Shelbyville VA Loan Rates, Closing Costs & Stats

Shelbyville, 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.

    Shelbyville's 44 lenders originated 133 VA loans during 2024. The total origination value was $46,215,000, with an average VA loan value of $347,481.

    Shelbyville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Shelbyville averaged 6.49% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Shelbyville's average VA mortgage closing costs are $6,545.

    The average rate for the prior week (2025-03-28) was 6.61% and one month ago for the week of 2025-02-28, the average rate was 6.39%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.13%.

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

    Shelbyville 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 Shelbyville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 18 6.12% $4,646
    FIRST COMMUNITY MORTGAGE, INC. 12 6.32% $7,744
    UNITED WHOLESALE MORTGAGE, LLC 12 5.74% $10,378
    CMG MORTGAGE, INC. 11 6.31% $9,076
    VILLAGE CAPITAL MORTGAGE 6 5.52% $6,449
    QUICKEN LOANS, LLC 6 6.06% $7,302
    FREEDOM MORTGAGE CORPORATION 6 6.04% $6,289
    PENNYMAC LOAN SERVICES, LLC 5 5.13% $12,311
    PLANET HOME LENDING, LLC 4 5.87% $6,347
    USAA Federal Savings Bank 3 6.13% $5,989
    LOANDEPOT.COM, LLC 3 6.41% $15,280
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.67% $5,255
    NEWREZ LLC 2 5.37% $6,743
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.94% $24,569
    ISERVE RESIDENTIAL LENDING, LLC 2 5.69% $4,808
    FirstBank 2 6.31% $7,083
    U.S. Bank 2 6.44% $17,135
    NEW DAY FINANCIAL, LLC 1 7.99% $13,349
    Regions Bank 1 6.13% $10,852
    RELIANCE FIRST CAPITAL, LLC 1 5.63% $14,207
    Renasant Bank 1 5.75% $8,092
    ROSS MORTGAGE CORPORATION 1 5.25% $3,920
    SeaTrust Mortgage Company 1 5.63% $3,590
    T2 FINANCIAL LLC 1 5.25% $18,619
    Texana Bank 1 5.75% $12,488
    ACOPIA, LLC 1 7.13% $5,157
    The First National Bank of Middle Tennessee 1 5.75% $1,480
    The Federal Savings Bank 1 7.00% $6,011
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $24,182
    Bank of Tennessee 1 6.50% $8,176
    Carrington Mortgage Services, LLC 1 7.13% $6,257
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $2,188
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $22,760
    FirstTrust Home Loans, Inc. 1 5.99% $22,393
    GENEVA FINANCIAL, LLC 1 6.63% $16,295
    GUARANTEED RATE, INC. 1 5.55% $3,288
    INTERLINC MORTGAGE SERVICES, LLC 1 6.88% $6,391
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $5,035
    Magnolia Bank 1 6.75% $13,318
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $8,663
    Nations Lending Corporation 1 5.25% $8,025
    NAVY FEDERAL CREDIT UNION 1 5.25% $1,912
    NBKC BANK 1 6.00% $3,534

    The top Shelbyville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $4,646, which is $3,099 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    The lowest fee Shelbyville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,646), FIRST COMMUNITY MORTGAGE, INC. ($7,744), CMG MORTGAGE, INC. ($9,076), UNITED WHOLESALE MORTGAGE, LLC ($10,378) and .

    The lowest rate Shelbyville VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.74%), Mortgage Research Center, LLC (6.12%), CMG MORTGAGE, INC. (6.31%), FIRST COMMUNITY MORTGAGE, INC. (6.32%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Shelbyville (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 $232,450 (18.5%) $401,092 (16.0%) 0.00 136
    2018-02-01 $234,900 (18.8%) $396,043 (21.7%) 0.00 134
    2018-03-01 $247,900 (21.2%) $411,744 (38.2%) 0.00 121
    2018-04-01 $229,750 (6.9%) $395,791 (28.4%) 0.00 129
    2018-05-01 $239,000 (0.2%) $381,327 (-3.9%) 0.00 150
    2018-06-01 $239,250 (-6.2%) $382,090 (-4.7%) 0.00 142
    2018-07-01 $246,150 (2.6%) $422,072 (8.7%) 0.00 136
    2018-08-01 $251,700 (4.9%) $422,274 (5.4%) 0.00 147
    2018-09-01 $269,900 (12.8%) $401,422 (-7.4%) 0.00 151
    2018-10-01 $269,075 (17.2%) $393,520 (-2.3%) 0.00 155
    2018-11-01 $271,325 (18.0%) $414,367 (4.2%) 0.00 147
    2018-12-01 $269,000 (7.6%) $413,170 (-0.6%) 0.00 146
    2019-01-01 $269,475 (15.9%) $403,401 (0.6%) 0.00 140
    2019-02-01 $257,400 (9.6%) $384,184 (-3.0%) 0.00 139
    2019-03-01 $259,900 (4.8%) $387,867 (-5.8%) 0.00 140
    2019-04-01 $259,900 (13.1%) $393,707 (-0.5%) 0.00 138
    2019-05-01 $269,900 (12.9%) $394,824 (3.5%) 0.00 143
    2019-06-01 $270,000 (12.9%) $407,951 (6.8%) 0.00 146
    2019-07-01 $273,650 (11.2%) $407,886 (-3.4%) 0.00 144
    2019-08-01 $272,627 (8.3%) $401,376 (-5.0%) 0.00 151
    2019-09-01 $276,718 (2.5%) $393,501 (-2.0%) 0.00 163
    2019-10-01 $275,695 (2.5%) $382,291 (-2.9%) 0.00 171
    2019-11-01 $272,400 (0.4%) $393,317 (-5.1%) 0.00 175
    2019-12-01 $264,900 (-1.5%) $436,480 (5.6%) 0.00 168
    2020-01-01 $245,380 (-8.9%) $401,408 (-0.5%) 0.00 165
    2020-02-01 $254,900 (-1.0%) $409,505 (6.6%) 0.00 165
    2020-03-01 $273,450 (5.2%) $410,463 (5.8%) 0.00 160
    2020-04-01 $249,900 (-3.9%) $399,493 (1.5%) 0.00 163
    2020-05-01 $284,900 (5.6%) $420,358 (6.5%) 0.00 148
    2020-06-01 $308,650 (14.3%) $483,377 (18.5%) 0.00 110
    2020-07-01 $321,150 (17.4%) $496,614 (21.8%) 0.00 102
    2020-08-01 $304,900 (11.8%) $559,386 (39.4%) 0.00 91
    2020-09-01 $297,400 (7.5%) $573,240 (45.7%) 0.00 94
    2020-10-01 $299,900 (8.8%) $561,395 (46.9%) 0.00 100
    2020-11-01 $286,150 (5.1%) $524,578 (33.4%) 0.00 110
    2020-12-01 $299,900 (13.2%) $539,239 (23.5%) 0.00 101
    2021-01-01 $259,900 (5.9%) $475,689 (18.5%) 0.00 94
    2021-02-01 $277,185 (8.7%) $504,390 (23.2%) 0.00 76
    2021-03-01 $280,294 (2.5%) $563,693 (37.3%) 0.00 68
    2021-04-01 $333,450 (33.4%) $659,595 (65.1%) 0.00 51
    2021-05-01 $394,900 (38.6%) $753,930 (79.4%) 0.00 55
    2021-06-01 $454,800 (47.4%) $761,268 (57.5%) 0.00 63
    2021-07-01 $449,900 (40.1%) $703,315 (41.6%) 0.00 75
    2021-08-01 $396,450 (30.0%) $714,006 (27.6%) 0.00 80
    2021-09-01 $388,725 (30.7%) $677,123 (18.1%) 0.00 75
    2021-10-01 $389,480 (29.9%) $692,202 (23.3%) 0.00 71
    2021-11-01 $385,231 (34.6%) $710,863 (35.5%) 0.00 76
    2021-12-01 $388,541 (29.6%) $766,573 (42.2%) 0.00 63
    2022-01-01 $387,500 (49.1%) $732,766 (54.0%) 0.00 56
    2022-02-01 $321,750 (16.1%) $652,808 (29.4%) 0.00 62
    2022-03-01 $357,450 (27.5%) $651,229 (15.5%) 0.00 60
    2022-04-01 $424,999 (27.5%) $694,265 (5.3%) 0.00 76
    2022-05-01 $393,250 (-0.4%) $642,381 (-14.8%) 0.00 94
    2022-06-01 $395,725 (-13.0%) $638,385 (-16.1%) 0.00 124
    2022-07-01 $439,450 (-2.3%) $652,849 (-7.2%) 0.00 142
    2022-08-01 $402,450 (1.5%) $583,565 (-18.3%) 0.00 170
    2022-09-01 $399,450 (2.8%) $571,122 (-15.7%) 0.00 200
    2022-10-01 $399,000 (2.4%) $589,318 (-14.9%) 0.00 208
    2022-11-01 $391,400 (1.6%) $565,910 (-20.4%) 0.00 198
    2022-12-01 $396,450 (2.0%) $567,705 (-25.9%) 0.00 187
    2023-01-01 $393,000 (1.4%) $561,630 (-23.4%) 0.00 176
    2023-02-01 $377,425 (17.3%) $569,150 (-12.8%) 0.00 181
    2023-03-01 $389,225 (8.9%) $560,883 (-13.9%) 0.00 168
    2023-04-01 $399,400 (-6.0%) $618,241 (-11.0%) 0.00 144
    2023-05-01 $437,450 (11.2%) $626,830 (-2.4%) 0.00 150
    2023-06-01 $419,150 (5.9%) $566,919 (-11.2%) 0.00 160
    2023-07-01 $399,000 (-9.2%) $542,556 (-16.9%) 0.00 182
    2023-08-01 $422,500 (5.0%) $564,403 (-3.3%) 0.00 192
    2023-09-01 $395,000 (-1.1%) $561,149 (-1.8%) 0.00 199
    2023-10-01 $350,920 (-12.1%) $529,805 (-10.1%) 0.00 199
    2023-11-01 $365,075 (-6.7%) $541,219 (-4.4%) 0.00 207
    2023-12-01 $353,990 (-10.7%) $533,910 (-6.0%) 0.00 194
    2024-01-01 $359,950 (-8.4%) $531,972 (-5.3%) 0.00 169
    2024-02-01 $378,175 (0.2%) $518,486 (-8.9%) 0.00 162
    2024-03-01 $359,900 (-7.5%) $516,763 (-7.9%) 0.00 156
    2024-04-01 $393,725 (-1.4%) $530,538 (-14.2%) 0.00 156
    2024-05-01 $368,658 (-15.7%) $520,444 (-17.0%) 0.00 161
    2024-06-01 $387,999 (-7.4%) $543,852 (-4.1%) 0.00 170
    2024-07-01 $399,000 (0.0%) $573,077 (5.6%) 0.00 175
    2024-08-01 $404,900 (-4.2%) $634,831 (12.5%) 0.00 196
    2024-09-01 $399,000 (1.0%) $608,454 (8.4%) 0.00 226
    2024-10-01 $399,000 (13.7%) $593,509 (12.0%) 0.00 213
    2024-11-01 $375,000 (2.7%) $568,797 (5.1%) 0.00 236
    2024-12-01 $364,800 (3.1%) $559,763 (4.8%) 0.00 237
    2025-01-01 $364,945 (1.4%) $534,846 (0.5%) 0.00 226
    2025-02-01 $368,920 (-2.5%) $513,862 (-0.9%) 0.00 244
    2025-03-01 $375,000 (4.2%) $533,312 (3.2%) 0.00 248
    Shelbyville's median listing price for 2025-03-01 was $375,000, a difference of $15,100 (4.2%) versus the prior year and $6,080 versus the prior month.

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

    Shelbyville's average listing price for 2025-03-01 was $533,312, a difference of $16,549 (3.2%) versus the prior year and $19,450 versus the prior month.

    For the 2025-03-01 period, Shelbyville had 248 MLS listings, a difference of 4 listings (2%) versus the prior month and 92 listings (59%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Shelbyville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,101 sqft
    2018-02-01 0 days 2,039 sqft
    2018-03-01 0 days 2,026 sqft
    2018-04-01 0 days 1,991 sqft
    2018-05-01 0 days 1,958 sqft
    2018-06-01 0 days 1,992 sqft
    2018-07-01 0 days 2,044 sqft
    2018-08-01 0 days 1,946 sqft
    2018-09-01 0 days 2,055 sqft
    2018-10-01 0 days 2,109 sqft
    2018-11-01 0 days 2,101 sqft
    2018-12-01 0 days 2,015 sqft
    2019-01-01 0 days 2,048 sqft
    2019-02-01 0 days 1,863 sqft
    2019-03-01 0 days 1,920 sqft
    2019-04-01 0 days 1,990 sqft
    2019-05-01 0 days 2,093 sqft
    2019-06-01 0 days 2,124 sqft
    2019-07-01 0 days 2,055 sqft
    2019-08-01 0 days 1,969 sqft
    2019-09-01 0 days 2,040 sqft
    2019-10-01 0 days 2,076 sqft
    2019-11-01 0 days 2,038 sqft
    2019-12-01 0 days 1,950 sqft
    2020-01-01 0 days 1,838 sqft
    2020-02-01 0 days 1,955 sqft
    2020-03-01 0 days 1,979 sqft
    2020-04-01 0 days 1,953 sqft
    2020-05-01 0 days 1,979 sqft
    2020-06-01 0 days 2,059 sqft
    2020-07-01 0 days 2,156 sqft
    2020-08-01 0 days 2,204 sqft
    2020-09-01 0 days 2,135 sqft
    2020-10-01 0 days 1,981 sqft
    2020-11-01 0 days 1,929 sqft
    2020-12-01 0 days 1,937 sqft
    2021-01-01 0 days 1,845 sqft
    2021-02-01 0 days 1,891 sqft
    2021-03-01 0 days 1,972 sqft
    2021-04-01 0 days 1,972 sqft
    2021-05-01 0 days 2,125 sqft
    2021-06-01 0 days 2,381 sqft
    2021-07-01 0 days 2,247 sqft
    2021-08-01 0 days 2,035 sqft
    2021-09-01 0 days 1,978 sqft
    2021-10-01 0 days 1,989 sqft
    2021-11-01 0 days 2,099 sqft
    2021-12-01 0 days 2,130 sqft
    2022-01-01 0 days 1,973 sqft
    2022-02-01 0 days 1,675 sqft
    2022-03-01 0 days 1,955 sqft
    2022-04-01 0 days 1,973 sqft
    2022-05-01 0 days 1,932 sqft
    2022-06-01 0 days 1,973 sqft
    2022-07-01 0 days 2,036 sqft
    2022-08-01 0 days 1,961 sqft
    2022-09-01 0 days 1,970 sqft
    2022-10-01 0 days 1,973 sqft
    2022-11-01 0 days 1,963 sqft
    2022-12-01 0 days 1,973 sqft
    2023-01-01 0 days 1,976 sqft
    2023-02-01 0 days 1,933 sqft
    2023-03-01 0 days 1,973 sqft
    2023-04-01 0 days 1,957 sqft
    2023-05-01 0 days 1,997 sqft
    2023-06-01 0 days 1,973 sqft
    2023-07-01 0 days 1,951 sqft
    2023-08-01 0 days 1,956 sqft
    2023-09-01 0 days 1,883 sqft
    2023-10-01 0 days 1,849 sqft
    2023-11-01 0 days 1,831 sqft
    2023-12-01 0 days 1,730 sqft
    2024-01-01 0 days 1,739 sqft
    2024-02-01 0 days 1,780 sqft
    2024-03-01 0 days 1,805 sqft
    2024-04-01 0 days 1,766 sqft
    2024-05-01 0 days 1,815 sqft
    2024-06-01 0 days 1,878 sqft
    2024-07-01 0 days 1,887 sqft
    2024-08-01 0 days 1,887 sqft
    2024-09-01 0 days 1,869 sqft
    2024-10-01 0 days 1,850 sqft
    2024-11-01 0 days 1,813 sqft
    2024-12-01 0 days 1,799 sqft
    2025-01-01 0 days 1,807 sqft
    2025-02-01 0 days 1,802 sqft
    2025-03-01 0 days 1,813 sqft
    Shelbyville's median listing age (time on market) for 2025-03-01 was 0 days.

    Shelbyville's median square footage for active listings during the 2025-03-01 period was 1,813 sqft. One year prior, the average listing was 1,805 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.