Athens VA Loan Rates, Closing Costs & Stats

Athens, TN

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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 45 lenders originated 125 VA loans during 2023. The total origination value was $37,355,000, with an average VA loan value of $298,840.

    Athens VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Athens averaged 6.31% 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 $5,592.

    The average rate for the prior week (2024-12-06) was 6.25% and one month ago for the week of 2024-11-08, the average rate was 6.14%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.18%.

    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 21 6.72% $5,455
    DHI MORTGAGE COMPANY, LTD. 9 5.36% $5,423
    UNITED WHOLESALE MORTGAGE, LLC 9 6.83% $7,464
    MORTGAGE INVESTORS GROUP, INC. 8 6.58% $5,148
    LOANDEPOT.COM, LLC 5 6.10% $11,968
    NAVY FEDERAL CREDIT UNION 4 5.97% $3,294
    CMG MORTGAGE, INC. 4 6.34% $11,384
    QUICKEN LOANS, LLC 4 5.71% $17,110
    COMMUNITY MORTGAGE CORPORATION 3 6.42% $14,270
    Gateway First Bank 3 6.92% $6,326
    NEWREZ LLC 3 5.92% $16,409
    PENNYMAC LOAN SERVICES, LLC 3 6.25% $11,240
    FREEDOM MORTGAGE CORPORATION 3 6.75% $10,507
    VILLAGE CAPITAL MORTGAGE 2 6.75% $12,895
    CARDINAL FINANCIAL 2 5.75% $6,024
    NEW DAY FINANCIAL, LLC 2 7.50% $4,080
    Equity Prime Mortgage LLC 2 7.44% $9,289
    Sierra Pacific Mortgage Company, Inc. 2 6.75% $16,095
    LAKEVIEW LOAN SERVICING, LLC 2 6.25% $16,185
    LEADERONE FINANCIAL CORPORATION 2 7.06% $6,217
    USAA Federal Savings Bank 2 6.44% $6,424
    First Citizens National Bank 2 6.13% $11,283
    Truist 1 5.75% $4,265
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.00% $15,270
    ALAMEDA MORTGAGE CORPORATION 1 7.25% $7,772
    Barrington Bank & Trust Company, N.A. 1 6.75% $9,153
    CapStar Bank 1 6.25% $2,396
    Citizens Bank 1 6.75% $3,463
    CONTOUR MORTGAGE CORPORATION 1 7.00% $15,270
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,048
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $12,278
    Flagstar Bank, FSB 1 5.75% $0
    FLAT BRANCH MORTGAGE, INC. 1 7.25% $4,567
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $726
    Magnolia Bank 1 5.75% $9,731
    MICHIGAN MUTUAL, INC. 1 7.13% $50
    MID AMERICA MORTGAGE, INC. 1 7.13% $4,886
    1ST SIGNATURE LENDING, LLC 1 7.38% $8,381
    MOVEMENT MORTGAGE, LLC 1 6.50% $5,105
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $4,552
    Nations Lending Corporation 1 6.75% $17,337
    PLANET HOME LENDING, LLC 1 6.38% $11,412
    SIRVA MORTGAGE, INC. 1 6.63% $15,234
    TJC Mortgage, Inc. 1 6.88% $20,560
    TOWNE MORTGAGE COMPANY 1 6.63% $12,628

    The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $5,455, which is $32 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,455), .

    The lowest rate Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.72%), .

    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 $135,350 (3.6%) $204,617 (17.0%) 0.00 190
    2018-02-01 $138,450 (2.2%) $212,635 (16.7%) 0.00 176
    2018-03-01 $148,450 (6.6%) $216,332 (16.8%) 0.00 180
    2018-04-01 $155,000 (14.8%) $217,071 (25.9%) 0.00 200
    2018-05-01 $166,800 (20.1%) $227,205 (30.7%) 0.00 211
    2018-06-01 $169,900 (16.9%) $221,615 (25.1%) 0.00 230
    2018-07-01 $167,175 (15.4%) $224,525 (28.8%) 0.00 229
    2018-08-01 $169,900 (18.3%) $223,349 (24.3%) 0.00 234
    2018-09-01 $169,950 (14.1%) $225,544 (22.9%) 0.00 232
    2018-10-01 $175,975 (25.8%) $233,086 (25.8%) 0.00 239
    2018-11-01 $165,200 (22.4%) $229,045 (26.9%) 0.00 233
    2018-12-01 $160,000 (23.1%) $207,727 (3.2%) 0.00 214
    2019-01-01 $159,900 (18.1%) $205,098 (0.2%) 0.00 211
    2019-02-01 $165,000 (19.2%) $205,802 (-3.2%) 0.00 203
    2019-03-01 $171,914 (15.8%) $205,981 (-4.8%) 0.00 186
    2019-04-01 $177,450 (14.5%) $211,105 (-2.8%) 0.00 177
    2019-05-01 $192,325 (15.3%) $221,858 (-2.4%) 0.00 190
    2019-06-01 $189,900 (11.8%) $219,647 (-0.9%) 0.00 184
    2019-07-01 $179,900 (7.6%) $209,178 (-6.8%) 0.00 182
    2019-08-01 $177,173 (4.3%) $211,112 (-5.5%) 0.00 177
    2019-09-01 $173,082 (1.8%) $210,634 (-6.6%) 0.00 188
    2019-10-01 $172,855 (-1.8%) $211,465 (-9.3%) 0.00 191
    2019-11-01 $160,000 (-3.2%) $206,257 (-10.0%) 0.00 184
    2019-12-01 $162,900 (1.8%) $211,440 (1.8%) 0.00 184
    2020-01-01 $168,450 (5.4%) $216,276 (5.5%) 0.00 178
    2020-02-01 $170,000 (3.0%) $228,221 (10.9%) 0.00 158
    2020-03-01 $176,125 (2.5%) $228,824 (11.1%) 0.00 140
    2020-04-01 $165,125 (-7.0%) $222,863 (5.6%) 0.00 133
    2020-05-01 $189,950 (-1.2%) $251,107 (13.2%) 0.00 120
    2020-06-01 $204,325 (7.6%) $260,984 (18.8%) 0.00 107
    2020-07-01 $197,250 (9.6%) $241,656 (15.5%) 0.00 101
    2020-08-01 $209,950 (18.5%) $257,256 (21.9%) 0.00 92
    2020-09-01 $214,475 (23.9%) $268,089 (27.3%) 0.00 83
    2020-10-01 $210,000 (21.5%) $253,917 (20.1%) 0.00 87
    2020-11-01 $193,225 (20.8%) $258,052 (25.1%) 0.00 83
    2020-12-01 $174,600 (7.2%) $242,470 (14.7%) 0.00 72
    2021-01-01 $171,750 (2.0%) $265,280 (22.7%) 0.00 60
    2021-02-01 $195,350 (14.9%) $282,907 (24.0%) 0.00 49
    2021-03-01 $226,250 (28.5%) $304,468 (33.1%) 0.00 42
    2021-04-01 $252,450 (52.9%) $329,885 (48.0%) 0.00 44
    2021-05-01 $275,000 (44.8%) $373,345 (48.7%) 0.00 63
    2021-06-01 $245,000 (19.9%) $368,581 (41.2%) 0.00 80
    2021-07-01 $269,799 (36.8%) $412,679 (70.8%) 0.00 84
    2021-08-01 $233,700 (11.3%) $365,017 (41.9%) 0.00 94
    2021-09-01 $229,750 (7.1%) $367,726 (37.2%) 0.00 96
    2021-10-01 $224,950 (7.1%) $373,069 (46.9%) 0.00 81
    2021-11-01 $250,075 (29.4%) $369,595 (43.2%) 0.00 71
    2021-12-01 $272,450 (56.0%) $390,914 (61.2%) 0.00 75
    2022-01-01 $300,000 (74.7%) $423,874 (59.8%) 0.00 64
    2022-02-01 $319,184 (63.4%) $451,173 (59.5%) 0.00 67
    2022-03-01 $319,950 (41.4%) $480,360 (57.8%) 0.00 68
    2022-04-01 $310,028 (22.8%) $419,062 (27.0%) 0.00 75
    2022-05-01 $326,200 (18.6%) $423,988 (13.6%) 0.00 90
    2022-06-01 $319,950 (30.6%) $396,779 (7.7%) 0.00 99
    2022-07-01 $299,900 (11.2%) $381,474 (-7.6%) 0.00 126
    2022-08-01 $309,900 (32.6%) $393,787 (7.9%) 0.00 124
    2022-09-01 $317,450 (38.2%) $415,887 (13.1%) 0.00 131
    2022-10-01 $324,950 (44.5%) $440,068 (18.0%) 0.00 143
    2022-11-01 $329,950 (31.9%) $438,882 (18.8%) 0.00 164
    2022-12-01 $331,893 (21.8%) $447,421 (14.5%) 0.00 152
    2023-01-01 $337,649 (12.6%) $455,592 (7.5%) 0.00 118
    2023-02-01 $343,810 (7.7%) $418,588 (-7.2%) 0.00 109
    2023-03-01 $344,620 (7.7%) $437,641 (-8.9%) 0.00 101
    2023-04-01 $347,000 (11.9%) $471,775 (12.6%) 0.00 88
    2023-05-01 $316,635 (-2.9%) $412,847 (-2.6%) 0.00 128
    2023-06-01 $321,000 (0.3%) $415,279 (4.7%) 0.00 130
    2023-07-01 $299,900 (0.0%) $403,359 (5.7%) 0.00 130
    2023-08-01 $343,228 (10.8%) $443,200 (12.6%) 0.00 139
    2023-09-01 $329,500 (3.8%) $423,846 (1.9%) 0.00 147
    2023-10-01 $308,900 (-4.9%) $402,343 (-8.6%) 0.00 161
    2023-11-01 $302,100 (-8.4%) $389,103 (-11.3%) 0.00 174
    2023-12-01 $309,000 (-6.9%) $406,867 (-9.1%) 0.00 175
    2024-01-01 $320,250 (-5.2%) $403,851 (-11.4%) 0.00 158
    2024-02-01 $337,450 (-1.9%) $426,313 (1.9%) 0.00 150
    2024-03-01 $349,999 (1.6%) $434,228 (-0.8%) 0.00 141
    2024-04-01 $325,000 (-6.3%) $381,739 (-19.1%) 0.00 124
    2024-05-01 $325,000 (2.6%) $379,109 (-8.2%) 0.00 151
    2024-06-01 $325,000 (1.3%) $379,676 (-8.6%) 0.00 166
    2024-07-01 $321,900 (7.3%) $371,980 (-7.8%) 0.00 182
    2024-08-01 $325,000 (-5.3%) $370,230 (-16.5%) 0.00 180
    2024-09-01 $321,950 (-2.3%) $364,496 (-14.0%) 0.00 190
    2024-10-01 $315,000 (2.0%) $351,038 (-12.8%) 0.00 206
    2024-11-01 $312,500 (3.4%) $394,135 (1.3%) 0.00 210
    Athens's median listing price for 2024-11-01 was $312,500, a difference of $10,400 (3.4%) versus the prior year and $-2,500 versus the prior month.

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

    Athens's average listing price for 2024-11-01 was $394,135, a difference of $5,032 (1.3%) versus the prior year and $43,097 versus the prior month.

    For the 2024-11-01 period, Athens had 210 MLS listings, a difference of 4 listings (2%) versus the prior month and 36 listings (21%) 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 1,567 sqft
    2018-02-01 0 days 1,589 sqft
    2018-03-01 0 days 1,708 sqft
    2018-04-01 0 days 1,784 sqft
    2018-05-01 0 days 1,800 sqft
    2018-06-01 0 days 1,817 sqft
    2018-07-01 0 days 1,849 sqft
    2018-08-01 0 days 1,848 sqft
    2018-09-01 0 days 1,826 sqft
    2018-10-01 0 days 1,860 sqft
    2018-11-01 0 days 1,805 sqft
    2018-12-01 0 days 1,772 sqft
    2019-01-01 0 days 1,761 sqft
    2019-02-01 0 days 1,759 sqft
    2019-03-01 0 days 1,797 sqft
    2019-04-01 0 days 1,821 sqft
    2019-05-01 0 days 1,888 sqft
    2019-06-01 0 days 1,909 sqft
    2019-07-01 0 days 1,848 sqft
    2019-08-01 0 days 1,831 sqft
    2019-09-01 0 days 1,746 sqft
    2019-10-01 0 days 1,689 sqft
    2019-11-01 0 days 1,528 sqft
    2019-12-01 0 days 1,586 sqft
    2020-01-01 0 days 1,650 sqft
    2020-02-01 0 days 1,820 sqft
    2020-03-01 0 days 1,834 sqft
    2020-04-01 0 days 1,830 sqft
    2020-05-01 0 days 1,917 sqft
    2020-06-01 0 days 2,010 sqft
    2020-07-01 0 days 1,910 sqft
    2020-08-01 0 days 1,991 sqft
    2020-09-01 0 days 2,108 sqft
    2020-10-01 0 days 2,016 sqft
    2020-11-01 0 days 1,900 sqft
    2020-12-01 0 days 1,798 sqft
    2021-01-01 0 days 1,791 sqft
    2021-02-01 0 days 1,806 sqft
    2021-03-01 0 days 1,833 sqft
    2021-04-01 0 days 1,824 sqft
    2021-05-01 0 days 1,889 sqft
    2021-06-01 0 days 1,846 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 1,934 sqft
    2021-09-01 0 days 1,832 sqft
    2021-10-01 0 days 1,768 sqft
    2021-11-01 0 days 1,897 sqft
    2021-12-01 0 days 1,861 sqft
    2022-01-01 0 days 1,873 sqft
    2022-02-01 0 days 2,001 sqft
    2022-03-01 0 days 1,920 sqft
    2022-04-01 0 days 1,934 sqft
    2022-05-01 0 days 1,932 sqft
    2022-06-01 0 days 1,847 sqft
    2022-07-01 0 days 1,774 sqft
    2022-08-01 0 days 1,813 sqft
    2022-09-01 0 days 1,880 sqft
    2022-10-01 0 days 1,976 sqft
    2022-11-01 0 days 2,023 sqft
    2022-12-01 0 days 1,994 sqft
    2023-01-01 0 days 2,044 sqft
    2023-02-01 0 days 2,012 sqft
    2023-03-01 0 days 2,092 sqft
    2023-04-01 0 days 1,994 sqft
    2023-05-01 0 days 1,964 sqft
    2023-06-01 0 days 1,962 sqft
    2023-07-01 0 days 1,895 sqft
    2023-08-01 0 days 1,817 sqft
    2023-09-01 0 days 1,725 sqft
    2023-10-01 0 days 1,699 sqft
    2023-11-01 0 days 1,698 sqft
    2023-12-01 0 days 1,690 sqft
    2024-01-01 0 days 1,702 sqft
    2024-02-01 0 days 1,734 sqft
    2024-03-01 0 days 1,779 sqft
    2024-04-01 0 days 1,655 sqft
    2024-05-01 0 days 1,660 sqft
    2024-06-01 0 days 1,584 sqft
    2024-07-01 0 days 1,568 sqft
    2024-08-01 0 days 1,772 sqft
    2024-09-01 0 days 1,703 sqft
    2024-10-01 0 days 1,601 sqft
    2024-11-01 0 days 1,608 sqft
    Athens's median listing age (time on market) for 2024-11-01 was 0 days.

    Athens's median square footage for active listings during the 2024-11-01 period was 1,608 sqft. One year prior, the average listing was 1,698 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.