Burlington VA Loan Rates, Closing Costs & Stats

BURLINGTON, 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.

    Burlington's 77 lenders originated 364 VA loans during 2024. The total origination value was $126,520,000, with an average VA loan value of $347,582.

    Burlington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Burlington averaged 0.15% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Burlington's average VA mortgage closing costs are $6,078.

    The average rate for the prior week (2025-06-13) was 6.6% and one month ago for the week of 2025-05-16, the average rate was 6.46%.

    The average rate one year ago was 6.45%.

    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.

    Burlington 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 Burlington level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 47 6.39% $4,911
    UNITED WHOLESALE MORTGAGE, LLC 29 5.88% $10,391
    DHI MORTGAGE COMPANY, LTD. 28 5.19% $7,175
    FREEDOM MORTGAGE CORPORATION 25 6.37% $8,502
    MOVEMENT MORTGAGE, LLC 19 6.35% $8,012
    QUICKEN LOANS, LLC 18 6.15% $11,687
    NAVY FEDERAL CREDIT UNION 14 5.81% $7,296
    UNION HOME MORTGAGE CORP. 14 6.32% $6,885
    LOANDEPOT.COM, LLC 11 5.61% $9,848
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 6.35% $6,402
    PENNYMAC LOAN SERVICES, LLC 8 5.48% $8,956
    USAA Federal Savings Bank 7 6.23% $6,172
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 5.81% $2,272
    VILLAGE CAPITAL MORTGAGE 6 5.64% $9,471
    First National Bank of Pennsylvania 6 5.85% $12,258
    GUARANTEED RATE, INC. 5 5.95% $6,388
    NEW DAY FINANCIAL, LLC 5 7.39% $12,924
    CROSSCOUNTRY MORTGAGE, LLC 5 6.35% $9,582
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.40% $4,786
    NEWREZ LLC 4 5.88% $6,913
    AmRes Corporation 4 6.75% $11,520
    ZILLOW HOME LOANS, LLC 3 6.83% $3,304
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.63% $8,926
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.58% $11,760
    PLANET HOME LENDING, LLC 3 5.58% $4,891
    The Federal Savings Bank 3 6.38% $12,135
    Truist 3 6.37% $7,551
    CLEARPATH LENDING 2 5.25% $3,165
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.38% $3,307
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $12,671
    BAY EQUITY LLC 2 6.37% $11,622
    NBKC BANK 2 6.06% $2,952
    Blue Ridge Bank 2 6.88% $6,661
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.13% $5,472
    Mr. Cooper ( Nationstar Mortgage ) 2 7.50% $3,757
    CMG MORTGAGE, INC. 2 6.13% $11,409
    GUILD MORTGAGE COMPANY 2 6.31% $2,566
    T2 FINANCIAL LLC 2 6.63% $8,000
    Wells Fargo Bank 1 6.50% $3,341
    TJC Mortgage, Inc. 1 4.88% $9,033
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $6,039
    AmeriHome Mortgage Company, LLC 1 6.63% $6,001
    Ameris Bank 1 5.75% $7,908
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $14,940
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,941
    BROKER SOLUTIONS, INC. 1 5.75% $3,212
    Carrington Mortgage Services, LLC 1 6.75% $16,904
    Century Mortgage Company DBA Century Lending Company 1 5.75% $2,733
    CityWorth Mortgage LLC 1 5.75% $6,585
    Cornerstone First Mortgage, Inc 1 5.63% $16,574
    CORNERSTONE HOME LENDING, INC. 1 6.25% $5,694
    Corporate Investors Mortgage Group, Inc. 1 6.63% $13,602
    DAS Acquisition Company, LLC 1 6.75% $15,729
    EMM LOANS LLC 1 6.25% $4,712
    ENVOY MORTGAGE, LTD 1 6.63% $17,462
    EVERETT FINANCIAL, INC. 1 6.75% $128
    First-Citizens Bank & Trust Company 1 5.13% $11,460
    FIRST COMMUNITY MORTGAGE, INC. 1 5.99% $19,419
    First Federal Bank 1 5.75% $5,068
    First Horizon Bank 1 6.63% $3,748
    HOMESIDE FINANCIAL, LLC 1 6.49% $2,838
    Integrity Home Mortgage Corp 1 6.25% $11,453
    JPMorgan Chase Bank 1 5.63% $26,164
    Lakeview Community Capital, LLC 1 6.25% $2,599
    LAKEVIEW LOAN SERVICING, LLC 1 5.99% $3,987
    Mid-Continent Funding, Inc. 1 6.75% $2,886
    NATION ONE MORTGAGE CORPORATION 1 7.63% $23,340
    NFM, INC. 1 6.13% $8,620
    OCEANSIDE MORTGAGE COMPANY 1 5.50% $10,828
    Paramount Residential Mortgage Group, Inc. 1 6.25% $9,610
    PHH Mortgage Corporation 1 5.88% $6,424
    Pinnacle Bank 1 6.75% $10,960
    Prosperity Home Mortgage, LLC 1 5.50% $28,344
    Residential Mortgage Solutions, Inc. 1 6.50% $3,739
    SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $5,482
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $3,366
    Towne Bank 1 6.13% $4,723

    The top Burlington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 47 VA loans originated. Their average total fees are $4,911, which is $5,480 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Burlington VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,911), UNION HOME MORTGAGE CORP. ($6,885), DHI MORTGAGE COMPANY, LTD. ($7,175), NAVY FEDERAL CREDIT UNION ($7,296) and MOVEMENT MORTGAGE, LLC ($8,012).

    The lowest rate Burlington VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.19%), LOANDEPOT.COM, LLC (5.61%), NAVY FEDERAL CREDIT UNION (5.81%), UNITED WHOLESALE MORTGAGE, LLC (5.88%) and QUICKEN LOANS, LLC (6.15%).

    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.