Fitzgerald VA Loan Rates, Closing Costs & Stats

Fitzgerald, GA

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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.

    Fitzgerald's 10 lenders originated 18 VA loans during 2023. The total origination value was $3,810,000, with an average VA loan value of $211,667.

    Fitzgerald VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fitzgerald averaged 7.06% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Fitzgerald's average VA mortgage closing costs are $4,290.

    The average rate for the prior week (2024-04-12) was 7.1% and one month ago for the week of 2024-03-15, the average rate was 6.56%.

    The average rate one year ago was 6.25%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Fitzgerald 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 Fitzgerald level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    HOMESTAR FINANCIAL CORPORATION 4 6.69% $4,362
    Mortgage Research Center, LLC 3 6.79% $6,709
    USAA Federal Savings Bank 2 6.44% $5,806
    LOANDEPOT.COM, LLC 1 5.75% $20,571
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    QUICKEN LOANS, LLC 1 5.88% $29,423
    BANKSOUTH MORTGAGE COMPANY, LLC 1 5.63% $8,330
    VILLAGE CAPITAL MORTGAGE 1 6.25% $6,408
    FREEDOM MORTGAGE CORPORATION 1 6.75% $14,982
    HomePromise Corporation 1 7.50% $7,677

    The top Fitzgerald VA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 4 VA loans originated. Their average total fees are $4,362, which is $2,348 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Fitzgerald VA lenders (with over 10 loans originated) are .

    The lowest rate Fitzgerald VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fitzgerald (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 $109,900 (24.9%) $141,636 (17.9%) 0.00 46
    2018-02-01 $89,925 (1.6%) $126,202 (16.9%) 0.00 53
    2018-03-01 $89,950 (2.9%) $126,933 (16.2%) 0.00 51
    2018-04-01 $97,125 (8.0%) $125,382 (11.9%) 0.00 51
    2018-05-01 $89,999 (2.0%) $148,218 (42.2%) 0.00 56
    2018-06-01 $99,500 (10.6%) $157,254 (43.7%) 0.00 50
    2018-07-01 $99,500 (2.4%) $140,017 (24.0%) 0.00 53
    2018-08-01 $99,600 (1.0%) $125,909 (8.7%) 0.00 55
    2018-09-01 $99,500 (-0.4%) $128,106 (12.2%) 0.00 58
    2018-10-01 $99,500 (-6.0%) $125,127 (-8.3%) 0.00 54
    2018-11-01 $103,750 (-5.6%) $129,125 (-6.4%) 0.00 55
    2018-12-01 $97,200 (-11.6%) $132,750 (-4.0%) 0.00 59
    2019-01-01 $105,750 (-3.8%) $132,172 (-6.7%) 0.00 56
    2019-02-01 $116,250 (29.3%) $134,733 (6.8%) 0.00 56
    2019-03-01 $119,386 (32.7%) $133,696 (5.3%) 0.00 61
    2019-04-01 $119,900 (23.5%) $133,504 (6.5%) 0.00 59
    2019-05-01 $115,500 (28.3%) $130,567 (-11.9%) 0.00 54
    2019-06-01 $109,900 (10.5%) $118,740 (-24.5%) 0.00 55
    2019-07-01 $96,500 (-3.0%) $109,153 (-22.0%) 0.00 57
    2019-08-01 $97,305 (-2.3%) $114,334 (-9.2%) 0.00 59
    2019-09-01 $98,511 (-1.0%) $115,227 (-10.1%) 0.00 61
    2019-10-01 $99,091 (-0.4%) $117,950 (-5.7%) 0.00 63
    2019-11-01 $96,000 (-7.5%) $122,247 (-5.3%) 0.00 56
    2019-12-01 $98,000 (0.8%) $130,967 (-1.3%) 0.00 57
    2020-01-01 $92,900 (-12.2%) $125,892 (-4.8%) 0.00 60
    2020-02-01 $89,900 (-22.7%) $127,930 (-5.1%) 0.00 59
    2020-03-01 $95,500 (-20.0%) $138,514 (3.6%) 0.00 50
    2020-04-01 $103,250 (-13.9%) $141,395 (5.9%) 0.00 51
    2020-05-01 $107,000 (-7.4%) $136,522 (4.6%) 0.00 48
    2020-06-01 $121,675 (10.7%) $153,653 (29.4%) 0.00 48
    2020-07-01 $117,400 (21.7%) $161,388 (47.9%) 0.00 42
    2020-08-01 $92,500 (-4.9%) $144,098 (26.0%) 0.00 31
    2020-09-01 $99,100 (0.6%) $161,925 (40.5%) 0.00 28
    2020-10-01 $112,400 (13.4%) $161,594 (37.0%) 0.00 23
    2020-11-01 $119,900 (24.9%) $167,264 (36.8%) 0.00 28
    2020-12-01 $111,150 (13.4%) $139,529 (6.5%) 0.00 26
    2021-01-01 $119,900 (29.1%) $152,038 (20.8%) 0.00 20
    2021-02-01 $119,925 (33.4%) $157,117 (22.8%) 0.00 20
    2021-03-01 $112,000 (17.3%) $150,898 (8.9%) 0.00 17
    2021-04-01 $118,500 (14.8%) $176,793 (25.0%) 0.00 21
    2021-05-01 $125,000 (16.8%) $185,121 (35.6%) 0.00 21
    2021-06-01 $147,975 (21.6%) $202,258 (31.6%) 0.00 19
    2021-07-01 $146,950 (25.2%) $209,088 (29.6%) 0.00 15
    2021-08-01 $139,900 (51.2%) $189,293 (31.4%) 0.00 13
    2021-09-01 $152,175 (53.6%) $208,569 (28.8%) 0.00 14
    2021-10-01 $179,900 (60.1%) $233,267 (44.4%) 0.00 13
    2021-11-01 $189,900 (58.4%) $232,085 (38.8%) 0.00 22
    2021-12-01 $213,650 (92.2%) $252,897 (81.3%) 0.00 19
    2022-01-01 $209,900 (75.1%) $245,381 (61.4%) 0.00 21
    2022-02-01 $159,900 (33.3%) $220,003 (40.0%) 0.00 27
    2022-03-01 $151,950 (35.7%) $187,806 (24.5%) 0.00 24
    2022-04-01 $92,700 (-21.8%) $166,367 (-5.9%) 0.00 29
    2022-05-01 $144,150 (15.3%) $212,309 (14.7%) 0.00 25
    2022-06-01 $142,400 (-3.8%) $202,785 (0.3%) 0.00 34
    2022-07-01 $148,250 (0.9%) $206,146 (-1.4%) 0.00 29
    2022-08-01 $130,575 (-6.7%) $178,532 (-5.7%) 0.00 27
    2022-09-01 $148,675 (-2.3%) $175,981 (-15.6%) 0.00 27
    2022-10-01 $159,000 (-11.6%) $171,828 (-26.3%) 0.00 23
    2022-11-01 $159,500 (-16.0%) $186,648 (-19.6%) 0.00 28
    2022-12-01 $140,000 (-34.5%) $140,574 (-44.4%) 0.00 25
    2023-01-01 $139,900 (-33.4%) $148,383 (-39.5%) 0.00 33
    2023-02-01 $162,400 (1.6%) $186,748 (-15.1%) 0.00 33
    2023-03-01 $166,000 (9.3%) $189,719 (1.0%) 0.00 32
    2023-04-01 $184,000 (98.5%) $204,500 (22.9%) 0.00 27
    2023-05-01 $174,225 (20.9%) $215,311 (1.4%) 0.00 27
    2023-06-01 $168,000 (18.0%) $207,760 (2.5%) 0.00 20
    2023-07-01 $169,450 (14.3%) $211,270 (2.5%) 0.00 18
    2023-08-01 $165,700 (26.9%) $197,389 (10.6%) 0.00 22
    2023-09-01 $154,500 (3.9%) $175,115 (-0.5%) 0.00 24
    2023-10-01 $159,450 (0.3%) $175,508 (2.1%) 0.00 27
    2023-11-01 $189,850 (19.0%) $239,286 (28.2%) 0.00 27
    2023-12-01 $192,200 (37.3%) $269,028 (91.4%) 0.00 27
    2024-01-01 $202,923 (45.1%) $271,866 (83.2%) 0.00 29
    2024-02-01 $182,450 (12.4%) $243,907 (30.6%) 0.00 33
    2024-03-01 $189,900 (14.4%) $258,600 (36.3%) 0.00 30
    Fitzgerald's median listing price for 2024-03-01 was $189,900, a difference of $23,900 (14.4%) versus the prior year and $7,450 versus the prior month.

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

    Fitzgerald's average listing price for 2024-03-01 was $258,600, a difference of $68,881 (36.3%) versus the prior year and $14,693 versus the prior month.

    For the 2024-03-01 period, Fitzgerald had 30 MLS listings, a difference of -3 listings (-9%) versus the prior month and -2 listings (-6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fitzgerald (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 sqft
    2018-02-01 0 days 1,671 sqft
    2018-03-01 0 days 1,696 sqft
    2018-04-01 0 days 1,801 sqft
    2018-05-01 0 days 1,747 sqft
    2018-06-01 0 days 1,805 sqft
    2018-07-01 0 days 1,743 sqft
    2018-08-01 0 days 1,831 sqft
    2018-09-01 0 days 1,727 sqft
    2018-10-01 0 days 1,776 sqft
    2018-11-01 0 days 1,806 sqft
    2018-12-01 0 days 1,799 sqft
    2019-01-01 0 days 1,721 sqft
    2019-02-01 0 days 1,757 sqft
    2019-03-01 0 days 1,798 sqft
    2019-04-01 0 days 1,798 sqft
    2019-05-01 0 days 1,855 sqft
    2019-06-01 0 days 1,849 sqft
    2019-07-01 0 days 1,853 sqft
    2019-08-01 0 days 1,786 sqft
    2019-09-01 0 days 1,699 sqft
    2019-10-01 0 days 1,681 sqft
    2019-11-01 0 days 1,712 sqft
    2019-12-01 0 days 1,797 sqft
    2020-01-01 0 days 1,756 sqft
    2020-02-01 0 days 1,780 sqft
    2020-03-01 0 days 1,795 sqft
    2020-04-01 0 days 1,748 sqft
    2020-05-01 0 days 1,645 sqft
    2020-06-01 0 days 1,813 sqft
    2020-07-01 0 days 1,791 sqft
    2020-08-01 0 days 1,642 sqft
    2020-09-01 0 days 1,613 sqft
    2020-10-01 0 days 1,814 sqft
    2020-11-01 0 days 1,935 sqft
    2020-12-01 0 days 1,805 sqft
    2021-01-01 0 days 2,042 sqft
    2021-02-01 0 days 2,042 sqft
    2021-03-01 0 days 1,518 sqft
    2021-04-01 0 days 1,516 sqft
    2021-05-01 0 days 1,574 sqft
    2021-06-01 0 days 1,620 sqft
    2021-07-01 0 days 1,868 sqft
    2021-08-01 0 days 1,902 sqft
    2021-09-01 0 days 1,931 sqft
    2021-10-01 0 days 2,012 sqft
    2021-11-01 0 days 1,796 sqft
    2021-12-01 0 days 1,875 sqft
    2022-01-01 0 days 1,964 sqft
    2022-02-01 0 days 1,996 sqft
    2022-03-01 0 days 1,774 sqft
    2022-04-01 0 days 1,738 sqft
    2022-05-01 0 days 1,617 sqft
    2022-06-01 0 days 1,946 sqft
    2022-07-01 0 days 1,868 sqft
    2022-08-01 0 days 1,773 sqft
    2022-09-01 0 days 1,762 sqft
    2022-10-01 0 days 1,572 sqft
    2022-11-01 0 days 1,741 sqft
    2022-12-01 0 days 1,616 sqft
    2023-01-01 0 days 1,778 sqft
    2023-02-01 0 days 1,865 sqft
    2023-03-01 0 days 1,840 sqft
    2023-04-01 0 days 1,957 sqft
    2023-05-01 0 days 1,825 sqft
    2023-06-01 0 days 1,984 sqft
    2023-07-01 0 days 2,359 sqft
    2023-08-01 0 days 1,905 sqft
    2023-09-01 0 days 1,778 sqft
    2023-10-01 0 days 1,772 sqft
    2023-11-01 0 days 1,928 sqft
    2023-12-01 0 days 1,962 sqft
    2024-01-01 0 days 1,883 sqft
    2024-02-01 0 days 1,662 sqft
    2024-03-01 0 days 1,592 sqft
    Fitzgerald's median listing age (time on market) for 2024-03-01 was 0 days.

    Fitzgerald's median square footage for active listings during the 2024-03-01 period was 1,592 sqft. One year prior, the average listing was 1,840 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.