Waycross VA Loan Rates, Closing Costs & Stats

Waycross, GA

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 6.37% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

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

The average rate for the prior week (2024-12-06) was 6.41% and one month ago for the week of 2024-11-08, the average rate was 6.4%.

The average rate one year ago was 6.95%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.28%.

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
2024-04-01 $216,925 (-5.6%) $268,202 (-8.6%) 0.00 142
2024-05-01 $238,500 (-0.6%) $289,318 (-7.3%) 0.00 149
2024-06-01 $235,000 (2.4%) $284,646 (-7.1%) 0.00 151
2024-07-01 $215,950 (-5.9%) $275,632 (-12.6%) 0.00 158
2024-08-01 $217,400 (-7.5%) $280,825 (-9.9%) 0.00 183
2024-09-01 $215,363 (-6.4%) $279,292 (-7.4%) 0.00 187
2024-10-01 $212,500 (-2.8%) $268,506 (-8.1%) 0.00 182
2024-11-01 $212,000 (0.8%) $269,698 (3.6%) 0.00 190
Waycross's median listing price for 2024-11-01 was $212,000, a difference of $1,775 (0.8%) versus the prior year and $-500 versus the prior month.

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

Waycross's average listing price for 2024-11-01 was $269,698, a difference of $9,349 (3.6%) versus the prior year and $1,192 versus the prior month.

For the 2024-11-01 period, Waycross had 190 MLS listings, a difference of 8 listings (4%) versus the prior month and 58 listings (44%) 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
2024-04-01 0 days 1,772 sqft
2024-05-01 0 days 1,836 sqft
2024-06-01 0 days 1,800 sqft
2024-07-01 0 days 1,679 sqft
2024-08-01 0 days 1,689 sqft
2024-09-01 0 days 1,683 sqft
2024-10-01 0 days 1,656 sqft
2024-11-01 0 days 1,682 sqft
Waycross's median listing age (time on market) for 2024-11-01 was 0 days.

Waycross's median square footage for active listings during the 2024-11-01 period was 1,682 sqft. One year prior, the average listing was 1,892 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.