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 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
0.1%
for the week of 2023-01-20, compared to the national average (all VA variants) of
0% for the same period.
Fayetteville's average VA mortgage closing costs are $4,727.
The average rate for the prior week (2023-01-13) was
6.18% and
one month ago for the week of 2022-12-16, the
average rate was 6.45%.
The average rate one year ago was 3.46%.
For refis of the same type during the week of 2023-01-20, the average rate
was 0.07%.
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
1,708 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 MORTGAGE (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 | $169,900 (5.4%) | $187,383 (3.0%) | 0.63 | 2,961 |
| 2018-02-01 | $170,750 (2.5%) | $187,702 (1.1%) | 0.62 | 2,892 |
| 2018-03-01 | $174,900 (3.5%) | $190,381 (1.5%) | 0.61 | 2,913 |
| 2018-04-01 | $178,075 (5.6%) | $193,434 (2.9%) | 0.60 | 2,866 |
| 2018-05-01 | $177,995 (4.8%) | $194,863 (3.9%) | 0.59 | 2,876 |
| 2018-06-01 | $176,950 (2.7%) | $196,966 (4.0%) | 0.59 | 2,828 |
| 2018-07-01 | $177,875 (2.8%) | $197,288 (3.4%) | 0.59 | 2,821 |
| 2018-08-01 | $179,700 (3.9%) | $198,740 (4.3%) | 0.60 | 2,751 |
| 2018-09-01 | $179,900 (5.9%) | $198,965 (5.5%) | 0.60 | 2,722 |
| 2018-10-01 | $179,900 (6.0%) | $198,319 (5.7%) | 0.61 | 2,595 |
| 2018-11-01 | $179,450 (5.6%) | $198,240 (5.6%) | 0.61 | 2,537 |
| 2018-12-01 | $177,500 (4.5%) | $196,955 (5.0%) | 0.61 | 2,449 |
| 2019-01-01 | $179,925 (5.9%) | $199,823 (6.6%) | 0.62 | 2,318 |
| 2019-02-01 | $189,950 (11.2%) | $206,277 (9.9%) | 0.64 | 2,240 |
| 2019-03-01 | $199,286 (13.9%) | $213,380 (12.1%) | 0.65 | 2,103 |
| 2019-04-01 | $204,261 (14.7%) | $218,158 (12.8%) | 0.65 | 2,026 |
| 2019-05-01 | $199,900 (12.3%) | $217,193 (11.5%) | 0.62 | 2,035 |
| 2019-06-01 | $199,900 (13.0%) | $218,609 (11.0%) | 0.62 | 2,085 |
| 2019-07-01 | $199,700 (12.3%) | $217,163 (10.1%) | 0.63 | 2,109 |
| 2019-08-01 | $199,900 (11.2%) | $216,442 (8.9%) | 0.63 | 2,082 |
| 2019-09-01 | $199,900 (11.1%) | $216,253 (8.7%) | 0.64 | 2,046 |
| 2019-10-01 | $199,425 (10.9%) | $216,127 (9.0%) | 0.64 | 2,010 |
| 2019-11-01 | $199,500 (11.2%) | $216,635 (9.3%) | 0.65 | 1,917 |
| 2019-12-01 | $199,900 (12.6%) | $215,508 (9.4%) | 0.67 | 1,806 |
| 2020-01-01 | $205,500 (14.2%) | $219,054 (9.6%) | 0.69 | 1,648 |
| 2020-02-01 | $214,000 (12.7%) | $220,546 (6.9%) | 0.70 | 1,523 |
| 2020-03-01 | $212,663 (6.7%) | $223,886 (4.9%) | 0.67 | 1,421 |
| 2020-04-01 | $217,000 (6.2%) | $228,478 (4.7%) | 0.68 | 1,354 |
| 2020-05-01 | $224,900 (12.5%) | $235,316 (8.3%) | 0.68 | 1,155 |
| 2020-06-01 | $232,975 (16.6%) | $244,336 (11.8%) | 0.69 | 955 |
| 2020-07-01 | $235,000 (17.7%) | $247,702 (14.1%) | 0.68 | 885 |
| 2020-08-01 | $242,250 (21.2%) | $252,287 (16.6%) | 0.69 | 806 |
| 2020-09-01 | $239,700 (19.9%) | $253,798 (17.4%) | 0.69 | 766 |
| 2020-10-01 | $235,000 (17.8%) | $254,620 (17.8%) | 0.67 | 731 |
| 2020-11-01 | $234,950 (17.8%) | $254,408 (17.4%) | 0.69 | 697 |
| 2020-12-01 | $229,998 (15.1%) | $255,762 (18.7%) | 0.68 | 659 |
| 2021-01-01 | $229,000 (11.4%) | $251,521 (14.8%) | 0.68 | 568 |
| 2021-02-01 | $229,963 (7.5%) | $256,024 (16.1%) | 0.67 | 504 |
| 2021-03-01 | $215,020 (1.1%) | $237,683 (6.2%) | 0.61 | 484 |
| 2021-04-01 | $214,500 (-1.2%) | $240,567 (5.3%) | 0.58 | 478 |
| 2021-05-01 | $219,900 (-2.2%) | $243,331 (3.4%) | 0.58 | 494 |
| 2021-06-01 | $219,225 (-5.9%) | $242,576 (-0.7%) | 0.58 | 545 |
| 2021-07-01 | $220,000 (-6.4%) | $255,488 (3.1%) | 0.58 | 634 |
| 2021-08-01 | $227,500 (-6.1%) | $253,687 (0.6%) | 0.61 | 722 |
| 2021-09-01 | $226,110 (-5.7%) | $257,658 (1.5%) | 0.60 | 715 |
| 2021-10-01 | $229,450 (-2.4%) | $259,478 (1.9%) | 0.61 | 757 |
| 2021-11-01 | $232,135 (-1.2%) | $265,642 (4.4%) | 0.62 | 691 |
| 2021-12-01 | $239,950 (4.3%) | $270,618 (5.8%) | 0.65 | 600 |
| 2022-01-01 | $249,450 (8.9%) | $284,393 (13.1%) | 0.67 | 510 |
| 2022-02-01 | $250,000 (8.7%) | $289,525 (13.1%) | 0.65 | 435 |
| 2022-03-01 | $234,000 (8.8%) | $285,208 (20.0%) | 0.59 | 423 |
| 2022-04-01 | $265,000 (23.5%) | $306,647 (27.5%) | 0.63 | 496 |
| 2022-05-01 | $289,883 (31.8%) | $313,764 (29.0%) | 0.66 | 604 |
| 2022-06-01 | $295,500 (34.8%) | $312,804 (29.0%) | 0.66 | 807 |
| 2022-07-01 | $301,000 (36.8%) | $321,868 (26.0%) | 0.68 | 938 |
| 2022-08-01 | $325,000 (42.9%) | $335,367 (32.2%) | 0.75 | 1,006 |
| 2022-09-01 | $328,536 (45.3%) | $339,570 (31.8%) | 0.77 | 1,030 |
| 2022-10-01 | $334,925 (46.0%) | $342,514 (32.0%) | 0.79 | 1,065 |
| 2022-11-01 | $338,094 (45.7%) | $345,860 (30.2%) | 0.81 | 1,183 |
| 2022-12-01 | $330,000 (37.5%) | $340,594 (25.9%) | 0.83 | 1,212 |
Fayetteville's median listing price comes in at 83% of the national average.
Fayetteville's average listing price for 2022-12-01 was $340,594, a difference of $69,976 (25.9%) versus the prior year and $-5,266 versus the prior month.
For the 2022-12-01 period, Fayetteville had 1,212 MLS listings, a difference of 29 listings (2%) versus the prior month and 612 listings (102%) 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 | 103 days | 1,850 sqft |
| 2018-02-01 | 101 days | 1,850 sqft |
| 2018-03-01 | 87 days | 1,850 sqft |
| 2018-04-01 | 77 days | 1,950 sqft |
| 2018-05-01 | 73 days | 1,950 sqft |
| 2018-06-01 | 73 days | 1,950 sqft |
| 2018-07-01 | 74 days | 1,950 sqft |
| 2018-08-01 | 78 days | 1,950 sqft |
| 2018-09-01 | 81 days | 1,950 sqft |
| 2018-10-01 | 88 days | 1,950 sqft |
| 2018-11-01 | 93 days | 1,950 sqft |
| 2018-12-01 | 98 days | 1,894 sqft |
| 2019-01-01 | 92 days | 1,950 sqft |
| 2019-02-01 | 93 days | 1,966 sqft |
| 2019-03-01 | 81 days | 2,018 sqft |
| 2019-04-01 | 68 days | 2,051 sqft |
| 2019-05-01 | 61 days | 2,052 sqft |
| 2019-06-01 | 62 days | 2,076 sqft |
| 2019-07-01 | 63 days | 1,963 sqft |
| 2019-08-01 | 66 days | 1,955 sqft |
| 2019-09-01 | 67 days | 1,952 sqft |
| 2019-10-01 | 70 days | 1,950 sqft |
| 2019-11-01 | 71 days | 1,950 sqft |
| 2019-12-01 | 79 days | 1,950 sqft |
| 2020-01-01 | 84 days | 1,950 sqft |
| 2020-02-01 | 73 days | 2,069 sqft |
| 2020-03-01 | 58 days | 1,982 sqft |
| 2020-04-01 | 58 days | 2,043 sqft |
| 2020-05-01 | 61 days | 2,100 sqft |
| 2020-06-01 | 57 days | 2,100 sqft |
| 2020-07-01 | 55 days | 2,100 sqft |
| 2020-08-01 | 53 days | 2,100 sqft |
| 2020-09-01 | 51 days | 2,100 sqft |
| 2020-10-01 | 48 days | 2,100 sqft |
| 2020-11-01 | 52 days | 2,100 sqft |
| 2020-12-01 | 52 days | 2,088 sqft |
| 2021-01-01 | 51 days | 1,950 sqft |
| 2021-02-01 | 40 days | 1,973 sqft |
| 2021-03-01 | 32 days | 1,850 sqft |
| 2021-04-01 | 35 days | 1,849 sqft |
| 2021-05-01 | 34 days | 1,909 sqft |
| 2021-06-01 | 34 days | 1,891 sqft |
| 2021-07-01 | 35 days | 1,874 sqft |
| 2021-08-01 | 34 days | 1,900 sqft |
| 2021-09-01 | 38 days | 1,856 sqft |
| 2021-10-01 | 40 days | 1,850 sqft |
| 2021-11-01 | 44 days | 1,903 sqft |
| 2021-12-01 | 49 days | 1,906 sqft |
| 2022-01-01 | 51 days | 1,942 sqft |
| 2022-02-01 | 36 days | 1,932 sqft |
| 2022-03-01 | 34 days | 1,850 sqft |
| 2022-04-01 | 26 days | 1,950 sqft |
| 2022-05-01 | 30 days | 1,980 sqft |
| 2022-06-01 | 29 days | 2,018 sqft |
| 2022-07-01 | 35 days | 2,100 sqft |
| 2022-08-01 | 38 days | 2,164 sqft |
| 2022-09-01 | 44 days | 2,142 sqft |
| 2022-10-01 | 54 days | 2,243 sqft |
| 2022-11-01 | 57 days | 2,218 sqft |
| 2022-12-01 | 64 days | 2,179 sqft |
Fayetteville's median square footage for active listings during the 2022-12-01 period was 2,179 sqft. One year prior, the average listing was 1,906 sqft.