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 6.16% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.52% and one month ago for the week of 2024-10-04, the average rate was 5.44%.

    The average rate one year ago was 7.2%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.14%.

    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 .

    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.