Albertville VA Loan Rates, Closing Costs & Stats

Albertville, AL

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    • 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 53 lenders originated 178 VA loans during 2023. The total origination value was $52,150,000, with an average VA loan value of $292,978.

    Albertville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Albertville averaged 0.01% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Albertville's average VA mortgage closing costs are $5,452.

    The average rate for the prior week (2024-11-08) was 6.61% and one month ago for the week of 2024-10-11, the average rate was 5.88%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.32%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.62% $7,862
    UNITED WHOLESALE MORTGAGE, LLC 14 6.22% $7,179
    QUICKEN LOANS, LLC 12 6.20% $10,327
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.47% $11,605
    GUARANTEED RATE, INC. 8 6.03% $9,369
    REDSTONE Federal Credit Union 7 6.41% $3,161
    PENNYMAC LOAN SERVICES, LLC 7 5.35% $5,471
    FirstBank 7 6.02% $5,225
    MOVEMENT MORTGAGE, LLC 6 6.29% $8,439
    NAVY FEDERAL CREDIT UNION 6 5.58% $6,835
    FREEDOM MORTGAGE CORPORATION 5 6.65% $13,748
    GMFS LLC 4 6.78% $17,901
    LOANDEPOT.COM, LLC 4 6.09% $9,946
    CARDINAL FINANCIAL 3 7.58% $10,323
    Regions Bank 3 6.21% $4,190
    First Federal Bank, A FSB 3 6.13% $10,456
    Wells Fargo Bank 2 6.50% $5,297
    AMERISAVE MORTGAGE CORPORATION 2 5.25% $12,283
    Barrington Bank & Trust Company, N.A. 2 6.25% $3,612
    BROKER SOLUTIONS, INC. 2 5.62% $10,218
    FIRST COMMUNITY MORTGAGE, INC. 2 6.13% $4,793
    Gateway First Bank 2 6.13% $6,728
    GUARANTEED RATE AFFINITY, LLC 2 6.44% $7,477
    Mr. Cooper ( Nationstar Mortgage ) 2 6.19% $8,060
    NEWREZ LLC 2 7.19% $3,754
    UNION HOME MORTGAGE CORP. 2 5.69% $11,096
    VILLAGE CAPITAL MORTGAGE 2 6.19% $6,598
    Magnolia Bank 1 6.88% $12,490
    First United Bank and Trust Company 1 6.88% $7,792
    FBC MORTGAGE, LLC 1 4.99% $6,475
    Armed Forces Bank 1 5.63% $3,980
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $7,896
    Equity Prime Mortgage LLC 1 5.88% $6,436
    NEW DAY FINANCIAL, LLC 1 6.88% $12,151
    USAA Federal Savings Bank 1 6.00% $3,062
    North American Savings Bank, F.S.B. 1 5.38% $12,119
    Paramount Residential Mortgage Group, Inc. 1 6.25% $4,081
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $7,587
    PLANET HOME LENDING, LLC 1 6.25% $4,645
    Prosperity Home Mortgage, LLC 1 6.13% $13,426
    Community First National Bank 1 7.25% $3,287
    Century Mortgage Company DBA Century Lending Company 1 6.75% $9,372
    BancorpSouth 1 6.63% $5,053
    Renasant Bank 1 6.25% $17,187
    RESIDENTIAL BANCORP 1 5.75% $4,882
    SOUTHWEST STAGE FUNDING, LLC 1 7.38% $0
    The Federal Savings Bank 1 6.63% $14,383
    TJC Mortgage, Inc. 1 6.13% $6,606
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.63% $4,456
    FLAT BRANCH MORTGAGE, INC. 1 5.75% $6,069
    Hamilton Mortgage Corporation 1 6.50% $3,805
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $5,749
    Flagstar Bank, FSB 1 5.75% $6,787

    The top Albertville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $7,862, which is $683 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Albertville VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,179), Mortgage Research Center, LLC ($7,862), QUICKEN LOANS, LLC ($10,327), .

    The lowest rate Albertville VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.20%), UNITED WHOLESALE MORTGAGE, LLC (6.22%), Mortgage Research Center, LLC (6.62%), .

    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%) $261,445 (4.7%) 0.00 425
    2018-02-01 $170,000 (0.1%) $260,392 (4.1%) 0.00 419
    2018-03-01 $179,900 (2.8%) $274,964 (5.2%) 0.00 420
    2018-04-01 $184,900 (2.9%) $274,759 (3.7%) 0.00 419
    2018-05-01 $185,750 (0.8%) $280,540 (3.9%) 0.00 424
    2018-06-01 $198,950 (6.3%) $282,349 (5.6%) 0.00 416
    2018-07-01 $192,400 (3.2%) $276,363 (3.5%) 0.00 409
    2018-08-01 $189,025 (-1.0%) $273,941 (0.9%) 0.00 413
    2018-09-01 $195,700 (0.4%) $277,743 (2.5%) 0.00 425
    2018-10-01 $199,900 (6.7%) $289,067 (6.7%) 0.00 393
    2018-11-01 $222,400 (23.6%) $302,120 (14.7%) 0.00 360
    2018-12-01 $224,900 (24.1%) $308,709 (18.0%) 0.00 347
    2019-01-01 $219,500 (22.0%) $296,894 (13.6%) 0.00 363
    2019-02-01 $229,900 (35.2%) $305,182 (17.2%) 0.00 345
    2019-03-01 $229,921 (27.8%) $305,448 (11.1%) 0.00 351
    2019-04-01 $229,946 (24.4%) $309,023 (12.5%) 0.00 362
    2019-05-01 $229,200 (23.4%) $315,337 (12.4%) 0.00 370
    2019-06-01 $239,900 (20.6%) $330,586 (17.1%) 0.00 370
    2019-07-01 $233,975 (21.6%) $326,257 (18.1%) 0.00 365
    2019-08-01 $229,691 (21.5%) $320,290 (16.9%) 0.00 360
    2019-09-01 $229,302 (17.2%) $316,945 (14.1%) 0.00 342
    2019-10-01 $228,500 (14.3%) $313,368 (8.4%) 0.00 329
    2019-11-01 $229,900 (3.4%) $315,503 (4.4%) 0.00 315
    2019-12-01 $225,100 (0.1%) $311,638 (1.0%) 0.00 301
    2020-01-01 $222,288 (1.3%) $309,768 (4.3%) 0.00 278
    2020-02-01 $234,900 (2.2%) $327,264 (7.2%) 0.00 269
    2020-03-01 $236,900 (3.0%) $337,032 (10.3%) 0.00 281
    2020-04-01 $239,600 (4.2%) $340,815 (10.3%) 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 (11.3%) 0.00 208
    2020-10-01 $259,000 (13.4%) $370,719 (18.3%) 0.00 197
    2020-11-01 $249,925 (8.7%) $356,694 (13.1%) 0.00 193
    2020-12-01 $247,475 (9.9%) $354,677 (13.8%) 0.00 180
    2021-01-01 $249,000 (12.0%) $354,585 (14.5%) 0.00 169
    2021-02-01 $261,250 (11.2%) $384,424 (17.5%) 0.00 125
    2021-03-01 $262,400 (10.8%) $405,454 (20.3%) 0.00 110
    2021-04-01 $266,200 (11.1%) $415,783 (22.0%) 0.00 111
    2021-05-01 $299,900 (25.0%) $427,828 (23.4%) 0.00 129
    2021-06-01 $301,175 (21.7%) $510,186 (45.0%) 0.00 111
    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 $272,450 (10.3%) $435,546 (23.4%) 0.00 142
    2021-10-01 $259,900 (0.4%) $415,701 (12.1%) 0.00 162
    2021-11-01 $284,250 (13.7%) $457,375 (28.2%) 0.00 159
    2021-12-01 $275,750 (11.4%) $438,373 (23.6%) 0.00 131
    2022-01-01 $284,400 (14.2%) $488,481 (37.8%) 0.00 118
    2022-02-01 $289,575 (10.8%) $491,651 (27.9%) 0.00 116
    2022-03-01 $307,425 (17.2%) $496,518 (22.5%) 0.00 126
    2022-04-01 $332,000 (24.7%) $501,458 (20.6%) 0.00 130
    2022-05-01 $357,925 (19.4%) $532,533 (24.5%) 0.00 143
    2022-06-01 $357,400 (18.7%) $519,544 (1.8%) 0.00 181
    2022-07-01 $339,450 (17.1%) $489,579 (2.8%) 0.00 198
    2022-08-01 $327,125 (11.6%) $490,614 (1.8%) 0.00 215
    2022-09-01 $319,900 (17.4%) $488,196 (12.1%) 0.00 219
    2022-10-01 $324,900 (25.0%) $485,500 (16.8%) 0.00 222
    2022-11-01 $359,990 (26.7%) $505,232 (10.5%) 0.00 220
    2022-12-01 $350,000 (26.9%) $528,914 (20.7%) 0.00 213
    2023-01-01 $351,823 (23.7%) $522,657 (7.0%) 0.00 216
    2023-02-01 $352,900 (21.9%) $518,308 (5.4%) 0.00 220
    2023-03-01 $354,900 (15.4%) $497,517 (0.2%) 0.00 227
    2023-04-01 $359,450 (8.3%) $505,262 (0.8%) 0.00 210
    2023-05-01 $359,870 (0.5%) $503,808 (-5.4%) 0.00 202
    2023-06-01 $365,950 (2.4%) $518,367 (-0.2%) 0.00 197
    2023-07-01 $379,900 (11.9%) $537,460 (9.8%) 0.00 196
    2023-08-01 $371,700 (13.6%) $507,186 (3.4%) 0.00 221
    2023-09-01 $366,995 (14.7%) $504,110 (3.3%) 0.00 246
    2023-10-01 $364,900 (12.3%) $494,321 (1.8%) 0.00 260
    2023-11-01 $357,200 (-0.8%) $476,780 (-5.6%) 0.00 278
    2023-12-01 $365,000 (4.3%) $495,594 (-6.3%) 0.00 268
    2024-01-01 $359,900 (2.3%) $485,605 (-7.1%) 0.00 245
    2024-02-01 $354,900 (0.6%) $465,516 (-10.2%) 0.00 259
    2024-03-01 $354,950 (0.0%) $475,101 (-4.5%) 0.00 250
    2024-04-01 $349,748 (-2.7%) $459,532 (-9.1%) 0.00 270
    2024-05-01 $347,175 (-3.5%) $483,346 (-4.1%) 0.00 306
    2024-06-01 $349,000 (-4.6%) $480,289 (-7.4%) 0.00 339
    2024-07-01 $329,450 (-13.3%) $455,028 (-15.3%) 0.00 385
    2024-08-01 $325,900 (-12.3%) $448,934 (-11.5%) 0.00 390
    2024-09-01 $315,475 (-14.0%) $430,895 (-14.5%) 0.00 423
    2024-10-01 $319,872 (-12.3%) $436,232 (-11.8%) 0.00 415
    Albertville's median listing price for 2024-10-01 was $319,872, a difference of $-45,028 (-12.3%) versus the prior year and $4,397 versus the prior month.

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

    Albertville's average listing price for 2024-10-01 was $436,232, a difference of $-58,089 (-11.8%) versus the prior year and $5,337 versus the prior month.

    For the 2024-10-01 period, Albertville had 415 MLS listings, a difference of -8 listings (-2%) versus the prior month and 155 listings (60%) 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 2,077 sqft
    2018-02-01 0 days 2,046 sqft
    2018-03-01 0 days 2,100 sqft
    2018-04-01 0 days 2,115 sqft
    2018-05-01 0 days 2,100 sqft
    2018-06-01 0 days 2,169 sqft
    2018-07-01 0 days 2,068 sqft
    2018-08-01 0 days 2,152 sqft
    2018-09-01 0 days 2,189 sqft
    2018-10-01 0 days 2,200 sqft
    2018-11-01 0 days 2,287 sqft
    2018-12-01 0 days 2,298 sqft
    2019-01-01 0 days 2,213 sqft
    2019-02-01 0 days 2,262 sqft
    2019-03-01 0 days 2,293 sqft
    2019-04-01 0 days 2,293 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 2,364 sqft
    2019-09-01 0 days 2,367 sqft
    2019-10-01 0 days 2,360 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 2,236 sqft
    2020-12-01 0 days 2,173 sqft
    2021-01-01 0 days 2,164 sqft
    2021-02-01 0 days 2,140 sqft
    2021-03-01 0 days 2,174 sqft
    2021-04-01 0 days 2,359 sqft
    2021-05-01 0 days 2,246 sqft
    2021-06-01 0 days 2,351 sqft
    2021-07-01 0 days 2,290 sqft
    2021-08-01 0 days 2,279 sqft
    2021-09-01 0 days 2,178 sqft
    2021-10-01 0 days 2,031 sqft
    2021-11-01 0 days 2,200 sqft
    2021-12-01 0 days 2,049 sqft
    2022-01-01 0 days 2,070 sqft
    2022-02-01 0 days 2,103 sqft
    2022-03-01 0 days 2,148 sqft
    2022-04-01 0 days 2,250 sqft
    2022-05-01 0 days 2,224 sqft
    2022-06-01 0 days 2,217 sqft
    2022-07-01 0 days 2,198 sqft
    2022-08-01 0 days 2,187 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 2,214 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
    2023-09-01 0 days 2,200 sqft
    2023-10-01 0 days 2,224 sqft
    2023-11-01 0 days 2,161 sqft
    2023-12-01 0 days 2,172 sqft
    2024-01-01 0 days 2,177 sqft
    2024-02-01 0 days 2,103 sqft
    2024-03-01 0 days 2,056 sqft
    2024-04-01 0 days 2,003 sqft
    2024-05-01 0 days 1,996 sqft
    2024-06-01 0 days 1,990 sqft
    2024-07-01 0 days 1,971 sqft
    2024-08-01 0 days 1,948 sqft
    2024-09-01 0 days 1,950 sqft
    2024-10-01 0 days 1,942 sqft
    Albertville's median listing age (time on market) for 2024-10-01 was 0 days.

    Albertville's median square footage for active listings during the 2024-10-01 period was 1,942 sqft. One year prior, the average listing was 2,224 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.