Hickory VA Loan Rates, Closing Costs & Stats

HICKORY-LENOIR-MORGANTON, 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.

    Hickory's 82 lenders originated 629 VA loans during 2024. The total origination value was $194,065,000, with an average VA loan value of $308,529.

    Hickory VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hickory averaged 6.72% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Hickory's average VA mortgage closing costs are $5,641.

    The average rate for the prior week (2025-07-04) was 6.43% and one month ago for the week of 2025-06-06, the average rate was 6.8%.

    The average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.67%.

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

    Hickory 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 Hickory level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 114 6.56% $4,645
    UNITED WHOLESALE MORTGAGE, LLC 59 5.85% $8,763
    QUICKEN LOANS, LLC 38 6.09% $9,634
    FREEDOM MORTGAGE CORPORATION 30 6.30% $8,119
    PENNYMAC LOAN SERVICES, LLC 25 5.72% $7,237
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 24 6.33% $6,631
    NAVY FEDERAL CREDIT UNION 20 5.89% $4,411
    NEW DAY FINANCIAL, LLC 19 7.34% $11,488
    EAGLE HOME MORTGAGE, LLC 19 5.93% $5,334
    DHI MORTGAGE COMPANY, LTD. 16 5.09% $3,030
    VILLAGE CAPITAL MORTGAGE 15 5.56% $7,417
    LOANDEPOT.COM, LLC 14 6.45% $7,572
    CROSSCOUNTRY MORTGAGE, LLC 14 6.47% $7,173
    USAA Federal Savings Bank 11 6.39% $7,413
    MOVEMENT MORTGAGE, LLC 10 6.60% $7,832
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.36% $5,421
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.56% $3,180
    NEWREZ LLC 7 6.02% $9,554
    Alcova Mortgage LLC 7 6.57% $8,653
    CARDINAL FINANCIAL 7 6.52% $8,037
    INSPIRE HOME LOANS INC. 6 6.06% $3,897
    The Federal Savings Bank 6 6.54% $11,303
    SeaTrust Mortgage Company 5 6.18% $11,201
    Barrington Bank & Trust Company, N.A. 5 6.35% $5,501
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.62% $7,629
    INTERCOASTAL MORTGAGE COMPANY 5 6.65% $5,185
    GUARANTEED RATE, INC. 4 6.50% $4,173
    MUTUAL OF OMAHA MORTGAGE, INC. 4 5.62% $20,841
    LAKEVIEW LOAN SERVICING, LLC 3 5.50% $5,923
    Mid-Continent Funding, Inc. 3 6.21% $4,319
    GUILD MORTGAGE COMPANY 3 6.83% $6,547
    Truist 3 6.17% $5,511
    NVR Mortgage Finance, Inc. 3 5.58% $9,337
    Mr. Cooper ( Nationstar Mortgage ) 3 6.75% $11,315
    Paramount Residential Mortgage Group, Inc. 3 6.46% $7,674
    Integrity Home Mortgage Corp 3 6.83% $7,984
    Equity Prime Mortgage LLC 3 5.88% $7,111
    Flagstar Bank, FSB 2 5.31% $4,468
    GoPrime Mortgage, Inc. 2 6.56% $2,676
    U.S. Bank 2 6.69% $6,546
    AMERICAN FINANCIAL RESOURCES, INC. 2 5.88% $11,432
    Fifth Third Bank 2 6.63% $3,548
    M/I FINANCIAL, LLC 2 4.38% $19,538
    MILEND, INC. 2 6.13% $15,274
    Credence Funding Corporation 2 5.31% $6,572
    CLEARPATH LENDING 2 5.94% $1,780
    CHURCHILL MORTGAGE CORPORATION 2 5.81% $10,779
    Carrington Mortgage Services, LLC 2 6.44% $4,861
    PLANET HOME LENDING, LLC 2 6.06% $5,381
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.81% $1,695
    BROKER SOLUTIONS, INC. 2 6.50% $17,815
    Renasant Bank 2 6.88% $11,102
    Atlantic Coast Mortgage, LLC 2 6.38% $19,210
    T2 FINANCIAL LLC 2 6.13% $8,696
    AMERISAVE MORTGAGE CORPORATION 2 6.00% $19,820
    TJC Mortgage, Inc. 2 6.69% $7,346
    UNION HOME MORTGAGE CORP. 2 7.00% $6,563
    American Security Mortgage Corp. 2 6.13% $8,466
    First Federal Bank 2 6.06% $2,798
    CALCON MUTUAL MORTGAGE LLC 1 6.13% $854
    Plains Commerce Bank 1 6.00% $2,773
    First National Bank Texas 1 6.13% $9,210
    PLAZA HOME MORTGAGE, INC. 1 6.50% $8,197
    PREMIA MORTGAGE, LLC 1 5.63% $5,138
    Presidential Bank, FSB 1 5.88% $0
    LOANPAL, LLC 1 6.13% $16,192
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $4,186
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $12,995
    Mortgage Assurance Inc. 1 6.00% $4,277
    Lakeview Community Capital, LLC 1 5.25% $7,375
    Prosperity Home Mortgage, LLC 1 5.75% $3,197
    First-Citizens Bank & Trust Company 1 6.00% $4,134
    First Bank 1 5.75% $8,599
    M&T Bank 1 7.63% $8,144
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.75% $11,453
    Nations Lending Corporation 1 6.75% $930
    CityWorth Mortgage LLC 1 5.75% $8,552
    NBKC BANK 1 6.38% $2,500
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $9,308
    RESOURCE FINANCIAL SERVICES, INC. 1 7.25% $10,653
    HOMESIDE FINANCIAL, LLC 1 5.75% $24,739
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $1,961

    The top Hickory VA lender as defined by loan originations is Mortgage Research Center, LLC, with 114 VA loans originated. Their average total fees are $4,645, which is $4,117 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Hickory VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($3,030), NAVY FEDERAL CREDIT UNION ($4,411), Mortgage Research Center, LLC ($4,645), EAGLE HOME MORTGAGE, LLC ($5,334) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,421).

    The lowest rate Hickory VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.09%), VILLAGE CAPITAL MORTGAGE (5.56%), PENNYMAC LOAN SERVICES, LLC (5.72%), UNITED WHOLESALE MORTGAGE, LLC (5.85%) and NAVY FEDERAL CREDIT UNION (5.89%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hickory (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 $228,750 (27.6%) $314,555 (18.2%) 0.85 1,032
    2018-02-01 $231,950 (26.1%) $322,321 (18.4%) 0.84 1,095
    2018-03-01 $246,398 (28.5%) $344,043 (23.0%) 0.86 1,058
    2018-04-01 $254,375 (24.1%) $350,100 (21.6%) 0.86 1,119
    2018-05-01 $257,400 (19.8%) $354,376 (21.0%) 0.86 1,113
    2018-06-01 $259,900 (19.8%) $359,618 (18.1%) 0.87 1,123
    2018-07-01 $250,950 (14.1%) $352,899 (13.7%) 0.84 1,205
    2018-08-01 $246,750 (9.7%) $352,633 (14.5%) 0.83 1,236
    2018-09-01 $239,000 (6.2%) $338,897 (8.2%) 0.80 1,283
    2018-10-01 $239,300 (5.6%) $336,698 (7.2%) 0.81 1,287
    2018-11-01 $248,700 (5.9%) $339,180 (6.5%) 0.84 1,219
    2018-12-01 $249,000 (6.0%) $338,822 (6.8%) 0.86 1,151
    2019-01-01 $249,900 (9.3%) $344,080 (9.4%) 0.86 1,006
    2019-02-01 $249,950 (7.8%) $339,910 (5.5%) 0.84 988
    2019-03-01 $267,257 (8.5%) $355,569 (3.4%) 0.87 926
    2019-04-01 $281,900 (10.8%) $376,597 (7.6%) 0.90 868
    2019-05-01 $299,350 (16.3%) $391,293 (10.4%) 0.94 861
    2019-06-01 $299,000 (15.0%) $397,466 (10.5%) 0.93 872
    2019-07-01 $298,625 (19.0%) $394,819 (11.9%) 0.93 886
    2019-08-01 $295,791 (19.9%) $392,276 (11.2%) 0.94 874
    2019-09-01 $290,227 (21.4%) $385,841 (13.9%) 0.93 853
    2019-10-01 $280,450 (17.2%) $378,109 (12.3%) 0.90 846
    2019-11-01 $269,900 (8.5%) $365,745 (7.8%) 0.88 840
    2019-12-01 $274,900 (10.4%) $369,415 (9.0%) 0.92 777
    2020-01-01 $267,450 (7.0%) $372,224 (8.2%) 0.89 702
    2020-02-01 $261,000 (4.4%) $370,956 (9.1%) 0.85 687
    2020-03-01 $259,950 (-2.7%) $361,376 (1.6%) 0.81 677
    2020-04-01 $263,675 (-6.5%) $357,475 (-5.1%) 0.83 669
    2020-05-01 $269,900 (-9.8%) $373,722 (-4.5%) 0.82 589
    2020-06-01 $279,450 (-6.5%) $389,848 (-1.9%) 0.82 528
    2020-07-01 $299,500 (0.3%) $396,934 (0.5%) 0.87 490
    2020-08-01 $310,000 (4.8%) $406,247 (3.6%) 0.89 443
    2020-09-01 $299,175 (3.1%) $407,475 (5.6%) 0.86 513
    2020-10-01 $309,900 (10.5%) $413,087 (9.3%) 0.89 425
    2020-11-01 $299,950 (11.1%) $417,807 (14.2%) 0.88 438
    2020-12-01 $294,450 (7.1%) $412,280 (11.6%) 0.88 412
    2021-01-01 $285,000 (6.6%) $421,957 (13.4%) 0.85 366
    2021-02-01 $259,950 (-0.4%) $414,807 (11.8%) 0.76 324
    2021-03-01 $264,625 (1.8%) $415,070 (14.9%) 0.75 288
    2021-04-01 $264,950 (0.5%) $416,876 (16.6%) 0.72 282
    2021-05-01 $269,900 (0.0%) $433,438 (16.0%) 0.72 298
    2021-06-01 $268,975 (-3.8%) $428,530 (9.9%) 0.71 343
    2021-07-01 $275,000 (-8.2%) $411,057 (3.6%) 0.73 394
    2021-08-01 $271,750 (-12.3%) $392,095 (-3.5%) 0.72 403
    2021-09-01 $273,000 (-8.8%) $401,944 (-1.4%) 0.73 407
    2021-10-01 $269,900 (-12.9%) $405,814 (-1.8%) 0.72 378
    2021-11-01 $282,400 (-5.9%) $407,691 (-2.4%) 0.75 357
    2021-12-01 $277,425 (-5.8%) $417,969 (1.4%) 0.75 312
    2022-01-01 $298,500 (4.7%) $438,305 (3.9%) 0.81 254
    2022-02-01 $294,500 (13.3%) $427,959 (3.2%) 0.77 234
    2022-03-01 $311,575 (17.7%) $432,460 (4.2%) 0.78 255
    2022-04-01 $304,900 (15.1%) $450,280 (8.0%) 0.73 251
    2022-05-01 $317,450 (17.6%) $486,815 (12.3%) 0.73 336
    2022-06-01 $326,500 (21.4%) $483,176 (12.8%) 0.73 384
    2022-07-01 $339,900 (23.6%) $477,280 (16.1%) 0.77 466
    2022-08-01 $346,145 (27.4%) $478,012 (21.9%) 0.80 505
    2022-09-01 $339,675 (24.4%) $482,555 (20.1%) 0.79 503
    2022-10-01 $339,900 (25.9%) $477,715 (17.7%) 0.80 521
    2022-11-01 $342,295 (21.2%) $468,195 (14.8%) 0.82 575
    2022-12-01 $329,950 (18.9%) $466,335 (11.6%) 0.81 530
    2023-01-01 $343,923 (15.2%) $475,265 (8.4%) 0.85 484
    2023-02-01 $349,950 (18.8%) $480,648 (12.3%) 0.84 438
    2023-03-01 $349,900 (12.3%) $486,643 (12.5%) 0.83 441
    2023-04-01 $369,950 (21.3%) $509,614 (13.2%) 0.86 450
    2023-05-01 $376,495 (18.6%) $523,419 (7.5%) 0.85 490
    2023-06-01 $385,000 (17.9%) $524,668 (8.6%) 0.87 483
    2023-07-01 $374,450 (10.2%) $516,267 (8.2%) 0.85 498
    2023-08-01 $369,900 (6.9%) $505,866 (5.8%) 0.85 551
    2023-09-01 $360,000 (6.0%) $506,552 (5.0%) 0.84 589
    2023-10-01 $350,200 (3.0%) $507,904 (6.3%) 0.82 602
    2023-11-01 $349,000 (2.0%) $496,130 (6.0%) 0.83 647
    2023-12-01 $349,900 (6.1%) $501,225 (7.5%) 0.85 677
    2024-01-01 $349,900 (1.7%) $483,623 (1.8%) 0.85 633
    2024-02-01 $359,858 (2.8%) $497,539 (3.5%) 0.87 603
    2024-03-01 $359,950 (2.9%) $506,651 (4.1%) 0.85 638
    2024-04-01 $369,450 (-0.1%) $510,909 (0.3%) 0.86 675
    2024-05-01 $372,425 (-1.1%) $527,981 (0.9%) 0.85 708
    2024-06-01 $369,950 (-3.9%) $526,079 (0.3%) 0.84 738
    2024-07-01 $367,720 (-1.8%) $519,039 (0.5%) 0.84 802
    2024-08-01 $350,000 (-5.4%) $496,804 (-1.8%) 0.81 873
    2024-09-01 $349,000 (-3.1%) $493,119 (-2.7%) 0.82 924
    2024-10-01 $346,450 (-1.1%) $493,953 (-2.8%) 0.82 852
    2024-11-01 $349,000 (0.0%) $490,007 (-1.2%) 0.84 895
    2024-12-01 $344,450 (-1.6%) $472,889 (-5.7%) 0.86 881
    2025-01-01 $347,450 (-0.7%) $471,337 (-2.5%) 0.87 803
    2025-02-01 $349,950 (-2.8%) $479,655 (-3.6%) 0.85 827
    2025-03-01 $360,000 (0.0%) $497,207 (-1.9%) 0.85 837
    2025-04-01 $368,720 (-0.2%) $525,311 (2.8%) 0.86 899
    2025-05-01 $370,000 (-0.7%) $529,694 (0.3%) 0.84 979
    2025-06-01 $372,400 (0.7%) $528,694 (0.5%) 0.84 1,052
    Hickory's median listing price for 2025-06-01 was $372,400, a difference of $2,450 (0.7%) versus the prior year and $2,400 versus the prior month.

    Hickory's median listing price comes in at 84% of the national average.

    Hickory's average listing price for 2025-06-01 was $528,694, a difference of $2,615 (0.5%) versus the prior year and $-1,000 versus the prior month.

    For the 2025-06-01 period, Hickory had 1,052 MLS listings, a difference of 73 listings (7%) versus the prior month and 314 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 104 days 2,089 sqft
    2018-02-01 86 days 2,077 sqft
    2018-03-01 73 days 2,127 sqft
    2018-04-01 63 days 2,160 sqft
    2018-05-01 61 days 2,192 sqft
    2018-06-01 64 days 2,113 sqft
    2018-07-01 65 days 2,091 sqft
    2018-08-01 67 days 2,103 sqft
    2018-09-01 73 days 2,032 sqft
    2018-10-01 81 days 2,086 sqft
    2018-11-01 88 days 2,072 sqft
    2018-12-01 95 days 2,058 sqft
    2019-01-01 96 days 2,072 sqft
    2019-02-01 92 days 2,018 sqft
    2019-03-01 80 days 2,127 sqft
    2019-04-01 72 days 2,212 sqft
    2019-05-01 65 days 2,282 sqft
    2019-06-01 63 days 2,345 sqft
    2019-07-01 64 days 2,289 sqft
    2019-08-01 62 days 2,254 sqft
    2019-09-01 65 days 2,235 sqft
    2019-10-01 66 days 2,185 sqft
    2019-11-01 65 days 2,123 sqft
    2019-12-01 74 days 2,117 sqft
    2020-01-01 85 days 2,112 sqft
    2020-02-01 73 days 2,071 sqft
    2020-03-01 55 days 2,041 sqft
    2020-04-01 54 days 2,038 sqft
    2020-05-01 60 days 2,062 sqft
    2020-06-01 60 days 2,097 sqft
    2020-07-01 52 days 2,195 sqft
    2020-08-01 44 days 2,208 sqft
    2020-09-01 37 days 2,110 sqft
    2020-10-01 43 days 2,224 sqft
    2020-11-01 44 days 2,190 sqft
    2020-12-01 50 days 2,080 sqft
    2021-01-01 58 days 1,961 sqft
    2021-02-01 48 days 1,923 sqft
    2021-03-01 41 days 1,894 sqft
    2021-04-01 36 days 1,921 sqft
    2021-05-01 30 days 1,872 sqft
    2021-06-01 29 days 1,815 sqft
    2021-07-01 29 days 1,870 sqft
    2021-08-01 33 days 1,902 sqft
    2021-09-01 39 days 1,895 sqft
    2021-10-01 37 days 1,828 sqft
    2021-11-01 40 days 1,902 sqft
    2021-12-01 43 days 1,809 sqft
    2022-01-01 46 days 1,906 sqft
    2022-02-01 34 days 1,875 sqft
    2022-03-01 27 days 1,902 sqft
    2022-04-01 26 days 1,806 sqft
    2022-05-01 27 days 1,794 sqft
    2022-06-01 34 days 1,900 sqft
    2022-07-01 32 days 1,920 sqft
    2022-08-01 41 days 1,967 sqft
    2022-09-01 43 days 1,955 sqft
    2022-10-01 47 days 1,965 sqft
    2022-11-01 47 days 1,986 sqft
    2022-12-01 57 days 1,918 sqft
    2023-01-01 71 days 1,911 sqft
    2023-02-01 69 days 1,881 sqft
    2023-03-01 43 days 1,879 sqft
    2023-04-01 44 days 1,998 sqft
    2023-05-01 40 days 2,038 sqft
    2023-06-01 44 days 2,034 sqft
    2023-07-01 43 days 1,980 sqft
    2023-08-01 41 days 1,974 sqft
    2023-09-01 44 days 1,930 sqft
    2023-10-01 46 days 1,819 sqft
    2023-11-01 47 days 1,809 sqft
    2023-12-01 52 days 1,884 sqft
    2024-01-01 61 days 1,903 sqft
    2024-02-01 60 days 1,899 sqft
    2024-03-01 45 days 1,831 sqft
    2024-04-01 43 days 1,890 sqft
    2024-05-01 40 days 1,917 sqft
    2024-06-01 44 days 1,902 sqft
    2024-07-01 44 days 1,898 sqft
    2024-08-01 49 days 1,826 sqft
    2024-09-01 52 days 1,825 sqft
    2024-10-01 62 days 1,788 sqft
    2024-11-01 66 days 1,764 sqft
    2024-12-01 71 days 1,741 sqft
    2025-01-01 76 days 1,754 sqft
    2025-02-01 71 days 1,767 sqft
    2025-03-01 54 days 1,773 sqft
    2025-04-01 53 days 1,845 sqft
    2025-05-01 51 days 1,883 sqft
    2025-06-01 55 days 1,881 sqft
    Hickory's median listing age (time on market) for 2025-06-01 was 55 days. This is 24% longer than the same period one year ago.

    Hickory's median square footage for active listings during the 2025-06-01 period was 1,881 sqft. One year prior, the average listing was 1,902 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.