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 51 lenders originated 193 VA loans during 2023. The total origination value was $76,135,000, with an average VA loan value of $394,482.
Albany VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Albany
averaged
6.15%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Albany's average VA mortgage closing costs are $6,894.
The average rate for the prior week (2024-12-06) was
5.98% and
one month ago for the week of 2024-11-08, the
average rate was 6.38%.
The average rate one year ago was 6.53%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.88%.
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
22 VA loans originated. Their average total fees are
$5,652, which is $2,426
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Albany VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($5,652), NAVY FEDERAL CREDIT UNION ($7,552), UNITED WHOLESALE MORTGAGE, LLC ($8,077), SUMMIT FUNDING, INC. ($10,303) and .
The lowest rate Albany VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION (5.48%), UNITED WHOLESALE MORTGAGE, LLC (6.03%), SUMMIT FUNDING, INC. (6.40%), Mortgage Research Center, LLC (6.84%) and .
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 (39.3%) | $361,950 (24.0%) | 0.00 | 294 |
2018-02-01 | $325,450 (32.9%) | $361,111 (18.9%) | 0.00 | 244 |
2018-03-01 | $332,900 (30.7%) | $359,696 (16.4%) | 0.00 | 252 |
2018-04-01 | $341,200 (31.3%) | $375,648 (20.4%) | 0.00 | 251 |
2018-05-01 | $343,125 (29.5%) | $404,665 (29.3%) | 0.00 | 277 |
2018-06-01 | $349,950 (30.7%) | $398,908 (28.3%) | 0.00 | 313 |
2018-07-01 | $347,500 (15.8%) | $394,197 (12.2%) | 0.00 | 345 |
2018-08-01 | $346,200 (12.2%) | $389,812 (10.0%) | 0.00 | 378 |
2018-09-01 | $349,450 (12.8%) | $395,642 (12.4%) | 0.00 | 350 |
2018-10-01 | $346,988 (10.2%) | $401,295 (11.1%) | 0.00 | 351 |
2018-11-01 | $342,000 (5.2%) | $399,130 (8.4%) | 0.00 | 342 |
2018-12-01 | $334,900 (4.7%) | $398,290 (10.9%) | 0.00 | 343 |
2019-01-01 | $329,500 (3.0%) | $407,704 (12.6%) | 0.00 | 302 |
2019-02-01 | $331,423 (1.8%) | $430,532 (19.2%) | 0.00 | 286 |
2019-03-01 | $340,621 (2.3%) | $432,752 (20.3%) | 0.00 | 284 |
2019-04-01 | $348,250 (2.1%) | $437,612 (16.5%) | 0.00 | 273 |
2019-05-01 | $348,700 (1.6%) | $432,413 (6.9%) | 0.00 | 294 |
2019-06-01 | $349,900 (0.0%) | $427,350 (7.1%) | 0.00 | 323 |
2019-07-01 | $339,800 (-2.2%) | $417,477 (5.9%) | 0.00 | 336 |
2019-08-01 | $335,691 (-3.0%) | $404,808 (3.9%) | 0.00 | 363 |
2019-09-01 | $329,677 (-5.7%) | $403,018 (1.9%) | 0.00 | 363 |
2019-10-01 | $328,168 (-5.4%) | $408,626 (1.8%) | 0.00 | 345 |
2019-11-01 | $322,900 (-5.6%) | $405,677 (1.6%) | 0.00 | 312 |
2019-12-01 | $329,450 (-1.6%) | $404,294 (1.5%) | 0.00 | 299 |
2020-01-01 | $339,900 (3.2%) | $430,022 (5.5%) | 0.00 | 259 |
2020-02-01 | $339,250 (2.4%) | $432,102 (0.4%) | 0.00 | 239 |
2020-03-01 | $336,700 (-1.2%) | $413,537 (-4.4%) | 0.00 | 213 |
2020-04-01 | $347,200 (-0.3%) | $417,010 (-4.7%) | 0.00 | 254 |
2020-05-01 | $349,900 (0.3%) | $426,478 (-1.4%) | 0.00 | 227 |
2020-06-01 | $366,449 (4.7%) | $468,174 (9.6%) | 0.00 | 177 |
2020-07-01 | $375,450 (10.5%) | $450,484 (7.9%) | 0.00 | 185 |
2020-08-01 | $387,900 (15.6%) | $468,365 (15.7%) | 0.00 | 165 |
2020-09-01 | $380,938 (15.6%) | $486,111 (20.6%) | 0.00 | 138 |
2020-10-01 | $374,900 (14.2%) | $481,101 (17.7%) | 0.00 | 147 |
2020-11-01 | $388,550 (20.3%) | $514,776 (26.9%) | 0.00 | 121 |
2020-12-01 | $389,675 (18.3%) | $522,822 (29.3%) | 0.00 | 111 |
2021-01-01 | $390,450 (14.9%) | $495,050 (15.1%) | 0.00 | 102 |
2021-02-01 | $340,450 (0.4%) | $445,596 (3.1%) | 0.00 | 105 |
2021-03-01 | $316,250 (-6.1%) | $442,278 (7.0%) | 0.00 | 105 |
2021-04-01 | $332,375 (-4.3%) | $480,934 (15.3%) | 0.00 | 109 |
2021-05-01 | $395,000 (12.9%) | $522,780 (22.6%) | 0.00 | 111 |
2021-06-01 | $410,725 (12.1%) | $509,679 (8.9%) | 0.00 | 124 |
2021-07-01 | $399,900 (6.5%) | $509,222 (13.0%) | 0.00 | 136 |
2021-08-01 | $404,900 (4.4%) | $494,023 (5.5%) | 0.00 | 169 |
2021-09-01 | $399,500 (4.9%) | $471,002 (-3.1%) | 0.00 | 186 |
2021-10-01 | $419,900 (12.0%) | $494,813 (2.9%) | 0.00 | 192 |
2021-11-01 | $420,000 (8.1%) | $534,918 (3.9%) | 0.00 | 174 |
2021-12-01 | $417,450 (7.1%) | $528,473 (1.1%) | 0.00 | 149 |
2022-01-01 | $423,925 (8.6%) | $541,167 (9.3%) | 0.00 | 111 |
2022-02-01 | $419,450 (23.2%) | $558,216 (25.3%) | 0.00 | 105 |
2022-03-01 | $430,000 (36.0%) | $573,662 (29.7%) | 0.00 | 105 |
2022-04-01 | $435,000 (30.9%) | $594,974 (23.7%) | 0.00 | 118 |
2022-05-01 | $420,425 (6.4%) | $577,084 (10.4%) | 0.00 | 160 |
2022-06-01 | $419,450 (2.1%) | $568,210 (11.5%) | 0.00 | 189 |
2022-07-01 | $424,900 (6.3%) | $571,843 (12.3%) | 0.00 | 256 |
2022-08-01 | $427,550 (5.6%) | $571,508 (15.7%) | 0.00 | 270 |
2022-09-01 | $424,900 (6.4%) | $550,927 (17.0%) | 0.00 | 278 |
2022-10-01 | $434,400 (3.5%) | $573,062 (15.8%) | 0.00 | 275 |
2022-11-01 | $436,750 (4.0%) | $569,527 (6.5%) | 0.00 | 266 |
2022-12-01 | $419,950 (0.6%) | $548,967 (3.9%) | 0.00 | 272 |
2023-01-01 | $419,675 (-1.0%) | $534,089 (-1.3%) | 0.00 | 244 |
2023-02-01 | $425,950 (1.6%) | $535,290 (-4.1%) | 0.00 | 219 |
2023-03-01 | $421,200 (-2.1%) | $542,888 (-5.4%) | 0.00 | 203 |
2023-04-01 | $419,950 (-3.5%) | $541,760 (-8.9%) | 0.00 | 187 |
2023-05-01 | $429,450 (2.2%) | $568,014 (-1.6%) | 0.00 | 202 |
2023-06-01 | $462,000 (10.1%) | $598,041 (5.3%) | 0.00 | 215 |
2023-07-01 | $449,900 (5.9%) | $607,520 (6.2%) | 0.00 | 237 |
2023-08-01 | $449,950 (5.2%) | $622,812 (9.0%) | 0.00 | 252 |
2023-09-01 | $469,900 (10.6%) | $613,186 (11.3%) | 0.00 | 270 |
2023-10-01 | $469,950 (8.2%) | $619,877 (8.2%) | 0.00 | 262 |
2023-11-01 | $472,200 (8.1%) | $610,048 (7.1%) | 0.00 | 263 |
2023-12-01 | $469,000 (11.7%) | $618,012 (12.6%) | 0.00 | 230 |
2024-01-01 | $454,900 (8.4%) | $578,977 (8.4%) | 0.00 | 230 |
2024-02-01 | $464,900 (9.1%) | $577,930 (8.0%) | 0.00 | 216 |
2024-03-01 | $464,999 (10.4%) | $593,502 (9.3%) | 0.00 | 212 |
2024-04-01 | $465,600 (10.9%) | $593,728 (9.6%) | 0.00 | 230 |
2024-05-01 | $494,225 (15.1%) | $620,336 (9.2%) | 0.00 | 255 |
2024-06-01 | $494,999 (7.1%) | $621,843 (4.0%) | 0.00 | 285 |
2024-07-01 | $459,900 (2.2%) | $594,204 (-2.2%) | 0.00 | 303 |
2024-08-01 | $449,900 (0.0%) | $575,111 (-7.7%) | 0.00 | 334 |
2024-09-01 | $449,900 (-4.3%) | $565,490 (-7.8%) | 0.00 | 345 |
2024-10-01 | $446,175 (-5.1%) | $565,398 (-8.8%) | 0.00 | 327 |
2024-11-01 | $444,000 (-6.0%) | $559,157 (-8.3%) | 0.00 | 296 |
Albany's median listing price comes in at 0% of the national average.
Albany's average listing price for 2024-11-01 was $559,157, a difference of $-50,891 (-8.3%) versus the prior year and $-6,241 versus the prior month.
For the 2024-11-01 period, Albany had 296 MLS listings, a difference of -31 listings (-9%) versus the prior month and 33 listings (13%) 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 | 1,860 sqft |
2018-08-01 | 0 days | 1,864 sqft |
2018-09-01 | 0 days | 1,871 sqft |
2018-10-01 | 0 days | 1,844 sqft |
2018-11-01 | 0 days | 1,839 sqft |
2018-12-01 | 0 days | 1,821 sqft |
2019-01-01 | 0 days | 1,821 sqft |
2019-02-01 | 0 days | 1,839 sqft |
2019-03-01 | 0 days | 1,813 sqft |
2019-04-01 | 0 days | 1,794 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 | 1,733 sqft |
2019-09-01 | 0 days | 1,737 sqft |
2019-10-01 | 0 days | 1,748 sqft |
2019-11-01 | 0 days | 1,720 sqft |
2019-12-01 | 0 days | 1,722 sqft |
2020-01-01 | 0 days | 1,842 sqft |
2020-02-01 | 0 days | 1,805 sqft |
2020-03-01 | 0 days | 1,731 sqft |
2020-04-01 | 0 days | 1,795 sqft |
2020-05-01 | 0 days | 1,771 sqft |
2020-06-01 | 0 days | 1,892 sqft |
2020-07-01 | 0 days | 1,882 sqft |
2020-08-01 | 0 days | 1,992 sqft |
2020-09-01 | 0 days | 1,850 sqft |
2020-10-01 | 0 days | 1,845 sqft |
2020-11-01 | 0 days | 1,763 sqft |
2020-12-01 | 0 days | 1,756 sqft |
2021-01-01 | 0 days | 1,756 sqft |
2021-02-01 | 0 days | 1,603 sqft |
2021-03-01 | 0 days | 1,542 sqft |
2021-04-01 | 0 days | 1,462 sqft |
2021-05-01 | 0 days | 1,728 sqft |
2021-06-01 | 0 days | 1,709 sqft |
2021-07-01 | 0 days | 1,672 sqft |
2021-08-01 | 0 days | 1,715 sqft |
2021-09-01 | 0 days | 1,644 sqft |
2021-10-01 | 0 days | 1,688 sqft |
2021-11-01 | 0 days | 1,752 sqft |
2021-12-01 | 0 days | 1,701 sqft |
2022-01-01 | 0 days | 1,673 sqft |
2022-02-01 | 0 days | 1,671 sqft |
2022-03-01 | 0 days | 1,682 sqft |
2022-04-01 | 0 days | 1,641 sqft |
2022-05-01 | 0 days | 1,660 sqft |
2022-06-01 | 0 days | 1,652 sqft |
2022-07-01 | 0 days | 1,660 sqft |
2022-08-01 | 0 days | 1,646 sqft |
2022-09-01 | 0 days | 1,618 sqft |
2022-10-01 | 0 days | 1,649 sqft |
2022-11-01 | 0 days | 1,652 sqft |
2022-12-01 | 0 days | 1,643 sqft |
2023-01-01 | 0 days | 1,648 sqft |
2023-02-01 | 0 days | 1,660 sqft |
2023-03-01 | 0 days | 1,678 sqft |
2023-04-01 | 0 days | 1,680 sqft |
2023-05-01 | 0 days | 1,688 sqft |
2023-06-01 | 0 days | 1,722 sqft |
2023-07-01 | 0 days | 1,680 sqft |
2023-08-01 | 0 days | 1,734 sqft |
2023-09-01 | 0 days | 1,800 sqft |
2023-10-01 | 0 days | 1,820 sqft |
2023-11-01 | 0 days | 1,770 sqft |
2023-12-01 | 0 days | 1,732 sqft |
2024-01-01 | 0 days | 1,744 sqft |
2024-02-01 | 0 days | 1,711 sqft |
2024-03-01 | 0 days | 1,716 sqft |
2024-04-01 | 0 days | 1,690 sqft |
2024-05-01 | 0 days | 1,726 sqft |
2024-06-01 | 0 days | 1,763 sqft |
2024-07-01 | 0 days | 1,687 sqft |
2024-08-01 | 0 days | 1,658 sqft |
2024-09-01 | 0 days | 1,653 sqft |
2024-10-01 | 0 days | 1,672 sqft |
2024-11-01 | 0 days | 1,674 sqft |
Albany's median square footage for active listings during the 2024-11-01 period was 1,674 sqft. One year prior, the average listing was 1,770 sqft.