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.