Greensboro VA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, 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.

    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 -0.38% for the week of 2023-11-24, 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 (2023-11-17) was 6.86% and one month ago for the week of 2023-10-20, the average rate was 6.89%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2023-11-24, 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
    2023-06-01 $341,995 (1.4%) $418,159 (3.1%) 0.77 838
    2023-07-01 $345,350 (6.3%) $425,108 (7.5%) 0.78 843
    2023-08-01 $332,172 (2.2%) $420,029 (4.5%) 0.76 913
    2023-09-01 $331,814 (1.9%) $411,332 (3.9%) 0.77 942
    2023-10-01 $320,950 (-1.2%) $397,404 (1.9%) 0.76 1,083
    Greensboro's median listing price for 2023-10-01 was $320,950, a difference of $-3,950 (-1.2%) versus the prior year and $-10,864 versus the prior month.

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

    Greensboro's average listing price for 2023-10-01 was $397,404, a difference of $7,396 (1.9%) versus the prior year and $-13,928 versus the prior month.

    For the 2023-10-01 period, Greensboro had 1,083 MLS listings, a difference of 141 listings (15%) versus the prior month and 43 listings (4%) 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
    2023-06-01 43 days 1,700 sqft
    2023-07-01 43 days 1,724 sqft
    2023-08-01 38 days 1,833 sqft
    2023-09-01 39 days 1,651 sqft
    2023-10-01 38 days 1,651 sqft
    Greensboro's median listing age (time on market) for 2023-10-01 was 38 days. This is -14% shorter than the same period one year ago.

    Greensboro's median square footage for active listings during the 2023-10-01 period was 1,651 sqft. One year prior, the average listing was 2,009 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.