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 67 lenders originated 509 VA loans during 2023. The total origination value was $160,045,000, with an average VA loan value of $314,430.

    Auburn VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Auburn averaged 6.76% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Auburn's average VA mortgage closing costs are $5,767.

    The average rate for the prior week (2025-02-07) was 6.39% and one month ago for the week of 2025-01-10, the average rate was 6.63%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.91%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 62 6.71% $6,225
    CMG MORTGAGE, INC. 34 6.70% $9,902
    UNITED WHOLESALE MORTGAGE, LLC 27 6.44% $7,340
    Trustmark National Bank 26 5.98% $8,542
    NAVY FEDERAL CREDIT UNION 22 6.08% $6,096
    Renasant Bank 18 6.18% $9,339
    CANOPY MORTGAGE, LLC 18 6.74% $12,929
    QUICKEN LOANS, LLC 18 5.96% $9,876
    CROSSCOUNTRY MORTGAGE, LLC 17 6.51% $7,465
    MOVEMENT MORTGAGE, LLC 17 6.46% $7,347
    GUILD MORTGAGE COMPANY 16 6.38% $7,515
    NEW DAY FINANCIAL, LLC 15 7.51% $11,557
    Northpointe Bank 13 6.28% $8,780
    FREEDOM MORTGAGE CORPORATION 11 6.82% $14,920
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 5.98% $10,307
    GUARANTEED RATE, INC. 9 6.16% $5,286
    PENNYMAC LOAN SERVICES, LLC 9 5.67% $6,028
    HOMESTAR FINANCIAL CORPORATION 9 6.00% $7,360
    LOANDEPOT.COM, LLC 8 6.20% $10,827
    NEWREZ LLC 7 6.45% $5,080
    The Federal Savings Bank 7 6.36% $13,740
    EVERETT FINANCIAL, INC. 7 6.80% $6,738
    BROKER SOLUTIONS, INC. 7 6.42% $8,014
    Keystone Funding, Inc. 6 6.04% $9,854
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.75% $5,671
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.46% $4,390
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.75% $2,834
    PENTAGON FEDERAL CREDIT UNION 5 5.63% $6,469
    Ameris Bank 5 6.08% $7,571
    USAA Federal Savings Bank 5 6.08% $7,018
    TJC Mortgage, Inc. 4 6.78% $8,235
    Synovus Bank 4 6.78% $4,591
    VILLAGE CAPITAL MORTGAGE 3 6.08% $14,856
    Plains Commerce Bank 3 6.46% $11,426
    RUOFF MORTGAGE COMPANY, INC. 3 7.25% $7,622
    South State Bank 3 5.79% $7,879
    Flagstar Bank, FSB 3 6.00% $5,457
    GMFS LLC 3 6.87% $3,799
    EMM LOANS LLC 3 6.29% $15,317
    AMERISAVE MORTGAGE CORPORATION 3 5.92% $12,234
    Mr. Cooper ( Nationstar Mortgage ) 2 5.69% $9,396
    Magnolia Bank 2 6.00% $11,461
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 5.81% $6,076
    PLANET HOME LENDING, LLC 2 5.50% $11,227
    The Central Trust Bank 1 5.63% $2,733
    BancorpSouth 1 7.50% $2,602
    Bank of England 1 6.25% $8,473
    Barrington Bank & Trust Company, N.A. 1 7.25% $6,791
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.25% $12,146
    Bell Bank 1 6.63% $6,472
    Capital City Home Loans, LLC 1 6.50% $3,613
    CARDINAL FINANCIAL 1 6.25% $11,894
    ENVOY MORTGAGE, LTD 1 5.75% $9,936
    First Federal Bank 1 6.63% $0
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $37,761
    Mid-Continent Funding, Inc. 1 6.63% $13,962
    NBKC BANK 1 5.50% $2,602
    NORWICH COMMERCIAL GROUP, INC. 1 6.13% $2,337
    OPEN MORTGAGE, LLC 1 5.75% $3,890
    PHH Mortgage Corporation 1 6.63% $2,935
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $7,955
    Regions Bank 1 7.13% $14,228
    RELIANCE FIRST CAPITAL, LLC 1 6.88% $15,514
    STOCKTON MORTGAGE CORPORATION 1 6.63% $8,102
    SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $6,878
    American Mortgage & Equity Consultants, Inc. 1 7.75% $16,009
    Truist 1 6.50% $2,942

    The top Auburn VA lender as defined by loan originations is Mortgage Research Center, LLC, with 62 VA loans originated. Their average total fees are $6,225, which is $3,677 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Auburn VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,096), Mortgage Research Center, LLC ($6,225), UNITED WHOLESALE MORTGAGE, LLC ($7,340), MOVEMENT MORTGAGE, LLC ($7,347) and CROSSCOUNTRY MORTGAGE, LLC ($7,465).

    The lowest rate Auburn VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.96%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.98%), Trustmark National Bank (5.98%), NAVY FEDERAL CREDIT UNION (6.08%) and Renasant Bank (6.18%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Auburn (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 $273,700 (21.7%) $303,063 (13.9%) 1.03 693
    2018-02-01 $274,950 (18.3%) $301,848 (9.3%) 1.01 737
    2018-03-01 $271,500 (11.0%) $296,347 (4.7%) 0.96 774
    2018-04-01 $277,000 (9.7%) $305,822 (6.1%) 0.96 770
    2018-05-01 $285,120 (9.7%) $319,517 (9.4%) 0.97 764
    2018-06-01 $285,000 (9.9%) $321,018 (10.1%) 0.96 802
    2018-07-01 $282,400 (5.1%) $321,659 (7.1%) 0.96 828
    2018-08-01 $277,944 (3.5%) $316,059 (4.1%) 0.94 858
    2018-09-01 $279,000 (5.3%) $317,465 (5.5%) 0.94 842
    2018-10-01 $279,900 (5.6%) $316,913 (6.1%) 0.96 825
    2018-11-01 $282,290 (5.3%) $312,100 (3.0%) 0.97 805
    2018-12-01 $282,500 (4.7%) $305,667 (0.0%) 0.99 807
    2019-01-01 $279,975 (2.3%) $304,786 (0.6%) 0.98 787
    2019-02-01 $280,200 (1.9%) $308,976 (2.4%) 0.96 809
    2019-03-01 $287,857 (6.0%) $314,735 (6.2%) 0.95 842
    2019-04-01 $295,000 (6.5%) $320,908 (4.9%) 0.95 866
    2019-05-01 $292,692 (2.7%) $319,587 (0.0%) 0.92 887
    2019-06-01 $289,900 (1.7%) $315,877 (-1.6%) 0.91 899
    2019-07-01 $288,137 (2.0%) $318,904 (-0.9%) 0.91 879
    2019-08-01 $286,849 (3.2%) $318,831 (0.9%) 0.92 862
    2019-09-01 $282,940 (1.4%) $317,215 (-0.1%) 0.92 841
    2019-10-01 $279,918 (0.0%) $316,808 (0.0%) 0.92 823
    2019-11-01 $279,900 (-0.9%) $315,559 (1.1%) 0.93 808
    2019-12-01 $281,546 (-0.3%) $317,533 (3.9%) 0.95 774
    2020-01-01 $279,900 (0.0%) $315,116 (3.4%) 0.95 746
    2020-02-01 $279,900 (-0.1%) $314,023 (1.6%) 0.92 770
    2020-03-01 $279,956 (-2.7%) $313,209 (-0.5%) 0.89 796
    2020-04-01 $287,225 (-2.6%) $313,905 (-2.2%) 0.91 831
    2020-05-01 $289,000 (-1.3%) $317,032 (-0.8%) 0.89 792
    2020-06-01 $294,500 (1.6%) $334,499 (5.9%) 0.88 756
    2020-07-01 $294,569 (2.2%) $335,593 (5.2%) 0.86 718
    2020-08-01 $295,000 (2.8%) $332,661 (4.3%) 0.86 688
    2020-09-01 $295,550 (4.5%) $336,536 (6.1%) 0.86 682
    2020-10-01 $304,132 (8.7%) $346,358 (9.3%) 0.88 649
    2020-11-01 $308,125 (10.1%) $354,571 (12.4%) 0.91 611
    2020-12-01 $306,880 (9.0%) $360,213 (13.4%) 0.92 561
    2021-01-01 $309,000 (10.4%) $366,282 (16.2%) 0.93 514
    2021-02-01 $314,989 (12.5%) $371,380 (18.3%) 0.93 511
    2021-03-01 $318,950 (13.9%) $367,912 (17.5%) 0.91 509
    2021-04-01 $323,100 (12.5%) $377,320 (20.2%) 0.89 497
    2021-05-01 $329,900 (14.2%) $395,521 (24.8%) 0.89 425
    2021-06-01 $347,729 (18.1%) $400,137 (19.6%) 0.94 424
    2021-07-01 $334,500 (13.6%) $393,635 (17.3%) 0.91 447
    2021-08-01 $337,425 (14.4%) $390,811 (17.5%) 0.92 518
    2021-09-01 $333,580 (12.9%) $387,302 (15.1%) 0.92 486
    2021-10-01 $333,478 (9.7%) $397,481 (14.8%) 0.91 455
    2021-11-01 $340,073 (10.4%) $394,766 (11.3%) 0.94 404
    2021-12-01 $343,909 (12.1%) $402,886 (11.9%) 0.97 362
    2022-01-01 $350,151 (13.3%) $407,945 (11.4%) 0.97 339
    2022-02-01 $349,900 (11.1%) $405,410 (9.2%) 0.92 331
    2022-03-01 $362,963 (13.8%) $407,951 (10.9%) 0.92 345
    2022-04-01 $370,481 (14.7%) $414,681 (9.9%) 0.89 368
    2022-05-01 $368,615 (11.7%) $421,290 (6.5%) 0.85 396
    2022-06-01 $379,900 (9.3%) $435,700 (8.9%) 0.86 473
    2022-07-01 $377,870 (13.0%) $437,974 (11.3%) 0.86 523
    2022-08-01 $375,925 (11.4%) $429,363 (9.9%) 0.89 527
    2022-09-01 $374,539 (12.3%) $428,824 (10.7%) 0.89 520
    2022-10-01 $370,000 (11.0%) $422,147 (6.2%) 0.88 564
    2022-11-01 $368,575 (8.4%) $421,602 (6.8%) 0.90 574
    2022-12-01 $374,900 (9.0%) $432,942 (7.5%) 0.94 524
    2023-01-01 $376,784 (7.6%) $431,637 (5.8%) 0.94 520
    2023-02-01 $373,900 (6.9%) $425,340 (4.9%) 0.92 505
    2023-03-01 $374,950 (3.3%) $429,221 (5.2%) 0.90 503
    2023-04-01 $385,000 (3.9%) $446,698 (7.7%) 0.91 515
    2023-05-01 $389,450 (5.7%) $455,345 (8.1%) 0.90 559
    2023-06-01 $386,725 (1.8%) $458,008 (5.1%) 0.88 610
    2023-07-01 $397,200 (5.1%) $464,153 (6.0%) 0.91 621
    2023-08-01 $398,450 (6.0%) $461,523 (7.5%) 0.92 632
    2023-09-01 $399,000 (6.5%) $465,395 (8.5%) 0.94 618
    2023-10-01 $398,918 (7.8%) $489,948 (16.1%) 0.96 632
    2023-11-01 $389,475 (5.7%) $483,942 (14.8%) 0.94 648
    2023-12-01 $381,614 (1.8%) $473,110 (9.3%) 0.95 629
    2024-01-01 $388,050 (3.0%) $471,197 (9.2%) 0.96 640
    2024-02-01 $389,698 (4.2%) $471,701 (10.9%) 0.95 640
    2024-03-01 $385,987 (2.9%) $488,424 (13.8%) 0.92 657
    2024-04-01 $394,237 (2.4%) $497,095 (11.3%) 0.93 646
    2024-05-01 $399,675 (2.6%) $505,316 (11.0%) 0.92 649
    2024-06-01 $399,900 (3.4%) $500,980 (9.4%) 0.91 678
    2024-07-01 $399,000 (0.5%) $503,877 (8.6%) 0.91 716
    2024-08-01 $399,500 (0.3%) $498,061 (7.9%) 0.93 752
    2024-09-01 $399,578 (0.1%) $491,600 (5.6%) 0.95 773
    2024-10-01 $410,000 (2.8%) $495,725 (1.2%) 0.98 798
    2024-11-01 $408,510 (4.9%) $492,881 (1.9%) 1.00 835
    2024-12-01 $394,958 (3.5%) $495,585 (4.8%) 1.01 705
    2025-01-01 $389,934 (0.5%) $487,497 (3.5%) 0.00 712
    Auburn's median listing price for 2025-01-01 was $389,934, a difference of $1,884 (0.5%) versus the prior year and $-5,024 versus the prior month.

    Auburn's median listing price comes in at 0% of the national average.

    Auburn's average listing price for 2025-01-01 was $487,497, a difference of $16,300 (3.5%) versus the prior year and $-8,088 versus the prior month.

    For the 2025-01-01 period, Auburn had 712 MLS listings, a difference of 7 listings (1%) versus the prior month and 72 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Auburn (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 2,400 sqft
    2018-02-01 64 days 2,406 sqft
    2018-03-01 58 days 2,400 sqft
    2018-04-01 54 days 2,390 sqft
    2018-05-01 56 days 2,418 sqft
    2018-06-01 61 days 2,406 sqft
    2018-07-01 66 days 2,441 sqft
    2018-08-01 64 days 2,415 sqft
    2018-09-01 71 days 2,432 sqft
    2018-10-01 85 days 2,458 sqft
    2018-11-01 95 days 2,412 sqft
    2018-12-01 94 days 2,367 sqft
    2019-01-01 89 days 2,334 sqft
    2019-02-01 77 days 2,336 sqft
    2019-03-01 62 days 2,366 sqft
    2019-04-01 56 days 2,381 sqft
    2019-05-01 59 days 2,383 sqft
    2019-06-01 62 days 2,359 sqft
    2019-07-01 67 days 2,368 sqft
    2019-08-01 71 days 2,398 sqft
    2019-09-01 77 days 2,385 sqft
    2019-10-01 83 days 2,389 sqft
    2019-11-01 82 days 2,400 sqft
    2019-12-01 88 days 2,396 sqft
    2020-01-01 90 days 2,358 sqft
    2020-02-01 80 days 2,300 sqft
    2020-03-01 55 days 2,292 sqft
    2020-04-01 64 days 2,289 sqft
    2020-05-01 74 days 2,291 sqft
    2020-06-01 69 days 2,325 sqft
    2020-07-01 59 days 2,291 sqft
    2020-08-01 60 days 2,280 sqft
    2020-09-01 61 days 2,259 sqft
    2020-10-01 67 days 2,330 sqft
    2020-11-01 74 days 2,302 sqft
    2020-12-01 83 days 2,269 sqft
    2021-01-01 77 days 2,229 sqft
    2021-02-01 51 days 2,208 sqft
    2021-03-01 40 days 2,201 sqft
    2021-04-01 50 days 2,226 sqft
    2021-05-01 36 days 2,222 sqft
    2021-06-01 37 days 2,249 sqft
    2021-07-01 37 days 2,189 sqft
    2021-08-01 34 days 2,161 sqft
    2021-09-01 40 days 2,116 sqft
    2021-10-01 52 days 2,133 sqft
    2021-11-01 53 days 2,137 sqft
    2021-12-01 54 days 2,179 sqft
    2022-01-01 56 days 2,234 sqft
    2022-02-01 38 days 2,194 sqft
    2022-03-01 33 days 2,272 sqft
    2022-04-01 31 days 2,273 sqft
    2022-05-01 33 days 2,271 sqft
    2022-06-01 31 days 2,280 sqft
    2022-07-01 39 days 2,258 sqft
    2022-08-01 57 days 2,274 sqft
    2022-09-01 59 days 2,269 sqft
    2022-10-01 59 days 2,296 sqft
    2022-11-01 58 days 2,293 sqft
    2022-12-01 75 days 2,330 sqft
    2023-01-01 84 days 2,318 sqft
    2023-02-01 65 days 2,230 sqft
    2023-03-01 57 days 2,192 sqft
    2023-04-01 52 days 2,214 sqft
    2023-05-01 46 days 2,279 sqft
    2023-06-01 46 days 2,260 sqft
    2023-07-01 51 days 2,269 sqft
    2023-08-01 55 days 2,300 sqft
    2023-09-01 63 days 2,271 sqft
    2023-10-01 65 days 2,328 sqft
    2023-11-01 65 days 2,225 sqft
    2023-12-01 71 days 2,184 sqft
    2024-01-01 77 days 2,197 sqft
    2024-02-01 68 days 2,190 sqft
    2024-03-01 60 days 2,191 sqft
    2024-04-01 54 days 2,187 sqft
    2024-05-01 48 days 2,180 sqft
    2024-06-01 50 days 2,212 sqft
    2024-07-01 51 days 2,197 sqft
    2024-08-01 57 days 2,170 sqft
    2024-09-01 64 days 2,135 sqft
    2024-10-01 66 days 2,191 sqft
    2024-11-01 71 days 2,121 sqft
    2024-12-01 66 days 2,034 sqft
    2025-01-01 0 days 2,047 sqft
    Auburn's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Auburn's median square footage for active listings during the 2025-01-01 period was 2,047 sqft. One year prior, the average listing was 2,197 sqft.

    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.