Augusta VA Loan Rates, Closing Costs & Stats

Augusta-Waterville, ME

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 6.84% for the week of 2024-05-17, compared to the national average (all VA variants) of 6.502% for the same period.

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

The average rate for the prior week (2024-05-10) was 7.05% and one month ago for the week of 2024-04-12, the average rate was 6.83%.

The average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.5%.

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
2024-04-01 $388,500 (-0.4%) $460,901 (-7.5%) 0.00 147
Augusta's median listing price for 2024-04-01 was $388,500, a difference of $-1,499 (-0.4%) versus the prior year and $-11,400 versus the prior month.

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

Augusta's average listing price for 2024-04-01 was $460,901, a difference of $-37,491 (-7.5%) versus the prior year and $5,584 versus the prior month.

For the 2024-04-01 period, Augusta had 147 MLS listings, a difference of 13 listings (10%) versus the prior month and 25 listings (20%) 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
2024-04-01 0 days 1,689 sqft
Augusta's median listing age (time on market) for 2024-04-01 was 0 days.

Augusta's median square footage for active listings during the 2024-04-01 period was 1,689 sqft. One year prior, the average listing was 1,775 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.