Atlanta VA Loan Rates, Closing Costs & Stats
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 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.
Atlanta's 252 lenders originated 8,328 VA loans during 2023. The total origination value was $3,159,450,000, with an average VA loan value of $379,377.
Atlanta VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Atlanta
averaged
7.08%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Atlanta's average VA mortgage closing costs are $6,394.
The average rate for the prior week (2024-04-12) was
6.91% and
one month ago for the week of 2024-03-15, the
average rate was 6.77%.
The average rate one year ago was 6.06%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.95%.
Atlanta 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 Atlanta level.
The top Atlanta VA lender as defined by loan originations is Mortgage Research Center, LLC, with
1,063 VA loans originated. Their average total fees are
$7,122, which is $5,325
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Atlanta VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC ($5,092), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,761), SWBC MORTGAGE CORPORATION ($5,851), NAVY FEDERAL CREDIT UNION ($5,854) and MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,956).
The lowest rate Atlanta VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.09%), NVR Mortgage Finance, Inc. (5.37%), DHI MORTGAGE COMPANY, LTD. (5.45%), BNC National Bank (5.58%) and PENNYMAC LOAN SERVICES, LLC (5.59%).
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 | $302,500 (12.3%) | $421,210 (8.5%) | 1.12 | 21,599 |
| 2018-02-01 | $311,900 (13.1%) | $430,970 (7.8%) | 1.13 | 21,000 |
| 2018-03-01 | $324,815 (14.6%) | $443,053 (7.2%) | 1.14 | 21,478 |
| 2018-04-01 | $336,932 (12.9%) | $460,536 (8.8%) | 1.14 | 22,028 |
| 2018-05-01 | $339,450 (13.2%) | $460,873 (8.3%) | 1.13 | 22,851 |
| 2018-06-01 | $339,900 (13.3%) | $458,997 (8.6%) | 1.13 | 23,821 |
| 2018-07-01 | $329,930 (10.5%) | $443,463 (7.3%) | 1.10 | 25,493 |
| 2018-08-01 | $325,000 (10.2%) | $442,705 (7.7%) | 1.09 | 25,885 |
| 2018-09-01 | $324,500 (9.6%) | $432,446 (5.8%) | 1.09 | 26,312 |
| 2018-10-01 | $315,863 (6.4%) | $430,173 (4.4%) | 1.07 | 28,362 |
| 2018-11-01 | $315,450 (5.6%) | $434,164 (5.0%) | 1.07 | 28,028 |
| 2018-12-01 | $313,900 (4.7%) | $431,791 (4.1%) | 1.08 | 27,127 |
| 2019-01-01 | $309,900 (2.5%) | $428,743 (1.8%) | 1.07 | 25,480 |
| 2019-02-01 | $319,450 (2.4%) | $440,067 (2.1%) | 1.08 | 25,217 |
| 2019-03-01 | $322,143 (-0.8%) | $441,043 (-0.5%) | 1.05 | 26,406 |
| 2019-04-01 | $325,000 (-3.5%) | $438,224 (-4.8%) | 1.03 | 28,288 |
| 2019-05-01 | $329,900 (-2.8%) | $441,938 (-4.1%) | 1.03 | 29,082 |
| 2019-06-01 | $325,000 (-4.4%) | $438,115 (-4.6%) | 1.02 | 29,595 |
| 2019-07-01 | $324,950 (-1.5%) | $433,031 (-2.4%) | 1.02 | 30,393 |
| 2019-08-01 | $320,362 (-1.4%) | $423,477 (-4.3%) | 1.01 | 30,480 |
| 2019-09-01 | $314,665 (-3.0%) | $417,305 (-3.5%) | 1.01 | 30,212 |
| 2019-10-01 | $317,750 (0.6%) | $422,738 (-1.7%) | 1.03 | 28,639 |
| 2019-11-01 | $322,000 (2.1%) | $431,923 (-0.5%) | 1.06 | 26,121 |
| 2019-12-01 | $317,936 (1.3%) | $430,222 (-0.4%) | 1.06 | 24,341 |
| 2020-01-01 | $316,745 (2.2%) | $429,705 (0.2%) | 1.06 | 22,407 |
| 2020-02-01 | $320,000 (0.2%) | $438,324 (-0.4%) | 1.05 | 21,487 |
| 2020-03-01 | $329,450 (2.3%) | $447,127 (1.4%) | 1.03 | 21,537 |
| 2020-04-01 | $325,000 (0.0%) | $438,717 (0.1%) | 1.02 | 23,446 |
| 2020-05-01 | $334,900 (1.5%) | $451,854 (2.2%) | 1.02 | 23,115 |
| 2020-06-01 | $345,450 (6.3%) | $467,630 (6.7%) | 1.02 | 20,978 |
| 2020-07-01 | $349,950 (7.7%) | $482,054 (11.3%) | 1.01 | 18,878 |
| 2020-08-01 | $350,000 (9.3%) | $486,739 (14.9%) | 1.00 | 17,541 |
| 2020-09-01 | $351,291 (11.6%) | $492,513 (18.0%) | 1.01 | 16,258 |
| 2020-10-01 | $354,190 (11.5%) | $498,920 (18.0%) | 1.01 | 15,849 |
| 2020-11-01 | $350,813 (9.0%) | $503,714 (16.6%) | 1.03 | 14,439 |
| 2020-12-01 | $349,950 (10.1%) | $500,841 (16.4%) | 1.04 | 12,886 |
| 2021-01-01 | $350,000 (10.5%) | $509,256 (18.5%) | 1.04 | 11,159 |
| 2021-02-01 | $359,900 (12.5%) | $526,585 (20.1%) | 1.05 | 9,440 |
| 2021-03-01 | $367,210 (11.5%) | $534,827 (19.6%) | 1.04 | 8,999 |
| 2021-04-01 | $382,500 (17.7%) | $549,764 (25.3%) | 1.04 | 8,980 |
| 2021-05-01 | $389,900 (16.4%) | $565,452 (25.1%) | 1.04 | 9,128 |
| 2021-06-01 | $394,950 (14.3%) | $557,691 (19.3%) | 1.04 | 9,963 |
| 2021-07-01 | $399,900 (14.3%) | $563,606 (16.9%) | 1.06 | 11,272 |
| 2021-08-01 | $395,125 (12.9%) | $551,850 (13.4%) | 1.05 | 11,646 |
| 2021-09-01 | $396,603 (12.9%) | $552,443 (12.2%) | 1.06 | 11,689 |
| 2021-10-01 | $394,000 (11.2%) | $549,260 (10.1%) | 1.05 | 11,319 |
| 2021-11-01 | $394,995 (12.6%) | $550,230 (9.2%) | 1.06 | 11,066 |
| 2021-12-01 | $390,000 (11.4%) | $549,695 (9.8%) | 1.06 | 10,494 |
| 2022-01-01 | $389,900 (11.4%) | $555,923 (9.2%) | 1.05 | 8,660 |
| 2022-02-01 | $392,450 (9.0%) | $576,549 (9.5%) | 1.02 | 7,774 |
| 2022-03-01 | $399,450 (8.8%) | $576,228 (7.7%) | 1.00 | 7,808 |
| 2022-04-01 | $415,000 (8.5%) | $595,101 (8.3%) | 0.99 | 8,146 |
| 2022-05-01 | $429,950 (10.3%) | $606,963 (7.3%) | 0.98 | 10,022 |
| 2022-06-01 | $449,450 (13.8%) | $617,395 (10.7%) | 1.00 | 12,124 |
| 2022-07-01 | $439,000 (9.8%) | $595,754 (5.7%) | 0.99 | 15,521 |
| 2022-08-01 | $425,000 (7.6%) | $580,760 (5.2%) | 0.98 | 16,826 |
| 2022-09-01 | $419,995 (5.9%) | $566,102 (2.5%) | 0.98 | 17,131 |
| 2022-10-01 | $413,995 (5.1%) | $553,378 (0.8%) | 0.97 | 18,160 |
| 2022-11-01 | $403,025 (2.0%) | $550,342 (0.0%) | 0.97 | 18,197 |
| 2022-12-01 | $399,900 (2.5%) | $544,509 (-0.9%) | 0.99 | 17,020 |
| 2023-01-01 | $399,900 (2.6%) | $550,044 (-1.1%) | 0.99 | 15,106 |
| 2023-02-01 | $399,950 (1.9%) | $560,345 (-2.8%) | 0.97 | 14,034 |
| 2023-03-01 | $409,950 (2.6%) | $574,394 (-0.3%) | 0.97 | 13,278 |
| 2023-04-01 | $420,000 (1.2%) | $593,352 (-0.3%) | 0.98 | 12,245 |
| 2023-05-01 | $430,108 (0.0%) | $608,512 (0.3%) | 0.98 | 12,236 |
| 2023-06-01 | $437,483 (-2.7%) | $612,408 (-0.8%) | 0.98 | 13,057 |
| 2023-07-01 | $435,000 (-0.9%) | $613,809 (3.0%) | 0.99 | 14,132 |
| 2023-08-01 | $430,000 (1.2%) | $608,008 (4.7%) | 0.99 | 14,505 |
| 2023-09-01 | $425,940 (1.4%) | $601,274 (6.2%) | 0.99 | 15,640 |
| 2023-10-01 | $425,000 (2.7%) | $595,090 (7.5%) | 1.00 | 16,671 |
| 2023-11-01 | $419,995 (4.2%) | $591,751 (7.5%) | 1.00 | 17,153 |
| 2023-12-01 | $415,000 (3.8%) | $590,733 (8.5%) | 1.01 | 16,414 |
| 2024-01-01 | $409,900 (2.5%) | $590,830 (7.4%) | 1.00 | 15,381 |
| 2024-02-01 | $409,275 (2.3%) | $594,317 (6.1%) | 0.99 | 15,486 |
| 2024-03-01 | $410,000 (0.0%) | $597,670 (4.1%) | 0.96 | 16,211 |
Atlanta's median listing price comes in at 96% of the national average.
Atlanta's average listing price for 2024-03-01 was $597,670, a difference of $23,276 (4.1%) versus the prior year and $3,353 versus the prior month.
For the 2024-03-01 period, Atlanta had 16,211 MLS listings, a difference of 725 listings (5%) versus the prior month and 2,933 listings (22%) 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 | 72 days | 2,579 sqft |
| 2018-02-01 | 62 days | 2,607 sqft |
| 2018-03-01 | 47 days | 2,648 sqft |
| 2018-04-01 | 46 days | 2,707 sqft |
| 2018-05-01 | 45 days | 2,699 sqft |
| 2018-06-01 | 47 days | 2,679 sqft |
| 2018-07-01 | 48 days | 2,628 sqft |
| 2018-08-01 | 50 days | 2,603 sqft |
| 2018-09-01 | 53 days | 2,587 sqft |
| 2018-10-01 | 57 days | 2,546 sqft |
| 2018-11-01 | 58 days | 2,543 sqft |
| 2018-12-01 | 65 days | 2,521 sqft |
| 2019-01-01 | 69 days | 2,488 sqft |
| 2019-02-01 | 59 days | 2,482 sqft |
| 2019-03-01 | 49 days | 2,522 sqft |
| 2019-04-01 | 47 days | 2,558 sqft |
| 2019-05-01 | 48 days | 2,594 sqft |
| 2019-06-01 | 52 days | 2,576 sqft |
| 2019-07-01 | 55 days | 2,535 sqft |
| 2019-08-01 | 55 days | 2,512 sqft |
| 2019-09-01 | 58 days | 2,486 sqft |
| 2019-10-01 | 59 days | 2,462 sqft |
| 2019-11-01 | 61 days | 2,440 sqft |
| 2019-12-01 | 72 days | 2,412 sqft |
| 2020-01-01 | 72 days | 2,405 sqft |
| 2020-02-01 | 61 days | 2,419 sqft |
| 2020-03-01 | 51 days | 2,427 sqft |
| 2020-04-01 | 52 days | 2,402 sqft |
| 2020-05-01 | 58 days | 2,410 sqft |
| 2020-06-01 | 56 days | 2,423 sqft |
| 2020-07-01 | 58 days | 2,424 sqft |
| 2020-08-01 | 57 days | 2,405 sqft |
| 2020-09-01 | 53 days | 2,350 sqft |
| 2020-10-01 | 52 days | 2,316 sqft |
| 2020-11-01 | 56 days | 2,269 sqft |
| 2020-12-01 | 62 days | 2,227 sqft |
| 2021-01-01 | 58 days | 2,211 sqft |
| 2021-02-01 | 44 days | 2,192 sqft |
| 2021-03-01 | 39 days | 2,203 sqft |
| 2021-04-01 | 36 days | 2,246 sqft |
| 2021-05-01 | 35 days | 2,244 sqft |
| 2021-06-01 | 34 days | 2,256 sqft |
| 2021-07-01 | 33 days | 2,246 sqft |
| 2021-08-01 | 38 days | 2,227 sqft |
| 2021-09-01 | 42 days | 2,204 sqft |
| 2021-10-01 | 44 days | 2,176 sqft |
| 2021-11-01 | 43 days | 2,180 sqft |
| 2021-12-01 | 48 days | 2,160 sqft |
| 2022-01-01 | 52 days | 2,133 sqft |
| 2022-02-01 | 36 days | 2,118 sqft |
| 2022-03-01 | 33 days | 2,119 sqft |
| 2022-04-01 | 32 days | 2,183 sqft |
| 2022-05-01 | 30 days | 2,238 sqft |
| 2022-06-01 | 27 days | 2,312 sqft |
| 2022-07-01 | 29 days | 2,300 sqft |
| 2022-08-01 | 36 days | 2,277 sqft |
| 2022-09-01 | 41 days | 2,267 sqft |
| 2022-10-01 | 44 days | 2,250 sqft |
| 2022-11-01 | 49 days | 2,231 sqft |
| 2022-12-01 | 59 days | 2,200 sqft |
| 2023-01-01 | 66 days | 2,191 sqft |
| 2023-02-01 | 51 days | 2,185 sqft |
| 2023-03-01 | 46 days | 2,218 sqft |
| 2023-04-01 | 43 days | 2,246 sqft |
| 2023-05-01 | 40 days | 2,279 sqft |
| 2023-06-01 | 39 days | 2,303 sqft |
| 2023-07-01 | 40 days | 2,282 sqft |
| 2023-08-01 | 41 days | 2,270 sqft |
| 2023-09-01 | 43 days | 2,250 sqft |
| 2023-10-01 | 43 days | 2,233 sqft |
| 2023-11-01 | 45 days | 2,210 sqft |
| 2023-12-01 | 53 days | 2,197 sqft |
| 2024-01-01 | 56 days | 2,162 sqft |
| 2024-02-01 | 43 days | 2,158 sqft |
| 2024-03-01 | 41 days | 2,156 sqft |
Atlanta's median square footage for active listings during the 2024-03-01 period was 2,156 sqft. One year prior, the average listing was 2,218 sqft.