Elizabeth City VA Loan Rates, Closing Costs & Stats

Elizabeth City, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 0.12% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.67% and one month ago for the week of 2025-05-16, the average rate was 6.43%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.05%.

    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%).

    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.