Macon VA Loans

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 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 105 lenders originated 823 VA loans during 2021. The total origination value was $186,375,000, with an average VA loan value of $226,458.

    Macon VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Macon averaged 5.58% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.81% and one month ago for the week of 2022-04-08, the average rate was 4.94%.

    The average rate one year ago was 2.95%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.43%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Macon level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 111 2.94% $5,071
    QUICKEN LOANS, LLC 78 2.50% $4,057
    FREEDOM MORTGAGE CORPORATION 46 2.44% $2,441
    PENNYMAC LOAN SERVICES, LLC 41 2.46% $4,828
    USAA Federal Savings Bank 25 2.95% $7,129
    LOANDEPOT.COM, LLC 22 2.78% $5,188
    UNITED WHOLESALE MORTGAGE, LLC 21 2.69% $4,113
    VILLAGE CAPITAL & INVESTMENT LLC 19 2.45% $3,021
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 18 3.14% $6,063
    NEW DAY FINANCIAL, LLC 17 2.79% $5,275
    BROKER SOLUTIONS, INC. 17 3.14% $5,665
    First Federal Bank 15 2.92% $7,121
    Mr. Cooper ( Nationstar Mortgage ) 15 2.78% $4,309
    GUILD MORTGAGE COMPANY 14 3.08% $5,250
    Renasant Bank 13 2.88% $4,756
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 2.99% $4,005
    NAVY FEDERAL CREDIT UNION 11 2.45% $2,872
    CLEARPATH LENDING 10 2.61% $2,617
    Barrington Bank & Trust Company, N.A. 10 2.95% $4,342
    HOMESTAR FINANCIAL CORPORATION 9 3.15% $3,394
    Wells Fargo Bank 9 2.53% $3,092
    Ameris Bank 9 2.53% $9,417
    Carrington Mortgage Services, LLC 8 3.11% $2,463
    CROSSCOUNTRY MORTGAGE, LLC 8 3.16% $6,027
    The Federal Savings Bank 7 2.54% $6,034
    CRESCENT MORTGAGE COMPANY 7 2.45% $4,889
    INSPIRE HOME LOANS INC. 7 3.30% $6,001
    NEWREZ LLC 6 2.71% $3,160
    CALIBER HOME LOANS, INC. 5 2.66% $1,700
    HOME POINT FINANCIAL CORPORATION 4 2.63% $6,068
    MUTUAL OF OMAHA MORTGAGE, INC. 4 3.03% $4,073
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.22% $4,196
    Mid-Continent Funding, Inc. 4 3.38% $4,187
    Truist Bank 4 2.68% $3,585
    InterContinental Capital Group, Inc 4 2.88% $3,247
    Low VA Rates, LLC 3 2.58% $3,382
    AMERISAVE MORTGAGE CORPORATION 3 2.67% $6,075
    Capital City Home Loans, LLC 3 2.63% $12,273
    Colony Bank 3 2.79% $8,506
    GUARANTY HOME MORTGAGE CORPORATION 3 2.42% $12,871
    Lakeview Community Capital, LLC 3 2.67% $2,836
    PANORAMA MORTGAGE GROUP, LLC 3 3.63% $2,761
    Paramount Residential Mortgage Group, Inc. 3 2.79% $3,750
    PENTAGON FEDERAL CREDIT UNION 3 2.33% $3,002
    PLANET HOME LENDING, LLC 3 3.21% $1,349
    SECURITYNATIONAL MORTGAGE COMPANY 3 3.17% $7,138
    South State Bank 3 2.71% $6,583
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 2.81% $5,457
    LAKEVIEW LOAN SERVICING, LLC 2 2.25% $2,922
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 2.88% $8,365
    VAN DYK MORTGAGE CORPORATION 2 3.44% $6,414
    FIRST COMMUNITY MORTGAGE, INC. 2 2.44% $2,457
    STOCKTON MORTGAGE CORPORATION 2 2.88% $6,981
    SUCCESS MORTGAGE PARTNERS, INC. 2 2.93% $2,400
    SUMMIT FUNDING, INC. 2 3.63% $4,832
    NP, Inc. 2 2.25% $4,522
    Synovus Bank 2 2.63% $6,100
    Bank of England 2 2.81% $6,086
    ACOPIA, LLC 2 3.00% $8,676
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $4,415
    UNION HOME MORTGAGE CORP. 2 2.25% $8,872
    GUARANTEED RATE AFFINITY, LLC 2 3.44% $8,204
    Magnolia Bank 2 2.75% $3,197
    GMFS LLC 2 2.69% $2,244
    BANKSOUTH MORTGAGE COMPANY, LLC 2 3.00% $10,575
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 2.69% $1,857
    NBKC BANK 2 2.50% $1,228
    First Guaranty Mortgage Corporation 2 2.56% $1,600
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.75% $3,404
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.75% $4,384
    RELIANCE FIRST CAPITAL, LLC 1 3.63% $4,884
    RESIDENTIAL HOME FUNDING CORP. 1 3.88% $8,525
    JET DIRECT FUNDING CORP 1 2.88% $10,613
    Sierra Pacific Mortgage Company, Inc. 1 2.75% $7,409
    AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $3,494
    Stifel Bank and Trust 1 2.25% $3,703
    SWBC MORTGAGE CORPORATION 1 3.00% $5,034
    THE MORTGAGE FIRM, INC. 1 2.38% $1,919
    Triumph Bank 1 2.25% $2,673
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.50% $751
    Goldwater Bank, N.A. 1 2.88% $5,367
    Flagstar Bank, FSB 1 2.38% $9,803
    First Option Mortgage, LLC 1 3.75% $10,079
    INTERCAP LENDING INC. 1 2.25% $2,814
    ROBINS FINANCIAL 1 2.25% $7,513
    KS StateBank 1 2.25% $1,803
    Tyndall Federal Credit Union 1 3.50% $28,673
    MEGASTAR FINANCIAL CORP. 1 2.50% $11,826
    FINANCE OF AMERICA MORTGAGE LLC 1 3.38% $9,136
    MILEND, INC. 1 3.13% $9,445
    EMBRACE HOME LOANS, INC. 1 2.75% $1,890
    MOVEMENT MORTGAGE, LLC 1 2.88% $6,261
    CREDIT UNION FINANCIAL SERVICES, LLC 1 2.63% $6,515
    Credence Funding Corporation 1 2.63% $971
    Nations Lending Corporation 1 3.25% $4,326
    CONTOUR MORTGAGE CORPORATION 1 3.25% $6,250
    CityWorth Mortgage LLC 1 2.88% $7,560
    CERTAINTY HOME LOANS, LLC 1 3.38% $741
    OCMBC, INC. 1 2.75% $4,122
    ANGEL OAK HOME LOANS LLC 1 3.50% $520
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $5,592
    AmeriHome Mortgage Company, LLC 1 2.38% $2,748
    PHH Mortgage Corporation 1 2.63% $3,043
    Platinum Home Mortgage Corporation 1 2.99% $6,452
    PREMIA MORTGAGE, LLC 1 2.38% $2,197

    The top Macon VA lender as defined by loan originations is Mortgage Research Center, LLC, with 111 VA loans originated. Their average total fees are $5,071, which is $1,014 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Macon VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,441), CLEARPATH LENDING ($2,617), NAVY FEDERAL CREDIT UNION ($2,872), VILLAGE CAPITAL & INVESTMENT LLC ($3,021) and HOMEBRIDGE FINANCIAL SERVICES, INC. ($4,005).

    The lowest rate Macon VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (2.44%), VILLAGE CAPITAL & INVESTMENT LLC (2.45%), NAVY FEDERAL CREDIT UNION (2.45%), PENNYMAC LOAN SERVICES, LLC (2.46%) and QUICKEN LOANS, LLC (2.50%).

    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.