Asheville VA Loan Rates, Closing Costs & Stats

ASHEVILLE, 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.

    Asheville's 76 lenders originated 491 VA loans during 2024. The total origination value was $198,995,000, with an average VA loan value of $405,285.

    Asheville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Asheville averaged 0.59% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Asheville's average VA mortgage closing costs are $6,507.

    The average rate for the prior week (2025-06-13) was 7.03% and one month ago for the week of 2025-05-16, the average rate was 6.59%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.09%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 63 6.43% $6,371
    QUICKEN LOANS, LLC 46 6.16% $11,486
    UNITED WHOLESALE MORTGAGE, LLC 42 6.02% $9,338
    MOVEMENT MORTGAGE, LLC 27 6.31% $7,141
    USAA Federal Savings Bank 26 6.33% $7,301
    FREEDOM MORTGAGE CORPORATION 22 6.19% $11,262
    DHI MORTGAGE COMPANY, LTD. 21 5.47% $2,800
    PENNYMAC LOAN SERVICES, LLC 16 5.74% $9,293
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 16 6.39% $8,379
    NAVY FEDERAL CREDIT UNION 15 6.09% $4,584
    HOWARD HANNA FINANCIAL SERVICES, INC. 14 6.13% $7,811
    VILLAGE CAPITAL MORTGAGE 13 6.13% $7,062
    NEWREZ LLC 12 6.04% $8,281
    LOANDEPOT.COM, LLC 11 5.69% $12,940
    NEW DAY FINANCIAL, LLC 6 7.45% $16,920
    GUARANTEED RATE, INC. 6 6.27% $7,107
    CMG MORTGAGE, INC. 6 6.33% $5,885
    PENTAGON FEDERAL CREDIT UNION 6 5.96% $6,522
    The Federal Savings Bank 6 6.29% $12,897
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.72% $6,887
    Mr. Cooper ( Nationstar Mortgage ) 4 6.13% $11,797
    CROSSCOUNTRY MORTGAGE, LLC 4 6.31% $12,253
    UNION HOME MORTGAGE CORP. 4 6.50% $17,132
    First-Citizens Bank & Trust Company 3 6.00% $3,410
    LAKEVIEW LOAN SERVICING, LLC 3 6.16% $6,825
    GoPrime Mortgage, Inc. 3 6.38% $8,883
    PHH Mortgage Corporation 3 6.04% $4,569
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.79% $5,935
    PLANET HOME LENDING, LLC 2 6.19% $4,641
    American Security Mortgage Corp. 2 6.13% $7,222
    AMERISAVE MORTGAGE CORPORATION 2 5.94% $37,264
    Ameris Bank 2 6.25% $5,328
    Armed Forces Bank 2 5.75% $11,054
    Barrington Bank & Trust Company, N.A. 2 6.50% $8,222
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.87% $9,625
    RELIANCE FIRST CAPITAL, LLC 2 6.56% $9,047
    Truist 2 6.19% $8,028
    GUARANTEED RATE AFFINITY, LLC 1 5.99% $9,890
    LEGEND LENDING CORPORATION 1 6.63% $12,694
    Franklin Loan Corporation 1 5.25% $13,199
    MID AMERICA MORTGAGE, INC. 1 6.63% $57,339
    Mid-Continent Funding, Inc. 1 6.12% $3,663
    MILEND, INC. 1 7.00% $15,081
    MORTGAGEONE, INC. 1 5.13% $16,513
    Flagstar Bank, FSB 1 5.63% $14,914
    First Horizon Bank 1 6.38% $2,869
    First Federal Bank 1 5.75% $1,154
    First Bank 1 5.75% $8,423
    EVERETT FINANCIAL, INC. 1 6.63% $16,864
    NBKC BANK 1 5.63% $8,126
    Equity Prime Mortgage LLC 1 7.50% $15,952
    EMBRACE HOME LOANS, INC. 1 5.99% $21,219
    OCMBC, INC. 1 6.25% $3,779
    CLEARPATH LENDING 1 5.50% $4,052
    Carrington Mortgage Services, LLC 1 5.63% $12,392
    CALCON MUTUAL MORTGAGE LLC 1 4.88% $18,906
    Pinnacle Bank 1 6.75% $4,616
    1ST SIGNATURE LENDING, LLC 1 6.63% $8,600
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $575
    Prosperity Home Mortgage, LLC 1 6.49% $14,608
    BROKER SOLUTIONS, INC. 1 6.75% $28,441
    RADIUS FINANCIAL GROUP INC. 1 6.75% $3,167
    U.S. Bank 1 5.75% $10,957
    SeaTrust Mortgage Company 1 6.13% $15,654
    SIRVA MORTGAGE, INC. 1 5.38% $3,700
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.75% $15,670
    SWBC MORTGAGE CORPORATION 1 6.63% $22,425
    Blue Ridge Bank 1 6.12% $3,545
    THE MORTGAGE FIRM, INC. 1 7.75% $12,061
    TJC Mortgage, Inc. 1 4.75% $10,588
    Alcova Mortgage LLC 1 6.12% $5,210
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $9,562
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $18,792
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $21,023
    HOMESPIRE MORTGAGE CORPORATION 1 5.75% $24
    HOMESIDE FINANCIAL, LLC 1 6.25% $16,344

    The top Asheville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 63 VA loans originated. Their average total fees are $6,371, which is $5,116 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. ($2,800), NAVY FEDERAL CREDIT UNION ($4,584), Mortgage Research Center, LLC ($6,371), VILLAGE CAPITAL MORTGAGE ($7,062) and MOVEMENT MORTGAGE, LLC ($7,141).

    The lowest rate Asheville VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.47%), LOANDEPOT.COM, LLC (5.69%), PENNYMAC LOAN SERVICES, LLC (5.74%), UNITED WHOLESALE MORTGAGE, LLC (6.02%) and NEWREZ LLC (6.04%).

    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.