Athens VA Loan Rates, Closing Costs & Stats

Athens, OH

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 13 lenders originated 29 VA loans during 2023. The total origination value was $6,895,000, with an average VA loan value of $237,759.

Athens VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Athens averaged 0.46% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Athens's average VA mortgage closing costs are $4,872.

The average rate for the prior week (2024-11-22) was 6.53% and one month ago for the week of 2024-10-25, the average rate was 6.32%.

The average rate one year ago was 7.17%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

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 12 6.84% $4,109
QUICKEN LOANS, LLC 3 6.29% $6,566
UNION HOME MORTGAGE CORP. 3 7.33% $7,856
FREEDOM MORTGAGE CORPORATION 2 6.25% $6,573
EQUITY RESOURCES, INC. 1 5.75% $8,105
POLARIS HOME FUNDING CORP. 1 7.25% $7,177
RAPID MORTGAGE COMPANY 1 6.63% $4,743
RUOFF MORTGAGE COMPANY, INC. 1 6.00% $20,438
T2 FINANCIAL LLC 1 7.13% $14,644
PENNYMAC LOAN SERVICES, LLC 1 7.13% $7,456
Flagstar Bank, FSB 1 7.25% $7,177
MOVEMENT MORTGAGE, LLC 1 5.50% $18,878
NEWREZ LLC 1 6.63% $16,641

The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 12 VA loans originated. Their average total fees are $4,109, which is $2,457 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 ($4,109), .

The lowest rate Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.84%), .


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 $165,000 (24.6%) $186,377 (0.2%) 0.00 150
2018-02-01 $180,425 (27.3%) $192,650 (-0.7%) 0.00 154
2018-03-01 $173,450 (2.1%) $193,758 (-9.6%) 0.00 184
2018-04-01 $184,050 (8.9%) $204,628 (-3.0%) 0.00 189
2018-05-01 $195,000 (17.1%) $210,181 (-0.3%) 0.00 188
2018-06-01 $189,500 (11.4%) $213,470 (-0.6%) 0.00 205
2018-07-01 $192,425 (4.3%) $214,907 (-0.1%) 0.00 199
2018-08-01 $184,450 (7.0%) $213,942 (6.8%) 0.00 189
2018-09-01 $179,900 (5.9%) $212,826 (9.7%) 0.00 175
2018-10-01 $165,000 (-5.7%) $207,516 (6.5%) 0.00 180
2018-11-01 $178,650 (3.4%) $216,215 (10.1%) 0.00 170
2018-12-01 $179,900 (2.8%) $214,613 (10.7%) 0.00 158
2019-01-01 $184,450 (11.8%) $214,352 (15.0%) 0.00 146
2019-02-01 $179,900 (-0.3%) $210,500 (9.3%) 0.00 155
2019-03-01 $175,614 (1.3%) $206,894 (6.8%) 0.00 175
2019-04-01 $169,900 (-7.7%) $203,220 (-0.7%) 0.00 195
2019-05-01 $171,069 (-12.3%) $206,322 (-1.8%) 0.00 194
2019-06-01 $167,000 (-11.9%) $201,039 (-5.8%) 0.00 206
2019-07-01 $162,250 (-15.7%) $194,228 (-9.6%) 0.00 208
2019-08-01 $162,818 (-11.7%) $194,364 (-9.2%) 0.00 210
2019-09-01 $166,295 (-7.6%) $196,337 (-7.8%) 0.00 208
2019-10-01 $168,614 (2.2%) $196,852 (-5.1%) 0.00 200
2019-11-01 $175,000 (-2.0%) $199,233 (-7.9%) 0.00 181
2019-12-01 $169,000 (-6.1%) $197,159 (-8.1%) 0.00 160
2020-01-01 $166,500 (-9.7%) $197,955 (-7.7%) 0.00 142
2020-02-01 $165,000 (-8.3%) $204,240 (-3.0%) 0.00 150
2020-03-01 $189,450 (7.9%) $212,981 (2.9%) 0.00 168
2020-04-01 $189,675 (11.6%) $211,349 (4.0%) 0.00 168
2020-05-01 $196,250 (14.7%) $218,290 (5.8%) 0.00 156
2020-06-01 $198,875 (19.1%) $215,962 (7.4%) 0.00 150
2020-07-01 $192,475 (18.6%) $207,211 (6.7%) 0.00 146
2020-08-01 $190,500 (17.0%) $208,785 (7.4%) 0.00 136
2020-09-01 $184,675 (11.1%) $210,651 (7.3%) 0.00 137
2020-10-01 $185,000 (9.7%) $198,848 (1.0%) 0.00 129
2020-11-01 $179,375 (2.5%) $199,763 (0.3%) 0.00 114
2020-12-01 $161,250 (-4.6%) $189,162 (-4.1%) 0.00 99
2021-01-01 $163,750 (-1.7%) $185,662 (-6.2%) 0.00 87
2021-02-01 $157,725 (-4.4%) $177,720 (-13.0%) 0.00 84
2021-03-01 $152,925 (-19.3%) $184,114 (-13.6%) 0.00 94
2021-04-01 $152,725 (-19.5%) $191,272 (-9.5%) 0.00 100
2021-05-01 $179,450 (-8.6%) $212,551 (-2.6%) 0.00 98
2021-06-01 $183,700 (-7.6%) $213,893 (-1.0%) 0.00 112
2021-07-01 $179,000 (-7.0%) $215,079 (3.8%) 0.00 103
2021-08-01 $187,000 (-1.8%) $217,721 (4.3%) 0.00 100
2021-09-01 $185,000 (0.2%) $211,654 (0.5%) 0.00 96
2021-10-01 $189,900 (2.7%) $205,692 (3.4%) 0.00 85
2021-11-01 $179,500 (0.1%) $203,218 (1.7%) 0.00 73
2021-12-01 $167,975 (4.2%) $189,216 (0.0%) 0.00 62
2022-01-01 $168,000 (2.6%) $187,623 (1.1%) 0.00 54
2022-02-01 $177,500 (12.5%) $192,192 (8.1%) 0.00 56
2022-03-01 $174,125 (13.9%) $209,577 (13.8%) 0.00 56
2022-04-01 $180,000 (17.9%) $230,593 (20.6%) 0.00 71
2022-05-01 $188,625 (5.1%) $223,851 (5.3%) 0.00 92
2022-06-01 $194,750 (6.0%) $249,495 (16.6%) 0.00 102
2022-07-01 $209,750 (17.2%) $258,105 (20.0%) 0.00 108
2022-08-01 $182,225 (-2.6%) $228,008 (4.7%) 0.00 104
2022-09-01 $188,000 (1.6%) $217,301 (2.7%) 0.00 110
2022-10-01 $194,500 (2.4%) $234,202 (13.9%) 0.00 112
2022-11-01 $199,950 (11.4%) $240,452 (18.3%) 0.00 99
2022-12-01 $194,900 (16.0%) $243,252 (28.6%) 0.00 95
2023-01-01 $193,475 (15.2%) $245,832 (31.0%) 0.00 80
2023-02-01 $218,475 (23.1%) $254,237 (32.3%) 0.00 84
2023-03-01 $192,400 (10.5%) $236,576 (12.9%) 0.00 95
2023-04-01 $225,000 (25.0%) $263,671 (14.3%) 0.00 71
2023-05-01 $191,500 (1.5%) $239,849 (7.2%) 0.00 61
2023-06-01 $199,925 (2.7%) $267,818 (7.3%) 0.00 48
2023-07-01 $205,000 (-2.3%) $274,335 (6.3%) 0.00 48
2023-08-01 $222,450 (22.1%) $301,444 (32.2%) 0.00 51
2023-09-01 $209,900 (11.7%) $276,472 (27.2%) 0.00 53
2023-10-01 $203,725 (4.7%) $263,719 (12.6%) 0.00 63
2023-11-01 $235,000 (17.5%) $258,662 (7.6%) 0.00 68
2023-12-01 $247,200 (26.8%) $282,497 (16.1%) 0.00 66
2024-01-01 $225,675 (16.6%) $273,162 (11.1%) 0.00 59
2024-02-01 $224,000 (2.5%) $270,186 (6.3%) 0.00 60
2024-03-01 $256,750 (33.5%) $288,806 (22.1%) 0.00 52
2024-04-01 $258,125 (14.7%) $290,671 (10.2%) 0.00 50
2024-05-01 $259,000 (35.3%) $300,724 (25.4%) 0.00 53
2024-06-01 $254,000 (27.1%) $295,969 (10.5%) 0.00 69
2024-07-01 $234,200 (14.2%) $280,491 (2.2%) 0.00 73
2024-08-01 $249,000 (11.9%) $293,660 (-2.6%) 0.00 82
2024-09-01 $267,000 (27.2%) $305,815 (10.6%) 0.00 86
2024-10-01 $259,675 (27.5%) $313,711 (19.0%) 0.00 88
Athens's median listing price for 2024-10-01 was $259,675, a difference of $55,950 (27.5%) versus the prior year and $-7,325 versus the prior month.

Athens's median listing price comes in at 0% of the national average.

Athens's average listing price for 2024-10-01 was $313,711, a difference of $49,992 (19.0%) versus the prior year and $7,896 versus the prior month.

For the 2024-10-01 period, Athens had 88 MLS listings, a difference of 2 listings (2%) versus the prior month and 25 listings (40%) 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 0 days 1,844 sqft
2018-02-01 0 days 1,901 sqft
2018-03-01 0 days 1,788 sqft
2018-04-01 0 days 1,818 sqft
2018-05-01 0 days 1,895 sqft
2018-06-01 0 days 1,960 sqft
2018-07-01 0 days 1,889 sqft
2018-08-01 0 days 1,853 sqft
2018-09-01 0 days 1,817 sqft
2018-10-01 0 days 1,800 sqft
2018-11-01 0 days 1,774 sqft
2018-12-01 0 days 1,739 sqft
2019-01-01 0 days 1,718 sqft
2019-02-01 0 days 1,680 sqft
2019-03-01 0 days 1,701 sqft
2019-04-01 0 days 1,727 sqft
2019-05-01 0 days 1,728 sqft
2019-06-01 0 days 1,722 sqft
2019-07-01 0 days 1,709 sqft
2019-08-01 0 days 1,717 sqft
2019-09-01 0 days 1,723 sqft
2019-10-01 0 days 1,734 sqft
2019-11-01 0 days 1,760 sqft
2019-12-01 0 days 1,736 sqft
2020-01-01 0 days 1,698 sqft
2020-02-01 0 days 1,672 sqft
2020-03-01 0 days 1,779 sqft
2020-04-01 0 days 1,773 sqft
2020-05-01 0 days 1,780 sqft
2020-06-01 0 days 1,789 sqft
2020-07-01 0 days 1,731 sqft
2020-08-01 0 days 1,696 sqft
2020-09-01 0 days 1,683 sqft
2020-10-01 0 days 1,689 sqft
2020-11-01 0 days 1,682 sqft
2020-12-01 0 days 1,593 sqft
2021-01-01 0 days 1,560 sqft
2021-02-01 0 days 1,442 sqft
2021-03-01 0 days 1,503 sqft
2021-04-01 0 days 1,506 sqft
2021-05-01 0 days 1,610 sqft
2021-06-01 0 days 1,628 sqft
2021-07-01 0 days 1,616 sqft
2021-08-01 0 days 1,660 sqft
2021-09-01 0 days 1,648 sqft
2021-10-01 0 days 1,632 sqft
2021-11-01 0 days 1,560 sqft
2021-12-01 0 days 1,369 sqft
2022-01-01 0 days 1,355 sqft
2022-02-01 0 days 1,364 sqft
2022-03-01 0 days 1,476 sqft
2022-04-01 0 days 1,568 sqft
2022-05-01 0 days 1,415 sqft
2022-06-01 0 days 1,456 sqft
2022-07-01 0 days 1,640 sqft
2022-08-01 0 days 1,630 sqft
2022-09-01 0 days 1,494 sqft
2022-10-01 0 days 1,640 sqft
2022-11-01 0 days 1,694 sqft
2022-12-01 0 days 1,715 sqft
2023-01-01 0 days 1,692 sqft
2023-02-01 0 days 1,670 sqft
2023-03-01 0 days 1,640 sqft
2023-04-01 0 days 1,640 sqft
2023-05-01 0 days 1,519 sqft
2023-06-01 0 days 1,518 sqft
2023-07-01 0 days 1,750 sqft
2023-08-01 0 days 1,750 sqft
2023-09-01 0 days 1,680 sqft
2023-10-01 0 days 1,660 sqft
2023-11-01 0 days 1,677 sqft
2023-12-01 0 days 1,658 sqft
2024-01-01 0 days 1,620 sqft
2024-02-01 0 days 1,660 sqft
2024-03-01 0 days 1,659 sqft
2024-04-01 0 days 1,663 sqft
2024-05-01 0 days 1,729 sqft
2024-06-01 0 days 1,671 sqft
2024-07-01 0 days 1,661 sqft
2024-08-01 0 days 1,738 sqft
2024-09-01 0 days 1,692 sqft
2024-10-01 0 days 1,623 sqft
Athens's median listing age (time on market) for 2024-10-01 was 0 days.

Athens's median square footage for active listings during the 2024-10-01 period was 1,623 sqft. One year prior, the average listing was 1,660 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.