Jasper VA Loan Rates, Closing Costs & Stats

Jasper, 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.

    Jasper's 32 lenders originated 78 VA loans during 2024. The total origination value was $20,650,000, with an average VA loan value of $264,744.

    Jasper VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jasper averaged 6.45% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Jasper's average VA mortgage closing costs are $5,010.

    The average rate for the prior week (2025-03-28) was 6.57% and one month ago for the week of 2025-02-28, the average rate was 6.44%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.96%.

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

    Jasper 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 Jasper level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.41% $3,837
    Synovus Bank 6 6.29% $7,399
    FREEDOM MORTGAGE CORPORATION 6 5.92% $11,655
    UNITED WHOLESALE MORTGAGE, LLC 4 6.10% $3,728
    BROKER SOLUTIONS, INC. 3 6.33% $8,953
    STOCKTON MORTGAGE CORPORATION 3 2.08% $11,185
    Barrington Bank & Trust Company, N.A. 2 7.00% $5,024
    LOANDEPOT.COM, LLC 2 7.50% $4,327
    Prosperity Home Mortgage, LLC 2 6.25% $2,027
    QUICKEN LOANS, LLC 2 6.00% $9,661
    Renasant Bank 2 6.00% $7,164
    GUILD MORTGAGE COMPANY 2 6.44% $2,393
    USAA Federal Savings Bank 2 6.38% $3,439
    Paramount Residential Mortgage Group, Inc. 1 5.63% $12,708
    PLANET HOME LENDING, LLC 1 5.99% $2,304
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.13% $9,598
    UNION HOME MORTGAGE CORP. 1 7.00% $5,798
    VILLAGE CAPITAL MORTGAGE 1 5.49% $7,814
    Ameris Bank 1 6.25% $11,622
    Wells Fargo Bank 1 5.75% $2,224
    Carrington Mortgage Services, LLC 1 6.63% $3,308
    CLEARPATH LENDING 1 7.00% $10,723
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $8,195
    First Federal Bank, A FSB 1 6.25% $5,844
    Flagstar Bank, FSB 1 6.99% $9,789
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $1,532
    Listerhill Credit Union 1 6.13% $9,948
    MORTGAGE INVESTORS GROUP, INC. 1 6.13% $6,105
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
    NAVY FEDERAL CREDIT UNION 1 6.50% $600
    NEW DAY FINANCIAL, LLC 1 7.99% $12,866
    NEWREZ LLC 1 5.25% $7,068

    The top Jasper VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $3,837, which is $3,563 lower than the next largest lender, Synovus Bank.

    The lowest fee Jasper VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,837), .

    The lowest rate Jasper VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.41%), .

    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.