Huntsville VA Loans
HUNTSVILLE, AL
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 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 185 lenders originated 5,429 VA loans during 2021. The total origination value was $1,650,415,000, with an average VA loan value of $304,000.
Huntsville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Huntsville
averaged
5.64%
for the week of 2022-05-20, compared to the national average (all VA variants) of
5.143% for the same period.
The average rate for the prior week (2022-05-13) was
5.55% and
one month ago for the week of 2022-04-15, the
average rate was 4.92%.
The average rate one year ago was 2.91%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.27%.
Huntsville VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huntsville level.
The top Huntsville VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
414 VA loans originated. Their average total fees are
$4,753, which is $2,439
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Huntsville VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,119), PENTAGON FEDERAL CREDIT UNION ($2,199), FREEDOM MORTGAGE CORPORATION ($2,314), InterContinental Capital Group, Inc ($2,553) and MUTUAL OF OMAHA MORTGAGE, INC. ($3,007).
The lowest rate Huntsville VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.29%), PENTAGON FEDERAL CREDIT UNION (2.31%), VILLAGE CAPITAL & INVESTMENT LLC (2.32%), NP, Inc. (2.33%) and BNC National Bank (2.34%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Huntsville (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 | $237,000 (10.2%) | $282,529 (9.0%) | 0.87 | 2,227 |
2018-02-01 | $241,204 (11.3%) | $288,409 (10.1%) | 0.87 | 2,090 |
2018-03-01 | $248,500 (13.5%) | $293,152 (10.3%) | 0.86 | 2,067 |
2018-04-01 | $256,450 (16.6%) | $305,811 (13.2%) | 0.86 | 2,051 |
2018-05-01 | $256,000 (12.6%) | $307,480 (11.2%) | 0.85 | 2,062 |
2018-06-01 | $249,900 (9.2%) | $303,334 (9.4%) | 0.83 | 2,147 |
2018-07-01 | $250,420 (8.9%) | $308,223 (10.5%) | 0.84 | 2,133 |
2018-08-01 | $254,400 (12.5%) | $308,065 (10.5%) | 0.85 | 2,130 |
2018-09-01 | $257,745 (12.1%) | $307,100 (9.1%) | 0.86 | 2,127 |
2018-10-01 | $254,896 (10.9%) | $305,434 (8.9%) | 0.85 | 2,089 |
2018-11-01 | $254,203 (10.5%) | $303,818 (7.1%) | 0.85 | 2,040 |
2018-12-01 | $254,687 (10.7%) | $303,318 (8.0%) | 0.87 | 1,951 |
2019-01-01 | $252,450 (6.5%) | $298,893 (5.8%) | 0.87 | 1,788 |
2019-02-01 | $257,818 (6.9%) | $305,667 (6.0%) | 0.86 | 1,710 |
2019-03-01 | $264,186 (6.3%) | $315,360 (7.6%) | 0.86 | 1,643 |
2019-04-01 | $268,231 (4.6%) | $322,962 (5.6%) | 0.84 | 1,554 |
2019-05-01 | $270,258 (5.6%) | $323,712 (5.3%) | 0.83 | 1,548 |
2019-06-01 | $273,900 (9.6%) | $328,818 (8.4%) | 0.84 | 1,563 |
2019-07-01 | $274,803 (9.7%) | $335,982 (9.0%) | 0.85 | 1,533 |
2019-08-01 | $274,832 (8.0%) | $335,247 (8.8%) | 0.86 | 1,468 |
2019-09-01 | $274,929 (6.7%) | $335,163 (9.1%) | 0.87 | 1,394 |
2019-10-01 | $274,944 (7.9%) | $331,611 (8.6%) | 0.88 | 1,440 |
2019-11-01 | $275,000 (8.2%) | $333,229 (9.7%) | 0.89 | 1,336 |
2019-12-01 | $274,118 (7.6%) | $335,056 (10.5%) | 0.91 | 1,250 |
2020-01-01 | $279,500 (10.7%) | $343,367 (14.9%) | 0.93 | 1,148 |
2020-02-01 | $284,900 (10.5%) | $348,742 (14.1%) | 0.92 | 1,053 |
2020-03-01 | $289,900 (9.7%) | $359,576 (14.0%) | 0.91 | 1,002 |
2020-04-01 | $287,810 (7.3%) | $353,874 (9.6%) | 0.90 | 1,086 |
2020-05-01 | $289,900 (7.3%) | $354,778 (9.6%) | 0.88 | 1,224 |
2020-06-01 | $295,450 (7.9%) | $360,109 (9.5%) | 0.86 | 1,118 |
2020-07-01 | $296,250 (7.8%) | $370,799 (10.4%) | 0.85 | 1,080 |
2020-08-01 | $300,000 (9.2%) | $374,088 (11.6%) | 0.86 | 1,050 |
2020-09-01 | $299,900 (9.1%) | $369,794 (10.3%) | 0.86 | 1,004 |
2020-10-01 | $297,400 (8.2%) | $365,832 (10.3%) | 0.85 | 996 |
2020-11-01 | $299,450 (8.9%) | $370,817 (11.3%) | 0.86 | 956 |
2020-12-01 | $304,033 (10.9%) | $374,343 (11.7%) | 0.89 | 952 |
2021-01-01 | $322,861 (15.5%) | $383,617 (11.7%) | 0.95 | 810 |
2021-02-01 | $350,565 (23.1%) | $408,964 (17.3%) | 1.01 | 642 |
2021-03-01 | $352,350 (21.5%) | $416,337 (15.8%) | 0.99 | 549 |
2021-04-01 | $337,450 (17.3%) | $414,751 (17.2%) | 0.91 | 494 |
2021-05-01 | $345,000 (19.0%) | $418,951 (18.1%) | 0.91 | 468 |
2021-06-01 | $316,477 (7.1%) | $400,786 (11.3%) | 0.82 | 355 |
2021-07-01 | $320,950 (8.3%) | $410,343 (10.7%) | 0.83 | 406 |
2021-08-01 | $324,125 (8.0%) | $417,167 (11.5%) | 0.85 | 523 |
2021-09-01 | $341,950 (14.0%) | $437,393 (18.3%) | 0.90 | 514 |
2021-10-01 | $345,000 (16.0%) | $441,879 (20.8%) | 0.91 | 525 |
2021-11-01 | $351,250 (17.3%) | $459,654 (24.0%) | 0.93 | 489 |
2021-12-01 | $362,900 (19.4%) | $477,200 (27.5%) | 0.97 | 441 |
2022-01-01 | $374,494 (16.0%) | $487,198 (27.0%) | 1.00 | 349 |
2022-02-01 | $369,950 (5.5%) | $482,212 (17.9%) | 0.94 | 348 |
2022-03-01 | $411,950 (16.9%) | $478,914 (15.0%) | 1.02 | 475 |
2022-04-01 | $400,000 (18.5%) | $474,698 (14.5%) | 0.94 | 567 |
Huntsville's median listing price comes in at 94% of the national average.
Huntsville's average listing price for 2022-04-01 was $474,698, a difference of $59,947 (14.5%) versus the prior year and $-4,216 versus the prior month.
For the 2022-04-01 period, Huntsville had 567 MLS listings, a difference of 92 listings (19%) versus the prior month and 73 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Huntsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 96 days | 2,433 sqft |
2018-02-01 | 96 days | 2,464 sqft |
2018-03-01 | 81 days | 2,497 sqft |
2018-04-01 | 72 days | 2,544 sqft |
2018-05-01 | 66 days | 2,536 sqft |
2018-06-01 | 64 days | 2,500 sqft |
2018-07-01 | 66 days | 2,503 sqft |
2018-08-01 | 72 days | 2,506 sqft |
2018-09-01 | 79 days | 2,533 sqft |
2018-10-01 | 85 days | 2,518 sqft |
2018-11-01 | 90 days | 2,506 sqft |
2018-12-01 | 95 days | 2,505 sqft |
2019-01-01 | 105 days | 2,485 sqft |
2019-02-01 | 99 days | 2,490 sqft |
2019-03-01 | 101 days | 2,521 sqft |
2019-04-01 | 61 days | 2,540 sqft |
2019-05-01 | 53 days | 2,529 sqft |
2019-06-01 | 51 days | 2,543 sqft |
2019-07-01 | 57 days | 2,577 sqft |
2019-08-01 | 60 days | 2,557 sqft |
2019-09-01 | 59 days | 2,533 sqft |
2019-10-01 | 58 days | 2,524 sqft |
2019-11-01 | 63 days | 2,513 sqft |
2019-12-01 | 71 days | 2,500 sqft |
2020-01-01 | 79 days | 2,504 sqft |
2020-02-01 | 70 days | 2,488 sqft |
2020-03-01 | 48 days | 2,509 sqft |
2020-04-01 | 43 days | 2,490 sqft |
2020-05-01 | 42 days | 2,497 sqft |
2020-06-01 | 45 days | 2,500 sqft |
2020-07-01 | 52 days | 2,500 sqft |
2020-08-01 | 49 days | 2,503 sqft |
2020-09-01 | 45 days | 2,432 sqft |
2020-10-01 | 45 days | 2,400 sqft |
2020-11-01 | 46 days | 2,420 sqft |
2020-12-01 | 51 days | 2,395 sqft |
2021-01-01 | 55 days | 2,407 sqft |
2021-02-01 | 58 days | 2,517 sqft |
2021-03-01 | 42 days | 2,413 sqft |
2021-04-01 | 33 days | 2,414 sqft |
2021-05-01 | 22 days | 2,390 sqft |
2021-06-01 | 11 days | 2,320 sqft |
2021-07-01 | 12 days | 2,325 sqft |
2021-08-01 | 16 days | 2,339 sqft |
2021-09-01 | 22 days | 2,379 sqft |
2021-10-01 | 22 days | 2,349 sqft |
2021-11-01 | 21 days | 2,381 sqft |
2021-12-01 | 30 days | 2,401 sqft |
2022-01-01 | 34 days | 2,460 sqft |
2022-02-01 | 15 days | 2,400 sqft |
2022-03-01 | 12 days | 2,464 sqft |
2022-04-01 | 16 days | 2,458 sqft |
Huntsville's median square footage for active listings during the 2022-04-01 period was 2,458 sqft. One year prior, the average listing was 2,414 sqft.