Enterprise VA Loan Rates, Closing Costs & Stats

Enterprise, 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.

    Enterprise's 62 lenders originated 435 VA loans during 2023. The total origination value was $131,095,000, with an average VA loan value of $301,368.

    Enterprise VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Enterprise averaged 7.12% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Enterprise's average VA mortgage closing costs are $5,209.

    The average rate for the prior week (2024-04-12) was 6.76% and one month ago for the week of 2024-03-15, the average rate was 6.82%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 132 6.69% $5,922
    ENVOY MORTGAGE, LTD 38 6.35% $7,324
    MOVEMENT MORTGAGE, LLC 30 6.86% $6,760
    NAVY FEDERAL CREDIT UNION 24 5.83% $7,756
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.61% $8,190
    UNITED WHOLESALE MORTGAGE, LLC 14 6.54% $5,213
    USAA Federal Savings Bank 13 6.00% $9,332
    QUICKEN LOANS, LLC 13 6.37% $8,736
    Renasant Bank 10 5.66% $6,806
    Armed Forces Bank 10 6.21% $10,470
    PENNYMAC LOAN SERVICES, LLC 9 5.60% $8,151
    HOMESTAR FINANCIAL CORPORATION 8 5.80% $10,506
    CROSSCOUNTRY MORTGAGE, LLC 7 6.67% $7,440
    GUARANTEED RATE, INC. 6 5.56% $11,418
    PENTAGON FEDERAL CREDIT UNION 5 5.83% $8,413
    CMG MORTGAGE, INC. 4 5.94% $5,759
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.56% $1,788
    FREEDOM MORTGAGE CORPORATION 4 6.63% $16,774
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.96% $9,198
    NEW DAY FINANCIAL, LLC 3 6.91% $13,187
    Plains Commerce Bank 3 6.83% $7,544
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.71% $1,650
    The Federal Savings Bank 3 6.92% $10,959
    LIBERTY HOME MORTGAGE CORPORATION 3 6.79% $5,377
    LOANDEPOT.COM, LLC 3 5.75% $8,231
    Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $13,012
    Flagstar Bank, FSB 2 5.75% $14,009
    BROKER SOLUTIONS, INC. 2 6.50% $3,757
    GUILD MORTGAGE COMPANY 2 5.25% $14,437
    University Bank 1 6.63% $14,079
    U.S. Bank 1 6.13% $3,425
    VILLAGE CAPITAL MORTGAGE 1 5.38% $13,685
    ACOPIA, LLC 1 7.50% $8,906
    Wells Fargo Bank 1 5.88% $819
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $6,481
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $15,588
    Ameris Bank 1 5.50% $11,351
    BankPlus 1 6.25% $1,850
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.25% $3,265
    BNC National Bank 1 5.63% $6,428
    CARDINAL FINANCIAL 1 7.25% $3,469
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $20,039
    Equity Prime Mortgage LLC 1 6.50% $4,810
    FirstBank 1 5.63% $3,948
    First State Bank of St. Charles, Missouri 1 5.63% $12,756
    First United Bank and Trust Company 1 7.38% $6,901
    GARDNER FINANCIAL SERVICES, LTD. 1 6.63% $11,331
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.49% $5,142
    HOMESPIRE MORTGAGE CORPORATION 1 6.13% $4,527
    INTERLINC MORTGAGE SERVICES, LLC 1 6.99% $6,174
    Keystone Funding, Inc. 1 6.50% $15,135
    Magnolia Bank 1 6.38% $16,646
    Mid-Continent Funding, Inc. 1 5.75% $9,731
    MORTGAGE INVESTORS GROUP, INC. 1 6.50% $4,122
    NBKC BANK 1 5.25% $1,367
    Northpointe Bank 1 6.25% $1,288
    Paramount Residential Mortgage Group, Inc. 1 5.75% $9,920
    PLANET HOME LENDING, LLC 1 6.63% $6,690
    RESOURCE FINANCIAL SERVICES, INC. 1 5.75% $16,334
    South State Bank 1 7.63% $6,201
    Tyndall Federal Credit Union 1 7.25% $12,812
    UNION HOME MORTGAGE CORP. 1 7.00% $8,912

    The top Enterprise VA lender as defined by loan originations is Mortgage Research Center, LLC, with 132 VA loans originated. Their average total fees are $5,922, which is $1,402 lower than the next largest lender, ENVOY MORTGAGE, LTD.

    The lowest fee Enterprise VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,213), Mortgage Research Center, LLC ($5,922), MOVEMENT MORTGAGE, LLC ($6,760), Renasant Bank ($6,806) and ENVOY MORTGAGE, LTD ($7,324).

    The lowest rate Enterprise VA lenders (with over 10 loans originated) are Renasant Bank (5.66%), NAVY FEDERAL CREDIT UNION (5.83%), USAA Federal Savings Bank (6.00%), Armed Forces Bank (6.21%) and ENVOY MORTGAGE, LTD (6.35%).

    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 $168,538 (8.0%) $185,289 (0.0%) 0.00 358
    2018-02-01 $166,600 (2.9%) $184,865 (-0.5%) 0.00 369
    2018-03-01 $172,500 (7.3%) $190,699 (4.0%) 0.00 384
    2018-04-01 $171,125 (4.4%) $188,553 (0.3%) 0.00 405
    2018-05-01 $170,000 (0.0%) $196,259 (1.9%) 0.00 476
    2018-06-01 $168,850 (-1.0%) $192,319 (1.3%) 0.00 412
    2018-07-01 $169,825 (-3.0%) $193,499 (1.5%) 0.00 408
    2018-08-01 $174,819 (1.7%) $193,554 (2.6%) 0.00 410
    2018-09-01 $179,900 (6.0%) $198,572 (6.5%) 0.00 391
    2018-10-01 $178,500 (6.0%) $200,473 (8.1%) 0.00 372
    2018-11-01 $179,325 (6.1%) $202,467 (8.6%) 0.00 361
    2018-12-01 $178,500 (8.3%) $200,826 (9.0%) 0.00 365
    2019-01-01 $179,000 (6.2%) $200,373 (8.1%) 0.00 346
    2019-02-01 $178,375 (7.1%) $200,006 (8.2%) 0.00 348
    2019-03-01 $177,286 (2.8%) $203,782 (6.9%) 0.00 338
    2019-04-01 $176,611 (3.2%) $211,393 (12.1%) 0.00 334
    2019-05-01 $178,500 (5.0%) $213,349 (8.7%) 0.00 327
    2019-06-01 $174,950 (3.6%) $214,771 (11.7%) 0.00 314
    2019-07-01 $178,900 (5.3%) $217,089 (12.2%) 0.00 314
    2019-08-01 $180,745 (3.4%) $217,068 (12.2%) 0.00 288
    2019-09-01 $182,014 (1.2%) $216,902 (9.2%) 0.00 269
    2019-10-01 $182,859 (2.4%) $217,802 (8.6%) 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 (5.8%) 0.00 239
    2020-01-01 $179,700 (0.4%) $212,619 (6.1%) 0.00 221
    2020-02-01 $174,950 (-1.9%) $204,985 (2.5%) 0.00 223
    2020-03-01 $170,575 (-3.8%) $207,820 (2.0%) 0.00 219
    2020-04-01 $179,200 (1.5%) $213,285 (0.9%) 0.00 208
    2020-05-01 $187,500 (5.0%) $222,647 (4.4%) 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 (9.3%) 0.00 151
    2020-08-01 $199,975 (10.6%) $250,653 (15.5%) 0.00 142
    2020-09-01 $214,725 (18.0%) $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 (12.8%) $238,467 (14.8%) 0.00 103
    2021-04-01 $181,000 (1.0%) $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 57
    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 $343,500 (75.3%) $321,379 (32.1%) 0.00 100
    2022-10-01 $347,000 (78.0%) $326,703 (43.8%) 0.00 106
    2022-11-01 $336,500 (73.7%) $326,892 (44.7%) 0.00 108
    2022-12-01 $336,000 (73.4%) $335,788 (46.9%) 0.00 107
    2023-01-01 $345,000 (76.9%) $326,613 (47.5%) 0.00 96
    2023-02-01 $347,000 (74.4%) $324,126 (35.3%) 0.00 93
    2023-03-01 $353,725 (85.7%) $337,669 (46.1%) 0.00 106
    2023-04-01 $359,000 (64.1%) $342,234 (34.5%) 0.00 113
    2023-05-01 $359,000 (45.5%) $344,300 (22.8%) 0.00 95
    2023-06-01 $359,425 (23.0%) $339,704 (10.5%) 0.00 106
    2023-07-01 $365,000 (11.3%) $336,313 (3.0%) 0.00 113
    2023-08-01 $356,450 (6.2%) $336,056 (5.0%) 0.00 124
    2023-09-01 $328,000 (-4.5%) $322,351 (0.3%) 0.00 136
    2023-10-01 $322,225 (-7.1%) $322,110 (-1.4%) 0.00 148
    2023-11-01 $315,625 (-6.2%) $323,740 (-1.0%) 0.00 147
    2023-12-01 $273,500 (-18.6%) $303,343 (-9.7%) 0.00 145
    2024-01-01 $275,000 (-20.3%) $304,701 (-6.7%) 0.00 136
    2024-02-01 $281,225 (-19.0%) $305,615 (-5.7%) 0.00 140
    2024-03-01 $259,900 (-26.5%) $300,506 (-11.0%) 0.00 146
    Enterprise's median listing price for 2024-03-01 was $259,900, a difference of $-93,825 (-26.5%) versus the prior year and $-21,325 versus the prior month.

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

    Enterprise's average listing price for 2024-03-01 was $300,506, a difference of $-37,163 (-11.0%) versus the prior year and $-5,109 versus the prior month.

    For the 2024-03-01 period, Enterprise had 146 MLS listings, a difference of 6 listings (4%) versus the prior month and 40 listings (38%) 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 1,998 sqft
    2018-02-01 0 days 1,947 sqft
    2018-03-01 0 days 1,949 sqft
    2018-04-01 0 days 1,960 sqft
    2018-05-01 0 days 1,961 sqft
    2018-06-01 0 days 1,956 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 2,010 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,958 sqft
    2019-02-01 0 days 1,924 sqft
    2019-03-01 0 days 1,937 sqft
    2019-04-01 0 days 1,966 sqft
    2019-05-01 0 days 1,960 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 2,020 sqft
    2019-08-01 0 days 2,012 sqft
    2019-09-01 0 days 2,002 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 1,986 sqft
    2020-04-01 0 days 2,043 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 2,280 sqft
    2022-12-01 0 days 2,260 sqft
    2023-01-01 0 days 2,250 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 2,281 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 2,063 sqft
    Enterprise's median listing age (time on market) for 2024-03-01 was 0 days.

    Enterprise's median square footage for active listings during the 2024-03-01 period was 2,063 sqft. One year prior, the average listing was 2,223 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.