Tifton VA Loan Rates, Closing Costs & Stats

Tifton, 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.

    Tifton's 23 lenders originated 58 VA loans during 2023. The total origination value was $15,940,000, with an average VA loan value of $274,828.

    Tifton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tifton averaged 6.83% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Tifton's average VA mortgage closing costs are $4,890.

    The average rate for the prior week (2024-04-12) was 6.66% and one month ago for the week of 2024-03-15, the average rate was 6.42%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Tifton 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 Tifton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 17 7.15% $5,634
    QUICKEN LOANS, LLC 5 5.89% $12,237
    The Federal Savings Bank 3 6.50% $15,036
    BANKSOUTH MORTGAGE COMPANY, LLC 3 6.46% $10,689
    NAVY FEDERAL CREDIT UNION 2 6.06% $11,435
    LOANDEPOT.COM, LLC 2 6.12% $9,464
    TOWNE MORTGAGE COMPANY 2 5.69% $7,022
    CANOPY MORTGAGE, LLC 2 6.25% $9,448
    UNITED WHOLESALE MORTGAGE, LLC 2 5.74% $6,910
    USAA Federal Savings Bank 2 6.19% $8,383
    NEW DAY FINANCIAL, LLC 2 7.44% $9,704
    1ST SIGNATURE LENDING, LLC 1 7.25% $12,224
    VYSTAR 1 6.13% $6,500
    Barrington Bank & Trust Company, N.A. 1 7.25% $4,632
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $17,498
    Flagstar Bank, FSB 1 5.75% $1,054
    FREEDOM MORTGAGE CORPORATION 1 6.75% $12,269
    GUARANTEED RATE, INC. 1 7.18% $3,043
    HOMESTAR FINANCIAL CORPORATION 1 6.25% $752
    MORTGAGEONE, INC. 1 6.38% $10,810
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $150
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.50% $19,965
    UNION HOME MORTGAGE CORP. 1 7.50% $3,310

    The top Tifton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $5,634, which is $6,603 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Tifton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,634), .

    The lowest rate Tifton VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.15%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tifton (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 $144,725 (-4.3%) $166,247 (4.4%) 0.00 116
    2018-02-01 $153,075 (2.7%) $175,236 (9.2%) 0.00 117
    2018-03-01 $155,000 (3.0%) $181,505 (7.8%) 0.00 125
    2018-04-01 $169,450 (6.0%) $192,432 (10.4%) 0.00 129
    2018-05-01 $169,450 (7.6%) $189,931 (8.3%) 0.00 118
    2018-06-01 $174,950 (14.8%) $197,028 (11.0%) 0.00 110
    2018-07-01 $174,900 (20.7%) $197,892 (17.7%) 0.00 105
    2018-08-01 $165,000 (17.9%) $188,990 (14.9%) 0.00 119
    2018-09-01 $159,000 (12.8%) $187,568 (14.2%) 0.00 130
    2018-10-01 $156,400 (13.6%) $185,010 (15.5%) 0.00 128
    2018-11-01 $152,900 (15.4%) $180,868 (13.2%) 0.00 128
    2018-12-01 $163,900 (22.3%) $184,656 (16.8%) 0.00 126
    2019-01-01 $179,450 (24.0%) $189,231 (13.8%) 0.00 112
    2019-02-01 $165,050 (7.8%) $192,699 (10.0%) 0.00 115
    2019-03-01 $172,557 (11.3%) $196,394 (8.2%) 0.00 110
    2019-04-01 $177,325 (4.7%) $203,255 (5.6%) 0.00 103
    2019-05-01 $173,800 (2.6%) $209,462 (10.3%) 0.00 105
    2019-06-01 $177,875 (1.7%) $208,323 (5.7%) 0.00 99
    2019-07-01 $179,000 (2.3%) $210,352 (6.3%) 0.00 97
    2019-08-01 $182,300 (10.5%) $213,498 (13.0%) 0.00 96
    2019-09-01 $180,950 (13.8%) $209,480 (11.7%) 0.00 96
    2019-10-01 $182,575 (16.7%) $207,674 (12.3%) 0.00 97
    2019-11-01 $184,950 (21.0%) $212,129 (17.3%) 0.00 104
    2019-12-01 $178,625 (9.0%) $199,062 (7.8%) 0.00 105
    2020-01-01 $179,000 (-0.3%) $200,629 (6.0%) 0.00 102
    2020-02-01 $177,450 (7.5%) $199,452 (3.5%) 0.00 99
    2020-03-01 $182,175 (5.6%) $205,048 (4.4%) 0.00 82
    2020-04-01 $203,725 (14.9%) $211,023 (3.8%) 0.00 82
    2020-05-01 $214,900 (23.7%) $223,053 (6.5%) 0.00 77
    2020-06-01 $226,175 (27.2%) $229,424 (10.1%) 0.00 68
    2020-07-01 $236,900 (32.4%) $238,183 (13.2%) 0.00 64
    2020-08-01 $252,200 (38.3%) $264,017 (23.7%) 0.00 54
    2020-09-01 $232,400 (28.4%) $266,236 (27.1%) 0.00 47
    2020-10-01 $214,900 (17.7%) $250,414 (20.6%) 0.00 53
    2020-11-01 $214,600 (16.0%) $247,903 (16.9%) 0.00 43
    2020-12-01 $146,425 (-18.0%) $178,076 (-10.5%) 0.00 65
    2021-01-01 $198,700 (11.0%) $260,108 (29.7%) 0.00 45
    2021-02-01 $199,900 (12.7%) $247,771 (24.2%) 0.00 40
    2021-03-01 $192,425 (5.6%) $245,134 (19.6%) 0.00 38
    2021-04-01 $223,750 (9.8%) $266,845 (26.5%) 0.00 39
    2021-05-01 $219,000 (1.9%) $259,459 (16.3%) 0.00 44
    2021-06-01 $214,450 (-5.2%) $233,931 (2.0%) 0.00 44
    2021-07-01 $219,950 (-7.2%) $244,680 (2.7%) 0.00 42
    2021-08-01 $192,925 (-23.5%) $242,582 (-8.1%) 0.00 50
    2021-09-01 $196,250 (-15.6%) $232,068 (-12.8%) 0.00 48
    2021-10-01 $214,500 (-0.2%) $252,017 (0.6%) 0.00 39
    2021-11-01 $225,725 (5.2%) $251,505 (1.5%) 0.00 31
    2021-12-01 $220,000 (50.3%) $249,441 (40.1%) 0.00 36
    2022-01-01 $229,450 (15.5%) $255,353 (-1.8%) 0.00 38
    2022-02-01 $238,700 (19.4%) $284,113 (14.7%) 0.00 36
    2022-03-01 $302,750 (57.3%) $341,091 (39.1%) 0.00 35
    2022-04-01 $317,250 (41.8%) $372,058 (39.4%) 0.00 31
    2022-05-01 $281,125 (28.4%) $350,214 (35.0%) 0.00 35
    2022-06-01 $273,750 (27.7%) $344,751 (47.4%) 0.00 35
    2022-07-01 $245,000 (11.4%) $330,480 (35.1%) 0.00 41
    2022-08-01 $248,275 (28.7%) $316,396 (30.4%) 0.00 46
    2022-09-01 $246,500 (25.6%) $351,654 (51.5%) 0.00 48
    2022-10-01 $260,000 (21.2%) $331,912 (31.7%) 0.00 52
    2022-11-01 $266,750 (18.2%) $341,953 (36.0%) 0.00 60
    2022-12-01 $276,500 (25.7%) $343,280 (37.6%) 0.00 63
    2023-01-01 $276,500 (20.5%) $348,494 (36.5%) 0.00 64
    2023-02-01 $259,900 (8.9%) $339,100 (19.4%) 0.00 55
    2023-03-01 $253,450 (-16.3%) $321,427 (-5.8%) 0.00 51
    2023-04-01 $250,000 (-21.2%) $324,139 (-12.9%) 0.00 48
    2023-05-01 $250,725 (-10.8%) $323,546 (-7.6%) 0.00 46
    2023-06-01 $257,550 (-5.9%) $344,220 (-0.2%) 0.00 50
    2023-07-01 $259,900 (6.1%) $335,147 (1.4%) 0.00 54
    2023-08-01 $273,820 (10.3%) $346,081 (9.4%) 0.00 64
    2023-09-01 $275,000 (11.6%) $307,985 (-12.4%) 0.00 68
    2023-10-01 $279,475 (7.5%) $313,411 (-5.6%) 0.00 66
    2023-11-01 $292,500 (9.7%) $314,866 (-7.9%) 0.00 67
    2023-12-01 $274,000 (-0.9%) $315,430 (-8.1%) 0.00 69
    2024-01-01 $277,475 (0.4%) $329,897 (-5.3%) 0.00 64
    2024-02-01 $272,310 (4.8%) $311,349 (-8.2%) 0.00 68
    2024-03-01 $259,750 (2.5%) $285,791 (-11.1%) 0.00 63
    Tifton's median listing price for 2024-03-01 was $259,750, a difference of $6,300 (2.5%) versus the prior year and $-12,560 versus the prior month.

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

    Tifton's average listing price for 2024-03-01 was $285,791, a difference of $-35,636 (-11.1%) versus the prior year and $-25,558 versus the prior month.

    For the 2024-03-01 period, Tifton had 63 MLS listings, a difference of -5 listings (-7%) versus the prior month and 12 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tifton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 sqft
    2018-02-01 0 days 1,913 sqft
    2018-03-01 0 days 1,971 sqft
    2018-04-01 0 days 2,095 sqft
    2018-05-01 0 days 2,007 sqft
    2018-06-01 0 days 2,040 sqft
    2018-07-01 0 days 2,156 sqft
    2018-08-01 0 days 2,030 sqft
    2018-09-01 0 days 2,007 sqft
    2018-10-01 0 days 1,996 sqft
    2018-11-01 0 days 1,853 sqft
    2018-12-01 0 days 1,932 sqft
    2019-01-01 0 days 1,991 sqft
    2019-02-01 0 days 2,002 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,023 sqft
    2019-05-01 0 days 2,047 sqft
    2019-06-01 0 days 2,045 sqft
    2019-07-01 0 days 2,047 sqft
    2019-08-01 0 days 2,070 sqft
    2019-09-01 0 days 2,078 sqft
    2019-10-01 0 days 2,084 sqft
    2019-11-01 0 days 2,050 sqft
    2019-12-01 0 days 2,044 sqft
    2020-01-01 0 days 2,037 sqft
    2020-02-01 0 days 1,992 sqft
    2020-03-01 0 days 1,994 sqft
    2020-04-01 0 days 1,987 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,200 sqft
    2020-07-01 0 days 2,234 sqft
    2020-08-01 0 days 2,200 sqft
    2020-09-01 0 days 2,105 sqft
    2020-10-01 0 days 2,096 sqft
    2020-11-01 0 days 2,096 sqft
    2020-12-01 0 days 2,247 sqft
    2021-01-01 0 days 2,133 sqft
    2021-02-01 0 days 2,136 sqft
    2021-03-01 0 days 2,054 sqft
    2021-04-01 0 days 1,908 sqft
    2021-05-01 0 days 1,956 sqft
    2021-06-01 0 days 1,855 sqft
    2021-07-01 0 days 1,945 sqft
    2021-08-01 0 days 1,882 sqft
    2021-09-01 0 days 1,766 sqft
    2021-10-01 0 days 1,818 sqft
    2021-11-01 0 days 1,961 sqft
    2021-12-01 0 days 1,963 sqft
    2022-01-01 0 days 1,962 sqft
    2022-02-01 0 days 1,897 sqft
    2022-03-01 0 days 1,926 sqft
    2022-04-01 0 days 2,015 sqft
    2022-05-01 0 days 2,189 sqft
    2022-06-01 0 days 2,250 sqft
    2022-07-01 0 days 1,901 sqft
    2022-08-01 0 days 1,865 sqft
    2022-09-01 0 days 2,069 sqft
    2022-10-01 0 days 2,058 sqft
    2022-11-01 0 days 2,076 sqft
    2022-12-01 0 days 2,086 sqft
    2023-01-01 0 days 2,086 sqft
    2023-02-01 0 days 2,086 sqft
    2023-03-01 0 days 1,914 sqft
    2023-04-01 0 days 1,897 sqft
    2023-05-01 0 days 1,842 sqft
    2023-06-01 0 days 1,996 sqft
    2023-07-01 0 days 2,030 sqft
    2023-08-01 0 days 1,992 sqft
    2023-09-01 0 days 1,945 sqft
    2023-10-01 0 days 1,957 sqft
    2023-11-01 0 days 1,981 sqft
    2023-12-01 0 days 1,923 sqft
    2024-01-01 0 days 1,957 sqft
    2024-02-01 0 days 1,945 sqft
    2024-03-01 0 days 1,862 sqft
    Tifton's median listing age (time on market) for 2024-03-01 was 0 days.

    Tifton's median square footage for active listings during the 2024-03-01 period was 1,862 sqft. One year prior, the average listing was 1,914 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.