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 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.