Decatur VA Loan Rates, Closing Costs & Stats

DECATUR, 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.

    Decatur's 80 lenders originated 342 VA loans during 2024. The total origination value was $110,760,000, with an average VA loan value of $323,860.

    Decatur VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Decatur averaged 0.55% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Decatur's average VA mortgage closing costs are $5,704.

    The average rate for the prior week (2025-06-27) was 6.48% and one month ago for the week of 2025-05-30, the average rate was 6.91%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.13%.

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

    Decatur 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 Decatur level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 59 6.58% $4,930
    UNITED WHOLESALE MORTGAGE, LLC 29 5.86% $5,918
    FREEDOM MORTGAGE CORPORATION 20 6.06% $7,761
    QUICKEN LOANS, LLC 20 6.20% $9,719
    BROKER SOLUTIONS, INC. 10 6.46% $10,549
    PENNYMAC LOAN SERVICES, LLC 9 5.56% $5,796
    MOVEMENT MORTGAGE, LLC 6 6.46% $5,052
    UNION HOME MORTGAGE CORP. 6 6.19% $8,040
    STOCKTON MORTGAGE CORPORATION 6 5.08% $13,561
    REDSTONE Federal Credit Union 6 5.98% $9,689
    Trustmark National Bank 5 6.18% $4,083
    USAA Federal Savings Bank 5 6.23% $6,998
    NAVY FEDERAL CREDIT UNION 5 6.03% $5,925
    VILLAGE CAPITAL MORTGAGE 5 5.80% $4,932
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.65% $7,206
    NEW DAY FINANCIAL, LLC 5 7.69% $10,012
    DHI MORTGAGE COMPANY, LTD. 4 5.12% $4,720
    Equity Prime Mortgage LLC 4 6.31% $4,671
    Barrington Bank & Trust Company, N.A. 4 6.38% $6,180
    PLANET HOME LENDING, LLC 4 6.44% $8,788
    FirstBank 3 6.13% $4,941
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.08% $7,368
    First Federal Bank 3 5.50% $17,672
    NEWREZ LLC 3 6.08% $6,122
    The Federal Savings Bank 3 6.63% $12,953
    LOANDEPOT.COM, LLC 3 5.41% $8,600
    LAKEVIEW LOAN SERVICING, LLC 3 5.66% $4,950
    Magnolia Bank 3 5.67% $19,142
    Carrington Mortgage Services, LLC 2 5.75% $10,465
    Assurance Financial Group, L.L.C. 2 7.13% $7,119
    CMG MORTGAGE, INC. 2 6.38% $19,060
    FIRST COLONY MORTGAGE CORPORATION 2 6.19% $10,115
    GMFS LLC 2 6.50% $8,149
    Hamilton Mortgage Corporation 2 6.75% $14,177
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.25% $2,032
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $3,543
    NBKC BANK 2 6.00% $2,567
    PHH Mortgage Corporation 2 5.75% $6,373
    South State Bank 2 6.31% $5,900
    SUN WEST MORTGAGE COMPANY, INC. 2 6.75% $3,302
    Synovus Bank 2 6.00% $11,018
    TJC Mortgage, Inc. 2 6.06% $4,306
    Wells Fargo Bank 2 6.00% $12,115
    United Community Bank 1 6.50% $5,967
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $23,716
    GUARANTEED RATE, INC. 1 6.63% $2,677
    Bank of England 1 7.13% $11,606
    Flagstar Bank, FSB 1 6.38% $13,649
    First Federal Bank, A FSB 1 6.50% $11,510
    Northpointe Bank 1 6.63% $3,345
    EMBRACE HOME LOANS, INC. 1 5.99% $4,986
    Atlantic Coast Mortgage, LLC 1 6.25% $26,704
    CONTOUR MORTGAGE CORPORATION 1 6.75% $5,512
    PNC Bank 1 5.75% $19,058
    Prosperity Home Mortgage, LLC 1 5.75% $15,856
    Consumer First Mortgage, Inc. 1 7.25% $7,082
    Century Mortgage Company DBA Century Lending Company 1 6.13% $5,160
    Regions Bank 1 5.75% $19,594
    ROYAL UNITED MORTGAGE LLC 1 6.63% $8,459
    SouthPoint Bank 1 5.75% $7,874
    U.S. Bank 1 5.63% $328
    CB&S Bank, Inc. 1 6.63% $1,668
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.75% $16,557
    Victorian Finance, LLC 1 5.75% $5,493
    T2 FINANCIAL LLC 1 7.25% $3,418
    AmeriHome Mortgage Company, LLC 1 6.63% $6,922
    The Loan Store, Inc. 1 6.13% $1,948
    AMERISAVE MORTGAGE CORPORATION 1 4.75% $21,826
    Total Media Management, LLC 1 7.13% $0
    TOWNE MORTGAGE COMPANY 1 6.75% $4,728
    CARDINAL FINANCIAL 1 6.63% $4,094
    Lakeview Community Capital, LLC 1 5.25% $4,025
    JPMorgan Chase Bank 1 5.00% $4,047
    HOMESIDE FINANCIAL, LLC 1 7.13% $19,176
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.63% $5,230
    Mid-Continent Funding, Inc. 1 6.25% $7,984
    MORTGAGE ACCESS CORP. 1 6.13% $3,671
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $45,036
    CANOPY MORTGAGE, LLC 1 6.63% $24,109
    GUILD MORTGAGE COMPANY 1 5.75% $5,142

    The top Decatur VA lender as defined by loan originations is Mortgage Research Center, LLC, with 59 VA loans originated. Their average total fees are $4,930, which is $988 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Decatur VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,930), UNITED WHOLESALE MORTGAGE, LLC ($5,918), FREEDOM MORTGAGE CORPORATION ($7,761), QUICKEN LOANS, LLC ($9,719) and BROKER SOLUTIONS, INC. ($10,549).

    The lowest rate Decatur VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.86%), FREEDOM MORTGAGE CORPORATION (6.06%), QUICKEN LOANS, LLC (6.20%), BROKER SOLUTIONS, INC. (6.46%) and Mortgage Research Center, LLC (6.58%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Decatur (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 $175,175 (16.9%) $216,029 (17.1%) 0.65 560
    2018-02-01 $174,925 (16.7%) $218,289 (20.5%) 0.64 558
    2018-03-01 $175,000 (16.7%) $218,806 (17.3%) 0.61 537
    2018-04-01 $182,400 (14.1%) $223,722 (16.8%) 0.62 518
    2018-05-01 $179,950 (9.6%) $218,401 (11.9%) 0.60 545
    2018-06-01 $179,993 (6.2%) $216,990 (5.2%) 0.60 554
    2018-07-01 $187,900 (10.6%) $226,759 (9.3%) 0.63 523
    2018-08-01 $179,900 (5.9%) $223,650 (7.4%) 0.60 521
    2018-09-01 $189,500 (11.5%) $226,709 (9.0%) 0.64 504
    2018-10-01 $184,900 (8.9%) $224,935 (9.1%) 0.63 499
    2018-11-01 $183,675 (8.1%) $225,595 (9.4%) 0.62 485
    2018-12-01 $185,000 (8.9%) $227,662 (6.3%) 0.64 474
    2019-01-01 $182,450 (4.2%) $226,490 (4.8%) 0.63 452
    2019-02-01 $184,925 (5.7%) $225,725 (3.4%) 0.62 435
    2019-03-01 $182,757 (4.4%) $226,306 (3.4%) 0.60 399
    2019-04-01 $180,257 (-1.2%) $229,471 (2.6%) 0.57 374
    2019-05-01 $192,100 (6.8%) $241,353 (10.5%) 0.60 376
    2019-06-01 $199,900 (11.1%) $247,243 (13.9%) 0.62 377
    2019-07-01 $195,950 (4.3%) $250,493 (10.5%) 0.61 381
    2019-08-01 $205,000 (14.0%) $257,534 (15.2%) 0.65 378
    2019-09-01 $205,000 (8.2%) $260,543 (14.9%) 0.66 374
    2019-10-01 $202,500 (9.5%) $262,011 (16.5%) 0.65 370
    2019-11-01 $204,999 (11.6%) $266,853 (18.3%) 0.67 354
    2019-12-01 $199,900 (8.1%) $265,523 (16.6%) 0.67 331
    2020-01-01 $206,600 (13.2%) $270,067 (19.2%) 0.69 310
    2020-02-01 $204,000 (10.3%) $264,616 (17.2%) 0.67 294
    2020-03-01 $210,690 (15.3%) $254,885 (12.6%) 0.66 254
    2020-04-01 $217,450 (20.6%) $265,849 (15.9%) 0.68 248
    2020-05-01 $220,000 (14.5%) $260,523 (7.9%) 0.67 241
    2020-06-01 $215,225 (7.7%) $252,965 (2.3%) 0.63 218
    2020-07-01 $216,400 (10.4%) $255,870 (2.2%) 0.63 221
    2020-08-01 $229,900 (12.2%) $284,330 (10.4%) 0.66 200
    2020-09-01 $229,925 (12.2%) $285,807 (9.7%) 0.66 196
    2020-10-01 $229,900 (13.5%) $291,237 (11.2%) 0.66 192
    2020-11-01 $228,791 (11.6%) $289,256 (8.4%) 0.67 181
    2020-12-01 $224,900 (12.5%) $285,079 (7.4%) 0.67 175
    2021-01-01 $223,750 (8.3%) $291,958 (8.1%) 0.67 152
    2021-02-01 $235,338 (15.4%) $310,661 (17.4%) 0.69 124
    2021-03-01 $232,700 (10.5%) $308,594 (21.1%) 0.66 131
    2021-04-01 $258,675 (19.0%) $327,041 (23.0%) 0.70 121
    2021-05-01 $287,000 (30.5%) $357,547 (37.2%) 0.76 114
    2021-06-01 $266,475 (23.8%) $362,588 (43.3%) 0.70 122
    2021-07-01 $264,000 (22.0%) $347,425 (35.8%) 0.70 137
    2021-08-01 $265,303 (15.4%) $378,191 (33.0%) 0.71 154
    2021-09-01 $264,900 (15.2%) $389,977 (36.5%) 0.71 172
    2021-10-01 $270,000 (17.4%) $387,748 (33.1%) 0.72 187
    2021-11-01 $269,375 (17.7%) $389,327 (34.6%) 0.72 185
    2021-12-01 $260,925 (16.0%) $362,874 (27.3%) 0.71 170
    2022-01-01 $259,000 (15.8%) $351,285 (20.3%) 0.70 142
    2022-02-01 $269,000 (14.3%) $376,666 (21.3%) 0.70 111
    2022-03-01 $269,925 (16.0%) $364,260 (18.0%) 0.68 126
    2022-04-01 $250,000 (-3.4%) $342,090 (4.6%) 0.60 132
    2022-05-01 $281,167 (-2.0%) $338,770 (-5.3%) 0.64 177
    2022-06-01 $285,500 (7.1%) $332,484 (-8.3%) 0.64 217
    2022-07-01 $275,000 (4.2%) $331,967 (-4.5%) 0.62 266
    2022-08-01 $299,450 (12.9%) $336,299 (-11.1%) 0.69 272
    2022-09-01 $299,900 (13.2%) $331,694 (-15.0%) 0.70 268
    2022-10-01 $304,900 (12.9%) $333,539 (-14.0%) 0.72 267
    2022-11-01 $297,000 (10.3%) $332,697 (-14.6%) 0.71 258
    2022-12-01 $289,900 (11.1%) $345,022 (-4.9%) 0.72 245
    2023-01-01 $307,450 (18.7%) $357,434 (1.8%) 0.76 207
    2023-02-01 $307,450 (14.3%) $356,633 (-5.3%) 0.74 200
    2023-03-01 $298,397 (10.6%) $351,605 (-3.5%) 0.70 195
    2023-04-01 $310,900 (24.4%) $356,252 (4.1%) 0.72 174
    2023-05-01 $343,150 (22.0%) $384,075 (13.4%) 0.78 183
    2023-06-01 $336,125 (17.7%) $382,992 (15.2%) 0.76 187
    2023-07-01 $315,000 (14.6%) $377,515 (13.7%) 0.72 226
    2023-08-01 $318,933 (6.5%) $380,875 (13.3%) 0.73 241
    2023-09-01 $302,450 (0.9%) $375,564 (13.2%) 0.70 258
    2023-10-01 $299,450 (-1.8%) $366,002 (9.7%) 0.70 290
    2023-11-01 $294,850 (-0.7%) $359,236 (8.0%) 0.70 306
    2023-12-01 $294,900 (1.7%) $352,193 (2.1%) 0.72 320
    2024-01-01 $295,950 (-3.7%) $353,397 (-1.1%) 0.72 300
    2024-02-01 $297,900 (-3.1%) $362,572 (1.7%) 0.72 302
    2024-03-01 $296,900 (-0.5%) $344,664 (-2.0%) 0.70 292
    2024-04-01 $296,900 (-4.5%) $349,754 (-1.8%) 0.69 276
    2024-05-01 $299,250 (-12.8%) $361,129 (-6.0%) 0.68 322
    2024-06-01 $296,900 (-11.7%) $351,315 (-8.3%) 0.67 364
    2024-07-01 $294,925 (-6.4%) $358,348 (-5.1%) 0.67 363
    2024-08-01 $299,000 (-6.3%) $369,094 (-3.1%) 0.70 361
    2024-09-01 $287,475 (-5.0%) $365,066 (-2.8%) 0.68 424
    2024-10-01 $287,700 (-3.9%) $361,524 (-1.2%) 0.68 458
    2024-11-01 $289,900 (-1.7%) $360,564 (0.4%) 0.70 446
    2024-12-01 $282,500 (-4.2%) $354,467 (0.7%) 0.70 460
    2025-01-01 $279,800 (-5.5%) $352,554 (-0.2%) 0.70 450
    2025-02-01 $278,625 (-6.5%) $349,486 (-3.6%) 0.68 452
    2025-03-01 $279,500 (-5.9%) $348,607 (1.1%) 0.66 464
    2025-04-01 $286,175 (-3.6%) $352,389 (0.8%) 0.66 481
    2025-05-01 $299,900 (0.2%) $358,705 (-0.7%) 0.68 469
    Decatur's median listing price for 2025-05-01 was $299,900, a difference of $650 (0.2%) versus the prior year and $13,725 versus the prior month.

    Decatur's median listing price comes in at 68% of the national average.

    Decatur's average listing price for 2025-05-01 was $358,705, a difference of $-2,424 (-0.7%) versus the prior year and $6,316 versus the prior month.

    For the 2025-05-01 period, Decatur had 469 MLS listings, a difference of -12 listings (-2%) versus the prior month and 147 listings (46%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Decatur (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 102 days 2,081 sqft
    2018-02-01 101 days 2,129 sqft
    2018-03-01 93 days 2,143 sqft
    2018-04-01 78 days 2,172 sqft
    2018-05-01 69 days 2,143 sqft
    2018-06-01 68 days 2,150 sqft
    2018-07-01 74 days 2,200 sqft
    2018-08-01 70 days 2,119 sqft
    2018-09-01 71 days 2,170 sqft
    2018-10-01 77 days 2,120 sqft
    2018-11-01 79 days 2,106 sqft
    2018-12-01 85 days 2,157 sqft
    2019-01-01 95 days 2,134 sqft
    2019-02-01 94 days 2,161 sqft
    2019-03-01 79 days 2,161 sqft
    2019-04-01 68 days 2,158 sqft
    2019-05-01 56 days 2,201 sqft
    2019-06-01 52 days 2,250 sqft
    2019-07-01 52 days 2,224 sqft
    2019-08-01 56 days 2,252 sqft
    2019-09-01 62 days 2,256 sqft
    2019-10-01 62 days 2,254 sqft
    2019-11-01 63 days 2,209 sqft
    2019-12-01 72 days 2,196 sqft
    2020-01-01 78 days 2,185 sqft
    2020-02-01 67 days 2,100 sqft
    2020-03-01 57 days 2,108 sqft
    2020-04-01 57 days 2,191 sqft
    2020-05-01 52 days 2,175 sqft
    2020-06-01 38 days 2,127 sqft
    2020-07-01 34 days 2,097 sqft
    2020-08-01 38 days 2,153 sqft
    2020-09-01 37 days 2,168 sqft
    2020-10-01 35 days 2,183 sqft
    2020-11-01 44 days 2,206 sqft
    2020-12-01 45 days 2,144 sqft
    2021-01-01 47 days 2,100 sqft
    2021-02-01 48 days 2,131 sqft
    2021-03-01 26 days 2,101 sqft
    2021-04-01 29 days 2,181 sqft
    2021-05-01 27 days 2,218 sqft
    2021-06-01 23 days 2,189 sqft
    2021-07-01 23 days 2,058 sqft
    2021-08-01 22 days 2,049 sqft
    2021-09-01 24 days 2,126 sqft
    2021-10-01 32 days 2,184 sqft
    2021-11-01 33 days 2,136 sqft
    2021-12-01 38 days 2,121 sqft
    2022-01-01 45 days 2,127 sqft
    2022-02-01 28 days 2,107 sqft
    2022-03-01 15 days 2,098 sqft
    2022-04-01 19 days 2,040 sqft
    2022-05-01 17 days 2,071 sqft
    2022-06-01 25 days 2,091 sqft
    2022-07-01 25 days 2,090 sqft
    2022-08-01 38 days 2,134 sqft
    2022-09-01 44 days 2,071 sqft
    2022-10-01 52 days 2,143 sqft
    2022-11-01 58 days 2,185 sqft
    2022-12-01 66 days 2,201 sqft
    2023-01-01 75 days 2,203 sqft
    2023-02-01 69 days 2,200 sqft
    2023-03-01 48 days 2,079 sqft
    2023-04-01 40 days 2,199 sqft
    2023-05-01 38 days 2,259 sqft
    2023-06-01 44 days 2,253 sqft
    2023-07-01 29 days 2,094 sqft
    2023-08-01 37 days 2,186 sqft
    2023-09-01 42 days 2,129 sqft
    2023-10-01 48 days 2,045 sqft
    2023-11-01 53 days 2,015 sqft
    2023-12-01 56 days 1,935 sqft
    2024-01-01 65 days 1,906 sqft
    2024-02-01 77 days 1,945 sqft
    2024-03-01 58 days 1,925 sqft
    2024-04-01 53 days 1,953 sqft
    2024-05-01 45 days 1,963 sqft
    2024-06-01 48 days 1,932 sqft
    2024-07-01 49 days 1,926 sqft
    2024-08-01 48 days 1,981 sqft
    2024-09-01 48 days 1,929 sqft
    2024-10-01 49 days 1,913 sqft
    2024-11-01 60 days 1,926 sqft
    2024-12-01 75 days 1,926 sqft
    2025-01-01 86 days 1,921 sqft
    2025-02-01 89 days 1,930 sqft
    2025-03-01 68 days 1,926 sqft
    2025-04-01 62 days 1,965 sqft
    2025-05-01 59 days 2,000 sqft
    Decatur's median listing age (time on market) for 2025-05-01 was 59 days. This is 30% longer than the same period one year ago.

    Decatur's median square footage for active listings during the 2025-05-01 period was 2,000 sqft. One year prior, the average listing was 1,963 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.