Albemarle VA Loan Rates, Closing Costs & Stats

Albemarle, NC

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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.

    Albemarle's 43 lenders originated 138 VA loans during 2024. The total origination value was $45,290,000, with an average VA loan value of $328,188.

    Albemarle VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Albemarle averaged 0.15% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Albemarle's average VA mortgage closing costs are $5,884.

    The average rate for the prior week (2025-06-13) was 6.49% and one month ago for the week of 2025-05-16, the average rate was 6.65%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.11%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 26 6.46% $4,779
    MOVEMENT MORTGAGE, LLC 16 6.27% $7,392
    UNITED WHOLESALE MORTGAGE, LLC 10 5.84% $8,861
    QUICKEN LOANS, LLC 8 5.85% $9,817
    FREEDOM MORTGAGE CORPORATION 7 6.75% $4,645
    CROSSCOUNTRY MORTGAGE, LLC 6 6.49% $7,648
    LOANDEPOT.COM, LLC 5 6.29% $8,670
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.30% $7,135
    DHI MORTGAGE COMPANY, LTD. 3 5.46% $350
    Uwharrie Bank 3 6.54% $2,341
    PENNYMAC LOAN SERVICES, LLC 3 5.38% $6,615
    USAA Federal Savings Bank 2 6.69% $4,849
    VILLAGE CAPITAL MORTGAGE 2 5.31% $3,892
    Wells Fargo Bank 2 5.69% $11,355
    The Federal Savings Bank 2 6.06% $11,374
    Mid-Continent Funding, Inc. 2 6.25% $13,756
    Barrington Bank & Trust Company, N.A. 2 7.75% $5,723
    Carrington Mortgage Services, LLC 2 7.13% $1,735
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.75% $8,637
    NAVY FEDERAL CREDIT UNION 2 5.81% $5,865
    SeaTrust Mortgage Company 1 6.12% $4,356
    The Loan Store, Inc. 1 5.63% $5,045
    ZILLOW HOME LOANS, LLC 1 6.25% $5,408
    NEWREZ LLC 1 4.75% $11,617
    American Security Mortgage Corp. 1 6.25% $8,468
    CLEARPATH LENDING 1 5.75% $1,943
    CMG MORTGAGE, INC. 1 6.75% $4,210
    DELMAR FINANCIAL COMPANY 1 6.49% $5,462
    Equity Prime Mortgage LLC 1 5.75% $8,537
    GUARANTEED RATE, INC. 1 6.50% $2,863
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.00% $11,003
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 7.13% $4,549
    Magnolia Bank 1 5.75% $17,740
    Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $17,716
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $6,610
    Nations Lending Corporation 1 6.75% $16,451
    NEW DAY FINANCIAL, LLC 1 7.63% $10,541
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $25,327
    Pinnacle Bank 1 6.25% $9,624
    Plains Commerce Bank 1 6.13% $4,132
    PLANET HOME LENDING, LLC 1 5.99% $1,228
    Prosperity Home Mortgage, LLC 1 5.25% $3,642
    RELIANCE FIRST CAPITAL, LLC 1 7.13% $16,015

    The top Albemarle VA lender as defined by loan originations is Mortgage Research Center, LLC, with 26 VA loans originated. Their average total fees are $4,779, which is $2,613 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 ($4,779), MOVEMENT MORTGAGE, LLC ($7,392), UNITED WHOLESALE MORTGAGE, LLC ($8,861), .

    The lowest rate Albemarle VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.84%), MOVEMENT MORTGAGE, LLC (6.27%), Mortgage Research Center, LLC (6.46%), .

    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.