Columbus VA Loan Rates, Closing Costs & Stats

COLUMBUS, GA-AL

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 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 6.52% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Columbus's average VA mortgage closing costs are $4,816.

The average rate for the prior week (2022-11-25) was 6.66% and one month ago for the week of 2022-10-28, the average rate was 6.94%.

The average rate one year ago was 3.52%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.46%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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 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 MORTGAGE (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 $159,448 (11.6%) $205,810 (12.7%) 0.59 1,477
2018-02-01 $158,495 (8.9%) $204,594 (10.8%) 0.58 1,480
2018-03-01 $159,500 (6.4%) $206,910 (10.5%) 0.56 1,488
2018-04-01 $162,813 (6.4%) $211,427 (11.7%) 0.55 1,514
2018-05-01 $164,000 (5.9%) $212,139 (10.5%) 0.55 1,533
2018-06-01 $159,900 (3.2%) $204,225 (5.2%) 0.53 1,554
2018-07-01 $158,945 (2.6%) $204,906 (4.2%) 0.53 1,559
2018-08-01 $157,000 (1.3%) $200,457 (1.4%) 0.53 1,570
2018-09-01 $160,000 (3.2%) $205,032 (1.5%) 0.54 1,540
2018-10-01 $159,950 (3.7%) $206,544 (3.0%) 0.54 1,537
2018-11-01 $159,125 (1.7%) $208,126 (3.5%) 0.54 1,538
2018-12-01 $159,900 (2.6%) $210,296 (3.8%) 0.55 1,541
2019-01-01 $159,995 (0.3%) $212,428 (3.2%) 0.55 1,443
2019-02-01 $164,150 (3.6%) $212,804 (4.0%) 0.55 1,432
2019-03-01 $164,900 (3.4%) $218,747 (5.7%) 0.54 1,331
2019-04-01 $163,823 (0.6%) $222,732 (5.4%) 0.52 1,266
2019-05-01 $161,448 (-1.6%) $226,913 (7.0%) 0.50 1,230
2019-06-01 $165,000 (3.2%) $227,676 (11.5%) 0.52 1,211
2019-07-01 $167,879 (5.6%) $232,265 (13.4%) 0.53 1,122
2019-08-01 $176,977 (12.7%) $237,332 (18.4%) 0.56 1,093
2019-09-01 $179,943 (12.5%) $240,700 (17.4%) 0.58 1,086
2019-10-01 $186,125 (16.4%) $245,528 (18.9%) 0.60 1,081
2019-11-01 $189,900 (19.3%) $247,024 (18.7%) 0.62 1,056
2019-12-01 $186,750 (16.8%) $246,862 (17.4%) 0.62 1,025
2020-01-01 $183,800 (14.9%) $245,965 (15.8%) 0.61 974
2020-02-01 $189,750 (15.6%) $251,413 (18.1%) 0.62 927
2020-03-01 $181,968 (10.4%) $246,223 (12.6%) 0.57 879
2020-04-01 $179,200 (9.4%) $243,415 (9.3%) 0.56 875
2020-05-01 $179,900 (11.4%) $248,722 (9.6%) 0.55 773
2020-06-01 $199,900 (21.2%) $261,683 (14.9%) 0.59 694
2020-07-01 $199,700 (19.0%) $261,048 (12.4%) 0.58 626
2020-08-01 $199,900 (13.0%) $267,933 (12.9%) 0.57 571
2020-09-01 $193,450 (7.5%) $287,763 (19.6%) 0.55 491
2020-10-01 $195,158 (4.9%) $287,180 (17.0%) 0.56 511
2020-11-01 $194,290 (2.3%) $274,908 (11.3%) 0.57 529
2020-12-01 $179,950 (-3.6%) $271,716 (10.1%) 0.53 518
2021-01-01 $194,700 (5.9%) $278,962 (13.4%) 0.58 465
2021-02-01 $188,650 (-0.6%) $271,209 (7.9%) 0.55 439
2021-03-01 $186,850 (2.7%) $272,395 (10.6%) 0.53 395
2021-04-01 $191,000 (6.6%) $285,833 (17.4%) 0.52 373
2021-05-01 $189,300 (5.2%) $275,163 (10.6%) 0.50 375
2021-06-01 $186,900 (-6.5%) $270,957 (3.5%) 0.49 402
2021-07-01 $185,000 (-7.4%) $280,891 (7.6%) 0.49 489
2021-08-01 $189,900 (-5.0%) $278,741 (4.0%) 0.51 503
2021-09-01 $189,900 (-1.8%) $291,574 (1.3%) 0.51 530
2021-10-01 $189,900 (-2.7%) $283,321 (-1.3%) 0.51 529
2021-11-01 $186,450 (-4.0%) $285,491 (3.9%) 0.50 543
2021-12-01 $189,900 (5.5%) $295,473 (8.7%) 0.51 443
2022-01-01 $189,500 (-2.7%) $318,020 (14.0%) 0.51 363
2022-02-01 $184,250 (-2.3%) $315,105 (16.2%) 0.48 335
2022-03-01 $185,750 (-0.6%) $307,530 (12.9%) 0.47 338
2022-04-01 $175,000 (-8.4%) $275,080 (-3.8%) 0.42 363
2022-05-01 $201,350 (6.4%) $279,708 (1.7%) 0.46 418
2022-06-01 $227,400 (21.7%) $298,178 (10.1%) 0.51 470
2022-07-01 $235,000 (27.0%) $299,312 (6.6%) 0.53 543
2022-08-01 $219,925 (15.8%) $335,324 (20.3%) 0.51 552
2022-09-01 $221,125 (16.4%) $334,570 (14.8%) 0.52 557
2022-10-01 $230,000 (21.1%) $299,785 (5.8%) 0.54 604
2022-11-01 $231,175 (24.0%) $293,171 (2.7%) 0.56 592
Columbus's median listing price for 2022-11-01 was $231,175, a difference of $44,725 (24.0%) versus the prior year and $1,175 versus the prior month.

Columbus's median listing price comes in at 56% of the national average.

Columbus's average listing price for 2022-11-01 was $293,171, a difference of $7,680 (2.7%) versus the prior year and $-6,614 versus the prior month.

For the 2022-11-01 period, Columbus had 592 MLS listings, a difference of -12 listings (-2%) versus the prior month and 49 listings (9%) 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
2018-01-01 107 days 1,924 sqft
2018-02-01 99 days 1,934 sqft
2018-03-01 94 days 1,926 sqft
2018-04-01 85 days 1,927 sqft
2018-05-01 82 days 1,970 sqft
2018-06-01 81 days 1,937 sqft
2018-07-01 83 days 1,916 sqft
2018-08-01 88 days 1,922 sqft
2018-09-01 94 days 1,937 sqft
2018-10-01 95 days 1,950 sqft
2018-11-01 101 days 1,943 sqft
2018-12-01 114 days 1,932 sqft
2019-01-01 120 days 1,926 sqft
2019-02-01 116 days 1,943 sqft
2019-03-01 107 days 1,953 sqft
2019-04-01 95 days 1,952 sqft
2019-05-01 89 days 1,943 sqft
2019-06-01 82 days 2,001 sqft
2019-07-01 81 days 2,023 sqft
2019-08-01 81 days 2,041 sqft
2019-09-01 81 days 2,063 sqft
2019-10-01 80 days 2,101 sqft
2019-11-01 77 days 2,155 sqft
2019-12-01 84 days 2,115 sqft
2020-01-01 94 days 2,102 sqft
2020-02-01 96 days 2,109 sqft
2020-03-01 87 days 2,074 sqft
2020-04-01 79 days 2,020 sqft
2020-05-01 82 days 2,066 sqft
2020-06-01 73 days 2,147 sqft
2020-07-01 58 days 2,128 sqft
2020-08-01 54 days 2,089 sqft
2020-09-01 55 days 2,034 sqft
2020-10-01 46 days 2,019 sqft
2020-11-01 48 days 1,982 sqft
2020-12-01 52 days 1,947 sqft
2021-01-01 60 days 2,002 sqft
2021-02-01 40 days 1,907 sqft
2021-03-01 36 days 1,886 sqft
2021-04-01 37 days 1,879 sqft
2021-05-01 23 days 1,824 sqft
2021-06-01 24 days 1,822 sqft
2021-07-01 29 days 1,794 sqft
2021-08-01 38 days 1,824 sqft
2021-09-01 40 days 1,790 sqft
2021-10-01 43 days 1,806 sqft
2021-11-01 45 days 1,838 sqft
2021-12-01 57 days 1,903 sqft
2022-01-01 61 days 1,866 sqft
2022-02-01 36 days 1,821 sqft
2022-03-01 28 days 1,765 sqft
2022-04-01 25 days 1,721 sqft
2022-05-01 23 days 1,831 sqft
2022-06-01 29 days 1,898 sqft
2022-07-01 32 days 1,954 sqft
2022-08-01 39 days 1,880 sqft
2022-09-01 45 days 1,883 sqft
2022-10-01 44 days 1,976 sqft
2022-11-01 54 days 1,990 sqft
Columbus's median listing age (time on market) for 2022-11-01 was 54 days. This is 20% longer than the same period one year ago.

Columbus's median square footage for active listings during the 2022-11-01 period was 1,990 sqft. One year prior, the average listing was 1,838 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.