Virginia Beach USDA Loan Rates, Closing Costs & Stats
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Virginia Beach's 17 lenders originated 27 USDA loans during 2024. The total origination value was $7,165,000, with an average USDA loan value of $265,370.
Virginia Beach USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Virginia Beach
averaged
6.27%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Virginia Beach's average USDA mortgage closing costs are $5,897.
The average rate for the prior week (2025-05-16) was
6.3% and
one month ago for the week of 2025-04-18, the
average rate was 6.49%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2025-05-23, the average rate
was 5.85%.
Virginia Beach USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Virginia Beach level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 3 | 6.25% | $8,360 |
| MOVEMENT MORTGAGE, LLC | 3 | 6.21% | $7,344 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 3 | 6.16% | $10,444 |
| Alcova Mortgage LLC | 2 | 6.50% | $5,727 |
| Blue Ridge Bank | 2 | 6.50% | $7,473 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.25% | $8,169 |
| NEWREZ LLC | 1 | 5.13% | $5,911 |
| T2 FINANCIAL LLC | 1 | 7.00% | $12,951 |
| Towne Bank | 1 | 5.88% | $14,147 |
| TOWNE MORTGAGE COMPANY | 1 | 6.63% | $5,280 |
| Truist | 1 | 5.75% | $6,392 |
| Advance Financial Group, LLC | 1 | 6.75% | $8,031 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.60% | $7,403 |
| Ameris Bank | 1 | 6.13% | $10,864 |
| BROKER SOLUTIONS, INC. | 1 | 6.25% | $10,417 |
| CALCON MUTUAL MORTGAGE LLC | 1 | 5.99% | $7,483 |
| DHI MORTGAGE COMPANY, LTD. | 1 | 3.99% | $17,567 |
The top Virginia Beach USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
3 USDA loans originated. Their average total fees are
$8,360, which is $1,016
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Virginia Beach USDA lenders (with over 10 loans originated) are
.
The lowest rate Virginia Beach USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Virginia Beach (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 | $260,000 (4.0%) | $340,882 (4.2%) | 0.96 | 9,205 |
| 2018-02-01 | $259,995 (4.0%) | $339,275 (3.6%) | 0.94 | 9,362 |
| 2018-03-01 | $269,000 (4.1%) | $342,891 (3.0%) | 0.94 | 9,664 |
| 2018-04-01 | $273,945 (3.4%) | $349,135 (2.9%) | 0.93 | 10,044 |
| 2018-05-01 | $278,200 (3.3%) | $355,174 (3.1%) | 0.93 | 10,269 |
| 2018-06-01 | $279,900 (4.1%) | $355,931 (2.8%) | 0.93 | 10,620 |
| 2018-07-01 | $279,315 (5.4%) | $353,190 (3.1%) | 0.93 | 10,771 |
| 2018-08-01 | $278,900 (5.3%) | $351,477 (3.2%) | 0.93 | 10,771 |
| 2018-09-01 | $277,445 (4.9%) | $350,596 (3.0%) | 0.93 | 10,537 |
| 2018-10-01 | $274,448 (3.6%) | $348,100 (1.1%) | 0.93 | 10,489 |
| 2018-11-01 | $270,450 (2.4%) | $347,315 (1.5%) | 0.92 | 10,125 |
| 2018-12-01 | $273,646 (5.3%) | $348,736 (2.3%) | 0.94 | 9,627 |
| 2019-01-01 | $274,950 (5.8%) | $347,793 (2.0%) | 0.95 | 9,131 |
| 2019-02-01 | $277,000 (6.5%) | $345,141 (1.7%) | 0.94 | 8,604 |
| 2019-03-01 | $284,571 (5.8%) | $353,272 (3.0%) | 0.93 | 8,950 |
| 2019-04-01 | $293,500 (7.1%) | $369,962 (6.0%) | 0.93 | 9,310 |
| 2019-05-01 | $296,450 (6.6%) | $371,881 (4.7%) | 0.93 | 9,808 |
| 2019-06-01 | $297,500 (6.3%) | $373,247 (4.9%) | 0.93 | 9,904 |
| 2019-07-01 | $296,950 (6.3%) | $375,079 (6.2%) | 0.93 | 9,739 |
| 2019-08-01 | $293,636 (5.3%) | $375,060 (6.7%) | 0.93 | 9,426 |
| 2019-09-01 | $291,591 (5.1%) | $375,199 (7.0%) | 0.93 | 9,042 |
| 2019-10-01 | $290,000 (5.7%) | $374,812 (7.7%) | 0.94 | 8,740 |
| 2019-11-01 | $294,900 (9.0%) | $376,348 (8.4%) | 0.97 | 8,234 |
| 2019-12-01 | $299,450 (9.4%) | $381,557 (9.4%) | 1.00 | 7,211 |
| 2020-01-01 | $298,480 (8.6%) | $380,462 (9.4%) | 1.00 | 6,719 |
| 2020-02-01 | $299,040 (8.0%) | $383,580 (11.1%) | 0.98 | 6,781 |
| 2020-03-01 | $300,000 (5.4%) | $384,312 (8.8%) | 0.94 | 6,922 |
| 2020-04-01 | $304,650 (3.8%) | $386,587 (4.5%) | 0.95 | 6,920 |
| 2020-05-01 | $313,000 (5.6%) | $395,352 (6.3%) | 0.95 | 6,668 |
| 2020-06-01 | $321,835 (8.2%) | $407,646 (9.2%) | 0.95 | 6,123 |
| 2020-07-01 | $324,900 (9.4%) | $408,697 (9.0%) | 0.94 | 5,817 |
| 2020-08-01 | $324,900 (10.7%) | $414,769 (10.6%) | 0.93 | 5,274 |
| 2020-09-01 | $320,643 (10.0%) | $411,239 (9.6%) | 0.92 | 5,033 |
| 2020-10-01 | $310,000 (6.9%) | $409,313 (9.2%) | 0.89 | 4,763 |
| 2020-11-01 | $305,000 (3.4%) | $409,994 (8.9%) | 0.89 | 4,599 |
| 2020-12-01 | $299,900 (0.2%) | $403,333 (5.7%) | 0.89 | 4,159 |
| 2021-01-01 | $299,900 (0.5%) | $401,580 (5.6%) | 0.90 | 3,714 |
| 2021-02-01 | $299,945 (0.3%) | $405,023 (5.6%) | 0.87 | 3,450 |
| 2021-03-01 | $300,029 (0.0%) | $406,184 (5.7%) | 0.85 | 3,282 |
| 2021-04-01 | $309,675 (1.7%) | $404,962 (4.8%) | 0.84 | 3,466 |
| 2021-05-01 | $309,990 (-1.0%) | $412,839 (4.4%) | 0.82 | 3,530 |
| 2021-06-01 | $309,498 (-3.8%) | $412,026 (1.1%) | 0.81 | 3,823 |
| 2021-07-01 | $305,000 (-6.1%) | $409,707 (0.3%) | 0.80 | 4,100 |
| 2021-08-01 | $299,950 (-7.7%) | $409,406 (-1.3%) | 0.80 | 4,289 |
| 2021-09-01 | $304,375 (-5.1%) | $415,364 (1.0%) | 0.81 | 4,221 |
| 2021-10-01 | $302,500 (-2.4%) | $416,194 (1.7%) | 0.81 | 3,980 |
| 2021-11-01 | $300,000 (-1.6%) | $413,170 (0.8%) | 0.80 | 3,627 |
| 2021-12-01 | $302,967 (1.0%) | $412,761 (2.3%) | 0.82 | 3,083 |
| 2022-01-01 | $313,980 (4.7%) | $421,724 (5.0%) | 0.85 | 2,521 |
| 2022-02-01 | $319,950 (6.7%) | $423,194 (4.5%) | 0.83 | 2,248 |
| 2022-03-01 | $327,475 (9.2%) | $433,172 (6.6%) | 0.82 | 2,211 |
| 2022-04-01 | $340,000 (9.8%) | $446,815 (10.3%) | 0.81 | 2,353 |
| 2022-05-01 | $350,000 (12.9%) | $455,429 (10.3%) | 0.80 | 2,828 |
| 2022-06-01 | $350,000 (13.1%) | $461,450 (12.0%) | 0.78 | 3,213 |
| 2022-07-01 | $350,000 (14.8%) | $468,659 (14.4%) | 0.79 | 3,621 |
| 2022-08-01 | $349,950 (16.7%) | $467,607 (14.2%) | 0.81 | 3,707 |
| 2022-09-01 | $349,950 (15.0%) | $464,891 (11.9%) | 0.82 | 3,602 |
| 2022-10-01 | $359,900 (19.0%) | $472,325 (13.5%) | 0.85 | 3,522 |
| 2022-11-01 | $359,950 (20.0%) | $466,504 (12.9%) | 0.87 | 3,634 |
| 2022-12-01 | $360,000 (18.8%) | $465,540 (12.8%) | 0.89 | 3,342 |
| 2023-01-01 | $369,000 (17.5%) | $468,774 (11.2%) | 0.91 | 2,978 |
| 2023-02-01 | $374,450 (17.0%) | $471,884 (11.5%) | 0.90 | 2,811 |
| 2023-03-01 | $374,950 (14.5%) | $477,464 (10.2%) | 0.88 | 2,716 |
| 2023-04-01 | $385,000 (13.2%) | $492,570 (10.2%) | 0.90 | 2,742 |
| 2023-05-01 | $387,450 (10.7%) | $502,563 (10.4%) | 0.88 | 2,745 |
| 2023-06-01 | $399,000 (14.0%) | $520,453 (12.8%) | 0.90 | 2,896 |
| 2023-07-01 | $395,000 (12.9%) | $514,444 (9.8%) | 0.90 | 3,027 |
| 2023-08-01 | $386,563 (10.5%) | $501,945 (7.3%) | 0.89 | 3,664 |
| 2023-09-01 | $380,000 (8.6%) | $497,787 (7.1%) | 0.88 | 3,521 |
| 2023-10-01 | $374,950 (4.2%) | $480,119 (1.7%) | 0.88 | 3,446 |
| 2023-11-01 | $379,450 (5.4%) | $482,230 (3.4%) | 0.90 | 3,586 |
| 2023-12-01 | $379,000 (5.3%) | $481,355 (3.4%) | 0.92 | 3,463 |
| 2024-01-01 | $378,995 (2.7%) | $484,837 (3.4%) | 0.93 | 3,117 |
| 2024-02-01 | $387,223 (3.4%) | $494,149 (4.7%) | 0.93 | 3,083 |
| 2024-03-01 | $395,000 (5.4%) | $515,597 (8.0%) | 0.93 | 3,130 |
| 2024-04-01 | $394,995 (2.6%) | $513,348 (4.2%) | 0.92 | 3,233 |
| 2024-05-01 | $393,750 (1.6%) | $524,521 (4.4%) | 0.90 | 3,535 |
| 2024-06-01 | $394,500 (-1.1%) | $518,792 (-0.3%) | 0.90 | 3,721 |
| 2024-07-01 | $397,225 (0.6%) | $522,888 (1.6%) | 0.91 | 4,033 |
| 2024-08-01 | $395,000 (2.2%) | $517,458 (3.1%) | 0.92 | 4,415 |
| 2024-09-01 | $394,400 (3.8%) | $510,971 (2.7%) | 0.93 | 4,462 |
| 2024-10-01 | $395,450 (5.5%) | $516,935 (7.7%) | 0.93 | 4,494 |
| 2024-11-01 | $390,000 (2.8%) | $513,504 (6.5%) | 0.94 | 4,593 |
| 2024-12-01 | $389,950 (2.9%) | $518,111 (7.6%) | 0.97 | 4,050 |
| 2025-01-01 | $389,450 (2.8%) | $515,174 (6.3%) | 0.97 | 3,809 |
| 2025-02-01 | $392,500 (1.4%) | $515,376 (4.3%) | 0.95 | 3,921 |
| 2025-03-01 | $399,966 (1.3%) | $527,695 (2.4%) | 0.94 | 3,944 |
| 2025-04-01 | $409,950 (3.8%) | $531,118 (3.5%) | 0.95 | 4,271 |
Virginia Beach's median listing price comes in at 95% of the national average.
Virginia Beach's average listing price for 2025-04-01 was $531,118, a difference of $17,770 (3.5%) versus the prior year and $3,423 versus the prior month.
For the 2025-04-01 period, Virginia Beach had 4,271 MLS listings, a difference of 327 listings (8%) versus the prior month and 1,038 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Virginia Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 78 days | 1,949 sqft |
| 2018-02-01 | 67 days | 1,941 sqft |
| 2018-03-01 | 51 days | 1,970 sqft |
| 2018-04-01 | 47 days | 1,997 sqft |
| 2018-05-01 | 45 days | 2,000 sqft |
| 2018-06-01 | 47 days | 2,000 sqft |
| 2018-07-01 | 52 days | 2,000 sqft |
| 2018-08-01 | 57 days | 1,999 sqft |
| 2018-09-01 | 59 days | 2,000 sqft |
| 2018-10-01 | 61 days | 1,981 sqft |
| 2018-11-01 | 62 days | 1,980 sqft |
| 2018-12-01 | 70 days | 1,976 sqft |
| 2019-01-01 | 72 days | 1,977 sqft |
| 2019-02-01 | 63 days | 1,987 sqft |
| 2019-03-01 | 48 days | 2,008 sqft |
| 2019-04-01 | 43 days | 2,036 sqft |
| 2019-05-01 | 43 days | 2,036 sqft |
| 2019-06-01 | 45 days | 2,036 sqft |
| 2019-07-01 | 52 days | 2,020 sqft |
| 2019-08-01 | 54 days | 2,005 sqft |
| 2019-09-01 | 56 days | 2,002 sqft |
| 2019-10-01 | 57 days | 2,000 sqft |
| 2019-11-01 | 58 days | 2,003 sqft |
| 2019-12-01 | 66 days | 2,026 sqft |
| 2020-01-01 | 69 days | 2,005 sqft |
| 2020-02-01 | 50 days | 2,005 sqft |
| 2020-03-01 | 44 days | 2,030 sqft |
| 2020-04-01 | 48 days | 2,037 sqft |
| 2020-05-01 | 53 days | 2,054 sqft |
| 2020-06-01 | 47 days | 2,075 sqft |
| 2020-07-01 | 42 days | 2,057 sqft |
| 2020-08-01 | 38 days | 2,054 sqft |
| 2020-09-01 | 38 days | 2,014 sqft |
| 2020-10-01 | 39 days | 1,975 sqft |
| 2020-11-01 | 39 days | 1,936 sqft |
| 2020-12-01 | 45 days | 1,899 sqft |
| 2021-01-01 | 46 days | 1,876 sqft |
| 2021-02-01 | 35 days | 1,841 sqft |
| 2021-03-01 | 29 days | 1,857 sqft |
| 2021-04-01 | 26 days | 1,871 sqft |
| 2021-05-01 | 23 days | 1,868 sqft |
| 2021-06-01 | 25 days | 1,857 sqft |
| 2021-07-01 | 26 days | 1,824 sqft |
| 2021-08-01 | 28 days | 1,800 sqft |
| 2021-09-01 | 31 days | 1,800 sqft |
| 2021-10-01 | 31 days | 1,798 sqft |
| 2021-11-01 | 33 days | 1,768 sqft |
| 2021-12-01 | 37 days | 1,779 sqft |
| 2022-01-01 | 40 days | 1,800 sqft |
| 2022-02-01 | 26 days | 1,800 sqft |
| 2022-03-01 | 22 days | 1,822 sqft |
| 2022-04-01 | 19 days | 1,854 sqft |
| 2022-05-01 | 21 days | 1,885 sqft |
| 2022-06-01 | 23 days | 1,900 sqft |
| 2022-07-01 | 26 days | 1,903 sqft |
| 2022-08-01 | 33 days | 1,921 sqft |
| 2022-09-01 | 37 days | 1,911 sqft |
| 2022-10-01 | 37 days | 1,944 sqft |
| 2022-11-01 | 39 days | 1,947 sqft |
| 2022-12-01 | 49 days | 1,946 sqft |
| 2023-01-01 | 52 days | 1,951 sqft |
| 2023-02-01 | 38 days | 1,955 sqft |
| 2023-03-01 | 38 days | 1,969 sqft |
| 2023-04-01 | 30 days | 2,000 sqft |
| 2023-05-01 | 29 days | 2,016 sqft |
| 2023-06-01 | 29 days | 2,031 sqft |
| 2023-07-01 | 32 days | 2,010 sqft |
| 2023-08-01 | 31 days | 1,960 sqft |
| 2023-09-01 | 36 days | 1,972 sqft |
| 2023-10-01 | 39 days | 1,927 sqft |
| 2023-11-01 | 38 days | 1,941 sqft |
| 2023-12-01 | 45 days | 1,938 sqft |
| 2024-01-01 | 49 days | 1,922 sqft |
| 2024-02-01 | 37 days | 1,942 sqft |
| 2024-03-01 | 34 days | 1,962 sqft |
| 2024-04-01 | 32 days | 1,936 sqft |
| 2024-05-01 | 30 days | 1,924 sqft |
| 2024-06-01 | 32 days | 1,900 sqft |
| 2024-07-01 | 35 days | 1,908 sqft |
| 2024-08-01 | 36 days | 1,908 sqft |
| 2024-09-01 | 41 days | 1,899 sqft |
| 2024-10-01 | 43 days | 1,894 sqft |
| 2024-11-01 | 44 days | 1,868 sqft |
| 2024-12-01 | 47 days | 1,861 sqft |
| 2025-01-01 | 52 days | 1,843 sqft |
| 2025-02-01 | 39 days | 1,840 sqft |
| 2025-03-01 | 38 days | 1,875 sqft |
| 2025-04-01 | 35 days | 1,903 sqft |
Virginia Beach's median square footage for active listings during the 2025-04-01 period was 1,903 sqft. One year prior, the average listing was 1,936 sqft.