Huntsville VA Loan Rates, Closing Costs & Stats

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 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 139 lenders originated 2,125 VA loans during 2023. The total origination value was $807,865,000, with an average VA loan value of $380,172.

Huntsville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Huntsville averaged 6% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Huntsville's average VA mortgage closing costs are $5,941.

The average rate for the prior week (2024-07-12) was 6.44% and one month ago for the week of 2024-06-14, the average rate was 6.4%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.88%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 179 6.67% $6,239
UNITED WHOLESALE MORTGAGE, LLC 164 6.19% $7,656
FirstBank 100 6.07% $7,676
EAGLE HOME MORTGAGE, LLC 94 5.07% $4,114
DHI MORTGAGE COMPANY, LTD. 94 5.43% $4,855
QUICKEN LOANS, LLC 88 6.07% $11,625
NAVY FEDERAL CREDIT UNION 80 5.77% $5,249
USAA Federal Savings Bank 55 6.20% $8,027
FREEDOM MORTGAGE CORPORATION 54 6.58% $17,381
LOANDEPOT.COM, LLC 52 6.32% $14,048
GMFS LLC 50 6.19% $8,034
VANDERBILT MORTGAGE AND FINANCE, INC. 46 6.13% $6,047
MOVEMENT MORTGAGE, LLC 41 6.18% $6,995
Trustmark National Bank 41 6.09% $6,752
GUARANTEED RATE, INC. 38 6.18% $8,619
DSLD MORTGAGE, LLC 35 5.92% $4,837
PENNYMAC LOAN SERVICES, LLC 33 5.40% $7,526
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 6.32% $8,914
FIRST COMMUNITY MORTGAGE, INC. 28 6.38% $10,878
REDSTONE Federal Credit Union 28 6.42% $6,315
NEW DAY FINANCIAL, LLC 27 7.38% $12,871
AMERICAN PORTFOLIO MORTGAGE CORPORATION 26 6.13% $8,925
South State Bank 26 5.87% $12,491
The Federal Savings Bank 20 6.54% $17,153
PENTAGON FEDERAL CREDIT UNION 20 5.71% $7,299
Wells Fargo Bank 19 5.97% $6,201
TJC Mortgage, Inc. 18 6.10% $11,121
Flagstar Bank, FSB 17 6.00% $4,694
Mr. Cooper ( Nationstar Mortgage ) 17 5.90% $16,265
Renasant Bank 15 6.09% $8,200
United Community Bank 14 5.56% $9,009
BROKER SOLUTIONS, INC. 14 6.15% $8,963
CARDINAL FINANCIAL 14 6.58% $15,215
Victorian Finance, LLC 13 6.13% $15,404
STOCKTON MORTGAGE CORPORATION 13 6.51% $11,454
CB&S Bank, Inc. 13 6.11% $11,045
PLANET HOME LENDING, LLC 13 6.09% $12,392
MORTGAGE SOLUTIONS OF COLORADO, LLC 12 7.30% $5,986
Regions Bank 12 5.99% $8,417
NEWREZ LLC 12 5.95% $13,988
AVADIAN 11 6.15% $11,565
Synovus Bank 11 5.85% $9,850
CROSSCOUNTRY MORTGAGE, LLC 11 6.66% $10,081
GUILD MORTGAGE COMPANY 9 6.89% $15,978
NBKC BANK 9 5.78% $9,799
Armed Forces Bank 8 5.83% $8,191
Assurance Financial Group, L.L.C. 8 6.28% $8,837
CMG MORTGAGE, INC. 8 6.39% $7,529
FirstTrust Home Loans, Inc. 8 6.25% $4,153
GUARANTEED RATE AFFINITY, LLC 8 5.94% $3,410
FIRST COLONY MORTGAGE CORPORATION 7 6.79% $10,467
AMERISAVE MORTGAGE CORPORATION 7 6.09% $20,242
Bank of England 7 5.88% $8,759
Plains Commerce Bank 6 6.13% $11,487
Century Mortgage Company DBA Century Lending Company 6 6.33% $8,269
LAKEVIEW LOAN SERVICING, LLC 6 5.94% $10,147
CANOPY MORTGAGE, LLC 6 6.56% $24,099
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.77% $15,681
VILLAGE CAPITAL MORTGAGE 6 5.83% $12,146
Magnolia Bank 6 6.52% $19,085
UNION HOME MORTGAGE CORP. 5 6.13% $15,451
Barrington Bank & Trust Company, N.A. 5 6.45% $5,654
BancorpSouth 5 6.08% $10,909
MILEND, INC. 5 6.78% $16,478
First Federal Bank 4 6.50% $3,696
FBC MORTGAGE, LLC 4 5.31% $9,742
HOMESIDE FINANCIAL, LLC 4 6.69% $19,144
HOMESTAR FINANCIAL CORPORATION 4 6.22% $8,228
Prosperity Home Mortgage, LLC 3 5.71% $5,285
Bank Independent 3 6.29% $9,047
Equity Prime Mortgage LLC 3 7.83% $8,087
First Federal Bank, A FSB 3 5.92% $6,128
Hamilton Mortgage Corporation 3 6.71% $9,459
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.50% $9,274
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 5.49% $16,626
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.50% $8,661
Paramount Residential Mortgage Group, Inc. 3 6.42% $20,720
RELIANCE FIRST CAPITAL, LLC 3 6.58% $16,184
SouthPoint Bank 3 6.54% $12,387
SUN WEST MORTGAGE COMPANY, INC. 3 6.78% $9,698
Truist 3 6.33% $4,974
CHURCHILL MORTGAGE CORPORATION 2 6.25% $7,668
JPMorgan Chase Bank 2 6.38% $9,091
PREMIA MORTGAGE, LLC 2 6.19% $7,837
TOWNE MORTGAGE COMPANY 2 5.75% $10,905
ON Q FINANCIAL, INC. 2 6.44% $5,865
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.25% $13,559
Carrington Mortgage Services, LLC 2 5.69% $10,424
BNC National Bank 2 5.44% $3,675
Pinnacle Bank 2 5.75% $10,712
EMM LOANS LLC 2 5.94% $6,703
U.S. Bank 2 6.44% $11,123
AMERICAN FINANCING CORPORATION 2 6.63% $12,233
PLAZA HOME MORTGAGE, INC. 2 6.81% $7,307
Cornerstone First Mortgage, Inc 2 6.31% $5,908
AMERICAN FINANCIAL NETWORK, INC. 2 6.25% $21,831
Citizens Bank 2 6.25% $14,898
LOANPAL, LLC 2 6.56% $7,404
PNC Bank 2 6.19% $1,916
COMMUNITY MORTGAGE CORPORATION 1 6.63% $14,604
ROSS MORTGAGE CORPORATION 1 8.25% $12,014
ROYAL UNITED MORTGAGE LLC 1 7.25% $14,598
S1L, Inc. 1 6.25% $11,400
SeaTrust Mortgage Company 1 6.63% $7,477
Waterstone Mortgage Corporation 1 5.38% $4,822
Community Bank of Mississippi 1 7.25% $14,580
SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $22,336
M&T Bank 1 7.13% $4,874
The Central Trust Bank 1 5.25% $4,894
CERTAINTY HOME LOANS, LLC 1 5.75% $5,156
TOP FLITE FINANCIAL, INC. 1 6.75% $10,744
Wolfe Financial, Inc 1 6.88% $8,558
CBM Mortgage, Inc. 1 6.75% $3,077
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $4,154
Arvest Bank 1 6.50% $11,198
Ameris Bank 1 6.25% $3,321
MORTGAGE ACCESS CORP. 1 6.75% $3,242
MORTGAGE INVESTORS GROUP, INC. 1 6.50% $6,041
MLB RESIDENTIAL LENDING, LLC 1 7.75% $6,553
Mid-Continent Funding, Inc. 1 6.75% $3,878
LOANFLIGHT LENDING, LLC 1 6.00% $16,305
City Bank 1 5.13% $17,321
Nations Lending Corporation 1 7.25% $12,342
KELLER MORTGAGE, LLC 1 5.63% $11,103
ISERVE RESIDENTIAL LENDING, LLC 1 7.25% $18,190
First National Bank Texas 1 5.63% $400
North American Savings Bank, F.S.B. 1 5.50% $2,858
Northpointe Bank 1 6.63% $3,868
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $8,112
First Horizon Bank 1 6.63% $6,225
First Federal Bank of Kansas City 1 6.13% $11,145
EMBRACE HOME LOANS, INC. 1 6.99% $12,725
POLARIS HOME FUNDING CORP. 1 6.00% $12,293
Presidential Bank, FSB 1 6.75% $63
Princeton Mortgage Corporation 1 7.25% $14,308
Alcova Mortgage LLC 1 6.00% $9,847
DAS Acquisition Company, LLC 1 6.13% $605
CORNERSTONE HOME LENDING, INC. 1 6.25% $9,568
V.I.P. MORTGAGE, INC. 1 5.75% $2,077

The top Huntsville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 179 VA loans originated. Their average total fees are $6,239, which is $1,418 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Huntsville VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($4,114), Flagstar Bank, FSB ($4,694), DSLD MORTGAGE, LLC ($4,837), DHI MORTGAGE COMPANY, LTD. ($4,855) and NAVY FEDERAL CREDIT UNION ($5,249).

The lowest rate Huntsville VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.07%), PENNYMAC LOAN SERVICES, LLC (5.40%), DHI MORTGAGE COMPANY, LTD. (5.43%), United Community Bank (5.56%) and PENTAGON FEDERAL CREDIT UNION (5.71%).


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%) $338,308 (9.5%) 0.87 1,513
2019-09-01 $274,932 (5.8%) $336,341 (9.1%) 0.88 1,477
2019-10-01 $274,955 (7.4%) $333,720 (9.1%) 0.89 1,459
2019-11-01 $276,910 (8.6%) $336,407 (10.5%) 0.91 1,359
2019-12-01 $274,612 (7.8%) $337,668 (11.1%) 0.92 1,265
2020-01-01 $279,948 (10.4%) $345,806 (15.5%) 0.94 1,181
2020-02-01 $285,000 (9.9%) $352,208 (15.1%) 0.93 1,077
2020-03-01 $289,900 (9.6%) $362,655 (14.6%) 0.91 1,034
2020-04-01 $288,573 (7.3%) $356,918 (9.9%) 0.90 1,105
2020-05-01 $289,950 (6.3%) $358,728 (10.0%) 0.88 1,260
2020-06-01 $296,711 (7.9%) $362,301 (9.4%) 0.87 1,161
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 (10.4%) 0.86 1,029
2020-10-01 $298,473 (8.6%) $367,364 (10.1%) 0.86 1,017
2020-11-01 $299,450 (8.1%) $371,342 (10.4%) 0.88 980
2020-12-01 $304,549 (10.9%) $375,056 (11.1%) 0.91 967
2021-01-01 $323,700 (15.6%) $385,620 (11.5%) 0.97 834
2021-02-01 $354,450 (24.4%) $411,622 (16.9%) 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 (6.9%) $402,492 (11.1%) 0.84 386
2021-07-01 $324,075 (9.4%) $414,936 (11.7%) 0.86 457
2021-08-01 $324,125 (8.0%) $418,106 (12.0%) 0.86 551
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%) $464,088 (25.0%) 0.95 511
2021-12-01 $367,400 (20.6%) $483,000 (28.8%) 1.00 440
2022-01-01 $374,494 (15.7%) $489,006 (26.8%) 1.01 358
2022-02-01 $372,499 (5.1%) $487,141 (18.4%) 0.97 351
2022-03-01 $413,297 (16.0%) $479,802 (14.3%) 1.03 499
2022-04-01 $404,950 (17.5%) $478,158 (15.5%) 0.97 592
2022-05-01 $399,900 (14.6%) $475,164 (13.4%) 0.91 792
2022-06-01 $406,221 (28.0%) $476,310 (18.3%) 0.90 955
2022-07-01 $395,000 (21.9%) $464,109 (11.9%) 0.89 1,209
2022-08-01 $391,958 (20.9%) $469,999 (12.4%) 0.91 1,339
2022-09-01 $394,950 (15.3%) $470,435 (7.2%) 0.92 1,433
2022-10-01 $394,900 (12.9%) $469,185 (5.2%) 0.93 1,520
2022-11-01 $395,900 (11.7%) $467,972 (0.8%) 0.95 1,609
2022-12-01 $390,073 (6.2%) $463,518 (-4.0%) 0.96 1,570
2023-01-01 $389,450 (4.0%) $459,969 (-5.9%) 0.96 1,519
2023-02-01 $391,293 (5.1%) $462,716 (-5.0%) 0.94 1,447
2023-03-01 $399,450 (-3.4%) $466,379 (-2.8%) 0.94 1,391
2023-04-01 $412,900 (2.0%) $479,420 (0.3%) 0.96 1,364
2023-05-01 $424,900 (6.3%) $483,081 (1.7%) 0.96 1,444
2023-06-01 $424,950 (4.6%) $485,381 (1.9%) 0.95 1,513
2023-07-01 $406,890 (3.0%) $483,018 (4.1%) 0.92 1,600
2023-08-01 $399,900 (2.0%) $481,084 (2.4%) 0.92 1,633
2023-09-01 $390,000 (-1.3%) $469,893 (-0.1%) 0.91 1,705
2023-10-01 $376,950 (-4.6%) $458,168 (-2.4%) 0.89 1,853
2023-11-01 $370,108 (-6.5%) $449,017 (-4.1%) 0.88 1,911
2023-12-01 $365,000 (-6.4%) $445,725 (-3.8%) 0.89 1,885
2024-01-01 $367,450 (-5.7%) $452,841 (-1.6%) 0.90 1,717
2024-02-01 $371,450 (-5.1%) $452,913 (-2.1%) 0.89 1,692
2024-03-01 $378,900 (-5.1%) $455,442 (-2.3%) 0.89 1,697
2024-04-01 $379,900 (-8.0%) $455,401 (-5.0%) 0.88 1,790
2024-05-01 $388,539 (-8.6%) $462,874 (-4.2%) 0.88 1,971
2024-06-01 $385,700 (-9.2%) $464,754 (-4.3%) 0.87 2,063
Huntsville's median listing price for 2024-06-01 was $385,700, a difference of $-39,250 (-9.2%) versus the prior year and $-2,839 versus the prior month.

Huntsville's median listing price comes in at 87% of the national average.

Huntsville's average listing price for 2024-06-01 was $464,754, a difference of $-20,627 (-4.3%) versus the prior year and $1,880 versus the prior month.

For the 2024-06-01 period, Huntsville had 2,063 MLS listings, a difference of 92 listings (5%) versus the prior month and 550 listings (36%) 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 2,562 sqft
2019-09-01 52 days 2,535 sqft
2019-10-01 51 days 2,520 sqft
2019-11-01 57 days 2,515 sqft
2019-12-01 66 days 2,500 sqft
2020-01-01 73 days 2,500 sqft
2020-02-01 59 days 2,500 sqft
2020-03-01 39 days 2,508 sqft
2020-04-01 39 days 2,491 sqft
2020-05-01 37 days 2,500 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 2,337 sqft
2021-09-01 18 days 2,388 sqft
2021-10-01 18 days 2,377 sqft
2021-11-01 18 days 2,385 sqft
2021-12-01 27 days 2,424 sqft
2022-01-01 30 days 2,448 sqft
2022-02-01 12 days 2,399 sqft
2022-03-01 10 days 2,458 sqft
2022-04-01 14 days 2,449 sqft
2022-05-01 19 days 2,374 sqft
2022-06-01 21 days 2,373 sqft
2022-07-01 29 days 2,352 sqft
2022-08-01 33 days 2,354 sqft
2022-09-01 40 days 2,346 sqft
2022-10-01 42 days 2,357 sqft
2022-11-01 50 days 2,379 sqft
2022-12-01 59 days 2,368 sqft
2023-01-01 67 days 2,352 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
2023-06-01 50 days 2,432 sqft
2023-07-01 50 days 2,383 sqft
2023-08-01 51 days 2,375 sqft
2023-09-01 53 days 2,351 sqft
2023-10-01 52 days 2,285 sqft
2023-11-01 57 days 2,236 sqft
2023-12-01 68 days 2,211 sqft
2024-01-01 77 days 2,215 sqft
2024-02-01 70 days 2,235 sqft
2024-03-01 51 days 2,265 sqft
2024-04-01 48 days 2,272 sqft
2024-05-01 45 days 2,304 sqft
2024-06-01 51 days 2,296 sqft
Huntsville's median listing age (time on market) for 2024-06-01 was 51 days. This is 2% longer than the same period one year ago.

Huntsville's median square footage for active listings during the 2024-06-01 period was 2,296 sqft. One year prior, the average listing was 2,432 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.