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 149 lenders originated 3,271 VA loans during 2024. The total origination value was $1,046,305,000, with an average VA loan value of $319,873.

Augusta VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Augusta averaged 0.39% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Augusta's average VA mortgage closing costs are $6,224.

The average rate for the prior week (2025-06-13) was 6.43% and one month ago for the week of 2025-05-16, the average rate was 6.69%.

The average rate one year ago was 6.69%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.11%.

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

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.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 427 6.43% $6,015
UNITED WHOLESALE MORTGAGE, LLC 213 5.93% $7,769
DHI MORTGAGE COMPANY, LTD. 180 5.27% $7,840
QUICKEN LOANS, LLC 175 6.04% $9,499
FREEDOM MORTGAGE CORPORATION 153 6.14% $7,548
NAVY FEDERAL CREDIT UNION 150 5.91% $6,266
MOVEMENT MORTGAGE, LLC 143 6.10% $10,520
GUILD MORTGAGE COMPANY 130 6.10% $9,301
PENNYMAC LOAN SERVICES, LLC 80 5.69% $6,801
First Heritage Mortgage, LLC 70 6.02% $11,595
USAA Federal Savings Bank 67 6.35% $7,062
CROSSCOUNTRY MORTGAGE, LLC 60 6.25% $8,603
VILLAGE CAPITAL MORTGAGE 57 5.77% $6,286
BROKER SOLUTIONS, INC. 54 6.36% $10,856
Ameris Bank 53 5.95% $9,098
Queensborough National Bank & Trust Company 50 6.15% $10,684
MORTGAGE SOLUTIONS OF COLORADO, LLC 47 7.31% $3,718
NEW DAY FINANCIAL, LLC 47 7.48% $10,346
CARDINAL FINANCIAL 45 6.45% $12,623
AUGUSTA MORTGAGE CO. 42 5.96% $12,518
South State Bank 41 6.00% $10,746
BANKSOUTH MORTGAGE COMPANY, LLC 40 6.15% $12,926
Colony Bank 38 6.26% $4,790
PLANET HOME LENDING, LLC 36 5.97% $7,042
NEWREZ LLC 34 5.88% $6,815
VANDERBILT MORTGAGE AND FINANCE, INC. 27 6.63% $6,207
PENTAGON FEDERAL CREDIT UNION 25 6.12% $9,583
FIRST CHOICE MORTGAGE, INC. 24 6.61% $10,409
LOANDEPOT.COM, LLC 23 6.17% $10,406
The Federal Savings Bank 23 6.26% $13,275
CANOPY MORTGAGE, LLC 22 5.99% $17,089
TOWNE MORTGAGE COMPANY 22 6.37% $8,995
Flagstar Bank, FSB 17 6.81% $6,241
Mr. Cooper ( Nationstar Mortgage ) 17 6.24% $10,137
CMG MORTGAGE, INC. 17 6.12% $12,089
BancorpSouth 17 6.13% $9,503
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.65% $6,713
CAROLINA ONE MORTGAGE, LLC 13 5.96% $14,764
Equity Prime Mortgage LLC 13 6.78% $8,006
GUARANTEED RATE, INC. 12 6.52% $6,267
FBC MORTGAGE, LLC 12 5.64% $2,590
CLEARPATH LENDING 11 6.02% $7,090
LAKEVIEW LOAN SERVICING, LLC 11 5.62% $6,186
Barrington Bank & Trust Company, N.A. 10 6.43% $7,686
UNION HOME MORTGAGE CORP. 10 6.21% $11,665
Pinnacle Bank 10 5.85% $10,386
SUMMIT FUNDING, INC. 9 6.43% $7,844
Carrington Mortgage Services, LLC 9 6.01% $10,844
Synovus Bank 8 6.19% $13,105
Lakeview Community Capital, LLC 8 5.72% $4,303
Regions Bank 7 5.96% $7,712
NBKC BANK 7 5.88% $9,542
Wells Fargo Bank 6 5.75% $11,953
AMERICAN FINANCIAL NETWORK, INC. 6 6.17% $8,380
AmeriHome Mortgage Company, LLC 6 6.14% $4,167
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.13% $8,253
Assurance Financial Group, L.L.C. 6 6.54% $4,547
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.38% $12,984
LOANPAL, LLC 6 5.85% $13,080
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.58% $11,529
Security Federal Bank 6 6.33% $5,043
SUN WEST MORTGAGE COMPANY, INC. 6 6.46% $5,978
First Community Bank 5 6.53% $6,480
RELIANCE FIRST CAPITAL, LLC 5 6.98% $13,240
Credence Funding Corporation 5 5.55% $6,543
SRP Federal Credit Union 5 6.15% $4,184
First Federal Bank 5 5.73% $6,791
AMERISAVE MORTGAGE CORPORATION 5 5.80% $13,928
Magnolia Bank 5 5.93% $13,458
Presidential Bank, FSB 4 6.53% $6,461
MILEND, INC. 4 6.75% $13,157
PLAZA HOME MORTGAGE, INC. 4 6.15% $16,719
Century Mortgage Company DBA Century Lending Company 4 5.97% $7,758
U.S. Bank 4 6.88% $4,818
ALLIED MORTGAGE GROUP, INC. 4 5.75% $5,022
Prosperity Home Mortgage, LLC 4 6.40% $11,122
Armed Forces Bank 4 5.88% $5,777
Waterstone Mortgage Corporation 3 6.46% $6,196
PHH Mortgage Corporation 3 6.37% $5,413
Nations Lending Corporation 3 7.04% $14,115
North American Savings Bank, F.S.B. 3 5.75% $13,990
GUARANTEED RATE AFFINITY, LLC 3 6.29% $11,297
M&T Bank 3 6.13% $6,917
Paramount Residential Mortgage Group, Inc. 3 6.67% $10,869
The Loan Store, Inc. 3 5.92% $4,263
CALCON MUTUAL MORTGAGE LLC 3 5.96% $11,439
JPMorgan Chase Bank 2 6.37% $10,538
CityWorth Mortgage LLC 2 5.88% $21,214
MORTGAGEONE, INC. 2 7.44% $2,390
RESOURCE FINANCIAL SERVICES, INC. 2 6.50% $5,022
VERITAS FUNDING, LLC 2 6.13% $15,658
INTERCOASTAL MORTGAGE COMPANY 2 6.44% $3,200
T2 FINANCIAL LLC 2 6.81% $4,979
The Central Trust Bank 2 6.06% $16,682
Core Bank 2 6.19% $13,534
TOP FLITE FINANCIAL, INC. 2 6.94% $20,175
Mid-Continent Funding, Inc. 2 6.25% $8,591
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.00% $11,541
AMERICAN FINANCING CORPORATION 2 6.06% $16,641
GoPrime Mortgage, Inc. 2 6.63% $6,330
PREMIA MORTGAGE, LLC 2 6.19% $8,415
Bank of England 1 6.38% $17,379
THE MORTGAGE FIRM, INC. 1 6.25% $7,492
Towne Bank 1 6.75% $4,253
TruHome Solutions, LLC 1 6.50% $3,129
Truist 1 6.50% $985
Trustmark National Bank 1 6.00% $7,385
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $3,349
GENEVA FINANCIAL, LLC 1 6.75% $484
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.13% $5,810
Franklin Loan Corporation 1 5.75% $10,200
HOMESIDE FINANCIAL, LLC 1 5.13% $2,039
HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.75% $2,651
Integrity Home Mortgage Corp 1 6.13% $675
INTELLILOAN, INC. 1 6.25% $1,706
ISERVE RESIDENTIAL LENDING, LLC 1 8.13% $15,578
Ixonia Bank 1 7.00% $6,434
FLAT BRANCH MORTGAGE, INC. 1 5.63% $4,547
First Palmetto Bank 1 6.13% $5,544
LEADERONE FINANCIAL CORPORATION 1 6.63% $22,665
First National Bank Texas 1 6.13% $15,781
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.00% $12,706
MORTGAGE EQUITY PARTNERS LLC 1 7.25% $6,668
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $3,004
FIRST COMMUNITY MORTGAGE, INC. 1 5.99% $1,094
ACOPIA, LLC 1 7.13% $182
NATIONS DIRECT MORTGAGE, LLC 1 6.25% $2,000
First-Citizens Bank & Trust Company 1 6.13% $17,506
Farmers Bank & Trust 1 5.75% $4,924
EMBRACE HOME LOANS, INC. 1 5.75% $5,160
NFM, INC. 1 6.13% $15,699
NORWICH COMMERCIAL GROUP, INC. 1 5.63% $4,217
OCMBC, INC. 1 6.13% $1,142
ONY GLO, INC. 1 6.25% $5,255
Paramount Bank 1 6.25% $5,970
Cornerstone First Mortgage, Inc 1 6.38% $19,337
CONTOUR MORTGAGE CORPORATION 1 6.63% $12,673
Commerce Home Mortgage, Inc. 1 5.63% $5,287
PNC Bank 1 6.25% $9,670
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.50% $4,698
Citizens Bank 1 5.50% $19,007
Renasant Bank 1 6.00% $4,688
SOUTHWEST STAGE FUNDING, LLC 1 6.38% $500
SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $6,922
STOCKTON MORTGAGE CORPORATION 1 7.13% $5,414
SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $26,754
BETTER MORTGAGE CORPORATION 1 6.25% $10,712
Sunflower Bank 1 6.49% $9,517
1ST SIGNATURE LENDING, LLC 1 7.25% $24,102

The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 427 VA loans originated. Their average total fees are $6,015, which is $1,755 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Augusta VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC ($2,590), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,718), Colony Bank ($4,790), Mortgage Research Center, LLC ($6,015) and LAKEVIEW LOAN SERVICING, LLC ($6,186).

The lowest rate Augusta VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.27%), LAKEVIEW LOAN SERVICING, LLC (5.62%), FBC MORTGAGE, LLC (5.64%), PENNYMAC LOAN SERVICES, LLC (5.69%) and VILLAGE CAPITAL MORTGAGE (5.77%).

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.