Macon VA Loan Rates, Closing Costs & Stats

MACON-BIBB COUNTY, GA

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 84 lenders originated 496 VA loans during 2022. The total origination value was $129,350,000, with an average VA loan value of $260,786.

Macon VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Macon averaged 6.51% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Macon's average VA mortgage closing costs are $4,915.

The average rate for the prior week (2024-02-09) was 6.17% and one month ago for the week of 2024-01-12, the average rate was 6.13%.

The average rate one year ago was 5.89%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.46%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 93 5.27% $5,605
QUICKEN LOANS, LLC 36 4.49% $9,101
NAVY FEDERAL CREDIT UNION 27 4.20% $5,839
UNITED WHOLESALE MORTGAGE, LLC 22 4.69% $7,662
FREEDOM MORTGAGE CORPORATION 17 4.71% $8,833
BROKER SOLUTIONS, INC. 17 5.17% $7,584
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 16 4.64% $5,714
USAA Federal Savings Bank 15 4.70% $5,529
PENNYMAC LOAN SERVICES, LLC 14 3.65% $6,052
NEW DAY FINANCIAL, LLC 12 5.09% $9,395
HOMESTAR FINANCIAL CORPORATION 12 4.42% $7,805
LOANDEPOT.COM, LLC 11 4.84% $5,312
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 5.86% $8,240
Barrington Bank & Trust Company, N.A. 7 5.43% $7,018
GUILD MORTGAGE COMPANY 7 4.48% $7,466
GUARANTEED RATE, INC. 6 4.35% $4,947
Ameris Bank 6 5.13% $5,457
CROSSCOUNTRY MORTGAGE, LLC 6 5.50% $9,343
Equity Prime Mortgage LLC 6 4.31% $5,884
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.65% $6,969
First Federal Bank 6 4.56% $8,803
INSPIRE HOME LOANS INC. 6 5.54% $7,614
Mr. Cooper ( Nationstar Mortgage ) 5 4.60% $6,674
Wells Fargo Bank 5 4.25% $8,143
GUARANTEED RATE AFFINITY, LLC 4 5.28% $5,884
Flagstar Bank, FSB 4 5.31% $10,275
EVERETT FINANCIAL, INC. 4 5.56% $10,699
HOME POINT FINANCIAL CORPORATION 4 5.53% $6,119
ROBINS FINANCIAL 4 4.00% $6,958
NEWREZ LLC 3 5.21% $5,158
CARDINAL FINANCIAL 3 4.46% $10,560
Capital City Home Loans, LLC 3 4.38% $4,959
Renasant Bank 3 3.54% $9,066
FBC MORTGAGE, LLC 3 4.74% $1,634
BANKSOUTH MORTGAGE COMPANY, LLC 2 4.50% $3,158
AMERISAVE MORTGAGE CORPORATION 2 4.94% $5,965
Bank of England 2 4.75% $13,677
Colony Bank 2 4.44% $7,474
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.13% $15,572
LOANPAL, LLC 2 5.06% $15,069
MOVEMENT MORTGAGE, LLC 2 3.50% $1,389
North American Savings Bank, F.S.B. 2 3.06% $6,151
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.00% $7,339
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.38% $9,906
VANDERBILT MORTGAGE AND FINANCE, INC. 2 4.94% $4,591
VILLAGE CAPITAL MORTGAGE 2 4.50% $7,725
Gateway First Bank 1 6.25% $19,991
First Option Mortgage, LLC 1 5.63% $12,711
US MORTGAGE CORPORATION 1 4.88% $5,436
DAS Acquisition Company, LLC 1 4.75% $12,439
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $17,739
Nations Lending Corporation 1 2.75% $14,863
CLEARPATH LENDING 1 5.75% $7,902
NBKC BANK 1 3.00% $2,893
CHURCHILL MORTGAGE CORPORATION 1 5.75% $3,351
CERTAINTY HOME LOANS, LLC 1 3.13% $941
NFM, INC. 1 5.63% $5,717
V.I.P. MORTGAGE, INC. 1 5.25% $14,609
Northpointe Bank 1 4.63% $12,413
CALCON MUTUAL MORTGAGE LLC 1 5.25% $11,929
PENTAGON FEDERAL CREDIT UNION 1 2.50% $2,071
PLANET HOME LENDING, LLC 1 5.88% $5,762
VAN DYK MORTGAGE CORPORATION 1 5.13% $1,675
Prosperity Home Mortgage, LLC 1 5.50% $12,101
1ST SIGNATURE LENDING, LLC 1 4.63% $2,791
Assurance Financial Group, L.L.C. 1 5.63% $3,866
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.38% $11,308
SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $4,412
Sierra Pacific Mortgage Company, Inc. 1 4.50% $3,589
ACOPIA, LLC 1 5.63% $3,361
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.25% $11,423
Texana Bank 1 2.50% $12,066
THE MORTGAGE FIRM, INC. 1 5.00% $4,259
Truist 1 4.75% $5,403
UNION HOME MORTGAGE CORP. 1 6.50% $11,124
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $10,888
Alcova Mortgage LLC 1 3.75% $3,532
HOMESPIRE MORTGAGE CORPORATION 1 4.88% $15,835
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $7,742
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $1,455
GMFS LLC 1 5.25% $27,303
U.S. Bank 1 5.75% $3,745
Low VA Rates, LLC 1 4.75% $18,210
Mid-Continent Funding, Inc. 1 3.50% $5,253

The top Macon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 93 VA loans originated. Their average total fees are $5,605, which is $3,496 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Macon VA lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC ($5,312), USAA Federal Savings Bank ($5,529), Mortgage Research Center, LLC ($5,605), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($5,714) and NAVY FEDERAL CREDIT UNION ($5,839).

The lowest rate Macon VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.65%), NAVY FEDERAL CREDIT UNION (4.20%), HOMESTAR FINANCIAL CORPORATION (4.42%), QUICKEN LOANS, LLC (4.49%) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. (4.64%).


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 (-1.8%) 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%) $242,722 (12.7%) 0.54 936
2019-07-01 $159,993 (0.1%) $235,311 (10.0%) 0.50 954
2019-08-01 $158,605 (-2.3%) $237,166 (9.4%) 0.50 945
2019-09-01 $156,521 (-4.6%) $237,048 (7.9%) 0.50 930
2019-10-01 $157,632 (-4.5%) $240,394 (9.6%) 0.51 912
2019-11-01 $159,990 (-2.5%) $246,566 (11.1%) 0.52 849
2019-12-01 $159,900 (0.3%) $243,002 (11.9%) 0.53 826
2020-01-01 $159,000 (3.9%) $239,124 (9.6%) 0.53 786
2020-02-01 $153,945 (0.0%) $238,030 (8.7%) 0.50 801
2020-03-01 $150,990 (20.2%) $236,888 (22.8%) 0.47 780
2020-04-01 $150,620 (69.5%) $240,871 (48.2%) 0.47 776
2020-05-01 $158,500 (76.1%) $255,531 (53.4%) 0.48 706
2020-06-01 $163,745 (-4.8%) $266,163 (9.7%) 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 (17.6%) 0.49 470
2020-10-01 $168,990 (7.2%) $493,202 (105.2%) 0.48 464
2020-11-01 $174,945 (9.4%) $289,133 (17.3%) 0.51 436
2020-12-01 $182,495 (14.1%) $298,290 (22.8%) 0.54 423
2021-01-01 $175,990 (10.7%) $295,210 (23.5%) 0.53 397
2021-02-01 $179,300 (16.5%) $289,626 (21.7%) 0.52 348
2021-03-01 $197,400 (30.7%) $292,133 (23.3%) 0.56 354
2021-04-01 $198,300 (31.7%) $295,016 (22.5%) 0.54 369
2021-05-01 $189,900 (19.8%) $264,810 (3.6%) 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 $215,000 (27.2%) $427,097 (-13.4%) 0.57 493
2021-11-01 $213,490 (22.0%) $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 $215,000 (13.2%) $571,935 (116.0%) 0.49 426
2022-06-01 $232,748 (26.9%) $454,521 (73.6%) 0.52 482
2022-07-01 $239,995 (26.3%) $461,262 (76.3%) 0.54 517
2022-08-01 $229,950 (17.1%) $427,736 (65.4%) 0.53 528
2022-09-01 $235,000 (12.5%) $397,111 (21.3%) 0.55 539
2022-10-01 $225,995 (5.1%) $390,903 (-8.5%) 0.53 564
2022-11-01 $225,000 (5.4%) $413,142 (-8.7%) 0.54 580
2022-12-01 $239,450 (15.3%) $417,961 (-11.5%) 0.59 562
2023-01-01 $236,975 (19.1%) $405,444 (-13.4%) 0.59 549
2023-02-01 $209,095 (24.8%) $312,372 (-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 (13.9%) $292,299 (-48.9%) 0.56 550
2023-06-01 $259,375 (11.4%) $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 (-29.8%) 0.58 645
2023-09-01 $249,900 (6.3%) $292,115 (-26.4%) 0.58 688
2023-10-01 $240,000 (6.2%) $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
Macon's median listing price for 2023-12-01 was $225,000, a difference of $-14,450 (-6.0%) versus the prior year and $-8,931 versus the prior month.

Macon's median listing price comes in at 55% of the national average.

Macon's average listing price for 2023-12-01 was $282,654, a difference of $-135,307 (-32.4%) versus the prior year and $-5,546 versus the prior month.

For the 2023-12-01 period, Macon had 694 MLS listings, a difference of -27 listings (-4%) versus the prior month and 132 listings (23%) 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 2,025 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 1,997 sqft
2019-10-01 85 days 1,992 sqft
2019-11-01 91 days 2,008 sqft
2019-12-01 93 days 2,002 sqft
2020-01-01 100 days 1,971 sqft
2020-02-01 84 days 1,900 sqft
2020-03-01 67 days 1,887 sqft
2020-04-01 76 days 1,873 sqft
2020-05-01 75 days 1,887 sqft
2020-06-01 81 days 1,963 sqft
2020-07-01 65 days 2,067 sqft
2020-08-01 68 days 2,079 sqft
2020-09-01 63 days 1,952 sqft
2020-10-01 60 days 1,898 sqft
2020-11-01 53 days 1,901 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 50 days 1,960 sqft
2021-11-01 56 days 1,975 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 1,848 sqft
2022-06-01 33 days 1,876 sqft
2022-07-01 43 days 1,886 sqft
2022-08-01 47 days 1,873 sqft
2022-09-01 45 days 1,929 sqft
2022-10-01 43 days 1,913 sqft
2022-11-01 49 days 1,924 sqft
2022-12-01 61 days 1,906 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 1,977 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 1,907 sqft
2023-12-01 72 days 1,870 sqft
Macon's median listing age (time on market) for 2023-12-01 was 72 days. This is 19% longer than the same period one year ago.

Macon's median square footage for active listings during the 2023-12-01 period was 1,870 sqft. One year prior, the average listing was 1,906 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.