Birmingham VA Loan Rates, Closing Costs & Stats

BIRMINGHAM-HOOVER, AL

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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.

    Birmingham's 139 lenders originated 1,832 VA loans during 2024. The total origination value was $584,120,000, with an average VA loan value of $318,843.

    Birmingham VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Birmingham averaged 6.93% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Birmingham's average VA mortgage closing costs are $5,869.

    The average rate for the prior week (2025-05-16) was 6.62% and one month ago for the week of 2025-04-18, the average rate was 6.89%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.76%.

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

    Birmingham 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 Birmingham level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 263 6.44% $4,485
    UNITED WHOLESALE MORTGAGE, LLC 181 5.96% $7,490
    QUICKEN LOANS, LLC 105 6.11% $10,856
    FREEDOM MORTGAGE CORPORATION 98 6.20% $7,916
    PENNYMAC LOAN SERVICES, LLC 65 5.58% $6,924
    DHI MORTGAGE COMPANY, LTD. 62 4.86% $5,138
    NAVY FEDERAL CREDIT UNION 42 5.92% $4,942
    NEW DAY FINANCIAL, LLC 39 7.67% $10,695
    VILLAGE CAPITAL MORTGAGE 35 5.76% $6,474
    USAA Federal Savings Bank 34 6.24% $7,482
    NEWREZ LLC 34 5.98% $8,219
    FBC MORTGAGE, LLC 34 5.79% $9,724
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 6.42% $6,361
    GUILD MORTGAGE COMPANY 32 6.07% $7,874
    LOANDEPOT.COM, LLC 28 6.38% $9,427
    Prosperity Home Mortgage, LLC 28 6.21% $7,945
    MOVEMENT MORTGAGE, LLC 27 6.52% $8,034
    STOCKTON MORTGAGE CORPORATION 25 6.11% $10,056
    The Federal Savings Bank 22 6.30% $15,204
    CANOPY MORTGAGE, LLC 22 6.22% $17,122
    CLEARPATH LENDING 20 5.69% $6,276
    SouthPoint Bank 20 6.35% $6,626
    MORTGAGE SOLUTIONS OF COLORADO, LLC 20 7.25% $2,828
    FirstBank 20 6.33% $4,163
    South State Bank 19 6.30% $4,509
    UNION HOME MORTGAGE CORP. 16 6.12% $7,950
    Regions Bank 16 5.96% $8,113
    Mr. Cooper ( Nationstar Mortgage ) 14 6.32% $5,897
    The Loan Store, Inc. 14 6.08% $6,802
    BROKER SOLUTIONS, INC. 12 6.27% $10,043
    PLANET HOME LENDING, LLC 12 5.84% $3,280
    Magnolia Bank 11 5.91% $12,916
    GUARANTEED RATE, INC. 10 6.45% $3,750
    Ameris Bank 10 6.23% $8,678
    Bank of England 8 6.09% $6,529
    Renasant Bank 8 6.28% $7,216
    CROSSCOUNTRY MORTGAGE, LLC 8 6.67% $8,197
    CMG MORTGAGE, INC. 8 6.02% $7,720
    LAKEVIEW LOAN SERVICING, LLC 8 5.75% $4,107
    HUNT MORTGAGE CORPORATION 7 6.32% $8,735
    Lakeview Community Capital, LLC 7 5.45% $5,547
    TJC Mortgage, Inc. 7 6.16% $10,480
    Carrington Mortgage Services, LLC 7 5.73% $8,025
    GMFS LLC 7 6.34% $7,015
    Hamilton Mortgage Corporation 6 6.73% $4,803
    Cornerstone First Mortgage, Inc 6 6.92% $7,465
    FIRST COMMUNITY MORTGAGE, INC. 6 5.96% $12,062
    First Federal Bank 6 5.85% $6,737
    First Federal Bank, A FSB 6 6.08% $9,778
    LEADERONE FINANCIAL CORPORATION 6 6.52% $10,484
    NBKC BANK 6 6.13% $5,397
    PLAZA HOME MORTGAGE, INC. 6 7.00% $6,867
    Equity Prime Mortgage LLC 5 7.50% $10,147
    Trustmark National Bank 5 6.35% $6,178
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.45% $8,208
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.60% $8,071
    AVADIAN 5 6.42% $7,670
    Barrington Bank & Trust Company, N.A. 5 6.25% $6,445
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.50% $20,017
    Synovus Bank 4 5.94% $6,494
    Credence Funding Corporation 4 5.78% $6,629
    CARDINAL FINANCIAL 4 6.81% $4,912
    BancorpSouth 4 6.16% $6,064
    SUN WEST MORTGAGE COMPANY, INC. 4 6.30% $11,669
    AmeriHome Mortgage Company, LLC 4 5.78% $5,151
    THE MORTGAGE FIRM, INC. 4 6.53% $2,958
    VANDERBILT MORTGAGE AND FINANCE, INC. 4 5.81% $11,236
    Flagstar Bank, FSB 4 6.18% $3,106
    Princeton Mortgage Corporation 3 6.71% $6,127
    PENTAGON FEDERAL CREDIT UNION 3 6.04% $2,187
    CHURCHILL MORTGAGE CORPORATION 3 6.67% $13,640
    Mid-Continent Funding, Inc. 3 5.88% $4,197
    MILEND, INC. 3 6.75% $9,592
    MORIA DEVELOPMENT, INC. 3 6.04% $9,371
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.33% $5,355
    AMERICAN FINANCIAL NETWORK, INC. 3 6.42% $2,073
    FIRST COLONY MORTGAGE CORPORATION 3 6.13% $8,530
    AMERISAVE MORTGAGE CORPORATION 3 6.17% $13,233
    SUCCESS MORTGAGE PARTNERS, INC. 3 5.75% $7,376
    Assurance Financial Group, L.L.C. 3 7.08% $6,541
    INSPIRE HOME LOANS INC. 3 5.71% $2,394
    Wells Fargo Bank 2 6.56% $7,122
    MORTGAGE INVESTORS GROUP, INC. 2 6.31% $4,936
    ENVOY MORTGAGE, LTD 2 6.06% $12,507
    Consumer First Mortgage, Inc. 2 6.06% $5,924
    Paramount Residential Mortgage Group, Inc. 2 6.44% $7,872
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.19% $4,184
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.56% $7,057
    U.S. Bank 2 6.25% $17,798
    First Horizon Bank 2 5.94% $12,353
    HOMESIDE FINANCIAL, LLC 2 6.81% $8,597
    ServisFirst Bank 2 6.06% $2,631
    Armed Forces Bank 2 5.19% $9,696
    SUMMIT FUNDING, INC. 2 7.00% $6,097
    Valley National Bank 2 6.37% $6,640
    TOWNE MORTGAGE COMPANY 2 5.94% $7,708
    Truist 2 6.00% $9,185
    Ixonia Bank 2 6.56% $17,542
    POLARIS HOME FUNDING CORP. 1 7.00% $13,342
    PREMIA MORTGAGE, LLC 1 5.13% $4,999
    MORTGAGE ACCESS CORP. 1 6.00% $4,416
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $14,828
    INTERCAP LENDING INC. 1 6.13% $3,206
    M&T Bank 1 6.25% $4,979
    UNITED MORTGAGE CORP 1 6.63% $5,860
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.38% $630
    RELIANCE FIRST CAPITAL, LLC 1 7.75% $16,848
    LOANPAL, LLC 1 6.25% $7,703
    Keystone Funding, Inc. 1 6.50% $36,254
    SKYONE Federal Credit Union 1 5.63% $2,968
    EMM LOANS LLC 1 6.50% $9,627
    MID AMERICA MORTGAGE, INC. 1 6.25% $3,432
    SOUTHWEST FUNDING, LP 1 6.75% $11,265
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $14,097
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $4,870
    Encompass Lending Group, LP 1 6.88% $3,561
    EVERETT FINANCIAL, INC. 1 7.75% $0
    MICHIGAN MUTUAL, INC. 1 6.13% $9,310
    ACOPIA, LLC 1 7.50% $1,155
    T2 FINANCIAL LLC 1 6.50% $600
    Texana Bank 1 7.38% $18,627
    ENDEAVOR CAPITAL, LLC. 1 6.63% $11,975
    GoPrime Mortgage, Inc. 1 6.63% $7,910
    GUARANTEED RATE AFFINITY, LLC 1 5.99% $8,036
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.13% $8,601
    INTERCOASTAL MORTGAGE COMPANY 1 5.63% $10,923
    University Bank 1 5.75% $14,765
    EVANSVILLE TEACHERS 1 6.63% $3,260
    NFM, INC. 1 7.38% $11,685
    North American Savings Bank, F.S.B. 1 6.13% $1,889
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,535
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $2,836
    LOANFLIGHT LENDING, LLC 1 6.13% $4,940
    Elements Financial Federal Credit Union 1 6.75% $1,693
    Nations Lending Corporation 1 5.75% $7,551
    Pinnacle Bank 1 6.13% $7,027
    Plains Commerce Bank 1 6.25% $5,643
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.49% $1,352
    ZILLOW HOME LOANS, LLC 1 6.63% $1,491

    The top Birmingham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 263 VA loans originated. Their average total fees are $4,485, which is $3,005 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Birmingham VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,828), PLANET HOME LENDING, LLC ($3,280), GUARANTEED RATE, INC. ($3,750), FirstBank ($4,163) and Mortgage Research Center, LLC ($4,485).

    The lowest rate Birmingham VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.86%), PENNYMAC LOAN SERVICES, LLC (5.58%), CLEARPATH LENDING (5.69%), VILLAGE CAPITAL MORTGAGE (5.76%) and FBC MORTGAGE, LLC (5.79%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Birmingham (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 $199,900 (5.9%) $268,518 (8.0%) 0.74 4,618
    2018-02-01 $204,800 (7.8%) $271,347 (6.6%) 0.74 4,521
    2018-03-01 $218,900 (9.5%) $284,975 (7.9%) 0.77 4,429
    2018-04-01 $228,528 (8.9%) $295,582 (8.6%) 0.77 4,503
    2018-05-01 $232,400 (8.1%) $303,020 (8.1%) 0.78 4,632
    2018-06-01 $230,000 (6.3%) $304,604 (8.3%) 0.77 4,715
    2018-07-01 $234,421 (9.1%) $302,223 (8.7%) 0.78 4,849
    2018-08-01 $234,280 (11.5%) $302,470 (9.9%) 0.78 4,919
    2018-09-01 $227,855 (8.6%) $301,041 (11.0%) 0.77 4,864
    2018-10-01 $222,888 (6.2%) $294,686 (7.6%) 0.75 4,825
    2018-11-01 $224,900 (9.7%) $298,673 (10.9%) 0.76 4,646
    2018-12-01 $225,000 (10.7%) $298,886 (11.9%) 0.78 4,329
    2019-01-01 $226,894 (13.5%) $297,592 (10.8%) 0.78 4,033
    2019-02-01 $236,950 (15.7%) $311,666 (14.9%) 0.80 3,969
    2019-03-01 $244,186 (11.6%) $321,527 (12.8%) 0.80 3,946
    2019-04-01 $252,400 (10.5%) $331,900 (12.3%) 0.80 3,956
    2019-05-01 $259,211 (11.5%) $334,511 (10.4%) 0.81 3,983
    2019-06-01 $259,900 (13.0%) $334,666 (9.9%) 0.81 4,196
    2019-07-01 $260,075 (10.9%) $333,956 (10.5%) 0.81 4,321
    2019-08-01 $262,809 (12.2%) $331,893 (9.7%) 0.83 4,319
    2019-09-01 $261,173 (14.6%) $329,260 (9.4%) 0.84 4,272
    2019-10-01 $259,900 (16.6%) $327,265 (11.1%) 0.84 4,210
    2019-11-01 $257,940 (14.7%) $324,216 (8.6%) 0.85 4,003
    2019-12-01 $249,900 (11.1%) $320,829 (7.3%) 0.83 3,688
    2020-01-01 $249,900 (10.1%) $322,296 (8.3%) 0.84 3,399
    2020-02-01 $256,278 (8.2%) $328,693 (5.5%) 0.84 3,376
    2020-03-01 $260,375 (6.6%) $338,719 (5.4%) 0.82 3,303
    2020-04-01 $260,000 (3.0%) $335,790 (1.2%) 0.81 3,361
    2020-05-01 $265,450 (2.4%) $347,834 (4.0%) 0.81 3,293
    2020-06-01 $272,933 (5.0%) $356,796 (6.6%) 0.80 3,115
    2020-07-01 $273,702 (5.2%) $355,346 (6.4%) 0.79 2,946
    2020-08-01 $269,950 (2.7%) $355,637 (7.2%) 0.77 2,791
    2020-09-01 $270,200 (3.5%) $354,987 (7.8%) 0.77 2,690
    2020-10-01 $259,650 (-0.1%) $347,497 (6.2%) 0.74 2,728
    2020-11-01 $256,448 (-0.6%) $343,730 (6.0%) 0.75 2,616
    2020-12-01 $255,575 (2.3%) $342,169 (6.7%) 0.76 2,413
    2021-01-01 $257,375 (3.0%) $341,038 (5.8%) 0.77 2,189
    2021-02-01 $259,400 (1.2%) $349,727 (6.4%) 0.76 1,835
    2021-03-01 $263,875 (1.3%) $363,247 (7.2%) 0.75 1,766
    2021-04-01 $275,052 (5.8%) $381,878 (13.7%) 0.74 1,666
    2021-05-01 $279,900 (5.4%) $384,020 (10.4%) 0.74 1,549
    2021-06-01 $272,500 (-0.2%) $372,022 (4.3%) 0.72 1,652
    2021-07-01 $269,900 (-1.4%) $364,039 (2.5%) 0.71 1,956
    2021-08-01 $272,500 (0.9%) $364,359 (2.5%) 0.73 2,058
    2021-09-01 $273,716 (1.3%) $366,924 (3.4%) 0.73 1,992
    2021-10-01 $282,700 (8.9%) $372,861 (7.3%) 0.75 1,940
    2021-11-01 $275,250 (7.3%) $371,925 (8.2%) 0.74 1,795
    2021-12-01 $271,556 (6.3%) $368,307 (7.6%) 0.74 1,665
    2022-01-01 $264,400 (2.7%) $360,956 (5.8%) 0.71 1,517
    2022-02-01 $259,000 (-0.2%) $366,644 (4.8%) 0.67 1,511
    2022-03-01 $260,725 (-1.2%) $371,431 (2.3%) 0.65 1,500
    2022-04-01 $275,000 (0.0%) $387,009 (1.3%) 0.66 1,590
    2022-05-01 $289,900 (3.6%) $401,213 (4.5%) 0.66 1,725
    2022-06-01 $295,075 (8.3%) $399,480 (7.4%) 0.66 2,057
    2022-07-01 $299,000 (10.8%) $389,957 (7.1%) 0.67 2,487
    2022-08-01 $285,560 (4.8%) $376,406 (3.3%) 0.66 2,600
    2022-09-01 $281,548 (2.9%) $369,702 (0.8%) 0.66 2,600
    2022-10-01 $279,900 (-1.0%) $368,719 (-1.1%) 0.66 2,786
    2022-11-01 $275,285 (0.0%) $361,653 (-2.8%) 0.66 2,905
    2022-12-01 $274,900 (1.2%) $358,231 (-2.7%) 0.68 2,791
    2023-01-01 $271,542 (2.7%) $358,663 (-0.6%) 0.67 2,601
    2023-02-01 $273,700 (5.7%) $362,620 (-1.1%) 0.66 2,455
    2023-03-01 $279,450 (7.2%) $370,556 (-0.2%) 0.66 2,435
    2023-04-01 $289,425 (5.3%) $383,475 (-0.9%) 0.67 2,383
    2023-05-01 $297,700 (2.7%) $396,014 (-1.3%) 0.68 2,410
    2023-06-01 $301,087 (2.0%) $397,473 (-0.5%) 0.68 2,519
    2023-07-01 $299,000 (0.0%) $389,864 (0.0%) 0.68 2,754
    2023-08-01 $297,250 (4.1%) $387,676 (3.0%) 0.68 2,894
    2023-09-01 $299,000 (6.2%) $380,455 (2.9%) 0.70 3,017
    2023-10-01 $294,950 (5.4%) $379,654 (3.0%) 0.69 3,216
    2023-11-01 $289,950 (5.3%) $379,770 (5.0%) 0.69 3,295
    2023-12-01 $286,500 (4.2%) $377,177 (5.3%) 0.70 3,177
    2024-01-01 $282,998 (4.2%) $371,741 (3.7%) 0.69 3,030
    2024-02-01 $284,269 (3.9%) $370,311 (2.1%) 0.68 3,069
    2024-03-01 $289,900 (3.7%) $378,476 (2.1%) 0.68 3,136
    2024-04-01 $295,371 (2.1%) $383,023 (-0.1%) 0.69 3,287
    2024-05-01 $299,900 (0.7%) $390,287 (-1.5%) 0.68 3,456
    2024-06-01 $300,000 (-0.4%) $392,852 (-1.2%) 0.68 3,565
    2024-07-01 $301,425 (0.8%) $390,525 (0.2%) 0.69 3,742
    2024-08-01 $300,000 (0.9%) $391,878 (1.1%) 0.70 3,799
    2024-09-01 $299,950 (0.3%) $390,248 (2.6%) 0.71 3,901
    2024-10-01 $299,900 (1.7%) $387,037 (1.9%) 0.71 3,991
    2024-11-01 $295,000 (1.7%) $383,034 (0.9%) 0.71 3,943
    2024-12-01 $287,950 (0.5%) $375,219 (-0.5%) 0.72 3,752
    2025-01-01 $284,925 (0.7%) $369,298 (-0.7%) 0.71 3,563
    2025-02-01 $285,000 (0.3%) $374,321 (1.1%) 0.69 3,598
    2025-03-01 $285,000 (-1.7%) $384,357 (1.6%) 0.67 3,707
    2025-04-01 $299,900 (1.5%) $393,467 (2.7%) 0.70 3,884
    Birmingham's median listing price for 2025-04-01 was $299,900, a difference of $4,529 (1.5%) versus the prior year and $14,900 versus the prior month.

    Birmingham's median listing price comes in at 70% of the national average.

    Birmingham's average listing price for 2025-04-01 was $393,467, a difference of $10,444 (2.7%) versus the prior year and $9,110 versus the prior month.

    For the 2025-04-01 period, Birmingham had 3,884 MLS listings, a difference of 177 listings (5%) versus the prior month and 597 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Birmingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 95 days 1,915 sqft
    2018-02-01 87 days 1,913 sqft
    2018-03-01 64 days 1,874 sqft
    2018-04-01 60 days 1,880 sqft
    2018-05-01 54 days 1,899 sqft
    2018-06-01 56 days 1,908 sqft
    2018-07-01 60 days 1,934 sqft
    2018-08-01 61 days 1,934 sqft
    2018-09-01 64 days 1,900 sqft
    2018-10-01 70 days 1,861 sqft
    2018-11-01 73 days 1,865 sqft
    2018-12-01 80 days 1,880 sqft
    2019-01-01 86 days 1,883 sqft
    2019-02-01 75 days 1,906 sqft
    2019-03-01 64 days 1,940 sqft
    2019-04-01 57 days 1,967 sqft
    2019-05-01 52 days 1,981 sqft
    2019-06-01 54 days 1,973 sqft
    2019-07-01 57 days 1,967 sqft
    2019-08-01 57 days 1,968 sqft
    2019-09-01 63 days 1,959 sqft
    2019-10-01 67 days 1,955 sqft
    2019-11-01 73 days 1,966 sqft
    2019-12-01 81 days 1,950 sqft
    2020-01-01 82 days 2,001 sqft
    2020-02-01 69 days 2,111 sqft
    2020-03-01 59 days 2,142 sqft
    2020-04-01 61 days 2,129 sqft
    2020-05-01 64 days 2,125 sqft
    2020-06-01 61 days 2,127 sqft
    2020-07-01 58 days 2,153 sqft
    2020-08-01 54 days 2,138 sqft
    2020-09-01 54 days 2,116 sqft
    2020-10-01 51 days 2,055 sqft
    2020-11-01 56 days 2,025 sqft
    2020-12-01 67 days 1,989 sqft
    2021-01-01 66 days 1,967 sqft
    2021-02-01 50 days 1,943 sqft
    2021-03-01 43 days 1,968 sqft
    2021-04-01 38 days 2,002 sqft
    2021-05-01 40 days 2,010 sqft
    2021-06-01 37 days 1,948 sqft
    2021-07-01 33 days 1,920 sqft
    2021-08-01 35 days 1,927 sqft
    2021-09-01 42 days 1,909 sqft
    2021-10-01 50 days 1,920 sqft
    2021-11-01 57 days 1,901 sqft
    2021-12-01 56 days 1,878 sqft
    2022-01-01 65 days 1,816 sqft
    2022-02-01 40 days 1,811 sqft
    2022-03-01 33 days 1,802 sqft
    2022-04-01 31 days 1,850 sqft
    2022-05-01 31 days 1,846 sqft
    2022-06-01 29 days 1,872 sqft
    2022-07-01 30 days 1,882 sqft
    2022-08-01 38 days 1,860 sqft
    2022-09-01 45 days 1,851 sqft
    2022-10-01 46 days 1,848 sqft
    2022-11-01 52 days 1,846 sqft
    2022-12-01 63 days 1,817 sqft
    2023-01-01 68 days 1,801 sqft
    2023-02-01 65 days 1,801 sqft
    2023-03-01 54 days 1,820 sqft
    2023-04-01 46 days 1,840 sqft
    2023-05-01 44 days 1,898 sqft
    2023-06-01 44 days 1,924 sqft
    2023-07-01 45 days 1,927 sqft
    2023-08-01 45 days 1,929 sqft
    2023-09-01 50 days 1,920 sqft
    2023-10-01 51 days 1,911 sqft
    2023-11-01 53 days 1,884 sqft
    2023-12-01 60 days 1,864 sqft
    2024-01-01 72 days 1,827 sqft
    2024-02-01 66 days 1,820 sqft
    2024-03-01 50 days 1,834 sqft
    2024-04-01 46 days 1,850 sqft
    2024-05-01 45 days 1,858 sqft
    2024-06-01 47 days 1,865 sqft
    2024-07-01 51 days 1,880 sqft
    2024-08-01 51 days 1,898 sqft
    2024-09-01 55 days 1,899 sqft
    2024-10-01 58 days 1,902 sqft
    2024-11-01 60 days 1,869 sqft
    2024-12-01 70 days 1,832 sqft
    2025-01-01 75 days 1,823 sqft
    2025-02-01 71 days 1,821 sqft
    2025-03-01 54 days 1,820 sqft
    2025-04-01 50 days 1,865 sqft
    Birmingham's median listing age (time on market) for 2025-04-01 was 50 days. This is 9% longer than the same period one year ago.

    Birmingham's median square footage for active listings during the 2025-04-01 period was 1,865 sqft. One year prior, the average listing was 1,850 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.