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 54 lenders originated 243 VA loans during 2024. The total origination value was $84,975,000, with an average VA loan value of $349,691.

    Atlantic City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Atlantic City averaged 0.6% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Atlantic City's average VA mortgage closing costs are $7,140.

    The average rate for the prior week (2025-06-13) was 7.24% and one month ago for the week of 2025-05-16, the average rate was 7.2%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.58%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 28 6.54% $6,084
    UNITED WHOLESALE MORTGAGE, LLC 18 6.10% $14,852
    QUICKEN LOANS, LLC 15 6.07% $12,062
    FREEDOM MORTGAGE CORPORATION 13 6.19% $10,938
    GREENTREE MORTGAGE COMPANY, L.P. 11 6.26% $9,388
    VILLAGE CAPITAL MORTGAGE 10 5.77% $8,528
    AFFORDABLE MORTGAGE ADVISORS, LLC. 9 6.35% $7,570
    NATION ONE MORTGAGE CORPORATION 9 6.82% $8,912
    CROSSCOUNTRY MORTGAGE, LLC 8 6.53% $11,047
    UNION HOME MORTGAGE CORP. 8 6.69% $12,756
    NAVY FEDERAL CREDIT UNION 7 6.04% $9,581
    NEW DAY FINANCIAL, LLC 7 7.74% $12,942
    Advisors Mortgage Group, L.L.C. 7 6.77% $9,666
    PENNYMAC LOAN SERVICES, LLC 6 5.48% $8,716
    LOANDEPOT.COM, LLC 6 6.18% $15,756
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.85% $10,753
    NEWREZ LLC 5 6.23% $8,499
    NFM, INC. 5 6.40% $12,953
    PLANET HOME LENDING, LLC 5 5.87% $4,582
    Wells Fargo Bank 3 6.04% $8,560
    The Federal Savings Bank 3 6.92% $11,681
    DHI MORTGAGE COMPANY, LTD. 3 6.38% $13,961
    Prosperity Home Mortgage, LLC 3 6.46% $13,108
    1st Colonial Community Bank 2 6.31% $6,943
    ABSOLUTE HOME MORTGAGE CORPORATION 2 6.31% $11,343
    Citizens Bank 2 6.06% $9,656
    Equity Prime Mortgage LLC 2 7.13% $15,216
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.50% $8,212
    Flagstar Bank, FSB 2 5.88% $11,040
    Gateway First Bank 2 6.31% $4,441
    LOANPAL, LLC 2 5.81% $14,155
    MOVEMENT MORTGAGE, LLC 2 6.75% $13,907
    SUN WEST MORTGAGE COMPANY, INC. 2 6.50% $4,903
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $22,246
    NATIONS DIRECT MORTGAGE, LLC 1 6.25% $15,890
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $12,906
    Meridian Bank Corporation 1 7.25% $10,016
    OceanFirst Bank 1 6.00% $3,788
    Paramount Residential Mortgage Group, Inc. 1 6.63% $14,372
    LAKEVIEW LOAN SERVICING, LLC 1 6.13% $17,225
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $6,195
    JPMorgan Chase Bank 1 5.25% $4,799
    Princeton Mortgage Corporation 1 5.75% $13,658
    GUARANTEED RATE, INC. 1 6.25% $9,520
    GENEVA FINANCIAL, LLC 1 6.75% $17,479
    AMERICAN FINANCING CORPORATION 1 5.88% $17,114
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $15,311
    EMM LOANS LLC 1 6.00% $4,234
    UNITED MORTGAGE CORP 1 7.25% $29,027
    CLEARPATH LENDING 1 5.25% $18,341
    USAA Federal Savings Bank 1 6.25% $5,231
    U.S. Bank 1 6.63% $4,062
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $22,761
    NBKC BANK 1 5.63% $19,994

    The top Atlantic City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $6,084, which is $8,767 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Atlantic City VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,084), VILLAGE CAPITAL MORTGAGE ($8,528), GREENTREE MORTGAGE COMPANY, L.P. ($9,388), FREEDOM MORTGAGE CORPORATION ($10,938) and QUICKEN LOANS, LLC ($12,062).

    The lowest rate Atlantic City VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.77%), QUICKEN LOANS, LLC (6.07%), UNITED WHOLESALE MORTGAGE, LLC (6.10%), FREEDOM MORTGAGE CORPORATION (6.19%) and GREENTREE MORTGAGE COMPANY, L.P. (6.26%).

    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.