Columbus VA Loans

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 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.