Mobile VA Loan Rates, Closing Costs & Stats

MOBILE, AL

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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.

    Mobile's 101 lenders originated 831 VA loans during 2024. The total origination value was $221,395,000, with an average VA loan value of $266,420.

    Mobile VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mobile averaged 6.42% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Mobile's average VA mortgage closing costs are $5,127.

    The average rate for the prior week (2025-03-28) was 6.24% and one month ago for the week of 2025-02-28, the average rate was 6.21%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.25%.

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

    Mobile 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 Mobile level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 135 6.49% $3,736
    DHI MORTGAGE COMPANY, LTD. 68 4.83% $4,720
    QUICKEN LOANS, LLC 58 6.06% $8,648
    UNITED WHOLESALE MORTGAGE, LLC 53 5.83% $7,165
    FREEDOM MORTGAGE CORPORATION 34 6.22% $7,559
    NAVY FEDERAL CREDIT UNION 27 5.91% $4,281
    PENNYMAC LOAN SERVICES, LLC 19 5.57% $5,982
    NEW DAY FINANCIAL, LLC 17 7.74% $8,372
    MORTGAGE SOLUTIONS OF COLORADO, LLC 17 6.93% $3,225
    Trustmark National Bank 16 6.27% $3,791
    GMFS LLC 16 6.55% $5,257
    EMBRACE HOME LOANS, INC. 14 6.51% $5,234
    USAA Federal Savings Bank 14 6.19% $7,150
    TOWNE MORTGAGE COMPANY 13 6.28% $11,928
    VILLAGE CAPITAL MORTGAGE 13 5.64% $6,629
    NEWREZ LLC 10 6.09% $4,866
    SWBC MORTGAGE CORPORATION 9 6.36% $6,360
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.40% $7,683
    LOANDEPOT.COM, LLC 8 6.25% $11,171
    STOCKTON MORTGAGE CORPORATION 8 6.66% $7,535
    Paramount Residential Mortgage Group, Inc. 8 6.03% $3,859
    Renasant Bank 7 6.34% $4,902
    BROKER SOLUTIONS, INC. 7 6.46% $6,534
    UNION HOME MORTGAGE CORP. 7 6.29% $7,156
    Hancock Whitney Bank 6 6.06% $6,140
    Barrington Bank & Trust Company, N.A. 6 6.58% $5,212
    CLEARPATH LENDING 6 5.73% $3,454
    Princeton Mortgage Corporation 6 6.31% $6,266
    Plains Commerce Bank 6 6.54% $7,155
    CROSSCOUNTRY MORTGAGE, LLC 6 6.60% $7,079
    FirstBank 6 6.40% $3,111
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.46% $8,140
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.43% $4,495
    MOVEMENT MORTGAGE, LLC 5 6.65% $8,547
    LOANPAL, LLC 4 5.72% $14,025
    Mr. Cooper ( Nationstar Mortgage ) 4 6.41% $4,325
    PENTAGON FEDERAL CREDIT UNION 4 5.72% $7,713
    BankPlus 4 6.16% $6,909
    CARDINAL FINANCIAL 4 6.19% $8,823
    Equity Prime Mortgage LLC 3 6.46% $5,264
    American Mortgage Bank, LLC 3 5.67% $4,569
    Armed Forces Bank 3 6.42% $9,788
    FBC MORTGAGE, LLC 3 3.99% $1,742
    Flagstar Bank, FSB 3 6.58% $4,565
    JMAC LENDING, INC. 3 6.13% $5,656
    KEESLER 3 5.88% $3,126
    Mid-Continent Funding, Inc. 3 6.62% $7,847
    PLANET HOME LENDING, LLC 3 6.12% $4,604
    Presidential Bank, FSB 3 6.58% $6,159
    Prosperity Home Mortgage, LLC 3 5.83% $7,634
    Regions Bank 3 6.38% $5,293
    STAUNTON FINANCIAL, INC. 3 6.54% $11,724
    SUN WEST MORTGAGE COMPANY, INC. 3 6.63% $7,518
    The Federal Savings Bank 3 6.42% $11,134
    Truist 3 5.71% $10,897
    Tyndall Federal Credit Union 3 6.17% $5,528
    City National Bank of Florida 2 5.87% $3,853
    NORWICH COMMERCIAL GROUP, INC. 2 6.25% $2,239
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $8,178
    NFM, INC. 2 6.56% $6,384
    PHH Mortgage Corporation 2 5.74% $6,182
    Bank of England 2 6.81% $4,225
    JPMorgan Chase Bank 2 6.75% $6,866
    North American Savings Bank, F.S.B. 2 6.19% $7,461
    Lakeview Community Capital, LLC 2 5.44% $4,681
    LAKEVIEW LOAN SERVICING, LLC 2 5.88% $7,352
    Carrington Mortgage Services, LLC 2 5.81% $5,998
    Wells Fargo Bank 2 6.44% $6,368
    NBKC BANK 2 5.94% $11,706
    AmeriHome Mortgage Company, LLC 2 6.38% $3,537
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.75% $1,887
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 7.00% $3,865
    GUARANTEED RATE, INC. 2 6.88% $5,738
    CMG MORTGAGE, INC. 1 8.75% $3,540
    RADIUS FINANCIAL GROUP INC. 1 6.75% $6,336
    RELIANCE FIRST CAPITAL, LLC 1 7.00% $8,332
    ROYAL UNITED MORTGAGE LLC 1 7.25% $18,260
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $1,289
    BELEM SERVICING LLC 1 5.99% $5,982
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $10,659
    Century Mortgage Company DBA Century Lending Company 1 5.75% $5,953
    LEADERONE FINANCIAL CORPORATION 1 6.75% $5,777
    HOMETRUST MORTGAGE COMPANY 1 6.25% $215
    HomePromise Corporation 1 7.50% $800
    GUILD MORTGAGE COMPANY 1 6.63% $1,405
    M&T Bank 1 6.00% $6,149
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $3,190
    First Federal Bank, A FSB 1 6.25% $4,980
    First Federal Bank 1 6.25% $0
    FIRST COMMUNITY MORTGAGE, INC. 1 6.49% $5,787
    Northpointe Bank 1 6.13% $11,117
    OPEN MORTGAGE, LLC 1 7.75% $857
    Farmers Bank & Trust 1 6.38% $13,060
    Pen Air Federal Credit Union 1 6.63% $5,490
    EVERETT FINANCIAL, INC. 1 7.63% $7,123
    Academy Bank 1 6.63% $10,513
    CORNERSTONE HOME LENDING, INC. 1 7.63% $75
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $5,694
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $5,851
    Community Bank of Mississippi 1 6.25% $10,597
    CANOPY MORTGAGE, LLC 1 6.75% $13,097

    The top Mobile VA lender as defined by loan originations is Mortgage Research Center, LLC, with 135 VA loans originated. Their average total fees are $3,736, which is $984 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Mobile VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,225), Mortgage Research Center, LLC ($3,736), Trustmark National Bank ($3,791), NAVY FEDERAL CREDIT UNION ($4,281) and DHI MORTGAGE COMPANY, LTD. ($4,720).

    The lowest rate Mobile VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.83%), PENNYMAC LOAN SERVICES, LLC (5.57%), VILLAGE CAPITAL MORTGAGE (5.64%), UNITED WHOLESALE MORTGAGE, LLC (5.83%) and NAVY FEDERAL CREDIT UNION (5.91%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mobile (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 $159,900 (6.7%) $214,773 (7.8%) 0.59 1,631
    2018-02-01 $162,540 (7.6%) $215,832 (6.1%) 0.59 1,656
    2018-03-01 $169,179 (7.7%) $221,236 (6.9%) 0.59 1,684
    2018-04-01 $169,700 (4.4%) $227,018 (6.5%) 0.58 1,656
    2018-05-01 $170,269 (6.5%) $262,993 (23.2%) 0.57 1,632
    2018-06-01 $174,900 (6.0%) $237,835 (9.0%) 0.58 1,636
    2018-07-01 $169,950 (1.2%) $235,718 (9.0%) 0.57 1,657
    2018-08-01 $169,700 (-0.1%) $235,075 (7.6%) 0.57 1,636
    2018-09-01 $164,900 (-0.7%) $230,569 (6.0%) 0.55 1,633
    2018-10-01 $165,450 (3.2%) $229,615 (5.8%) 0.56 1,639
    2018-11-01 $165,000 (3.1%) $228,479 (5.6%) 0.56 1,591
    2018-12-01 $162,900 (1.9%) $226,055 (3.9%) 0.56 1,518
    2019-01-01 $159,900 (0.0%) $225,404 (5.0%) 0.55 1,458
    2019-02-01 $159,950 (-1.6%) $225,242 (4.4%) 0.54 1,438
    2019-03-01 $165,918 (-1.9%) $234,469 (6.0%) 0.54 1,460
    2019-04-01 $169,900 (0.1%) $241,871 (6.5%) 0.54 1,504
    2019-05-01 $169,950 (-0.2%) $239,535 (-8.9%) 0.53 1,533
    2019-06-01 $179,900 (2.9%) $245,897 (3.4%) 0.56 1,527
    2019-07-01 $179,900 (5.9%) $246,320 (4.5%) 0.56 1,515
    2019-08-01 $180,964 (6.6%) $243,557 (3.6%) 0.57 1,515
    2019-09-01 $182,559 (10.7%) $244,028 (5.8%) 0.58 1,502
    2019-10-01 $184,350 (11.4%) $244,342 (6.4%) 0.59 1,477
    2019-11-01 $179,900 (9.0%) $242,866 (6.3%) 0.59 1,404
    2019-12-01 $178,900 (9.8%) $234,130 (3.6%) 0.60 1,360
    2020-01-01 $176,544 (10.4%) $232,896 (3.3%) 0.59 1,269
    2020-02-01 $180,000 (12.5%) $237,852 (5.6%) 0.59 1,229
    2020-03-01 $188,750 (13.8%) $243,050 (3.7%) 0.59 1,201
    2020-04-01 $189,450 (11.5%) $245,623 (1.6%) 0.59 1,189
    2020-05-01 $199,209 (17.2%) $261,286 (9.1%) 0.61 1,059
    2020-06-01 $208,725 (16.0%) $272,842 (11.0%) 0.61 959
    2020-07-01 $209,450 (16.4%) $277,800 (12.8%) 0.61 825
    2020-08-01 $209,000 (15.5%) $276,825 (13.7%) 0.60 773
    2020-09-01 $214,440 (17.5%) $286,362 (17.4%) 0.61 756
    2020-10-01 $215,000 (16.6%) $290,731 (19.0%) 0.62 715
    2020-11-01 $209,950 (16.7%) $288,431 (18.8%) 0.61 694
    2020-12-01 $209,000 (16.8%) $281,710 (20.3%) 0.62 699
    2021-01-01 $210,240 (19.1%) $279,629 (20.1%) 0.63 624
    2021-02-01 $212,050 (17.8%) $291,881 (22.7%) 0.62 504
    2021-03-01 $209,057 (10.8%) $288,723 (18.8%) 0.59 500
    2021-04-01 $206,999 (9.3%) $280,287 (14.1%) 0.56 513
    2021-05-01 $199,900 (0.4%) $291,503 (11.6%) 0.53 517
    2021-06-01 $209,450 (0.4%) $288,971 (5.9%) 0.55 557
    2021-07-01 $209,950 (0.2%) $283,443 (2.0%) 0.55 634
    2021-08-01 $202,063 (-3.3%) $276,729 (0.0%) 0.54 779
    2021-09-01 $199,925 (-6.8%) $280,005 (-2.2%) 0.53 750
    2021-10-01 $199,225 (-7.3%) $288,371 (-0.8%) 0.53 727
    2021-11-01 $196,600 (-6.4%) $274,659 (-4.8%) 0.53 687
    2021-12-01 $199,950 (-4.3%) $271,763 (-3.5%) 0.54 688
    2022-01-01 $199,925 (-4.9%) $279,853 (0.1%) 0.54 604
    2022-02-01 $200,110 (-5.6%) $277,151 (-5.1%) 0.52 522
    2022-03-01 $224,700 (7.5%) $292,593 (1.3%) 0.56 492
    2022-04-01 $239,640 (15.8%) $304,859 (8.8%) 0.57 505
    2022-05-01 $257,638 (28.9%) $310,871 (6.6%) 0.59 625
    2022-06-01 $242,127 (15.6%) $301,210 (4.2%) 0.54 704
    2022-07-01 $244,950 (16.7%) $297,042 (4.8%) 0.55 751
    2022-08-01 $249,000 (23.2%) $305,067 (10.2%) 0.58 766
    2022-09-01 $249,500 (24.8%) $308,347 (10.1%) 0.58 740
    2022-10-01 $249,264 (25.1%) $312,039 (8.2%) 0.59 774
    2022-11-01 $248,950 (26.6%) $313,598 (14.2%) 0.60 815
    2022-12-01 $240,000 (20.0%) $308,411 (13.5%) 0.59 786
    2023-01-01 $239,838 (20.0%) $313,277 (11.9%) 0.59 718
    2023-02-01 $239,800 (19.8%) $314,702 (13.6%) 0.58 656
    2023-03-01 $237,488 (5.7%) $312,378 (6.8%) 0.56 663
    2023-04-01 $250,000 (4.3%) $322,328 (5.7%) 0.58 677
    2023-05-01 $256,488 (-0.5%) $330,293 (6.3%) 0.58 682
    2023-06-01 $262,500 (8.4%) $336,854 (11.8%) 0.59 680
    2023-07-01 $260,000 (6.1%) $337,311 (13.6%) 0.59 739
    2023-08-01 $255,000 (2.4%) $328,271 (7.6%) 0.59 794
    2023-09-01 $255,265 (2.3%) $328,468 (6.5%) 0.59 852
    2023-10-01 $250,000 (0.3%) $336,462 (7.8%) 0.59 937
    2023-11-01 $249,900 (0.4%) $331,352 (5.7%) 0.60 1,010
    2023-12-01 $249,900 (4.1%) $328,605 (6.6%) 0.61 1,024
    2024-01-01 $249,516 (4.0%) $320,186 (2.2%) 0.61 985
    2024-02-01 $249,900 (4.2%) $323,457 (2.8%) 0.60 1,007
    2024-03-01 $259,000 (9.1%) $340,414 (9.0%) 0.61 985
    2024-04-01 $259,700 (3.9%) $343,742 (6.6%) 0.60 1,022
    2024-05-01 $267,425 (4.3%) $358,339 (8.5%) 0.61 1,065
    2024-06-01 $269,145 (2.5%) $354,718 (5.3%) 0.61 1,144
    2024-07-01 $257,425 (-1.0%) $343,652 (1.9%) 0.59 1,214
    2024-08-01 $260,000 (2.0%) $343,358 (4.6%) 0.60 1,262
    2024-09-01 $266,950 (4.6%) $349,972 (6.6%) 0.63 1,315
    2024-10-01 $270,000 (8.0%) $355,932 (5.8%) 0.64 1,337
    2024-11-01 $269,950 (8.0%) $348,154 (5.1%) 0.65 1,363
    2024-12-01 $269,450 (7.8%) $348,574 (6.1%) 0.67 1,286
    2025-01-01 $264,538 (6.0%) $345,334 (7.9%) 0.66 1,230
    2025-02-01 $260,000 (4.0%) $340,242 (5.2%) 0.63 1,276
    2025-03-01 $265,000 (2.3%) $344,537 (1.2%) 0.00 1,298
    Mobile's median listing price for 2025-03-01 was $265,000, a difference of $6,000 (2.3%) versus the prior year and $5,000 versus the prior month.

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

    Mobile's average listing price for 2025-03-01 was $344,537, a difference of $4,123 (1.2%) versus the prior year and $4,295 versus the prior month.

    For the 2025-03-01 period, Mobile had 1,298 MLS listings, a difference of 22 listings (2%) versus the prior month and 313 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mobile (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 94 days 1,809 sqft
    2018-02-01 89 days 1,824 sqft
    2018-03-01 60 days 1,856 sqft
    2018-04-01 59 days 1,865 sqft
    2018-05-01 64 days 1,906 sqft
    2018-06-01 67 days 1,929 sqft
    2018-07-01 71 days 1,906 sqft
    2018-08-01 68 days 1,894 sqft
    2018-09-01 72 days 1,866 sqft
    2018-10-01 75 days 1,857 sqft
    2018-11-01 79 days 1,827 sqft
    2018-12-01 85 days 1,802 sqft
    2019-01-01 85 days 1,771 sqft
    2019-02-01 81 days 1,783 sqft
    2019-03-01 71 days 1,811 sqft
    2019-04-01 59 days 1,825 sqft
    2019-05-01 57 days 1,843 sqft
    2019-06-01 61 days 1,912 sqft
    2019-07-01 64 days 1,900 sqft
    2019-08-01 66 days 1,897 sqft
    2019-09-01 66 days 1,892 sqft
    2019-10-01 68 days 1,892 sqft
    2019-11-01 72 days 1,887 sqft
    2019-12-01 78 days 1,864 sqft
    2020-01-01 79 days 1,845 sqft
    2020-02-01 68 days 1,900 sqft
    2020-03-01 54 days 1,909 sqft
    2020-04-01 58 days 1,893 sqft
    2020-05-01 61 days 1,930 sqft
    2020-06-01 57 days 1,950 sqft
    2020-07-01 52 days 1,975 sqft
    2020-08-01 46 days 2,000 sqft
    2020-09-01 42 days 1,995 sqft
    2020-10-01 52 days 2,017 sqft
    2020-11-01 49 days 1,994 sqft
    2020-12-01 52 days 1,947 sqft
    2021-01-01 57 days 1,928 sqft
    2021-02-01 45 days 1,919 sqft
    2021-03-01 29 days 1,877 sqft
    2021-04-01 27 days 1,805 sqft
    2021-05-01 24 days 1,803 sqft
    2021-06-01 26 days 1,824 sqft
    2021-07-01 26 days 1,789 sqft
    2021-08-01 29 days 1,734 sqft
    2021-09-01 39 days 1,730 sqft
    2021-10-01 43 days 1,717 sqft
    2021-11-01 41 days 1,712 sqft
    2021-12-01 43 days 1,724 sqft
    2022-01-01 45 days 1,754 sqft
    2022-02-01 36 days 1,746 sqft
    2022-03-01 26 days 1,799 sqft
    2022-04-01 28 days 1,792 sqft
    2022-05-01 26 days 1,824 sqft
    2022-06-01 30 days 1,779 sqft
    2022-07-01 39 days 1,823 sqft
    2022-08-01 42 days 1,858 sqft
    2022-09-01 47 days 1,882 sqft
    2022-10-01 46 days 1,890 sqft
    2022-11-01 52 days 1,873 sqft
    2022-12-01 60 days 1,828 sqft
    2023-01-01 67 days 1,797 sqft
    2023-02-01 58 days 1,805 sqft
    2023-03-01 44 days 1,736 sqft
    2023-04-01 40 days 1,838 sqft
    2023-05-01 40 days 1,823 sqft
    2023-06-01 44 days 1,849 sqft
    2023-07-01 40 days 1,838 sqft
    2023-08-01 40 days 1,812 sqft
    2023-09-01 44 days 1,837 sqft
    2023-10-01 45 days 1,826 sqft
    2023-11-01 50 days 1,820 sqft
    2023-12-01 59 days 1,812 sqft
    2024-01-01 66 days 1,779 sqft
    2024-02-01 63 days 1,779 sqft
    2024-03-01 47 days 1,787 sqft
    2024-04-01 46 days 1,792 sqft
    2024-05-01 47 days 1,813 sqft
    2024-06-01 49 days 1,814 sqft
    2024-07-01 52 days 1,791 sqft
    2024-08-01 59 days 1,791 sqft
    2024-09-01 59 days 1,800 sqft
    2024-10-01 64 days 1,830 sqft
    2024-11-01 68 days 1,840 sqft
    2024-12-01 75 days 1,830 sqft
    2025-01-01 82 days 1,804 sqft
    2025-02-01 76 days 1,788 sqft
    2025-03-01 0 days 1,790 sqft
    Mobile's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Mobile's median square footage for active listings during the 2025-03-01 period was 1,790 sqft. One year prior, the average listing was 1,787 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.