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 6.18% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-07-12) was 6.22% and one month ago for the week of 2024-06-14, the average rate was 6.68%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.93%.

    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%).

    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.