Dothan VA Loan Rates, Closing Costs & Stats

DOTHAN, 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.

    Dothan's 70 lenders originated 516 VA loans during 2024. The total origination value was $144,670,000, with an average VA loan value of $280,368.

    Dothan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Dothan averaged 6.58% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Dothan's average VA mortgage closing costs are $4,997.

    The average rate for the prior week (2025-03-28) was 6.5% and one month ago for the week of 2025-02-28, the average rate was 6.48%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.11%.

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

    Dothan 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 Dothan level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 121 6.48% $5,024
    UNITED WHOLESALE MORTGAGE, LLC 36 5.92% $8,831
    PENNYMAC LOAN SERVICES, LLC 31 5.83% $7,964
    FREEDOM MORTGAGE CORPORATION 20 6.06% $4,672
    MOVEMENT MORTGAGE, LLC 20 6.41% $6,840
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.42% $5,516
    QUICKEN LOANS, LLC 17 6.21% $11,512
    CMG MORTGAGE, INC. 15 6.14% $8,368
    NAVY FEDERAL CREDIT UNION 14 5.79% $4,038
    NEW DAY FINANCIAL, LLC 14 7.31% $8,513
    USAA Federal Savings Bank 11 6.24% $6,064
    STOCKTON MORTGAGE CORPORATION 10 6.88% $8,109
    Magnolia Bank 8 5.78% $14,107
    The Federal Savings Bank 8 6.20% $11,001
    VILLAGE CAPITAL MORTGAGE 7 5.86% $6,738
    Renasant Bank 6 6.42% $5,267
    SOUTHWEST FUNDING, LP 6 7.08% $7,877
    LOANDEPOT.COM, LLC 5 6.00% $11,965
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.85% $3,117
    UNION HOME MORTGAGE CORP. 5 6.95% $5,050
    BankPlus 5 6.43% $8,270
    Synovus Bank 5 6.13% $7,856
    ENVOY MORTGAGE, LTD 5 6.35% $7,237
    INTERLINC MORTGAGE SERVICES, LLC 5 7.23% $4,625
    NEWREZ LLC 4 5.47% $5,098
    CLEARPATH LENDING 4 5.94% $6,552
    Regions Bank 4 6.84% $5,865
    DHI MORTGAGE COMPANY, LTD. 4 4.75% $2,122
    PLANET HOME LENDING, LLC 3 5.83% $3,920
    CROSSCOUNTRY MORTGAGE, LLC 3 5.93% $3,590
    BROKER SOLUTIONS, INC. 3 6.88% $13,358
    Ameris Bank 3 6.50% $6,348
    LAKEVIEW LOAN SERVICING, LLC 3 5.96% $4,493
    Tyndall Federal Credit Union 3 6.00% $12,966
    GUARANTEED RATE, INC. 3 5.99% $4,412
    First Federal Bank 3 6.75% $5,525
    AmeriHome Mortgage Company, LLC 3 6.04% $4,727
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.17% $9,650
    Armed Forces Bank 2 6.81% $12,206
    Barrington Bank & Trust Company, N.A. 2 6.75% $2,936
    Carrington Mortgage Services, LLC 2 5.94% $17,947
    Equity Prime Mortgage LLC 2 7.13% $3,682
    Flagstar Bank, FSB 2 6.68% $5,106
    LIBERTY HOME MORTGAGE CORPORATION 2 6.19% $13,579
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $6,566
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.38% $8,597
    PLAZA HOME MORTGAGE, INC. 2 6.63% $20,747
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $7,788
    TOWNE MORTGAGE COMPANY 2 6.00% $4,471
    HOMESIDE FINANCIAL, LLC 1 7.25% $12,143
    Granite Community Bank 1 6.75% $626
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.50% $8,045
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $3,470
    GENEVA FINANCIAL, LLC 1 5.75% $1,205
    First Horizon Bank 1 5.13% $3,129
    FIRST COMMUNITY MORTGAGE, INC. 1 5.49% $6,867
    SmartBank 1 6.63% $0
    Credence Funding Corporation 1 5.75% $5,245
    Consumer First Mortgage, Inc. 1 6.75% $6,552
    SWBC MORTGAGE CORPORATION 1 7.25% $1,729
    Century Mortgage Company DBA Century Lending Company 1 7.25% $10,004
    Texana Bank 1 7.88% $11,222
    Assurance Financial Group, L.L.C. 1 6.12% $10,965
    ZILLOW HOME LOANS, LLC 1 6.75% $8,884
    Alcova Mortgage LLC 1 6.25% $8,508
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.00% $11,704
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $29,006
    MORTGAGE INVESTORS GROUP, INC. 1 6.99% $650
    Mid-Continent Funding, Inc. 1 6.50% $2,539
    JPMorgan Chase Bank 1 5.25% $500

    The top Dothan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 121 VA loans originated. Their average total fees are $5,024, which is $3,807 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Dothan VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,038), FREEDOM MORTGAGE CORPORATION ($4,672), Mortgage Research Center, LLC ($5,024), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,516) and USAA Federal Savings Bank ($6,064).

    The lowest rate Dothan VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.79%), PENNYMAC LOAN SERVICES, LLC (5.83%), UNITED WHOLESALE MORTGAGE, LLC (5.92%), FREEDOM MORTGAGE CORPORATION (6.06%) and CMG MORTGAGE, INC. (6.14%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Dothan (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 $159,900 (10.4%) $201,836 (8.9%) 0.59 826
    2018-02-01 $159,900 (8.6%) $200,422 (7.0%) 0.58 866
    2018-03-01 $159,900 (3.9%) $198,373 (1.8%) 0.56 889
    2018-04-01 $164,500 (6.2%) $200,450 (3.4%) 0.56 882
    2018-05-01 $164,725 (6.1%) $199,612 (2.9%) 0.55 940
    2018-06-01 $164,900 (5.1%) $205,827 (5.6%) 0.55 910
    2018-07-01 $169,900 (8.3%) $209,993 (7.5%) 0.57 878
    2018-08-01 $164,625 (3.5%) $207,771 (6.3%) 0.55 850
    2018-09-01 $165,000 (3.5%) $207,866 (6.2%) 0.55 839
    2018-10-01 $164,788 (3.4%) $209,981 (6.2%) 0.56 811
    2018-11-01 $163,950 (3.0%) $214,561 (8.8%) 0.56 790
    2018-12-01 $169,000 (7.6%) $220,128 (10.7%) 0.58 736
    2019-01-01 $177,400 (10.9%) $222,884 (10.4%) 0.61 705
    2019-02-01 $179,950 (12.5%) $224,256 (11.9%) 0.61 690
    2019-03-01 $184,529 (15.4%) $239,331 (20.7%) 0.60 655
    2019-04-01 $186,429 (13.3%) $253,671 (26.6%) 0.59 636
    2019-05-01 $185,800 (12.8%) $250,300 (25.4%) 0.58 638
    2019-06-01 $190,000 (15.2%) $248,308 (20.6%) 0.59 656
    2019-07-01 $189,788 (11.7%) $248,816 (18.5%) 0.59 658
    2019-08-01 $188,373 (14.4%) $248,836 (19.8%) 0.60 624
    2019-09-01 $186,419 (13.0%) $243,723 (17.3%) 0.60 619
    2019-10-01 $185,167 (12.4%) $240,746 (14.7%) 0.60 614
    2019-11-01 $189,900 (15.8%) $243,405 (13.4%) 0.62 591
    2019-12-01 $191,875 (13.5%) $244,964 (11.3%) 0.64 580
    2020-01-01 $194,550 (9.7%) $254,010 (14.0%) 0.65 546
    2020-02-01 $192,900 (7.2%) $247,267 (10.3%) 0.63 533
    2020-03-01 $198,500 (7.6%) $251,500 (5.1%) 0.62 508
    2020-04-01 $196,850 (5.6%) $245,288 (-3.3%) 0.62 499
    2020-05-01 $196,700 (5.9%) $259,474 (3.7%) 0.60 446
    2020-06-01 $199,600 (5.1%) $267,376 (7.7%) 0.59 414
    2020-07-01 $208,675 (10.0%) $267,281 (7.4%) 0.60 411
    2020-08-01 $218,450 (16.0%) $274,961 (10.5%) 0.63 390
    2020-09-01 $206,950 (11.0%) $268,280 (10.1%) 0.59 339
    2020-10-01 $206,450 (11.5%) $268,092 (11.4%) 0.59 350
    2020-11-01 $204,575 (7.7%) $277,188 (13.9%) 0.60 315
    2020-12-01 $199,650 (4.1%) $268,551 (9.6%) 0.59 318
    2021-01-01 $194,900 (0.2%) $269,701 (6.2%) 0.58 278
    2021-02-01 $191,600 (-0.7%) $272,278 (10.1%) 0.56 257
    2021-03-01 $189,900 (-4.3%) $287,346 (14.3%) 0.54 228
    2021-04-01 $218,225 (10.9%) $310,400 (26.5%) 0.59 206
    2021-05-01 $227,000 (15.4%) $321,687 (24.0%) 0.60 171
    2021-06-01 $208,450 (4.4%) $290,253 (8.6%) 0.55 184
    2021-07-01 $199,900 (-4.2%) $277,056 (3.7%) 0.53 206
    2021-08-01 $203,350 (-6.9%) $265,039 (-3.6%) 0.54 240
    2021-09-01 $219,900 (6.3%) $272,171 (1.5%) 0.59 264
    2021-10-01 $219,900 (6.5%) $284,084 (6.0%) 0.59 253
    2021-11-01 $206,725 (1.1%) $279,664 (0.9%) 0.55 234
    2021-12-01 $217,450 (8.9%) $284,693 (6.0%) 0.59 224
    2022-01-01 $224,900 (15.4%) $292,213 (8.4%) 0.61 199
    2022-02-01 $211,850 (10.6%) $293,212 (7.7%) 0.55 194
    2022-03-01 $239,775 (26.3%) $302,726 (5.4%) 0.60 168
    2022-04-01 $252,099 (15.5%) $301,116 (-3.0%) 0.60 188
    2022-05-01 $238,425 (5.0%) $300,483 (-6.6%) 0.55 198
    2022-06-01 $247,725 (18.8%) $302,400 (4.2%) 0.55 224
    2022-07-01 $254,700 (27.4%) $305,366 (10.2%) 0.57 248
    2022-08-01 $262,175 (28.9%) $306,155 (15.5%) 0.61 272
    2022-09-01 $254,325 (15.7%) $305,706 (12.3%) 0.59 292
    2022-10-01 $257,900 (17.3%) $296,198 (4.3%) 0.61 302
    2022-11-01 $248,175 (20.1%) $290,880 (4.0%) 0.60 312
    2022-12-01 $244,700 (12.5%) $286,929 (0.8%) 0.60 303
    2023-01-01 $233,850 (4.0%) $279,242 (-4.4%) 0.58 276
    2023-02-01 $253,900 (19.9%) $282,677 (-3.6%) 0.61 230
    2023-03-01 $258,711 (7.9%) $286,075 (-5.5%) 0.61 242
    2023-04-01 $275,000 (9.1%) $306,608 (1.8%) 0.64 249
    2023-05-01 $253,725 (6.4%) $312,867 (4.1%) 0.58 251
    2023-06-01 $265,700 (7.3%) $316,322 (4.6%) 0.60 252
    2023-07-01 $259,900 (2.0%) $310,921 (1.8%) 0.59 256
    2023-08-01 $263,175 (0.4%) $320,327 (4.6%) 0.60 289
    2023-09-01 $269,900 (6.1%) $320,510 (4.8%) 0.63 313
    2023-10-01 $268,225 (4.0%) $318,601 (7.6%) 0.63 338
    2023-11-01 $263,075 (6.0%) $312,023 (7.3%) 0.63 348
    2023-12-01 $264,950 (8.3%) $318,900 (11.1%) 0.65 344
    2024-01-01 $263,250 (12.6%) $313,441 (12.3%) 0.64 322
    2024-02-01 $264,350 (4.1%) $316,320 (11.9%) 0.64 324
    2024-03-01 $260,000 (0.5%) $319,877 (11.8%) 0.61 330
    2024-04-01 $277,450 (0.9%) $346,568 (13.0%) 0.65 333
    2024-05-01 $287,400 (13.3%) $346,015 (10.6%) 0.65 342
    2024-06-01 $284,900 (7.2%) $352,759 (11.5%) 0.65 370
    2024-07-01 $288,400 (11.0%) $357,970 (15.1%) 0.66 418
    2024-08-01 $289,400 (10.0%) $357,200 (11.5%) 0.67 450
    2024-09-01 $273,900 (1.5%) $354,308 (10.6%) 0.64 451
    2024-10-01 $272,150 (1.5%) $353,219 (10.9%) 0.64 435
    2024-11-01 $269,000 (2.3%) $344,231 (10.3%) 0.65 474
    2024-12-01 $271,450 (2.5%) $317,453 (-0.5%) 0.67 475
    2025-01-01 $276,950 (5.2%) $322,252 (2.8%) 0.69 468
    2025-02-01 $273,800 (3.6%) $337,231 (6.6%) 0.66 460
    2025-03-01 $269,900 (3.8%) $334,960 (4.7%) 0.00 445
    Dothan's median listing price for 2025-03-01 was $269,900, a difference of $9,900 (3.8%) versus the prior year and $-3,900 versus the prior month.

    Dothan's median listing price comes in at 0% of the national average.

    Dothan's average listing price for 2025-03-01 was $334,960, a difference of $15,083 (4.7%) versus the prior year and $-2,271 versus the prior month.

    For the 2025-03-01 period, Dothan had 445 MLS listings, a difference of -15 listings (-3%) versus the prior month and 115 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dothan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 102 days 1,872 sqft
    2018-02-01 94 days 1,852 sqft
    2018-03-01 77 days 1,856 sqft
    2018-04-01 75 days 1,883 sqft
    2018-05-01 72 days 1,881 sqft
    2018-06-01 74 days 1,900 sqft
    2018-07-01 77 days 1,902 sqft
    2018-08-01 84 days 1,890 sqft
    2018-09-01 87 days 1,883 sqft
    2018-10-01 92 days 1,899 sqft
    2018-11-01 94 days 1,891 sqft
    2018-12-01 99 days 1,940 sqft
    2019-01-01 103 days 1,976 sqft
    2019-02-01 96 days 1,975 sqft
    2019-03-01 84 days 2,009 sqft
    2019-04-01 68 days 2,047 sqft
    2019-05-01 67 days 1,992 sqft
    2019-06-01 65 days 2,012 sqft
    2019-07-01 67 days 1,993 sqft
    2019-08-01 74 days 1,975 sqft
    2019-09-01 78 days 1,967 sqft
    2019-10-01 81 days 1,969 sqft
    2019-11-01 90 days 1,991 sqft
    2019-12-01 95 days 2,012 sqft
    2020-01-01 97 days 2,035 sqft
    2020-02-01 85 days 2,007 sqft
    2020-03-01 67 days 2,044 sqft
    2020-04-01 67 days 2,018 sqft
    2020-05-01 70 days 2,026 sqft
    2020-06-01 57 days 2,040 sqft
    2020-07-01 48 days 2,060 sqft
    2020-08-01 52 days 2,100 sqft
    2020-09-01 57 days 2,038 sqft
    2020-10-01 56 days 2,054 sqft
    2020-11-01 67 days 2,068 sqft
    2020-12-01 72 days 2,051 sqft
    2021-01-01 67 days 2,022 sqft
    2021-02-01 64 days 1,969 sqft
    2021-03-01 50 days 1,943 sqft
    2021-04-01 38 days 2,083 sqft
    2021-05-01 36 days 2,089 sqft
    2021-06-01 26 days 2,047 sqft
    2021-07-01 28 days 1,948 sqft
    2021-08-01 32 days 1,936 sqft
    2021-09-01 36 days 1,956 sqft
    2021-10-01 48 days 1,927 sqft
    2021-11-01 59 days 1,840 sqft
    2021-12-01 67 days 1,894 sqft
    2022-01-01 59 days 1,843 sqft
    2022-02-01 41 days 1,845 sqft
    2022-03-01 48 days 1,884 sqft
    2022-04-01 32 days 1,973 sqft
    2022-05-01 37 days 1,920 sqft
    2022-06-01 33 days 1,967 sqft
    2022-07-01 36 days 2,042 sqft
    2022-08-01 39 days 2,067 sqft
    2022-09-01 51 days 2,030 sqft
    2022-10-01 54 days 2,050 sqft
    2022-11-01 62 days 1,979 sqft
    2022-12-01 66 days 1,986 sqft
    2023-01-01 72 days 1,988 sqft
    2023-02-01 71 days 2,106 sqft
    2023-03-01 38 days 2,101 sqft
    2023-04-01 43 days 2,156 sqft
    2023-05-01 45 days 2,039 sqft
    2023-06-01 46 days 2,031 sqft
    2023-07-01 46 days 1,980 sqft
    2023-08-01 45 days 1,912 sqft
    2023-09-01 46 days 1,936 sqft
    2023-10-01 54 days 1,933 sqft
    2023-11-01 58 days 1,948 sqft
    2023-12-01 61 days 1,928 sqft
    2024-01-01 69 days 1,876 sqft
    2024-02-01 57 days 1,915 sqft
    2024-03-01 53 days 1,906 sqft
    2024-04-01 57 days 1,922 sqft
    2024-05-01 52 days 1,940 sqft
    2024-06-01 47 days 1,943 sqft
    2024-07-01 47 days 1,952 sqft
    2024-08-01 51 days 1,941 sqft
    2024-09-01 58 days 1,919 sqft
    2024-10-01 67 days 1,905 sqft
    2024-11-01 65 days 1,919 sqft
    2024-12-01 58 days 1,922 sqft
    2025-01-01 72 days 1,934 sqft
    2025-02-01 74 days 1,908 sqft
    2025-03-01 0 days 1,889 sqft
    Dothan's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Dothan's median square footage for active listings during the 2025-03-01 period was 1,889 sqft. One year prior, the average listing was 1,906 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.