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.