Tullahoma VA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, 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.

Tullahoma's 64 lenders originated 237 VA loans during 2023. The total origination value was $75,775,000, with an average VA loan value of $319,726.

Tullahoma VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tullahoma averaged -0.01% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Tullahoma's average VA mortgage closing costs are $5,707.

The average rate for the prior week (2024-11-22) was 6.56% and one month ago for the week of 2024-10-25, the average rate was 6.36%.

The average rate one year ago was 7%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.05%.

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

Tullahoma 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 Tullahoma level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 43 6.79% $4,931
QUICKEN LOANS, LLC 21 5.94% $11,292
UNITED WHOLESALE MORTGAGE, LLC 13 6.13% $8,708
NAVY FEDERAL CREDIT UNION 11 5.77% $4,315
USAA Federal Savings Bank 9 5.89% $8,002
FIRST COMMUNITY MORTGAGE, INC. 9 6.32% $7,861
CMG MORTGAGE, INC. 7 6.23% $13,691
FirstBank 6 6.48% $8,261
First Vision Bank of Tennessee 6 6.06% $13,910
BROKER SOLUTIONS, INC. 6 6.60% $6,542
SeaTrust Mortgage Company 5 6.33% $10,627
NEW DAY FINANCIAL, LLC 5 7.27% $14,697
FREEDOM MORTGAGE CORPORATION 5 6.23% $13,074
GUARANTEED RATE, INC. 5 6.35% $1,806
VILLAGE CAPITAL MORTGAGE 5 6.20% $10,188
PENNYMAC LOAN SERVICES, LLC 4 5.88% $7,539
MOVEMENT MORTGAGE, LLC 4 6.88% $4,448
ISERVE RESIDENTIAL LENDING, LLC 4 6.16% $9,079
Citizens Tri-County Bank 4 6.34% $6,936
LOANDEPOT.COM, LLC 4 5.78% $10,124
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.08% $14,034
U.S. Bank 3 6.96% $4,773
Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $6,433
MILEND, INC. 2 6.50% $16,198
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.69% $27,121
HOMESIDE FINANCIAL, LLC 2 7.25% $3,176
FirstTrust Home Loans, Inc. 2 7.06% $12,153
Legends Bank 2 5.88% $8,872
The Federal Savings Bank 2 5.94% $11,863
Renasant Bank 1 7.13% $4,806
RESOURCE FINANCIAL SERVICES, INC. 1 6.75% $7,776
Synovus Bank 1 5.50% $11,007
T2 FINANCIAL LLC 1 7.13% $11,539
The First National Bank of Middle Tennessee 1 6.00% $3,268
ACOPIA, LLC 1 7.50% $7,100
Wyndham Capital Mortgage, Inc. 1 5.75% $3,815
AMERISAVE MORTGAGE CORPORATION 1 5.63% $9,005
Bank of England 1 6.13% $7,051
Barrington Bank & Trust Company, N.A. 1 6.75% $15,198
CapStar Bank 1 6.00% $4,293
CARDINAL FINANCIAL 1 6.13% $6,132
COMPASS MORTGAGE, INC. 1 7.13% $30,573
Cornerstone First Mortgage, Inc 1 6.63% $7,022
CROSSCOUNTRY MORTGAGE, LLC 1 5.13% $5,056
ENVOY MORTGAGE, LTD 1 6.13% $10,518
Equity Prime Mortgage LLC 1 7.75% $5,974
First United Bank and Trust Company 1 5.88% $4,581
Flagstar Bank, FSB 1 5.38% $7,387
FLAT BRANCH MORTGAGE, INC. 1 7.25% $2,330
Franklin Loan Corporation 1 6.25% $8,800
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $1,145
HomePromise Corporation 1 8.13% $8,775
Legacy Home Loans, LLC 1 5.50% $3,645
MEMBER FIRST MORTGAGE, LLC 1 6.00% $4,474
Mid-Continent Funding, Inc. 1 6.50% $20,378
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
M&T Bank 1 5.75% $8,431
NATIONS RELIABLE LENDING, LLC 1 7.63% $3,239
NEWREZ LLC 1 6.75% $7,776
Paramount Residential Mortgage Group, Inc. 1 5.63% $3,417
PENTAGON FEDERAL CREDIT UNION 1 5.50% $6,002
PHH Mortgage Corporation 1 6.00% $3,123
Plains Commerce Bank 1 5.75% $3,777
Prosperity Home Mortgage, LLC 1 7.63% $8,875

The top Tullahoma VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $4,931, which is $6,361 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Tullahoma VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,315), Mortgage Research Center, LLC ($4,931), UNITED WHOLESALE MORTGAGE, LLC ($8,708), QUICKEN LOANS, LLC ($11,292) and .

The lowest rate Tullahoma VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.77%), QUICKEN LOANS, LLC (5.94%), UNITED WHOLESALE MORTGAGE, LLC (6.13%), Mortgage Research Center, LLC (6.79%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Tullahoma (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 $249,950 (16.8%) $370,871 (16.9%) 0.00 342
2018-02-01 $272,450 (32.9%) $385,937 (22.8%) 0.00 331
2018-03-01 $274,750 (29.0%) $384,268 (20.6%) 0.00 336
2018-04-01 $289,925 (31.8%) $384,252 (16.1%) 0.00 332
2018-05-01 $299,900 (11.1%) $396,499 (2.0%) 0.00 334
2018-06-01 $299,900 (13.4%) $396,066 (3.7%) 0.00 359
2018-07-01 $290,725 (2.0%) $394,660 (-0.2%) 0.00 363
2018-08-01 $282,400 (2.7%) $385,054 (-0.1%) 0.00 366
2018-09-01 $269,000 (1.6%) $368,345 (-2.2%) 0.00 373
2018-10-01 $273,500 (2.3%) $372,273 (-2.0%) 0.00 376
2018-11-01 $267,475 (7.1%) $361,724 (-2.8%) 0.00 374
2018-12-01 $256,682 (0.7%) $341,417 (-9.9%) 0.00 368
2019-01-01 $256,900 (2.8%) $339,364 (-8.5%) 0.00 345
2019-02-01 $259,900 (-4.6%) $346,588 (-10.2%) 0.00 347
2019-03-01 $276,329 (0.6%) $365,215 (-5.0%) 0.00 322
2019-04-01 $282,079 (-2.7%) $375,686 (-2.2%) 0.00 302
2019-05-01 $299,950 (0.0%) $388,965 (-1.9%) 0.00 316
2019-06-01 $291,950 (-2.7%) $378,016 (-4.6%) 0.00 334
2019-07-01 $298,450 (2.7%) $398,529 (1.0%) 0.00 341
2019-08-01 $294,109 (4.2%) $396,035 (2.9%) 0.00 344
2019-09-01 $288,423 (7.2%) $396,558 (7.7%) 0.00 357
2019-10-01 $284,250 (3.9%) $396,907 (6.6%) 0.00 364
2019-11-01 $269,500 (0.8%) $391,024 (8.1%) 0.00 348
2019-12-01 $259,900 (1.3%) $368,098 (7.8%) 0.00 343
2020-01-01 $256,900 (0.0%) $366,151 (7.9%) 0.00 317
2020-02-01 $258,750 (-0.4%) $360,313 (4.0%) 0.00 302
2020-03-01 $286,175 (3.6%) $385,580 (5.6%) 0.00 286
2020-04-01 $279,900 (-0.8%) $379,841 (1.1%) 0.00 284
2020-05-01 $306,990 (2.4%) $403,399 (3.7%) 0.00 255
2020-06-01 $319,900 (9.6%) $404,349 (7.0%) 0.00 217
2020-07-01 $316,950 (6.2%) $394,084 (-1.1%) 0.00 201
2020-08-01 $329,900 (12.2%) $402,355 (1.6%) 0.00 178
2020-09-01 $309,475 (7.3%) $407,296 (2.7%) 0.00 151
2020-10-01 $314,500 (10.6%) $415,086 (4.6%) 0.00 149
2020-11-01 $295,000 (9.5%) $424,355 (8.5%) 0.00 140
2020-12-01 $279,900 (7.7%) $403,655 (9.7%) 0.00 139
2021-01-01 $264,900 (3.1%) $382,155 (4.4%) 0.00 135
2021-02-01 $289,900 (12.0%) $398,589 (10.6%) 0.00 119
2021-03-01 $296,925 (3.8%) $414,898 (7.6%) 0.00 107
2021-04-01 $346,225 (23.7%) $492,318 (29.6%) 0.00 100
2021-05-01 $409,900 (33.5%) $478,188 (18.5%) 0.00 117
2021-06-01 $382,425 (19.6%) $515,365 (27.5%) 0.00 119
2021-07-01 $369,400 (16.6%) $497,886 (26.3%) 0.00 148
2021-08-01 $382,450 (15.9%) $505,060 (25.5%) 0.00 171
2021-09-01 $386,950 (25.0%) $511,043 (25.5%) 0.00 186
2021-10-01 $379,450 (20.7%) $552,163 (33.0%) 0.00 174
2021-11-01 $389,450 (32.0%) $570,183 (34.4%) 0.00 178
2021-12-01 $374,900 (33.9%) $568,604 (40.9%) 0.00 159
2022-01-01 $374,900 (41.5%) $560,458 (46.7%) 0.00 135
2022-02-01 $394,625 (36.1%) $570,936 (43.2%) 0.00 132
2022-03-01 $381,675 (28.5%) $583,347 (40.6%) 0.00 147
2022-04-01 $429,000 (23.9%) $574,105 (16.6%) 0.00 177
2022-05-01 $432,400 (5.5%) $601,859 (25.9%) 0.00 219
2022-06-01 $449,900 (17.6%) $599,590 (16.3%) 0.00 276
2022-07-01 $446,700 (20.9%) $588,737 (18.3%) 0.00 319
2022-08-01 $457,400 (19.6%) $606,590 (20.1%) 0.00 344
2022-09-01 $467,425 (20.8%) $637,291 (24.7%) 0.00 346
2022-10-01 $399,900 (5.4%) $593,989 (7.6%) 0.00 421
2022-11-01 $399,900 (2.7%) $567,578 (-0.5%) 0.00 419
2022-12-01 $399,900 (6.7%) $570,546 (0.3%) 0.00 397
2023-01-01 $384,925 (2.7%) $569,514 (1.6%) 0.00 378
2023-02-01 $384,950 (-2.5%) $580,838 (1.7%) 0.00 351
2023-03-01 $389,675 (2.1%) $583,695 (0.1%) 0.00 349
2023-04-01 $479,900 (11.9%) $636,215 (10.8%) 0.00 328
2023-05-01 $479,900 (11.0%) $622,138 (3.4%) 0.00 351
2023-06-01 $479,450 (6.6%) $610,798 (1.9%) 0.00 384
2023-07-01 $474,900 (6.3%) $584,930 (-0.7%) 0.00 360
2023-08-01 $456,675 (-0.2%) $574,452 (-5.3%) 0.00 374
2023-09-01 $449,900 (-3.8%) $588,262 (-7.7%) 0.00 392
2023-10-01 $441,475 (10.4%) $566,677 (-4.6%) 0.00 413
2023-11-01 $399,900 (0.0%) $524,203 (-7.6%) 0.00 461
2023-12-01 $399,500 (-0.1%) $505,530 (-11.4%) 0.00 476
2024-01-01 $398,500 (3.5%) $507,002 (-11.0%) 0.00 424
2024-02-01 $409,925 (6.5%) $522,481 (-10.1%) 0.00 421
2024-03-01 $434,900 (11.6%) $539,739 (-7.5%) 0.00 397
2024-04-01 $446,650 (-6.9%) $572,564 (-10.0%) 0.00 398
2024-05-01 $444,425 (-7.4%) $591,292 (-5.0%) 0.00 430
2024-06-01 $440,000 (-8.2%) $579,546 (-5.1%) 0.00 477
2024-07-01 $427,575 (-10.0%) $562,420 (-3.9%) 0.00 480
2024-08-01 $409,900 (-10.2%) $539,556 (-6.1%) 0.00 494
2024-09-01 $399,450 (-11.2%) $530,989 (-9.7%) 0.00 530
2024-10-01 $395,950 (-10.3%) $536,101 (-5.4%) 0.00 543
Tullahoma's median listing price for 2024-10-01 was $395,950, a difference of $-45,525 (-10.3%) versus the prior year and $-3,500 versus the prior month.

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

Tullahoma's average listing price for 2024-10-01 was $536,101, a difference of $-30,576 (-5.4%) versus the prior year and $5,112 versus the prior month.

For the 2024-10-01 period, Tullahoma had 543 MLS listings, a difference of 13 listings (2%) versus the prior month and 130 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,220 sqft
2018-02-01 0 days 2,289 sqft
2018-03-01 0 days 2,279 sqft
2018-04-01 0 days 2,297 sqft
2018-05-01 0 days 2,420 sqft
2018-06-01 0 days 2,421 sqft
2018-07-01 0 days 2,419 sqft
2018-08-01 0 days 2,308 sqft
2018-09-01 0 days 2,280 sqft
2018-10-01 0 days 2,242 sqft
2018-11-01 0 days 2,255 sqft
2018-12-01 0 days 2,149 sqft
2019-01-01 0 days 2,153 sqft
2019-02-01 0 days 2,176 sqft
2019-03-01 0 days 2,273 sqft
2019-04-01 0 days 2,364 sqft
2019-05-01 0 days 2,453 sqft
2019-06-01 0 days 2,400 sqft
2019-07-01 0 days 2,405 sqft
2019-08-01 0 days 2,345 sqft
2019-09-01 0 days 2,295 sqft
2019-10-01 0 days 2,262 sqft
2019-11-01 0 days 2,240 sqft
2019-12-01 0 days 2,109 sqft
2020-01-01 0 days 2,088 sqft
2020-02-01 0 days 2,061 sqft
2020-03-01 0 days 2,220 sqft
2020-04-01 0 days 2,200 sqft
2020-05-01 0 days 2,269 sqft
2020-06-01 0 days 2,285 sqft
2020-07-01 0 days 2,259 sqft
2020-08-01 0 days 2,226 sqft
2020-09-01 0 days 2,166 sqft
2020-10-01 0 days 2,181 sqft
2020-11-01 0 days 2,099 sqft
2020-12-01 0 days 1,988 sqft
2021-01-01 0 days 1,938 sqft
2021-02-01 0 days 1,920 sqft
2021-03-01 0 days 1,859 sqft
2021-04-01 0 days 1,888 sqft
2021-05-01 0 days 1,915 sqft
2021-06-01 0 days 1,987 sqft
2021-07-01 0 days 1,959 sqft
2021-08-01 0 days 2,057 sqft
2021-09-01 0 days 2,080 sqft
2021-10-01 0 days 2,180 sqft
2021-11-01 0 days 2,140 sqft
2021-12-01 0 days 2,069 sqft
2022-01-01 0 days 2,019 sqft
2022-02-01 0 days 2,030 sqft
2022-03-01 0 days 2,008 sqft
2022-04-01 0 days 2,040 sqft
2022-05-01 0 days 2,118 sqft
2022-06-01 0 days 2,223 sqft
2022-07-01 0 days 2,187 sqft
2022-08-01 0 days 2,090 sqft
2022-09-01 0 days 2,114 sqft
2022-10-01 0 days 2,010 sqft
2022-11-01 0 days 2,002 sqft
2022-12-01 0 days 1,968 sqft
2023-01-01 0 days 1,972 sqft
2023-02-01 0 days 1,928 sqft
2023-03-01 0 days 1,947 sqft
2023-04-01 0 days 2,121 sqft
2023-05-01 0 days 2,174 sqft
2023-06-01 0 days 2,200 sqft
2023-07-01 0 days 2,214 sqft
2023-08-01 0 days 2,159 sqft
2023-09-01 0 days 2,159 sqft
2023-10-01 0 days 2,091 sqft
2023-11-01 0 days 1,925 sqft
2023-12-01 0 days 1,917 sqft
2024-01-01 0 days 1,953 sqft
2024-02-01 0 days 1,967 sqft
2024-03-01 0 days 2,044 sqft
2024-04-01 0 days 2,102 sqft
2024-05-01 0 days 2,068 sqft
2024-06-01 0 days 2,043 sqft
2024-07-01 0 days 2,004 sqft
2024-08-01 0 days 1,961 sqft
2024-09-01 0 days 1,950 sqft
2024-10-01 0 days 1,951 sqft
Tullahoma's median listing age (time on market) for 2024-10-01 was 0 days.

Tullahoma's median square footage for active listings during the 2024-10-01 period was 1,951 sqft. One year prior, the average listing was 2,091 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.