Huntsville VA Loans

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 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.