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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.