Fayetteville VA Loans
FAYETTEVILLE, NC
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 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.
Fayetteville's 239 lenders originated 12,326 VA loans during 2021. The total origination value was $2,720,060,000, with an average VA loan value of $220,677.
Fayetteville VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Fayetteville
averaged
5.65%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.68% and
one month ago for the week of 2022-04-08, the
average rate was 5.01%.
The average rate one year ago was 3.22%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.93%.
Fayetteville VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fayetteville level.
The top Fayetteville VA lender as defined by loan originations is Mortgage Research Center, LLC, with
1,708 VA loans originated. Their average total fees are
$6,613, which is $3,459
higher than the next largest lender,
FREEDOM MORTGAGE CORPORATION.
The lowest fee Fayetteville VA lenders (with over 10 loans originated) are
PLANET HOME LENDING, LLC ($1,610), LAKEVIEW LOAN SERVICING, LLC ($2,115), Lakeview Community Capital, LLC ($2,134), PENTAGON FEDERAL CREDIT UNION ($2,286) and First Guaranty Mortgage Corporation ($2,924).
The lowest rate Fayetteville VA lenders (with over 10 loans originated) are
TJC Mortgage, Inc. (2.33%), ACCELERATE MORTGAGE, LLC (2.33%), InterContinental Capital Group, Inc (2.34%), PENTAGON FEDERAL CREDIT UNION (2.35%) and VILLAGE CAPITAL & INVESTMENT LLC (2.37%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Fayetteville (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 | $158,000 (9.0%) | $180,300 (3.4%) | 0.58 | 2,230 |
| 2018-02-01 | $159,350 (6.3%) | $181,435 (1.5%) | 0.57 | 2,184 |
| 2018-03-01 | $159,900 (6.6%) | $182,576 (1.8%) | 0.55 | 2,201 |
| 2018-04-01 | $162,500 (6.3%) | $183,717 (2.4%) | 0.55 | 2,160 |
| 2018-05-01 | $161,225 (4.9%) | $185,204 (3.0%) | 0.54 | 2,112 |
| 2018-06-01 | $162,500 (3.7%) | $188,053 (3.7%) | 0.54 | 2,126 |
| 2018-07-01 | $161,500 (1.3%) | $186,741 (2.1%) | 0.54 | 2,130 |
| 2018-08-01 | $162,500 (1.8%) | $188,065 (2.8%) | 0.54 | 2,050 |
| 2018-09-01 | $161,990 (1.9%) | $188,503 (3.4%) | 0.54 | 2,045 |
| 2018-10-01 | $159,995 (0.3%) | $187,959 (3.2%) | 0.54 | 1,957 |
| 2018-11-01 | $159,945 (0.7%) | $189,496 (4.6%) | 0.54 | 1,936 |
| 2018-12-01 | $159,900 (3.2%) | $187,808 (4.6%) | 0.55 | 1,889 |
| 2019-01-01 | $164,250 (4.0%) | $191,279 (6.1%) | 0.57 | 1,740 |
| 2019-02-01 | $169,950 (6.7%) | $198,058 (9.2%) | 0.57 | 1,674 |
| 2019-03-01 | $179,243 (12.1%) | $204,770 (12.2%) | 0.58 | 1,559 |
| 2019-04-01 | $182,193 (12.1%) | $209,358 (14.0%) | 0.57 | 1,493 |
| 2019-05-01 | $176,700 (9.6%) | $207,346 (12.0%) | 0.54 | 1,466 |
| 2019-06-01 | $183,900 (13.2%) | $210,428 (11.9%) | 0.57 | 1,504 |
| 2019-07-01 | $180,000 (11.5%) | $208,781 (11.8%) | 0.56 | 1,539 |
| 2019-08-01 | $179,900 (10.7%) | $205,457 (9.3%) | 0.57 | 1,626 |
| 2019-09-01 | $179,900 (11.1%) | $203,963 (8.2%) | 0.57 | 1,587 |
| 2019-10-01 | $180,700 (12.9%) | $205,864 (9.5%) | 0.58 | 1,460 |
| 2019-11-01 | $185,000 (15.7%) | $207,232 (9.4%) | 0.60 | 1,430 |
| 2019-12-01 | $184,950 (15.7%) | $205,979 (9.7%) | 0.62 | 1,341 |
| 2020-01-01 | $188,450 (14.7%) | $209,167 (9.4%) | 0.63 | 1,208 |
| 2020-02-01 | $188,000 (10.6%) | $209,016 (5.5%) | 0.61 | 1,125 |
| 2020-03-01 | $189,900 (6.0%) | $213,765 (4.4%) | 0.59 | 965 |
| 2020-04-01 | $190,950 (4.8%) | $217,265 (3.8%) | 0.59 | 906 |
| 2020-05-01 | $199,700 (13.0%) | $224,513 (8.3%) | 0.61 | 737 |
| 2020-06-01 | $211,950 (15.3%) | $234,203 (11.3%) | 0.62 | 613 |
| 2020-07-01 | $219,950 (22.2%) | $238,882 (14.4%) | 0.63 | 573 |
| 2020-08-01 | $224,000 (24.5%) | $242,629 (18.1%) | 0.64 | 520 |
| 2020-09-01 | $221,850 (23.3%) | $245,475 (20.4%) | 0.63 | 518 |
| 2020-10-01 | $210,000 (16.2%) | $243,853 (18.5%) | 0.60 | 483 |
| 2020-11-01 | $215,000 (16.2%) | $247,688 (19.5%) | 0.62 | 444 |
| 2020-12-01 | $215,238 (16.4%) | $248,121 (20.5%) | 0.63 | 430 |
| 2021-01-01 | $209,900 (11.4%) | $242,947 (16.2%) | 0.62 | 389 |
| 2021-02-01 | $216,500 (15.2%) | $250,824 (20.0%) | 0.62 | 328 |
| 2021-03-01 | $195,750 (3.1%) | $235,905 (10.4%) | 0.55 | 288 |
| 2021-04-01 | $194,500 (1.9%) | $235,847 (8.6%) | 0.52 | 288 |
| 2021-05-01 | $202,000 (1.2%) | $236,376 (5.3%) | 0.53 | 297 |
| 2021-06-01 | $203,750 (-3.9%) | $241,163 (3.0%) | 0.53 | 354 |
| 2021-07-01 | $200,000 (-9.1%) | $247,579 (3.6%) | 0.52 | 421 |
| 2021-08-01 | $207,500 (-7.4%) | $245,859 (1.3%) | 0.55 | 485 |
| 2021-09-01 | $204,450 (-7.8%) | $245,180 (-0.1%) | 0.54 | 482 |
| 2021-10-01 | $199,950 (-4.8%) | $249,110 (2.2%) | 0.53 | 510 |
| 2021-11-01 | $202,450 (-5.8%) | $253,651 (2.4%) | 0.53 | 461 |
| 2021-12-01 | $217,450 (1.0%) | $264,165 (6.5%) | 0.58 | 411 |
| 2022-01-01 | $224,000 (6.7%) | $274,733 (13.1%) | 0.60 | 363 |
| 2022-02-01 | $229,900 (6.2%) | $275,773 (10.0%) | 0.59 | 313 |
| 2022-03-01 | $222,500 (13.7%) | $272,070 (15.3%) | 0.55 | 308 |
| 2022-04-01 | $245,000 (26.0%) | $283,551 (20.2%) | 0.58 | 335 |
Fayetteville's median listing price comes in at 58% of the national average.
Fayetteville's average listing price for 2022-04-01 was $283,551, a difference of $47,704 (20.2%) versus the prior year and $11,481 versus the prior month.
For the 2022-04-01 period, Fayetteville had 335 MLS listings, a difference of 27 listings (9%) versus the prior month and 47 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fayetteville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 106 days | 1,750 sqft |
| 2018-02-01 | 102 days | 1,750 sqft |
| 2018-03-01 | 87 days | 1,826 sqft |
| 2018-04-01 | 78 days | 1,850 sqft |
| 2018-05-01 | 72 days | 1,850 sqft |
| 2018-06-01 | 73 days | 1,850 sqft |
| 2018-07-01 | 74 days | 1,850 sqft |
| 2018-08-01 | 76 days | 1,850 sqft |
| 2018-09-01 | 81 days | 1,850 sqft |
| 2018-10-01 | 88 days | 1,850 sqft |
| 2018-11-01 | 92 days | 1,850 sqft |
| 2018-12-01 | 96 days | 1,850 sqft |
| 2019-01-01 | 93 days | 1,850 sqft |
| 2019-02-01 | 95 days | 1,612 sqft |
| 2019-03-01 | 87 days | 1,667 sqft |
| 2019-04-01 | 65 days | 1,874 sqft |
| 2019-05-01 | 59 days | 1,945 sqft |
| 2019-06-01 | 60 days | 1,950 sqft |
| 2019-07-01 | 60 days | 1,950 sqft |
| 2019-08-01 | 63 days | 1,916 sqft |
| 2019-09-01 | 67 days | 1,890 sqft |
| 2019-10-01 | 65 days | 1,950 sqft |
| 2019-11-01 | 66 days | 1,950 sqft |
| 2019-12-01 | 74 days | 1,949 sqft |
| 2020-01-01 | 81 days | 1,950 sqft |
| 2020-02-01 | 74 days | 1,950 sqft |
| 2020-03-01 | 60 days | 1,950 sqft |
| 2020-04-01 | 59 days | 1,950 sqft |
| 2020-05-01 | 62 days | 1,954 sqft |
| 2020-06-01 | 57 days | 2,100 sqft |
| 2020-07-01 | 53 days | 2,100 sqft |
| 2020-08-01 | 48 days | 2,100 sqft |
| 2020-09-01 | 45 days | 2,100 sqft |
| 2020-10-01 | 44 days | 2,012 sqft |
| 2020-11-01 | 49 days | 2,044 sqft |
| 2020-12-01 | 48 days | 2,021 sqft |
| 2021-01-01 | 53 days | 1,950 sqft |
| 2021-02-01 | 49 days | 1,966 sqft |
| 2021-03-01 | 38 days | 1,850 sqft |
| 2021-04-01 | 37 days | 1,829 sqft |
| 2021-05-01 | 35 days | 1,883 sqft |
| 2021-06-01 | 33 days | 1,870 sqft |
| 2021-07-01 | 35 days | 1,850 sqft |
| 2021-08-01 | 36 days | 1,850 sqft |
| 2021-09-01 | 39 days | 1,849 sqft |
| 2021-10-01 | 42 days | 1,821 sqft |
| 2021-11-01 | 41 days | 1,849 sqft |
| 2021-12-01 | 46 days | 1,850 sqft |
| 2022-01-01 | 50 days | 1,850 sqft |
| 2022-02-01 | 37 days | 1,870 sqft |
| 2022-03-01 | 38 days | 1,799 sqft |
| 2022-04-01 | 34 days | 1,925 sqft |
Fayetteville's median square footage for active listings during the 2022-04-01 period was 1,925 sqft. One year prior, the average listing was 1,829 sqft.
