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 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
6.27%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Macon's average VA mortgage closing costs are $5,254.
The average rate for the prior week (2024-10-04) was
5.74% and
one month ago for the week of 2024-09-06, the
average rate was 6.13%.
The average rate one year ago was 7.3%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.1%.
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%).
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.