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 21 lenders originated 43 VA loans during 2022. The total origination value was $12,905,000, with an average VA loan value of $300,116.
Cullowhee VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Cullowhee
averaged
-0.56%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Cullowhee's average VA mortgage closing costs are $5,496.
The average rate for the prior week (2023-11-17) was
6.58% and
one month ago for the week of 2023-10-20, the
average rate was 6.71%.
The average rate one year ago was 6.03%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.63%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
Mortgage Research Center, LLC | 8 | 4.80% | $5,418 |
QUICKEN LOANS, LLC | 4 | 4.47% | $11,539 |
The Federal Savings Bank | 3 | 5.25% | $12,584 |
HOMESTAR FINANCIAL CORPORATION | 2 | 5.63% | $4,560 |
PENNYMAC LOAN SERVICES, LLC | 2 | 3.56% | $6,929 |
CARDINAL FINANCIAL | 2 | 4.25% | $17,330 |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 2 | 5.69% | $19,713 |
FREEDOM MORTGAGE CORPORATION | 2 | 3.31% | $1,894 |
South State Bank | 1 | 4.50% | $4,346 |
TOP FLITE FINANCIAL, INC. | 1 | 4.75% | $24,597 |
Truist | 1 | 5.00% | $17,285 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 3.00% | $1,354 |
AMERICAN FINANCING CORPORATION | 1 | 2.50% | $17,074 |
VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 5.88% | $0 |
Barrington Bank & Trust Company, N.A. | 1 | 3.25% | $2,775 |
First Internet Bank of Indiana | 1 | 5.75% | $3,164 |
LOANDEPOT.COM, LLC | 1 | 2.88% | $16,433 |
MOVEMENT MORTGAGE, LLC | 1 | 5.75% | $11,889 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 3.25% | $572 |
NAVY FEDERAL CREDIT UNION | 1 | 4.50% | $3,437 |
NEW DAY FINANCIAL, LLC | 1 | 3.49% | $21,805 |
The top Cullowhee VA lender as defined by loan originations is Mortgage Research Center, LLC, with
8 VA loans originated. Their average total fees are
$5,418, which is $6,121
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Cullowhee VA lenders (with over 10 loans originated) are
.
The lowest rate Cullowhee VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cullowhee (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $349,900 (7.7%) | $631,360 (9.0%) | 0.00 | 818 |
2018-02-01 | $353,950 (7.4%) | $639,199 (9.7%) | 0.00 | 806 |
2018-03-01 | $359,000 (3.5%) | $643,866 (8.4%) | 0.00 | 812 |
2018-04-01 | $370,725 (5.9%) | $639,951 (4.7%) | 0.00 | 841 |
2018-05-01 | $378,500 (4.4%) | $640,193 (1.9%) | 0.00 | 879 |
2018-06-01 | $381,950 (2.9%) | $647,865 (2.3%) | 0.00 | 935 |
2018-07-01 | $379,450 (1.2%) | $638,410 (0.6%) | 0.00 | 973 |
2018-08-01 | $385,000 (2.1%) | $648,481 (2.9%) | 0.00 | 966 |
2018-09-01 | $379,900 (-0.5%) | $653,651 (3.0%) | 0.00 | 959 |
2018-10-01 | $379,450 (0.5%) | $657,007 (3.5%) | 0.00 | 956 |
2018-11-01 | $387,000 (3.2%) | $660,543 (5.1%) | 0.00 | 898 |
2018-12-01 | $398,250 (8.1%) | $647,418 (2.3%) | 0.00 | 849 |
2019-01-01 | $385,000 (10.0%) | $649,705 (2.9%) | 0.00 | 754 |
2019-02-01 | $385,000 (8.8%) | $648,858 (1.5%) | 0.00 | 754 |
2019-03-01 | $390,143 (8.7%) | $659,852 (2.5%) | 0.00 | 773 |
2019-04-01 | $398,000 (7.4%) | $668,538 (4.5%) | 0.00 | 803 |
2019-05-01 | $399,000 (5.4%) | $662,424 (3.5%) | 0.00 | 886 |
2019-06-01 | $399,000 (4.5%) | $649,433 (0.2%) | 0.00 | 921 |
2019-07-01 | $391,950 (3.3%) | $636,339 (-0.3%) | 0.00 | 917 |
2019-08-01 | $385,886 (0.2%) | $638,418 (-1.6%) | 0.00 | 904 |
2019-09-01 | $387,216 (1.9%) | $638,879 (-2.3%) | 0.00 | 882 |
2019-10-01 | $393,375 (3.7%) | $642,482 (-2.2%) | 0.00 | 865 |
2019-11-01 | $398,000 (2.8%) | $656,699 (-0.6%) | 0.00 | 798 |
2019-12-01 | $379,450 (-4.7%) | $635,774 (-1.8%) | 0.00 | 772 |
2020-01-01 | $374,000 (-2.9%) | $613,242 (-5.6%) | 0.00 | 706 |
2020-02-01 | $395,000 (2.6%) | $641,038 (-1.2%) | 0.00 | 626 |
2020-03-01 | $414,975 (6.4%) | $663,172 (0.5%) | 0.00 | 642 |
2020-04-01 | $419,000 (5.3%) | $685,474 (2.5%) | 0.00 | 657 |
2020-05-01 | $425,000 (6.5%) | $700,745 (5.8%) | 0.00 | 662 |
2020-06-01 | $442,000 (10.8%) | $726,263 (11.8%) | 0.00 | 635 |
2020-07-01 | $418,000 (6.7%) | $748,259 (17.6%) | 0.00 | 573 |
2020-08-01 | $425,000 (10.1%) | $755,572 (18.4%) | 0.00 | 487 |
2020-09-01 | $425,000 (9.8%) | $748,551 (17.2%) | 0.00 | 420 |
2020-10-01 | $459,000 (16.7%) | $768,310 (19.6%) | 0.00 | 409 |
2020-11-01 | $492,450 (23.7%) | $818,296 (24.6%) | 0.00 | 373 |
2020-12-01 | $536,500 (41.4%) | $870,388 (36.9%) | 0.00 | 343 |
2021-01-01 | $549,875 (47.0%) | $885,596 (44.4%) | 0.00 | 291 |
2021-02-01 | $497,850 (26.0%) | $920,744 (43.6%) | 0.00 | 259 |
2021-03-01 | $557,163 (34.3%) | $953,965 (43.9%) | 0.00 | 240 |
2021-04-01 | $557,000 (32.9%) | $982,223 (43.3%) | 0.00 | 239 |
2021-05-01 | $574,900 (35.3%) | $991,045 (41.4%) | 0.00 | 248 |
2021-06-01 | $574,175 (29.9%) | $1,007,736 (38.8%) | 0.00 | 280 |
2021-07-01 | $599,900 (43.5%) | $1,023,047 (36.7%) | 0.00 | 300 |
2021-08-01 | $575,000 (35.3%) | $992,782 (31.4%) | 0.00 | 294 |
2021-09-01 | $599,000 (40.9%) | $1,025,658 (37.0%) | 0.00 | 280 |
2021-10-01 | $625,000 (36.2%) | $1,125,092 (46.4%) | 0.00 | 256 |
2021-11-01 | $647,000 (31.4%) | $1,123,348 (37.3%) | 0.00 | 235 |
2021-12-01 | $658,500 (22.7%) | $1,159,269 (33.2%) | 0.00 | 212 |
2022-01-01 | $625,000 (13.7%) | $1,208,470 (36.5%) | 0.00 | 175 |
2022-02-01 | $674,900 (35.6%) | $1,309,070 (42.2%) | 0.00 | 166 |
2022-03-01 | $664,950 (19.4%) | $1,248,861 (30.9%) | 0.00 | 167 |
2022-04-01 | $649,900 (16.7%) | $1,297,239 (32.1%) | 0.00 | 186 |
2022-05-01 | $632,000 (9.9%) | $1,246,366 (25.8%) | 0.00 | 211 |
2022-06-01 | $649,950 (13.2%) | $1,241,077 (23.2%) | 0.00 | 265 |
2022-07-01 | $631,950 (5.3%) | $1,247,479 (21.9%) | 0.00 | 301 |
2022-08-01 | $625,975 (8.9%) | $1,198,999 (20.8%) | 0.00 | 312 |
2022-09-01 | $617,250 (3.1%) | $1,111,791 (8.4%) | 0.00 | 316 |
2022-10-01 | $609,000 (-2.6%) | $1,089,535 (-3.2%) | 0.00 | 334 |
2022-11-01 | $669,435 (3.5%) | $1,180,551 (5.1%) | 0.00 | 305 |
2022-12-01 | $692,250 (5.1%) | $1,200,219 (3.5%) | 0.00 | 273 |
2023-01-01 | $693,625 (11.0%) | $1,187,524 (-1.7%) | 0.00 | 229 |
2023-02-01 | $717,188 (6.3%) | $1,195,383 (-8.7%) | 0.00 | 219 |
2023-03-01 | $757,250 (13.9%) | $1,242,741 (-0.5%) | 0.00 | 213 |
2023-04-01 | $749,000 (15.3%) | $1,289,803 (-0.6%) | 0.00 | 236 |
2023-05-01 | $769,700 (21.8%) | $1,354,551 (8.7%) | 0.00 | 269 |
2023-06-01 | $794,850 (22.3%) | $1,390,780 (12.1%) | 0.00 | 305 |
2023-07-01 | $791,000 (25.2%) | $1,421,099 (13.9%) | 0.00 | 333 |
2023-08-01 | $783,000 (25.1%) | $1,448,926 (20.8%) | 0.00 | 326 |
2023-09-01 | $754,500 (22.2%) | $1,385,886 (24.7%) | 0.00 | 325 |
2023-10-01 | $749,500 (23.1%) | $1,340,786 (23.1%) | 0.00 | 347 |
Cullowhee's median listing price comes in at 0% of the national average.
Cullowhee's average listing price for 2023-10-01 was $1,340,786, a difference of $251,251 (23.1%) versus the prior year and $-45,100 versus the prior month.
For the 2023-10-01 period, Cullowhee had 347 MLS listings, a difference of 22 listings (7%) versus the prior month and 13 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cullowhee (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,250 sqft |
2018-02-01 | 0 days | 2,250 sqft |
2018-03-01 | 0 days | 2,250 sqft |
2018-04-01 | 0 days | 2,250 sqft |
2018-05-01 | 0 days | 2,250 sqft |
2018-06-01 | 0 days | 2,250 sqft |
2018-07-01 | 0 days | 2,200 sqft |
2018-08-01 | 0 days | 2,246 sqft |
2018-09-01 | 0 days | 2,250 sqft |
2018-10-01 | 0 days | 2,250 sqft |
2018-11-01 | 0 days | 2,250 sqft |
2018-12-01 | 0 days | 2,250 sqft |
2019-01-01 | 0 days | 2,250 sqft |
2019-02-01 | 0 days | 2,214 sqft |
2019-03-01 | 0 days | 2,221 sqft |
2019-04-01 | 0 days | 2,250 sqft |
2019-05-01 | 0 days | 2,250 sqft |
2019-06-01 | 0 days | 2,250 sqft |
2019-07-01 | 0 days | 2,178 sqft |
2019-08-01 | 0 days | 2,194 sqft |
2019-09-01 | 0 days | 2,146 sqft |
2019-10-01 | 0 days | 2,123 sqft |
2019-11-01 | 0 days | 2,100 sqft |
2019-12-01 | 0 days | 2,031 sqft |
2020-01-01 | 0 days | 1,947 sqft |
2020-02-01 | 0 days | 2,137 sqft |
2020-03-01 | 0 days | 2,117 sqft |
2020-04-01 | 0 days | 2,058 sqft |
2020-05-01 | 0 days | 1,976 sqft |
2020-06-01 | 0 days | 1,866 sqft |
2020-07-01 | 0 days | 1,895 sqft |
2020-08-01 | 0 days | 1,827 sqft |
2020-09-01 | 0 days | 1,839 sqft |
2020-10-01 | 0 days | 1,850 sqft |
2020-11-01 | 0 days | 1,853 sqft |
2020-12-01 | 0 days | 1,870 sqft |
2021-01-01 | 0 days | 1,939 sqft |
2021-02-01 | 0 days | 1,894 sqft |
2021-03-01 | 0 days | 1,950 sqft |
2021-04-01 | 0 days | 1,914 sqft |
2021-05-01 | 0 days | 1,896 sqft |
2021-06-01 | 0 days | 1,878 sqft |
2021-07-01 | 0 days | 1,984 sqft |
2021-08-01 | 0 days | 2,021 sqft |
2021-09-01 | 0 days | 1,918 sqft |
2021-10-01 | 0 days | 1,908 sqft |
2021-11-01 | 0 days | 1,877 sqft |
2021-12-01 | 0 days | 1,812 sqft |
2022-01-01 | 0 days | 1,738 sqft |
2022-02-01 | 0 days | 1,832 sqft |
2022-03-01 | 0 days | 1,904 sqft |
2022-04-01 | 0 days | 1,751 sqft |
2022-05-01 | 0 days | 1,766 sqft |
2022-06-01 | 0 days | 1,885 sqft |
2022-07-01 | 0 days | 1,850 sqft |
2022-08-01 | 0 days | 1,951 sqft |
2022-09-01 | 0 days | 1,965 sqft |
2022-10-01 | 0 days | 1,900 sqft |
2022-11-01 | 0 days | 1,899 sqft |
2022-12-01 | 0 days | 1,861 sqft |
2023-01-01 | 0 days | 1,784 sqft |
2023-02-01 | 0 days | 1,812 sqft |
2023-03-01 | 0 days | 1,823 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,786 sqft |
2023-06-01 | 0 days | 1,783 sqft |
2023-07-01 | 0 days | 2,008 sqft |
2023-08-01 | 0 days | 2,056 sqft |
2023-09-01 | 0 days | 2,008 sqft |
2023-10-01 | 0 days | 1,943 sqft |
Cullowhee's median square footage for active listings during the 2023-10-01 period was 1,943 sqft. One year prior, the average listing was 1,900 sqft.