Albany VA Loan Rates, Closing Costs & Stats
ALBANY, GA
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 40 lenders originated 238 VA loans during 2023. The total origination value was $58,870,000, with an average VA loan value of $247,353.
Albany VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Albany
averaged
6.87%
for the week of 2025-02-07, compared to the national average (all VA variants) of
6.362% for the same period.
Albany's average VA mortgage closing costs are $4,398.
The average rate for the prior week (2025-01-31) was
6.5% and
one month ago for the week of 2025-01-03, the
average rate was 6.78%.
The average rate one year ago was 6.63%.
For refis of the same type during the week of 2025-02-07, the average rate
was 6.36%.
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.
The top Albany VA lender as defined by loan originations is Mortgage Research Center, LLC, with
79 VA loans originated. Their average total fees are
$3,746, which is $7,635
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Albany VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,643), Mortgage Research Center, LLC ($3,746), QUICKEN LOANS, LLC ($11,382), .
The lowest rate Albany VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION (5.72%), QUICKEN LOANS, LLC (6.08%), Mortgage Research Center, LLC (6.95%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Albany (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 | $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%) | 0.43 | 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%) | 0.42 | 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%) | 0.54 | 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%) | 0.42 | 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%) | 0.37 | 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%) | 0.00 | 386 |
Albany's median listing price comes in at 0% of the national average.
Albany's average listing price for 2025-01-01 was $243,246, a difference of $-38,677 (-13.7%) versus the prior year and $-1,733 versus the prior month.
For the 2025-01-01 period, Albany had 386 MLS listings, a difference of 16 listings (4%) versus the prior month and 147 listings (62%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Albany (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 89 days | 1,806 sqft |
2020-01-01 | 95 days | 1,805 sqft |
2020-02-01 | 87 days | 1,823 sqft |
2020-03-01 | 61 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 | 73 days | 1,825 sqft |
2023-02-01 | 59 days | 1,725 sqft |
2023-03-01 | 49 days | 1,846 sqft |
2023-04-01 | 51 days | 1,883 sqft |
2023-05-01 | 48 days | 1,871 sqft |
2023-06-01 | 43 days | 1,897 sqft |
2023-07-01 | 44 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 | 81 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 | 0 days | 1,668 sqft |
Albany's median square footage for active listings during the 2025-01-01 period was 1,668 sqft. One year prior, the average listing was 1,713 sqft.