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 165 lenders originated 2,285 VA loans during 2021. The total origination value was $556,285,000, with an average VA loan value of $243,451.

Greensboro VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Greensboro averaged 6.17% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Greensboro's average VA mortgage closing costs are $4,744.

The average rate for the prior week (2023-01-20) was 6% and one month ago for the week of 2022-12-23, the average rate was 6.57%.

The average rate one year ago was 4.07%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.14%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 243 2.89% $5,357
QUICKEN LOANS, LLC 212 2.51% $4,723
FREEDOM MORTGAGE CORPORATION 193 2.48% $2,831
PENNYMAC LOAN SERVICES, LLC 103 2.42% $5,356
MOVEMENT MORTGAGE, LLC 73 2.90% $5,091
NAVY FEDERAL CREDIT UNION 65 2.47% $5,147
NEW DAY FINANCIAL, LLC 63 2.79% $7,583
USAA Federal Savings Bank 55 2.88% $4,163
Wells Fargo Bank 46 2.62% $4,202
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 45 3.04% $7,054
VILLAGE CAPITAL MORTGAGE 39 2.29% $3,045
LOANDEPOT.COM, LLC 36 2.64% $5,725
DHI MORTGAGE COMPANY, LTD. 35 2.72% $6,162
CLEARPATH LENDING 31 2.37% $4,057
GUARANTEED RATE, INC. 30 2.74% $4,957
CALIBER HOME LOANS, INC. 30 2.57% $5,070
LAKEVIEW LOAN SERVICING, LLC 27 2.68% $1,970
UNITED WHOLESALE MORTGAGE, LLC 27 2.66% $6,530
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 2.87% $6,760
UNION HOME MORTGAGE CORP. 22 2.65% $7,096
Mr. Cooper ( Nationstar Mortgage ) 21 2.87% $5,540
The Federal Savings Bank 18 2.32% $7,939
Truist 17 2.79% $5,720
Barrington Bank & Trust Company, N.A. 17 2.81% $6,402
NEWREZ LLC 17 2.83% $4,875
Prosperity Home Mortgage, LLC 15 2.78% $4,428
Lakeview Community Capital, LLC 15 2.50% $2,276
HOME POINT FINANCIAL CORPORATION 15 2.43% $5,380
AMERICAN FINANCIAL NETWORK, INC. 14 2.57% $9,069
Low VA Rates, LLC 13 2.33% $4,329
InterContinental Capital Group, Inc 13 2.31% $4,127
Ameris Bank 12 2.69% $5,802
PENTAGON FEDERAL CREDIT UNION 12 2.40% $3,120
Mid-Continent Funding, Inc. 11 2.72% $6,851
ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 2.76% $6,257
CROSSCOUNTRY MORTGAGE, LLC 10 3.16% $3,628
AMERISAVE MORTGAGE CORPORATION 10 3.06% $5,539
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 2.97% $8,050
EQUITY RESOURCES, INC. 9 2.46% $4,900
RELIANCE FIRST CAPITAL, LLC 9 2.90% $6,123
First Guaranty Mortgage Corporation 8 2.64% $3,587
CERTAINTY HOME LOANS, LLC 8 2.80% $6,894
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 2.67% $4,464
INTERCOASTAL MORTGAGE COMPANY 7 2.77% $6,036
Blue Ridge Bank 7 3.09% $5,934
PLANET HOME LENDING, LLC 7 2.52% $2,204
Carrington Mortgage Services, LLC 7 3.04% $4,611
Alcova Mortgage LLC 6 3.08% $7,003
Paramount Residential Mortgage Group, Inc. 6 2.69% $10,445
MUTUAL OF OMAHA MORTGAGE, INC. 6 2.85% $6,473
VANDERBILT MORTGAGE AND FINANCE, INC. 6 2.75% $2,402
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 3.94% $3,630
First Federal Bank 6 3.15% $7,783
RESIDENTIAL MORTGAGE SERVICES, INC. 6 2.67% $5,101
Wolfe Financial, Inc 6 2.85% $4,207
HAMILTON HOME LOANS, INC. 6 2.77% $7,236
Allen Tate Mortgage Partners, LLC 6 2.65% $2,909
HOMESIDE FINANCIAL, LLC 5 2.87% $5,427
BNC National Bank 5 2.33% $4,991
SOVEREIGN LENDING GROUP INCORPORATED 5 2.75% $4,622
PLAZA HOME MORTGAGE, INC. 5 2.62% $9,406
HOMESTAR FINANCIAL CORPORATION 5 2.68% $6,143
First Bank 4 2.34% $1,994
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 2.84% $5,956
CONTOUR MORTGAGE CORPORATION 4 2.59% $3,046
Citizens Bank 4 2.56% $8,504
Towne Bank 4 2.66% $8,658
AmRes Corporation 4 2.44% $3,237
Magnolia Bank 4 2.75% $5,897
ACCELERATE MORTGAGE, LLC 4 2.13% $4,924
MORTGAGE FINANCIAL GROUP, INC. 3 2.75% $13,207
SUN WEST MORTGAGE COMPANY, INC. 3 2.50% $3,287
The Fidelity Bank 3 3.04% $4,699
TJC Mortgage, Inc. 3 2.25% $3,871
MCLEAN MORTGAGE CORPORATION 3 2.50% $1,440
KS StateBank 3 2.33% $2,506
Nations Lending Corporation 3 3.33% $8,987
PNC Bank 3 2.67% $6,764
NP, Inc. 3 2.25% $3,332
Northpointe Bank 3 2.75% $7,937
North American Savings Bank, F.S.B. 3 2.58% $9,469
TOWNE MORTGAGE COMPANY 3 2.96% $6,026
U.S. Bank 3 2.42% $2,999
ALLIED MORTGAGE GROUP, INC. 3 3.38% $4,540
Wyndham Capital Mortgage, Inc. 2 2.50% $5,615
AMERICAN FINANCING CORPORATION 2 2.63% $2,114
BROKER SOLUTIONS, INC. 2 2.50% $3,636
CMG MORTGAGE, INC. 2 2.50% $4,833
Community First National Bank 2 2.44% $2,782
CORNERSTONE HOME LENDING, INC. 2 3.00% $2,199
First National Bank of Pennsylvania 2 2.56% $4,078
Flagstar Bank, FSB 2 3.50% $17,431
Gateway First Bank 2 2.81% $3,098
INSPIRE HOME LOANS INC. 2 2.56% $7,808
KELLER MORTGAGE, LLC 2 2.81% $2,117
LOANPAL, LLC 2 2.56% $5,426
NBKC BANK 2 2.50% $1,439
NFM, INC. 2 2.75% $6,831
PHH Mortgage Corporation 2 2.81% $9,827
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.81% $7,632
RAPID MORTGAGE COMPANY 2 3.25% $9,253
ROYAL UNITED MORTGAGE LLC 2 3.00% $7,090
SeaTrust Mortgage Company 2 2.81% $2,454
T2 FINANCIAL LLC 2 3.00% $8,264
Victorian Finance, LLC 2 3.19% $4,098
HOMESPIRE MORTGAGE CORPORATION 1 2.50% $1,591
AMERIFIRST FINANCIAL CORPORATION 1 2.88% $3,170
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.75% $2,663
GUILD MORTGAGE COMPANY 1 2.88% $7,208
American Security Mortgage Corp. 1 2.88% $4,223
GUARANTEED RATE AFFINITY, LLC 1 2.25% $5,780
GSF Mortgage Corporation 1 2.25% $3,700
GoPrime Mortgage, Inc. 1 2.88% $7,984
OVM FINANCIAL, INC. 1 2.50% $10
PANORAMA MORTGAGE GROUP, LLC 1 2.75% $7,927
Goldwater Bank, N.A. 1 7.25% $9,509
First Savings Bank 1 2.25% $4,551
First Midwest Bank 1 2.25% $1,185
Peoples Bank 1 2.50% $6,145
ABSOLUTE HOME MORTGAGE CORPORATION 1 2.63% $3,841
Pinnacle Bank 1 2.88% $18,584
First Federal Bank of Kansas City 1 2.25% $594
First-Citizens Bank & Trust Company 1 2.50% $6,570
Equity Prime Mortgage LLC 1 3.63% $12,583
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $3,245
ENVOY MORTGAGE, LTD 1 3.13% $6,286
DATA MORTGAGE, INC. 1 2.88% $3,432
Colten Mortgage, LLC 1 2.99% $3,842
American National Bank and Trust Company 1 2.25% $3,195
Regions Bank 1 2.63% $5,059
CityWorth Mortgage LLC 1 3.00% $1,979
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.00% $6,953
WESTERN EXPRESS LENDING 1 2.25% $2,046
West Town Bank & Trust 1 2.50% $11,811
SECURITYNATIONAL MORTGAGE COMPANY 1 3.00% $18,209
Sierra Pacific Mortgage Company, Inc. 1 2.75% $3,849
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.00% $18,576
SOUTHERN TRUST MORTGAGE, LLC 1 2.75% $3,697
CHURCHILL MORTGAGE CORPORATION 1 2.25% $2,847
Century Mortgage Company DBA Century Lending Company 1 2.38% $3,306
Alpha Mortgage Corporation 1 3.00% $19,221
Texana Bank 1 2.38% $1,736
The Central Trust Bank 1 3.25% $21,574
THE EQUITABLE MORTGAGE CORPORATION 1 2.88% $21,962
CELEBRITY HOME LOANS, LLC 1 3.25% $7,022
CAPITAL CENTER, L.L.C. 1 2.50% $4,300
The Union Bank Company 1 2.25% $13,498
THRIVE MORTGAGE, LLC 1 2.88% $3,676
Capital Bank 1 2.25% $2,263
CALCON MUTUAL MORTGAGE LLC 1 3.75% $14,767
BAYSHORE MORTGAGE FUNDING, LLC 1 3.00% $6,982
BAY EQUITY LLC 1 2.63% $11,684
Bank of England 1 2.75% $3,667
UNITED MORTGAGE CORP. 1 2.25% $4,227
Bank of America 1 3.38% $7,253
AmeriHome Mortgage Company, LLC 1 2.75% $5,598
MORTGAGE ACCESS CORP. 1 2.63% $14,321
MID AMERICA MORTGAGE, INC. 1 2.75% $1,276
MEMBER FIRST MORTGAGE, LLC 1 3.50% $10,639
LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $3,124
LADERA LENDING, INC. 1 2.25% $14,119
Independent Bank 1 2.75% $2,446
Hometown Lenders, Inc. 1 2.25% $2,594
NATIONS DIRECT MORTGAGE, LLC 1 2.75% $2,811
HOMESTEAD FUNDING CORP. 1 2.25% $1,724

The top Greensboro VA lender as defined by loan originations is Mortgage Research Center, LLC, with 243 VA loans originated. Their average total fees are $5,357, which is $634 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Greensboro VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($1,970), Lakeview Community Capital, LLC ($2,276), FREEDOM MORTGAGE CORPORATION ($2,831), VILLAGE CAPITAL MORTGAGE ($3,045) and PENTAGON FEDERAL CREDIT UNION ($3,120).

The lowest rate Greensboro VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.29%), InterContinental Capital Group, Inc (2.31%), The Federal Savings Bank (2.32%), Low VA Rates, LLC (2.33%) and CLEARPATH LENDING (2.37%).


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 $204,995 (14.2%) $308,015 (14.9%) 0.76 2,358
2018-02-01 $214,226 (16.2%) $314,275 (14.1%) 0.78 2,283
2018-03-01 $225,495 (20.1%) $321,900 (15.1%) 0.79 2,266
2018-04-01 $242,000 (21.1%) $329,792 (15.0%) 0.82 2,246
2018-05-01 $244,000 (16.2%) $330,958 (11.2%) 0.81 2,352
2018-06-01 $239,900 (11.9%) $329,236 (9.5%) 0.80 2,405
2018-07-01 $245,000 (17.2%) $326,058 (9.9%) 0.82 2,400
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%) $303,301 (1.2%) 0.85 1,999
2019-01-01 $249,900 (21.9%) $307,296 (-0.2%) 0.86 1,820
2019-02-01 $254,400 (18.8%) $306,679 (-2.4%) 0.86 1,721
2019-03-01 $260,714 (15.6%) $316,867 (-1.6%) 0.85 1,680
2019-04-01 $265,000 (9.5%) $326,953 (-0.9%) 0.84 1,690
2019-05-01 $269,900 (10.6%) $328,167 (-0.8%) 0.84 1,794
2019-06-01 $264,201 (10.1%) $324,090 (-1.6%) 0.83 1,870
2019-07-01 $266,336 (8.7%) $323,790 (-0.7%) 0.83 1,893
2019-08-01 $261,704 (6.0%) $318,030 (3.8%) 0.83 1,925
2019-09-01 $260,689 (4.7%) $315,207 (2.1%) 0.83 1,929
2019-10-01 $262,204 (6.0%) $316,211 (3.2%) 0.85 1,904
2019-11-01 $264,000 (7.8%) $317,965 (5.4%) 0.87 1,840
2019-12-01 $265,000 (7.7%) $316,033 (4.2%) 0.88 1,614
2020-01-01 $264,494 (5.8%) $313,336 (2.0%) 0.88 1,454
2020-02-01 $261,250 (2.7%) $314,365 (2.5%) 0.85 1,358
2020-03-01 $267,500 (2.6%) $323,477 (2.1%) 0.84 1,354
2020-04-01 $260,000 (-1.9%) $323,388 (-1.1%) 0.81 1,417
2020-05-01 $283,125 (4.9%) $345,945 (5.4%) 0.86 1,378
2020-06-01 $290,248 (9.9%) $369,000 (13.9%) 0.85 1,260
2020-07-01 $295,450 (10.9%) $367,376 (13.5%) 0.86 1,142
2020-08-01 $297,990 (13.9%) $371,248 (16.7%) 0.85 1,073
2020-09-01 $296,114 (13.6%) $372,951 (18.3%) 0.85 1,000
2020-10-01 $283,995 (8.3%) $360,501 (14.0%) 0.81 972
2020-11-01 $262,250 (-0.7%) $338,752 (6.5%) 0.77 929
2020-12-01 $256,873 (-3.1%) $338,666 (7.2%) 0.76 916
2021-01-01 $259,900 (-1.7%) $345,742 (10.3%) 0.78 737
2021-02-01 $246,925 (-5.5%) $343,817 (9.4%) 0.72 636
2021-03-01 $251,805 (-5.9%) $354,340 (9.5%) 0.71 556
2021-04-01 $249,948 (-3.9%) $347,866 (7.6%) 0.68 553
2021-05-01 $245,890 (-13.2%) $340,995 (-1.4%) 0.65 610
2021-06-01 $254,450 (-12.3%) $344,797 (-6.6%) 0.67 676
2021-07-01 $250,000 (-15.4%) $338,403 (-7.9%) 0.66 746
2021-08-01 $251,450 (-15.6%) $352,109 (-5.2%) 0.67 861
2021-09-01 $256,500 (-13.4%) $349,439 (-6.3%) 0.68 913
2021-10-01 $254,950 (-10.2%) $354,972 (-1.5%) 0.68 902
2021-11-01 $258,975 (-1.3%) $355,001 (4.8%) 0.69 826
2021-12-01 $259,450 (1.0%) $364,280 (7.6%) 0.70 692
2022-01-01 $274,900 (5.8%) $372,981 (7.9%) 0.74 566
2022-02-01 $272,450 (10.3%) $378,371 (10.1%) 0.71 486
2022-03-01 $273,750 (8.7%) $380,593 (7.4%) 0.69 477
2022-04-01 $295,000 (18.0%) $400,294 (15.1%) 0.70 493
2022-05-01 $317,450 (29.1%) $405,043 (18.8%) 0.73 652
2022-06-01 $334,950 (31.6%) $403,813 (17.1%) 0.75 784
2022-07-01 $320,000 (28.0%) $394,065 (16.5%) 0.72 916
2022-08-01 $321,995 (28.1%) $400,782 (13.8%) 0.74 948
2022-09-01 $323,723 (26.2%) $394,726 (13.0%) 0.76 976
2022-10-01 $320,500 (25.7%) $388,999 (9.6%) 0.75 1,043
2022-11-01 $319,990 (23.6%) $390,743 (10.1%) 0.77 1,084
2022-12-01 $313,950 (21.0%) $385,655 (5.9%) 0.78 1,052
Greensboro's median listing price for 2022-12-01 was $313,950, a difference of $54,500 (21.0%) versus the prior year and $-6,040 versus the prior month.

Greensboro's median listing price comes in at 78% of the national average.

Greensboro's average listing price for 2022-12-01 was $385,655, a difference of $21,375 (5.9%) versus the prior year and $-5,088 versus the prior month.

For the 2022-12-01 period, Greensboro had 1,052 MLS listings, a difference of -32 listings (-3%) versus the prior month and 360 listings (52%) 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
2018-01-01 106 days 1,864 sqft
2018-02-01 108 days 2,068 sqft
2018-03-01 93 days 2,136 sqft
2018-04-01 75 days 2,290 sqft
2018-05-01 69 days 2,304 sqft
2018-06-01 68 days 2,295 sqft
2018-07-01 75 days 2,281 sqft
2018-08-01 67 days 2,240 sqft
2018-09-01 70 days 2,232 sqft
2018-10-01 71 days 2,211 sqft
2018-11-01 75 days 2,193 sqft
2018-12-01 82 days 2,174 sqft
2019-01-01 93 days 2,199 sqft
2019-02-01 85 days 2,228 sqft
2019-03-01 72 days 2,318 sqft
2019-04-01 57 days 2,410 sqft
2019-05-01 54 days 2,408 sqft
2019-06-01 57 days 2,323 sqft
2019-07-01 60 days 2,310 sqft
2019-08-01 60 days 2,238 sqft
2019-09-01 61 days 2,216 sqft
2019-10-01 62 days 2,211 sqft
2019-11-01 68 days 2,199 sqft
2019-12-01 80 days 2,270 sqft
2020-01-01 87 days 2,226 sqft
2020-02-01 86 days 2,242 sqft
2020-03-01 54 days 2,220 sqft
2020-04-01 55 days 2,198 sqft
2020-05-01 66 days 2,318 sqft
2020-06-01 59 days 2,322 sqft
2020-07-01 58 days 2,380 sqft
2020-08-01 51 days 2,365 sqft
2020-09-01 50 days 2,422 sqft
2020-10-01 39 days 2,393 sqft
2020-11-01 59 days 2,062 sqft
2020-12-01 72 days 1,950 sqft
2021-01-01 78 days 1,889 sqft
2021-02-01 70 days 1,800 sqft
2021-03-01 45 days 1,801 sqft
2021-04-01 48 days 1,918 sqft
2021-05-01 48 days 2,005 sqft
2021-06-01 45 days 1,855 sqft
2021-07-01 42 days 1,886 sqft
2021-08-01 37 days 1,800 sqft
2021-09-01 38 days 2,016 sqft
2021-10-01 44 days 2,223 sqft
2021-11-01 46 days 2,309 sqft
2021-12-01 51 days 2,104 sqft
2022-01-01 59 days 1,864 sqft
2022-02-01 51 days 1,907 sqft
2022-03-01 41 days 1,818 sqft
2022-04-01 34 days 2,056 sqft
2022-05-01 30 days 2,044 sqft
2022-06-01 32 days 2,027 sqft
2022-07-01 35 days 1,908 sqft
2022-08-01 39 days 1,840 sqft
2022-09-01 44 days 1,835 sqft
2022-10-01 45 days 1,975 sqft
2022-11-01 50 days 1,866 sqft
2022-12-01 62 days 1,779 sqft
Greensboro's median listing age (time on market) for 2022-12-01 was 62 days. This is 23% longer than the same period one year ago.

Greensboro's median square footage for active listings during the 2022-12-01 period was 1,779 sqft. One year prior, the average listing was 2,104 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.