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 133 lenders originated 2,098 VA loans during 2024. The total origination value was $765,590,000, with an average VA loan value of $364,914.

    Savannah VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Savannah averaged 0.12% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Savannah's average VA mortgage closing costs are $6,785.

    The average rate for the prior week (2025-06-13) was 6.57% and one month ago for the week of 2025-05-16, the average rate was 6.93%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.11%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 297 6.44% $7,499
    UNITED WHOLESALE MORTGAGE, LLC 249 5.98% $9,382
    QUICKEN LOANS, LLC 128 6.06% $10,964
    BROKER SOLUTIONS, INC. 122 6.36% $10,439
    FREEDOM MORTGAGE CORPORATION 104 6.25% $8,241
    DHI MORTGAGE COMPANY, LTD. 89 5.13% $8,217
    PENNYMAC LOAN SERVICES, LLC 87 5.84% $8,902
    NAVY FEDERAL CREDIT UNION 61 5.84% $7,253
    VILLAGE CAPITAL MORTGAGE 52 5.78% $6,860
    PULTE MORTGAGE LLC 46 5.56% $6,996
    MOVEMENT MORTGAGE, LLC 41 6.40% $10,028
    GUILD MORTGAGE COMPANY 39 6.23% $9,952
    FIRST CONTINENTAL MORTGAGE, LTD. 38 6.09% $7,300
    Plains Commerce Bank 30 6.32% $9,909
    USAA Federal Savings Bank 30 6.13% $7,922
    LOANDEPOT.COM, LLC 26 6.06% $9,093
    BANKSOUTH MORTGAGE COMPANY, LLC 22 6.14% $12,051
    EAGLE HOME MORTGAGE, LLC 22 5.81% $7,065
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.26% $9,726
    MORTGAGE SOLUTIONS OF COLORADO, LLC 19 7.12% $5,022
    VANDERBILT MORTGAGE AND FINANCE, INC. 19 5.91% $8,027
    NEW DAY FINANCIAL, LLC 19 7.42% $13,546
    LAKEVIEW LOAN SERVICING, LLC 18 5.88% $5,923
    Magnolia Bank 18 6.08% $13,770
    PLANET HOME LENDING, LLC 18 5.92% $4,889
    Flagstar Bank, FSB 17 6.22% $8,671
    Ameris Bank 15 5.88% $10,432
    The Federal Savings Bank 15 6.25% $16,726
    NEWREZ LLC 15 6.32% $8,187
    GUARANTEED RATE, INC. 13 6.12% $10,784
    CROSSCOUNTRY MORTGAGE, LLC 10 6.29% $9,595
    Mr. Cooper ( Nationstar Mortgage ) 9 6.04% $12,819
    Colony Bank 9 6.08% $9,221
    CLEARPATH LENDING 9 5.68% $16,530
    Century Mortgage Company DBA Century Lending Company 9 6.08% $6,968
    AMERICAN FINANCIAL NETWORK, INC. 9 6.31% $6,430
    Paramount Residential Mortgage Group, Inc. 9 6.51% $12,971
    PENTAGON FEDERAL CREDIT UNION 9 6.10% $7,308
    Equity Prime Mortgage LLC 9 6.54% $10,922
    Carrington Mortgage Services, LLC 8 6.16% $9,324
    TOWNE MORTGAGE COMPANY 8 6.56% $10,902
    CANOPY MORTGAGE, LLC 8 6.16% $18,293
    MUTUAL OF OMAHA MORTGAGE, INC. 7 5.98% $14,020
    DAS Acquisition Company, LLC 7 6.89% $5,529
    OCMBC, INC. 7 6.38% $5,039
    Prosperity Home Mortgage, LLC 6 5.96% $11,984
    AmeriHome Mortgage Company, LLC 6 6.21% $7,038
    CMG MORTGAGE, INC. 6 6.46% $8,663
    SUN WEST MORTGAGE COMPANY, INC. 6 5.98% $9,760
    INTERCOASTAL MORTGAGE COMPANY 6 6.21% $11,630
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.54% $9,168
    NFM, INC. 6 6.63% $12,428
    SUMMIT FUNDING, INC. 5 6.90% $10,610
    NBKC BANK 5 5.83% $8,921
    First Federal Bank 5 5.73% $11,564
    NORWICH COMMERCIAL GROUP, INC. 4 6.34% $7,717
    JET HOMELOANS, LLC 4 5.24% $12,050
    Lakeview Community Capital, LLC 4 5.44% $7,421
    AMERISAVE MORTGAGE CORPORATION 4 5.81% $19,172
    HOMESIDE FINANCIAL, LLC 4 6.88% $11,464
    INSPIRE HOME LOANS INC. 4 5.81% $7,567
    Truist 4 6.46% $7,872
    Mid-Continent Funding, Inc. 4 5.84% $10,499
    SOUTHPOINT FINANCIAL SERVICES, INC. 3 6.83% $3,250
    SWBC MORTGAGE CORPORATION 3 6.71% $11,451
    Renasant Bank 3 5.83% $13,431
    M&T Bank 3 6.63% $10,807
    Synovus Bank 2 6.25% $12,325
    AMERICAN FINANCING CORPORATION 2 5.50% $10,135
    Armed Forces Bank 2 5.94% $12,973
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.62% $11,201
    Bank of America 2 6.50% $6,822
    Barrington Bank & Trust Company, N.A. 2 6.25% $14,414
    BAY EQUITY LLC 2 6.19% $11,367
    Credence Funding Corporation 2 5.25% $9,881
    Goldwater Bank, N.A. 2 6.00% $7,287
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.25% $11,514
    HOMESTEAD FUNDING CORP. 2 6.19% $5,213
    Northpointe Bank 2 6.50% $9,801
    PLAZA HOME MORTGAGE, INC. 2 5.93% $18,170
    Service Federal Credit Union 2 6.31% $7,676
    Sierra Pacific Mortgage Company, Inc. 2 6.19% $7,780
    U.S. Bank 2 6.00% $5,295
    VERITAS FUNDING, LLC 2 6.56% $21,197
    MEMBER FIRST MORTGAGE, LLC 1 6.63% $5,556
    American Mortgage Bank, LLC 1 6.13% $10,220
    LOANPAL, LLC 1 4.99% $14,698
    LOANFLIGHT LENDING, LLC 1 4.99% $3,921
    Old National Bank 1 6.00% $3,787
    JPMorgan Chase Bank 1 5.88% $5,578
    JMAC LENDING, INC. 1 6.25% $10,347
    GUARANTY MORTGAGE SERVICES, L.L.C. 1 7.25% $12,434
    PHH Mortgage Corporation 1 5.49% $3,700
    GoPrime Mortgage, Inc. 1 6.75% $9,856
    Franklin Loan Corporation 1 5.25% $9,007
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 5.25% $6,164
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $5,691
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $22,990
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.75% $3,225
    First Reliance Bank 1 6.25% $11,791
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.75% $3,362
    RADIUS FINANCIAL GROUP INC. 1 4.99% $18,017
    Regions Bank 1 5.63% $12,940
    EVERETT FINANCIAL, INC. 1 6.50% $9,736
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $15,777
    S1L, Inc. 1 6.25% $3,758
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $16,143
    SHELTER HOME MORTGAGE, LLC 1 6.25% $19,798
    Wells Fargo Bank 1 6.75% $2,646
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 5.63% $12,554
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $8,461
    South State Bank 1 6.75% $8,790
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $1,653
    COMPASS MORTGAGE, INC. 1 6.75% $11,991
    Citizens Bank 1 6.00% $8,422
    CARDINAL FINANCIAL 1 5.25% $11,787
    ACOPIA, LLC 1 6.13% $12,030
    Texana Bank 1 7.13% $1,466
    BAY-VALLEY MORTGAGE GROUP 1 6.50% $18,567
    The Loan Store, Inc. 1 5.75% $1,461
    TOTAL MORTGAGE SERVICES, LLC 1 6.75% $18,200
    Atlantic Coast Mortgage, LLC 1 6.25% $10,193
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $14,754
    UNION HOME MORTGAGE CORP. 1 5.75% $14,310
    United Bank 1 6.63% $10,743
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $15,648
    University Bank 1 6.25% $14,024
    NATIONS RELIABLE LENDING, LLC 1 7.13% $3,585
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $12,512
    Nations Lending Corporation 1 6.63% $10,645
    NATION ONE MORTGAGE CORPORATION 1 6.75% $0
    MORTGAGE INVESTORS GROUP, INC. 1 6.00% $6,143
    MILEND, INC. 1 7.00% $12,669

    The top Savannah VA lender as defined by loan originations is Mortgage Research Center, LLC, with 297 VA loans originated. Their average total fees are $7,499, which is $1,882 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Savannah VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($4,889), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,022), LAKEVIEW LOAN SERVICING, LLC ($5,923), VILLAGE CAPITAL MORTGAGE ($6,860) and PULTE MORTGAGE LLC ($6,996).

    The lowest rate Savannah VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.13%), PULTE MORTGAGE LLC (5.56%), VILLAGE CAPITAL MORTGAGE (5.78%), EAGLE HOME MORTGAGE, LLC (5.81%) and NAVY FEDERAL CREDIT UNION (5.84%).

    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.