8%) $455,242 (28.9%) 0.00 86
    2022-12-01 $341,500 (75.3%) $455,376 (29.8%) 0.00 86
    2023-01-01 $329,250 (53.1%) $451,473 (19.1%) 0.00 83
    2023-02-01 $334,750 (49.1%) $445,217 (22.8%) 0.00 76
    2023-03-01 $352,500 (59.0%) $450,226 (29.4%) 0.00 78
    2023-04-01 $346,450 (35.9%) $451,798 (30.1%) 0.00 78
    2023-05-01 $335,250 (36.0%) $441,263 (14.6%) 0.00 85
    2023-06-01 $342,950 (30.5%) $438,292 (6.9%) 0.00 69
    2023-07-01 $349,900 (25.0%) $396,898 (-13.8%) 0.00 75
    2023-08-01 $349,900 (17.8%) $382,623 (-17.9%) 0.00 88
    2023-09-01 $312,000 (9.7%) $392,257 (-14.5%) 0.00 88
    2023-10-01 $305,250 (-6.1%) $388,721 (-18.6%) 0.00 94
    2023-11-01 $314,500 (1.5%) $402,348 (-11.6%) 0.00 103
    2023-12-01 $328,200 (-3.9%) $443,821 (-2.5%) 0.00 105
    2024-01-01 $349,000 (6.0%) $453,202 (0.4%) 0.00 106
    2024-02-01 $335,000 (0.1%) $450,408 (1.2%) 0.00 103
    2024-03-01 $335,000 (-5.0%) $434,949 (-3.4%) 0.00 107
    2024-04-01 $325,750 (-6.0%) $435,665 (-3.6%) 0.00 110
    2024-05-01 $325,000 (-3.1%) $436,352 (-1.1%) 0.00 103
    2024-06-01 $299,250 (-12.7%) $419,835 (-4.2%) 0.00 125
    2024-07-01 $298,750 (-14.6%) $405,218 (2.1%) 0.00 136
    2024-08-01 $299,000 (-14.6%) $432,708 (13.1%) 0.00 133
    2024-09-01 $320,425 (2.7%) $459,196 (17.1%) 0.00 139
    2024-10-01 $315,475 (3.4%) $448,063 (15.3%) 0.00 135
    2024-11-01 $299,450 (-4.8%) $442,911 (10.1%) 0.00 137
    Paris's median listing price for 2024-11-01 was $299,450, a difference of $-15,050 (-4.8%) versus the prior year and $-16,025 versus the prior month.

    Paris's median listing price comes in at 0% of the national average.

    Paris's average listing price for 2024-11-01 was $442,911, a difference of $40,563 (10.1%) versus the prior year and $-5,152 versus the prior month.

    For the 2024-11-01 period, Paris had 137 MLS listings, a difference of 2 listings (1%) versus the prior month and 34 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Paris (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,176 sqft
    2018-02-01 0 days 2,143 sqft
    2018-03-01 0 days 2,302 sqft
    2018-04-01 0 days 2,242 sqft
    2018-05-01 0 days 2,217 sqft
    2018-06-01 0 days 2,212 sqft
    2018-07-01 0 days 1,780 sqft
    2018-08-01 0 days 1,798 sqft
    2018-09-01 0 days 1,799 sqft
    2018-10-01 0 days 1,855 sqft
    2018-11-01 0 days 1,890 sqft
    2018-12-01 0 days 1,819 sqft
    2019-01-01 0 days 1,817 sqft
    2019-02-01 0 days 1,844 sqft
    2019-03-01 0 days 1,957 sqft
    2019-04-01 0 days 2,140 sqft
    2019-05-01 0 days 2,151 sqft
    2019-06-01 0 days 2,130 sqft
    2019-07-01 0 days 2,135 sqft
    2019-08-01 0 days 2,108 sqft
    2019-09-01 0 days 2,061 sqft
    2019-10-01 0 days 2,038 sqft
    2019-11-01 0 days 1,901 sqft
    2019-12-01 0 days 1,885 sqft
    2020-01-01 0 days 1,875 sqft
    2020-02-01 0 days 1,847 sqft
    2020-03-01 0 days 1,744 sqft
    2020-04-01 0 days 1,669 sqft
    2020-05-01 0 days 1,750 sqft
    2020-06-01 0 days 1,847 sqft
    2020-07-01 0 days 1,898 sqft
    2020-08-01 0 days 1,782 sqft
    2020-09-01 0 days 1,701 sqft
    2020-10-01 0 days 1,700 sqft
    2020-11-01 0 days 1,644 sqft
    2020-12-01 0 days 1,617 sqft
    2021-01-01 0 days 1,580 sqft
    2021-02-01 0 days 1,525 sqft
    2021-03-01 0 days 1,575 sqft
    2021-04-01 0 days 1,769 sqft
    2021-05-01 0 days 1,800 sqft
    2021-06-01 0 days 1,800 sqft
    2021-07-01 0 days 1,800 sqft
    2021-08-01 0 days 1,810 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,795 sqft
    2021-11-01 0 days 1,800 sqft
    2021-12-01 0 days 1,691 sqft
    2022-01-01 0 days 1,682 sqft
    2022-02-01 0 days 1,740 sqft
    2022-03-01 0 days 1,715 sqft
    2022-04-01 0 days 1,714 sqft
    2022-05-01 0 days 1,729 sqft
    2022-06-01 0 days 1,746 sqft
    2022-07-01 0 days 1,792 sqft
    2022-08-01 0 days 1,783 sqft
    2022-09-01 0 days 1,914 sqft
    2022-10-01 0 days 2,072 sqft
    2022-11-01 0 days 2,109 sqft
    2022-12-01 0 days 2,102 sqft
    2023-01-01 0 days 2,102 sqft
    2023-02-01 0 days 2,100 sqft
    2023-03-01 0 days 2,056 sqft
    2023-04-01 0 days 2,071 sqft
    2023-05-01 0 days 2,022 sqft
    2023-06-01 0 days 2,014 sqft
    2023-07-01 0 days 2,010 sqft
    2023-08-01 0 days 2,049 sqft
    2023-09-01 0 days 2,006 sqft
    2023-10-01 0 days 2,001 sqft
    2023-11-01 0 days 1,989 sqft
    2023-12-01 0 days 2,001 sqft
    2024-01-01 0 days 2,001 sqft
    2024-02-01 0 days 2,012 sqft
    2024-03-01 0 days 2,028 sqft
    2024-04-01 0 days 2,014 sqft
    2024-05-01 0 days 1,903 sqft
    2024-06-01 0 days 1,917 sqft
    2024-07-01 0 days 1,837 sqft
    2024-08-01 0 days 1,824 sqft
    2024-09-01 0 days 1,888 sqft
    2024-10-01 0 days 1,870 sqft
    2024-11-01 0 days 1,882 sqft
    Paris's median listing age (time on market) for 2024-11-01 was 0 days.

    Paris's median square footage for active listings during the 2024-11-01 period was 1,882 sqft. One year prior, the average listing was 1,989 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.