Dalton VA Loan Rates, Closing Costs & Stats

DALTON, GA

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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.

    Dalton's 34 lenders originated 118 VA loans during 2023. The total origination value was $33,330,000, with an average VA loan value of $282,458.

    Dalton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dalton averaged 6.39% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Dalton's average VA mortgage closing costs are $5,622.

    The average rate for the prior week (2024-11-01) was 6.55% and one month ago for the week of 2024-10-04, the average rate was 5.88%.

    The average rate one year ago was 7.43%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.68%.

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

    Dalton 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 Dalton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 29 6.94% $4,825
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 7.19% $6,332
    FirstBank 6 6.25% $5,553
    QUICKEN LOANS, LLC 6 6.08% $15,063
    STOCKTON MORTGAGE CORPORATION 6 6.29% $8,664
    UNITED WHOLESALE MORTGAGE, LLC 6 5.73% $9,724
    NAVY FEDERAL CREDIT UNION 5 5.98% $6,913
    MOVEMENT MORTGAGE, LLC 5 6.85% $6,638
    UNION HOME MORTGAGE CORP. 3 7.29% $6,635
    Mid-Continent Funding, Inc. 3 6.42% $5,598
    BANKSOUTH MORTGAGE COMPANY, LLC 3 5.96% $4,477
    CROSSCOUNTRY MORTGAGE, LLC 3 6.52% $8,480
    PENNYMAC LOAN SERVICES, LLC 3 5.88% $11,308
    MORTGAGE INVESTORS GROUP, INC. 2 5.94% $4,409
    NEW DAY FINANCIAL, LLC 2 7.75% $8,178
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.25% $10,376
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.13% $6,851
    The Federal Savings Bank 1 7.50% $22,768
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $3,965
    USAA Federal Savings Bank 1 7.50% $2,296
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $20,977
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.13% $7,653
    Barrington Bank & Trust Company, N.A. 1 6.13% $2,030
    Flagstar Bank, FSB 1 6.75% $6,071
    FREEDOM MORTGAGE CORPORATION 1 6.75% $5,711
    GUARANTEED RATE, INC. 1 6.13% $13,044
    GUILD MORTGAGE COMPANY 1 6.63% $3,739
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $4,320
    LEADERONE FINANCIAL CORPORATION 1 6.75% $8,120
    MID AMERICA MORTGAGE, INC. 1 6.63% $4,164
    MY MORTGAGE, INC. 1 7.13% $16,211
    Prosperity Home Mortgage, LLC 1 5.25% $6,913
    Regions Bank 1 5.25% $26,304
    Renasant Bank 1 7.50% $6,776

    The top Dalton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 29 VA loans originated. Their average total fees are $4,825, which is $1,507 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Dalton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,825), .

    The lowest rate Dalton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.94%), .

    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.