Columbus VA Loan Rates, Closing Costs & Stats

COLUMBUS, GA-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.

    Columbus's 108 lenders originated 1,842 VA loans during 2024. The total origination value was $533,340,000, with an average VA loan value of $289,544.

    Columbus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Columbus averaged 0.41% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Columbus's average VA mortgage closing costs are $5,940.

    The average rate for the prior week (2025-06-13) was 6.66% and one month ago for the week of 2025-05-16, the average rate was 6.72%.

    The average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.05%.

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

    Columbus 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 Columbus level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 295 6.47% $5,611
    CANOPY MORTGAGE, LLC 150 6.17% $15,244
    UNITED WHOLESALE MORTGAGE, LLC 127 6.02% $6,851
    FREEDOM MORTGAGE CORPORATION 107 6.28% $7,115
    CMG MORTGAGE, INC. 91 6.24% $10,449
    QUICKEN LOANS, LLC 80 6.03% $9,131
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 70 6.12% $8,908
    CROSSCOUNTRY MORTGAGE, LLC 53 6.37% $6,808
    PENNYMAC LOAN SERVICES, LLC 53 5.73% $6,591
    MOVEMENT MORTGAGE, LLC 44 6.44% $8,798
    Northpointe Bank 43 6.31% $8,594
    NEW DAY FINANCIAL, LLC 42 7.35% $8,997
    Synovus Bank 40 6.07% $8,355
    NAVY FEDERAL CREDIT UNION 39 5.95% $5,888
    VANDERBILT MORTGAGE AND FINANCE, INC. 31 6.37% $7,612
    USAA Federal Savings Bank 31 6.21% $7,277
    GUARANTEED RATE, INC. 26 6.24% $8,340
    VILLAGE CAPITAL MORTGAGE 26 5.97% $5,396
    RUOFF MORTGAGE COMPANY, INC. 24 6.53% $4,998
    NEWREZ LLC 23 6.24% $5,404
    BROKER SOLUTIONS, INC. 22 6.66% $9,849
    GUILD MORTGAGE COMPANY 22 6.02% $11,693
    MORTGAGE SOLUTIONS OF COLORADO, LLC 20 7.66% $5,126
    PLANET HOME LENDING, LLC 16 5.76% $3,181
    LOANDEPOT.COM, LLC 13 5.95% $7,626
    Trustmark National Bank 12 6.04% $9,424
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.22% $5,970
    Renasant Bank 10 6.11% $11,231
    The Federal Savings Bank 10 6.29% $14,322
    CLEARPATH LENDING 9 5.67% $6,274
    Barrington Bank & Trust Company, N.A. 8 6.19% $6,848
    Carrington Mortgage Services, LLC 8 6.20% $10,769
    PENTAGON FEDERAL CREDIT UNION 7 6.32% $8,761
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.34% $5,204
    Lakeview Community Capital, LLC 6 5.73% $3,833
    Mr. Cooper ( Nationstar Mortgage ) 6 6.15% $6,604
    OPEN MORTGAGE, LLC 6 6.71% $6,849
    PLAZA HOME MORTGAGE, INC. 5 6.77% $8,270
    INTERLINC MORTGAGE SERVICES, LLC 5 5.85% $3,990
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.38% $8,033
    LAKEVIEW LOAN SERVICING, LLC 5 5.72% $4,797
    Flagstar Bank, FSB 4 6.07% $5,399
    Equity Prime Mortgage LLC 4 6.97% $4,994
    UNION HOME MORTGAGE CORP. 4 6.63% $4,265
    Ameris Bank 4 6.19% $6,821
    Armed Forces Bank 4 6.22% $5,544
    NBKC BANK 4 6.19% $4,273
    AmeriHome Mortgage Company, LLC 4 6.25% $3,419
    AMERISAVE MORTGAGE CORPORATION 4 5.84% $12,587
    Mid-Continent Funding, Inc. 3 6.17% $11,673
    NATIONS DIRECT MORTGAGE, LLC 3 6.13% $9,861
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.58% $12,851
    TJC Mortgage, Inc. 3 6.58% $13,153
    First Federal Bank 3 5.88% $6,274
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 3 6.83% $7,090
    Wells Fargo Bank 3 5.83% $7,272
    CARDINAL FINANCIAL 3 6.67% $17,424
    Paramount Residential Mortgage Group, Inc. 3 6.13% $7,521
    Texana Bank 2 5.63% $18,894
    AMERICAN FINANCIAL NETWORK, INC. 2 6.50% $5,394
    Colony Bank 2 5.56% $14,863
    Cornerstone First Mortgage, Inc 2 7.19% $11,065
    LOANPAL, LLC 2 5.75% $9,207
    Magnolia Bank 2 6.31% $12,517
    MILEND, INC. 2 6.63% $14,930
    MORTGAGEONE, INC. 2 6.69% $2,292
    Plains Commerce Bank 2 6.63% $12,302
    RELIANCE FIRST CAPITAL, LLC 2 5.88% $11,663
    STOCKTON MORTGAGE CORPORATION 2 3.13% $10,821
    THE MORTGAGE FIRM, INC. 2 6.75% $5,198
    Truist 2 6.25% $2,885
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $1,706
    Hancock Whitney Bank 1 6.50% $6,285
    GoPrime Mortgage, Inc. 1 6.13% $7,354
    GENEVA FINANCIAL, LLC 1 6.63% $11,473
    Franklin Loan Corporation 1 6.00% $7,190
    PHH Mortgage Corporation 1 5.63% $3,562
    AMERITRUST MORTGAGE CORPORATION 1 8.25% $3,483
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $7,691
    First Horizon Bank 1 6.50% $5,487
    Presidential Bank, FSB 1 5.63% $21,890
    First Heritage Mortgage, LLC 1 6.25% $9,975
    Prosperity Home Mortgage, LLC 1 5.49% $4,303
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $10,639
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.25% $16,492
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $15,908
    FirstBank 1 6.13% $10,765
    Fifth Third Bank 1 6.50% $8,156
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.63% $6,329
    South State Bank 1 7.13% $2,715
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $4,701
    EVERETT FINANCIAL, INC. 1 7.63% $11,044
    SUN WEST MORTGAGE COMPANY, INC. 1 7.25% $4,447
    EMM LOANS LLC 1 6.75% $4,345
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.63% $13,813
    DIRECT LENDERS, LLC 1 6.25% $4,250
    Wolfe Financial, Inc 1 7.50% $13,276
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.63% $1,932
    ZILLOW HOME LOANS, LLC 1 6.25% $3,915
    CORNERSTONE HOME LENDING, INC. 1 6.25% $22,194
    CONTOUR MORTGAGE CORPORATION 1 6.63% $12,781
    CityWorth Mortgage LLC 1 7.13% $19,543
    CALCON MUTUAL MORTGAGE LLC 1 7.63% $13,969
    MLD MORTGAGE INC. 1 6.13% $7,088
    LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $3,114
    JPMorgan Chase Bank 1 5.50% $0
    HOMESPIRE MORTGAGE CORPORATION 1 6.63% $3,935
    NFM, INC. 1 6.25% $12,933

    The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 295 VA loans originated. Their average total fees are $5,611, which is $9,632 lower than the next largest lender, CANOPY MORTGAGE, LLC.

    The lowest fee Columbus VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($3,181), RUOFF MORTGAGE COMPANY, INC. ($4,998), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,126), VILLAGE CAPITAL MORTGAGE ($5,396) and NEWREZ LLC ($5,404).

    The lowest rate Columbus VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.73%), PLANET HOME LENDING, LLC (5.76%), LOANDEPOT.COM, LLC (5.95%), NAVY FEDERAL CREDIT UNION (5.95%) and VILLAGE CAPITAL MORTGAGE (5.97%).

    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.