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 6.91% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.74% and one month ago for the week of 2025-01-10, the average rate was 6.98%.

    The average rate one year ago was 6.4%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

    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 $189,900 (8.6%) $236,357 (15.1%) 0.00 196
    2018-02-01 $189,925 (7.6%) $240,864 (13.5%) 0.00 199
    2018-03-01 $189,900 (7.6%) $247,151 (13.0%) 0.00 203
    2018-04-01 $197,950 (16.5%) $250,300 (16.6%) 0.00 211
    2018-05-01 $191,925 (12.5%) $250,571 (19.8%) 0.00 208
    2018-06-01 $199,000 (10.8%) $268,596 (24.1%) 0.00 195
    2018-07-01 $198,225 (8.1%) $265,355 (16.7%) 0.00 199
    2018-08-01 $194,150 (5.6%) $253,691 (13.0%) 0.00 230
    2018-09-01 $194,500 (5.2%) $246,134 (4.5%) 0.00 226
    2018-10-01 $192,725 (6.6%) $246,473 (7.5%) 0.00 211
    2018-11-01 $190,900 (-0.6%) $241,592 (2.4%) 0.00 201
    2018-12-01 $190,900 (0.0%) $234,465 (-1.5%) 0.00 192
    2019-01-01 $190,900 (0.5%) $238,905 (1.1%) 0.00 194
    2019-02-01 $195,675 (3.0%) $241,218 (0.2%) 0.00 213
    2019-03-01 $209,757 (10.5%) $251,089 (1.6%) 0.00 233
    2019-04-01 $235,950 (19.2%) $269,000 (7.5%) 0.00 252
    2019-05-01 $269,000 (40.2%) $275,425 (9.9%) 0.00 243
    2019-06-01 $269,000 (35.2%) $277,551 (3.3%) 0.00 241
    2019-07-01 $222,450 (12.2%) $265,501 (0.1%) 0.00 235
    2019-08-01 $259,364 (33.6%) $274,149 (8.1%) 0.00 237
    2019-09-01 $253,534 (30.4%) $274,662 (11.6%) 0.00 233
    2019-10-01 $249,925 (29.7%) $275,565 (11.8%) 0.00 220
    2019-11-01 $239,000 (25.2%) $270,935 (12.2%) 0.00 218
    2019-12-01 $229,000 (20.0%) $267,609 (14.1%) 0.00 202
    2020-01-01 $230,475 (20.7%) $277,650 (16.2%) 0.00 190
    2020-02-01 $229,000 (17.0%) $289,895 (20.2%) 0.00 174
    2020-03-01 $229,000 (9.2%) $301,219 (20.0%) 0.00 169
    2020-04-01 $229,000 (-3.0%) $298,652 (11.0%) 0.00 159
    2020-05-01 $249,000 (-7.4%) $309,590 (12.4%) 0.00 153
    2020-06-01 $244,475 (-9.1%) $313,106 (12.8%) 0.00 135
    2020-07-01 $234,000 (5.2%) $316,482 (19.2%) 0.00 128
    2020-08-01 $239,000 (-7.9%) $311,355 (13.6%) 0.00 123
    2020-09-01 $239,000 (-5.7%) $304,126 (10.7%) 0.00 131
    2020-10-01 $239,500 (-4.2%) $309,214 (12.2%) 0.00 133
    2020-11-01 $239,250 (0.1%) $311,396 (14.9%) 0.00 110
    2020-12-01 $237,125 (3.6%) $330,873 (23.6%) 0.00 121
    2021-01-01 $224,900 (-2.4%) $293,149 (5.6%) 0.00 114
    2021-02-01 $220,500 (-3.7%) $313,748 (8.2%) 0.00 105
    2021-03-01 $231,725 (1.2%) $307,402 (2.1%) 0.00 80
    2021-04-01 $242,425 (5.9%) $324,947 (8.8%) 0.00 72
    2021-05-01 $250,000 (0.4%) $350,219 (13.1%) 0.00 67
    2021-06-01 $227,050 (-7.1%) $352,408 (12.6%) 0.00 74
    2021-07-01 $212,000 (-9.4%) $352,229 (11.3%) 0.00 69
    2021-08-01 $288,738 (20.8%) $376,519 (20.9%) 0.00 78
    2021-09-01 $260,950 (9.2%) $352,578 (15.9%) 0.00 86
    2021-10-01 $200,500 (-16.3%) $338,054 (9.3%) 0.00 86
    2021-11-01 $176,675 (-26.2%) $297,089 (-4.6%) 0.00 79
    2021-12-01 $180,900 (-23.7%) $285,401 (-13.7%) 0.00 80
    2022-01-01 $229,900 (2.2%) $301,976 (3.0%) 0.00 77
    2022-02-01 $232,925 (5.6%) $311,161 (-0.8%) 0.00 76
    2022-03-01 $237,475 (2.5%) $297,629 (-3.2%) 0.00 76
    2022-04-01 $259,000 (6.8%) $336,897 (3.7%) 0.00 82
    2022-05-01 $261,100 (4.4%) $385,944 (10.2%) 0.00 96
    2022-06-01 $298,225 (31.4%) $411,112 (16.7%) 0.00 110
    2022-07-01 $279,900 (32.0%) $396,758 (12.6%) 0.00 101
    2022-08-01 $282,425 (-2.2%) $380,740 (1.1%) 0.00 96
    2022-09-01 $314,450 (20.5%) $377,771 (7.2%) 0.00 102
    2022-10-01 $338,750 (69.0%) $386,129 (14.2%) 0.00 106
    2022-11-01 $327,350 (85.3%) $374,933 (26.2%) 0.00 92
    2022-12-01 $324,250 (79.2%) $378,301 (32.6%) 0.00 84
    2023-01-01 $299,125 (30.1%) $358,179 (18.6%) 0.00 93
    2023-02-01 $299,250 (28.5%) $357,964 (15.0%) 0.00 82
    2023-03-01 $307,925 (29.7%) $403,256 (35.5%) 0.00 79
    2023-04-01 $299,000 (15.4%) $411,198 (22.1%) 0.00 94
    2023-05-01 $299,000 (14.5%) $434,344 (12.5%) 0.00 85
    2023-06-01 $304,500 (2.1%) $437,189 (6.3%) 0.00 90
    2023-07-01 $249,500 (-10.9%) $387,367 (-2.4%) 0.00 109
    2023-08-01 $275,000 (-2.6%) $397,541 (4.4%) 0.00 109
    2023-09-01 $249,500 (-20.7%) $421,687 (11.6%) 0.00 98
    2023-10-01 $229,900 (-32.1%) $401,230 (3.9%) 0.00 102
    2023-11-01 $235,675 (-28.0%) $425,727 (13.6%) 0.00 102
    2023-12-01 $249,000 (-23.2%) $419,713 (11.0%) 0.00 105
    2024-01-01 $273,425 (-8.6%) $414,258 (15.7%) 0.00 101
    2024-02-01 $296,350 (-1.0%) $443,736 (24.0%) 0.00 114
    2024-03-01 $329,900 (7.1%) $477,814 (18.5%) 0.00 105
    2024-04-01 $334,900 (12.0%) $541,268 (31.6%) 0.00 122
    2024-05-01 $339,900 (13.7%) $598,200 (37.7%) 0.00 123
    2024-06-01 $334,900 (10.0%) $617,997 (41.4%) 0.00 112
    2024-07-01 $323,225 (29.6%) $597,657 (54.3%) 0.00 117
    2024-08-01 $349,900 (27.2%) $623,471 (56.8%) 0.00 124
    2024-09-01 $370,000 (48.3%) $639,304 (51.6%) 0.00 136
    2024-10-01 $381,150 (65.8%) $608,509 (51.7%) 0.00 136
    2024-11-01 $384,900 (63.3%) $612,113 (43.8%) 0.00 134
    2024-12-01 $367,450 (47.6%) $614,864 (46.5%) 0.00 127
    2025-01-01 $344,950 (26.2%) $602,394 (45.4%) 0.00 122
    Milledgeville's median listing price for 2025-01-01 was $344,950, a difference of $71,525 (26.2%) versus the prior year and $-22,500 versus the prior month.

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

    Milledgeville's average listing price for 2025-01-01 was $602,394, a difference of $188,136 (45.4%) versus the prior year and $-12,470 versus the prior month.

    For the 2025-01-01 period, Milledgeville had 122 MLS listings, a difference of -5 listings (-4%) versus the prior month and 21 listings (21%) 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 1,941 sqft
    2018-02-01 0 days 2,089 sqft
    2018-03-01 0 days 2,100 sqft
    2018-04-01 0 days 2,095 sqft
    2018-05-01 0 days 2,056 sqft
    2018-06-01 0 days 2,095 sqft
    2018-07-01 0 days 2,095 sqft
    2018-08-01 0 days 1,973 sqft
    2018-09-01 0 days 1,973 sqft
    2018-10-01 0 days 2,030 sqft
    2018-11-01 0 days 2,047 sqft
    2018-12-01 0 days 2,056 sqft
    2019-01-01 0 days 1,982 sqft
    2019-02-01 0 days 1,946 sqft
    2019-03-01 0 days 2,080 sqft
    2019-04-01 0 days 2,316 sqft
    2019-05-01 0 days 2,324 sqft
    2019-06-01 0 days 2,295 sqft
    2019-07-01 0 days 2,295 sqft
    2019-08-01 0 days 2,281 sqft
    2019-09-01 0 days 2,259 sqft
    2019-10-01 0 days 2,221 sqft
    2019-11-01 0 days 2,128 sqft
    2019-12-01 0 days 2,122 sqft
    2020-01-01 0 days 2,185 sqft
    2020-02-01 0 days 2,200 sqft
    2020-03-01 0 days 2,200 sqft
    2020-04-01 0 days 2,157 sqft
    2020-05-01 0 days 2,150 sqft
    2020-06-01 0 days 2,150 sqft
    2020-07-01 0 days 2,175 sqft
    2020-08-01 0 days 2,286 sqft
    2020-09-01 0 days 2,260 sqft
    2020-10-01 0 days 2,324 sqft
    2020-11-01 0 days 2,286 sqft
    2020-12-01 0 days 2,184 sqft
    2021-01-01 0 days 2,150 sqft
    2021-02-01 0 days 2,128 sqft
    2021-03-01 0 days 2,091 sqft
    2021-04-01 0 days 1,903 sqft
    2021-05-01 0 days 1,776 sqft
    2021-06-01 0 days 1,794 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 2,003 sqft
    2021-09-01 0 days 2,046 sqft
    2021-10-01 0 days 1,927 sqft
    2021-11-01 0 days 1,617 sqft
    2021-12-01 0 days 1,654 sqft
    2022-01-01 0 days 1,776 sqft
    2022-02-01 0 days 1,687 sqft
    2022-03-01 0 days 1,787 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,781 sqft
    2022-06-01 0 days 1,768 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,800 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,916 sqft
    2022-11-01 0 days 1,980 sqft
    2022-12-01 0 days 2,024 sqft
    2023-01-01 0 days 1,916 sqft
    2023-02-01 0 days 1,848 sqft
    2023-03-01 0 days 1,968 sqft
    2023-04-01 0 days 1,788 sqft
    2023-05-01 0 days 1,814 sqft
    2023-06-01 0 days 1,678 sqft
    2023-07-01 0 days 1,597 sqft
    2023-08-01 0 days 1,719 sqft
    2023-09-01 0 days 1,701 sqft
    2023-10-01 0 days 1,599 sqft
    2023-11-01 0 days 1,785 sqft
    2023-12-01 0 days 1,760 sqft
    2024-01-01 0 days 1,791 sqft
    2024-02-01 0 days 2,014 sqft
    2024-03-01 0 days 2,071 sqft
    2024-04-01 0 days 1,985 sqft
    2024-05-01 0 days 2,036 sqft
    2024-06-01 0 days 2,010 sqft
    2024-07-01 0 days 1,977 sqft
    2024-08-01 0 days 2,011 sqft
    2024-09-01 0 days 2,086 sqft
    2024-10-01 0 days 2,108 sqft
    2024-11-01 0 days 2,200 sqft
    2024-12-01 0 days 2,095 sqft
    2025-01-01 0 days 2,091 sqft
    Milledgeville's median listing age (time on market) for 2025-01-01 was 0 days.

    Milledgeville's median square footage for active listings during the 2025-01-01 period was 2,091 sqft. One year prior, the average listing was 1,791 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.