Auburn VA Loan Rates, Closing Costs & Stats

AUBURN-OPELIKA, AL

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    • 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.

    Auburn's 80 lenders originated 687 VA loans during 2024. The total origination value was $236,975,000, with an average VA loan value of $344,942.

    Auburn VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Auburn averaged 0.19% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Auburn's average VA mortgage closing costs are $6,129.

    The average rate for the prior week (2025-06-27) was 6.63% and one month ago for the week of 2025-05-30, the average rate was 6.95%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.03%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Auburn 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 Auburn level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 96 6.42% $5,505
    CANOPY MORTGAGE, LLC 56 6.02% $15,376
    UNITED WHOLESALE MORTGAGE, LLC 47 5.93% $7,559
    CMG MORTGAGE, INC. 44 6.23% $9,965
    FREEDOM MORTGAGE CORPORATION 34 6.20% $8,175
    QUICKEN LOANS, LLC 32 6.08% $11,205
    PENNYMAC LOAN SERVICES, LLC 27 5.78% $6,621
    MOVEMENT MORTGAGE, LLC 26 6.40% $8,895
    GUILD MORTGAGE COMPANY 24 6.05% $11,217
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 5.99% $9,632
    CROSSCOUNTRY MORTGAGE, LLC 15 6.40% $7,463
    Trustmark National Bank 15 6.00% $7,855
    NEW DAY FINANCIAL, LLC 15 7.63% $11,646
    NAVY FEDERAL CREDIT UNION 13 5.87% $5,496
    RUOFF MORTGAGE COMPANY, INC. 13 6.48% $7,174
    NEWREZ LLC 11 5.97% $9,199
    LOANDEPOT.COM, LLC 11 5.60% $8,580
    USAA Federal Savings Bank 11 6.28% $8,288
    VANDERBILT MORTGAGE AND FINANCE, INC. 10 6.07% $7,333
    BROKER SOLUTIONS, INC. 8 6.76% $11,188
    Northpointe Bank 7 6.11% $10,009
    Carrington Mortgage Services, LLC 7 6.18% $8,787
    Renasant Bank 7 6.36% $6,025
    GUARANTEED RATE, INC. 7 6.56% $9,295
    EMM LOANS LLC 7 6.64% $6,920
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.62% $2,753
    VILLAGE CAPITAL MORTGAGE 5 6.25% $7,471
    PLANET HOME LENDING, LLC 5 6.20% $3,130
    LAKEVIEW LOAN SERVICING, LLC 4 5.88% $7,122
    AmeriHome Mortgage Company, LLC 4 5.97% $3,756
    NBKC BANK 4 5.56% $8,172
    First Federal Bank 4 6.19% $6,644
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.42% $1,873
    AMERICAN FINANCIAL NETWORK, INC. 3 6.67% $12,725
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.25% $12,063
    Synovus Bank 3 6.13% $12,498
    Mr. Cooper ( Nationstar Mortgage ) 3 6.21% $12,324
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 3 6.54% $10,405
    South State Bank 3 6.04% $4,590
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.42% $4,793
    Regions Bank 2 6.00% $8,114
    SUN WEST MORTGAGE COMPANY, INC. 2 5.60% $923
    Barrington Bank & Trust Company, N.A. 2 6.75% $5,401
    INTERLINC MORTGAGE SERVICES, LLC 2 6.75% $8,656
    OPEN MORTGAGE, LLC 2 6.38% $5,339
    The Federal Savings Bank 2 6.13% $13,228
    FIRST COMMUNITY MORTGAGE, INC. 2 6.00% $8,093
    Wells Fargo Bank 1 5.88% $14,307
    American Mortgage & Equity Consultants, Inc. 1 5.25% $8,797
    AMERISAVE MORTGAGE CORPORATION 1 5.38% $16,395
    Ameris Bank 1 3.38% $2,864
    Bell Bank 1 6.00% $8,674
    Century Mortgage Company DBA Century Lending Company 1 5.75% $4,601
    CONTOUR MORTGAGE CORPORATION 1 5.50% $17,827
    Cornerstone First Mortgage, Inc 1 7.75% $1,855
    DAS Acquisition Company, LLC 1 5.99% $15,271
    Equity Prime Mortgage LLC 1 6.25% $19,456
    First Heritage Mortgage, LLC 1 5.75% $21,016
    First National Bank Texas 1 6.50% $0
    Flagstar Bank, FSB 1 7.13% $9,345
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $0
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.13% $2,029
    HOMESIDE FINANCIAL, LLC 1 6.13% $12,431
    HUNT MORTGAGE CORPORATION 1 6.75% $5,028
    Mid-Continent Funding, Inc. 1 4.75% $7,075
    MILEND, INC. 1 6.63% $14,708
    Paramount Residential Mortgage Group, Inc. 1 5.63% $7,072
    PHH Mortgage Corporation 1 6.13% $4,547
    Pinnacle Bank 1 6.75% $4,688
    Plains Commerce Bank 1 6.75% $4,229
    PLAZA HOME MORTGAGE, INC. 1 7.25% $5,653
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $11,276
    ServisFirst Bank 1 6.25% $10,332
    STOCKTON MORTGAGE CORPORATION 1 5.99% $6,864
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $14,940
    TJC Mortgage, Inc. 1 7.00% $5,311
    TOWNE MORTGAGE COMPANY 1 6.13% $3,818
    Tyndall Federal Credit Union 1 5.50% $7,333
    UNION HOME MORTGAGE CORP. 1 5.13% $5,575
    Watermark Capital, Inc. 1 5.75% $8,959

    The top Auburn VA lender as defined by loan originations is Mortgage Research Center, LLC, with 96 VA loans originated. Their average total fees are $5,505, which is $9,871 lower than the next largest lender, CANOPY MORTGAGE, LLC.

    The lowest fee Auburn VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($5,496), Mortgage Research Center, LLC ($5,505), PENNYMAC LOAN SERVICES, LLC ($6,621), RUOFF MORTGAGE COMPANY, INC. ($7,174) and VANDERBILT MORTGAGE AND FINANCE, INC. ($7,333).

    The lowest rate Auburn VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (5.60%), PENNYMAC LOAN SERVICES, LLC (5.78%), NAVY FEDERAL CREDIT UNION (5.87%), UNITED WHOLESALE MORTGAGE, LLC (5.93%) and NEWREZ LLC (5.97%).

    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.