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 6.19% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.02% and one month ago for the week of 2024-11-08, the average rate was 6.42%.

    The average rate one year ago was 6.57%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.87%.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Athens (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 $269,900 (12.6%) $318,703 (11.9%) 1.00 583
    2018-02-01 $282,450 (11.6%) $324,792 (10.9%) 1.03 645
    2018-03-01 $285,000 (9.7%) $330,698 (12.6%) 1.00 691
    2018-04-01 $293,500 (12.9%) $349,023 (15.4%) 1.00 711
    2018-05-01 $294,600 (7.6%) $350,977 (14.2%) 0.98 723
    2018-06-01 $294,000 (6.3%) $353,520 (15.5%) 0.98 735
    2018-07-01 $284,900 (2.3%) $348,509 (11.7%) 0.95 742
    2018-08-01 $275,875 (0.3%) $341,649 (8.9%) 0.92 744
    2018-09-01 $275,000 (2.2%) $337,563 (9.6%) 0.92 775
    2018-10-01 $269,425 (-0.1%) $324,755 (4.2%) 0.91 771
    2018-11-01 $264,700 (-1.9%) $321,391 (3.3%) 0.90 749
    2018-12-01 $269,450 (-0.2%) $325,624 (2.9%) 0.93 696
    2019-01-01 $278,374 (3.1%) $331,882 (4.1%) 0.96 638
    2019-02-01 $289,450 (2.5%) $346,882 (6.8%) 0.98 690
    2019-03-01 $294,529 (3.3%) $354,208 (7.1%) 0.96 681
    2019-04-01 $306,200 (4.3%) $370,866 (6.3%) 0.97 661
    2019-05-01 $315,075 (7.0%) $376,603 (7.3%) 0.98 651
    2019-06-01 $309,000 (5.1%) $373,525 (5.7%) 0.97 665
    2019-07-01 $298,500 (4.8%) $368,382 (5.7%) 0.93 668
    2019-08-01 $295,909 (7.3%) $363,965 (6.5%) 0.94 648
    2019-09-01 $292,023 (6.2%) $360,844 (6.9%) 0.93 635
    2019-10-01 $291,182 (8.1%) $361,525 (11.3%) 0.94 618
    2019-11-01 $298,154 (12.6%) $377,867 (17.6%) 0.98 576
    2019-12-01 $288,875 (7.2%) $375,713 (15.4%) 0.96 558
    2020-01-01 $287,000 (3.1%) $381,826 (15.1%) 0.96 506
    2020-02-01 $309,950 (7.1%) $397,176 (14.5%) 1.01 509
    2020-03-01 $314,871 (6.9%) $406,368 (14.7%) 0.99 537
    2020-04-01 $320,115 (4.5%) $402,254 (8.5%) 1.00 556
    2020-05-01 $324,500 (3.0%) $407,465 (8.2%) 0.99 537
    2020-06-01 $327,900 (6.1%) $416,180 (11.4%) 0.97 499
    2020-07-01 $314,675 (5.4%) $404,156 (9.7%) 0.91 506
    2020-08-01 $299,950 (1.4%) $400,447 (10.0%) 0.86 499
    2020-09-01 $312,750 (7.1%) $399,032 (10.6%) 0.90 443
    2020-10-01 $315,490 (8.4%) $408,710 (13.1%) 0.90 397
    2020-11-01 $320,763 (7.6%) $412,131 (9.1%) 0.94 363
    2020-12-01 $322,663 (11.7%) $428,632 (14.1%) 0.96 326
    2021-01-01 $325,000 (13.2%) $432,831 (13.4%) 0.97 283
    2021-02-01 $344,829 (11.3%) $451,189 (13.6%) 1.00 250
    2021-03-01 $366,750 (16.5%) $449,826 (10.7%) 1.04 232
    2021-04-01 $371,700 (16.1%) $453,729 (12.8%) 1.01 243
    2021-05-01 $369,450 (13.9%) $469,137 (15.1%) 0.98 245
    2021-06-01 $359,975 (9.8%) $474,711 (14.1%) 0.95 296
    2021-07-01 $368,750 (17.2%) $474,014 (17.3%) 0.97 347
    2021-08-01 $349,900 (16.7%) $448,667 (12.0%) 0.93 339
    2021-09-01 $349,900 (11.9%) $447,954 (12.3%) 0.93 329
    2021-10-01 $339,850 (7.7%) $449,279 (9.9%) 0.91 309
    2021-11-01 $348,500 (8.7%) $480,346 (16.6%) 0.93 258
    2021-12-01 $349,725 (8.4%) $494,320 (15.3%) 0.95 208
    2022-01-01 $365,000 (12.3%) $518,308 (19.8%) 0.99 178
    2022-02-01 $374,950 (8.7%) $499,023 (10.6%) 0.98 184
    2022-03-01 $394,250 (7.5%) $513,171 (14.1%) 0.99 186
    2022-04-01 $382,450 (2.9%) $511,244 (12.7%) 0.91 214
    2022-05-01 $359,925 (-2.6%) $508,516 (8.4%) 0.82 252
    2022-06-01 $361,200 (0.3%) $512,704 (8.0%) 0.80 305
    2022-07-01 $383,900 (4.1%) $501,358 (5.8%) 0.86 404
    2022-08-01 $380,925 (8.9%) $506,538 (12.9%) 0.88 440
    2022-09-01 $385,800 (10.3%) $507,161 (13.2%) 0.90 448
    2022-10-01 $392,500 (15.5%) $525,320 (16.9%) 0.92 430
    2022-11-01 $393,175 (12.8%) $533,482 (11.1%) 0.95 414
    2022-12-01 $399,999 (14.4%) $537,623 (8.8%) 0.99 408
    2023-01-01 $412,000 (12.9%) $550,548 (6.2%) 1.02 360
    2023-02-01 $399,925 (6.7%) $541,381 (8.5%) 0.97 360
    2023-03-01 $398,350 (1.0%) $546,712 (6.5%) 0.94 356
    2023-04-01 $399,900 (4.6%) $535,248 (4.7%) 0.93 349
    2023-05-01 $407,175 (13.1%) $542,752 (6.7%) 0.92 367
    2023-06-01 $422,946 (17.1%) $556,288 (8.5%) 0.95 435
    2023-07-01 $423,283 (10.3%) $573,924 (14.5%) 0.96 409
    2023-08-01 $435,440 (14.3%) $587,658 (16.0%) 1.00 411
    2023-09-01 $449,900 (16.6%) $585,012 (15.4%) 1.05 439
    2023-10-01 $461,000 (17.5%) $573,288 (9.1%) 1.08 440
    2023-11-01 $431,667 (9.8%) $562,076 (5.4%) 1.03 454
    2023-12-01 $467,000 (16.8%) $571,371 (6.3%) 1.14 435
    2024-01-01 $441,750 (7.2%) $543,134 (-1.4%) 1.08 428
    2024-02-01 $448,750 (12.2%) $548,985 (1.4%) 1.08 419
    2024-03-01 $475,000 (19.2%) $568,295 (4.0%) 1.12 466
    2024-04-01 $480,000 (20.0%) $597,845 (11.7%) 1.12 482
    2024-05-01 $498,000 (22.3%) $625,089 (15.2%) 1.13 486
    2024-06-01 $475,000 (12.3%) $623,081 (12.0%) 1.07 518
    2024-07-01 $459,000 (8.4%) $602,922 (5.1%) 1.05 593
    2024-08-01 $427,000 (-1.9%) $585,910 (-0.3%) 0.99 609
    2024-09-01 $429,975 (-4.4%) $590,868 (1.0%) 1.01 621
    2024-10-01 $449,750 (-2.4%) $591,196 (3.1%) 1.06 641
    2024-11-01 $450,000 (4.3%) $590,178 (5.0%) 1.08 616
    Athens's median listing price for 2024-11-01 was $450,000, a difference of $18,333 (4.3%) versus the prior year and $250 versus the prior month.

    Athens's median listing price comes in at 108% of the national average.

    Athens's average listing price for 2024-11-01 was $590,178, a difference of $28,102 (5.0%) versus the prior year and $-1,018 versus the prior month.

    For the 2024-11-01 period, Athens had 616 MLS listings, a difference of -25 listings (-4%) versus the prior month and 162 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Athens (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 90 days 2,386 sqft
    2018-02-01 59 days 2,463 sqft
    2018-03-01 40 days 2,444 sqft
    2018-04-01 52 days 2,449 sqft
    2018-05-01 54 days 2,408 sqft
    2018-06-01 53 days 2,400 sqft
    2018-07-01 59 days 2,371 sqft
    2018-08-01 63 days 2,314 sqft
    2018-09-01 64 days 2,290 sqft
    2018-10-01 74 days 2,254 sqft
    2018-11-01 80 days 2,235 sqft
    2018-12-01 88 days 2,274 sqft
    2019-01-01 92 days 2,307 sqft
    2019-02-01 69 days 2,384 sqft
    2019-03-01 59 days 2,462 sqft
    2019-04-01 61 days 2,571 sqft
    2019-05-01 58 days 2,560 sqft
    2019-06-01 59 days 2,564 sqft
    2019-07-01 63 days 2,539 sqft
    2019-08-01 66 days 2,500 sqft
    2019-09-01 70 days 2,477 sqft
    2019-10-01 72 days 2,459 sqft
    2019-11-01 75 days 2,413 sqft
    2019-12-01 90 days 2,407 sqft
    2020-01-01 84 days 2,412 sqft
    2020-02-01 54 days 2,473 sqft
    2020-03-01 54 days 2,458 sqft
    2020-04-01 60 days 2,390 sqft
    2020-05-01 66 days 2,402 sqft
    2020-06-01 63 days 2,395 sqft
    2020-07-01 51 days 2,373 sqft
    2020-08-01 50 days 2,324 sqft
    2020-09-01 56 days 2,287 sqft
    2020-10-01 61 days 2,220 sqft
    2020-11-01 62 days 2,228 sqft
    2020-12-01 68 days 2,220 sqft
    2021-01-01 64 days 2,200 sqft
    2021-02-01 59 days 2,218 sqft
    2021-03-01 43 days 2,245 sqft
    2021-04-01 32 days 2,245 sqft
    2021-05-01 36 days 2,114 sqft
    2021-06-01 35 days 2,111 sqft
    2021-07-01 37 days 2,064 sqft
    2021-08-01 41 days 1,966 sqft
    2021-09-01 46 days 2,023 sqft
    2021-10-01 53 days 1,958 sqft
    2021-11-01 56 days 2,086 sqft
    2021-12-01 59 days 1,966 sqft
    2022-01-01 43 days 2,150 sqft
    2022-02-01 35 days 2,104 sqft
    2022-03-01 32 days 2,122 sqft
    2022-04-01 28 days 2,100 sqft
    2022-05-01 29 days 2,121 sqft
    2022-06-01 30 days 2,136 sqft
    2022-07-01 32 days 2,200 sqft
    2022-08-01 45 days 2,099 sqft
    2022-09-01 52 days 2,177 sqft
    2022-10-01 55 days 2,221 sqft
    2022-11-01 65 days 2,205 sqft
    2022-12-01 78 days 2,218 sqft
    2023-01-01 77 days 2,250 sqft
    2023-02-01 70 days 2,250 sqft
    2023-03-01 53 days 2,245 sqft
    2023-04-01 40 days 2,240 sqft
    2023-05-01 41 days 2,239 sqft
    2023-06-01 37 days 2,305 sqft
    2023-07-01 50 days 2,314 sqft
    2023-08-01 53 days 2,336 sqft
    2023-09-01 57 days 2,343 sqft
    2023-10-01 61 days 2,360 sqft
    2023-11-01 59 days 2,270 sqft
    2023-12-01 59 days 2,300 sqft
    2024-01-01 60 days 2,253 sqft
    2024-02-01 57 days 2,272 sqft
    2024-03-01 52 days 2,369 sqft
    2024-04-01 52 days 2,330 sqft
    2024-05-01 45 days 2,251 sqft
    2024-06-01 50 days 2,250 sqft
    2024-07-01 49 days 2,226 sqft
    2024-08-01 58 days 2,208 sqft
    2024-09-01 60 days 2,222 sqft
    2024-10-01 61 days 2,232 sqft
    2024-11-01 69 days 2,216 sqft
    Athens's median listing age (time on market) for 2024-11-01 was 69 days. This is 17% longer than the same period one year ago.

    Athens's median square footage for active listings during the 2024-11-01 period was 2,216 sqft. One year prior, the average listing was 2,270 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.