Brunswick VA Loan Rates, Closing Costs & Stats

BRUNSWICK, 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.

    Brunswick's 53 lenders originated 258 VA loans during 2023. The total origination value was $83,950,000, with an average VA loan value of $325,388.

    Brunswick VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Brunswick averaged 6.72% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Brunswick's average VA mortgage closing costs are $6,013.

    The average rate for the prior week (2024-11-01) was 6.28% and one month ago for the week of 2024-10-04, the average rate was 5.91%.

    The average rate one year ago was 7.56%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.34%.

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

    Brunswick 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 Brunswick level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 52 6.28% $11,204
    Mortgage Research Center, LLC 37 6.88% $6,293
    PENNYMAC LOAN SERVICES, LLC 14 5.86% $9,423
    NAVY FEDERAL CREDIT UNION 13 6.13% $3,605
    UNITED WHOLESALE MORTGAGE, LLC 12 5.99% $5,902
    Century Mortgage Company DBA Century Lending Company 9 6.04% $10,263
    GUARANTEED RATE, INC. 8 6.25% $6,605
    CMG MORTGAGE, INC. 7 6.25% $10,913
    FREEDOM MORTGAGE CORPORATION 5 6.45% $17,346
    Capital City Home Loans, LLC 5 5.55% $11,344
    BROKER SOLUTIONS, INC. 5 6.62% $5,037
    NEW DAY FINANCIAL, LLC 4 7.09% $15,232
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.67% $9,411
    CALIBER HOME LOANS, INC. 3 6.25% $22,854
    AMERICAN FINANCIAL NETWORK, INC. 3 6.79% $11,963
    Equity Prime Mortgage LLC 3 6.79% $6,213
    HOMESTAR FINANCIAL CORPORATION 3 6.75% $6,924
    LOANDEPOT.COM, LLC 3 6.04% $13,369
    Paramount Residential Mortgage Group, Inc. 3 6.08% $5,845
    TOWNE MORTGAGE COMPANY 2 7.13% $12,637
    Plains Commerce Bank 2 5.69% $6,055
    Presidential Bank, FSB 2 6.56% $9,171
    FirstBank 2 6.06% $8,793
    GUILD MORTGAGE COMPANY 2 6.63% $9,583
    NEWREZ LLC 2 6.94% $7,757
    Barrington Bank & Trust Company, N.A. 2 7.00% $7,922
    USAA Federal Savings Bank 2 6.88% $6,671
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.00% $2,031
    INTERCOASTAL MORTGAGE COMPANY 2 6.81% $5,161
    BAY EQUITY LLC 2 7.13% $31,545
    Wells Fargo Bank 1 6.13% $10,421
    Ameris Bank 1 5.75% $8,787
    CARDINAL FINANCIAL 1 5.99% $6,787
    Citizens Bank 1 6.13% $9,165
    CONTOUR MORTGAGE CORPORATION 1 5.63% $11,831
    EMM LOANS LLC 1 6.00% $8,479
    Evolve Bank & Trust 1 7.13% $8,404
    HOMESIDE FINANCIAL, LLC 1 7.25% $17,581
    INSPIRE HOME LOANS INC. 1 5.88% $19,273
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $14,531
    NBKC BANK 1 5.63% $4,177
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $4,205
    PLANET HOME LENDING, LLC 1 6.38% $6,629
    Regions Bank 1 6.25% $4,948
    RESIDENTIAL HOME FUNDING CORP. 1 5.25% $750
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.25% $5,713
    SWBC MORTGAGE CORPORATION 1 6.63% $4,966
    Synovus Bank 1 5.75% $25,250
    The Federal Savings Bank 1 7.25% $20,468
    THRIVE MORTGAGE, LLC 1 7.63% $8,665
    United Community Bank 1 5.38% $3,441
    U.S. Bank 1 5.63% $5,472
    VILLAGE CAPITAL MORTGAGE 1 6.50% $6,196

    The top Brunswick VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 52 VA loans originated. Their average total fees are $11,204, which is $4,912 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Brunswick VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($3,605), UNITED WHOLESALE MORTGAGE, LLC ($5,902), Mortgage Research Center, LLC ($6,293), PENNYMAC LOAN SERVICES, LLC ($9,423) and QUICKEN LOANS, LLC ($11,204).

    The lowest rate Brunswick VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.86%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), NAVY FEDERAL CREDIT UNION (6.13%), QUICKEN LOANS, LLC (6.28%) and Mortgage Research Center, LLC (6.88%).

    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.