Macon VA Loan Rates, Closing Costs & Stats

MACON-BIBB COUNTY, 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.

    Macon's 67 lenders originated 349 VA loans during 2023. The total origination value was $96,095,000, with an average VA loan value of $275,344.

    Macon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Macon averaged 6.97% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Macon's average VA mortgage closing costs are $5,254.

    The average rate for the prior week (2024-04-12) was 6.9% 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 7.31%.

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

    Macon 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 Macon level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 58 6.90% $4,997
    QUICKEN LOANS, LLC 27 6.39% $7,666
    UNITED WHOLESALE MORTGAGE, LLC 21 6.52% $7,331
    NAVY FEDERAL CREDIT UNION 14 6.09% $4,983
    BROKER SOLUTIONS, INC. 12 6.41% $8,709
    NEW DAY FINANCIAL, LLC 10 7.62% $10,955
    INSPIRE HOME LOANS INC. 9 5.86% $7,421
    GUILD MORTGAGE COMPANY 8 6.83% $9,344
    USAA Federal Savings Bank 8 6.52% $10,492
    FBC MORTGAGE, LLC 8 5.43% $6,276
    GUARANTEED RATE, INC. 8 6.55% $8,226
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 6.41% $9,126
    ACADEMY MORTGAGE CORPORATION 7 6.45% $11,274
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.84% $4,830
    Colony Bank 6 6.48% $5,323
    LOANDEPOT.COM, LLC 6 6.44% $9,387
    The Federal Savings Bank 6 6.29% $9,648
    Renasant Bank 6 6.27% $10,537
    PENNYMAC LOAN SERVICES, LLC 6 5.81% $4,734
    Ameris Bank 6 6.17% $6,160
    FREEDOM MORTGAGE CORPORATION 5 7.15% $12,110
    CARDINAL FINANCIAL 5 6.68% $11,135
    MOVEMENT MORTGAGE, LLC 4 7.06% $9,141
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.84% $2,522
    ROBINS FINANCIAL 3 6.71% $7,010
    First Federal Bank 3 6.79% $3,693
    Mr. Cooper ( Nationstar Mortgage ) 3 5.96% $9,955
    GMFS LLC 3 6.21% $5,302
    VILLAGE CAPITAL MORTGAGE 3 6.29% $25,209
    AMERICAN FINANCIAL NETWORK, INC. 3 6.63% $13,970
    Paramount Residential Mortgage Group, Inc. 2 6.31% $7,778
    Barrington Bank & Trust Company, N.A. 2 6.25% $5,229
    CANOPY MORTGAGE, LLC 2 6.81% $19,545
    CROSSCOUNTRY MORTGAGE, LLC 2 7.06% $22,778
    HOMESTAR FINANCIAL CORPORATION 2 6.25% $13,515
    PENTAGON FEDERAL CREDIT UNION 2 6.13% $3,954
    Prosperity Home Mortgage, LLC 2 6.00% $15,662
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.25% $6,960
    STOCKTON MORTGAGE CORPORATION 2 6.75% $11,641
    Synovus Bank 2 5.88% $7,535
    HOMESPIRE MORTGAGE CORPORATION 1 5.25% $24,820
    Flagstar Bank, FSB 1 5.63% $2,096
    CONTOUR MORTGAGE CORPORATION 1 6.38% $4,019
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $7,040
    Plains Commerce Bank 1 6.38% $4,180
    PLAZA HOME MORTGAGE, INC. 1 7.25% $2,409
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.63% $7,157
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $11,091
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.25% $7,613
    RELIANCE FIRST CAPITAL, LLC 1 7.13% $6,452
    CHURCHILL MORTGAGE CORPORATION 1 7.75% $5,339
    BANKSOUTH MORTGAGE COMPANY, LLC 1 7.38% $11,587
    ServisFirst Bank 1 6.13% $6,253
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.63% $2,453
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.13% $4,348
    American Security Mortgage Corp. 1 5.25% $14,837
    SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $11,898
    Wells Fargo Bank 1 4.50% $0
    Bank of America 1 7.13% $0
    TJC Mortgage, Inc. 1 7.63% $8,012
    Truist 1 5.90% $3,809
    UNION HOME MORTGAGE CORP. 1 6.63% $19,048
    Mid-Continent Funding, Inc. 1 5.63% $5,559
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $17,864
    Keystone Funding, Inc. 1 6.75% $8,902
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $16,081
    JPMorgan Chase Bank 1 5.99% $0

    The top Macon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 58 VA loans originated. Their average total fees are $4,997, which is $2,670 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Macon VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,983), Mortgage Research Center, LLC ($4,997), UNITED WHOLESALE MORTGAGE, LLC ($7,331), QUICKEN LOANS, LLC ($7,666) and BROKER SOLUTIONS, INC. ($8,709).

    The lowest rate Macon VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (6.09%), QUICKEN LOANS, LLC (6.39%), BROKER SOLUTIONS, INC. (6.41%), UNITED WHOLESALE MORTGAGE, LLC (6.52%) and Mortgage Research Center, LLC (6.90%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Macon (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 $140,995 (1.1%) $187,948 (-1.2%) 0.52 750
    2018-02-01 $139,925 (0.0%) $187,262 (-1.7%) 0.51 763
    2018-03-01 $144,990 (-1.0%) $194,567 (-2.6%) 0.51 785
    2018-04-01 $149,700 (0.3%) $202,669 (1.7%) 0.51 815
    2018-05-01 $150,445 (0.4%) $210,527 (6.7%) 0.50 833
    2018-06-01 $157,500 (4.5%) $215,471 (7.6%) 0.53 843
    2018-07-01 $159,800 (6.6%) $213,850 (6.8%) 0.53 864
    2018-08-01 $162,300 (4.7%) $216,747 (5.3%) 0.54 878
    2018-09-01 $164,000 (9.4%) $219,606 (8.3%) 0.55 883
    2018-10-01 $165,000 (17.9%) $219,445 (14.6%) 0.56 883
    2018-11-01 $164,000 (13.3%) $222,004 (13.2%) 0.56 881
    2018-12-01 $159,500 (12.3%) $217,171 (15.5%) 0.55 850
    2019-01-01 $152,990 (8.5%) $218,217 (16.1%) 0.53 791
    2019-02-01 $153,973 (10.0%) $219,011 (17.0%) 0.52 803
    2019-03-01 $125,671 (-13.3%) $192,902 (-0.9%) 0.41 1,145
    2019-04-01 $88,850 (-40.7%) $162,585 (-19.8%) 0.28 1,605
    2019-05-01 $90,000 (-40.2%) $166,572 (-20.9%) 0.28 1,616
    2019-06-01 $172,000 (9.2%) $242,775 (12.7%) 0.54 935
    2019-07-01 $159,990 (0.1%) $235,355 (10.1%) 0.50 953
    2019-08-01 $158,602 (-2.3%) $237,016 (9.4%) 0.50 944
    2019-09-01 $156,520 (-4.6%) $236,601 (7.7%) 0.50 928
    2019-10-01 $157,631 (-4.5%) $239,748 (9.3%) 0.51 910
    2019-11-01 $159,990 (-2.5%) $245,946 (10.8%) 0.52 848
    2019-12-01 $159,900 (0.3%) $242,357 (11.6%) 0.53 825
    2020-01-01 $159,000 (3.9%) $238,455 (9.3%) 0.53 785
    2020-02-01 $152,990 (-0.6%) $237,365 (8.4%) 0.50 800
    2020-03-01 $150,990 (20.2%) $236,197 (22.4%) 0.47 779
    2020-04-01 $150,495 (69.4%) $240,194 (47.7%) 0.47 775
    2020-05-01 $158,500 (76.1%) $254,809 (53.0%) 0.48 705
    2020-06-01 $163,745 (-4.8%) $266,163 (9.6%) 0.48 594
    2020-07-01 $172,423 (7.8%) $271,355 (15.3%) 0.50 583
    2020-08-01 $179,900 (13.4%) $281,427 (18.7%) 0.52 503
    2020-09-01 $170,450 (8.9%) $278,673 (17.8%) 0.49 470
    2020-10-01 $168,995 (7.2%) $493,202 (105.7%) 0.48 464
    2020-11-01 $174,945 (9.4%) $289,133 (17.6%) 0.51 436
    2020-12-01 $182,495 (14.1%) $298,290 (23.1%) 0.54 423
    2021-01-01 $175,990 (10.7%) $295,210 (23.8%) 0.53 397
    2021-02-01 $179,300 (17.2%) $289,626 (22.0%) 0.52 348
    2021-03-01 $197,400 (30.7%) $292,133 (23.7%) 0.56 354
    2021-04-01 $198,300 (31.8%) $295,016 (22.8%) 0.54 369
    2021-05-01 $189,900 (19.8%) $264,810 (3.9%) 0.50 371
    2021-06-01 $183,445 (12.0%) $261,830 (-1.6%) 0.48 417
    2021-07-01 $190,000 (10.2%) $261,584 (-3.6%) 0.50 454
    2021-08-01 $196,373 (9.2%) $258,634 (-8.1%) 0.52 499
    2021-09-01 $208,868 (22.5%) $327,487 (17.5%) 0.56 542
    2021-10-01 $214,995 (27.2%) $427,097 (-13.4%) 0.57 492
    2021-11-01 $213,240 (21.9%) $452,708 (56.6%) 0.57 467
    2021-12-01 $207,748 (13.8%) $472,086 (58.3%) 0.56 402
    2022-01-01 $199,000 (13.1%) $468,284 (58.6%) 0.54 402
    2022-02-01 $167,550 (-6.6%) $445,081 (53.7%) 0.44 394
    2022-03-01 $169,950 (-13.9%) $337,399 (15.5%) 0.43 394
    2022-04-01 $187,900 (-5.2%) $462,495 (56.8%) 0.45 391
    2022-05-01 $214,500 (13.0%) $572,196 (116.1%) 0.49 425
    2022-06-01 $232,500 (26.7%) $454,531 (73.6%) 0.52 481
    2022-07-01 $239,990 (26.3%) $461,285 (76.3%) 0.54 516
    2022-08-01 $229,947 (17.1%) $427,164 (65.2%) 0.53 527
    2022-09-01 $235,000 (12.5%) $396,524 (21.1%) 0.55 538
    2022-10-01 $225,000 (4.7%) $390,903 (-8.5%) 0.53 562
    2022-11-01 $225,000 (5.5%) $413,142 (-8.7%) 0.54 579
    2022-12-01 $239,450 (15.3%) $417,961 (-11.5%) 0.59 561
    2023-01-01 $236,975 (19.1%) $405,444 (-13.4%) 0.59 549
    2023-02-01 $209,073 (24.8%) $312,295 (-29.8%) 0.50 531
    2023-03-01 $227,000 (33.6%) $293,360 (-13.1%) 0.54 529
    2023-04-01 $232,500 (23.7%) $287,293 (-37.9%) 0.54 545
    2023-05-01 $244,900 (14.2%) $292,299 (-48.9%) 0.56 550
    2023-06-01 $259,375 (11.6%) $303,360 (-33.3%) 0.58 562
    2023-07-01 $259,000 (7.9%) $305,180 (-33.8%) 0.59 593
    2023-08-01 $252,075 (9.6%) $300,382 (-29.7%) 0.58 645
    2023-09-01 $249,900 (6.3%) $292,115 (-26.3%) 0.58 688
    2023-10-01 $240,000 (6.7%) $291,622 (-25.4%) 0.56 726
    2023-11-01 $233,931 (4.0%) $288,200 (-30.2%) 0.56 721
    2023-12-01 $225,000 (-6.0%) $282,654 (-32.4%) 0.55 694
    2024-01-01 $229,950 (-3.0%) $280,682 (-30.8%) 0.56 683
    2024-02-01 $233,153 (11.5%) $288,226 (-7.7%) 0.56 688
    2024-03-01 $217,500 (-4.2%) $278,287 (-5.1%) 0.51 719
    Macon's median listing price for 2024-03-01 was $217,500, a difference of $-9,500 (-4.2%) versus the prior year and $-15,653 versus the prior month.

    Macon's median listing price comes in at 51% of the national average.

    Macon's average listing price for 2024-03-01 was $278,287, a difference of $-15,073 (-5.1%) versus the prior year and $-9,939 versus the prior month.

    For the 2024-03-01 period, Macon had 719 MLS listings, a difference of 31 listings (5%) versus the prior month and 190 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Macon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 79 days 1,914 sqft
    2018-02-01 82 days 1,917 sqft
    2018-03-01 66 days 1,981 sqft
    2018-04-01 70 days 2,020 sqft
    2018-05-01 67 days 2,021 sqft
    2018-06-01 73 days 2,024 sqft
    2018-07-01 74 days 2,021 sqft
    2018-08-01 71 days 2,051 sqft
    2018-09-01 79 days 2,033 sqft
    2018-10-01 83 days 2,074 sqft
    2018-11-01 88 days 2,052 sqft
    2018-12-01 93 days 2,007 sqft
    2019-01-01 102 days 1,982 sqft
    2019-02-01 97 days 1,955 sqft
    2019-03-01 83 days 1,969 sqft
    2019-04-01 76 days 2,000 sqft
    2019-05-01 77 days 2,027 sqft
    2019-06-01 74 days 2,017 sqft
    2019-07-01 73 days 2,007 sqft
    2019-08-01 77 days 2,004 sqft
    2019-09-01 80 days 1,995 sqft
    2019-10-01 85 days 1,990 sqft
    2019-11-01 92 days 2,007 sqft
    2019-12-01 93 days 1,998 sqft
    2020-01-01 100 days 1,971 sqft
    2020-02-01 84 days 1,897 sqft
    2020-03-01 67 days 1,886 sqft
    2020-04-01 76 days 1,870 sqft
    2020-05-01 75 days 1,886 sqft
    2020-06-01 81 days 1,964 sqft
    2020-07-01 65 days 2,070 sqft
    2020-08-01 68 days 2,079 sqft
    2020-09-01 63 days 1,957 sqft
    2020-10-01 59 days 1,897 sqft
    2020-11-01 53 days 1,902 sqft
    2020-12-01 54 days 1,928 sqft
    2021-01-01 54 days 1,950 sqft
    2021-02-01 50 days 1,949 sqft
    2021-03-01 42 days 1,961 sqft
    2021-04-01 39 days 1,961 sqft
    2021-05-01 44 days 1,927 sqft
    2021-06-01 38 days 1,863 sqft
    2021-07-01 47 days 1,866 sqft
    2021-08-01 47 days 1,908 sqft
    2021-09-01 46 days 1,968 sqft
    2021-10-01 51 days 1,960 sqft
    2021-11-01 56 days 1,972 sqft
    2021-12-01 59 days 1,933 sqft
    2022-01-01 54 days 1,800 sqft
    2022-02-01 36 days 1,666 sqft
    2022-03-01 34 days 1,671 sqft
    2022-04-01 37 days 1,786 sqft
    2022-05-01 39 days 1,850 sqft
    2022-06-01 33 days 1,885 sqft
    2022-07-01 43 days 1,886 sqft
    2022-08-01 47 days 1,871 sqft
    2022-09-01 45 days 1,929 sqft
    2022-10-01 43 days 1,914 sqft
    2022-11-01 49 days 1,920 sqft
    2022-12-01 61 days 1,908 sqft
    2023-01-01 61 days 1,924 sqft
    2023-02-01 52 days 1,869 sqft
    2023-03-01 49 days 1,877 sqft
    2023-04-01 44 days 1,899 sqft
    2023-05-01 46 days 1,972 sqft
    2023-06-01 48 days 2,100 sqft
    2023-07-01 48 days 2,100 sqft
    2023-08-01 49 days 2,075 sqft
    2023-09-01 54 days 1,976 sqft
    2023-10-01 56 days 1,952 sqft
    2023-11-01 61 days 1,909 sqft
    2023-12-01 72 days 1,870 sqft
    2024-01-01 72 days 1,866 sqft
    2024-02-01 58 days 1,865 sqft
    2024-03-01 59 days 1,782 sqft
    Macon's median listing age (time on market) for 2024-03-01 was 59 days. This is 20% longer than the same period one year ago.

    Macon's median square footage for active listings during the 2024-03-01 period was 1,782 sqft. One year prior, the average listing was 1,877 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.