Athens VA Loans

Athens, TX

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 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 69 lenders originated 216 VA loans during 2021. The total origination value was $54,140,000, with an average VA loan value of $250,648.

Athens VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Athens averaged 5.35% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.51% and one month ago for the week of 2022-07-01, the average rate was 5.73%.

The average rate one year ago was 3.01%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.2%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Athens level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 26 2.97% $6,169
FREEDOM MORTGAGE CORPORATION 17 2.49% $3,045
GUILD MORTGAGE COMPANY 8 2.73% $8,675
Gateway First Bank 7 2.47% $5,223
QUICKEN LOANS, LLC 7 2.68% $2,362
VILLAGE CAPITAL & INVESTMENT LLC 7 2.46% $2,302
CALIBER HOME LOANS, INC. 6 2.48% $2,009
PENNYMAC LOAN SERVICES, LLC 6 2.60% $4,754
USAA Federal Savings Bank 5 2.78% $2,604
NEW DAY FINANCIAL, LLC 5 2.57% $5,234
NAVY FEDERAL CREDIT UNION 5 2.58% $7,354
Mr. Cooper ( Nationstar Mortgage ) 4 3.47% $7,680
UNITED WHOLESALE MORTGAGE, LLC 4 2.45% $2,561
CLEARPATH LENDING 4 2.50% $2,342
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.15% $5,398
Hometown Lenders, Inc. 3 3.00% $15,142
HOME POINT FINANCIAL CORPORATION 3 2.33% $4,927
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 3.17% $12,938
Wells Fargo Bank 3 2.83% $2,943
Low VA Rates, LLC 3 2.75% $2,667
CMG MORTGAGE, INC. 3 2.88% $10,499
LAKEVIEW LOAN SERVICING, LLC 2 2.62% $3,075
AMERISAVE MORTGAGE CORPORATION 2 2.69% $5,977
LOANDEPOT.COM, LLC 2 3.49% $5,124
MORTGAGE FINANCIAL SERVICES, LLC 2 3.46% $7,318
ASPIRE FINANCIAL, INC. 2 2.69% $4,385
Carrington Mortgage Services, LLC 2 3.31% $45
NEWREZ LLC 2 2.44% $5,873
North American Savings Bank, F.S.B. 2 2.25% $4,906
PENTAGON FEDERAL CREDIT UNION 2 2.25% $5,802
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.31% $7,056
GREAT WESTERN FINANCIAL SERVICES, INC. 2 3.06% $4,925
GUARANTEED RATE, INC. 2 2.94% $7,744
UNION HOME MORTGAGE CORP. 2 3.00% $6,493
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.25% $11,608
Barrington Bank & Trust Company, N.A. 2 2.63% $6,109
COUNTRYPLACE MORTGAGE, LTD. 2 2.88% $10,150
WILLOW BEND MORTGAGE COMPANY, LLC 1 2.88% $4,360
ALTRA 1 2.25% $1,757
AMCAP MORTGAGE, LTD. 1 3.13% $7,087
AmeriHome Mortgage Company, LLC 1 3.50% $2,116
Austin Bank, Texas 1 3.00% $5,296
CANOPY MORTGAGE, LLC 1 2.75% $5,093
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.88% $4,759
Commerce Home Mortgage, Inc. 1 3.88% $3,723
CONTOUR MORTGAGE CORPORATION 1 2.25% $2,928
CROSSCOUNTRY MORTGAGE, LLC 1 3.50% $9,211
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $15,415
FBC MORTGAGE, LLC 1 2.25% $3,649
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $3,655
First Bank 1 3.13% $7,669
First Guaranty Mortgage Corporation 1 2.75% $7,409
First National Bank Texas 1 2.63% $12,115
HOMESIDE FINANCIAL, LLC 1 2.50% $9,338
KS StateBank 1 2.25% $2,435
LEADERONE FINANCIAL CORPORATION 1 3.75% $4,212
LHM FINANCIAL CORPORATION 1 2.88% $8,081
MEMBER FIRST MORTGAGE, LLC 1 2.75% $37,082
NATIONS RELIABLE LENDING, LLC 1 3.25% $12,172
NBKC BANK 1 2.25% $9,814
NTFN, INC. 1 3.25% $2,152
Paramount Bank 1 2.25% $4,840
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $11,369
SFMC, LP 1 3.25% $22,389
SOUTHWEST STAGE FUNDING, LLC 1 2.88% $0
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $2,596
Town Square Mortgage & Investments, Inc. 1 3.25% $3,672
VAN DYK MORTGAGE CORPORATION 1 3.50% $1,976
ACADEMY MORTGAGE CORPORATION 1 2.75% $11,992

The top Athens VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $6,169, which is $3,124 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Athens VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,045), Mortgage Research Center, LLC ($6,169), .

The lowest rate Athens VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (2.49%), Mortgage Research Center, LLC (2.97%), .


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 $259,900 (2.5%) $407,882 (5.4%) 0.00 799
2018-02-01 $267,450 (5.9%) $414,904 (10.2%) 0.00 813
2018-03-01 $285,000 (7.3%) $412,864 (4.1%) 0.00 851
2018-04-01 $289,500 (7.6%) $406,906 (1.9%) 0.00 894
2018-05-01 $294,450 (8.3%) $419,778 (-0.3%) 0.00 911
2018-06-01 $289,500 (4.5%) $421,818 (-0.4%) 0.00 972
2018-07-01 $277,000 (-0.7%) $402,197 (-3.9%) 0.00 945
2018-08-01 $260,900 (-1.3%) $381,195 (-8.0%) 0.00 963
2018-09-01 $250,000 (-9.1%) $383,994 (-9.5%) 0.00 973
2018-10-01 $246,950 (-7.5%) $379,175 (-7.5%) 0.00 973
2018-11-01 $241,500 (-10.6%) $386,303 (-5.0%) 0.00 935
2018-12-01 $239,000 (-10.8%) $387,755 (-3.9%) 0.00 914
2019-01-01 $241,950 (-6.9%) $395,443 (-3.1%) 0.00 837
2019-02-01 $254,900 (-4.7%) $393,308 (-5.2%) 0.00 853
2019-03-01 $269,000 (-5.6%) $412,770 (0.0%) 0.00 788
2019-04-01 $271,250 (-6.3%) $407,869 (0.2%) 0.00 822
2019-05-01 $289,000 (-1.9%) $406,714 (-3.1%) 0.00 808
2019-06-01 $295,500 (2.1%) $411,859 (-2.4%) 0.00 820
2019-07-01 $279,950 (1.1%) $403,494 (0.3%) 0.00 807
2019-08-01 $274,714 (5.3%) $408,370 (7.1%) 0.00 786
2019-09-01 $269,450 (7.8%) $411,304 (7.1%) 0.00 774
2019-10-01 $267,500 (8.3%) $416,752 (9.9%) 0.00 765
2019-11-01 $265,000 (9.7%) $414,613 (7.3%) 0.00 724
2019-12-01 $265,000 (10.9%) $385,255 (-0.6%) 0.00 686
2020-01-01 $254,500 (5.2%) $388,590 (-1.7%) 0.00 623
2020-02-01 $249,000 (-2.3%) $384,857 (-2.2%) 0.00 666
2020-03-01 $244,500 (-9.1%) $379,346 (-8.1%) 0.00 700
2020-04-01 $239,450 (-11.7%) $366,667 (-10.1%) 0.00 721
2020-05-01 $242,000 (-16.3%) $397,456 (-2.3%) 0.00 632
2020-06-01 $239,000 (-19.1%) $384,183 (-6.7%) 0.00 499
2020-07-01 $234,450 (-16.3%) $391,072 (-3.1%) 0.00 461
2020-08-01 $229,900 (-16.3%) $422,264 (3.4%) 0.00 452
2020-09-01 $229,900 (-14.7%) $447,346 (8.8%) 0.00 447
2020-10-01 $239,000 (-10.7%) $462,659 (11.0%) 0.00 449
2020-11-01 $244,250 (-7.8%) $478,390 (15.4%) 0.00 467
2020-12-01 $240,950 (-9.1%) $461,762 (19.9%) 0.00 449
2021-01-01 $239,000 (-6.1%) $449,990 (15.8%) 0.00 407
2021-02-01 $253,400 (1.8%) $485,870 (26.3%) 0.00 328
2021-03-01 $282,500 (15.5%) $469,254 (23.7%) 0.00 285
2021-04-01 $304,950 (27.4%) $490,269 (33.7%) 0.00 277
2021-05-01 $332,000 (37.2%) $521,683 (31.3%) 0.00 272
2021-06-01 $332,500 (39.1%) $592,593 (54.3%) 0.00 301
2021-07-01 $344,500 (46.9%) $599,921 (53.4%) 0.00 364
2021-08-01 $377,000 (64.0%) $590,393 (39.8%) 0.00 419
2021-09-01 $359,999 (56.6%) $537,984 (20.3%) 0.00 441
2021-10-01 $339,000 (41.8%) $534,793 (15.6%) 0.00 426
2021-11-01 $349,500 (43.1%) $548,175 (14.6%) 0.00 401
2021-12-01 $327,500 (35.9%) $533,201 (15.5%) 0.00 389
2022-01-01 $327,900 (37.2%) $523,713 (16.4%) 0.00 342
2022-02-01 $345,000 (36.2%) $611,179 (25.8%) 0.00 285
2022-03-01 $399,000 (41.2%) $731,617 (55.9%) 0.00 282
2022-04-01 $399,000 (30.8%) $733,580 (49.6%) 0.00 322
2022-05-01 $404,250 (21.8%) $777,385 (49.0%) 0.00 411
2022-06-01 $417,400 (25.5%) $776,545 (31.0%) 0.00 506
Athens's median listing price for 2022-06-01 was $417,400, a difference of $84,900 (25.5%) versus the prior year and $13,150 versus the prior month.

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

Athens's average listing price for 2022-06-01 was $776,545, a difference of $183,952 (31.0%) versus the prior year and $-840 versus the prior month.

For the 2022-06-01 period, Athens had 506 MLS listings, a difference of 95 listings (23%) versus the prior month and 205 listings (68%) 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 2,015 sqft
2018-02-01 0 days 1,986 sqft
2018-03-01 0 days 2,017 sqft
2018-04-01 0 days 2,037 sqft
2018-05-01 0 days 2,064 sqft
2018-06-01 0 days 2,050 sqft
2018-07-01 0 days 2,048 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 1,924 sqft
2018-10-01 0 days 1,908 sqft
2018-11-01 0 days 1,941 sqft
2018-12-01 0 days 1,894 sqft
2019-01-01 0 days 1,894 sqft
2019-02-01 0 days 1,918 sqft
2019-03-01 0 days 1,988 sqft
2019-04-01 0 days 1,971 sqft
2019-05-01 0 days 2,037 sqft
2019-06-01 0 days 2,067 sqft
2019-07-01 0 days 2,014 sqft
2019-08-01 0 days 1,980 sqft
2019-09-01 0 days 1,947 sqft
2019-10-01 0 days 1,983 sqft
2019-11-01 0 days 1,950 sqft
2019-12-01 0 days 1,937 sqft
2020-01-01 0 days 1,912 sqft
2020-02-01 0 days 1,888 sqft
2020-03-01 0 days 1,858 sqft
2020-04-01 0 days 1,847 sqft
2020-05-01 0 days 1,850 sqft
2020-06-01 0 days 1,850 sqft
2020-07-01 0 days 1,848 sqft
2020-08-01 0 days 1,848 sqft
2020-09-01 0 days 1,845 sqft
2020-10-01 0 days 1,831 sqft
2020-11-01 0 days 1,809 sqft
2020-12-01 0 days 1,773 sqft
2021-01-01 0 days 1,775 sqft
2021-02-01 0 days 1,843 sqft
2021-03-01 0 days 1,864 sqft
2021-04-01 0 days 1,970 sqft
2021-05-01 0 days 1,972 sqft
2021-06-01 0 days 1,965 sqft
2021-07-01 0 days 1,934 sqft
2021-08-01 0 days 1,910 sqft
2021-09-01 0 days 1,878 sqft
2021-10-01 0 days 1,862 sqft
2021-11-01 0 days 1,854 sqft
2021-12-01 0 days 1,800 sqft
2022-01-01 0 days 1,810 sqft
2022-02-01 0 days 1,897 sqft
2022-03-01 0 days 1,901 sqft
2022-04-01 0 days 1,931 sqft
2022-05-01 0 days 1,989 sqft
2022-06-01 0 days 1,959 sqft
Athens's median listing age (time on market) for 2022-06-01 was 0 days.

Athens's median square footage for active listings during the 2022-06-01 period was 1,959 sqft. One year prior, the average listing was 1,965 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.