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 66 lenders originated 320 VA loans during 2024. The total origination value was $110,290,000, with an average VA loan value of $344,656.

Tullahoma VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tullahoma averaged 6.3% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Tullahoma's average VA mortgage closing costs are $6,102.

The average rate for the prior week (2025-03-28) was 6.62% and one month ago for the week of 2025-02-28, the average rate was 6.7%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.29%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 55 6.29% $6,374
QUICKEN LOANS, LLC 21 6.27% $8,775
UNITED WHOLESALE MORTGAGE, LLC 20 5.85% $11,793
FIRST COMMUNITY MORTGAGE, INC. 19 6.25% $9,964
CMG MORTGAGE, INC. 17 6.27% $10,987
FREEDOM MORTGAGE CORPORATION 15 6.42% $6,645
SeaTrust Mortgage Company 10 6.39% $9,270
NEW DAY FINANCIAL, LLC 10 7.46% $11,490
VILLAGE CAPITAL MORTGAGE 10 5.87% $5,954
NAVY FEDERAL CREDIT UNION 9 5.74% $4,687
NEWREZ LLC 8 5.83% $5,240
BROKER SOLUTIONS, INC. 7 6.30% $7,551
PENNYMAC LOAN SERVICES, LLC 6 5.71% $4,937
Flagstar Bank, FSB 4 6.56% $7,411
CROSSCOUNTRY MORTGAGE, LLC 4 6.88% $9,146
USAA Federal Savings Bank 4 6.44% $4,712
ISERVE RESIDENTIAL LENDING, LLC 4 6.25% $4,288
PLANET HOME LENDING, LLC 3 6.24% $13,798
Mr. Cooper ( Nationstar Mortgage ) 3 6.08% $12,700
MOVEMENT MORTGAGE, LLC 3 6.42% $10,942
STOCKTON MORTGAGE CORPORATION 3 6.75% $10,752
FirstBank 3 6.33% $7,956
The First National Bank of Middle Tennessee 3 6.21% $7,793
ACOPIA, LLC 3 6.41% $3,398
Texana Bank 2 5.56% $11,824
AMERISAVE MORTGAGE CORPORATION 2 5.50% $26,138
Century Mortgage Company DBA Century Lending Company 2 6.00% $6,155
CLEARPATH LENDING 2 5.50% $17,859
COMMUNITY MORTGAGE CORPORATION 2 6.00% $3,147
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $13,308
First Federal Bank 2 5.19% $5,901
HOMESIDE FINANCIAL, LLC 2 6.56% $13,094
LOANDEPOT.COM, LLC 2 5.49% $19,187
Renasant Bank 2 6.69% $13,286
The Federal Savings Bank 2 5.63% $25,865
U.S. Bank 2 6.44% $7,478
NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $10,765
LOANFLIGHT LENDING, LLC 1 6.25% $1,864
Leaders Credit Union 1 5.75% $13,200
LAKEVIEW LOAN SERVICING, LLC 1 6.25% $2,412
PENTAGON FEDERAL CREDIT UNION 1 6.25% $4,177
PHH Mortgage Corporation 1 7.13% $5,678
Pinnacle Bank 1 5.75% $11,795
Hometown Equity Mortgage, LLC 1 5.75% $15,649
Presidential Bank, FSB 1 6.00% $4,227
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $1,252
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $8,316
GUARANTEED RATE, INC. 1 6.38% $1,327
REDSTONE Federal Credit Union 1 6.50% $4,208
Regions Bank 1 6.13% $15,108
Ameris Bank 1 6.00% $5,484
RESOURCE FINANCIAL SERVICES, INC. 1 5.75% $2,124
GoPrime Mortgage, Inc. 1 6.50% $7,694
SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $11,192
SmartBank 1 5.63% $801
Credence Funding Corporation 1 6.13% $2,653
SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $11,963
Capital City Home Loans, LLC 1 6.63% $7,563
AMERICAN FINANCIAL NETWORK, INC. 1 5.25% $7,282
CANOPY MORTGAGE, LLC 1 5.75% $10,164
TJC Mortgage, Inc. 1 7.25% $20,978
Tyndall Federal Credit Union 1 5.75% $10,208
Barrington Bank & Trust Company, N.A. 1 5.75% $16,301
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.00% $5,958
Nations Lending Corporation 1 6.00% $57,814
Magnolia Bank 1 5.38% $26,288

The top Tullahoma VA lender as defined by loan originations is Mortgage Research Center, LLC, with 55 VA loans originated. Their average total fees are $6,374, which is $2,401 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Tullahoma VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($5,954), Mortgage Research Center, LLC ($6,374), FREEDOM MORTGAGE CORPORATION ($6,645), QUICKEN LOANS, LLC ($8,775) and SeaTrust Mortgage Company ($9,270).

The lowest rate Tullahoma VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.85%), VILLAGE CAPITAL MORTGAGE (5.87%), FIRST COMMUNITY MORTGAGE, INC. (6.25%), QUICKEN LOANS, LLC (6.27%) and CMG MORTGAGE, INC. (6.27%).


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
2025-02-01 $374,425 (-6.0%) $456,111 (-4.7%) 0.00 274
2025-03-01 $375,000 (-8.0%) $452,177 (-8.4%) 0.00 285
Tullahoma's median listing price for 2025-03-01 was $375,000, a difference of $-32,450 (-8.0%) versus the prior year and $575 versus the prior month.

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

Tullahoma's average listing price for 2025-03-01 was $452,177, a difference of $-41,378 (-8.4%) versus the prior year and $-3,934 versus the prior month.

For the 2025-03-01 period, Tullahoma had 285 MLS listings, a difference of 11 listings (4%) versus the prior month and 113 listings (66%) 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
2025-02-01 0 days 1,877 sqft
2025-03-01 0 days 1,887 sqft
Tullahoma's median listing age (time on market) for 2025-03-01 was 0 days.

Tullahoma's median square footage for active listings during the 2025-03-01 period was 1,887 sqft. One year prior, the average listing was 2,046 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.