Athens VA Loan Rates, Closing Costs & Stats

ATHENS-CLARKE COUNTY, 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.

    Athens's 48 lenders originated 140 VA loans during 2023. The total origination value was $46,980,000, with an average VA loan value of $335,571.

    Athens VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Athens averaged 6.45% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Athens's average VA mortgage closing costs are $5,981.

    The average rate for the prior week (2024-11-01) was 6.41% and one month ago for the week of 2024-10-04, the average rate was 5.53%.

    The average rate one year ago was 7.39%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.93%.

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

    Athens 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 Athens level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.50% $7,681
    QUICKEN LOANS, LLC 10 6.09% $12,919
    NAVY FEDERAL CREDIT UNION 9 5.97% $5,580
    UNITED WHOLESALE MORTGAGE, LLC 6 5.85% $10,774
    Regions Bank 5 5.65% $15,361
    LOANDEPOT.COM, LLC 5 6.02% $10,574
    GUARANTEED RATE, INC. 5 6.61% $5,436
    EVERETT FINANCIAL, INC. 4 6.56% $8,494
    FREEDOM MORTGAGE CORPORATION 4 6.75% $26,556
    FBC MORTGAGE, LLC 4 5.24% $2,985
    Colony Bank 3 6.04% $8,368
    The Federal Savings Bank 3 6.54% $13,644
    USAA Federal Savings Bank 3 6.50% $11,292
    NEW DAY FINANCIAL, LLC 3 7.45% $15,635
    BANKSOUTH MORTGAGE COMPANY, LLC 3 6.54% $11,318
    Bank of England 3 6.00% $8,341
    MOVEMENT MORTGAGE, LLC 3 6.54% $7,399
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.67% $8,559
    Prosperity Home Mortgage, LLC 2 5.63% $10,531
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $19,508
    PENNYMAC LOAN SERVICES, LLC 2 5.19% $12,087
    Flagstar Bank, FSB 2 6.81% $7,057
    MILEND, INC. 2 6.25% $11,584
    HOMESTAR FINANCIAL CORPORATION 2 7.00% $7,365
    VILLAGE CAPITAL MORTGAGE 1 5.13% $9,790
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $5,783
    Barrington Bank & Trust Company, N.A. 1 6.75% $14,302
    BNC National Bank 1 5.13% $9,802
    BROKER SOLUTIONS, INC. 1 5.49% $13,874
    Capital Bank 1 5.75% $9,385
    Cornerstone First Mortgage, Inc 1 5.75% $16,200
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $4,329
    Equity Prime Mortgage LLC 1 6.50% $8,807
    Farmers Bank & Trust 1 5.25% $9,503
    First Option Mortgage, LLC 1 7.00% $26,082
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.99% $2,140
    ISERVE RESIDENTIAL LENDING, LLC 1 7.63% $11,337
    MORTGAGE INVESTORS GROUP, INC. 1 7.13% $367
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $5,321
    OCMBC, INC. 1 5.75% $8,692
    Paramount Residential Mortgage Group, Inc. 1 5.50% $11,307
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $12,590
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.25% $4,955
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.38% $2,102
    STOCKTON MORTGAGE CORPORATION 1 5.75% $10,107
    The Central Trust Bank 1 5.25% $9,042
    Truist 1 6.75% $11,918
    ALAMEDA MORTGAGE CORPORATION 1 6.63% $13,845

    The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $7,681, which is $5,237 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,681), QUICKEN LOANS, LLC ($12,919), .

    The lowest rate Athens VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.09%), Mortgage Research Center, LLC (6.50%), .

    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.