Talladega VA Loan Rates, Closing Costs & Stats

Talladega-Sylacauga, AL

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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.

    Talladega's 37 lenders originated 99 VA loans during 2023. The total origination value was $24,625,000, with an average VA loan value of $248,737.

    Talladega VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Talladega averaged 6.91% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Talladega's average VA mortgage closing costs are $4,950.

    The average rate for the prior week (2024-04-12) was 6.84% and one month ago for the week of 2024-03-15, the average rate was 6.9%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Talladega 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 Talladega level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 11 6.41% $5,109
    UNITED WHOLESALE MORTGAGE, LLC 8 6.39% $5,416
    PENNYMAC LOAN SERVICES, LLC 6 5.19% $5,839
    MOVEMENT MORTGAGE, LLC 6 6.69% $5,117
    NEW DAY FINANCIAL, LLC 5 7.45% $7,548
    CORNERSTONE HOME LENDING, INC. 5 6.50% $2,494
    QUICKEN LOANS, LLC 5 6.28% $9,496
    GUILD MORTGAGE COMPANY 4 6.78% $12,077
    FREEDOM MORTGAGE CORPORATION 4 6.91% $14,500
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.38% $8,889
    SouthPoint Bank 3 7.08% $8,298
    Ameris Bank 3 6.88% $2,567
    FIRST COMMUNITY MORTGAGE, INC. 2 5.44% $6,875
    VILLAGE CAPITAL MORTGAGE 2 5.75% $1,544
    HOMESTAR FINANCIAL CORPORATION 2 6.94% $2,418
    NAVY FEDERAL CREDIT UNION 2 5.81% $8,173
    Renasant Bank 2 5.88% $6,338
    Synovus Bank 1 6.75% $2,919
    The Federal Savings Bank 1 6.75% $7,758
    USAA Federal Savings Bank 1 6.63% $3,515
    LOANDEPOT.COM, LLC 1 6.50% $13,371
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $5,859
    Barrington Bank & Trust Company, N.A. 1 6.25% $4,726
    BROKER SOLUTIONS, INC. 1 6.75% $10,951
    CANOPY MORTGAGE, LLC 1 6.75% $13,909
    DAS Acquisition Company, LLC 1 5.75% $5,839
    FBC MORTGAGE, LLC 1 5.75% $17,751
    First Horizon Bank 1 6.63% $3,399
    HUNT MORTGAGE CORPORATION 1 7.25% $1,284
    Ixonia Bank 1 7.25% $2,378
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $7,188
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $3,903
    MILEND, INC. 1 6.75% $15,420
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.00% $435
    Plains Commerce Bank 1 6.00% $8,618
    Regions Bank 1 7.13% $2,855
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.25% $8,649

    The top Talladega VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $5,109, which is $307 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Talladega VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,109), .

    The lowest rate Talladega VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.41%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Talladega (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 $159,900 (12.4%) $215,256 (14.0%) 0.00 283
    2018-02-01 $154,925 (5.4%) $208,196 (7.7%) 0.00 281
    2018-03-01 $154,900 (3.3%) $219,535 (8.7%) 0.00 279
    2018-04-01 $168,000 (12.1%) $234,198 (12.8%) 0.00 269
    2018-05-01 $167,425 (4.9%) $231,057 (8.3%) 0.00 272
    2018-06-01 $168,950 (6.2%) $231,593 (9.5%) 0.00 274
    2018-07-01 $164,900 (3.1%) $222,597 (4.8%) 0.00 279
    2018-08-01 $163,875 (2.5%) $218,751 (3.2%) 0.00 287
    2018-09-01 $162,200 (2.7%) $221,859 (4.7%) 0.00 289
    2018-10-01 $159,975 (2.9%) $227,438 (8.8%) 0.00 304
    2018-11-01 $160,000 (0.1%) $239,076 (12.2%) 0.00 296
    2018-12-01 $149,900 (-6.3%) $231,650 (10.0%) 0.00 274
    2019-01-01 $150,600 (-5.8%) $228,421 (6.1%) 0.00 271
    2019-02-01 $156,925 (1.3%) $222,978 (7.1%) 0.00 276
    2019-03-01 $159,671 (3.1%) $234,716 (6.9%) 0.00 267
    2019-04-01 $162,200 (-3.5%) $240,716 (2.8%) 0.00 263
    2019-05-01 $169,900 (1.5%) $244,539 (5.8%) 0.00 264
    2019-06-01 $169,900 (0.6%) $249,189 (7.6%) 0.00 274
    2019-07-01 $164,250 (-0.4%) $242,419 (8.9%) 0.00 289
    2019-08-01 $169,991 (3.7%) $245,007 (12.0%) 0.00 303
    2019-09-01 $171,627 (5.8%) $247,933 (11.8%) 0.00 312
    2019-10-01 $172,900 (8.1%) $250,086 (10.0%) 0.00 311
    2019-11-01 $171,450 (7.2%) $237,900 (-0.5%) 0.00 297
    2019-12-01 $172,175 (14.9%) $230,066 (-0.7%) 0.00 297
    2020-01-01 $169,950 (12.9%) $231,167 (1.2%) 0.00 273
    2020-02-01 $169,900 (8.3%) $234,292 (5.1%) 0.00 268
    2020-03-01 $168,875 (5.8%) $230,118 (-2.0%) 0.00 274
    2020-04-01 $169,900 (4.8%) $229,766 (-4.6%) 0.00 275
    2020-05-01 $169,900 (0.0%) $232,042 (-5.1%) 0.00 254
    2020-06-01 $180,650 (6.3%) $234,340 (-6.0%) 0.00 224
    2020-07-01 $187,450 (14.1%) $249,609 (3.0%) 0.00 192
    2020-08-01 $184,950 (8.8%) $243,962 (-0.4%) 0.00 171
    2020-09-01 $184,900 (7.7%) $251,958 (1.6%) 0.00 168
    2020-10-01 $180,000 (4.1%) $263,853 (5.5%) 0.00 152
    2020-11-01 $184,055 (7.4%) $245,824 (3.3%) 0.00 163
    2020-12-01 $178,925 (3.9%) $229,565 (-0.2%) 0.00 160
    2021-01-01 $181,485 (6.8%) $247,130 (6.9%) 0.00 140
    2021-02-01 $162,093 (-4.6%) $243,046 (3.7%) 0.00 125
    2021-03-01 $174,050 (3.1%) $248,639 (8.1%) 0.00 129
    2021-04-01 $174,950 (3.0%) $273,148 (18.9%) 0.00 116
    2021-05-01 $175,900 (3.5%) $283,464 (22.2%) 0.00 119
    2021-06-01 $197,928 (9.6%) $309,005 (31.9%) 0.00 114
    2021-07-01 $219,900 (17.3%) $317,273 (27.1%) 0.00 131
    2021-08-01 $196,750 (6.4%) $305,153 (25.1%) 0.00 146
    2021-09-01 $188,675 (2.0%) $291,362 (15.6%) 0.00 142
    2021-10-01 $179,900 (-0.1%) $285,005 (8.0%) 0.00 145
    2021-11-01 $169,900 (-7.7%) $290,957 (18.4%) 0.00 134
    2021-12-01 $171,225 (-4.3%) $299,051 (30.3%) 0.00 127
    2022-01-01 $179,900 (-0.9%) $295,997 (19.8%) 0.00 113
    2022-02-01 $193,925 (19.6%) $297,813 (22.5%) 0.00 104
    2022-03-01 $178,675 (2.7%) $255,148 (2.6%) 0.00 87
    2022-04-01 $187,450 (7.1%) $271,879 (-0.5%) 0.00 103
    2022-05-01 $205,475 (16.8%) $286,655 (1.1%) 0.00 140
    2022-06-01 $211,175 (6.7%) $273,124 (-11.6%) 0.00 157
    2022-07-01 $214,950 (-2.3%) $267,080 (-15.8%) 0.00 172
    2022-08-01 $220,400 (12.0%) $280,332 (-8.1%) 0.00 181
    2022-09-01 $221,500 (17.4%) $275,788 (-5.4%) 0.00 176
    2022-10-01 $220,950 (22.8%) $282,226 (-1.0%) 0.00 175
    2022-11-01 $218,138 (28.4%) $269,925 (-7.2%) 0.00 200
    2022-12-01 $218,760 (27.8%) $266,170 (-11.0%) 0.00 188
    2023-01-01 $214,200 (19.1%) $266,305 (-10.0%) 0.00 182
    2023-02-01 $199,900 (3.1%) $252,371 (-15.3%) 0.00 178
    2023-03-01 $201,028 (12.5%) $258,165 (1.2%) 0.00 166
    2023-04-01 $204,185 (8.9%) $266,746 (-1.9%) 0.00 158
    2023-05-01 $201,955 (-1.7%) $264,226 (-7.8%) 0.00 158
    2023-06-01 $200,950 (-4.8%) $261,914 (-4.1%) 0.00 190
    2023-07-01 $215,000 (0.0%) $270,287 (1.2%) 0.00 206
    2023-08-01 $214,975 (-2.5%) $277,555 (-1.0%) 0.00 194
    2023-09-01 $212,435 (-4.1%) $261,517 (-5.2%) 0.00 198
    2023-10-01 $213,605 (-3.3%) $259,234 (-8.2%) 0.00 215
    2023-11-01 $217,583 (-0.3%) $269,558 (-0.1%) 0.00 212
    2023-12-01 $220,180 (0.7%) $278,252 (4.5%) 0.00 210
    2024-01-01 $213,075 (-0.5%) $262,468 (-1.4%) 0.00 212
    2024-02-01 $223,285 (11.7%) $272,132 (7.8%) 0.00 206
    2024-03-01 $230,530 (14.7%) $294,760 (14.2%) 0.00 200
    Talladega's median listing price for 2024-03-01 was $230,530, a difference of $29,502 (14.7%) versus the prior year and $7,245 versus the prior month.

    Talladega's median listing price comes in at 0% of the national average.

    Talladega's average listing price for 2024-03-01 was $294,760, a difference of $36,595 (14.2%) versus the prior year and $22,628 versus the prior month.

    For the 2024-03-01 period, Talladega had 200 MLS listings, a difference of -6 listings (-3%) versus the prior month and 34 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Talladega (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,000 sqft
    2018-02-01 0 days 1,977 sqft
    2018-03-01 0 days 1,999 sqft
    2018-04-01 0 days 1,997 sqft
    2018-05-01 0 days 1,993 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 1,939 sqft
    2018-08-01 0 days 1,909 sqft
    2018-09-01 0 days 1,889 sqft
    2018-10-01 0 days 1,863 sqft
    2018-11-01 0 days 1,895 sqft
    2018-12-01 0 days 1,869 sqft
    2019-01-01 0 days 1,817 sqft
    2019-02-01 0 days 1,800 sqft
    2019-03-01 0 days 1,831 sqft
    2019-04-01 0 days 1,871 sqft
    2019-05-01 0 days 1,897 sqft
    2019-06-01 0 days 1,860 sqft
    2019-07-01 0 days 1,801 sqft
    2019-08-01 0 days 1,799 sqft
    2019-09-01 0 days 1,781 sqft
    2019-10-01 0 days 1,770 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,801 sqft
    2020-01-01 0 days 1,806 sqft
    2020-02-01 0 days 1,811 sqft
    2020-03-01 0 days 1,806 sqft
    2020-04-01 0 days 1,802 sqft
    2020-05-01 0 days 1,808 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,851 sqft
    2020-08-01 0 days 1,932 sqft
    2020-09-01 0 days 1,894 sqft
    2020-10-01 0 days 1,909 sqft
    2020-11-01 0 days 1,852 sqft
    2020-12-01 0 days 1,802 sqft
    2021-01-01 0 days 1,801 sqft
    2021-02-01 0 days 1,692 sqft
    2021-03-01 0 days 1,713 sqft
    2021-04-01 0 days 1,744 sqft
    2021-05-01 0 days 1,689 sqft
    2021-06-01 0 days 1,788 sqft
    2021-07-01 0 days 1,908 sqft
    2021-08-01 0 days 1,809 sqft
    2021-09-01 0 days 1,731 sqft
    2021-10-01 0 days 1,765 sqft
    2021-11-01 0 days 1,800 sqft
    2021-12-01 0 days 1,718 sqft
    2022-01-01 0 days 1,690 sqft
    2022-02-01 0 days 1,723 sqft
    2022-03-01 0 days 1,670 sqft
    2022-04-01 0 days 1,687 sqft
    2022-05-01 0 days 1,669 sqft
    2022-06-01 0 days 1,639 sqft
    2022-07-01 0 days 1,665 sqft
    2022-08-01 0 days 1,749 sqft
    2022-09-01 0 days 1,786 sqft
    2022-10-01 0 days 1,844 sqft
    2022-11-01 0 days 1,746 sqft
    2022-12-01 0 days 1,723 sqft
    2023-01-01 0 days 1,730 sqft
    2023-02-01 0 days 1,570 sqft
    2023-03-01 0 days 1,615 sqft
    2023-04-01 0 days 1,650 sqft
    2023-05-01 0 days 1,653 sqft
    2023-06-01 0 days 1,572 sqft
    2023-07-01 0 days 1,595 sqft
    2023-08-01 0 days 1,584 sqft
    2023-09-01 0 days 1,562 sqft
    2023-10-01 0 days 1,624 sqft
    2023-11-01 0 days 1,646 sqft
    2023-12-01 0 days 1,652 sqft
    2024-01-01 0 days 1,643 sqft
    2024-02-01 0 days 1,748 sqft
    2024-03-01 0 days 1,808 sqft
    Talladega's median listing age (time on market) for 2024-03-01 was 0 days.

    Talladega's median square footage for active listings during the 2024-03-01 period was 1,808 sqft. One year prior, the average listing was 1,615 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.