Enterprise VA Loan Rates, Closing Costs & Stats

Enterprise, AL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Enterprise's 66 lenders originated 527 VA loans during 2024. The total origination value was $162,375,000, with an average VA loan value of $308,112.

    Enterprise VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Enterprise averaged 6.61% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

    Enterprise's average VA mortgage closing costs are $5,410.

    The average rate for the prior week (2025-04-04) was 6.45% and one month ago for the week of 2025-03-07, the average rate was 6.34%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.28%.

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

    Enterprise 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 Enterprise level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 144 6.41% $6,184
    UNITED WHOLESALE MORTGAGE, LLC 36 5.99% $6,408
    CMG MORTGAGE, INC. 32 6.45% $9,139
    MOVEMENT MORTGAGE, LLC 31 6.67% $7,133
    NAVY FEDERAL CREDIT UNION 26 5.86% $5,567
    ENVOY MORTGAGE, LTD 26 6.44% $5,338
    QUICKEN LOANS, LLC 24 6.19% $9,500
    FREEDOM MORTGAGE CORPORATION 20 6.31% $6,180
    USAA Federal Savings Bank 18 6.11% $8,641
    PENNYMAC LOAN SERVICES, LLC 15 5.56% $7,104
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.33% $8,549
    VILLAGE CAPITAL MORTGAGE 10 5.62% $5,517
    Armed Forces Bank 9 6.24% $8,902
    Renasant Bank 8 6.25% $7,822
    CROSSCOUNTRY MORTGAGE, LLC 8 6.24% $9,641
    NEWREZ LLC 7 5.69% $7,545
    Mr. Cooper ( Nationstar Mortgage ) 5 6.23% $7,727
    PLANET HOME LENDING, LLC 4 6.06% $2,651
    AmeriHome Mortgage Company, LLC 4 6.22% $4,518
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.25% $2,202
    NEW DAY FINANCIAL, LLC 4 7.87% $11,122
    PENTAGON FEDERAL CREDIT UNION 3 5.71% $6,069
    Wells Fargo Bank 2 6.63% $10,011
    AMERISAVE MORTGAGE CORPORATION 2 5.56% $19,619
    BankPlus 2 5.94% $3,336
    CALCON MUTUAL MORTGAGE LLC 2 6.44% $2,879
    CARDINAL FINANCIAL 2 6.00% $14,883
    First National Bank Texas 2 6.13% $4,570
    GUARANTEED RATE, INC. 2 6.25% $9,114
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.13% $1,489
    LAKEVIEW LOAN SERVICING, LLC 2 5.75% $6,309
    Mid-Continent Funding, Inc. 2 6.13% $12,928
    NBKC BANK 2 5.69% $5,713
    Prosperity Home Mortgage, LLC 2 6.37% $5,448
    UNION HOME MORTGAGE CORP. 2 6.81% $7,428
    Integrity Home Mortgage Corp 1 6.25% $15,347
    GUILD MORTGAGE COMPANY 1 6.25% $2,447
    Goldwater Bank, N.A. 1 6.75% $1,745
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $4,556
    Nations Lending Corporation 1 5.63% $6,392
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.50% $11,788
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.63% $22,374
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $8,928
    GMFS LLC 1 6.25% $830
    FLAT BRANCH MORTGAGE, INC. 1 5.88% $13,148
    NFM, INC. 1 6.63% $7,890
    Paramount Residential Mortgage Group, Inc. 1 6.50% $11,250
    Flagstar Bank, FSB 1 6.50% $17,775
    First Federal Bank 1 6.50% $1,533
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $12,941
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $2,646
    CORNERSTONE HOME LENDING, INC. 1 6.00% $0
    Century Mortgage Company DBA Century Lending Company 1 5.25% $5,230
    ServisFirst Bank 1 6.63% $80
    SOUTHWEST STAGE FUNDING, LLC 1 6.25% $0
    STOCKTON MORTGAGE CORPORATION 1 6.75% $7,080
    Sunflower Bank 1 6.13% $9,527
    The Federal Savings Bank 1 7.13% $8,900
    Trustmark National Bank 1 5.75% $3,750
    ALLIANT CREDIT UNION 1 5.75% $6,683
    United Community Bank 1 6.63% $4,635
    Ixonia Bank 1 6.13% $9,007
    Carrington Mortgage Services, LLC 1 6.13% $1,647
    LOANDEPOT.COM, LLC 1 7.50% $8,399
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $11,161
    INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $4,553

    The top Enterprise VA lender as defined by loan originations is Mortgage Research Center, LLC, with 144 VA loans originated. Their average total fees are $6,184, which is $225 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Enterprise VA lenders (with over 10 loans originated) are ENVOY MORTGAGE, LTD ($5,338), VILLAGE CAPITAL MORTGAGE ($5,517), NAVY FEDERAL CREDIT UNION ($5,567), FREEDOM MORTGAGE CORPORATION ($6,180) and Mortgage Research Center, LLC ($6,184).

    The lowest rate Enterprise VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.56%), VILLAGE CAPITAL MORTGAGE (5.62%), NAVY FEDERAL CREDIT UNION (5.86%), UNITED WHOLESALE MORTGAGE, LLC (5.99%) and USAA Federal Savings Bank (6.11%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Enterprise (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 $168,769 (8.3%) $184,467 (-0.2%) 0.00 354
    2018-02-01 $166,500 (3.0%) $184,052 (-0.7%) 0.00 365
    2018-03-01 $172,338 (7.2%) $189,922 (3.6%) 0.00 381
    2018-04-01 $171,000 (4.3%) $187,802 (-0.2%) 0.00 402
    2018-05-01 $170,000 (0.0%) $195,858 (1.7%) 0.00 473
    2018-06-01 $168,850 (-1.0%) $191,849 (1.0%) 0.00 411
    2018-07-01 $169,400 (-3.2%) $193,054 (1.5%) 0.00 406
    2018-08-01 $174,819 (1.7%) $193,143 (2.8%) 0.00 408
    2018-09-01 $179,900 (6.1%) $198,166 (6.7%) 0.00 389
    2018-10-01 $178,500 (6.0%) $200,050 (8.3%) 0.00 370
    2018-11-01 $179,475 (6.1%) $202,556 (9.0%) 0.00 360
    2018-12-01 $178,500 (8.3%) $200,909 (9.4%) 0.00 363
    2019-01-01 $178,950 (6.0%) $200,474 (8.7%) 0.00 345
    2019-02-01 $177,375 (6.5%) $200,065 (8.7%) 0.00 347
    2019-03-01 $177,143 (2.8%) $203,815 (7.3%) 0.00 337
    2019-04-01 $176,368 (3.1%) $211,183 (12.5%) 0.00 333
    2019-05-01 $178,500 (5.0%) $213,451 (9.0%) 0.00 326
    2019-06-01 $174,950 (3.6%) $214,771 (12.0%) 0.00 314
    2019-07-01 $178,900 (5.6%) $216,926 (12.4%) 0.00 314
    2019-08-01 $180,382 (3.2%) $216,831 (12.3%) 0.00 289
    2019-09-01 $181,855 (1.1%) $216,798 (9.4%) 0.00 269
    2019-10-01 $182,836 (2.4%) $217,788 (8.9%) 0.00 256
    2019-11-01 $178,500 (-0.5%) $212,218 (4.8%) 0.00 252
    2019-12-01 $178,500 (0.0%) $212,366 (5.7%) 0.00 239
    2020-01-01 $179,700 (0.4%) $212,619 (6.1%) 0.00 221
    2020-02-01 $174,950 (-1.4%) $204,985 (2.5%) 0.00 223
    2020-03-01 $169,900 (-4.1%) $207,766 (1.9%) 0.00 218
    2020-04-01 $179,000 (1.5%) $213,254 (1.0%) 0.00 207
    2020-05-01 $187,500 (5.0%) $222,647 (4.3%) 0.00 197
    2020-06-01 $203,750 (16.5%) $236,169 (10.0%) 0.00 172
    2020-07-01 $198,250 (10.8%) $237,274 (9.4%) 0.00 151
    2020-08-01 $199,975 (10.9%) $250,653 (15.6%) 0.00 142
    2020-09-01 $214,725 (18.1%) $265,396 (22.4%) 0.00 119
    2020-10-01 $213,250 (16.6%) $231,582 (6.3%) 0.00 136
    2020-11-01 $197,450 (10.6%) $220,730 (4.0%) 0.00 150
    2020-12-01 $207,375 (16.2%) $230,011 (8.3%) 0.00 151
    2021-01-01 $206,500 (14.9%) $226,841 (6.7%) 0.00 137
    2021-02-01 $195,825 (11.9%) $224,562 (9.6%) 0.00 125
    2021-03-01 $192,475 (13.3%) $238,467 (14.8%) 0.00 103
    2021-04-01 $181,000 (1.1%) $231,377 (8.5%) 0.00 95
    2021-05-01 $199,750 (6.5%) $250,639 (12.6%) 0.00 87
    2021-06-01 $223,625 (9.8%) $257,537 (9.1%) 0.00 97
    2021-07-01 $215,000 (8.5%) $256,173 (8.0%) 0.00 109
    2021-08-01 $202,450 (1.2%) $250,047 (-0.2%) 0.00 114
    2021-09-01 $195,920 (-8.8%) $243,240 (-8.4%) 0.00 104
    2021-10-01 $195,000 (-8.6%) $227,229 (-1.9%) 0.00 109
    2021-11-01 $193,724 (-1.9%) $225,961 (2.4%) 0.00 98
    2021-12-01 $193,724 (-6.6%) $228,539 (-0.6%) 0.00 87
    2022-01-01 $195,000 (-5.6%) $221,393 (-2.4%) 0.00 77
    2022-02-01 $199,000 (1.6%) $239,647 (6.7%) 0.00 63
    2022-03-01 $190,500 (-1.0%) $231,104 (-3.1%) 0.00 60
    2022-04-01 $218,750 (20.9%) $254,411 (10.0%) 0.00 56
    2022-05-01 $246,825 (23.6%) $280,397 (11.9%) 0.00 64
    2022-06-01 $292,200 (30.7%) $307,400 (19.4%) 0.00 82
    2022-07-01 $327,950 (52.5%) $326,524 (27.5%) 0.00 92
    2022-08-01 $335,750 (65.8%) $319,930 (28.0%) 0.00 94
    2022-09-01 $345,000 (76.1%) $321,379 (32.1%) 0.00 101
    2022-10-01 $349,000 (79.0%) $327,138 (44.0%) 0.00 107
    2022-11-01 $338,000 (74.5%) $327,624 (45.0%) 0.00 110
    2022-12-01 $338,000 (74.5%) $336,356 (47.2%) 0.00 109
    2023-01-01 $346,725 (77.8%) $326,749 (47.6%) 0.00 98
    2023-02-01 $347,000 (74.4%) $324,030 (35.2%) 0.00 93
    2023-03-01 $353,725 (85.7%) $337,669 (46.1%) 0.00 106
    2023-04-01 $359,000 (64.1%) $342,935 (34.8%) 0.00 114
    2023-05-01 $359,000 (45.5%) $344,680 (22.9%) 0.00 96
    2023-06-01 $359,425 (23.0%) $339,704 (10.5%) 0.00 107
    2023-07-01 $366,500 (11.8%) $337,006 (3.2%) 0.00 114
    2023-08-01 $356,675 (6.2%) $336,407 (5.2%) 0.00 124
    2023-09-01 $328,000 (-4.9%) $322,351 (0.3%) 0.00 136
    2023-10-01 $322,225 (-7.7%) $322,110 (-1.5%) 0.00 148
    2023-11-01 $315,625 (-6.6%) $323,740 (-1.2%) 0.00 147
    2023-12-01 $273,500 (-19.1%) $303,343 (-9.8%) 0.00 145
    2024-01-01 $275,000 (-20.7%) $304,701 (-6.8%) 0.00 136
    2024-02-01 $281,225 (-19.0%) $305,615 (-5.7%) 0.00 140
    2024-03-01 $259,900 (-26.5%) $299,970 (-11.2%) 0.00 146
    2024-04-01 $298,250 (-16.9%) $311,789 (-9.1%) 0.00 132
    2024-05-01 $329,500 (-8.2%) $345,195 (0.2%) 0.00 134
    2024-06-01 $310,000 (-13.8%) $333,432 (-1.9%) 0.00 151
    2024-07-01 $278,475 (-24.0%) $311,942 (-7.4%) 0.00 173
    2024-08-01 $265,000 (-25.7%) $308,762 (-8.2%) 0.00 176
    2024-09-01 $277,175 (-15.5%) $300,958 (-6.6%) 0.00 203
    2024-10-01 $274,375 (-14.9%) $305,515 (-5.2%) 0.00 202
    2024-11-01 $268,750 (-14.9%) $304,081 (-6.1%) 0.00 206
    2024-12-01 $265,000 (-3.1%) $299,567 (-1.2%) 0.00 194
    2025-01-01 $274,950 (0.0%) $304,624 (0.0%) 0.00 195
    2025-02-01 $284,744 (1.3%) $318,285 (4.2%) 0.00 184
    2025-03-01 $299,900 (15.4%) $318,937 (6.3%) 0.00 183
    Enterprise's median listing price for 2025-03-01 was $299,900, a difference of $40,000 (15.4%) versus the prior year and $15,156 versus the prior month.

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

    Enterprise's average listing price for 2025-03-01 was $318,937, a difference of $18,967 (6.3%) versus the prior year and $652 versus the prior month.

    For the 2025-03-01 period, Enterprise had 183 MLS listings, a difference of -1 listings (-1%) versus the prior month and 37 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Enterprise (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,930 sqft
    2018-03-01 0 days 1,938 sqft
    2018-04-01 0 days 1,955 sqft
    2018-05-01 0 days 1,959 sqft
    2018-06-01 0 days 1,954 sqft
    2018-07-01 0 days 1,966 sqft
    2018-08-01 0 days 2,011 sqft
    2018-09-01 0 days 1,988 sqft
    2018-10-01 0 days 2,001 sqft
    2018-11-01 0 days 2,015 sqft
    2018-12-01 0 days 1,973 sqft
    2019-01-01 0 days 1,961 sqft
    2019-02-01 0 days 1,925 sqft
    2019-03-01 0 days 1,937 sqft
    2019-04-01 0 days 1,966 sqft
    2019-05-01 0 days 1,962 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 2,018 sqft
    2019-08-01 0 days 2,011 sqft
    2019-09-01 0 days 2,001 sqft
    2019-10-01 0 days 1,998 sqft
    2019-11-01 0 days 1,980 sqft
    2019-12-01 0 days 1,974 sqft
    2020-01-01 0 days 1,931 sqft
    2020-02-01 0 days 1,895 sqft
    2020-03-01 0 days 1,987 sqft
    2020-04-01 0 days 2,047 sqft
    2020-05-01 0 days 2,074 sqft
    2020-06-01 0 days 2,136 sqft
    2020-07-01 0 days 2,094 sqft
    2020-08-01 0 days 2,131 sqft
    2020-09-01 0 days 2,092 sqft
    2020-10-01 0 days 2,017 sqft
    2020-11-01 0 days 2,028 sqft
    2020-12-01 0 days 2,049 sqft
    2021-01-01 0 days 1,988 sqft
    2021-02-01 0 days 1,970 sqft
    2021-03-01 0 days 2,000 sqft
    2021-04-01 0 days 1,945 sqft
    2021-05-01 0 days 1,926 sqft
    2021-06-01 0 days 1,981 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 2,027 sqft
    2021-09-01 0 days 1,951 sqft
    2021-10-01 0 days 1,996 sqft
    2021-11-01 0 days 1,992 sqft
    2021-12-01 0 days 1,912 sqft
    2022-01-01 0 days 1,903 sqft
    2022-02-01 0 days 1,932 sqft
    2022-03-01 0 days 1,751 sqft
    2022-04-01 0 days 1,958 sqft
    2022-05-01 0 days 2,040 sqft
    2022-06-01 0 days 2,219 sqft
    2022-07-01 0 days 2,259 sqft
    2022-08-01 0 days 2,257 sqft
    2022-09-01 0 days 2,234 sqft
    2022-10-01 0 days 2,297 sqft
    2022-11-01 0 days 2,270 sqft
    2022-12-01 0 days 2,247 sqft
    2023-01-01 0 days 2,243 sqft
    2023-02-01 0 days 2,221 sqft
    2023-03-01 0 days 2,223 sqft
    2023-04-01 0 days 2,240 sqft
    2023-05-01 0 days 2,250 sqft
    2023-06-01 0 days 2,293 sqft
    2023-07-01 0 days 2,282 sqft
    2023-08-01 0 days 2,288 sqft
    2023-09-01 0 days 2,114 sqft
    2023-10-01 0 days 2,110 sqft
    2023-11-01 0 days 2,116 sqft
    2023-12-01 0 days 2,105 sqft
    2024-01-01 0 days 2,110 sqft
    2024-02-01 0 days 2,110 sqft
    2024-03-01 0 days 2,056 sqft
    2024-04-01 0 days 2,103 sqft
    2024-05-01 0 days 2,219 sqft
    2024-06-01 0 days 2,180 sqft
    2024-07-01 0 days 2,079 sqft
    2024-08-01 0 days 2,067 sqft
    2024-09-01 0 days 2,096 sqft
    2024-10-01 0 days 2,096 sqft
    2024-11-01 0 days 2,058 sqft
    2024-12-01 0 days 2,050 sqft
    2025-01-01 0 days 2,054 sqft
    2025-02-01 0 days 2,072 sqft
    2025-03-01 0 days 2,061 sqft
    Enterprise's median listing age (time on market) for 2025-03-01 was 0 days.

    Enterprise's median square footage for active listings during the 2025-03-01 period was 2,061 sqft. One year prior, the average listing was 2,056 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.