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%.
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
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 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 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.