Atlantic City VA Loan Rates, Closing Costs & Stats

ATLANTIC CITY-HAMMONTON, NJ

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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.

    Atlantic City's 56 lenders originated 206 VA loans during 2023. The total origination value was $65,180,000, with an average VA loan value of $316,408.

    Atlantic City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Atlantic City averaged 6.8% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Atlantic City's average VA mortgage closing costs are $6,764.

    The average rate for the prior week (2025-02-07) was 6.63% and one month ago for the week of 2025-01-10, the average rate was 6.87%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.91%.

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

    Atlantic City 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 Atlantic City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 27 6.66% $9,869
    QUICKEN LOANS, LLC 13 6.24% $12,300
    GREENTREE MORTGAGE COMPANY, L.P. 13 6.36% $9,575
    Advisors Mortgage Group, L.L.C. 12 6.76% $8,093
    NAVY FEDERAL CREDIT UNION 10 5.99% $7,942
    NATION ONE MORTGAGE CORPORATION 9 6.90% $10,838
    UNITED WHOLESALE MORTGAGE, LLC 7 6.16% $13,207
    CROSSCOUNTRY MORTGAGE, LLC 7 6.68% $11,016
    UNION HOME MORTGAGE CORP. 6 6.75% $11,082
    The Federal Savings Bank 5 5.90% $14,759
    LOANDEPOT.COM, LLC 5 6.22% $10,806
    Prosperity Home Mortgage, LLC 4 5.75% $10,420
    DHI MORTGAGE COMPANY, LTD. 4 6.34% $9,705
    NEWREZ LLC 4 6.59% $10,427
    PINNACLE MORTGAGE, INC. 3 6.58% $6,932
    AMERICAN FINANCIAL NETWORK, INC. 3 6.50% $11,622
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.50% $8,897
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.54% $15,787
    GUARANTEED RATE, INC. 3 6.03% $10,231
    Mr. Cooper ( Nationstar Mortgage ) 3 6.13% $21,828
    NFM, INC. 3 5.67% $19,269
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $9,116
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.56% $20,963
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.88% $9,258
    Wells Fargo Bank 2 6.06% $523
    USAA Federal Savings Bank 2 5.69% $30,448
    MLD MORTGAGE INC. 2 5.31% $5,584
    Citizens Bank 2 6.31% $4,089
    VILLAGE CAPITAL MORTGAGE 2 6.13% $16,859
    NEW DAY FINANCIAL, LLC 2 7.31% $13,078
    CARDINAL FINANCIAL 1 6.25% $17,575
    Northpointe Bank 1 7.25% $9,634
    Paramount Residential Mortgage Group, Inc. 1 7.25% $17,719
    PENNYMAC LOAN SERVICES, LLC 1 6.88% $10,661
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $4,145
    ACADEMY MORTGAGE CORPORATION 1 6.38% $4,424
    PLANET HOME LENDING, LLC 1 5.50% $2,049
    PLAZA HOME MORTGAGE, INC. 1 6.25% $17,019
    BROKER SOLUTIONS, INC. 1 6.99% $12,007
    Barrington Bank & Trust Company, N.A. 1 6.25% $22,859
    RESIDENTIAL HOME FUNDING CORP. 1 6.13% $19,066
    Armed Forces Bank 1 5.25% $5,147
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $4,737
    U.S. Bank 1 6.75% $4,925
    FREEDOM MORTGAGE CORPORATION 1 6.75% $10,414
    Gateway First Bank 1 5.75% $15,170
    VERITAS FUNDING, LLC 1 7.13% $26,309
    FBC MORTGAGE, LLC 1 5.75% $5,058
    HOMESTEAD FUNDING CORP. 1 6.25% $11,174
    Keystone Funding, Inc. 1 6.75% $10,589
    EMM LOANS LLC 1 6.25% $8,795
    Meridian Bank Corporation 1 6.00% $3,858
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $3,447
    MOVEMENT MORTGAGE, LLC 1 7.25% $3,767
    Credence Funding Corporation 1 5.75% $5,816
    NBKC BANK 1 5.63% $4,760

    The top Atlantic City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 27 VA loans originated. Their average total fees are $9,869, which is $2,431 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Atlantic City VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,942), Advisors Mortgage Group, L.L.C. ($8,093), GREENTREE MORTGAGE COMPANY, L.P. ($9,575), Mortgage Research Center, LLC ($9,869) and QUICKEN LOANS, LLC ($12,300).

    The lowest rate Atlantic City VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.99%), QUICKEN LOANS, LLC (6.24%), GREENTREE MORTGAGE COMPANY, L.P. (6.36%), Mortgage Research Center, LLC (6.66%) and Advisors Mortgage Group, L.L.C. (6.76%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Atlantic City (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 $289,800 (3.7%) $534,582 (12.2%) 0.85 4,588
    2018-02-01 $296,000 (2.3%) $543,944 (11.2%) 0.83 4,718
    2018-03-01 $290,000 (0.0%) $546,909 (9.8%) 0.81 4,819
    2018-04-01 $295,513 (1.9%) $550,479 (9.8%) 0.80 4,812
    2018-05-01 $299,450 (2.9%) $555,238 (9.7%) 0.80 4,852
    2018-06-01 $299,900 (3.5%) $560,524 (9.4%) 0.82 4,764
    2018-07-01 $299,900 (3.8%) $572,460 (11.8%) 0.83 4,674
    2018-08-01 $306,250 (5.7%) $578,525 (12.6%) 0.83 4,667
    2018-09-01 $309,900 (5.2%) $577,109 (10.7%) 0.84 4,677
    2018-10-01 $309,450 (5.1%) $578,065 (9.0%) 0.84 4,661
    2018-11-01 $307,250 (5.2%) $573,629 (8.2%) 0.83 4,637
    2018-12-01 $309,000 (6.6%) $571,949 (8.0%) 0.84 4,544
    2019-01-01 $312,450 (7.8%) $575,360 (7.6%) 0.84 4,335
    2019-02-01 $319,000 (7.8%) $585,644 (7.7%) 0.83 4,516
    2019-03-01 $321,529 (10.9%) $596,464 (9.1%) 0.82 4,673
    2019-04-01 $324,900 (9.9%) $606,450 (10.2%) 0.83 4,721
    2019-05-01 $322,450 (7.7%) $576,226 (3.8%) 0.81 4,766
    2019-06-01 $323,500 (7.9%) $571,875 (2.0%) 0.81 4,718
    2019-07-01 $319,900 (6.7%) $576,108 (0.6%) 0.81 4,638
    2019-08-01 $313,091 (2.2%) $574,999 (-0.6%) 0.79 4,593
    2019-09-01 $305,727 (-1.4%) $570,540 (-1.1%) 0.80 4,518
    2019-10-01 $305,318 (-1.3%) $569,687 (-1.5%) 0.80 4,452
    2019-11-01 $319,000 (3.8%) $574,439 (0.1%) 0.82 4,236
    2019-12-01 $310,271 (0.4%) $568,434 (-0.6%) 0.83 3,998
    2020-01-01 $316,184 (1.2%) $680,309 (18.2%) 0.83 3,800
    2020-02-01 $319,900 (0.3%) $690,297 (17.9%) 0.82 3,828
    2020-03-01 $321,500 (0.0%) $593,013 (-0.6%) 0.78 3,874
    2020-04-01 $319,900 (-1.5%) $589,920 (-2.7%) 0.78 3,785
    2020-05-01 $319,250 (-1.0%) $594,887 (3.2%) 0.76 3,656
    2020-06-01 $319,900 (-1.1%) $628,577 (9.9%) 0.73 3,311
    2020-07-01 $319,250 (-0.2%) $638,525 (10.8%) 0.72 2,911
    2020-08-01 $319,000 (1.9%) $622,620 (8.3%) 0.71 2,695
    2020-09-01 $327,000 (7.0%) $626,875 (9.9%) 0.72 2,621
    2020-10-01 $329,000 (7.8%) $631,642 (10.9%) 0.72 2,572
    2020-11-01 $324,900 (1.9%) $635,284 (10.6%) 0.73 2,487
    2020-12-01 $318,450 (2.6%) $623,561 (9.7%) 0.74 2,373
    2021-01-01 $310,850 (-1.7%) $620,972 (-8.7%) 0.72 2,050
    2021-02-01 $311,500 (-2.6%) $657,398 (-4.8%) 0.70 1,757
    2021-03-01 $322,450 (0.3%) $684,069 (15.4%) 0.68 1,696
    2021-04-01 $332,325 (3.9%) $734,136 (24.5%) 0.68 1,717
    2021-05-01 $360,000 (12.8%) $748,896 (25.9%) 0.72 1,731
    2021-06-01 $362,450 (13.3%) $743,815 (18.3%) 0.71 1,860
    2021-07-01 $359,450 (12.6%) $692,768 (8.5%) 0.73 2,025
    2021-08-01 $372,450 (16.8%) $704,241 (13.1%) 0.75 2,166
    2021-09-01 $379,725 (16.1%) $698,402 (11.4%) 0.77 2,197
    2021-10-01 $399,000 (21.3%) $729,286 (15.5%) 0.79 2,072
    2021-11-01 $389,950 (20.0%) $739,947 (16.5%) 0.78 1,913
    2021-12-01 $399,000 (25.3%) $747,873 (19.9%) 0.78 1,750
    2022-01-01 $399,000 (28.4%) $760,841 (22.5%) 0.80 1,480
    2022-02-01 $399,000 (28.1%) $796,817 (21.2%) 0.75 1,331
    2022-03-01 $409,950 (27.1%) $819,378 (19.8%) 0.70 1,325
    2022-04-01 $429,000 (29.1%) $881,237 (20.0%) 0.71 1,388
    2022-05-01 $464,500 (29.0%) $915,676 (22.3%) 0.75 1,582
    2022-06-01 $454,500 (25.4%) $908,215 (22.1%) 0.73 1,742
    2022-07-01 $449,900 (25.2%) $873,844 (26.1%) 0.74 1,982
    2022-08-01 $451,000 (21.1%) $904,382 (28.4%) 0.75 1,982
    2022-09-01 $464,917 (22.4%) $903,786 (29.4%) 0.76 1,932
    2022-10-01 $485,000 (21.6%) $925,660 (26.9%) 0.78 1,954
    2022-11-01 $475,000 (21.8%) $946,678 (27.9%) 0.80 1,944
    2022-12-01 $479,000 (20.1%) $946,728 (26.6%) 0.81 1,753
    2023-01-01 $484,900 (21.5%) $987,878 (29.8%) 0.84 1,625
    2023-02-01 $497,000 (24.6%) $1,023,138 (28.4%) 0.83 1,574
    2023-03-01 $495,500 (20.9%) $1,041,734 (27.1%) 0.83 1,544
    2023-04-01 $559,900 (30.5%) $1,083,979 (23.0%) 0.86 1,482
    2023-05-01 $597,000 (28.5%) $1,119,858 (22.3%) 0.86 1,444
    2023-06-01 $579,370 (27.5%) $1,166,607 (28.5%) 0.88 1,471
    2023-07-01 $595,000 (32.3%) $1,177,180 (34.7%) 0.90 1,483
    2023-08-01 $584,450 (29.6%) $1,179,710 (30.4%) 0.92 1,466
    2023-09-01 $599,900 (29.0%) $1,173,587 (29.9%) 0.93 1,526
    2023-10-01 $600,000 (23.7%) $1,127,503 (21.8%) 0.98 1,609
    2023-11-01 $596,074 (25.5%) $1,102,414 (16.5%) 0.96 1,667
    2023-12-01 $599,000 (25.1%) $1,107,741 (17.0%) 0.97 1,623
    2024-01-01 $574,950 (18.6%) $1,096,351 (11.0%) 0.97 1,522
    2024-02-01 $571,050 (14.9%) $1,105,063 (8.0%) 0.96 1,571
    2024-03-01 $580,000 (17.1%) $1,146,376 (10.0%) 0.90 1,644
    2024-04-01 $580,997 (3.8%) $1,182,456 (9.1%) 0.93 1,682
    2024-05-01 $599,000 (0.3%) $1,188,449 (6.1%) 0.90 1,704
    2024-06-01 $599,000 (3.4%) $1,197,615 (2.7%) 0.90 1,772
    2024-07-01 $592,500 (-0.4%) $1,218,875 (3.5%) 0.91 1,783
    2024-08-01 $579,500 (-0.9%) $1,218,013 (3.3%) 0.91 1,780
    2024-09-01 $579,998 (-3.3%) $1,188,145 (1.2%) 0.94 1,905
    2024-10-01 $550,000 (-8.3%) $1,151,869 (2.2%) 0.94 1,950
    2024-11-01 $559,900 (-6.1%) $1,158,601 (5.1%) 0.96 1,887
    2024-12-01 $554,950 (-7.4%) $1,130,166 (2.0%) 0.99 1,756
    2025-01-01 $549,475 (-4.4%) $1,076,592 (-1.8%) 0.00 1,647
    Atlantic City's median listing price for 2025-01-01 was $549,475, a difference of $-25,475 (-4.4%) versus the prior year and $-5,475 versus the prior month.

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

    Atlantic City's average listing price for 2025-01-01 was $1,076,592, a difference of $-19,759 (-1.8%) versus the prior year and $-53,574 versus the prior month.

    For the 2025-01-01 period, Atlantic City had 1,647 MLS listings, a difference of -109 listings (-6%) versus the prior month and 125 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Atlantic City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 96 days 1,645 sqft
    2018-02-01 91 days 1,644 sqft
    2018-03-01 70 days 1,639 sqft
    2018-04-01 66 days 1,664 sqft
    2018-05-01 71 days 1,662 sqft
    2018-06-01 75 days 1,688 sqft
    2018-07-01 82 days 1,688 sqft
    2018-08-01 81 days 1,693 sqft
    2018-09-01 78 days 1,684 sqft
    2018-10-01 78 days 1,679 sqft
    2018-11-01 79 days 1,636 sqft
    2018-12-01 87 days 1,616 sqft
    2019-01-01 92 days 1,626 sqft
    2019-02-01 84 days 1,600 sqft
    2019-03-01 74 days 1,603 sqft
    2019-04-01 67 days 1,609 sqft
    2019-05-01 67 days 1,623 sqft
    2019-06-01 70 days 1,650 sqft
    2019-07-01 75 days 1,684 sqft
    2019-08-01 78 days 1,686 sqft
    2019-09-01 80 days 1,689 sqft
    2019-10-01 81 days 1,690 sqft
    2019-11-01 87 days 1,690 sqft
    2019-12-01 92 days 1,666 sqft
    2020-01-01 93 days 1,646 sqft
    2020-02-01 82 days 1,655 sqft
    2020-03-01 66 days 1,687 sqft
    2020-04-01 76 days 1,685 sqft
    2020-05-01 88 days 1,700 sqft
    2020-06-01 100 days 1,700 sqft
    2020-07-01 84 days 1,700 sqft
    2020-08-01 62 days 1,664 sqft
    2020-09-01 52 days 1,608 sqft
    2020-10-01 52 days 1,600 sqft
    2020-11-01 60 days 1,598 sqft
    2020-12-01 73 days 1,583 sqft
    2021-01-01 81 days 1,560 sqft
    2021-02-01 75 days 1,537 sqft
    2021-03-01 62 days 1,508 sqft
    2021-04-01 50 days 1,516 sqft
    2021-05-01 49 days 1,584 sqft
    2021-06-01 48 days 1,574 sqft
    2021-07-01 45 days 1,576 sqft
    2021-08-01 49 days 1,589 sqft
    2021-09-01 55 days 1,570 sqft
    2021-10-01 59 days 1,570 sqft
    2021-11-01 57 days 1,581 sqft
    2021-12-01 66 days 1,594 sqft
    2022-01-01 76 days 1,590 sqft
    2022-02-01 66 days 1,555 sqft
    2022-03-01 43 days 1,572 sqft
    2022-04-01 42 days 1,600 sqft
    2022-05-01 40 days 1,655 sqft
    2022-06-01 42 days 1,640 sqft
    2022-07-01 45 days 1,620 sqft
    2022-08-01 53 days 1,601 sqft
    2022-09-01 64 days 1,629 sqft
    2022-10-01 60 days 1,653 sqft
    2022-11-01 65 days 1,631 sqft
    2022-12-01 74 days 1,625 sqft
    2023-01-01 80 days 1,624 sqft
    2023-02-01 66 days 1,658 sqft
    2023-03-01 51 days 1,669 sqft
    2023-04-01 50 days 1,697 sqft
    2023-05-01 51 days 1,710 sqft
    2023-06-01 47 days 1,701 sqft
    2023-07-01 46 days 1,700 sqft
    2023-08-01 50 days 1,719 sqft
    2023-09-01 48 days 1,664 sqft
    2023-10-01 49 days 1,665 sqft
    2023-11-01 48 days 1,620 sqft
    2023-12-01 58 days 1,618 sqft
    2024-01-01 68 days 1,604 sqft
    2024-02-01 58 days 1,611 sqft
    2024-03-01 52 days 1,600 sqft
    2024-04-01 55 days 1,622 sqft
    2024-05-01 47 days 1,650 sqft
    2024-06-01 50 days 1,656 sqft
    2024-07-01 51 days 1,660 sqft
    2024-08-01 48 days 1,620 sqft
    2024-09-01 52 days 1,615 sqft
    2024-10-01 54 days 1,612 sqft
    2024-11-01 61 days 1,575 sqft
    2024-12-01 67 days 1,546 sqft
    2025-01-01 0 days 1,543 sqft
    Atlantic City'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.

    Atlantic City's median square footage for active listings during the 2025-01-01 period was 1,543 sqft. One year prior, the average listing was 1,604 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.