Augusta VA Loan Rates, Closing Costs & Stats

Augusta-Waterville, ME

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    • 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 47 lenders originated 193 VA loans during 2023. The total origination value was $58,825,000, with an average VA loan value of $304,793.

    Augusta VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Augusta averaged 7% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Augusta's average VA mortgage closing costs are $5,136.

    The average rate for the prior week (2024-04-12) was 6.63% and one month ago for the week of 2024-03-15, the average rate was 6.89%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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 35 6.99% $5,080
    GUILD MORTGAGE COMPANY 20 6.12% $8,575
    USAA Federal Savings Bank 13 6.30% $6,115
    UNITED WHOLESALE MORTGAGE, LLC 11 6.66% $9,273
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.51% $9,191
    QUICKEN LOANS, LLC 9 6.11% $8,241
    The Camden National Bank 7 5.95% $6,166
    NAVY FEDERAL CREDIT UNION 7 6.30% $7,582
    NEWREZ LLC 5 6.68% $8,216
    Androscoggin Savings Bank 5 5.65% $5,660
    CMG MORTGAGE, INC. 4 7.03% $7,982
    LOANDEPOT.COM, LLC 4 6.00% $8,954
    PENNYMAC LOAN SERVICES, LLC 4 6.31% $8,603
    VILLAGE CAPITAL MORTGAGE 3 6.13% $7,099
    Mr. Cooper ( Nationstar Mortgage ) 3 5.88% $20,459
    CUSO MORTGAGE CORPORATION 3 7.04% $4,675
    Bangor Savings Bank 3 5.67% $8,507
    TOTAL MORTGAGE SERVICES, LLC 3 7.17% $6,780
    Flagstar Bank, FSB 2 6.19% $7,759
    NEW DAY FINANCIAL, LLC 2 8.06% $14,112
    NORTHPOINT MORTGAGE, INC. 2 6.44% $11,062
    CALIBER HOME LOANS, INC. 2 6.44% $10,539
    DAS Acquisition Company, LLC 2 5.04% $3,832
    INTEGRITY MORTGAGE LLC 2 7.25% $9,171
    T2 FINANCIAL LLC 2 7.31% $3,071
    The Federal Savings Bank 2 6.56% $13,758
    LEADERONE FINANCIAL CORPORATION 2 6.94% $12,071
    NBH Bank 1 5.25% $9,289
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $12,058
    AMERICAN FINANCING CORPORATION 1 6.63% $9,689
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $11,438
    EMBRACE HOME LOANS, INC. 1 6.75% $14,299
    FREEDOM MORTGAGE CORPORATION 1 6.75% $22,268
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.63% $8,179
    GUARANTY HOME MORTGAGE CORPORATION 1 5.75% $7,744
    HARBORONE MORTGAGE, LLC 1 7.00% $5,526
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $20,435
    KeyBank 1 6.38% $2,010
    LAKEVIEW LOAN SERVICING, LLC 1 7.25% $4,368
    M&T Bank 1 7.50% $3,412
    ACADEMY MORTGAGE CORPORATION 1 6.75% $4,396
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $2,710
    PLANET HOME LENDING, LLC 1 7.75% $8,173
    POLARIS HOME FUNDING CORP. 1 6.25% $10,985
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $3,027
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $11,506
    SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $3,245

    The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $5,080, which is $3,495 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Augusta VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,080), USAA Federal Savings Bank ($6,115), GUILD MORTGAGE COMPANY ($8,575), UNITED WHOLESALE MORTGAGE, LLC ($9,273) and .

    The lowest rate Augusta VA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (6.12%), USAA Federal Savings Bank (6.30%), UNITED WHOLESALE MORTGAGE, LLC (6.66%), Mortgage Research Center, LLC (6.99%) and .

    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 $179,450 (10.1%) $239,658 (15.1%) 0.00 554
    2018-02-01 $179,900 (8.1%) $246,339 (17.5%) 0.00 520
    2018-03-01 $194,900 (13.8%) $254,778 (19.9%) 0.00 503
    2018-04-01 $204,975 (13.9%) $256,095 (14.9%) 0.00 512
    2018-05-01 $215,950 (14.0%) $259,893 (10.1%) 0.00 593
    2018-06-01 $219,000 (12.9%) $264,993 (10.4%) 0.00 698
    2018-07-01 $215,000 (10.7%) $265,841 (10.3%) 0.00 740
    2018-08-01 $217,100 (14.6%) $264,905 (12.9%) 0.00 755
    2018-09-01 $214,998 (13.8%) $262,348 (12.4%) 0.00 763
    2018-10-01 $213,975 (12.8%) $261,808 (10.8%) 0.00 729
    2018-11-01 $214,400 (13.2%) $263,824 (11.9%) 0.00 659
    2018-12-01 $199,950 (8.1%) $258,314 (9.5%) 0.00 578
    2019-01-01 $206,000 (14.8%) $253,702 (5.9%) 0.00 521
    2019-02-01 $209,317 (16.4%) $255,893 (3.9%) 0.00 474
    2019-03-01 $213,869 (9.7%) $263,580 (3.5%) 0.00 446
    2019-04-01 $222,500 (8.6%) $273,077 (6.6%) 0.00 431
    2019-05-01 $233,500 (8.1%) $276,772 (6.5%) 0.00 507
    2019-06-01 $235,000 (7.3%) $279,831 (5.6%) 0.00 576
    2019-07-01 $239,675 (11.5%) $285,027 (7.2%) 0.00 614
    2019-08-01 $234,145 (7.9%) $283,939 (7.2%) 0.00 599
    2019-09-01 $226,189 (5.2%) $283,062 (7.9%) 0.00 581
    2019-10-01 $220,884 (3.2%) $282,795 (8.0%) 0.00 564
    2019-11-01 $219,000 (2.2%) $278,054 (5.4%) 0.00 527
    2019-12-01 $211,000 (5.5%) $273,483 (5.9%) 0.00 431
    2020-01-01 $210,500 (2.2%) $273,408 (7.8%) 0.00 379
    2020-02-01 $211,000 (0.8%) $273,880 (7.0%) 0.00 344
    2020-03-01 $242,450 (13.4%) $302,395 (14.7%) 0.00 323
    2020-04-01 $244,925 (10.1%) $291,589 (6.8%) 0.00 327
    2020-05-01 $235,000 (0.6%) $284,975 (3.0%) 0.00 314
    2020-06-01 $254,250 (8.2%) $300,109 (7.3%) 0.00 311
    2020-07-01 $274,975 (14.7%) $325,044 (14.0%) 0.00 311
    2020-08-01 $269,000 (14.9%) $333,622 (17.5%) 0.00 275
    2020-09-01 $273,950 (21.1%) $342,894 (21.1%) 0.00 264
    2020-10-01 $268,500 (21.6%) $356,256 (26.0%) 0.00 275
    2020-11-01 $295,000 (34.7%) $365,457 (31.4%) 0.00 256
    2020-12-01 $311,250 (47.5%) $379,004 (38.6%) 0.00 217
    2021-01-01 $319,900 (52.0%) $389,834 (42.6%) 0.00 174
    2021-02-01 $304,950 (44.5%) $396,506 (44.8%) 0.00 143
    2021-03-01 $310,000 (27.9%) $380,113 (25.7%) 0.00 126
    2021-04-01 $285,972 (16.8%) $396,737 (36.1%) 0.00 128
    2021-05-01 $319,950 (36.2%) $392,457 (37.7%) 0.00 147
    2021-06-01 $320,000 (25.9%) $381,601 (27.2%) 0.00 204
    2021-07-01 $295,000 (7.3%) $360,006 (10.8%) 0.00 253
    2021-08-01 $295,000 (9.7%) $367,449 (10.1%) 0.00 279
    2021-09-01 $284,450 (3.8%) $367,284 (7.1%) 0.00 274
    2021-10-01 $279,450 (4.1%) $367,501 (3.2%) 0.00 239
    2021-11-01 $287,000 (-2.7%) $393,810 (7.8%) 0.00 185
    2021-12-01 $292,000 (-6.2%) $388,344 (2.5%) 0.00 166
    2022-01-01 $299,000 (-6.5%) $407,748 (4.6%) 0.00 113
    2022-02-01 $315,000 (3.3%) $408,056 (2.9%) 0.00 89
    2022-03-01 $330,000 (6.5%) $444,928 (17.1%) 0.00 94
    2022-04-01 $320,000 (11.9%) $448,191 (13.0%) 0.00 100
    2022-05-01 $318,725 (-0.4%) $441,762 (12.6%) 0.00 123
    2022-06-01 $328,725 (2.7%) $443,603 (16.3%) 0.00 178
    2022-07-01 $349,000 (18.3%) $452,611 (25.7%) 0.00 251
    2022-08-01 $349,000 (18.3%) $452,748 (23.2%) 0.00 248
    2022-09-01 $344,000 (20.9%) $431,094 (17.4%) 0.00 239
    2022-10-01 $347,000 (24.2%) $434,065 (18.1%) 0.00 249
    2022-11-01 $339,000 (18.1%) $434,793 (10.4%) 0.00 242
    2022-12-01 $340,000 (16.4%) $439,965 (13.3%) 0.00 210
    2023-01-01 $320,000 (7.0%) $413,728 (1.5%) 0.00 162
    2023-02-01 $339,725 (7.9%) $417,754 (2.4%) 0.00 126
    2023-03-01 $375,000 (13.6%) $466,912 (4.9%) 0.00 117
    2023-04-01 $389,999 (21.9%) $498,392 (11.2%) 0.00 122
    2023-05-01 $410,925 (28.9%) $524,725 (18.8%) 0.00 131
    2023-06-01 $418,725 (27.4%) $547,502 (23.4%) 0.00 152
    2023-07-01 $399,900 (14.6%) $530,844 (17.3%) 0.00 196
    2023-08-01 $402,175 (15.2%) $521,997 (15.3%) 0.00 223
    2023-09-01 $399,000 (16.0%) $517,683 (20.1%) 0.00 232
    2023-10-01 $386,250 (11.3%) $484,244 (11.6%) 0.00 234
    2023-11-01 $375,000 (10.6%) $461,642 (6.2%) 0.00 228
    2023-12-01 $385,000 (13.2%) $470,631 (7.0%) 0.00 204
    2024-01-01 $395,000 (23.4%) $462,231 (11.7%) 0.00 174
    2024-02-01 $394,000 (16.0%) $439,392 (5.2%) 0.00 154
    2024-03-01 $399,900 (6.6%) $455,317 (-2.5%) 0.00 134
    Augusta's median listing price for 2024-03-01 was $399,900, a difference of $24,900 (6.6%) versus the prior year and $5,900 versus the prior month.

    Augusta's median listing price comes in at 0% of the national average.

    Augusta's average listing price for 2024-03-01 was $455,317, a difference of $-11,595 (-2.5%) versus the prior year and $15,925 versus the prior month.

    For the 2024-03-01 period, Augusta had 134 MLS listings, a difference of -20 listings (-13%) versus the prior month and 17 listings (15%) 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 0 days 1,678 sqft
    2018-02-01 0 days 1,683 sqft
    2018-03-01 0 days 1,704 sqft
    2018-04-01 0 days 1,733 sqft
    2018-05-01 0 days 1,734 sqft
    2018-06-01 0 days 1,750 sqft
    2018-07-01 0 days 1,793 sqft
    2018-08-01 0 days 1,791 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,792 sqft
    2019-01-01 0 days 1,796 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,800 sqft
    2019-04-01 0 days 1,800 sqft
    2019-05-01 0 days 1,800 sqft
    2019-06-01 0 days 1,785 sqft
    2019-07-01 0 days 1,795 sqft
    2019-08-01 0 days 1,786 sqft
    2019-09-01 0 days 1,774 sqft
    2019-10-01 0 days 1,765 sqft
    2019-11-01 0 days 1,782 sqft
    2019-12-01 0 days 1,746 sqft
    2020-01-01 0 days 1,726 sqft
    2020-02-01 0 days 1,727 sqft
    2020-03-01 0 days 1,792 sqft
    2020-04-01 0 days 1,742 sqft
    2020-05-01 0 days 1,677 sqft
    2020-06-01 0 days 1,716 sqft
    2020-07-01 0 days 1,800 sqft
    2020-08-01 0 days 1,855 sqft
    2020-09-01 0 days 1,850 sqft
    2020-10-01 0 days 1,860 sqft
    2020-11-01 0 days 1,853 sqft
    2020-12-01 0 days 1,812 sqft
    2021-01-01 0 days 1,786 sqft
    2021-02-01 0 days 1,768 sqft
    2021-03-01 0 days 1,786 sqft
    2021-04-01 0 days 1,717 sqft
    2021-05-01 0 days 1,657 sqft
    2021-06-01 0 days 1,672 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,632 sqft
    2021-09-01 0 days 1,597 sqft
    2021-10-01 0 days 1,565 sqft
    2021-11-01 0 days 1,563 sqft
    2021-12-01 0 days 1,599 sqft
    2022-01-01 0 days 1,594 sqft
    2022-02-01 0 days 1,645 sqft
    2022-03-01 0 days 1,653 sqft
    2022-04-01 0 days 1,676 sqft
    2022-05-01 0 days 1,696 sqft
    2022-06-01 0 days 1,741 sqft
    2022-07-01 0 days 1,764 sqft
    2022-08-01 0 days 1,781 sqft
    2022-09-01 0 days 1,755 sqft
    2022-10-01 0 days 1,759 sqft
    2022-11-01 0 days 1,727 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,702 sqft
    2023-02-01 0 days 1,734 sqft
    2023-03-01 0 days 1,755 sqft
    2023-04-01 0 days 1,775 sqft
    2023-05-01 0 days 1,788 sqft
    2023-06-01 0 days 1,828 sqft
    2023-07-01 0 days 1,728 sqft
    2023-08-01 0 days 1,711 sqft
    2023-09-01 0 days 1,704 sqft
    2023-10-01 0 days 1,628 sqft
    2023-11-01 0 days 1,709 sqft
    2023-12-01 0 days 1,786 sqft
    2024-01-01 0 days 1,741 sqft
    2024-02-01 0 days 1,707 sqft
    2024-03-01 0 days 1,632 sqft
    Augusta's median listing age (time on market) for 2024-03-01 was 0 days.

    Augusta's median square footage for active listings during the 2024-03-01 period was 1,632 sqft. One year prior, the average listing was 1,755 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.