Waycross VA Loan Rates, Closing Costs & Stats

Waycross, 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.

    Waycross's 37 lenders originated 102 VA loans during 2023. The total origination value was $22,980,000, with an average VA loan value of $225,294.

    Waycross VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Waycross averaged 7.15% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Waycross's average VA mortgage closing costs are $4,515.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.45%.

    The average rate one year ago was 6.14%.

    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.

    Waycross 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 Waycross level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.72% $3,706
    UNITED WHOLESALE MORTGAGE, LLC 10 6.35% $3,319
    QUICKEN LOANS, LLC 7 5.68% $9,921
    GUARANTEED RATE, INC. 6 6.52% $3,557
    NAVY FEDERAL CREDIT UNION 4 5.66% $5,090
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 8.04% $1,431
    Barrington Bank & Trust Company, N.A. 3 6.58% $9,757
    NEW DAY FINANCIAL, LLC 3 7.16% $13,546
    TOWNE MORTGAGE COMPANY 2 6.69% $6,976
    Mid-Continent Funding, Inc. 2 6.19% $5,189
    PENNYMAC LOAN SERVICES, LLC 2 5.94% $6,284
    INTERCOASTAL MORTGAGE COMPANY 1 7.00% $1,761
    LOANDEPOT.COM, LLC 1 7.63% $2,486
    Magnolia Bank 1 6.38% $5,582
    MILEND, INC. 1 6.50% $5,722
    MOVEMENT MORTGAGE, LLC 1 7.25% $12,060
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $11,879
    NATIONS RELIABLE LENDING, LLC 1 7.75% $473
    NEWREZ LLC 1 6.75% $3,927
    Prosperity Home Mortgage, LLC 1 6.13% $6,451
    SIRVA MORTGAGE, INC. 1 6.00% $5,674
    The Federal Savings Bank 1 7.38% $5,805
    UNION HOME MORTGAGE CORP. 1 6.75% $6,002
    USAA Federal Savings Bank 1 5.75% $13,506
    VILLAGE CAPITAL MORTGAGE 1 7.25% $22,762
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $6,607
    ZILLOW HOME LOANS, LLC 1 6.25% $4,511
    Ameris Bank 1 6.63% $11,844
    BROKER SOLUTIONS, INC. 1 7.00% $3,468
    CARDINAL FINANCIAL 1 6.25% $7,641
    CMG MORTGAGE, INC. 1 6.25% $7,082
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 7.25% $2,932
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.88% $14,728
    Equity Prime Mortgage LLC 1 8.25% $6,500
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $3,601
    FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $5,424
    FREEDOM MORTGAGE CORPORATION 1 6.00% $9,379

    The top Waycross VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $3,706, which is $387 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Waycross VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($3,319), Mortgage Research Center, LLC ($3,706), .

    The lowest rate Waycross VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.35%), Mortgage Research Center, LLC (6.72%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Waycross (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 $125,950 (5.5%) $159,004 (9.8%) 0.00 212
    2018-02-01 $128,425 (9.2%) $156,007 (5.0%) 0.00 209
    2018-03-01 $129,900 (11.3%) $152,582 (2.6%) 0.00 208
    2018-04-01 $129,675 (3.8%) $157,560 (3.4%) 0.00 198
    2018-05-01 $129,450 (4.4%) $156,351 (3.4%) 0.00 198
    2018-06-01 $129,900 (4.0%) $161,076 (4.3%) 0.00 190
    2018-07-01 $129,950 (0.5%) $165,119 (5.6%) 0.00 190
    2018-08-01 $131,975 (-3.7%) $167,443 (-0.4%) 0.00 184
    2018-09-01 $134,950 (-1.3%) $184,686 (10.1%) 0.00 176
    2018-10-01 $144,950 (7.4%) $198,962 (18.5%) 0.00 159
    2018-11-01 $146,163 (8.3%) $206,275 (24.2%) 0.00 152
    2018-12-01 $135,000 (0.0%) $200,155 (22.2%) 0.00 157
    2019-01-01 $135,975 (8.0%) $193,794 (21.9%) 0.00 156
    2019-02-01 $145,000 (12.9%) $194,203 (24.5%) 0.00 158
    2019-03-01 $146,371 (12.7%) $196,312 (28.7%) 0.00 161
    2019-04-01 $153,346 (18.3%) $203,339 (29.1%) 0.00 161
    2019-05-01 $152,175 (17.6%) $206,485 (32.1%) 0.00 150
    2019-06-01 $149,900 (15.4%) $204,668 (27.1%) 0.00 147
    2019-07-01 $148,850 (14.5%) $195,844 (18.6%) 0.00 164
    2019-08-01 $150,418 (14.0%) $191,559 (14.4%) 0.00 189
    2019-09-01 $152,995 (13.4%) $192,468 (4.2%) 0.00 191
    2019-10-01 $154,714 (6.7%) $193,074 (-3.0%) 0.00 189
    2019-11-01 $149,900 (2.6%) $189,072 (-8.3%) 0.00 191
    2019-12-01 $149,450 (10.7%) $189,089 (-5.5%) 0.00 188
    2020-01-01 $150,450 (10.7%) $189,979 (-2.0%) 0.00 170
    2020-02-01 $164,900 (13.7%) $198,710 (2.3%) 0.00 162
    2020-03-01 $164,725 (12.5%) $199,541 (1.6%) 0.00 155
    2020-04-01 $167,975 (9.5%) $204,687 (0.7%) 0.00 156
    2020-05-01 $157,450 (3.5%) $202,245 (-2.1%) 0.00 146
    2020-06-01 $151,925 (1.4%) $212,996 (4.1%) 0.00 131
    2020-07-01 $149,900 (0.7%) $213,371 (9.0%) 0.00 126
    2020-08-01 $139,450 (-7.3%) $214,593 (12.0%) 0.00 119
    2020-09-01 $155,000 (1.3%) $212,909 (10.6%) 0.00 118
    2020-10-01 $159,450 (3.1%) $213,466 (10.6%) 0.00 109
    2020-11-01 $157,000 (4.7%) $221,033 (16.9%) 0.00 95
    2020-12-01 $169,900 (13.7%) $236,613 (25.1%) 0.00 81
    2021-01-01 $174,950 (16.3%) $239,343 (26.0%) 0.00 79
    2021-02-01 $169,900 (3.0%) $238,004 (19.8%) 0.00 70
    2021-03-01 $159,450 (-3.2%) $238,386 (19.5%) 0.00 76
    2021-04-01 $169,900 (1.2%) $260,138 (27.1%) 0.00 71
    2021-05-01 $169,900 (7.9%) $259,130 (28.1%) 0.00 72
    2021-06-01 $159,900 (5.3%) $232,533 (9.2%) 0.00 76
    2021-07-01 $159,900 (6.7%) $228,821 (7.2%) 0.00 86
    2021-08-01 $163,000 (16.9%) $244,962 (14.2%) 0.00 99
    2021-09-01 $168,000 (8.4%) $231,815 (8.9%) 0.00 110
    2021-10-01 $185,900 (16.6%) $227,465 (6.6%) 0.00 106
    2021-11-01 $189,000 (20.4%) $253,099 (14.5%) 0.00 101
    2021-12-01 $194,050 (14.2%) $260,852 (10.2%) 0.00 86
    2022-01-01 $202,400 (15.7%) $267,758 (11.9%) 0.00 77
    2022-02-01 $192,400 (13.2%) $254,980 (7.1%) 0.00 81
    2022-03-01 $202,450 (27.0%) $270,594 (13.5%) 0.00 79
    2022-04-01 $198,000 (16.5%) $280,347 (7.8%) 0.00 74
    2022-05-01 $194,275 (14.4%) $269,650 (4.1%) 0.00 84
    2022-06-01 $199,900 (25.0%) $262,393 (12.8%) 0.00 79
    2022-07-01 $194,000 (21.3%) $244,361 (6.8%) 0.00 84
    2022-08-01 $212,475 (30.4%) $249,743 (2.0%) 0.00 96
    2022-09-01 $229,000 (36.3%) $259,111 (11.8%) 0.00 95
    2022-10-01 $230,000 (23.7%) $260,644 (14.6%) 0.00 100
    2022-11-01 $209,500 (10.9%) $257,845 (1.9%) 0.00 108
    2022-12-01 $205,000 (5.6%) $256,534 (-1.7%) 0.00 106
    2023-01-01 $199,000 (-1.7%) $241,597 (-9.8%) 0.00 104
    2023-02-01 $189,900 (-1.3%) $233,875 (-8.3%) 0.00 93
    2023-03-01 $209,225 (3.4%) $246,648 (-8.9%) 0.00 93
    2023-04-01 $229,900 (16.1%) $293,369 (4.7%) 0.00 92
    2023-05-01 $239,950 (23.5%) $312,075 (15.7%) 0.00 88
    2023-06-01 $229,450 (14.8%) $306,461 (16.8%) 0.00 86
    2023-07-01 $229,450 (18.3%) $315,236 (29.0%) 0.00 94
    2023-08-01 $234,925 (10.6%) $311,661 (24.8%) 0.00 99
    2023-09-01 $230,000 (0.4%) $301,571 (16.4%) 0.00 104
    2023-10-01 $218,500 (-5.0%) $292,124 (12.1%) 0.00 118
    2023-11-01 $210,225 (0.4%) $260,349 (1.0%) 0.00 132
    2023-12-01 $207,000 (1.0%) $254,790 (-0.7%) 0.00 123
    2024-01-01 $204,920 (3.0%) $248,619 (2.9%) 0.00 129
    2024-02-01 $199,500 (5.1%) $248,794 (6.4%) 0.00 126
    2024-03-01 $205,000 (-2.0%) $249,468 (1.1%) 0.00 128
    Waycross's median listing price for 2024-03-01 was $205,000, a difference of $-4,225 (-2.0%) versus the prior year and $5,500 versus the prior month.

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

    Waycross's average listing price for 2024-03-01 was $249,468, a difference of $2,820 (1.1%) versus the prior year and $674 versus the prior month.

    For the 2024-03-01 period, Waycross had 128 MLS listings, a difference of 2 listings (2%) versus the prior month and 35 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Waycross (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,041 sqft
    2018-02-01 0 days 2,069 sqft
    2018-03-01 0 days 2,056 sqft
    2018-04-01 0 days 2,050 sqft
    2018-05-01 0 days 1,992 sqft
    2018-06-01 0 days 2,007 sqft
    2018-07-01 0 days 2,015 sqft
    2018-08-01 0 days 2,037 sqft
    2018-09-01 0 days 2,053 sqft
    2018-10-01 0 days 2,120 sqft
    2018-11-01 0 days 2,174 sqft
    2018-12-01 0 days 2,157 sqft
    2019-01-01 0 days 2,143 sqft
    2019-02-01 0 days 2,017 sqft
    2019-03-01 0 days 2,022 sqft
    2019-04-01 0 days 2,032 sqft
    2019-05-01 0 days 2,036 sqft
    2019-06-01 0 days 2,053 sqft
    2019-07-01 0 days 2,040 sqft
    2019-08-01 0 days 2,045 sqft
    2019-09-01 0 days 2,119 sqft
    2019-10-01 0 days 2,176 sqft
    2019-11-01 0 days 2,112 sqft
    2019-12-01 0 days 2,104 sqft
    2020-01-01 0 days 2,142 sqft
    2020-02-01 0 days 2,186 sqft
    2020-03-01 0 days 2,157 sqft
    2020-04-01 0 days 2,083 sqft
    2020-05-01 0 days 2,098 sqft
    2020-06-01 0 days 2,087 sqft
    2020-07-01 0 days 2,085 sqft
    2020-08-01 0 days 1,920 sqft
    2020-09-01 0 days 1,851 sqft
    2020-10-01 0 days 1,924 sqft
    2020-11-01 0 days 1,882 sqft
    2020-12-01 0 days 2,029 sqft
    2021-01-01 0 days 2,101 sqft
    2021-02-01 0 days 2,067 sqft
    2021-03-01 0 days 1,963 sqft
    2021-04-01 0 days 2,009 sqft
    2021-05-01 0 days 1,901 sqft
    2021-06-01 0 days 1,847 sqft
    2021-07-01 0 days 1,804 sqft
    2021-08-01 0 days 1,842 sqft
    2021-09-01 0 days 1,826 sqft
    2021-10-01 0 days 1,855 sqft
    2021-11-01 0 days 1,813 sqft
    2021-12-01 0 days 1,861 sqft
    2022-01-01 0 days 1,934 sqft
    2022-02-01 0 days 1,855 sqft
    2022-03-01 0 days 1,923 sqft
    2022-04-01 0 days 1,968 sqft
    2022-05-01 0 days 1,915 sqft
    2022-06-01 0 days 1,892 sqft
    2022-07-01 0 days 1,972 sqft
    2022-08-01 0 days 2,003 sqft
    2022-09-01 0 days 2,093 sqft
    2022-10-01 0 days 2,003 sqft
    2022-11-01 0 days 2,001 sqft
    2022-12-01 0 days 2,058 sqft
    2023-01-01 0 days 2,006 sqft
    2023-02-01 0 days 1,865 sqft
    2023-03-01 0 days 1,928 sqft
    2023-04-01 0 days 2,036 sqft
    2023-05-01 0 days 2,092 sqft
    2023-06-01 0 days 1,909 sqft
    2023-07-01 0 days 1,910 sqft
    2023-08-01 0 days 1,901 sqft
    2023-09-01 0 days 1,953 sqft
    2023-10-01 0 days 1,872 sqft
    2023-11-01 0 days 1,892 sqft
    2023-12-01 0 days 1,820 sqft
    2024-01-01 0 days 1,754 sqft
    2024-02-01 0 days 1,744 sqft
    2024-03-01 0 days 1,760 sqft
    Waycross's median listing age (time on market) for 2024-03-01 was 0 days.

    Waycross's median square footage for active listings during the 2024-03-01 period was 1,760 sqft. One year prior, the average listing was 1,928 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.