Athens VA Loan Rates, Closing Costs & Stats

ATHENS-CLARKE COUNTY, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 55 lenders originated 215 VA loans during 2022. The total origination value was $69,565,000, with an average VA loan value of $323,558.

    Athens VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Athens averaged -0.01% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Athens's average VA mortgage closing costs are $5,619.

    The average rate for the prior week (2023-11-17) was 7.04% and one month ago for the week of 2023-10-20, the average rate was 7.27%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2023-11-24, the average rate was -0.92%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 30 5.11% $6,483
    QUICKEN LOANS, LLC 22 4.17% $11,556
    UNITED WHOLESALE MORTGAGE, LLC 13 4.05% $8,969
    GUARANTEED RATE, INC. 13 4.46% $7,531
    NAVY FEDERAL CREDIT UNION 9 4.50% $4,925
    FREEDOM MORTGAGE CORPORATION 8 4.64% $19,858
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.88% $10,659
    HOMESTAR FINANCIAL CORPORATION 8 4.75% $8,605
    EVERETT FINANCIAL, INC. 6 4.25% $9,527
    USAA Federal Savings Bank 5 4.45% $7,635
    PENNYMAC LOAN SERVICES, LLC 5 4.32% $9,347
    Regions Bank 4 4.81% $11,515
    Colony Bank 4 5.09% $9,782
    NEW DAY FINANCIAL, LLC 4 5.84% $13,435
    MOVEMENT MORTGAGE, LLC 4 4.63% $4,515
    Bank of England 3 4.92% $16,042
    NEWREZ LLC 3 5.46% $18,872
    RELIANCE FIRST CAPITAL, LLC 2 4.88% $10,946
    Armed Forces Bank 2 3.50% $11,715
    BANKSOUTH MORTGAGE COMPANY, LLC 2 4.94% $15,262
    CALIBER HOME LOANS, INC. 2 5.50% $22,616
    CARDINAL FINANCIAL 2 5.25% $12,730
    CLEARPATH LENDING 2 3.63% $18,320
    CROSSCOUNTRY MORTGAGE, LLC 2 5.44% $10,620
    Equity Prime Mortgage LLC 2 5.94% $7,669
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 5.06% $9,484
    Mr. Cooper ( Nationstar Mortgage ) 2 5.19% $12,579
    Nations Lending Corporation 2 5.75% $8,132
    PLANET HOME LENDING, LLC 2 4.25% $21,253
    DATA MORTGAGE, INC. 1 6.13% $9,960
    Lakeview Community Capital, LLC 1 2.38% $4,049
    LAKEVIEW LOAN SERVICING, LLC 1 3.25% $9,837
    Magnolia Bank 1 5.25% $6,486
    MEMBER FIRST MORTGAGE, LLC 1 5.63% $10,127
    Community First National Bank 1 3.13% $2,848
    CMG MORTGAGE, INC. 1 2.99% $10,541
    AMERISAVE MORTGAGE CORPORATION 1 3.75% $4,250
    M&T Bank 1 3.25% $12,415
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.50% $4,970
    Carrington Mortgage Services, LLC 1 4.38% $19,516
    Capital City Home Loans, LLC 1 6.75% $19,323
    Barrington Bank & Trust Company, N.A. 1 4.50% $10,853
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $20,878
    PHH Mortgage Corporation 1 6.25% $9,168
    Wells Fargo Bank 1 4.25% $2,570
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $4,324
    ANGEL OAK HOME LOANS LLC 1 6.25% $1,804
    Ameris Bank 1 5.63% $4,053
    AMERICAN FINANCING CORPORATION 1 3.25% $4,326
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 4.25% $7,813
    Synovus Bank 1 5.25% $2,332
    Flagstar Bank, FSB 1 4.75% $14,380
    First Federal Bank 1 5.50% $8,695
    FINANCE OF AMERICA MORTGAGE LLC 1 4.50% $1,052
    The Federal Savings Bank 1 4.75% $10,943

    The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 30 VA loans originated. Their average total fees are $6,483, which is $5,074 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 ($6,483), GUARANTEED RATE, INC. ($7,531), UNITED WHOLESALE MORTGAGE, LLC ($8,969), QUICKEN LOANS, LLC ($11,556) and .

    The lowest rate Athens VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.05%), QUICKEN LOANS, LLC (4.17%), GUARANTEED RATE, INC. (4.46%), Mortgage Research Center, LLC (5.11%) and .

    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 $270,425 (12.7%) $319,503 (12.1%) 1.00 587
    2018-02-01 $282,475 (11.3%) $325,511 (11.2%) 1.03 649
    2018-03-01 $286,950 (9.7%) $331,594 (12.9%) 1.01 693
    2018-04-01 $293,925 (13.1%) $349,659 (15.6%) 1.00 712
    2018-05-01 $294,850 (7.5%) $351,501 (14.4%) 0.98 723
    2018-06-01 $294,500 (6.3%) $354,021 (15.7%) 0.98 735
    2018-07-01 $284,925 (2.3%) $349,018 (11.9%) 0.95 742
    2018-08-01 $276,500 (0.3%) $342,146 (9.0%) 0.93 744
    2018-09-01 $276,000 (2.5%) $338,037 (9.8%) 0.93 775
    2018-10-01 $272,425 (0.9%) $326,050 (4.3%) 0.92 775
    2018-11-01 $266,000 (-1.4%) $322,466 (3.3%) 0.90 752
    2018-12-01 $272,948 (1.1%) $327,118 (3.1%) 0.94 700
    2019-01-01 $282,450 (4.5%) $333,540 (4.4%) 0.98 643
    2019-02-01 $289,900 (2.6%) $348,048 (6.9%) 0.98 696
    2019-03-01 $296,093 (3.2%) $354,919 (7.0%) 0.97 688
    2019-04-01 $308,475 (5.0%) $371,683 (6.3%) 0.98 667
    2019-05-01 $315,825 (7.1%) $376,832 (7.2%) 0.99 655
    2019-06-01 $309,900 (5.2%) $373,629 (5.5%) 0.97 668
    2019-07-01 $298,625 (4.8%) $368,369 (5.5%) 0.93 670
    2019-08-01 $295,909 (7.0%) $363,801 (6.3%) 0.94 649
    2019-09-01 $292,023 (5.8%) $360,676 (6.7%) 0.93 635
    2019-10-01 $291,182 (6.9%) $361,440 (10.9%) 0.94 618
    2019-11-01 $298,154 (12.1%) $377,867 (17.2%) 0.98 576
    2019-12-01 $288,625 (5.7%) $375,314 (14.7%) 0.96 558
    2020-01-01 $287,000 (1.6%) $380,924 (14.2%) 0.96 506
    2020-02-01 $309,700 (6.8%) $396,242 (13.9%) 1.02 509
    2020-03-01 $314,123 (6.1%) $406,081 (14.4%) 0.98 536
    2020-04-01 $319,375 (3.5%) $401,954 (8.1%) 1.00 555
    2020-05-01 $324,000 (2.6%) $407,164 (8.1%) 0.98 536
    2020-06-01 $327,575 (5.7%) $415,880 (11.3%) 0.97 498
    2020-07-01 $314,450 (5.3%) $403,842 (9.6%) 0.91 505
    2020-08-01 $299,900 (1.4%) $400,122 (10.0%) 0.86 498
    2020-09-01 $309,950 (6.1%) $398,206 (10.4%) 0.89 441
    2020-10-01 $314,995 (8.2%) $407,331 (12.7%) 0.90 393
    2020-11-01 $319,500 (7.2%) $410,946 (8.8%) 0.93 360
    2020-12-01 $322,450 (11.7%) $427,723 (14.0%) 0.96 324
    2021-01-01 $324,240 (13.0%) $432,554 (13.6%) 0.97 281
    2021-02-01 $344,829 (11.3%) $451,189 (13.9%) 1.00 250
    2021-03-01 $366,750 (16.8%) $449,826 (10.8%) 1.04 232
    2021-04-01 $371,700 (16.4%) $453,729 (12.9%) 1.01 243
    2021-05-01 $369,450 (14.0%) $469,137 (15.2%) 0.98 245
    2021-06-01 $359,975 (9.9%) $474,711 (14.2%) 0.95 296
    2021-07-01 $368,750 (17.3%) $474,014 (17.4%) 0.97 347
    2021-08-01 $349,900 (16.7%) $448,667 (12.1%) 0.93 339
    2021-09-01 $349,900 (12.9%) $448,735 (12.7%) 0.93 329
    2021-10-01 $339,900 (7.9%) $450,094 (10.5%) 0.91 308
    2021-11-01 $349,000 (9.2%) $481,441 (17.2%) 0.93 257
    2021-12-01 $350,000 (8.5%) $495,732 (15.9%) 0.95 207
    2022-01-01 $365,000 (12.6%) $518,308 (19.8%) 0.99 178
    2022-02-01 $374,975 (8.7%) $499,372 (10.7%) 0.98 184
    2022-03-01 $394,250 (7.5%) $513,171 (14.1%) 0.99 186
    2022-04-01 $384,900 (3.6%) $511,014 (12.6%) 0.92 214
    2022-05-01 $359,950 (-2.6%) $508,311 (8.4%) 0.82 253
    2022-06-01 $359,975 (0.0%) $512,178 (7.9%) 0.80 306
    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 (13.0%) 0.90 448
    2022-10-01 $392,500 (15.5%) $525,320 (16.7%) 0.92 430
    2022-11-01 $393,175 (12.7%) $533,482 (10.8%) 0.95 414
    2022-12-01 $399,999 (14.3%) $537,623 (8.5%) 0.99 408
    2023-01-01 $413,450 (13.3%) $551,266 (6.4%) 1.03 358
    2023-02-01 $399,925 (6.7%) $541,381 (8.4%) 0.97 360
    2023-03-01 $398,350 (1.0%) $546,712 (6.5%) 0.94 356
    2023-04-01 $399,900 (3.9%) $535,028 (4.7%) 0.93 353
    2023-05-01 $406,448 (12.9%) $542,364 (6.7%) 0.92 369
    2023-06-01 $423,368 (17.6%) $556,563 (8.7%) 0.95 436
    2023-07-01 $423,283 (10.3%) $574,540 (14.6%) 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
    Athens's median listing price for 2023-10-01 was $461,000, a difference of $68,500 (17.5%) versus the prior year and $11,100 versus the prior month.

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

    Athens's average listing price for 2023-10-01 was $573,288, a difference of $47,968 (9.1%) versus the prior year and $-11,724 versus the prior month.

    For the 2023-10-01 period, Athens had 440 MLS listings, a difference of 1 listings (0%) versus the prior month and 10 listings (2%) 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 2,392 sqft
    2018-02-01 60 days 2,474 sqft
    2018-03-01 40 days 2,444 sqft
    2018-04-01 52 days 2,455 sqft
    2018-05-01 54 days 2,410 sqft
    2018-06-01 53 days 2,400 sqft
    2018-07-01 59 days 2,378 sqft
    2018-08-01 63 days 2,315 sqft
    2018-09-01 64 days 2,300 sqft
    2018-10-01 74 days 2,267 sqft
    2018-11-01 79 days 2,242 sqft
    2018-12-01 88 days 2,280 sqft
    2019-01-01 93 days 2,328 sqft
    2019-02-01 70 days 2,395 sqft
    2019-03-01 59 days 2,464 sqft
    2019-04-01 61 days 2,578 sqft
    2019-05-01 58 days 2,566 sqft
    2019-06-01 59 days 2,574 sqft
    2019-07-01 63 days 2,535 sqft
    2019-08-01 66 days 2,499 sqft
    2019-09-01 69 days 2,477 sqft
    2019-10-01 72 days 2,462 sqft
    2019-11-01 75 days 2,446 sqft
    2019-12-01 90 days 2,410 sqft
    2020-01-01 84 days 2,409 sqft
    2020-02-01 54 days 2,464 sqft
    2020-03-01 54 days 2,462 sqft
    2020-04-01 60 days 2,385 sqft
    2020-05-01 66 days 2,405 sqft
    2020-06-01 63 days 2,398 sqft
    2020-07-01 51 days 2,373 sqft
    2020-08-01 50 days 2,300 sqft
    2020-09-01 56 days 2,262 sqft
    2020-10-01 61 days 2,220 sqft
    2020-11-01 62 days 2,217 sqft
    2020-12-01 67 days 2,198 sqft
    2021-01-01 64 days 2,189 sqft
    2021-02-01 59 days 2,223 sqft
    2021-03-01 43 days 2,248 sqft
    2021-04-01 32 days 2,216 sqft
    2021-05-01 36 days 2,099 sqft
    2021-06-01 35 days 2,091 sqft
    2021-07-01 37 days 2,052 sqft
    2021-08-01 41 days 1,949 sqft
    2021-09-01 46 days 2,019 sqft
    2021-10-01 53 days 1,938 sqft
    2021-11-01 55 days 2,076 sqft
    2021-12-01 59 days 1,953 sqft
    2022-01-01 43 days 2,150 sqft
    2022-02-01 35 days 2,109 sqft
    2022-03-01 32 days 2,124 sqft
    2022-04-01 28 days 2,108 sqft
    2022-05-01 29 days 2,119 sqft
    2022-06-01 30 days 2,143 sqft
    2022-07-01 32 days 2,200 sqft
    2022-08-01 45 days 2,112 sqft
    2022-09-01 52 days 2,181 sqft
    2022-10-01 55 days 2,218 sqft
    2022-11-01 65 days 2,200 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 2,238 sqft
    2023-05-01 41 days 2,240 sqft
    2023-06-01 37 days 2,310 sqft
    2023-07-01 50 days 2,314 sqft
    2023-08-01 53 days 2,331 sqft
    2023-09-01 57 days 2,338 sqft
    2023-10-01 61 days 2,360 sqft
    Athens's median listing age (time on market) for 2023-10-01 was 61 days. This is 11% longer than the same period one year ago.

    Athens's median square footage for active listings during the 2023-10-01 period was 2,360 sqft. One year prior, the average listing was 2,218 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.