Birmingham VA Loan Rates, Closing Costs & Stats

BIRMINGHAM-HOOVER, AL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 126 lenders originated 1,385 VA loans during 2023. The total origination value was $427,825,000, with an average VA loan value of $308,899.

    Birmingham VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Birmingham averaged 6.56% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Birmingham's average VA mortgage closing costs are $5,678.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.53%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.77%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 207 6.68% $5,502
    UNITED WHOLESALE MORTGAGE, LLC 91 6.29% $7,635
    QUICKEN LOANS, LLC 73 6.15% $9,776
    NAVY FEDERAL CREDIT UNION 61 5.85% $4,713
    DHI MORTGAGE COMPANY, LTD. 44 5.20% $6,330
    FREEDOM MORTGAGE CORPORATION 43 6.60% $12,185
    PENNYMAC LOAN SERVICES, LLC 42 5.64% $8,780
    MOVEMENT MORTGAGE, LLC 33 6.50% $8,309
    Renasant Bank 31 6.21% $9,534
    LOANDEPOT.COM, LLC 31 6.30% $10,281
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 6.66% $6,997
    GUILD MORTGAGE COMPANY 30 6.41% $9,757
    USAA Federal Savings Bank 28 6.12% $9,195
    FBC MORTGAGE, LLC 27 6.05% $10,986
    Prosperity Home Mortgage, LLC 23 6.33% $7,609
    NEW DAY FINANCIAL, LLC 22 7.51% $12,699
    FirstBank 18 6.19% $8,297
    Regions Bank 18 6.17% $8,598
    The Federal Savings Bank 17 6.55% $12,725
    Trustmark National Bank 14 6.39% $8,036
    NEWREZ LLC 14 6.43% $10,967
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 7.76% $2,824
    SouthPoint Bank 13 6.53% $5,708
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 6.38% $9,191
    UNION HOME MORTGAGE CORP. 12 6.85% $8,973
    VILLAGE CAPITAL MORTGAGE 12 5.76% $7,515
    Magnolia Bank 11 6.22% $17,504
    First Federal Bank, A FSB 11 6.13% $9,421
    VANDERBILT MORTGAGE AND FINANCE, INC. 10 6.20% $4,906
    TJC Mortgage, Inc. 10 6.33% $8,025
    FIRST COMMUNITY MORTGAGE, INC. 10 6.15% $11,477
    Ameris Bank 9 6.36% $7,803
    Mid-Continent Funding, Inc. 9 6.53% $5,216
    Northpointe Bank 9 6.35% $5,936
    Citizens Bank 9 6.28% $9,380
    GUARANTEED RATE, INC. 8 6.45% $6,613
    Plains Commerce Bank 8 6.06% $10,229
    THE MORTGAGE FIRM, INC. 8 6.37% $5,223
    Barrington Bank & Trust Company, N.A. 7 6.14% $5,662
    Synovus Bank 7 6.41% $6,834
    PENTAGON FEDERAL CREDIT UNION 7 5.86% $6,966
    Mr. Cooper ( Nationstar Mortgage ) 7 6.16% $14,995
    HOMESTAR FINANCIAL CORPORATION 6 6.29% $8,620
    BROKER SOLUTIONS, INC. 6 6.39% $11,219
    CANOPY MORTGAGE, LLC 6 6.87% $17,906
    CARDINAL FINANCIAL 6 6.83% $16,916
    STOCKTON MORTGAGE CORPORATION 6 7.19% $8,177
    AMERISAVE MORTGAGE CORPORATION 6 6.00% $14,618
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.43% $11,094
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.40% $13,255
    Princeton Mortgage Corporation 5 6.95% $8,308
    Equity Prime Mortgage LLC 5 7.23% $7,546
    The Loan Store, Inc. 5 7.15% $9,244
    Bank of England 5 6.50% $13,426
    GMFS LLC 5 6.43% $6,053
    Wells Fargo Bank 4 6.28% $15,407
    AMERICAN FINANCIAL NETWORK, INC. 4 7.19% $7,072
    First Horizon Bank 4 6.19% $2,141
    Flagstar Bank, FSB 4 6.66% $8,161
    Hamilton Mortgage Corporation 4 6.75% $5,393
    INSPIRE HOME LOANS INC. 4 5.78% $3,397
    RELIANCE FIRST CAPITAL, LLC 4 6.59% $5,031
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 6.96% $5,317
    ACOPIA, LLC 3 7.04% $1,462
    DAS Acquisition Company, LLC 3 6.08% $5,357
    CROSSCOUNTRY MORTGAGE, LLC 3 5.67% $8,487
    SOVEREIGN LENDING GROUP INCORPORATED 3 5.88% $8,114
    CMG MORTGAGE, INC. 3 6.33% $9,118
    HUNT MORTGAGE CORPORATION 3 6.75% $2,548
    Truist 3 6.15% $8,271
    BancorpSouth 3 6.29% $5,734
    NBKC BANK 3 5.58% $7,884
    Assurance Financial Group, L.L.C. 3 7.38% $5,854
    Nations Lending Corporation 2 6.25% $7,127
    CONTOUR MORTGAGE CORPORATION 2 5.50% $13,597
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $3,265
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $7,256
    EVERETT FINANCIAL, INC. 2 7.44% $5,751
    LENOX FINANCIAL MORTGAGE CORPORATION 2 6.69% $12,978
    JPMorgan Chase Bank 2 5.50% $8,537
    LAKEVIEW LOAN SERVICING, LLC 2 5.88% $6,699
    MILEND, INC. 2 7.06% $8,093
    Armed Forces Bank 2 6.44% $9,253
    PNC Bank 2 6.88% $5,687
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.00% $21,351
    CORNERSTONE HOME LENDING, INC. 2 6.38% $7,269
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $12,171
    Cornerstone First Mortgage, Inc 2 7.50% $5,099
    REDSTONE Federal Credit Union 1 6.63% $2,573
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $7,558
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.99% $11,291
    ROYAL UNITED MORTGAGE LLC 1 6.75% $19,879
    South State Bank 1 7.88% $3,059
    SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $17,336
    The Central Trust Bank 1 5.75% $2,105
    CB&S Bank, Inc. 1 5.75% $1,446
    THRIVE MORTGAGE, LLC 1 6.63% $18,447
    Carrington Mortgage Services, LLC 1 6.13% $2,524
    TOWNE MORTGAGE COMPANY 1 5.75% $4,166
    AVADIAN 1 6.50% $3,809
    LEADERONE FINANCIAL CORPORATION 1 6.63% $9,948
    LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $9,793
    Liberty Mortgage Corporation 1 6.75% $4,740
    Ixonia Bank 1 6.75% $20,431
    MORTGAGE ACCESS CORP. 1 7.13% $15,992
    MORTGAGE INVESTORS GROUP, INC. 1 6.38% $600
    INTERLINC MORTGAGE SERVICES, LLC 1 7.63% $2,125
    HOMESPIRE MORTGAGE CORPORATION 1 6.75% $23,226
    HOMESIDE FINANCIAL, LLC 1 6.13% $3,939
    M&T Bank 1 6.75% $5,899
    HomePromise Corporation 1 7.50% $11,835
    NBH Bank 1 5.99% $4,504
    GUARANTY HOME MORTGAGE CORPORATION 1 6.50% $3,075
    North American Savings Bank, F.S.B. 1 5.75% $14,722
    GUARANTEED RATE AFFINITY, LLC 1 6.20% $20,292
    Old National Bank 1 5.50% $9,212
    Paramount Residential Mortgage Group, Inc. 1 5.25% $7,723
    First Western Trust Bank 1 6.75% $982
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $6,464
    Farmers Bank & Trust 1 5.13% $2,243
    PLANET HOME LENDING, LLC 1 2.75% $2,262
    PLAZA HOME MORTGAGE, INC. 1 5.38% $4,922
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $24,739
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $6,161
    ENVOY MORTGAGE, LTD 1 6.25% $11,309
    EMM LOANS LLC 1 6.25% $14,079

    The top Birmingham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 207 VA loans originated. Their average total fees are $5,502, which is $2,134 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 ($2,824), NAVY FEDERAL CREDIT UNION ($4,713), VANDERBILT MORTGAGE AND FINANCE, INC. ($4,906), Mortgage Research Center, LLC ($5,502) and SouthPoint Bank ($5,708).

    The lowest rate Birmingham VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.20%), PENNYMAC LOAN SERVICES, LLC (5.64%), VILLAGE CAPITAL MORTGAGE (5.76%), NAVY FEDERAL CREDIT UNION (5.85%) and FBC MORTGAGE, LLC (6.05%).

    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%) 0.77 4,618
    2018-02-01 $204,800 (7.8%) $271,347 (6.6%) 0.77 4,521
    2018-03-01 $218,900 (9.5%) $284,975 (7.9%) 0.79 4,429
    2018-04-01 $228,528 (8.9%) $295,582 (8.6%) 0.79 4,503
    2018-05-01 $232,400 (8.1%) $303,020 (8.1%) 0.80 4,632
    2018-06-01 $230,000 (6.3%) $304,604 (8.3%) 0.79 4,715
    2018-07-01 $234,421 (9.1%) $302,223 (8.7%) 0.80 4,849
    2018-08-01 $234,280 (11.5%) $302,470 (9.9%) 0.80 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%) 0.77 4,825
    2018-11-01 $224,900 (9.7%) $298,673 (10.9%) 0.78 4,646
    2018-12-01 $225,000 (10.7%) $298,886 (11.9%) 0.79 4,329
    2019-01-01 $226,894 (13.5%) $297,592 (10.8%) 0.80 4,033
    2019-02-01 $236,950 (15.7%) $311,666 (14.9%) 0.82 3,969
    2019-03-01 $244,186 (11.6%) $321,527 (12.8%) 0.83 3,946
    2019-04-01 $252,400 (10.5%) $331,900 (12.3%) 0.82 3,956
    2019-05-01 $259,211 (11.5%) $334,511 (10.4%) 0.83 3,983
    2019-06-01 $259,900 (13.0%) $334,666 (9.9%) 0.83 4,196
    2019-07-01 $260,075 (10.9%) $333,956 (10.5%) 0.84 4,321
    2019-08-01 $262,809 (12.2%) $331,893 (9.7%) 0.85 4,319
    2019-09-01 $261,173 (14.6%) $329,260 (9.4%) 0.85 4,272
    2019-10-01 $259,900 (16.6%) $327,265 (11.1%) 0.85 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%) 0.85 3,688
    2020-01-01 $249,900 (10.1%) $322,296 (8.3%) 0.85 3,399
    2020-02-01 $256,278 (8.2%) $328,693 (5.5%) 0.85 3,376
    2020-03-01 $260,375 (6.6%) $338,719 (5.4%) 0.84 3,303
    2020-04-01 $260,000 (3.0%) $335,790 (1.2%) 0.83 3,361
    2020-05-01 $265,450 (2.4%) $347,834 (4.0%) 0.82 3,293
    2020-06-01 $272,933 (5.0%) $356,796 (6.6%) 0.82 3,115
    2020-07-01 $273,702 (5.2%) $355,346 (6.4%) 0.81 2,946
    2020-08-01 $269,950 (2.7%) $355,637 (7.2%) 0.79 2,791
    2020-09-01 $270,200 (3.5%) $354,987 (7.8%) 0.78 2,690
    2020-10-01 $259,650 (-0.1%) $347,497 (6.2%) 0.76 2,728
    2020-11-01 $256,448 (-0.6%) $343,730 (6.0%) 0.76 2,616
    2020-12-01 $255,575 (2.3%) $342,169 (6.7%) 0.78 2,413
    2021-01-01 $257,375 (3.0%) $341,038 (5.8%) 0.78 2,189
    2021-02-01 $259,400 (1.2%) $349,727 (6.4%) 0.77 1,835
    2021-03-01 $263,875 (1.3%) $363,247 (7.2%) 0.77 1,766
    2021-04-01 $275,052 (5.8%) $381,878 (13.7%) 0.76 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%) 0.73 1,652
    2021-07-01 $269,900 (-1.4%) $364,039 (2.5%) 0.73 1,956
    2021-08-01 $272,500 (0.9%) $364,359 (2.5%) 0.74 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%) 0.76 1,940
    2021-11-01 $275,250 (7.3%) $371,925 (8.2%) 0.75 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%) 0.72 1,517
    2022-02-01 $259,000 (-0.2%) $366,644 (4.8%) 0.68 1,511
    2022-03-01 $260,725 (-1.2%) $371,431 (2.3%) 0.66 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%) 0.67 1,725
    2022-06-01 $295,075 (8.3%) $399,480 (7.4%) 0.67 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%) 0.65 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%) 0.66 2,383
    2023-05-01 $297,700 (2.7%) $396,014 (-1.3%) 0.67 2,410
    2023-06-01 $301,087 (2.0%) $397,473 (-0.5%) 0.67 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%) 0.70 3,295
    2023-12-01 $286,500 (4.2%) $377,177 (5.3%) 0.71 3,177
    2024-01-01 $282,998 (4.2%) $371,741 (3.7%) 0.70 3,030
    2024-02-01 $284,269 (3.9%) $370,311 (2.1%) 0.69 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%) 0.71 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%) 0.72 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%) 0.00 3,563
    Birmingham's median listing price for 2025-01-01 was $284,925, a difference of $1,927 (0.7%) versus the prior year and $-3,025 versus the prior month.

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

    Birmingham's average listing price for 2025-01-01 was $369,298, a difference of $-2,443 (-0.7%) versus the prior year and $-5,921 versus the prior month.

    For the 2025-01-01 period, Birmingham had 3,563 MLS listings, a difference of -189 listings (-5%) versus the prior month and 533 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 93 days 1,915 sqft
    2018-02-01 86 days 1,913 sqft
    2018-03-01 62 days 1,874 sqft
    2018-04-01 59 days 1,880 sqft
    2018-05-01 54 days 1,899 sqft
    2018-06-01 55 days 1,908 sqft
    2018-07-01 59 days 1,934 sqft
    2018-08-01 60 days 1,934 sqft
    2018-09-01 63 days 1,900 sqft
    2018-10-01 69 days 1,861 sqft
    2018-11-01 72 days 1,865 sqft
    2018-12-01 79 days 1,880 sqft
    2019-01-01 85 days 1,883 sqft
    2019-02-01 73 days 1,906 sqft
    2019-03-01 62 days 1,940 sqft
    2019-04-01 55 days 1,967 sqft
    2019-05-01 51 days 1,981 sqft
    2019-06-01 53 days 1,973 sqft
    2019-07-01 54 days 1,967 sqft
    2019-08-01 57 days 1,968 sqft
    2019-09-01 62 days 1,959 sqft
    2019-10-01 66 days 1,955 sqft
    2019-11-01 72 days 1,966 sqft
    2019-12-01 80 days 1,950 sqft
    2020-01-01 81 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 63 days 2,125 sqft
    2020-06-01 62 days 2,127 sqft
    2020-07-01 57 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 55 days 2,025 sqft
    2020-12-01 66 days 1,989 sqft
    2021-01-01 66 days 1,967 sqft
    2021-02-01 47 days 1,943 sqft
    2021-03-01 42 days 1,968 sqft
    2021-04-01 37 days 2,002 sqft
    2021-05-01 40 days 2,010 sqft
    2021-06-01 36 days 1,948 sqft
    2021-07-01 33 days 1,920 sqft
    2021-08-01 35 days 1,927 sqft
    2021-09-01 41 days 1,909 sqft
    2021-10-01 50 days 1,920 sqft
    2021-11-01 57 days 1,901 sqft
    2021-12-01 55 days 1,878 sqft
    2022-01-01 64 days 1,816 sqft
    2022-02-01 38 days 1,811 sqft
    2022-03-01 32 days 1,802 sqft
    2022-04-01 30 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 37 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 63 days 1,801 sqft
    2023-03-01 51 days 1,820 sqft
    2023-04-01 45 days 1,840 sqft
    2023-05-01 43 days 1,898 sqft
    2023-06-01 43 days 1,924 sqft
    2023-07-01 44 days 1,927 sqft
    2023-08-01 44 days 1,929 sqft
    2023-09-01 49 days 1,920 sqft
    2023-10-01 51 days 1,911 sqft
    2023-11-01 53 days 1,884 sqft
    2023-12-01 61 days 1,864 sqft
    2024-01-01 71 days 1,827 sqft
    2024-02-01 65 days 1,820 sqft
    2024-03-01 50 days 1,834 sqft
    2024-04-01 46 days 1,850 sqft
    2024-05-01 43 days 1,858 sqft
    2024-06-01 45 days 1,865 sqft
    2024-07-01 50 days 1,880 sqft
    2024-08-01 50 days 1,898 sqft
    2024-09-01 54 days 1,899 sqft
    2024-10-01 57 days 1,902 sqft
    2024-11-01 59 days 1,869 sqft
    2024-12-01 69 days 1,832 sqft
    2025-01-01 0 days 1,823 sqft
    Birmingham's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Birmingham's median square footage for active listings during the 2025-01-01 period was 1,823 sqft. One year prior, the average listing was 1,827 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.