Charlotte VA Loan Rates, Closing Costs & Stats

CHARLOTTE-CONCORD-GASTONIA, NC-SC

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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.

    Charlotte's 207 lenders originated 3,461 VA loans during 2023. The total origination value was $1,328,895,000, with an average VA loan value of $383,963.

    Charlotte VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Charlotte averaged 6.26% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Charlotte's average VA mortgage closing costs are $6,360.

    The average rate for the prior week (2024-11-01) was 6.12% and one month ago for the week of 2024-10-04, the average rate was 5.45%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.8%.

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

    Charlotte 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 Charlotte level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 394 6.71% $7,696
    QUICKEN LOANS, LLC 241 6.05% $12,998
    MOVEMENT MORTGAGE, LLC 227 6.40% $9,146
    UNITED WHOLESALE MORTGAGE, LLC 209 6.20% $10,324
    LOANDEPOT.COM, LLC 157 5.98% $11,555
    NAVY FEDERAL CREDIT UNION 138 5.85% $6,195
    FREEDOM MORTGAGE CORPORATION 91 6.41% $17,810
    DHI MORTGAGE COMPANY, LTD. 86 5.54% $3,028
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 84 6.54% $8,515
    PENNYMAC LOAN SERVICES, LLC 82 5.55% $9,186
    American Security Mortgage Corp. 68 6.10% $9,731
    USAA Federal Savings Bank 61 6.08% $9,801
    NVR Mortgage Finance, Inc. 59 5.50% $7,186
    The Federal Savings Bank 59 6.35% $20,822
    NEW DAY FINANCIAL, LLC 56 7.38% $13,686
    CROSSCOUNTRY MORTGAGE, LLC 56 6.52% $9,913
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 49 6.38% $10,319
    EAGLE HOME MORTGAGE, LLC 49 5.95% $5,766
    MATTAMY HOME FUNDING, LLC 41 5.68% $7,870
    Mr. Cooper ( Nationstar Mortgage ) 40 6.01% $16,216
    GUILD MORTGAGE COMPANY 29 6.50% $12,104
    VILLAGE CAPITAL MORTGAGE 28 6.03% $11,574
    GUARANTEED RATE AFFINITY, LLC 27 6.44% $6,076
    CARDINAL FINANCIAL 26 6.55% $15,608
    Wells Fargo Bank 25 6.00% $7,273
    Towne Bank 24 6.12% $16,175
    INSPIRE HOME LOANS INC. 23 5.76% $8,384
    NEWREZ LLC 23 6.34% $12,564
    NBKC BANK 20 5.97% $7,512
    PENTAGON FEDERAL CREDIT UNION 20 5.66% $9,088
    South Pacific Financial Corporation 20 5.93% $7,154
    Truist 20 6.03% $5,799
    CMG MORTGAGE, INC. 19 6.31% $8,204
    Barrington Bank & Trust Company, N.A. 19 6.89% $11,396
    First Federal Bank 18 6.10% $10,371
    SeaTrust Mortgage Company 18 6.33% $11,146
    MORTGAGE SOLUTIONS OF COLORADO, LLC 18 7.31% $9,360
    PULTE MORTGAGE LLC 17 5.88% $7,683
    Atlantic Coast Mortgage, LLC 17 6.25% $7,549
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.31% $7,741
    GUARANTEED RATE, INC. 15 6.23% $5,604
    Equity Prime Mortgage LLC 15 7.01% $10,919
    AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.25% $9,237
    RELIANCE FIRST CAPITAL, LLC 15 6.28% $13,223
    HOWARD HANNA FINANCIAL SERVICES, INC. 14 6.73% $8,057
    First Heritage Mortgage, LLC 13 6.44% $13,887
    Magnolia Bank 13 6.14% $18,571
    VERITAS FUNDING, LLC 12 6.47% $18,769
    CORNERSTONE HOME LENDING, INC. 12 6.12% $7,303
    Mid-Continent Funding, Inc. 12 6.36% $12,730
    BROKER SOLUTIONS, INC. 12 6.74% $11,357
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 12 6.23% $9,338
    MUTUAL OF OMAHA MORTGAGE, INC. 11 6.20% $12,155
    JET HOMELOANS, LLC 11 6.42% $9,195
    AMERISAVE MORTGAGE CORPORATION 11 5.65% $15,948
    M/I FINANCIAL, LLC 11 5.75% $17,432
    ACADEMY MORTGAGE CORPORATION 10 6.83% $10,216
    Northpointe Bank 10 6.55% $5,915
    Flagstar Bank, FSB 10 6.36% $15,449
    HOMESIDE FINANCIAL, LLC 9 6.53% $9,665
    TJC Mortgage, Inc. 9 6.14% $11,577
    INTERCOASTAL MORTGAGE COMPANY 8 6.38% $11,887
    Paramount Residential Mortgage Group, Inc. 8 6.67% $7,519
    Alcova Mortgage LLC 8 6.29% $8,095
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 6.19% $3,328
    FBC MORTGAGE, LLC 8 5.62% $6,484
    RAPID MORTGAGE COMPANY 8 6.80% $20,604
    AMERICAN FINANCIAL NETWORK, INC. 7 6.36% $9,788
    Uwharrie Bank 7 6.16% $9,325
    NFM, INC. 7 6.23% $11,384
    U.S. Bank 7 6.14% $10,375
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.18% $7,537
    PLAZA HOME MORTGAGE, INC. 7 6.71% $9,249
    Plains Commerce Bank 7 6.34% $9,157
    T2 FINANCIAL LLC 7 6.68% $5,931
    ON Q FINANCIAL, INC. 6 6.81% $6,819
    MILEND, INC. 6 6.54% $19,570
    UNION HOME MORTGAGE CORP. 6 6.69% $8,092
    PREMIER LENDING, INC. 6 6.58% $14,281
    Prosperity Home Mortgage, LLC 6 6.12% $9,471
    BAY EQUITY LLC 5 6.17% $15,346
    SUN WEST MORTGAGE COMPANY, INC. 5 6.44% $7,651
    GSF Mortgage Corporation 5 5.52% $7,967
    CONTOUR MORTGAGE CORPORATION 5 6.30% $13,857
    PLANET HOME LENDING, LLC 5 6.55% $8,455
    ZILLOW HOME LOANS, LLC 4 6.63% $8,591
    Allen Tate Mortgage Partners, LLC 4 5.88% $7,668
    Ameris Bank 4 6.44% $3,852
    Citizens Bank 4 6.28% $5,162
    KBHS HOME LOANS, LLC 4 6.09% $15,467
    LAKEVIEW LOAN SERVICING, LLC 4 5.75% $16,257
    LEGEND LENDING CORPORATION 4 6.41% $11,395
    MICHIGAN MUTUAL, INC. 4 5.44% $13,093
    Renasant Bank 4 6.47% $3,806
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.25% $2,389
    Nations Lending Corporation 3 6.17% $8,668
    Fifth Third Bank 3 6.04% $4,135
    First-Citizens Bank & Trust Company 3 6.17% $7,041
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 6.21% $10,924
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.83% $3,823
    American Mortgage & Equity Consultants, Inc. 3 6.58% $9,484
    LADERA LENDING, INC. 3 6.92% $29,087
    Lakeview Community Capital, LLC 3 6.21% $14,750
    THRIVE MORTGAGE, LLC 3 6.71% $8,408
    SOVEREIGN LENDING GROUP INCORPORATED 3 5.25% $18,782
    South State Bank 3 6.13% $5,645
    HOMESTAR FINANCIAL CORPORATION 3 6.58% $8,468
    LOANPAL, LLC 3 6.00% $21,308
    RESIDENTIAL HOME FUNDING CORP. 3 6.58% $6,563
    Gateway First Bank 3 6.50% $6,723
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.75% $5,441
    Regions Bank 3 5.38% $5,152
    Wyndham Capital Mortgage, Inc. 3 5.17% $15,198
    MID AMERICA MORTGAGE, INC. 3 6.54% $7,835
    CHURCHILL MORTGAGE CORPORATION 3 6.46% $14,441
    GENEVA FINANCIAL, LLC 2 6.63% $7,533
    GoPrime Mortgage, Inc. 2 6.63% $17,892
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.75% $6,524
    MCLEAN MORTGAGE CORPORATION 2 5.63% $4,253
    MORTGAGEONE, INC. 2 7.56% $10,307
    M&T Bank 2 6.13% $11,536
    NATIONWIDE MORTGAGE BANKERS, INC. 2 7.12% $10,366
    EQUITY RESOURCES, INC. 2 6.44% $7,433
    EMM LOANS LLC 2 5.63% $18,940
    DIRECT MORTGAGE LOANS, LLC 2 6.13% $10,523
    DEVELOPER'S MORTGAGE COMPANY 2 6.38% $14,267
    Pinnacle Bank 2 7.13% $22,865
    Carrington Mortgage Services, LLC 2 5.63% $1,783
    RADIUS FINANCIAL GROUP INC. 2 6.94% $9,400
    Capital Bank 2 6.25% $6,974
    Strong Home Mortgage, LLC 2 5.63% $11,587
    TD Bank 2 6.13% $4,411
    TOP FLITE FINANCIAL, INC. 2 7.00% $1,646
    United Community Bank 2 6.31% $5,326
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.31% $17,232
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.06% $12,242
    ALLIED MORTGAGE GROUP, INC. 2 7.00% $14,741
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.49% $11,287
    NTFN, INC. 1 6.75% $7,837
    HUNT MORTGAGE CORPORATION 1 5.63% $8,350
    Old National Bank 1 5.88% $8,553
    Waterstone Mortgage Corporation 1 6.75% $8,665
    OPEN MORTGAGE, LLC 1 7.75% $4,525
    DELMAR FINANCIAL COMPANY 1 6.75% $4,855
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.25% $5,642
    Credence Funding Corporation 1 7.00% $1,653
    PHH Mortgage Corporation 1 6.49% $10,547
    JPMorgan Chase Bank 1 5.88% $500
    COMMUNITYAMERICA 1 6.63% $11,454
    Florida Capital Bank 1 6.75% $5,316
    City Bank 1 5.50% $25,400
    PNC Bank 1 7.38% $2,365
    POLARIS HOME FUNDING CORP. 1 6.13% $13,646
    F&M Bank 1 5.88% $6,452
    C & F Mortgage Corporation 1 6.63% $4,790
    Century Mortgage Company DBA Century Lending Company 1 5.50% $4,098
    CBM Mortgage, Inc. 1 5.75% $13,852
    Ixonia Bank 1 5.75% $7,547
    CAPITAL CENTER, L.L.C. 1 5.63% $28,043
    VAN DYK MORTGAGE CORPORATION 1 7.00% $12,628
    HALLMARK HOME MORTGAGE, LLC 1 7.25% $19,998
    MDE Home Loans, LLC 1 6.25% $3,080
    CANOPY MORTGAGE, LLC 1 5.99% $4,846
    ACOPIA, LLC 1 7.63% $6,168
    Integrity Home Mortgage Corp 1 7.63% $2,448
    RESOURCE FINANCIAL SERVICES, INC. 1 8.25% $5,456
    CALIBER HOME LOANS, INC. 1 5.75% $8,175
    SFMC, LP 1 7.75% $10,620
    Shamrock Home Loans, Inc. 1 5.13% $10,141
    Shea Mortgage Inc. 1 6.50% $2,374
    Sierra Pacific Mortgage Company, Inc. 1 5.50% $16,275
    Blue Ridge Bank 1 7.25% $4,815
    Wolfe Financial, Inc 1 5.75% $4,328
    Leader Bank 1 6.99% $4,260
    Victorian Finance, LLC 1 7.25% $5,627
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $13,394
    Bank of Tennessee 1 5.75% $7,497
    TBI MORTGAGE COMPANY 1 6.75% $4,505
    Alerus Financial 1 6.25% $2,682
    The Central Trust Bank 1 6.99% $10,720
    Bank of England 1 5.75% $14,593
    THE MORTGAGE LINK, INC. 1 5.25% $17,794
    ALAMEDA MORTGAGE CORPORATION 1 6.25% $6,672
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.50% $7,257
    Bank of America 1 5.75% $9,658
    INTERNATIONAL CITY MORTGAGE, INC. 1 4.88% $10,932
    Atlantic Union Bank 1 6.63% $4,057
    TOWNE MORTGAGE COMPANY 1 7.13% $5,097
    Assurance Financial Group, L.L.C. 1 5.25% $11,588
    Trustmark National Bank 1 6.63% $11,134
    First Internet Bank of Indiana 1 5.49% $3,461
    FIRST HOME MORTGAGE CORPORATION 1 7.50% $2,290
    MORTGAGE INVESTORS GROUP, INC. 1 7.13% $10,369
    MORTGAGE ACCESS CORP. 1 5.75% $2,547
    UMB Bank 1 7.13% $5,719
    FIDELITY DIRECT MORTGAGE, LLC 1 6.88% $15,307
    NATIONS DIRECT MORTGAGE, LLC 1 6.38% $19,429
    First National Bank of Pennsylvania 1 6.50% $6,115
    NATIONS RELIABLE LENDING, LLC 1 5.88% $10,725
    Arvest Bank 1 6.00% $6,875
    EVERETT FINANCIAL, INC. 1 6.63% $13,820
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.63% $8,314
    NETWORK CAPITAL FUNDING CORPORATION 1 6.38% $14,890
    HOMESTEAD FUNDING CORP. 1 5.50% $3,342
    Gulf Coast Bank and Trust Company 1 7.13% $4,282
    EMBRACE HOME LOANS, INC. 1 6.25% $4,030
    North American Savings Bank, F.S.B. 1 5.88% $55

    The top Charlotte VA lender as defined by loan originations is Mortgage Research Center, LLC, with 394 VA loans originated. Their average total fees are $7,696, which is $5,303 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Charlotte VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($3,028), GUARANTEED RATE, INC. ($5,604), EAGLE HOME MORTGAGE, LLC ($5,766), Truist ($5,799) and Northpointe Bank ($5,915).

    The lowest rate Charlotte VA lenders (with over 10 loans originated) are NVR Mortgage Finance, Inc. (5.50%), DHI MORTGAGE COMPANY, LTD. (5.54%), PENNYMAC LOAN SERVICES, LLC (5.55%), AMERISAVE MORTGAGE CORPORATION (5.65%) and PENTAGON FEDERAL CREDIT UNION (5.66%).

    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.