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 46 lenders originated 157 VA loans during 2024. The total origination value was $47,175,000, with an average VA loan value of $300,478.

    Athens VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Athens averaged 0.4% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Athens's average VA mortgage closing costs are $5,880.

    The average rate for the prior week (2025-06-27) was 6.63% and one month ago for the week of 2025-05-30, the average rate was 6.76%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.17%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 27 6.34% $5,442
    UNITED WHOLESALE MORTGAGE, LLC 23 6.06% $7,509
    FREEDOM MORTGAGE CORPORATION 9 6.04% $6,703
    PENNYMAC LOAN SERVICES, LLC 9 5.61% $8,627
    VILLAGE CAPITAL MORTGAGE 6 5.73% $5,358
    QUICKEN LOANS, LLC 6 5.98% $7,447
    MORTGAGE INVESTORS GROUP, INC. 5 6.12% $5,397
    DHI MORTGAGE COMPANY, LTD. 5 6.25% $6,700
    NEWREZ LLC 4 6.59% $10,295
    NAVY FEDERAL CREDIT UNION 4 5.88% $7,514
    CMG MORTGAGE, INC. 4 7.19% $8,651
    NEW DAY FINANCIAL, LLC 4 7.74% $12,190
    Carrington Mortgage Services, LLC 2 5.81% $10,146
    Simmons Bank 2 6.88% $9,010
    BROKER SOLUTIONS, INC. 2 6.75% $9,197
    1ST SIGNATURE LENDING, LLC 2 6.56% $8,477
    LAKEVIEW LOAN SERVICING, LLC 2 6.13% $4,515
    MOVEMENT MORTGAGE, LLC 2 6.25% $5,090
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.94% $19,476
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $3,084
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.75% $1,065
    STOCKTON MORTGAGE CORPORATION 1 6.25% $6,179
    TOWNE MORTGAGE COMPANY 1 6.75% $4,371
    UNION HOME MORTGAGE CORP. 1 7.13% $9,936
    USAA Federal Savings Bank 1 6.50% $3,716
    TJC Mortgage, Inc. 1 6.13% $9,219
    ALLIANT CREDIT UNION 1 5.88% $3,921
    AmeriHome Mortgage Company, LLC 1 7.13% $8,681
    AMERISAVE MORTGAGE CORPORATION 1 5.38% $28,049
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $6,355
    BancorpSouth 1 6.50% $14,277
    Barrington Bank & Trust Company, N.A. 1 5.75% $3,890
    Century Mortgage Company DBA Century Lending Company 1 6.63% $6,020
    CLEARPATH LENDING 1 5.88% $10,624
    DIRECT LENDERS, LLC 1 4.99% $10,567
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $650
    Gateway First Bank 1 7.25% $3,039
    GUARANTEED RATE, INC. 1 5.75% $0
    HOMESTEAD FUNDING CORP. 1 6.00% $2,296
    LOANDEPOT.COM, LLC 1 4.99% $20,002
    Magnolia Bank 1 6.25% $9,635
    Mr. Cooper ( Nationstar Mortgage ) 1 7.75% $7,743
    Paramount Residential Mortgage Group, Inc. 1 7.25% $21,810
    PHH Mortgage Corporation 1 5.99% $31,954
    PLANET HOME LENDING, LLC 1 5.75% $3,776
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.50% $657

    The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $5,442, which is $2,067 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,442), UNITED WHOLESALE MORTGAGE, LLC ($7,509), .

    The lowest rate Athens VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.06%), Mortgage Research Center, LLC (6.34%), .

    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.