Anniston VA Loan Rates, Closing Costs & Stats

ANNISTON-OXFORD, 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.

    Anniston's 59 lenders originated 290 VA loans during 2022. The total origination value was $60,250,000, with an average VA loan value of $207,759.

    Anniston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Anniston averaged 6.64% for the week of 2023-09-22, compared to the national average (all VA variants) of 6.823% for the same period.

    Anniston's average VA mortgage closing costs are $4,262.

    The average rate for the prior week (2023-09-15) was 6.62% and one month ago for the week of 2023-08-18, the average rate was 6.7%.

    The average rate one year ago was 5.57%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.65%.

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

    Anniston 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 Anniston level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 36 5.29% $4,715
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 4.62% $4,231
    QUICKEN LOANS, LLC 24 4.30% $7,328
    Ameris Bank 22 4.05% $5,109
    NEW DAY FINANCIAL, LLC 12 5.04% $6,329
    FREEDOM MORTGAGE CORPORATION 11 4.49% $8,362
    PENNYMAC LOAN SERVICES, LLC 10 3.80% $6,402
    SUCCESS MORTGAGE PARTNERS, INC. 10 4.68% $5,680
    VANDERBILT MORTGAGE AND FINANCE, INC. 8 4.89% $4,618
    LOANDEPOT.COM, LLC 7 5.52% $11,181
    Truist 6 4.41% $4,157
    HUNT MORTGAGE CORPORATION 5 5.13% $3,208
    NAVY FEDERAL CREDIT UNION 5 4.63% $3,728
    GUILD MORTGAGE COMPANY 5 5.38% $4,804
    UNITED WHOLESALE MORTGAGE, LLC 5 5.27% $7,902
    HOME POINT FINANCIAL CORPORATION 5 4.30% $10,064
    SouthPoint Bank 5 4.43% $3,164
    Mr. Cooper ( Nationstar Mortgage ) 4 4.59% $8,697
    LAKEVIEW LOAN SERVICING, LLC 4 2.72% $2,337
    SOUTHWEST FUNDING, LP 4 4.47% $6,698
    USAA Federal Savings Bank 4 4.47% $7,485
    VILLAGE CAPITAL MORTGAGE 3 4.58% $8,739
    Mid-Continent Funding, Inc. 3 3.79% $4,609
    Wells Fargo Bank 2 4.44% $2,322
    AMERISAVE MORTGAGE CORPORATION 2 4.69% $12,345
    BAYSHORE MORTGAGE FUNDING, LLC 2 5.13% $3,111
    Carrington Mortgage Services, LLC 2 5.31% $5,967
    CROSSCOUNTRY MORTGAGE, LLC 2 4.53% $12,270
    FBC MORTGAGE, LLC 2 4.75% $14,146
    Magnolia Bank 2 4.06% $10,258
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.75% $7,743
    Nations Lending Corporation 2 5.00% $8,326
    MILEND, INC. 1 6.63% $5,937
    HomePromise Corporation 1 5.50% $7,136
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $3,889
    MOVEMENT MORTGAGE, LLC 1 4.25% $11,956
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $648
    ACOPIA, LLC 1 3.75% $4,088
    First Federal Bank, A FSB 1 5.38% $4,429
    NETWORK CAPITAL FUNDING CORPORATION 1 4.75% $7,648
    FIRST COMMUNITY MORTGAGE, INC. 1 4.75% $3,041
    Paramount Residential Mortgage Group, Inc. 1 4.75% $2,850
    FirstBank 1 5.25% $0
    POLARIS HOME FUNDING CORP. 1 6.75% $8,856
    EVERETT FINANCIAL, INC. 1 5.63% $9,158
    Renasant Bank 1 2.75% $2,973
    S1L, Inc. 1 3.00% $3,575
    EVANSVILLE TEACHERS 1 3.25% $3,500
    CONTOUR MORTGAGE CORPORATION 1 5.75% $13,020
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.25% $13,226
    CMG MORTGAGE, INC. 1 5.63% $8,272
    The Federal Savings Bank 1 4.75% $9,942
    CLEARPATH LENDING 1 4.50% $9,467
    Trustmark National Bank 1 6.50% $352
    BROKER SOLUTIONS, INC. 1 3.63% $2,487
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $6,751
    HOMESPIRE MORTGAGE CORPORATION 1 5.75% $1,043
    Armed Forces Bank 1 2.25% $411
    HOMESIDE FINANCIAL, LLC 1 5.63% $2,403

    The top Anniston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 36 VA loans originated. Their average total fees are $4,715, which is $483 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Anniston VA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,231), Mortgage Research Center, LLC ($4,715), Ameris Bank ($5,109), SUCCESS MORTGAGE PARTNERS, INC. ($5,680) and NEW DAY FINANCIAL, LLC ($6,329).

    The lowest rate Anniston VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.80%), Ameris Bank (4.05%), QUICKEN LOANS, LLC (4.30%), FREEDOM MORTGAGE CORPORATION (4.49%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.62%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Anniston (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 $119,900 (9.1%) $152,178 (7.0%) 0.00 482
    2018-02-01 $118,250 (0.7%) $148,230 (0.2%) 0.00 504
    2018-03-01 $119,250 (-0.5%) $150,358 (-1.6%) 0.00 491
    2018-04-01 $119,925 (-0.5%) $155,667 (1.6%) 0.00 477
    2018-05-01 $121,450 (1.3%) $159,421 (5.2%) 0.00 465
    2018-06-01 $124,900 (4.1%) $159,461 (4.3%) 0.00 476
    2018-07-01 $125,975 (0.9%) $157,995 (2.0%) 0.00 489
    2018-08-01 $124,900 (0.0%) $153,433 (-1.8%) 0.00 509
    2018-09-01 $124,900 (5.0%) $152,804 (0.8%) 0.00 495
    2018-10-01 $124,900 (8.0%) $158,790 (4.5%) 0.00 480
    2018-11-01 $125,000 (5.0%) $164,160 (8.6%) 0.00 461
    2018-12-01 $125,000 (4.2%) $166,912 (8.9%) 0.00 449
    2019-01-01 $119,800 (-0.1%) $162,130 (6.5%) 0.00 436
    2019-02-01 $119,900 (1.4%) $163,701 (10.4%) 0.00 406
    2019-03-01 $123,029 (3.2%) $169,435 (12.7%) 0.00 381
    2019-04-01 $128,450 (7.1%) $174,595 (12.2%) 0.00 368
    2019-05-01 $133,450 (9.9%) $180,892 (13.5%) 0.00 375
    2019-06-01 $134,950 (8.1%) $182,977 (14.8%) 0.00 371
    2019-07-01 $144,175 (14.5%) $189,655 (20.0%) 0.00 375
    2019-08-01 $142,236 (13.9%) $186,704 (21.7%) 0.00 389
    2019-09-01 $138,166 (10.6%) $182,200 (19.2%) 0.00 399
    2019-10-01 $135,600 (8.6%) $179,873 (13.3%) 0.00 406
    2019-11-01 $135,000 (8.0%) $182,414 (11.1%) 0.00 388
    2019-12-01 $139,350 (11.5%) $182,883 (9.6%) 0.00 379
    2020-01-01 $139,200 (16.2%) $182,834 (12.8%) 0.00 379
    2020-02-01 $139,900 (16.7%) $183,249 (11.9%) 0.00 388
    2020-03-01 $139,950 (13.8%) $185,265 (9.3%) 0.00 357
    2020-04-01 $139,900 (8.9%) $181,491 (4.0%) 0.00 359
    2020-05-01 $139,900 (4.8%) $179,619 (-0.7%) 0.00 347
    2020-06-01 $139,925 (3.7%) $186,217 (1.8%) 0.00 317
    2020-07-01 $141,225 (-2.1%) $185,153 (-2.4%) 0.00 321
    2020-08-01 $150,200 (5.6%) $189,844 (1.7%) 0.00 274
    2020-09-01 $153,675 (11.2%) $195,376 (7.2%) 0.00 233
    2020-10-01 $154,900 (14.2%) $197,226 (9.7%) 0.00 222
    2020-11-01 $159,900 (18.4%) $198,266 (8.7%) 0.00 199
    2020-12-01 $150,150 (7.8%) $185,026 (1.2%) 0.00 199
    2021-01-01 $149,900 (7.7%) $188,349 (3.0%) 0.00 184
    2021-02-01 $153,900 (10.0%) $181,095 (-1.2%) 0.00 172
    2021-03-01 $154,900 (10.7%) $184,205 (-0.6%) 0.00 149
    2021-04-01 $167,450 (19.7%) $211,619 (16.6%) 0.00 131
    2021-05-01 $164,950 (17.9%) $208,164 (15.9%) 0.00 131
    2021-06-01 $164,950 (17.9%) $203,238 (9.1%) 0.00 140
    2021-07-01 $179,900 (27.4%) $215,237 (16.3%) 0.00 155
    2021-08-01 $178,400 (18.8%) $223,495 (17.7%) 0.00 163
    2021-09-01 $187,425 (22.0%) $235,132 (20.4%) 0.00 167
    2021-10-01 $184,450 (19.1%) $240,335 (21.9%) 0.00 159
    2021-11-01 $189,900 (18.8%) $242,441 (22.3%) 0.00 166
    2021-12-01 $175,000 (16.6%) $246,477 (33.2%) 0.00 158
    2022-01-01 $167,500 (11.7%) $235,916 (25.3%) 0.00 154
    2022-02-01 $159,900 (3.9%) $210,857 (16.4%) 0.00 156
    2022-03-01 $146,175 (-5.6%) $204,752 (11.2%) 0.00 146
    2022-04-01 $153,500 (-8.3%) $201,257 (-4.9%) 0.00 153
    2022-05-01 $164,950 (0.0%) $212,315 (2.0%) 0.00 170
    2022-06-01 $178,450 (8.2%) $215,451 (6.0%) 0.00 190
    2022-07-01 $175,000 (-2.7%) $203,109 (-5.6%) 0.00 220
    2022-08-01 $182,650 (2.4%) $214,199 (-4.2%) 0.00 230
    2022-09-01 $185,575 (-1.0%) $221,363 (-5.9%) 0.00 232
    2022-10-01 $187,450 (1.6%) $238,405 (-0.8%) 0.00 234
    2022-11-01 $187,450 (-1.3%) $243,721 (0.5%) 0.00 244
    2022-12-01 $179,900 (2.8%) $239,572 (-2.8%) 0.00 234
    2023-01-01 $186,067 (11.1%) $243,936 (3.4%) 0.00 212
    2023-02-01 $174,950 (9.4%) $243,090 (15.3%) 0.00 201
    2023-03-01 $179,450 (22.8%) $252,637 (23.4%) 0.00 165
    2023-04-01 $179,450 (16.9%) $251,262 (24.9%) 0.00 174
    2023-05-01 $197,675 (19.8%) $259,884 (22.4%) 0.00 181
    2023-06-01 $194,450 (9.0%) $252,704 (17.3%) 0.00 175
    2023-07-01 $199,900 (14.2%) $259,247 (27.6%) 0.00 195
    2023-08-01 $204,900 (12.2%) $257,515 (20.2%) 0.00 195
    Anniston's median listing price for 2023-08-01 was $204,900, a difference of $22,250 (12.2%) versus the prior year and $5,000 versus the prior month.

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

    Anniston's average listing price for 2023-08-01 was $257,515, a difference of $43,316 (20.2%) versus the prior year and $-1,732 versus the prior month.

    For the 2023-08-01 period, Anniston had 195 MLS listings, a difference of 0 listings (0%) versus the prior month and -35 listings (-15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Anniston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,685 sqft
    2018-02-01 0 days 1,648 sqft
    2018-03-01 0 days 1,648 sqft
    2018-04-01 0 days 1,667 sqft
    2018-05-01 0 days 1,660 sqft
    2018-06-01 0 days 1,658 sqft
    2018-07-01 0 days 1,662 sqft
    2018-08-01 0 days 1,662 sqft
    2018-09-01 0 days 1,648 sqft
    2018-10-01 0 days 1,642 sqft
    2018-11-01 0 days 1,663 sqft
    2018-12-01 0 days 1,653 sqft
    2019-01-01 0 days 1,626 sqft
    2019-02-01 0 days 1,642 sqft
    2019-03-01 0 days 1,654 sqft
    2019-04-01 0 days 1,647 sqft
    2019-05-01 0 days 1,662 sqft
    2019-06-01 0 days 1,706 sqft
    2019-07-01 0 days 1,737 sqft
    2019-08-01 0 days 1,739 sqft
    2019-09-01 0 days 1,748 sqft
    2019-10-01 0 days 1,746 sqft
    2019-11-01 0 days 1,741 sqft
    2019-12-01 0 days 1,754 sqft
    2020-01-01 0 days 1,772 sqft
    2020-02-01 0 days 1,825 sqft
    2020-03-01 0 days 1,852 sqft
    2020-04-01 0 days 1,842 sqft
    2020-05-01 0 days 1,830 sqft
    2020-06-01 0 days 1,843 sqft
    2020-07-01 0 days 1,849 sqft
    2020-08-01 0 days 1,845 sqft
    2020-09-01 0 days 1,831 sqft
    2020-10-01 0 days 1,823 sqft
    2020-11-01 0 days 1,806 sqft
    2020-12-01 0 days 1,770 sqft
    2021-01-01 0 days 1,781 sqft
    2021-02-01 0 days 1,765 sqft
    2021-03-01 0 days 1,755 sqft
    2021-04-01 0 days 1,845 sqft
    2021-05-01 0 days 1,830 sqft
    2021-06-01 0 days 1,890 sqft
    2021-07-01 0 days 1,889 sqft
    2021-08-01 0 days 1,846 sqft
    2021-09-01 0 days 1,903 sqft
    2021-10-01 0 days 1,891 sqft
    2021-11-01 0 days 1,971 sqft
    2021-12-01 0 days 1,953 sqft
    2022-01-01 0 days 1,792 sqft
    2022-02-01 0 days 1,592 sqft
    2022-03-01 0 days 1,615 sqft
    2022-04-01 0 days 1,614 sqft
    2022-05-01 0 days 1,717 sqft
    2022-06-01 0 days 1,746 sqft
    2022-07-01 0 days 1,775 sqft
    2022-08-01 0 days 1,795 sqft
    2022-09-01 0 days 1,793 sqft
    2022-10-01 0 days 1,847 sqft
    2022-11-01 0 days 1,842 sqft
    2022-12-01 0 days 1,824 sqft
    2023-01-01 0 days 1,771 sqft
    2023-02-01 0 days 1,757 sqft
    2023-03-01 0 days 1,766 sqft
    2023-04-01 0 days 1,700 sqft
    2023-05-01 0 days 1,811 sqft
    2023-06-01 0 days 1,836 sqft
    2023-07-01 0 days 1,883 sqft
    2023-08-01 0 days 1,841 sqft
    Anniston's median listing age (time on market) for 2023-08-01 was 0 days.

    Anniston's median square footage for active listings during the 2023-08-01 period was 1,841 sqft. One year prior, the average listing was 1,795 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.