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 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
0.36%
for the week of 2022-11-25, compared to the national average (all VA variants) of
0% for the same period.
Atlanta's average VA mortgage closing costs are $5,372.
The average rate for the prior week (2022-11-18) was
6.65% and
one month ago for the week of 2022-10-21, the
average rate was 7.2%.
The average rate one year ago was 3.38%.
For refis of the same type during the week of 2022-11-25, the average rate
was 0.32%.
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 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 MORTGAGE (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 | $302,500 (12.3%) | $421,170 (8.5%) | 1.12 | 21,597 |
| 2018-02-01 | $311,900 (13.2%) | $430,938 (7.8%) | 1.13 | 21,000 |
| 2018-03-01 | $324,745 (14.5%) | $443,014 (7.2%) | 1.14 | 21,478 |
| 2018-04-01 | $336,891 (12.9%) | $460,516 (8.8%) | 1.14 | 22,029 |
| 2018-05-01 | $339,450 (13.2%) | $460,855 (8.3%) | 1.13 | 22,852 |
| 2018-06-01 | $339,900 (13.3%) | $458,921 (8.6%) | 1.13 | 23,825 |
| 2018-07-01 | $329,763 (10.5%) | $443,391 (7.3%) | 1.10 | 25,497 |
| 2018-08-01 | $325,000 (10.2%) | $442,632 (7.7%) | 1.09 | 25,887 |
| 2018-09-01 | $324,345 (9.6%) | $432,388 (5.8%) | 1.09 | 26,313 |
| 2018-10-01 | $315,750 (6.3%) | $430,072 (4.4%) | 1.07 | 28,366 |
| 2018-11-01 | $315,350 (5.6%) | $434,382 (5.1%) | 1.07 | 28,035 |
| 2018-12-01 | $313,491 (4.5%) | $432,009 (4.1%) | 1.08 | 27,137 |
| 2019-01-01 | $309,900 (2.5%) | $428,601 (1.8%) | 1.07 | 25,489 |
| 2019-02-01 | $319,450 (2.4%) | $440,012 (2.1%) | 1.08 | 25,223 |
| 2019-03-01 | $322,143 (-0.8%) | $440,937 (-0.5%) | 1.05 | 26,424 |
| 2019-04-01 | $325,000 (-3.5%) | $438,116 (-4.9%) | 1.03 | 28,337 |
| 2019-05-01 | $329,900 (-2.8%) | $441,563 (-4.2%) | 1.03 | 29,154 |
| 2019-06-01 | $325,000 (-4.4%) | $437,744 (-4.6%) | 1.02 | 29,673 |
| 2019-07-01 | $324,945 (-1.5%) | $432,652 (-2.4%) | 1.02 | 30,477 |
| 2019-08-01 | $320,182 (-1.5%) | $423,075 (-4.4%) | 1.01 | 30,571 |
| 2019-09-01 | $314,455 (-3.1%) | $416,908 (-3.6%) | 1.01 | 30,308 |
| 2019-10-01 | $317,636 (0.6%) | $422,425 (-1.8%) | 1.02 | 28,728 |
| 2019-11-01 | $322,000 (2.1%) | $431,664 (-0.6%) | 1.06 | 26,205 |
| 2019-12-01 | $317,706 (1.3%) | $429,944 (-0.5%) | 1.06 | 24,429 |
| 2020-01-01 | $316,668 (2.2%) | $429,381 (0.2%) | 1.06 | 22,496 |
| 2020-02-01 | $320,000 (0.2%) | $437,929 (-0.5%) | 1.05 | 21,572 |
| 2020-03-01 | $329,423 (2.3%) | $446,748 (1.3%) | 1.03 | 21,626 |
| 2020-04-01 | $325,000 (0.0%) | $438,435 (0.1%) | 1.02 | 23,535 |
| 2020-05-01 | $334,900 (1.5%) | $451,524 (2.3%) | 1.02 | 23,202 |
| 2020-06-01 | $345,375 (6.3%) | $467,182 (6.7%) | 1.02 | 21,068 |
| 2020-07-01 | $349,950 (7.7%) | $481,508 (11.3%) | 1.01 | 18,968 |
| 2020-08-01 | $350,000 (9.3%) | $486,132 (14.9%) | 1.00 | 17,633 |
| 2020-09-01 | $350,415 (11.4%) | $491,842 (18.0%) | 1.00 | 16,347 |
| 2020-10-01 | $353,900 (11.4%) | $498,227 (17.9%) | 1.01 | 15,943 |
| 2020-11-01 | $350,363 (8.8%) | $502,850 (16.5%) | 1.02 | 14,534 |
| 2020-12-01 | $349,950 (10.2%) | $500,012 (16.3%) | 1.04 | 12,977 |
| 2021-01-01 | $350,000 (10.5%) | $508,290 (18.4%) | 1.04 | 11,249 |
| 2021-02-01 | $359,900 (12.5%) | $525,416 (20.0%) | 1.05 | 9,524 |
| 2021-03-01 | $365,683 (11.0%) | $533,345 (19.4%) | 1.04 | 9,083 |
| 2021-04-01 | $382,450 (17.7%) | $548,092 (25.0%) | 1.04 | 9,067 |
| 2021-05-01 | $389,000 (16.2%) | $563,598 (24.8%) | 1.03 | 9,213 |
| 2021-06-01 | $392,206 (13.6%) | $556,102 (19.0%) | 1.03 | 10,046 |
| 2021-07-01 | $399,000 (14.0%) | $562,644 (16.9%) | 1.05 | 11,354 |
| 2021-08-01 | $395,000 (12.9%) | $551,370 (13.4%) | 1.05 | 11,726 |
| 2021-09-01 | $395,584 (12.9%) | $551,809 (12.2%) | 1.05 | 11,756 |
| 2021-10-01 | $393,000 (11.1%) | $548,641 (10.1%) | 1.05 | 11,402 |
| 2021-11-01 | $394,750 (12.7%) | $548,896 (9.2%) | 1.05 | 11,149 |
| 2021-12-01 | $389,950 (11.4%) | $548,327 (9.7%) | 1.06 | 10,577 |
| 2022-01-01 | $389,000 (11.1%) | $556,007 (9.4%) | 1.05 | 8,744 |
| 2022-02-01 | $390,188 (8.4%) | $574,493 (9.3%) | 1.01 | 7,861 |
| 2022-03-01 | $398,750 (9.0%) | $574,290 (7.7%) | 1.00 | 7,894 |
| 2022-04-01 | $414,900 (8.5%) | $592,950 (8.2%) | 0.99 | 8,228 |
| 2022-05-01 | $429,589 (10.4%) | $605,385 (7.4%) | 0.98 | 10,103 |
| 2022-06-01 | $448,225 (14.3%) | $615,928 (10.8%) | 1.00 | 12,207 |
| 2022-07-01 | $436,714 (9.5%) | $594,634 (5.7%) | 0.99 | 15,604 |
| 2022-08-01 | $425,000 (7.6%) | $579,830 (5.2%) | 0.98 | 16,905 |
| 2022-09-01 | $419,900 (6.2%) | $565,208 (2.4%) | 0.98 | 17,216 |
| 2022-10-01 | $412,000 (4.8%) | $552,577 (0.7%) | 0.97 | 18,246 |
Atlanta's median listing price comes in at 97% of the national average.
Atlanta's average listing price for 2022-10-01 was $552,577, a difference of $3,936 (0.7%) versus the prior year and $-12,631 versus the prior month.
For the 2022-10-01 period, Atlanta had 18,246 MLS listings, a difference of 1,030 listings (6%) versus the prior month and 6,844 listings (60%) 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 | 2,576 sqft |
| 2018-02-01 | 65 days | 2,601 sqft |
| 2018-03-01 | 49 days | 2,641 sqft |
| 2018-04-01 | 47 days | 2,706 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 | 2,597 sqft |
| 2018-09-01 | 54 days | 2,580 sqft |
| 2018-10-01 | 58 days | 2,537 sqft |
| 2018-11-01 | 59 days | 2,536 sqft |
| 2018-12-01 | 67 days | 2,510 sqft |
| 2019-01-01 | 72 days | 2,477 sqft |
| 2019-02-01 | 63 days | 2,469 sqft |
| 2019-03-01 | 52 days | 2,510 sqft |
| 2019-04-01 | 50 days | 2,549 sqft |
| 2019-05-01 | 52 days | 2,584 sqft |
| 2019-06-01 | 54 days | 2,566 sqft |
| 2019-07-01 | 58 days | 2,531 sqft |
| 2019-08-01 | 58 days | 2,507 sqft |
| 2019-09-01 | 60 days | 2,482 sqft |
| 2019-10-01 | 61 days | 2,458 sqft |
| 2019-11-01 | 64 days | 2,438 sqft |
| 2019-12-01 | 74 days | 2,410 sqft |
| 2020-01-01 | 74 days | 2,404 sqft |
| 2020-02-01 | 64 days | 2,414 sqft |
| 2020-03-01 | 53 days | 2,422 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 | 2,423 sqft |
| 2020-08-01 | 59 days | 2,404 sqft |
| 2020-09-01 | 57 days | 2,345 sqft |
| 2020-10-01 | 55 days | 2,309 sqft |
| 2020-11-01 | 59 days | 2,263 sqft |
| 2020-12-01 | 64 days | 2,224 sqft |
| 2021-01-01 | 61 days | 2,206 sqft |
| 2021-02-01 | 47 days | 2,185 sqft |
| 2021-03-01 | 41 days | 2,198 sqft |
| 2021-04-01 | 37 days | 2,245 sqft |
| 2021-05-01 | 36 days | 2,239 sqft |
| 2021-06-01 | 36 days | 2,252 sqft |
| 2021-07-01 | 36 days | 2,240 sqft |
| 2021-08-01 | 39 days | 2,224 sqft |
| 2021-09-01 | 44 days | 2,203 sqft |
| 2021-10-01 | 46 days | 2,174 sqft |
| 2021-11-01 | 44 days | 2,177 sqft |
| 2021-12-01 | 49 days | 2,158 sqft |
| 2022-01-01 | 53 days | 2,136 sqft |
| 2022-02-01 | 37 days | 2,117 sqft |
| 2022-03-01 | 34 days | 2,115 sqft |
| 2022-04-01 | 32 days | 2,184 sqft |
| 2022-05-01 | 31 days | 2,238 sqft |
| 2022-06-01 | 27 days | 2,308 sqft |
| 2022-07-01 | 30 days | 2,300 sqft |
| 2022-08-01 | 37 days | 2,275 sqft |
| 2022-09-01 | 43 days | 2,266 sqft |
| 2022-10-01 | 45 days | 2,250 sqft |
Atlanta's median square footage for active listings during the 2022-10-01 period was 2,250 sqft. One year prior, the average listing was 2,174 sqft.
