Statesboro VA Loan Rates, Closing Costs & Stats

Statesboro, 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.

    Statesboro's 46 lenders originated 160 VA loans during 2023. The total origination value was $49,200,000, with an average VA loan value of $307,500.

    Statesboro VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Statesboro averaged 6.67% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Statesboro's average VA mortgage closing costs are $5,476.

    The average rate for the prior week (2024-11-01) was 6.73% and one month ago for the week of 2024-10-04, the average rate was 6.06%.

    The average rate one year ago was 7.41%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.34%.

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

    Statesboro 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 Statesboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 32 6.79% $6,407
    BROKER SOLUTIONS, INC. 12 6.36% $11,412
    UNITED WHOLESALE MORTGAGE, LLC 11 6.38% $9,506
    BANKSOUTH MORTGAGE COMPANY, LLC 8 6.16% $11,623
    PENNYMAC LOAN SERVICES, LLC 8 5.19% $6,086
    MOVEMENT MORTGAGE, LLC 6 6.94% $6,739
    NAVY FEDERAL CREDIT UNION 6 5.73% $3,414
    QUICKEN LOANS, LLC 6 6.06% $12,455
    GUARANTEED RATE, INC. 5 6.23% $4,476
    Flagstar Bank, FSB 5 6.66% $6,343
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 8.03% $2,463
    GUILD MORTGAGE COMPANY 4 6.34% $12,674
    CARDINAL FINANCIAL 3 6.92% $14,691
    Mr. Cooper ( Nationstar Mortgage ) 3 6.00% $10,948
    The Central Trust Bank 2 5.88% $8,693
    Equity Prime Mortgage LLC 2 6.50% $4,386
    Magnolia Bank 2 5.81% $13,818
    HOMESTAR FINANCIAL CORPORATION 2 6.75% $1,073
    USAA Federal Savings Bank 2 6.06% $4,753
    NEW DAY FINANCIAL, LLC 2 7.74% $15,332
    Willamette Valley Bank 2 6.44% $7,001
    Nations Lending Corporation 2 6.25% $13,018
    FREEDOM MORTGAGE CORPORATION 2 7.00% $14,107
    Synovus Bank 2 5.94% $10,985
    TOWNE MORTGAGE COMPANY 1 6.49% $10,931
    Ameris Bank 1 6.00% $16,774
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $2,815
    Barrington Bank & Trust Company, N.A. 1 7.25% $10,067
    Carrington Mortgage Services, LLC 1 6.75% $12,121
    Colony Bank 1 6.50% $4,287
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.63% $1,209
    GUARANTY HOME MORTGAGE CORPORATION 1 6.25% $10,853
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $6,217
    LOANDEPOT.COM, LLC 1 7.13% $4,226
    MILEND, INC. 1 7.13% $9,635
    MORTGAGE EQUITY PARTNERS LLC 1 7.13% $11,524
    Queensborough National Bank & Trust Company 1 6.75% $4,186
    Renasant Bank 1 6.75% $6,627
    RESIDENTIAL HOME FUNDING CORP. 1 5.50% $21,019
    SOUTHERN TRUST MORTGAGE, LLC 1 6.88% $10,556
    STOCKTON MORTGAGE CORPORATION 1 6.25% $4,228
    SWBC MORTGAGE CORPORATION 1 7.25% $775
    The Federal Savings Bank 1 6.75% $13,925
    AmeriHome Mortgage Company, LLC 1 6.13% $888
    UNION HOME MORTGAGE CORP. 1 5.88% $9,285
    VILLAGE CAPITAL MORTGAGE 1 6.75% $16,520

    The top Statesboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 32 VA loans originated. Their average total fees are $6,407, which is $5,005 lower than the next largest lender, BROKER SOLUTIONS, INC..

    The lowest fee Statesboro VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,407), UNITED WHOLESALE MORTGAGE, LLC ($9,506), BROKER SOLUTIONS, INC. ($11,412), .

    The lowest rate Statesboro VA lenders (with over 10 loans originated) are BROKER SOLUTIONS, INC. (6.36%), UNITED WHOLESALE MORTGAGE, LLC (6.38%), Mortgage Research Center, LLC (6.79%), .

    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.