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 108 lenders originated 825 VA loans during 2023. The total origination value was $250,365,000, with an average VA loan value of $303,473.

    Greensboro VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greensboro averaged 7.04% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Greensboro's average VA mortgage closing costs are $5,494.

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.53%.

    The average rate one year ago was 6.02%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.99%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 133 6.74% $6,637
    QUICKEN LOANS, LLC 59 6.25% $10,498
    UNITED WHOLESALE MORTGAGE, LLC 40 6.17% $10,163
    NAVY FEDERAL CREDIT UNION 40 5.77% $4,441
    MOVEMENT MORTGAGE, LLC 36 6.60% $7,376
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 34 6.71% $7,349
    FREEDOM MORTGAGE CORPORATION 31 6.60% $13,188
    DHI MORTGAGE COMPANY, LTD. 23 5.62% $4,276
    USAA Federal Savings Bank 23 6.30% $6,145
    The Federal Savings Bank 19 6.44% $14,676
    NEW DAY FINANCIAL, LLC 18 7.61% $10,788
    GUARANTEED RATE, INC. 16 6.15% $9,939
    UNION HOME MORTGAGE CORP. 15 6.51% $9,383
    CROSSCOUNTRY MORTGAGE, LLC 15 6.79% $6,707
    LOANDEPOT.COM, LLC 14 6.35% $9,263
    PENNYMAC LOAN SERVICES, LLC 13 5.62% $13,399
    AMERISAVE MORTGAGE CORPORATION 12 5.73% $12,470
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.84% $6,092
    Ameris Bank 11 6.27% $7,325
    Wells Fargo Bank 10 5.84% $6,558
    Mr. Cooper ( Nationstar Mortgage ) 10 5.80% $15,991
    Prosperity Home Mortgage, LLC 10 6.17% $7,103
    CARDINAL FINANCIAL 8 7.19% $14,984
    HOMESIDE FINANCIAL, LLC 8 6.81% $6,912
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.02% $8,822
    Renasant Bank 7 6.27% $7,785
    VILLAGE CAPITAL MORTGAGE 7 5.98% $13,141
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 7 6.70% $5,819
    NEWREZ LLC 6 6.46% $6,930
    Barrington Bank & Trust Company, N.A. 6 6.75% $10,472
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.80% $5,678
    INTERCOASTAL MORTGAGE COMPANY 5 6.20% $13,574
    Truist 5 5.77% $5,500
    Mid-Continent Funding, Inc. 4 6.62% $8,204
    First Federal Bank 4 6.09% $9,749
    RELIANCE FIRST CAPITAL, LLC 3 7.13% $7,705
    CMG MORTGAGE, INC. 3 6.58% $7,271
    Towne Mortgage of the Carolinas, LLC 3 6.25% $7,923
    Truliant Federal Credit Union 3 6.50% $4,491
    Alcova Mortgage LLC 3 6.92% $2,293
    NBKC BANK 3 5.42% $7,957
    Wolfe Financial, Inc 3 7.17% $5,103
    CONTOUR MORTGAGE CORPORATION 3 5.96% $12,606
    PENTAGON FEDERAL CREDIT UNION 3 5.63% $3,808
    Paramount Residential Mortgage Group, Inc. 3 7.13% $8,307
    EVERETT FINANCIAL, INC. 3 6.38% $10,118
    VERITAS FUNDING, LLC 2 6.75% $11,955
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $7,608
    MORTGAGEONE, INC. 2 7.00% $8,731
    American Security Mortgage Corp. 2 7.19% $8,032
    NTFN, INC. 2 6.25% $3,324
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 4.94% $5,372
    U.S. Bank 2 6.13% $2,743
    Lakeview Community Capital, LLC 2 6.00% $8,242
    EQUITY RESOURCES, INC. 2 5.75% $5,609
    Flagstar Bank, FSB 2 6.38% $6,334
    LOANPAL, LLC 2 5.69% $14,633
    Magnolia Bank 2 6.00% $10,107
    The Fidelity Bank 2 6.75% $8,407
    PLAZA HOME MORTGAGE, INC. 2 7.00% $8,553
    BAY EQUITY LLC 2 6.50% $9,627
    ACADEMY MORTGAGE CORPORATION 2 6.50% $5,990
    SeaTrust Mortgage Company 2 7.19% $4,201
    Pinnacle Bank 2 5.63% $6,394
    Wyndham Capital Mortgage, Inc. 1 5.00% $15,052
    Allen Tate Mortgage Partners, LLC 1 6.13% $8,529
    AMCAP MORTGAGE, LTD. 1 7.25% $3,582
    American Mortgage & Equity Consultants, Inc. 1 5.99% $8,434
    American National Bank and Trust Company 1 5.25% $10,577
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $0
    Armed Forces Bank 1 6.25% $11,549
    Atlantic Coast Mortgage, LLC 1 6.25% $12,930
    Bank of America 1 5.88% $483
    Bank of England 1 7.25% $2,579
    CALCON MUTUAL MORTGAGE LLC 1 6.25% $4,368
    CANOPY MORTGAGE, LLC 1 7.13% $9,395
    Century Mortgage Company DBA Century Lending Company 1 5.00% $0
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $10,052
    Citizens Bank 1 5.38% $5,839
    EMM LOANS LLC 1 6.63% $12,116
    Equity Prime Mortgage LLC 1 7.38% $5,027
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.63% $4,330
    FBC MORTGAGE, LLC 1 5.99% $5,264
    First National Bank of Pennsylvania 1 6.50% $12,603
    F&M Bank 1 7.13% $2,901
    GENEVA FINANCIAL, LLC 1 7.00% $3,634
    Goldwater Bank, N.A. 1 7.50% $12,400
    GoPrime Mortgage, Inc. 1 5.25% $2,650
    GSF Mortgage Corporation 1 5.25% $17,292
    GUARANTEED RATE AFFINITY, LLC 1 5.25% $1,960
    GUILD MORTGAGE COMPANY 1 7.50% $2,737
    HOMESTAR FINANCIAL CORPORATION 1 5.75% $9,889
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $10,476
    JET HOMELOANS, LLC 1 6.25% $5,549
    LEADERONE FINANCIAL CORPORATION 1 6.63% $6,897
    MILEND, INC. 1 7.13% $15,915
    MLD MORTGAGE INC. 1 7.38% $3,712
    NATIONS RELIABLE LENDING, LLC 1 7.25% $19,027
    PHH Mortgage Corporation 1 6.49% $4,914
    PNC Bank 1 5.88% $9,404
    PREMIA MORTGAGE, LLC 1 5.63% $1,800
    PULTE MORTGAGE LLC 1 5.25% $9,901
    RAPID MORTGAGE COMPANY 1 7.00% $10,026
    RESOURCE FINANCIAL SERVICES, INC. 1 5.63% $7,306
    ROYAL UNITED MORTGAGE LLC 1 7.25% $7,100
    SIRVA MORTGAGE, INC. 1 6.00% $0
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.38% $10,495
    TOP FLITE FINANCIAL, INC. 1 6.25% $15,235

    The top Greensboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 133 VA loans originated. Their average total fees are $6,637, which is $3,861 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Greensboro VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($4,276), NAVY FEDERAL CREDIT UNION ($4,441), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,092), USAA Federal Savings Bank ($6,145) and Wells Fargo Bank ($6,558).

    The lowest rate Greensboro VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.62%), PENNYMAC LOAN SERVICES, LLC (5.62%), AMERISAVE MORTGAGE CORPORATION (5.73%), NAVY FEDERAL CREDIT UNION (5.77%) and Mr. Cooper ( Nationstar Mortgage ) (5.80%).

    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 $204,720 (14.1%) $307,685 (14.8%) 0.76 2,356
    2018-02-01 $212,876 (15.5%) $313,950 (14.0%) 0.77 2,280
    2018-03-01 $225,000 (19.8%) $321,587 (15.0%) 0.79 2,262
    2018-04-01 $242,000 (21.1%) $329,430 (14.9%) 0.82 2,245
    2018-05-01 $244,750 (16.6%) $330,629 (11.2%) 0.82 2,351
    2018-06-01 $239,900 (12.0%) $328,881 (9.5%) 0.80 2,404
    2018-07-01 $245,000 (17.2%) $326,400 (10.1%) 0.82 2,400
    2018-08-01 $247,030 (17.0%) $306,499 (3.6%) 0.83 2,095
    2018-09-01 $249,000 (15.8%) $308,917 (2.6%) 0.84 2,086
    2018-10-01 $247,226 (14.6%) $306,381 (0.8%) 0.84 2,110
    2018-11-01 $244,950 (21.0%) $301,735 (-0.2%) 0.83 2,085
    2018-12-01 $245,000 (23.0%) $303,500 (1.4%) 0.85 1,992
    2019-01-01 $249,900 (22.1%) $307,445 (-0.1%) 0.86 1,812
    2019-02-01 $253,875 (19.3%) $306,766 (-2.3%) 0.86 1,712
    2019-03-01 $260,560 (15.8%) $317,084 (-1.4%) 0.85 1,670
    2019-04-01 $265,000 (9.5%) $327,179 (-0.7%) 0.84 1,680
    2019-05-01 $269,900 (10.3%) $328,711 (-0.6%) 0.84 1,785
    2019-06-01 $264,493 (10.3%) $324,512 (-1.3%) 0.83 1,865
    2019-07-01 $266,797 (8.9%) $324,316 (-0.6%) 0.84 1,884
    2019-08-01 $262,438 (6.2%) $318,588 (3.9%) 0.83 1,917
    2019-09-01 $261,010 (4.8%) $315,698 (2.2%) 0.84 1,924
    2019-10-01 $262,481 (6.2%) $316,658 (3.4%) 0.85 1,900
    2019-11-01 $264,260 (7.9%) $318,396 (5.5%) 0.87 1,836
    2019-12-01 $265,483 (8.4%) $316,556 (4.3%) 0.89 1,614
    2020-01-01 $263,000 (5.2%) $313,357 (1.9%) 0.88 1,461
    2020-02-01 $260,000 (2.4%) $314,360 (2.5%) 0.85 1,362
    2020-03-01 $267,500 (2.7%) $323,855 (2.1%) 0.84 1,353
    2020-04-01 $260,000 (-1.9%) $323,784 (-1.0%) 0.81 1,416
    2020-05-01 $284,700 (5.5%) $346,712 (5.5%) 0.87 1,374
    2020-06-01 $291,495 (10.2%) $369,887 (14.0%) 0.86 1,256
    2020-07-01 $296,825 (11.3%) $368,274 (13.6%) 0.86 1,138
    2020-08-01 $299,129 (14.0%) $372,594 (17.0%) 0.86 1,069
    2020-09-01 $297,450 (14.0%) $374,322 (18.6%) 0.85 996
    2020-10-01 $284,900 (8.5%) $361,901 (14.3%) 0.82 968
    2020-11-01 $264,950 (0.3%) $340,005 (6.8%) 0.77 924
    2020-12-01 $258,445 (-2.7%) $339,471 (7.2%) 0.77 912
    2021-01-01 $260,000 (-1.1%) $347,459 (10.9%) 0.78 732
    2021-02-01 $249,200 (-4.2%) $345,465 (9.9%) 0.73 632
    2021-03-01 $252,500 (-5.6%) $355,176 (9.7%) 0.72 549
    2021-04-01 $250,000 (-3.9%) $349,525 (8.0%) 0.68 549
    2021-05-01 $246,695 (-13.4%) $342,043 (-1.4%) 0.66 606
    2021-06-01 $256,400 (-12.0%) $346,816 (-6.2%) 0.67 674
    2021-07-01 $250,000 (-15.8%) $340,255 (-7.6%) 0.66 745
    2021-08-01 $256,995 (-14.1%) $353,388 (-5.2%) 0.69 856
    2021-09-01 $257,000 (-13.6%) $350,420 (-6.4%) 0.69 908
    2021-10-01 $255,000 (-10.5%) $355,508 (-1.8%) 0.68 895
    2021-11-01 $259,475 (-2.1%) $355,916 (4.7%) 0.69 813
    2021-12-01 $259,450 (0.4%) $365,829 (7.8%) 0.70 678
    2022-01-01 $273,445 (5.2%) $375,194 (8.0%) 0.74 550
    2022-02-01 $272,675 (9.4%) $381,312 (10.4%) 0.71 471
    2022-03-01 $275,000 (8.9%) $383,348 (7.9%) 0.69 465
    2022-04-01 $299,000 (19.6%) $402,829 (15.3%) 0.71 485
    2022-05-01 $319,747 (29.6%) $407,221 (19.1%) 0.73 644
    2022-06-01 $336,950 (31.4%) $405,351 (16.9%) 0.75 773
    2022-07-01 $324,900 (30.0%) $395,491 (16.2%) 0.73 911
    2022-08-01 $325,000 (26.5%) $402,377 (13.9%) 0.75 942
    2022-09-01 $326,000 (26.9%) $396,000 (13.0%) 0.76 970
    2022-10-01 $324,565 (27.3%) $390,292 (9.8%) 0.76 1,033
    2022-11-01 $321,973 (24.1%) $392,060 (10.2%) 0.77 1,077
    2022-12-01 $318,990 (23.0%) $389,017 (6.3%) 0.79 1,033
    2023-01-01 $322,551 (18.0%) $388,551 (3.6%) 0.80 903
    2023-02-01 $324,950 (19.2%) $400,606 (5.1%) 0.78 828
    2023-03-01 $327,371 (19.0%) $417,375 (8.9%) 0.77 750
    2023-04-01 $338,900 (13.3%) $421,196 (4.6%) 0.79 769
    2023-05-01 $334,682 (4.7%) $416,338 (2.2%) 0.76 837
    2023-06-01 $341,995 (1.5%) $418,159 (3.2%) 0.77 838
    2023-07-01 $345,000 (6.2%) $425,108 (7.5%) 0.78 843
    2023-08-01 $332,172 (2.2%) $420,029 (4.4%) 0.76 913
    2023-09-01 $331,814 (1.8%) $411,332 (3.9%) 0.77 942
    2023-10-01 $320,950 (-1.1%) $397,404 (1.8%) 0.76 1,083
    2023-11-01 $317,450 (-1.4%) $386,698 (-1.4%) 0.76 1,132
    2023-12-01 $308,995 (-3.1%) $377,855 (-2.9%) 0.75 1,160
    2024-01-01 $311,445 (-3.4%) $375,347 (-3.4%) 0.76 1,109
    2024-02-01 $313,950 (-3.4%) $374,374 (-6.6%) 0.76 1,058
    2024-03-01 $319,000 (-2.6%) $376,610 (-9.8%) 0.75 1,037
    Greensboro's median listing price for 2024-03-01 was $319,000, a difference of $-8,371 (-2.6%) versus the prior year and $5,050 versus the prior month.

    Greensboro's median listing price comes in at 75% of the national average.

    Greensboro's average listing price for 2024-03-01 was $376,610, a difference of $-40,765 (-9.8%) versus the prior year and $2,236 versus the prior month.

    For the 2024-03-01 period, Greensboro had 1,037 MLS listings, a difference of -21 listings (-2%) versus the prior month and 287 listings (38%) 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 1,952 sqft
    2018-02-01 91 days 2,080 sqft
    2018-03-01 66 days 2,159 sqft
    2018-04-01 59 days 2,291 sqft
    2018-05-01 58 days 2,304 sqft
    2018-06-01 57 days 2,292 sqft
    2018-07-01 65 days 2,281 sqft
    2018-08-01 62 days 2,240 sqft
    2018-09-01 64 days 2,231 sqft
    2018-10-01 65 days 2,212 sqft
    2018-11-01 70 days 2,195 sqft
    2018-12-01 78 days 2,175 sqft
    2019-01-01 87 days 2,197 sqft
    2019-02-01 79 days 2,223 sqft
    2019-03-01 67 days 2,312 sqft
    2019-04-01 51 days 2,395 sqft
    2019-05-01 50 days 2,409 sqft
    2019-06-01 53 days 2,325 sqft
    2019-07-01 57 days 2,207 sqft
    2019-08-01 56 days 2,166 sqft
    2019-09-01 56 days 2,148 sqft
    2019-10-01 56 days 2,173 sqft
    2019-11-01 64 days 2,135 sqft
    2019-12-01 74 days 2,198 sqft
    2020-01-01 81 days 2,089 sqft
    2020-02-01 79 days 2,075 sqft
    2020-03-01 49 days 2,114 sqft
    2020-04-01 52 days 2,071 sqft
    2020-05-01 60 days 2,181 sqft
    2020-06-01 53 days 2,152 sqft
    2020-07-01 52 days 2,129 sqft
    2020-08-01 45 days 2,231 sqft
    2020-09-01 43 days 2,394 sqft
    2020-10-01 36 days 2,393 sqft
    2020-11-01 55 days 2,063 sqft
    2020-12-01 66 days 2,055 sqft
    2021-01-01 74 days 2,038 sqft
    2021-02-01 62 days 1,862 sqft
    2021-03-01 43 days 1,801 sqft
    2021-04-01 43 days 2,014 sqft
    2021-05-01 44 days 2,101 sqft
    2021-06-01 43 days 1,978 sqft
    2021-07-01 40 days 2,012 sqft
    2021-08-01 37 days 1,984 sqft
    2021-09-01 38 days 2,069 sqft
    2021-10-01 43 days 2,167 sqft
    2021-11-01 45 days 2,266 sqft
    2021-12-01 49 days 2,028 sqft
    2022-01-01 56 days 1,801 sqft
    2022-02-01 48 days 1,747 sqft
    2022-03-01 38 days 1,687 sqft
    2022-04-01 32 days 1,776 sqft
    2022-05-01 29 days 1,925 sqft
    2022-06-01 30 days 1,923 sqft
    2022-07-01 34 days 1,803 sqft
    2022-08-01 39 days 1,908 sqft
    2022-09-01 43 days 1,841 sqft
    2022-10-01 44 days 1,965 sqft
    2022-11-01 48 days 1,787 sqft
    2022-12-01 59 days 1,780 sqft
    2023-01-01 65 days 1,781 sqft
    2023-02-01 50 days 1,789 sqft
    2023-03-01 50 days 1,757 sqft
    2023-04-01 40 days 1,716 sqft
    2023-05-01 38 days 1,785 sqft
    2023-06-01 43 days 1,674 sqft
    2023-07-01 43 days 1,797 sqft
    2023-08-01 38 days 1,833 sqft
    2023-09-01 39 days 1,764 sqft
    2023-10-01 38 days 1,773 sqft
    2023-11-01 40 days 1,895 sqft
    2023-12-01 46 days 1,787 sqft
    2024-01-01 54 days 1,677 sqft
    2024-02-01 47 days 1,774 sqft
    2024-03-01 45 days 1,764 sqft
    Greensboro's median listing age (time on market) for 2024-03-01 was 45 days. This is -9% shorter than the same period one year ago.

    Greensboro's median square footage for active listings during the 2024-03-01 period was 1,764 sqft. One year prior, the average listing was 1,757 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.