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
-0.38%
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.