Athens VA Loan Rates, Closing Costs & Stats

Athens, TN

  • 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 48 lenders originated 140 VA loans during 2022. The total origination value was $37,510,000, with an average VA loan value of $267,929.

    Athens VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Athens averaged 0.04% 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 $5,127.

    The average rate for the prior week (2023-11-17) was 6.79% and one month ago for the week of 2023-10-20, the average rate was 7.02%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2023-11-24, the average rate was -0.84%.

    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 32 5.22% $5,881
    QUICKEN LOANS, LLC 12 4.08% $7,732
    MORTGAGE INVESTORS GROUP, INC. 10 4.41% $6,393
    UNITED WHOLESALE MORTGAGE, LLC 5 3.85% $8,006
    NEW DAY FINANCIAL, LLC 5 5.92% $11,724
    FREEDOM MORTGAGE CORPORATION 4 3.16% $6,761
    PENNYMAC LOAN SERVICES, LLC 4 4.53% $7,432
    CARDINAL FINANCIAL 4 4.09% $11,982
    DHI MORTGAGE COMPANY, LTD. 3 5.33% $11,703
    CALIBER HOME LOANS, INC. 3 4.70% $9,557
    CMG MORTGAGE, INC. 3 4.67% $7,600
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.75% $10,563
    Barrington Bank & Trust Company, N.A. 2 5.25% $10,893
    USAA Federal Savings Bank 2 4.31% $8,441
    Mr. Cooper ( Nationstar Mortgage ) 2 4.25% $3,793
    NAVY FEDERAL CREDIT UNION 2 5.75% $3,718
    FirstBank 2 4.50% $3,236
    The Federal Savings Bank 2 3.44% $27,271
    NATIONS DIRECT MORTGAGE, LLC 1 4.88% $17,238
    North American Savings Bank, F.S.B. 1 5.13% $3,200
    Paramount Residential Mortgage Group, Inc. 1 3.63% $6,513
    PLANET HOME LENDING, LLC 1 5.38% $9,478
    Renasant Bank 1 5.75% $4,591
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $29
    STOCKTON MORTGAGE CORPORATION 1 4.25% $12,806
    TJC Mortgage, Inc. 1 4.50% $9,410
    Truist 1 4.88% $1,142
    UNITED MORTGAGE CORP 1 4.50% $17,165
    VILLAGE CAPITAL MORTGAGE 1 4.38% $11,601
    AMCAP MORTGAGE, LTD. 1 4.75% $4,363
    Wells Fargo Bank 1 5.13% $2,457
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $3,046
    BAY EQUITY LLC 1 6.63% $6,573
    BROKER SOLUTIONS, INC. 1 4.25% $7,213
    CapStar Bank 1 4.63% $3,347
    CLEARPATH LENDING 1 2.88% $6,581
    COMMUNITY MORTGAGE CORPORATION 1 5.50% $9,510
    CU COMMUNITY, LLC 1 5.00% $4,935
    DAS Acquisition Company, LLC 1 3.75% $14,158
    First Citizens National Bank 1 3.88% $2,412
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $3,053
    Flagstar Bank, FSB 1 6.25% $16,366
    GUILD MORTGAGE COMPANY 1 5.00% $4,948
    HOME POINT FINANCIAL CORPORATION 1 4.50% $4,423
    Legacy Home Loans, LLC 1 5.38% $3,769
    LOANDEPOT.COM, LLC 1 4.88% $35,025
    Low VA Rates, LLC 1 2.25% $12,438
    MOVEMENT MORTGAGE, LLC 1 4.50% $1,790

    The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 32 VA loans originated. Their average total fees are $5,881, which is $1,851 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 ($5,881), MORTGAGE INVESTORS GROUP, INC. ($6,393), QUICKEN LOANS, LLC ($7,732), .

    The lowest rate Athens VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.08%), MORTGAGE INVESTORS GROUP, INC. (4.41%), Mortgage Research Center, LLC (5.22%), .

    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 $135,750 (3.9%) $204,979 (17.2%) 0.00 191
    2018-02-01 $139,175 (2.7%) $212,996 (16.9%) 0.00 177
    2018-03-01 $149,000 (7.0%) $216,658 (17.0%) 0.00 181
    2018-04-01 $155,000 (14.8%) $217,342 (26.1%) 0.00 201
    2018-05-01 $167,400 (20.5%) $227,398 (30.8%) 0.00 212
    2018-06-01 $169,900 (16.9%) $221,813 (25.2%) 0.00 231
    2018-07-01 $168,175 (16.1%) $224,710 (28.9%) 0.00 230
    2018-08-01 $170,425 (18.7%) $223,536 (24.4%) 0.00 235
    2018-09-01 $169,950 (14.1%) $225,544 (22.9%) 0.00 232
    2018-10-01 $178,000 (27.2%) $233,231 (25.9%) 0.00 240
    2018-11-01 $166,725 (23.5%) $229,209 (26.7%) 0.00 234
    2018-12-01 $160,000 (20.8%) $207,993 (3.1%) 0.00 215
    2019-01-01 $159,900 (17.8%) $205,394 (0.2%) 0.00 212
    2019-02-01 $165,000 (18.6%) $206,101 (-3.2%) 0.00 204
    2019-03-01 $171,957 (15.4%) $205,590 (-5.1%) 0.00 187
    2019-04-01 $176,675 (14.0%) $210,251 (-3.3%) 0.00 178
    2019-05-01 $192,325 (14.9%) $221,653 (-2.5%) 0.00 191
    2019-06-01 $189,900 (11.8%) $219,232 (-1.2%) 0.00 184
    2019-07-01 $179,900 (7.0%) $208,836 (-7.1%) 0.00 183
    2019-08-01 $177,173 (4.0%) $210,825 (-5.7%) 0.00 177
    2019-09-01 $173,082 (1.8%) $210,508 (-6.7%) 0.00 189
    2019-10-01 $172,855 (-2.9%) $211,447 (-9.3%) 0.00 191
    2019-11-01 $160,000 (-4.0%) $206,257 (-10.0%) 0.00 184
    2019-12-01 $162,900 (1.8%) $211,440 (1.7%) 0.00 184
    2020-01-01 $168,450 (5.4%) $216,276 (5.3%) 0.00 178
    2020-02-01 $170,000 (3.0%) $228,221 (10.7%) 0.00 158
    2020-03-01 $176,125 (2.4%) $228,824 (11.3%) 0.00 140
    2020-04-01 $165,125 (-6.5%) $222,863 (6.0%) 0.00 133
    2020-05-01 $189,950 (-1.2%) $251,107 (13.3%) 0.00 120
    2020-06-01 $204,325 (7.6%) $260,984 (19.0%) 0.00 107
    2020-07-01 $197,250 (9.6%) $241,656 (15.7%) 0.00 101
    2020-08-01 $209,950 (18.5%) $257,256 (22.0%) 0.00 92
    2020-09-01 $214,475 (23.9%) $268,089 (27.4%) 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%) $469,641 (12.1%) 0.00 89
    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
    Athens's median listing price for 2023-10-01 was $308,900, a difference of $-16,050 (-4.9%) versus the prior year and $-20,600 versus the prior month.

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

    Athens's average listing price for 2023-10-01 was $402,343, a difference of $-37,725 (-8.6%) versus the prior year and $-21,503 versus the prior month.

    For the 2023-10-01 period, Athens had 161 MLS listings, a difference of 14 listings (10%) versus the prior month and 18 listings (13%) 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 1,568 sqft
    2018-02-01 0 days 1,590 sqft
    2018-03-01 0 days 1,704 sqft
    2018-04-01 0 days 1,779 sqft
    2018-05-01 0 days 1,796 sqft
    2018-06-01 0 days 1,816 sqft
    2018-07-01 0 days 1,846 sqft
    2018-08-01 0 days 1,843 sqft
    2018-09-01 0 days 1,826 sqft
    2018-10-01 0 days 1,857 sqft
    2018-11-01 0 days 1,799 sqft
    2018-12-01 0 days 1,768 sqft
    2019-01-01 0 days 1,756 sqft
    2019-02-01 0 days 1,757 sqft
    2019-03-01 0 days 1,792 sqft
    2019-04-01 0 days 1,818 sqft
    2019-05-01 0 days 1,878 sqft
    2019-06-01 0 days 1,909 sqft
    2019-07-01 0 days 1,843 sqft
    2019-08-01 0 days 1,830 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
    Athens's median listing age (time on market) for 2023-10-01 was 0 days.

    Athens's median square footage for active listings during the 2023-10-01 period was 1,699 sqft. One year prior, the average listing was 1,976 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.