Lagrange VA Loan Rates, Closing Costs & Stats

LaGrange, GA-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.

    Lagrange's 48 lenders originated 146 VA loans during 2023. The total origination value was $40,410,000, with an average VA loan value of $276,781.

    Lagrange VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lagrange averaged 6.42% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Lagrange's average VA mortgage closing costs are $5,278.

    The average rate for the prior week (2024-11-01) was 6.28% and one month ago for the week of 2024-10-04, the average rate was 5.91%.

    The average rate one year ago was 7.36%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.24%.

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

    Lagrange 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 Lagrange level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.82% $3,191
    UNITED WHOLESALE MORTGAGE, LLC 9 6.34% $9,351
    NAVY FEDERAL CREDIT UNION 9 6.01% $4,615
    Plains Commerce Bank 9 6.17% $8,765
    QUICKEN LOANS, LLC 8 6.36% $13,353
    BROKER SOLUTIONS, INC. 6 5.83% $14,312
    NEW DAY FINANCIAL, LLC 6 7.33% $10,788
    CMG MORTGAGE, INC. 5 6.80% $11,021
    HOMESTAR FINANCIAL CORPORATION 5 5.88% $12,523
    Magnolia Bank 4 6.88% $12,148
    FREEDOM MORTGAGE CORPORATION 4 6.75% $7,057
    PENNYMAC LOAN SERVICES, LLC 3 6.63% $6,489
    The Federal Savings Bank 3 5.67% $10,680
    LOANDEPOT.COM, LLC 3 6.42% $10,357
    Ameris Bank 2 6.25% $3,764
    Barrington Bank & Trust Company, N.A. 2 6.25% $5,108
    CARDINAL FINANCIAL 2 6.06% $11,706
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.50% $5,977
    Flagstar Bank, FSB 2 7.23% $6,918
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.06% $8,160
    PLANET HOME LENDING, LLC 2 6.50% $4,665
    GUARANTEED RATE, INC. 1 6.75% $23,373
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $59,275
    EVERETT FINANCIAL, INC. 1 7.13% $8,798
    INSPIRE HOME LOANS INC. 1 6.75% $1,195
    JPMorgan Chase Bank 1 5.88% $4,512
    Keystone Funding, Inc. 1 6.75% $8,987
    Equity Prime Mortgage LLC 1 7.75% $2,269
    DIRECT LENDERS, LLC 1 6.88% $3,260
    DAS Acquisition Company, LLC 1 6.63% $10,935
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.25% $0
    MOVEMENT MORTGAGE, LLC 1 6.25% $4,624
    Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $15,144
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $20,659
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $12,925
    Colony Bank 1 6.25% $2,663
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $4,833
    CHERRY CREEK MORTGAGE, LLC 1 6.75% $0
    Century Mortgage Company DBA Century Lending Company 1 5.63% $7,669
    VILLAGE CAPITAL MORTGAGE 1 6.75% $3,688
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $7,161
    Capital Bank 1 5.63% $2,362
    STOCKTON MORTGAGE CORPORATION 1 7.25% $9,280
    SWBC MORTGAGE CORPORATION 1 6.63% $6,555
    Synovus Bank 1 5.75% $2,341
    BNC National Bank 1 5.50% $6,813
    FBC MORTGAGE, LLC 1 5.49% $560
    GMFS LLC 1 5.75% $3,000

    The top Lagrange VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $3,191, which is $6,160 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lagrange VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,191), .

    The lowest rate Lagrange VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.82%), .

    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.