Fayetteville VA Loan Rates, Closing Costs & Stats

FAYETTEVILLE, 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.

    Fayetteville's 184 lenders originated 5,339 VA loans during 2023. The total origination value was $1,525,115,000, with an average VA loan value of $285,656.

    Fayetteville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fayetteville averaged 6.43% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

    Fayetteville's average VA mortgage closing costs are $5,849.

    The average rate for the prior week (2024-07-12) was 6.37% and one month ago for the week of 2024-06-14, the average rate was 6.63%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.47%.

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

    Fayetteville 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 Fayetteville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 1,021 6.70% $7,775
    UNITED WHOLESALE MORTGAGE, LLC 327 6.29% $9,869
    NAVY FEDERAL CREDIT UNION 287 5.81% $7,273
    MOVEMENT MORTGAGE, LLC 271 6.59% $8,674
    QUICKEN LOANS, LLC 222 6.16% $9,990
    UNION HOME MORTGAGE CORP. 165 6.60% $8,998
    FREEDOM MORTGAGE CORPORATION 146 6.54% $12,420
    JET HOMELOANS, LLC 137 6.06% $9,463
    CORNERSTONE HOME LENDING, INC. 129 6.40% $7,881
    American Security Mortgage Corp. 122 6.27% $10,316
    CROSSCOUNTRY MORTGAGE, LLC 120 6.61% $9,559
    USAA Federal Savings Bank 109 6.18% $9,312
    PENNYMAC LOAN SERVICES, LLC 102 5.59% $8,721
    GUARANTEED RATE, INC. 84 6.23% $6,552
    SOUTHERN TRUST MORTGAGE, LLC 77 6.46% $10,262
    GoPrime Mortgage, Inc. 69 6.19% $10,592
    LOANDEPOT.COM, LLC 68 6.24% $9,176
    CMG MORTGAGE, INC. 63 6.17% $9,537
    MORTGAGE SOLUTIONS OF COLORADO, LLC 59 7.56% $3,878
    PENTAGON FEDERAL CREDIT UNION 58 5.74% $8,462
    ACADEMY MORTGAGE CORPORATION 54 6.57% $10,568
    BROKER SOLUTIONS, INC. 53 6.47% $10,052
    NEW DAY FINANCIAL, LLC 48 7.46% $10,878
    NFM, INC. 47 6.34% $9,056
    MUTUAL OF OMAHA MORTGAGE, INC. 43 6.33% $9,457
    The Federal Savings Bank 42 6.49% $16,210
    Mr. Cooper ( Nationstar Mortgage ) 40 6.05% $12,045
    VILLAGE CAPITAL MORTGAGE 40 6.04% $10,597
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 6.83% $6,834
    PLAZA HOME MORTGAGE, INC. 36 6.50% $9,355
    Alcova Mortgage LLC 36 6.41% $9,798
    HOMESPIRE MORTGAGE CORPORATION 32 6.60% $7,987
    NEWREZ LLC 31 6.21% $8,433
    Encompass Lending Group, LP 30 6.25% $13,934
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 30 6.46% $9,544
    SECURITYNATIONAL MORTGAGE COMPANY 29 6.13% $12,077
    Wells Fargo Bank 27 5.87% $6,962
    Sierra Pacific Mortgage Company, Inc. 27 6.28% $8,867
    CARDINAL FINANCIAL 26 6.52% $12,104
    Armed Forces Bank 25 6.07% $9,019
    DHI MORTGAGE COMPANY, LTD. 24 5.42% $7,564
    Prosperity Home Mortgage, LLC 24 6.01% $12,439
    INTERCOASTAL MORTGAGE COMPANY 21 6.71% $6,231
    AMERISAVE MORTGAGE CORPORATION 20 5.61% $19,276
    Mid-Continent Funding, Inc. 20 6.47% $10,658
    Barrington Bank & Trust Company, N.A. 18 6.47% $8,116
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 6.51% $9,668
    Integrity Home Mortgage Corp 18 6.90% $4,994
    Plains Commerce Bank 18 6.04% $9,407
    Northpointe Bank 17 6.63% $9,782
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 17 6.48% $8,853
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.41% $7,098
    LOANPAL, LLC 16 5.94% $11,435
    Truist 16 6.00% $10,578
    Equity Prime Mortgage LLC 15 6.90% $7,945
    NVR Mortgage Finance, Inc. 14 5.54% $7,214
    GUILD MORTGAGE COMPANY 14 6.72% $7,726
    Flagstar Bank, FSB 13 6.31% $7,953
    DAS Acquisition Company, LLC 12 6.64% $7,965
    EQUITY RESOURCES, INC. 11 6.50% $8,626
    HOMESIDE FINANCIAL, LLC 11 6.78% $11,699
    FBC MORTGAGE, LLC 11 5.38% $8,607
    Towne Bank 10 6.38% $10,579
    VELOCIO MORTGAGE L.L.C. 9 5.90% $7,583
    NBKC BANK 9 6.11% $6,563
    Keystone Funding, Inc. 8 5.94% $8,700
    MICHIGAN MUTUAL, INC. 8 5.59% $8,184
    SUCCESS MORTGAGE PARTNERS, INC. 8 6.45% $12,918
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 6.25% $9,081
    RELIANCE FIRST CAPITAL, LLC 8 6.55% $9,003
    Magnolia Bank 7 6.46% $13,116
    LAKEVIEW LOAN SERVICING, LLC 7 6.20% $9,485
    First Federal Bank 7 6.54% $9,286
    SeaTrust Mortgage Company 7 6.86% $6,999
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.66% $12,139
    PLANET HOME LENDING, LLC 7 6.00% $8,181
    Paramount Residential Mortgage Group, Inc. 7 6.41% $9,678
    MILEND, INC. 6 7.02% $16,847
    SUN WEST MORTGAGE COMPANY, INC. 6 6.40% $8,869
    AMERICAN FINANCIAL NETWORK, INC. 6 6.67% $7,522
    Ameris Bank 6 6.08% $7,168
    First Horizon Bank 6 6.25% $12,495
    ZILLOW HOME LOANS, LLC 5 6.38% $8,995
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.58% $7,647
    Blue Ridge Bank 5 6.78% $9,791
    Towne Mortgage of the Carolinas, LLC 4 6.13% $11,213
    FIRST HOME MORTGAGE CORPORATION 4 6.75% $10,296
    CONTOUR MORTGAGE CORPORATION 4 5.97% $12,977
    KBHS HOME LOANS, LLC 4 5.66% $13,040
    LADERA LENDING, INC. 4 7.03% $11,823
    CBM Mortgage, Inc. 4 6.53% $8,009
    MATTAMY HOME FUNDING, LLC 4 5.81% $8,891
    Shamrock Home Loans, Inc. 4 6.22% $7,484
    EMM LOANS LLC 4 6.06% $13,206
    PNC Bank 3 6.38% $6,185
    U.S. Bank 3 6.17% $15,113
    TOTAL MORTGAGE SERVICES, LLC 3 6.88% $13,130
    First-Citizens Bank & Trust Company 3 6.54% $4,109
    ACOPIA, LLC 3 6.67% $8,626
    FIRST EQUITY MORTGAGE INCORPORATED 3 6.25% $14,262
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.08% $6,236
    T2 FINANCIAL LLC 3 6.83% $9,395
    Lakeview Community Capital, LLC 3 6.71% $8,755
    JPMorgan Chase Bank 3 6.54% $6,818
    SOVEREIGN LENDING GROUP INCORPORATED 3 6.21% $7,553
    HUNT MORTGAGE CORPORATION 3 5.92% $9,574
    Renasant Bank 2 5.44% $12,304
    Nations Lending Corporation 2 6.75% $7,684
    Residential Mortgage Solutions, Inc. 2 7.75% $8,281
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.25% $3,724
    M&T Bank 2 6.44% $5,911
    VERITAS FUNDING, LLC 2 6.94% $21,933
    ALLIED MORTGAGE GROUP, INC. 2 6.63% $7,748
    HARBORONE MORTGAGE, LLC 2 7.25% $10,204
    First Savings Bank 2 5.63% $16,917
    Ixonia Bank 2 6.50% $7,975
    Wyndham Capital Mortgage, Inc. 2 6.38% $8,986
    North American Savings Bank, F.S.B. 2 5.44% $9,523
    American Mortgage & Equity Consultants, Inc. 2 7.06% $7,903
    NETWORK CAPITAL FUNDING CORPORATION 2 5.56% $19,020
    CALIBER HOME LOANS, INC. 2 6.00% $12,125
    The Central Trust Bank 2 5.50% $17,686
    GSF Mortgage Corporation 2 6.81% $16,676
    Gateway First Bank 2 6.94% $9,572
    NATIONS DIRECT MORTGAGE, LLC 2 6.50% $9,107
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $12,865
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.06% $6,771
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $10,082
    AmeriHome Mortgage Company, LLC 1 6.38% $11,960
    RAPID MORTGAGE COMPANY 1 6.38% $8,277
    RESIDENTIAL BANCORP 1 6.50% $4,827
    RESOURCE FINANCIAL SERVICES, INC. 1 6.63% $9,116
    ROSS MORTGAGE CORPORATION 1 7.13% $4,317
    S1L, Inc. 1 6.13% $19,764
    First Federal Bank of the Midwest 1 5.88% $8,505
    Servion, Inc. 1 5.63% $24,260
    DELMAR FINANCIAL COMPANY 1 4.99% $18,666
    American National Bank and Trust Company 1 5.75% $12,485
    Stifel Bank and Trust 1 6.50% $14,729
    First Federal Bank 1 5.75% $11,657
    AMERICAN FINANCING CORPORATION 1 7.38% $6,725
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.25% $13,063
    Fifth Third Bank 1 6.63% $8,524
    FEDERATED MORTGAGE CORP. 1 6.13% $14,516
    United Community Bank 1 7.25% $18,425
    Extraco Banks 1 7.38% $13,368
    American Bank of Oklahoma 1 6.13% $13,229
    US MORTGAGE CORPORATION 1 5.75% $19,254
    VAN DYK MORTGAGE CORPORATION 1 6.88% $16,478
    Evolve Bank & Trust 1 5.75% $17,680
    Waterstone Mortgage Corporation 1 7.13% $8,173
    CHURCHILL MORTGAGE CORPORATION 1 6.00% $13,091
    MDE Home Loans, LLC 1 5.63% $23,226
    Meridian Bank Corporation 1 7.25% $17,279
    INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $13,936
    Carrington Mortgage Services, LLC 1 6.13% $1,521
    MIDLAND MORTGAGE CORPORATION 1 6.75% $12,941
    Citizens Bank 1 7.25% $4,692
    MORTGAGE FINANCIAL GROUP, INC. 1 7.38% $7,204
    MORTGAGEONE, INC. 1 7.88% $3,736
    Capital Bank 1 6.50% $6,946
    CANOPY MORTGAGE, LLC 1 6.13% $6,175
    BNC National Bank 1 5.63% $7,384
    MY MORTGAGE, INC. 1 6.63% $13,628
    NATIONS RELIABLE LENDING, LLC 1 7.38% $10,531
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $19,067
    Bell Bank 1 6.25% $10,593
    Network Funding, L.P. 1 5.63% $9,321
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.75% $3,857
    NEW FED MORTGAGE, CORP. 1 5.75% $6,331
    1ST SIGNATURE LENDING, LLC 1 6.13% $13,342
    NexBank 1 5.63% $10,157
    AXIA FINANCIAL, LLC 1 6.25% $10,219
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.75% $5,724
    North State Bank 1 5.25% $2,482
    HOMESTEAD FUNDING CORP. 1 6.50% $8,633
    Oakstar Bank 1 7.13% $8,242
    Atlantic Union Bank 1 5.75% $8,039
    Atlantic Coast Mortgage, LLC 1 5.13% $9,925
    PHH Mortgage Corporation 1 7.13% $2,681
    Civista Bank 1 6.63% $14,934
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $11,464
    POLARIS HOME FUNDING CORP. 1 7.00% $16,949
    Presidential Bank, FSB 1 7.12% $17,338

    The top Fayetteville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,021 VA loans originated. Their average total fees are $7,775, which is $2,094 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Fayetteville VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,878), Integrity Home Mortgage Corp ($4,994), INTERCOASTAL MORTGAGE COMPANY ($6,231), GUARANTEED RATE, INC. ($6,552) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,834).

    The lowest rate Fayetteville VA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.38%), DHI MORTGAGE COMPANY, LTD. (5.42%), NVR Mortgage Finance, Inc. (5.54%), PENNYMAC LOAN SERVICES, LLC (5.59%) and AMERISAVE MORTGAGE CORPORATION (5.61%).

    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.