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 218 lenders originated 7,066 VA loans during 2022. The total origination value was $1,858,550,000, with an average VA loan value of $263,027.

    Fayetteville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fayetteville averaged 6.72% for the week of 2023-09-15, compared to the national average (all VA variants) of 6.807% for the same period.

    Fayetteville's average VA mortgage closing costs are $5,411.

    The average rate for the prior week (2023-09-08) was 6.56% and one month ago for the week of 2023-08-11, the average rate was 6.61%.

    The average rate one year ago was 5.09%.

    For refis of the same type during the week of 2023-09-15, the average rate was 5.59%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 1,358 5.02% $8,337
    NAVY FEDERAL CREDIT UNION 339 4.24% $6,931
    FREEDOM MORTGAGE CORPORATION 326 4.50% $9,000
    MOVEMENT MORTGAGE, LLC 300 4.62% $7,340
    QUICKEN LOANS, LLC 294 4.24% $9,437
    UNITED WHOLESALE MORTGAGE, LLC 278 4.60% $9,168
    USAA Federal Savings Bank 204 4.49% $8,257
    PENNYMAC LOAN SERVICES, LLC 164 3.53% $8,235
    CORNERSTONE HOME LENDING, INC. 146 4.99% $8,239
    UNION HOME MORTGAGE CORP. 142 4.58% $9,493
    American Security Mortgage Corp. 128 4.70% $9,567
    CROSSCOUNTRY MORTGAGE, LLC 125 4.87% $9,143
    SOUTHERN TRUST MORTGAGE, LLC 120 4.66% $10,288
    CMG MORTGAGE, INC. 109 4.85% $11,058
    NFM, INC. 105 4.81% $9,458
    CERTAINTY HOME LOANS, LLC 104 4.70% $8,939
    JET HOMELOANS, LLC 101 5.31% $8,687
    NEW DAY FINANCIAL, LLC 101 5.23% $9,591
    LOANDEPOT.COM, LLC 98 4.50% $7,125
    GUARANTEED RATE, INC. 98 4.76% $6,576
    MORTGAGE SOLUTIONS OF COLORADO, LLC 94 5.20% $6,286
    GoPrime Mortgage, Inc. 93 4.66% $9,429
    Wells Fargo Bank 76 3.86% $7,290
    Mr. Cooper ( Nationstar Mortgage ) 75 4.75% $8,481
    PENTAGON FEDERAL CREDIT UNION 68 3.67% $6,784
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 67 4.79% $7,401
    DAS Acquisition Company, LLC 65 5.46% $9,470
    OVM FINANCIAL, INC. 52 4.27% $8,255
    AMERISAVE MORTGAGE CORPORATION 52 4.41% $10,108
    HOMESPIRE MORTGAGE CORPORATION 51 4.92% $8,720
    CALIBER HOME LOANS, INC. 50 4.56% $9,303
    The Federal Savings Bank 49 4.77% $14,404
    VILLAGE CAPITAL MORTGAGE 44 3.94% $7,525
    PRIMELENDING, A PLAINSCAPITAL COMPANY 41 4.90% $7,536
    HOME POINT FINANCIAL CORPORATION 40 4.35% $9,018
    BROKER SOLUTIONS, INC. 36 4.98% $9,231
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 34 5.46% $9,180
    Prosperity Home Mortgage, LLC 33 4.49% $11,292
    Carrington Mortgage Services, LLC 32 4.22% $6,957
    NEWREZ LLC 31 4.67% $9,163
    HOMEBRIDGE FINANCIAL SERVICES, INC. 31 5.02% $8,262
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 31 5.65% $8,989
    CLEARPATH LENDING 30 3.84% $9,351
    HOMESIDE FINANCIAL, LLC 28 4.35% $7,552
    Northpointe Bank 26 5.02% $8,169
    North American Savings Bank, F.S.B. 25 4.40% $8,987
    Armed Forces Bank 25 4.98% $9,666
    Mid-Continent Funding, Inc. 25 4.82% $7,447
    Flagstar Bank, FSB 22 5.20% $10,319
    CARDINAL FINANCIAL 21 4.58% $8,107
    Barrington Bank & Trust Company, N.A. 18 4.70% $7,677
    Truist 17 4.12% $10,089
    Magnolia Bank 17 4.63% $11,237
    PLAZA HOME MORTGAGE, INC. 17 5.06% $11,327
    Alcova Mortgage LLC 16 4.76% $10,065
    NBKC BANK 15 4.26% $8,349
    LAKEVIEW LOAN SERVICING, LLC 15 3.43% $4,487
    NVR Mortgage Finance, Inc. 14 4.16% $8,974
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 13 3.85% $4,938
    CONTOUR MORTGAGE CORPORATION 12 5.13% $9,354
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 12 5.29% $6,956
    Lakeview Community Capital, LLC 12 3.56% $3,589
    DHI MORTGAGE COMPANY, LTD. 12 3.79% $9,114
    PLANET HOME LENDING, LLC 12 4.73% $6,366
    SECURITYNATIONAL MORTGAGE COMPANY 12 6.26% $9,623
    T2 FINANCIAL LLC 10 5.38% $9,577
    Low VA Rates, LLC 10 4.93% $11,462
    MUTUAL OF OMAHA MORTGAGE, INC. 10 5.08% $9,390
    Equity Prime Mortgage LLC 10 5.24% $8,996
    ACOPIA, LLC 10 5.15% $6,884
    Blue Ridge Bank 10 5.06% $9,594
    Alpha Mortgage Corporation 9 5.31% $9,034
    First Guaranty Mortgage Corporation 9 3.85% $7,608
    Nations Lending Corporation 9 5.58% $6,502
    U.S. Bank 8 3.80% $9,193
    JPMorgan Chase Bank 8 5.08% $7,312
    HUNT MORTGAGE CORPORATION 8 5.31% $9,309
    AMERICAN FINANCING CORPORATION 8 4.06% $10,593
    CBM Mortgage, Inc. 8 5.33% $7,818
    First Horizon Bank 8 3.91% $10,636
    Wyndham Capital Mortgage, Inc. 8 5.11% $7,458
    Texana Bank 7 4.68% $10,702
    ANGEL OAK HOME LOANS LLC 7 4.48% $6,567
    INTERCOASTAL MORTGAGE COMPANY 7 5.25% $6,596
    Towne Bank 7 5.41% $9,060
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 5.00% $7,279
    First-Citizens Bank & Trust Company 7 4.75% $8,123
    SUN WEST MORTGAGE COMPANY, INC. 7 4.71% $12,327
    Strong Home Mortgage, LLC 6 4.56% $5,442
    BNC National Bank 6 4.06% $12,274
    SUCCESS MORTGAGE PARTNERS, INC. 6 5.75% $11,353
    ARC HOME LLC 6 3.81% $8,484
    Hometown Lenders, Inc. 6 4.77% $7,721
    Paramount Residential Mortgage Group, Inc. 6 4.58% $8,872
    RAPID MORTGAGE COMPANY 6 4.94% $9,961
    EQUITY RESOURCES, INC. 6 5.23% $7,834
    SOVEREIGN LENDING GROUP INCORPORATED 6 3.81% $13,103
    NEW FED MORTGAGE, CORP. 5 5.43% $9,746
    Credence Funding Corporation 5 3.40% $4,628
    FAIR WAY LENDING LLC 5 4.75% $8,853
    FEDERATED MORTGAGE CORP. 5 5.22% $8,302
    THE MORTGAGE FIRM, INC. 5 5.45% $11,655
    GUILD MORTGAGE COMPANY 5 4.55% $12,806
    KBHS HOME LOANS, LLC 5 4.25% $2,104
    KELLER MORTGAGE, LLC 5 4.95% $8,018
    West Town Bank & Trust 5 5.63% $7,754
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 5.18% $9,021
    Shamrock Home Loans, Inc. 5 5.78% $9,755
    RELIANCE FIRST CAPITAL, LLC 5 5.55% $7,875
    CityWorth Mortgage LLC 4 4.88% $9,672
    The Central Trust Bank 4 4.16% $9,721
    CAPITAL CENTER, L.L.C. 4 4.22% $1,548
    SHELTER HOME MORTGAGE, LLC 4 4.25% $5,533
    Community First National Bank 4 5.47% $7,251
    ACADEMY MORTGAGE CORPORATION 4 5.47% $12,443
    First Federal Bank 4 4.25% $9,450
    Bank of America 4 4.72% $8,118
    Integrity Home Mortgage Corp 4 6.31% $5,246
    EVERETT FINANCIAL, INC. 4 3.81% $4,835
    Encompass Lending Group, LP 4 4.87% $5,552
    Plains Commerce Bank 4 5.47% $8,764
    Sunflower Bank 4 4.12% $6,048
    TJC Mortgage, Inc. 3 3.50% $7,554
    NATIONWIDE MORTGAGE BANKERS, INC. 3 4.88% $11,464
    SOUTHWEST STAGE FUNDING, LLC 3 5.17% $2,987
    BELEM SERVICING LLC 3 2.63% $7,404
    Ameris Bank 3 4.79% $6,945
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 5.63% $11,481
    VERITAS FUNDING, LLC 3 4.92% $17,721
    Regions Bank 3 4.54% $8,531
    PNC Bank 3 3.00% $13,413
    NP, Inc. 3 2.67% $5,119
    RESOURCE FINANCIAL SERVICES, INC. 3 5.17% $8,719
    MID AMERICA MORTGAGE, INC. 3 3.00% $2,075
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 5.17% $5,268
    PHH Mortgage Corporation 3 5.21% $3,984
    CHURCHILL MORTGAGE CORPORATION 3 5.58% $12,265
    Atlantic Coast Mortgage, LLC 3 5.00% $12,056
    FINANCE OF AMERICA MORTGAGE LLC 3 4.75% $12,954
    DIRECT MORTGAGE LOANS, LLC 2 4.75% $4,251
    AMERIFIRST FINANCIAL CORPORATION 2 5.25% $8,288
    BANKSOUTH MORTGAGE COMPANY, LLC 2 4.68% $14,820
    BAY EQUITY LLC 2 4.62% $9,973
    BEST CAPITAL FUNDING 2 3.38% $10,588
    Century Mortgage Company DBA Century Lending Company 2 4.12% $9,763
    EAGLE HOME MORTGAGE, LLC 2 2.88% $3,026
    EMBRACE HOME LOANS, INC. 2 4.81% $7,861
    Fifth Third Bank 2 4.88% $2,445
    FirstBank 2 2.44% $2,065
    First Heritage Mortgage, LLC 2 5.81% $14,736
    FLAT BRANCH MORTGAGE, INC. 2 4.94% $12,052
    HOMESTAR FINANCIAL CORPORATION 2 5.69% $10,137
    LADERA LENDING, INC. 2 3.56% $12,029
    Lend Smart Mortgage, LLC 2 5.63% $16,876
    LOANPAL, LLC 2 4.63% $10,392
    MANN FINANCIAL INC. 2 3.94% $2,542
    MATTAMY HOME FUNDING, LLC 2 6.00% $7,516
    MILEND, INC. 2 5.19% $18,862
    M&T Bank 2 4.25% $4,298
    NBH Bank 2 4.50% $11,372
    Paramount Bank 2 4.81% $6,639
    The Fidelity Bank 2 4.31% $6,324
    The Huntington National Bank 2 5.25% $11,204
    TOWNE MORTGAGE COMPANY 2 3.94% $7,571
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.31% $8,847
    ZILLOW HOME LOANS, LLC 2 4.88% $6,967
    OCMBC, INC. 1 5.75% $11,691
    OAKTREE FUNDING CORP. 1 4.75% $26,369
    NETWORK CAPITAL FUNDING CORPORATION 1 4.75% $5,405
    NATIONS DIRECT MORTGAGE, LLC 1 5.13% $8,532
    RESIDENTIAL BANCORP 1 4.75% $17,278
    RESIDENTIAL HOME FUNDING CORP. 1 4.75% $22,287
    MICHIGAN MUTUAL, INC. 1 5.13% $8,318
    RUOFF MORTGAGE COMPANY, INC. 1 3.25% $7,100
    SeaTrust Mortgage Company 1 5.25% $12,558
    Meridian Bank Corporation 1 6.25% $9,178
    Service Federal Credit Union 1 3.38% $3,245
    Servion, Inc. 1 4.75% $3,372
    MCLEAN MORTGAGE CORPORATION 1 4.99% $8,561
    LOANFLIGHT LENDING, LLC 1 4.50% $8,565
    INTERLINC MORTGAGE SERVICES, LLC 1 5.25% $28,287
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.75% $8,865
    SOUTHWEST FUNDING, LP 1 4.88% $11,837
    INLAND BANK & TRUST 1 5.50% $17,978
    HOMESTEAD FUNDING CORP. 1 4.13% $5,416
    STEARNS LENDING, LLC 1 2.38% $2,836
    GSF Mortgage Corporation 1 6.75% $2,718
    GENEVA FINANCIAL, LLC 1 6.25% $29,438
    SUMMIT FUNDING, INC. 1 2.88% $7,093
    Gateway First Bank 1 4.75% $2,234
    F&M Bank 1 4.63% $12,360
    First Western Trust Bank 1 5.13% $9,539
    First Mortgage Solutions, LLC 1 2.75% $3,179
    First Home Bank 1 5.75% $7,130
    FIRST COMMUNITY MORTGAGE, INC. 1 4.13% $7,968
    Waterstone Mortgage Corporation 1 4.25% $12,631
    Atlantic Union Bank 1 5.13% $13,949
    FEDEX EMPLOYEES CREDIT ASSOCIATION 1 5.00% $9,783
    Exchange Bank 1 3.25% $7,098
    TOP FLITE FINANCIAL, INC. 1 5.25% $17,988
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.75% $10,638
    APEX HOME LOANS, INC. 1 4.38% $14,014
    Towne Mortgage of the Carolinas, LLC 1 5.25% $182
    Dollar Bank, Federal Savings Bank 1 4.50% $6,257
    1ST SIGNATURE LENDING, LLC 1 7.25% $7,498
    United Bank 1 4.63% $3,435
    Colten Mortgage, LLC 1 3.50% $9,114
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.75% $13,654
    Citizens Bank 1 3.50% $1,999
    American National Bank and Trust Company 1 2.75% $12,970
    VELOCIO MORTGAGE L.L.C. 1 4.75% $12,303
    CALCON MUTUAL MORTGAGE LLC 1 4.25% $9,358
    Austin Capital Bank SSB 1 4.50% $8,530
    PREMIA MORTGAGE, LLC 1 2.75% $4,187
    POLARIS HOME FUNDING CORP. 1 4.63% $6,589
    PIKE CREEK MORTGAGE SERVICES, INC. 1 4.25% $11,524
    PANORAMA MORTGAGE GROUP, LLC 1 4.75% $11,251
    ON Q FINANCIAL, INC. 1 2.99% $4,788

    The top Fayetteville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,358 VA loans originated. Their average total fees are $8,337, which is $1,406 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Fayetteville VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($3,589), LAKEVIEW LOAN SERVICING, LLC ($4,487), CREDIT UNION MORTGAGE ASSOCIATION, INC. ($4,938), MORTGAGE SOLUTIONS OF COLORADO, LLC ($6,286) and PLANET HOME LENDING, LLC ($6,366).

    The lowest rate Fayetteville VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.43%), PENNYMAC LOAN SERVICES, LLC (3.53%), Lakeview Community Capital, LLC (3.56%), PENTAGON FEDERAL CREDIT UNION (3.67%) and DHI MORTGAGE COMPANY, LTD. (3.79%).

    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.