Columbus VA Loans

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 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 148 lenders originated 3,850 VA loans during 2021. The total origination value was $886,750,000, with an average VA loan value of $230,325.

    Columbus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Columbus averaged 5.57% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.58% and one month ago for the week of 2022-04-15, the average rate was 4.94%.

    The average rate one year ago was 3.33%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.11%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Columbus level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 402 2.90% $5,674
    QUICKEN LOANS, LLC 241 2.47% $3,563
    FREEDOM MORTGAGE CORPORATION 214 2.50% $1,772
    PENNYMAC LOAN SERVICES, LLC 172 2.47% $4,831
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 145 2.99% $5,449
    LOANDEPOT.COM, LLC 107 2.69% $5,817
    Synovus Bank 100 2.65% $6,629
    ENVOY MORTGAGE, LTD 97 3.08% $8,713
    NAVY FEDERAL CREDIT UNION 94 2.47% $5,339
    MOVEMENT MORTGAGE, LLC 93 3.03% $6,522
    VANDERBILT MORTGAGE AND FINANCE, INC. 89 2.85% $6,883
    VILLAGE CAPITAL & INVESTMENT LLC 85 2.35% $3,220
    CMG MORTGAGE, INC. 83 2.87% $9,245
    USAA Federal Savings Bank 83 2.83% $4,742
    NEW DAY FINANCIAL, LLC 76 2.82% $5,627
    BROKER SOLUTIONS, INC. 66 2.83% $7,549
    GUILD MORTGAGE COMPANY 59 2.78% $7,232
    HOMESTAR FINANCIAL CORPORATION 57 2.88% $6,721
    CERTAINTY HOME LOANS, LLC 56 2.78% $4,784
    UNITED WHOLESALE MORTGAGE, LLC 53 2.53% $5,248
    Wells Fargo Bank 51 2.52% $3,458
    INTERLINC MORTGAGE SERVICES, LLC 47 2.96% $7,948
    Mr. Cooper ( Nationstar Mortgage ) 43 2.83% $3,312
    CROSSCOUNTRY MORTGAGE, LLC 39 3.07% $5,522
    Carrington Mortgage Services, LLC 38 3.17% $3,182
    LAKEVIEW LOAN SERVICING, LLC 34 2.50% $2,411
    NEWREZ LLC 32 2.74% $2,487
    RUOFF MORTGAGE COMPANY, INC. 31 3.20% $7,311
    PRIMARY RESIDENTIAL MORTGAGE, INC. 27 2.99% $5,841
    CLEARPATH LENDING 25 2.28% $3,727
    PENTAGON FEDERAL CREDIT UNION 24 2.46% $2,245
    CALIBER HOME LOANS, INC. 22 2.51% $5,229
    Barrington Bank & Trust Company, N.A. 21 2.90% $3,988
    PLANET HOME LENDING, LLC 18 2.58% $3,117
    Renasant Bank 17 2.82% $4,307
    The Federal Savings Bank 17 2.62% $4,853
    Lakeview Community Capital, LLC 17 2.65% $2,048
    AMERISAVE MORTGAGE CORPORATION 15 2.84% $3,875
    FirstBank 15 2.96% $5,365
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 2.64% $3,429
    First Federal Bank 15 2.75% $5,135
    HOME POINT FINANCIAL CORPORATION 13 2.48% $4,090
    Mid-Continent Funding, Inc. 13 2.91% $4,834
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 11 2.77% $8,901
    AMERICAN FINANCIAL NETWORK, INC. 11 2.49% $6,575
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 3.45% $7,039
    Truist Bank 10 2.74% $2,586
    OPEN MORTGAGE, LLC 9 2.83% $2,942
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 3.39% $2,151
    Low VA Rates, LLC 9 2.35% $4,985
    KELLER MORTGAGE, LLC 8 2.86% $7,265
    NATIONS DIRECT MORTGAGE, LLC 8 2.77% $3,174
    GUARANTY MORTGAGE SERVICES, L.L.C. 8 3.17% $9,583
    CONTOUR MORTGAGE CORPORATION 8 2.64% $5,983
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 2.77% $4,630
    NBKC BANK 6 2.48% $2,574
    SOVEREIGN LENDING GROUP INCORPORATED 6 2.90% $6,073
    AMERICAN FINANCING CORPORATION 6 2.46% $4,586
    MUTUAL OF OMAHA MORTGAGE, INC. 5 2.88% $5,987
    PHH Mortgage Corporation 5 2.85% $3,429
    Magnolia Bank 5 2.57% $5,217
    Ameris Bank 5 2.73% $3,903
    First Federal Bank of Kansas City 4 2.56% $3,931
    InterContinental Capital Group, Inc 4 2.28% $3,644
    FIRST COMMUNITY MORTGAGE, INC. 4 3.13% $4,799
    Regions Bank 4 3.22% $9,028
    PLAZA HOME MORTGAGE, INC. 4 2.38% $2,057
    Wyndham Capital Mortgage, Inc. 4 2.44% $4,910
    Presidential Bank, FSB 4 2.88% $4,909
    Flagstar Bank, FSB 4 3.00% $7,785
    SOUTHERN TRUST MORTGAGE, LLC 4 2.69% $1,796
    Commerce Home Mortgage, Inc. 4 2.72% $4,325
    Nations Lending Corporation 4 2.91% $4,042
    MID AMERICA MORTGAGE, INC. 4 2.69% $2,456
    First Guaranty Mortgage Corporation 3 2.50% $2,167
    Colony Bank 3 2.54% $1,110
    North American Savings Bank, F.S.B. 3 2.63% $4,082
    CityWorth Mortgage LLC 3 3.00% $3,364
    BNC National Bank 3 2.46% $6,525
    DIRECT LENDERS, LLC 3 2.25% $2,408
    GUARANTEED RATE AFFINITY, LLC 3 3.08% $4,401
    NP, Inc. 3 2.25% $5,782
    Stifel Bank and Trust 3 2.50% $5,609
    1ST SIGNATURE LENDING, LLC 2 3.31% $3,347
    AmeriHome Mortgage Company, LLC 2 2.63% $3,399
    Bank of England 2 2.31% $6,671
    BAYSHORE MORTGAGE FUNDING, LLC 2 3.25% $3,615
    EMBRACE HOME LOANS, INC. 2 2.56% $2,375
    GUARANTEED RATE, INC. 2 2.81% $3,678
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 2.94% $5,729
    HomePromise Corporation 2 2.88% $11,230
    Hometown Equity Mortgage, LLC 2 4.00% $4,686
    LEADERONE FINANCIAL CORPORATION 2 2.81% $6,539
    LIBERTY HOME MORTGAGE CORPORATION 2 2.25% $3,900
    Meridian Bank Corporation 2 2.25% $6,349
    Paramount Bank 2 2.44% $4,966
    Prosperity Home Mortgage, LLC 2 2.88% $4,655
    U.S. Bank 2 2.88% $2,484
    ON Q FINANCIAL, INC. 1 3.38% $4,146
    JPMorgan Chase Bank 1 3.13% $3,534
    ACCELERATE MORTGAGE, LLC 1 1.75% $8,121
    Paramount Residential Mortgage Group, Inc. 1 2.75% $3,264
    ISERVE RESIDENTIAL LENDING, LLC 1 2.75% $9,233
    INTERCAP LENDING INC. 1 2.75% $833
    HOMESPIRE MORTGAGE CORPORATION 1 3.25% $7,095
    Pinnacle Bank 1 2.25% $2,772
    HOMESIDE FINANCIAL, LLC 1 2.00% $2,999
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.88% $8,330
    POLARIS HOME FUNDING CORP. 1 2.75% $1,917
    F&M Bank 1 2.75% $6,936
    First Savings Bank 1 3.25% $9,091
    Prime Choice Funding Inc. 1 2.25% $5,837
    First Mortgage Solutions, LLC 1 2.25% $20,340
    ACADEMY MORTGAGE CORPORATION 1 3.75% $1,947
    FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $11,643
    EVERETT FINANCIAL, INC. 1 3.00% $6,117
    Equity Prime Mortgage LLC 1 3.50% $9,080
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $1,323
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.88% $4,021
    Service Federal Credit Union 1 2.63% $9,721
    Sierra Pacific Mortgage Company, Inc. 1 3.50% $13,719
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.13% $18,482
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.25% $4,565
    South State Bank 1 2.25% $14,884
    SOUTHWEST STAGE FUNDING, LLC 1 4.75% $3,018
    Credence Funding Corporation 1 3.25% $1,787
    Community First National Bank 1 2.38% $3,717
    STOCKTON MORTGAGE CORPORATION 1 3.75% $4,013
    SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $2,629
    SWBC MORTGAGE CORPORATION 1 3.13% $4,556
    CHURCHILL MORTGAGE CORPORATION 1 2.75% $1,224
    Texana Bank 1 2.25% $7,062
    BELEM SERVICING LLC 1 3.25% $3,733
    TJC Mortgage, Inc. 1 2.25% $5,559
    TOWNE MORTGAGE COMPANY 1 2.75% $13,048
    Bank of America 1 3.00% $12,950
    United Community Bank 1 2.75% $7,157
    Austin Capital Bank SSB 1 3.13% $0
    Arvest Bank 1 2.75% $8,854
    ZILLOW HOME LOANS, LLC 1 2.25% $19,220
    Valley National Bank 1 2.25% $2,484
    Armed Forces Bank 1 2.25% $1,758
    VAN DYK MORTGAGE CORPORATION 1 2.25% $3,831
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $5,093
    Watermark Capital, Inc. 1 2.25% $1,868
    LENDUS, LLC 1 2.63% $17,182
    Northpointe Bank 1 2.63% $3,308
    KS StateBank 1 2.25% $2,037

    The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 402 VA loans originated. Their average total fees are $5,674, which is $2,112 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Columbus VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($1,772), Lakeview Community Capital, LLC ($2,048), PENTAGON FEDERAL CREDIT UNION ($2,245), LAKEVIEW LOAN SERVICING, LLC ($2,411) and NEWREZ LLC ($2,487).

    The lowest rate Columbus VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.28%), VILLAGE CAPITAL & INVESTMENT LLC (2.35%), PENTAGON FEDERAL CREDIT UNION (2.46%), PENNYMAC LOAN SERVICES, LLC (2.47%) and QUICKEN LOANS, LLC (2.47%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Columbus (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 $161,495 (8.9%) $214,582 (12.5%) 0.59 1,634
    2018-02-01 $162,450 (8.4%) $213,398 (10.4%) 0.59 1,635
    2018-03-01 $164,900 (7.2%) $218,800 (12.1%) 0.57 1,651
    2018-04-01 $167,990 (8.5%) $225,259 (14.7%) 0.56 1,684
    2018-05-01 $169,900 (6.3%) $226,439 (13.1%) 0.57 1,700
    2018-06-01 $166,990 (4.4%) $221,857 (9.5%) 0.56 1,734
    2018-07-01 $164,510 (2.9%) $221,632 (8.2%) 0.55 1,750
    2018-08-01 $165,945 (3.7%) $219,407 (5.9%) 0.55 1,742
    2018-09-01 $168,000 (5.0%) $224,478 (5.7%) 0.56 1,717
    2018-10-01 $169,450 (5.9%) $226,131 (7.4%) 0.57 1,714
    2018-11-01 $168,423 (3.6%) $228,703 (7.6%) 0.56 1,728
    2018-12-01 $167,715 (4.8%) $230,351 (8.1%) 0.57 1,734
    2019-01-01 $167,853 (3.9%) $229,968 (7.2%) 0.58 1,622
    2019-02-01 $169,900 (4.6%) $230,419 (8.0%) 0.57 1,602
    2019-03-01 $172,043 (4.3%) $242,479 (10.8%) 0.56 1,500
    2019-04-01 $174,543 (3.9%) $252,159 (11.9%) 0.55 1,417
    2019-05-01 $169,900 (0.0%) $254,271 (12.3%) 0.52 1,366
    2019-06-01 $179,900 (7.7%) $256,058 (15.4%) 0.55 1,343
    2019-07-01 $182,155 (10.7%) $261,870 (18.2%) 0.57 1,285
    2019-08-01 $186,471 (12.4%) $262,059 (19.4%) 0.59 1,230
    2019-09-01 $189,471 (12.8%) $262,753 (17.1%) 0.60 1,186
    2019-10-01 $197,900 (16.8%) $263,682 (16.6%) 0.63 1,199
    2019-11-01 $199,900 (18.7%) $264,411 (15.6%) 0.65 1,182
    2019-12-01 $197,390 (17.7%) $262,788 (14.1%) 0.66 1,132
    2020-01-01 $189,950 (13.2%) $259,266 (12.7%) 0.63 1,071
    2020-02-01 $197,000 (16.0%) $264,648 (14.9%) 0.64 1,012
    2020-03-01 $192,900 (12.1%) $261,489 (7.8%) 0.60 943
    2020-04-01 $189,950 (8.8%) $254,431 (0.9%) 0.59 942
    2020-05-01 $207,000 (21.8%) $263,044 (3.5%) 0.63 840
    2020-06-01 $225,000 (25.1%) $274,767 (7.3%) 0.66 767
    2020-07-01 $219,700 (20.6%) $272,891 (4.2%) 0.63 682
    2020-08-01 $219,900 (17.9%) $276,609 (5.6%) 0.63 622
    2020-09-01 $214,750 (13.3%) $298,002 (13.4%) 0.61 547
    2020-10-01 $210,800 (6.5%) $298,088 (13.1%) 0.60 568
    2020-11-01 $201,379 (0.7%) $282,608 (6.9%) 0.58 586
    2020-12-01 $192,400 (-2.5%) $287,163 (9.3%) 0.56 569
    2021-01-01 $198,900 (4.7%) $293,194 (13.1%) 0.59 523
    2021-02-01 $195,750 (-0.6%) $283,774 (7.2%) 0.56 482
    2021-03-01 $186,750 (-3.2%) $283,072 (8.3%) 0.52 443
    2021-04-01 $192,500 (1.3%) $293,917 (15.5%) 0.52 416
    2021-05-01 $189,999 (-8.2%) $297,699 (13.2%) 0.50 410
    2021-06-01 $185,000 (-17.8%) $285,457 (3.9%) 0.48 440
    2021-07-01 $187,450 (-14.7%) $289,566 (6.1%) 0.49 531
    2021-08-01 $191,500 (-12.9%) $302,686 (9.4%) 0.50 563
    2021-09-01 $195,000 (-9.2%) $319,666 (7.3%) 0.51 595
    2021-10-01 $189,900 (-9.9%) $309,275 (3.8%) 0.50 601
    2021-11-01 $188,900 (-6.2%) $303,907 (7.5%) 0.50 616
    2021-12-01 $189,950 (-1.3%) $316,736 (10.3%) 0.51 504
    2022-01-01 $194,999 (-2.0%) $350,944 (19.7%) 0.52 414
    2022-02-01 $199,900 (2.1%) $338,260 (19.2%) 0.51 389
    2022-03-01 $194,250 (4.0%) $337,746 (19.3%) 0.48 370
    2022-04-01 $186,000 (-3.4%) $296,112 (0.8%) 0.44 402
    Columbus's median listing price for 2022-04-01 was $186,000, a difference of $-6,500 (-3.4%) versus the prior year and $-8,250 versus the prior month.

    Columbus's median listing price comes in at 44% of the national average.

    Columbus's average listing price for 2022-04-01 was $296,112, a difference of $2,195 (0.8%) versus the prior year and $-41,634 versus the prior month.

    For the 2022-04-01 period, Columbus had 402 MLS listings, a difference of 32 listings (9%) versus the prior month and -14 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 103 days 1,957 sqft
    2018-02-01 95 days 1,966 sqft
    2018-03-01 85 days 1,974 sqft
    2018-04-01 82 days 1,990 sqft
    2018-05-01 80 days 2,007 sqft
    2018-06-01 78 days 1,977 sqft
    2018-07-01 81 days 1,946 sqft
    2018-08-01 86 days 1,955 sqft
    2018-09-01 93 days 1,973 sqft
    2018-10-01 94 days 2,002 sqft
    2018-11-01 98 days 2,007 sqft
    2018-12-01 109 days 1,960 sqft
    2019-01-01 117 days 1,950 sqft
    2019-02-01 115 days 1,967 sqft
    2019-03-01 107 days 2,013 sqft
    2019-04-01 91 days 2,020 sqft
    2019-05-01 87 days 2,017 sqft
    2019-06-01 79 days 2,100 sqft
    2019-07-01 78 days 2,118 sqft
    2019-08-01 75 days 2,154 sqft
    2019-09-01 77 days 2,181 sqft
    2019-10-01 78 days 2,173 sqft
    2019-11-01 74 days 2,203 sqft
    2019-12-01 80 days 2,175 sqft
    2020-01-01 88 days 2,130 sqft
    2020-02-01 86 days 2,155 sqft
    2020-03-01 81 days 2,112 sqft
    2020-04-01 75 days 2,068 sqft
    2020-05-01 79 days 2,144 sqft
    2020-06-01 67 days 2,198 sqft
    2020-07-01 52 days 2,153 sqft
    2020-08-01 51 days 2,114 sqft
    2020-09-01 48 days 2,120 sqft
    2020-10-01 46 days 2,044 sqft
    2020-11-01 45 days 1,967 sqft
    2020-12-01 50 days 1,971 sqft
    2021-01-01 57 days 2,002 sqft
    2021-02-01 40 days 1,941 sqft
    2021-03-01 38 days 1,909 sqft
    2021-04-01 36 days 1,898 sqft
    2021-05-01 24 days 1,872 sqft
    2021-06-01 26 days 1,838 sqft
    2021-07-01 30 days 1,827 sqft
    2021-08-01 39 days 1,833 sqft
    2021-09-01 41 days 1,824 sqft
    2021-10-01 42 days 1,848 sqft
    2021-11-01 48 days 1,851 sqft
    2021-12-01 56 days 1,930 sqft
    2022-01-01 63 days 1,934 sqft
    2022-02-01 43 days 1,901 sqft
    2022-03-01 33 days 1,853 sqft
    2022-04-01 28 days 1,840 sqft
    Columbus's median listing age (time on market) for 2022-04-01 was 28 days. This is -21% shorter than the same period one year ago.

    Columbus's median square footage for active listings during the 2022-04-01 period was 1,840 sqft. One year prior, the average listing was 1,898 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.