Americus VA Loan Rates, Closing Costs & Stats

Americus, GA

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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.

    Americus's 12 lenders originated 27 VA loans during 2023. The total origination value was $5,345,000, with an average VA loan value of $197,963.

    Americus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Americus averaged 7.2% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Americus's average VA mortgage closing costs are $4,505.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Americus 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 Americus level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 5 6.75% $4,474
    QUICKEN LOANS, LLC 4 6.78% $5,047
    NAVY FEDERAL CREDIT UNION 3 6.25% $2,085
    CROSSCOUNTRY MORTGAGE, LLC 3 6.67% $4,612
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.13% $11,610
    Equity Prime Mortgage LLC 2 7.19% $3,472
    Flagstar Bank, FSB 1 7.25% $4,869
    CMG MORTGAGE, INC. 1 7.49% $4,451
    Capital City Home Loans, LLC 1 6.50% $3,331
    USAA Federal Savings Bank 1 6.25% $2,014
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $4,430
    VILLAGE CAPITAL MORTGAGE 1 6.50% $5,921

    The top Americus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $4,474, which is $573 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Americus VA lenders (with over 10 loans originated) are .

    The lowest rate Americus VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Americus (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 $123,750 (-4.1%) $179,699 (4.4%) 0.00 145
    2018-02-01 $119,950 (-7.1%) $172,987 (-2.5%) 0.00 150
    2018-03-01 $126,750 (1.6%) $175,911 (0.5%) 0.00 142
    2018-04-01 $124,900 (-0.9%) $174,540 (1.5%) 0.00 137
    2018-05-01 $125,975 (-2.3%) $171,851 (-0.1%) 0.00 126
    2018-06-01 $127,000 (-1.9%) $172,898 (2.3%) 0.00 126
    2018-07-01 $123,750 (-4.7%) $160,150 (-8.8%) 0.00 135
    2018-08-01 $124,925 (2.2%) $158,929 (-14.1%) 0.00 132
    2018-09-01 $127,450 (6.3%) $157,430 (-16.5%) 0.00 131
    2018-10-01 $139,250 (17.2%) $162,031 (-11.0%) 0.00 133
    2018-11-01 $148,500 (27.9%) $166,226 (-4.5%) 0.00 123
    2018-12-01 $154,900 (29.1%) $170,548 (-4.4%) 0.00 120
    2019-01-01 $153,675 (24.2%) $167,792 (-6.6%) 0.00 109
    2019-02-01 $149,950 (25.0%) $165,376 (-4.4%) 0.00 112
    2019-03-01 $144,207 (13.8%) $163,269 (-7.2%) 0.00 112
    2019-04-01 $149,950 (20.1%) $167,786 (-3.9%) 0.00 108
    2019-05-01 $139,900 (11.1%) $161,487 (-6.0%) 0.00 110
    2019-06-01 $139,900 (10.2%) $162,660 (-5.9%) 0.00 102
    2019-07-01 $139,900 (13.1%) $170,524 (6.5%) 0.00 104
    2019-08-01 $144,964 (16.0%) $170,421 (7.2%) 0.00 111
    2019-09-01 $144,984 (13.8%) $168,789 (7.2%) 0.00 118
    2019-10-01 $144,998 (4.1%) $166,392 (2.7%) 0.00 123
    2019-11-01 $154,500 (4.0%) $168,040 (1.1%) 0.00 123
    2019-12-01 $159,500 (3.0%) $173,297 (1.6%) 0.00 116
    2020-01-01 $156,750 (2.0%) $173,223 (3.2%) 0.00 113
    2020-02-01 $163,352 (8.9%) $174,578 (5.6%) 0.00 111
    2020-03-01 $164,500 (14.1%) $180,421 (10.5%) 0.00 103
    2020-04-01 $167,425 (11.7%) $186,061 (10.9%) 0.00 94
    2020-05-01 $168,100 (20.2%) $183,171 (13.4%) 0.00 81
    2020-06-01 $162,202 (15.9%) $176,920 (8.8%) 0.00 67
    2020-07-01 $163,352 (16.8%) $177,985 (4.4%) 0.00 58
    2020-08-01 $119,500 (-17.6%) $176,098 (3.3%) 0.00 49
    2020-09-01 $133,675 (-7.8%) $168,537 (-0.2%) 0.00 48
    2020-10-01 $139,900 (-3.5%) $157,351 (-5.4%) 0.00 44
    2020-11-01 $153,675 (-0.5%) $172,393 (2.6%) 0.00 46
    2020-12-01 $153,653 (-3.7%) $179,895 (3.8%) 0.00 46
    2021-01-01 $152,653 (-2.6%) $168,846 (-2.5%) 0.00 47
    2021-02-01 $156,000 (-4.5%) $188,405 (7.9%) 0.00 43
    2021-03-01 $139,902 (-15.0%) $187,549 (4.0%) 0.00 38
    2021-04-01 $126,127 (-24.7%) $183,072 (-1.6%) 0.00 36
    2021-05-01 $164,000 (-2.4%) $209,186 (14.2%) 0.00 34
    2021-06-01 $170,500 (5.1%) $219,160 (23.9%) 0.00 38
    2021-07-01 $145,950 (-10.7%) $199,440 (12.1%) 0.00 42
    2021-08-01 $149,900 (25.4%) $206,862 (17.5%) 0.00 56
    2021-09-01 $149,900 (12.1%) $206,489 (22.5%) 0.00 54
    2021-10-01 $164,500 (17.6%) $234,509 (49.0%) 0.00 53
    2021-11-01 $155,000 (0.9%) $253,082 (46.8%) 0.00 54
    2021-12-01 $151,500 (-1.4%) $243,758 (35.5%) 0.00 44
    2022-01-01 $149,950 (-1.8%) $242,338 (43.5%) 0.00 40
    2022-02-01 $140,600 (-9.9%) $222,360 (18.0%) 0.00 45
    2022-03-01 $142,450 (1.8%) $235,251 (25.4%) 0.00 44
    2022-04-01 $137,450 (9.0%) $221,058 (20.8%) 0.00 39
    2022-05-01 $138,075 (-15.8%) $211,008 (0.9%) 0.00 35
    2022-06-01 $159,950 (-6.2%) $223,611 (2.0%) 0.00 38
    2022-07-01 $195,000 (33.6%) $274,055 (37.4%) 0.00 46
    2022-08-01 $250,475 (67.1%) $303,387 (46.7%) 0.00 44
    2022-09-01 $209,450 (39.7%) $278,564 (34.9%) 0.00 49
    2022-10-01 $215,000 (30.7%) $275,878 (17.6%) 0.00 52
    2022-11-01 $174,950 (12.9%) $272,254 (7.6%) 0.00 47
    2022-12-01 $202,450 (33.6%) $282,711 (16.0%) 0.00 46
    2023-01-01 $159,900 (6.6%) $267,129 (10.2%) 0.00 46
    2023-02-01 $166,250 (18.2%) $267,003 (20.1%) 0.00 40
    2023-03-01 $180,600 (26.8%) $266,419 (13.3%) 0.00 42
    2023-04-01 $199,000 (44.8%) $281,928 (27.5%) 0.00 44
    2023-05-01 $199,225 (44.3%) $303,217 (43.7%) 0.00 40
    2023-06-01 $184,000 (15.0%) $284,163 (27.1%) 0.00 46
    2023-07-01 $209,900 (7.6%) $361,262 (31.8%) 0.00 51
    2023-08-01 $218,725 (-12.7%) $364,261 (20.1%) 0.00 49
    2023-09-01 $248,500 (18.6%) $350,242 (25.7%) 0.00 52
    2023-10-01 $222,225 (3.4%) $355,382 (28.8%) 0.00 45
    2023-11-01 $249,925 (42.9%) $342,946 (26.0%) 0.00 41
    2023-12-01 $249,000 (23.0%) $318,962 (12.8%) 0.00 41
    2024-01-01 $234,500 (46.7%) $288,207 (7.9%) 0.00 42
    2024-02-01 $250,000 (50.4%) $295,235 (10.6%) 0.00 42
    2024-03-01 $238,950 (32.3%) $279,836 (5.0%) 0.00 43
    Americus's median listing price for 2024-03-01 was $238,950, a difference of $58,350 (32.3%) versus the prior year and $-11,050 versus the prior month.

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

    Americus's average listing price for 2024-03-01 was $279,836, a difference of $13,417 (5.0%) versus the prior year and $-15,399 versus the prior month.

    For the 2024-03-01 period, Americus had 43 MLS listings, a difference of 1 listings (2%) versus the prior month and 1 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Americus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,814 sqft
    2018-02-01 0 days 1,800 sqft
    2018-03-01 0 days 1,824 sqft
    2018-04-01 0 days 1,839 sqft
    2018-05-01 0 days 1,785 sqft
    2018-06-01 0 days 1,757 sqft
    2018-07-01 0 days 1,784 sqft
    2018-08-01 0 days 1,842 sqft
    2018-09-01 0 days 1,840 sqft
    2018-10-01 0 days 1,863 sqft
    2018-11-01 0 days 1,915 sqft
    2018-12-01 0 days 1,915 sqft
    2019-01-01 0 days 1,844 sqft
    2019-02-01 0 days 1,876 sqft
    2019-03-01 0 days 1,846 sqft
    2019-04-01 0 days 1,849 sqft
    2019-05-01 0 days 1,827 sqft
    2019-06-01 0 days 1,822 sqft
    2019-07-01 0 days 1,770 sqft
    2019-08-01 0 days 1,815 sqft
    2019-09-01 0 days 1,821 sqft
    2019-10-01 0 days 1,825 sqft
    2019-11-01 0 days 1,840 sqft
    2019-12-01 0 days 1,850 sqft
    2020-01-01 0 days 1,912 sqft
    2020-02-01 0 days 1,910 sqft
    2020-03-01 0 days 2,050 sqft
    2020-04-01 0 days 2,042 sqft
    2020-05-01 0 days 2,020 sqft
    2020-06-01 0 days 1,883 sqft
    2020-07-01 0 days 1,928 sqft
    2020-08-01 0 days 1,955 sqft
    2020-09-01 0 days 1,883 sqft
    2020-10-01 0 days 1,789 sqft
    2020-11-01 0 days 1,956 sqft
    2020-12-01 0 days 1,943 sqft
    2021-01-01 0 days 1,806 sqft
    2021-02-01 0 days 1,896 sqft
    2021-03-01 0 days 1,817 sqft
    2021-04-01 0 days 1,722 sqft
    2021-05-01 0 days 1,692 sqft
    2021-06-01 0 days 1,861 sqft
    2021-07-01 0 days 1,692 sqft
    2021-08-01 0 days 1,949 sqft
    2021-09-01 0 days 1,931 sqft
    2021-10-01 0 days 1,817 sqft
    2021-11-01 0 days 1,986 sqft
    2021-12-01 0 days 1,942 sqft
    2022-01-01 0 days 1,873 sqft
    2022-02-01 0 days 1,814 sqft
    2022-03-01 0 days 1,806 sqft
    2022-04-01 0 days 1,833 sqft
    2022-05-01 0 days 1,934 sqft
    2022-06-01 0 days 2,045 sqft
    2022-07-01 0 days 2,016 sqft
    2022-08-01 0 days 2,104 sqft
    2022-09-01 0 days 2,076 sqft
    2022-10-01 0 days 1,995 sqft
    2022-11-01 0 days 1,908 sqft
    2022-12-01 0 days 1,813 sqft
    2023-01-01 0 days 1,682 sqft
    2023-02-01 0 days 1,739 sqft
    2023-03-01 0 days 1,911 sqft
    2023-04-01 0 days 1,999 sqft
    2023-05-01 0 days 1,847 sqft
    2023-06-01 0 days 1,758 sqft
    2023-07-01 0 days 1,930 sqft
    2023-08-01 0 days 1,704 sqft
    2023-09-01 0 days 2,056 sqft
    2023-10-01 0 days 2,043 sqft
    2023-11-01 0 days 2,044 sqft
    2023-12-01 0 days 2,038 sqft
    2024-01-01 0 days 2,028 sqft
    2024-02-01 0 days 2,070 sqft
    2024-03-01 0 days 2,129 sqft
    Americus's median listing age (time on market) for 2024-03-01 was 0 days.

    Americus's median square footage for active listings during the 2024-03-01 period was 2,129 sqft. One year prior, the average listing was 1,911 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.