Decatur VA Loan Rates, Closing Costs & Stats

DECATUR, 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 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 0.35% for the week of 2025-06-20, 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 (2025-06-13) was 6.99% and one month ago for the week of 2025-05-16, the average rate was 6.55%.

The average rate one year ago was 6.65%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.33%.

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%).

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.