Scottsboro VA Loan Rates, Closing Costs & Stats
Scottsboro, 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.
Scottsboro's 26 lenders originated 61 VA loans during 2023. The total origination value was $19,145,000, with an average VA loan value of $313,852.
Scottsboro VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Scottsboro
averaged
0.37%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Scottsboro's average VA mortgage closing costs are $5,703.
The average rate for the prior week (2024-11-22) was
6.54% and
one month ago for the week of 2024-10-25, the
average rate was 6.34%.
The average rate one year ago was 7.18%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Scottsboro 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 Scottsboro level.
The top Scottsboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with
14 VA loans originated. Their average total fees are
$4,725, which is $9,374
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Scottsboro VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,725), .
The lowest rate Scottsboro VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC (6.47%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Scottsboro (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 | $169,450 (-1.2%) | $227,726 (-2.4%) | 0.00 | 193 |
2018-02-01 | $168,925 (-6.1%) | $234,598 (0.4%) | 0.00 | 190 |
2018-03-01 | $172,400 (-9.1%) | $256,181 (7.0%) | 0.00 | 185 |
2018-04-01 | $179,000 (-8.4%) | $266,127 (8.4%) | 0.00 | 191 |
2018-05-01 | $189,900 (-4.9%) | $274,297 (12.1%) | 0.00 | 183 |
2018-06-01 | $189,900 (0.0%) | $280,582 (18.8%) | 0.00 | 200 |
2018-07-01 | $189,150 (-0.4%) | $267,302 (13.1%) | 0.00 | 193 |
2018-08-01 | $182,250 (1.5%) | $256,413 (10.6%) | 0.00 | 193 |
2018-09-01 | $186,900 (6.8%) | $259,511 (14.0%) | 0.00 | 196 |
2018-10-01 | $182,900 (7.7%) | $250,495 (11.4%) | 0.00 | 202 |
2018-11-01 | $178,650 (5.2%) | $251,269 (13.0%) | 0.00 | 189 |
2018-12-01 | $169,000 (-0.5%) | $247,609 (8.4%) | 0.00 | 174 |
2019-01-01 | $169,000 (-0.3%) | $248,061 (8.9%) | 0.00 | 168 |
2019-02-01 | $167,000 (-1.1%) | $257,613 (9.8%) | 0.00 | 167 |
2019-03-01 | $167,100 (-3.1%) | $266,600 (4.1%) | 0.00 | 158 |
2019-04-01 | $169,900 (-5.1%) | $274,375 (3.1%) | 0.00 | 161 |
2019-05-01 | $174,425 (-8.2%) | $276,266 (0.7%) | 0.00 | 163 |
2019-06-01 | $179,900 (-5.3%) | $279,765 (-0.3%) | 0.00 | 170 |
2019-07-01 | $179,900 (-4.9%) | $282,641 (5.7%) | 0.00 | 166 |
2019-08-01 | $185,777 (1.9%) | $286,084 (11.6%) | 0.00 | 153 |
2019-09-01 | $194,593 (4.1%) | $289,500 (11.6%) | 0.00 | 158 |
2019-10-01 | $205,675 (12.5%) | $295,227 (17.9%) | 0.00 | 160 |
2019-11-01 | $199,900 (11.9%) | $298,686 (18.9%) | 0.00 | 159 |
2019-12-01 | $189,900 (12.4%) | $299,242 (20.9%) | 0.00 | 152 |
2020-01-01 | $183,600 (8.6%) | $304,503 (22.8%) | 0.00 | 145 |
2020-02-01 | $188,450 (12.8%) | $298,548 (15.9%) | 0.00 | 133 |
2020-03-01 | $194,675 (16.5%) | $308,559 (15.7%) | 0.00 | 131 |
2020-04-01 | $204,900 (20.6%) | $310,918 (13.3%) | 0.00 | 120 |
2020-05-01 | $224,900 (28.9%) | $320,141 (15.9%) | 0.00 | 110 |
2020-06-01 | $224,950 (25.0%) | $318,711 (13.9%) | 0.00 | 101 |
2020-07-01 | $222,450 (23.7%) | $327,254 (15.8%) | 0.00 | 102 |
2020-08-01 | $275,500 (48.3%) | $370,799 (29.6%) | 0.00 | 88 |
2020-09-01 | $247,675 (27.3%) | $348,674 (20.4%) | 0.00 | 85 |
2020-10-01 | $239,900 (16.6%) | $338,804 (14.8%) | 0.00 | 86 |
2020-11-01 | $239,900 (20.0%) | $347,896 (16.5%) | 0.00 | 82 |
2020-12-01 | $201,375 (6.0%) | $327,660 (9.5%) | 0.00 | 80 |
2021-01-01 | $209,000 (13.8%) | $317,031 (4.1%) | 0.00 | 71 |
2021-02-01 | $209,925 (11.4%) | $337,926 (13.2%) | 0.00 | 62 |
2021-03-01 | $209,900 (7.8%) | $312,938 (1.4%) | 0.00 | 59 |
2021-04-01 | $199,900 (-2.4%) | $315,378 (1.4%) | 0.00 | 51 |
2021-05-01 | $194,450 (-13.5%) | $334,448 (4.5%) | 0.00 | 51 |
2021-06-01 | $202,500 (-10.0%) | $327,366 (2.7%) | 0.00 | 67 |
2021-07-01 | $279,900 (25.8%) | $371,952 (13.7%) | 0.00 | 71 |
2021-08-01 | $299,000 (8.5%) | $372,534 (0.5%) | 0.00 | 73 |
2021-09-01 | $255,175 (3.0%) | $345,791 (-0.8%) | 0.00 | 76 |
2021-10-01 | $234,000 (-2.5%) | $378,837 (11.8%) | 0.00 | 82 |
2021-11-01 | $262,900 (9.6%) | $459,586 (32.1%) | 0.00 | 76 |
2021-12-01 | $254,925 (26.6%) | $451,069 (37.7%) | 0.00 | 81 |
2022-01-01 | $271,700 (30.0%) | $496,097 (56.5%) | 0.00 | 58 |
2022-02-01 | $284,900 (35.7%) | $542,622 (60.6%) | 0.00 | 58 |
2022-03-01 | $339,450 (61.7%) | $593,785 (89.8%) | 0.00 | 58 |
2022-04-01 | $289,250 (44.7%) | $534,874 (69.6%) | 0.00 | 56 |
2022-05-01 | $282,000 (45.0%) | $409,656 (22.5%) | 0.00 | 62 |
2022-06-01 | $272,725 (34.7%) | $352,329 (7.6%) | 0.00 | 80 |
2022-07-01 | $285,000 (1.8%) | $380,650 (2.3%) | 0.00 | 81 |
2022-08-01 | $257,450 (-13.9%) | $373,717 (0.3%) | 0.00 | 93 |
2022-09-01 | $272,450 (6.8%) | $393,415 (13.8%) | 0.00 | 100 |
2022-10-01 | $297,000 (26.9%) | $414,678 (9.5%) | 0.00 | 107 |
2022-11-01 | $272,900 (3.8%) | $391,027 (-14.9%) | 0.00 | 113 |
2022-12-01 | $266,750 (4.6%) | $379,289 (-15.9%) | 0.00 | 101 |
2023-01-01 | $272,000 (0.1%) | $370,458 (-25.3%) | 0.00 | 88 |
2023-02-01 | $289,900 (1.8%) | $392,845 (-27.6%) | 0.00 | 80 |
2023-03-01 | $279,500 (-17.7%) | $395,158 (-33.5%) | 0.00 | 80 |
2023-04-01 | $274,900 (-5.0%) | $370,460 (-30.7%) | 0.00 | 75 |
2023-05-01 | $273,500 (-3.0%) | $385,851 (-5.8%) | 0.00 | 74 |
2023-06-01 | $264,913 (-2.9%) | $379,099 (7.6%) | 0.00 | 77 |
2023-07-01 | $299,800 (5.2%) | $422,823 (11.1%) | 0.00 | 93 |
2023-08-01 | $276,725 (7.5%) | $395,176 (5.7%) | 0.00 | 103 |
2023-09-01 | $287,400 (5.5%) | $401,562 (2.1%) | 0.00 | 101 |
2023-10-01 | $289,500 (-2.5%) | $398,898 (-3.8%) | 0.00 | 105 |
2023-11-01 | $298,725 (9.5%) | $387,960 (-0.8%) | 0.00 | 104 |
2023-12-01 | $308,750 (15.8%) | $403,467 (6.4%) | 0.00 | 105 |
2024-01-01 | $299,000 (9.9%) | $401,276 (8.3%) | 0.00 | 92 |
2024-02-01 | $307,175 (6.0%) | $394,061 (0.3%) | 0.00 | 91 |
2024-03-01 | $299,200 (7.1%) | $388,021 (-1.8%) | 0.00 | 94 |
2024-04-01 | $299,675 (9.0%) | $410,879 (10.9%) | 0.00 | 102 |
2024-05-01 | $295,925 (8.2%) | $422,341 (9.5%) | 0.00 | 110 |
2024-06-01 | $296,950 (12.1%) | $433,915 (14.5%) | 0.00 | 112 |
2024-07-01 | $294,855 (-1.7%) | $442,284 (4.6%) | 0.00 | 120 |
2024-08-01 | $325,000 (17.5%) | $473,891 (19.9%) | 0.00 | 126 |
2024-09-01 | $318,750 (10.9%) | $434,745 (8.3%) | 0.00 | 122 |
2024-10-01 | $299,925 (3.6%) | $431,687 (8.2%) | 0.00 | 122 |
Scottsboro's median listing price comes in at 0% of the national average.
Scottsboro's average listing price for 2024-10-01 was $431,687, a difference of $32,789 (8.2%) versus the prior year and $-3,058 versus the prior month.
For the 2024-10-01 period, Scottsboro had 122 MLS listings, a difference of 0 listings (0%) versus the prior month and 17 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Scottsboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,988 sqft |
2018-02-01 | 0 days | 1,951 sqft |
2018-03-01 | 0 days | 2,037 sqft |
2018-04-01 | 0 days | 2,054 sqft |
2018-05-01 | 0 days | 2,103 sqft |
2018-06-01 | 0 days | 2,200 sqft |
2018-07-01 | 0 days | 2,096 sqft |
2018-08-01 | 0 days | 2,065 sqft |
2018-09-01 | 0 days | 2,091 sqft |
2018-10-01 | 0 days | 2,025 sqft |
2018-11-01 | 0 days | 2,059 sqft |
2018-12-01 | 0 days | 2,000 sqft |
2019-01-01 | 0 days | 1,991 sqft |
2019-02-01 | 0 days | 1,943 sqft |
2019-03-01 | 0 days | 1,958 sqft |
2019-04-01 | 0 days | 1,995 sqft |
2019-05-01 | 0 days | 1,975 sqft |
2019-06-01 | 0 days | 1,966 sqft |
2019-07-01 | 0 days | 1,931 sqft |
2019-08-01 | 0 days | 2,007 sqft |
2019-09-01 | 0 days | 2,104 sqft |
2019-10-01 | 0 days | 2,185 sqft |
2019-11-01 | 0 days | 2,100 sqft |
2019-12-01 | 0 days | 2,059 sqft |
2020-01-01 | 0 days | 2,050 sqft |
2020-02-01 | 0 days | 2,077 sqft |
2020-03-01 | 0 days | 2,087 sqft |
2020-04-01 | 0 days | 2,093 sqft |
2020-05-01 | 0 days | 2,126 sqft |
2020-06-01 | 0 days | 2,094 sqft |
2020-07-01 | 0 days | 2,100 sqft |
2020-08-01 | 0 days | 2,203 sqft |
2020-09-01 | 0 days | 2,214 sqft |
2020-10-01 | 0 days | 2,214 sqft |
2020-11-01 | 0 days | 2,232 sqft |
2020-12-01 | 0 days | 2,100 sqft |
2021-01-01 | 0 days | 1,940 sqft |
2021-02-01 | 0 days | 2,098 sqft |
2021-03-01 | 0 days | 2,058 sqft |
2021-04-01 | 0 days | 2,100 sqft |
2021-05-01 | 0 days | 2,096 sqft |
2021-06-01 | 0 days | 2,000 sqft |
2021-07-01 | 0 days | 2,016 sqft |
2021-08-01 | 0 days | 2,212 sqft |
2021-09-01 | 0 days | 2,035 sqft |
2021-10-01 | 0 days | 2,045 sqft |
2021-11-01 | 0 days | 2,187 sqft |
2021-12-01 | 0 days | 2,142 sqft |
2022-01-01 | 0 days | 2,200 sqft |
2022-02-01 | 0 days | 2,225 sqft |
2022-03-01 | 0 days | 2,175 sqft |
2022-04-01 | 0 days | 2,029 sqft |
2022-05-01 | 0 days | 2,146 sqft |
2022-06-01 | 0 days | 2,050 sqft |
2022-07-01 | 0 days | 2,117 sqft |
2022-08-01 | 0 days | 2,107 sqft |
2022-09-01 | 0 days | 2,076 sqft |
2022-10-01 | 0 days | 2,163 sqft |
2022-11-01 | 0 days | 2,052 sqft |
2022-12-01 | 0 days | 1,920 sqft |
2023-01-01 | 0 days | 2,051 sqft |
2023-02-01 | 0 days | 2,093 sqft |
2023-03-01 | 0 days | 2,053 sqft |
2023-04-01 | 0 days | 2,016 sqft |
2023-05-01 | 0 days | 2,071 sqft |
2023-06-01 | 0 days | 2,074 sqft |
2023-07-01 | 0 days | 2,095 sqft |
2023-08-01 | 0 days | 1,956 sqft |
2023-09-01 | 0 days | 1,934 sqft |
2023-10-01 | 0 days | 1,904 sqft |
2023-11-01 | 0 days | 1,907 sqft |
2023-12-01 | 0 days | 2,010 sqft |
2024-01-01 | 0 days | 1,980 sqft |
2024-02-01 | 0 days | 2,050 sqft |
2024-03-01 | 0 days | 1,991 sqft |
2024-04-01 | 0 days | 1,950 sqft |
2024-05-01 | 0 days | 2,023 sqft |
2024-06-01 | 0 days | 2,088 sqft |
2024-07-01 | 0 days | 2,208 sqft |
2024-08-01 | 0 days | 2,250 sqft |
2024-09-01 | 0 days | 2,186 sqft |
2024-10-01 | 0 days | 2,091 sqft |
Scottsboro's median square footage for active listings during the 2024-10-01 period was 2,091 sqft. One year prior, the average listing was 1,904 sqft.