Macon VA Loans

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 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.