Rome VA Loan Rates, Closing Costs & Stats

ROME, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Rome's 45 lenders originated 112 VA loans during 2023. The total origination value was $29,580,000, with an average VA loan value of $264,107.

    Rome VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Rome averaged 6.46% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Rome's average VA mortgage closing costs are $5,306.

    The average rate for the prior week (2024-11-01) was 6.71% and one month ago for the week of 2024-10-04, the average rate was 5.94%.

    The average rate one year ago was 7.7%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.76%.

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

    Rome 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 Rome level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.82% $5,158
    Synovus Bank 7 5.80% $10,314
    USAA Federal Savings Bank 5 6.33% $6,291
    QUICKEN LOANS, LLC 5 6.24% $6,859
    Ameris Bank 4 6.19% $5,388
    NEW DAY FINANCIAL, LLC 4 7.21% $10,331
    HOMESTAR FINANCIAL CORPORATION 4 6.63% $8,296
    BANKSOUTH MORTGAGE COMPANY, LLC 4 6.00% $9,200
    UNITED WHOLESALE MORTGAGE, LLC 4 6.88% $5,149
    NAVY FEDERAL CREDIT UNION 4 5.69% $2,613
    PENNYMAC LOAN SERVICES, LLC 3 6.08% $7,657
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.75% $325
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.94% $9,406
    CANOPY MORTGAGE, LLC 2 7.13% $16,087
    Barrington Bank & Trust Company, N.A. 2 6.75% $4,961
    FREEDOM MORTGAGE CORPORATION 2 6.69% $25,975
    GUARANTEED RATE, INC. 2 6.88% $4,358
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $21,171
    NEWREZ LLC 1 6.75% $9,056
    NFM, INC. 1 7.38% $4,311
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $3,132
    PLANET HOME LENDING, LLC 1 5.38% $6,258
    Prosperity Home Mortgage, LLC 1 6.99% $2,802
    STOCKTON MORTGAGE CORPORATION 1 6.25% $14,266
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $7,259
    SWBC MORTGAGE CORPORATION 1 6.00% $4,828
    The Federal Savings Bank 1 6.25% $17,507
    Alcova Mortgage LLC 1 6.13% $9,440
    VILLAGE CAPITAL MORTGAGE 1 5.25% $6,717
    AMERICAN FINANCIAL NETWORK, INC. 1 7.88% $1,757
    American Mortgage & Equity Consultants, Inc. 1 7.25% $8,521
    BROKER SOLUTIONS, INC. 1 5.75% $10,203
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $4,943
    DAS Acquisition Company, LLC 1 6.63% $4,200
    EMM LOANS LLC 1 6.00% $10,541
    Equity Prime Mortgage LLC 1 7.75% $4,026
    FirstBank 1 6.00% $9,617
    First Federal Bank 1 6.25% $12,468
    GUILD MORTGAGE COMPANY 1 6.13% $18,609
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $2,207
    ISERVE RESIDENTIAL LENDING, LLC 1 6.63% $32,486
    JPMorgan Chase Bank 1 5.75% $2,959
    Magnolia Bank 1 6.13% $4,965
    Meridian Bank Corporation 1 6.13% $13,904
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $11,079

    The top Rome VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $5,158, which is $5,157 lower than the next largest lender, Synovus Bank.

    The lowest fee Rome VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,158), .

    The lowest rate Rome VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.82%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Rome (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 $179,700 (15.5%) $243,993 (5.7%) 0.00 320
    2018-02-01 $170,575 (12.9%) $229,231 (5.2%) 0.00 326
    2018-03-01 $175,000 (16.7%) $233,905 (5.9%) 0.00 339
    2018-04-01 $179,900 (13.9%) $249,023 (8.9%) 0.00 362
    2018-05-01 $189,500 (18.5%) $260,546 (11.6%) 0.00 353
    2018-06-01 $199,000 (18.5%) $268,334 (13.5%) 0.00 353
    2018-07-01 $192,350 (16.7%) $264,456 (13.6%) 0.00 381
    2018-08-01 $177,400 (4.4%) $255,653 (7.2%) 0.00 427
    2018-09-01 $174,950 (3.0%) $264,159 (11.8%) 0.00 402
    2018-10-01 $159,683 (-8.7%) $240,117 (-1.9%) 0.00 447
    2018-11-01 $164,900 (-5.8%) $242,640 (0.0%) 0.00 459
    2018-12-01 $160,000 (-8.5%) $244,447 (1.8%) 0.00 440
    2019-01-01 $158,563 (-11.8%) $246,323 (1.0%) 0.00 399
    2019-02-01 $169,900 (-0.4%) $274,795 (19.9%) 0.00 385
    2019-03-01 $175,614 (0.4%) $281,539 (20.4%) 0.00 376
    2019-04-01 $171,264 (-4.8%) $277,041 (11.3%) 0.00 405
    2019-05-01 $187,425 (-1.1%) $290,157 (11.4%) 0.00 416
    2019-06-01 $189,900 (-4.6%) $275,752 (2.8%) 0.00 431
    2019-07-01 $195,279 (1.5%) $277,182 (4.8%) 0.00 443
    2019-08-01 $207,950 (17.2%) $279,353 (9.3%) 0.00 433
    2019-09-01 $209,075 (19.5%) $278,034 (5.3%) 0.00 413
    2019-10-01 $217,325 (36.1%) $286,841 (19.5%) 0.00 382
    2019-11-01 $219,900 (33.4%) $290,946 (19.9%) 0.00 344
    2019-12-01 $219,900 (37.4%) $287,387 (17.6%) 0.00 348
    2020-01-01 $219,675 (38.5%) $283,184 (15.0%) 0.00 308
    2020-02-01 $232,500 (36.9%) $289,491 (5.4%) 0.00 317
    2020-03-01 $230,750 (31.4%) $284,290 (1.0%) 0.00 307
    2020-04-01 $222,200 (29.7%) $288,409 (4.1%) 0.00 307
    2020-05-01 $239,900 (28.0%) $307,120 (5.9%) 0.00 286
    2020-06-01 $248,200 (30.7%) $312,405 (13.3%) 0.00 254
    2020-07-01 $245,925 (25.9%) $318,620 (15.0%) 0.00 229
    2020-08-01 $246,950 (18.8%) $334,284 (19.7%) 0.00 219
    2020-09-01 $234,950 (12.4%) $307,416 (10.6%) 0.00 221
    2020-10-01 $219,950 (1.2%) $288,505 (0.6%) 0.00 218
    2020-11-01 $220,000 (0.1%) $287,644 (-1.1%) 0.00 207
    2020-12-01 $231,200 (5.1%) $299,369 (4.2%) 0.00 194
    2021-01-01 $231,200 (5.3%) $319,735 (12.9%) 0.00 162
    2021-02-01 $237,000 (1.9%) $341,119 (17.8%) 0.00 148
    2021-03-01 $245,875 (6.6%) $342,749 (20.6%) 0.00 133
    2021-04-01 $240,425 (8.2%) $339,622 (17.8%) 0.00 119
    2021-05-01 $249,450 (4.0%) $370,879 (20.8%) 0.00 121
    2021-06-01 $244,631 (-1.4%) $359,343 (15.0%) 0.00 158
    2021-07-01 $234,900 (-4.5%) $344,706 (8.2%) 0.00 172
    2021-08-01 $217,400 (-12.0%) $319,712 (-4.4%) 0.00 184
    2021-09-01 $212,175 (-9.7%) $321,896 (4.7%) 0.00 165
    2021-10-01 $210,000 (-4.5%) $319,739 (10.8%) 0.00 163
    2021-11-01 $200,000 (-9.1%) $333,201 (15.8%) 0.00 155
    2021-12-01 $226,200 (-2.2%) $339,259 (13.3%) 0.00 141
    2022-01-01 $234,900 (1.6%) $369,939 (15.7%) 0.00 109
    2022-02-01 $244,675 (3.2%) $381,733 (11.9%) 0.00 114
    2022-03-01 $241,750 (-1.7%) $361,541 (5.5%) 0.00 138
    2022-04-01 $249,000 (3.6%) $353,260 (4.0%) 0.00 141
    2022-05-01 $247,528 (-0.8%) $337,838 (-8.9%) 0.00 168
    2022-06-01 $250,000 (2.2%) $373,231 (3.9%) 0.00 170
    2022-07-01 $257,900 (9.8%) $366,431 (6.3%) 0.00 195
    2022-08-01 $251,200 (15.6%) $364,409 (14.0%) 0.00 191
    2022-09-01 $259,450 (22.3%) $370,306 (15.0%) 0.00 189
    2022-10-01 $243,750 (16.1%) $339,233 (6.1%) 0.00 210
    2022-11-01 $239,500 (19.8%) $344,146 (3.3%) 0.00 219
    2022-12-01 $242,475 (7.2%) $342,854 (1.1%) 0.00 200
    2023-01-01 $244,912 (4.3%) $330,321 (-10.7%) 0.00 195
    2023-02-01 $247,100 (1.0%) $320,176 (-16.1%) 0.00 200
    2023-03-01 $261,230 (8.1%) $338,343 (-6.4%) 0.00 183
    2023-04-01 $265,450 (6.6%) $334,318 (-5.4%) 0.00 166
    2023-05-01 $285,000 (15.1%) $345,872 (2.4%) 0.00 156
    2023-06-01 $280,000 (12.0%) $340,470 (-8.8%) 0.00 152
    2023-07-01 $289,000 (12.1%) $360,199 (-1.7%) 0.00 159
    2023-08-01 $286,750 (14.2%) $357,529 (-1.9%) 0.00 164
    2023-09-01 $285,000 (9.9%) $355,756 (-3.9%) 0.00 174
    2023-10-01 $288,200 (18.2%) $350,573 (3.3%) 0.00 215
    2023-11-01 $284,900 (19.0%) $348,137 (1.2%) 0.00 227
    2023-12-01 $289,900 (19.6%) $345,898 (0.9%) 0.00 225
    2024-01-01 $275,000 (12.3%) $345,980 (4.7%) 0.00 209
    2024-02-01 $268,750 (8.8%) $331,938 (3.7%) 0.00 221
    2024-03-01 $274,950 (5.3%) $328,975 (-2.8%) 0.00 226
    2024-04-01 $292,575 (10.2%) $344,386 (3.0%) 0.00 236
    2024-05-01 $296,000 (3.9%) $354,986 (2.6%) 0.00 251
    2024-06-01 $292,388 (4.4%) $354,340 (4.1%) 0.00 277
    2024-07-01 $294,605 (1.9%) $364,411 (1.2%) 0.00 282
    2024-08-01 $282,950 (-1.3%) $361,917 (1.2%) 0.00 310
    2024-09-01 $279,550 (-1.9%) $359,471 (1.0%) 0.00 340
    2024-10-01 $279,925 (-2.9%) $355,894 (1.5%) 0.00 343
    Rome's median listing price for 2024-10-01 was $279,925, a difference of $-8,275 (-2.9%) versus the prior year and $375 versus the prior month.

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

    Rome's average listing price for 2024-10-01 was $355,894, a difference of $5,321 (1.5%) versus the prior year and $-3,577 versus the prior month.

    For the 2024-10-01 period, Rome had 343 MLS listings, a difference of 3 listings (1%) versus the prior month and 128 listings (60%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rome (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,002 sqft
    2018-02-01 0 days 1,816 sqft
    2018-03-01 0 days 1,833 sqft
    2018-04-01 0 days 1,907 sqft
    2018-05-01 0 days 1,926 sqft
    2018-06-01 0 days 1,938 sqft
    2018-07-01 0 days 1,869 sqft
    2018-08-01 0 days 1,820 sqft
    2018-09-01 0 days 1,817 sqft
    2018-10-01 0 days 1,877 sqft
    2018-11-01 0 days 1,876 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,873 sqft
    2019-02-01 0 days 1,854 sqft
    2019-03-01 0 days 1,897 sqft
    2019-04-01 0 days 1,914 sqft
    2019-05-01 0 days 2,025 sqft
    2019-06-01 0 days 2,156 sqft
    2019-07-01 0 days 2,129 sqft
    2019-08-01 0 days 2,079 sqft
    2019-09-01 0 days 2,034 sqft
    2019-10-01 0 days 2,011 sqft
    2019-11-01 0 days 2,047 sqft
    2019-12-01 0 days 1,958 sqft
    2020-01-01 0 days 2,013 sqft
    2020-02-01 0 days 2,026 sqft
    2020-03-01 0 days 1,987 sqft
    2020-04-01 0 days 1,974 sqft
    2020-05-01 0 days 2,187 sqft
    2020-06-01 0 days 2,242 sqft
    2020-07-01 0 days 2,143 sqft
    2020-08-01 0 days 2,081 sqft
    2020-09-01 0 days 1,922 sqft
    2020-10-01 0 days 1,837 sqft
    2020-11-01 0 days 1,851 sqft
    2020-12-01 0 days 1,820 sqft
    2021-01-01 0 days 1,844 sqft
    2021-02-01 0 days 1,840 sqft
    2021-03-01 0 days 1,901 sqft
    2021-04-01 0 days 1,878 sqft
    2021-05-01 0 days 2,033 sqft
    2021-06-01 0 days 1,860 sqft
    2021-07-01 0 days 1,925 sqft
    2021-08-01 0 days 1,748 sqft
    2021-09-01 0 days 1,677 sqft
    2021-10-01 0 days 1,670 sqft
    2021-11-01 0 days 1,553 sqft
    2021-12-01 0 days 1,627 sqft
    2022-01-01 0 days 1,637 sqft
    2022-02-01 0 days 1,744 sqft
    2022-03-01 0 days 1,631 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,690 sqft
    2022-06-01 0 days 1,871 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,752 sqft
    2022-09-01 0 days 1,758 sqft
    2022-10-01 0 days 1,733 sqft
    2022-11-01 0 days 1,694 sqft
    2022-12-01 0 days 1,659 sqft
    2023-01-01 0 days 1,616 sqft
    2023-02-01 0 days 1,638 sqft
    2023-03-01 0 days 1,701 sqft
    2023-04-01 0 days 1,686 sqft
    2023-05-01 0 days 1,840 sqft
    2023-06-01 0 days 1,850 sqft
    2023-07-01 0 days 1,850 sqft
    2023-08-01 0 days 1,894 sqft
    2023-09-01 0 days 1,846 sqft
    2023-10-01 0 days 1,807 sqft
    2023-11-01 0 days 1,721 sqft
    2023-12-01 0 days 1,778 sqft
    2024-01-01 0 days 1,750 sqft
    2024-02-01 0 days 1,660 sqft
    2024-03-01 0 days 1,640 sqft
    2024-04-01 0 days 1,772 sqft
    2024-05-01 0 days 1,708 sqft
    2024-06-01 0 days 1,737 sqft
    2024-07-01 0 days 1,724 sqft
    2024-08-01 0 days 1,666 sqft
    2024-09-01 0 days 1,660 sqft
    2024-10-01 0 days 1,694 sqft
    Rome's median listing age (time on market) for 2024-10-01 was 0 days.

    Rome's median square footage for active listings during the 2024-10-01 period was 1,694 sqft. One year prior, the average listing was 1,807 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.