Toccoa VA Loan Rates, Closing Costs & Stats

Toccoa, GA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Toccoa's 17 lenders originated 36 VA loans during 2023. The total origination value was $9,110,000, with an average VA loan value of $253,056.

    Toccoa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Toccoa averaged 6.65% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Toccoa's average VA mortgage closing costs are $5,045.

    The average rate for the prior week (2024-11-01) was 6.6% and one month ago for the week of 2024-10-04, the average rate was 6.03%.

    The average rate one year ago was 7.79%.

    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.

    Toccoa 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 Toccoa level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 15 6.88% $3,615
    HOMESTAR FINANCIAL CORPORATION 2 7.00% $8,892
    First-Citizens Bank & Trust Company 1 5.88% $4,626
    GUARANTEED RATE, INC. 1 6.00% $650
    GUILD MORTGAGE COMPANY 1 6.13% $6,382
    Lend Smart Mortgage, LLC 1 6.25% $2,127
    Magnolia Bank 1 6.13% $5,260
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $12,506
    PLANET HOME LENDING, LLC 1 6.25% $12,060
    QUICKEN LOANS, LLC 1 6.99% $8,665
    RADIUS FINANCIAL GROUP INC. 1 7.25% $10,560
    STOCKTON MORTGAGE CORPORATION 1 6.25% $12,866
    The Federal Savings Bank 1 6.25% $13,669
    UNITED WHOLESALE MORTGAGE, LLC 1 5.38% $2,438
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.75% $3,156
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.75% $700
    DAS Acquisition Company, LLC 1 6.38% $9,427

    The top Toccoa VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $3,615, which is $5,277 lower than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

    The lowest fee Toccoa VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,615), .

    The lowest rate Toccoa VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.88%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Toccoa (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 $216,000 (0.7%) $291,172 (6.4%) 0.00 124
    2018-02-01 $216,000 (-1.9%) $287,059 (4.1%) 0.00 130
    2018-03-01 $229,450 (1.8%) $289,124 (3.0%) 0.00 142
    2018-04-01 $243,475 (8.2%) $298,603 (6.9%) 0.00 144
    2018-05-01 $235,375 (3.7%) $297,791 (8.7%) 0.00 153
    2018-06-01 $229,000 (-3.8%) $292,674 (4.4%) 0.00 158
    2018-07-01 $250,000 (0.0%) $304,483 (2.9%) 0.00 149
    2018-08-01 $250,000 (0.1%) $302,984 (1.4%) 0.00 136
    2018-09-01 $235,000 (-6.0%) $292,799 (-4.0%) 0.00 135
    2018-10-01 $225,000 (-0.4%) $282,041 (-6.4%) 0.00 146
    2018-11-01 $220,000 (-10.6%) $303,628 (-0.5%) 0.00 143
    2018-12-01 $239,000 (1.1%) $315,162 (3.3%) 0.00 129
    2019-01-01 $244,950 (13.4%) $321,139 (10.3%) 0.00 123
    2019-02-01 $224,000 (3.7%) $312,671 (8.9%) 0.00 115
    2019-03-01 $200,143 (-12.8%) $284,988 (-1.4%) 0.00 118
    2019-04-01 $191,818 (-21.2%) $267,286 (-10.5%) 0.00 123
    2019-05-01 $214,175 (-9.0%) $278,289 (-6.6%) 0.00 111
    2019-06-01 $199,900 (-12.7%) $270,920 (-7.4%) 0.00 115
    2019-07-01 $205,825 (-17.7%) $270,769 (-11.1%) 0.00 123
    2019-08-01 $179,655 (-28.1%) $264,438 (-12.7%) 0.00 121
    2019-09-01 $186,711 (-20.6%) $267,007 (-8.8%) 0.00 122
    2019-10-01 $215,350 (-4.3%) $275,868 (-2.2%) 0.00 116
    2019-11-01 $250,000 (13.6%) $299,474 (-1.4%) 0.00 101
    2019-12-01 $252,200 (5.5%) $302,360 (-4.1%) 0.00 89
    2020-01-01 $252,450 (3.1%) $301,616 (-6.1%) 0.00 82
    2020-02-01 $254,900 (13.8%) $297,139 (-5.0%) 0.00 78
    2020-03-01 $247,000 (23.4%) $282,910 (-0.7%) 0.00 78
    2020-04-01 $244,700 (27.6%) $281,015 (5.1%) 0.00 85
    2020-05-01 $247,000 (15.3%) $292,465 (5.1%) 0.00 76
    2020-06-01 $270,750 (35.4%) $314,663 (16.2%) 0.00 66
    2020-07-01 $249,250 (21.1%) $307,401 (13.5%) 0.00 54
    2020-08-01 $257,400 (43.3%) $308,117 (16.5%) 0.00 52
    2020-09-01 $281,150 (50.6%) $320,551 (20.1%) 0.00 55
    2020-10-01 $279,900 (30.0%) $321,748 (16.6%) 0.00 53
    2020-11-01 $277,975 (11.2%) $313,730 (4.8%) 0.00 51
    2020-12-01 $207,450 (-17.7%) $272,516 (-9.9%) 0.00 46
    2021-01-01 $279,450 (10.7%) $304,661 (1.0%) 0.00 57
    2021-02-01 $264,900 (3.9%) $334,119 (12.5%) 0.00 65
    2021-03-01 $324,450 (31.4%) $386,218 (36.5%) 0.00 57
    2021-04-01 $324,450 (32.6%) $393,109 (39.9%) 0.00 52
    2021-05-01 $329,450 (33.4%) $401,060 (37.1%) 0.00 52
    2021-06-01 $329,900 (21.9%) $383,757 (22.0%) 0.00 55
    2021-07-01 $349,900 (40.4%) $431,142 (40.3%) 0.00 54
    2021-08-01 $324,450 (26.1%) $364,725 (18.4%) 0.00 52
    2021-09-01 $314,250 (11.8%) $339,940 (6.1%) 0.00 67
    2021-10-01 $299,950 (7.2%) $330,551 (2.7%) 0.00 59
    2021-11-01 $275,600 (-0.9%) $297,738 (-5.1%) 0.00 59
    2021-12-01 $281,200 (35.6%) $307,148 (12.7%) 0.00 55
    2022-01-01 $294,900 (5.5%) $318,000 (4.4%) 0.00 41
    2022-02-01 $286,725 (8.2%) $300,579 (-10.0%) 0.00 40
    2022-03-01 $289,950 (-10.6%) $321,792 (-16.7%) 0.00 43
    2022-04-01 $307,500 (-5.2%) $326,739 (-16.9%) 0.00 38
    2022-05-01 $278,475 (-15.5%) $339,034 (-15.5%) 0.00 54
    2022-06-01 $277,000 (-16.0%) $334,770 (-12.8%) 0.00 49
    2022-07-01 $268,900 (-23.2%) $311,806 (-27.7%) 0.00 65
    2022-08-01 $281,200 (-13.3%) $310,385 (-14.9%) 0.00 85
    2022-09-01 $284,900 (-9.3%) $317,232 (-6.7%) 0.00 78
    2022-10-01 $269,750 (-10.1%) $310,999 (-5.9%) 0.00 79
    2022-11-01 $282,400 (2.5%) $322,629 (8.4%) 0.00 75
    2022-12-01 $309,900 (10.2%) $355,663 (15.8%) 0.00 64
    2023-01-01 $328,650 (11.4%) $360,189 (13.3%) 0.00 59
    2023-02-01 $334,950 (16.8%) $393,526 (30.9%) 0.00 55
    2023-03-01 $331,250 (14.2%) $390,733 (21.4%) 0.00 61
    2023-04-01 $330,000 (7.3%) $410,528 (25.6%) 0.00 66
    2023-05-01 $336,175 (20.7%) $383,016 (13.0%) 0.00 74
    2023-06-01 $338,675 (22.3%) $414,098 (23.7%) 0.00 67
    2023-07-01 $339,900 (26.4%) $428,148 (37.3%) 0.00 76
    2023-08-01 $327,475 (16.5%) $406,085 (30.8%) 0.00 82
    2023-09-01 $309,950 (8.8%) $395,367 (24.6%) 0.00 72
    2023-10-01 $327,500 (21.4%) $414,313 (33.2%) 0.00 75
    2023-11-01 $289,900 (2.7%) $389,749 (20.8%) 0.00 85
    2023-12-01 $286,000 (-7.7%) $376,426 (5.8%) 0.00 79
    2024-01-01 $299,950 (-8.7%) $387,196 (7.5%) 0.00 78
    2024-02-01 $305,950 (-8.7%) $432,782 (10.0%) 0.00 76
    2024-03-01 $297,400 (-10.2%) $437,121 (11.9%) 0.00 78
    2024-04-01 $299,225 (-9.3%) $415,515 (1.2%) 0.00 73
    2024-05-01 $349,900 (4.1%) $471,408 (23.1%) 0.00 75
    2024-06-01 $324,900 (-4.1%) $461,868 (11.5%) 0.00 86
    2024-07-01 $308,675 (-9.2%) $421,645 (-1.5%) 0.00 103
    2024-08-01 $294,900 (-10.0%) $416,769 (2.6%) 0.00 108
    2024-09-01 $277,450 (-10.5%) $419,353 (6.1%) 0.00 116
    2024-10-01 $284,950 (-13.0%) $439,332 (6.0%) 0.00 121
    Toccoa's median listing price for 2024-10-01 was $284,950, a difference of $-42,550 (-13.0%) versus the prior year and $7,500 versus the prior month.

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

    Toccoa's average listing price for 2024-10-01 was $439,332, a difference of $25,019 (6.0%) versus the prior year and $19,979 versus the prior month.

    For the 2024-10-01 period, Toccoa had 121 MLS listings, a difference of 5 listings (4%) versus the prior month and 46 listings (61%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Toccoa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,933 sqft
    2018-02-01 0 days 1,926 sqft
    2018-03-01 0 days 2,098 sqft
    2018-04-01 0 days 2,063 sqft
    2018-05-01 0 days 2,053 sqft
    2018-06-01 0 days 2,014 sqft
    2018-07-01 0 days 2,148 sqft
    2018-08-01 0 days 2,134 sqft
    2018-09-01 0 days 2,049 sqft
    2018-10-01 0 days 1,920 sqft
    2018-11-01 0 days 1,967 sqft
    2018-12-01 0 days 2,039 sqft
    2019-01-01 0 days 2,048 sqft
    2019-02-01 0 days 1,864 sqft
    2019-03-01 0 days 1,809 sqft
    2019-04-01 0 days 1,791 sqft
    2019-05-01 0 days 1,777 sqft
    2019-06-01 0 days 1,733 sqft
    2019-07-01 0 days 1,749 sqft
    2019-08-01 0 days 1,747 sqft
    2019-09-01 0 days 1,765 sqft
    2019-10-01 0 days 1,806 sqft
    2019-11-01 0 days 2,030 sqft
    2019-12-01 0 days 2,122 sqft
    2020-01-01 0 days 2,151 sqft
    2020-02-01 0 days 2,161 sqft
    2020-03-01 0 days 1,978 sqft
    2020-04-01 0 days 1,974 sqft
    2020-05-01 0 days 1,899 sqft
    2020-06-01 0 days 2,161 sqft
    2020-07-01 0 days 1,792 sqft
    2020-08-01 0 days 1,708 sqft
    2020-09-01 0 days 1,707 sqft
    2020-10-01 0 days 1,686 sqft
    2020-11-01 0 days 1,737 sqft
    2020-12-01 0 days 1,616 sqft
    2021-01-01 0 days 1,625 sqft
    2021-02-01 0 days 1,545 sqft
    2021-03-01 0 days 1,693 sqft
    2021-04-01 0 days 1,517 sqft
    2021-05-01 0 days 1,648 sqft
    2021-06-01 0 days 1,682 sqft
    2021-07-01 0 days 1,852 sqft
    2021-08-01 0 days 1,927 sqft
    2021-09-01 0 days 1,756 sqft
    2021-10-01 0 days 1,762 sqft
    2021-11-01 0 days 1,555 sqft
    2021-12-01 0 days 1,678 sqft
    2022-01-01 0 days 1,668 sqft
    2022-02-01 0 days 1,663 sqft
    2022-03-01 0 days 1,696 sqft
    2022-04-01 0 days 1,642 sqft
    2022-05-01 0 days 1,740 sqft
    2022-06-01 0 days 1,751 sqft
    2022-07-01 0 days 1,672 sqft
    2022-08-01 0 days 1,611 sqft
    2022-09-01 0 days 1,683 sqft
    2022-10-01 0 days 1,607 sqft
    2022-11-01 0 days 1,634 sqft
    2022-12-01 0 days 1,745 sqft
    2023-01-01 0 days 1,793 sqft
    2023-02-01 0 days 1,792 sqft
    2023-03-01 0 days 1,762 sqft
    2023-04-01 0 days 1,784 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,900 sqft
    2023-07-01 0 days 1,875 sqft
    2023-08-01 0 days 1,781 sqft
    2023-09-01 0 days 1,848 sqft
    2023-10-01 0 days 1,770 sqft
    2023-11-01 0 days 1,657 sqft
    2023-12-01 0 days 1,576 sqft
    2024-01-01 0 days 1,658 sqft
    2024-02-01 0 days 1,650 sqft
    2024-03-01 0 days 1,646 sqft
    2024-04-01 0 days 1,590 sqft
    2024-05-01 0 days 1,718 sqft
    2024-06-01 0 days 1,734 sqft
    2024-07-01 0 days 1,762 sqft
    2024-08-01 0 days 1,734 sqft
    2024-09-01 0 days 1,553 sqft
    2024-10-01 0 days 1,600 sqft
    Toccoa's median listing age (time on market) for 2024-10-01 was 0 days.

    Toccoa's median square footage for active listings during the 2024-10-01 period was 1,600 sqft. One year prior, the average listing was 1,770 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.