Gainesville VA Loan Rates, Closing Costs & Stats

GAINESVILLE, 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.

    Gainesville's 69 lenders originated 261 VA loans during 2024. The total origination value was $117,745,000, with an average VA loan value of $451,130.

    Gainesville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Gainesville averaged 0.22% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Gainesville's average VA mortgage closing costs are $7,120.

    The average rate for the prior week (2025-06-27) was 6.55% and one month ago for the week of 2025-05-30, the average rate was 6.68%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.21%.

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

    Gainesville 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 Gainesville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 33 6.30% $7,844
    UNITED WHOLESALE MORTGAGE, LLC 32 5.93% $7,274
    QUICKEN LOANS, LLC 17 5.99% $12,427
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.55% $9,272
    FREEDOM MORTGAGE CORPORATION 13 6.04% $12,648
    VANDERBILT MORTGAGE AND FINANCE, INC. 9 5.37% $8,691
    VILLAGE CAPITAL MORTGAGE 8 5.54% $7,629
    LOANDEPOT.COM, LLC 8 5.64% $9,534
    NAVY FEDERAL CREDIT UNION 5 5.93% $6,400
    The Federal Savings Bank 5 6.45% $19,656
    GUARANTY MORTGAGE SERVICES, L.L.C. 4 6.45% $17,043
    NBKC BANK 4 6.00% $12,435
    Ameris Bank 4 6.06% $14,681
    PLANET HOME LENDING, LLC 4 6.09% $4,436
    PENNYMAC LOAN SERVICES, LLC 4 5.34% $18,419
    USAA Federal Savings Bank 4 6.69% $13,973
    GUARANTEED RATE, INC. 3 5.92% $29,086
    NEW DAY FINANCIAL, LLC 3 6.70% $8,410
    Mr. Cooper ( Nationstar Mortgage ) 3 6.04% $14,860
    FIRST COMMUNITY MORTGAGE, INC. 2 6.81% $8,051
    BROKER SOLUTIONS, INC. 2 6.38% $6,247
    Capital City Home Loans, LLC 2 6.88% $13,859
    CMG MORTGAGE, INC. 2 5.88% $6,052
    DHI MORTGAGE COMPANY, LTD. 2 4.75% $7,072
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $13,902
    ACOPIA, LLC 2 5.81% $4,853
    HOMESIDE FINANCIAL, LLC 2 6.87% $37,534
    Magnolia Bank 2 6.25% $24,613
    PLAZA HOME MORTGAGE, INC. 2 6.06% $20,722
    RADIUS FINANCIAL GROUP INC. 2 6.00% $11,755
    Regions Bank 2 5.75% $8,999
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.50% $14,314
    South Pacific Financial Corporation 2 4.50% $9,678
    TJC Mortgage, Inc. 2 6.38% $14,732
    VERITAS FUNDING, LLC 2 6.44% $33,770
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.63% $16,374
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $11,136
    GUILD MORTGAGE COMPANY 1 6.13% $9,349
    Flagstar Bank, FSB 1 6.13% $12,314
    First Federal Bank 1 5.63% $7,490
    NEWREZ LLC 1 5.75% $6,689
    NFM, INC. 1 7.50% $19,244
    North American Savings Bank, F.S.B. 1 6.13% $9,779
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $2,118
    NP, Inc. 1 7.00% $17,774
    Credence Funding Corporation 1 5.50% $8,785
    Plains Commerce Bank 1 6.88% $3,194
    Carrington Mortgage Services, LLC 1 6.13% $2,007
    TOWNE MORTGAGE COMPANY 1 6.99% $18,553
    PULTE MORTGAGE LLC 1 4.25% $15,894
    CARDINAL FINANCIAL 1 5.13% $3,053
    Truist 1 6.00% $12,361
    BANKSOUTH MORTGAGE COMPANY, LLC 1 6.63% $10,827
    Bank of England 1 7.25% $1,101
    Southern First Bank 1 7.00% $3,364
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $13,297
    Stifel Bank and Trust 1 5.50% $2,068
    STOCKTON MORTGAGE CORPORATION 1 7.25% $8,784
    SUMMIT FUNDING, INC. 1 6.75% $17,878
    Barrington Bank & Trust Company, N.A. 1 6.75% $34,086
    The Loan Store, Inc. 1 6.13% $6,408
    JMAC LENDING, INC. 1 5.25% $20,014
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $18,372
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.75% $2,336
    ISERVE RESIDENTIAL LENDING, LLC 1 6.75% $22,747
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $17,201
    INSPIRE HOME LOANS INC. 1 5.75% $3,196
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $2,281
    MOVEMENT MORTGAGE, LLC 1 6.25% $7,499

    The top Gainesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 33 VA loans originated. Their average total fees are $7,844, which is $571 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Gainesville VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,274), Mortgage Research Center, LLC ($7,844), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,272), QUICKEN LOANS, LLC ($12,427) and FREEDOM MORTGAGE CORPORATION ($12,648).

    The lowest rate Gainesville VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.93%), QUICKEN LOANS, LLC (5.99%), FREEDOM MORTGAGE CORPORATION (6.04%), Mortgage Research Center, LLC (6.30%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.55%).

    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.