Durham VA Loan Rates, Closing Costs & Stats

DURHAM-CHAPEL HILL, 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.

    Durham's 104 lenders originated 690 VA loans during 2024. The total origination value was $273,670,000, with an average VA loan value of $396,623.

    Durham VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Durham averaged 0.14% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Durham's average VA mortgage closing costs are $6,481.

    The average rate for the prior week (2025-06-13) was 6.78% and one month ago for the week of 2025-05-16, the average rate was 6.64%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.41%.

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

    Durham 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 Durham level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 75 6.37% $7,934
    UNITED WHOLESALE MORTGAGE, LLC 65 5.79% $10,283
    QUICKEN LOANS, LLC 51 6.06% $13,693
    FREEDOM MORTGAGE CORPORATION 48 6.18% $8,884
    PENNYMAC LOAN SERVICES, LLC 32 5.62% $10,488
    NAVY FEDERAL CREDIT UNION 24 5.78% $6,585
    LOANDEPOT.COM, LLC 22 5.91% $12,432
    MOVEMENT MORTGAGE, LLC 19 6.44% $8,981
    NEW DAY FINANCIAL, LLC 18 7.61% $14,939
    USAA Federal Savings Bank 16 6.38% $9,075
    VILLAGE CAPITAL MORTGAGE 15 5.77% $7,405
    NEWREZ LLC 14 5.74% $11,012
    Corporate Investors Mortgage Group, Inc. 12 6.00% $10,450
    The Federal Savings Bank 11 6.15% $17,620
    First Heritage Mortgage, LLC 8 6.30% $8,682
    American Security Mortgage Corp. 8 6.38% $6,869
    GUARANTEED RATE, INC. 8 5.80% $3,229
    CROSSCOUNTRY MORTGAGE, LLC 7 6.87% $7,696
    DHI MORTGAGE COMPANY, LTD. 6 5.71% $2,496
    UNION HOME MORTGAGE CORP. 6 6.35% $7,572
    Truist 6 5.95% $5,204
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.48% $6,260
    Prosperity Home Mortgage, LLC 6 6.62% $3,874
    KBHS HOME LOANS, LLC 5 5.30% $7,706
    INTERCOASTAL MORTGAGE COMPANY 5 6.45% $6,507
    SUN WEST MORTGAGE COMPANY, INC. 5 5.85% $8,524
    ZILLOW HOME LOANS, LLC 5 6.10% $4,440
    Mid-Continent Funding, Inc. 5 6.10% $10,572
    CLEARPATH LENDING 5 5.62% $7,184
    Barrington Bank & Trust Company, N.A. 4 6.38% $6,497
    T2 FINANCIAL LLC 4 6.47% $16,036
    BROKER SOLUTIONS, INC. 4 6.15% $18,764
    CARDINAL FINANCIAL 4 6.44% $9,902
    Carrington Mortgage Services, LLC 4 5.94% $21,823
    SeaTrust Mortgage Company 4 6.03% $5,071
    VELOCIO MORTGAGE L.L.C. 4 5.24% $2,793
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.13% $7,432
    GUILD MORTGAGE COMPANY 4 6.19% $11,309
    FIRST HOME MORTGAGE CORPORATION 3 6.50% $7,559
    PENTAGON FEDERAL CREDIT UNION 3 5.88% $7,503
    PLAZA HOME MORTGAGE, INC. 3 6.20% $19,508
    CMG MORTGAGE, INC. 3 5.79% $4,693
    LAKEVIEW LOAN SERVICING, LLC 3 5.25% $2,498
    RELIANCE FIRST CAPITAL, LLC 3 6.42% $9,352
    Lakeview Community Capital, LLC 3 5.75% $4,030
    LOANPAL, LLC 3 5.46% $8,683
    The Central Trust Bank 3 6.54% $6,649
    The Loan Store, Inc. 3 6.46% $8,367
    EQUITY RESOURCES, INC. 3 6.67% $5,142
    EMM LOANS LLC 3 6.16% $13,687
    NBKC BANK 2 6.00% $7,412
    Credence Funding Corporation 2 5.94% $3,517
    EAGLE HOME MORTGAGE, LLC 2 5.88% $1,843
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.25% $1,845
    First-Citizens Bank & Trust Company 2 5.50% $18,035
    M/I FINANCIAL, LLC 2 6.19% $14,345
    NETWORK CAPITAL FUNDING CORPORATION 2 6.25% $16,011
    North American Savings Bank, F.S.B. 2 5.75% $13,280
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.25% $11,178
    PULTE MORTGAGE LLC 2 5.56% $8,685
    Texana Bank 2 6.81% $12,878
    UNIVERSITY Federal Credit Union 2 6.75% $4,648
    V.I.P. MORTGAGE, INC. 2 6.31% $9,342
    GENEVA FINANCIAL, LLC 1 5.63% $13,386
    Flagstar Bank, FSB 1 4.88% $4,250
    1ST SIGNATURE LENDING, LLC 1 7.13% $10,825
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $5,585
    First Western Trust Bank 1 6.13% $470
    Equity Prime Mortgage LLC 1 7.25% $15,612
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $9,591
    Northpointe Bank 1 6.75% $6,831
    North State Bank 1 6.63% $3,035
    Paramount Residential Mortgage Group, Inc. 1 7.00% $11,525
    Encompass Lending Group, LP 1 6.75% $11,202
    EMBRACE HOME LOANS, INC. 1 6.49% $8,905
    Plains Commerce Bank 1 6.25% $12,393
    CORNERSTONE HOME LENDING, INC. 1 6.25% $15,740
    VERITAS FUNDING, LLC 1 6.63% $18,360
    Cornerstone First Mortgage, Inc 1 5.75% $23,930
    Acre Mortgage and Financial Inc 1 5.99% $10,890
    CONTOUR MORTGAGE CORPORATION 1 6.13% $6,324
    CityWorth Mortgage LLC 1 5.88% $16,143
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $9,106
    SFMC, LP 1 6.63% $13,285
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.00% $2,889
    SUMMIT FUNDING, INC. 1 6.25% $25,872
    Capital City Home Loans, LLC 1 6.25% $9,624
    BAY EQUITY LLC 1 7.25% $2,107
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.63% $14,404
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $0
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $5,835
    AMERITRUST MORTGAGE CORPORATION 1 7.75% $2,348
    TOWNE MORTGAGE COMPANY 1 6.75% $11,719
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $27,187
    AmeriHome Mortgage Company, LLC 1 6.63% $6,155
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $8,190
    JMAC LENDING, INC. 1 6.25% $4,471
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $5,876
    JAMS-01, INC. 1 7.25% $25,949
    Wells Fargo Bank 1 5.75% $12,816
    MORTGAGEONE, INC. 1 6.13% $10,108
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.25% $2,719
    HOMESPIRE MORTGAGE CORPORATION 1 5.75% $6,209
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $10,987

    The top Durham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 75 VA loans originated. Their average total fees are $7,934, which is $2,348 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Durham VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,585), VILLAGE CAPITAL MORTGAGE ($7,405), Mortgage Research Center, LLC ($7,934), FREEDOM MORTGAGE CORPORATION ($8,884) and MOVEMENT MORTGAGE, LLC ($8,981).

    The lowest rate Durham VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.62%), NEWREZ LLC (5.74%), VILLAGE CAPITAL MORTGAGE (5.77%), NAVY FEDERAL CREDIT UNION (5.78%) and UNITED WHOLESALE MORTGAGE, LLC (5.79%).

    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.