Blacksburg VA Loan Rates, Closing Costs & Stats

BLACKSBURG-CHRISTIANSBURG, VA

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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.

    Blacksburg's 41 lenders originated 130 VA loans during 2023. The total origination value was $39,860,000, with an average VA loan value of $306,615.

    Blacksburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Blacksburg averaged 6.48% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Blacksburg's average VA mortgage closing costs are $5,928.

    The average rate for the prior week (2025-02-07) was 6.62% and one month ago for the week of 2025-01-10, the average rate was 6.75%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.53%.

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

    Blacksburg 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 Blacksburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.67% $4,471
    Alcova Mortgage LLC 9 6.49% $12,046
    USAA Federal Savings Bank 9 5.88% $10,846
    NAVY FEDERAL CREDIT UNION 7 5.88% $3,883
    Waterstone Mortgage Corporation 7 6.46% $9,845
    QUICKEN LOANS, LLC 7 6.21% $9,137
    MOVEMENT MORTGAGE, LLC 7 6.84% $5,820
    PENNYMAC LOAN SERVICES, LLC 5 5.43% $13,203
    Prosperity Home Mortgage, LLC 4 6.69% $10,412
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 6.63% $6,352
    First Heritage Mortgage, LLC 4 6.59% $5,246
    FREEDOM MORTGAGE CORPORATION 3 6.88% $8,689
    FREEDOM FIRST 3 6.50% $5,770
    UNION HOME MORTGAGE CORP. 3 6.63% $4,990
    UNITED WHOLESALE MORTGAGE, LLC 3 6.82% $5,089
    VILLAGE CAPITAL MORTGAGE 2 6.82% $4,869
    LOANDEPOT.COM, LLC 2 6.43% $13,564
    Renasant Bank 2 6.00% $5,013
    Mid-Continent Funding, Inc. 2 6.25% $5,538
    NEW DAY FINANCIAL, LLC 2 6.93% $7,659
    The Federal Savings Bank 1 7.13% $13,126
    Truist 1 6.25% $6,820
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $13,420
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $17,451
    Atlantic Union Bank 1 6.00% $4,822
    BROKER SOLUTIONS, INC. 1 6.75% $13,578
    CARDINAL FINANCIAL 1 6.75% $14,542
    Citizens Bank 1 6.25% $5,135
    CMG MORTGAGE, INC. 1 5.75% $32,352
    CONTOUR MORTGAGE CORPORATION 1 7.25% $6,632
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $5,361
    EMBRACE HOME LOANS, INC. 1 6.13% $13,037
    Equity Prime Mortgage LLC 1 6.75% $14,552
    GENEVA FINANCIAL, LLC 1 6.75% $13,635
    LOANPAL, LLC 1 6.38% $11,904
    Magnolia Bank 1 6.25% $15,167
    MILEND, INC. 1 7.13% $27,954
    MORTGAGEONE, INC. 1 7.50% $14,450
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $12,909
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $5,748
    Plains Commerce Bank 1 5.63% $11,929

    The top Blacksburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $4,471, which is $7,575 lower than the next largest lender, Alcova Mortgage LLC.

    The lowest fee Blacksburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,471), .

    The lowest rate Blacksburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.67%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Blacksburg (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 $233,188 (39.5%) $350,419 (52.0%) 0.86 455
    2018-02-01 $225,000 (24.3%) $282,367 (17.5%) 0.81 471
    2018-03-01 $225,000 (18.5%) $286,391 (14.5%) 0.79 507
    2018-04-01 $229,900 (15.0%) $292,971 (11.2%) 0.78 508
    2018-05-01 $229,200 (7.9%) $287,440 (8.4%) 0.75 571
    2018-06-01 $224,900 (5.0%) $289,822 (6.1%) 0.72 598
    2018-07-01 $214,900 (4.9%) $283,181 (4.8%) 0.70 639
    2018-08-01 $218,900 (4.5%) $289,064 (6.1%) 0.71 637
    2018-09-01 $219,450 (2.1%) $288,063 (6.1%) 0.71 618
    2018-10-01 $218,900 (1.5%) $281,813 (2.6%) 0.72 597
    2018-11-01 $225,000 (2.1%) $294,468 (4.7%) 0.73 556
    2018-12-01 $225,000 (-2.1%) $303,421 (2.5%) 0.75 503
    2019-01-01 $220,000 (-5.7%) $310,792 (-11.3%) 0.74 461
    2019-02-01 $233,938 (4.0%) $322,649 (14.3%) 0.78 443
    2019-03-01 $238,429 (6.0%) $324,766 (13.4%) 0.77 450
    2019-04-01 $243,741 (6.0%) $329,475 (12.5%) 0.76 462
    2019-05-01 $243,250 (6.1%) $327,345 (13.9%) 0.74 494
    2019-06-01 $249,000 (10.7%) $337,457 (16.4%) 0.75 487
    2019-07-01 $259,000 (20.5%) $354,863 (25.3%) 0.78 490
    2019-08-01 $253,136 (15.6%) $351,325 (21.5%) 0.77 482
    2019-09-01 $244,341 (11.3%) $346,471 (20.3%) 0.76 470
    2019-10-01 $237,625 (8.6%) $339,794 (20.6%) 0.74 454
    2019-11-01 $234,950 (4.4%) $334,151 (13.5%) 0.74 426
    2019-12-01 $229,375 (1.9%) $340,188 (12.1%) 0.72 380
    2020-01-01 $225,000 (2.3%) $337,362 (8.6%) 0.68 364
    2020-02-01 $225,000 (-3.8%) $339,460 (5.2%) 0.67 358
    2020-03-01 $239,438 (0.4%) $331,778 (2.2%) 0.73 371
    2020-04-01 $239,950 (-1.6%) $334,399 (1.5%) 0.75 367
    2020-05-01 $259,000 (6.5%) $362,662 (10.8%) 0.77 314
    2020-06-01 $275,000 (10.4%) $375,578 (11.3%) 0.79 324
    2020-07-01 $277,450 (7.1%) $385,168 (8.5%) 0.78 299
    2020-08-01 $275,000 (8.6%) $377,310 (7.4%) 0.74 285
    2020-09-01 $249,813 (2.2%) $377,918 (9.1%) 0.69 273
    2020-10-01 $249,250 (4.9%) $368,056 (8.3%) 0.69 267
    2020-11-01 $242,388 (3.2%) $362,214 (8.4%) 0.69 262
    2020-12-01 $239,450 (4.4%) $359,809 (5.8%) 0.68 230
    2021-01-01 $244,750 (8.8%) $370,914 (10.0%) 0.73 190
    2021-02-01 $258,688 (15.0%) $390,466 (15.0%) 0.73 171
    2021-03-01 $275,750 (15.2%) $403,392 (21.6%) 0.77 154
    2021-04-01 $304,475 (26.9%) $448,805 (34.2%) 0.78 163
    2021-05-01 $319,000 (23.2%) $433,078 (19.4%) 0.79 177
    2021-06-01 $307,425 (11.8%) $420,391 (11.9%) 0.78 216
    2021-07-01 $299,500 (8.0%) $430,503 (11.8%) 0.76 239
    2021-08-01 $289,925 (5.4%) $411,399 (9.0%) 0.76 235
    2021-09-01 $289,450 (15.9%) $404,243 (7.0%) 0.74 246
    2021-10-01 $279,000 (11.9%) $388,682 (5.6%) 0.69 218
    2021-11-01 $269,900 (11.4%) $392,908 (8.5%) 0.67 179
    2021-12-01 $267,450 (11.7%) $401,554 (11.6%) 0.68 163
    2022-01-01 $285,000 (16.5%) $436,039 (17.6%) 0.71 138
    2022-02-01 $296,150 (14.5%) $425,459 (9.0%) 0.70 153
    2022-03-01 $319,000 (15.7%) $452,952 (12.3%) 0.74 143
    2022-04-01 $325,000 (6.7%) $455,255 (1.4%) 0.73 178
    2022-05-01 $349,900 (9.7%) $457,718 (5.7%) 0.80 220
    2022-06-01 $351,750 (14.4%) $460,094 (9.4%) 0.78 267
    2022-07-01 $359,450 (20.0%) $447,230 (3.9%) 0.81 285
    2022-08-01 $334,725 (15.5%) $441,523 (7.3%) 0.76 270
    2022-09-01 $302,250 (4.4%) $419,064 (3.7%) 0.68 259
    2022-10-01 $327,450 (17.4%) $433,063 (11.4%) 0.74 258
    2022-11-01 $325,000 (20.4%) $447,195 (13.8%) 0.78 241
    2022-12-01 $325,000 (21.5%) $461,687 (15.0%) 0.80 207
    2023-01-01 $346,350 (21.5%) $468,230 (7.4%) 0.85 180
    2023-02-01 $345,725 (16.7%) $466,352 (9.6%) 0.84 193
    2023-03-01 $349,000 (9.4%) $481,062 (6.2%) 0.80 202
    2023-04-01 $364,950 (12.3%) $493,987 (8.5%) 0.83 203
    2023-05-01 $398,425 (13.9%) $514,531 (12.4%) 0.88 207
    2023-06-01 $373,088 (6.1%) $503,903 (9.5%) 0.83 221
    2023-07-01 $389,000 (8.2%) $493,170 (10.3%) 0.84 218
    2023-08-01 $382,000 (14.1%) $496,775 (12.5%) 0.85 226
    2023-09-01 $357,000 (18.1%) $485,985 (16.0%) 0.83 230
    2023-10-01 $351,250 (7.3%) $471,646 (8.9%) 0.83 249
    2023-11-01 $359,725 (10.7%) $476,817 (6.6%) 0.87 251
    2023-12-01 $362,475 (11.5%) $476,694 (3.3%) 0.90 242
    2024-01-01 $364,988 (5.4%) $463,075 (-1.1%) 0.90 224
    2024-02-01 $367,450 (6.3%) $463,301 (-0.7%) 0.88 206
    2024-03-01 $370,882 (6.3%) $481,822 (0.2%) 0.87 230
    2024-04-01 $383,727 (5.2%) $499,224 (1.1%) 0.88 242
    2024-05-01 $412,500 (3.5%) $503,475 (-2.2%) 0.97 263
    2024-06-01 $399,000 (7.0%) $492,920 (-2.2%) 0.93 281
    2024-07-01 $390,677 (0.4%) $484,465 (-1.8%) 0.89 313
    2024-08-01 $375,039 (-1.8%) $473,830 (-4.6%) 0.87 329
    2024-09-01 $373,770 (4.7%) $471,033 (-3.1%) 0.87 341
    2024-10-01 $354,900 (1.0%) $447,243 (-5.2%) 0.84 347
    2024-11-01 $364,900 (1.4%) $470,559 (-1.3%) 0.88 314
    2024-12-01 $320,750 (-11.5%) $448,112 (-6.0%) 0.79 290
    2025-01-01 $338,675 (-7.2%) $462,366 (-0.2%) 0.00 259
    Blacksburg's median listing price for 2025-01-01 was $338,675, a difference of $-26,313 (-7.2%) versus the prior year and $17,925 versus the prior month.

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

    Blacksburg's average listing price for 2025-01-01 was $462,366, a difference of $-709 (-0.2%) versus the prior year and $14,254 versus the prior month.

    For the 2025-01-01 period, Blacksburg had 259 MLS listings, a difference of -31 listings (-11%) versus the prior month and 35 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Blacksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 1,918 sqft
    2018-02-01 84 days 1,871 sqft
    2018-03-01 59 days 1,854 sqft
    2018-04-01 54 days 1,917 sqft
    2018-05-01 48 days 1,884 sqft
    2018-06-01 50 days 1,865 sqft
    2018-07-01 61 days 1,831 sqft
    2018-08-01 64 days 1,866 sqft
    2018-09-01 80 days 1,857 sqft
    2018-10-01 86 days 1,853 sqft
    2018-11-01 96 days 1,861 sqft
    2018-12-01 102 days 1,850 sqft
    2019-01-01 104 days 1,852 sqft
    2019-02-01 103 days 1,876 sqft
    2019-03-01 70 days 1,879 sqft
    2019-04-01 43 days 1,925 sqft
    2019-05-01 45 days 1,913 sqft
    2019-06-01 55 days 1,949 sqft
    2019-07-01 66 days 1,979 sqft
    2019-08-01 71 days 1,965 sqft
    2019-09-01 75 days 1,940 sqft
    2019-10-01 82 days 1,919 sqft
    2019-11-01 89 days 1,858 sqft
    2019-12-01 100 days 1,799 sqft
    2020-01-01 93 days 1,752 sqft
    2020-02-01 87 days 1,749 sqft
    2020-03-01 65 days 1,825 sqft
    2020-04-01 62 days 1,866 sqft
    2020-05-01 79 days 1,893 sqft
    2020-06-01 71 days 1,997 sqft
    2020-07-01 57 days 2,020 sqft
    2020-08-01 67 days 2,025 sqft
    2020-09-01 59 days 1,951 sqft
    2020-10-01 61 days 1,850 sqft
    2020-11-01 61 days 1,849 sqft
    2020-12-01 66 days 1,758 sqft
    2021-01-01 79 days 1,745 sqft
    2021-02-01 81 days 1,896 sqft
    2021-03-01 53 days 2,044 sqft
    2021-04-01 38 days 2,099 sqft
    2021-05-01 40 days 1,920 sqft
    2021-06-01 40 days 1,956 sqft
    2021-07-01 47 days 2,005 sqft
    2021-08-01 52 days 1,840 sqft
    2021-09-01 55 days 1,838 sqft
    2021-10-01 61 days 1,772 sqft
    2021-11-01 76 days 1,740 sqft
    2021-12-01 87 days 1,735 sqft
    2022-01-01 64 days 1,749 sqft
    2022-02-01 37 days 1,718 sqft
    2022-03-01 38 days 1,871 sqft
    2022-04-01 38 days 1,880 sqft
    2022-05-01 31 days 1,986 sqft
    2022-06-01 34 days 2,032 sqft
    2022-07-01 45 days 2,020 sqft
    2022-08-01 48 days 1,976 sqft
    2022-09-01 52 days 1,913 sqft
    2022-10-01 59 days 1,933 sqft
    2022-11-01 55 days 1,946 sqft
    2022-12-01 65 days 1,917 sqft
    2023-01-01 68 days 1,999 sqft
    2023-02-01 44 days 1,984 sqft
    2023-03-01 45 days 1,955 sqft
    2023-04-01 47 days 1,968 sqft
    2023-05-01 44 days 2,016 sqft
    2023-06-01 43 days 2,028 sqft
    2023-07-01 43 days 2,158 sqft
    2023-08-01 40 days 2,102 sqft
    2023-09-01 41 days 2,023 sqft
    2023-10-01 45 days 1,923 sqft
    2023-11-01 46 days 1,917 sqft
    2023-12-01 51 days 1,927 sqft
    2024-01-01 61 days 1,902 sqft
    2024-02-01 59 days 1,937 sqft
    2024-03-01 43 days 1,921 sqft
    2024-04-01 41 days 2,015 sqft
    2024-05-01 41 days 2,122 sqft
    2024-06-01 43 days 2,037 sqft
    2024-07-01 46 days 2,024 sqft
    2024-08-01 52 days 2,023 sqft
    2024-09-01 62 days 2,014 sqft
    2024-10-01 65 days 1,968 sqft
    2024-11-01 71 days 1,969 sqft
    2024-12-01 65 days 1,836 sqft
    2025-01-01 0 days 1,877 sqft
    Blacksburg'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.

    Blacksburg's median square footage for active listings during the 2025-01-01 period was 1,877 sqft. One year prior, the average listing was 1,902 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.