Asheville VA Loan Rates, Closing Costs & Stats
ASHEVILLE, 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.
Asheville's 105 lenders originated 576 VA loans during 2022. The total origination value was $202,040,000, with an average VA loan value of $350,764.
Asheville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Asheville
averaged
6.49%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Asheville's average VA mortgage closing costs are $6,042.
The average rate for the prior week (2023-09-15) was
6.67% and
one month ago for the week of 2023-08-18, the
average rate was 6.55%.
The average rate one year ago was 5.51%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.59%.
Asheville 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 Asheville level.
The top Asheville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
68 VA loans originated. Their average total fees are
$8,301, which is $6,390
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Asheville VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,321), NAVY FEDERAL CREDIT UNION ($4,462), MOVEMENT MORTGAGE, LLC ($7,687), Mortgage Research Center, LLC ($8,301) and USAA Federal Savings Bank ($8,878).
The lowest rate Asheville VA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (3.06%), PENNYMAC LOAN SERVICES, LLC (3.48%), QUICKEN LOANS, LLC (3.82%), DHI MORTGAGE COMPANY, LTD. (4.08%) and NAVY FEDERAL CREDIT UNION (4.12%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Asheville (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 | $349,950 (0.1%) | $496,019 (-3.7%) | 1.30 | 2,439 |
| 2018-02-01 | $349,963 (-3.1%) | $492,032 (-6.4%) | 1.27 | 2,387 |
| 2018-03-01 | $354,900 (-2.6%) | $497,845 (-5.4%) | 1.25 | 2,439 |
| 2018-04-01 | $358,925 (-3.0%) | $495,286 (-5.9%) | 1.22 | 2,572 |
| 2018-05-01 | $364,225 (-3.3%) | $494,421 (-7.3%) | 1.22 | 2,668 |
| 2018-06-01 | $385,000 (1.3%) | $530,377 (0.2%) | 1.28 | 2,593 |
| 2018-07-01 | $387,000 (2.1%) | $524,077 (-0.6%) | 1.29 | 2,676 |
| 2018-08-01 | $385,000 (0.7%) | $519,027 (-3.3%) | 1.29 | 2,773 |
| 2018-09-01 | $380,950 (0.5%) | $518,694 (-3.5%) | 1.28 | 2,882 |
| 2018-10-01 | $377,200 (0.2%) | $514,303 (-4.0%) | 1.28 | 2,978 |
| 2018-11-01 | $375,000 (-1.2%) | $510,954 (-4.2%) | 1.27 | 2,869 |
| 2018-12-01 | $375,000 (-1.1%) | $511,713 (-4.2%) | 1.29 | 2,651 |
| 2019-01-01 | $379,000 (8.3%) | $519,356 (4.7%) | 1.31 | 2,356 |
| 2019-02-01 | $375,000 (7.2%) | $522,183 (6.1%) | 1.27 | 2,256 |
| 2019-03-01 | $383,379 (8.0%) | $533,567 (7.2%) | 1.25 | 2,338 |
| 2019-04-01 | $396,525 (10.5%) | $549,001 (10.9%) | 1.26 | 2,460 |
| 2019-05-01 | $399,925 (9.8%) | $558,910 (13.0%) | 1.25 | 2,595 |
| 2019-06-01 | $399,500 (3.8%) | $559,076 (5.4%) | 1.25 | 2,771 |
| 2019-07-01 | $399,000 (3.1%) | $551,524 (5.2%) | 1.25 | 2,766 |
| 2019-08-01 | $399,000 (3.6%) | $551,132 (6.2%) | 1.26 | 2,793 |
| 2019-09-01 | $399,000 (4.7%) | $547,524 (5.6%) | 1.28 | 2,809 |
| 2019-10-01 | $399,000 (5.8%) | $546,303 (6.2%) | 1.29 | 2,821 |
| 2019-11-01 | $399,000 (6.4%) | $549,650 (7.6%) | 1.31 | 2,637 |
| 2019-12-01 | $398,950 (6.4%) | $548,845 (7.3%) | 1.33 | 2,314 |
| 2020-01-01 | $399,373 (5.4%) | $560,534 (7.9%) | 1.33 | 2,015 |
| 2020-02-01 | $400,000 (6.7%) | $562,601 (7.7%) | 1.31 | 1,843 |
| 2020-03-01 | $403,656 (5.3%) | $567,123 (6.3%) | 1.27 | 1,870 |
| 2020-04-01 | $399,450 (0.7%) | $555,177 (1.1%) | 1.25 | 2,022 |
| 2020-05-01 | $419,900 (5.0%) | $578,288 (3.5%) | 1.28 | 2,015 |
| 2020-06-01 | $427,000 (6.9%) | $596,811 (6.8%) | 1.26 | 1,958 |
| 2020-07-01 | $427,000 (7.0%) | $606,243 (9.9%) | 1.24 | 1,858 |
| 2020-08-01 | $429,000 (7.5%) | $614,891 (11.6%) | 1.23 | 1,687 |
| 2020-09-01 | $442,500 (10.9%) | $648,644 (18.5%) | 1.27 | 1,586 |
| 2020-10-01 | $449,250 (12.6%) | $658,355 (20.5%) | 1.29 | 1,556 |
| 2020-11-01 | $455,250 (14.1%) | $670,739 (22.0%) | 1.33 | 1,424 |
| 2020-12-01 | $469,000 (17.6%) | $688,882 (25.5%) | 1.40 | 1,276 |
| 2021-01-01 | $463,000 (15.9%) | $693,720 (23.8%) | 1.38 | 1,061 |
| 2021-02-01 | $449,250 (12.3%) | $689,485 (22.6%) | 1.31 | 911 |
| 2021-03-01 | $457,475 (13.3%) | $697,415 (23.0%) | 1.30 | 818 |
| 2021-04-01 | $464,950 (16.4%) | $718,269 (29.4%) | 1.26 | 843 |
| 2021-05-01 | $479,000 (14.1%) | $737,198 (27.5%) | 1.27 | 861 |
| 2021-06-01 | $472,450 (10.6%) | $713,240 (19.5%) | 1.24 | 1,092 |
| 2021-07-01 | $454,385 (6.4%) | $689,197 (13.7%) | 1.20 | 1,204 |
| 2021-08-01 | $448,675 (4.6%) | $690,368 (12.3%) | 1.20 | 1,225 |
| 2021-09-01 | $456,503 (3.2%) | $715,651 (10.3%) | 1.22 | 1,201 |
| 2021-10-01 | $469,950 (4.6%) | $729,040 (10.7%) | 1.25 | 1,157 |
| 2021-11-01 | $472,250 (3.7%) | $743,062 (10.8%) | 1.26 | 1,010 |
| 2021-12-01 | $479,000 (2.1%) | $770,120 (11.8%) | 1.30 | 867 |
| 2022-01-01 | $499,450 (7.9%) | $827,928 (19.4%) | 1.35 | 678 |
| 2022-02-01 | $537,063 (19.6%) | $909,748 (32.0%) | 1.40 | 539 |
| 2022-03-01 | $552,228 (20.7%) | $918,572 (31.7%) | 1.38 | 517 |
| 2022-04-01 | $550,000 (18.3%) | $883,704 (23.0%) | 1.31 | 600 |
| 2022-05-01 | $567,000 (18.4%) | $862,329 (17.0%) | 1.30 | 817 |
| 2022-06-01 | $560,000 (18.5%) | $825,831 (15.8%) | 1.25 | 961 |
| 2022-07-01 | $530,000 (16.6%) | $788,446 (14.4%) | 1.19 | 1,138 |
| 2022-08-01 | $521,240 (16.2%) | $761,878 (10.4%) | 1.21 | 1,155 |
| 2022-09-01 | $524,950 (15.0%) | $774,188 (8.2%) | 1.23 | 1,189 |
| 2022-10-01 | $529,000 (12.6%) | $793,039 (8.8%) | 1.24 | 1,293 |
| 2022-11-01 | $534,625 (13.2%) | $797,858 (7.4%) | 1.29 | 1,231 |
| 2022-12-01 | $539,000 (12.5%) | $797,674 (3.6%) | 1.33 | 1,097 |
| 2023-01-01 | $529,950 (6.1%) | $799,113 (-3.5%) | 1.31 | 958 |
| 2023-02-01 | $575,000 (7.1%) | $832,499 (-8.5%) | 1.39 | 819 |
| 2023-03-01 | $575,000 (4.1%) | $841,281 (-8.4%) | 1.36 | 836 |
| 2023-04-01 | $589,500 (7.2%) | $854,280 (-3.3%) | 1.37 | 924 |
| 2023-05-01 | $599,000 (5.6%) | $875,823 (1.6%) | 1.36 | 1,055 |
| 2023-06-01 | $607,500 (8.5%) | $888,508 (7.6%) | 1.37 | 1,105 |
| 2023-07-01 | $599,000 (13.0%) | $881,137 (11.8%) | 1.36 | 1,144 |
| 2023-08-01 | $600,000 (15.1%) | $874,653 (14.8%) | 1.38 | 1,172 |
Asheville's median listing price comes in at 138% of the national average.
Asheville's average listing price for 2023-08-01 was $874,653, a difference of $112,775 (14.8%) versus the prior year and $-6,484 versus the prior month.
For the 2023-08-01 period, Asheville had 1,172 MLS listings, a difference of 28 listings (2%) versus the prior month and 17 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Asheville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 106 days | 2,227 sqft |
| 2018-02-01 | 46 days | 2,194 sqft |
| 2018-03-01 | 68 days | 2,155 sqft |
| 2018-04-01 | 80 days | 2,157 sqft |
| 2018-05-01 | 73 days | 2,163 sqft |
| 2018-06-01 | 72 days | 2,160 sqft |
| 2018-07-01 | 72 days | 2,187 sqft |
| 2018-08-01 | 79 days | 2,185 sqft |
| 2018-09-01 | 81 days | 2,172 sqft |
| 2018-10-01 | 85 days | 2,131 sqft |
| 2018-11-01 | 86 days | 2,114 sqft |
| 2018-12-01 | 99 days | 2,089 sqft |
| 2019-01-01 | 111 days | 2,080 sqft |
| 2019-02-01 | 114 days | 2,065 sqft |
| 2019-03-01 | 93 days | 2,115 sqft |
| 2019-04-01 | 63 days | 2,169 sqft |
| 2019-05-01 | 60 days | 2,215 sqft |
| 2019-06-01 | 60 days | 2,217 sqft |
| 2019-07-01 | 66 days | 2,211 sqft |
| 2019-08-01 | 70 days | 2,186 sqft |
| 2019-09-01 | 75 days | 2,163 sqft |
| 2019-10-01 | 78 days | 2,153 sqft |
| 2019-11-01 | 81 days | 2,144 sqft |
| 2019-12-01 | 92 days | 2,130 sqft |
| 2020-01-01 | 106 days | 2,129 sqft |
| 2020-02-01 | 109 days | 2,113 sqft |
| 2020-03-01 | 91 days | 2,111 sqft |
| 2020-04-01 | 75 days | 2,079 sqft |
| 2020-05-01 | 76 days | 2,149 sqft |
| 2020-06-01 | 72 days | 2,172 sqft |
| 2020-07-01 | 62 days | 2,204 sqft |
| 2020-08-01 | 62 days | 2,182 sqft |
| 2020-09-01 | 59 days | 2,211 sqft |
| 2020-10-01 | 57 days | 2,176 sqft |
| 2020-11-01 | 60 days | 2,140 sqft |
| 2020-12-01 | 68 days | 2,110 sqft |
| 2021-01-01 | 79 days | 2,051 sqft |
| 2021-02-01 | 82 days | 1,988 sqft |
| 2021-03-01 | 56 days | 1,940 sqft |
| 2021-04-01 | 45 days | 1,930 sqft |
| 2021-05-01 | 38 days | 1,994 sqft |
| 2021-06-01 | 35 days | 1,943 sqft |
| 2021-07-01 | 41 days | 1,910 sqft |
| 2021-08-01 | 48 days | 1,872 sqft |
| 2021-09-01 | 52 days | 1,907 sqft |
| 2021-10-01 | 52 days | 1,941 sqft |
| 2021-11-01 | 56 days | 1,917 sqft |
| 2021-12-01 | 67 days | 1,929 sqft |
| 2022-01-01 | 79 days | 1,941 sqft |
| 2022-02-01 | 74 days | 1,939 sqft |
| 2022-03-01 | 49 days | 2,025 sqft |
| 2022-04-01 | 30 days | 2,003 sqft |
| 2022-05-01 | 29 days | 2,074 sqft |
| 2022-06-01 | 33 days | 2,052 sqft |
| 2022-07-01 | 36 days | 2,016 sqft |
| 2022-08-01 | 45 days | 2,023 sqft |
| 2022-09-01 | 49 days | 1,986 sqft |
| 2022-10-01 | 50 days | 2,042 sqft |
| 2022-11-01 | 56 days | 2,066 sqft |
| 2022-12-01 | 70 days | 2,047 sqft |
| 2023-01-01 | 83 days | 1,972 sqft |
| 2023-02-01 | 85 days | 2,015 sqft |
| 2023-03-01 | 61 days | 2,029 sqft |
| 2023-04-01 | 46 days | 2,048 sqft |
| 2023-05-01 | 43 days | 2,056 sqft |
| 2023-06-01 | 46 days | 2,102 sqft |
| 2023-07-01 | 52 days | 2,088 sqft |
| 2023-08-01 | 54 days | 2,110 sqft |
Asheville's median square footage for active listings during the 2023-08-01 period was 2,110 sqft. One year prior, the average listing was 2,023 sqft.