Montgomery VA Loan Rates, Closing Costs & Stats

MONTGOMERY, 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.

Montgomery's 104 lenders originated 1,408 VA loans during 2024. The total origination value was $434,990,000, with an average VA loan value of $308,942.

Montgomery VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Montgomery averaged 0.45% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Montgomery's average VA mortgage closing costs are $5,602.

The average rate for the prior week (2025-06-13) was 6.89% and one month ago for the week of 2025-05-16, the average rate was 6.75%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.44%.

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

Montgomery 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 Montgomery level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 182 6.44% $4,506
UNITED WHOLESALE MORTGAGE, LLC 113 6.03% $6,900
GUILD MORTGAGE COMPANY 106 6.20% $10,598
QUICKEN LOANS, LLC 70 6.12% $9,573
CROSSCOUNTRY MORTGAGE, LLC 65 6.18% $5,546
Trustmark National Bank 65 6.28% $5,968
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 61 6.48% $5,872
Renasant Bank 57 6.08% $10,514
NAVY FEDERAL CREDIT UNION 48 5.88% $5,786
FREEDOM MORTGAGE CORPORATION 43 6.17% $8,447
NEWREZ LLC 42 6.01% $9,000
MOVEMENT MORTGAGE, LLC 42 6.30% $8,357
PENNYMAC LOAN SERVICES, LLC 33 5.75% $5,775
NEW DAY FINANCIAL, LLC 33 7.60% $11,495
USAA Federal Savings Bank 32 6.05% $8,524
DHI MORTGAGE COMPANY, LTD. 29 5.05% $4,899
Mr. Cooper ( Nationstar Mortgage ) 21 6.22% $7,775
VILLAGE CAPITAL MORTGAGE 20 5.77% $6,663
LOANDEPOT.COM, LLC 17 6.38% $9,833
MORTGAGE SOLUTIONS OF COLORADO, LLC 17 7.11% $4,282
UNION HOME MORTGAGE CORP. 15 6.36% $9,105
CMG MORTGAGE, INC. 13 6.40% $8,802
GMFS LLC 13 6.24% $4,421
LAKEVIEW LOAN SERVICING, LLC 9 5.92% $5,641
BROKER SOLUTIONS, INC. 8 6.64% $14,610
Carrington Mortgage Services, LLC 6 6.40% $6,466
SouthPoint Bank 6 6.25% $8,433
STOCKTON MORTGAGE CORPORATION 6 4.40% $9,747
TOWNE MORTGAGE COMPANY 6 6.38% $8,242
GUARANTEED RATE, INC. 6 5.57% $7,455
Mid-Continent Funding, Inc. 6 6.41% $5,229
First Federal Bank 5 6.40% $7,286
NBKC BANK 5 6.05% $8,916
CLEARPATH LENDING 5 5.80% $5,745
Flagstar Bank, FSB 5 6.12% $7,793
Barrington Bank & Trust Company, N.A. 5 6.85% $7,896
AmeriHome Mortgage Company, LLC 5 6.20% $4,420
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.00% $6,824
AMERICAN FINANCIAL RESOURCES, INC. 4 6.31% $7,946
PENTAGON FEDERAL CREDIT UNION 4 6.19% $6,516
Regions Bank 4 6.28% $9,416
ACOPIA, LLC 3 6.21% $9,108
FirstBank 3 6.04% $13,354
FIRST COMMUNITY MORTGAGE, INC. 3 7.08% $7,983
Armed Forces Bank 3 6.50% $7,715
South State Bank 3 6.54% $14,621
GoPrime Mortgage, Inc. 3 6.58% $7,348
VANDERBILT MORTGAGE AND FINANCE, INC. 3 4.91% $12,567
Magnolia Bank 3 5.63% $10,595
The Federal Savings Bank 3 6.58% $15,130
Wells Fargo Bank 2 5.81% $3,893
AMERICAN FINANCIAL NETWORK, INC. 2 6.75% $7,450
American Mortgage & Equity Consultants, Inc. 2 6.19% $5,117
GUARANTEED RATE AFFINITY, LLC 2 5.90% $6,387
Lakeview Community Capital, LLC 2 5.75% $4,027
LOANPAL, LLC 2 6.75% $7,618
MILEND, INC. 2 6.25% $16,023
Paramount Residential Mortgage Group, Inc. 2 6.12% $17,400
PLANET HOME LENDING, LLC 2 5.99% $11,219
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $1,725
RELIANCE FIRST CAPITAL, LLC 2 6.00% $9,682
Stride Bank 2 6.50% $3,910
Synovus Bank 2 6.50% $6,984
The Loan Store, Inc. 2 5.87% $17,041
TJC Mortgage, Inc. 2 5.38% $6,182
HomePromise Corporation 1 7.13% $600
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.99% $1,682
FLAT BRANCH MORTGAGE, INC. 1 6.13% $14,534
NFM, INC. 1 5.50% $5,856
Arvest Bank 1 6.50% $1,508
Equity Prime Mortgage LLC 1 8.25% $6,631
DELMAR FINANCIAL COMPANY 1 6.63% $6,120
PHH Mortgage Corporation 1 5.63% $5,726
AMERISAVE MORTGAGE CORPORATION 1 5.13% $9,509
POLARIS HOME FUNDING CORP. 1 6.75% $9,612
PREMIER LENDING, INC. 1 6.25% $4,410
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $9,287
Prosperity Home Mortgage, LLC 1 6.50% $7,993
Credence Funding Corporation 1 5.50% $7,260
Cornerstone First Mortgage, Inc 1 7.00% $6,189
U.S. Bank 1 6.63% $10,741
Consumer First Mortgage, Inc. 1 6.75% $5,714
ROYAL UNITED MORTGAGE LLC 1 6.25% $12,790
Century Mortgage Company DBA Century Lending Company 1 5.75% $14,260
CARDINAL FINANCIAL 1 6.50% $10,732
Capital City Home Loans, LLC 1 6.63% $7,478
Valley National Bank 1 5.99% $2,975
AMERICAN INTERNET MORTGAGE, INC. 1 5.75% $9,711
TEXAS TECH 1 6.50% $9,466
CANOPY MORTGAGE, LLC 1 6.25% $10,493
ALLIED MORTGAGE GROUP, INC. 1 5.75% $7,272
ALLIANT CREDIT UNION 1 5.63% $9,066
BankPlus 1 6.38% $9,776
TRISTAR FINANCE, INC. 1 5.99% $9,469
Bank Five Nine 1 6.63% $4,223
Tyndall Federal Credit Union 1 5.50% $4,000
MORIA DEVELOPMENT, INC. 1 5.75% $22,598
MICHIGAN MUTUAL, INC. 1 6.75% $696
KEESLER 1 5.63% $8,788
JPMorgan Chase Bank 1 6.25% $4,075
M&T Bank 1 5.25% $2,620
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $16,311
Nations Lending Corporation 1 6.75% $1,178
HOMESIDE FINANCIAL, LLC 1 6.00% $7,214

The top Montgomery VA lender as defined by loan originations is Mortgage Research Center, LLC, with 182 VA loans originated. Their average total fees are $4,506, which is $2,394 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Montgomery VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,282), GMFS LLC ($4,421), Mortgage Research Center, LLC ($4,506), DHI MORTGAGE COMPANY, LTD. ($4,899) and CROSSCOUNTRY MORTGAGE, LLC ($5,546).

The lowest rate Montgomery VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.05%), PENNYMAC LOAN SERVICES, LLC (5.75%), VILLAGE CAPITAL MORTGAGE (5.77%), NAVY FEDERAL CREDIT UNION (5.88%) and NEWREZ LLC (6.01%).

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.