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 63 lenders originated 199 VA loans during 2023. The total origination value was $79,665,000, with an average VA loan value of $400,327.

    Gainesville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Gainesville averaged 6.37% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Gainesville's average VA mortgage closing costs are $6,774.

    The average rate for the prior week (2025-02-07) was 6.71% and one month ago for the week of 2025-01-10, the average rate was 6.84%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.67%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.51% $9,409
    UNITED WHOLESALE MORTGAGE, LLC 18 6.21% $7,267
    QUICKEN LOANS, LLC 12 6.13% $16,048
    HOMESTAR FINANCIAL CORPORATION 10 6.78% $10,847
    NAVY FEDERAL CREDIT UNION 10 5.91% $6,649
    FREEDOM MORTGAGE CORPORATION 10 6.50% $17,497
    VANDERBILT MORTGAGE AND FINANCE, INC. 9 5.76% $5,679
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.81% $9,237
    Ameris Bank 6 6.17% $12,217
    NEW DAY FINANCIAL, LLC 6 7.50% $13,552
    BROKER SOLUTIONS, INC. 5 6.10% $10,786
    LOANDEPOT.COM, LLC 5 5.67% $13,939
    USAA Federal Savings Bank 4 5.81% $10,456
    GUARANTEED RATE, INC. 4 6.23% $7,307
    The Federal Savings Bank 3 6.25% $20,266
    MOVEMENT MORTGAGE, LLC 3 7.04% $8,311
    FIRST COMMUNITY MORTGAGE, INC. 2 7.63% $12,759
    AMERISAVE MORTGAGE CORPORATION 2 5.50% $21,357
    Capital City Home Loans, LLC 2 6.63% $34,634
    CMG MORTGAGE, INC. 2 6.50% $5,245
    Wells Fargo Bank 2 5.38% $13,937
    Prosperity Home Mortgage, LLC 2 5.69% $3,655
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.25% $12,716
    PENTAGON FEDERAL CREDIT UNION 2 5.75% $3,948
    EVERETT FINANCIAL, INC. 2 6.63% $16,988
    Regions Bank 2 6.38% $5,259
    Paramount Residential Mortgage Group, Inc. 2 6.25% $8,652
    STOCKTON MORTGAGE CORPORATION 2 6.25% $8,539
    Synovus Bank 1 6.50% $4,953
    T2 FINANCIAL LLC 1 7.13% $6,119
    Truist 1 5.13% $4,768
    UNION HOME MORTGAGE CORP. 1 5.38% $18,941
    United Community Bank 1 7.00% $6,447
    VILLAGE CAPITAL MORTGAGE 1 6.00% $9,453
    ACOPIA, LLC 1 5.75% $689
    ZILLOW HOME LOANS, LLC 1 7.25% $0
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $1,754
    Bank of England 1 6.13% $4,593
    BNC National Bank 1 5.88% $7,773
    CALIBER HOME LOANS, INC. 1 6.25% $13,671
    CARDINAL FINANCIAL 1 5.75% $20,816
    Carrington Mortgage Services, LLC 1 5.13% $6,867
    Century Mortgage Company DBA Century Lending Company 1 5.63% $12,475
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $15,612
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $22,424
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $6,829
    GMFS LLC 1 6.13% $9,827
    Goldwater Bank, N.A. 1 6.63% $12,893
    GUARANTEED RATE AFFINITY, LLC 1 6.15% $29,915
    GUARANTY MORTGAGE SERVICES, L.L.C. 1 7.25% $5,293
    GUILD MORTGAGE COMPANY 1 5.38% $9,383
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $4,224
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $10,176
    Mid-Continent Funding, Inc. 1 5.75% $2,587
    MORTGAGE INVESTORS GROUP, INC. 1 5.50% $15,806
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $14,651
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.75% $8,882
    NBKC BANK 1 6.00% $3,275
    NEWREZ LLC 1 6.75% $17,918
    ONY GLO, INC. 1 5.13% $33,005
    PENNYMAC LOAN SERVICES, LLC 1 5.49% $8,627
    PULTE MORTGAGE LLC 1 6.88% $792
    SHELTER HOME MORTGAGE, LLC 1 6.13% $8,155

    The top Gainesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $9,409, which is $2,142 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Gainesville VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,649), UNITED WHOLESALE MORTGAGE, LLC ($7,267), Mortgage Research Center, LLC ($9,409), HOMESTAR FINANCIAL CORPORATION ($10,847) and QUICKEN LOANS, LLC ($16,048).

    The lowest rate Gainesville VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.91%), QUICKEN LOANS, LLC (6.13%), UNITED WHOLESALE MORTGAGE, LLC (6.21%), FREEDOM MORTGAGE CORPORATION (6.50%) and Mortgage Research Center, LLC (6.51%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gainesville (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 $317,450 (5.8%) $428,548 (0.9%) 1.18 840
    2018-02-01 $322,225 (4.0%) $429,091 (-0.6%) 1.18 881
    2018-03-01 $333,111 (4.4%) $435,876 (1.7%) 1.18 906
    2018-04-01 $349,900 (7.7%) $468,659 (8.9%) 1.19 1,006
    2018-05-01 $349,900 (6.4%) $447,745 (3.1%) 1.17 1,058
    2018-06-01 $351,717 (6.6%) $461,541 (9.0%) 1.18 1,060
    2018-07-01 $352,746 (8.5%) $454,052 (7.7%) 1.18 1,065
    2018-08-01 $355,450 (9.4%) $457,614 (8.1%) 1.19 1,058
    2018-09-01 $352,025 (8.3%) $452,336 (7.4%) 1.18 1,069
    2018-10-01 $339,900 (4.5%) $438,615 (4.2%) 1.15 1,218
    2018-11-01 $339,950 (7.1%) $441,191 (5.8%) 1.15 1,172
    2018-12-01 $337,900 (9.5%) $432,049 (3.4%) 1.17 1,160
    2019-01-01 $338,450 (6.6%) $443,034 (3.4%) 1.17 1,084
    2019-02-01 $347,953 (8.0%) $471,391 (9.9%) 1.17 1,055
    2019-03-01 $328,471 (-1.4%) $442,117 (1.4%) 1.07 1,206
    2019-04-01 $299,900 (-14.3%) $390,673 (-16.6%) 0.95 1,471
    2019-05-01 $299,900 (-14.3%) $393,158 (-12.2%) 0.94 1,512
    2019-06-01 $289,700 (-17.6%) $394,889 (-14.4%) 0.91 1,544
    2019-07-01 $286,722 (-18.7%) $395,220 (-13.0%) 0.90 1,559
    2019-08-01 $285,267 (-19.7%) $387,951 (-15.2%) 0.90 1,542
    2019-09-01 $285,668 (-18.9%) $379,542 (-16.1%) 0.92 1,481
    2019-10-01 $304,855 (-10.3%) $406,372 (-7.4%) 0.99 1,225
    2019-11-01 $322,980 (-5.0%) $438,742 (-0.6%) 1.06 1,010
    2019-12-01 $321,265 (-4.9%) $440,222 (1.9%) 1.07 969
    2020-01-01 $318,243 (-6.0%) $447,270 (1.0%) 1.06 902
    2020-02-01 $324,000 (-6.9%) $458,702 (-2.7%) 1.05 881
    2020-03-01 $341,401 (3.9%) $470,286 (6.4%) 1.07 939
    2020-04-01 $342,992 (14.4%) $473,103 (21.1%) 1.07 975
    2020-05-01 $350,000 (16.7%) $487,135 (23.9%) 1.06 916
    2020-06-01 $353,048 (21.9%) $492,891 (24.8%) 1.04 794
    2020-07-01 $352,450 (22.9%) $499,084 (26.3%) 1.02 746
    2020-08-01 $365,000 (28.0%) $512,720 (32.2%) 1.05 660
    2020-09-01 $369,550 (29.4%) $540,678 (42.5%) 1.07 589
    2020-10-01 $362,500 (18.9%) $521,444 (28.3%) 1.04 570
    2020-11-01 $363,500 (12.6%) $540,629 (23.2%) 1.06 508
    2020-12-01 $363,100 (13.0%) $549,093 (24.7%) 1.06 457
    2021-01-01 $369,900 (16.2%) $572,317 (28.0%) 1.09 372
    2021-02-01 $398,843 (23.1%) $611,483 (33.3%) 1.16 281
    2021-03-01 $385,283 (12.9%) $616,486 (31.1%) 1.09 282
    2021-04-01 $409,450 (19.4%) $671,321 (41.9%) 1.12 267
    2021-05-01 $444,875 (27.1%) $671,413 (37.8%) 1.17 277
    2021-06-01 $420,752 (19.2%) $693,245 (40.7%) 1.11 319
    2021-07-01 $420,000 (19.2%) $708,695 (42.0%) 1.11 397
    2021-08-01 $418,000 (14.5%) $659,716 (28.7%) 1.11 428
    2021-09-01 $426,000 (15.3%) $626,143 (15.8%) 1.14 413
    2021-10-01 $449,899 (24.1%) $628,286 (20.5%) 1.20 405
    2021-11-01 $469,365 (29.1%) $637,495 (17.9%) 1.25 401
    2021-12-01 $461,750 (27.2%) $644,989 (17.5%) 1.25 354
    2022-01-01 $459,396 (24.2%) $631,894 (10.4%) 1.24 292
    2022-02-01 $459,950 (15.3%) $614,619 (0.5%) 1.20 303
    2022-03-01 $487,267 (26.5%) $621,024 (0.7%) 1.22 315
    2022-04-01 $496,225 (21.2%) $664,164 (-1.1%) 1.19 336
    2022-05-01 $498,190 (12.0%) $657,382 (-2.1%) 1.14 412
    2022-06-01 $514,150 (22.2%) $667,907 (-3.7%) 1.15 501
    2022-07-01 $501,915 (19.5%) $653,013 (-7.9%) 1.13 606
    2022-08-01 $499,450 (19.5%) $616,679 (-6.5%) 1.15 658
    2022-09-01 $493,609 (15.9%) $606,442 (-3.2%) 1.15 684
    2022-10-01 $484,995 (7.8%) $586,163 (-6.7%) 1.14 686
    2022-11-01 $476,645 (1.6%) $566,613 (-11.1%) 1.15 672
    2022-12-01 $479,000 (3.7%) $576,277 (-10.7%) 1.18 605
    2023-01-01 $478,320 (4.1%) $576,744 (-8.7%) 1.19 529
    2023-02-01 $477,000 (3.7%) $591,366 (-3.8%) 1.15 493
    2023-03-01 $470,000 (-3.5%) $596,407 (-4.0%) 1.12 493
    2023-04-01 $494,288 (-0.4%) $668,411 (0.6%) 1.15 435
    2023-05-01 $496,104 (-0.4%) $694,883 (5.7%) 1.13 438
    2023-06-01 $496,430 (-3.5%) $690,876 (3.4%) 1.12 492
    2023-07-01 $495,250 (-1.3%) $671,540 (2.8%) 1.13 494
    2023-08-01 $480,445 (-3.8%) $674,980 (9.5%) 1.11 534
    2023-09-01 $475,900 (-3.6%) $660,590 (8.9%) 1.12 522
    2023-10-01 $483,870 (-0.2%) $636,923 (8.7%) 1.15 538
    2023-11-01 $486,814 (2.1%) $646,791 (14.2%) 1.16 582
    2023-12-01 $494,605 (3.3%) $664,747 (15.4%) 1.21 575
    2024-01-01 $510,733 (6.8%) $673,792 (16.8%) 1.25 524
    2024-02-01 $522,445 (9.5%) $698,090 (18.1%) 1.26 516
    2024-03-01 $539,900 (14.9%) $711,198 (19.3%) 1.27 520
    2024-04-01 $548,425 (11.0%) $717,019 (7.3%) 1.27 545
    2024-05-01 $544,456 (9.8%) $738,120 (6.2%) 1.24 609
    2024-06-01 $544,900 (9.8%) $732,514 (6.0%) 1.23 659
    2024-07-01 $543,300 (9.7%) $739,207 (10.1%) 1.24 730
    2024-08-01 $520,000 (8.2%) $719,982 (6.7%) 1.20 778
    2024-09-01 $502,500 (5.6%) $711,393 (7.7%) 1.18 790
    2024-10-01 $494,500 (2.2%) $698,675 (9.7%) 1.16 833
    2024-11-01 $488,450 (0.3%) $691,833 (7.0%) 1.17 846
    2024-12-01 $484,629 (-2.0%) $698,411 (5.1%) 1.20 807
    2025-01-01 $491,293 (-3.8%) $697,517 (3.5%) 0.00 772
    Gainesville's median listing price for 2025-01-01 was $491,293, a difference of $-19,440 (-3.8%) versus the prior year and $6,664 versus the prior month.

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

    Gainesville's average listing price for 2025-01-01 was $697,517, a difference of $23,725 (3.5%) versus the prior year and $-894 versus the prior month.

    For the 2025-01-01 period, Gainesville had 772 MLS listings, a difference of -35 listings (-4%) versus the prior month and 248 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 2,590 sqft
    2018-02-01 78 days 2,645 sqft
    2018-03-01 60 days 2,651 sqft
    2018-04-01 60 days 2,670 sqft
    2018-05-01 59 days 2,690 sqft
    2018-06-01 71 days 2,767 sqft
    2018-07-01 77 days 2,747 sqft
    2018-08-01 78 days 2,790 sqft
    2018-09-01 72 days 2,790 sqft
    2018-10-01 75 days 2,676 sqft
    2018-11-01 79 days 2,659 sqft
    2018-12-01 86 days 2,637 sqft
    2019-01-01 86 days 2,648 sqft
    2019-02-01 79 days 2,693 sqft
    2019-03-01 76 days 2,765 sqft
    2019-04-01 72 days 2,773 sqft
    2019-05-01 64 days 2,782 sqft
    2019-06-01 65 days 2,700 sqft
    2019-07-01 74 days 2,730 sqft
    2019-08-01 78 days 2,749 sqft
    2019-09-01 80 days 2,720 sqft
    2019-10-01 78 days 2,652 sqft
    2019-11-01 78 days 2,600 sqft
    2019-12-01 80 days 2,600 sqft
    2020-01-01 77 days 2,572 sqft
    2020-02-01 68 days 2,577 sqft
    2020-03-01 56 days 2,694 sqft
    2020-04-01 59 days 2,685 sqft
    2020-05-01 74 days 2,684 sqft
    2020-06-01 81 days 2,769 sqft
    2020-07-01 67 days 2,744 sqft
    2020-08-01 60 days 2,769 sqft
    2020-09-01 59 days 2,789 sqft
    2020-10-01 52 days 2,733 sqft
    2020-11-01 55 days 2,667 sqft
    2020-12-01 66 days 2,695 sqft
    2021-01-01 67 days 2,726 sqft
    2021-02-01 43 days 2,729 sqft
    2021-03-01 38 days 2,568 sqft
    2021-04-01 41 days 2,815 sqft
    2021-05-01 33 days 2,827 sqft
    2021-06-01 33 days 2,629 sqft
    2021-07-01 31 days 2,707 sqft
    2021-08-01 42 days 2,618 sqft
    2021-09-01 48 days 2,626 sqft
    2021-10-01 53 days 2,680 sqft
    2021-11-01 51 days 2,701 sqft
    2021-12-01 58 days 2,569 sqft
    2022-01-01 60 days 2,500 sqft
    2022-02-01 33 days 2,449 sqft
    2022-03-01 36 days 2,519 sqft
    2022-04-01 34 days 2,604 sqft
    2022-05-01 31 days 2,541 sqft
    2022-06-01 30 days 2,653 sqft
    2022-07-01 35 days 2,584 sqft
    2022-08-01 47 days 2,537 sqft
    2022-09-01 51 days 2,493 sqft
    2022-10-01 54 days 2,491 sqft
    2022-11-01 65 days 2,496 sqft
    2022-12-01 77 days 2,517 sqft
    2023-01-01 87 days 2,549 sqft
    2023-02-01 58 days 2,476 sqft
    2023-03-01 44 days 2,433 sqft
    2023-04-01 42 days 2,499 sqft
    2023-05-01 39 days 2,532 sqft
    2023-06-01 37 days 2,528 sqft
    2023-07-01 44 days 2,537 sqft
    2023-08-01 47 days 2,515 sqft
    2023-09-01 49 days 2,470 sqft
    2023-10-01 47 days 2,500 sqft
    2023-11-01 51 days 2,495 sqft
    2023-12-01 58 days 2,470 sqft
    2024-01-01 60 days 2,554 sqft
    2024-02-01 47 days 2,573 sqft
    2024-03-01 45 days 2,627 sqft
    2024-04-01 44 days 2,638 sqft
    2024-05-01 37 days 2,654 sqft
    2024-06-01 42 days 2,621 sqft
    2024-07-01 44 days 2,611 sqft
    2024-08-01 49 days 2,546 sqft
    2024-09-01 54 days 2,510 sqft
    2024-10-01 52 days 2,458 sqft
    2024-11-01 54 days 2,438 sqft
    2024-12-01 65 days 2,416 sqft
    2025-01-01 0 days 2,426 sqft
    Gainesville's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Gainesville's median square footage for active listings during the 2025-01-01 period was 2,426 sqft. One year prior, the average listing was 2,554 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.