Talladega VA Loan Rates, Closing Costs & Stats

Talladega-Sylacauga, 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.

Talladega's 51 lenders originated 151 VA loans during 2022. The total origination value was $34,805,000, with an average VA loan value of $230,497.

Talladega VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Talladega averaged 6.35% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Talladega's average VA mortgage closing costs are $4,739.

The average rate for the prior week (2024-02-09) was 5.91% and one month ago for the week of 2024-01-12, the average rate was 6.07%.

The average rate one year ago was 5.53%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.69%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 27 5.21% $5,068
UNITED WHOLESALE MORTGAGE, LLC 10 4.77% $10,845
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 5.04% $1,297
QUICKEN LOANS, LLC 8 4.45% $8,187
NAVY FEDERAL CREDIT UNION 7 3.70% $4,119
NEW DAY FINANCIAL, LLC 7 5.03% $7,174
MOVEMENT MORTGAGE, LLC 6 4.73% $4,325
PENNYMAC LOAN SERVICES, LLC 4 3.34% $5,756
Truist 4 4.06% $2,237
HOME POINT FINANCIAL CORPORATION 3 4.74% $6,501
SUCCESS MORTGAGE PARTNERS, INC. 3 4.50% $6,726
The Federal Savings Bank 2 4.06% $7,084
BancorpSouth 2 4.38% $2,707
CORNERSTONE HOME LENDING, INC. 2 6.50% $2,847
HUNT MORTGAGE CORPORATION 2 5.25% $11,141
LAKEVIEW LOAN SERVICING, LLC 2 4.88% $6,384
Mid-Continent Funding, Inc. 2 3.44% $5,100
Mr. Cooper ( Nationstar Mortgage ) 2 5.25% $8,404
Prosperity Home Mortgage, LLC 2 4.44% $12,967
Renasant Bank 2 5.00% $3,112
INTERLINC MORTGAGE SERVICES, LLC 1 5.00% $10,161
Ameris Bank 1 6.75% $4,455
LEADERONE FINANCIAL CORPORATION 1 5.25% $4,828
LOANDEPOT.COM, LLC 1 5.63% $9,966
Magnolia Bank 1 5.75% $17,352
AMERISAVE MORTGAGE CORPORATION 1 4.25% $6,526
GUARANTEED RATE AFFINITY, LLC 1 4.38% $2,681
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $2,643
FREEDOM MORTGAGE CORPORATION 1 4.88% $3,900
USAA Federal Savings Bank 1 4.75% $5,832
Nations Lending Corporation 1 5.25% $7,571
FIRST COMMUNITY MORTGAGE, INC. 1 5.13% $9,013
FirstBank 1 3.75% $2,532
Northpointe Bank 1 4.63% $10,318
CLEARPATH LENDING 1 6.50% $11,663
PLANET HOME LENDING, LLC 1 6.13% $5,365
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $8,699
VILLAGE CAPITAL MORTGAGE 1 5.50% $9,622
Capital Bank 1 5.75% $10,088
Regions Bank 1 3.50% $4,104
Wells Fargo Bank 1 5.75% $1,743
SOVEREIGN LENDING GROUP INCORPORATED 1 4.25% $9,454
Assurance Financial Group, L.L.C. 1 4.50% $1,452
The Central Trust Bank 1 2.75% $17,009
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.99% $4,729
GUILD MORTGAGE COMPANY 1 5.00% $29,756
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.88% $9,549
GUARANTEED RATE, INC. 1 5.25% $5,048
HomePromise Corporation 1 4.88% $9,797
Hometown Lenders, Inc. 1 5.75% $4,217
THE MORTGAGE FIRM, INC. 1 6.25% $4,409

The top Talladega VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $5,068, which is $5,776 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 ($5,068), UNITED WHOLESALE MORTGAGE, LLC ($10,845), .

The lowest rate Talladega VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.77%), Mortgage Research Center, LLC (5.21%), .


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 $161,525 (12.9%) $217,997 (14.2%) 0.00 327
2018-02-01 $159,450 (5.3%) $215,027 (7.9%) 0.00 321
2018-03-01 $163,500 (3.4%) $228,509 (8.7%) 0.00 322
2018-04-01 $169,900 (11.7%) $243,919 (12.9%) 0.00 310
2018-05-01 $173,200 (4.5%) $245,457 (8.3%) 0.00 311
2018-06-01 $175,000 (5.7%) $247,328 (9.6%) 0.00 318
2018-07-01 $169,900 (3.1%) $242,930 (4.8%) 0.00 325
2018-08-01 $167,875 (2.3%) $239,847 (3.3%) 0.00 341
2018-09-01 $169,900 (2.5%) $242,808 (4.9%) 0.00 346
2018-10-01 $166,750 (3.2%) $250,148 (9.0%) 0.00 359
2018-11-01 $168,625 (0.1%) $255,744 (12.2%) 0.00 349
2018-12-01 $159,500 (-6.3%) $252,995 (10.1%) 0.00 325
2019-01-01 $159,900 (-5.8%) $248,492 (6.2%) 0.00 318
2019-02-01 $160,900 (1.4%) $244,921 (7.3%) 0.00 323
2019-03-01 $167,043 (4.1%) $258,982 (7.3%) 0.00 315
2019-04-01 $172,400 (-1.7%) $267,439 (3.2%) 0.00 317
2019-05-01 $185,425 (1.9%) $271,826 (6.2%) 0.00 325
2019-06-01 $186,200 (1.2%) $270,827 (8.2%) 0.00 334
2019-07-01 $170,788 (-0.3%) $262,107 (9.2%) 0.00 354
2019-08-01 $172,464 (3.9%) $261,876 (12.3%) 0.00 365
2019-09-01 $173,722 (6.7%) $261,791 (11.9%) 0.00 370
2019-10-01 $174,800 (8.1%) $263,550 (10.0%) 0.00 366
2019-11-01 $172,900 (7.2%) $252,160 (-0.3%) 0.00 345
2019-12-01 $172,900 (14.9%) $240,721 (-0.7%) 0.00 340
2020-01-01 $173,700 (12.9%) $253,423 (1.2%) 0.00 311
2020-02-01 $170,000 (8.3%) $254,037 (5.0%) 0.00 308
2020-03-01 $169,950 (4.8%) $248,580 (-2.1%) 0.00 309
2020-04-01 $171,450 (3.2%) $251,631 (-4.8%) 0.00 307
2020-05-01 $180,400 (0.0%) $258,994 (-5.6%) 0.00 286
2020-06-01 $184,800 (6.2%) $255,741 (-6.8%) 0.00 254
2020-07-01 $191,298 (14.3%) $266,273 (3.0%) 0.00 218
2020-08-01 $189,450 (8.8%) $256,721 (-0.5%) 0.00 195
2020-09-01 $187,950 (7.7%) $264,473 (1.7%) 0.00 184
2020-10-01 $187,950 (4.1%) $278,676 (5.7%) 0.00 168
2020-11-01 $185,843 (7.6%) $263,604 (3.5%) 0.00 179
2020-12-01 $184,478 (4.5%) $255,134 (0.2%) 0.00 177
2021-01-01 $185,065 (6.8%) $276,939 (7.4%) 0.00 157
2021-02-01 $172,400 (-4.6%) $270,862 (3.7%) 0.00 139
2021-03-01 $176,975 (3.2%) $267,086 (8.3%) 0.00 146
2021-04-01 $177,400 (3.2%) $284,306 (19.5%) 0.00 134
2021-05-01 $186,230 (4.1%) $300,185 (23.2%) 0.00 139
2021-06-01 $204,850 (9.7%) $316,171 (32.6%) 0.00 133
2021-07-01 $224,900 (17.1%) $315,509 (26.9%) 0.00 155
2021-08-01 $199,900 (6.2%) $308,269 (24.4%) 0.00 169
2021-09-01 $191,250 (0.0%) $300,876 (13.7%) 0.00 162
2021-10-01 $189,950 (-0.1%) $306,654 (6.3%) 0.00 167
2021-11-01 $177,375 (-8.3%) $308,172 (16.2%) 0.00 149
2021-12-01 $179,500 (-5.5%) $320,753 (27.5%) 0.00 141
2022-01-01 $189,900 (-1.4%) $330,329 (16.9%) 0.00 132
2022-02-01 $202,973 (19.0%) $323,230 (20.2%) 0.00 121
2022-03-01 $189,750 (2.5%) $292,513 (2.3%) 0.00 105
2022-04-01 $198,000 (6.9%) $299,844 (-1.0%) 0.00 120
2022-05-01 $215,975 (16.2%) $312,601 (0.6%) 0.00 159
2022-06-01 $220,873 (6.7%) $292,600 (-11.6%) 0.00 176
2022-07-01 $221,000 (-2.3%) $287,442 (-15.8%) 0.00 191
2022-08-01 $227,500 (12.2%) $299,787 (-7.7%) 0.00 203
2022-09-01 $229,999 (19.8%) $292,521 (-3.8%) 0.00 202
2022-10-01 $233,025 (22.3%) $301,191 (0.5%) 0.00 202
2022-11-01 $219,975 (28.5%) $288,860 (-5.8%) 0.00 229
2022-12-01 $222,190 (28.2%) $281,851 (-9.6%) 0.00 216
2023-01-01 $219,000 (18.3%) $281,781 (-8.5%) 0.00 206
2023-02-01 $199,975 (3.3%) $266,773 (-14.0%) 0.00 201
2023-03-01 $204,648 (11.9%) $273,680 (0.7%) 0.00 186
2023-04-01 $207,440 (8.1%) $281,309 (-2.3%) 0.00 173
2023-05-01 $207,853 (-1.7%) $275,184 (-7.9%) 0.00 174
2023-06-01 $205,480 (-4.8%) $270,895 (-4.1%) 0.00 205
2023-07-01 $219,095 (0.0%) $274,568 (1.2%) 0.00 221
2023-08-01 $215,203 (-2.5%) $282,669 (-1.0%) 0.00 207
2023-09-01 $213,681 (-4.1%) $265,110 (-5.1%) 0.00 215
2023-10-01 $214,855 (-2.9%) $268,429 (-8.1%) 0.00 237
2023-11-01 $220,355 (0.1%) $275,489 (0.0%) 0.00 229
2023-12-01 $225,570 (0.0%) $285,880 (0.0%) 0.00 226
Talladega's median listing price for 2023-12-01 was $225,570, a difference of $3,380 (0.0%) versus the prior year and $5,215 versus the prior month.

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

Talladega's average listing price for 2023-12-01 was $285,880, a difference of $4,029 (0.0%) versus the prior year and $10,391 versus the prior month.

For the 2023-12-01 period, Talladega had 226 MLS listings, a difference of -3 listings (-1%) versus the prior month and 10 listings (5%) 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 1,968 sqft
2018-02-01 0 days 1,936 sqft
2018-03-01 0 days 1,997 sqft
2018-04-01 0 days 1,995 sqft
2018-05-01 0 days 1,991 sqft
2018-06-01 0 days 2,000 sqft
2018-07-01 0 days 1,929 sqft
2018-08-01 0 days 1,906 sqft
2018-09-01 0 days 1,888 sqft
2018-10-01 0 days 1,859 sqft
2018-11-01 0 days 1,887 sqft
2018-12-01 0 days 1,860 sqft
2019-01-01 0 days 1,825 sqft
2019-02-01 0 days 1,800 sqft
2019-03-01 0 days 1,835 sqft
2019-04-01 0 days 1,873 sqft
2019-05-01 0 days 1,896 sqft
2019-06-01 0 days 1,856 sqft
2019-07-01 0 days 1,806 sqft
2019-08-01 0 days 1,810 sqft
2019-09-01 0 days 1,791 sqft
2019-10-01 0 days 1,790 sqft
2019-11-01 0 days 1,802 sqft
2019-12-01 0 days 1,802 sqft
2020-01-01 0 days 1,836 sqft
2020-02-01 0 days 1,870 sqft
2020-03-01 0 days 1,826 sqft
2020-04-01 0 days 1,820 sqft
2020-05-01 0 days 1,878 sqft
2020-06-01 0 days 1,802 sqft
2020-07-01 0 days 1,886 sqft
2020-08-01 0 days 1,927 sqft
2020-09-01 0 days 1,898 sqft
2020-10-01 0 days 1,909 sqft
2020-11-01 0 days 1,868 sqft
2020-12-01 0 days 1,811 sqft
2021-01-01 0 days 1,838 sqft
2021-02-01 0 days 1,729 sqft
2021-03-01 0 days 1,713 sqft
2021-04-01 0 days 1,741 sqft
2021-05-01 0 days 1,689 sqft
2021-06-01 0 days 1,776 sqft
2021-07-01 0 days 1,834 sqft
2021-08-01 0 days 1,773 sqft
2021-09-01 0 days 1,703 sqft
2021-10-01 0 days 1,752 sqft
2021-11-01 0 days 1,788 sqft
2021-12-01 0 days 1,718 sqft
2022-01-01 0 days 1,696 sqft
2022-02-01 0 days 1,750 sqft
2022-03-01 0 days 1,700 sqft
2022-04-01 0 days 1,718 sqft
2022-05-01 0 days 1,696 sqft
2022-06-01 0 days 1,645 sqft
2022-07-01 0 days 1,665 sqft
2022-08-01 0 days 1,761 sqft
2022-09-01 0 days 1,834 sqft
2022-10-01 0 days 1,848 sqft
2022-11-01 0 days 1,783 sqft
2022-12-01 0 days 1,747 sqft
2023-01-01 0 days 1,744 sqft
2023-02-01 0 days 1,602 sqft
2023-03-01 0 days 1,623 sqft
2023-04-01 0 days 1,676 sqft
2023-05-01 0 days 1,663 sqft
2023-06-01 0 days 1,589 sqft
2023-07-01 0 days 1,597 sqft
2023-08-01 0 days 1,595 sqft
2023-09-01 0 days 1,573 sqft
2023-10-01 0 days 1,623 sqft
2023-11-01 0 days 1,648 sqft
2023-12-01 0 days 1,678 sqft
Talladega's median listing age (time on market) for 2023-12-01 was 0 days.

Talladega's median square footage for active listings during the 2023-12-01 period was 1,678 sqft. One year prior, the average listing was 1,747 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.