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 145 lenders originated 2,715 VA loans during 2023. The total origination value was $835,825,000, with an average VA loan value of $307,855.

Augusta VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Augusta averaged 6.76% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Augusta's average VA mortgage closing costs are $5,964.

The average rate for the prior week (2024-04-05) was 6.31% and one month ago for the week of 2024-03-08, the average rate was 6.34%.

The average rate one year ago was 5.63%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.6%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 417 6.59% $6,723
DHI MORTGAGE COMPANY, LTD. 173 5.39% $6,945
QUICKEN LOANS, LLC 143 6.14% $9,848
NAVY FEDERAL CREDIT UNION 141 5.85% $5,902
UNITED WHOLESALE MORTGAGE, LLC 133 6.22% $8,554
MOVEMENT MORTGAGE, LLC 122 6.21% $9,955
GUILD MORTGAGE COMPANY 91 6.58% $8,806
BROKER SOLUTIONS, INC. 80 6.22% $11,460
CARDINAL FINANCIAL 65 6.57% $12,266
AUGUSTA MORTGAGE CO. 58 6.19% $10,502
BANKSOUTH MORTGAGE COMPANY, LLC 55 5.92% $9,457
USAA Federal Savings Bank 55 6.26% $9,167
Ameris Bank 55 6.15% $9,291
Queensborough National Bank & Trust Company 54 6.15% $10,573
South State Bank 49 6.15% $10,450
PENNYMAC LOAN SERVICES, LLC 49 5.60% $7,404
FREEDOM MORTGAGE CORPORATION 47 6.59% $12,880
Colony Bank 37 5.92% $8,372
The Federal Savings Bank 37 6.38% $14,872
NEW DAY FINANCIAL, LLC 33 7.54% $11,296
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 6.49% $6,301
PENTAGON FEDERAL CREDIT UNION 31 5.58% $7,646
LOANDEPOT.COM, LLC 27 5.97% $11,775
First Heritage Mortgage, LLC 25 6.52% $12,353
Wells Fargo Bank 24 5.77% $6,757
VANDERBILT MORTGAGE AND FINANCE, INC. 20 6.34% $6,092
GUARANTEED RATE, INC. 18 6.38% $6,330
PLANET HOME LENDING, LLC 17 6.29% $11,185
MORTGAGE SOLUTIONS OF COLORADO, LLC 17 7.68% $2,864
Flagstar Bank, FSB 17 6.64% $11,092
VILLAGE CAPITAL MORTGAGE 16 6.26% $7,507
FIRST CHOICE MORTGAGE, INC. 16 6.45% $12,278
CROSSCOUNTRY MORTGAGE, LLC 15 6.67% $7,766
Mr. Cooper ( Nationstar Mortgage ) 14 5.96% $13,379
CMG MORTGAGE, INC. 13 6.14% $10,889
MILEND, INC. 13 6.87% $11,616
Security Federal Bank 12 6.40% $5,224
GUARANTEED RATE AFFINITY, LLC 12 6.24% $5,795
BancorpSouth 11 6.41% $8,839
Regions Bank 11 6.38% $9,118
Equity Prime Mortgage LLC 11 6.80% $7,096
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 10 6.85% $9,651
Synovus Bank 9 6.43% $8,230
AMERISAVE MORTGAGE CORPORATION 9 5.58% $14,544
NEWREZ LLC 8 6.50% $4,981
NTFN, INC. 8 6.73% $11,066
Barrington Bank & Trust Company, N.A. 8 6.69% $7,099
Magnolia Bank 8 6.30% $19,412
MICHIGAN MUTUAL, INC. 8 6.11% $6,154
ACADEMY MORTGAGE CORPORATION 8 6.47% $14,002
Assurance Financial Group, L.L.C. 7 6.64% $9,193
LOANPAL, LLC 7 6.14% $15,582
AMERICAN FINANCIAL NETWORK, INC. 7 6.46% $9,430
RELIANCE FIRST CAPITAL, LLC 7 6.29% $13,693
Mid-Continent Funding, Inc. 7 6.03% $8,503
HOMESTAR FINANCIAL CORPORATION 6 5.88% $9,281
Pinnacle Bank 6 6.15% $7,076
Lakeview Community Capital, LLC 6 5.90% $9,445
FBC MORTGAGE, LLC 5 5.87% $6,081
LAKEVIEW LOAN SERVICING, LLC 5 6.30% $8,909
UNION HOME MORTGAGE CORP. 5 6.88% $10,009
HOMESIDE FINANCIAL, LLC 5 6.75% $12,603
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.40% $13,048
SRP Federal Credit Union 4 6.22% $11,134
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.72% $7,391
TOWNE MORTGAGE COMPANY 4 6.69% $7,865
INTERCOASTAL MORTGAGE COMPANY 4 6.50% $10,188
First Federal Bank 4 6.34% $7,691
GSF Mortgage Corporation 4 6.47% $6,299
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.94% $8,811
First Community Bank 3 6.42% $9,560
STOCKTON MORTGAGE CORPORATION 3 5.83% $15,128
CityWorth Mortgage LLC 3 6.75% $7,208
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.17% $3,677
NBKC BANK 3 5.71% $5,135
Credence Funding Corporation 3 5.71% $3,659
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.88% $13,793
North American Savings Bank, F.S.B. 2 6.06% $6,498
Bell Bank 2 6.25% $13,615
SUN WEST MORTGAGE COMPANY, INC. 2 6.81% $10,756
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.94% $6,420
AMERICAN FINANCING CORPORATION 2 5.93% $8,021
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.94% $8,296
Renasant Bank 2 6.63% $11,077
LIBERTY HOME MORTGAGE CORPORATION 2 7.06% $13,610
Prosperity Home Mortgage, LLC 2 6.19% $11,956
Northpointe Bank 2 6.75% $9,199
ACOPIA, LLC 2 6.56% $3,423
POLARIS HOME FUNDING CORP. 2 6.75% $6,263
Paramount Residential Mortgage Group, Inc. 2 5.88% $12,945
Armed Forces Bank 2 6.19% $6,522
Truist 2 6.00% $10,175
FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 7.31% $8,320
First Palmetto Bank 2 6.81% $5,098
NBH Bank 1 6.49% $16,375
Alcova Mortgage LLC 1 6.75% $3,411
American Mortgage & Equity Consultants, Inc. 1 6.25% $5,551
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.88% $9,799
American Security Mortgage Corp. 1 5.75% $6,617
Atlantic Coast Mortgage, LLC 1 6.00% $10,807
Bank of America 1 5.88% $9,018
BNC National Bank 1 5.75% $14,279
Capital City Home Loans, LLC 1 7.00% $5,765
CAROLINA ONE MORTGAGE, LLC 1 7.75% $11,181
Carrington Mortgage Services, LLC 1 5.38% $15,810
Century Mortgage Company DBA Century Lending Company 1 7.25% $9,888
CERTAINTY HOME LOANS, LLC 1 5.25% $13,064
CONTOUR MORTGAGE CORPORATION 1 6.25% $11,661
DAS Acquisition Company, LLC 1 7.50% $617
EMM LOANS LLC 1 7.13% $6,706
EVERETT FINANCIAL, INC. 1 5.63% $26,396
First-Citizens Bank & Trust Company 1 5.63% $4,065
FIRST HOME MORTGAGE CORPORATION 1 6.63% $14,847
GENEVA FINANCIAL, LLC 1 7.13% $11,469
GMFS LLC 1 5.75% $4,288
Goldwater Bank, N.A. 1 6.75% $12,217
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $5,998
HomePromise Corporation 1 7.50% $10,336
ISERVE RESIDENTIAL LENDING, LLC 1 7.38% $14,683
JPMorgan Chase Bank 1 6.99% $5,872
LENDING 3, INC. 1 8.00% $15,743
MCLEAN MORTGAGE CORPORATION 1 5.38% $0
MORTGAGEONE, INC. 1 8.25% $110
M&T Bank 1 5.75% $26,145
NATIONS DIRECT MORTGAGE, LLC 1 7.13% $8,152
Nations Lending Corporation 1 6.75% $6,978
OCMBC, INC. 1 6.63% $13,713
OPEN MORTGAGE, LLC 1 6.25% $0
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.63% $14,310
Plains Commerce Bank 1 7.00% $13,003
Platinum Home Mortgage Corporation 1 6.75% $3,336
PLAZA HOME MORTGAGE, INC. 1 6.88% $3,799
PREMIA MORTGAGE, LLC 1 5.75% $12,683
RESOURCE FINANCIAL SERVICES, INC. 1 7.13% $7,153
SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $6,392
ServisFirst Bank 1 5.75% $9,569
SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.75% $4,944
SOUTHWEST STAGE FUNDING, LLC 1 6.38% $7,145
The Central Trust Bank 1 5.50% $9,948
THE MORTGAGE FIRM, INC. 1 6.63% $9,990
THRIVE MORTGAGE, LLC 1 6.25% $8,678
TOP FLITE FINANCIAL, INC. 1 6.75% $16,538
United Community Bank 1 6.63% $1,600
University Bank 1 6.13% $1,724
U.S. Bank 1 6.38% $4,413

The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 417 VA loans originated. Their average total fees are $6,723, which is $222 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Augusta VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,864), Security Federal Bank ($5,224), GUARANTEED RATE AFFINITY, LLC ($5,795), NAVY FEDERAL CREDIT UNION ($5,902) and VANDERBILT MORTGAGE AND FINANCE, INC. ($6,092).

The lowest rate Augusta VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.39%), PENTAGON FEDERAL CREDIT UNION (5.58%), PENNYMAC LOAN SERVICES, LLC (5.60%), Wells Fargo Bank (5.77%) and NAVY FEDERAL CREDIT UNION (5.85%).


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 $219,000 (9.6%) $273,886 (7.6%) 0.81 2,496
2018-02-01 $221,620 (8.1%) $280,935 (9.3%) 0.80 2,499
2018-03-01 $224,900 (7.6%) $286,253 (9.9%) 0.79 2,443
2018-04-01 $228,450 (8.8%) $289,163 (9.5%) 0.77 2,450
2018-05-01 $230,063 (5.8%) $292,658 (7.7%) 0.77 2,463
2018-06-01 $229,000 (5.9%) $291,560 (6.8%) 0.76 2,443
2018-07-01 $224,950 (4.6%) $287,153 (6.5%) 0.75 2,490
2018-08-01 $219,900 (2.3%) $282,511 (5.0%) 0.74 2,493
2018-09-01 $218,450 (0.7%) $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 $218,610 (0.5%) $272,379 (0.0%) 0.74 2,545
2018-12-01 $215,000 (-0.4%) $277,722 (2.1%) 0.74 2,468
2019-01-01 $215,000 (-1.8%) $278,969 (1.9%) 0.74 2,370
2019-02-01 $217,000 (-2.1%) $282,184 (0.4%) 0.73 2,335
2019-03-01 $223,800 (-0.5%) $287,721 (0.5%) 0.73 2,272
2019-04-01 $229,750 (0.6%) $293,681 (1.6%) 0.73 2,243
2019-05-01 $230,000 (0.0%) $296,445 (1.3%) 0.72 2,264
2019-06-01 $234,900 (2.6%) $299,033 (2.6%) 0.73 2,201
2019-07-01 $235,900 (4.9%) $303,928 (5.8%) 0.74 2,241
2019-08-01 $234,245 (6.5%) $297,480 (5.3%) 0.74 2,244
2019-09-01 $233,264 (6.8%) $297,617 (6.7%) 0.75 2,209
2019-10-01 $233,266 (6.4%) $297,683 (8.2%) 0.75 2,185
2019-11-01 $229,000 (4.8%) $295,282 (8.4%) 0.75 2,107
2019-12-01 $229,450 (6.7%) $292,969 (5.5%) 0.77 2,015
2020-01-01 $229,918 (6.9%) $299,294 (7.3%) 0.77 1,879
2020-02-01 $232,600 (7.2%) $306,976 (8.8%) 0.76 1,792
2020-03-01 $236,545 (5.7%) $307,441 (6.9%) 0.74 1,764
2020-04-01 $244,651 (6.5%) $315,731 (7.5%) 0.77 1,748
2020-05-01 $249,900 (8.7%) $325,612 (9.8%) 0.76 1,575
2020-06-01 $254,950 (8.5%) $338,343 (13.2%) 0.75 1,368
2020-07-01 $250,200 (6.1%) $339,139 (11.6%) 0.73 1,326
2020-08-01 $259,000 (10.6%) $343,693 (15.5%) 0.74 1,258
2020-09-01 $264,900 (13.6%) $350,327 (17.7%) 0.76 1,159
2020-10-01 $262,690 (12.6%) $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 $259,000 (12.7%) $358,350 (19.7%) 0.77 943
2021-02-01 $259,850 (11.7%) $376,888 (22.8%) 0.76 794
2021-03-01 $262,500 (11.0%) $390,452 (27.0%) 0.74 715
2021-04-01 $275,299 (12.5%) $414,082 (31.2%) 0.75 673
2021-05-01 $290,000 (16.1%) $411,397 (26.4%) 0.77 731
2021-06-01 $287,450 (12.8%) $404,021 (19.4%) 0.76 801
2021-07-01 $289,900 (15.9%) $395,724 (16.7%) 0.76 863
2021-08-01 $284,900 (10.0%) $376,965 (9.7%) 0.76 946
2021-09-01 $285,125 (7.6%) $371,830 (6.1%) 0.76 971
2021-10-01 $279,900 (6.6%) $363,729 (5.4%) 0.75 996
2021-11-01 $287,450 (15.0%) $365,671 (1.3%) 0.77 955
2021-12-01 $281,175 (11.6%) $357,277 (-0.3%) 0.76 856
2022-01-01 $281,670 (8.8%) $356,746 (-0.5%) 0.76 733
2022-02-01 $284,900 (9.6%) $355,569 (-5.7%) 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 (-12.4%) 0.69 723
2022-05-01 $307,370 (6.0%) $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 (8.7%) $371,292 (-6.2%) 0.71 1,272
2022-08-01 $313,869 (10.2%) $370,028 (-1.8%) 0.73 1,360
2022-09-01 $312,989 (9.8%) $368,660 (-0.9%) 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 (13.7%) $368,455 (3.1%) 0.79 1,647
2023-01-01 $324,200 (15.1%) $379,091 (6.3%) 0.80 1,571
2023-02-01 $329,900 (15.8%) $385,641 (8.5%) 0.80 1,400
2023-03-01 $320,080 (13.7%) $384,587 (7.2%) 0.75 1,360
2023-04-01 $315,000 (8.6%) $383,794 (5.8%) 0.73 1,367
2023-05-01 $316,250 (2.9%) $385,697 (3.2%) 0.72 1,380
2023-06-01 $317,175 (1.0%) $391,524 (3.8%) 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
2023-11-01 $309,900 (-3.1%) $372,866 (0.9%) 0.74 1,854
2023-12-01 $309,999 (-3.0%) $369,412 (0.3%) 0.76 1,834
2024-01-01 $309,925 (-4.4%) $364,872 (-3.8%) 0.76 1,802
2024-02-01 $307,942 (-6.7%) $359,807 (-6.7%) 0.74 1,742
2024-03-01 $304,500 (-4.9%) $358,250 (-6.9%) 0.72 1,834
Augusta's median listing price for 2024-03-01 was $304,500, a difference of $-15,580 (-4.9%) versus the prior year and $-3,442 versus the prior month.

Augusta's median listing price comes in at 72% of the national average.

Augusta's average listing price for 2024-03-01 was $358,250, a difference of $-26,337 (-6.9%) versus the prior year and $-1,557 versus the prior month.

For the 2024-03-01 period, Augusta had 1,834 MLS listings, a difference of 92 listings (5%) versus the prior month and 474 listings (35%) 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 93 days 2,190 sqft
2018-02-01 87 days 2,223 sqft
2018-03-01 67 days 2,241 sqft
2018-04-01 65 days 2,271 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 2,132 sqft
2018-12-01 85 days 2,106 sqft
2019-01-01 94 days 2,104 sqft
2019-02-01 91 days 2,115 sqft
2019-03-01 75 days 2,177 sqft
2019-04-01 59 days 2,230 sqft
2019-05-01 54 days 2,238 sqft
2019-06-01 53 days 2,250 sqft
2019-07-01 55 days 2,246 sqft
2019-08-01 61 days 2,233 sqft
2019-09-01 68 days 2,240 sqft
2019-10-01 75 days 2,249 sqft
2019-11-01 79 days 2,211 sqft
2019-12-01 87 days 2,212 sqft
2020-01-01 89 days 2,206 sqft
2020-02-01 82 days 2,205 sqft
2020-03-01 62 days 2,234 sqft
2020-04-01 63 days 2,282 sqft
2020-05-01 72 days 2,287 sqft
2020-06-01 73 days 2,294 sqft
2020-07-01 61 days 2,284 sqft
2020-08-01 50 days 2,294 sqft
2020-09-01 51 days 2,304 sqft
2020-10-01 51 days 2,156 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 2,234 sqft
2021-03-01 38 days 2,195 sqft
2021-04-01 32 days 2,221 sqft
2021-05-01 27 days 2,271 sqft
2021-06-01 30 days 2,256 sqft
2021-07-01 31 days 2,188 sqft
2021-08-01 32 days 2,147 sqft
2021-09-01 38 days 2,146 sqft
2021-10-01 45 days 2,119 sqft
2021-11-01 45 days 2,159 sqft
2021-12-01 52 days 2,157 sqft
2022-01-01 54 days 2,156 sqft
2022-02-01 42 days 2,099 sqft
2022-03-01 33 days 2,052 sqft
2022-04-01 31 days 2,088 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 2,105 sqft
2022-09-01 49 days 2,103 sqft
2022-10-01 50 days 2,100 sqft
2022-11-01 56 days 2,153 sqft
2022-12-01 70 days 2,159 sqft
2023-01-01 79 days 2,161 sqft
2023-02-01 81 days 2,163 sqft
2023-03-01 65 days 2,138 sqft
2023-04-01 48 days 2,112 sqft
2023-05-01 48 days 2,139 sqft
2023-06-01 47 days 2,121 sqft
2023-07-01 45 days 2,095 sqft
2023-08-01 47 days 2,025 sqft
2023-09-01 52 days 2,033 sqft
2023-10-01 54 days 2,079 sqft
2023-11-01 57 days 2,063 sqft
2023-12-01 66 days 2,046 sqft
2024-01-01 77 days 2,027 sqft
2024-02-01 70 days 2,013 sqft
2024-03-01 56 days 2,013 sqft
Augusta's median listing age (time on market) for 2024-03-01 was 56 days. This is -14% shorter than the same period one year ago.

Augusta's median square footage for active listings during the 2024-03-01 period was 2,013 sqft. One year prior, the average listing was 2,138 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.