Savannah VA Loan Rates, Closing Costs & Stats
SAVANNAH, GA
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
6.58%
for the week of 2025-02-14, compared to the national average (all VA variants) of
6.428% for the same period.
Savannah's average VA mortgage closing costs are $6,512.
The average rate for the prior week (2025-02-07) was
6.21% and
one month ago for the week of 2025-01-10, the
average rate was 6.65%.
The average rate one year ago was 6.27%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.81%.
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.
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. LouisDate | 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%) | $608,139 (15.6%) | 0.89 | 694 |
2022-07-01 | $404,842 (23.1%) | $611,510 (16.8%) | 0.91 | 832 |
2022-08-01 | $399,000 (21.1%) | $589,938 (12.0%) | 0.92 | 939 |
2022-09-01 | $399,900 (21.5%) | $601,566 (11.9%) | 0.93 | 952 |
2022-10-01 | $400,000 (17.7%) | $606,646 (11.1%) | 0.94 | 1,004 |
2022-11-01 | $399,701 (17.9%) | $594,487 (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 | $409,257 (6.8%) | $625,888 (-0.6%) | 0.96 | 757 |
2023-04-01 | $428,048 (8.4%) | $665,390 (3.9%) | 1.00 | 693 |
2023-05-01 | $432,975 (9.7%) | $679,370 (11.4%) | 0.98 | 738 |
2023-06-01 | $432,450 (8.1%) | $856,648 (40.9%) | 0.97 | 792 |
2023-07-01 | $425,000 (5.0%) | $850,067 (39.0%) | 0.97 | 797 |
2023-08-01 | $425,998 (6.8%) | $840,921 (42.5%) | 0.98 | 824 |
2023-09-01 | $429,941 (7.5%) | $834,273 (38.7%) | 1.00 | 879 |
2023-10-01 | $426,604 (6.7%) | $819,183 (35.0%) | 1.00 | 998 |
2023-11-01 | $417,250 (4.4%) | $810,060 (36.3%) | 0.99 | 1,054 |
2023-12-01 | $423,115 (5.8%) | $797,093 (33.9%) | 1.03 | 1,025 |
2024-01-01 | $420,500 (5.3%) | $828,422 (39.4%) | 1.03 | 937 |
2024-02-01 | $430,495 (7.9%) | $872,123 (42.4%) | 1.04 | 919 |
2024-03-01 | $439,900 (7.5%) | $887,535 (41.8%) | 1.04 | 938 |
2024-04-01 | $429,900 (0.4%) | $859,139 (29.1%) | 1.00 | 1,082 |
2024-05-01 | $440,175 (1.7%) | $850,577 (25.2%) | 1.01 | 1,123 |
2024-06-01 | $438,081 (1.3%) | $798,429 (-6.8%) | 0.99 | 1,280 |
2024-07-01 | $430,500 (1.3%) | $788,645 (-7.2%) | 0.98 | 1,418 |
2024-08-01 | $425,000 (-0.2%) | $776,341 (-7.7%) | 0.99 | 1,469 |
2024-09-01 | $432,450 (0.6%) | $758,604 (-9.1%) | 1.02 | 1,522 |
2024-10-01 | $435,233 (2.0%) | $766,402 (-6.4%) | 1.02 | 1,562 |
2024-11-01 | $426,558 (2.2%) | $759,259 (-6.3%) | 1.02 | 1,648 |
2024-12-01 | $423,763 (0.2%) | $721,271 (-9.5%) | 1.05 | 1,641 |
2025-01-01 | $421,450 (0.2%) | $645,727 (-22.1%) | 0.00 | 1,553 |
Savannah's median listing price comes in at 0% of the national average.
Savannah's average listing price for 2025-01-01 was $645,727, a difference of $-182,695 (-22.1%) versus the prior year and $-75,544 versus the prior month.
For the 2025-01-01 period, Savannah had 1,553 MLS listings, a difference of -88 listings (-5%) versus the prior month and 616 listings (66%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Savannah (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,209 sqft |
2018-10-01 | 77 days | 2,200 sqft |
2018-11-01 | 75 days | 2,201 sqft |
2018-12-01 | 81 days | 2,202 sqft |
2019-01-01 | 89 days | 2,200 sqft |
2019-02-01 | 92 days | 2,211 sqft |
2019-03-01 | 78 days | 2,238 sqft |
2019-04-01 | 65 days | 2,262 sqft |
2019-05-01 | 64 days | 2,279 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 | 2,245 sqft |
2020-01-01 | 95 days | 2,247 sqft |
2020-02-01 | 87 days | 2,253 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 | 2,345 sqft |
2020-08-01 | 64 days | 2,312 sqft |
2020-09-01 | 65 days | 2,270 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 | 2,041 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 | 2,129 sqft |
2022-06-01 | 25 days | 2,217 sqft |
2022-07-01 | 30 days | 2,161 sqft |
2022-08-01 | 37 days | 2,161 sqft |
2022-09-01 | 44 days | 2,151 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 | 2,184 sqft |
2023-04-01 | 41 days | 2,244 sqft |
2023-05-01 | 32 days | 2,236 sqft |
2023-06-01 | 33 days | 2,200 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 | 2,042 sqft |
2023-12-01 | 55 days | 2,008 sqft |
2024-01-01 | 60 days | 1,977 sqft |
2024-02-01 | 49 days | 2,021 sqft |
2024-03-01 | 43 days | 2,060 sqft |
2024-04-01 | 40 days | 2,027 sqft |
2024-05-01 | 37 days | 2,093 sqft |
2024-06-01 | 39 days | 2,080 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 | 2,039 sqft |
2024-11-01 | 64 days | 1,983 sqft |
2024-12-01 | 66 days | 1,970 sqft |
2025-01-01 | 0 days | 1,970 sqft |
Savannah's median square footage for active listings during the 2025-01-01 period was 1,970 sqft. One year prior, the average listing was 1,977 sqft.