Reno VA Loan Rates, Closing Costs & Stats

RENO, NV

  • 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.

    Reno's 85 lenders originated 654 VA loans during 2024. The total origination value was $345,240,000, with an average VA loan value of $527,890.

    Reno VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Reno averaged 6.94% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Reno's average VA mortgage closing costs are $8,097.

    The average rate for the prior week (2025-05-16) was 6.73% and one month ago for the week of 2025-04-18, the average rate was 6.4%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.35%.

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

    Reno 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 Reno level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 69 6.15% $6,241
    UNITED WHOLESALE MORTGAGE, LLC 56 6.01% $9,155
    GUILD MORTGAGE COMPANY 45 6.06% $15,580
    QUICKEN LOANS, LLC 41 5.81% $14,279
    FREEDOM MORTGAGE CORPORATION 38 6.05% $11,650
    DHI MORTGAGE COMPANY, LTD. 31 5.11% $4,800
    CROSSCOUNTRY MORTGAGE, LLC 25 6.22% $9,589
    NAVY FEDERAL CREDIT UNION 16 5.91% $6,100
    TBI MORTGAGE COMPANY 16 5.72% $11,454
    GUARANTEED RATE, INC. 11 6.10% $4,628
    PENNYMAC LOAN SERVICES, LLC 11 5.64% $10,314
    CMG MORTGAGE, INC. 11 6.09% $10,256
    LOANDEPOT.COM, LLC 10 5.44% $28,370
    USAA Federal Savings Bank 10 5.98% $10,616
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.42% $9,026
    BROKER SOLUTIONS, INC. 9 6.46% $10,840
    The Federal Savings Bank 9 5.92% $27,489
    SUMMIT FUNDING, INC. 8 5.92% $12,576
    EAGLE HOME MORTGAGE, LLC 8 5.08% $8,123
    NEW DAY FINANCIAL, LLC 8 7.47% $17,226
    TJC Mortgage, Inc. 8 5.94% $14,573
    ISERVE RESIDENTIAL LENDING, LLC 8 6.28% $14,212
    PLANET HOME LENDING, LLC 7 5.69% $11,625
    NEWREZ LLC 7 5.89% $11,974
    The Loan Store, Inc. 7 6.05% $9,411
    MOVEMENT MORTGAGE, LLC 6 6.38% $12,650
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.00% $5,946
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 6.38% $15,461
    CANOPY MORTGAGE, LLC 6 5.83% $20,594
    U.S. Bank 6 5.65% $11,679
    FIRST COLONY MORTGAGE CORPORATION 6 5.60% $11,986
    MASON MCDUFFIE MORTGAGE CORPORATION 6 6.23% $12,889
    VILLAGE CAPITAL MORTGAGE 5 5.55% $7,054
    SUN WEST MORTGAGE COMPANY, INC. 4 5.03% $5,451
    Carrington Mortgage Services, LLC 4 6.00% $11,897
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 6.59% $16,122
    LAKEVIEW LOAN SERVICING, LLC 4 5.81% $11,247
    Mr. Cooper ( Nationstar Mortgage ) 4 6.19% $16,923
    PHH Mortgage Corporation 4 5.49% $5,148
    The Central Trust Bank 4 5.78% $16,353
    AXIA FINANCIAL, LLC 3 6.04% $11,698
    LOANPAL, LLC 3 5.54% $12,446
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.33% $9,680
    American Mortgage & Equity Consultants, Inc. 3 6.42% $6,524
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.79% $21,174
    First Federal Bank 3 5.79% $13,481
    PENTAGON FEDERAL CREDIT UNION 3 5.54% $7,037
    Century Mortgage Company DBA Century Lending Company 3 6.17% $10,220
    AMERICAN FINANCIAL NETWORK, INC. 3 6.17% $14,200
    NBKC BANK 3 6.21% $10,774
    Magnolia Bank 3 5.71% $16,521
    CLEARPATH LENDING 3 5.33% $9,534
    Ixonia Bank 2 5.81% $21,777
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $36,697
    CARDINAL FINANCIAL 2 6.94% $23,649
    Sierra Pacific Mortgage Company, Inc. 2 6.69% $6,819
    Barrington Bank & Trust Company, N.A. 2 6.00% $5,773
    Equity Prime Mortgage LLC 2 5.88% $4,753
    ONE NEVADA CREDIT UNION 2 5.75% $4,204
    Gateway First Bank 2 6.50% $4,833
    INFINITY EQUITY GROUP, INC. 2 7.25% $32,782
    Ameris Bank 1 5.75% $4,762
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.00% $25,303
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $43,208
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $7,245
    JPMorgan Chase Bank 1 6.50% $15,733
    GREATER NEVADA LLC 1 7.25% $5,818
    GENEVA FINANCIAL, LLC 1 6.38% $48,895
    MLD MORTGAGE INC. 1 6.63% $4,064
    MORTGAGEONE, INC. 1 5.75% $8,086
    Flagstar Bank, FSB 1 6.63% $14,891
    AMERICAN FINANCING CORPORATION 1 5.75% $35,234
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $20,512
    ON Q FINANCIAL, INC. 1 7.25% $6,203
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $8,644
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $17,301
    Plains Commerce Bank 1 5.63% $6,485
    PLAZA HOME MORTGAGE, INC. 1 6.50% $11,418
    CALCON MUTUAL MORTGAGE LLC 1 5.88% $11,336
    SNAPFI, INC. 1 6.38% $49,719
    Sunflower Bank 1 7.25% $6,025
    ALLIANT CREDIT UNION 1 5.38% $4,732
    T2 FINANCIAL LLC 1 6.25% $27,438
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $3,185
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $3,451

    The top Reno VA lender as defined by loan originations is Mortgage Research Center, LLC, with 69 VA loans originated. Their average total fees are $6,241, which is $2,913 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Reno VA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,628), DHI MORTGAGE COMPANY, LTD. ($4,800), NAVY FEDERAL CREDIT UNION ($6,100), Mortgage Research Center, LLC ($6,241) and UNITED WHOLESALE MORTGAGE, LLC ($9,155).

    The lowest rate Reno VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.11%), LOANDEPOT.COM, LLC (5.44%), PENNYMAC LOAN SERVICES, LLC (5.64%), TBI MORTGAGE COMPANY (5.72%) and QUICKEN LOANS, LLC (5.81%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Reno (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 $422,450 (8.6%) $1,040,487 (30.4%) 1.57 999
    2018-02-01 $437,425 (9.4%) $1,063,980 (29.4%) 1.59 932
    2018-03-01 $438,250 (9.7%) $1,010,958 (26.1%) 1.54 952
    2018-04-01 $454,499 (13.6%) $1,014,272 (27.2%) 1.54 1,022
    2018-05-01 $443,736 (5.3%) $959,068 (18.0%) 1.48 1,145
    2018-06-01 $440,000 (3.1%) $928,499 (13.9%) 1.47 1,276
    2018-07-01 $435,000 (-0.9%) $889,063 (-1.4%) 1.45 1,605
    2018-08-01 $429,350 (0.0%) $856,547 (-2.4%) 1.44 1,804
    2018-09-01 $425,000 (-3.1%) $828,412 (-7.7%) 1.43 1,963
    2018-10-01 $410,625 (-4.5%) $795,454 (-11.6%) 1.39 2,052
    2018-11-01 $407,350 (-5.5%) $799,562 (-13.0%) 1.38 1,965
    2018-12-01 $400,000 (-7.0%) $807,400 (-15.2%) 1.38 1,838
    2019-01-01 $404,500 (-4.3%) $845,774 (-18.7%) 1.40 1,625
    2019-02-01 $412,438 (-5.7%) $879,548 (-17.3%) 1.39 1,505
    2019-03-01 $425,836 (-2.8%) $891,009 (-11.9%) 1.39 1,459
    2019-04-01 $433,811 (-4.6%) $888,654 (-12.4%) 1.38 1,468
    2019-05-01 $432,000 (-2.6%) $849,059 (-11.5%) 1.35 1,693
    2019-06-01 $445,000 (1.1%) $842,455 (-9.3%) 1.39 1,868
    2019-07-01 $440,475 (1.3%) $842,069 (-5.3%) 1.38 2,055
    2019-08-01 $439,936 (2.5%) $849,114 (-0.9%) 1.39 2,072
    2019-09-01 $439,916 (3.5%) $862,092 (4.1%) 1.41 2,007
    2019-10-01 $439,902 (7.1%) $882,273 (10.9%) 1.42 1,935
    2019-11-01 $439,000 (7.8%) $919,632 (15.0%) 1.44 1,726
    2019-12-01 $447,000 (11.8%) $975,727 (20.9%) 1.49 1,448
    2020-01-01 $449,000 (11.0%) $1,028,567 (21.6%) 1.50 1,241
    2020-02-01 $465,000 (12.7%) $1,100,574 (25.1%) 1.52 1,079
    2020-03-01 $464,700 (9.1%) $1,079,483 (21.2%) 1.46 1,105
    2020-04-01 $449,688 (3.7%) $967,102 (8.8%) 1.41 1,349
    2020-05-01 $472,635 (9.4%) $993,083 (17.0%) 1.44 1,339
    2020-06-01 $499,000 (12.1%) $1,114,352 (32.3%) 1.47 1,213
    2020-07-01 $509,000 (15.6%) $982,545 (16.7%) 1.48 1,061
    2020-08-01 $499,000 (13.4%) $989,975 (16.6%) 1.43 946
    2020-09-01 $527,500 (19.9%) $1,003,750 (16.4%) 1.51 856
    2020-10-01 $510,000 (15.9%) $1,083,108 (22.8%) 1.46 766
    2020-11-01 $499,500 (13.8%) $1,091,599 (18.7%) 1.46 609
    2020-12-01 $512,250 (14.6%) $1,115,228 (14.3%) 1.52 482
    2021-01-01 $499,950 (11.4%) $1,103,396 (7.3%) 1.49 420
    2021-02-01 $482,500 (3.8%) $957,645 (-13.0%) 1.40 363
    2021-03-01 $479,975 (3.3%) $986,196 (-8.6%) 1.36 398
    2021-04-01 $490,000 (9.0%) $848,962 (-12.2%) 1.33 646
    2021-05-01 $510,000 (7.9%) $911,590 (-8.2%) 1.35 498
    2021-06-01 $559,950 (12.2%) $978,725 (-12.2%) 1.47 504
    2021-07-01 $575,000 (13.0%) $998,124 (1.6%) 1.52 634
    2021-08-01 $577,000 (15.6%) $1,025,661 (3.6%) 1.54 791
    2021-09-01 $572,750 (8.6%) $1,022,032 (1.8%) 1.53 881
    2021-10-01 $580,500 (13.8%) $1,009,103 (-6.8%) 1.55 908
    2021-11-01 $575,000 (15.1%) $1,036,700 (-5.0%) 1.54 804
    2021-12-01 $562,450 (9.8%) $1,067,492 (-4.3%) 1.52 593
    2022-01-01 $569,000 (13.8%) $1,148,206 (4.1%) 1.54 500
    2022-02-01 $578,500 (19.9%) $1,246,568 (30.2%) 1.50 438
    2022-03-01 $589,250 (22.8%) $1,266,552 (28.4%) 1.48 483
    2022-04-01 $620,000 (26.5%) $1,137,183 (34.0%) 1.48 676
    2022-05-01 $645,750 (26.6%) $1,112,030 (22.0%) 1.48 1,012
    2022-06-01 $636,600 (13.7%) $1,094,007 (11.8%) 1.42 1,475
    2022-07-01 $599,900 (4.3%) $1,037,343 (3.9%) 1.35 1,840
    2022-08-01 $595,000 (3.1%) $1,006,173 (-1.9%) 1.38 1,946
    2022-09-01 $577,000 (0.7%) $980,782 (-4.0%) 1.35 1,923
    2022-10-01 $569,900 (-1.8%) $986,996 (-2.2%) 1.34 1,905
    2022-11-01 $552,499 (-3.9%) $1,020,644 (-1.6%) 1.33 1,723
    2022-12-01 $550,000 (-2.2%) $1,035,305 (-3.0%) 1.36 1,423
    2023-01-01 $554,900 (-2.5%) $1,055,268 (-8.1%) 1.37 1,171
    2023-02-01 $568,463 (-1.7%) $1,108,931 (-11.0%) 1.37 977
    2023-03-01 $588,500 (-0.1%) $1,101,231 (-13.1%) 1.39 881
    2023-04-01 $614,414 (-0.9%) $1,136,690 (0.0%) 1.43 844
    2023-05-01 $629,950 (-2.5%) $1,166,259 (4.9%) 1.43 991
    2023-06-01 $644,125 (1.2%) $1,164,662 (6.5%) 1.45 1,112
    2023-07-01 $650,000 (8.4%) $1,219,221 (17.5%) 1.48 1,197
    2023-08-01 $646,975 (8.7%) $1,232,864 (22.5%) 1.49 1,229
    2023-09-01 $635,393 (10.1%) $1,209,640 (23.3%) 1.48 1,306
    2023-10-01 $621,250 (9.0%) $1,217,631 (23.4%) 1.46 1,309
    2023-11-01 $600,000 (8.6%) $1,196,748 (17.3%) 1.43 1,233
    2023-12-01 $595,000 (8.2%) $1,189,094 (14.9%) 1.45 1,101
    2024-01-01 $599,710 (8.1%) $1,201,327 (13.8%) 1.46 988
    2024-02-01 $599,500 (5.5%) $1,214,911 (9.6%) 1.44 889
    2024-03-01 $615,000 (4.5%) $1,217,656 (10.6%) 1.45 887
    2024-04-01 $617,438 (0.5%) $1,227,247 (8.0%) 1.44 972
    2024-05-01 $637,500 (1.2%) $1,215,352 (4.2%) 1.45 1,127
    2024-06-01 $619,000 (-3.9%) $1,182,943 (1.6%) 1.41 1,393
    2024-07-01 $614,500 (-5.5%) $1,175,103 (-3.6%) 1.41 1,573
    2024-08-01 $599,900 (-7.3%) $1,169,155 (-5.2%) 1.40 1,665
    2024-09-01 $599,450 (-5.7%) $1,155,204 (-4.5%) 1.41 1,689
    2024-10-01 $599,487 (-3.5%) $1,104,807 (-9.3%) 1.41 1,676
    2024-11-01 $594,322 (-1.0%) $1,091,831 (-8.8%) 1.43 1,601
    2024-12-01 $575,000 (-3.4%) $1,012,969 (-14.8%) 1.43 1,412
    2025-01-01 $569,998 (-5.0%) $1,067,920 (-11.1%) 1.42 1,274
    2025-02-01 $572,500 (-4.5%) $1,050,111 (-13.6%) 1.39 1,224
    2025-03-01 $569,250 (-7.4%) $1,048,358 (-13.9%) 1.34 1,250
    2025-04-01 $583,225 (-5.5%) $1,048,486 (-14.6%) 1.35 1,458
    Reno's median listing price for 2025-04-01 was $583,225, a difference of $-34,213 (-5.5%) versus the prior year and $13,975 versus the prior month.

    Reno's median listing price comes in at 135% of the national average.

    Reno's average listing price for 2025-04-01 was $1,048,486, a difference of $-178,761 (-14.6%) versus the prior year and $128 versus the prior month.

    For the 2025-04-01 period, Reno had 1,458 MLS listings, a difference of 208 listings (17%) versus the prior month and 486 listings (50%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Reno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 2,222 sqft
    2018-02-01 54 days 2,224 sqft
    2018-03-01 45 days 2,174 sqft
    2018-04-01 44 days 2,204 sqft
    2018-05-01 36 days 2,095 sqft
    2018-06-01 37 days 2,081 sqft
    2018-07-01 38 days 2,064 sqft
    2018-08-01 41 days 2,031 sqft
    2018-09-01 45 days 2,018 sqft
    2018-10-01 52 days 1,996 sqft
    2018-11-01 60 days 1,980 sqft
    2018-12-01 71 days 1,989 sqft
    2019-01-01 78 days 1,969 sqft
    2019-02-01 69 days 1,993 sqft
    2019-03-01 56 days 2,044 sqft
    2019-04-01 44 days 2,093 sqft
    2019-05-01 40 days 2,077 sqft
    2019-06-01 43 days 2,113 sqft
    2019-07-01 45 days 2,086 sqft
    2019-08-01 49 days 2,068 sqft
    2019-09-01 56 days 2,073 sqft
    2019-10-01 61 days 2,079 sqft
    2019-11-01 65 days 2,074 sqft
    2019-12-01 71 days 2,120 sqft
    2020-01-01 72 days 2,121 sqft
    2020-02-01 58 days 2,169 sqft
    2020-03-01 38 days 2,122 sqft
    2020-04-01 41 days 2,067 sqft
    2020-05-01 45 days 2,123 sqft
    2020-06-01 44 days 2,222 sqft
    2020-07-01 42 days 2,230 sqft
    2020-08-01 42 days 2,148 sqft
    2020-09-01 33 days 2,166 sqft
    2020-10-01 45 days 2,090 sqft
    2020-11-01 53 days 2,026 sqft
    2020-12-01 57 days 2,045 sqft
    2021-01-01 47 days 2,011 sqft
    2021-02-01 33 days 1,862 sqft
    2021-03-01 19 days 1,822 sqft
    2021-04-01 18 days 1,801 sqft
    2021-05-01 27 days 1,832 sqft
    2021-06-01 29 days 1,891 sqft
    2021-07-01 29 days 1,976 sqft
    2021-08-01 29 days 1,944 sqft
    2021-09-01 32 days 1,935 sqft
    2021-10-01 37 days 2,001 sqft
    2021-11-01 41 days 1,960 sqft
    2021-12-01 50 days 1,933 sqft
    2022-01-01 53 days 1,923 sqft
    2022-02-01 33 days 1,922 sqft
    2022-03-01 29 days 1,948 sqft
    2022-04-01 27 days 2,024 sqft
    2022-05-01 26 days 2,022 sqft
    2022-06-01 30 days 2,015 sqft
    2022-07-01 37 days 1,979 sqft
    2022-08-01 47 days 1,990 sqft
    2022-09-01 57 days 1,965 sqft
    2022-10-01 63 days 1,959 sqft
    2022-11-01 69 days 1,964 sqft
    2022-12-01 82 days 1,958 sqft
    2023-01-01 92 days 1,962 sqft
    2023-02-01 89 days 1,973 sqft
    2023-03-01 62 days 1,994 sqft
    2023-04-01 46 days 2,078 sqft
    2023-05-01 37 days 2,089 sqft
    2023-06-01 38 days 2,117 sqft
    2023-07-01 42 days 2,164 sqft
    2023-08-01 44 days 2,141 sqft
    2023-09-01 50 days 2,109 sqft
    2023-10-01 56 days 2,088 sqft
    2023-11-01 60 days 2,070 sqft
    2023-12-01 71 days 2,021 sqft
    2024-01-01 76 days 2,005 sqft
    2024-02-01 69 days 2,002 sqft
    2024-03-01 51 days 2,011 sqft
    2024-04-01 41 days 2,022 sqft
    2024-05-01 34 days 1,996 sqft
    2024-06-01 38 days 1,960 sqft
    2024-07-01 45 days 1,958 sqft
    2024-08-01 51 days 1,938 sqft
    2024-09-01 56 days 1,904 sqft
    2024-10-01 58 days 1,929 sqft
    2024-11-01 64 days 1,874 sqft
    2024-12-01 74 days 1,835 sqft
    2025-01-01 75 days 1,832 sqft
    2025-02-01 65 days 1,822 sqft
    2025-03-01 50 days 1,818 sqft
    2025-04-01 44 days 1,836 sqft
    Reno's median listing age (time on market) for 2025-04-01 was 44 days. This is 9% longer than the same period one year ago.

    Reno's median square footage for active listings during the 2025-04-01 period was 1,836 sqft. One year prior, the average listing was 2,022 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.