Chattanooga VA Loan Rates, Closing Costs & Stats

CHATTANOOGA, TN-GA

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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.

    Chattanooga's 115 lenders originated 1,044 VA loans during 2024. The total origination value was $361,920,000, with an average VA loan value of $346,667.

    Chattanooga VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Chattanooga averaged 6.62% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Chattanooga's average VA mortgage closing costs are $6,311.

    The average rate for the prior week (2025-07-11) was 6.71% and one month ago for the week of 2025-06-13, the average rate was 6.68%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.66%.

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

    Chattanooga 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 Chattanooga level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 174 6.41% $5,055
    UNITED WHOLESALE MORTGAGE, LLC 93 5.80% $9,185
    QUICKEN LOANS, LLC 72 6.14% $10,212
    MOVEMENT MORTGAGE, LLC 58 6.17% $7,176
    FREEDOM MORTGAGE CORPORATION 50 6.30% $9,939
    UNION HOME MORTGAGE CORP. 41 6.23% $8,650
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 30 6.45% $9,512
    PENNYMAC LOAN SERVICES, LLC 30 5.68% $9,094
    CMG MORTGAGE, INC. 26 6.60% $11,249
    NAVY FEDERAL CREDIT UNION 23 6.01% $5,593
    MORTGAGE INVESTORS GROUP, INC. 19 6.13% $6,152
    NEW DAY FINANCIAL, LLC 18 7.44% $13,892
    VILLAGE CAPITAL MORTGAGE 15 5.60% $5,092
    NEWREZ LLC 13 5.68% $10,188
    DHI MORTGAGE COMPANY, LTD. 13 5.48% $7,003
    FirstBank 13 6.38% $6,305
    GUARANTEED RATE, INC. 12 6.19% $6,457
    LOANDEPOT.COM, LLC 12 6.58% $12,155
    PLANET HOME LENDING, LLC 11 6.03% $5,098
    LEADERONE FINANCIAL CORPORATION 11 6.59% $12,301
    USAA Federal Savings Bank 11 6.26% $7,504
    SUMMIT FUNDING, INC. 10 6.67% $12,204
    LAKEVIEW LOAN SERVICING, LLC 10 5.75% $8,132
    BROKER SOLUTIONS, INC. 9 6.39% $10,973
    ALAMEDA MORTGAGE CORPORATION 9 6.48% $9,103
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.23% $7,343
    TENNESSEE VALLEY 7 6.27% $7,376
    CLEARPATH LENDING 7 5.87% $6,248
    CROSSCOUNTRY MORTGAGE, LLC 7 6.43% $5,315
    GUILD MORTGAGE COMPANY 7 6.02% $9,685
    The Federal Savings Bank 7 6.32% $15,297
    STOCKTON MORTGAGE CORPORATION 6 6.77% $9,658
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.29% $8,605
    COMMUNITY MORTGAGE CORPORATION 6 6.19% $10,044
    Barrington Bank & Trust Company, N.A. 6 6.25% $5,115
    First Citizens National Bank 5 5.85% $6,811
    Mr. Cooper ( Nationstar Mortgage ) 5 6.08% $5,571
    Carrington Mortgage Services, LLC 5 5.73% $9,196
    PHH Mortgage Corporation 4 6.18% $6,883
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.19% $11,861
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 5.97% $8,783
    NBKC BANK 4 5.84% $7,198
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.31% $12,015
    INTERCOASTAL MORTGAGE COMPANY 4 6.63% $7,489
    Renasant Bank 3 5.79% $9,350
    AmeriHome Mortgage Company, LLC 3 5.96% $5,823
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.75% $4,561
    AMERISAVE MORTGAGE CORPORATION 3 5.21% $10,067
    SUN WEST MORTGAGE COMPANY, INC. 3 5.96% $11,635
    Flagstar Bank, FSB 3 5.93% $6,941
    Mid-Continent Funding, Inc. 3 6.33% $10,440
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.46% $10,819
    CARDINAL FINANCIAL 3 6.75% $17,649
    Truist 3 6.43% $9,793
    LOANPAL, LLC 3 5.88% $12,465
    Wolfe Financial, Inc 2 6.25% $14,012
    AMERICAN FINANCIAL NETWORK, INC. 2 6.50% $12,699
    BancorpSouth 2 6.44% $4,311
    CHURCHILL MORTGAGE CORPORATION 2 6.44% $7,050
    Citizens Tri-County Bank 2 6.50% $6,287
    Cornerstone First Mortgage, Inc 2 6.56% $7,159
    DIRECT MORTGAGE, CORP. 2 6.19% $6,006
    Equity Prime Mortgage LLC 2 6.50% $18,453
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $740
    First Federal Bank 2 5.94% $8,831
    First Horizon Bank 2 6.06% $10,984
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.88% $5,832
    Magnolia Bank 2 6.06% $13,405
    NFM, INC. 2 6.44% $6,745
    Paramount Residential Mortgage Group, Inc. 2 6.63% $19,861
    Pinnacle Bank 2 6.25% $4,675
    Plains Commerce Bank 2 5.94% $11,967
    PLAZA HOME MORTGAGE, INC. 2 6.31% $12,948
    RELIANCE FIRST CAPITAL, LLC 2 6.94% $9,752
    ROSS MORTGAGE CORPORATION 2 6.44% $8,918
    TJC Mortgage, Inc. 2 5.81% $10,439
    VAN DYK MORTGAGE CORPORATION 2 5.63% $5,770
    Wells Fargo Bank 2 5.81% $2,382
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $2,945
    JPMorgan Chase Bank 1 6.75% $8,879
    AMERICAN FINANCING CORPORATION 1 6.00% $13,876
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $3,237
    HOMESIDE FINANCIAL, LLC 1 7.25% $11,150
    U.S. Bank 1 6.13% $6,312
    PREMIA MORTGAGE, LLC 1 5.63% $9,690
    Gateway First Bank 1 6.75% $0
    FBC MORTGAGE, LLC 1 5.75% $6,097
    Regions Bank 1 6.25% $2,919
    ACOPIA, LLC 1 5.63% $7,874
    ENVOY MORTGAGE, LTD 1 6.00% $20,025
    VERITAS FUNDING, LLC 1 5.75% $22,032
    SeaTrust Mortgage Company 1 5.63% $6,540
    SIRVA MORTGAGE, INC. 1 6.38% $1,915
    SmartBank 1 5.63% $12,425
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $0
    ENDEAVOR CAPITAL, LLC. 1 6.75% $16,599
    DIRECT LENDERS, LLC 1 6.13% $4,522
    Credence Funding Corporation 1 5.63% $4,675
    COMPASS MORTGAGE, INC. 1 6.75% $16,469
    Capital City Home Loans, LLC 1 5.75% $13,047
    The Central Trust Bank 1 5.75% $22,617
    CANOPY MORTGAGE, LLC 1 6.75% $11,831
    ALLIANT CREDIT UNION 1 5.75% $2,644
    TOWNE MORTGAGE COMPANY 1 6.00% $8,786
    BANKSOUTH MORTGAGE COMPANY, LLC 1 5.75% $7,120
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $12,628
    M&T Bank 1 6.75% $4,783
    MILEND, INC. 1 6.63% $9,778
    Legacy Home Loans, LLC 1 6.75% $6,971
    AXIA FINANCIAL, LLC 1 5.75% $6,490
    OCEANSIDE MORTGAGE COMPANY 1 6.63% $2,277
    Pacific Lending LLC 1 6.00% $16,043
    PANORAMA MORTGAGE GROUP, LLC 1 6.75% $4,153
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 5.75% $11,815
    KeyBank 1 6.25% $9,901

    The top Chattanooga VA lender as defined by loan originations is Mortgage Research Center, LLC, with 174 VA loans originated. Their average total fees are $5,055, which is $4,129 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Chattanooga VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,055), VILLAGE CAPITAL MORTGAGE ($5,092), PLANET HOME LENDING, LLC ($5,098), NAVY FEDERAL CREDIT UNION ($5,593) and MORTGAGE INVESTORS GROUP, INC. ($6,152).

    The lowest rate Chattanooga VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.48%), VILLAGE CAPITAL MORTGAGE (5.60%), NEWREZ LLC (5.68%), PENNYMAC LOAN SERVICES, LLC (5.68%) and LAKEVIEW LOAN SERVICING, LLC (5.75%).

    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.