Savannah VA Loan Rates, Closing Costs & Stats

SAVANNAH, GA

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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.

    Savannah's 137 lenders originated 1,799 VA loans during 2023. The total origination value was $620,395,000, with an average VA loan value of $344,855.

    Savannah VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Savannah averaged 6.33% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Savannah's average VA mortgage closing costs are $6,512.

    The average rate for the prior week (2024-12-06) was 5.96% and one month ago for the week of 2024-11-08, the average rate was 6.16%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.46%.

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

    Savannah 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 Savannah level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 261 6.52% $9,061
    UNITED WHOLESALE MORTGAGE, LLC 126 6.23% $9,287
    DHI MORTGAGE COMPANY, LTD. 111 5.18% $8,366
    BROKER SOLUTIONS, INC. 107 6.06% $10,001
    QUICKEN LOANS, LLC 100 6.14% $11,631
    NAVY FEDERAL CREDIT UNION 70 5.82% $8,232
    GUARANTEED RATE, INC. 55 6.20% $8,771
    PENNYMAC LOAN SERVICES, LLC 52 5.69% $11,861
    FREEDOM MORTGAGE CORPORATION 48 6.49% $16,638
    BANKSOUTH MORTGAGE COMPANY, LLC 43 5.93% $11,226
    MOVEMENT MORTGAGE, LLC 42 6.62% $10,680
    Plains Commerce Bank 34 6.28% $9,312
    USAA Federal Savings Bank 34 6.30% $10,827
    GUILD MORTGAGE COMPANY 32 6.37% $10,216
    EAGLE HOME MORTGAGE, LLC 30 5.59% $7,569
    Flagstar Bank, FSB 30 6.62% $9,730
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.54% $8,506
    Ameris Bank 27 6.30% $12,205
    Colony Bank 26 6.12% $7,660
    LOANDEPOT.COM, LLC 26 5.90% $14,879
    PULTE MORTGAGE LLC 23 6.15% $7,001
    The Federal Savings Bank 20 6.19% $15,746
    Magnolia Bank 17 5.94% $11,424
    VILLAGE CAPITAL MORTGAGE 14 6.27% $10,775
    AMERICAN FINANCIAL NETWORK, INC. 14 6.55% $11,463
    Mr. Cooper ( Nationstar Mortgage ) 14 5.81% $13,662
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 6.96% $7,965
    JET HOMELOANS, LLC 13 6.31% $9,189
    NEW DAY FINANCIAL, LLC 13 7.44% $16,167
    AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.64% $10,453
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 13 5.55% $7,975
    Paramount Residential Mortgage Group, Inc. 12 6.16% $9,853
    Renasant Bank 11 6.39% $10,719
    CARDINAL FINANCIAL 10 6.27% $15,959
    SOUTHPOINT FINANCIAL SERVICES, INC. 10 7.13% $9,959
    PENTAGON FEDERAL CREDIT UNION 9 5.60% $9,351
    CMG MORTGAGE, INC. 9 6.57% $13,395
    VANDERBILT MORTGAGE AND FINANCE, INC. 9 6.29% $5,430
    AMERISAVE MORTGAGE CORPORATION 9 5.90% $13,502
    Prosperity Home Mortgage, LLC 9 6.15% $10,072
    NFM, INC. 8 6.91% $13,595
    HOMESTAR FINANCIAL CORPORATION 6 6.33% $4,233
    NBH Bank 6 6.27% $8,813
    SWBC MORTGAGE CORPORATION 5 6.45% $9,811
    CROSSCOUNTRY MORTGAGE, LLC 5 7.08% $9,770
    Equity Prime Mortgage LLC 5 6.98% $9,448
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.90% $10,217
    CALIBER HOME LOANS, INC. 4 6.13% $9,234
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.66% $9,463
    FIRST CONTINENTAL MORTGAGE, LTD. 4 6.47% $4,325
    Truist 4 6.09% $3,016
    RESIDENTIAL HOME FUNDING CORP. 4 6.56% $6,886
    PLANET HOME LENDING, LLC 4 5.56% $6,924
    PLAZA HOME MORTGAGE, INC. 4 6.16% $17,148
    OCMBC, INC. 4 6.94% $6,206
    NBKC BANK 4 6.03% $7,494
    HOMESPIRE MORTGAGE CORPORATION 3 5.88% $13,682
    BAY EQUITY LLC 3 6.12% $13,602
    Wells Fargo Bank 3 6.08% $7,217
    ACADEMY MORTGAGE CORPORATION 3 6.96% $11,137
    LOANPAL, LLC 3 5.54% $17,048
    INTERCOASTAL MORTGAGE COMPANY 3 6.96% $12,029
    UNION HOME MORTGAGE CORP. 3 5.92% $7,982
    MILEND, INC. 3 6.83% $8,538
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.25% $15,380
    T2 FINANCIAL LLC 2 5.81% $11,860
    RELIANCE FIRST CAPITAL, LLC 2 5.94% $13,547
    Bank of England 2 5.75% $6,903
    CANOPY MORTGAGE, LLC 2 6.88% $9,564
    NEWREZ LLC 2 6.50% $12,973
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.38% $12,387
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.63% $12,449
    HOMESIDE FINANCIAL, LLC 2 7.12% $10,468
    BOKF 2 6.63% $12,874
    Queensborough National Bank & Trust Company 2 7.19% $10,900
    LAKEVIEW LOAN SERVICING, LLC 2 6.19% $8,097
    First Federal Bank 2 6.44% $15,556
    United Community Bank 2 6.06% $8,692
    PREMIA MORTGAGE, LLC 2 6.88% $113
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.00% $6,335
    DAS Acquisition Company, LLC 2 7.25% $12,254
    RADIUS FINANCIAL GROUP INC. 1 6.75% $10,427
    Residential Mortgage Solutions, Inc. 1 7.25% $9,049
    ROYAL UNITED MORTGAGE LLC 1 6.63% $24,384
    Service Federal Credit Union 1 6.50% $774
    Shamrock Home Loans, Inc. 1 6.75% $7,676
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $14,281
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.25% $9,935
    South State Bank 1 5.75% $11,098
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $8,540
    SUMMIT FUNDING, INC. 1 7.13% $13,363
    The Central Trust Bank 1 5.75% $17,528
    THRIVE MORTGAGE, LLC 1 6.25% $17,482
    TOWNE MORTGAGE COMPANY 1 7.25% $5,955
    Trustmark National Bank 1 5.50% $2,345
    AmeriHome Mortgage Company, LLC 1 7.13% $6,290
    American Mortgage & Equity Consultants, Inc. 1 7.13% $2,745
    US MORTGAGE CORPORATION 1 5.75% $4,769
    Allied First Bank,sb 1 8.25% $4,265
    VAN DYK MORTGAGE CORPORATION 1 7.25% $12,096
    VERITAS FUNDING, LLC 1 5.75% $27,265
    ACOPIA, LLC 1 7.38% $6,713
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $13,257
    F&M Bank 1 6.25% $10,892
    Goldwater Bank, N.A. 1 5.75% $5,238
    GoPrime Mortgage, Inc. 1 5.88% $8,729
    First Savings Bank 1 6.75% $22,876
    HOMESTEAD FUNDING CORP. 1 7.00% $3,805
    FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $14,456
    JPMorgan Chase Bank 1 6.49% $941
    EVERETT FINANCIAL, INC. 1 8.13% $16,549
    Lakeview Community Capital, LLC 1 5.25% $6,018
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $8,937
    ENVOY MORTGAGE, LTD 1 6.63% $5,035
    MID AMERICA MORTGAGE, INC. 1 7.25% $7,842
    Mid-Continent Funding, Inc. 1 6.13% $23,409
    MORIA DEVELOPMENT, INC. 1 6.50% $4,483
    MORTGAGEONE, INC. 1 8.00% $2,684
    Credence Funding Corporation 1 5.25% $3,281
    COMMUNITY MORTGAGE CORPORATION 1 6.25% $5,487
    Citizens Bank 1 7.13% $15,326
    Century Mortgage Company DBA Century Lending Company 1 7.50% $9,295
    NATION ONE MORTGAGE CORPORATION 1 8.38% $11,805
    Nations Lending Corporation 1 6.75% $22,016
    NATIONS RELIABLE LENDING, LLC 1 6.25% $852
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.75% $31,820
    Carrington Mortgage Services, LLC 1 5.38% $13,948
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $9,685
    OPEN MORTGAGE, LLC 1 6.00% $16,360
    BNC National Bank 1 5.25% $3,105
    Bell Bank 1 5.75% $14,342
    PHH Mortgage Corporation 1 6.49% $17,469
    Pinnacle Bank 1 6.75% $13,961
    BELEM SERVICING LLC 1 5.38% $11,898
    Presidential Bank, FSB 1 7.25% $7,054
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.00% $5,097
    Barrington Bank & Trust Company, N.A. 1 5.63% $13,710

    The top Savannah VA lender as defined by loan originations is Mortgage Research Center, LLC, with 261 VA loans originated. Their average total fees are $9,061, which is $226 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Savannah VA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($7,001), EAGLE HOME MORTGAGE, LLC ($7,569), Colony Bank ($7,660), MORTGAGE SOLUTIONS OF COLORADO, LLC ($7,965) and K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($7,975).

    The lowest rate Savannah VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.18%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.55%), EAGLE HOME MORTGAGE, LLC (5.59%), PENNYMAC LOAN SERVICES, LLC (5.69%) and Mr. Cooper ( Nationstar Mortgage ) (5.81%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Savannah (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 $266,650 (6.9%) $384,285 (12.1%) 0.99 2,367
    2018-02-01 $274,623 (6.7%) $387,796 (9.6%) 1.00 2,425
    2018-03-01 $279,000 (6.3%) $388,826 (7.6%) 0.98 2,526
    2018-04-01 $279,561 (5.5%) $388,248 (5.9%) 0.95 2,542
    2018-05-01 $279,900 (5.6%) $388,548 (6.0%) 0.93 2,563
    2018-06-01 $279,000 (4.3%) $381,338 (2.9%) 0.93 2,591
    2018-07-01 $279,900 (5.2%) $384,867 (3.2%) 0.93 2,529
    2018-08-01 $275,071 (4.6%) $382,995 (4.0%) 0.92 2,467
    2018-09-01 $279,250 (5.4%) $389,745 (5.5%) 0.94 2,417
    2018-10-01 $279,500 (7.3%) $393,779 (6.1%) 0.95 2,445
    2018-11-01 $278,975 (5.3%) $392,039 (4.1%) 0.95 2,542
    2018-12-01 $278,000 (4.9%) $395,523 (4.3%) 0.96 2,500
    2019-01-01 $278,200 (4.3%) $402,217 (4.7%) 0.96 2,427
    2019-02-01 $283,555 (3.3%) $410,377 (5.8%) 0.96 2,412
    2019-03-01 $288,186 (3.3%) $417,281 (7.3%) 0.94 2,434
    2019-04-01 $291,423 (4.2%) $419,903 (8.2%) 0.93 2,487
    2019-05-01 $289,950 (3.6%) $419,564 (8.0%) 0.91 2,484
    2019-06-01 $290,000 (3.9%) $421,639 (10.6%) 0.91 2,443
    2019-07-01 $290,363 (3.7%) $418,300 (8.7%) 0.91 2,438
    2019-08-01 $291,845 (6.1%) $416,150 (8.7%) 0.92 2,437
    2019-09-01 $293,564 (5.1%) $414,237 (6.3%) 0.94 2,449
    2019-10-01 $294,709 (5.4%) $412,962 (4.9%) 0.95 2,446
    2019-11-01 $294,000 (5.4%) $414,040 (5.6%) 0.96 2,356
    2019-12-01 $295,600 (6.3%) $422,490 (6.8%) 0.99 2,328
    2020-01-01 $297,445 (6.9%) $424,131 (5.5%) 0.99 2,195
    2020-02-01 $299,900 (5.8%) $430,805 (5.0%) 0.98 2,211
    2020-03-01 $304,888 (5.8%) $435,587 (4.4%) 0.96 2,182
    2020-04-01 $300,367 (3.1%) $430,237 (2.5%) 0.94 2,215
    2020-05-01 $309,000 (6.6%) $437,326 (4.2%) 0.94 2,120
    2020-06-01 $318,564 (9.9%) $445,897 (5.8%) 0.94 1,966
    2020-07-01 $322,350 (11.0%) $451,189 (7.9%) 0.93 1,850
    2020-08-01 $322,990 (10.7%) $457,713 (10.0%) 0.93 1,704
    2020-09-01 $325,000 (10.7%) $472,791 (14.1%) 0.93 1,618
    2020-10-01 $319,000 (8.2%) $469,196 (13.6%) 0.91 1,564
    2020-11-01 $304,360 (3.5%) $455,906 (10.1%) 0.89 1,537
    2020-12-01 $300,000 (1.5%) $452,665 (7.1%) 0.89 1,414
    2021-01-01 $305,000 (2.5%) $464,487 (9.5%) 0.91 1,204
    2021-02-01 $306,788 (2.3%) $482,200 (11.9%) 0.89 1,009
    2021-03-01 $312,060 (2.4%) $500,798 (15.0%) 0.89 832
    2021-04-01 $319,725 (6.4%) $496,215 (15.3%) 0.87 759
    2021-05-01 $321,308 (4.0%) $516,510 (18.1%) 0.85 737
    2021-06-01 $322,484 (1.2%) $526,045 (18.0%) 0.85 726
    2021-07-01 $329,000 (2.1%) $523,504 (16.0%) 0.87 791
    2021-08-01 $329,500 (2.0%) $526,566 (15.0%) 0.88 776
    2021-09-01 $329,248 (1.3%) $537,634 (13.7%) 0.88 768
    2021-10-01 $339,857 (6.5%) $546,272 (16.4%) 0.91 733
    2021-11-01 $339,102 (11.4%) $543,500 (19.2%) 0.91 654
    2021-12-01 $349,450 (16.5%) $560,952 (23.9%) 0.95 602
    2022-01-01 $349,610 (14.6%) $577,187 (24.3%) 0.95 494
    2022-02-01 $372,080 (21.3%) $616,999 (28.0%) 0.97 422
    2022-03-01 $383,128 (22.8%) $629,561 (25.7%) 0.96 436
    2022-04-01 $395,000 (23.5%) $640,365 (29.1%) 0.94 453
    2022-05-01 $394,725 (22.9%) $609,964 (18.1%) 0.90 603
    2022-06-01 $399,900 (24.0%) $607,843 (15.6%) 0.89 695
    2022-07-01 $404,783 (23.0%) $611,263 (16.8%) 0.91 833
    2022-08-01 $399,000 (21.1%) $589,445 (11.9%) 0.92 941
    2022-09-01 $399,900 (21.5%) $601,230 (11.8%) 0.93 953
    2022-10-01 $399,999 (17.7%) $606,430 (11.0%) 0.94 1,005
    2022-11-01 $399,642 (17.9%) $594,388 (9.4%) 0.96 1,046
    2022-12-01 $399,900 (14.4%) $595,112 (6.1%) 0.99 1,006
    2023-01-01 $399,495 (14.3%) $594,455 (3.0%) 0.99 900
    2023-02-01 $399,048 (7.3%) $612,638 (-0.7%) 0.96 757
    2023-03-01 $408,963 (6.7%) $625,703 (-0.6%) 0.96 758
    2023-04-01 $427,990 (8.4%) $665,390 (3.9%) 1.00 695
    2023-05-01 $432,475 (9.6%) $678,283 (11.2%) 0.98 744
    2023-06-01 $432,173 (8.1%) $855,227 (40.7%) 0.97 794
    2023-07-01 $425,000 (5.0%) $850,067 (39.1%) 0.97 797
    2023-08-01 $425,000 (6.5%) $840,638 (42.6%) 0.98 825
    2023-09-01 $429,941 (7.5%) $834,273 (38.8%) 1.00 879
    2023-10-01 $426,604 (6.7%) $819,183 (35.1%) 1.00 998
    2023-11-01 $417,000 (4.3%) $809,333 (36.2%) 0.99 1,055
    2023-12-01 $420,700 (5.2%) $796,283 (33.8%) 1.03 1,027
    2024-01-01 $420,250 (5.2%) $827,494 (39.2%) 1.03 938
    2024-02-01 $430,123 (7.8%) $871,661 (42.3%) 1.04 920
    2024-03-01 $439,900 (7.6%) $887,067 (41.8%) 1.04 939
    2024-04-01 $429,849 (0.4%) $858,751 (29.1%) 1.00 1,083
    2024-05-01 $447,785 (3.5%) $880,217 (29.8%) 1.01 1,123
    2024-06-01 $439,995 (1.8%) $839,993 (-1.8%) 0.99 1,281
    2024-07-01 $430,500 (1.3%) $788,645 (-7.2%) 0.98 1,418
    2024-08-01 $425,000 (0.0%) $776,076 (-7.7%) 0.99 1,470
    2024-09-01 $432,225 (0.5%) $758,363 (-9.1%) 1.02 1,523
    2024-10-01 $435,015 (2.0%) $766,161 (-6.5%) 1.02 1,563
    2024-11-01 $426,207 (2.2%) $759,029 (-6.2%) 1.02 1,649
    Savannah's median listing price for 2024-11-01 was $426,207, a difference of $9,207 (2.2%) versus the prior year and $-8,808 versus the prior month.

    Savannah's median listing price comes in at 102% of the national average.

    Savannah's average listing price for 2024-11-01 was $759,029, a difference of $-50,304 (-6.2%) versus the prior year and $-7,132 versus the prior month.

    For the 2024-11-01 period, Savannah had 1,649 MLS listings, a difference of 86 listings (6%) versus the prior month and 594 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Savannah (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 2,173 sqft
    2018-02-01 83 days 2,200 sqft
    2018-03-01 61 days 2,248 sqft
    2018-04-01 64 days 2,264 sqft
    2018-05-01 66 days 2,239 sqft
    2018-06-01 68 days 2,224 sqft
    2018-07-01 72 days 2,228 sqft
    2018-08-01 77 days 2,192 sqft
    2018-09-01 79 days 2,210 sqft
    2018-10-01 77 days 2,201 sqft
    2018-11-01 75 days 2,202 sqft
    2018-12-01 81 days 2,202 sqft
    2019-01-01 89 days 2,200 sqft
    2019-02-01 92 days 2,212 sqft
    2019-03-01 78 days 2,238 sqft
    2019-04-01 65 days 2,263 sqft
    2019-05-01 64 days 2,280 sqft
    2019-06-01 67 days 2,294 sqft
    2019-07-01 71 days 2,293 sqft
    2019-08-01 73 days 2,289 sqft
    2019-09-01 76 days 2,289 sqft
    2019-10-01 78 days 2,286 sqft
    2019-11-01 84 days 2,273 sqft
    2019-12-01 88 days 2,244 sqft
    2020-01-01 95 days 2,247 sqft
    2020-02-01 87 days 2,250 sqft
    2020-03-01 69 days 2,296 sqft
    2020-04-01 74 days 2,290 sqft
    2020-05-01 78 days 2,300 sqft
    2020-06-01 80 days 2,295 sqft
    2020-07-01 71 days 2,346 sqft
    2020-08-01 64 days 2,312 sqft
    2020-09-01 65 days 2,271 sqft
    2020-10-01 65 days 2,203 sqft
    2020-11-01 64 days 2,147 sqft
    2020-12-01 69 days 2,104 sqft
    2021-01-01 75 days 2,097 sqft
    2021-02-01 57 days 2,056 sqft
    2021-03-01 45 days 2,036 sqft
    2021-04-01 41 days 2,055 sqft
    2021-05-01 33 days 2,103 sqft
    2021-06-01 38 days 2,038 sqft
    2021-07-01 36 days 2,094 sqft
    2021-08-01 40 days 2,007 sqft
    2021-09-01 44 days 2,017 sqft
    2021-10-01 50 days 2,047 sqft
    2021-11-01 53 days 2,046 sqft
    2021-12-01 56 days 2,064 sqft
    2022-01-01 60 days 2,046 sqft
    2022-02-01 30 days 2,081 sqft
    2022-03-01 26 days 2,112 sqft
    2022-04-01 26 days 2,160 sqft
    2022-05-01 19 days 2,132 sqft
    2022-06-01 25 days 2,218 sqft
    2022-07-01 30 days 2,161 sqft
    2022-08-01 37 days 2,161 sqft
    2022-09-01 44 days 2,157 sqft
    2022-10-01 48 days 2,126 sqft
    2022-11-01 50 days 2,156 sqft
    2022-12-01 58 days 2,126 sqft
    2023-01-01 68 days 2,132 sqft
    2023-02-01 63 days 2,114 sqft
    2023-03-01 45 days 2,183 sqft
    2023-04-01 41 days 2,244 sqft
    2023-05-01 32 days 2,225 sqft
    2023-06-01 33 days 2,197 sqft
    2023-07-01 39 days 2,161 sqft
    2023-08-01 39 days 2,087 sqft
    2023-09-01 42 days 2,081 sqft
    2023-10-01 44 days 2,092 sqft
    2023-11-01 49 days 2,041 sqft
    2023-12-01 55 days 2,007 sqft
    2024-01-01 60 days 1,976 sqft
    2024-02-01 49 days 2,022 sqft
    2024-03-01 43 days 2,060 sqft
    2024-04-01 40 days 2,029 sqft
    2024-05-01 37 days 2,099 sqft
    2024-06-01 39 days 2,098 sqft
    2024-07-01 48 days 2,023 sqft
    2024-08-01 52 days 2,007 sqft
    2024-09-01 58 days 2,041 sqft
    2024-10-01 60 days 2,040 sqft
    2024-11-01 64 days 1,983 sqft
    Savannah's median listing age (time on market) for 2024-11-01 was 64 days. This is 31% longer than the same period one year ago.

    Savannah's median square footage for active listings during the 2024-11-01 period was 1,983 sqft. One year prior, the average listing was 2,041 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.