Forest City VA Loan Rates, Closing Costs & Stats

Forest City, 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.

    Forest City's 30 lenders originated 118 VA loans during 2024. The total origination value was $35,210,000, with an average VA loan value of $298,390.

    Forest City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Forest City averaged 6.71% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Forest City's average VA mortgage closing costs are $5,630.

    The average rate for the prior week (2025-03-28) was 6.63% and one month ago for the week of 2025-02-28, the average rate was 6.71%.

    The average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.43%.

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

    Forest City 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 Forest City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 33 6.45% $6,365
    UNITED WHOLESALE MORTGAGE, LLC 12 6.03% $9,447
    QUICKEN LOANS, LLC 9 6.19% $14,591
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.90% $7,634
    NEW DAY FINANCIAL, LLC 5 7.22% $7,269
    FREEDOM MORTGAGE CORPORATION 5 6.17% $14,217
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.70% $4,233
    The Federal Savings Bank 3 6.58% $11,012
    MOVEMENT MORTGAGE, LLC 3 6.17% $4,450
    PENNYMAC LOAN SERVICES, LLC 3 6.21% $7,481
    GUARANTEED RATE, INC. 3 6.17% $6,650
    VILLAGE CAPITAL MORTGAGE 3 5.50% $5,677
    LOANDEPOT.COM, LLC 3 5.91% $10,003
    CROSSCOUNTRY MORTGAGE, LLC 2 6.87% $8,376
    American Security Mortgage Corp. 2 5.94% $7,920
    NEWREZ LLC 2 5.75% $6,156
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $4,292
    Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $14,654
    Wells Fargo Bank 1 6.50% $3,347
    BOKF 1 6.63% $3,857
    CONTOUR MORTGAGE CORPORATION 1 6.25% $8,227
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $1,581
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $3,296
    INTERCOASTAL MORTGAGE COMPANY 1 6.75% $3,740
    NBKC BANK 1 5.25% $5,416
    PLANET HOME LENDING, LLC 1 5.99% $1,820
    PLAZA HOME MORTGAGE, INC. 1 6.50% $7,071
    United Bank 1 6.00% $3,626
    USAA Federal Savings Bank 1 6.13% $7,098
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $4,526

    The top Forest City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 33 VA loans originated. Their average total fees are $6,365, which is $3,082 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Forest City VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,365), UNITED WHOLESALE MORTGAGE, LLC ($9,447), .

    The lowest rate Forest City VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.03%), Mortgage Research Center, LLC (6.45%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Forest City (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 $229,900 (8.2%) $353,032 (15.3%) 0.00 421
    2018-02-01 $229,450 (5.5%) $367,160 (19.6%) 0.00 396
    2018-03-01 $231,500 (6.6%) $373,750 (20.7%) 0.00 407
    2018-04-01 $247,400 (10.0%) $389,434 (19.9%) 0.00 429
    2018-05-01 $259,800 (8.3%) $404,073 (19.6%) 0.00 459
    2018-06-01 $295,000 (19.0%) $448,691 (30.5%) 0.00 426
    2018-07-01 $291,725 (16.9%) $444,670 (27.2%) 0.00 465
    2018-08-01 $299,900 (17.8%) $461,531 (30.9%) 0.00 466
    2018-09-01 $299,900 (15.8%) $461,718 (28.3%) 0.00 497
    2018-10-01 $299,000 (12.8%) $448,602 (21.6%) 0.00 482
    2018-11-01 $299,000 (15.4%) $441,686 (18.2%) 0.00 479
    2018-12-01 $299,900 (20.0%) $443,907 (18.7%) 0.00 445
    2019-01-01 $299,675 (30.4%) $445,838 (26.3%) 0.00 421
    2019-02-01 $299,900 (30.7%) $445,865 (21.4%) 0.00 414
    2019-03-01 $299,386 (29.3%) $435,465 (16.5%) 0.00 437
    2019-04-01 $299,900 (21.2%) $439,272 (12.8%) 0.00 453
    2019-05-01 $299,900 (15.4%) $434,264 (7.5%) 0.00 485
    2019-06-01 $300,000 (1.7%) $443,833 (-1.1%) 0.00 507
    2019-07-01 $312,450 (7.1%) $440,022 (-1.1%) 0.00 492
    2019-08-01 $314,482 (4.9%) $434,023 (-6.0%) 0.00 478
    2019-09-01 $306,280 (2.1%) $430,408 (-6.8%) 0.00 467
    2019-10-01 $299,450 (0.2%) $425,555 (-5.1%) 0.00 461
    2019-11-01 $297,000 (-0.7%) $409,505 (-7.3%) 0.00 433
    2019-12-01 $287,475 (-4.1%) $399,899 (-9.9%) 0.00 389
    2020-01-01 $298,000 (-0.6%) $413,424 (-7.3%) 0.00 310
    2020-02-01 $294,950 (-1.7%) $417,965 (-6.3%) 0.00 293
    2020-03-01 $299,000 (-0.1%) $427,951 (-1.7%) 0.00 294
    2020-04-01 $295,500 (-1.5%) $430,272 (-2.1%) 0.00 294
    2020-05-01 $325,000 (8.4%) $450,147 (3.7%) 0.00 274
    2020-06-01 $349,800 (16.6%) $462,361 (4.2%) 0.00 254
    2020-07-01 $349,900 (12.0%) $470,013 (6.8%) 0.00 231
    2020-08-01 $349,000 (11.0%) $471,745 (8.7%) 0.00 200
    2020-09-01 $349,000 (14.0%) $473,777 (10.1%) 0.00 163
    2020-10-01 $312,000 (4.2%) $442,113 (3.9%) 0.00 157
    2020-11-01 $299,250 (0.8%) $434,808 (6.2%) 0.00 150
    2020-12-01 $298,225 (3.7%) $443,495 (10.9%) 0.00 128
    2021-01-01 $284,500 (-4.5%) $412,099 (-0.3%) 0.00 109
    2021-02-01 $269,900 (-8.5%) $396,613 (-5.1%) 0.00 109
    2021-03-01 $278,200 (-7.0%) $441,213 (3.1%) 0.00 84
    2021-04-01 $307,975 (4.2%) $478,908 (11.3%) 0.00 79
    2021-05-01 $414,600 (27.6%) $539,821 (19.9%) 0.00 84
    2021-06-01 $409,375 (17.0%) $527,544 (14.1%) 0.00 114
    2021-07-01 $349,000 (-0.3%) $482,663 (2.7%) 0.00 134
    2021-08-01 $344,500 (-1.3%) $478,854 (1.5%) 0.00 137
    2021-09-01 $361,950 (3.7%) $496,566 (4.8%) 0.00 127
    2021-10-01 $344,000 (10.3%) $486,376 (10.0%) 0.00 133
    2021-11-01 $340,000 (13.6%) $458,302 (5.4%) 0.00 117
    2021-12-01 $345,000 (15.7%) $475,651 (7.3%) 0.00 116
    2022-01-01 $320,000 (12.5%) $458,027 (11.1%) 0.00 95
    2022-02-01 $327,500 (21.3%) $451,837 (13.9%) 0.00 84
    2022-03-01 $377,200 (35.6%) $492,847 (11.7%) 0.00 78
    2022-04-01 $400,000 (29.9%) $503,768 (5.2%) 0.00 79
    2022-05-01 $332,725 (-19.8%) $474,891 (-12.0%) 0.00 96
    2022-06-01 $325,450 (-20.5%) $488,440 (-7.4%) 0.00 108
    2022-07-01 $335,000 (-4.0%) $499,314 (3.5%) 0.00 155
    2022-08-01 $343,975 (-0.2%) $493,602 (3.1%) 0.00 180
    2022-09-01 $345,450 (-4.6%) $502,280 (1.2%) 0.00 165
    2022-10-01 $349,900 (1.7%) $490,634 (0.9%) 0.00 178
    2022-11-01 $348,450 (2.5%) $517,655 (13.0%) 0.00 174
    2022-12-01 $330,000 (-4.4%) $499,296 (5.0%) 0.00 175
    2023-01-01 $324,000 (1.3%) $468,131 (2.2%) 0.00 152
    2023-02-01 $325,000 (-0.8%) $487,416 (7.9%) 0.00 120
    2023-03-01 $357,450 (-5.2%) $515,465 (4.6%) 0.00 114
    2023-04-01 $372,450 (-6.9%) $542,765 (7.7%) 0.00 124
    2023-05-01 $425,738 (28.0%) $584,732 (23.1%) 0.00 120
    2023-06-01 $442,700 (36.0%) $572,558 (17.2%) 0.00 141
    2023-07-01 $434,500 (29.7%) $561,971 (12.6%) 0.00 154
    2023-08-01 $412,363 (19.9%) $544,031 (10.2%) 0.00 150
    2023-09-01 $414,900 (20.1%) $554,054 (10.3%) 0.00 169
    2023-10-01 $399,500 (14.2%) $520,966 (6.2%) 0.00 195
    2023-11-01 $399,250 (14.6%) $547,292 (5.7%) 0.00 210
    2023-12-01 $396,000 (20.0%) $541,821 (8.5%) 0.00 193
    2024-01-01 $373,688 (15.3%) $533,780 (14.0%) 0.00 195
    2024-02-01 $361,150 (11.1%) $528,930 (8.5%) 0.00 169
    2024-03-01 $386,750 (8.2%) $529,320 (2.7%) 0.00 166
    2024-04-01 $382,750 (2.8%) $562,944 (3.7%) 0.00 189
    2024-05-01 $400,000 (-6.1%) $588,776 (0.7%) 0.00 193
    2024-06-01 $400,000 (-9.7%) $573,362 (0.1%) 0.00 231
    2024-07-01 $412,500 (-5.1%) $597,840 (6.4%) 0.00 252
    2024-08-01 $400,000 (-3.0%) $572,281 (5.2%) 0.00 281
    2024-09-01 $399,975 (-3.6%) $549,062 (-0.9%) 0.00 303
    2024-10-01 $400,000 (0.1%) $538,407 (3.4%) 0.00 285
    2024-11-01 $400,000 (0.2%) $548,862 (0.3%) 0.00 289
    2024-12-01 $399,950 (1.0%) $555,687 (2.6%) 0.00 263
    2025-01-01 $399,975 (7.0%) $557,115 (4.4%) 0.00 245
    2025-02-01 $401,973 (11.3%) $543,508 (2.8%) 0.00 252
    2025-03-01 $411,495 (6.4%) $532,944 (0.7%) 0.00 252
    Forest City's median listing price for 2025-03-01 was $411,495, a difference of $24,745 (6.4%) versus the prior year and $9,522 versus the prior month.

    Forest City's median listing price comes in at 0% of the national average.

    Forest City's average listing price for 2025-03-01 was $532,944, a difference of $3,624 (0.7%) versus the prior year and $-10,564 versus the prior month.

    For the 2025-03-01 period, Forest City had 252 MLS listings, a difference of 0 listings (0%) versus the prior month and 86 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Forest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,941 sqft
    2018-02-01 0 days 1,917 sqft
    2018-03-01 0 days 1,962 sqft
    2018-04-01 0 days 2,005 sqft
    2018-05-01 0 days 2,004 sqft
    2018-06-01 0 days 2,001 sqft
    2018-07-01 0 days 2,024 sqft
    2018-08-01 0 days 2,041 sqft
    2018-09-01 0 days 2,073 sqft
    2018-10-01 0 days 2,077 sqft
    2018-11-01 0 days 2,078 sqft
    2018-12-01 0 days 2,098 sqft
    2019-01-01 0 days 2,099 sqft
    2019-02-01 0 days 2,040 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,033 sqft
    2019-05-01 0 days 2,084 sqft
    2019-06-01 0 days 2,184 sqft
    2019-07-01 0 days 2,172 sqft
    2019-08-01 0 days 2,190 sqft
    2019-09-01 0 days 2,144 sqft
    2019-10-01 0 days 2,112 sqft
    2019-11-01 0 days 2,008 sqft
    2019-12-01 0 days 1,961 sqft
    2020-01-01 0 days 1,956 sqft
    2020-02-01 0 days 1,905 sqft
    2020-03-01 0 days 1,981 sqft
    2020-04-01 0 days 2,007 sqft
    2020-05-01 0 days 2,009 sqft
    2020-06-01 0 days 2,102 sqft
    2020-07-01 0 days 2,146 sqft
    2020-08-01 0 days 2,088 sqft
    2020-09-01 0 days 1,951 sqft
    2020-10-01 0 days 1,836 sqft
    2020-11-01 0 days 1,741 sqft
    2020-12-01 0 days 1,739 sqft
    2021-01-01 0 days 1,662 sqft
    2021-02-01 0 days 1,660 sqft
    2021-03-01 0 days 1,692 sqft
    2021-04-01 0 days 1,718 sqft
    2021-05-01 0 days 2,052 sqft
    2021-06-01 0 days 2,144 sqft
    2021-07-01 0 days 1,882 sqft
    2021-08-01 0 days 1,875 sqft
    2021-09-01 0 days 1,903 sqft
    2021-10-01 0 days 1,960 sqft
    2021-11-01 0 days 1,847 sqft
    2021-12-01 0 days 1,833 sqft
    2022-01-01 0 days 1,572 sqft
    2022-02-01 0 days 1,735 sqft
    2022-03-01 0 days 1,914 sqft
    2022-04-01 0 days 1,802 sqft
    2022-05-01 0 days 1,805 sqft
    2022-06-01 0 days 1,787 sqft
    2022-07-01 0 days 1,718 sqft
    2022-08-01 0 days 1,698 sqft
    2022-09-01 0 days 1,672 sqft
    2022-10-01 0 days 1,684 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,664 sqft
    2023-01-01 0 days 1,665 sqft
    2023-02-01 0 days 1,590 sqft
    2023-03-01 0 days 1,597 sqft
    2023-04-01 0 days 1,626 sqft
    2023-05-01 0 days 1,791 sqft
    2023-06-01 0 days 1,810 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,660 sqft
    2023-09-01 0 days 1,664 sqft
    2023-10-01 0 days 1,702 sqft
    2023-11-01 0 days 1,750 sqft
    2023-12-01 0 days 1,749 sqft
    2024-01-01 0 days 1,683 sqft
    2024-02-01 0 days 1,807 sqft
    2024-03-01 0 days 1,815 sqft
    2024-04-01 0 days 1,700 sqft
    2024-05-01 0 days 1,681 sqft
    2024-06-01 0 days 1,672 sqft
    2024-07-01 0 days 1,701 sqft
    2024-08-01 0 days 1,631 sqft
    2024-09-01 0 days 1,634 sqft
    2024-10-01 0 days 1,653 sqft
    2024-11-01 0 days 1,693 sqft
    2024-12-01 0 days 1,643 sqft
    2025-01-01 0 days 1,619 sqft
    2025-02-01 0 days 1,699 sqft
    2025-03-01 0 days 1,755 sqft
    Forest City's median listing age (time on market) for 2025-03-01 was 0 days.

    Forest City's median square footage for active listings during the 2025-03-01 period was 1,755 sqft. One year prior, the average listing was 1,815 sqft.

    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.