Cullowhee VA Loan Rates, Closing Costs & Stats

Cullowhee, 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.

    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 7.08% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

    Cullowhee's average VA mortgage closing costs are $6,339.

    The average rate for the prior week (2025-04-04) was 6.72% and one month ago for the week of 2025-03-07, the average rate was 6.71%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.49%.

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

    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 .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cullowhee (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 $349,900 (7.0%) $635,275 (8.7%) 0.00 822
    2018-02-01 $350,000 (5.0%) $643,226 (9.5%) 0.00 811
    2018-03-01 $350,000 (0.3%) $646,393 (7.9%) 0.00 817
    2018-04-01 $369,500 (2.9%) $643,586 (4.6%) 0.00 844
    2018-05-01 $377,750 (3.3%) $642,484 (1.8%) 0.00 880
    2018-06-01 $381,950 (3.2%) $648,836 (2.0%) 0.00 935
    2018-07-01 $379,575 (1.2%) $640,208 (0.4%) 0.00 971
    2018-08-01 $385,000 (1.9%) $650,428 (2.7%) 0.00 963
    2018-09-01 $379,900 (-1.3%) $655,584 (2.6%) 0.00 955
    2018-10-01 $379,450 (0.0%) $659,179 (3.2%) 0.00 953
    2018-11-01 $387,000 (2.5%) $662,683 (4.7%) 0.00 894
    2018-12-01 $396,500 (7.2%) $648,059 (1.8%) 0.00 845
    2019-01-01 $385,000 (10.0%) $647,806 (2.0%) 0.00 749
    2019-02-01 $385,000 (10.0%) $647,125 (0.6%) 0.00 749
    2019-03-01 $389,264 (11.2%) $658,362 (1.9%) 0.00 767
    2019-04-01 $396,975 (7.4%) $667,159 (3.7%) 0.00 797
    2019-05-01 $397,250 (5.2%) $661,091 (2.9%) 0.00 880
    2019-06-01 $395,000 (3.4%) $647,419 (-0.2%) 0.00 916
    2019-07-01 $387,475 (2.1%) $634,235 (-0.9%) 0.00 917
    2019-08-01 $386,091 (0.3%) $637,883 (-1.9%) 0.00 904
    2019-09-01 $387,727 (2.1%) $638,923 (-2.5%) 0.00 883
    2019-10-01 $394,000 (3.8%) $642,772 (-2.5%) 0.00 866
    2019-11-01 $399,000 (3.1%) $656,755 (-0.9%) 0.00 799
    2019-12-01 $379,900 (-4.2%) $636,326 (-1.8%) 0.00 772
    2020-01-01 $374,000 (-2.9%) $613,756 (-5.3%) 0.00 704
    2020-02-01 $395,000 (2.6%) $640,753 (-1.0%) 0.00 624
    2020-03-01 $416,375 (7.0%) $661,633 (0.5%) 0.00 641
    2020-04-01 $419,225 (5.6%) $683,877 (2.5%) 0.00 658
    2020-05-01 $425,000 (7.0%) $699,943 (5.9%) 0.00 664
    2020-06-01 $442,000 (11.9%) $727,829 (12.4%) 0.00 637
    2020-07-01 $419,000 (8.1%) $750,930 (18.4%) 0.00 574
    2020-08-01 $425,000 (10.1%) $758,279 (18.9%) 0.00 488
    2020-09-01 $427,975 (10.4%) $756,658 (18.4%) 0.00 424
    2020-10-01 $474,900 (20.5%) $780,625 (21.5%) 0.00 414
    2020-11-01 $511,175 (28.1%) $828,521 (26.2%) 0.00 383
    2020-12-01 $549,913 (44.8%) $875,873 (37.7%) 0.00 355
    2021-01-01 $557,000 (48.9%) $892,664 (45.4%) 0.00 301
    2021-02-01 $529,500 (34.1%) $925,116 (44.4%) 0.00 270
    2021-03-01 $581,000 (39.5%) $957,446 (44.7%) 0.00 248
    2021-04-01 $570,925 (36.2%) $988,120 (44.5%) 0.00 246
    2021-05-01 $579,000 (36.2%) $999,256 (42.8%) 0.00 257
    2021-06-01 $589,000 (33.3%) $1,021,742 (40.4%) 0.00 290
    2021-07-01 $625,000 (49.2%) $1,046,271 (39.3%) 0.00 308
    2021-08-01 $598,000 (40.7%) $1,019,110 (34.4%) 0.00 301
    2021-09-01 $621,500 (45.2%) $1,048,372 (38.6%) 0.00 286
    2021-10-01 $662,450 (39.5%) $1,172,707 (50.2%) 0.00 263
    2021-11-01 $671,500 (31.4%) $1,172,827 (41.6%) 0.00 243
    2021-12-01 $672,000 (22.2%) $1,215,616 (38.8%) 0.00 220
    2022-01-01 $671,450 (20.6%) $1,272,964 (42.6%) 0.00 181
    2022-02-01 $698,500 (31.9%) $1,370,268 (48.1%) 0.00 172
    2022-03-01 $681,075 (17.2%) $1,296,191 (35.4%) 0.00 172
    2022-04-01 $662,500 (16.0%) $1,327,270 (34.3%) 0.00 190
    2022-05-01 $640,950 (10.7%) $1,262,771 (26.4%) 0.00 214
    2022-06-01 $675,000 (14.6%) $1,295,427 (26.8%) 0.00 271
    2022-07-01 $635,000 (1.6%) $1,270,360 (21.4%) 0.00 306
    2022-08-01 $627,250 (4.9%) $1,203,245 (18.1%) 0.00 317
    2022-09-01 $620,850 (-0.1%) $1,114,783 (6.3%) 0.00 319
    2022-10-01 $602,000 (-9.1%) $1,085,158 (-7.5%) 0.00 338
    2022-11-01 $667,000 (-0.7%) $1,176,142 (0.3%) 0.00 306
    2022-12-01 $695,000 (3.4%) $1,202,026 (-1.1%) 0.00 272
    2023-01-01 $693,625 (3.3%) $1,187,861 (-6.7%) 0.00 229
    2023-02-01 $718,875 (2.9%) $1,198,482 (-12.5%) 0.00 220
    2023-03-01 $763,500 (12.1%) $1,243,991 (-4.0%) 0.00 213
    2023-04-01 $749,000 (13.1%) $1,288,004 (-3.0%) 0.00 237
    2023-05-01 $767,225 (19.7%) $1,344,482 (6.5%) 0.00 271
    2023-06-01 $801,075 (18.7%) $1,391,106 (7.4%) 0.00 306
    2023-07-01 $794,000 (25.0%) $1,423,792 (12.1%) 0.00 334
    2023-08-01 $783,000 (24.8%) $1,448,926 (20.4%) 0.00 326
    2023-09-01 $754,500 (21.5%) $1,385,886 (24.3%) 0.00 325
    2023-10-01 $749,500 (24.5%) $1,340,786 (23.6%) 0.00 347
    2023-11-01 $702,249 (5.3%) $1,319,523 (12.2%) 0.00 336
    2023-12-01 $699,000 (0.6%) $1,292,062 (7.5%) 0.00 331
    2024-01-01 $699,000 (0.8%) $1,261,375 (6.2%) 0.00 287
    2024-02-01 $647,225 (-10.0%) $1,242,453 (3.7%) 0.00 284
    2024-03-01 $649,700 (-14.9%) $1,235,809 (-0.7%) 0.00 300
    2024-04-01 $695,000 (-7.2%) $1,292,611 (0.4%) 0.00 332
    2024-05-01 $752,500 (-1.9%) $1,274,869 (-5.2%) 0.00 352
    2024-06-01 $749,000 (-6.5%) $1,309,403 (-5.9%) 0.00 392
    2024-07-01 $699,000 (-12.0%) $1,346,284 (-5.4%) 0.00 390
    2024-08-01 $750,000 (-4.2%) $1,378,660 (-4.9%) 0.00 408
    2024-09-01 $795,000 (5.4%) $1,389,078 (0.2%) 0.00 413
    2024-10-01 $784,000 (4.6%) $1,390,865 (3.7%) 0.00 398
    2024-11-01 $754,500 (7.4%) $1,317,550 (-0.2%) 0.00 384
    2024-12-01 $749,000 (7.2%) $1,280,190 (-0.9%) 0.00 353
    Cullowhee's median listing price for 2024-12-01 was $749,000, a difference of $50,000 (7.2%) versus the prior year and $-5,500 versus the prior month.

    Cullowhee's median listing price comes in at 0% of the national average.

    Cullowhee's average listing price for 2024-12-01 was $1,280,190, a difference of $-11,872 (-0.9%) versus the prior year and $-37,360 versus the prior month.

    For the 2024-12-01 period, Cullowhee had 353 MLS listings, a difference of -31 listings (-8%) versus the prior month and 22 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cullowhee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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 2,250 sqft
    2018-08-01 0 days 2,250 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 2,250 sqft
    2019-03-01 0 days 2,230 sqft
    2019-04-01 0 days 2,248 sqft
    2019-05-01 0 days 2,250 sqft
    2019-06-01 0 days 2,250 sqft
    2019-07-01 0 days 2,167 sqft
    2019-08-01 0 days 2,194 sqft
    2019-09-01 0 days 2,146 sqft
    2019-10-01 0 days 2,119 sqft
    2019-11-01 0 days 2,090 sqft
    2019-12-01 0 days 2,020 sqft
    2020-01-01 0 days 1,934 sqft
    2020-02-01 0 days 2,117 sqft
    2020-03-01 0 days 2,109 sqft
    2020-04-01 0 days 2,012 sqft
    2020-05-01 0 days 1,937 sqft
    2020-06-01 0 days 1,842 sqft
    2020-07-01 0 days 1,891 sqft
    2020-08-01 0 days 1,827 sqft
    2020-09-01 0 days 1,845 sqft
    2020-10-01 0 days 1,858 sqft
    2020-11-01 0 days 1,884 sqft
    2020-12-01 0 days 1,877 sqft
    2021-01-01 0 days 1,916 sqft
    2021-02-01 0 days 1,879 sqft
    2021-03-01 0 days 1,936 sqft
    2021-04-01 0 days 1,899 sqft
    2021-05-01 0 days 1,900 sqft
    2021-06-01 0 days 1,903 sqft
    2021-07-01 0 days 1,984 sqft
    2021-08-01 0 days 1,981 sqft
    2021-09-01 0 days 1,903 sqft
    2021-10-01 0 days 1,897 sqft
    2021-11-01 0 days 1,867 sqft
    2021-12-01 0 days 1,790 sqft
    2022-01-01 0 days 1,700 sqft
    2022-02-01 0 days 1,773 sqft
    2022-03-01 0 days 1,863 sqft
    2022-04-01 0 days 1,750 sqft
    2022-05-01 0 days 1,756 sqft
    2022-06-01 0 days 1,867 sqft
    2022-07-01 0 days 1,896 sqft
    2022-08-01 0 days 2,056 sqft
    2022-09-01 0 days 2,055 sqft
    2022-10-01 0 days 1,922 sqft
    2022-11-01 0 days 1,911 sqft
    2022-12-01 0 days 1,922 sqft
    2023-01-01 0 days 1,808 sqft
    2023-02-01 0 days 1,808 sqft
    2023-03-01 0 days 1,941 sqft
    2023-04-01 0 days 1,840 sqft
    2023-05-01 0 days 1,824 sqft
    2023-06-01 0 days 1,896 sqft
    2023-07-01 0 days 2,066 sqft
    2023-08-01 0 days 2,070 sqft
    2023-09-01 0 days 2,026 sqft
    2023-10-01 0 days 1,953 sqft
    2023-11-01 0 days 1,933 sqft
    2023-12-01 0 days 1,881 sqft
    2024-01-01 0 days 1,844 sqft
    2024-02-01 0 days 1,792 sqft
    2024-03-01 0 days 1,766 sqft
    2024-04-01 0 days 1,792 sqft
    2024-05-01 0 days 1,800 sqft
    2024-06-01 0 days 1,820 sqft
    2024-07-01 0 days 1,830 sqft
    2024-08-01 0 days 1,817 sqft
    2024-09-01 0 days 1,832 sqft
    2024-10-01 0 days 1,812 sqft
    2024-11-01 0 days 1,701 sqft
    2024-12-01 0 days 1,671 sqft
    Cullowhee's median listing age (time on market) for 2024-12-01 was 0 days.

    Cullowhee's median square footage for active listings during the 2024-12-01 period was 1,671 sqft. One year prior, the average listing was 1,881 sqft.

    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.