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
6.1%
for the week of 2024-10-04, compared to the national average (all VA variants) of
5.596% for the same period.
Albany's average VA mortgage closing costs are $4,398.
The average rate for the prior week (2024-09-27) was
5.83% and
one month ago for the week of 2024-08-30, the
average rate was 6.05%.
The average rate one year ago was 7.59%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.8%.
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 | $119,964 (-7.0%) | $150,636 (-4.4%) | 0.38 | 595 |
2019-09-01 | $119,984 (-4.0%) | $151,339 (-3.0%) | 0.38 | 564 |
2019-10-01 | $119,998 (-5.1%) | $152,021 (-2.2%) | 0.39 | 527 |
2019-11-01 | $129,900 (6.1%) | $157,943 (3.4%) | 0.43 | 487 |
2019-12-01 | $134,950 (13.9%) | $161,995 (8.7%) | 0.45 | 456 |
2020-01-01 | $134,925 (15.4%) | $160,396 (8.4%) | 0.45 | 420 |
2020-02-01 | $135,000 (16.1%) | $160,675 (9.5%) | 0.44 | 431 |
2020-03-01 | $132,450 (11.9%) | $159,535 (7.7%) | 0.42 | 448 |
2020-04-01 | $134,900 (13.9%) | $162,451 (9.0%) | 0.42 | 431 |
2020-05-01 | $135,000 (16.4%) | $163,307 (10.2%) | 0.41 | 406 |
2020-06-01 | $137,425 (18.0%) | $170,124 (15.0%) | 0.40 | 356 |
2020-07-01 | $137,450 (12.2%) | $169,379 (12.0%) | 0.40 | 291 |
2020-08-01 | $135,000 (12.5%) | $167,279 (11.1%) | 0.39 | 279 |
2020-09-01 | $142,100 (18.4%) | $180,815 (19.5%) | 0.41 | 264 |
2020-10-01 | $149,900 (24.9%) | $184,503 (21.4%) | 0.43 | 279 |
2020-11-01 | $145,000 (11.6%) | $181,726 (15.1%) | 0.42 | 252 |
2020-12-01 | $144,000 (6.7%) | $184,724 (14.0%) | 0.43 | 254 |
2021-01-01 | $144,950 (7.4%) | $185,940 (15.9%) | 0.43 | 236 |
2021-02-01 | $138,875 (2.9%) | $179,597 (11.8%) | 0.40 | 228 |
2021-03-01 | $122,850 (-7.3%) | $171,325 (7.4%) | 0.35 | 217 |
2021-04-01 | $119,975 (-11.1%) | $163,593 (0.7%) | 0.32 | 208 |
2021-05-01 | $110,000 (-18.5%) | $166,599 (2.0%) | 0.29 | 193 |
2021-06-01 | $127,475 (-7.2%) | $167,394 (-1.6%) | 0.34 | 193 |
2021-07-01 | $133,500 (-2.9%) | $168,435 (-0.6%) | 0.35 | 210 |
2021-08-01 | $126,525 (-6.3%) | $163,146 (-2.5%) | 0.34 | 225 |
2021-09-01 | $139,900 (-1.6%) | $169,552 (-6.2%) | 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%) | $238,467 (43.1%) | 0.49 | 249 |
2022-11-01 | $223,500 (66.2%) | $242,190 (43.9%) | 0.54 | 260 |
2022-12-01 | $199,900 (70.1%) | $230,487 (50.7%) | 0.49 | 253 |
2023-01-01 | $189,900 (65.1%) | $225,423 (43.4%) | 0.47 | 235 |
2023-02-01 | $172,350 (33.4%) | $233,076 (19.2%) | 0.42 | 240 |
2023-03-01 | $199,675 (43.7%) | $251,808 (30.0%) | 0.47 | 200 |
2023-04-01 | $219,900 (27.1%) | $257,606 (22.5%) | 0.51 | 186 |
2023-05-01 | $217,625 (25.3%) | $285,819 (32.5%) | 0.49 | 179 |
2023-06-01 | $227,450 (25.9%) | $308,485 (38.5%) | 0.51 | 193 |
2023-07-01 | $225,000 (18.5%) | $293,619 (26.4%) | 0.51 | 216 |
2023-08-01 | $212,675 (1.9%) | $290,822 (23.3%) | 0.49 | 250 |
2023-09-01 | $213,000 (6.5%) | $288,794 (15.5%) | 0.50 | 272 |
2023-10-01 | $200,000 (-4.7%) | $284,187 (19.2%) | 0.47 | 262 |
2023-11-01 | $200,000 (-10.5%) | $250,693 (3.5%) | 0.48 | 279 |
2023-12-01 | $200,000 (0.1%) | $245,141 (6.4%) | 0.49 | 264 |
2024-01-01 | $200,000 (5.3%) | $281,476 (24.9%) | 0.49 | 239 |
2024-02-01 | $205,000 (18.9%) | $267,991 (15.0%) | 0.49 | 264 |
2024-03-01 | $177,500 (-11.1%) | $243,262 (-3.4%) | 0.42 | 334 |
2024-04-01 | $183,750 (-16.4%) | $247,463 (-3.9%) | 0.43 | 327 |
2024-05-01 | $164,900 (-24.2%) | $245,898 (-14.0%) | 0.37 | 354 |
2024-06-01 | $189,900 (-16.5%) | $239,240 (-22.5%) | 0.43 | 464 |
2024-07-01 | $191,563 (-14.9%) | $238,428 (-18.8%) | 0.44 | 405 |
2024-08-01 | $199,500 (-6.2%) | $235,673 (-19.0%) | 0.46 | 389 |
2024-09-01 | $199,950 (-6.1%) | $239,043 (-17.2%) | 0.00 | 394 |
Albany's median listing price comes in at 0% of the national average.
Albany's average listing price for 2024-09-01 was $239,043, a difference of $-49,751 (-17.2%) versus the prior year and $3,370 versus the prior month.
For the 2024-09-01 period, Albany had 394 MLS listings, a difference of 5 listings (1%) versus the prior month and 122 listings (45%) 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 | 1,814 sqft |
2018-02-01 | 86 days | 1,841 sqft |
2018-03-01 | 73 days | 1,840 sqft |
2018-04-01 | 70 days | 1,859 sqft |
2018-05-01 | 73 days | 1,848 sqft |
2018-06-01 | 75 days | 1,840 sqft |
2018-07-01 | 73 days | 1,785 sqft |
2018-08-01 | 75 days | 1,803 sqft |
2018-09-01 | 79 days | 1,825 sqft |
2018-10-01 | 96 days | 1,810 sqft |
2018-11-01 | 97 days | 1,800 sqft |
2018-12-01 | 107 days | 1,765 sqft |
2019-01-01 | 118 days | 1,786 sqft |
2019-02-01 | 108 days | 1,755 sqft |
2019-03-01 | 88 days | 1,740 sqft |
2019-04-01 | 68 days | 1,731 sqft |
2019-05-01 | 68 days | 1,723 sqft |
2019-06-01 | 61 days | 1,708 sqft |
2019-07-01 | 59 days | 1,705 sqft |
2019-08-01 | 68 days | 1,711 sqft |
2019-09-01 | 79 days | 1,735 sqft |
2019-10-01 | 90 days | 1,753 sqft |
2019-11-01 | 95 days | 1,785 sqft |
2019-12-01 | 89 days | 1,806 sqft |
2020-01-01 | 95 days | 1,806 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 | 1,848 sqft |
2020-07-01 | 81 days | 1,837 sqft |
2020-08-01 | 58 days | 1,825 sqft |
2020-09-01 | 59 days | 1,914 sqft |
2020-10-01 | 50 days | 1,894 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 | 1,847 sqft |
2022-12-01 | 73 days | 1,828 sqft |
2023-01-01 | 73 days | 1,831 sqft |
2023-02-01 | 59 days | 1,736 sqft |
2023-03-01 | 49 days | 1,846 sqft |
2023-04-01 | 51 days | 1,884 sqft |
2023-05-01 | 48 days | 1,878 sqft |
2023-06-01 | 43 days | 1,898 sqft |
2023-07-01 | 44 days | 1,950 sqft |
2023-08-01 | 38 days | 1,901 sqft |
2023-09-01 | 44 days | 1,814 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 | 1,635 sqft |
2024-06-01 | 61 days | 1,665 sqft |
2024-07-01 | 80 days | 1,629 sqft |
2024-08-01 | 78 days | 1,600 sqft |
2024-09-01 | 0 days | 1,629 sqft |
Albany's median square footage for active listings during the 2024-09-01 period was 1,629 sqft. One year prior, the average listing was 1,814 sqft.