Asheville VA Loan Rates, Closing Costs & Stats

ASHEVILLE, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 67 lenders originated 363 VA loans during 2023. The total origination value was $140,675,000, with an average VA loan value of $387,534.

    Asheville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Asheville averaged 6.44% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Asheville's average VA mortgage closing costs are $6,301.

    The average rate for the prior week (2025-02-07) was 6.28% and one month ago for the week of 2025-01-10, the average rate was 6.81%.

    The average rate one year ago was 6.24%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.67%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 71 6.58% $8,949
    QUICKEN LOANS, LLC 34 6.12% $12,855
    UNITED WHOLESALE MORTGAGE, LLC 23 6.09% $11,195
    NAVY FEDERAL CREDIT UNION 19 5.90% $6,613
    MOVEMENT MORTGAGE, LLC 19 6.45% $3,885
    DHI MORTGAGE COMPANY, LTD. 19 5.55% $4,492
    USAA Federal Savings Bank 14 6.09% $11,184
    FREEDOM MORTGAGE CORPORATION 10 6.28% $16,616
    HOWARD HANNA FINANCIAL SERVICES, INC. 10 6.34% $7,288
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 10 6.65% $11,116
    LOANDEPOT.COM, LLC 9 5.96% $10,573
    NEW DAY FINANCIAL, LLC 8 7.31% $13,061
    GUARANTEED RATE, INC. 8 6.27% $9,259
    PENTAGON FEDERAL CREDIT UNION 6 6.04% $7,950
    Wells Fargo Bank 5 6.00% $7,162
    Mr. Cooper ( Nationstar Mortgage ) 4 6.19% $17,601
    UNION HOME MORTGAGE CORP. 4 7.13% $9,590
    The Federal Savings Bank 4 6.09% $19,056
    VILLAGE CAPITAL MORTGAGE 4 6.47% $13,975
    PENNYMAC LOAN SERVICES, LLC 4 5.37% $11,890
    CMG MORTGAGE, INC. 3 6.96% $18,325
    GoPrime Mortgage, Inc. 2 5.75% $7,871
    CROSSCOUNTRY MORTGAGE, LLC 2 6.94% $24,140
    Alcova Mortgage LLC 2 7.06% $10,530
    EVERETT FINANCIAL, INC. 2 6.63% $11,582
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.69% $5,766
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.62% $8,899
    NEWREZ LLC 2 6.00% $14,968
    RADIUS FINANCIAL GROUP INC. 2 6.31% $7,876
    RELIANCE FIRST CAPITAL, LLC 2 6.50% $8,226
    CARDINAL FINANCIAL 2 6.50% $17,439
    SUN WEST MORTGAGE COMPANY, INC. 2 6.56% $9,872
    Barrington Bank & Trust Company, N.A. 2 6.00% $7,735
    United Community Bank 2 6.31% $7,004
    The Central Trust Bank 1 5.25% $3,034
    AMERICAN FINANCING CORPORATION 1 6.99% $8,879
    BAY EQUITY LLC 1 5.99% $16,132
    Blue Ridge Bank 1 6.62% $4,204
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $6,426
    DELMAR FINANCIAL COMPANY 1 7.25% $15,953
    First Federal Bank 1 6.25% $3,476
    First Horizon Bank 1 5.88% $7,066
    First Western Trust Bank 1 5.25% $13,765
    GUARANTY HOME MORTGAGE CORPORATION 1 6.25% $3,850
    GUILD MORTGAGE COMPANY 1 6.25% $18,624
    HOMESTAR FINANCIAL CORPORATION 1 6.25% $5,726
    INTERCOASTAL MORTGAGE COMPANY 1 5.50% $8,158
    LADERA LENDING, INC. 1 6.50% $56,203
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $4,421
    LAND HOME FINANCIAL SERVICES, INC. 1 5.63% $10,157
    MILEND, INC. 1 7.13% $32,353
    MORTGAGEONE, INC. 1 6.75% $8,788
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $16,872
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $9,562
    NBKC BANK 1 5.63% $0
    NFM, INC. 1 7.38% $7,171
    Northpointe Bank 1 6.25% $21,736
    OCMBC, INC. 1 6.75% $5,209
    Old National Bank 1 5.50% $11,140
    Paramount Bank 1 7.50% $5,762
    Pinnacle Bank 1 7.13% $5,145
    PLAZA HOME MORTGAGE, INC. 1 6.00% $18,407
    POLARIS HOME FUNDING CORP. 1 6.50% $8,874
    Residential Mortgage Solutions, Inc. 1 5.25% $11,781
    Shamrock Home Loans, Inc. 1 6.63% $3,953
    1ST SIGNATURE LENDING, LLC 1 7.00% $8,074
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.38% $0

    The top Asheville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 71 VA loans originated. Their average total fees are $8,949, which is $3,906 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Asheville VA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($3,885), DHI MORTGAGE COMPANY, LTD. ($4,492), NAVY FEDERAL CREDIT UNION ($6,613), HOWARD HANNA FINANCIAL SERVICES, INC. ($7,288) and Mortgage Research Center, LLC ($8,949).

    The lowest rate Asheville VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.55%), NAVY FEDERAL CREDIT UNION (5.90%), USAA Federal Savings Bank (6.09%), UNITED WHOLESALE MORTGAGE, LLC (6.09%) and QUICKEN LOANS, LLC (6.12%).

    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 $381,600 (1.2%) $538,570 (-4.7%) 1.30 1,917
    2018-02-01 $379,000 (-3.3%) $532,851 (-7.5%) 1.27 1,880
    2018-03-01 $379,000 (-2.7%) $538,478 (-6.1%) 1.25 1,930
    2018-04-01 $387,675 (-1.0%) $536,939 (-5.7%) 1.22 2,017
    2018-05-01 $394,875 (-1.0%) $533,969 (-7.6%) 1.22 2,099
    2018-06-01 $399,900 (0.1%) $563,261 (-0.8%) 1.28 2,113
    2018-07-01 $399,450 (0.1%) $552,165 (-2.0%) 1.29 2,171
    2018-08-01 $399,000 (0.0%) $541,769 (-5.1%) 1.29 2,269
    2018-09-01 $399,000 (0.0%) $543,053 (-4.9%) 1.28 2,362
    2018-10-01 $392,500 (-1.4%) $536,655 (-5.2%) 1.28 2,452
    2018-11-01 $389,000 (-2.5%) $527,840 (-6.8%) 1.27 2,382
    2018-12-01 $386,000 (-3.3%) $530,241 (-6.6%) 1.29 2,187
    2019-01-01 $389,900 (2.2%) $537,723 (-0.2%) 1.31 1,946
    2019-02-01 $389,750 (2.8%) $541,289 (1.6%) 1.27 1,872
    2019-03-01 $397,143 (4.8%) $550,958 (2.3%) 1.25 1,952
    2019-04-01 $406,450 (4.8%) $565,975 (5.4%) 1.26 2,060
    2019-05-01 $425,000 (7.6%) $577,895 (8.2%) 1.25 2,184
    2019-06-01 $423,750 (6.0%) $578,972 (2.8%) 1.25 2,309
    2019-07-01 $419,950 (5.1%) $571,738 (3.5%) 1.25 2,302
    2019-08-01 $420,153 (5.3%) $571,568 (5.5%) 1.26 2,320
    2019-09-01 $417,254 (4.6%) $567,861 (4.6%) 1.28 2,325
    2019-10-01 $417,441 (6.4%) $566,948 (5.6%) 1.29 2,327
    2019-11-01 $418,900 (7.7%) $571,330 (8.2%) 1.31 2,174
    2019-12-01 $417,119 (8.1%) $572,148 (7.9%) 1.33 1,889
    2020-01-01 $419,450 (7.6%) $586,619 (9.1%) 1.33 1,642
    2020-02-01 $425,000 (9.0%) $591,224 (9.2%) 1.31 1,502
    2020-03-01 $429,490 (8.1%) $598,102 (8.6%) 1.27 1,551
    2020-04-01 $418,500 (3.0%) $580,394 (2.6%) 1.25 1,690
    2020-05-01 $430,000 (1.2%) $603,773 (4.5%) 1.28 1,684
    2020-06-01 $440,000 (3.8%) $617,715 (6.7%) 1.26 1,634
    2020-07-01 $442,450 (5.4%) $627,880 (9.8%) 1.24 1,546
    2020-08-01 $445,000 (5.9%) $637,424 (11.5%) 1.23 1,413
    2020-09-01 $452,500 (8.5%) $664,980 (17.1%) 1.27 1,358
    2020-10-01 $464,250 (11.2%) $676,761 (19.4%) 1.29 1,324
    2020-11-01 $465,000 (11.0%) $686,866 (20.2%) 1.33 1,215
    2020-12-01 $475,000 (13.9%) $712,129 (24.5%) 1.39 1,080
    2021-01-01 $477,000 (13.7%) $718,749 (22.5%) 1.39 899
    2021-02-01 $467,000 (9.9%) $714,880 (20.9%) 1.31 762
    2021-03-01 $466,500 (8.6%) $724,511 (21.1%) 1.30 687
    2021-04-01 $472,000 (12.8%) $741,808 (27.8%) 1.26 696
    2021-05-01 $489,900 (13.9%) $769,982 (27.5%) 1.27 721
    2021-06-01 $479,250 (8.9%) $743,721 (20.4%) 1.24 901
    2021-07-01 $468,500 (5.9%) $718,865 (14.5%) 1.20 982
    2021-08-01 $452,380 (1.7%) $713,277 (11.9%) 1.20 1,020
    2021-09-01 $471,975 (4.3%) $742,581 (11.7%) 1.22 1,024
    2021-10-01 $481,970 (3.8%) $749,441 (10.7%) 1.26 978
    2021-11-01 $485,510 (4.4%) $770,185 (12.1%) 1.26 849
    2021-12-01 $492,500 (3.7%) $812,544 (14.1%) 1.30 719
    2022-01-01 $525,000 (10.1%) $884,393 (23.1%) 1.35 558
    2022-02-01 $570,175 (22.1%) $971,920 (36.0%) 1.40 454
    2022-03-01 $587,205 (25.9%) $972,728 (34.3%) 1.39 431
    2022-04-01 $579,000 (22.7%) $937,993 (26.5%) 1.31 483
    2022-05-01 $595,000 (21.5%) $902,865 (17.3%) 1.30 673
    2022-06-01 $584,500 (22.0%) $863,864 (16.2%) 1.25 784
    2022-07-01 $550,000 (17.4%) $818,499 (13.9%) 1.19 921
    2022-08-01 $543,250 (20.1%) $791,967 (11.0%) 1.20 940
    2022-09-01 $545,119 (15.5%) $816,071 (9.9%) 1.22 946
    2022-10-01 $550,000 (14.1%) $834,960 (11.4%) 1.24 1,039
    2022-11-01 $573,650 (18.2%) $840,875 (9.2%) 1.28 1,008
    2022-12-01 $575,000 (16.8%) $845,914 (4.1%) 1.33 885
    2023-01-01 $577,850 (10.1%) $841,255 (-4.9%) 1.32 772
    2023-02-01 $599,000 (5.1%) $870,974 (-10.4%) 1.39 660
    2023-03-01 $612,500 (4.3%) $892,262 (-8.3%) 1.36 678
    2023-04-01 $620,000 (7.1%) $907,237 (-3.3%) 1.37 754
    2023-05-01 $625,000 (5.0%) $929,794 (3.0%) 1.36 863
    2023-06-01 $644,000 (10.2%) $939,322 (8.7%) 1.36 905
    2023-07-01 $625,000 (13.6%) $927,648 (13.3%) 1.36 949
    2023-08-01 $628,246 (15.7%) $910,912 (15.0%) 1.38 972
    2023-09-01 $620,000 (13.7%) $890,091 (9.1%) 1.40 1,034
    2023-10-01 $599,125 (8.9%) $883,702 (5.8%) 1.39 1,162
    2023-11-01 $587,655 (2.4%) $866,971 (3.1%) 1.37 1,181
    2023-12-01 $559,000 (-2.8%) $848,294 (0.3%) 1.34 1,078
    2024-01-01 $565,000 (-2.2%) $875,547 (4.1%) 1.35 925
    2024-02-01 $549,938 (-8.2%) $870,453 (-0.1%) 1.32 872
    2024-03-01 $565,500 (-7.7%) $875,884 (-1.8%) 1.29 965
    2024-04-01 $575,000 (-7.3%) $856,686 (-5.6%) 1.33 1,066
    2024-05-01 $635,000 (1.6%) $928,141 (-0.2%) 1.42 1,124
    2024-06-01 $600,000 (-6.8%) $890,164 (-5.2%) 1.37 1,215
    2024-07-01 $586,000 (-6.2%) $887,812 (-4.3%) 1.31 1,329
    2024-08-01 $579,000 (-7.8%) $874,610 (-4.0%) 1.33 1,449
    2024-09-01 $585,000 (-5.7%) $873,180 (-1.9%) 1.35 1,564
    2024-10-01 $583,543 (-2.6%) $854,531 (-3.3%) 1.35 1,441
    2024-11-01 $575,000 (-2.2%) $844,461 (-2.6%) 1.33 1,453
    2024-12-01 $572,225 (2.4%) $839,983 (-1.0%) 1.37 1,352
    2025-01-01 $566,625 (0.3%) $844,317 (-3.6%) 0.00 1,263
    Asheville's median listing price for 2025-01-01 was $566,625, a difference of $1,625 (0.3%) versus the prior year and $-5,600 versus the prior month.

    Asheville's median listing price comes in at 0% of the national average.

    Asheville's average listing price for 2025-01-01 was $844,317, a difference of $-31,230 (-3.6%) versus the prior year and $4,334 versus the prior month.

    For the 2025-01-01 period, Asheville had 1,263 MLS listings, a difference of -89 listings (-7%) versus the prior month and 338 listings (37%) 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 2,246 sqft
    2018-02-01 46 days 2,203 sqft
    2018-03-01 68 days 2,168 sqft
    2018-04-01 80 days 2,195 sqft
    2018-05-01 73 days 2,211 sqft
    2018-06-01 72 days 2,200 sqft
    2018-07-01 72 days 2,220 sqft
    2018-08-01 79 days 2,206 sqft
    2018-09-01 81 days 2,188 sqft
    2018-10-01 85 days 2,153 sqft
    2018-11-01 86 days 2,128 sqft
    2018-12-01 99 days 2,108 sqft
    2019-01-01 111 days 2,095 sqft
    2019-02-01 114 days 2,080 sqft
    2019-03-01 93 days 2,138 sqft
    2019-04-01 63 days 2,186 sqft
    2019-05-01 60 days 2,228 sqft
    2019-06-01 60 days 2,228 sqft
    2019-07-01 66 days 2,221 sqft
    2019-08-01 70 days 2,193 sqft
    2019-09-01 75 days 2,173 sqft
    2019-10-01 78 days 2,169 sqft
    2019-11-01 81 days 2,176 sqft
    2019-12-01 92 days 2,158 sqft
    2020-01-01 107 days 2,154 sqft
    2020-02-01 109 days 2,152 sqft
    2020-03-01 91 days 2,141 sqft
    2020-04-01 75 days 2,094 sqft
    2020-05-01 75 days 2,166 sqft
    2020-06-01 72 days 2,179 sqft
    2020-07-01 62 days 2,197 sqft
    2020-08-01 62 days 2,184 sqft
    2020-09-01 59 days 2,213 sqft
    2020-10-01 57 days 2,179 sqft
    2020-11-01 60 days 2,127 sqft
    2020-12-01 68 days 2,110 sqft
    2021-01-01 79 days 2,043 sqft
    2021-02-01 82 days 1,983 sqft
    2021-03-01 57 days 1,941 sqft
    2021-04-01 45 days 1,947 sqft
    2021-05-01 38 days 2,001 sqft
    2021-06-01 35 days 1,932 sqft
    2021-07-01 41 days 1,892 sqft
    2021-08-01 48 days 1,866 sqft
    2021-09-01 52 days 1,916 sqft
    2021-10-01 53 days 1,955 sqft
    2021-11-01 57 days 1,937 sqft
    2021-12-01 67 days 1,947 sqft
    2022-01-01 79 days 1,943 sqft
    2022-02-01 74 days 1,954 sqft
    2022-03-01 48 days 2,036 sqft
    2022-04-01 30 days 2,037 sqft
    2022-05-01 30 days 2,107 sqft
    2022-06-01 33 days 2,086 sqft
    2022-07-01 36 days 2,040 sqft
    2022-08-01 45 days 2,042 sqft
    2022-09-01 49 days 2,006 sqft
    2022-10-01 50 days 2,080 sqft
    2022-11-01 56 days 2,102 sqft
    2022-12-01 71 days 2,058 sqft
    2023-01-01 83 days 1,975 sqft
    2023-02-01 85 days 2,014 sqft
    2023-03-01 61 days 2,056 sqft
    2023-04-01 46 days 2,074 sqft
    2023-05-01 43 days 2,096 sqft
    2023-06-01 46 days 2,161 sqft
    2023-07-01 52 days 2,124 sqft
    2023-08-01 54 days 2,123 sqft
    2023-09-01 50 days 2,103 sqft
    2023-10-01 51 days 2,082 sqft
    2023-11-01 57 days 2,003 sqft
    2023-12-01 69 days 1,959 sqft
    2024-01-01 82 days 1,907 sqft
    2024-02-01 84 days 1,866 sqft
    2024-03-01 57 days 1,900 sqft
    2024-04-01 43 days 1,931 sqft
    2024-05-01 40 days 2,020 sqft
    2024-06-01 45 days 1,990 sqft
    2024-07-01 50 days 1,967 sqft
    2024-08-01 52 days 1,962 sqft
    2024-09-01 57 days 1,939 sqft
    2024-10-01 71 days 1,950 sqft
    2024-11-01 79 days 1,914 sqft
    2024-12-01 92 days 1,895 sqft
    2025-01-01 0 days 1,887 sqft
    Asheville's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Asheville's median square footage for active listings during the 2025-01-01 period was 1,887 sqft. One year prior, the average listing was 1,907 sqft.

    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.