Milledgeville VA Loan Rates, Closing Costs & Stats

Milledgeville, 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 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.

    Milledgeville's 23 lenders originated 52 VA loans during 2023. The total origination value was $14,590,000, with an average VA loan value of $280,577.

    Milledgeville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Milledgeville averaged 6.84% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Milledgeville's average VA mortgage closing costs are $5,188.

    The average rate for the prior week (2024-04-12) was 6.97% and one month ago for the week of 2024-03-15, the average rate was 6.53%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Milledgeville 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 Milledgeville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 7.01% $10,147
    UNITED WHOLESALE MORTGAGE, LLC 5 6.54% $7,407
    QUICKEN LOANS, LLC 4 6.12% $7,905
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.13% $2,877
    PENNYMAC LOAN SERVICES, LLC 3 5.38% $6,288
    NAVY FEDERAL CREDIT UNION 3 5.75% $4,121
    LOANDEPOT.COM, LLC 2 5.99% $11,652
    Barrington Bank & Trust Company, N.A. 2 6.25% $3,913
    CROSSCOUNTRY MORTGAGE, LLC 2 6.69% $4,386
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.88% $12,752
    GUILD MORTGAGE COMPANY 1 7.13% $8,593
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $16,466
    EVERETT FINANCIAL, INC. 1 6.13% $9,996
    Mr. Cooper ( Nationstar Mortgage ) 1 5.00% $6,617
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $2,978
    Colony Bank 1 5.75% $2,945
    CMG MORTGAGE, INC. 1 7.50% $3,472
    Presidential Bank, FSB 1 6.25% $10,683
    Prosperity Home Mortgage, LLC 1 5.75% $4,378
    BROKER SOLUTIONS, INC. 1 5.25% $15,359
    Regions Bank 1 7.88% $4,415
    Renasant Bank 1 5.75% $8,219
    FREEDOM MORTGAGE CORPORATION 1 6.75% $13,290

    The top Milledgeville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $10,147, which is $2,740 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Milledgeville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($10,147), .

    The lowest rate Milledgeville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.01%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Milledgeville (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 $187,475 (7.1%) $225,647 (9.8%) 0.00 253
    2018-02-01 $189,200 (7.7%) $228,910 (9.5%) 0.00 261
    2018-03-01 $186,900 (6.8%) $234,920 (9.6%) 0.00 268
    2018-04-01 $188,450 (7.7%) $243,359 (14.5%) 0.00 284
    2018-05-01 $189,000 (7.6%) $246,990 (18.8%) 0.00 278
    2018-06-01 $191,900 (6.7%) $260,109 (19.3%) 0.00 264
    2018-07-01 $194,975 (5.4%) $258,585 (13.7%) 0.00 271
    2018-08-01 $194,900 (5.8%) $252,634 (13.7%) 0.00 307
    2018-09-01 $191,900 (3.8%) $247,899 (7.5%) 0.00 300
    2018-10-01 $191,150 (6.2%) $245,909 (9.2%) 0.00 291
    2018-11-01 $190,900 (2.4%) $243,191 (7.7%) 0.00 277
    2018-12-01 $190,900 (3.2%) $238,656 (6.0%) 0.00 254
    2019-01-01 $190,900 (1.8%) $231,097 (2.4%) 0.00 257
    2019-02-01 $193,500 (2.3%) $234,560 (2.5%) 0.00 273
    2019-03-01 $207,229 (10.9%) $245,262 (4.4%) 0.00 303
    2019-04-01 $229,000 (21.5%) $262,296 (7.8%) 0.00 339
    2019-05-01 $235,975 (24.9%) $270,952 (9.7%) 0.00 332
    2019-06-01 $225,000 (17.3%) $273,679 (5.2%) 0.00 324
    2019-07-01 $222,450 (14.1%) $265,511 (2.7%) 0.00 325
    2019-08-01 $227,973 (17.0%) $271,070 (7.3%) 0.00 324
    2019-09-01 $232,432 (21.1%) $272,421 (9.9%) 0.00 315
    2019-10-01 $240,950 (26.1%) $275,310 (12.0%) 0.00 296
    2019-11-01 $239,000 (25.2%) $273,998 (12.7%) 0.00 287
    2019-12-01 $229,608 (20.3%) $275,544 (15.5%) 0.00 266
    2020-01-01 $244,900 (28.3%) $288,537 (24.9%) 0.00 237
    2020-02-01 $242,000 (25.1%) $298,949 (27.5%) 0.00 222
    2020-03-01 $244,950 (18.2%) $309,844 (26.3%) 0.00 220
    2020-04-01 $240,475 (5.0%) $307,260 (17.1%) 0.00 204
    2020-05-01 $259,950 (10.2%) $314,871 (16.2%) 0.00 190
    2020-06-01 $244,000 (8.4%) $313,555 (14.6%) 0.00 160
    2020-07-01 $234,000 (5.2%) $326,290 (22.9%) 0.00 147
    2020-08-01 $237,000 (4.0%) $323,510 (19.4%) 0.00 136
    2020-09-01 $237,000 (2.0%) $315,873 (16.0%) 0.00 148
    2020-10-01 $240,000 (-0.4%) $313,742 (14.0%) 0.00 151
    2020-11-01 $239,000 (0.0%) $313,377 (14.4%) 0.00 130
    2020-12-01 $233,850 (1.9%) $331,340 (20.3%) 0.00 141
    2021-01-01 $223,450 (-8.8%) $295,447 (2.4%) 0.00 136
    2021-02-01 $220,000 (-9.1%) $314,909 (5.3%) 0.00 125
    2021-03-01 $230,000 (-6.1%) $296,597 (-4.3%) 0.00 93
    2021-04-01 $233,975 (-2.7%) $306,844 (-0.1%) 0.00 92
    2021-05-01 $239,950 (-7.7%) $325,470 (3.4%) 0.00 85
    2021-06-01 $212,000 (-13.1%) $332,422 (6.0%) 0.00 93
    2021-07-01 $212,000 (-9.4%) $335,976 (3.0%) 0.00 88
    2021-08-01 $270,500 (14.1%) $353,178 (9.2%) 0.00 101
    2021-09-01 $269,900 (13.9%) $347,415 (10.0%) 0.00 105
    2021-10-01 $215,000 (-10.4%) $330,590 (5.4%) 0.00 102
    2021-11-01 $189,950 (-20.5%) $318,866 (1.8%) 0.00 95
    2021-12-01 $185,225 (-20.8%) $287,208 (-13.3%) 0.00 94
    2022-01-01 $229,900 (2.9%) $297,540 (0.7%) 0.00 90
    2022-02-01 $263,000 (19.6%) $307,209 (-2.5%) 0.00 91
    2022-03-01 $295,875 (28.6%) $322,814 (8.8%) 0.00 99
    2022-04-01 $310,000 (32.5%) $352,638 (14.9%) 0.00 114
    2022-05-01 $314,950 (31.3%) $391,044 (20.2%) 0.00 132
    2022-06-01 $347,499 (63.9%) $426,436 (28.3%) 0.00 134
    2022-07-01 $349,850 (65.0%) $437,783 (30.3%) 0.00 129
    2022-08-01 $379,500 (40.3%) $429,119 (21.5%) 0.00 126
    2022-09-01 $367,950 (36.3%) $414,742 (19.4%) 0.00 135
    2022-10-01 $368,000 (71.2%) $419,359 (26.9%) 0.00 132
    2022-11-01 $355,975 (87.4%) $426,142 (33.6%) 0.00 120
    2022-12-01 $349,900 (88.9%) $429,870 (49.7%) 0.00 110
    2023-01-01 $349,450 (52.0%) $416,419 (40.0%) 0.00 117
    2023-02-01 $334,675 (27.3%) $406,708 (32.4%) 0.00 102
    2023-03-01 $349,225 (18.0%) $456,154 (41.3%) 0.00 99
    2023-04-01 $340,000 (9.7%) $449,028 (27.3%) 0.00 114
    2023-05-01 $347,000 (10.2%) $460,832 (17.9%) 0.00 102
    2023-06-01 $346,750 (-0.2%) $495,685 (16.2%) 0.00 103
    2023-07-01 $279,400 (-20.1%) $438,745 (0.2%) 0.00 126
    2023-08-01 $299,450 (-21.1%) $444,937 (3.7%) 0.00 130
    2023-09-01 $299,450 (-18.6%) $463,715 (11.8%) 0.00 129
    2023-10-01 $279,250 (-24.1%) $448,874 (7.0%) 0.00 138
    2023-11-01 $278,475 (-21.8%) $459,422 (7.8%) 0.00 137
    2023-12-01 $302,450 (-13.6%) $462,298 (7.5%) 0.00 135
    2024-01-01 $299,875 (-14.2%) $463,802 (11.4%) 0.00 133
    2024-02-01 $319,975 (-4.4%) $484,978 (19.2%) 0.00 141
    2024-03-01 $334,950 (-4.1%) $512,779 (12.4%) 0.00 135
    Milledgeville's median listing price for 2024-03-01 was $334,950, a difference of $-14,275 (-4.1%) versus the prior year and $14,975 versus the prior month.

    Milledgeville's median listing price comes in at 0% of the national average.

    Milledgeville's average listing price for 2024-03-01 was $512,779, a difference of $56,625 (12.4%) versus the prior year and $27,801 versus the prior month.

    For the 2024-03-01 period, Milledgeville had 135 MLS listings, a difference of -6 listings (-4%) versus the prior month and 36 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Milledgeville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,835 sqft
    2018-02-01 0 days 1,917 sqft
    2018-03-01 0 days 1,902 sqft
    2018-04-01 0 days 1,898 sqft
    2018-05-01 0 days 1,834 sqft
    2018-06-01 0 days 1,916 sqft
    2018-07-01 0 days 1,937 sqft
    2018-08-01 0 days 1,852 sqft
    2018-09-01 0 days 1,889 sqft
    2018-10-01 0 days 1,911 sqft
    2018-11-01 0 days 1,909 sqft
    2018-12-01 0 days 1,886 sqft
    2019-01-01 0 days 1,848 sqft
    2019-02-01 0 days 1,886 sqft
    2019-03-01 0 days 2,009 sqft
    2019-04-01 0 days 2,174 sqft
    2019-05-01 0 days 2,151 sqft
    2019-06-01 0 days 2,150 sqft
    2019-07-01 0 days 2,105 sqft
    2019-08-01 0 days 2,079 sqft
    2019-09-01 0 days 2,074 sqft
    2019-10-01 0 days 2,057 sqft
    2019-11-01 0 days 2,030 sqft
    2019-12-01 0 days 2,017 sqft
    2020-01-01 0 days 2,124 sqft
    2020-02-01 0 days 2,100 sqft
    2020-03-01 0 days 2,108 sqft
    2020-04-01 0 days 2,065 sqft
    2020-05-01 0 days 2,100 sqft
    2020-06-01 0 days 2,126 sqft
    2020-07-01 0 days 2,163 sqft
    2020-08-01 0 days 2,275 sqft
    2020-09-01 0 days 2,233 sqft
    2020-10-01 0 days 2,295 sqft
    2020-11-01 0 days 2,240 sqft
    2020-12-01 0 days 2,150 sqft
    2021-01-01 0 days 2,128 sqft
    2021-02-01 0 days 2,128 sqft
    2021-03-01 0 days 2,091 sqft
    2021-04-01 0 days 1,893 sqft
    2021-05-01 0 days 1,776 sqft
    2021-06-01 0 days 1,850 sqft
    2021-07-01 0 days 1,892 sqft
    2021-08-01 0 days 1,933 sqft
    2021-09-01 0 days 1,935 sqft
    2021-10-01 0 days 1,748 sqft
    2021-11-01 0 days 1,632 sqft
    2021-12-01 0 days 1,643 sqft
    2022-01-01 0 days 1,752 sqft
    2022-02-01 0 days 1,764 sqft
    2022-03-01 0 days 2,006 sqft
    2022-04-01 0 days 1,947 sqft
    2022-05-01 0 days 1,942 sqft
    2022-06-01 0 days 1,800 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,806 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,944 sqft
    2022-11-01 0 days 2,057 sqft
    2022-12-01 0 days 2,090 sqft
    2023-01-01 0 days 1,953 sqft
    2023-02-01 0 days 1,853 sqft
    2023-03-01 0 days 2,049 sqft
    2023-04-01 0 days 1,836 sqft
    2023-05-01 0 days 1,806 sqft
    2023-06-01 0 days 1,691 sqft
    2023-07-01 0 days 1,632 sqft
    2023-08-01 0 days 1,720 sqft
    2023-09-01 0 days 1,786 sqft
    2023-10-01 0 days 1,652 sqft
    2023-11-01 0 days 1,800 sqft
    2023-12-01 0 days 1,788 sqft
    2024-01-01 0 days 1,796 sqft
    2024-02-01 0 days 1,986 sqft
    2024-03-01 0 days 2,036 sqft
    Milledgeville's median listing age (time on market) for 2024-03-01 was 0 days.

    Milledgeville's median square footage for active listings during the 2024-03-01 period was 2,036 sqft. One year prior, the average listing was 2,049 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.