Bainbridge VA Loan Rates, Closing Costs & Stats

Bainbridge, GA

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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.

    Bainbridge's 13 lenders originated 29 VA loans during 2023. The total origination value was $7,095,000, with an average VA loan value of $244,655.

    Bainbridge VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bainbridge averaged 6.55% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

    Bainbridge's average VA mortgage closing costs are $4,766.

    The average rate for the prior week (2024-04-05) was 6.4% and one month ago for the week of 2024-03-08, the average rate was 6.33%.

    The average rate one year ago was 5.72%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.77%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Bainbridge 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 Bainbridge level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.89% $4,043
    DHI MORTGAGE COMPANY, LTD. 3 5.58% $2,598
    UNITED WHOLESALE MORTGAGE, LLC 3 6.50% $7,300
    QUICKEN LOANS, LLC 2 6.31% $14,890
    USAA Federal Savings Bank 2 6.44% $3,372
    HOMESTAR FINANCIAL CORPORATION 2 6.00% $6,827
    Mr. Cooper ( Nationstar Mortgage ) 1 5.13% $14,631
    NAVY FEDERAL CREDIT UNION 1 6.00% $3,405
    NEWREZ LLC 1 6.75% $13,498
    FREEDOM MORTGAGE CORPORATION 1 6.75% $4,975
    Florida Capital Bank 1 6.25% $6,388
    LOANDEPOT.COM, LLC 1 7.25% $2,996
    ENVOY MORTGAGE, LTD 1 5.75% $7,066

    The top Bainbridge VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $4,043, which is $1,445 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Bainbridge VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,043), .

    The lowest rate Bainbridge VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.89%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bainbridge (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 $162,950 (12.0%) $187,450 (6.9%) 0.00 103
    2018-02-01 $159,100 (8.8%) $177,249 (4.0%) 0.00 101
    2018-03-01 $154,900 (8.1%) $173,369 (11.8%) 0.00 105
    2018-04-01 $159,250 (10.9%) $186,596 (18.6%) 0.00 109
    2018-05-01 $162,450 (16.1%) $191,367 (17.8%) 0.00 111
    2018-06-01 $165,000 (14.8%) $192,523 (15.6%) 0.00 111
    2018-07-01 $165,000 (14.2%) $207,780 (23.4%) 0.00 114
    2018-08-01 $166,075 (14.5%) $205,578 (23.9%) 0.00 114
    2018-09-01 $169,900 (16.4%) $214,567 (24.5%) 0.00 113
    2018-10-01 $161,500 (7.7%) $209,263 (19.1%) 0.00 120
    2018-11-01 $165,000 (4.4%) $219,265 (20.2%) 0.00 101
    2018-12-01 $174,900 (7.0%) $224,511 (17.5%) 0.00 96
    2019-01-01 $174,375 (7.0%) $224,773 (19.9%) 0.00 79
    2019-02-01 $172,275 (8.3%) $229,307 (29.4%) 0.00 72
    2019-03-01 $172,100 (11.1%) $229,194 (32.2%) 0.00 66
    2019-04-01 $176,175 (10.6%) $232,113 (24.4%) 0.00 65
    2019-05-01 $180,550 (11.1%) $249,853 (30.6%) 0.00 58
    2019-06-01 $174,900 (6.0%) $239,124 (24.2%) 0.00 57
    2019-07-01 $174,900 (6.0%) $226,105 (8.8%) 0.00 66
    2019-08-01 $176,973 (6.6%) $231,391 (12.6%) 0.00 66
    2019-09-01 $180,082 (6.0%) $238,038 (10.9%) 0.00 64
    2019-10-01 $182,155 (12.8%) $241,421 (15.4%) 0.00 65
    2019-11-01 $181,250 (9.9%) $241,573 (10.2%) 0.00 64
    2019-12-01 $186,550 (6.7%) $244,071 (8.7%) 0.00 66
    2020-01-01 $199,900 (14.6%) $266,658 (18.6%) 0.00 79
    2020-02-01 $218,000 (26.5%) $258,879 (12.9%) 0.00 64
    2020-03-01 $188,425 (9.5%) $221,798 (-3.2%) 0.00 69
    2020-04-01 $178,675 (1.4%) $208,673 (-10.1%) 0.00 71
    2020-05-01 $191,700 (6.2%) $218,308 (-12.6%) 0.00 61
    2020-06-01 $189,200 (8.2%) $212,149 (-11.3%) 0.00 59
    2020-07-01 $183,650 (5.0%) $207,052 (-8.4%) 0.00 53
    2020-08-01 $214,950 (21.5%) $240,283 (3.8%) 0.00 44
    2020-09-01 $222,225 (23.4%) $247,433 (4.0%) 0.00 47
    2020-10-01 $235,000 (29.0%) $266,267 (10.3%) 0.00 53
    2020-11-01 $234,450 (29.4%) $275,893 (14.2%) 0.00 51
    2020-12-01 $233,450 (25.1%) $273,357 (12.0%) 0.00 50
    2021-01-01 $242,000 (21.1%) $279,776 (4.9%) 0.00 46
    2021-02-01 $233,000 (6.9%) $283,252 (9.4%) 0.00 49
    2021-03-01 $249,675 (32.5%) $282,034 (27.2%) 0.00 40
    2021-04-01 $238,000 (33.2%) $248,696 (19.2%) 0.00 39
    2021-05-01 $230,000 (20.0%) $231,222 (5.9%) 0.00 40
    2021-06-01 $209,907 (10.9%) $224,042 (5.6%) 0.00 33
    2021-07-01 $230,000 (25.2%) $254,543 (22.9%) 0.00 34
    2021-08-01 $246,250 (14.6%) $286,614 (19.3%) 0.00 35
    2021-09-01 $258,125 (16.2%) $333,949 (35.0%) 0.00 29
    2021-10-01 $269,250 (14.6%) $303,061 (13.8%) 0.00 34
    2021-11-01 $265,625 (13.3%) $312,216 (13.2%) 0.00 36
    2021-12-01 $223,425 (-4.3%) $306,423 (12.1%) 0.00 38
    2022-01-01 $267,200 (10.4%) $311,910 (11.5%) 0.00 30
    2022-02-01 $284,500 (22.1%) $313,894 (10.8%) 0.00 28
    2022-03-01 $229,975 (-7.9%) $301,090 (6.8%) 0.00 31
    2022-04-01 $277,000 (16.4%) $309,376 (24.4%) 0.00 34
    2022-05-01 $277,250 (20.5%) $332,557 (43.8%) 0.00 33
    2022-06-01 $279,900 (33.3%) $336,378 (50.1%) 0.00 39
    2022-07-01 $299,950 (30.4%) $348,226 (36.8%) 0.00 49
    2022-08-01 $349,000 (41.7%) $382,278 (33.4%) 0.00 47
    2022-09-01 $357,000 (38.3%) $373,868 (12.0%) 0.00 51
    2022-10-01 $315,000 (17.0%) $367,032 (21.1%) 0.00 53
    2022-11-01 $284,725 (7.2%) $346,115 (10.9%) 0.00 53
    2022-12-01 $272,450 (21.9%) $313,036 (2.2%) 0.00 55
    2023-01-01 $265,950 (-0.5%) $293,486 (-5.9%) 0.00 48
    2023-02-01 $264,675 (-7.0%) $312,211 (-0.5%) 0.00 52
    2023-03-01 $285,450 (24.1%) $335,545 (11.4%) 0.00 45
    2023-04-01 $262,250 (-5.3%) $325,018 (5.1%) 0.00 57
    2023-05-01 $279,225 (0.7%) $347,539 (4.5%) 0.00 53
    2023-06-01 $294,250 (5.1%) $352,866 (4.9%) 0.00 55
    2023-07-01 $279,450 (-6.8%) $353,712 (1.6%) 0.00 54
    2023-08-01 $334,925 (-4.0%) $379,620 (-0.7%) 0.00 52
    2023-09-01 $319,950 (-10.4%) $355,346 (-5.0%) 0.00 51
    2023-10-01 $318,125 (1.0%) $377,394 (2.8%) 0.00 50
    2023-11-01 $307,500 (8.0%) $361,099 (4.3%) 0.00 55
    2023-12-01 $304,500 (11.8%) $336,294 (7.4%) 0.00 51
    2024-01-01 $299,000 (12.4%) $311,662 (6.2%) 0.00 62
    2024-02-01 $291,950 (10.3%) $300,313 (-3.8%) 0.00 63
    2024-03-01 $254,950 (-10.7%) $283,700 (-15.5%) 0.00 56
    Bainbridge's median listing price for 2024-03-01 was $254,950, a difference of $-30,500 (-10.7%) versus the prior year and $-37,000 versus the prior month.

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

    Bainbridge's average listing price for 2024-03-01 was $283,700, a difference of $-51,845 (-15.5%) versus the prior year and $-16,613 versus the prior month.

    For the 2024-03-01 period, Bainbridge had 56 MLS listings, a difference of -7 listings (-11%) versus the prior month and 11 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bainbridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,966 sqft
    2018-02-01 0 days 1,949 sqft
    2018-03-01 0 days 1,880 sqft
    2018-04-01 0 days 1,931 sqft
    2018-05-01 0 days 1,936 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 2,089 sqft
    2018-08-01 0 days 2,039 sqft
    2018-09-01 0 days 1,994 sqft
    2018-10-01 0 days 1,964 sqft
    2018-11-01 0 days 1,981 sqft
    2018-12-01 0 days 1,977 sqft
    2019-01-01 0 days 1,961 sqft
    2019-02-01 0 days 2,000 sqft
    2019-03-01 0 days 2,020 sqft
    2019-04-01 0 days 2,081 sqft
    2019-05-01 0 days 2,195 sqft
    2019-06-01 0 days 2,188 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 2,086 sqft
    2019-09-01 0 days 2,214 sqft
    2019-10-01 0 days 2,236 sqft
    2019-11-01 0 days 2,134 sqft
    2019-12-01 0 days 2,107 sqft
    2020-01-01 0 days 2,257 sqft
    2020-02-01 0 days 2,326 sqft
    2020-03-01 0 days 2,057 sqft
    2020-04-01 0 days 2,040 sqft
    2020-05-01 0 days 2,031 sqft
    2020-06-01 0 days 2,049 sqft
    2020-07-01 0 days 2,000 sqft
    2020-08-01 0 days 2,252 sqft
    2020-09-01 0 days 2,239 sqft
    2020-10-01 0 days 2,263 sqft
    2020-11-01 0 days 2,397 sqft
    2020-12-01 0 days 2,373 sqft
    2021-01-01 0 days 2,376 sqft
    2021-02-01 0 days 2,239 sqft
    2021-03-01 0 days 2,150 sqft
    2021-04-01 0 days 1,952 sqft
    2021-05-01 0 days 1,855 sqft
    2021-06-01 0 days 1,806 sqft
    2021-07-01 0 days 1,873 sqft
    2021-08-01 0 days 1,958 sqft
    2021-09-01 0 days 2,295 sqft
    2021-10-01 0 days 1,994 sqft
    2021-11-01 0 days 2,222 sqft
    2021-12-01 0 days 2,155 sqft
    2022-01-01 0 days 2,183 sqft
    2022-02-01 0 days 2,166 sqft
    2022-03-01 0 days 1,891 sqft
    2022-04-01 0 days 2,048 sqft
    2022-05-01 0 days 2,060 sqft
    2022-06-01 0 days 1,929 sqft
    2022-07-01 0 days 2,128 sqft
    2022-08-01 0 days 2,189 sqft
    2022-09-01 0 days 2,188 sqft
    2022-10-01 0 days 2,128 sqft
    2022-11-01 0 days 1,965 sqft
    2022-12-01 0 days 1,892 sqft
    2023-01-01 0 days 1,883 sqft
    2023-02-01 0 days 1,907 sqft
    2023-03-01 0 days 1,955 sqft
    2023-04-01 0 days 1,806 sqft
    2023-05-01 0 days 2,016 sqft
    2023-06-01 0 days 2,164 sqft
    2023-07-01 0 days 2,012 sqft
    2023-08-01 0 days 2,136 sqft
    2023-09-01 0 days 2,374 sqft
    2023-10-01 0 days 2,282 sqft
    2023-11-01 0 days 2,327 sqft
    2023-12-01 0 days 2,182 sqft
    2024-01-01 0 days 1,995 sqft
    2024-02-01 0 days 2,003 sqft
    2024-03-01 0 days 1,921 sqft
    Bainbridge's median listing age (time on market) for 2024-03-01 was 0 days.

    Bainbridge's median square footage for active listings during the 2024-03-01 period was 1,921 sqft. One year prior, the average listing was 1,955 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.