Tullahoma VA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, 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.

    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 6.72% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.35% and one month ago for the week of 2025-01-10, the average rate was 6.39%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.67%.

    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 $238,675 (9.6%) $324,192 (20.3%) 0.00 162
    2018-02-01 $257,050 (25.5%) $336,866 (22.2%) 0.00 161
    2018-03-01 $269,900 (28.5%) $346,801 (24.8%) 0.00 163
    2018-04-01 $252,175 (17.4%) $348,021 (22.4%) 0.00 168
    2018-05-01 $269,175 (4.6%) $350,377 (6.9%) 0.00 173
    2018-06-01 $249,900 (3.8%) $333,392 (2.6%) 0.00 190
    2018-07-01 $249,900 (-9.4%) $327,011 (-8.1%) 0.00 192
    2018-08-01 $239,900 (-12.3%) $313,549 (-11.3%) 0.00 189
    2018-09-01 $230,400 (-5.8%) $305,067 (-9.6%) 0.00 199
    2018-10-01 $245,297 (2.0%) $315,374 (-6.7%) 0.00 201
    2018-11-01 $242,027 (5.9%) $305,333 (-4.7%) 0.00 203
    2018-12-01 $239,900 (4.4%) $299,391 (-7.8%) 0.00 206
    2019-01-01 $240,963 (1.0%) $300,604 (-7.3%) 0.00 198
    2019-02-01 $251,651 (-2.1%) $312,762 (-7.2%) 0.00 193
    2019-03-01 $262,347 (-2.8%) $321,727 (-7.2%) 0.00 177
    2019-04-01 $268,956 (6.7%) $328,633 (-5.6%) 0.00 157
    2019-05-01 $274,998 (2.2%) $333,880 (-4.7%) 0.00 156
    2019-06-01 $272,250 (8.9%) $327,539 (-1.8%) 0.00 156
    2019-07-01 $273,025 (9.3%) $330,650 (1.1%) 0.00 152
    2019-08-01 $262,627 (9.5%) $321,054 (2.4%) 0.00 168
    2019-09-01 $249,843 (8.4%) $311,059 (2.0%) 0.00 184
    2019-10-01 $239,900 (-2.2%) $303,649 (-3.7%) 0.00 196
    2019-11-01 $237,500 (-1.9%) $301,060 (-1.4%) 0.00 180
    2019-12-01 $230,175 (-4.1%) $296,483 (-1.0%) 0.00 174
    2020-01-01 $235,450 (-2.3%) $306,425 (1.9%) 0.00 161
    2020-02-01 $240,000 (-4.6%) $309,713 (-1.0%) 0.00 154
    2020-03-01 $259,900 (-0.9%) $343,164 (6.7%) 0.00 138
    2020-04-01 $248,825 (-7.5%) $320,920 (-2.4%) 0.00 141
    2020-05-01 $268,900 (-2.2%) $342,589 (2.6%) 0.00 129
    2020-06-01 $297,275 (9.2%) $362,828 (10.8%) 0.00 104
    2020-07-01 $296,400 (8.6%) $351,631 (6.4%) 0.00 102
    2020-08-01 $320,000 (21.9%) $386,000 (20.2%) 0.00 92
    2020-09-01 $305,700 (22.4%) $353,579 (13.7%) 0.00 75
    2020-10-01 $304,900 (27.1%) $340,135 (12.0%) 0.00 62
    2020-11-01 $302,175 (27.2%) $384,098 (27.6%) 0.00 57
    2020-12-01 $274,950 (19.5%) $367,586 (24.0%) 0.00 57
    2021-01-01 $254,000 (7.9%) $316,214 (3.2%) 0.00 66
    2021-02-01 $269,900 (12.5%) $319,007 (3.0%) 0.00 63
    2021-03-01 $293,150 (12.8%) $369,726 (7.7%) 0.00 52
    2021-04-01 $322,400 (29.6%) $367,823 (14.6%) 0.00 48
    2021-05-01 $419,450 (56.0%) $416,692 (21.6%) 0.00 65
    2021-06-01 $393,450 (32.4%) $446,331 (23.0%) 0.00 64
    2021-07-01 $339,900 (14.7%) $442,515 (25.9%) 0.00 77
    2021-08-01 $357,400 (11.7%) $462,353 (19.8%) 0.00 77
    2021-09-01 $374,950 (22.7%) $480,070 (35.8%) 0.00 87
    2021-10-01 $379,900 (24.6%) $507,835 (49.3%) 0.00 98
    2021-11-01 $371,150 (22.8%) $496,814 (29.4%) 0.00 98
    2021-12-01 $361,175 (31.4%) $534,580 (45.4%) 0.00 80
    2022-01-01 $359,900 (41.7%) $572,007 (80.9%) 0.00 66
    2022-02-01 $369,950 (37.1%) $580,501 (82.0%) 0.00 63
    2022-03-01 $381,200 (30.0%) $587,237 (58.8%) 0.00 67
    2022-04-01 $379,700 (17.8%) $541,965 (47.3%) 0.00 86
    2022-05-01 $366,925 (-12.5%) $554,873 (33.2%) 0.00 100
    2022-06-01 $401,450 (2.0%) $574,880 (28.8%) 0.00 128
    2022-07-01 $399,900 (17.7%) $586,232 (32.5%) 0.00 153
    2022-08-01 $415,225 (16.2%) $578,017 (25.0%) 0.00 162
    2022-09-01 $407,450 (8.7%) $562,813 (17.2%) 0.00 159
    2022-10-01 $389,900 (2.6%) $506,772 (-0.2%) 0.00 201
    2022-11-01 $372,450 (0.4%) $481,406 (-3.1%) 0.00 209
    2022-12-01 $375,000 (3.8%) $481,285 (-10.0%) 0.00 195
    2023-01-01 $359,900 (0.0%) $473,986 (-17.1%) 0.00 199
    2023-02-01 $360,558 (-2.5%) $468,934 (-19.2%) 0.00 180
    2023-03-01 $357,500 (-6.2%) $471,831 (-19.7%) 0.00 173
    2023-04-01 $414,900 (9.3%) $519,419 (-4.2%) 0.00 154
    2023-05-01 $419,450 (14.3%) $523,097 (-5.7%) 0.00 157
    2023-06-01 $406,925 (1.4%) $516,057 (-10.2%) 0.00 157
    2023-07-01 $429,000 (7.3%) $504,241 (-14.0%) 0.00 152
    2023-08-01 $404,950 (-2.5%) $481,349 (-16.7%) 0.00 166
    2023-09-01 $399,900 (-1.9%) $480,408 (-14.6%) 0.00 184
    2023-10-01 $404,450 (3.7%) $479,487 (-5.4%) 0.00 187
    2023-11-01 $399,900 (7.4%) $487,818 (1.3%) 0.00 200
    2023-12-01 $385,000 (2.7%) $469,279 (-2.5%) 0.00 208
    2024-01-01 $382,900 (6.4%) $464,435 (-2.0%) 0.00 182
    2024-02-01 $398,500 (10.5%) $478,534 (2.1%) 0.00 170
    2024-03-01 $407,450 (14.0%) $493,555 (4.6%) 0.00 172
    2024-04-01 $416,175 (0.3%) $534,196 (2.8%) 0.00 168
    2024-05-01 $415,700 (-0.9%) $552,165 (5.6%) 0.00 187
    2024-06-01 $419,900 (3.2%) $533,491 (3.4%) 0.00 217
    2024-07-01 $404,900 (-5.6%) $512,181 (1.6%) 0.00 227
    2024-08-01 $379,900 (-6.2%) $486,924 (1.2%) 0.00 238
    2024-09-01 $379,900 (-5.0%) $473,045 (-1.5%) 0.00 272
    2024-10-01 $381,975 (-5.6%) $479,322 (0.0%) 0.00 285
    2024-11-01 $369,900 (-7.5%) $470,964 (-3.5%) 0.00 310
    2024-12-01 $366,000 (-4.9%) $449,766 (-4.2%) 0.00 275
    2025-01-01 $359,950 (-6.0%) $443,623 (-4.5%) 0.00 272
    Tullahoma's median listing price for 2025-01-01 was $359,950, a difference of $-22,950 (-6.0%) versus the prior year and $-6,050 versus the prior month.

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

    Tullahoma's average listing price for 2025-01-01 was $443,623, a difference of $-20,812 (-4.5%) versus the prior year and $-6,143 versus the prior month.

    For the 2025-01-01 period, Tullahoma had 272 MLS listings, a difference of -3 listings (-1%) versus the prior month and 90 listings (49%) 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 2,191 sqft
    2018-02-01 0 days 2,302 sqft
    2018-03-01 0 days 2,300 sqft
    2018-04-01 0 days 2,256 sqft
    2018-05-01 0 days 2,324 sqft
    2018-06-01 0 days 2,300 sqft
    2018-07-01 0 days 2,313 sqft
    2018-08-01 0 days 2,112 sqft
    2018-09-01 0 days 2,050 sqft
    2018-10-01 0 days 2,124 sqft
    2018-11-01 0 days 2,117 sqft
    2018-12-01 0 days 2,010 sqft
    2019-01-01 0 days 2,006 sqft
    2019-02-01 0 days 2,101 sqft
    2019-03-01 0 days 2,155 sqft
    2019-04-01 0 days 2,210 sqft
    2019-05-01 0 days 2,284 sqft
    2019-06-01 0 days 2,260 sqft
    2019-07-01 0 days 2,236 sqft
    2019-08-01 0 days 2,192 sqft
    2019-09-01 0 days 2,086 sqft
    2019-10-01 0 days 2,006 sqft
    2019-11-01 0 days 1,999 sqft
    2019-12-01 0 days 1,891 sqft
    2020-01-01 0 days 1,942 sqft
    2020-02-01 0 days 1,949 sqft
    2020-03-01 0 days 2,151 sqft
    2020-04-01 0 days 2,042 sqft
    2020-05-01 0 days 2,113 sqft
    2020-06-01 0 days 2,157 sqft
    2020-07-01 0 days 2,131 sqft
    2020-08-01 0 days 2,128 sqft
    2020-09-01 0 days 2,062 sqft
    2020-10-01 0 days 2,060 sqft
    2020-11-01 0 days 2,035 sqft
    2020-12-01 0 days 2,039 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,770 sqft
    2021-03-01 0 days 2,034 sqft
    2021-04-01 0 days 1,828 sqft
    2021-05-01 0 days 1,911 sqft
    2021-06-01 0 days 1,987 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,890 sqft
    2021-09-01 0 days 2,078 sqft
    2021-10-01 0 days 2,188 sqft
    2021-11-01 0 days 2,033 sqft
    2021-12-01 0 days 2,000 sqft
    2022-01-01 0 days 1,964 sqft
    2022-02-01 0 days 2,020 sqft
    2022-03-01 0 days 2,029 sqft
    2022-04-01 0 days 1,979 sqft
    2022-05-01 0 days 1,952 sqft
    2022-06-01 0 days 2,146 sqft
    2022-07-01 0 days 2,124 sqft
    2022-08-01 0 days 2,094 sqft
    2022-09-01 0 days 2,108 sqft
    2022-10-01 0 days 2,019 sqft
    2022-11-01 0 days 2,003 sqft
    2022-12-01 0 days 2,001 sqft
    2023-01-01 0 days 1,973 sqft
    2023-02-01 0 days 1,952 sqft
    2023-03-01 0 days 1,920 sqft
    2023-04-01 0 days 2,060 sqft
    2023-05-01 0 days 2,100 sqft
    2023-06-01 0 days 2,061 sqft
    2023-07-01 0 days 2,070 sqft
    2023-08-01 0 days 2,047 sqft
    2023-09-01 0 days 2,086 sqft
    2023-10-01 0 days 2,072 sqft
    2023-11-01 0 days 2,028 sqft
    2023-12-01 0 days 2,006 sqft
    2024-01-01 0 days 1,971 sqft
    2024-02-01 0 days 1,965 sqft
    2024-03-01 0 days 2,046 sqft
    2024-04-01 0 days 2,047 sqft
    2024-05-01 0 days 2,015 sqft
    2024-06-01 0 days 1,995 sqft
    2024-07-01 0 days 1,945 sqft
    2024-08-01 0 days 1,904 sqft
    2024-09-01 0 days 1,905 sqft
    2024-10-01 0 days 1,907 sqft
    2024-11-01 0 days 1,838 sqft
    2024-12-01 0 days 1,825 sqft
    2025-01-01 0 days 1,826 sqft
    Tullahoma's median listing age (time on market) for 2025-01-01 was 0 days.

    Tullahoma's median square footage for active listings during the 2025-01-01 period was 1,826 sqft. One year prior, the average listing was 1,971 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.