Anniston VA Loan Rates, Closing Costs & Stats

ANNISTON-OXFORD, AL

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 46 lenders originated 176 VA loans during 2023. The total origination value was $39,480,000, with an average VA loan value of $224,318.

Anniston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Anniston averaged 6.68% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Anniston's average VA mortgage closing costs are $4,360.

The average rate for the prior week (2024-07-12) was 6.72% and one month ago for the week of 2024-06-14, the average rate was 6.78%.

The average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.2%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 48 6.76% $2,606
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.65% $3,801
QUICKEN LOANS, LLC 12 6.35% $7,752
UNITED WHOLESALE MORTGAGE, LLC 10 6.61% $5,822
Ameris Bank 9 6.36% $3,246
NEW DAY FINANCIAL, LLC 9 7.29% $10,020
FREEDOM MORTGAGE CORPORATION 7 6.32% $11,733
VANDERBILT MORTGAGE AND FINANCE, INC. 6 7.13% $3,251
SUCCESS MORTGAGE PARTNERS, INC. 4 6.94% $6,180
ACOPIA, LLC 4 6.84% $2,027
USAA Federal Savings Bank 4 6.38% $3,891
The Federal Savings Bank 3 6.58% $6,692
NAVY FEDERAL CREDIT UNION 3 6.33% $2,177
Equity Prime Mortgage LLC 2 7.13% $7,885
AMERISAVE MORTGAGE CORPORATION 2 6.31% $11,931
CMG MORTGAGE, INC. 2 6.75% $15,690
First Federal Bank, A FSB 2 6.25% $6,857
GUILD MORTGAGE COMPANY 2 6.31% $5,012
HOMESTAR FINANCIAL CORPORATION 2 6.75% $3,582
LOANDEPOT.COM, LLC 2 7.12% $12,937
SouthPoint Bank 2 6.25% $9,314
VILLAGE CAPITAL MORTGAGE 2 6.50% $4,737
Mid-Continent Funding, Inc. 1 5.99% $4,555
MILEND, INC. 1 6.75% $8,584
MORTGAGE INVESTORS GROUP, INC. 1 6.50% $7,646
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $4,458
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.00% $0
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $7,541
Nations Lending Corporation 1 7.50% $5,535
GUARANTEED RATE, INC. 1 6.75% $2,410
FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $6,937
Plains Commerce Bank 1 6.50% $7,824
Prosperity Home Mortgage, LLC 1 7.00% $7,986
CARDINAL FINANCIAL 1 4.99% $2,191
Regions Bank 1 7.13% $4,160
Wells Fargo Bank 1 5.38% $5,060
Capital City Home Loans, LLC 1 7.25% $5,959
BROKER SOLUTIONS, INC. 1 6.49% $2,854
TJC Mortgage, Inc. 1 6.75% $0
Tyndall Federal Credit Union 1 6.25% $6,216
Barrington Bank & Trust Company, N.A. 1 7.25% $5,788
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $8,889
Valley National Bank 1 6.49% $2,635
HUNT MORTGAGE CORPORATION 1 6.63% $5,277
LEADERONE FINANCIAL CORPORATION 1 7.25% $5,441
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $12,757

The top Anniston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 48 VA loans originated. Their average total fees are $2,606, which is $1,195 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Anniston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,606), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,801), UNITED WHOLESALE MORTGAGE, LLC ($5,822), QUICKEN LOANS, LLC ($7,752) and .

The lowest rate Anniston VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.35%), UNITED WHOLESALE MORTGAGE, LLC (6.61%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.65%), Mortgage Research Center, LLC (6.76%) and .


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 (0.1%) 0.00 504
2018-03-01 $119,250 (-0.5%) $150,358 (-1.6%) 0.00 491
2018-04-01 $119,925 (-0.9%) $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 (0.8%) $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 (7.8%) $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 $128,550 (7.2%) $174,725 (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%) $182,809 (14.6%) 0.00 372
2019-07-01 $144,150 (14.4%) $189,453 (19.9%) 0.00 376
2019-08-01 $142,200 (13.9%) $186,627 (21.6%) 0.00 390
2019-09-01 $138,150 (10.6%) $182,175 (19.2%) 0.00 401
2019-10-01 $135,900 (8.8%) $179,878 (13.3%) 0.00 408
2019-11-01 $135,500 (8.4%) $182,411 (11.1%) 0.00 389
2019-12-01 $139,575 (11.7%) $182,975 (9.6%) 0.00 380
2020-01-01 $139,450 (16.4%) $182,927 (12.8%) 0.00 380
2020-02-01 $140,000 (16.8%) $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 (8.8%) $181,491 (3.9%) 0.00 359
2020-05-01 $139,900 (4.8%) $178,863 (-1.1%) 0.00 347
2020-06-01 $139,900 (3.7%) $185,223 (1.3%) 0.00 316
2020-07-01 $141,225 (-2.0%) $184,666 (-2.5%) 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 (7.3%) 0.00 233
2020-10-01 $154,900 (14.0%) $197,226 (9.6%) 0.00 222
2020-11-01 $159,900 (18.0%) $198,266 (8.7%) 0.00 199
2020-12-01 $150,150 (7.6%) $185,026 (1.1%) 0.00 199
2021-01-01 $149,900 (7.5%) $188,349 (3.0%) 0.00 184
2021-02-01 $153,900 (9.9%) $181,095 (-1.2%) 0.00 172
2021-03-01 $154,900 (10.7%) $183,937 (-0.7%) 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 (16.4%) 0.00 131
2021-06-01 $164,950 (17.9%) $203,238 (9.7%) 0.00 140
2021-07-01 $179,900 (27.4%) $215,237 (16.6%) 0.00 155
2021-08-01 $178,400 (18.8%) $223,495 (17.7%) 0.00 163
2021-09-01 $187,400 (22.0%) $230,843 (18.2%) 0.00 166
2021-10-01 $179,900 (16.1%) $235,935 (19.6%) 0.00 158
2021-11-01 $189,675 (18.6%) $238,366 (20.2%) 0.00 165
2021-12-01 $173,700 (15.7%) $242,192 (30.9%) 0.00 157
2022-01-01 $166,000 (10.7%) $231,041 (22.7%) 0.00 153
2022-02-01 $158,650 (3.1%) $206,191 (13.9%) 0.00 155
2022-03-01 $146,175 (-5.6%) $204,752 (11.3%) 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 (-4.1%) 0.00 231
2022-10-01 $187,450 (4.2%) $238,103 (0.9%) 0.00 233
2022-11-01 $187,050 (-1.4%) $243,385 (2.1%) 0.00 243
2022-12-01 $179,000 (3.1%) $238,517 (-1.5%) 0.00 231
2023-01-01 $182,999 (10.2%) $242,261 (4.9%) 0.00 208
2023-02-01 $173,775 (9.5%) $241,285 (17.0%) 0.00 197
2023-03-01 $178,875 (22.4%) $251,455 (22.8%) 0.00 163
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
2023-09-01 $202,450 (9.1%) $258,382 (16.7%) 0.00 212
2023-10-01 $199,900 (6.6%) $251,565 (5.7%) 0.00 233
2023-11-01 $208,155 (11.3%) $251,700 (3.4%) 0.00 223
2023-12-01 $199,900 (11.7%) $246,919 (3.5%) 0.00 226
2024-01-01 $201,250 (10.0%) $244,523 (0.9%) 0.00 214
2024-02-01 $207,661 (19.5%) $242,601 (0.6%) 0.00 204
2024-03-01 $200,000 (11.8%) $245,252 (-2.5%) 0.00 212
2024-04-01 $207,400 (15.6%) $251,555 (0.1%) 0.00 203
2024-05-01 $214,675 (8.6%) $255,526 (-1.7%) 0.00 210
2024-06-01 $215,900 (11.0%) $252,665 (0.0%) 0.00 250
Anniston's median listing price for 2024-06-01 was $215,900, a difference of $21,450 (11.0%) versus the prior year and $1,225 versus the prior month.

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

Anniston's average listing price for 2024-06-01 was $252,665, a difference of $-39 (0.0%) versus the prior year and $-2,861 versus the prior month.

For the 2024-06-01 period, Anniston had 250 MLS listings, a difference of 40 listings (19%) versus the prior month and 75 listings (43%) 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 1,757 sqft
2018-02-01 0 days 1,674 sqft
2018-03-01 0 days 1,653 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 1,743 sqft
2019-09-01 0 days 1,752 sqft
2019-10-01 0 days 1,750 sqft
2019-11-01 0 days 1,744 sqft
2019-12-01 0 days 1,756 sqft
2020-01-01 0 days 1,775 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 1,840 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 1,748 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 1,900 sqft
2021-10-01 0 days 1,889 sqft
2021-11-01 0 days 1,961 sqft
2021-12-01 0 days 1,947 sqft
2022-01-01 0 days 1,784 sqft
2022-02-01 0 days 1,589 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 1,853 sqft
2022-11-01 0 days 1,842 sqft
2022-12-01 0 days 1,812 sqft
2023-01-01 0 days 1,771 sqft
2023-02-01 0 days 1,757 sqft
2023-03-01 0 days 1,767 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
2023-09-01 0 days 1,860 sqft
2023-10-01 0 days 1,813 sqft
2023-11-01 0 days 1,792 sqft
2023-12-01 0 days 1,779 sqft
2024-01-01 0 days 1,764 sqft
2024-02-01 0 days 1,732 sqft
2024-03-01 0 days 1,756 sqft
2024-04-01 0 days 1,750 sqft
2024-05-01 0 days 1,749 sqft
2024-06-01 0 days 1,747 sqft
Anniston's median listing age (time on market) for 2024-06-01 was 0 days.

Anniston's median square footage for active listings during the 2024-06-01 period was 1,747 sqft. One year prior, the average listing was 1,836 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.