Albany VA Loan Rates, Closing Costs & Stats
ALBANY-LEBANON, OR
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 103 lenders originated 958 VA loans during 2021. The total origination value was $291,350,000, with an average VA loan value of $304,123.
Albany VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Albany
averaged
6.09%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Albany's average VA mortgage closing costs are $6,218.
The average rate for the prior week (2023-01-20) was
6.32% and
one month ago for the week of 2022-12-23, the
average rate was 6.49%.
The average rate one year ago was 3.69%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.07%.
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 CALIBER HOME LOANS, INC., with
73 VA loans originated. Their average total fees are
$6,691, which is $3,863
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Albany VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,828), VILLAGE CAPITAL MORTGAGE ($2,880), LAKEVIEW LOAN SERVICING, LLC ($2,947), Wells Fargo Bank ($3,955) and QUICKEN LOANS, LLC ($4,651).
The lowest rate Albany VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (2.39%), FREEDOM MORTGAGE CORPORATION (2.44%), QUICKEN LOANS, LLC (2.47%), Wells Fargo Bank (2.48%) and PENNYMAC LOAN SERVICES, LLC (2.51%).
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 | $319,900 (39.4%) | $361,933 (24.1%) | 0.00 | 294 |
2018-02-01 | $325,450 (32.9%) | $361,111 (19.2%) | 0.00 | 244 |
2018-03-01 | $332,900 (31.3%) | $359,696 (16.6%) | 0.00 | 252 |
2018-04-01 | $341,200 (31.3%) | $375,648 (20.7%) | 0.00 | 251 |
2018-05-01 | $343,125 (29.5%) | $405,066 (29.5%) | 0.00 | 277 |
2018-06-01 | $349,950 (30.7%) | $398,908 (28.3%) | 0.00 | 313 |
2018-07-01 | $347,488 (15.8%) | $394,100 (12.1%) | 0.00 | 344 |
2018-08-01 | $343,000 (10.7%) | $389,614 (9.9%) | 0.00 | 376 |
2018-09-01 | $348,975 (12.6%) | $395,467 (12.3%) | 0.00 | 348 |
2018-10-01 | $345,988 (9.6%) | $401,148 (11.0%) | 0.00 | 349 |
2018-11-01 | $341,950 (5.1%) | $398,965 (8.4%) | 0.00 | 340 |
2018-12-01 | $334,900 (4.7%) | $397,559 (10.7%) | 0.00 | 341 |
2019-01-01 | $328,800 (2.8%) | $407,221 (12.5%) | 0.00 | 301 |
2019-02-01 | $330,445 (1.5%) | $430,187 (19.1%) | 0.00 | 285 |
2019-03-01 | $340,943 (2.4%) | $432,677 (20.3%) | 0.00 | 283 |
2019-04-01 | $349,000 (2.3%) | $437,742 (16.5%) | 0.00 | 273 |
2019-05-01 | $349,950 (2.0%) | $432,495 (6.8%) | 0.00 | 296 |
2019-06-01 | $349,900 (0.0%) | $427,445 (7.2%) | 0.00 | 325 |
2019-07-01 | $339,700 (-2.2%) | $417,040 (5.8%) | 0.00 | 338 |
2019-08-01 | $335,545 (-2.2%) | $404,387 (3.8%) | 0.00 | 364 |
2019-09-01 | $329,614 (-5.6%) | $402,623 (1.8%) | 0.00 | 365 |
2019-10-01 | $328,159 (-5.2%) | $408,186 (1.8%) | 0.00 | 347 |
2019-11-01 | $322,900 (-5.6%) | $405,270 (1.6%) | 0.00 | 315 |
2019-12-01 | $329,950 (-1.5%) | $403,906 (1.6%) | 0.00 | 302 |
2020-01-01 | $339,900 (3.4%) | $429,291 (5.4%) | 0.00 | 262 |
2020-02-01 | $339,500 (2.7%) | $431,293 (0.3%) | 0.00 | 242 |
2020-03-01 | $337,300 (-1.1%) | $412,880 (-4.6%) | 0.00 | 216 |
2020-04-01 | $347,850 (-0.3%) | $416,421 (-4.9%) | 0.00 | 257 |
2020-05-01 | $349,900 (0.0%) | $425,707 (-1.6%) | 0.00 | 230 |
2020-06-01 | $366,948 (4.9%) | $465,715 (9.0%) | 0.00 | 182 |
2020-07-01 | $375,050 (10.4%) | $448,546 (7.6%) | 0.00 | 189 |
2020-08-01 | $387,900 (15.6%) | $465,830 (15.2%) | 0.00 | 169 |
2020-09-01 | $382,925 (16.2%) | $483,372 (20.1%) | 0.00 | 142 |
2020-10-01 | $374,950 (14.3%) | $478,805 (17.3%) | 0.00 | 151 |
2020-11-01 | $389,225 (20.5%) | $510,884 (26.1%) | 0.00 | 125 |
2020-12-01 | $392,175 (18.9%) | $518,368 (28.3%) | 0.00 | 115 |
2021-01-01 | $391,900 (15.3%) | $491,182 (14.4%) | 0.00 | 106 |
2021-02-01 | $340,450 (0.3%) | $443,375 (2.8%) | 0.00 | 107 |
2021-03-01 | $316,250 (-6.2%) | $440,249 (6.6%) | 0.00 | 107 |
2021-04-01 | $332,375 (-4.5%) | $478,191 (14.8%) | 0.00 | 112 |
2021-05-01 | $395,000 (12.9%) | $520,522 (22.3%) | 0.00 | 114 |
2021-06-01 | $411,950 (12.3%) | $506,718 (8.8%) | 0.00 | 127 |
2021-07-01 | $399,900 (6.6%) | $506,072 (12.8%) | 0.00 | 139 |
2021-08-01 | $406,175 (4.7%) | $491,759 (5.6%) | 0.00 | 173 |
2021-09-01 | $399,999 (4.5%) | $469,332 (-2.9%) | 0.00 | 189 |
2021-10-01 | $419,900 (12.0%) | $493,937 (3.2%) | 0.00 | 196 |
2021-11-01 | $425,313 (9.3%) | $533,287 (4.4%) | 0.00 | 178 |
2021-12-01 | $421,425 (7.5%) | $527,030 (1.7%) | 0.00 | 153 |
2022-01-01 | $424,900 (8.4%) | $537,062 (9.3%) | 0.00 | 114 |
2022-02-01 | $417,450 (22.6%) | $552,756 (24.7%) | 0.00 | 108 |
2022-03-01 | $428,700 (35.6%) | $568,213 (29.1%) | 0.00 | 108 |
2022-04-01 | $435,000 (30.9%) | $591,334 (23.7%) | 0.00 | 120 |
2022-05-01 | $421,400 (6.7%) | $575,874 (10.6%) | 0.00 | 163 |
2022-06-01 | $419,900 (1.9%) | $568,122 (12.1%) | 0.00 | 194 |
2022-07-01 | $425,000 (6.3%) | $571,716 (13.0%) | 0.00 | 261 |
2022-08-01 | $428,400 (5.5%) | $570,110 (15.9%) | 0.00 | 275 |
2022-09-01 | $424,900 (6.2%) | $549,605 (17.1%) | 0.00 | 283 |
2022-10-01 | $434,400 (3.5%) | $570,623 (15.5%) | 0.00 | 278 |
2022-11-01 | $435,500 (2.4%) | $567,177 (6.4%) | 0.00 | 269 |
2022-12-01 | $420,000 (-0.3%) | $547,059 (3.8%) | 0.00 | 275 |
Albany's median listing price comes in at 0% of the national average.
Albany's average listing price for 2022-12-01 was $547,059, a difference of $20,029 (3.8%) versus the prior year and $-20,118 versus the prior month.
For the 2022-12-01 period, Albany had 275 MLS listings, a difference of 6 listings (2%) versus the prior month and 122 listings (80%) 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 | 0 days | 1,897 sqft |
2018-02-01 | 0 days | 1,897 sqft |
2018-03-01 | 0 days | 1,871 sqft |
2018-04-01 | 0 days | 1,854 sqft |
2018-05-01 | 0 days | 1,853 sqft |
2018-06-01 | 0 days | 1,857 sqft |
2018-07-01 | 0 days | 1,858 sqft |
2018-08-01 | 0 days | 1,863 sqft |
2018-09-01 | 0 days | 1,870 sqft |
2018-10-01 | 0 days | 1,844 sqft |
2018-11-01 | 0 days | 1,836 sqft |
2018-12-01 | 0 days | 1,819 sqft |
2019-01-01 | 0 days | 1,815 sqft |
2019-02-01 | 0 days | 1,838 sqft |
2019-03-01 | 0 days | 1,812 sqft |
2019-04-01 | 0 days | 1,793 sqft |
2019-05-01 | 0 days | 1,810 sqft |
2019-06-01 | 0 days | 1,827 sqft |
2019-07-01 | 0 days | 1,782 sqft |
2019-08-01 | 0 days | 1,742 sqft |
2019-09-01 | 0 days | 1,750 sqft |
2019-10-01 | 0 days | 1,758 sqft |
2019-11-01 | 0 days | 1,722 sqft |
2019-12-01 | 0 days | 1,733 sqft |
2020-01-01 | 0 days | 1,843 sqft |
2020-02-01 | 0 days | 1,810 sqft |
2020-03-01 | 0 days | 1,753 sqft |
2020-04-01 | 0 days | 1,808 sqft |
2020-05-01 | 0 days | 1,778 sqft |
2020-06-01 | 0 days | 1,899 sqft |
2020-07-01 | 0 days | 1,882 sqft |
2020-08-01 | 0 days | 1,992 sqft |
2020-09-01 | 0 days | 1,853 sqft |
2020-10-01 | 0 days | 1,845 sqft |
2020-11-01 | 0 days | 1,793 sqft |
2020-12-01 | 0 days | 1,776 sqft |
2021-01-01 | 0 days | 1,756 sqft |
2021-02-01 | 0 days | 1,630 sqft |
2021-03-01 | 0 days | 1,557 sqft |
2021-04-01 | 0 days | 1,487 sqft |
2021-05-01 | 0 days | 1,739 sqft |
2021-06-01 | 0 days | 1,733 sqft |
2021-07-01 | 0 days | 1,682 sqft |
2021-08-01 | 0 days | 1,729 sqft |
2021-09-01 | 0 days | 1,657 sqft |
2021-10-01 | 0 days | 1,690 sqft |
2021-11-01 | 0 days | 1,761 sqft |
2021-12-01 | 0 days | 1,713 sqft |
2022-01-01 | 0 days | 1,696 sqft |
2022-02-01 | 0 days | 1,691 sqft |
2022-03-01 | 0 days | 1,698 sqft |
2022-04-01 | 0 days | 1,674 sqft |
2022-05-01 | 0 days | 1,687 sqft |
2022-06-01 | 0 days | 1,652 sqft |
2022-07-01 | 0 days | 1,690 sqft |
2022-08-01 | 0 days | 1,648 sqft |
2022-09-01 | 0 days | 1,628 sqft |
2022-10-01 | 0 days | 1,651 sqft |
2022-11-01 | 0 days | 1,652 sqft |
2022-12-01 | 0 days | 1,647 sqft |
Albany's median square footage for active listings during the 2022-12-01 period was 1,647 sqft. One year prior, the average listing was 1,713 sqft.