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%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huntsville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 414 2.46% $4,753
FREEDOM MORTGAGE CORPORATION 340 2.46% $2,314
Mortgage Research Center, LLC 301 2.84% $6,519
LOANDEPOT.COM, LLC 227 2.63% $6,185
FirstBank 196 2.71% $6,218
PENNYMAC LOAN SERVICES, LLC 187 2.45% $5,361
USAA Federal Savings Bank 153 2.85% $4,625
NAVY FEDERAL CREDIT UNION 140 2.44% $5,055
HOME POINT FINANCIAL CORPORATION 133 2.48% $5,870
UNITED WHOLESALE MORTGAGE, LLC 133 2.49% $5,697
NEW DAY FINANCIAL, LLC 132 2.84% $7,474
DHI MORTGAGE COMPANY, LTD. 88 2.64% $6,304
CALIBER HOME LOANS, INC. 81 2.57% $3,546
VILLAGE CAPITAL & INVESTMENT LLC 77 2.32% $3,332
VANDERBILT MORTGAGE AND FINANCE, INC. 76 2.83% $6,337
LAKEVIEW LOAN SERVICING, LLC 72 2.43% $2,119
TJC Mortgage, Inc. 68 2.69% $6,494
Wells Fargo Bank 67 2.51% $4,990
Hometown Lenders, Inc. 67 2.79% $6,313
Progress Bank and Trust 62 2.41% $7,627
South State Bank 58 2.58% $7,842
CLEARPATH LENDING 56 2.29% $3,782
The Federal Savings Bank 56 2.50% $7,058
CERTAINTY HOME LOANS, LLC 55 2.83% $7,343
MOVEMENT MORTGAGE, LLC 55 2.85% $5,429
Mr. Cooper ( Nationstar Mortgage ) 54 2.85% $4,392
PENTAGON FEDERAL CREDIT UNION 53 2.31% $2,199
Trustmark National Bank 52 2.51% $6,599
AVADIAN 42 2.67% $7,374
First Guaranty Mortgage Corporation 41 2.54% $3,900
First Horizon Bank 39 2.57% $5,522
GMFS LLC 35 2.60% $4,694
PLANET HOME LENDING, LLC 28 2.68% $4,045
FIRST COMMUNITY MORTGAGE, INC. 28 2.77% $7,049
Bank of England 26 2.85% $8,670
Assurance Financial Group, L.L.C. 26 2.66% $8,378
Regions Bank 26 2.85% $7,977
Carrington Mortgage Services, LLC 25 3.31% $4,340
NEWREZ LLC 24 2.84% $5,735
INTERLINC MORTGAGE SERVICES, LLC 24 3.03% $8,760
AMERISAVE MORTGAGE CORPORATION 23 2.66% $9,710
BancorpSouth Bank 23 2.82% $6,787
BROKER SOLUTIONS, INC. 23 2.60% $5,776
Barrington Bank & Trust Company, N.A. 23 2.67% $4,977
First Federal Bank, A FSB 22 2.85% $6,379
Hamilton Mortgage Corporation 21 2.75% $4,486
DSLD MORTGAGE, LLC 20 2.67% $4,512
Total Media Management, LLC 19 2.63% $6,664
FINANCE OF AMERICA MORTGAGE LLC 18 2.67% $8,485
Low VA Rates, LLC 18 2.45% $5,081
Flagstar Bank, FSB 18 2.69% $6,351
ACCELERATE MORTGAGE, LLC 17 2.47% $6,861
REDSTONE Federal Credit Union 17 3.15% $4,443
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 2.72% $6,901
NBKC BANK 17 2.51% $3,642
First Federal Bank 16 3.18% $8,335
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 2.76% $7,625
Mid-Continent Funding, Inc. 14 2.68% $7,530
NP, Inc. 14 2.33% $3,373
Florida Capital Bank 13 2.80% $9,768
FirstTrust Home Loans, Inc. 13 2.55% $8,011
AMERICAN FINANCIAL NETWORK, INC. 12 2.54% $9,600
Magnolia Bank 12 2.70% $7,821
InterContinental Capital Group, Inc 11 2.36% $2,553
Renasant Bank 11 2.98% $4,894
BNC National Bank 11 2.34% $3,052
MUTUAL OF OMAHA MORTGAGE, INC. 11 2.44% $3,007
Bank Independent 10 2.47% $5,155
SOUTHWEST FUNDING, LP 10 3.06% $6,846
Synovus Bank 10 2.71% $7,745
CROSSCOUNTRY MORTGAGE, LLC 10 2.84% $9,005
SOVEREIGN LENDING GROUP INCORPORATED 9 2.25% $7,949
Alcova Mortgage LLC 9 2.79% $4,978
KELLER MORTGAGE, LLC 9 2.61% $4,419
Truist Bank 9 2.79% $7,346
KS StateBank 9 2.61% $4,171
U.S. Bank 9 2.53% $1,811
Wyndham Capital Mortgage, Inc. 8 2.52% $3,066
ACOPIA, LLC 8 2.92% $5,822
Cadence Bank, N.A. 8 2.44% $8,549
RELIANCE FIRST CAPITAL, LLC 8 2.55% $10,147
CB&S Bank, Inc. 7 2.46% $6,497
GUARANTEED RATE AFFINITY, LLC 7 2.25% $2,184
North American Savings Bank, F.S.B. 7 2.32% $3,720
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 2.54% $4,812
First Option Mortgage, LLC 6 3.48% $5,459
PREMIA MORTGAGE, LLC 6 2.42% $14,813
MID AMERICA MORTGAGE, INC. 5 2.50% $2,019
GUARANTEED RATE, INC. 5 2.45% $3,270
SouthPoint Bank 5 2.78% $6,771
Citizens Bank 5 2.63% $4,775
ZILLOW HOME LOANS, LLC 4 2.88% $4,496
AMERICAN PACIFIC MORTGAGE CORPORATION 4 3.06% $12,717
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.66% $9,298
CMG MORTGAGE, INC. 4 2.75% $5,213
COMMUNITY MORTGAGE CORPORATION 4 2.75% $9,017
CONTOUR MORTGAGE CORPORATION 4 2.69% $8,498
DELMAR FINANCIAL COMPANY 4 2.59% $7,123
EMBRACE HOME LOANS, INC. 4 2.25% $2,029
FBC MORTGAGE, LLC 4 3.25% $3,390
GENEVA FINANCIAL, LLC 4 3.38% $4,734
HOMESIDE FINANCIAL, LLC 4 2.75% $4,612
Nations Lending Corporation 4 2.63% $7,716
NFM, INC. 4 3.31% $7,043
Paramount Residential Mortgage Group, Inc. 4 3.06% $4,587
SUMMIT FUNDING, INC. 4 3.31% $9,586
Sunflower Bank 4 3.06% $4,104
UNION HOME MORTGAGE CORP. 4 2.50% $4,146
Equity Prime Mortgage LLC 3 3.29% $5,633
Ixonia Bank 3 2.71% $2,290
Gateway First Bank 3 2.75% $5,981
AmeriHome Mortgage Company, LLC 3 2.79% $2,354
SUN WEST MORTGAGE COMPANY, INC. 3 2.63% $4,132
MORTGAGE INVESTORS GROUP, INC. 3 2.92% $7,776
Northpointe Bank 3 2.83% $9,987
SWBC MORTGAGE CORPORATION 3 2.92% $3,519
Meridian Bank Corporation 3 2.42% $6,252
HOMESTEAD FUNDING CORP. 3 2.33% $1,957
Capital Bank 3 2.25% $2,560
First Savings Bank 2 2.69% $6,539
UNITED SECURITY FINANCIAL CORP 2 1.75% $5,793
Ameris Bank 2 2.94% $9,053
Amerifirst Financial, Inc. 2 2.31% $7,210
SIRVA MORTGAGE, INC. 2 2.88% $3,420
Prime Choice Funding Inc. 2 2.25% $1,000
ISERVE RESIDENTIAL LENDING, LLC 2 3.75% $9,957
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.63% $9,257
Prosperity Home Mortgage, LLC 2 2.31% $2,857
HOMESTAR FINANCIAL CORPORATION 2 2.44% $1,768
Goldwater Bank, N.A. 2 3.13% $8,360
BAYSHORE MORTGAGE FUNDING, LLC 2 3.13% $3,199
The Central Trust Bank 2 2.44% $12,874
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.00% $1,828
GUILD MORTGAGE COMPANY 2 2.88% $5,038
Armed Forces Bank 2 2.94% $2,893
BELEM SERVICING LLC 2 2.75% $9,060
RESOURCE FINANCIAL SERVICES, INC. 2 2.75% $1,910
CityWorth Mortgage LLC 1 3.75% $5,745
CHERRY CREEK MORTGAGE, LLC 1 2.25% $670
STANDARD MORTGAGE CORPORATION 1 2.38% $14,254
Strong Home Mortgage, LLC 1 2.88% $1,046
West Town Bank & Trust 1 2.88% $21,500
AMCAP MORTGAGE, LTD. 1 2.25% $2,284
Texana Bank 1 2.25% $4,616
BAY EQUITY LLC 1 2.99% $14,070
The First National Bank of Middle Tennessee 1 3.63% $5,966
Austin Capital Bank SSB 1 4.13% $4,916
ANGEL OAK HOME LOANS LLC 1 3.25% $2,127
Tyndall Federal Credit Union 1 2.25% $2,786
ALLIED MORTGAGE GROUP, INC. 1 2.50% $2,411
A Mortgage Boutique, LLC 1 2.63% $8,209
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.38% $9,373
LENDUS, LLC 1 2.25% $35,723
MCLEAN MORTGAGE CORPORATION 1 2.25% $5,511
LENDING 3, INC. 1 3.75% $11,467
MORTGAGE ACCESS CORP. 1 2.75% $21,008
LEADERONE FINANCIAL CORPORATION 1 3.25% $2,332
KEESLER 1 3.00% $3,281
INTERCAP LENDING INC. 1 2.25% $4,128
VAN DYK MORTGAGE CORPORATION 1 2.75% $7,195
Hometown Equity Mortgage, LLC 1 2.63% $2,410
NBH Bank 1 2.75% $3,749
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.13% $11,461
AMERIFIRST FINANCIAL CORPORATION 1 3.25% $4,574
GSF Mortgage Corporation 1 2.25% $1,794
PANORAMA MORTGAGE GROUP, LLC 1 2.25% $2,752
Paramount Bank 1 2.25% $4,082
AMERICAN HOME LENDING USA, LLC 1 2.25% $0
PHH Mortgage Corporation 1 3.00% $1,959
Pinnacle Bank 1 2.25% $2,452
F&M Bank 1 2.25% $4,028
PNC Bank 1 2.63% $1,807
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.00% $18,732
First Home Bank 1 2.25% $1,332
First Federal Bank of Kansas City 1 2.25% $635
Financial Federal Bank 1 2.50% $7,980
ENVOY MORTGAGE, LTD 1 3.13% $2,956
Congressional Bank 1 2.75% $2,450
Reliant Bank 1 2.50% $10,728
Colten Mortgage, LLC 1 3.13% $3,317
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.38% $16,764
ROYAL UNITED MORTGAGE LLC 1 2.75% $12,009
Service Federal Credit Union 1 2.88% $2,475
Sierra Pacific Mortgage Company, Inc. 1 2.38% $3
SmartBank 1 2.50% $10,561

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. Louis
Date 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 for 2022-04-01 was $400,000, a difference of $62,550 (18.5%) versus the prior year and $-11,950 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 16 days. This is -51% shorter than the same period one year ago.

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.

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.