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 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 6.57% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

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

The average rate for the prior week (2024-05-03) was 6.8% and one month ago for the week of 2024-04-05, the average rate was 6.6%.

The average rate one year ago was 6.27%.

For refis of the same type during the week of 2024-05-10, the average rate was 7.02%.

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
2024-04-01 $329,848 (-2.7%) $391,275 (-7.1%) 0.77 1,062
Greensboro's median listing price for 2024-04-01 was $329,848, a difference of $-9,052 (-2.7%) versus the prior year and $10,848 versus the prior month.

Greensboro's median listing price comes in at 77% of the national average.

Greensboro's average listing price for 2024-04-01 was $391,275, a difference of $-29,921 (-7.1%) versus the prior year and $14,665 versus the prior month.

For the 2024-04-01 period, Greensboro had 1,062 MLS listings, a difference of 25 listings (2%) versus the prior month and 293 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 1,735 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 1,754 sqft
2024-03-01 45 days 1,764 sqft
2024-04-01 40 days 1,784 sqft
Greensboro's median listing age (time on market) for 2024-04-01 was 40 days. This is -1% shorter than the same period one year ago.

Greensboro's median square footage for active listings during the 2024-04-01 period was 1,784 sqft. One year prior, the average listing was 1,716 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.