Georgia VA Loan Rates, Closing Costs & Stats

Georgia

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.

Georgia VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Georgia averaged 6.44% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Georgia's average VA mortgage closing costs are $5,745.

The average rate for the prior week (2023-05-19) was 5.96% and one month ago for the week of 2023-04-21, the average rate was 5.88%.

The average rate one year ago was 4.95%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.27%.

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

Georgia 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 Georgia level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 4,738 5.07% $7,240
QUICKEN LOANS, LLC 2,330 4.21% $10,516
NAVY FEDERAL CREDIT UNION 1,570 3.95% $6,492
UNITED WHOLESALE MORTGAGE, LLC 1,550 4.52% $9,001
FREEDOM MORTGAGE CORPORATION 1,199 4.28% $10,766
PENNYMAC LOAN SERVICES, LLC 1,052 3.55% $9,282
BROKER SOLUTIONS, INC. 803 4.87% $9,588
USAA Federal Savings Bank 729 4.46% $7,798
NEW DAY FINANCIAL, LLC 675 5.15% $10,584
LOANDEPOT.COM, LLC 670 4.17% $10,080
HOMESTAR FINANCIAL CORPORATION 582 4.83% $9,646
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 513 4.83% $8,583
DHI MORTGAGE COMPANY, LTD. 508 4.12% $8,890
Mr. Cooper ( Nationstar Mortgage ) 385 4.76% $9,417
Ameris Bank 376 4.61% $10,590
GUARANTEED RATE, INC. 369 4.66% $6,874
The Federal Savings Bank 352 4.66% $14,948
BANKSOUTH MORTGAGE COMPANY, LLC 347 4.39% $10,000
MOVEMENT MORTGAGE, LLC 337 5.00% $8,372
MORTGAGE SOLUTIONS OF COLORADO, LLC 325 5.55% $8,817
VANDERBILT MORTGAGE AND FINANCE, INC. 308 4.63% $8,083
GUILD MORTGAGE COMPANY 248 4.85% $10,017
AMERISAVE MORTGAGE CORPORATION 248 4.31% $12,858
CROSSCOUNTRY MORTGAGE, LLC 239 5.23% $10,478
Flagstar Bank, FSB 238 4.80% $8,872
PENTAGON FEDERAL CREDIT UNION 237 3.49% $6,752
HOMEBRIDGE FINANCIAL SERVICES, INC. 228 4.71% $9,231
CARDINAL FINANCIAL 217 5.02% $12,472
HOME POINT FINANCIAL CORPORATION 208 4.37% $10,086
CALIBER HOME LOANS, INC. 204 4.61% $10,198
VILLAGE CAPITAL MORTGAGE 200 4.25% $10,021
EVERETT FINANCIAL, INC. 186 5.21% $6,746
Colony Bank 179 4.50% $7,066
Barrington Bank & Trust Company, N.A. 163 4.76% $8,608
NEWREZ LLC 163 4.31% $8,671
Carrington Mortgage Services, LLC 161 4.61% $9,056
SOUTHEAST MORTGAGE OF GEORGIA, INC. 160 5.08% $10,478
Wells Fargo Bank 158 4.11% $6,186
CERTAINTY HOME LOANS, LLC 156 4.71% $8,389
CLEARPATH LENDING 151 3.97% $11,792
Prosperity Home Mortgage, LLC 144 4.68% $9,411
SWBC MORTGAGE CORPORATION 144 5.07% $7,944
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 139 4.88% $8,781
NBKC BANK 126 4.45% $7,886
CMG MORTGAGE, INC. 125 4.62% $9,823
Equity Prime Mortgage LLC 120 5.26% $8,989
Mid-Continent Funding, Inc. 111 4.58% $9,336
PLANET HOME LENDING, LLC 109 4.09% $7,353
Magnolia Bank 109 4.57% $12,218
LAKEVIEW LOAN SERVICING, LLC 105 3.65% $6,560
Queensborough National Bank & Trust Company 102 4.47% $9,645
ARK-LA-TEX FINANCIAL SERVICES, LLC. 99 4.60% $8,018
Synovus Bank 98 4.64% $9,276
Renasant Bank 94 4.79% $8,303
MUTUAL OF OMAHA MORTGAGE, INC. 92 4.52% $10,873
ANGEL OAK HOME LOANS LLC 89 4.65% $7,645
South State Bank 88 4.45% $11,530
Paramount Residential Mortgage Group, Inc. 87 4.96% $10,768
GUARANTEED RATE AFFINITY, LLC 84 4.86% $8,605
PRIMELENDING, A PLAINSCAPITAL COMPANY 82 4.81% $7,214
HOMEOWNERS FINANCIAL GROUP USA, LLC 78 4.88% $10,911
INSPIRE HOME LOANS INC. 75 5.19% $8,960
MILEND, INC. 73 5.19% $13,426
Century Mortgage Company DBA Century Lending Company 73 4.87% $8,861
Low VA Rates, LLC 71 4.43% $16,672
Truist 69 4.19% $6,182
SECURITYNATIONAL MORTGAGE COMPANY 65 4.77% $10,037
First Federal Bank 64 4.20% $8,942
STOCKTON MORTGAGE CORPORATION 64 4.66% $10,313
North American Savings Bank, F.S.B. 62 4.22% $8,542
Lakeview Community Capital, LLC 62 3.62% $4,780
DAS Acquisition Company, LLC 61 5.17% $8,004
AMERICAN PACIFIC MORTGAGE CORPORATION 60 5.14% $10,153
PULTE MORTGAGE LLC 57 4.71% $8,928
Capital City Home Loans, LLC 56 4.74% $10,374
ENVOY MORTGAGE, LTD 55 5.04% $9,536
Nations Lending Corporation 54 5.21% $13,105
CONTOUR MORTGAGE CORPORATION 53 5.03% $12,251
AUGUSTA MORTGAGE CO. 51 4.59% $11,793
BAY EQUITY LLC 50 4.80% $11,044
TJC Mortgage, Inc. 49 4.27% $11,003
Plains Commerce Bank 48 4.89% $9,639
ACOPIA, LLC 48 4.96% $7,653
EAGLE HOME MORTGAGE, LLC 47 4.71% $6,549
Bank of England 47 4.62% $11,237
Northpointe Bank 43 4.81% $8,829
Regions Bank 42 4.77% $9,265
LOANPAL, LLC 42 4.26% $12,910
FIRST COMMUNITY MORTGAGE, INC. 40 4.92% $8,684
Armed Forces Bank 40 4.11% $8,971
AMERICAN FINANCING CORPORATION 39 4.13% $9,120
VAN DYK MORTGAGE CORPORATION 39 4.90% $6,318
THE MORTGAGE FIRM, INC. 35 4.59% $11,226
Texana Bank 34 4.09% $11,479
NATIONS DIRECT MORTGAGE, LLC 34 4.66% $10,138
Wyndham Capital Mortgage, Inc. 33 4.21% $7,933
TOWNE MORTGAGE COMPANY 33 4.35% $9,922
SOUTHPOINT FINANCIAL SERVICES, INC. 33 5.19% $10,342
The Central Trust Bank 31 3.90% $9,833
NFM, INC. 29 5.66% $8,869
RELIANCE FIRST CAPITAL, LLC 28 4.81% $9,310
HOMESIDE FINANCIAL, LLC 28 3.94% $9,845
INTERLINC MORTGAGE SERVICES, LLC 27 4.64% $7,789
CALCON MUTUAL MORTGAGE LLC 26 5.90% $8,827
DIRECT LENDERS, LLC 26 4.81% $6,934
FBC MORTGAGE, LLC 25 5.40% $5,822
Citizens Bank 25 4.58% $9,682
FIRST CHOICE MORTGAGE, INC. 24 4.54% $10,693
FirstBank 24 4.61% $7,924
SUCCESS MORTGAGE PARTNERS, INC. 22 4.78% $11,345
OCMBC, INC. 22 5.53% $8,503
FINANCE OF AMERICA MORTGAGE LLC 22 4.28% $5,020
First Option Mortgage, LLC 22 4.91% $9,141
ROBINS FINANCIAL 21 4.93% $6,808
Credence Funding Corporation 21 3.36% $5,715
MORTGAGE INVESTORS GROUP, INC. 20 4.49% $7,864
VICTORY MORTGAGE, L.L.C. 20 4.42% $11,215
First Guaranty Mortgage Corporation 20 3.66% $6,520
GUARANTY HOME MORTGAGE CORPORATION 20 4.99% $8,832
M&T Bank 20 4.24% $6,982
BNC National Bank 19 3.88% $8,570
GENEVA FINANCIAL, LLC 18 5.49% $11,955
UNION HOME MORTGAGE CORP. 18 4.32% $9,139
U.S. Bank 17 3.66% $7,852
SOVEREIGN LENDING GROUP INCORPORATED 17 4.60% $11,395
EMM LOANS LLC 17 4.90% $10,766
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 4.70% $8,672
THRIVE MORTGAGE, LLC 17 6.23% $8,095
JPMorgan Chase Bank 17 4.65% $6,662
Gateway First Bank 16 5.41% $9,452
T2 FINANCIAL LLC 16 5.16% $12,838
ZILLOW HOME LOANS, LLC 16 4.21% $9,968
South Pacific Financial Corporation 16 4.33% $12,672
JET HOMELOANS, LLC 16 5.00% $9,737
CHURCHILL MORTGAGE CORPORATION 15 4.80% $8,989
LEADERONE FINANCIAL CORPORATION 15 4.68% $12,009
RADIUS FINANCIAL GROUP INC. 14 4.91% $10,522
HOMESPIRE MORTGAGE CORPORATION 14 4.56% $15,128
SHELTER HOME MORTGAGE, LLC 14 4.98% $11,213
United Community Bank 14 4.51% $6,006
ACADEMY MORTGAGE CORPORATION 13 5.00% $9,765
Alcova Mortgage LLC 13 4.74% $5,419
SUMMIT FUNDING, INC. 13 5.26% $10,700
PANORAMA MORTGAGE GROUP, LLC 12 5.44% $10,185
CityWorth Mortgage LLC 12 4.21% $11,634
DRAPER AND KRAMER MORTGAGE CORP. 11 3.77% $13,107
GMFS LLC 11 4.34% $10,633
NP, Inc. 11 2.77% $6,998
OPEN MORTGAGE, LLC 11 4.89% $8,769
GUARANTY MORTGAGE SERVICES, L.L.C. 11 5.40% $12,505
Fifth Third Bank 11 3.82% $4,665
PNC Bank 11 4.19% $5,476
CRESCENT MORTGAGE COMPANY 11 3.97% $6,432
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 11 4.85% $8,653
ON Q FINANCIAL, INC. 10 4.51% $6,032
MID AMERICA MORTGAGE, INC. 10 4.99% $4,518
Goldwater Bank, N.A. 10 4.79% $11,787
US MORTGAGE CORPORATION 10 4.80% $14,788
EMBRACE HOME LOANS, INC. 10 4.86% $8,466
PREMIA MORTGAGE, LLC 10 4.71% $11,915
1ST SIGNATURE LENDING, LLC 9 4.56% $9,614
RESIDENTIAL BANCORP. 9 3.98% $6,968
United Bank 9 3.93% $7,469
Sunflower Bank 9 4.09% $10,864
INTERCOASTAL MORTGAGE COMPANY 9 5.04% $7,758
Paramount Bank 9 4.71% $8,408
First Mortgage Solutions, LLC 9 3.21% $12,391
NATIONWIDE MORTGAGE BANKERS, INC. 9 5.65% $12,528
LIBERTY HOME MORTGAGE CORPORATION 8 5.06% $10,710
FLAT BRANCH MORTGAGE, INC. 8 5.06% $7,208
HomePromise Corporation 8 5.63% $13,764
MEMBER FIRST MORTGAGE, LLC 8 4.70% $7,931
NBH Bank 8 5.39% $7,522
RAPID MORTGAGE COMPANY 8 4.66% $17,386
RUOFF MORTGAGE COMPANY, INC. 8 5.08% $6,923
TOP FLITE FINANCIAL, INC. 7 5.61% $16,336
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 5.45% $7,627
Bank of America 7 4.61% $7,580
LAND HOME FINANCIAL SERVICES, INC. 7 5.34% $9,418
ROYAL UNITED MORTGAGE LLC 7 5.64% $11,181
Assurance Financial Group, L.L.C. 7 4.61% $7,098
Amerifirst Financial, Inc. 6 4.77% $13,532
KELLER MORTGAGE, LLC 6 5.15% $8,959
SRP Federal Credit Union 6 4.63% $6,714
Sierra Pacific Mortgage Company, Inc. 6 3.98% $6,048
Trustmark National Bank 6 5.38% $7,219
NexBank 6 4.25% $6,541
AMERICAN FINANCIAL RESOURCES, INC. 6 4.38% $5,278
First Federal Bank of Kansas City 6 3.52% $6,006
AMERIFIRST FINANCIAL CORPORATION 6 5.85% $10,240
PLAZA HOME MORTGAGE, INC. 6 4.52% $12,235
MORTGAGEONE, INC. 6 5.48% $6,594
Acre Mortgage and Financial Inc 6 5.77% $22,108
First Savings Bank 5 4.73% $15,295
First Heritage Mortgage, LLC 5 5.08% $11,315
ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 4.43% $6,354
Community First National Bank 5 4.63% $9,321
Towne Bank 5 4.63% $10,793
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 6.03% $12,596
PHH Mortgage Corporation 5 5.38% $9,199
Service Federal Credit Union 5 4.40% $8,302
SOUTHWEST STAGE FUNDING, LLC 5 4.95% $3,028
Security Federal Bank 4 4.53% $6,829
SANCTUARY HOME MORTGAGE LLC 4 4.44% $6,239
Prime Choice Funding Inc. 4 2.78% $6,857
V.I.P. MORTGAGE, INC. 4 5.03% $10,798
CREDIT UNION FINANCIAL SERVICES, LLC 4 4.87% $7,660
LOANFLIGHT LENDING, LLC 4 3.12% $5,998
JMJ FINANCIAL GROUP 4 3.69% $10,037
COMMUNITY MORTGAGE CORPORATION 4 5.09% $8,780
UNIVERSITY LENDING GROUP, LLC 4 4.88% $11,946
Mortgage Network, Inc. 4 5.38% $14,328
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 5.78% $14,750
AmeriHome Mortgage Company, LLC 4 5.94% $11,272
GSF Mortgage Corporation 4 5.56% $6,081
Ixonia Bank 4 5.06% $7,795
George Mason Mortgage, LLC 4 4.31% $8,423
BancorpSouth Bank 4 6.09% $8,817
MICHIGAN MUTUAL, INC. 4 5.03% $6,203
BELEM SERVICING LLC 4 3.88% $9,021
First Internet Bank of Indiana 4 4.41% $3,418
First Community Bank 4 4.94% $8,091
Evolve Bank & Trust 4 6.03% $4,281
POLARIS HOME FUNDING CORP. 4 6.28% $15,090
PREMIER LENDING, INC. 4 4.34% $6,627
GERSHMAN INVESTMENT CORP. 3 5.08% $6,453
BAY CAPITAL MORTGAGE CORPORATION 3 4.25% $10,157
BAYSHORE MORTGAGE FUNDING, LLC 3 5.75% $14,035
BECKAM FUNDING CORP. 3 5.29% $8,330
Platinum Home Mortgage Corporation 3 5.04% $9,131
Blue Ridge Bank 3 5.58% $12,545
GoPrime Mortgage, Inc. 3 5.41% $5,422
VYSTAR 3 4.83% $5,806
First Horizon Bank 3 4.25% $11,739
Capital Bank 3 3.42% $7,422
Union Savings Bank 3 4.67% $13,817
First Home Bank 3 4.21% $12,979
HANCOCK MORTGAGE PARTNERS, LLC 3 5.50% $9,452
AMERICAN INTERNET MORTGAGE, INC. 3 4.33% $11,787
SIRVA MORTGAGE, INC. 3 4.25% $6,638
Peoples Bank 3 5.33% $14,966
RESIDENTIAL HOME FUNDING CORP. 3 5.00% $12,552
Residential Mortgage Solutions, Inc. 3 4.50% $11,132
Pinnacle Bank 3 4.00% $11,004
Meridian Bank Corporation 3 4.75% $10,834
LENOX FINANCIAL MORTGAGE CORPORATION 3 4.83% $8,957
Florida Capital Bank 3 4.96% $15,252
Wolfe Financial, Inc 3 6.54% $12,732
Austin Capital Bank SSB 3 4.25% $12,611
Princeton Mortgage Corporation 3 4.50% $6,940
NATIONS RELIABLE LENDING, LLC 3 5.29% $2,447
Shamrock Home Loans, Inc. 3 4.08% $14,371
BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 3.38% $19,202
ISERVE RESIDENTIAL LENDING, LLC 2 3.56% $18,359
INTERCAP LENDING INC. 2 5.00% $10,167
MCLEAN MORTGAGE CORPORATION 2 5.44% $8,510
MEGASTAR FINANCIAL CORP. 2 6.19% $8,020
Willamette Valley Bank 2 5.50% $8,201
MIDLAND MORTGAGE CORPORATION 2 4.31% $3,315
Hometown Equity Mortgage, LLC 2 6.38% $12,910
MORTGAGE ACCESS CORP. 2 5.19% $13,309
MY MORTGAGE, INC. 2 5.81% $11,877
Neighborhood Loans, Inc. 2 3.69% $4,286
Network Funding, L.P. 2 4.94% $9,801
First National Bank Texas 2 6.12% $7,656
Presidential Bank, FSB 2 4.94% $10,044
DEVELOPER'S MORTGAGE COMPANY 2 4.75% $9,503
DATA MORTGAGE, INC. 2 5.56% $8,935
Advisors Mortgage Group, L.L.C. 2 4.06% $5,623
Cornerstone First Mortgage, Inc 2 5.00% $6,803
S1L, Inc. 2 3.19% $4,906
Commerce Home Mortgage, Inc. 2 2.75% $6,302
Citibank 2 5.44% $14,333
STEARNS LENDING, LLC 2 2.69% $10,513
CANOPY MORTGAGE, LLC 2 5.13% $1,890
TBI MORTGAGE COMPANY 2 4.38% $3,827
1ST PREFERENCE MORTGAGE CORP. 2 4.75% $9,707
The Huntington National Bank 2 4.63% $3,528
AXIA FINANCIAL, LLC 2 6.63% $9,467
Atlantic Union Bank 2 5.00% $20,709
Arvest Bank 2 6.25% $3,921
United Fidelity Funding Corp. 2 5.44% $11,349
American Security Mortgage Corp. 2 4.69% $6,483
AMERICAN ADVISORS GROUP 2 5.44% $3,921
Watermark Capital, Inc. 2 3.19% $11,080
Waterstone Mortgage Corporation 2 4.25% $11,208
PIKE CREEK MORTGAGE SERVICES, INC. 1 5.25% $13,464
First Federal Bank, A FSB 1 4.75% $3,833
Vellum Mortgage, Inc. 1 2.75% $8,009
Christensen Financial, Inc. 1 3.63% $4,763
Centennial Bank 1 4.13% $3,750
CASTLE & COOKE MORTGAGE, LLC 1 5.50% $12,017
FIRST HOME MORTGAGE CORPORATION 1 4.00% $2,623
OVM FINANCIAL, INC. 1 4.25% $3,630
ONE NEVADA CREDIT UNION 1 5.50% $6,821
Victorian Finance, LLC 1 4.88% $5,140
Stifel Bank and Trust 1 4.50% $5,326
MDE Home Loans, LLC 1 6.13% $6,693
BRIDGELOCK CAPITAL 1 2.99% $12,207
BOKF 1 6.25% $3,577
Old National Bank 1 2.75% $996
FIRST MORTGAGE COMPANY, INC. 1 6.13% $4,806
OCEANSIDE MORTGAGE COMPANY 1 5.50% $7,012
OAKTREE FUNDING CORP. 1 4.50% $10,723
ALLIED MORTGAGE GROUP, INC. 1 6.63% $9,883
NVR Mortgage Finance, Inc. 1 4.25% $26,971
The Camden National Bank 1 3.50% $4,129
MID-ISLAND MORTGAGE CORP. 1 5.25% $14,746
NTFN, INC. 1 6.75% $2,086
INB 1 4.75% $22,983
First State Bank of St. Charles, Missouri 1 6.25% $14,050
The Union Bank Company 1 5.38% $24,096
LOANLEADERS OF AMERICA, INC. 1 4.50% $12,737
TIDEWATER MORTGAGE SERVICES, INC. 1 6.25% $14,267
First United Bank and Trust Company 1 7.13% $8,890
F&M Bank 1 4.75% $29,220
Franklin Loan Corporation 1 5.13% $27,429
JMAC LENDING, INC. 1 6.13% $7,642
Trinity Oaks Mortgage, LLC 1 5.75% $7,894
Atlantic Coast Mortgage, LLC 1 4.75% $4,844
GEO-CORP, INC. 1 4.63% $10,681
Great Plains National Bank 1 6.50% $3,823
Mutual Federal Bank 1 3.75% $3,356
WATSON MORTGAGE CORP. 1 5.25% $8,851
HAMILTON HOME LOANS, INC. 1 3.25% $15,291
ALAMEDA MORTGAGE CORPORATION 1 3.88% $7,798
UNITED SECURITY FINANCIAL CORP 1 2.88% $9,257
Hancock Whitney Bank 1 4.75% $6,152
University Bank 1 6.13% $10,436
HOMESTEAD FUNDING CORP. 1 4.75% $20,380
Univest Bank and Trust Co. 1 3.00% $13,762
MORTGAGE FINANCIAL GROUP, INC. 1 5.13% $11,870
INTELLILOAN, INC. 1 4.75% $11,800
MORTGAGE EQUITY PARTNERS LLC 1 5.75% $7,840
Core Bank 1 4.25% $17,228
COUNTRYPLACE MORTGAGE, LTD. 1 6.25% $8,262
Red River Bank 1 5.25% $5,750
RESOURCE FINANCIAL SERVICES, INC. 1 3.13% $8,133
RiverHills Bank 1 4.50% $4,357
Countybank 1 3.25% $3,305
DELMAR FINANCIAL COMPANY 1 5.63% $1,668
Progress Bank and Trust 1 4.63% $14,341
Encompass Lending Group, LP 1 3.75% $19,142
MORIA DEVELOPMENT, INC. 1 4.25% $9,731
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $11,583
EVANSVILLE TEACHERS 1 4.88% $2,418
MLD MORTGAGE INC. 1 5.88% $1,633
PLUS RELOCATION MORTGAGE, LLC 1 6.75% $25,564
First Citizens National Bank 1 3.38% $10,854
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $24,847

The top Georgia VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4,738 VA loans originated. Their average total fees are $7,240, which is $3,275 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Georgia VA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,518), Fifth Third Bank ($4,665), Lakeview Community Capital, LLC ($4,780), FINANCE OF AMERICA MORTGAGE LLC ($5,020) and Alcova Mortgage LLC ($5,419).

The lowest rate Georgia VA lenders (with over 10 loans originated) are NP, Inc. (2.77%), Credence Funding Corporation (3.36%), PENTAGON FEDERAL CREDIT UNION (3.49%), PENNYMAC LOAN SERVICES, LLC (3.55%) and Lakeview Community Capital, LLC (3.62%).

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.