Cullman VA Loan Rates, Closing Costs & Stats

Cullman, AL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Cullman's 51 lenders originated 202 VA loans during 2024. The total origination value was $60,260,000, with an average VA loan value of $298,317.

    Cullman VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cullman averaged 0.36% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Cullman's average VA mortgage closing costs are $5,580.

    The average rate for the prior week (2025-06-13) was 6.5% and one month ago for the week of 2025-05-16, the average rate was 6.66%.

    The average rate one year ago was 6.46%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.26%.

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

    Cullman 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 Cullman level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 32 6.47% $4,697
    UNITED WHOLESALE MORTGAGE, LLC 23 6.24% $10,745
    FREEDOM MORTGAGE CORPORATION 17 6.38% $7,120
    Flagstar Bank, FSB 13 6.17% $3,137
    QUICKEN LOANS, LLC 8 6.04% $8,919
    PENNYMAC LOAN SERVICES, LLC 8 5.67% $10,045
    VILLAGE CAPITAL MORTGAGE 6 5.85% $4,310
    GUILD MORTGAGE COMPANY 5 6.53% $9,581
    STOCKTON MORTGAGE CORPORATION 5 6.03% $4,600
    DHI MORTGAGE COMPANY, LTD. 4 5.19% $4,599
    USAA Federal Savings Bank 4 6.34% $6,215
    LOANDEPOT.COM, LLC 4 6.56% $5,639
    Renasant Bank 4 6.00% $6,030
    First Federal Bank, A FSB 4 6.16% $7,707
    NAVY FEDERAL CREDIT UNION 4 5.88% $8,070
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 8.00% $179
    LAKEVIEW LOAN SERVICING, LLC 3 5.92% $4,509
    Mr. Cooper ( Nationstar Mortgage ) 3 6.71% $6,087
    NEW DAY FINANCIAL, LLC 2 7.37% $4,921
    FirstBank 2 6.44% $5,346
    Prosperity Home Mortgage, LLC 2 5.69% $6,357
    BROKER SOLUTIONS, INC. 2 7.37% $5,873
    MORTGAGE INVESTORS GROUP, INC. 2 6.19% $12,906
    CARDINAL FINANCIAL 2 6.25% $7,695
    Synovus Bank 2 6.69% $3,988
    The Federal Savings Bank 2 5.56% $24,649
    Magnolia Bank 2 6.00% $11,359
    Nations Lending Corporation 1 6.63% $27,502
    Assurance Financial Group, L.L.C. 1 6.75% $1,304
    CANOPY MORTGAGE, LLC 1 6.50% $7,033
    Carrington Mortgage Services, LLC 1 5.63% $7,754
    Century Mortgage Company DBA Century Lending Company 1 4.75% $5,878
    CLEARPATH LENDING 1 5.50% $6,362
    ENDEAVOR CAPITAL, LLC. 1 6.63% $10,799
    Equity Prime Mortgage LLC 1 6.75% $4,224
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $2,989
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $3,202
    GMFS LLC 1 5.99% $1,930
    GoPrime Mortgage, Inc. 1 7.38% $4,427
    GUARANTEED RATE, INC. 1 5.25% $1,469
    Hamilton Mortgage Corporation 1 7.13% $2,091
    LIBERTY HOME MORTGAGE CORPORATION 1 6.38% $9,576
    MID AMERICA MORTGAGE, INC. 1 7.13% $2,589
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.63% $9,393
    NBKC BANK 1 6.13% $1,043
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $3,972
    Princeton Mortgage Corporation 1 6.75% $3,060
    REDSTONE Federal Credit Union 1 6.25% $2,545
    Regions Bank 1 5.50% $4,279
    SUMMIT FUNDING, INC. 1 6.63% $15,730
    The Loan Store, Inc. 1 4.88% $2,339

    The top Cullman VA lender as defined by loan originations is Mortgage Research Center, LLC, with 32 VA loans originated. Their average total fees are $4,697, which is $6,048 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Cullman VA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($3,137), Mortgage Research Center, LLC ($4,697), FREEDOM MORTGAGE CORPORATION ($7,120), UNITED WHOLESALE MORTGAGE, LLC ($10,745) and .

    The lowest rate Cullman VA lenders (with over 10 loans originated) are Flagstar Bank, FSB (6.17%), UNITED WHOLESALE MORTGAGE, LLC (6.24%), FREEDOM MORTGAGE CORPORATION (6.38%), Mortgage Research Center, LLC (6.47%) and .

    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.