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 108 lenders originated 514 VA loans during 2023. The total origination value was $195,680,000, with an average VA loan value of $380,700.

    Durham VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Durham averaged 6.19% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Durham's average VA mortgage closing costs are $6,156.

    The average rate for the prior week (2025-02-07) was 6.22% and one month ago for the week of 2025-01-10, the average rate was 6.36%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.65%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 69 6.69% $7,681
    QUICKEN LOANS, LLC 32 6.06% $14,230
    NAVY FEDERAL CREDIT UNION 30 5.70% $6,239
    UNITED WHOLESALE MORTGAGE, LLC 29 6.15% $14,546
    LOANDEPOT.COM, LLC 24 6.11% $8,629
    FREEDOM MORTGAGE CORPORATION 16 6.52% $10,247
    USAA Federal Savings Bank 14 6.38% $8,404
    MOVEMENT MORTGAGE, LLC 13 6.34% $8,470
    PENNYMAC LOAN SERVICES, LLC 12 5.70% $14,181
    Mr. Cooper ( Nationstar Mortgage ) 8 5.61% $21,824
    Truist 7 6.00% $10,323
    INTERCOASTAL MORTGAGE COMPANY 7 6.63% $11,098
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.65% $3,101
    NEW DAY FINANCIAL, LLC 6 7.29% $16,402
    Mid-Continent Funding, Inc. 6 5.98% $12,879
    UNION HOME MORTGAGE CORP. 6 6.69% $12,103
    Corporate Investors Mortgage Group, Inc. 6 6.69% $11,382
    Wells Fargo Bank 5 5.53% $11,049
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.85% $7,198
    VELOCIO MORTGAGE L.L.C. 5 6.15% $11,819
    American Security Mortgage Corp. 5 6.53% $12,415
    The Federal Savings Bank 5 6.43% $17,419
    LOANPAL, LLC 4 5.63% $17,200
    BROKER SOLUTIONS, INC. 4 6.94% $21,706
    NBKC BANK 4 5.91% $7,068
    NEWREZ LLC 4 6.37% $10,530
    PENTAGON FEDERAL CREDIT UNION 4 5.84% $11,831
    GoPrime Mortgage, Inc. 4 6.25% $8,890
    GUARANTEED RATE, INC. 4 6.63% $1,067
    CROSSCOUNTRY MORTGAGE, LLC 4 6.41% $14,184
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.38% $9,582
    FIRST HOME MORTGAGE CORPORATION 3 6.08% $9,687
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.29% $6,286
    North State Bank 3 5.71% $3,364
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.25% $6,501
    Ameris Bank 3 6.00% $12,550
    DHI MORTGAGE COMPANY, LTD. 3 5.16% $7,327
    EAGLE HOME MORTGAGE, LLC 3 5.96% $4,899
    CMG MORTGAGE, INC. 3 6.08% $17,834
    ZILLOW HOME LOANS, LLC 3 6.96% $7,945
    AMERISAVE MORTGAGE CORPORATION 3 6.17% $9,799
    SUN WEST MORTGAGE COMPANY, INC. 3 6.21% $4,326
    Capital Bank 2 6.50% $8,319
    CORNERSTONE HOME LENDING, INC. 2 6.25% $6,126
    First Heritage Mortgage, LLC 2 6.81% $7,682
    Magnolia Bank 2 7.56% $10,348
    NFM, INC. 2 6.94% $22,407
    Barrington Bank & Trust Company, N.A. 2 6.50% $8,107
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.00% $7,919
    T2 FINANCIAL LLC 2 6.50% $10,495
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.19% $9,355
    CARDINAL FINANCIAL 2 6.44% $9,912
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.25% $7,243
    Towne Mortgage of the Carolinas, LLC 2 6.06% $13,475
    RELIANCE FIRST CAPITAL, LLC 2 6.94% $11,477
    Flagstar Bank, FSB 2 6.63% $6,580
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.13% $3,893
    Plains Commerce Bank 2 6.38% $11,613
    Paramount Residential Mortgage Group, Inc. 2 5.69% $6,252
    VILLAGE CAPITAL MORTGAGE 2 6.50% $20,722
    TOP FLITE FINANCIAL, INC. 1 7.25% $45,385
    ALLIED MORTGAGE GROUP, INC. 1 6.50% $5,105
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $17,493
    American Mortgage & Equity Consultants, Inc. 1 5.75% $2,683
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $28,740
    AmRes Corporation 1 5.63% $5,444
    Blue Ridge Bank 1 5.50% $4,236
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $21,433
    CAPITAL CENTER, L.L.C. 1 5.63% $2,704
    CHURCHILL MORTGAGE CORPORATION 1 5.63% $11,618
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $10,525
    CONTOUR MORTGAGE CORPORATION 1 5.25% $20,432
    EMM LOANS LLC 1 5.88% $9,128
    EQUITY RESOURCES, INC. 1 6.99% $575
    First-Citizens Bank & Trust Company 1 6.38% $3,714
    FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $5,723
    First National Bank of Pennsylvania 1 6.38% $7,415
    GSF Mortgage Corporation 1 5.88% $4,609
    GUILD MORTGAGE COMPANY 1 4.75% $11,370
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $8,215
    HOMESIDE FINANCIAL, LLC 1 8.25% $4,119
    HOMESPIRE MORTGAGE CORPORATION 1 6.88% $3,778
    HUNT MORTGAGE CORPORATION 1 6.50% $11,456
    KBHS HOME LOANS, LLC 1 4.50% $15,340
    LADERA LENDING, INC. 1 6.75% $7,134
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $14,989
    MDE Home Loans, LLC 1 6.25% $1,196
    MICHIGAN MUTUAL, INC. 1 5.38% $23,019
    M/I FINANCIAL, LLC 1 6.25% $11,170
    MILEND, INC. 1 7.25% $17,447
    MORTGAGEONE, INC. 1 7.75% $45
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $3,462
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $25,615
    Northpointe Bank 1 6.75% $2,911
    NTFN, INC. 1 6.13% $16,056
    NVR Mortgage Finance, Inc. 1 5.63% $18,013
    PLANET HOME LENDING, LLC 1 5.63% $7,064
    PLAZA HOME MORTGAGE, INC. 1 5.75% $3,829
    Prosperity Home Mortgage, LLC 1 5.75% $6,036
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 7.25% $4,526
    RESOURCE FINANCIAL SERVICES, INC. 1 6.38% $6,848
    Shamrock Home Loans, Inc. 1 6.50% $2,570
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $4,417
    The Central Trust Bank 1 5.50% $9,037
    ACADEMY MORTGAGE CORPORATION 1 6.25% $16,171
    Towne Bank 1 4.88% $11,435
    United Community Bank 1 5.25% $16,586
    VERITAS FUNDING, LLC 1 5.75% $15,694

    The top Durham VA lender as defined by loan originations is Mortgage Research Center, LLC, with 69 VA loans originated. Their average total fees are $7,681, which is $6,549 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Durham VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,239), Mortgage Research Center, LLC ($7,681), USAA Federal Savings Bank ($8,404), MOVEMENT MORTGAGE, LLC ($8,470) and LOANDEPOT.COM, LLC ($8,629).

    The lowest rate Durham VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.70%), NAVY FEDERAL CREDIT UNION (5.70%), QUICKEN LOANS, LLC (6.06%), LOANDEPOT.COM, LLC (6.11%) and UNITED WHOLESALE MORTGAGE, LLC (6.15%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Durham (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 $387,000 (9.8%) $489,698 (11.7%) 1.40 1,249
    2018-02-01 $399,950 (9.1%) $500,519 (12.1%) 1.42 1,227
    2018-03-01 $400,000 (6.8%) $500,578 (9.2%) 1.39 1,412
    2018-04-01 $410,000 (3.7%) $513,255 (6.8%) 1.36 1,460
    2018-05-01 $409,857 (2.5%) $526,113 (7.6%) 1.33 1,509
    2018-06-01 $400,000 (0.0%) $518,234 (6.6%) 1.30 1,578
    2018-07-01 $397,653 (-0.3%) $500,712 (2.3%) 1.28 1,665
    2018-08-01 $390,000 (-1.2%) $492,937 (1.6%) 1.27 1,695
    2018-09-01 $389,900 (-0.3%) $491,431 (0.9%) 1.28 1,739
    2018-10-01 $388,097 (0.2%) $488,928 (0.4%) 1.28 1,764
    2018-11-01 $387,350 (-0.4%) $483,224 (-1.1%) 1.27 1,700
    2018-12-01 $384,500 (-0.1%) $481,248 (-1.7%) 1.29 1,555
    2019-01-01 $375,000 (-3.1%) $470,197 (-4.0%) 1.24 1,409
    2019-02-01 $385,000 (-3.7%) $482,149 (-3.7%) 1.27 1,366
    2019-03-01 $402,571 (0.6%) $498,873 (-0.3%) 1.27 1,459
    2019-04-01 $416,400 (1.6%) $510,118 (-0.6%) 1.27 1,556
    2019-05-01 $407,232 (-0.6%) $501,658 (-4.7%) 1.25 1,619
    2019-06-01 $408,500 (2.1%) $494,705 (-4.5%) 1.25 1,739
    2019-07-01 $401,500 (1.0%) $485,074 (-3.1%) 1.24 1,793
    2019-08-01 $395,836 (1.5%) $475,834 (-3.5%) 1.21 1,827
    2019-09-01 $389,741 (0.0%) $470,392 (-4.3%) 1.20 1,840
    2019-10-01 $385,000 (-0.8%) $466,215 (-4.7%) 1.19 1,846
    2019-11-01 $389,000 (0.4%) $465,925 (-3.6%) 1.22 1,741
    2019-12-01 $394,970 (2.7%) $468,302 (-2.7%) 1.27 1,552
    2020-01-01 $399,000 (6.4%) $473,307 (0.7%) 1.29 1,362
    2020-02-01 $414,900 (7.8%) $486,313 (0.9%) 1.31 1,274
    2020-03-01 $429,500 (6.7%) $512,293 (2.7%) 1.30 1,303
    2020-04-01 $405,475 (-2.6%) $489,534 (-4.0%) 1.24 1,352
    2020-05-01 $415,900 (2.1%) $489,831 (-2.4%) 1.21 1,366
    2020-06-01 $423,750 (3.7%) $513,354 (3.8%) 1.23 1,281
    2020-07-01 $429,765 (7.0%) $519,223 (7.0%) 1.21 1,212
    2020-08-01 $433,946 (9.6%) $524,700 (10.3%) 1.20 1,124
    2020-09-01 $435,000 (11.6%) $539,608 (14.7%) 1.20 1,037
    2020-10-01 $438,944 (14.0%) $555,737 (19.2%) 1.19 988
    2020-11-01 $435,874 (12.1%) $555,188 (19.2%) 1.19 943
    2020-12-01 $431,105 (9.2%) $567,478 (21.2%) 1.22 836
    2021-01-01 $425,000 (6.5%) $556,636 (17.6%) 1.19 715
    2021-02-01 $429,975 (3.6%) $579,381 (19.1%) 1.20 570
    2021-03-01 $436,201 (1.6%) $580,401 (13.3%) 1.22 540
    2021-04-01 $461,950 (13.9%) $620,691 (26.8%) 1.24 481
    2021-05-01 $450,000 (8.2%) $605,127 (23.5%) 1.18 452
    2021-06-01 $449,875 (6.2%) $615,849 (20.0%) 1.16 505
    2021-07-01 $449,900 (4.7%) $602,528 (16.0%) 1.16 570
    2021-08-01 $452,500 (4.3%) $597,296 (13.8%) 1.19 603
    2021-09-01 $455,000 (4.6%) $599,437 (11.1%) 1.20 640
    2021-10-01 $470,222 (7.1%) $616,541 (10.9%) 1.25 652
    2021-11-01 $461,485 (5.9%) $609,447 (9.8%) 1.21 595
    2021-12-01 $470,788 (9.2%) $623,467 (9.9%) 1.25 533
    2022-01-01 $469,950 (10.6%) $643,558 (15.6%) 1.24 454
    2022-02-01 $478,500 (11.3%) $662,585 (14.4%) 1.23 356
    2022-03-01 $491,200 (12.6%) $706,014 (21.6%) 1.19 371
    2022-04-01 $495,000 (7.2%) $689,032 (11.0%) 1.16 405
    2022-05-01 $501,971 (11.6%) $711,018 (17.5%) 1.13 566
    2022-06-01 $502,090 (11.6%) $689,398 (11.9%) 1.11 743
    2022-07-01 $501,716 (11.5%) $669,399 (11.1%) 1.12 929
    2022-08-01 $499,000 (10.3%) $666,112 (11.5%) 1.14 1,026
    2022-09-01 $465,019 (2.2%) $630,481 (5.2%) 1.08 1,149
    2022-10-01 $468,000 (-0.5%) $648,560 (5.2%) 1.09 1,237
    2022-11-01 $471,250 (2.1%) $665,893 (9.3%) 1.12 1,183
    2022-12-01 $460,950 (-2.1%) $670,518 (7.6%) 1.13 1,058
    2023-01-01 $472,945 (0.6%) $681,681 (5.9%) 1.16 898
    2023-02-01 $496,200 (3.7%) $719,374 (8.6%) 1.18 835
    2023-03-01 $529,725 (7.8%) $749,811 (6.2%) 1.23 828
    2023-04-01 $550,000 (11.1%) $762,299 (10.6%) 1.26 836
    2023-05-01 $542,475 (8.1%) $775,170 (9.0%) 1.21 866
    2023-06-01 $542,000 (8.0%) $774,283 (12.3%) 1.19 909
    2023-07-01 $549,000 (9.4%) $781,999 (16.8%) 1.22 926
    2023-08-01 $543,535 (8.9%) $774,625 (16.3%) 1.22 948
    2023-09-01 $500,000 (7.5%) $750,009 (19.0%) 1.16 1,063
    2023-10-01 $499,000 (6.6%) $748,254 (15.4%) 1.17 1,134
    2023-11-01 $497,450 (5.6%) $739,773 (11.1%) 1.17 1,098
    2023-12-01 $480,000 (4.1%) $727,317 (8.5%) 1.16 1,025
    2024-01-01 $489,675 (3.5%) $753,167 (10.5%) 1.17 883
    2024-02-01 $498,113 (0.4%) $760,821 (5.8%) 1.19 897
    2024-03-01 $529,000 (-0.1%) $780,620 (4.1%) 1.24 930
    2024-04-01 $533,378 (-3.0%) $787,269 (3.3%) 1.22 1,024
    2024-05-01 $542,000 (-0.1%) $797,885 (2.9%) 1.22 1,072
    2024-06-01 $525,000 (-3.1%) $757,387 (-2.2%) 1.18 1,160
    2024-07-01 $525,000 (-4.4%) $749,688 (-4.1%) 1.18 1,197
    2024-08-01 $515,000 (-5.3%) $739,634 (-4.5%) 1.16 1,245
    2024-09-01 $518,080 (3.6%) $737,637 (-1.7%) 1.18 1,302
    2024-10-01 $499,900 (0.2%) $729,561 (-2.5%) 1.16 1,350
    2024-11-01 $485,000 (-2.5%) $718,042 (-2.9%) 1.15 1,353
    2024-12-01 $477,000 (-0.6%) $699,035 (-3.9%) 1.16 1,205
    2025-01-01 $474,450 (-3.1%) $706,131 (-6.3%) 0.00 1,111
    Durham's median listing price for 2025-01-01 was $474,450, a difference of $-15,225 (-3.1%) versus the prior year and $-2,550 versus the prior month.

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

    Durham's average listing price for 2025-01-01 was $706,131, a difference of $-47,036 (-6.3%) versus the prior year and $7,096 versus the prior month.

    For the 2025-01-01 period, Durham had 1,111 MLS listings, a difference of -94 listings (-8%) versus the prior month and 228 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Durham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,442 sqft
    2018-02-01 72 days 2,468 sqft
    2018-03-01 44 days 2,478 sqft
    2018-04-01 47 days 2,504 sqft
    2018-05-01 50 days 2,493 sqft
    2018-06-01 51 days 2,458 sqft
    2018-07-01 53 days 2,458 sqft
    2018-08-01 56 days 2,413 sqft
    2018-09-01 66 days 2,376 sqft
    2018-10-01 68 days 2,367 sqft
    2018-11-01 75 days 2,327 sqft
    2018-12-01 82 days 2,297 sqft
    2019-01-01 89 days 2,238 sqft
    2019-02-01 79 days 2,294 sqft
    2019-03-01 57 days 2,354 sqft
    2019-04-01 47 days 2,406 sqft
    2019-05-01 47 days 2,401 sqft
    2019-06-01 50 days 2,339 sqft
    2019-07-01 56 days 2,263 sqft
    2019-08-01 59 days 2,242 sqft
    2019-09-01 62 days 2,247 sqft
    2019-10-01 65 days 2,250 sqft
    2019-11-01 68 days 2,286 sqft
    2019-12-01 79 days 2,238 sqft
    2020-01-01 82 days 2,200 sqft
    2020-02-01 72 days 2,251 sqft
    2020-03-01 48 days 2,354 sqft
    2020-04-01 49 days 2,217 sqft
    2020-05-01 56 days 2,218 sqft
    2020-06-01 58 days 2,321 sqft
    2020-07-01 52 days 2,332 sqft
    2020-08-01 50 days 2,300 sqft
    2020-09-01 52 days 2,363 sqft
    2020-10-01 51 days 2,300 sqft
    2020-11-01 49 days 2,288 sqft
    2020-12-01 53 days 2,236 sqft
    2021-01-01 58 days 2,205 sqft
    2021-02-01 38 days 2,204 sqft
    2021-03-01 25 days 2,160 sqft
    2021-04-01 25 days 2,214 sqft
    2021-05-01 19 days 2,116 sqft
    2021-06-01 16 days 2,074 sqft
    2021-07-01 22 days 2,056 sqft
    2021-08-01 27 days 2,056 sqft
    2021-09-01 28 days 2,043 sqft
    2021-10-01 29 days 2,106 sqft
    2021-11-01 31 days 1,998 sqft
    2021-12-01 39 days 1,946 sqft
    2022-01-01 52 days 1,903 sqft
    2022-02-01 38 days 1,887 sqft
    2022-03-01 17 days 1,959 sqft
    2022-04-01 15 days 1,998 sqft
    2022-05-01 16 days 2,004 sqft
    2022-06-01 18 days 2,035 sqft
    2022-07-01 24 days 2,061 sqft
    2022-08-01 32 days 2,080 sqft
    2022-09-01 44 days 2,040 sqft
    2022-10-01 50 days 2,069 sqft
    2022-11-01 58 days 2,086 sqft
    2022-12-01 69 days 2,070 sqft
    2023-01-01 74 days 2,080 sqft
    2023-02-01 61 days 2,137 sqft
    2023-03-01 45 days 2,226 sqft
    2023-04-01 42 days 2,236 sqft
    2023-05-01 39 days 2,179 sqft
    2023-06-01 40 days 2,133 sqft
    2023-07-01 44 days 2,178 sqft
    2023-08-01 44 days 2,200 sqft
    2023-09-01 43 days 2,161 sqft
    2023-10-01 47 days 2,158 sqft
    2023-11-01 52 days 2,117 sqft
    2023-12-01 64 days 2,025 sqft
    2024-01-01 61 days 2,015 sqft
    2024-02-01 44 days 2,013 sqft
    2024-03-01 37 days 2,153 sqft
    2024-04-01 39 days 2,143 sqft
    2024-05-01 37 days 2,183 sqft
    2024-06-01 38 days 2,139 sqft
    2024-07-01 48 days 2,093 sqft
    2024-08-01 51 days 2,075 sqft
    2024-09-01 53 days 2,084 sqft
    2024-10-01 52 days 2,041 sqft
    2024-11-01 56 days 2,012 sqft
    2024-12-01 65 days 1,975 sqft
    2025-01-01 0 days 1,943 sqft
    Durham's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Durham's median square footage for active listings during the 2025-01-01 period was 1,943 sqft. One year prior, the average listing was 2,015 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.