Elizabeth City VA Loan Rates, Closing Costs & Stats

Elizabeth City, 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.

    Elizabeth City's 66 lenders originated 394 VA loans during 2024. The total origination value was $127,880,000, with an average VA loan value of $324,569.

    Elizabeth City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Elizabeth City averaged 6.74% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Elizabeth City's average VA mortgage closing costs are $6,264.

    The average rate for the prior week (2025-05-16) was 6.53% and one month ago for the week of 2025-04-18, the average rate was 6.5%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.47%.

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

    Elizabeth City 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 Elizabeth City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 69 6.38% $6,185
    NVR Mortgage Finance, Inc. 52 5.84% $6,617
    FREEDOM MORTGAGE CORPORATION 21 6.07% $8,854
    QUICKEN LOANS, LLC 21 6.20% $10,914
    UNITED WHOLESALE MORTGAGE, LLC 19 5.63% $7,150
    NAVY FEDERAL CREDIT UNION 14 5.93% $6,249
    PENNYMAC LOAN SERVICES, LLC 13 5.72% $8,634
    SOUTHERN TRUST MORTGAGE, LLC 11 6.55% $10,192
    CORNERSTONE HOME LENDING, INC. 11 6.15% $5,437
    Presidential Bank, FSB 10 6.58% $8,418
    Atlantic Coast Mortgage, LLC 8 6.34% $9,608
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 5.98% $9,435
    NEWREZ LLC 8 6.05% $8,092
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 6.02% $12,587
    Advance Financial Group, LLC 6 6.44% $11,695
    MOVEMENT MORTGAGE, LLC 6 6.21% $10,794
    LOANDEPOT.COM, LLC 5 5.80% $11,916
    MORIA DEVELOPMENT, INC. 5 6.25% $10,207
    STAUNTON FINANCIAL, INC. 5 6.22% $9,620
    Towne Bank 5 6.38% $10,322
    VILLAGE CAPITAL MORTGAGE 4 5.78% $6,207
    C & F Mortgage Corporation 4 6.91% $14,215
    TIDEWATER MORTGAGE SERVICES, INC. 3 6.04% $20,135
    CAPITAL CENTER, L.L.C. 3 5.79% $7,447
    The Federal Savings Bank 3 6.54% $15,714
    Towne Mortgage, LLC 3 6.17% $13,268
    CMG MORTGAGE, INC. 3 6.04% $12,087
    USAA Federal Savings Bank 3 6.21% $10,412
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.71% $2,378
    CROSSCOUNTRY MORTGAGE, LLC 3 6.25% $8,107
    T2 FINANCIAL LLC 2 6.25% $11,179
    CALCON MUTUAL MORTGAGE LLC 2 6.50% $7,136
    Prosperity Home Mortgage, LLC 2 6.06% $7,617
    NBKC BANK 2 6.13% $5,893
    PLANET HOME LENDING, LLC 2 5.99% $3,693
    NEW DAY FINANCIAL, LLC 2 7.62% $15,253
    AMERISAVE MORTGAGE CORPORATION 2 6.13% $15,054
    LAKEVIEW LOAN SERVICING, LLC 2 6.12% $5,304
    HOMESIDE FINANCIAL, LLC 2 5.63% $10,197
    Tidewater Home Funding, LLC 1 6.63% $670
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $2,645
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $0
    AmeriHome Mortgage Company, LLC 1 6.63% $4,791
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,365
    BROKER SOLUTIONS, INC. 1 7.00% $3,477
    CARDINAL FINANCIAL 1 6.13% $3,622
    Credence Funding Corporation 1 5.50% $11,609
    EMM LOANS LLC 1 5.99% $4,253
    Equity Prime Mortgage LLC 1 6.38% $6,943
    EVERETT FINANCIAL, INC. 1 5.88% $12,258
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $2,431
    FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $8,159
    Flagstar Bank, FSB 1 5.25% $8,490
    GUILD MORTGAGE COMPANY 1 6.63% $8,902
    MICHIGAN MUTUAL, INC. 1 5.75% $4,138
    Mid-Continent Funding, Inc. 1 5.99% $2,934
    Nations Lending Corporation 1 6.75% $15,700
    Paramount Residential Mortgage Group, Inc. 1 6.00% $5,934
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $7,564
    RELIANCE FIRST CAPITAL, LLC 1 7.00% $8,559
    Renasant Bank 1 6.25% $589
    Southern Bank and Trust Company 1 6.63% $6,239
    SUMMIT FUNDING, INC. 1 6.63% $3,424
    SUN WEST MORTGAGE COMPANY, INC. 1 6.50% $10,694
    United Bank 1 6.13% $18,213
    United Community Bank 1 6.50% $2,322

    The top Elizabeth City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 69 VA loans originated. Their average total fees are $6,185, which is $432 lower than the next largest lender, NVR Mortgage Finance, Inc..

    The lowest fee Elizabeth City VA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. ($5,437), Mortgage Research Center, LLC ($6,185), NAVY FEDERAL CREDIT UNION ($6,249), NVR Mortgage Finance, Inc. ($6,617) and UNITED WHOLESALE MORTGAGE, LLC ($7,150).

    The lowest rate Elizabeth City VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.63%), PENNYMAC LOAN SERVICES, LLC (5.72%), NVR Mortgage Finance, Inc. (5.84%), NAVY FEDERAL CREDIT UNION (5.93%) and FREEDOM MORTGAGE CORPORATION (6.07%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elizabeth City (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 $191,650 (6.5%) $197,810 (0.5%) 0.00 227
    2018-02-01 $190,225 (3.6%) $200,511 (1.2%) 0.00 243
    2018-03-01 $190,000 (-1.3%) $204,118 (2.1%) 0.00 236
    2018-04-01 $194,975 (2.7%) $208,879 (5.2%) 0.00 223
    2018-05-01 $189,950 (-3.8%) $206,166 (-2.3%) 0.00 219
    2018-06-01 $195,450 (0.1%) $206,613 (-1.6%) 0.00 217
    2018-07-01 $196,625 (1.3%) $210,679 (2.5%) 0.00 240
    2018-08-01 $199,200 (2.8%) $209,191 (1.8%) 0.00 251
    2018-09-01 $192,000 (-1.5%) $201,446 (-2.5%) 0.00 254
    2018-10-01 $196,725 (0.1%) $201,439 (-3.1%) 0.00 244
    2018-11-01 $188,725 (-3.2%) $193,070 (-5.0%) 0.00 228
    2018-12-01 $189,000 (-3.1%) $193,547 (-3.7%) 0.00 219
    2019-01-01 $189,475 (-1.1%) $196,089 (-0.9%) 0.00 214
    2019-02-01 $199,900 (5.1%) $206,250 (2.9%) 0.00 213
    2019-03-01 $206,371 (8.6%) $218,340 (7.0%) 0.00 218
    2019-04-01 $214,500 (10.0%) $222,494 (6.5%) 0.00 229
    2019-05-01 $215,250 (13.3%) $221,736 (7.6%) 0.00 241
    2019-06-01 $217,839 (11.5%) $225,733 (9.3%) 0.00 226
    2019-07-01 $218,100 (10.9%) $226,660 (7.6%) 0.00 220
    2019-08-01 $217,173 (9.0%) $229,420 (9.7%) 0.00 209
    2019-09-01 $213,082 (11.0%) $226,530 (12.5%) 0.00 203
    2019-10-01 $209,975 (6.7%) $225,115 (11.8%) 0.00 199
    2019-11-01 $206,950 (9.7%) $216,393 (12.1%) 0.00 184
    2019-12-01 $199,250 (5.4%) $211,584 (9.3%) 0.00 163
    2020-01-01 $201,175 (6.2%) $213,791 (9.0%) 0.00 150
    2020-02-01 $212,500 (6.3%) $219,645 (6.5%) 0.00 144
    2020-03-01 $202,350 (-2.0%) $213,982 (-2.0%) 0.00 151
    2020-04-01 $211,225 (-1.5%) $216,839 (-2.5%) 0.00 160
    2020-05-01 $219,450 (2.0%) $231,727 (4.5%) 0.00 144
    2020-06-01 $225,000 (3.3%) $240,763 (6.7%) 0.00 136
    2020-07-01 $231,250 (6.0%) $245,691 (8.4%) 0.00 123
    2020-08-01 $245,000 (12.8%) $253,314 (10.4%) 0.00 104
    2020-09-01 $218,750 (2.7%) $242,752 (7.2%) 0.00 91
    2020-10-01 $225,000 (7.2%) $248,924 (10.6%) 0.00 77
    2020-11-01 $220,000 (6.3%) $251,045 (16.0%) 0.00 67
    2020-12-01 $198,000 (-0.6%) $219,992 (4.0%) 0.00 65
    2021-01-01 $217,500 (8.1%) $222,576 (4.1%) 0.00 56
    2021-02-01 $224,950 (5.9%) $226,786 (3.3%) 0.00 53
    2021-03-01 $227,250 (12.3%) $239,645 (12.0%) 0.00 55
    2021-04-01 $231,875 (9.8%) $261,268 (20.5%) 0.00 49
    2021-05-01 $230,000 (4.8%) $254,026 (9.6%) 0.00 55
    2021-06-01 $222,450 (-1.1%) $251,921 (4.6%) 0.00 61
    2021-07-01 $199,900 (-13.6%) $244,581 (-0.5%) 0.00 74
    2021-08-01 $224,500 (-8.4%) $251,224 (-0.8%) 0.00 78
    2021-09-01 $249,900 (14.2%) $263,539 (8.6%) 0.00 84
    2021-10-01 $270,000 (20.0%) $288,881 (16.1%) 0.00 80
    2021-11-01 $268,750 (22.2%) $284,188 (13.2%) 0.00 75
    2021-12-01 $270,000 (36.4%) $281,613 (28.0%) 0.00 70
    2022-01-01 $289,900 (33.3%) $277,535 (24.7%) 0.00 76
    2022-02-01 $278,475 (23.8%) $278,061 (22.6%) 0.00 74
    2022-03-01 $289,973 (27.6%) $282,702 (18.0%) 0.00 80
    2022-04-01 $308,490 (33.0%) $297,936 (14.0%) 0.00 84
    2022-05-01 $299,990 (30.4%) $312,307 (22.9%) 0.00 83
    2022-06-01 $335,950 (51.0%) $337,741 (34.1%) 0.00 97
    2022-07-01 $327,450 (63.8%) $337,932 (38.2%) 0.00 116
    2022-08-01 $305,648 (36.2%) $306,207 (21.9%) 0.00 164
    2022-09-01 $304,975 (22.0%) $310,456 (17.8%) 0.00 144
    2022-10-01 $329,900 (22.2%) $316,149 (9.4%) 0.00 109
    2022-11-01 $312,495 (16.3%) $311,332 (9.6%) 0.00 107
    2022-12-01 $349,900 (29.6%) $323,629 (14.9%) 0.00 81
    2023-01-01 $349,950 (20.7%) $324,125 (16.8%) 0.00 70
    2023-02-01 $330,973 (18.9%) $308,192 (10.8%) 0.00 68
    2023-03-01 $325,973 (12.4%) $301,737 (6.7%) 0.00 71
    2023-04-01 $339,000 (9.9%) $312,928 (5.0%) 0.00 72
    2023-05-01 $349,900 (16.6%) $330,427 (5.8%) 0.00 91
    2023-06-01 $332,450 (-1.0%) $330,975 (-2.0%) 0.00 99
    2023-07-01 $329,500 (0.6%) $338,436 (0.2%) 0.00 98
    2023-08-01 $310,000 (1.4%) $324,336 (5.9%) 0.00 108
    2023-09-01 $314,995 (3.3%) $330,069 (6.3%) 0.00 118
    2023-10-01 $311,995 (-5.4%) $330,431 (4.5%) 0.00 118
    2023-11-01 $304,245 (-2.6%) $321,006 (3.1%) 0.00 112
    2023-12-01 $325,000 (-7.1%) $330,871 (2.2%) 0.00 105
    2024-01-01 $321,000 (-8.3%) $323,380 (-0.2%) 0.00 101
    2024-02-01 $311,500 (-5.9%) $315,344 (2.3%) 0.00 102
    2024-03-01 $322,400 (-1.1%) $320,229 (6.1%) 0.00 113
    2024-04-01 $329,950 (-2.7%) $330,704 (5.7%) 0.00 108
    2024-05-01 $344,973 (-1.4%) $346,667 (4.9%) 0.00 124
    2024-06-01 $345,000 (3.8%) $354,596 (7.1%) 0.00 138
    2024-07-01 $347,250 (5.4%) $363,970 (7.5%) 0.00 132
    2024-08-01 $359,900 (16.1%) $376,615 (16.1%) 0.00 121
    2024-09-01 $360,625 (14.5%) $381,064 (15.5%) 0.00 124
    2024-10-01 $351,500 (12.7%) $378,012 (14.4%) 0.00 133
    2024-11-01 $352,000 (15.7%) $367,131 (14.4%) 0.00 141
    2024-12-01 $374,375 (15.2%) $375,337 (13.4%) 0.00 129
    2025-01-01 $379,700 (18.3%) $370,676 (14.6%) 0.00 128
    2025-02-01 $389,900 (25.2%) $372,692 (18.2%) 0.00 141
    2025-03-01 $399,900 (24.0%) $377,420 (17.9%) 0.00 139
    2025-04-01 $389,000 (17.9%) $377,526 (14.2%) 0.00 145
    Elizabeth City's median listing price for 2025-04-01 was $389,000, a difference of $59,050 (17.9%) versus the prior year and $-10,900 versus the prior month.

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

    Elizabeth City's average listing price for 2025-04-01 was $377,526, a difference of $46,822 (14.2%) versus the prior year and $106 versus the prior month.

    For the 2025-04-01 period, Elizabeth City had 145 MLS listings, a difference of 6 listings (4%) versus the prior month and 37 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elizabeth City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,058 sqft
    2018-02-01 0 days 2,003 sqft
    2018-03-01 0 days 2,044 sqft
    2018-04-01 0 days 2,055 sqft
    2018-05-01 0 days 2,073 sqft
    2018-06-01 0 days 2,060 sqft
    2018-07-01 0 days 2,061 sqft
    2018-08-01 0 days 2,106 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,102 sqft
    2018-11-01 0 days 2,032 sqft
    2018-12-01 0 days 2,008 sqft
    2019-01-01 0 days 2,005 sqft
    2019-02-01 0 days 2,017 sqft
    2019-03-01 0 days 2,042 sqft
    2019-04-01 0 days 2,081 sqft
    2019-05-01 0 days 1,996 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 1,947 sqft
    2019-08-01 0 days 1,950 sqft
    2019-09-01 0 days 1,950 sqft
    2019-10-01 0 days 1,959 sqft
    2019-11-01 0 days 1,952 sqft
    2019-12-01 0 days 1,974 sqft
    2020-01-01 0 days 2,020 sqft
    2020-02-01 0 days 2,062 sqft
    2020-03-01 0 days 2,032 sqft
    2020-04-01 0 days 2,020 sqft
    2020-05-01 0 days 2,082 sqft
    2020-06-01 0 days 2,153 sqft
    2020-07-01 0 days 2,151 sqft
    2020-08-01 0 days 2,150 sqft
    2020-09-01 0 days 2,093 sqft
    2020-10-01 0 days 2,060 sqft
    2020-11-01 0 days 2,053 sqft
    2020-12-01 0 days 2,000 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,061 sqft
    2021-03-01 0 days 2,029 sqft
    2021-04-01 0 days 2,079 sqft
    2021-05-01 0 days 1,786 sqft
    2021-06-01 0 days 1,702 sqft
    2021-07-01 0 days 1,698 sqft
    2021-08-01 0 days 2,056 sqft
    2021-09-01 0 days 2,150 sqft
    2021-10-01 0 days 2,167 sqft
    2021-11-01 0 days 2,122 sqft
    2021-12-01 0 days 2,186 sqft
    2022-01-01 0 days 2,078 sqft
    2022-02-01 0 days 1,874 sqft
    2022-03-01 0 days 2,045 sqft
    2022-04-01 0 days 2,114 sqft
    2022-05-01 0 days 2,080 sqft
    2022-06-01 0 days 2,092 sqft
    2022-07-01 0 days 2,079 sqft
    2022-08-01 0 days 2,123 sqft
    2022-09-01 0 days 2,072 sqft
    2022-10-01 0 days 2,005 sqft
    2022-11-01 0 days 1,924 sqft
    2022-12-01 0 days 2,018 sqft
    2023-01-01 0 days 2,053 sqft
    2023-02-01 0 days 1,985 sqft
    2023-03-01 0 days 1,884 sqft
    2023-04-01 0 days 1,943 sqft
    2023-05-01 0 days 1,982 sqft
    2023-06-01 0 days 1,920 sqft
    2023-07-01 0 days 1,970 sqft
    2023-08-01 0 days 1,893 sqft
    2023-09-01 0 days 1,828 sqft
    2023-10-01 0 days 1,837 sqft
    2023-11-01 0 days 1,772 sqft
    2023-12-01 0 days 1,879 sqft
    2024-01-01 0 days 1,866 sqft
    2024-02-01 0 days 1,780 sqft
    2024-03-01 0 days 1,865 sqft
    2024-04-01 0 days 1,917 sqft
    2024-05-01 0 days 1,985 sqft
    2024-06-01 0 days 2,014 sqft
    2024-07-01 0 days 2,000 sqft
    2024-08-01 0 days 2,065 sqft
    2024-09-01 0 days 2,005 sqft
    2024-10-01 0 days 1,992 sqft
    2024-11-01 0 days 1,982 sqft
    2024-12-01 0 days 1,982 sqft
    2025-01-01 0 days 2,016 sqft
    2025-02-01 0 days 2,053 sqft
    2025-03-01 0 days 2,150 sqft
    2025-04-01 0 days 2,100 sqft
    Elizabeth City's median listing age (time on market) for 2025-04-01 was 0 days.

    Elizabeth City's median square footage for active listings during the 2025-04-01 period was 2,100 sqft. One year prior, the average listing was 1,917 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.