Fayetteville VA Loan Rates, Closing Costs & Stats
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 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
6.78%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Fayetteville's average VA mortgage closing costs are $5,849.
The average rate for the prior week (2024-04-12) was
6.61% and
one month ago for the week of 2024-03-15, the
average rate was 6.27%.
The average rate one year ago was 5.86%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.83%.
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.
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%).
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 | $169,900 (5.4%) | $187,549 (3.1%) | 0.63 | 2,964 |
| 2018-02-01 | $170,750 (2.4%) | $187,912 (1.2%) | 0.62 | 2,896 |
| 2018-03-01 | $174,900 (3.5%) | $190,585 (1.6%) | 0.61 | 2,917 |
| 2018-04-01 | $178,595 (5.7%) | $193,657 (3.0%) | 0.61 | 2,870 |
| 2018-05-01 | $178,000 (4.8%) | $194,954 (4.0%) | 0.59 | 2,878 |
| 2018-06-01 | $177,500 (3.2%) | $197,087 (4.0%) | 0.59 | 2,830 |
| 2018-07-01 | $177,950 (2.9%) | $197,332 (3.4%) | 0.59 | 2,823 |
| 2018-08-01 | $179,800 (4.1%) | $198,796 (4.4%) | 0.60 | 2,753 |
| 2018-09-01 | $179,900 (5.9%) | $199,057 (5.5%) | 0.60 | 2,724 |
| 2018-10-01 | $179,900 (6.0%) | $198,370 (5.7%) | 0.61 | 2,597 |
| 2018-11-01 | $179,700 (5.8%) | $198,260 (5.6%) | 0.61 | 2,538 |
| 2018-12-01 | $177,500 (4.5%) | $196,975 (4.9%) | 0.61 | 2,449 |
| 2019-01-01 | $179,925 (5.9%) | $199,845 (6.6%) | 0.62 | 2,318 |
| 2019-02-01 | $189,950 (11.2%) | $206,293 (9.8%) | 0.64 | 2,240 |
| 2019-03-01 | $199,286 (13.9%) | $213,400 (12.0%) | 0.65 | 2,102 |
| 2019-04-01 | $204,286 (14.4%) | $218,216 (12.7%) | 0.65 | 2,021 |
| 2019-05-01 | $199,900 (12.3%) | $217,302 (11.5%) | 0.62 | 2,029 |
| 2019-06-01 | $199,900 (12.6%) | $218,797 (11.0%) | 0.62 | 2,079 |
| 2019-07-01 | $199,850 (12.3%) | $217,511 (10.2%) | 0.63 | 2,104 |
| 2019-08-01 | $199,900 (11.2%) | $216,792 (9.1%) | 0.63 | 2,076 |
| 2019-09-01 | $199,900 (11.1%) | $216,544 (8.8%) | 0.64 | 2,041 |
| 2019-10-01 | $199,450 (10.9%) | $216,379 (9.1%) | 0.64 | 2,004 |
| 2019-11-01 | $199,500 (11.0%) | $216,869 (9.4%) | 0.65 | 1,912 |
| 2019-12-01 | $199,900 (12.6%) | $215,757 (9.5%) | 0.67 | 1,800 |
| 2020-01-01 | $206,500 (14.8%) | $219,477 (9.8%) | 0.69 | 1,643 |
| 2020-02-01 | $214,900 (13.1%) | $221,232 (7.2%) | 0.70 | 1,529 |
| 2020-03-01 | $212,000 (6.4%) | $224,412 (5.2%) | 0.66 | 1,417 |
| 2020-04-01 | $217,800 (6.6%) | $229,178 (5.0%) | 0.68 | 1,354 |
| 2020-05-01 | $225,000 (12.6%) | $235,926 (8.6%) | 0.68 | 1,148 |
| 2020-06-01 | $234,950 (17.5%) | $245,551 (12.2%) | 0.69 | 957 |
| 2020-07-01 | $237,350 (18.8%) | $249,056 (14.5%) | 0.69 | 882 |
| 2020-08-01 | $245,000 (22.6%) | $253,348 (16.9%) | 0.70 | 799 |
| 2020-09-01 | $244,410 (22.3%) | $255,347 (17.9%) | 0.70 | 779 |
| 2020-10-01 | $239,900 (20.3%) | $256,500 (18.5%) | 0.69 | 748 |
| 2020-11-01 | $237,481 (19.0%) | $256,256 (18.2%) | 0.69 | 711 |
| 2020-12-01 | $235,000 (17.6%) | $257,190 (19.2%) | 0.70 | 664 |
| 2021-01-01 | $229,900 (11.3%) | $252,855 (15.2%) | 0.69 | 569 |
| 2021-02-01 | $230,225 (7.1%) | $255,995 (15.7%) | 0.67 | 493 |
| 2021-03-01 | $214,975 (1.4%) | $237,905 (6.0%) | 0.61 | 472 |
| 2021-04-01 | $214,750 (-1.4%) | $240,955 (5.1%) | 0.58 | 473 |
| 2021-05-01 | $219,900 (-2.3%) | $244,346 (3.6%) | 0.58 | 488 |
| 2021-06-01 | $219,450 (-6.6%) | $243,341 (-0.9%) | 0.58 | 539 |
| 2021-07-01 | $220,000 (-7.3%) | $255,940 (2.8%) | 0.58 | 625 |
| 2021-08-01 | $227,500 (-7.1%) | $254,512 (0.5%) | 0.61 | 715 |
| 2021-09-01 | $227,850 (-6.8%) | $258,673 (1.3%) | 0.61 | 706 |
| 2021-10-01 | $226,820 (-5.5%) | $260,166 (1.4%) | 0.60 | 747 |
| 2021-11-01 | $231,675 (-2.4%) | $266,584 (4.0%) | 0.62 | 676 |
| 2021-12-01 | $239,900 (2.1%) | $271,516 (5.6%) | 0.65 | 588 |
| 2022-01-01 | $248,500 (8.1%) | $285,365 (12.9%) | 0.67 | 498 |
| 2022-02-01 | $249,950 (8.6%) | $290,897 (13.6%) | 0.65 | 425 |
| 2022-03-01 | $237,500 (10.5%) | $287,058 (20.7%) | 0.59 | 418 |
| 2022-04-01 | $269,000 (25.3%) | $310,413 (28.8%) | 0.64 | 488 |
| 2022-05-01 | $294,725 (34.0%) | $317,494 (29.9%) | 0.67 | 603 |
| 2022-06-01 | $297,200 (35.4%) | $316,007 (29.9%) | 0.66 | 807 |
| 2022-07-01 | $307,500 (39.8%) | $323,846 (26.5%) | 0.69 | 947 |
| 2022-08-01 | $325,500 (43.1%) | $337,061 (32.4%) | 0.75 | 1,014 |
| 2022-09-01 | $329,900 (44.8%) | $341,310 (32.0%) | 0.77 | 1,035 |
| 2022-10-01 | $335,000 (47.7%) | $343,419 (32.0%) | 0.79 | 1,073 |
| 2022-11-01 | $339,900 (46.7%) | $347,326 (30.3%) | 0.82 | 1,189 |
| 2022-12-01 | $335,038 (39.7%) | $345,388 (27.2%) | 0.83 | 1,171 |
| 2023-01-01 | $339,975 (36.8%) | $351,144 (23.1%) | 0.84 | 1,092 |
| 2023-02-01 | $341,450 (36.6%) | $353,282 (21.5%) | 0.82 | 1,029 |
| 2023-03-01 | $345,975 (45.7%) | $355,121 (23.7%) | 0.82 | 966 |
| 2023-04-01 | $341,654 (27.0%) | $351,171 (13.1%) | 0.79 | 952 |
| 2023-05-01 | $344,803 (17.0%) | $358,516 (12.9%) | 0.78 | 947 |
| 2023-06-01 | $349,300 (17.5%) | $359,567 (13.8%) | 0.78 | 955 |
| 2023-07-01 | $339,273 (10.3%) | $350,098 (8.1%) | 0.77 | 994 |
| 2023-08-01 | $335,950 (3.2%) | $347,170 (3.0%) | 0.77 | 1,084 |
| 2023-09-01 | $330,000 (0.0%) | $344,336 (0.9%) | 0.77 | 1,228 |
| 2023-10-01 | $327,745 (-2.2%) | $344,861 (0.4%) | 0.77 | 1,360 |
| 2023-11-01 | $326,400 (-4.0%) | $344,551 (-0.8%) | 0.78 | 1,441 |
| 2023-12-01 | $324,900 (-3.0%) | $338,614 (-2.0%) | 0.79 | 1,516 |
| 2024-01-01 | $324,802 (-4.5%) | $338,207 (-3.7%) | 0.79 | 1,377 |
| 2024-02-01 | $323,603 (-5.2%) | $338,218 (-4.3%) | 0.78 | 1,353 |
| 2024-03-01 | $324,975 (-6.1%) | $341,218 (-3.9%) | 0.76 | 1,337 |
Fayetteville's median listing price comes in at 76% of the national average.
Fayetteville's average listing price for 2024-03-01 was $341,218, a difference of $-13,903 (-3.9%) versus the prior year and $3,000 versus the prior month.
For the 2024-03-01 period, Fayetteville had 1,337 MLS listings, a difference of -16 listings (-1%) versus the prior month and 371 listings (38%) 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 | 95 days | 1,850 sqft |
| 2018-02-01 | 92 days | 1,850 sqft |
| 2018-03-01 | 74 days | 1,850 sqft |
| 2018-04-01 | 69 days | 1,950 sqft |
| 2018-05-01 | 66 days | 1,950 sqft |
| 2018-06-01 | 66 days | 1,950 sqft |
| 2018-07-01 | 69 days | 1,950 sqft |
| 2018-08-01 | 71 days | 1,950 sqft |
| 2018-09-01 | 74 days | 1,950 sqft |
| 2018-10-01 | 81 days | 1,950 sqft |
| 2018-11-01 | 85 days | 1,950 sqft |
| 2018-12-01 | 86 days | 1,902 sqft |
| 2019-01-01 | 85 days | 1,950 sqft |
| 2019-02-01 | 82 days | 1,924 sqft |
| 2019-03-01 | 72 days | 1,972 sqft |
| 2019-04-01 | 62 days | 2,032 sqft |
| 2019-05-01 | 57 days | 2,054 sqft |
| 2019-06-01 | 58 days | 2,077 sqft |
| 2019-07-01 | 59 days | 1,975 sqft |
| 2019-08-01 | 61 days | 1,963 sqft |
| 2019-09-01 | 63 days | 1,956 sqft |
| 2019-10-01 | 65 days | 1,950 sqft |
| 2019-11-01 | 66 days | 1,950 sqft |
| 2019-12-01 | 74 days | 1,950 sqft |
| 2020-01-01 | 80 days | 1,950 sqft |
| 2020-02-01 | 68 days | 2,075 sqft |
| 2020-03-01 | 54 days | 2,002 sqft |
| 2020-04-01 | 56 days | 2,071 sqft |
| 2020-05-01 | 60 days | 2,100 sqft |
| 2020-06-01 | 55 days | 2,100 sqft |
| 2020-07-01 | 53 days | 2,100 sqft |
| 2020-08-01 | 51 days | 2,100 sqft |
| 2020-09-01 | 48 days | 2,100 sqft |
| 2020-10-01 | 46 days | 2,100 sqft |
| 2020-11-01 | 50 days | 2,100 sqft |
| 2020-12-01 | 51 days | 2,100 sqft |
| 2021-01-01 | 50 days | 1,981 sqft |
| 2021-02-01 | 39 days | 1,973 sqft |
| 2021-03-01 | 30 days | 1,850 sqft |
| 2021-04-01 | 34 days | 1,850 sqft |
| 2021-05-01 | 33 days | 1,925 sqft |
| 2021-06-01 | 33 days | 1,890 sqft |
| 2021-07-01 | 34 days | 1,874 sqft |
| 2021-08-01 | 33 days | 1,906 sqft |
| 2021-09-01 | 38 days | 1,881 sqft |
| 2021-10-01 | 40 days | 1,859 sqft |
| 2021-11-01 | 44 days | 1,888 sqft |
| 2021-12-01 | 48 days | 1,901 sqft |
| 2022-01-01 | 50 days | 1,922 sqft |
| 2022-02-01 | 35 days | 1,935 sqft |
| 2022-03-01 | 34 days | 1,854 sqft |
| 2022-04-01 | 25 days | 1,950 sqft |
| 2022-05-01 | 29 days | 2,003 sqft |
| 2022-06-01 | 28 days | 2,080 sqft |
| 2022-07-01 | 34 days | 2,100 sqft |
| 2022-08-01 | 37 days | 2,186 sqft |
| 2022-09-01 | 44 days | 2,177 sqft |
| 2022-10-01 | 54 days | 2,256 sqft |
| 2022-11-01 | 56 days | 2,263 sqft |
| 2022-12-01 | 60 days | 2,242 sqft |
| 2023-01-01 | 73 days | 2,275 sqft |
| 2023-02-01 | 69 days | 2,216 sqft |
| 2023-03-01 | 50 days | 2,178 sqft |
| 2023-04-01 | 46 days | 2,151 sqft |
| 2023-05-01 | 45 days | 2,133 sqft |
| 2023-06-01 | 45 days | 2,148 sqft |
| 2023-07-01 | 43 days | 2,100 sqft |
| 2023-08-01 | 43 days | 2,059 sqft |
| 2023-09-01 | 44 days | 2,027 sqft |
| 2023-10-01 | 45 days | 2,012 sqft |
| 2023-11-01 | 51 days | 2,000 sqft |
| 2023-12-01 | 58 days | 1,985 sqft |
| 2024-01-01 | 63 days | 1,966 sqft |
| 2024-02-01 | 54 days | 1,930 sqft |
| 2024-03-01 | 49 days | 1,977 sqft |
Fayetteville's median square footage for active listings during the 2024-03-01 period was 1,977 sqft. One year prior, the average listing was 2,178 sqft.