Albany VA Loan Rates, Closing Costs & Stats

ALBANY, 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.

    Albany's 57 lenders originated 331 VA loans during 2024. The total origination value was $85,065,000, with an average VA loan value of $256,994.

    Albany VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Albany averaged 6.7% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Albany's average VA mortgage closing costs are $4,566.

    The average rate for the prior week (2025-05-16) was 6.99% and one month ago for the week of 2025-04-18, the average rate was 6.66%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.6%.

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

    Albany 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 Albany level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 76 6.44% $3,885
    NAVY FEDERAL CREDIT UNION 26 6.00% $4,577
    UNITED WHOLESALE MORTGAGE, LLC 22 6.09% $5,738
    QUICKEN LOANS, LLC 19 6.13% $7,821
    FREEDOM MORTGAGE CORPORATION 18 6.12% $7,201
    NEW DAY FINANCIAL, LLC 14 7.64% $8,287
    USAA Federal Savings Bank 13 6.12% $6,460
    Flagstar Bank, FSB 10 6.68% $3,980
    Barrington Bank & Trust Company, N.A. 9 6.42% $4,515
    PENNYMAC LOAN SERVICES, LLC 8 5.77% $7,095
    Renasant Bank 6 6.63% $5,675
    BROKER SOLUTIONS, INC. 5 6.23% $10,521
    VILLAGE CAPITAL MORTGAGE 5 6.20% $5,419
    The Federal Savings Bank 5 6.70% $14,052
    CANOPY MORTGAGE, LLC 4 5.87% $10,631
    Synovus Bank 4 6.06% $5,925
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.34% $5,688
    Mr. Cooper ( Nationstar Mortgage ) 3 6.08% $6,177
    CLEARPATH LENDING 3 5.92% $1,589
    Colony Bank 3 6.50% $586
    AMERICAN FINANCIAL NETWORK, INC. 2 6.50% $3,020
    Credence Funding Corporation 2 5.56% $5,143
    Equity Prime Mortgage LLC 2 7.56% $5,598
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.56% $3,038
    LAKEVIEW LOAN SERVICING, LLC 2 5.44% $4,140
    LOANDEPOT.COM, LLC 2 6.81% $9,179
    NEWREZ LLC 2 6.00% $3,531
    Paramount Residential Mortgage Group, Inc. 2 6.69% $6,052
    PLANET HOME LENDING, LLC 2 6.12% $3,420
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $13,218
    Mid-Continent Funding, Inc. 1 5.75% $2,013
    FIRST COLONY MORTGAGE CORPORATION 1 6.13% $8,223
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $1,237
    CMG MORTGAGE, INC. 1 6.13% $22,444
    Carrington Mortgage Services, LLC 1 5.63% $2,314
    NBKC BANK 1 5.38% $0
    CARDINAL FINANCIAL 1 6.75% $11,278
    AMERICAN FINANCING CORPORATION 1 5.75% $1,222
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $5,092
    Capital City Home Loans, LLC 1 7.63% $12,656
    ZILLOW HOME LOANS, LLC 1 6.63% $1,005
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.13% $4,463
    Ameris Bank 1 6.25% $8,134
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $4,020
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.25% $14,962
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.99% $3,160
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $9,756
    Texana Bank 1 6.49% $1,304
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $8,000
    THE MORTGAGE FIRM, INC. 1 7.13% $650
    TOWNE MORTGAGE COMPANY 1 7.25% $6,594
    GENEVA FINANCIAL, LLC 1 6.13% $3,350
    GUARANTEED RATE AFFINITY, LLC 1 6.18% $755
    Truist 1 5.75% $780
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $4,548
    Lakeview Community Capital, LLC 1 6.25% $1,436
    United Community Bank 1 4.50% $2,621

    The top Albany VA lender as defined by loan originations is Mortgage Research Center, LLC, with 76 VA loans originated. Their average total fees are $3,885, which is $691 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Albany VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,885), Flagstar Bank, FSB ($3,980), NAVY FEDERAL CREDIT UNION ($4,577), UNITED WHOLESALE MORTGAGE, LLC ($5,738) and USAA Federal Savings Bank ($6,460).

    The lowest rate Albany VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (6.00%), UNITED WHOLESALE MORTGAGE, LLC (6.09%), USAA Federal Savings Bank (6.12%), FREEDOM MORTGAGE CORPORATION (6.12%) and QUICKEN LOANS, LLC (6.13%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albany (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 $119,900 (4.3%) $150,518 (9.8%) 0.44 581
    2018-02-01 $119,900 (4.3%) $154,222 (13.2%) 0.44 581
    2018-03-01 $124,000 (7.4%) $154,431 (8.4%) 0.44 603
    2018-04-01 $129,900 (9.3%) $161,849 (9.1%) 0.44 590
    2018-05-01 $129,900 (8.3%) $164,043 (5.0%) 0.43 589
    2018-06-01 $129,900 (0.4%) $163,899 (2.1%) 0.43 602
    2018-07-01 $122,500 (-4.3%) $155,992 (-1.6%) 0.41 612
    2018-08-01 $128,950 (-0.8%) $157,633 (-3.7%) 0.43 593
    2018-09-01 $125,000 (-3.8%) $156,084 (-4.3%) 0.42 619
    2018-10-01 $126,375 (-1.0%) $155,465 (-3.3%) 0.43 608
    2018-11-01 $122,450 (-5.4%) $152,829 (-1.2%) 0.42 597
    2018-12-01 $118,450 (-5.2%) $149,094 (-1.8%) 0.41 560
    2019-01-01 $116,900 (-2.5%) $147,935 (-1.7%) 0.40 494
    2019-02-01 $116,258 (-3.0%) $146,725 (-4.9%) 0.39 485
    2019-03-01 $118,329 (-4.6%) $148,143 (-4.1%) 0.39 487
    2019-04-01 $118,479 (-8.8%) $149,058 (-7.9%) 0.38 498
    2019-05-01 $115,975 (-10.7%) $148,259 (-9.6%) 0.36 511
    2019-06-01 $116,500 (-10.3%) $147,950 (-9.7%) 0.36 538
    2019-07-01 $122,500 (0.0%) $151,270 (-3.0%) 0.38 583
    2019-08-01 $119,950 (-7.0%) $150,577 (-4.5%) 0.38 595
    2019-09-01 $119,950 (-4.0%) $151,191 (-3.1%) 0.38 565
    2019-10-01 $119,950 (-5.1%) $151,802 (-2.4%) 0.39 528
    2019-11-01 $129,425 (5.7%) $157,693 (3.2%) 0.42 488
    2019-12-01 $134,950 (13.9%) $161,718 (8.5%) 0.45 457
    2020-01-01 $134,275 (14.9%) $160,107 (8.2%) 0.45 421
    2020-02-01 $135,000 (16.1%) $160,393 (9.3%) 0.44 432
    2020-03-01 $131,950 (11.5%) $159,265 (7.5%) 0.41 449
    2020-04-01 $134,900 (13.9%) $162,162 (8.8%) 0.42 432
    2020-05-01 $135,000 (16.4%) $163,444 (10.2%) 0.41 408
    2020-06-01 $137,425 (18.0%) $170,244 (15.1%) 0.40 358
    2020-07-01 $138,075 (12.7%) $169,935 (12.3%) 0.40 292
    2020-08-01 $135,000 (12.6%) $167,876 (11.5%) 0.39 280
    2020-09-01 $142,250 (18.6%) $181,411 (20.0%) 0.41 265
    2020-10-01 $149,900 (25.0%) $184,503 (21.5%) 0.43 280
    2020-11-01 $145,000 (12.0%) $181,726 (15.2%) 0.42 252
    2020-12-01 $144,000 (6.7%) $184,724 (14.2%) 0.43 254
    2021-01-01 $144,950 (8.0%) $185,940 (16.1%) 0.43 236
    2021-02-01 $138,875 (2.9%) $179,597 (12.0%) 0.40 228
    2021-03-01 $122,850 (-6.9%) $171,325 (7.6%) 0.35 217
    2021-04-01 $119,975 (-11.1%) $163,593 (0.9%) 0.32 208
    2021-05-01 $110,000 (-18.5%) $166,599 (1.9%) 0.29 193
    2021-06-01 $127,475 (-7.2%) $167,394 (-1.7%) 0.34 193
    2021-07-01 $133,500 (-3.3%) $168,435 (-0.9%) 0.35 210
    2021-08-01 $126,525 (-6.3%) $163,146 (-2.8%) 0.34 225
    2021-09-01 $139,900 (-1.7%) $169,552 (-6.5%) 0.37 246
    2021-10-01 $139,900 (-6.7%) $166,621 (-9.7%) 0.37 212
    2021-11-01 $134,475 (-7.3%) $168,312 (-7.4%) 0.36 219
    2021-12-01 $117,500 (-18.4%) $152,919 (-17.2%) 0.32 221
    2022-01-01 $115,000 (-20.7%) $157,188 (-15.5%) 0.31 180
    2022-02-01 $129,200 (-7.0%) $195,534 (8.9%) 0.34 166
    2022-03-01 $139,000 (13.2%) $193,709 (13.1%) 0.35 166
    2022-04-01 $173,000 (44.2%) $210,329 (28.6%) 0.41 174
    2022-05-01 $173,725 (57.9%) $215,800 (29.5%) 0.40 177
    2022-06-01 $180,600 (41.7%) $222,729 (33.1%) 0.40 195
    2022-07-01 $189,900 (42.3%) $232,258 (37.9%) 0.43 230
    2022-08-01 $208,750 (65.0%) $235,817 (44.5%) 0.48 235
    2022-09-01 $199,925 (42.9%) $250,151 (47.5%) 0.47 247
    2022-10-01 $209,900 (50.0%) $238,936 (43.4%) 0.49 249
    2022-11-01 $222,225 (65.3%) $241,099 (43.3%) 0.53 260
    2022-12-01 $199,900 (70.1%) $229,206 (49.9%) 0.49 252
    2023-01-01 $189,225 (64.5%) $223,901 (42.4%) 0.47 234
    2023-02-01 $171,125 (32.5%) $231,676 (18.5%) 0.41 238
    2023-03-01 $199,675 (43.7%) $252,005 (30.1%) 0.47 200
    2023-04-01 $217,450 (25.7%) $256,715 (22.1%) 0.51 186
    2023-05-01 $217,475 (25.2%) $285,043 (32.1%) 0.49 178
    2023-06-01 $226,350 (25.3%) $307,836 (38.2%) 0.51 192
    2023-07-01 $225,000 (18.5%) $292,936 (26.1%) 0.51 215
    2023-08-01 $212,450 (1.8%) $290,179 (23.1%) 0.49 249
    2023-09-01 $213,000 (6.5%) $288,794 (15.5%) 0.50 272
    2023-10-01 $200,000 (-4.7%) $284,187 (18.9%) 0.47 262
    2023-11-01 $200,000 (-10.0%) $250,693 (4.0%) 0.48 279
    2023-12-01 $200,000 (0.1%) $245,141 (7.0%) 0.49 264
    2024-01-01 $200,000 (5.7%) $281,923 (25.9%) 0.49 239
    2024-02-01 $205,000 (19.8%) $267,991 (15.7%) 0.49 264
    2024-03-01 $177,500 (-11.1%) $243,262 (-3.5%) 0.42 334
    2024-04-01 $183,750 (-15.5%) $247,463 (-3.6%) 0.43 327
    2024-05-01 $166,950 (-23.2%) $245,898 (-13.7%) 0.38 354
    2024-06-01 $189,900 (-16.1%) $239,676 (-22.1%) 0.43 464
    2024-07-01 $192,688 (-14.4%) $238,428 (-18.6%) 0.44 405
    2024-08-01 $199,500 (-6.1%) $235,673 (-18.8%) 0.46 389
    2024-09-01 $199,950 (-6.1%) $239,043 (-17.2%) 0.47 394
    2024-10-01 $193,475 (-3.3%) $240,925 (-15.2%) 0.46 405
    2024-11-01 $194,500 (-2.8%) $238,493 (-4.9%) 0.47 419
    2024-12-01 $199,900 (-0.1%) $244,979 (-0.1%) 0.50 370
    2025-01-01 $189,475 (-5.3%) $243,246 (-13.7%) 0.47 386
    2025-02-01 $180,267 (-12.1%) $240,802 (-10.2%) 0.44 389
    2025-03-01 $188,950 (6.5%) $249,182 (2.4%) 0.44 397
    2025-04-01 $192,975 (5.0%) $251,325 (1.6%) 0.45 399
    Albany's median listing price for 2025-04-01 was $192,975, a difference of $9,225 (5.0%) versus the prior year and $4,025 versus the prior month.

    Albany's median listing price comes in at 45% of the national average.

    Albany's average listing price for 2025-04-01 was $251,325, a difference of $3,862 (1.6%) versus the prior year and $2,143 versus the prior month.

    For the 2025-04-01 period, Albany had 399 MLS listings, a difference of 2 listings (1%) versus the prior month and 72 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albany (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 88 days 1,813 sqft
    2018-02-01 86 days 1,840 sqft
    2018-03-01 73 days 1,836 sqft
    2018-04-01 70 days 1,857 sqft
    2018-05-01 73 days 1,848 sqft
    2018-06-01 75 days 1,839 sqft
    2018-07-01 73 days 1,784 sqft
    2018-08-01 75 days 1,802 sqft
    2018-09-01 79 days 1,825 sqft
    2018-10-01 96 days 1,809 sqft
    2018-11-01 97 days 1,800 sqft
    2018-12-01 107 days 1,765 sqft
    2019-01-01 118 days 1,783 sqft
    2019-02-01 108 days 1,753 sqft
    2019-03-01 88 days 1,737 sqft
    2019-04-01 68 days 1,725 sqft
    2019-05-01 68 days 1,721 sqft
    2019-06-01 61 days 1,707 sqft
    2019-07-01 59 days 1,705 sqft
    2019-08-01 68 days 1,711 sqft
    2019-09-01 79 days 1,734 sqft
    2019-10-01 90 days 1,752 sqft
    2019-11-01 95 days 1,784 sqft
    2019-12-01 90 days 1,806 sqft
    2020-01-01 95 days 1,805 sqft
    2020-02-01 87 days 1,823 sqft
    2020-03-01 62 days 1,800 sqft
    2020-04-01 65 days 1,804 sqft
    2020-05-01 78 days 1,823 sqft
    2020-06-01 91 days 1,843 sqft
    2020-07-01 81 days 1,837 sqft
    2020-08-01 58 days 1,826 sqft
    2020-09-01 59 days 1,912 sqft
    2020-10-01 50 days 1,893 sqft
    2020-11-01 54 days 1,910 sqft
    2020-12-01 61 days 1,901 sqft
    2021-01-01 72 days 1,916 sqft
    2021-02-01 63 days 1,875 sqft
    2021-03-01 42 days 1,734 sqft
    2021-04-01 37 days 1,657 sqft
    2021-05-01 52 days 1,640 sqft
    2021-06-01 44 days 1,700 sqft
    2021-07-01 38 days 1,667 sqft
    2021-08-01 40 days 1,614 sqft
    2021-09-01 41 days 1,670 sqft
    2021-10-01 48 days 1,645 sqft
    2021-11-01 42 days 1,658 sqft
    2021-12-01 50 days 1,541 sqft
    2022-01-01 53 days 1,580 sqft
    2022-02-01 48 days 1,607 sqft
    2022-03-01 54 days 1,639 sqft
    2022-04-01 33 days 1,652 sqft
    2022-05-01 38 days 1,687 sqft
    2022-06-01 30 days 1,755 sqft
    2022-07-01 32 days 1,790 sqft
    2022-08-01 45 days 1,875 sqft
    2022-09-01 52 days 1,780 sqft
    2022-10-01 50 days 1,812 sqft
    2022-11-01 64 days 1,846 sqft
    2022-12-01 73 days 1,827 sqft
    2023-01-01 74 days 1,825 sqft
    2023-02-01 57 days 1,725 sqft
    2023-03-01 48 days 1,846 sqft
    2023-04-01 50 days 1,883 sqft
    2023-05-01 48 days 1,871 sqft
    2023-06-01 43 days 1,897 sqft
    2023-07-01 43 days 1,949 sqft
    2023-08-01 38 days 1,897 sqft
    2023-09-01 44 days 1,816 sqft
    2023-10-01 56 days 1,806 sqft
    2023-11-01 65 days 1,771 sqft
    2023-12-01 79 days 1,747 sqft
    2024-01-01 81 days 1,713 sqft
    2024-02-01 57 days 1,759 sqft
    2024-03-01 31 days 1,625 sqft
    2024-04-01 61 days 1,657 sqft
    2024-05-01 77 days 1,668 sqft
    2024-06-01 61 days 1,667 sqft
    2024-07-01 80 days 1,634 sqft
    2024-08-01 78 days 1,601 sqft
    2024-09-01 74 days 1,629 sqft
    2024-10-01 78 days 1,654 sqft
    2024-11-01 71 days 1,678 sqft
    2024-12-01 80 days 1,720 sqft
    2025-01-01 90 days 1,668 sqft
    2025-02-01 92 days 1,617 sqft
    2025-03-01 61 days 1,660 sqft
    2025-04-01 73 days 1,671 sqft
    Albany's median listing age (time on market) for 2025-04-01 was 73 days. This is 20% longer than the same period one year ago.

    Albany's median square footage for active listings during the 2025-04-01 period was 1,671 sqft. One year prior, the average listing was 1,657 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.