Athens VA Loan Rates, Closing Costs & Stats

Athens, TX

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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 42 lenders originated 102 VA loans during 2023. The total origination value was $29,850,000, with an average VA loan value of $292,647.

    Athens VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Athens averaged 6.73% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Athens's average VA mortgage closing costs are $5,951.

    The average rate for the prior week (2024-07-12) was 6.77% and one month ago for the week of 2024-06-14, the average rate was 7.03%.

    The average rate one year ago was 7.11%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.43%.

    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 29 6.50% $7,891
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.71% $6,916
    NAVY FEDERAL CREDIT UNION 6 5.69% $5,918
    GUILD MORTGAGE COMPANY 6 6.07% $7,275
    DHI MORTGAGE COMPANY, LTD. 4 6.25% $9,617
    GUARANTEED RATE, INC. 4 6.16% $6,160
    ZILLOW HOME LOANS, LLC 2 5.94% $5,782
    CMG MORTGAGE, INC. 2 6.75% $9,203
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $11,468
    Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $13,212
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $3,542
    Prosperity Home Mortgage, LLC 2 6.38% $5,856
    TIB The Independent Bankersbank 2 6.19% $6,091
    Town Square Mortgage & Investments, Inc. 2 6.94% $2,122
    UNITED WHOLESALE MORTGAGE, LLC 2 6.49% $2,954
    BancorpSouth 1 6.63% $4,280
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.85% $2,524
    HALLMARK HOME MORTGAGE, LLC 1 6.75% $8,757
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 5.75% $13,580
    LOANDEPOT.COM, LLC 1 7.13% $14,648
    Mid-Continent Funding, Inc. 1 6.75% $6,550
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.75% $400
    USAA Federal Savings Bank 1 6.75% $9,258
    WILLOW BEND MORTGAGE COMPANY, LLC 1 6.35% $7,513
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $3,070
    NBKC BANK 1 6.25% $6,699
    NEWREZ LLC 1 5.63% $8,316
    Trinity Oaks Mortgage, LLC 1 7.25% $11,047
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $16,226
    AMCAP MORTGAGE, LTD. 1 6.99% $4,715
    QUICKEN LOANS, LLC 1 5.49% $9,824
    SENTE MORTGAGE, INC. 1 7.75% $9,653
    SFMC, LP 1 6.13% $10,190
    Sunflower Bank 1 6.49% $8,793
    The Federal Savings Bank 1 6.75% $9,701
    CARDINAL FINANCIAL 1 7.25% $19,708
    Equity Prime Mortgage LLC 1 6.25% $3,253
    Barrington Bank & Trust Company, N.A. 1 5.13% $2,913
    Farmers Bank & Trust 1 5.63% $3,390
    FREEDOM MORTGAGE CORPORATION 1 7.25% $7,183
    Gateway First Bank 1 5.50% $6,568
    GUARANTEED RATE AFFINITY, LLC 1 6.20% $6,836

    The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 29 VA loans originated. Their average total fees are $7,891, which is $975 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,891), .

    The lowest rate Athens VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.50%), .

    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.