Dothan VA Loan Rates, Closing Costs & Stats

DOTHAN, 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.

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 0.42% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2025-06-27) was 6.85% and one month ago for the week of 2025-05-30, the average rate was 7.08%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.05%.

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%).

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.