Augusta VA Loan Rates, Closing Costs & Stats
AUGUSTA-RICHMOND COUNTY, GA-SC
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.
Augusta's 172 lenders originated 3,830 VA loans during 2022. The total origination value was $1,131,180,000, with an average VA loan value of $295,347.
Augusta VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Augusta
averaged
-0.51%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Augusta's average VA mortgage closing costs are $5,647.
The average rate for the prior week (2023-11-17) was
6.64% and
one month ago for the week of 2023-10-20, the
average rate was 7.27%.
The average rate one year ago was 6.28%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.04%.
Augusta 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 Augusta level.
The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with
607 VA loans originated. Their average total fees are
$7,301, which is $2,483
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Augusta VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($5,435), Mid-Continent Funding, Inc. ($5,620), PENTAGON FEDERAL CREDIT UNION ($5,724), Wells Fargo Bank ($6,088) and Flagstar Bank, FSB ($6,112).
The lowest rate Augusta VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (3.35%), PENNYMAC LOAN SERVICES, LLC (3.47%), PENTAGON FEDERAL CREDIT UNION (3.50%), VILLAGE CAPITAL MORTGAGE (3.71%) and LAKEVIEW LOAN SERVICING, LLC (3.83%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Augusta (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 | $219,000 (9.6%) | $273,840 (7.6%) | 0.81 | 2,497 |
2018-02-01 | $221,450 (8.0%) | $280,883 (9.2%) | 0.80 | 2,500 |
2018-03-01 | $224,900 (7.6%) | $286,197 (9.8%) | 0.79 | 2,444 |
2018-04-01 | $228,450 (8.8%) | $289,107 (9.4%) | 0.77 | 2,451 |
2018-05-01 | $229,950 (5.7%) | $292,601 (7.7%) | 0.77 | 2,464 |
2018-06-01 | $229,000 (6.0%) | $291,560 (6.9%) | 0.76 | 2,444 |
2018-07-01 | $224,950 (4.6%) | $287,097 (6.5%) | 0.75 | 2,491 |
2018-08-01 | $219,900 (2.3%) | $282,511 (5.0%) | 0.74 | 2,493 |
2018-09-01 | $218,450 (0.8%) | $278,832 (3.6%) | 0.73 | 2,563 |
2018-10-01 | $219,250 (2.0%) | $275,085 (2.6%) | 0.74 | 2,564 |
2018-11-01 | $218,600 (0.6%) | $272,367 (0.0%) | 0.74 | 2,545 |
2018-12-01 | $215,000 (-0.4%) | $277,646 (2.1%) | 0.74 | 2,467 |
2019-01-01 | $215,000 (-1.8%) | $278,846 (1.8%) | 0.74 | 2,371 |
2019-02-01 | $217,000 (-2.0%) | $282,062 (0.4%) | 0.73 | 2,336 |
2019-03-01 | $223,800 (-0.5%) | $287,579 (0.5%) | 0.73 | 2,273 |
2019-04-01 | $229,548 (0.5%) | $293,541 (1.5%) | 0.73 | 2,245 |
2019-05-01 | $230,000 (0.0%) | $296,331 (1.3%) | 0.72 | 2,266 |
2019-06-01 | $234,900 (2.6%) | $298,875 (2.5%) | 0.73 | 2,203 |
2019-07-01 | $235,450 (4.7%) | $303,811 (5.8%) | 0.74 | 2,243 |
2019-08-01 | $234,159 (6.5%) | $297,420 (5.3%) | 0.74 | 2,246 |
2019-09-01 | $233,122 (6.7%) | $297,558 (6.7%) | 0.75 | 2,210 |
2019-10-01 | $233,167 (6.4%) | $297,625 (8.2%) | 0.75 | 2,186 |
2019-11-01 | $229,000 (4.8%) | $295,226 (8.4%) | 0.75 | 2,109 |
2019-12-01 | $229,450 (6.7%) | $292,859 (5.5%) | 0.77 | 2,017 |
2020-01-01 | $229,900 (6.9%) | $299,176 (7.3%) | 0.77 | 1,881 |
2020-02-01 | $232,230 (7.0%) | $306,846 (8.8%) | 0.76 | 1,794 |
2020-03-01 | $236,058 (5.5%) | $307,310 (6.9%) | 0.74 | 1,764 |
2020-04-01 | $244,651 (6.6%) | $315,731 (7.6%) | 0.77 | 1,748 |
2020-05-01 | $249,900 (8.7%) | $325,612 (9.9%) | 0.76 | 1,575 |
2020-06-01 | $254,950 (8.5%) | $338,343 (13.2%) | 0.75 | 1,368 |
2020-07-01 | $250,200 (6.3%) | $339,139 (11.6%) | 0.73 | 1,326 |
2020-08-01 | $259,000 (10.6%) | $343,693 (15.6%) | 0.74 | 1,258 |
2020-09-01 | $264,900 (13.6%) | $350,327 (17.7%) | 0.76 | 1,159 |
2020-10-01 | $262,690 (12.7%) | $345,195 (16.0%) | 0.75 | 1,179 |
2020-11-01 | $249,995 (9.2%) | $360,987 (22.3%) | 0.73 | 1,060 |
2020-12-01 | $251,892 (9.8%) | $358,199 (22.3%) | 0.75 | 1,027 |
2021-01-01 | $259,450 (12.9%) | $358,291 (19.8%) | 0.77 | 944 |
2021-02-01 | $259,900 (11.9%) | $376,795 (22.8%) | 0.76 | 795 |
2021-03-01 | $262,663 (11.3%) | $390,661 (27.1%) | 0.75 | 715 |
2021-04-01 | $275,450 (12.6%) | $413,624 (31.0%) | 0.75 | 674 |
2021-05-01 | $290,285 (16.2%) | $411,625 (26.4%) | 0.77 | 732 |
2021-06-01 | $287,450 (12.8%) | $404,062 (19.4%) | 0.76 | 803 |
2021-07-01 | $289,450 (15.7%) | $395,618 (16.7%) | 0.76 | 865 |
2021-08-01 | $284,900 (10.0%) | $377,013 (9.7%) | 0.76 | 947 |
2021-09-01 | $285,250 (7.7%) | $372,184 (6.2%) | 0.76 | 971 |
2021-10-01 | $279,900 (6.6%) | $363,819 (5.4%) | 0.75 | 996 |
2021-11-01 | $287,225 (14.9%) | $365,587 (1.3%) | 0.77 | 956 |
2021-12-01 | $280,675 (11.4%) | $357,197 (-0.3%) | 0.76 | 856 |
2022-01-01 | $281,670 (8.6%) | $356,746 (-0.4%) | 0.76 | 733 |
2022-02-01 | $284,675 (9.5%) | $355,598 (-5.6%) | 0.74 | 626 |
2022-03-01 | $281,503 (7.2%) | $358,846 (-8.1%) | 0.70 | 635 |
2022-04-01 | $290,000 (5.3%) | $362,661 (-12.3%) | 0.69 | 723 |
2022-05-01 | $307,370 (5.9%) | $373,738 (-9.2%) | 0.70 | 955 |
2022-06-01 | $313,915 (9.2%) | $377,375 (-6.6%) | 0.70 | 1,089 |
2022-07-01 | $315,000 (8.8%) | $371,292 (-6.2%) | 0.71 | 1,272 |
2022-08-01 | $313,869 (10.2%) | $370,028 (-1.9%) | 0.73 | 1,361 |
2022-09-01 | $312,971 (9.7%) | $368,587 (-1.0%) | 0.73 | 1,358 |
2022-10-01 | $312,900 (11.8%) | $365,109 (0.4%) | 0.74 | 1,522 |
2022-11-01 | $319,800 (11.3%) | $369,405 (1.0%) | 0.77 | 1,638 |
2022-12-01 | $319,700 (13.9%) | $368,455 (3.2%) | 0.79 | 1,647 |
2023-01-01 | $324,200 (15.1%) | $379,091 (6.3%) | 0.80 | 1,571 |
2023-02-01 | $329,900 (15.9%) | $385,641 (8.5%) | 0.80 | 1,400 |
2023-03-01 | $320,080 (13.7%) | $384,587 (7.2%) | 0.76 | 1,360 |
2023-04-01 | $315,000 (8.6%) | $383,621 (5.8%) | 0.73 | 1,368 |
2023-05-01 | $316,125 (2.9%) | $385,541 (3.2%) | 0.72 | 1,380 |
2023-06-01 | $316,900 (1.0%) | $391,352 (3.7%) | 0.71 | 1,407 |
2023-07-01 | $309,900 (-1.6%) | $377,758 (1.7%) | 0.70 | 1,504 |
2023-08-01 | $299,950 (-4.4%) | $368,204 (-0.5%) | 0.69 | 1,587 |
2023-09-01 | $302,430 (-3.4%) | $370,026 (0.4%) | 0.70 | 1,638 |
2023-10-01 | $309,950 (-0.9%) | $373,732 (2.4%) | 0.73 | 1,762 |
Augusta's median listing price comes in at 73% of the national average.
Augusta's average listing price for 2023-10-01 was $373,732, a difference of $8,623 (2.4%) versus the prior year and $3,706 versus the prior month.
For the 2023-10-01 period, Augusta had 1,762 MLS listings, a difference of 124 listings (8%) versus the prior month and 240 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Augusta (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 93 days | 2,190 sqft |
2018-02-01 | 87 days | 2,222 sqft |
2018-03-01 | 67 days | 2,240 sqft |
2018-04-01 | 65 days | 2,270 sqft |
2018-05-01 | 60 days | 2,300 sqft |
2018-06-01 | 61 days | 2,299 sqft |
2018-07-01 | 66 days | 2,255 sqft |
2018-08-01 | 71 days | 2,200 sqft |
2018-09-01 | 74 days | 2,175 sqft |
2018-10-01 | 76 days | 2,175 sqft |
2018-11-01 | 79 days | 2,133 sqft |
2018-12-01 | 85 days | 2,106 sqft |
2019-01-01 | 94 days | 2,104 sqft |
2019-02-01 | 91 days | 2,113 sqft |
2019-03-01 | 74 days | 2,173 sqft |
2019-04-01 | 59 days | 2,226 sqft |
2019-05-01 | 54 days | 2,237 sqft |
2019-06-01 | 53 days | 2,246 sqft |
2019-07-01 | 55 days | 2,244 sqft |
2019-08-01 | 61 days | 2,232 sqft |
2019-09-01 | 68 days | 2,239 sqft |
2019-10-01 | 75 days | 2,247 sqft |
2019-11-01 | 79 days | 2,209 sqft |
2019-12-01 | 87 days | 2,208 sqft |
2020-01-01 | 89 days | 2,204 sqft |
2020-02-01 | 82 days | 2,202 sqft |
2020-03-01 | 62 days | 2,231 sqft |
2020-04-01 | 63 days | 2,280 sqft |
2020-05-01 | 72 days | 2,285 sqft |
2020-06-01 | 73 days | 2,293 sqft |
2020-07-01 | 61 days | 2,284 sqft |
2020-08-01 | 50 days | 2,294 sqft |
2020-09-01 | 51 days | 2,299 sqft |
2020-10-01 | 51 days | 2,163 sqft |
2020-11-01 | 51 days | 2,219 sqft |
2020-12-01 | 53 days | 2,263 sqft |
2021-01-01 | 55 days | 2,250 sqft |
2021-02-01 | 53 days | 2,236 sqft |
2021-03-01 | 38 days | 2,194 sqft |
2021-04-01 | 32 days | 2,229 sqft |
2021-05-01 | 28 days | 2,272 sqft |
2021-06-01 | 30 days | 2,260 sqft |
2021-07-01 | 31 days | 2,200 sqft |
2021-08-01 | 32 days | 2,152 sqft |
2021-09-01 | 38 days | 2,153 sqft |
2021-10-01 | 45 days | 2,121 sqft |
2021-11-01 | 45 days | 2,160 sqft |
2021-12-01 | 52 days | 2,158 sqft |
2022-01-01 | 54 days | 2,156 sqft |
2022-02-01 | 42 days | 2,099 sqft |
2022-03-01 | 33 days | 2,051 sqft |
2022-04-01 | 31 days | 2,089 sqft |
2022-05-01 | 32 days | 2,112 sqft |
2022-06-01 | 38 days | 2,115 sqft |
2022-07-01 | 40 days | 2,103 sqft |
2022-08-01 | 46 days | 2,107 sqft |
2022-09-01 | 49 days | 2,104 sqft |
2022-10-01 | 50 days | 2,100 sqft |
2022-11-01 | 56 days | 2,154 sqft |
2022-12-01 | 70 days | 2,159 sqft |
2023-01-01 | 79 days | 2,161 sqft |
2023-02-01 | 81 days | 2,165 sqft |
2023-03-01 | 65 days | 2,139 sqft |
2023-04-01 | 48 days | 2,112 sqft |
2023-05-01 | 48 days | 2,136 sqft |
2023-06-01 | 47 days | 2,120 sqft |
2023-07-01 | 45 days | 2,095 sqft |
2023-08-01 | 47 days | 2,026 sqft |
2023-09-01 | 52 days | 2,033 sqft |
2023-10-01 | 54 days | 2,080 sqft |
Augusta's median square footage for active listings during the 2023-10-01 period was 2,080 sqft. One year prior, the average listing was 2,100 sqft.