Jefferson VA Loan Rates, Closing Costs & Stats

Jefferson, GA

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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.

    Jefferson's 51 lenders originated 181 VA loans during 2023. The total origination value was $75,435,000, with an average VA loan value of $416,768.

    Jefferson VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Jefferson averaged 6.78% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Jefferson's average VA mortgage closing costs are $6,579.

    The average rate for the prior week (2024-04-12) was 6.81% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Jefferson 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 Jefferson level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 17 6.73% $8,863
    QUICKEN LOANS, LLC 13 6.17% $15,559
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.45% $8,107
    UNITED WHOLESALE MORTGAGE, LLC 10 6.28% $10,092
    NAVY FEDERAL CREDIT UNION 7 5.89% $5,483
    HOMEOWNERS FINANCIAL GROUP USA, LLC 7 6.23% $10,783
    DHI MORTGAGE COMPANY, LTD. 7 5.39% $3,561
    BROKER SOLUTIONS, INC. 6 5.91% $13,192
    FREEDOM MORTGAGE CORPORATION 6 6.58% $17,402
    HOMESTAR FINANCIAL CORPORATION 5 6.50% $10,511
    BANKSOUTH MORTGAGE COMPANY, LLC 5 6.23% $12,664
    USAA Federal Savings Bank 5 6.05% $12,579
    VICTORY MORTGAGE, L.L.C. 5 6.20% $7,790
    LOANDEPOT.COM, LLC 5 5.55% $10,720
    Ameris Bank 5 6.23% $9,902
    PENNYMAC LOAN SERVICES, LLC 4 5.50% $5,185
    MOVEMENT MORTGAGE, LLC 4 6.09% $16,703
    NVR Mortgage Finance, Inc. 4 5.06% $10,414
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 5.25% $12,418
    CROSSCOUNTRY MORTGAGE, LLC 3 6.48% $20,632
    EVERETT FINANCIAL, INC. 2 6.31% $15,099
    GENEVA FINANCIAL, LLC 2 6.50% $30,663
    GUARANTEED RATE, INC. 2 7.00% $10,417
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.88% $8,885
    VILLAGE CAPITAL MORTGAGE 2 6.50% $15,688
    ACADEMY MORTGAGE CORPORATION 2 6.50% $15,062
    Prosperity Home Mortgage, LLC 2 6.12% $14,523
    Equity Prime Mortgage LLC 2 6.38% $11,672
    Bank of England 1 6.25% $4,286
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $35,494
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $4,799
    VERITAS FUNDING, LLC 1 6.38% $28,218
    Nations Lending Corporation 1 7.75% $9,917
    Assurance Financial Group, L.L.C. 1 6.50% $4,395
    NBKC BANK 1 5.25% $5,671
    NEW DAY FINANCIAL, LLC 1 7.49% $35,260
    NEWREZ LLC 1 6.25% $21,752
    Wells Fargo Bank 1 6.50% $10,240
    ACOPIA, LLC 1 6.88% $0
    PREMIA MORTGAGE, LLC 1 6.00% $12,254
    EMBRACE HOME LOANS, INC. 1 5.75% $14,883
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $7,955
    Regions Bank 1 5.75% $20,997
    Renasant Bank 1 5.75% $11,069
    First Option Mortgage, LLC 1 6.75% $0
    Cornerstone First Mortgage, Inc 1 7.00% $9,422
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $38,319
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $8,964
    Citizens Bank 1 6.75% $3,693
    CARDINAL FINANCIAL 1 7.25% $12,727
    JPMorgan Chase Bank 1 7.25% $464

    The top Jefferson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $8,863, which is $6,696 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Jefferson VA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,107), Mortgage Research Center, LLC ($8,863), UNITED WHOLESALE MORTGAGE, LLC ($10,092), QUICKEN LOANS, LLC ($15,559) and .

    The lowest rate Jefferson VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.17%), UNITED WHOLESALE MORTGAGE, LLC (6.28%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.45%), Mortgage Research Center, LLC (6.73%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jefferson (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 $270,785 (15.9%) $317,585 (16.3%) 0.00 527
    2018-02-01 $266,975 (11.6%) $314,082 (11.1%) 0.00 537
    2018-03-01 $274,015 (11.7%) $320,083 (11.6%) 0.00 474
    2018-04-01 $289,725 (16.4%) $334,223 (15.5%) 0.00 451
    2018-05-01 $294,804 (18.0%) $342,368 (17.4%) 0.00 426
    2018-06-01 $297,950 (16.3%) $349,470 (17.4%) 0.00 424
    2018-07-01 $285,149 (12.0%) $342,215 (16.2%) 0.00 465
    2018-08-01 $281,759 (10.5%) $336,217 (12.1%) 0.00 483
    2018-09-01 $284,923 (9.2%) $334,585 (11.7%) 0.00 492
    2018-10-01 $276,775 (5.4%) $330,681 (9.5%) 0.00 610
    2018-11-01 $276,305 (5.2%) $328,058 (7.4%) 0.00 609
    2018-12-01 $276,459 (4.6%) $329,455 (6.0%) 0.00 589
    2019-01-01 $279,900 (3.4%) $331,487 (4.4%) 0.00 544
    2019-02-01 $289,675 (8.5%) $343,644 (9.4%) 0.00 536
    2019-03-01 $282,976 (3.3%) $329,579 (3.0%) 0.00 603
    2019-04-01 $274,728 (-5.2%) $309,977 (-7.3%) 0.00 675
    2019-05-01 $274,795 (-6.8%) $307,382 (-10.2%) 0.00 628
    2019-06-01 $266,795 (-10.5%) $307,822 (-11.9%) 0.00 634
    2019-07-01 $268,751 (-5.8%) $326,523 (-4.6%) 0.00 630
    2019-08-01 $267,124 (-5.2%) $317,909 (-5.5%) 0.00 640
    2019-09-01 $265,960 (-6.7%) $306,562 (-8.4%) 0.00 620
    2019-10-01 $272,157 (-1.7%) $317,676 (-3.9%) 0.00 548
    2019-11-01 $279,925 (1.3%) $332,605 (1.4%) 0.00 459
    2019-12-01 $284,173 (2.8%) $326,742 (-0.8%) 0.00 428
    2020-01-01 $284,900 (1.8%) $324,623 (-2.1%) 0.00 405
    2020-02-01 $285,000 (-1.6%) $331,838 (-3.4%) 0.00 402
    2020-03-01 $283,743 (0.3%) $330,596 (0.3%) 0.00 379
    2020-04-01 $285,193 (3.8%) $329,166 (6.2%) 0.00 411
    2020-05-01 $289,990 (5.5%) $338,131 (10.0%) 0.00 407
    2020-06-01 $300,256 (12.5%) $350,578 (13.9%) 0.00 367
    2020-07-01 $301,327 (12.1%) $355,146 (8.8%) 0.00 357
    2020-08-01 $306,285 (14.7%) $354,956 (11.7%) 0.00 348
    2020-09-01 $315,164 (18.5%) $360,969 (17.8%) 0.00 311
    2020-10-01 $315,338 (15.9%) $358,674 (12.9%) 0.00 287
    2020-11-01 $313,204 (11.9%) $368,775 (10.9%) 0.00 264
    2020-12-01 $305,438 (7.5%) $377,255 (15.5%) 0.00 250
    2021-01-01 $303,823 (6.6%) $379,587 (16.9%) 0.00 217
    2021-02-01 $315,456 (10.7%) $402,994 (21.4%) 0.00 171
    2021-03-01 $320,725 (13.0%) $418,543 (26.6%) 0.00 141
    2021-04-01 $335,360 (17.6%) $424,934 (29.1%) 0.00 135
    2021-05-01 $352,500 (21.6%) $438,764 (29.8%) 0.00 130
    2021-06-01 $372,475 (24.1%) $453,771 (29.4%) 0.00 154
    2021-07-01 $379,950 (26.1%) $470,921 (32.6%) 0.00 169
    2021-08-01 $379,450 (23.9%) $461,446 (30.0%) 0.00 203
    2021-09-01 $404,111 (28.2%) $478,092 (32.5%) 0.00 234
    2021-10-01 $409,990 (30.0%) $480,423 (33.9%) 0.00 244
    2021-11-01 $423,366 (35.2%) $483,047 (31.0%) 0.00 237
    2021-12-01 $445,235 (45.8%) $497,587 (31.9%) 0.00 226
    2022-01-01 $471,995 (55.4%) $527,877 (39.1%) 0.00 165
    2022-02-01 $458,339 (45.3%) $532,013 (32.0%) 0.00 152
    2022-03-01 $471,185 (46.9%) $543,778 (29.9%) 0.00 152
    2022-04-01 $475,654 (41.8%) $556,629 (31.0%) 0.00 165
    2022-05-01 $487,495 (38.3%) $567,489 (29.3%) 0.00 214
    2022-06-01 $478,495 (28.5%) $559,689 (23.3%) 0.00 265
    2022-07-01 $474,829 (25.0%) $555,571 (18.0%) 0.00 352
    2022-08-01 $474,900 (25.2%) $552,361 (19.7%) 0.00 391
    2022-09-01 $472,664 (17.0%) $535,658 (12.0%) 0.00 428
    2022-10-01 $450,000 (9.8%) $517,588 (7.7%) 0.00 464
    2022-11-01 $444,613 (5.0%) $523,506 (8.4%) 0.00 457
    2022-12-01 $429,999 (-3.4%) $525,351 (5.6%) 0.00 436
    2023-01-01 $432,770 (-8.3%) $529,425 (0.3%) 0.00 389
    2023-02-01 $443,187 (-3.3%) $527,337 (-0.9%) 0.00 366
    2023-03-01 $446,848 (-5.2%) $532,029 (-2.2%) 0.00 353
    2023-04-01 $442,479 (-7.0%) $524,800 (-5.7%) 0.00 355
    2023-05-01 $446,887 (-8.3%) $532,338 (-6.2%) 0.00 345
    2023-06-01 $449,725 (-6.0%) $510,357 (-8.8%) 0.00 352
    2023-07-01 $449,973 (-5.2%) $514,114 (-7.5%) 0.00 356
    2023-08-01 $447,627 (-5.7%) $508,992 (-7.9%) 0.00 364
    2023-09-01 $448,710 (-5.1%) $496,452 (-7.3%) 0.00 374
    2023-10-01 $442,122 (-1.8%) $504,232 (-2.6%) 0.00 405
    2023-11-01 $446,302 (0.4%) $515,205 (-1.6%) 0.00 416
    2023-12-01 $444,345 (3.3%) $519,169 (-1.2%) 0.00 410
    2024-01-01 $447,327 (3.4%) $528,459 (-0.2%) 0.00 383
    2024-02-01 $444,262 (0.2%) $531,754 (0.8%) 0.00 390
    2024-03-01 $440,000 (-1.5%) $536,062 (0.8%) 0.00 407
    Jefferson's median listing price for 2024-03-01 was $440,000, a difference of $-6,848 (-1.5%) versus the prior year and $-4,262 versus the prior month.

    Jefferson's median listing price comes in at 0% of the national average.

    Jefferson's average listing price for 2024-03-01 was $536,062, a difference of $4,033 (0.8%) versus the prior year and $4,308 versus the prior month.

    For the 2024-03-01 period, Jefferson had 407 MLS listings, a difference of 17 listings (4%) versus the prior month and 54 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jefferson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,591 sqft
    2018-02-01 0 days 2,577 sqft
    2018-03-01 0 days 2,549 sqft
    2018-04-01 0 days 2,582 sqft
    2018-05-01 0 days 2,576 sqft
    2018-06-01 0 days 2,587 sqft
    2018-07-01 0 days 2,569 sqft
    2018-08-01 0 days 2,529 sqft
    2018-09-01 0 days 2,580 sqft
    2018-10-01 0 days 2,536 sqft
    2018-11-01 0 days 2,548 sqft
    2018-12-01 0 days 2,545 sqft
    2019-01-01 0 days 2,580 sqft
    2019-02-01 0 days 2,602 sqft
    2019-03-01 0 days 2,605 sqft
    2019-04-01 0 days 2,584 sqft
    2019-05-01 0 days 2,602 sqft
    2019-06-01 0 days 2,580 sqft
    2019-07-01 0 days 2,584 sqft
    2019-08-01 0 days 2,573 sqft
    2019-09-01 0 days 2,551 sqft
    2019-10-01 0 days 2,518 sqft
    2019-11-01 0 days 2,511 sqft
    2019-12-01 0 days 2,501 sqft
    2020-01-01 0 days 2,504 sqft
    2020-02-01 0 days 2,501 sqft
    2020-03-01 0 days 2,500 sqft
    2020-04-01 0 days 2,497 sqft
    2020-05-01 0 days 2,493 sqft
    2020-06-01 0 days 2,508 sqft
    2020-07-01 0 days 2,536 sqft
    2020-08-01 0 days 2,550 sqft
    2020-09-01 0 days 2,560 sqft
    2020-10-01 0 days 2,500 sqft
    2020-11-01 0 days 2,506 sqft
    2020-12-01 0 days 2,500 sqft
    2021-01-01 0 days 2,500 sqft
    2021-02-01 0 days 2,390 sqft
    2021-03-01 0 days 2,445 sqft
    2021-04-01 0 days 2,392 sqft
    2021-05-01 0 days 2,384 sqft
    2021-06-01 0 days 2,390 sqft
    2021-07-01 0 days 2,366 sqft
    2021-08-01 0 days 2,466 sqft
    2021-09-01 0 days 2,562 sqft
    2021-10-01 0 days 2,543 sqft
    2021-11-01 0 days 2,648 sqft
    2021-12-01 0 days 2,711 sqft
    2022-01-01 0 days 2,688 sqft
    2022-02-01 0 days 2,582 sqft
    2022-03-01 0 days 2,617 sqft
    2022-04-01 0 days 2,504 sqft
    2022-05-01 0 days 2,490 sqft
    2022-06-01 0 days 2,562 sqft
    2022-07-01 0 days 2,508 sqft
    2022-08-01 0 days 2,488 sqft
    2022-09-01 0 days 2,488 sqft
    2022-10-01 0 days 2,436 sqft
    2022-11-01 0 days 2,479 sqft
    2022-12-01 0 days 2,432 sqft
    2023-01-01 0 days 2,443 sqft
    2023-02-01 0 days 2,471 sqft
    2023-03-01 0 days 2,467 sqft
    2023-04-01 0 days 2,462 sqft
    2023-05-01 0 days 2,465 sqft
    2023-06-01 0 days 2,467 sqft
    2023-07-01 0 days 2,500 sqft
    2023-08-01 0 days 2,499 sqft
    2023-09-01 0 days 2,445 sqft
    2023-10-01 0 days 2,444 sqft
    2023-11-01 0 days 2,448 sqft
    2023-12-01 0 days 2,442 sqft
    2024-01-01 0 days 2,494 sqft
    2024-02-01 0 days 2,456 sqft
    2024-03-01 0 days 2,489 sqft
    Jefferson's median listing age (time on market) for 2024-03-01 was 0 days.

    Jefferson's median square footage for active listings during the 2024-03-01 period was 2,489 sqft. One year prior, the average listing was 2,467 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.