Athens VA Loans

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 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 5.31% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.54% and one month ago for the week of 2022-04-08, the average rate was 4.86%.

The average rate one year ago was 2.88%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.12%.

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 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. Total Fees
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 & INVESTMENT LLC 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 Bank 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 $272,200 (14.9%) $316,890 (11.7%) 1.00 876
2018-02-01 $279,900 (13.1%) $318,156 (8.9%) 1.01 992
2018-03-01 $279,900 (12.0%) $321,686 (8.0%) 0.97 1,079
2018-04-01 $289,950 (12.6%) $341,007 (11.7%) 0.97 1,124
2018-05-01 $293,350 (10.3%) $348,522 (12.7%) 0.98 1,119
2018-06-01 $289,000 (6.1%) $349,315 (12.9%) 0.96 1,175
2018-07-01 $281,839 (2.5%) $346,198 (10.5%) 0.94 1,190
2018-08-01 $280,450 (0.5%) $345,183 (8.9%) 0.94 1,189
2018-09-01 $274,900 (2.2%) $337,494 (9.0%) 0.92 1,240
2018-10-01 $273,000 (1.2%) $330,682 (4.5%) 0.91 1,257
2018-11-01 $274,900 (1.9%) $328,034 (3.2%) 0.92 1,222
2018-12-01 $279,000 (1.5%) $334,575 (3.9%) 0.96 1,136
2019-01-01 $289,450 (6.3%) $341,395 (7.7%) 1.00 1,033
2019-02-01 $294,950 (5.4%) $348,653 (9.6%) 0.99 1,104
2019-03-01 $301,586 (7.8%) $355,710 (10.6%) 0.98 1,065
2019-04-01 $312,700 (7.9%) $370,375 (8.6%) 0.98 1,008
2019-05-01 $323,263 (10.2%) $377,748 (8.4%) 1.00 999
2019-06-01 $322,400 (11.6%) $375,637 (7.5%) 0.99 1,061
2019-07-01 $304,124 (7.9%) $375,278 (8.4%) 0.95 1,087
2019-08-01 $302,314 (7.8%) $368,519 (6.8%) 0.95 1,044
2019-09-01 $299,900 (9.1%) $363,096 (7.6%) 0.95 1,017
2019-10-01 $297,450 (9.0%) $363,937 (10.1%) 0.95 1,012
2019-11-01 $309,000 (12.4%) $384,588 (17.2%) 1.00 950
2019-12-01 $298,327 (6.9%) $385,545 (15.2%) 0.99 896
2020-01-01 $298,750 (3.2%) $392,235 (14.9%) 1.00 783
2020-02-01 $325,000 (10.2%) $413,839 (18.7%) 1.05 808
2020-03-01 $329,000 (9.1%) $417,880 (17.5%) 1.03 840
2020-04-01 $329,900 (5.5%) $412,146 (11.3%) 1.03 900
2020-05-01 $339,900 (5.2%) $418,515 (10.8%) 1.03 847
2020-06-01 $339,910 (5.4%) $424,129 (12.9%) 0.99 793
2020-07-01 $328,035 (7.9%) $411,629 (9.7%) 0.94 788
2020-08-01 $325,900 (7.8%) $417,174 (13.2%) 0.93 765
2020-09-01 $332,915 (11.0%) $413,493 (13.9%) 0.95 668
2020-10-01 $334,900 (12.6%) $422,597 (16.1%) 0.96 604
2020-11-01 $345,000 (11.7%) $427,468 (11.2%) 0.99 584
2020-12-01 $346,150 (16.0%) $436,575 (13.2%) 1.02 538
2021-01-01 $349,900 (17.1%) $442,721 (12.9%) 1.03 477
2021-02-01 $364,900 (12.3%) $458,134 (10.7%) 1.05 399
2021-03-01 $377,450 (14.7%) $456,887 (9.3%) 1.06 354
2021-04-01 $372,500 (12.9%) $445,514 (8.1%) 1.00 362
2021-05-01 $375,000 (10.3%) $464,067 (10.9%) 0.99 394
2021-06-01 $364,450 (7.2%) $469,483 (10.7%) 0.95 484
2021-07-01 $374,450 (14.2%) $467,600 (13.6%) 0.97 549
2021-08-01 $352,450 (8.2%) $445,448 (6.8%) 0.93 546
2021-09-01 $349,900 (5.1%) $445,185 (7.7%) 0.92 544
2021-10-01 $349,900 (4.5%) $444,997 (5.3%) 0.92 504
2021-11-01 $357,400 (3.6%) $462,477 (8.2%) 0.94 410
2021-12-01 $374,450 (8.2%) $487,389 (11.6%) 1.00 323
2022-01-01 $375,000 (7.2%) $509,124 (15.0%) 1.00 280
2022-02-01 $377,450 (3.4%) $502,424 (9.7%) 0.96 291
2022-03-01 $405,000 (7.3%) $515,601 (12.9%) 1.00 289
2022-04-01 $399,000 (7.1%) $513,263 (15.2%) 0.94 351
Athens's median listing price for 2022-04-01 was $399,000, a difference of $26,500 (7.1%) versus the prior year and $-6,000 versus the prior month.

Athens's median listing price comes in at 94% of the national average.

Athens's average listing price for 2022-04-01 was $513,263, a difference of $67,749 (15.2%) versus the prior year and $-2,338 versus the prior month.

For the 2022-04-01 period, Athens had 351 MLS listings, a difference of 62 listings (21%) versus the prior month and -11 listings (-3%) 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 88 days 2,420 sqft
2018-02-01 62 days 2,462 sqft
2018-03-01 41 days 2,421 sqft
2018-04-01 52 days 2,448 sqft
2018-05-01 57 days 2,405 sqft
2018-06-01 57 days 2,386 sqft
2018-07-01 63 days 2,365 sqft
2018-08-01 67 days 2,336 sqft
2018-09-01 68 days 2,313 sqft
2018-10-01 74 days 2,311 sqft
2018-11-01 81 days 2,293 sqft
2018-12-01 93 days 2,313 sqft
2019-01-01 101 days 2,350 sqft
2019-02-01 84 days 2,399 sqft
2019-03-01 57 days 2,476 sqft
2019-04-01 57 days 2,560 sqft
2019-05-01 58 days 2,535 sqft
2019-06-01 53 days 2,517 sqft
2019-07-01 55 days 2,484 sqft
2019-08-01 59 days 2,450 sqft
2019-09-01 60 days 2,411 sqft
2019-10-01 68 days 2,451 sqft
2019-11-01 71 days 2,500 sqft
2019-12-01 79 days 2,470 sqft
2020-01-01 80 days 2,479 sqft
2020-02-01 49 days 2,559 sqft
2020-03-01 50 days 2,509 sqft
2020-04-01 54 days 2,430 sqft
2020-05-01 63 days 2,460 sqft
2020-06-01 59 days 2,443 sqft
2020-07-01 50 days 2,418 sqft
2020-08-01 45 days 2,526 sqft
2020-09-01 46 days 2,368 sqft
2020-10-01 47 days 2,321 sqft
2020-11-01 49 days 2,292 sqft
2020-12-01 57 days 2,235 sqft
2021-01-01 57 days 2,216 sqft
2021-02-01 60 days 2,285 sqft
2021-03-01 43 days 2,250 sqft
2021-04-01 32 days 2,262 sqft
2021-05-01 34 days 2,200 sqft
2021-06-01 33 days 2,129 sqft
2021-07-01 33 days 2,076 sqft
2021-08-01 38 days 2,025 sqft
2021-09-01 39 days 2,066 sqft
2021-10-01 47 days 2,062 sqft
2021-11-01 54 days 2,134 sqft
2021-12-01 53 days 2,018 sqft
2022-01-01 40 days 2,175 sqft
2022-02-01 32 days 2,150 sqft
2022-03-01 29 days 2,239 sqft
2022-04-01 24 days 2,213 sqft
Athens's median listing age (time on market) for 2022-04-01 was 24 days. This is -25% shorter than the same period one year ago.

Athens's median square footage for active listings during the 2022-04-01 period was 2,213 sqft. One year prior, the average listing was 2,262 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.