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.