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.