Greensboro VA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, 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.

Greensboro's 137 lenders originated 1,137 VA loans during 2022. The total origination value was $318,245,000, with an average VA loan value of $279,899.

Greensboro VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Greensboro averaged -0.28% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

Greensboro's average VA mortgage closing costs are $5,186.

The average rate for the prior week (2023-05-26) was 6.15% and one month ago for the week of 2023-04-28, the average rate was 5.81%.

The average rate one year ago was 4.56%.

For refis of the same type during the week of 2023-06-02, the average rate was -1.4%.

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

Greensboro 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 Greensboro level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 163 5.19% $6,432
QUICKEN LOANS, LLC 96 4.17% $8,350
FREEDOM MORTGAGE CORPORATION 60 4.57% $8,558
NAVY FEDERAL CREDIT UNION 53 4.08% $5,416
LOANDEPOT.COM, LLC 39 4.27% $6,188
NEW DAY FINANCIAL, LLC 38 5.53% $11,181
PENNYMAC LOAN SERVICES, LLC 38 3.70% $7,796
UNITED WHOLESALE MORTGAGE, LLC 35 4.42% $8,376
MOVEMENT MORTGAGE, LLC 33 4.66% $7,501
USAA Federal Savings Bank 33 4.62% $6,555
DHI MORTGAGE COMPANY, LTD. 28 4.00% $6,922
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 22 4.83% $6,557
GUARANTEED RATE, INC. 18 4.86% $5,944
MORTGAGE SOLUTIONS OF COLORADO, LLC 16 5.66% $6,671
UNION HOME MORTGAGE CORP. 14 4.46% $11,579
CALIBER HOME LOANS, INC. 13 4.51% $5,263
The Federal Savings Bank 12 4.75% $13,766
Wells Fargo Bank 11 4.02% $5,124
NEWREZ LLC 11 3.73% $6,747
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 4.69% $7,587
Prosperity Home Mortgage, LLC 10 4.71% $6,243
BROKER SOLUTIONS, INC. 10 4.87% $9,905
CARDINAL FINANCIAL 9 4.90% $12,490
Carrington Mortgage Services, LLC 9 5.13% $7,847
AMERISAVE MORTGAGE CORPORATION 9 4.32% $14,174
Mid-Continent Funding, Inc. 9 5.13% $7,004
PENTAGON FEDERAL CREDIT UNION 9 3.54% $5,160
LOANPAL, LLC 9 3.75% $11,673
Mr. Cooper ( Nationstar Mortgage ) 8 5.06% $9,234
CROSSCOUNTRY MORTGAGE, LLC 8 4.69% $15,358
NFM, INC. 8 5.72% $9,218
Ameris Bank 8 5.34% $10,856
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 5.32% $5,944
Flagstar Bank, FSB 7 4.88% $10,953
CERTAINTY HOME LOANS, LLC 7 4.25% $6,583
Allen Tate Mortgage Partners, LLC 6 5.60% $8,603
CLEARPATH LENDING 6 3.83% $6,910
HOMESTAR FINANCIAL CORPORATION 6 4.90% $8,573
Truist 6 3.38% $7,544
HOME POINT FINANCIAL CORPORATION 6 3.58% $4,707
INTERCOASTAL MORTGAGE COMPANY 5 4.55% $7,682
HAMILTON HOME LOANS, INC. 5 4.50% $5,178
North American Savings Bank, F.S.B. 5 4.88% $9,291
HOMESIDE FINANCIAL, LLC 5 5.93% $6,521
Barrington Bank & Trust Company, N.A. 4 5.09% $7,400
Paramount Residential Mortgage Group, Inc. 4 4.56% $7,654
Equity Prime Mortgage LLC 4 5.94% $9,026
Low VA Rates, LLC 4 5.25% $17,352
Alcova Mortgage LLC 4 4.88% $5,800
LAKEVIEW LOAN SERVICING, LLC 4 4.63% $4,187
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.88% $7,369
Pinnacle Bank 3 5.04% $12,047
ALLIED MORTGAGE GROUP, INC. 3 5.63% $3,423
The Fidelity Bank 3 4.33% $15,527
The Central Trust Bank 3 5.83% $13,478
VANDERBILT MORTGAGE AND FINANCE, INC. 3 5.71% $2,250
Alpha Mortgage Corporation 3 4.83% $7,565
SOVEREIGN LENDING GROUP INCORPORATED 3 3.58% $10,773
Citizens Bank 3 3.88% $5,267
AMERICAN FINANCING CORPORATION 3 3.63% $12,601
Nations Lending Corporation 2 4.75% $11,337
AMCAP MORTGAGE, LTD. 2 4.94% $7,208
Blue Ridge Bank 2 5.69% $8,947
Credence Funding Corporation 2 2.81% $4,758
FINANCE OF AMERICA MORTGAGE LLC 2 3.69% $5,920
First Federal Bank 2 5.31% $4,346
First Guaranty Mortgage Corporation 2 4.00% $8,567
GUARANTEED RATE AFFINITY, LLC 2 3.13% $11,020
GUILD MORTGAGE COMPANY 2 4.00% $6,285
INSPIRE HOME LOANS INC. 2 4.50% $8,279
Lakeview Community Capital, LLC 2 4.13% $7,646
MCLEAN MORTGAGE CORPORATION 2 4.69% $2,114
MORTGAGE FINANCIAL GROUP, INC. 2 6.13% $5,522
RADIUS FINANCIAL GROUP INC. 2 5.25% $14,081
RAPID MORTGAGE COMPANY 2 5.13% $10,583
SeaTrust Mortgage Company 2 5.00% $13,522
Texana Bank 2 4.88% $8,982
Towne Bank 2 4.69% $12,074
U.S. Bank 2 4.25% $14,214
VERITAS FUNDING, LLC 2 4.63% $12,629
VILLAGE CAPITAL MORTGAGE 2 3.50% $5,076
Wolfe Financial, Inc 2 6.63% $5,730
Wyndham Capital Mortgage, Inc. 2 3.69% $7,188
M&T Bank 1 2.63% $6,323
F&M Bank 1 4.75% $3,416
First National Bank of Pennsylvania 1 5.88% $2,518
First Mortgage Solutions, LLC 1 2.49% $19,588
NBKC BANK 1 4.63% $5,272
NETWORK CAPITAL FUNDING CORPORATION 1 5.38% $7,605
Evolve Bank & Trust 1 5.00% $2,013
EVERETT FINANCIAL, INC. 1 7.13% $1,588
EQUITY RESOURCES, INC. 1 2.75% $3,538
Encompass Lending Group, LP 1 3.75% $4,602
OAKTREE FUNDING CORP. 1 5.63% $10,049
EMBRACE HOME LOANS, INC. 1 3.75% $10,342
CORNERSTONE HOME LENDING, INC. 1 3.75% $3,972
Cornerstone First Mortgage, Inc 1 4.63% $18,974
CONTOUR MORTGAGE CORPORATION 1 5.50% $8,670
PNC Bank 1 2.88% $3,100
PREMIER LENDING, INC. 1 5.25% $4,495
Presidential Bank, FSB 1 5.75% $9,955
CMG MORTGAGE, INC. 1 5.63% $6,321
CityWorth Mortgage LLC 1 3.63% $15,822
Bank of England 1 3.25% $5,117
Bank of America 1 4.25% $3,003
RELIANCE FIRST CAPITAL, LLC 1 4.38% $6,554
RESIDENTIAL BANCORP. 1 2.75% $7,422
RESOURCE FINANCIAL SERVICES, INC. 1 3.88% $2,929
RUOFF MORTGAGE COMPANY, INC. 1 4.75% $7,167
AMERIFIRST FINANCIAL CORPORATION 1 3.88% $4,339
SIRVA MORTGAGE, INC. 1 4.00% $0
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $12,205
South State Bank 1 4.63% $3,374
Century Mortgage Company DBA Century Lending Company 1 3.63% $5,854
Strong Home Mortgage, LLC 1 2.75% $17,180
SUCCESS MORTGAGE PARTNERS, INC. 1 3.88% $540
SUN WEST MORTGAGE COMPANY, INC. 1 3.84% $7,619
US MORTGAGE CORPORATION 1 4.63% $6,964
CBM Mortgage, Inc. 1 3.88% $8,863
CAPITAL CENTER, L.L.C. 1 2.88% $14,625
Capital Bank 1 3.25% $3,140
TJC Mortgage, Inc. 1 5.25% $3,988
AmRes Corporation 1 3.38% $20,750
TOWNE MORTGAGE COMPANY 1 3.88% $6,782
Towne Mortgage of the Carolinas, LLC 1 4.75% $5,835
LEADERONE FINANCIAL CORPORATION 1 6.75% $20,396
Magnolia Bank 1 3.25% $9,913
BOKF 1 6.63% $13,935
Meridian Bank Corporation 1 5.25% $13,385
MID AMERICA MORTGAGE, INC. 1 3.99% $2,989
Hometown Lenders, Inc. 1 4.25% $3,164
MIDLAND MORTGAGE CORPORATION 1 3.88% $7,406
BELEM SERVICING LLC 1 2.75% $6,778
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.49% $7,407
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.25% $8,858
Goldwater Bank, N.A. 1 5.75% $16,171
GENEVA FINANCIAL, LLC 1 5.00% $23,348

The top Greensboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 163 VA loans originated. Their average total fees are $6,432, which is $1,918 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Greensboro VA lenders (with over 10 loans originated) are Wells Fargo Bank ($5,124), CALIBER HOME LOANS, INC. ($5,263), NAVY FEDERAL CREDIT UNION ($5,416), GUARANTEED RATE, INC. ($5,944) and LOANDEPOT.COM, LLC ($6,188).

The lowest rate Greensboro VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.70%), NEWREZ LLC (3.73%), DHI MORTGAGE COMPANY, LTD. (4.00%), Wells Fargo Bank (4.02%) and NAVY FEDERAL CREDIT UNION (4.08%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greensboro (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 $205,248 (14.2%) $307,917 (14.9%) 0.76 2,361
2018-02-01 $214,250 (16.2%) $314,168 (14.0%) 0.78 2,286
2018-03-01 $225,495 (20.1%) $321,771 (15.1%) 0.79 2,268
2018-04-01 $242,000 (21.1%) $329,724 (15.0%) 0.82 2,247
2018-05-01 $244,000 (16.2%) $330,912 (11.2%) 0.81 2,353
2018-06-01 $239,900 (11.9%) $329,189 (9.5%) 0.80 2,406
2018-07-01 $244,975 (17.2%) $326,775 (10.1%) 0.82 2,401
2018-08-01 $246,885 (16.7%) $306,448 (3.5%) 0.83 2,094
2018-09-01 $249,000 (15.8%) $308,872 (2.5%) 0.84 2,085
2018-10-01 $247,465 (14.6%) $306,292 (0.6%) 0.84 2,111
2018-11-01 $244,950 (20.4%) $301,644 (-0.3%) 0.83 2,089
2018-12-01 $246,115 (23.4%) $303,248 (1.2%) 0.85 2,000
2019-01-01 $249,900 (21.8%) $307,237 (-0.2%) 0.86 1,821
2019-02-01 $254,150 (18.6%) $306,617 (-2.4%) 0.86 1,722
2019-03-01 $260,560 (15.6%) $316,813 (-1.5%) 0.85 1,679
2019-04-01 $265,000 (9.5%) $326,967 (-0.8%) 0.84 1,686
2019-05-01 $269,900 (10.6%) $328,517 (-0.7%) 0.84 1,788
2019-06-01 $264,485 (10.3%) $324,489 (-1.4%) 0.83 1,865
2019-07-01 $266,718 (8.9%) $324,239 (-0.8%) 0.83 1,886
2019-08-01 $262,438 (6.3%) $318,559 (4.0%) 0.83 1,918
2019-09-01 $261,010 (4.8%) $315,724 (2.2%) 0.84 1,922
2019-10-01 $262,481 (6.1%) $316,718 (3.4%) 0.85 1,898
2019-11-01 $264,260 (7.9%) $318,460 (5.6%) 0.87 1,834
2019-12-01 $266,125 (8.1%) $316,628 (4.4%) 0.89 1,608
2020-01-01 $264,900 (6.0%) $313,957 (2.2%) 0.89 1,449
2020-02-01 $263,294 (3.6%) $315,088 (2.8%) 0.86 1,351
2020-03-01 $268,975 (3.2%) $324,200 (2.3%) 0.84 1,347
2020-04-01 $260,623 (-1.7%) $324,129 (-0.9%) 0.82 1,410
2020-05-01 $284,000 (5.2%) $346,651 (5.5%) 0.86 1,372
2020-06-01 $291,495 (10.2%) $369,955 (14.0%) 0.86 1,254
2020-07-01 $296,578 (11.2%) $368,479 (13.6%) 0.86 1,135
2020-08-01 $299,000 (13.9%) $372,479 (16.9%) 0.86 1,066
2020-09-01 $297,175 (13.9%) $374,354 (18.6%) 0.85 993
2020-10-01 $284,900 (8.5%) $361,730 (14.2%) 0.82 967
2020-11-01 $264,500 (0.1%) $339,746 (6.7%) 0.77 924
2020-12-01 $257,695 (-3.2%) $339,666 (7.3%) 0.77 911
2021-01-01 $260,000 (-1.9%) $347,303 (10.6%) 0.78 732
2021-02-01 $248,698 (-5.5%) $345,406 (9.6%) 0.72 631
2021-03-01 $252,500 (-6.1%) $355,146 (9.6%) 0.72 550
2021-04-01 $250,000 (-4.1%) $349,550 (7.8%) 0.68 548
2021-05-01 $245,900 (-13.4%) $341,850 (-1.4%) 0.65 605
2021-06-01 $256,175 (-12.1%) $346,534 (-6.3%) 0.67 673
2021-07-01 $250,000 (-15.7%) $339,825 (-7.8%) 0.66 745
2021-08-01 $256,995 (-14.1%) $353,211 (-5.2%) 0.69 857
2021-09-01 $257,000 (-13.5%) $350,356 (-6.4%) 0.69 909
2021-10-01 $255,000 (-10.5%) $356,025 (-1.6%) 0.68 898
2021-11-01 $259,950 (-1.7%) $356,026 (4.8%) 0.70 821
2021-12-01 $259,950 (0.9%) $365,775 (7.7%) 0.70 685
2022-01-01 $275,000 (5.8%) $375,075 (8.0%) 0.74 559
2022-02-01 $275,080 (10.6%) $381,136 (10.3%) 0.72 479
2022-03-01 $278,950 (10.5%) $383,181 (7.9%) 0.70 470
2022-04-01 $299,000 (19.6%) $402,895 (15.3%) 0.71 486
2022-05-01 $319,995 (30.1%) $407,243 (19.1%) 0.73 646
2022-06-01 $337,225 (31.6%) $405,425 (17.0%) 0.75 779
2022-07-01 $324,900 (30.0%) $395,628 (16.4%) 0.73 910
2022-08-01 $324,925 (26.4%) $402,128 (13.9%) 0.75 943
2022-09-01 $325,623 (26.7%) $395,733 (13.0%) 0.76 972
2022-10-01 $324,900 (27.4%) $390,008 (9.6%) 0.76 1,040
2022-11-01 $322,450 (24.0%) $391,731 (10.0%) 0.78 1,083
2022-12-01 $316,800 (21.9%) $388,645 (6.3%) 0.78 1,037
2023-01-01 $323,835 (17.8%) $388,275 (3.5%) 0.80 907
2023-02-01 $324,950 (18.1%) $400,456 (5.1%) 0.78 830
2023-03-01 $327,292 (17.3%) $417,313 (8.9%) 0.77 750
2023-04-01 $338,900 (13.3%) $421,182 (4.5%) 0.79 767
2023-05-01 $334,591 (4.6%) $416,327 (2.2%) 0.76 837
Greensboro's median listing price for 2023-05-01 was $334,591, a difference of $14,596 (4.6%) versus the prior year and $-4,309 versus the prior month.

Greensboro's median listing price comes in at 76% of the national average.

Greensboro's average listing price for 2023-05-01 was $416,327, a difference of $9,084 (2.2%) versus the prior year and $-4,855 versus the prior month.

For the 2023-05-01 period, Greensboro had 837 MLS listings, a difference of 70 listings (9%) versus the prior month and 191 listings (30%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 92 days 1,894 sqft
2018-02-01 91 days 2,070 sqft
2018-03-01 66 days 2,142 sqft
2018-04-01 59 days 2,289 sqft
2018-05-01 58 days 2,302 sqft
2018-06-01 57 days 2,289 sqft
2018-07-01 65 days 2,279 sqft
2018-08-01 62 days 2,240 sqft
2018-09-01 64 days 2,232 sqft
2018-10-01 65 days 2,211 sqft
2018-11-01 70 days 2,193 sqft
2018-12-01 77 days 2,173 sqft
2019-01-01 87 days 2,198 sqft
2019-02-01 79 days 2,228 sqft
2019-03-01 66 days 2,349 sqft
2019-04-01 51 days 2,477 sqft
2019-05-01 50 days 2,430 sqft
2019-06-01 53 days 2,333 sqft
2019-07-01 57 days 2,293 sqft
2019-08-01 57 days 2,159 sqft
2019-09-01 56 days 2,188 sqft
2019-10-01 57 days 2,215 sqft
2019-11-01 64 days 2,220 sqft
2019-12-01 74 days 2,305 sqft
2020-01-01 82 days 2,243 sqft
2020-02-01 81 days 2,217 sqft
2020-03-01 49 days 2,213 sqft
2020-04-01 52 days 2,198 sqft
2020-05-01 60 days 2,253 sqft
2020-06-01 53 days 2,306 sqft
2020-07-01 52 days 2,224 sqft
2020-08-01 45 days 2,312 sqft
2020-09-01 42 days 2,433 sqft
2020-10-01 35 days 2,427 sqft
2020-11-01 55 days 2,226 sqft
2020-12-01 66 days 2,187 sqft
2021-01-01 74 days 2,068 sqft
2021-02-01 61 days 2,007 sqft
2021-03-01 43 days 1,868 sqft
2021-04-01 43 days 2,126 sqft
2021-05-01 44 days 2,219 sqft
2021-06-01 42 days 2,102 sqft
2021-07-01 40 days 2,012 sqft
2021-08-01 37 days 1,984 sqft
2021-09-01 38 days 2,100 sqft
2021-10-01 43 days 2,181 sqft
2021-11-01 45 days 2,266 sqft
2021-12-01 49 days 1,971 sqft
2022-01-01 56 days 1,800 sqft
2022-02-01 49 days 1,775 sqft
2022-03-01 38 days 1,726 sqft
2022-04-01 32 days 1,815 sqft
2022-05-01 29 days 1,798 sqft
2022-06-01 30 days 1,999 sqft
2022-07-01 34 days 1,876 sqft
2022-08-01 38 days 1,784 sqft
2022-09-01 43 days 1,767 sqft
2022-10-01 44 days 2,009 sqft
2022-11-01 48 days 1,957 sqft
2022-12-01 59 days 1,884 sqft
2023-01-01 65 days 1,875 sqft
2023-02-01 50 days 1,850 sqft
2023-03-01 49 days 1,756 sqft
2023-04-01 40 days 1,823 sqft
2023-05-01 38 days 1,756 sqft
Greensboro's median listing age (time on market) for 2023-05-01 was 38 days. This is 31% longer than the same period one year ago.

Greensboro's median square footage for active listings during the 2023-05-01 period was 1,756 sqft. One year prior, the average listing was 1,798 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.