Athens VA Loan Rates, Closing Costs & Stats

Athens, TN

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 6.8% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Athens's average VA mortgage closing costs are $5,592.

The average rate for the prior week (2024-05-17) was 6.33% and one month ago for the week of 2024-04-19, the average rate was 6.7%.

The average rate one year ago was 6.27%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.47%.

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
Athens's median listing price for 2024-04-01 was $325,000, a difference of $-22,000 (-6.3%) versus the prior year and $-24,999 versus the prior month.

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

Athens's average listing price for 2024-04-01 was $381,739, a difference of $-90,036 (-19.1%) versus the prior year and $-52,489 versus the prior month.

For the 2024-04-01 period, Athens had 124 MLS listings, a difference of -17 listings (-12%) versus the prior month and 36 listings (41%) 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
Athens's median listing age (time on market) for 2024-04-01 was 0 days.

Athens's median square footage for active listings during the 2024-04-01 period was 1,655 sqft. One year prior, the average listing was 1,994 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.