Greenville VA Loan Rates, Closing Costs & Stats

GREENVILLE, 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.

    Greenville's 65 lenders originated 273 VA loans during 2023. The total origination value was $80,165,000, with an average VA loan value of $293,645.

    Greenville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Greenville averaged 6.1% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Greenville's average VA mortgage closing costs are $5,199.

    The average rate for the prior week (2024-11-01) was 6.15% and one month ago for the week of 2024-10-04, the average rate was 5.38%.

    The average rate one year ago was 7.24%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.71%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Greenville 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 Greenville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 43 6.72% $6,254
    DHI MORTGAGE COMPANY, LTD. 24 5.24% $5,013
    QUICKEN LOANS, LLC 15 6.00% $9,415
    Alcova Mortgage LLC 15 6.52% $5,868
    NAVY FEDERAL CREDIT UNION 13 5.83% $4,806
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 6.86% $9,469
    UNITED WHOLESALE MORTGAGE, LLC 10 6.36% $11,638
    NEW DAY FINANCIAL, LLC 10 7.25% $12,035
    Truist 8 5.85% $12,612
    FREEDOM MORTGAGE CORPORATION 7 6.45% $12,236
    PENNYMAC LOAN SERVICES, LLC 7 5.16% $6,134
    American Security Mortgage Corp. 6 6.38% $4,478
    Towne Bank 6 6.54% $6,965
    Integrity Home Mortgage Corp 5 6.58% $5,741
    VILLAGE CAPITAL MORTGAGE 5 6.90% $6,075
    USAA Federal Savings Bank 5 6.15% $9,196
    Mr. Cooper ( Nationstar Mortgage ) 5 6.20% $10,233
    LOANDEPOT.COM, LLC 4 6.56% $4,250
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.53% $4,969
    CARDINAL FINANCIAL 4 6.75% $13,574
    MOVEMENT MORTGAGE, LLC 4 6.72% $6,386
    ACADEMY MORTGAGE CORPORATION 3 5.17% $2,381
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.79% $3,740
    GUARANTEED RATE, INC. 3 6.79% $5,253
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $11,264
    Southern Bank and Trust Company 2 6.25% $6,337
    Mid-Continent Funding, Inc. 2 7.19% $4,416
    NEWREZ LLC 2 5.50% $9,604
    NFM, INC. 2 7.50% $3,814
    EMM LOANS LLC 2 5.81% $5,254
    Wells Fargo Bank 2 4.63% $0
    SeaTrust Mortgage Company 2 6.88% $8,749
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $11,679
    M&T Bank 1 5.75% $6,469
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.75% $10,565
    CORNERSTONE HOME LENDING, INC. 1 5.63% $3,100
    NBKC BANK 1 6.50% $2,673
    CMG MORTGAGE, INC. 1 6.75% $3,738
    North American Savings Bank, F.S.B. 1 6.25% $7,487
    Northpointe Bank 1 6.25% $237
    CityWorth Mortgage LLC 1 5.75% $16,076
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $9,191
    PNC Bank 1 6.25% $2,657
    CBM Mortgage, Inc. 1 5.75% $9,355
    SIRVA MORTGAGE, INC. 1 7.63% $2,517
    SOUTHERN TRUST MORTGAGE, LLC 1 6.13% $11,355
    The Federal Savings Bank 1 6.13% $11,273
    The Loan Store, Inc. 1 5.99% $32,790
    THRIVE MORTGAGE, LLC 1 6.63% $7,300
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.50% $8,501
    Blue Ridge Bank 1 6.75% $7,359
    Barrington Bank & Trust Company, N.A. 1 5.75% $5,057
    Bank of England 1 6.75% $12,058
    AmeriHome Mortgage Company, LLC 1 5.99% $7,799
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.88% $4,589
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $10,489
    Wyndham Capital Mortgage, Inc. 1 5.50% $6,734
    GSF Mortgage Corporation 1 6.25% $2,595
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $2,235
    First-Citizens Bank & Trust Company 1 6.63% $2,988
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $10,240
    FBC MORTGAGE, LLC 1 4.99% $706
    MICHIGAN MUTUAL, INC. 1 6.13% $6,829
    MILEND, INC. 1 6.99% $13,541
    Equity Prime Mortgage LLC 1 7.75% $3,119

    The top Greenville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $6,254, which is $1,241 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Greenville VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,806), DHI MORTGAGE COMPANY, LTD. ($5,013), Alcova Mortgage LLC ($5,868), Mortgage Research Center, LLC ($6,254) and QUICKEN LOANS, LLC ($9,415).

    The lowest rate Greenville VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.24%), NAVY FEDERAL CREDIT UNION (5.83%), QUICKEN LOANS, LLC (6.00%), UNITED WHOLESALE MORTGAGE, LLC (6.36%) and Alcova Mortgage LLC (6.52%).

    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.