Albertville VA Loan Rates, Closing Costs & Stats

Albertville, AL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Albertville's 67 lenders originated 257 VA loans during 2022. The total origination value was $74,665,000, with an average VA loan value of $290,525.

    Albertville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Albertville averaged 6.77% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Albertville's average VA mortgage closing costs are $5,097.

    The average rate for the prior week (2023-09-15) was 6.75% and one month ago for the week of 2023-08-18, the average rate was 6.53%.

    The average rate one year ago was 5.7%.

    For refis of the same type during the week of 2023-09-22, the average rate was 6.27%.

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

    Albertville 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 Albertville level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 43 4.78% $5,613
    UNITED WHOLESALE MORTGAGE, LLC 17 4.55% $8,256
    QUICKEN LOANS, LLC 15 4.40% $8,162
    LOANDEPOT.COM, LLC 11 4.44% $11,963
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.13% $3,633
    FirstBank 11 4.47% $6,645
    FREEDOM MORTGAGE CORPORATION 9 3.94% $12,135
    CERTAINTY HOME LOANS, LLC 8 4.25% $9,345
    BROKER SOLUTIONS, INC. 7 5.00% $6,076
    HOME POINT FINANCIAL CORPORATION 7 4.09% $6,470
    TJC Mortgage, Inc. 7 4.36% $8,123
    USAA Federal Savings Bank 6 4.38% $8,127
    Renasant Bank 5 5.13% $4,259
    Hometown Lenders, Inc. 5 5.38% $5,987
    PENNYMAC LOAN SERVICES, LLC 5 3.00% $4,364
    BancorpSouth 4 4.41% $7,445
    NEW DAY FINANCIAL, LLC 4 3.81% $7,545
    NAVY FEDERAL CREDIT UNION 4 4.84% $4,851
    REDSTONE Federal Credit Union 4 5.81% $9,438
    LAKEVIEW LOAN SERVICING, LLC 3 3.92% $7,419
    CROSSCOUNTRY MORTGAGE, LLC 3 6.04% $9,218
    First Federal Bank 2 5.81% $5,263
    Wells Fargo Bank 2 3.13% $5,679
    Magnolia Bank 2 4.50% $12,409
    FINANCE OF AMERICA MORTGAGE LLC 2 4.13% $8,586
    Progress Bank and Trust 2 4.25% $2,128
    AMERISAVE MORTGAGE CORPORATION 2 2.56% $8,340
    RELIANCE FIRST CAPITAL, LLC 2 4.63% $9,556
    Hamilton Mortgage Corporation 2 3.88% $7,521
    CALIBER HOME LOANS, INC. 2 5.38% $7,755
    The Federal Savings Bank 2 5.00% $8,212
    INTERLINC MORTGAGE SERVICES, LLC 2 3.44% $6,264
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.88% $4,908
    Total Media Management, LLC 2 3.75% $5,864
    First Federal Bank, A FSB 2 4.19% $5,727
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 4.06% $1,210
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 4.00% $8,988
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.63% $3,919
    Armed Forces Bank 1 3.25% $2,433
    Bank of England 1 6.75% $5,718
    CLEARPATH LENDING 1 3.25% $5,359
    Colten Mortgage, LLC 1 4.25% $9,348
    COMMUNITY MORTGAGE CORPORATION 1 2.38% $9,152
    FIRST COMMUNITY MORTGAGE, INC. 1 2.88% $3,387
    Flagstar Bank, FSB 1 4.75% $8,611
    Florida Capital Bank 1 3.88% $5,171
    GSF Mortgage Corporation 1 4.13% $7,124
    HOMESTEAD FUNDING CORP. 1 2.88% $40,010
    LENOX FINANCIAL MORTGAGE CORPORATION 1 4.38% $8,601
    Mid-Continent Funding, Inc. 1 3.25% $6,186
    ACOPIA, LLC 1 3.25% $3,519
    MOVEMENT MORTGAGE, LLC 1 4.75% $10,649
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $6,964
    NBKC BANK 1 2.75% $9,874
    NETWORK CAPITAL FUNDING CORPORATION 1 4.63% $4,106
    North American Savings Bank, F.S.B. 1 2.25% $2,064
    Northpointe Bank 1 2.88% $10,252
    Paramount Bank 1 3.13% $7,082
    PLANET HOME LENDING, LLC 1 4.63% $12,446
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.13% $15,762
    SOUTHWEST STAGE FUNDING, LLC 1 4.38% $837
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.25% $9,654
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $14,174
    THRIVE MORTGAGE, LLC 1 3.75% $3,663
    Trustmark National Bank 1 6.50% $3,537
    U.S. Bank 1 6.13% $4,729
    VILLAGE CAPITAL MORTGAGE 1 2.75% $4,157

    The top Albertville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $5,613, which is $2,643 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Albertville VA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,633), Mortgage Research Center, LLC ($5,613), FirstBank ($6,645), QUICKEN LOANS, LLC ($8,162) and UNITED WHOLESALE MORTGAGE, LLC ($8,256).

    The lowest rate Albertville VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.40%), LOANDEPOT.COM, LLC (4.44%), FirstBank (4.47%), UNITED WHOLESALE MORTGAGE, LLC (4.55%) and Mortgage Research Center, LLC (4.78%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albertville (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 $179,900 (5.9%) $261,206 (4.6%) 0.00 426
    2018-02-01 $171,950 (1.2%) $261,090 (4.3%) 0.00 420
    2018-03-01 $182,400 (4.2%) $275,745 (5.5%) 0.00 421
    2018-04-01 $184,900 (2.8%) $275,533 (4.0%) 0.00 420
    2018-05-01 $186,475 (1.1%) $281,303 (4.2%) 0.00 425
    2018-06-01 $199,250 (6.2%) $283,122 (5.9%) 0.00 417
    2018-07-01 $192,863 (3.1%) $277,125 (3.8%) 0.00 410
    2018-08-01 $189,200 (-0.9%) $274,707 (1.2%) 0.00 414
    2018-09-01 $196,500 (0.8%) $278,483 (2.8%) 0.00 426
    2018-10-01 $199,900 (6.7%) $289,835 (7.1%) 0.00 394
    2018-11-01 $222,425 (23.6%) $302,921 (15.1%) 0.00 361
    2018-12-01 $224,900 (25.0%) $309,527 (18.4%) 0.00 348
    2019-01-01 $219,500 (22.0%) $297,698 (14.0%) 0.00 364
    2019-02-01 $229,900 (33.7%) $305,991 (17.2%) 0.00 346
    2019-03-01 $229,943 (26.1%) $306,234 (11.1%) 0.00 352
    2019-04-01 $229,993 (24.4%) $309,761 (12.4%) 0.00 363
    2019-05-01 $229,200 (22.9%) $315,337 (12.1%) 0.00 370
    2019-06-01 $239,900 (20.4%) $330,586 (16.8%) 0.00 370
    2019-07-01 $233,975 (21.3%) $326,257 (17.7%) 0.00 365
    2019-08-01 $229,691 (21.4%) $320,507 (16.7%) 0.00 359
    2019-09-01 $229,302 (16.7%) $317,486 (14.0%) 0.00 340
    2019-10-01 $228,750 (14.4%) $314,172 (8.4%) 0.00 326
    2019-11-01 $229,900 (3.4%) $315,503 (4.2%) 0.00 313
    2019-12-01 $225,100 (0.1%) $311,638 (0.7%) 0.00 300
    2020-01-01 $222,288 (1.3%) $309,768 (4.1%) 0.00 277
    2020-02-01 $234,900 (2.2%) $327,264 (7.0%) 0.00 268
    2020-03-01 $236,900 (3.0%) $337,032 (10.1%) 0.00 281
    2020-04-01 $239,600 (4.2%) $340,815 (10.0%) 0.00 285
    2020-05-01 $240,000 (4.7%) $346,849 (10.0%) 0.00 270
    2020-06-01 $247,425 (3.1%) $351,867 (6.4%) 0.00 250
    2020-07-01 $238,775 (2.1%) $353,787 (8.4%) 0.00 216
    2020-08-01 $249,300 (8.5%) $357,584 (11.6%) 0.00 222
    2020-09-01 $246,925 (7.7%) $352,856 (11.1%) 0.00 208
    2020-10-01 $259,000 (13.2%) $370,719 (18.0%) 0.00 197
    2020-11-01 $249,900 (8.7%) $357,040 (13.2%) 0.00 192
    2020-12-01 $247,450 (9.9%) $354,994 (13.9%) 0.00 179
    2021-01-01 $246,950 (11.1%) $354,919 (14.6%) 0.00 168
    2021-02-01 $253,750 (8.0%) $385,086 (17.7%) 0.00 124
    2021-03-01 $262,400 (10.8%) $405,454 (20.3%) 0.00 110
    2021-04-01 $266,800 (11.4%) $416,654 (22.3%) 0.00 111
    2021-05-01 $299,900 (25.0%) $427,828 (23.4%) 0.00 129
    2021-06-01 $302,450 (22.2%) $512,359 (45.6%) 0.00 110
    2021-07-01 $289,900 (21.4%) $476,312 (34.6%) 0.00 130
    2021-08-01 $293,200 (17.6%) $481,908 (34.8%) 0.00 146
    2021-09-01 $272,500 (10.4%) $435,670 (23.5%) 0.00 142
    2021-10-01 $259,900 (0.4%) $415,940 (12.2%) 0.00 163
    2021-11-01 $286,600 (14.7%) $458,405 (28.4%) 0.00 158
    2021-12-01 $277,000 (11.9%) $439,549 (23.8%) 0.00 130
    2022-01-01 $285,650 (15.7%) $490,138 (38.1%) 0.00 118
    2022-02-01 $290,950 (14.7%) $493,274 (28.1%) 0.00 115
    2022-03-01 $307,450 (17.2%) $498,812 (23.0%) 0.00 124
    2022-04-01 $333,500 (25.0%) $504,007 (21.0%) 0.00 129
    2022-05-01 $358,223 (19.5%) $534,057 (24.8%) 0.00 142
    2022-06-01 $357,425 (18.2%) $520,846 (1.7%) 0.00 180
    2022-07-01 $339,000 (16.9%) $488,699 (2.6%) 0.00 199
    2022-08-01 $327,000 (11.5%) $489,799 (1.6%) 0.00 216
    2022-09-01 $319,900 (17.4%) $488,196 (12.1%) 0.00 219
    2022-10-01 $324,900 (25.0%) $485,500 (16.7%) 0.00 222
    2022-11-01 $359,990 (25.6%) $505,232 (10.2%) 0.00 220
    2022-12-01 $350,000 (26.4%) $528,914 (20.3%) 0.00 213
    2023-01-01 $351,823 (23.2%) $522,657 (6.6%) 0.00 216
    2023-02-01 $352,900 (21.3%) $518,308 (5.1%) 0.00 220
    2023-03-01 $354,900 (15.4%) $497,517 (-0.3%) 0.00 227
    2023-04-01 $359,000 (7.7%) $504,480 (0.1%) 0.00 209
    2023-05-01 $356,248 (-0.6%) $502,229 (-6.0%) 0.00 201
    2023-06-01 $365,950 (2.4%) $518,367 (-0.5%) 0.00 197
    2023-07-01 $379,900 (12.1%) $537,460 (10.0%) 0.00 196
    2023-08-01 $371,700 (13.7%) $507,186 (3.6%) 0.00 221
    Albertville's median listing price for 2023-08-01 was $371,700, a difference of $44,700 (13.7%) versus the prior year and $-8,200 versus the prior month.

    Albertville's median listing price comes in at 0% of the national average.

    Albertville's average listing price for 2023-08-01 was $507,186, a difference of $17,387 (3.6%) versus the prior year and $-30,274 versus the prior month.

    For the 2023-08-01 period, Albertville had 221 MLS listings, a difference of 25 listings (13%) versus the prior month and 5 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albertville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,085 sqft
    2018-02-01 0 days 2,060 sqft
    2018-03-01 0 days 2,100 sqft
    2018-04-01 0 days 2,121 sqft
    2018-05-01 0 days 2,100 sqft
    2018-06-01 0 days 2,170 sqft
    2018-07-01 0 days 2,071 sqft
    2018-08-01 0 days 2,156 sqft
    2018-09-01 0 days 2,199 sqft
    2018-10-01 0 days 2,200 sqft
    2018-11-01 0 days 2,290 sqft
    2018-12-01 0 days 2,299 sqft
    2019-01-01 0 days 2,215 sqft
    2019-02-01 0 days 2,267 sqft
    2019-03-01 0 days 2,296 sqft
    2019-04-01 0 days 2,296 sqft
    2019-05-01 0 days 2,332 sqft
    2019-06-01 0 days 2,374 sqft
    2019-07-01 0 days 2,381 sqft
    2019-08-01 0 days 2,365 sqft
    2019-09-01 0 days 2,369 sqft
    2019-10-01 0 days 2,364 sqft
    2019-11-01 0 days 2,290 sqft
    2019-12-01 0 days 2,255 sqft
    2020-01-01 0 days 2,185 sqft
    2020-02-01 0 days 2,180 sqft
    2020-03-01 0 days 2,274 sqft
    2020-04-01 0 days 2,239 sqft
    2020-05-01 0 days 2,209 sqft
    2020-06-01 0 days 2,154 sqft
    2020-07-01 0 days 2,194 sqft
    2020-08-01 0 days 2,297 sqft
    2020-09-01 0 days 2,281 sqft
    2020-10-01 0 days 2,290 sqft
    2020-11-01 0 days 2,239 sqft
    2020-12-01 0 days 2,191 sqft
    2021-01-01 0 days 2,182 sqft
    2021-02-01 0 days 2,155 sqft
    2021-03-01 0 days 2,174 sqft
    2021-04-01 0 days 2,359 sqft
    2021-05-01 0 days 2,253 sqft
    2021-06-01 0 days 2,353 sqft
    2021-07-01 0 days 2,290 sqft
    2021-08-01 0 days 2,279 sqft
    2021-09-01 0 days 2,200 sqft
    2021-10-01 0 days 2,043 sqft
    2021-11-01 0 days 2,213 sqft
    2021-12-01 0 days 2,055 sqft
    2022-01-01 0 days 2,085 sqft
    2022-02-01 0 days 2,115 sqft
    2022-03-01 0 days 2,154 sqft
    2022-04-01 0 days 2,268 sqft
    2022-05-01 0 days 2,228 sqft
    2022-06-01 0 days 2,226 sqft
    2022-07-01 0 days 2,200 sqft
    2022-08-01 0 days 2,195 sqft
    2022-09-01 0 days 2,217 sqft
    2022-10-01 0 days 2,298 sqft
    2022-11-01 0 days 2,265 sqft
    2022-12-01 0 days 2,241 sqft
    2023-01-01 0 days 2,294 sqft
    2023-02-01 0 days 2,214 sqft
    2023-03-01 0 days 2,200 sqft
    2023-04-01 0 days 2,200 sqft
    2023-05-01 0 days 2,209 sqft
    2023-06-01 0 days 2,213 sqft
    2023-07-01 0 days 2,190 sqft
    2023-08-01 0 days 2,200 sqft
    Albertville's median listing age (time on market) for 2023-08-01 was 0 days.

    Albertville's median square footage for active listings during the 2023-08-01 period was 2,200 sqft. One year prior, the average listing was 2,195 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.