Auburn VA Loan Rates, Closing Costs & Stats
AUBURN-OPELIKA, AL
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 88 lenders originated 763 VA loans during 2022. The total origination value was $225,645,000, with an average VA loan value of $295,734.
Auburn VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Auburn
averaged
6.6%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Auburn's average VA mortgage closing costs are $5,465.
The average rate for the prior week (2023-09-15) was
6.58% and
one month ago for the week of 2023-08-18, the
average rate was 6.66%.
The average rate one year ago was 5.32%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.54%.
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.
The top Auburn VA lender as defined by loan originations is Mortgage Research Center, LLC, with
98 VA loans originated. Their average total fees are
$5,846, which is $5,496
lower than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Auburn VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($5,846), HOMESTAR FINANCIAL CORPORATION ($6,379), NAVY FEDERAL CREDIT UNION ($6,399), PENNYMAC LOAN SERVICES, LLC ($6,493) and VANDERBILT MORTGAGE AND FINANCE, INC. ($6,618).
The lowest rate Auburn VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (3.39%), FREEDOM MORTGAGE CORPORATION (4.01%), INTERLINC MORTGAGE SERVICES, LLC (4.02%), QUICKEN LOANS, LLC (4.32%) and MOVEMENT MORTGAGE, LLC (4.33%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $277,416 (22.5%) | $309,791 (14.2%) | 1.03 | 664 |
2018-02-01 | $279,450 (17.4%) | $308,848 (9.3%) | 1.02 | 703 |
2018-03-01 | $274,772 (10.0%) | $302,973 (4.7%) | 0.96 | 741 |
2018-04-01 | $283,313 (9.4%) | $313,300 (6.4%) | 0.96 | 732 |
2018-05-01 | $289,875 (9.6%) | $327,550 (9.7%) | 0.97 | 729 |
2018-06-01 | $289,000 (9.7%) | $329,178 (10.2%) | 0.96 | 769 |
2018-07-01 | $286,976 (6.3%) | $329,008 (6.7%) | 0.96 | 796 |
2018-08-01 | $279,900 (3.7%) | $323,735 (3.8%) | 0.94 | 825 |
2018-09-01 | $281,450 (4.6%) | $324,626 (4.4%) | 0.95 | 807 |
2018-10-01 | $284,950 (5.6%) | $325,212 (5.3%) | 0.97 | 785 |
2018-11-01 | $286,996 (5.1%) | $320,666 (2.6%) | 0.97 | 766 |
2018-12-01 | $287,854 (4.7%) | $314,879 (0.1%) | 0.99 | 765 |
2019-01-01 | $285,000 (2.7%) | $314,436 (1.5%) | 0.98 | 746 |
2019-02-01 | $285,919 (2.3%) | $318,426 (3.1%) | 0.97 | 773 |
2019-03-01 | $292,386 (6.4%) | $323,194 (6.7%) | 0.96 | 808 |
2019-04-01 | $298,524 (5.4%) | $328,168 (4.8%) | 0.95 | 838 |
2019-05-01 | $295,525 (2.0%) | $327,103 (-0.1%) | 0.92 | 853 |
2019-06-01 | $294,388 (1.9%) | $323,059 (-1.9%) | 0.92 | 865 |
2019-07-01 | $292,541 (1.9%) | $326,116 (-0.9%) | 0.92 | 846 |
2019-08-01 | $291,900 (4.3%) | $326,457 (0.8%) | 0.92 | 832 |
2019-09-01 | $287,709 (2.2%) | $324,615 (0.0%) | 0.92 | 811 |
2019-10-01 | $284,900 (0.0%) | $323,801 (-0.4%) | 0.92 | 792 |
2019-11-01 | $284,000 (-1.0%) | $321,271 (0.2%) | 0.93 | 776 |
2019-12-01 | $285,429 (-0.8%) | $323,793 (2.8%) | 0.95 | 743 |
2020-01-01 | $284,900 (0.0%) | $321,801 (2.3%) | 0.95 | 715 |
2020-02-01 | $280,537 (-1.9%) | $320,221 (0.6%) | 0.92 | 743 |
2020-03-01 | $284,950 (-2.5%) | $320,064 (-1.0%) | 0.89 | 765 |
2020-04-01 | $289,892 (-2.9%) | $321,548 (-2.0%) | 0.91 | 799 |
2020-05-01 | $293,426 (-0.7%) | $324,319 (-0.9%) | 0.89 | 763 |
2020-06-01 | $299,000 (1.6%) | $341,443 (5.7%) | 0.88 | 730 |
2020-07-01 | $297,408 (1.7%) | $341,104 (4.6%) | 0.86 | 699 |
2020-08-01 | $299,000 (2.4%) | $338,170 (3.6%) | 0.86 | 670 |
2020-09-01 | $299,225 (4.0%) | $342,192 (5.4%) | 0.86 | 663 |
2020-10-01 | $309,000 (8.5%) | $351,215 (8.5%) | 0.89 | 631 |
2020-11-01 | $312,175 (9.9%) | $359,703 (12.0%) | 0.91 | 596 |
2020-12-01 | $309,900 (8.6%) | $366,630 (13.2%) | 0.92 | 544 |
2021-01-01 | $312,822 (9.8%) | $374,543 (16.4%) | 0.93 | 495 |
2021-02-01 | $318,575 (13.6%) | $380,492 (18.8%) | 0.93 | 488 |
2021-03-01 | $319,900 (12.3%) | $376,648 (17.7%) | 0.91 | 488 |
2021-04-01 | $327,400 (12.9%) | $386,852 (20.3%) | 0.89 | 473 |
2021-05-01 | $339,900 (15.8%) | $410,466 (26.6%) | 0.90 | 397 |
2021-06-01 | $359,835 (20.4%) | $416,575 (22.0%) | 0.95 | 398 |
2021-07-01 | $344,950 (16.0%) | $406,825 (19.3%) | 0.91 | 422 |
2021-08-01 | $344,500 (15.2%) | $402,755 (19.1%) | 0.92 | 494 |
2021-09-01 | $346,504 (15.8%) | $400,165 (16.9%) | 0.92 | 455 |
2021-10-01 | $342,900 (11.0%) | $409,632 (16.6%) | 0.91 | 429 |
2021-11-01 | $349,945 (12.1%) | $408,162 (13.5%) | 0.94 | 383 |
2021-12-01 | $356,759 (15.1%) | $414,492 (13.1%) | 0.97 | 344 |
2022-01-01 | $359,000 (14.8%) | $416,630 (11.2%) | 0.97 | 324 |
2022-02-01 | $354,339 (11.2%) | $414,758 (9.0%) | 0.92 | 318 |
2022-03-01 | $368,711 (15.3%) | $417,309 (10.8%) | 0.92 | 330 |
2022-04-01 | $376,958 (15.1%) | $421,850 (9.1%) | 0.90 | 348 |
2022-05-01 | $373,225 (9.8%) | $429,300 (4.6%) | 0.85 | 375 |
2022-06-01 | $386,903 (7.5%) | $444,659 (6.7%) | 0.86 | 450 |
2022-07-01 | $382,500 (10.9%) | $447,220 (9.9%) | 0.86 | 502 |
2022-08-01 | $383,559 (11.3%) | $440,955 (9.5%) | 0.89 | 499 |
2022-09-01 | $380,639 (9.9%) | $439,223 (9.8%) | 0.89 | 494 |
2022-10-01 | $375,900 (9.6%) | $430,300 (5.1%) | 0.88 | 542 |
2022-11-01 | $374,500 (7.0%) | $430,154 (5.4%) | 0.90 | 549 |
2022-12-01 | $379,900 (6.5%) | $442,775 (6.8%) | 0.94 | 498 |
2023-01-01 | $379,950 (5.8%) | $440,756 (5.8%) | 0.94 | 495 |
2023-02-01 | $380,200 (7.3%) | $437,674 (5.5%) | 0.92 | 478 |
2023-03-01 | $382,448 (3.7%) | $443,576 (6.3%) | 0.90 | 475 |
2023-04-01 | $389,900 (3.4%) | $456,372 (8.2%) | 0.91 | 490 |
2023-05-01 | $398,641 (6.8%) | $464,880 (8.3%) | 0.90 | 532 |
2023-06-01 | $396,500 (2.5%) | $469,612 (5.6%) | 0.89 | 582 |
2023-07-01 | $399,900 (4.6%) | $472,963 (5.8%) | 0.91 | 600 |
2023-08-01 | $402,450 (4.9%) | $470,482 (6.7%) | 0.92 | 612 |
Auburn's median listing price comes in at 92% of the national average.
Auburn's average listing price for 2023-08-01 was $470,482, a difference of $29,527 (6.7%) versus the prior year and $-2,481 versus the prior month.
For the 2023-08-01 period, Auburn had 612 MLS listings, a difference of 12 listings (2%) versus the prior month and 113 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 80 days | 2,409 sqft |
2018-02-01 | 65 days | 2,428 sqft |
2018-03-01 | 58 days | 2,406 sqft |
2018-04-01 | 54 days | 2,421 sqft |
2018-05-01 | 56 days | 2,446 sqft |
2018-06-01 | 61 days | 2,442 sqft |
2018-07-01 | 66 days | 2,472 sqft |
2018-08-01 | 64 days | 2,446 sqft |
2018-09-01 | 71 days | 2,454 sqft |
2018-10-01 | 85 days | 2,474 sqft |
2018-11-01 | 94 days | 2,433 sqft |
2018-12-01 | 94 days | 2,400 sqft |
2019-01-01 | 89 days | 2,365 sqft |
2019-02-01 | 77 days | 2,365 sqft |
2019-03-01 | 64 days | 2,389 sqft |
2019-04-01 | 57 days | 2,397 sqft |
2019-05-01 | 59 days | 2,406 sqft |
2019-06-01 | 62 days | 2,368 sqft |
2019-07-01 | 67 days | 2,400 sqft |
2019-08-01 | 71 days | 2,407 sqft |
2019-09-01 | 77 days | 2,405 sqft |
2019-10-01 | 83 days | 2,405 sqft |
2019-11-01 | 82 days | 2,406 sqft |
2019-12-01 | 88 days | 2,406 sqft |
2020-01-01 | 91 days | 2,394 sqft |
2020-02-01 | 76 days | 2,327 sqft |
2020-03-01 | 55 days | 2,312 sqft |
2020-04-01 | 64 days | 2,312 sqft |
2020-05-01 | 73 days | 2,319 sqft |
2020-06-01 | 69 days | 2,350 sqft |
2020-07-01 | 59 days | 2,303 sqft |
2020-08-01 | 59 days | 2,290 sqft |
2020-09-01 | 61 days | 2,278 sqft |
2020-10-01 | 66 days | 2,332 sqft |
2020-11-01 | 74 days | 2,317 sqft |
2020-12-01 | 84 days | 2,300 sqft |
2021-01-01 | 77 days | 2,260 sqft |
2021-02-01 | 51 days | 2,233 sqft |
2021-03-01 | 40 days | 2,224 sqft |
2021-04-01 | 50 days | 2,245 sqft |
2021-05-01 | 37 days | 2,261 sqft |
2021-06-01 | 37 days | 2,277 sqft |
2021-07-01 | 37 days | 2,232 sqft |
2021-08-01 | 34 days | 2,185 sqft |
2021-09-01 | 41 days | 2,159 sqft |
2021-10-01 | 52 days | 2,188 sqft |
2021-11-01 | 52 days | 2,181 sqft |
2021-12-01 | 55 days | 2,228 sqft |
2022-01-01 | 56 days | 2,249 sqft |
2022-02-01 | 38 days | 2,234 sqft |
2022-03-01 | 33 days | 2,275 sqft |
2022-04-01 | 31 days | 2,273 sqft |
2022-05-01 | 33 days | 2,279 sqft |
2022-06-01 | 31 days | 2,288 sqft |
2022-07-01 | 39 days | 2,290 sqft |
2022-08-01 | 57 days | 2,293 sqft |
2022-09-01 | 59 days | 2,300 sqft |
2022-10-01 | 59 days | 2,315 sqft |
2022-11-01 | 59 days | 2,324 sqft |
2022-12-01 | 75 days | 2,354 sqft |
2023-01-01 | 84 days | 2,344 sqft |
2023-02-01 | 65 days | 2,270 sqft |
2023-03-01 | 57 days | 2,238 sqft |
2023-04-01 | 53 days | 2,258 sqft |
2023-05-01 | 46 days | 2,331 sqft |
2023-06-01 | 47 days | 2,321 sqft |
2023-07-01 | 51 days | 2,311 sqft |
2023-08-01 | 55 days | 2,330 sqft |
Auburn's median square footage for active listings during the 2023-08-01 period was 2,330 sqft. One year prior, the average listing was 2,293 sqft.