Cullowhee VA Loan Rates, Closing Costs & Stats
Cullowhee, NC
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.
Cullowhee's 19 lenders originated 50 VA loans during 2024. The total origination value was $18,860,000, with an average VA loan value of $377,200.
Cullowhee VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Cullowhee
averaged
0.69%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Cullowhee's average VA mortgage closing costs are $6,339.
The average rate for the prior week (2025-06-13) was
6.94% and
one month ago for the week of 2025-05-16, the
average rate was 7.1%.
The average rate one year ago was 7.19%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.1%.
Cullowhee 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 Cullowhee level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Mortgage Research Center, LLC | 7 | 6.30% | $3,347 |
| FREEDOM MORTGAGE CORPORATION | 7 | 6.23% | $13,797 |
| NAVY FEDERAL CREDIT UNION | 4 | 5.91% | $2,740 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 5.64% | $15,977 |
| NEW DAY FINANCIAL, LLC | 3 | 6.91% | $10,464 |
| QUICKEN LOANS, LLC | 2 | 6.12% | $11,149 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 2 | 6.06% | $11,239 |
| The Federal Savings Bank | 2 | 5.56% | $24,051 |
| NEWREZ LLC | 2 | 6.38% | $8,973 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 5.75% | $0 |
| USAA Federal Savings Bank | 1 | 5.88% | $13,125 |
| Equity Prime Mortgage LLC | 1 | 7.38% | $5,784 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.49% | $7,255 |
| GoPrime Mortgage, Inc. | 1 | 6.13% | $10,205 |
| LOANDEPOT.COM, LLC | 1 | 5.38% | $14,935 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.63% | $3,729 |
| NBKC BANK | 1 | 6.38% | $3,725 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 6.25% | $22,086 |
| Renasant Bank | 1 | 5.25% | $4,202 |
The top Cullowhee VA lender as defined by loan originations is Mortgage Research Center, LLC, with
7 VA loans originated. Their average total fees are
$3,347, which is $10,450
lower than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Cullowhee VA lenders (with over 10 loans originated) are
.
The lowest rate Cullowhee VA lenders (with over 10 loans originated) are
.