Mobile VA Loan Rates, Closing Costs & Stats
MOBILE, AL
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
0.26%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Mobile's average VA mortgage closing costs are $5,127.
The average rate for the prior week (2025-06-13) was
6.6% and
one month ago for the week of 2025-05-16, the
average rate was 6.56%.
The average rate one year ago was 6.46%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.01%.
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%).
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.