Charlotte VA Loan Rates, Closing Costs & Stats
CHARLOTTE-CONCORD-GASTONIA, NC-SC
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
6.3%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Charlotte's average VA mortgage closing costs are $6,360.
The average rate for the prior week (2024-12-06) was
6.14% and
one month ago for the week of 2024-11-08, the
average rate was 6.23%.
The average rate one year ago was 6.58%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.23%.
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.
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%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Charlotte (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 | $337,402 (8.9%) | $436,934 (7.7%) | 1.25 | 6,854 |
| 2018-02-01 | $338,500 (6.5%) | $442,760 (6.0%) | 1.23 | 6,890 |
| 2018-03-01 | $349,000 (5.8%) | $452,256 (4.6%) | 1.22 | 7,189 |
| 2018-04-01 | $352,916 (3.8%) | $463,121 (4.3%) | 1.20 | 7,505 |
| 2018-05-01 | $354,719 (2.2%) | $468,323 (3.4%) | 1.18 | 7,951 |
| 2018-06-01 | $352,758 (1.3%) | $464,301 (1.8%) | 1.18 | 8,425 |
| 2018-07-01 | $347,000 (0.6%) | $453,480 (0.7%) | 1.16 | 8,769 |
| 2018-08-01 | $340,000 (0.2%) | $445,833 (1.1%) | 1.14 | 8,908 |
| 2018-09-01 | $339,900 (0.7%) | $443,535 (1.2%) | 1.14 | 8,965 |
| 2018-10-01 | $333,975 (-1.2%) | $436,164 (-0.7%) | 1.13 | 9,032 |
| 2018-11-01 | $329,950 (-0.9%) | $432,745 (-0.3%) | 1.12 | 8,853 |
| 2018-12-01 | $325,000 (-2.0%) | $428,688 (-0.6%) | 1.12 | 8,317 |
| 2019-01-01 | $325,000 (-3.7%) | $429,118 (-1.8%) | 1.12 | 7,890 |
| 2019-02-01 | $329,900 (-2.5%) | $439,798 (-0.7%) | 1.11 | 7,891 |
| 2019-03-01 | $341,329 (-2.2%) | $461,575 (2.1%) | 1.12 | 7,939 |
| 2019-04-01 | $349,950 (-0.8%) | $474,915 (2.6%) | 1.11 | 8,122 |
| 2019-05-01 | $355,750 (0.3%) | $478,421 (2.2%) | 1.11 | 8,347 |
| 2019-06-01 | $358,500 (1.6%) | $477,847 (2.9%) | 1.12 | 8,499 |
| 2019-07-01 | $349,950 (0.9%) | $457,689 (0.9%) | 1.10 | 8,511 |
| 2019-08-01 | $345,109 (1.5%) | $455,218 (2.1%) | 1.09 | 8,487 |
| 2019-09-01 | $339,423 (-0.1%) | $457,231 (3.1%) | 1.09 | 8,399 |
| 2019-10-01 | $335,632 (0.5%) | $449,668 (3.1%) | 1.08 | 8,304 |
| 2019-11-01 | $334,750 (1.5%) | $435,540 (0.7%) | 1.10 | 7,812 |
| 2019-12-01 | $335,882 (3.4%) | $436,961 (1.9%) | 1.12 | 6,995 |
| 2020-01-01 | $336,675 (3.6%) | $443,443 (3.3%) | 1.13 | 6,361 |
| 2020-02-01 | $340,888 (3.3%) | $460,397 (4.7%) | 1.12 | 5,749 |
| 2020-03-01 | $349,950 (2.5%) | $477,868 (3.5%) | 1.10 | 5,975 |
| 2020-04-01 | $340,320 (-2.8%) | $459,662 (-3.2%) | 1.07 | 6,500 |
| 2020-05-01 | $352,938 (-0.8%) | $484,739 (1.3%) | 1.07 | 6,263 |
| 2020-06-01 | $367,405 (2.5%) | $509,202 (6.6%) | 1.08 | 5,332 |
| 2020-07-01 | $369,450 (5.6%) | $513,307 (12.2%) | 1.07 | 4,730 |
| 2020-08-01 | $369,900 (7.2%) | $515,953 (13.3%) | 1.06 | 4,557 |
| 2020-09-01 | $373,591 (10.1%) | $520,568 (13.9%) | 1.07 | 4,440 |
| 2020-10-01 | $368,732 (9.9%) | $516,090 (14.8%) | 1.06 | 4,332 |
| 2020-11-01 | $374,950 (12.0%) | $519,927 (19.4%) | 1.10 | 4,040 |
| 2020-12-01 | $372,061 (10.8%) | $513,364 (17.5%) | 1.11 | 3,530 |
| 2021-01-01 | $367,391 (9.1%) | $508,532 (14.7%) | 1.10 | 3,034 |
| 2021-02-01 | $362,500 (6.3%) | $511,201 (11.0%) | 1.06 | 2,639 |
| 2021-03-01 | $375,070 (7.2%) | $545,201 (14.1%) | 1.06 | 2,329 |
| 2021-04-01 | $385,000 (13.1%) | $554,098 (20.5%) | 1.04 | 2,311 |
| 2021-05-01 | $389,000 (10.2%) | $550,233 (13.5%) | 1.03 | 2,456 |
| 2021-06-01 | $388,750 (5.8%) | $541,814 (6.4%) | 1.02 | 2,783 |
| 2021-07-01 | $385,975 (4.5%) | $527,944 (2.9%) | 1.02 | 3,060 |
| 2021-08-01 | $388,250 (5.0%) | $516,997 (0.2%) | 1.04 | 3,242 |
| 2021-09-01 | $389,215 (4.2%) | $524,313 (0.7%) | 1.04 | 3,269 |
| 2021-10-01 | $398,430 (8.1%) | $525,286 (1.8%) | 1.06 | 3,215 |
| 2021-11-01 | $399,000 (6.4%) | $521,379 (0.3%) | 1.07 | 3,032 |
| 2021-12-01 | $392,000 (5.4%) | $519,938 (1.3%) | 1.06 | 2,550 |
| 2022-01-01 | $399,000 (8.6%) | $529,046 (4.0%) | 1.08 | 2,098 |
| 2022-02-01 | $397,750 (9.7%) | $550,199 (7.6%) | 1.03 | 1,800 |
| 2022-03-01 | $403,994 (7.7%) | $559,287 (2.6%) | 1.01 | 1,895 |
| 2022-04-01 | $415,000 (7.8%) | $582,445 (5.1%) | 0.99 | 2,134 |
| 2022-05-01 | $432,245 (11.1%) | $596,914 (8.5%) | 0.99 | 2,880 |
| 2022-06-01 | $445,383 (14.6%) | $597,206 (10.2%) | 0.99 | 3,649 |
| 2022-07-01 | $432,000 (11.9%) | $578,299 (9.5%) | 0.97 | 4,965 |
| 2022-08-01 | $425,000 (9.5%) | $567,894 (9.8%) | 0.98 | 5,333 |
| 2022-09-01 | $420,500 (8.0%) | $567,737 (8.3%) | 0.98 | 5,389 |
| 2022-10-01 | $415,000 (4.2%) | $552,120 (5.1%) | 0.98 | 5,668 |
| 2022-11-01 | $403,900 (1.2%) | $540,222 (3.6%) | 0.97 | 5,924 |
| 2022-12-01 | $396,590 (1.2%) | $528,046 (1.6%) | 0.98 | 5,428 |
| 2023-01-01 | $395,000 (-1.0%) | $528,802 (-0.1%) | 0.98 | 4,914 |
| 2023-02-01 | $397,227 (-0.1%) | $540,298 (-1.8%) | 0.96 | 4,367 |
| 2023-03-01 | $401,784 (-0.6%) | $556,878 (-0.4%) | 0.95 | 4,088 |
| 2023-04-01 | $425,000 (2.4%) | $590,203 (1.3%) | 0.99 | 4,010 |
| 2023-05-01 | $434,881 (0.6%) | $624,514 (4.6%) | 0.99 | 3,964 |
| 2023-06-01 | $440,975 (-1.0%) | $642,110 (7.5%) | 0.99 | 4,109 |
| 2023-07-01 | $439,900 (1.8%) | $635,874 (10.0%) | 1.00 | 4,234 |
| 2023-08-01 | $429,736 (1.1%) | $620,073 (9.2%) | 0.99 | 4,400 |
| 2023-09-01 | $425,000 (1.1%) | $618,600 (9.0%) | 0.99 | 4,629 |
| 2023-10-01 | $420,948 (1.4%) | $601,721 (9.0%) | 0.99 | 5,106 |
| 2023-11-01 | $414,945 (2.7%) | $587,807 (8.8%) | 0.99 | 5,285 |
| 2023-12-01 | $400,000 (0.9%) | $572,924 (8.5%) | 0.98 | 5,014 |
| 2024-01-01 | $400,000 (1.3%) | $575,941 (8.9%) | 0.98 | 4,626 |
| 2024-02-01 | $400,000 (0.7%) | $590,355 (9.3%) | 0.96 | 4,571 |
| 2024-03-01 | $410,104 (2.1%) | $596,803 (7.2%) | 0.97 | 4,902 |
| 2024-04-01 | $422,450 (-0.6%) | $623,412 (5.6%) | 0.98 | 5,289 |
| 2024-05-01 | $435,000 (0.0%) | $644,500 (3.2%) | 0.98 | 5,651 |
| 2024-06-01 | $440,895 (0.0%) | $656,642 (2.3%) | 0.99 | 6,134 |
| 2024-07-01 | $439,000 (-0.2%) | $624,560 (-1.8%) | 1.00 | 6,752 |
| 2024-08-01 | $435,000 (1.2%) | $621,049 (0.2%) | 1.01 | 7,146 |
| 2024-09-01 | $430,000 (1.2%) | $615,857 (-0.4%) | 1.01 | 7,451 |
| 2024-10-01 | $429,947 (2.1%) | $603,537 (0.3%) | 1.01 | 7,456 |
| 2024-11-01 | $428,750 (3.3%) | $598,623 (1.8%) | 1.03 | 7,268 |
Charlotte's median listing price comes in at 103% of the national average.
Charlotte's average listing price for 2024-11-01 was $598,623, a difference of $10,816 (1.8%) versus the prior year and $-4,914 versus the prior month.
For the 2024-11-01 period, Charlotte had 7,268 MLS listings, a difference of -188 listings (-3%) versus the prior month and 1,983 listings (38%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Charlotte (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 79 days | 2,580 sqft |
| 2018-02-01 | 69 days | 2,556 sqft |
| 2018-03-01 | 46 days | 2,622 sqft |
| 2018-04-01 | 45 days | 2,639 sqft |
| 2018-05-01 | 45 days | 2,651 sqft |
| 2018-06-01 | 46 days | 2,650 sqft |
| 2018-07-01 | 50 days | 2,602 sqft |
| 2018-08-01 | 51 days | 2,560 sqft |
| 2018-09-01 | 56 days | 2,540 sqft |
| 2018-10-01 | 59 days | 2,500 sqft |
| 2018-11-01 | 59 days | 2,468 sqft |
| 2018-12-01 | 65 days | 2,432 sqft |
| 2019-01-01 | 72 days | 2,416 sqft |
| 2019-02-01 | 63 days | 2,423 sqft |
| 2019-03-01 | 51 days | 2,480 sqft |
| 2019-04-01 | 46 days | 2,519 sqft |
| 2019-05-01 | 46 days | 2,558 sqft |
| 2019-06-01 | 47 days | 2,547 sqft |
| 2019-07-01 | 50 days | 2,482 sqft |
| 2019-08-01 | 50 days | 2,436 sqft |
| 2019-09-01 | 52 days | 2,407 sqft |
| 2019-10-01 | 53 days | 2,387 sqft |
| 2019-11-01 | 55 days | 2,362 sqft |
| 2019-12-01 | 64 days | 2,359 sqft |
| 2020-01-01 | 70 days | 2,334 sqft |
| 2020-02-01 | 57 days | 2,356 sqft |
| 2020-03-01 | 38 days | 2,388 sqft |
| 2020-04-01 | 41 days | 2,327 sqft |
| 2020-05-01 | 52 days | 2,409 sqft |
| 2020-06-01 | 45 days | 2,437 sqft |
| 2020-07-01 | 42 days | 2,424 sqft |
| 2020-08-01 | 37 days | 2,384 sqft |
| 2020-09-01 | 33 days | 2,356 sqft |
| 2020-10-01 | 35 days | 2,278 sqft |
| 2020-11-01 | 41 days | 2,236 sqft |
| 2020-12-01 | 47 days | 2,195 sqft |
| 2021-01-01 | 46 days | 2,192 sqft |
| 2021-02-01 | 30 days | 2,057 sqft |
| 2021-03-01 | 28 days | 2,077 sqft |
| 2021-04-01 | 25 days | 2,097 sqft |
| 2021-05-01 | 22 days | 2,110 sqft |
| 2021-06-01 | 22 days | 2,088 sqft |
| 2021-07-01 | 24 days | 2,058 sqft |
| 2021-08-01 | 25 days | 2,047 sqft |
| 2021-09-01 | 28 days | 2,061 sqft |
| 2021-10-01 | 30 days | 2,046 sqft |
| 2021-11-01 | 31 days | 2,040 sqft |
| 2021-12-01 | 38 days | 1,984 sqft |
| 2022-01-01 | 39 days | 1,986 sqft |
| 2022-02-01 | 26 days | 1,958 sqft |
| 2022-03-01 | 17 days | 1,978 sqft |
| 2022-04-01 | 17 days | 1,994 sqft |
| 2022-05-01 | 20 days | 2,042 sqft |
| 2022-06-01 | 26 days | 2,105 sqft |
| 2022-07-01 | 30 days | 2,085 sqft |
| 2022-08-01 | 36 days | 2,082 sqft |
| 2022-09-01 | 43 days | 2,079 sqft |
| 2022-10-01 | 44 days | 2,049 sqft |
| 2022-11-01 | 47 days | 2,017 sqft |
| 2022-12-01 | 57 days | 1,959 sqft |
| 2023-01-01 | 67 days | 1,938 sqft |
| 2023-02-01 | 55 days | 1,952 sqft |
| 2023-03-01 | 42 days | 1,968 sqft |
| 2023-04-01 | 39 days | 2,016 sqft |
| 2023-05-01 | 39 days | 2,056 sqft |
| 2023-06-01 | 38 days | 2,078 sqft |
| 2023-07-01 | 39 days | 2,089 sqft |
| 2023-08-01 | 38 days | 2,050 sqft |
| 2023-09-01 | 40 days | 2,031 sqft |
| 2023-10-01 | 40 days | 2,000 sqft |
| 2023-11-01 | 43 days | 1,945 sqft |
| 2023-12-01 | 53 days | 1,911 sqft |
| 2024-01-01 | 59 days | 1,890 sqft |
| 2024-02-01 | 45 days | 1,886 sqft |
| 2024-03-01 | 38 days | 1,919 sqft |
| 2024-04-01 | 37 days | 1,952 sqft |
| 2024-05-01 | 32 days | 2,025 sqft |
| 2024-06-01 | 36 days | 2,030 sqft |
| 2024-07-01 | 41 days | 2,015 sqft |
| 2024-08-01 | 44 days | 2,025 sqft |
| 2024-09-01 | 48 days | 2,011 sqft |
| 2024-10-01 | 53 days | 1,992 sqft |
| 2024-11-01 | 55 days | 1,962 sqft |
Charlotte's median square footage for active listings during the 2024-11-01 period was 1,962 sqft. One year prior, the average listing was 1,945 sqft.