Atlanta VA Loans
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA
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.
Atlanta's 313 lenders originated 25,835 VA loans during 2021. The total origination value was $7,632,485,000, with an average VA loan value of $295,432.
Atlanta VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Atlanta
averaged
5.38%
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
5.63% and
one month ago for the week of 2022-07-01, the
average rate was 5.55%.
The average rate one year ago was 3.03%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.04%.
Atlanta 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 Atlanta level.
The top Atlanta VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
2,467 VA loans originated. Their average total fees are
$5,211, which is $556
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Atlanta VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($2,443), AmeriHome Mortgage Company, LLC ($2,461), PLANET HOME LENDING, LLC ($2,637), LAKEVIEW LOAN SERVICING, LLC ($2,718) and PENTAGON FEDERAL CREDIT UNION ($2,790).
The lowest rate Atlanta VA lenders (with over 10 loans originated) are
KS StateBank (2.30%), VILLAGE CAPITAL & INVESTMENT LLC (2.30%), Capital Bank (2.31%), CLEARPATH LENDING (2.33%) and BNC National Bank (2.34%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Atlanta (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 | $306,950 (13.7%) | $420,649 (8.4%) | 1.13 | 31,596 |
| 2018-02-01 | $312,450 (13.7%) | $429,864 (8.1%) | 1.13 | 30,862 |
| 2018-03-01 | $324,900 (15.0%) | $439,915 (6.3%) | 1.12 | 31,786 |
| 2018-04-01 | $337,000 (13.5%) | $459,576 (9.2%) | 1.13 | 33,133 |
| 2018-05-01 | $341,200 (13.8%) | $457,395 (8.3%) | 1.14 | 34,798 |
| 2018-06-01 | $339,900 (13.3%) | $450,984 (7.6%) | 1.13 | 36,707 |
| 2018-07-01 | $330,772 (11.0%) | $442,119 (7.8%) | 1.10 | 39,645 |
| 2018-08-01 | $325,000 (8.4%) | $437,679 (6.5%) | 1.09 | 40,355 |
| 2018-09-01 | $324,900 (8.3%) | $428,724 (4.1%) | 1.09 | 40,907 |
| 2018-10-01 | $319,450 (6.5%) | $428,758 (3.5%) | 1.07 | 43,412 |
| 2018-11-01 | $319,116 (6.4%) | $433,446 (4.3%) | 1.07 | 42,799 |
| 2018-12-01 | $315,000 (5.0%) | $430,358 (3.5%) | 1.08 | 41,239 |
| 2019-01-01 | $313,950 (2.3%) | $426,742 (1.5%) | 1.08 | 38,751 |
| 2019-02-01 | $317,446 (1.6%) | $431,742 (0.4%) | 1.06 | 38,408 |
| 2019-03-01 | $324,237 (-0.2%) | $437,858 (-0.5%) | 1.06 | 39,965 |
| 2019-04-01 | $329,950 (-2.1%) | $441,475 (-3.9%) | 1.04 | 42,472 |
| 2019-05-01 | $337,510 (-1.1%) | $445,536 (-2.6%) | 1.04 | 44,114 |
| 2019-06-01 | $334,900 (-1.5%) | $441,204 (-2.2%) | 1.03 | 45,459 |
| 2019-07-01 | $329,450 (-0.4%) | $437,383 (-1.1%) | 1.02 | 46,695 |
| 2019-08-01 | $323,803 (-0.4%) | $428,339 (-2.1%) | 1.02 | 46,404 |
| 2019-09-01 | $320,000 (-1.5%) | $424,767 (-0.9%) | 1.02 | 45,741 |
| 2019-10-01 | $322,450 (0.9%) | $425,889 (-0.7%) | 1.03 | 45,447 |
| 2019-11-01 | $325,000 (1.8%) | $432,609 (-0.2%) | 1.05 | 42,567 |
| 2019-12-01 | $319,950 (1.6%) | $432,699 (0.5%) | 1.07 | 39,610 |
| 2020-01-01 | $319,450 (1.8%) | $428,857 (0.5%) | 1.07 | 36,029 |
| 2020-02-01 | $324,816 (2.3%) | $437,514 (1.3%) | 1.05 | 34,358 |
| 2020-03-01 | $329,950 (1.8%) | $447,343 (2.2%) | 1.03 | 34,219 |
| 2020-04-01 | $325,450 (-1.4%) | $435,520 (-1.4%) | 1.01 | 37,555 |
| 2020-05-01 | $334,848 (-0.8%) | $448,284 (0.6%) | 1.01 | 36,728 |
| 2020-06-01 | $347,000 (3.6%) | $465,635 (5.5%) | 1.01 | 32,950 |
| 2020-07-01 | $356,508 (8.2%) | $487,217 (11.4%) | 1.02 | 29,473 |
| 2020-08-01 | $365,000 (12.7%) | $499,231 (16.6%) | 1.04 | 27,410 |
| 2020-09-01 | $369,000 (15.3%) | $509,326 (19.9%) | 1.05 | 25,550 |
| 2020-10-01 | $369,000 (14.4%) | $512,528 (20.3%) | 1.05 | 24,793 |
| 2020-11-01 | $359,950 (10.8%) | $509,917 (17.9%) | 1.03 | 22,636 |
| 2020-12-01 | $354,950 (10.9%) | $511,310 (18.2%) | 1.04 | 20,061 |
| 2021-01-01 | $352,000 (10.2%) | $509,032 (18.7%) | 1.04 | 17,249 |
| 2021-02-01 | $361,183 (11.2%) | $525,895 (20.2%) | 1.04 | 14,377 |
| 2021-03-01 | $366,795 (11.2%) | $527,725 (18.0%) | 1.03 | 13,694 |
| 2021-04-01 | $379,950 (16.8%) | $538,171 (23.6%) | 1.02 | 13,808 |
| 2021-05-01 | $389,900 (16.4%) | $550,399 (22.8%) | 1.03 | 14,138 |
| 2021-06-01 | $394,950 (13.8%) | $549,503 (18.0%) | 1.03 | 15,605 |
| 2021-07-01 | $399,900 (12.2%) | $561,007 (15.2%) | 1.04 | 17,254 |
| 2021-08-01 | $396,000 (8.5%) | $546,586 (9.5%) | 1.04 | 18,500 |
| 2021-09-01 | $397,500 (7.7%) | $543,834 (6.8%) | 1.05 | 18,409 |
| 2021-10-01 | $393,900 (6.8%) | $541,183 (5.6%) | 1.04 | 18,203 |
| 2021-11-01 | $393,980 (9.5%) | $544,044 (6.7%) | 1.04 | 17,333 |
| 2021-12-01 | $389,945 (9.9%) | $538,092 (5.2%) | 1.04 | 15,990 |
| 2022-01-01 | $385,900 (9.6%) | $545,479 (7.2%) | 1.03 | 13,416 |
| 2022-02-01 | $389,950 (8.0%) | $566,392 (7.7%) | 0.99 | 12,055 |
| 2022-03-01 | $399,450 (8.9%) | $568,445 (7.7%) | 0.99 | 12,135 |
| 2022-04-01 | $412,000 (8.4%) | $588,140 (9.3%) | 0.97 | 12,593 |
| 2022-05-01 | $427,950 (9.8%) | $601,700 (9.3%) | 0.96 | 15,632 |
| 2022-06-01 | $445,000 (12.7%) | $611,493 (11.3%) | 0.99 | 19,257 |
Atlanta's median listing price comes in at 99% of the national average.
Atlanta's average listing price for 2022-06-01 was $611,493, a difference of $61,990 (11.3%) versus the prior year and $9,793 versus the prior month.
For the 2022-06-01 period, Atlanta had 19,257 MLS listings, a difference of 3,625 listings (23%) versus the prior month and 3,652 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Atlanta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 68 days | 2,587 sqft |
| 2018-02-01 | 54 days | 2,609 sqft |
| 2018-03-01 | 43 days | 2,650 sqft |
| 2018-04-01 | 44 days | 2,710 sqft |
| 2018-05-01 | 44 days | 2,702 sqft |
| 2018-06-01 | 45 days | 2,678 sqft |
| 2018-07-01 | 46 days | 2,635 sqft |
| 2018-08-01 | 49 days | 2,604 sqft |
| 2018-09-01 | 51 days | 2,580 sqft |
| 2018-10-01 | 54 days | 2,550 sqft |
| 2018-11-01 | 55 days | 2,545 sqft |
| 2018-12-01 | 64 days | 2,529 sqft |
| 2019-01-01 | 67 days | 2,494 sqft |
| 2019-02-01 | 56 days | 2,483 sqft |
| 2019-03-01 | 49 days | 2,531 sqft |
| 2019-04-01 | 46 days | 2,572 sqft |
| 2019-05-01 | 47 days | 2,600 sqft |
| 2019-06-01 | 49 days | 2,588 sqft |
| 2019-07-01 | 52 days | 2,559 sqft |
| 2019-08-01 | 52 days | 2,525 sqft |
| 2019-09-01 | 56 days | 2,498 sqft |
| 2019-10-01 | 53 days | 2,498 sqft |
| 2019-11-01 | 56 days | 2,489 sqft |
| 2019-12-01 | 64 days | 2,457 sqft |
| 2020-01-01 | 67 days | 2,445 sqft |
| 2020-02-01 | 57 days | 2,459 sqft |
| 2020-03-01 | 49 days | 2,478 sqft |
| 2020-04-01 | 49 days | 2,424 sqft |
| 2020-05-01 | 56 days | 2,437 sqft |
| 2020-06-01 | 52 days | 2,458 sqft |
| 2020-07-01 | 49 days | 2,476 sqft |
| 2020-08-01 | 44 days | 2,448 sqft |
| 2020-09-01 | 42 days | 2,397 sqft |
| 2020-10-01 | 43 days | 2,361 sqft |
| 2020-11-01 | 46 days | 2,295 sqft |
| 2020-12-01 | 52 days | 2,250 sqft |
| 2021-01-01 | 54 days | 2,227 sqft |
| 2021-02-01 | 42 days | 2,198 sqft |
| 2021-03-01 | 38 days | 2,206 sqft |
| 2021-04-01 | 35 days | 2,250 sqft |
| 2021-05-01 | 33 days | 2,247 sqft |
| 2021-06-01 | 33 days | 2,271 sqft |
| 2021-07-01 | 32 days | 2,272 sqft |
| 2021-08-01 | 34 days | 2,233 sqft |
| 2021-09-01 | 36 days | 2,216 sqft |
| 2021-10-01 | 37 days | 2,181 sqft |
| 2021-11-01 | 38 days | 2,174 sqft |
| 2021-12-01 | 43 days | 2,143 sqft |
| 2022-01-01 | 46 days | 2,112 sqft |
| 2022-02-01 | 36 days | 2,092 sqft |
| 2022-03-01 | 33 days | 2,094 sqft |
| 2022-04-01 | 31 days | 2,154 sqft |
| 2022-05-01 | 29 days | 2,230 sqft |
| 2022-06-01 | 26 days | 2,297 sqft |
Atlanta's median square footage for active listings during the 2022-06-01 period was 2,297 sqft. One year prior, the average listing was 2,271 sqft.
