Daphne VA Loan Rates, Closing Costs & Stats

DAPHNE-FAIRHOPE-FOLEY, 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 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.

    Daphne's 106 lenders originated 880 VA loans during 2024. The total origination value was $314,710,000, with an average VA loan value of $357,625.

    Daphne VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Daphne averaged 0.16% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Daphne's average VA mortgage closing costs are $6,020.

    The average rate for the prior week (2025-06-27) was 6.49% and one month ago for the week of 2025-05-30, the average rate was 6.62%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.03%.

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

    Daphne 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 Daphne level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 168 4.69% $5,412
    Mortgage Research Center, LLC 93 6.40% $5,321
    UNITED WHOLESALE MORTGAGE, LLC 76 6.06% $7,159
    QUICKEN LOANS, LLC 37 5.94% $10,691
    NAVY FEDERAL CREDIT UNION 33 5.86% $5,191
    FREEDOM MORTGAGE CORPORATION 27 6.21% $10,630
    NEW DAY FINANCIAL, LLC 18 7.57% $16,947
    DSLD MORTGAGE, LLC 18 6.08% $3,112
    USAA Federal Savings Bank 17 6.38% $6,959
    FirstBank 16 6.15% $8,807
    VILLAGE CAPITAL MORTGAGE 15 5.68% $6,413
    PENNYMAC LOAN SERVICES, LLC 15 6.01% $9,695
    EAGLE HOME MORTGAGE, LLC 13 4.64% $3,153
    GMFS LLC 12 6.40% $6,981
    CMG MORTGAGE, INC. 12 6.00% $10,080
    NEWREZ LLC 12 6.23% $7,520
    Trustmark National Bank 11 6.50% $6,802
    The Federal Savings Bank 8 6.22% $19,064
    PLANET HOME LENDING, LLC 7 4.92% $10,143
    SWBC MORTGAGE CORPORATION 7 6.04% $10,483
    MOVEMENT MORTGAGE, LLC 7 6.29% $6,686
    GoPrime Mortgage, Inc. 6 6.63% $4,419
    Mr. Cooper ( Nationstar Mortgage ) 6 6.21% $14,857
    First Federal Bank, A FSB 6 5.96% $8,125
    LOANDEPOT.COM, LLC 5 6.05% $12,268
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.40% $14,123
    Regions Bank 5 6.10% $10,464
    BROKER SOLUTIONS, INC. 5 6.27% $17,575
    City National Bank of Florida 5 5.67% $7,970
    Plains Commerce Bank 5 6.55% $5,295
    Barrington Bank & Trust Company, N.A. 5 5.90% $6,012
    TOWNE MORTGAGE COMPANY 5 5.85% $10,647
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 5.97% $4,747
    NBKC BANK 5 6.22% $7,728
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.28% $1,554
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.38% $13,424
    NATIONS DIRECT MORTGAGE, LLC 4 5.90% $8,366
    Ameris Bank 4 6.59% $5,775
    Flagstar Bank, FSB 4 6.28% $13,232
    Mid-Continent Funding, Inc. 4 6.50% $11,880
    Magnolia Bank 4 6.00% $12,407
    Prosperity Home Mortgage, LLC 3 6.50% $9,578
    AMERISAVE MORTGAGE CORPORATION 3 6.00% $14,180
    BancorpSouth 3 6.38% $8,582
    BankPlus 3 6.25% $3,663
    CARDINAL FINANCIAL 3 6.66% $7,499
    LAKEVIEW LOAN SERVICING, LLC 3 5.66% $3,983
    PENTAGON FEDERAL CREDIT UNION 3 6.42% $8,107
    UNION HOME MORTGAGE CORP. 3 6.29% $6,817
    Nations Lending Corporation 2 6.38% $14,278
    S1L, Inc. 2 6.19% $4,054
    ServisFirst Bank 2 6.56% $5,648
    EMBRACE HOME LOANS, INC. 2 6.18% $10,926
    South State Bank 2 5.75% $6,832
    STOCKTON MORTGAGE CORPORATION 2 6.19% $12,645
    SUN WEST MORTGAGE COMPANY, INC. 2 6.25% $5,808
    COMPASS MORTGAGE, INC. 2 6.87% $7,551
    MID AMERICA MORTGAGE, INC. 2 6.44% $5,007
    GUARANTEED RATE, INC. 2 5.69% $1,439
    The Loan Store, Inc. 2 6.13% $7,501
    TJC Mortgage, Inc. 2 6.56% $14,663
    Bank of England 2 6.69% $5,538
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.25% $1,753
    Tyndall Federal Credit Union 2 5.94% $9,657
    Gateway First Bank 2 6.44% $16,556
    Equity Prime Mortgage LLC 2 6.13% $5,990
    Armed Forces Bank 2 6.25% $11,786
    NORWICH COMMERCIAL GROUP, INC. 2 6.00% $2,245
    Carrington Mortgage Services, LLC 2 6.25% $14,813
    Paramount Residential Mortgage Group, Inc. 2 6.56% $5,940
    CROSSCOUNTRY MORTGAGE, LLC 2 5.72% $4,249
    Renasant Bank 1 5.75% $3,568
    ROYAL UNITED MORTGAGE LLC 1 6.50% $9,802
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.13% $3,411
    CANOPY MORTGAGE, LLC 1 5.25% $2,366
    Synovus Bank 1 5.75% $3,174
    BANKSOUTH MORTGAGE COMPANY, LLC 1 6.75% $3,219
    Assurance Financial Group, L.L.C. 1 7.75% $1,310
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $12,509
    United Community Bank 1 5.75% $36,530
    University Bank 1 5.75% $6,928
    Lakeview Community Capital, LLC 1 5.25% $4,398
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $16,202
    INSPIRE HOME LOANS INC. 1 3.88% $1,195
    Legends Bank 1 6.50% $2,779
    LOANPAL, LLC 1 5.50% $11,618
    Merchants Bank of Indiana 1 6.75% $4,305
    MILEND, INC. 1 6.13% $9,140
    First Horizon Bank 1 6.13% $4,683
    First Federal Bank 1 5.50% $2,013
    EVERETT FINANCIAL, INC. 1 6.63% $11,943
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.13% $0
    East Coast Capital Corp. 1 6.13% $19,457
    DIRECT MORTGAGE LOANS, LLC 1 6.63% $18,957
    DIRECT LENDERS, LLC 1 5.75% $11,501
    NFM, INC. 1 6.25% $6,300
    North American Savings Bank, F.S.B. 1 6.25% $5,224
    U.S. Bank 1 6.13% $819
    Pinnacle Bank 1 5.25% $3,176
    CHURCHILL MORTGAGE CORPORATION 1 7.50% $6,774
    PLAZA HOME MORTGAGE, INC. 1 7.25% $8,021
    PREMIA MORTGAGE, LLC 1 6.75% $316
    Presidential Bank, FSB 1 6.25% $8,170
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $3,741
    Century Mortgage Company DBA Century Lending Company 1 6.63% $3,370
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $24,268

    The top Daphne VA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 168 VA loans originated. Their average total fees are $5,412, which is $91 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Daphne VA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($3,112), EAGLE HOME MORTGAGE, LLC ($3,153), NAVY FEDERAL CREDIT UNION ($5,191), Mortgage Research Center, LLC ($5,321) and DHI MORTGAGE COMPANY, LTD. ($5,412).

    The lowest rate Daphne VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.64%), DHI MORTGAGE COMPANY, LTD. (4.69%), VILLAGE CAPITAL MORTGAGE (5.68%), NAVY FEDERAL CREDIT UNION (5.86%) and QUICKEN LOANS, LLC (5.94%).

    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.