Gainesville VA Loan Rates, Closing Costs & Stats
GAINESVILLE, GA
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 105 lenders originated 756 VA loans during 2021. The total origination value was $229,700,000, with an average VA loan value of $303,836.
Gainesville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Gainesville
averaged
6.3%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Gainesville's average VA mortgage closing costs are $5,751.
The average rate for the prior week (2023-01-20) was
5.93% and
one month ago for the week of 2022-12-23, the
average rate was 6.7%.
The average rate one year ago was 4%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.88%.
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.
The top Gainesville VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
82 VA loans originated. Their average total fees are
$5,414, which is $2,213
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Gainesville VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,818), FREEDOM MORTGAGE CORPORATION ($3,202), VILLAGE CAPITAL MORTGAGE ($3,287), Mr. Cooper ( Nationstar Mortgage ) ($3,683) and CALIBER HOME LOANS, INC. ($4,333).
The lowest rate Gainesville VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.15%), VILLAGE CAPITAL MORTGAGE (2.30%), PENNYMAC LOAN SERVICES, LLC (2.37%), FREEDOM MORTGAGE CORPORATION (2.42%) and LAKEVIEW LOAN SERVICING, LLC (2.43%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $317,450 (5.8%) | $432,409 (1.0%) | 1.18 | 850 |
2018-02-01 | $324,738 (4.8%) | $432,984 (-0.6%) | 1.18 | 891 |
2018-03-01 | $335,025 (5.0%) | $440,509 (1.6%) | 1.18 | 913 |
2018-04-01 | $349,900 (7.7%) | $470,120 (7.6%) | 1.19 | 1,018 |
2018-05-01 | $349,925 (6.4%) | $447,911 (1.8%) | 1.17 | 1,071 |
2018-06-01 | $352,950 (7.0%) | $461,402 (7.7%) | 1.18 | 1,072 |
2018-07-01 | $353,348 (8.6%) | $454,068 (6.5%) | 1.18 | 1,075 |
2018-08-01 | $355,450 (9.3%) | $457,698 (6.7%) | 1.19 | 1,066 |
2018-09-01 | $352,463 (8.5%) | $453,005 (6.7%) | 1.18 | 1,075 |
2018-10-01 | $339,950 (4.3%) | $439,539 (3.6%) | 1.15 | 1,221 |
2018-11-01 | $340,000 (6.5%) | $442,310 (5.1%) | 1.15 | 1,174 |
2018-12-01 | $337,950 (9.1%) | $433,242 (2.6%) | 1.17 | 1,161 |
2019-01-01 | $338,750 (6.7%) | $443,786 (2.6%) | 1.17 | 1,087 |
2019-02-01 | $347,460 (7.0%) | $470,817 (8.7%) | 1.17 | 1,063 |
2019-03-01 | $328,471 (-2.0%) | $442,907 (0.5%) | 1.07 | 1,213 |
2019-04-01 | $299,900 (-14.3%) | $392,764 (-16.5%) | 0.95 | 1,477 |
2019-05-01 | $299,900 (-14.3%) | $395,187 (-11.8%) | 0.94 | 1,520 |
2019-06-01 | $289,500 (-18.0%) | $396,645 (-14.0%) | 0.90 | 1,550 |
2019-07-01 | $286,407 (-18.9%) | $396,228 (-12.7%) | 0.90 | 1,564 |
2019-08-01 | $285,465 (-19.7%) | $388,362 (-15.2%) | 0.90 | 1,551 |
2019-09-01 | $286,163 (-18.8%) | $380,368 (-16.0%) | 0.92 | 1,492 |
2019-10-01 | $305,217 (-10.2%) | $406,857 (-7.4%) | 0.98 | 1,237 |
2019-11-01 | $322,980 (-5.0%) | $438,894 (-0.8%) | 1.06 | 1,017 |
2019-12-01 | $321,265 (-4.9%) | $441,233 (1.8%) | 1.07 | 976 |
2020-01-01 | $318,369 (-6.0%) | $447,320 (0.8%) | 1.06 | 911 |
2020-02-01 | $320,758 (-7.7%) | $458,502 (-2.6%) | 1.05 | 891 |
2020-03-01 | $339,950 (3.5%) | $468,872 (5.9%) | 1.06 | 950 |
2020-04-01 | $340,745 (13.6%) | $471,606 (20.1%) | 1.07 | 985 |
2020-05-01 | $349,950 (16.7%) | $486,787 (23.2%) | 1.06 | 922 |
2020-06-01 | $352,048 (21.6%) | $492,655 (24.2%) | 1.04 | 799 |
2020-07-01 | $352,178 (23.0%) | $499,734 (26.1%) | 1.02 | 749 |
2020-08-01 | $365,000 (27.9%) | $514,855 (32.6%) | 1.05 | 662 |
2020-09-01 | $369,600 (29.2%) | $541,643 (42.4%) | 1.06 | 593 |
2020-10-01 | $362,500 (18.8%) | $521,127 (28.1%) | 1.04 | 572 |
2020-11-01 | $362,640 (12.3%) | $539,879 (23.0%) | 1.06 | 509 |
2020-12-01 | $362,607 (12.9%) | $547,221 (24.0%) | 1.08 | 458 |
2021-01-01 | $369,778 (16.2%) | $569,995 (27.4%) | 1.10 | 375 |
2021-02-01 | $399,785 (24.6%) | $609,311 (32.9%) | 1.16 | 284 |
2021-03-01 | $385,495 (13.4%) | $612,243 (30.6%) | 1.09 | 286 |
2021-04-01 | $408,840 (20.0%) | $668,161 (41.7%) | 1.11 | 268 |
2021-05-01 | $439,750 (25.7%) | $667,475 (37.1%) | 1.16 | 279 |
2021-06-01 | $421,488 (19.7%) | $689,439 (39.9%) | 1.11 | 324 |
2021-07-01 | $419,900 (19.2%) | $706,942 (41.5%) | 1.11 | 398 |
2021-08-01 | $416,000 (14.0%) | $657,855 (27.8%) | 1.11 | 432 |
2021-09-01 | $426,000 (15.3%) | $626,482 (15.7%) | 1.14 | 415 |
2021-10-01 | $449,899 (24.1%) | $630,318 (21.0%) | 1.20 | 410 |
2021-11-01 | $468,749 (29.3%) | $636,903 (18.0%) | 1.25 | 406 |
2021-12-01 | $461,725 (27.3%) | $640,954 (17.1%) | 1.25 | 359 |
2022-01-01 | $458,651 (24.0%) | $627,550 (10.1%) | 1.24 | 296 |
2022-02-01 | $459,925 (15.0%) | $613,069 (0.6%) | 1.20 | 307 |
2022-03-01 | $486,720 (26.3%) | $622,263 (1.6%) | 1.22 | 319 |
2022-04-01 | $497,450 (21.7%) | $672,726 (0.7%) | 1.19 | 344 |
2022-05-01 | $499,136 (13.5%) | $663,884 (-0.5%) | 1.14 | 422 |
2022-06-01 | $517,049 (22.7%) | $672,696 (-2.4%) | 1.15 | 508 |
2022-07-01 | $501,915 (19.5%) | $656,059 (-7.2%) | 1.14 | 613 |
2022-08-01 | $499,900 (20.2%) | $620,060 (-5.8%) | 1.15 | 665 |
2022-09-01 | $493,159 (15.8%) | $609,326 (-2.7%) | 1.15 | 688 |
2022-10-01 | $478,340 (6.3%) | $589,666 (-6.5%) | 1.13 | 690 |
2022-11-01 | $476,975 (1.8%) | $569,465 (-10.6%) | 1.15 | 678 |
2022-12-01 | $479,000 (3.7%) | $585,564 (-8.6%) | 1.20 | 611 |
Gainesville's median listing price comes in at 120% of the national average.
Gainesville's average listing price for 2022-12-01 was $585,564, a difference of $-55,390 (-8.6%) versus the prior year and $16,099 versus the prior month.
For the 2022-12-01 period, Gainesville had 611 MLS listings, a difference of -67 listings (-10%) versus the prior month and 252 listings (70%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 81 days | 2,567 sqft |
2018-02-01 | 82 days | 2,617 sqft |
2018-03-01 | 64 days | 2,635 sqft |
2018-04-01 | 62 days | 2,658 sqft |
2018-05-01 | 61 days | 2,674 sqft |
2018-06-01 | 73 days | 2,738 sqft |
2018-07-01 | 80 days | 2,725 sqft |
2018-08-01 | 85 days | 2,775 sqft |
2018-09-01 | 78 days | 2,768 sqft |
2018-10-01 | 84 days | 2,674 sqft |
2018-11-01 | 87 days | 2,665 sqft |
2018-12-01 | 95 days | 2,626 sqft |
2019-01-01 | 95 days | 2,657 sqft |
2019-02-01 | 87 days | 2,675 sqft |
2019-03-01 | 88 days | 2,710 sqft |
2019-04-01 | 92 days | 2,700 sqft |
2019-05-01 | 85 days | 2,697 sqft |
2019-06-01 | 84 days | 2,626 sqft |
2019-07-01 | 87 days | 2,669 sqft |
2019-08-01 | 89 days | 2,676 sqft |
2019-09-01 | 92 days | 2,646 sqft |
2019-10-01 | 87 days | 2,611 sqft |
2019-11-01 | 82 days | 2,599 sqft |
2019-12-01 | 83 days | 2,589 sqft |
2020-01-01 | 80 days | 2,558 sqft |
2020-02-01 | 73 days | 2,570 sqft |
2020-03-01 | 58 days | 2,662 sqft |
2020-04-01 | 62 days | 2,669 sqft |
2020-05-01 | 76 days | 2,670 sqft |
2020-06-01 | 85 days | 2,739 sqft |
2020-07-01 | 74 days | 2,719 sqft |
2020-08-01 | 66 days | 2,760 sqft |
2020-09-01 | 62 days | 2,774 sqft |
2020-10-01 | 54 days | 2,714 sqft |
2020-11-01 | 59 days | 2,657 sqft |
2020-12-01 | 70 days | 2,692 sqft |
2021-01-01 | 69 days | 2,726 sqft |
2021-02-01 | 51 days | 2,727 sqft |
2021-03-01 | 38 days | 2,566 sqft |
2021-04-01 | 42 days | 2,811 sqft |
2021-05-01 | 35 days | 2,818 sqft |
2021-06-01 | 33 days | 2,607 sqft |
2021-07-01 | 33 days | 2,671 sqft |
2021-08-01 | 42 days | 2,626 sqft |
2021-09-01 | 50 days | 2,627 sqft |
2021-10-01 | 55 days | 2,693 sqft |
2021-11-01 | 52 days | 2,697 sqft |
2021-12-01 | 59 days | 2,555 sqft |
2022-01-01 | 60 days | 2,500 sqft |
2022-02-01 | 34 days | 2,447 sqft |
2022-03-01 | 36 days | 2,523 sqft |
2022-04-01 | 34 days | 2,640 sqft |
2022-05-01 | 32 days | 2,574 sqft |
2022-06-01 | 31 days | 2,669 sqft |
2022-07-01 | 36 days | 2,601 sqft |
2022-08-01 | 47 days | 2,538 sqft |
2022-09-01 | 51 days | 2,506 sqft |
2022-10-01 | 56 days | 2,500 sqft |
2022-11-01 | 66 days | 2,502 sqft |
2022-12-01 | 77 days | 2,528 sqft |
Gainesville's median square footage for active listings during the 2022-12-01 period was 2,528 sqft. One year prior, the average listing was 2,555 sqft.