Albemarle VA Loan Rates, Closing Costs & Stats
Albemarle, NC
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.
Albemarle's 34 lenders originated 112 VA loans during 2023. The total origination value was $32,730,000, with an average VA loan value of $292,232.
Albemarle VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Albemarle
averaged
5.75%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Albemarle's average VA mortgage closing costs are $5,706.
The average rate for the prior week (2024-10-04) was
5.61% and
one month ago for the week of 2024-09-06, the
average rate was 5.81%.
The average rate one year ago was 7.07%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.65%.
Albemarle 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 Albemarle level.
The top Albemarle VA lender as defined by loan originations is Mortgage Research Center, LLC, with
19 VA loans originated. Their average total fees are
$6,709, which is $307
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Albemarle VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($6,709), MOVEMENT MORTGAGE, LLC ($7,015), .
The lowest rate Albemarle VA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC (6.43%), Mortgage Research Center, LLC (6.62%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $249,700 (6.9%) | $317,158 (-5.5%) | 0.00 | 250 |
2018-02-01 | $252,038 (2.4%) | $323,624 (-9.4%) | 0.00 | 235 |
2018-03-01 | $249,500 (2.6%) | $340,211 (-4.9%) | 0.00 | 241 |
2018-04-01 | $273,800 (9.6%) | $364,002 (0.7%) | 0.00 | 258 |
2018-05-01 | $275,375 (5.9%) | $366,403 (1.5%) | 0.00 | 270 |
2018-06-01 | $261,500 (-6.4%) | $368,046 (2.0%) | 0.00 | 281 |
2018-07-01 | $277,475 (-1.8%) | $385,101 (6.9%) | 0.00 | 285 |
2018-08-01 | $271,950 (-6.1%) | $382,707 (4.0%) | 0.00 | 295 |
2018-09-01 | $265,900 (-4.9%) | $374,651 (1.5%) | 0.00 | 312 |
2018-10-01 | $266,300 (-4.9%) | $379,381 (3.6%) | 0.00 | 301 |
2018-11-01 | $259,900 (-7.7%) | $373,556 (4.7%) | 0.00 | 286 |
2018-12-01 | $252,400 (-2.9%) | $375,499 (12.9%) | 0.00 | 264 |
2019-01-01 | $249,900 (0.1%) | $371,400 (17.1%) | 0.00 | 248 |
2019-02-01 | $256,950 (2.0%) | $372,094 (15.0%) | 0.00 | 249 |
2019-03-01 | $265,757 (6.5%) | $385,216 (13.2%) | 0.00 | 262 |
2019-04-01 | $274,850 (0.4%) | $390,211 (7.2%) | 0.00 | 285 |
2019-05-01 | $258,075 (-6.3%) | $374,687 (2.3%) | 0.00 | 322 |
2019-06-01 | $249,900 (-4.4%) | $364,580 (-0.9%) | 0.00 | 309 |
2019-07-01 | $249,900 (-9.9%) | $358,536 (-6.9%) | 0.00 | 291 |
2019-08-01 | $246,882 (-9.2%) | $344,726 (-9.9%) | 0.00 | 288 |
2019-09-01 | $242,955 (-8.6%) | $333,412 (-11.0%) | 0.00 | 294 |
2019-10-01 | $240,361 (-9.7%) | $327,004 (-13.8%) | 0.00 | 287 |
2019-11-01 | $249,900 (-3.9%) | $338,350 (-9.4%) | 0.00 | 264 |
2019-12-01 | $262,223 (3.9%) | $359,826 (-4.2%) | 0.00 | 237 |
2020-01-01 | $261,928 (4.8%) | $365,732 (-1.5%) | 0.00 | 201 |
2020-02-01 | $253,750 (-1.3%) | $361,941 (-2.7%) | 0.00 | 209 |
2020-03-01 | $256,200 (-3.6%) | $371,032 (-3.7%) | 0.00 | 221 |
2020-04-01 | $252,400 (-8.2%) | $366,785 (-6.0%) | 0.00 | 220 |
2020-05-01 | $259,900 (0.7%) | $390,782 (4.3%) | 0.00 | 191 |
2020-06-01 | $254,950 (2.0%) | $388,177 (6.5%) | 0.00 | 170 |
2020-07-01 | $254,950 (2.0%) | $394,569 (10.1%) | 0.00 | 155 |
2020-08-01 | $249,950 (1.2%) | $402,941 (16.9%) | 0.00 | 142 |
2020-09-01 | $239,625 (-1.4%) | $380,545 (14.1%) | 0.00 | 141 |
2020-10-01 | $250,000 (4.0%) | $385,612 (17.9%) | 0.00 | 133 |
2020-11-01 | $238,725 (-4.5%) | $387,290 (14.5%) | 0.00 | 127 |
2020-12-01 | $230,375 (-12.2%) | $390,798 (8.6%) | 0.00 | 119 |
2021-01-01 | $217,500 (-17.0%) | $382,084 (4.5%) | 0.00 | 104 |
2021-02-01 | $214,975 (-15.3%) | $388,759 (7.4%) | 0.00 | 93 |
2021-03-01 | $251,175 (-2.0%) | $389,505 (5.0%) | 0.00 | 84 |
2021-04-01 | $259,500 (2.8%) | $423,550 (15.5%) | 0.00 | 78 |
2021-05-01 | $269,000 (3.5%) | $418,557 (7.1%) | 0.00 | 94 |
2021-06-01 | $293,975 (15.3%) | $418,169 (7.7%) | 0.00 | 112 |
2021-07-01 | $299,900 (17.6%) | $428,220 (8.5%) | 0.00 | 106 |
2021-08-01 | $269,950 (8.0%) | $386,590 (-4.1%) | 0.00 | 128 |
2021-09-01 | $276,725 (15.5%) | $377,211 (-0.9%) | 0.00 | 122 |
2021-10-01 | $269,900 (8.0%) | $350,170 (-9.2%) | 0.00 | 108 |
2021-11-01 | $260,000 (8.9%) | $353,111 (-8.8%) | 0.00 | 90 |
2021-12-01 | $263,650 (14.4%) | $332,485 (-14.9%) | 0.00 | 96 |
2022-01-01 | $329,000 (51.3%) | $365,557 (-4.3%) | 0.00 | 80 |
2022-02-01 | $312,425 (45.3%) | $360,140 (-7.4%) | 0.00 | 62 |
2022-03-01 | $284,231 (13.2%) | $344,032 (-11.7%) | 0.00 | 67 |
2022-04-01 | $296,900 (14.4%) | $382,191 (-9.8%) | 0.00 | 71 |
2022-05-01 | $348,848 (29.7%) | $442,774 (5.8%) | 0.00 | 87 |
2022-06-01 | $348,200 (18.5%) | $423,458 (1.3%) | 0.00 | 96 |
2022-07-01 | $329,900 (10.0%) | $410,634 (-4.1%) | 0.00 | 127 |
2022-08-01 | $314,700 (16.6%) | $405,905 (5.0%) | 0.00 | 146 |
2022-09-01 | $301,175 (8.8%) | $364,699 (-3.3%) | 0.00 | 190 |
2022-10-01 | $319,950 (18.5%) | $389,635 (11.3%) | 0.00 | 203 |
2022-11-01 | $322,850 (24.2%) | $370,480 (4.9%) | 0.00 | 217 |
2022-12-01 | $302,500 (14.7%) | $348,402 (4.8%) | 0.00 | 195 |
2023-01-01 | $304,500 (-7.5%) | $348,891 (-4.6%) | 0.00 | 195 |
2023-02-01 | $330,750 (5.9%) | $402,976 (11.9%) | 0.00 | 169 |
2023-03-01 | $329,950 (16.1%) | $440,005 (27.9%) | 0.00 | 165 |
2023-04-01 | $329,900 (11.1%) | $437,923 (14.6%) | 0.00 | 152 |
2023-05-01 | $332,000 (-4.8%) | $460,610 (4.0%) | 0.00 | 138 |
2023-06-01 | $329,900 (-5.3%) | $444,581 (5.0%) | 0.00 | 155 |
2023-07-01 | $339,100 (2.8%) | $455,675 (11.0%) | 0.00 | 164 |
2023-08-01 | $347,225 (10.3%) | $461,942 (13.8%) | 0.00 | 160 |
2023-09-01 | $339,900 (12.9%) | $458,547 (25.7%) | 0.00 | 157 |
2023-10-01 | $357,963 (11.9%) | $463,681 (19.0%) | 0.00 | 168 |
2023-11-01 | $326,860 (1.2%) | $449,055 (21.2%) | 0.00 | 174 |
2023-12-01 | $325,000 (7.4%) | $454,878 (30.6%) | 0.00 | 175 |
2024-01-01 | $329,675 (8.3%) | $448,950 (28.7%) | 0.00 | 175 |
2024-02-01 | $340,350 (2.9%) | $480,827 (19.3%) | 0.00 | 162 |
2024-03-01 | $350,000 (6.1%) | $457,539 (4.0%) | 0.00 | 164 |
2024-04-01 | $360,875 (9.4%) | $462,667 (5.7%) | 0.00 | 158 |
2024-05-01 | $374,575 (12.8%) | $481,596 (4.6%) | 0.00 | 167 |
2024-06-01 | $354,500 (7.5%) | $475,272 (6.9%) | 0.00 | 177 |
2024-07-01 | $351,225 (3.6%) | $459,731 (0.9%) | 0.00 | 203 |
2024-08-01 | $351,450 (1.2%) | $443,326 (-4.0%) | 0.00 | 198 |
2024-09-01 | $350,000 (3.0%) | $426,749 (-6.9%) | 0.00 | 207 |
Albemarle's median listing price comes in at 0% of the national average.
Albemarle's average listing price for 2024-09-01 was $426,749, a difference of $-31,798 (-6.9%) versus the prior year and $-16,577 versus the prior month.
For the 2024-09-01 period, Albemarle had 207 MLS listings, a difference of 9 listings (5%) versus the prior month and 50 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,947 sqft |
2018-02-01 | 0 days | 1,977 sqft |
2018-03-01 | 0 days | 1,953 sqft |
2018-04-01 | 0 days | 2,045 sqft |
2018-05-01 | 0 days | 2,019 sqft |
2018-06-01 | 0 days | 1,999 sqft |
2018-07-01 | 0 days | 1,999 sqft |
2018-08-01 | 0 days | 1,955 sqft |
2018-09-01 | 0 days | 1,824 sqft |
2018-10-01 | 0 days | 1,831 sqft |
2018-11-01 | 0 days | 1,840 sqft |
2018-12-01 | 0 days | 1,885 sqft |
2019-01-01 | 0 days | 1,811 sqft |
2019-02-01 | 0 days | 1,810 sqft |
2019-03-01 | 0 days | 1,827 sqft |
2019-04-01 | 0 days | 1,828 sqft |
2019-05-01 | 0 days | 1,826 sqft |
2019-06-01 | 0 days | 2,007 sqft |
2019-07-01 | 0 days | 2,009 sqft |
2019-08-01 | 0 days | 1,983 sqft |
2019-09-01 | 0 days | 1,995 sqft |
2019-10-01 | 0 days | 2,005 sqft |
2019-11-01 | 0 days | 1,905 sqft |
2019-12-01 | 0 days | 1,995 sqft |
2020-01-01 | 0 days | 1,981 sqft |
2020-02-01 | 0 days | 1,863 sqft |
2020-03-01 | 0 days | 1,824 sqft |
2020-04-01 | 0 days | 1,813 sqft |
2020-05-01 | 0 days | 1,845 sqft |
2020-06-01 | 0 days | 1,840 sqft |
2020-07-01 | 0 days | 1,913 sqft |
2020-08-01 | 0 days | 1,887 sqft |
2020-09-01 | 0 days | 1,796 sqft |
2020-10-01 | 0 days | 1,946 sqft |
2020-11-01 | 0 days | 1,838 sqft |
2020-12-01 | 0 days | 1,757 sqft |
2021-01-01 | 0 days | 1,732 sqft |
2021-02-01 | 0 days | 1,670 sqft |
2021-03-01 | 0 days | 1,669 sqft |
2021-04-01 | 0 days | 1,717 sqft |
2021-05-01 | 0 days | 1,813 sqft |
2021-06-01 | 0 days | 1,773 sqft |
2021-07-01 | 0 days | 1,772 sqft |
2021-08-01 | 0 days | 1,614 sqft |
2021-09-01 | 0 days | 1,700 sqft |
2021-10-01 | 0 days | 1,698 sqft |
2021-11-01 | 0 days | 1,677 sqft |
2021-12-01 | 0 days | 1,587 sqft |
2022-01-01 | 0 days | 1,729 sqft |
2022-02-01 | 0 days | 1,715 sqft |
2022-03-01 | 0 days | 1,669 sqft |
2022-04-01 | 0 days | 1,676 sqft |
2022-05-01 | 0 days | 1,782 sqft |
2022-06-01 | 0 days | 1,698 sqft |
2022-07-01 | 0 days | 1,670 sqft |
2022-08-01 | 0 days | 1,614 sqft |
2022-09-01 | 0 days | 1,588 sqft |
2022-10-01 | 0 days | 1,669 sqft |
2022-11-01 | 0 days | 1,629 sqft |
2022-12-01 | 0 days | 1,548 sqft |
2023-01-01 | 0 days | 1,538 sqft |
2023-02-01 | 0 days | 1,653 sqft |
2023-03-01 | 0 days | 1,631 sqft |
2023-04-01 | 0 days | 1,586 sqft |
2023-05-01 | 0 days | 1,710 sqft |
2023-06-01 | 0 days | 1,648 sqft |
2023-07-01 | 0 days | 1,736 sqft |
2023-08-01 | 0 days | 1,690 sqft |
2023-09-01 | 0 days | 1,662 sqft |
2023-10-01 | 0 days | 1,733 sqft |
2023-11-01 | 0 days | 1,621 sqft |
2023-12-01 | 0 days | 1,602 sqft |
2024-01-01 | 0 days | 1,603 sqft |
2024-02-01 | 0 days | 1,630 sqft |
2024-03-01 | 0 days | 1,622 sqft |
2024-04-01 | 0 days | 1,671 sqft |
2024-05-01 | 0 days | 1,776 sqft |
2024-06-01 | 0 days | 1,789 sqft |
2024-07-01 | 0 days | 1,781 sqft |
2024-08-01 | 0 days | 1,790 sqft |
2024-09-01 | 0 days | 1,757 sqft |
Albemarle's median square footage for active listings during the 2024-09-01 period was 1,757 sqft. One year prior, the average listing was 1,662 sqft.