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 41 lenders originated 240 VA loans during 2024. The total origination value was $77,220,000, with an average VA loan value of $321,750.

    Augusta VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Augusta averaged 6.24% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Augusta's average VA mortgage closing costs are $5,402.

    The average rate for the prior week (2025-03-28) was 6.76% and one month ago for the week of 2025-02-28, the average rate was 6.54%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.42%.

    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 50 6.41% $4,645
    GUILD MORTGAGE COMPANY 23 6.46% $6,842
    UNITED WHOLESALE MORTGAGE, LLC 17 5.81% $5,091
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.15% $7,277
    QUICKEN LOANS, LLC 13 6.29% $11,426
    CMG MORTGAGE, INC. 11 6.11% $9,282
    FREEDOM MORTGAGE CORPORATION 11 6.49% $9,245
    NEW DAY FINANCIAL, LLC 10 7.58% $11,976
    NAVY FEDERAL CREDIT UNION 8 6.00% $6,624
    Mr. Cooper ( Nationstar Mortgage ) 8 6.05% $5,963
    NEWREZ LLC 8 6.08% $8,044
    NORTHPOINT MORTGAGE, INC. 6 6.18% $11,947
    PENNYMAC LOAN SERVICES, LLC 5 5.60% $7,228
    LAKEVIEW LOAN SERVICING, LLC 4 5.71% $6,270
    HARBORONE MORTGAGE, LLC 4 6.78% $7,442
    CUSO MORTGAGE CORPORATION 4 5.88% $6,785
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.42% $6,092
    LOANDEPOT.COM, LLC 3 5.79% $11,081
    The Camden National Bank 3 5.69% $7,625
    GUARANTEED RATE, INC. 3 5.71% $9,161
    The Federal Savings Bank 2 6.25% $10,014
    BROKER SOLUTIONS, INC. 2 6.75% $6,312
    CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $9,661
    USAA Federal Savings Bank 2 6.38% $2,968
    ZILLOW HOME LOANS, LLC 1 6.13% $8,081
    Bangor Savings Bank 1 5.45% $3,412
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $7,778
    Cornerstone First Mortgage, Inc 1 5.13% $19,277
    DAS Acquisition Company, LLC 1 5.75% $6,691
    Flagstar Bank, FSB 1 4.88% $3,057
    Magnolia Bank 1 6.13% $13,024
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $11,774
    MOVEMENT MORTGAGE, LLC 1 6.75% $4,537
    Paramount Residential Mortgage Group, Inc. 1 5.75% $11,084
    PHH Mortgage Corporation 1 5.13% $4,610
    SFMC, LP 1 6.25% $11,368
    T2 FINANCIAL LLC 1 7.25% $8,342
    TOTAL MORTGAGE SERVICES, LLC 1 7.75% $11,675
    U.S. Bank 1 6.13% $3,867
    VILLAGE CAPITAL MORTGAGE 1 5.75% $5,397
    AMERISAVE MORTGAGE CORPORATION 1 5.13% $24,497

    The top Augusta VA lender as defined by loan originations is Mortgage Research Center, LLC, with 50 VA loans originated. Their average total fees are $4,645, which is $2,197 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 ($4,645), UNITED WHOLESALE MORTGAGE, LLC ($5,091), GUILD MORTGAGE COMPANY ($6,842), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,277) and FREEDOM MORTGAGE CORPORATION ($9,245).

    The lowest rate Augusta VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.81%), CMG MORTGAGE, INC. (6.11%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.15%), QUICKEN LOANS, LLC (6.29%) and Mortgage Research Center, LLC (6.41%).

    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 (9.8%) $239,658 (15.1%) 0.00 554
    2018-02-01 $179,900 (7.9%) $246,339 (17.5%) 0.00 520
    2018-03-01 $194,900 (13.5%) $254,778 (19.8%) 0.00 503
    2018-04-01 $204,975 (13.9%) $256,095 (14.8%) 0.00 512
    2018-05-01 $215,950 (14.0%) $259,893 (10.1%) 0.00 593
    2018-06-01 $219,000 (12.7%) $264,993 (10.4%) 0.00 698
    2018-07-01 $215,000 (10.3%) $265,841 (10.3%) 0.00 740
    2018-08-01 $217,100 (14.5%) $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%) $393,846 (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%) $449,663 (13.3%) 0.00 100
    2022-05-01 $320,950 (0.3%) $443,287 (13.0%) 0.00 124
    2022-06-01 $330,000 (3.1%) $444,293 (16.4%) 0.00 179
    2022-07-01 $349,000 (18.3%) $452,944 (25.8%) 0.00 252
    2022-08-01 $349,000 (18.3%) $453,092 (23.3%) 0.00 249
    2022-09-01 $344,000 (20.9%) $431,212 (17.4%) 0.00 240
    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 (10.8%) 0.00 122
    2023-05-01 $410,925 (28.0%) $524,725 (18.4%) 0.00 131
    2023-06-01 $418,725 (26.9%) $547,502 (23.2%) 0.00 152
    2023-07-01 $399,900 (14.6%) $530,844 (17.2%) 0.00 196
    2023-08-01 $402,175 (15.2%) $521,997 (15.2%) 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
    2024-04-01 $388,500 (-0.4%) $460,901 (-7.5%) 0.00 147
    2024-05-01 $392,475 (-4.5%) $466,190 (-11.2%) 0.00 185
    2024-06-01 $400,000 (-4.5%) $489,131 (-10.7%) 0.00 235
    2024-07-01 $409,675 (2.4%) $520,314 (-2.0%) 0.00 282
    2024-08-01 $405,000 (0.7%) $527,988 (1.2%) 0.00 288
    2024-09-01 $441,500 (10.7%) $549,169 (6.1%) 0.00 310
    2024-10-01 $430,575 (11.5%) $541,264 (11.8%) 0.00 330
    2024-11-01 $404,500 (7.9%) $524,843 (13.7%) 0.00 326
    2024-12-01 $437,200 (13.6%) $539,368 (14.6%) 0.00 260
    2025-01-01 $428,225 (8.4%) $515,832 (11.6%) 0.00 233
    2025-02-01 $450,000 (14.2%) $536,296 (22.1%) 0.00 211
    2025-03-01 $449,900 (12.5%) $524,889 (15.3%) 0.00 188
    Augusta's median listing price for 2025-03-01 was $449,900, a difference of $50,000 (12.5%) versus the prior year and $-100 versus the prior month.

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

    Augusta's average listing price for 2025-03-01 was $524,889, a difference of $69,572 (15.3%) versus the prior year and $-11,407 versus the prior month.

    For the 2025-03-01 period, Augusta had 188 MLS listings, a difference of -23 listings (-11%) versus the prior month and 54 listings (40%) 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 1,565 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 1,666 sqft
    2022-05-01 0 days 1,692 sqft
    2022-06-01 0 days 1,737 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 1,818 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 1,735 sqft
    2024-02-01 0 days 1,707 sqft
    2024-03-01 0 days 1,632 sqft
    2024-04-01 0 days 1,689 sqft
    2024-05-01 0 days 1,679 sqft
    2024-06-01 0 days 1,630 sqft
    2024-07-01 0 days 1,639 sqft
    2024-08-01 0 days 1,766 sqft
    2024-09-01 0 days 1,832 sqft
    2024-10-01 0 days 1,783 sqft
    2024-11-01 0 days 1,733 sqft
    2024-12-01 0 days 1,745 sqft
    2025-01-01 0 days 1,698 sqft
    2025-02-01 0 days 1,734 sqft
    2025-03-01 0 days 1,689 sqft
    Augusta's median listing age (time on market) for 2025-03-01 was 0 days.

    Augusta's median square footage for active listings during the 2025-03-01 period was 1,689 sqft. One year prior, the average listing was 1,632 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.