Athens VA Loan Rates, Closing Costs & Stats

ATHENS-CLARKE COUNTY, GA

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 68 lenders originated 446 VA loans during 2021. The total origination value was $119,210,000, with an average VA loan value of $267,287.

Athens VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Athens averaged 0.35% for the week of 2022-11-25, compared to the national average (all VA variants) of 0% for the same period.

Athens's average VA mortgage closing costs are $4,969.

The average rate for the prior week (2022-11-18) was 6.94% and one month ago for the week of 2022-10-21, the average rate was 7.08%.

The average rate one year ago was 3.37%.

For refis of the same type during the week of 2022-11-25, the average rate was 0.36%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 48 2.46% $4,966
Mortgage Research Center, LLC 36 2.94% $5,005
PENNYMAC LOAN SERVICES, LLC 27 2.58% $5,230
NAVY FEDERAL CREDIT UNION 25 2.45% $5,252
FREEDOM MORTGAGE CORPORATION 24 2.49% $2,085
USAA Federal Savings Bank 18 3.09% $4,568
NEW DAY FINANCIAL, LLC 13 2.77% $6,365
LAKEVIEW LOAN SERVICING, LLC 11 2.42% $3,154
UNITED WHOLESALE MORTGAGE, LLC 10 2.56% $6,087
Bank of England 10 2.64% $5,272
MOVEMENT MORTGAGE, LLC 9 2.85% $8,023
GUARANTEED RATE, INC. 8 2.88% $5,083
AMERICAN FINANCIAL NETWORK, INC. 8 2.59% $11,868
BANKSOUTH MORTGAGE COMPANY, LLC 8 2.72% $8,280
LOANDEPOT.COM, LLC 8 2.64% $2,932
CALIBER HOME LOANS, INC. 8 2.55% $2,404
HOMESTAR FINANCIAL CORPORATION 7 2.82% $7,796
The Federal Savings Bank 6 2.44% $9,859
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.10% $4,093
VILLAGE CAPITAL MORTGAGE 6 2.42% $3,213
SOUTHEAST MORTGAGE OF GEORGIA, INC. 5 2.73% $14,047
Regions Bank 5 2.83% $6,117
Barrington Bank & Trust Company, N.A. 4 2.94% $3,799
Wells Fargo Bank 4 2.69% $3,185
Mr. Cooper ( Nationstar Mortgage ) 4 3.16% $3,609
Carrington Mortgage Services, LLC 3 2.75% $4,141
PENTAGON FEDERAL CREDIT UNION 3 2.38% $520
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.46% $6,026
Truist 3 2.79% $1,482
InterContinental Capital Group, Inc 3 2.25% $3,356
DIRECT LENDERS, LLC 3 2.25% $1,521
Ameris Bank 2 2.38% $1,817
NP, Inc. 2 2.56% $3,444
Equity Prime Mortgage LLC 2 3.31% $10,029
CLEARPATH LENDING 2 2.00% $3,317
UNION HOME MORTGAGE CORP. 2 2.25% $2,186
Northpointe Bank 2 2.44% $4,446
Synovus Bank 2 2.75% $3,367
SUCCESS MORTGAGE PARTNERS, INC. 2 2.63% $8,420
GUILD MORTGAGE COMPANY 2 3.25% $4,555
GUARANTEED RATE AFFINITY, LLC 2 2.69% $4,908
PLANET HOME LENDING, LLC 2 2.69% $3,046
Low VA Rates, LLC 2 2.25% $3,683
NEWREZ LLC 1 2.63% $3,643
CityWorth Mortgage LLC 1 2.88% $12,130
Colony Bank 1 2.38% $11,381
Commerce Home Mortgage, Inc. 1 2.25% $4,790
FirstBank 1 2.63% $3,598
First Federal Bank 1 2.75% $1,643
Flagstar Bank, FSB 1 2.73% $7,594
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $7,475
HOME POINT FINANCIAL CORPORATION 1 2.25% $3,765
KS StateBank 1 2.25% $43
LENDUS, LLC 1 2.88% $6,582
Magnolia Bank 1 3.13% $9,540
MID AMERICA MORTGAGE, INC. 1 2.50% $2,216
Mid-Continent Funding, Inc. 1 2.50% $6,232
MORTGAGE INVESTORS GROUP, INC. 1 2.75% $3,513
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $5,805
NBKC BANK 1 2.25% $10,129
ACOPIA, LLC 1 2.75% $13,379
PHH Mortgage Corporation 1 2.88% $2,772
PLAZA HOME MORTGAGE, INC. 1 2.63% $3,254
Sierra Pacific Mortgage Company, Inc. 1 3.50% $0
STOCKTON MORTGAGE CORPORATION 1 2.88% $11,140
TJC Mortgage, Inc. 1 2.25% $3,678
US MORTGAGE CORPORATION 1 3.25% $21,087
VAN DYK MORTGAGE CORPORATION 1 2.75% $27,456

The top Athens VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 48 VA loans originated. Their average total fees are $4,966, which is $38 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Athens VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,085), LAKEVIEW LOAN SERVICING, LLC ($3,154), USAA Federal Savings Bank ($4,568), QUICKEN LOANS, LLC ($4,966) and Mortgage Research Center, LLC ($5,005).

The lowest rate Athens VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (2.42%), NAVY FEDERAL CREDIT UNION (2.45%), QUICKEN LOANS, LLC (2.46%), FREEDOM MORTGAGE CORPORATION (2.49%) and UNITED WHOLESALE MORTGAGE, LLC (2.56%).


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 (12.5%) $318,703 (11.9%) 1.00 583
2018-02-01 $282,450 (11.3%) $324,792 (11.0%) 1.03 645
2018-03-01 $285,000 (9.5%) $330,698 (12.7%) 1.00 691
2018-04-01 $293,500 (12.9%) $349,023 (15.4%) 1.00 711
2018-05-01 $294,600 (7.4%) $350,977 (14.2%) 0.98 723
2018-06-01 $294,000 (6.1%) $353,520 (15.5%) 0.98 735
2018-07-01 $284,900 (2.3%) $348,509 (11.8%) 0.95 742
2018-08-01 $275,875 (0.1%) $341,649 (8.9%) 0.92 744
2018-09-01 $275,000 (2.1%) $337,563 (9.5%) 0.92 775
2018-10-01 $269,859 (0.0%) $325,107 (4.2%) 0.91 773
2018-11-01 $264,950 (-1.8%) $321,704 (3.2%) 0.90 751
2018-12-01 $269,500 (-0.2%) $325,973 (2.9%) 0.93 698
2019-01-01 $278,975 (3.4%) $332,232 (4.3%) 0.96 640
2019-02-01 $289,675 (2.6%) $347,046 (6.9%) 0.98 693
2019-03-01 $295,814 (3.8%) $354,342 (7.2%) 0.97 685
2019-04-01 $307,700 (4.8%) $371,056 (6.3%) 0.98 664
2019-05-01 $315,200 (7.0%) $376,459 (7.3%) 0.99 654
2019-06-01 $309,450 (5.3%) $373,349 (5.6%) 0.97 668
2019-07-01 $298,500 (4.8%) $367,989 (5.6%) 0.93 671
2019-08-01 $295,909 (7.3%) $363,569 (6.4%) 0.94 650
2019-09-01 $292,023 (6.2%) $360,447 (6.8%) 0.93 637
2019-10-01 $291,182 (7.9%) $361,202 (11.1%) 0.94 620
2019-11-01 $298,154 (12.5%) $377,572 (17.4%) 0.98 578
2019-12-01 $288,625 (7.1%) $375,017 (15.1%) 0.96 560
2020-01-01 $287,000 (2.9%) $380,563 (14.6%) 0.96 508
2020-02-01 $309,700 (6.9%) $395,821 (14.1%) 1.01 511
2020-03-01 $314,123 (6.2%) $405,679 (14.5%) 0.98 538
2020-04-01 $319,375 (3.8%) $401,558 (8.2%) 1.00 557
2020-05-01 $324,000 (2.8%) $406,735 (8.0%) 0.98 538
2020-06-01 $327,575 (5.9%) $415,398 (11.3%) 0.96 500
2020-07-01 $314,450 (5.3%) $403,415 (9.6%) 0.91 507
2020-08-01 $299,900 (1.4%) $399,704 (9.9%) 0.86 500
2020-09-01 $309,950 (6.1%) $397,738 (10.4%) 0.89 443
2020-10-01 $314,995 (8.2%) $406,757 (12.6%) 0.90 395
2020-11-01 $319,500 (7.2%) $410,328 (8.7%) 0.93 362
2020-12-01 $322,450 (11.7%) $426,956 (13.9%) 0.96 326
2021-01-01 $324,240 (13.0%) $431,632 (13.4%) 0.97 283
2021-02-01 $344,829 (11.3%) $450,028 (13.7%) 1.00 252
2021-03-01 $366,750 (16.8%) $448,560 (10.6%) 1.04 234
2021-04-01 $371,700 (16.4%) $452,584 (12.7%) 1.01 245
2021-05-01 $369,450 (14.0%) $467,890 (15.0%) 0.98 247
2021-06-01 $359,975 (9.9%) $473,682 (14.0%) 0.95 298
2021-07-01 $368,750 (17.3%) $472,987 (17.3%) 0.97 349
2021-08-01 $349,900 (16.7%) $447,814 (12.0%) 0.93 341
2021-09-01 $349,900 (12.9%) $447,862 (12.6%) 0.93 331
2021-10-01 $339,900 (7.9%) $449,181 (10.4%) 0.91 310
2021-11-01 $349,000 (9.2%) $480,121 (17.0%) 0.93 259
2021-12-01 $350,000 (8.5%) $493,985 (15.7%) 0.95 209
2022-01-01 $365,000 (12.6%) $516,243 (19.6%) 0.99 180
2022-02-01 $374,950 (8.7%) $497,039 (10.5%) 0.98 186
2022-03-01 $390,950 (6.6%) $511,168 (14.0%) 0.98 188
2022-04-01 $384,900 (3.6%) $509,343 (12.5%) 0.92 216
2022-05-01 $359,950 (-2.6%) $506,778 (8.3%) 0.82 255
2022-06-01 $361,225 (0.4%) $511,280 (7.9%) 0.80 307
2022-07-01 $383,900 (4.1%) $500,347 (5.8%) 0.87 406
2022-08-01 $380,925 (8.9%) $505,934 (13.0%) 0.88 442
2022-09-01 $383,875 (9.7%) $506,241 (13.0%) 0.90 450
2022-10-01 $390,000 (14.7%) $524,226 (16.7%) 0.92 432
Athens's median listing price for 2022-10-01 was $390,000, a difference of $50,100 (14.7%) versus the prior year and $6,125 versus the prior month.

Athens's median listing price comes in at 92% of the national average.

Athens's average listing price for 2022-10-01 was $524,226, a difference of $75,045 (16.7%) versus the prior year and $17,985 versus the prior month.

For the 2022-10-01 period, Athens had 432 MLS listings, a difference of -18 listings (-4%) versus the prior month and 122 listings (39%) 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 95 days 2,389 sqft
2018-02-01 69 days 2,471 sqft
2018-03-01 43 days 2,444 sqft
2018-04-01 57 days 2,452 sqft
2018-05-01 58 days 2,410 sqft
2018-06-01 58 days 2,400 sqft
2018-07-01 64 days 2,380 sqft
2018-08-01 67 days 2,311 sqft
2018-09-01 71 days 2,277 sqft
2018-10-01 80 days 2,252 sqft
2018-11-01 86 days 2,230 sqft
2018-12-01 95 days 2,271 sqft
2019-01-01 100 days 2,299 sqft
2019-02-01 80 days 2,396 sqft
2019-03-01 69 days 2,467 sqft
2019-04-01 66 days 2,568 sqft
2019-05-01 62 days 2,558 sqft
2019-06-01 64 days 2,570 sqft
2019-07-01 67 days 2,541 sqft
2019-08-01 69 days 2,499 sqft
2019-09-01 72 days 2,472 sqft
2019-10-01 75 days 2,455 sqft
2019-11-01 84 days 2,432 sqft
2019-12-01 96 days 2,416 sqft
2020-01-01 87 days 2,418 sqft
2020-02-01 58 days 2,459 sqft
2020-03-01 57 days 2,458 sqft
2020-04-01 62 days 2,377 sqft
2020-05-01 68 days 2,400 sqft
2020-06-01 68 days 2,396 sqft
2020-07-01 56 days 2,370 sqft
2020-08-01 52 days 2,338 sqft
2020-09-01 59 days 2,260 sqft
2020-10-01 66 days 2,220 sqft
2020-11-01 67 days 2,218 sqft
2020-12-01 70 days 2,197 sqft
2021-01-01 66 days 2,189 sqft
2021-02-01 64 days 2,214 sqft
2021-03-01 44 days 2,251 sqft
2021-04-01 33 days 2,213 sqft
2021-05-01 37 days 2,122 sqft
2021-06-01 36 days 2,105 sqft
2021-07-01 38 days 2,052 sqft
2021-08-01 43 days 1,947 sqft
2021-09-01 47 days 2,006 sqft
2021-10-01 53 days 1,938 sqft
2021-11-01 57 days 2,076 sqft
2021-12-01 62 days 1,953 sqft
2022-01-01 44 days 2,150 sqft
2022-02-01 36 days 2,109 sqft
2022-03-01 32 days 2,132 sqft
2022-04-01 29 days 2,100 sqft
2022-05-01 30 days 2,117 sqft
2022-06-01 30 days 2,143 sqft
2022-07-01 33 days 2,200 sqft
2022-08-01 46 days 2,098 sqft
2022-09-01 52 days 2,179 sqft
2022-10-01 57 days 2,218 sqft
Athens's median listing age (time on market) for 2022-10-01 was 57 days. This is 7% longer than the same period one year ago.

Athens's median square footage for active listings during the 2022-10-01 period was 2,218 sqft. One year prior, the average listing was 1,938 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.