Augusta VA Loans

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 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 199 lenders originated 7,139 VA loans during 2021. The total origination value was $1,855,305,000, with an average VA loan value of $259,883.

Augusta VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Augusta averaged 5.48% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.19% and one month ago for the week of 2022-04-15, the average rate was 5.16%.

The average rate one year ago was 3.15%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.24%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Augusta level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 788 2.84% $6,102
QUICKEN LOANS, LLC 418 2.49% $4,584
FREEDOM MORTGAGE CORPORATION 322 2.50% $2,253
BROKER SOLUTIONS, INC. 303 2.81% $6,543
NAVY FEDERAL CREDIT UNION 291 2.49% $5,195
PENNYMAC LOAN SERVICES, LLC 255 2.39% $5,123
Queensborough National Bank & Trust Company 223 2.49% $6,108
USAA Federal Savings Bank 207 2.86% $4,704
BANKSOUTH MORTGAGE COMPANY, LLC 181 2.64% $8,072
GUILD MORTGAGE COMPANY 137 3.10% $7,206
UNITED WHOLESALE MORTGAGE, LLC 134 2.56% $6,083
PENTAGON FEDERAL CREDIT UNION 129 2.37% $3,471
DHI MORTGAGE COMPANY, LTD. 124 2.74% $7,231
NEW DAY FINANCIAL, LLC 122 2.94% $7,214
AUGUSTA MORTGAGE CO. 121 2.57% $8,165
VILLAGE CAPITAL & INVESTMENT LLC 116 2.34% $3,222
Colony Bank 115 2.59% $5,996
MOVEMENT MORTGAGE, LLC 114 2.70% $5,529
Ameris Bank 113 2.66% $7,790
Wells Fargo Bank 99 2.50% $3,914
South State Bank 85 2.53% $7,525
LOANDEPOT.COM, LLC 81 2.52% $4,816
CLEARPATH LENDING 72 2.37% $3,736
LAKEVIEW LOAN SERVICING, LLC 71 2.48% $2,350
NEWREZ LLC 70 2.54% $5,645
VANDERBILT MORTGAGE AND FINANCE, INC. 70 3.05% $4,877
CROSSCOUNTRY MORTGAGE, LLC 63 3.01% $5,988
CALIBER HOME LOANS, INC. 63 2.56% $3,549
AMERICAN FINANCIAL NETWORK, INC. 62 2.77% $8,136
Mr. Cooper ( Nationstar Mortgage ) 60 2.82% $4,244
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 51 2.86% $4,864
FIRST CHOICE MORTGAGE, INC. 48 2.75% $6,795
PRIMELENDING, A PLAINSCAPITAL COMPANY 48 2.91% $6,803
The Federal Savings Bank 48 2.69% $6,445
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 43 3.00% $7,503
HOME POINT FINANCIAL CORPORATION 43 2.59% $5,954
Carrington Mortgage Services, LLC 41 2.87% $4,644
Magnolia Bank 40 2.56% $6,700
CMG MORTGAGE, INC. 35 2.82% $7,056
AMERISAVE MORTGAGE CORPORATION 35 2.65% $5,173
PLANET HOME LENDING, LLC 33 2.98% $6,816
Lakeview Community Capital, LLC 32 2.56% $3,003
Low VA Rates, LLC 29 2.44% $3,020
GUARANTEED RATE AFFINITY, LLC 28 2.93% $4,408
Barrington Bank & Trust Company, N.A. 28 2.70% $6,566
Security Federal Bank 26 2.52% $6,962
Regions Bank 23 2.96% $8,208
HOMESTAR FINANCIAL CORPORATION 22 2.94% $7,528
Mid-Continent Funding, Inc. 22 2.82% $5,519
LOANPAL, LLC 22 2.53% $7,061
First Heritage Mortgage, LLC 21 2.98% $9,221
Synovus Bank 18 2.44% $9,338
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 18 3.26% $6,409
North American Savings Bank, F.S.B. 17 2.49% $3,933
InterContinental Capital Group, Inc 17 2.54% $3,872
Flagstar Bank, FSB 15 2.61% $3,804
MUTUAL OF OMAHA MORTGAGE, INC. 15 2.71% $3,910
NBKC BANK 14 2.55% $5,308
Wyndham Capital Mortgage, Inc. 14 2.69% $7,458
First Federal Bank 14 3.92% $6,805
SRP Federal Credit Union 13 2.67% $6,777
GUARANTEED RATE, INC. 13 2.74% $2,394
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 2.42% $3,193
BNC National Bank 11 2.47% $3,897
NP, Inc. 11 2.45% $5,776
Truist Bank 11 2.70% $2,188
PLAZA HOME MORTGAGE, INC. 11 3.17% $5,428
LENDUS, LLC 11 2.47% $5,510
KELLER MORTGAGE, LLC 10 2.94% $7,311
MID AMERICA MORTGAGE, INC. 10 2.75% $4,522
First Guaranty Mortgage Corporation 8 2.58% $3,297
HOMEOWNERS FINANCIAL GROUP USA, LLC 8 2.58% $4,769
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 2.89% $3,483
Paramount Bank 7 2.59% $9,583
CERTAINTY HOME LOANS, LLC 7 2.98% $6,473
CityWorth Mortgage LLC 7 2.63% $3,027
TJC Mortgage, Inc. 7 2.30% $4,586
U.S. Bank 7 2.75% $4,171
Commerce Home Mortgage, Inc. 6 2.56% $5,569
Paramount Residential Mortgage Group, Inc. 6 2.67% $3,537
AMERICAN FINANCING CORPORATION 6 2.52% $7,641
Renasant Bank 6 3.04% $8,740
Citizens Bank 5 2.60% $5,572
AMERICAN PACIFIC MORTGAGE CORPORATION 5 3.03% $3,449
SOUTHWEST STAGE FUNDING, LLC 5 3.03% $1,046
GUARANTY HOME MORTGAGE CORPORATION 5 2.55% $7,313
HOMESIDE FINANCIAL, LLC 5 2.75% $4,825
Pinnacle Bank 4 2.50% $1,755
Austin Capital Bank SSB 4 3.19% $9,217
TOWNE MORTGAGE COMPANY 4 2.88% $10,376
First Mortgage Solutions, LLC 4 2.28% $5,650
UNION HOME MORTGAGE CORP. 4 2.88% $6,816
PHH Mortgage Corporation 4 3.31% $1,377
Manufacturers and Traders Trust Company 4 2.72% $4,171
ANGEL OAK HOME LOANS LLC 4 3.09% $5,957
SOVEREIGN LENDING GROUP INCORPORATED 4 2.63% $6,567
KS StateBank 4 2.50% $3,909
CALCON MUTUAL MORTGAGE LLC 4 3.34% $10,708
Credence Funding Corporation 4 2.38% $3,606
Prime Choice Funding Inc. 4 2.25% $2,975
The Central Trust Bank 3 2.13% $3,824
First Option Mortgage, LLC 3 3.13% $10,460
First Home Bank 3 2.46% $5,516
Armed Forces Bank 3 2.33% $8,543
EMBRACE HOME LOANS, INC. 3 2.46% $6,377
Towne Bank 3 2.38% $5,435
AmeriHome Mortgage Company, LLC 3 2.71% $1,270
Blue Ridge Bank 3 2.63% $6,100
Meridian Bank Corporation 3 2.25% $4,309
American Security Mortgage Corp. 3 2.71% $6,312
CRESCENT MORTGAGE COMPANY 3 2.75% $2,220
1ST SIGNATURE LENDING, LLC 2 3.19% $4,244
AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $2,355
Bank of England 2 2.63% $14,932
BELEM SERVICING LLC 2 2.94% $6,415
Capital Bank 2 2.50% $2,524
Community First National Bank 2 2.56% $12,622
CONTOUR MORTGAGE CORPORATION 2 2.38% $4,367
Core Bank 2 2.13% $2,459
Countybank 2 2.44% $4,597
DIRECT LENDERS, LLC 2 2.25% $2,219
Equity Prime Mortgage LLC 2 4.19% $2,901
FBC MORTGAGE, LLC 2 2.50% $1,608
Fifth Third Bank 2 2.75% $799
First Community Bank 2 3.13% $8,201
Gateway First Bank 2 2.75% $5,404
Ixonia Bank 2 2.31% $1,758
Legends Bank 2 2.81% $2,934
LENOX FINANCIAL MORTGAGE CORPORATION 2 2.94% $4,538
MILEND, INC. 2 3.19% $3,355
NATIONS DIRECT MORTGAGE, LLC 2 3.50% $3,786
NBH Bank 2 2.50% $6,852
NexBank 2 2.81% $3,612
Northpointe Bank 2 2.50% $2,310
RELIANCE FIRST CAPITAL, LLC 2 2.88% $7,110
ROSS MORTGAGE CORPORATION 2 2.81% $10,256
SECURITYNATIONAL MORTGAGE COMPANY 2 3.00% $4,048
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 3.31% $5,461
Sunflower Bank 2 2.68% $7,130
SUN WEST MORTGAGE COMPANY, INC. 2 2.81% $4,228
ZILLOW HOME LOANS, LLC 2 3.13% $7,716
KeyBank 1 2.75% $9,890
JPMorgan Chase Bank 1 4.25% $5,280
INTERLINC MORTGAGE SERVICES, LLC 1 2.99% $12,736
INTERCOASTAL MORTGAGE COMPANY 1 2.50% $2,664
INTERCAP LENDING INC. 1 2.88% $498
GoPrime Mortgage, Inc. 1 2.75% $12,955
George Mason Mortgage, LLC 1 2.25% $8,741
GENEVA FINANCIAL, LLC 1 3.25% $9,457
POLARIS HOME FUNDING CORP. 1 2.38% $2,293
Presidential Bank, FSB 1 3.00% $0
F&M Bank 1 2.25% $2,107
First United Bank and Trust Company 1 2.75% $4,104
Prosperity Home Mortgage, LLC 1 2.63% $3,556
First Savings Bank 1 2.25% $12,184
First National Bank Texas 1 2.88% $9,936
First Midwest Bank 1 2.25% $882
AMERICAN ADVISORS GROUP 1 2.75% $8,058
FIRST HOME MORTGAGE CORPORATION 1 3.00% $2,628
RESIDENTIAL HOME FUNDING CORP. 1 3.00% $7,369
RESOURCE FINANCIAL SERVICES, INC. 1 2.75% $1,959
Alcova Mortgage LLC 1 2.88% $6,416
S1L, Inc. 1 3.25% $8,947
First Federal Bank of Kansas City 1 2.25% $1,387
VAN DYK MORTGAGE CORPORATION 1 2.75% $13,975
SIRVA MORTGAGE, INC. 1 2.38% $8,752
Adams Bank & Trust 1 2.75% $12,647
FirstBank 1 2.50% $1,286
FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $9,559
EVERETT FINANCIAL, INC. 1 3.13% $1,872
ENVOY MORTGAGE, LTD 1 2.50% $9,637
STEARNS LENDING, LLC 1 2.75% $2,060
Stifel Bank and Trust 1 2.50% $3,471
STOCKTON MORTGAGE CORPORATION 1 2.88% $8,945
SUMMIT FUNDING, INC. 1 2.50% $11,937
ACCELERATE MORTGAGE, LLC 1 2.25% $8,567
ACADEMY MORTGAGE CORPORATION 1 2.63% $7,037
SWBC MORTGAGE CORPORATION 1 3.00% $5,276
DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $12,435
T2 FINANCIAL LLC 1 4.25% $0
TD Bank 1 3.00% $7,549
DAS Acquisition Company, LLC 1 3.00% $8,538
COUNTRYPLACE MORTGAGE, LTD. 1 3.63% $7,713
THE MORTGAGE FIRM, INC. 1 2.50% $6,412
CHURCHILL MORTGAGE CORPORATION 1 2.88% $2,963
Century Mortgage Company DBA Century Lending Company 1 3.25% $484
Capital City Home Loans, LLC 1 2.75% $7,691
BAY EQUITY LLC 1 2.63% $2,345
Bank of America 1 2.50% $4,644
UNITED SECURITY FINANCIAL CORP 1 3.88% $2,035
Nations Lending Corporation 1 2.25% $8,605
MORTGAGEONE, INC. 1 2.75% $13,405
Mortgage Network, Inc. 1 2.38% $19,603
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.50% $2,403
MICHIGAN MUTUAL, INC. 1 3.00% $6,100
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $7,681
LENDING 3, INC. 1 2.75% $5,917
OCMBC, INC. 1 2.38% $5,081
PANORAMA MORTGAGE GROUP, LLC 1 2.50% $2,746

The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 788 VA loans originated. Their average total fees are $6,102, which is $1,518 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Augusta VA lenders (with over 10 loans originated) are Truist Bank ($2,188), FREEDOM MORTGAGE CORPORATION ($2,253), LAKEVIEW LOAN SERVICING, LLC ($2,350), GUARANTEED RATE, INC. ($2,394) and Lakeview Community Capital, LLC ($3,003).

The lowest rate Augusta VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.34%), PENTAGON FEDERAL CREDIT UNION (2.37%), CLEARPATH LENDING (2.37%), PENNYMAC LOAN SERVICES, LLC (2.39%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (2.42%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Augusta (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 $216,900 (8.5%) $275,158 (7.1%) 0.80 2,707
2018-02-01 $219,950 (7.3%) $282,376 (9.2%) 0.79 2,714
2018-03-01 $224,900 (7.4%) $288,746 (9.0%) 0.78 2,662
2018-04-01 $229,575 (9.3%) $293,029 (10.1%) 0.77 2,641
2018-05-01 $230,000 (5.3%) $295,514 (8.1%) 0.77 2,660
2018-06-01 $229,900 (6.3%) $294,172 (7.2%) 0.77 2,625
2018-07-01 $227,000 (5.6%) $288,824 (6.6%) 0.76 2,701
2018-08-01 $218,150 (1.7%) $281,193 (4.3%) 0.73 2,772
2018-09-01 $215,000 (0.0%) $278,615 (3.0%) 0.72 2,867
2018-10-01 $216,100 (1.3%) $274,474 (1.8%) 0.72 2,870
2018-11-01 $215,000 (-0.1%) $270,516 (-1.5%) 0.72 2,842
2018-12-01 $214,900 (-0.1%) $276,117 (1.2%) 0.74 2,762
2019-01-01 $214,125 (-1.3%) $276,956 (0.7%) 0.74 2,643
2019-02-01 $211,950 (-3.6%) $276,165 (-2.2%) 0.71 2,602
2019-03-01 $219,186 (-2.5%) $284,095 (-1.6%) 0.71 2,537
2019-04-01 $225,900 (-1.6%) $291,100 (-0.7%) 0.71 2,483
2019-05-01 $228,950 (-0.5%) $294,391 (-0.4%) 0.71 2,503
2019-06-01 $229,900 (0.0%) $295,022 (0.3%) 0.71 2,486
2019-07-01 $234,345 (3.2%) $299,451 (3.7%) 0.73 2,529
2019-08-01 $232,614 (6.6%) $297,916 (6.0%) 0.73 2,504
2019-09-01 $235,445 (9.5%) $300,579 (7.9%) 0.75 2,446
2019-10-01 $234,900 (8.7%) $295,568 (7.7%) 0.75 2,486
2019-11-01 $229,900 (6.9%) $293,465 (8.5%) 0.74 2,429
2019-12-01 $229,900 (7.0%) $292,412 (5.9%) 0.77 2,288
2020-01-01 $229,918 (7.4%) $295,730 (6.8%) 0.77 2,138
2020-02-01 $234,900 (10.8%) $304,115 (10.1%) 0.76 2,014
2020-03-01 $236,700 (8.0%) $306,511 (7.9%) 0.74 1,972
2020-04-01 $239,450 (6.0%) $308,936 (6.1%) 0.75 1,967
2020-05-01 $245,000 (7.0%) $319,164 (8.4%) 0.74 1,789
2020-06-01 $242,538 (5.5%) $323,818 (9.8%) 0.71 1,561
2020-07-01 $243,950 (4.1%) $325,424 (8.7%) 0.70 1,504
2020-08-01 $250,000 (7.5%) $330,649 (11.0%) 0.71 1,424
2020-09-01 $259,140 (10.1%) $347,828 (15.7%) 0.74 1,313
2020-10-01 $258,075 (9.9%) $344,593 (16.6%) 0.74 1,308
2020-11-01 $249,900 (8.7%) $362,288 (23.5%) 0.72 1,193
2020-12-01 $249,900 (8.7%) $355,918 (21.7%) 0.73 1,171
2021-01-01 $249,900 (8.7%) $350,694 (18.6%) 0.74 1,094
2021-02-01 $254,950 (8.5%) $362,106 (19.1%) 0.73 942
2021-03-01 $255,000 (7.7%) $370,049 (20.7%) 0.72 814
2021-04-01 $263,750 (10.2%) $395,494 (28.0%) 0.71 741
2021-05-01 $275,000 (12.2%) $389,208 (22.0%) 0.72 810
2021-06-01 $277,450 (14.4%) $384,220 (18.7%) 0.72 903
2021-07-01 $276,900 (13.5%) $377,685 (16.1%) 0.72 982
2021-08-01 $281,950 (12.8%) $368,272 (11.4%) 0.74 1,097
2021-09-01 $279,900 (8.0%) $360,498 (3.6%) 0.74 1,117
2021-10-01 $273,752 (6.1%) $348,846 (1.2%) 0.72 1,145
2021-11-01 $284,900 (14.0%) $355,981 (-1.7%) 0.75 1,089
2021-12-01 $284,900 (14.0%) $349,123 (-1.9%) 0.76 993
2022-01-01 $284,100 (13.7%) $351,733 (0.3%) 0.76 855
2022-02-01 $284,950 (11.8%) $351,625 (-2.9%) 0.73 705
2022-03-01 $282,200 (10.7%) $353,503 (-4.5%) 0.70 697
2022-04-01 $293,100 (11.1%) $357,329 (-9.7%) 0.69 794
Augusta's median listing price for 2022-04-01 was $293,100, a difference of $29,350 (11.1%) versus the prior year and $10,900 versus the prior month.

Augusta's median listing price comes in at 69% of the national average.

Augusta's average listing price for 2022-04-01 was $357,329, a difference of $-38,165 (-9.7%) versus the prior year and $3,826 versus the prior month.

For the 2022-04-01 period, Augusta had 794 MLS listings, a difference of 97 listings (14%) versus the prior month and 53 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Augusta (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 104 days 2,181 sqft
2018-02-01 99 days 2,223 sqft
2018-03-01 80 days 2,246 sqft
2018-04-01 75 days 2,281 sqft
2018-05-01 71 days 2,303 sqft
2018-06-01 72 days 2,306 sqft
2018-07-01 73 days 2,264 sqft
2018-08-01 81 days 2,183 sqft
2018-09-01 82 days 2,146 sqft
2018-10-01 87 days 2,142 sqft
2018-11-01 88 days 2,104 sqft
2018-12-01 99 days 2,088 sqft
2019-01-01 107 days 2,087 sqft
2019-02-01 107 days 2,082 sqft
2019-03-01 83 days 2,137 sqft
2019-04-01 68 days 2,199 sqft
2019-05-01 63 days 2,213 sqft
2019-06-01 66 days 2,231 sqft
2019-07-01 65 days 2,240 sqft
2019-08-01 67 days 2,244 sqft
2019-09-01 77 days 2,285 sqft
2019-10-01 81 days 2,266 sqft
2019-11-01 84 days 2,246 sqft
2019-12-01 87 days 2,248 sqft
2020-01-01 92 days 2,230 sqft
2020-02-01 86 days 2,246 sqft
2020-03-01 62 days 2,250 sqft
2020-04-01 66 days 2,263 sqft
2020-05-01 74 days 2,283 sqft
2020-06-01 74 days 2,263 sqft
2020-07-01 65 days 2,265 sqft
2020-08-01 56 days 2,260 sqft
2020-09-01 52 days 2,295 sqft
2020-10-01 56 days 2,202 sqft
2020-11-01 53 days 2,210 sqft
2020-12-01 57 days 2,232 sqft
2021-01-01 59 days 2,232 sqft
2021-02-01 62 days 2,217 sqft
2021-03-01 50 days 2,188 sqft
2021-04-01 45 days 2,204 sqft
2021-05-01 40 days 2,249 sqft
2021-06-01 38 days 2,200 sqft
2021-07-01 39 days 2,156 sqft
2021-08-01 38 days 2,156 sqft
2021-09-01 44 days 2,152 sqft
2021-10-01 49 days 2,112 sqft
2021-11-01 49 days 2,165 sqft
2021-12-01 56 days 2,173 sqft
2022-01-01 62 days 2,156 sqft
2022-02-01 49 days 2,130 sqft
2022-03-01 39 days 2,086 sqft
2022-04-01 34 days 2,118 sqft
Augusta's median listing age (time on market) for 2022-04-01 was 34 days. This is -24% shorter than the same period one year ago.

Augusta's median square footage for active listings during the 2022-04-01 period was 2,118 sqft. One year prior, the average listing was 2,204 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.