Alabama VA Loan Rates, Closing Costs & Stats

Alabama

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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.

    Alabama VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Alabama averaged 6.5% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Alabama's average VA mortgage closing costs are $5,665.

    The average rate for the prior week (2025-03-28) was 6.52% and one month ago for the week of 2025-02-28, the average rate was 6.5%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.29%.

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

    Alabama 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 Alabama level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 1,951 6.46% $4,862
    UNITED WHOLESALE MORTGAGE, LLC 1,080 5.97% $7,266
    FREEDOM MORTGAGE CORPORATION 646 6.18% $8,135
    QUICKEN LOANS, LLC 638 6.09% $9,815
    DHI MORTGAGE COMPANY, LTD. 460 4.88% $5,022
    PENNYMAC LOAN SERVICES, LLC 397 5.69% $6,979
    NAVY FEDERAL CREDIT UNION 344 5.91% $5,330
    NEW DAY FINANCIAL, LLC 297 7.53% $10,450
    MOVEMENT MORTGAGE, LLC 283 6.43% $7,904
    USAA Federal Savings Bank 258 6.18% $7,431
    CANOPY MORTGAGE, LLC 216 6.16% $14,900
    GUILD MORTGAGE COMPANY 214 6.20% $9,561
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 209 6.44% $6,371
    VILLAGE CAPITAL MORTGAGE 202 5.78% $6,308
    CMG MORTGAGE, INC. 199 6.29% $9,405
    NEWREZ LLC 196 6.00% $7,547
    Trustmark National Bank 195 6.24% $5,298
    Renasant Bank 153 6.15% $8,697
    CROSSCOUNTRY MORTGAGE, LLC 152 6.32% $6,321
    MORTGAGE SOLUTIONS OF COLORADO, LLC 138 7.07% $4,074
    LOANDEPOT.COM, LLC 138 6.12% $9,597
    STOCKTON MORTGAGE CORPORATION 128 5.81% $9,336
    FirstBank 126 6.17% $5,956
    EAGLE HOME MORTGAGE, LLC 118 4.60% $3,330
    PLANET HOME LENDING, LLC 104 5.94% $5,935
    BROKER SOLUTIONS, INC. 104 6.43% $10,625
    Mr. Cooper ( Nationstar Mortgage ) 101 6.32% $8,394
    The Federal Savings Bank 96 6.33% $14,925
    UNION HOME MORTGAGE CORP. 94 6.31% $8,091
    GMFS LLC 81 6.30% $6,258
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 79 6.10% $7,648
    LAKEVIEW LOAN SERVICING, LLC 78 5.82% $5,787
    VANDERBILT MORTGAGE AND FINANCE, INC. 75 5.71% $7,397
    Regions Bank 64 6.07% $8,709
    First Federal Bank, A FSB 64 6.13% $9,017
    TOWNE MORTGAGE COMPANY 64 6.36% $8,620
    GUARANTEED RATE, INC. 61 6.24% $6,206
    South State Bank 61 6.15% $8,947
    REDSTONE Federal Credit Union 60 6.12% $5,995
    Ameris Bank 59 6.15% $5,539
    Barrington Bank & Trust Company, N.A. 58 6.40% $6,082
    DSLD MORTGAGE, LLC 58 5.86% $4,436
    Flagstar Bank, FSB 58 6.26% $6,603
    FBC MORTGAGE, LLC 55 5.68% $8,427
    FIRST COLONY MORTGAGE CORPORATION 54 5.84% $10,195
    Prosperity Home Mortgage, LLC 52 6.22% $8,017
    CLEARPATH LENDING 50 5.70% $5,763
    Synovus Bank 48 6.10% $7,804
    Carrington Mortgage Services, LLC 45 6.03% $8,665
    Magnolia Bank 43 5.84% $13,890
    First Federal Bank 41 5.95% $6,246
    NBKC BANK 40 5.97% $6,569
    ENVOY MORTGAGE, LTD 39 6.42% $5,774
    PENTAGON FEDERAL CREDIT UNION 38 5.98% $6,410
    Assurance Financial Group, L.L.C. 36 6.53% $5,936
    Armed Forces Bank 34 6.18% $8,957
    Mid-Continent Funding, Inc. 34 6.19% $7,136
    SouthPoint Bank 32 6.31% $7,392
    MUTUAL OF OMAHA MORTGAGE, INC. 32 6.34% $12,910
    FIRST COMMUNITY MORTGAGE, INC. 31 6.31% $9,087
    AmeriHome Mortgage Company, LLC 30 6.08% $4,320
    CARDINAL FINANCIAL 28 6.36% $14,166
    RUOFF MORTGAGE COMPANY, INC. 28 6.47% $6,052
    Equity Prime Mortgage LLC 28 6.93% $6,552
    The Loan Store, Inc. 28 6.03% $8,185
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 25 6.27% $9,002
    TJC Mortgage, Inc. 24 6.33% $8,450
    Northpointe Bank 24 6.23% $9,373
    Plains Commerce Bank 23 6.58% $6,086
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 23 6.27% $7,065
    AMERISAVE MORTGAGE CORPORATION 23 5.83% $17,649
    Wells Fargo Bank 22 6.21% $7,389
    SUCCESS MORTGAGE PARTNERS, INC. 20 6.47% $8,022
    Paramount Residential Mortgage Group, Inc. 20 6.16% $7,312
    HUNT MORTGAGE CORPORATION 19 6.13% $6,369
    SUN WEST MORTGAGE COMPANY, INC. 19 6.29% $6,281
    BancorpSouth 19 6.34% $6,705
    AVADIAN 18 6.40% $13,021
    Lakeview Community Capital, LLC 18 5.51% $4,662
    MORIA DEVELOPMENT, INC. 18 6.44% $8,181
    HOMEBRIDGE FINANCIAL SERVICES, INC. 18 6.44% $4,779
    SWBC MORTGAGE CORPORATION 17 6.28% $7,785
    EMBRACE HOME LOANS, INC. 17 6.44% $5,889
    Bank of England 17 6.44% $5,684
    AMERICAN FINANCIAL RESOURCES, INC. 17 6.33% $8,093
    SOUTHWEST FUNDING, LP 16 6.60% $8,008
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.66% $7,421
    GoPrime Mortgage, Inc. 16 6.81% $5,121
    BankPlus 16 6.25% $6,919
    HOMESIDE FINANCIAL, LLC 16 6.68% $17,012
    INSPIRE HOME LOANS INC. 16 5.08% $4,092
    United Community Bank 16 6.06% $7,935
    LOANPAL, LLC 15 6.02% $10,368
    U.S. Bank 15 6.09% $10,234
    PLAZA HOME MORTGAGE, INC. 15 6.85% $8,281
    Century Mortgage Company DBA Century Lending Company 15 6.01% $7,126
    Hamilton Mortgage Corporation 15 6.68% $6,440
    ACOPIA, LLC 14 6.56% $5,068
    AMERICAN FINANCIAL NETWORK, INC. 14 6.63% $6,193
    MILEND, INC. 14 6.54% $15,027
    S1L, Inc. 13 5.93% $10,355
    Bank Independent 13 6.00% $5,220
    PHH Mortgage Corporation 13 5.75% $6,109
    MORTGAGE INVESTORS GROUP, INC. 13 6.06% $7,880
    Victorian Finance, LLC 12 6.47% $8,860
    LEADERONE FINANCIAL CORPORATION 12 7.00% $7,903
    RELIANCE FIRST CAPITAL, LLC 12 6.39% $9,277
    JPMorgan Chase Bank 12 6.01% $3,642
    Truist 11 6.12% $9,911
    CB&S Bank, Inc. 11 6.35% $6,662
    GUARANTEED RATE AFFINITY, LLC 11 6.03% $6,011
    Tyndall Federal Credit Union 11 5.99% $8,063
    EMM LOANS LLC 11 6.60% $7,656
    Princeton Mortgage Corporation 10 6.48% $5,904
    Credence Funding Corporation 10 5.69% $6,418
    HOMEOWNERS FINANCIAL GROUP USA, LLC 10 6.29% $4,576
    HOMEAMERICAN MORTGAGE CORPORATION 10 5.10% $5,825
    Cornerstone First Mortgage, Inc 10 6.93% $6,060
    Nations Lending Corporation 10 6.39% $11,822
    CONTOUR MORTGAGE CORPORATION 9 6.51% $7,088
    First Horizon Bank 9 5.75% $13,758
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.41% $8,978
    INTERLINC MORTGAGE SERVICES, LLC 8 7.05% $5,624
    ServisFirst Bank 8 6.23% $4,480
    Consumer First Mortgage, Inc. 8 6.61% $6,863
    OPEN MORTGAGE, LLC 8 6.75% $5,391
    City National Bank of Florida 7 5.73% $6,794
    Hancock Whitney Bank 7 6.13% $6,161
    PNC Bank 7 6.41% $7,524
    ROYAL UNITED MORTGAGE LLC 7 6.75% $11,003
    NORWICH COMMERCIAL GROUP, INC. 6 6.33% $2,618
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 6 6.54% $10,557
    CALCON MUTUAL MORTGAGE LLC 6 6.81% $7,785
    CHURCHILL MORTGAGE CORPORATION 6 6.83% $10,830
    Pinnacle Bank 6 6.04% $5,236
    EVERETT FINANCIAL, INC. 6 7.08% $8,087
    NFM, INC. 6 6.48% $7,417
    NATIONS DIRECT MORTGAGE, LLC 6 6.12% $9,682
    North American Savings Bank, F.S.B. 6 6.08% $4,989
    MID AMERICA MORTGAGE, INC. 5 6.45% $3,695
    THE MORTGAGE FIRM, INC. 5 6.40% $3,445
    SeaTrust Mortgage Company 5 6.28% $8,706
    ALLIED MORTGAGE GROUP, INC. 5 6.20% $5,000
    Wolfe Financial, Inc 5 6.10% $8,722
    LIBERTY HOME MORTGAGE CORPORATION 4 6.47% $10,428
    Ixonia Bank 4 6.59% $13,599
    MORTGAGE ACCESS CORP. 4 6.19% $3,984
    American Mortgage & Equity Consultants, Inc. 4 6.19% $6,385
    KEESLER 4 5.81% $4,541
    American Mortgage Bank, LLC 4 5.81% $4,926
    FLAT BRANCH MORTGAGE, INC. 4 5.94% $12,406
    Presidential Bank, FSB 4 6.50% $6,661
    ZILLOW HOME LOANS, LLC 4 6.84% $6,576
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.50% $5,057
    M&T Bank 4 6.06% $4,831
    CORNERSTONE HOME LENDING, INC. 4 7.97% $785
    MICHIGAN MUTUAL, INC. 4 6.47% $4,914
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 5.53% $13,618
    PREMIA MORTGAGE, LLC 4 5.94% $1,335
    Keystone Funding, Inc. 3 6.54% $13,820
    STAUNTON FINANCIAL, INC. 3 6.54% $11,724
    SUMMIT FUNDING, INC. 3 6.88% $9,308
    T2 FINANCIAL LLC 3 6.58% $7,876
    Texana Bank 3 7.83% $11,989
    Valley National Bank 3 6.24% $5,418
    First National Bank Texas 3 6.25% $3,047
    ALLIANT CREDIT UNION 3 5.71% $6,951
    Florida Capital Bank 3 5.88% $10,124
    Granite Community Bank 3 6.54% $6,319
    Atlantic Coast Mortgage, LLC 3 6.17% $13,696
    HomePromise Corporation 3 7.33% $7,681
    JMAC LENDING, INC. 3 6.13% $5,656
    Listerhill Credit Union 3 6.33% $5,809
    Mortgage Assurance Inc. 3 6.29% $3,609
    Old National Bank 3 5.46% $6,199
    POLARIS HOME FUNDING CORP. 3 6.83% $12,612
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.62% $8,463
    AMERICAN FINANCING CORPORATION 2 5.62% $15,013
    LOANFLIGHT LENDING, LLC 2 5.63% $4,423
    BANKSOUTH MORTGAGE COMPANY, LLC 2 6.75% $4,047
    Legends Bank 2 6.50% $5,294
    GENEVA FINANCIAL, LLC 2 6.19% $6,339
    Gateway First Bank 2 6.44% $16,556
    Farmers Bank & Trust 2 6.06% $7,764
    EVANSVILLE TEACHERS 2 6.69% $2,863
    ENDEAVOR CAPITAL, LLC. 2 6.63% $11,387
    SOUTHWEST STAGE FUNDING, LLC 2 6.06% $12
    DIRECT MORTGAGE LOANS, LLC 2 6.88% $15,949
    PREMIER LENDING, INC. 2 6.50% $17,940
    CIS Financial Services, Inc. 2 6.31% $6,424
    DIRECT LENDERS, LLC 2 5.25% $11,834
    DAS Acquisition Company, LLC 2 6.37% $13,079
    VAN DYK MORTGAGE CORPORATION 2 6.49% $2,330
    University Bank 2 5.75% $10,847
    COMPASS MORTGAGE, INC. 2 6.87% $7,551
    Total Media Management, LLC 2 7.31% $2,849
    THE MORTGAGE LINK, INC. 2 6.88% $17,539
    The Central Trust Bank 2 5.69% $4,045
    COMMUNITY MORTGAGE CORPORATION 2 6.06% $10,036
    Alcova Mortgage LLC 2 6.00% $7,770
    Stride Bank 2 6.50% $3,910
    Bell Bank 2 6.06% $7,691
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.50% $12,160
    TEXAS TECH 1 6.50% $9,466
    AMERICAN INTERNET MORTGAGE, INC. 1 5.75% $9,711
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.38% $630
    Arvest Bank 1 6.50% $1,508
    ASCEND FEDERAL CREDIT UNION 1 6.38% $2,544
    Bank Five Nine 1 6.63% $4,223
    BAY EQUITY LLC 1 5.99% $7,710
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.50% $8,369
    BELEM SERVICING LLC 1 5.99% $5,982
    BETTER MORTGAGE CORPORATION 1 6.13% $3,698
    Capital City Home Loans, LLC 1 6.63% $7,478
    Community Bank of Mississippi 1 6.25% $10,597
    DELMAR FINANCIAL COMPANY 1 6.63% $6,120
    East Coast Capital Corp. 1 6.13% $19,457
    Elements Financial Federal Credit Union 1 6.75% $1,693
    Encompass Lending Group, LP 1 6.88% $3,561
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.13% $0
    Fifth Third Bank 1 6.50% $1,995
    First Heritage Mortgage, LLC 1 5.75% $21,016
    FirstTrust Home Loans, Inc. 1 6.25% $16,797
    First United Bank and Trust Company 1 6.50% $5,004
    Goldwater Bank, N.A. 1 6.75% $1,745
    GSF Mortgage Corporation 1 6.75% $12,536
    Home Mortgage Alliance Corp 1 6.25% $1,819
    HOMESTEAD FUNDING CORP. 1 5.75% $12,113
    HOMETRUST MORTGAGE COMPANY 1 6.25% $215
    Integrity Home Mortgage Corp 1 6.25% $15,347
    INTERCAP LENDING INC. 1 6.13% $3,206
    INTERCOASTAL MORTGAGE COMPANY 1 5.63% $10,923
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $4,478
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.13% $2,176
    LOANPEOPLE, LLC 1 6.63% $5,027
    Merchants Bank of Indiana 1 6.75% $4,305
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $3,905
    NATIONS RELIABLE LENDING, LLC 1 7.99% $15,453
    NBH Bank 1 5.75% $4,747
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $10,544
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $2,836
    OCEANSIDE MORTGAGE COMPANY 1 5.75% $21,397
    Paramount Bank 1 5.88% $2,477
    Pen Air Federal Credit Union 1 6.63% $5,490
    PILGRIM MORTGAGE LLC 1 5.25% $4,432
    Premium Mortgage Corporation 1 6.75% $8,767
    RADIUS FINANCIAL GROUP INC. 1 6.75% $6,336
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.25% $12,302
    Service Federal Credit Union 1 6.13% $3,124
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $1,289
    SKYONE Federal Credit Union 1 5.63% $2,968
    SmartBank 1 6.63% $0
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $14,097
    Sunflower Bank 1 6.13% $9,527
    Academy Bank 1 6.63% $10,513
    Towne Bank 1 5.63% $6,042
    TRISTAR FINANCE, INC. 1 5.99% $9,469
    UNITED MORTGAGE CORP 1 6.63% $5,860
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.00% $10,407
    V.I.P. MORTGAGE, INC. 1 6.50% $10,674
    Watermark Capital, Inc. 1 5.75% $8,959
    Waterstone Mortgage Corporation 1 6.63% $6,259

    The top Alabama VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,951 VA loans originated. Their average total fees are $4,862, which is $2,404 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Alabama VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($3,330), JPMorgan Chase Bank ($3,642), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,074), INSPIRE HOME LOANS INC. ($4,092) and AmeriHome Mortgage Company, LLC ($4,320).

    The lowest rate Alabama VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.60%), DHI MORTGAGE COMPANY, LTD. (4.88%), INSPIRE HOME LOANS INC. (5.08%), HOMEAMERICAN MORTGAGE CORPORATION (5.10%) and Lakeview Community Capital, LLC (5.51%).

    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.