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 280 lenders originated 13,306 VA loans during 2022. The total origination value was $4,733,620,000, with an average VA loan value of $355,751.
Atlanta VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Atlanta
averaged
6.45%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Atlanta's average VA mortgage closing costs are $6,029.
The average rate for the prior week (2023-05-19) was
5.97% and
one month ago for the week of 2023-04-21, the
average rate was 5.89%.
The average rate one year ago was 5.16%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.37%.
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
1,510 VA loans originated. Their average total fees are
$8,050, which is $3,791
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Atlanta VA lenders (with over 10 loans originated) are
Truist ($4,877), Lakeview Community Capital, LLC ($5,101), Northpointe Bank ($5,219), EAGLE HOME MORTGAGE, LLC ($5,837) and PENTAGON FEDERAL CREDIT UNION ($5,948).
The lowest rate Atlanta VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (3.20%), PENNYMAC LOAN SERVICES, LLC (3.51%), Credence Funding Corporation (3.56%), LAKEVIEW LOAN SERVICING, LLC (3.57%) and First Guaranty Mortgage Corporation (3.58%).
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%) | $421,191 (8.5%) | 1.12 | 21,595 |
| 2018-02-01 | $311,900 (13.2%) | $430,962 (7.8%) | 1.13 | 20,996 |
| 2018-03-01 | $324,815 (14.6%) | $443,036 (7.2%) | 1.14 | 21,476 |
| 2018-04-01 | $336,883 (12.9%) | $460,539 (8.8%) | 1.14 | 22,027 |
| 2018-05-01 | $339,450 (13.2%) | $460,893 (8.3%) | 1.13 | 22,849 |
| 2018-06-01 | $339,900 (13.3%) | $458,975 (8.6%) | 1.13 | 23,823 |
| 2018-07-01 | $329,792 (10.5%) | $443,449 (7.3%) | 1.10 | 25,494 |
| 2018-08-01 | $325,000 (10.2%) | $442,694 (7.7%) | 1.09 | 25,883 |
| 2018-09-01 | $324,348 (9.6%) | $432,447 (5.8%) | 1.09 | 26,306 |
| 2018-10-01 | $315,748 (6.3%) | $430,111 (4.4%) | 1.07 | 28,359 |
| 2018-11-01 | $315,350 (5.6%) | $434,424 (5.1%) | 1.07 | 28,029 |
| 2018-12-01 | $313,482 (4.5%) | $432,051 (4.1%) | 1.08 | 27,130 |
| 2019-01-01 | $309,900 (2.5%) | $428,642 (1.8%) | 1.07 | 25,482 |
| 2019-02-01 | $319,450 (2.4%) | $440,069 (2.1%) | 1.08 | 25,215 |
| 2019-03-01 | $319,900 (-1.5%) | $433,210 (-2.2%) | 1.07 | 27,345 |
| 2019-04-01 | $325,000 (-3.5%) | $437,672 (-5.0%) | 1.03 | 28,309 |
| 2019-05-01 | $329,900 (-2.8%) | $441,703 (-4.2%) | 1.03 | 29,102 |
| 2019-06-01 | $325,000 (-4.4%) | $437,906 (-4.6%) | 1.02 | 29,612 |
| 2019-07-01 | $324,945 (-1.5%) | $432,838 (-2.4%) | 1.02 | 30,411 |
| 2019-08-01 | $325,000 (0.0%) | $431,513 (-2.5%) | 1.02 | 29,764 |
| 2019-09-01 | $324,868 (0.2%) | $430,870 (-0.4%) | 1.02 | 27,645 |
| 2019-10-01 | $318,500 (0.9%) | $422,924 (-1.7%) | 1.03 | 28,518 |
| 2019-11-01 | $322,000 (2.1%) | $431,986 (-0.6%) | 1.06 | 26,123 |
| 2019-12-01 | $318,138 (1.5%) | $430,252 (-0.4%) | 1.06 | 24,346 |
| 2020-01-01 | $316,745 (2.2%) | $429,708 (0.3%) | 1.06 | 22,408 |
| 2020-02-01 | $320,000 (0.2%) | $438,333 (-0.4%) | 1.05 | 21,483 |
| 2020-03-01 | $329,450 (3.0%) | $447,159 (3.2%) | 1.03 | 21,532 |
| 2020-04-01 | $325,000 (0.0%) | $438,763 (0.3%) | 1.02 | 23,442 |
| 2020-05-01 | $334,900 (1.5%) | $451,906 (2.3%) | 1.02 | 23,110 |
| 2020-06-01 | $345,450 (6.3%) | $467,669 (6.8%) | 1.02 | 20,975 |
| 2020-07-01 | $349,950 (7.7%) | $482,068 (11.4%) | 1.01 | 18,878 |
| 2020-08-01 | $350,000 (7.7%) | $486,746 (12.8%) | 1.00 | 17,542 |
| 2020-09-01 | $351,019 (8.1%) | $492,500 (14.3%) | 1.01 | 16,262 |
| 2020-10-01 | $353,968 (11.1%) | $498,954 (18.0%) | 1.01 | 15,854 |
| 2020-11-01 | $350,858 (9.0%) | $503,703 (16.6%) | 1.03 | 14,447 |
| 2020-12-01 | $349,950 (10.0%) | $500,998 (16.4%) | 1.04 | 12,883 |
| 2021-01-01 | $350,000 (10.5%) | $509,465 (18.6%) | 1.04 | 11,157 |
| 2021-02-01 | $359,900 (12.5%) | $526,918 (20.2%) | 1.05 | 9,430 |
| 2021-03-01 | $366,900 (11.4%) | $534,957 (19.6%) | 1.04 | 8,992 |
| 2021-04-01 | $382,500 (17.7%) | $549,817 (25.3%) | 1.04 | 8,979 |
| 2021-05-01 | $389,900 (16.4%) | $565,458 (25.1%) | 1.04 | 9,127 |
| 2021-06-01 | $394,900 (14.3%) | $557,693 (19.3%) | 1.04 | 9,960 |
| 2021-07-01 | $399,900 (14.3%) | $564,165 (17.0%) | 1.06 | 11,271 |
| 2021-08-01 | $395,350 (13.0%) | $552,265 (13.5%) | 1.05 | 11,644 |
| 2021-09-01 | $396,750 (13.0%) | $552,536 (12.2%) | 1.06 | 11,687 |
| 2021-10-01 | $393,900 (11.3%) | $549,472 (10.1%) | 1.05 | 11,322 |
| 2021-11-01 | $394,995 (12.6%) | $550,149 (9.2%) | 1.06 | 11,070 |
| 2021-12-01 | $390,000 (11.4%) | $549,678 (9.7%) | 1.06 | 10,498 |
| 2022-01-01 | $389,900 (11.4%) | $555,811 (9.1%) | 1.05 | 8,664 |
| 2022-02-01 | $391,495 (8.8%) | $576,574 (9.4%) | 1.02 | 7,773 |
| 2022-03-01 | $399,450 (8.9%) | $576,317 (7.7%) | 1.00 | 7,810 |
| 2022-04-01 | $415,000 (8.5%) | $595,112 (8.2%) | 0.99 | 8,140 |
| 2022-05-01 | $429,950 (10.3%) | $607,096 (7.4%) | 0.98 | 10,019 |
| 2022-06-01 | $449,000 (13.7%) | $617,596 (10.7%) | 1.00 | 12,122 |
| 2022-07-01 | $439,000 (9.8%) | $595,969 (5.6%) | 0.99 | 15,519 |
| 2022-08-01 | $425,000 (7.5%) | $580,982 (5.2%) | 0.98 | 16,821 |
| 2022-09-01 | $419,945 (5.9%) | $566,281 (2.5%) | 0.98 | 17,126 |
| 2022-10-01 | $413,500 (5.0%) | $553,501 (0.7%) | 0.97 | 18,156 |
| 2022-11-01 | $402,995 (2.0%) | $550,383 (0.0%) | 0.97 | 18,191 |
| 2022-12-01 | $399,900 (2.5%) | $544,372 (-1.0%) | 0.99 | 17,015 |
| 2023-01-01 | $399,900 (2.6%) | $550,276 (-1.0%) | 0.99 | 15,108 |
| 2023-02-01 | $399,945 (2.2%) | $560,562 (-2.8%) | 0.96 | 14,034 |
| 2023-03-01 | $409,519 (2.5%) | $574,537 (-0.3%) | 0.96 | 13,278 |
| 2023-04-01 | $425,000 (2.4%) | $605,128 (1.7%) | 0.99 | 12,507 |
Atlanta's median listing price comes in at 99% of the national average.
Atlanta's average listing price for 2023-04-01 was $605,128, a difference of $10,016 (1.7%) versus the prior year and $30,591 versus the prior month.
For the 2023-04-01 period, Atlanta had 12,507 MLS listings, a difference of -771 listings (-6%) versus the prior month and 4,367 listings (54%) 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 | 74 days | 2,578 sqft |
| 2018-02-01 | 65 days | 2,602 sqft |
| 2018-03-01 | 49 days | 2,641 sqft |
| 2018-04-01 | 47 days | 2,705 sqft |
| 2018-05-01 | 47 days | 2,695 sqft |
| 2018-06-01 | 49 days | 2,672 sqft |
| 2018-07-01 | 50 days | 2,625 sqft |
| 2018-08-01 | 52 days | 2,596 sqft |
| 2018-09-01 | 54 days | 2,584 sqft |
| 2018-10-01 | 58 days | 2,541 sqft |
| 2018-11-01 | 59 days | 2,539 sqft |
| 2018-12-01 | 67 days | 2,516 sqft |
| 2019-01-01 | 72 days | 2,481 sqft |
| 2019-02-01 | 63 days | 2,472 sqft |
| 2019-03-01 | 54 days | 2,512 sqft |
| 2019-04-01 | 51 days | 2,554 sqft |
| 2019-05-01 | 52 days | 2,589 sqft |
| 2019-06-01 | 54 days | 2,571 sqft |
| 2019-07-01 | 58 days | 2,533 sqft |
| 2019-08-01 | 64 days | 2,540 sqft |
| 2019-09-01 | 67 days | 2,537 sqft |
| 2019-10-01 | 61 days | 2,461 sqft |
| 2019-11-01 | 64 days | 2,440 sqft |
| 2019-12-01 | 73 days | 2,411 sqft |
| 2020-01-01 | 73 days | 2,405 sqft |
| 2020-02-01 | 64 days | 2,417 sqft |
| 2020-03-01 | 52 days | 2,426 sqft |
| 2020-04-01 | 53 days | 2,402 sqft |
| 2020-05-01 | 59 days | 2,407 sqft |
| 2020-06-01 | 58 days | 2,420 sqft |
| 2020-07-01 | 60 days | 2,424 sqft |
| 2020-08-01 | 59 days | 2,404 sqft |
| 2020-09-01 | 56 days | 2,347 sqft |
| 2020-10-01 | 54 days | 2,310 sqft |
| 2020-11-01 | 58 days | 2,265 sqft |
| 2020-12-01 | 64 days | 2,224 sqft |
| 2021-01-01 | 60 days | 2,206 sqft |
| 2021-02-01 | 46 days | 2,187 sqft |
| 2021-03-01 | 40 days | 2,199 sqft |
| 2021-04-01 | 37 days | 2,245 sqft |
| 2021-05-01 | 36 days | 2,236 sqft |
| 2021-06-01 | 35 days | 2,254 sqft |
| 2021-07-01 | 35 days | 2,240 sqft |
| 2021-08-01 | 39 days | 2,224 sqft |
| 2021-09-01 | 43 days | 2,202 sqft |
| 2021-10-01 | 46 days | 2,171 sqft |
| 2021-11-01 | 44 days | 2,174 sqft |
| 2021-12-01 | 49 days | 2,153 sqft |
| 2022-01-01 | 52 days | 2,130 sqft |
| 2022-02-01 | 37 days | 2,113 sqft |
| 2022-03-01 | 34 days | 2,113 sqft |
| 2022-04-01 | 32 days | 2,180 sqft |
| 2022-05-01 | 30 days | 2,237 sqft |
| 2022-06-01 | 27 days | 2,309 sqft |
| 2022-07-01 | 30 days | 2,300 sqft |
| 2022-08-01 | 37 days | 2,274 sqft |
| 2022-09-01 | 42 days | 2,265 sqft |
| 2022-10-01 | 45 days | 2,249 sqft |
| 2022-11-01 | 50 days | 2,231 sqft |
| 2022-12-01 | 60 days | 2,200 sqft |
| 2023-01-01 | 66 days | 2,187 sqft |
| 2023-02-01 | 52 days | 2,183 sqft |
| 2023-03-01 | 47 days | 2,213 sqft |
| 2023-04-01 | 45 days | 2,257 sqft |
Atlanta's median square footage for active listings during the 2023-04-01 period was 2,257 sqft. One year prior, the average listing was 2,180 sqft.