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 32 lenders originated 111 VA loans during 2024. The total origination value was $27,705,000, with an average VA loan value of $249,595.

    Waycross VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Waycross averaged 0.2% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Waycross's average VA mortgage closing costs are $4,716.

    The average rate for the prior week (2025-06-13) was 6.84% and one month ago for the week of 2025-05-16, the average rate was 7%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.26%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.76% $4,301
    UNITED WHOLESALE MORTGAGE, LLC 19 6.12% $5,146
    QUICKEN LOANS, LLC 10 6.26% $7,955
    FREEDOM MORTGAGE CORPORATION 6 6.38% $7,849
    VILLAGE CAPITAL MORTGAGE 5 5.55% $4,612
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.56% $4,435
    GUARANTEED RATE, INC. 4 6.36% $4,675
    NEWREZ LLC 3 5.83% $5,042
    PLANET HOME LENDING, LLC 2 6.06% $2,520
    Presidential Bank, FSB 2 6.50% $2,220
    PENNYMAC LOAN SERVICES, LLC 2 5.81% $8,088
    Barrington Bank & Trust Company, N.A. 2 6.75% $2,554
    TOWNE MORTGAGE COMPANY 2 5.75% $6,393
    CARDINAL FINANCIAL 2 6.50% $10,143
    Mid-Continent Funding, Inc. 2 5.63% $5,784
    USAA Federal Savings Bank 1 5.63% $3,962
    VERITAS FUNDING, LLC 1 6.63% $14,984
    MOVEMENT MORTGAGE, LLC 1 7.25% $7,648
    AMERICAN FINANCING CORPORATION 1 6.13% $11,793
    AMERISAVE MORTGAGE CORPORATION 1 6.38% $17,376
    AXIA FINANCIAL, LLC 1 7.25% $6,603
    BROKER SOLUTIONS, INC. 1 6.75% $13,052
    Carrington Mortgage Services, LLC 1 5.63% $13,423
    CMG MORTGAGE, INC. 1 6.13% $7,440
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $9,643
    LOANDEPOT.COM, LLC 1 6.13% $4,746
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $10,018
    NAVY FEDERAL CREDIT UNION 1 5.88% $3,444
    RELIANCE FIRST CAPITAL, LLC 1 6.63% $6,838
    Renasant Bank 1 6.25% $5,854
    SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $2,616
    The Loan Store, Inc. 1 5.38% $14,758

    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 $4,301, which is $845 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Waycross VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,301), UNITED WHOLESALE MORTGAGE, LLC ($5,146), QUICKEN LOANS, LLC ($7,955), .

    The lowest rate Waycross VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.12%), QUICKEN LOANS, LLC (6.26%), Mortgage Research Center, LLC (6.76%), .

    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.