Huntsville VA Loan Rates, Closing Costs & Stats

HUNTSVILLE, 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.

    Huntsville's 159 lenders originated 2,849 VA loans during 2022. The total origination value was $1,037,165,000, with an average VA loan value of $364,045.

    Huntsville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Huntsville averaged -0.39% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

    Huntsville's average VA mortgage closing costs are $5,626.

    The average rate for the prior week (2023-05-26) was 6.24% and one month ago for the week of 2023-04-28, the average rate was 5.6%.

    The average rate one year ago was 4.75%.

    For refis of the same type during the week of 2023-06-02, the average rate was -0.91%.

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

    Huntsville 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 Huntsville level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 233 5.19% $7,542
    QUICKEN LOANS, LLC 168 4.29% $11,797
    UNITED WHOLESALE MORTGAGE, LLC 144 4.35% $8,782
    LOANDEPOT.COM, LLC 137 4.26% $10,669
    FREEDOM MORTGAGE CORPORATION 122 4.10% $10,038
    FirstBank 114 4.42% $7,954
    DHI MORTGAGE COMPANY, LTD. 106 3.99% $6,914
    USAA Federal Savings Bank 95 4.56% $7,510
    NAVY FEDERAL CREDIT UNION 86 3.82% $7,331
    PENNYMAC LOAN SERVICES, LLC 84 3.33% $8,713
    NEW DAY FINANCIAL, LLC 72 4.70% $10,974
    VANDERBILT MORTGAGE AND FINANCE, INC. 70 4.69% $6,115
    Hometown Lenders, Inc. 58 4.37% $9,810
    MOVEMENT MORTGAGE, LLC 57 4.89% $7,427
    HOME POINT FINANCIAL CORPORATION 51 4.19% $10,591
    CERTAINTY HOME LOANS, LLC 50 4.51% $10,315
    Flagstar Bank, FSB 47 4.79% $6,599
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 4.84% $7,662
    TJC Mortgage, Inc. 40 4.33% $12,209
    REDSTONE Federal Credit Union 35 4.83% $5,944
    Wells Fargo Bank 33 4.59% $5,924
    Trustmark National Bank 32 4.51% $8,767
    Progress Bank and Trust 32 4.20% $9,626
    GMFS LLC 32 4.24% $6,755
    Mr. Cooper ( Nationstar Mortgage ) 30 5.10% $11,010
    PENTAGON FEDERAL CREDIT UNION 27 3.41% $7,078
    EAGLE HOME MORTGAGE, LLC 25 5.26% $6,199
    South State Bank 24 4.59% $14,909
    MORTGAGE SOLUTIONS OF COLORADO, LLC 22 5.54% $8,041
    NEWREZ LLC 21 4.23% $7,771
    LAKEVIEW LOAN SERVICING, LLC 20 3.57% $5,274
    The Federal Savings Bank 20 4.34% $14,246
    CALIBER HOME LOANS, INC. 18 4.72% $8,347
    FIRST COMMUNITY MORTGAGE, INC. 18 4.78% $6,455
    BROKER SOLUTIONS, INC. 17 5.03% $8,746
    First Horizon Bank 17 4.17% $4,212
    Regions Bank 17 4.28% $10,546
    Bank of England 16 4.63% $10,187
    DSLD MORTGAGE, LLC 16 4.23% $4,306
    Carrington Mortgage Services, LLC 14 4.75% $8,169
    FirstTrust Home Loans, Inc. 14 5.02% $5,340
    Armed Forces Bank 13 3.85% $7,768
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 4.72% $7,641
    BancorpSouth Bank 13 5.18% $7,725
    AMERISAVE MORTGAGE CORPORATION 13 4.07% $15,129
    PLANET HOME LENDING, LLC 12 4.15% $9,770
    CLEARPATH LENDING 12 3.77% $10,383
    First Federal Bank, A FSB 12 4.50% $5,407
    GUARANTEED RATE, INC. 11 4.80% $6,582
    VILLAGE CAPITAL MORTGAGE 11 3.70% $9,686
    Synovus Bank 11 4.64% $5,701
    INTERLINC MORTGAGE SERVICES, LLC 10 4.30% $7,333
    CARDINAL FINANCIAL 9 5.08% $11,504
    PREMIA MORTGAGE, LLC 9 4.82% $5,723
    Hamilton Mortgage Corporation 9 5.13% $8,427
    CROSSCOUNTRY MORTGAGE, LLC 8 5.44% $11,331
    FINANCE OF AMERICA MORTGAGE LLC 8 4.31% $11,817
    NBKC BANK 8 4.41% $6,634
    North American Savings Bank, F.S.B. 8 3.61% $5,588
    Renasant Bank 8 4.50% $7,834
    U.S. Bank 7 5.41% $8,759
    GUARANTY HOME MORTGAGE CORPORATION 7 4.57% $7,249
    SUMMIT FUNDING, INC. 7 4.95% $11,125
    Magnolia Bank 7 3.82% $16,177
    FBC MORTGAGE, LLC 6 4.65% $6,808
    Total Media Management, LLC 6 4.23% $9,802
    The Central Trust Bank 5 4.75% $5,860
    SECURITYNATIONAL MORTGAGE COMPANY 5 4.45% $11,175
    CMG MORTGAGE, INC. 5 5.00% $5,902
    Assurance Financial Group, L.L.C. 5 4.65% $9,134
    Bank Independent 5 4.68% $9,111
    AMERICAN FINANCING CORPORATION 5 3.38% $9,898
    GUILD MORTGAGE COMPANY 5 4.70% $16,775
    MILEND, INC. 5 6.30% $12,763
    BNC National Bank 4 3.19% $1,764
    Mid-Continent Funding, Inc. 4 4.44% $8,887
    First Federal Bank of Kansas City 4 3.41% $3,221
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.84% $7,470
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 5.63% $6,634
    Texana Bank 4 4.22% $11,915
    MORTGAGE INVESTORS GROUP, INC. 4 4.56% $14,483
    Alcova Mortgage LLC 3 3.88% $6,481
    HOMESTAR FINANCIAL CORPORATION 3 6.42% $5,275
    GENEVA FINANCIAL, LLC 3 4.88% $7,536
    First Option Mortgage, LLC 3 4.71% $11,077
    Low VA Rates, LLC 3 4.38% $9,318
    Citizens Bank 3 5.08% $6,237
    GUARANTEED RATE AFFINITY, LLC 3 4.71% $2,142
    UNION HOME MORTGAGE CORP. 3 2.58% $8,608
    MUTUAL OF OMAHA MORTGAGE, INC. 3 4.79% $15,246
    AVADIAN 3 2.83% $7,664
    Paramount Residential Mortgage Group, Inc. 3 5.04% $7,685
    Pinnacle Bank 3 4.67% $8,672
    RELIANCE FIRST CAPITAL, LLC 3 4.63% $14,087
    Prosperity Home Mortgage, LLC 3 2.75% $10,614
    ROYAL UNITED MORTGAGE LLC 2 5.44% $18,218
    PNC Bank 2 2.88% $12,951
    Barrington Bank & Trust Company, N.A. 2 5.38% $8,591
    CBM Mortgage, Inc. 2 3.69% $22,341
    DAS Acquisition Company, LLC 2 5.44% $4,544
    CB&S Bank, Inc. 2 5.19% $6,132
    ROSS MORTGAGE CORPORATION 2 6.38% $6,826
    CONTOUR MORTGAGE CORPORATION 2 3.25% $16,044
    Century Mortgage Company DBA Century Lending Company 2 2.94% $6,025
    First Federal Bank 2 3.88% $13,321
    First Guaranty Mortgage Corporation 2 4.06% $6,435
    COMMUNITY MORTGAGE CORPORATION 2 5.06% $5,985
    KELLER MORTGAGE, LLC 2 5.00% $5,648
    EVERETT FINANCIAL, INC. 2 5.31% $11,887
    ACADEMY MORTGAGE CORPORATION 2 5.00% $4,392
    Equity Prime Mortgage LLC 2 5.75% $5,973
    NP, Inc. 2 3.38% $13,169
    HOMESIDE FINANCIAL, LLC 2 3.63% $8,980
    Wyoming Bank & Trust 1 6.00% $4,860
    ACOPIA, LLC 1 5.25% $9,030
    Amerifirst Financial, Inc. 1 4.63% $18,996
    ARC HOME LLC 1 6.63% $18,430
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.50% $6,235
    Bank of America 1 5.00% $12,300
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 7.13% $3,804
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.63% $18,410
    Capital City Home Loans, LLC 1 5.13% $3,555
    CityWorth Mortgage LLC 1 2.75% $4,216
    Consumer First Mortgage, Inc. 1 4.75% $8,496
    Credence Funding Corporation 1 4.75% $7,172
    DELMAR FINANCIAL COMPANY 1 2.75% $2,754
    EMBRACE HOME LOANS, INC. 1 4.50% $3,567
    EMM LOANS LLC 1 6.00% $3,805
    First Home Bank 1 3.00% $16,739
    First Savings Bank 1 4.50% $20,947
    Florida Capital Bank 1 4.50% $9,226
    Gateway First Bank 1 4.75% $10,008
    GERSHMAN INVESTMENT CORP. 1 3.25% $16,816
    JPMorgan Chase Bank 1 2.75% $4,359
    LOANFLIGHT LENDING, LLC 1 2.75% $2,525
    Meridian Bank Corporation 1 5.25% $9,448
    M&T Bank 1 4.63% $6,706
    Nations Lending Corporation 1 4.75% $15,295
    NBH Bank 1 5.38% $23,598
    NETWORK CAPITAL FUNDING CORPORATION 1 3.25% $4,911
    NFM, INC. 1 4.63% $3,234
    Plains Commerce Bank 1 3.75% $8,725
    Platinum Home Mortgage Corporation 1 5.63% $7,362
    S1L, Inc. 1 4.75% $13,362
    Semper Home Loans, Inc. 1 4.63% $2,135
    Service Federal Credit Union 1 4.63% $15,182
    SIRVA MORTGAGE, INC. 1 4.25% $9,380
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $12,431
    Stride Bank 1 4.13% $11,982
    Strong Home Mortgage, LLC 1 2.25% $5,942
    Sunflower Bank 1 3.99% $2,444
    SUN WEST MORTGAGE COMPANY, INC. 1 2.88% $2,238
    SWBC MORTGAGE CORPORATION 1 3.25% $7,481
    T2 FINANCIAL LLC 1 3.75% $13,664
    THRIVE MORTGAGE, LLC 1 6.13% $11,593
    Truist 1 4.50% $2,722
    V.I.P. MORTGAGE, INC. 1 3.99% $17,417
    Waterstone Mortgage Corporation 1 6.13% $13,630
    Wyndham Capital Mortgage, Inc. 1 5.00% $2,293

    The top Huntsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 233 VA loans originated. Their average total fees are $7,542, which is $4,255 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Huntsville VA lenders (with over 10 loans originated) are First Horizon Bank ($4,212), DSLD MORTGAGE, LLC ($4,306), LAKEVIEW LOAN SERVICING, LLC ($5,274), FirstTrust Home Loans, Inc. ($5,340) and First Federal Bank, A FSB ($5,407).

    The lowest rate Huntsville VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.33%), PENTAGON FEDERAL CREDIT UNION (3.41%), LAKEVIEW LOAN SERVICING, LLC (3.57%), VILLAGE CAPITAL MORTGAGE (3.70%) and CLEARPATH LENDING (3.77%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Huntsville (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 $238,339 (10.1%) $283,711 (8.9%) 0.88 2,205
    2018-02-01 $242,899 (11.5%) $289,755 (10.2%) 0.88 2,076
    2018-03-01 $246,700 (12.4%) $294,249 (10.3%) 0.87 2,064
    2018-04-01 $256,871 (16.8%) $307,046 (13.2%) 0.87 2,045
    2018-05-01 $255,139 (12.0%) $307,923 (11.2%) 0.85 2,051
    2018-06-01 $249,900 (8.9%) $304,004 (9.2%) 0.83 2,137
    2018-07-01 $252,500 (9.8%) $310,309 (10.9%) 0.84 2,121
    2018-08-01 $254,950 (12.5%) $308,938 (10.5%) 0.85 2,127
    2018-09-01 $259,900 (13.1%) $308,434 (9.1%) 0.87 2,117
    2018-10-01 $255,950 (11.3%) $305,787 (8.5%) 0.87 2,087
    2018-11-01 $254,925 (9.1%) $304,388 (6.6%) 0.86 2,038
    2018-12-01 $254,846 (10.8%) $303,854 (7.7%) 0.88 1,943
    2019-01-01 $253,668 (6.4%) $299,407 (5.5%) 0.88 1,782
    2019-02-01 $259,233 (6.7%) $306,001 (5.6%) 0.88 1,706
    2019-03-01 $264,471 (7.2%) $316,510 (7.6%) 0.86 1,638
    2019-04-01 $269,021 (4.7%) $324,829 (5.8%) 0.85 1,551
    2019-05-01 $272,889 (7.0%) $326,124 (5.9%) 0.85 1,559
    2019-06-01 $274,900 (10.0%) $331,244 (9.0%) 0.86 1,565
    2019-07-01 $275,000 (8.9%) $340,522 (9.7%) 0.86 1,532
    2019-08-01 $274,973 (7.9%) $338,409 (9.5%) 0.87 1,513
    2019-09-01 $274,932 (5.8%) $336,592 (9.1%) 0.88 1,475
    2019-10-01 $274,955 (7.4%) $334,085 (9.3%) 0.89 1,456
    2019-11-01 $277,390 (8.8%) $336,631 (10.6%) 0.91 1,357
    2019-12-01 $274,658 (7.8%) $337,912 (11.2%) 0.92 1,263
    2020-01-01 $279,950 (10.4%) $345,973 (15.6%) 0.94 1,180
    2020-02-01 $286,331 (10.5%) $352,393 (15.2%) 0.94 1,076
    2020-03-01 $289,925 (9.6%) $362,851 (14.6%) 0.91 1,033
    2020-04-01 $288,744 (7.3%) $357,102 (9.9%) 0.90 1,104
    2020-05-01 $289,900 (6.2%) $358,642 (10.0%) 0.88 1,261
    2020-06-01 $296,456 (7.8%) $362,206 (9.4%) 0.87 1,162
    2020-07-01 $296,250 (7.7%) $371,433 (9.1%) 0.86 1,109
    2020-08-01 $300,000 (9.1%) $373,491 (10.4%) 0.86 1,067
    2020-09-01 $299,900 (9.1%) $371,188 (10.3%) 0.86 1,029
    2020-10-01 $298,473 (8.6%) $367,364 (10.0%) 0.86 1,017
    2020-11-01 $299,450 (8.0%) $371,342 (10.3%) 0.88 980
    2020-12-01 $304,549 (10.9%) $375,056 (11.0%) 0.91 967
    2021-01-01 $323,700 (15.6%) $385,620 (11.5%) 0.97 834
    2021-02-01 $354,450 (23.8%) $411,622 (16.8%) 1.03 656
    2021-03-01 $356,399 (22.9%) $419,646 (15.7%) 1.01 575
    2021-04-01 $344,650 (19.4%) $414,158 (16.0%) 0.93 518
    2021-05-01 $349,000 (20.4%) $419,008 (16.8%) 0.93 499
    2021-06-01 $317,250 (7.0%) $402,492 (11.1%) 0.84 386
    2021-07-01 $324,075 (9.4%) $414,936 (11.7%) 0.86 457
    2021-08-01 $324,063 (8.0%) $417,919 (11.9%) 0.86 552
    2021-09-01 $342,600 (14.2%) $439,037 (18.3%) 0.91 537
    2021-10-01 $349,900 (17.2%) $446,125 (21.4%) 0.93 535
    2021-11-01 $354,582 (18.4%) $464,237 (25.0%) 0.95 511
    2021-12-01 $367,425 (20.7%) $483,188 (28.8%) 1.00 439
    2022-01-01 $374,697 (15.8%) $489,450 (26.9%) 1.01 358
    2022-02-01 $372,500 (5.1%) $487,584 (18.5%) 0.97 351
    2022-03-01 $414,189 (16.2%) $480,014 (14.4%) 1.04 499
    2022-04-01 $409,500 (18.8%) $478,511 (15.5%) 0.98 595
    2022-05-01 $399,975 (14.6%) $474,900 (13.3%) 0.91 800
    2022-06-01 $406,905 (28.3%) $475,892 (18.2%) 0.91 965
    2022-07-01 $395,176 (21.9%) $463,929 (11.8%) 0.89 1,217
    2022-08-01 $392,318 (21.1%) $470,309 (12.5%) 0.91 1,335
    2022-09-01 $395,450 (15.4%) $470,746 (7.2%) 0.92 1,427
    2022-10-01 $394,900 (12.9%) $469,265 (5.2%) 0.93 1,516
    2022-11-01 $396,200 (11.7%) $468,163 (0.9%) 0.95 1,610
    2022-12-01 $390,900 (6.4%) $463,947 (-4.0%) 0.97 1,565
    2023-01-01 $389,900 (4.1%) $459,989 (-6.0%) 0.97 1,515
    2023-02-01 $391,983 (5.2%) $462,777 (-5.1%) 0.95 1,445
    2023-03-01 $399,450 (-3.6%) $466,379 (-2.8%) 0.94 1,390
    2023-04-01 $412,900 (0.8%) $479,420 (0.2%) 0.96 1,364
    2023-05-01 $424,900 (6.2%) $483,281 (1.8%) 0.96 1,443
    Huntsville's median listing price for 2023-05-01 was $424,900, a difference of $24,925 (6.2%) versus the prior year and $12,000 versus the prior month.

    Huntsville's median listing price comes in at 96% of the national average.

    Huntsville's average listing price for 2023-05-01 was $483,281, a difference of $8,381 (1.8%) versus the prior year and $3,861 versus the prior month.

    For the 2023-05-01 period, Huntsville had 1,443 MLS listings, a difference of 79 listings (6%) versus the prior month and 643 listings (80%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Huntsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 89 days 2,452 sqft
    2018-02-01 89 days 2,474 sqft
    2018-03-01 71 days 2,500 sqft
    2018-04-01 65 days 2,546 sqft
    2018-05-01 59 days 2,536 sqft
    2018-06-01 58 days 2,500 sqft
    2018-07-01 61 days 2,515 sqft
    2018-08-01 65 days 2,508 sqft
    2018-09-01 72 days 2,540 sqft
    2018-10-01 77 days 2,521 sqft
    2018-11-01 81 days 2,515 sqft
    2018-12-01 86 days 2,507 sqft
    2019-01-01 92 days 2,493 sqft
    2019-02-01 84 days 2,500 sqft
    2019-03-01 70 days 2,530 sqft
    2019-04-01 52 days 2,545 sqft
    2019-05-01 46 days 2,528 sqft
    2019-06-01 46 days 2,550 sqft
    2019-07-01 51 days 2,583 sqft
    2019-08-01 51 days 2,563 sqft
    2019-09-01 52 days 2,536 sqft
    2019-10-01 51 days 2,524 sqft
    2019-11-01 57 days 2,516 sqft
    2019-12-01 66 days 2,500 sqft
    2020-01-01 72 days 2,500 sqft
    2020-02-01 59 days 2,500 sqft
    2020-03-01 39 days 2,509 sqft
    2020-04-01 39 days 2,493 sqft
    2020-05-01 37 days 2,499 sqft
    2020-06-01 43 days 2,503 sqft
    2020-07-01 45 days 2,500 sqft
    2020-08-01 43 days 2,501 sqft
    2020-09-01 39 days 2,418 sqft
    2020-10-01 40 days 2,401 sqft
    2020-11-01 42 days 2,394 sqft
    2020-12-01 46 days 2,396 sqft
    2021-01-01 50 days 2,448 sqft
    2021-02-01 48 days 2,512 sqft
    2021-03-01 33 days 2,405 sqft
    2021-04-01 25 days 2,423 sqft
    2021-05-01 17 days 2,367 sqft
    2021-06-01 8 days 2,344 sqft
    2021-07-01 9 days 2,304 sqft
    2021-08-01 14 days 2,335 sqft
    2021-09-01 18 days 2,388 sqft
    2021-10-01 18 days 2,377 sqft
    2021-11-01 18 days 2,387 sqft
    2021-12-01 27 days 2,424 sqft
    2022-01-01 30 days 2,454 sqft
    2022-02-01 12 days 2,403 sqft
    2022-03-01 10 days 2,464 sqft
    2022-04-01 14 days 2,452 sqft
    2022-05-01 19 days 2,381 sqft
    2022-06-01 22 days 2,373 sqft
    2022-07-01 29 days 2,358 sqft
    2022-08-01 33 days 2,355 sqft
    2022-09-01 40 days 2,348 sqft
    2022-10-01 42 days 2,358 sqft
    2022-11-01 50 days 2,380 sqft
    2022-12-01 59 days 2,369 sqft
    2023-01-01 67 days 2,353 sqft
    2023-02-01 65 days 2,361 sqft
    2023-03-01 57 days 2,366 sqft
    2023-04-01 52 days 2,376 sqft
    2023-05-01 48 days 2,406 sqft
    Huntsville's median listing age (time on market) for 2023-05-01 was 48 days. This is 157% longer than the same period one year ago.

    Huntsville's median square footage for active listings during the 2023-05-01 period was 2,406 sqft. One year prior, the average listing was 2,381 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.