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 0.28% 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 $5,402.

    The average rate for the prior week (2025-06-13) was 6.63% and one month ago for the week of 2025-05-16, the average rate was 6.89%.

    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 0.06%.

    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%).

    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.