Hickory VA Loan Rates, Closing Costs & Stats

HICKORY-LENOIR-MORGANTON, 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.

Hickory's 74 lenders originated 448 VA loans during 2023. The total origination value was $133,420,000, with an average VA loan value of $297,813.

Hickory VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Hickory averaged 6.81% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Hickory's average VA mortgage closing costs are $5,424.

The average rate for the prior week (2024-04-05) was 6.26% and one month ago for the week of 2024-03-08, the average rate was 6.39%.

The average rate one year ago was 6.08%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.76%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 98 6.77% $4,992
UNITED WHOLESALE MORTGAGE, LLC 27 6.12% $9,512
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 26 6.78% $6,731
QUICKEN LOANS, LLC 24 6.06% $10,674
DHI MORTGAGE COMPANY, LTD. 17 5.12% $3,358
PENNYMAC LOAN SERVICES, LLC 15 5.85% $8,723
EAGLE HOME MORTGAGE, LLC 14 6.17% $6,287
USAA Federal Savings Bank 14 6.05% $8,714
NEW DAY FINANCIAL, LLC 13 7.36% $11,860
CROSSCOUNTRY MORTGAGE, LLC 13 6.62% $6,568
FREEDOM MORTGAGE CORPORATION 10 6.66% $13,594
MOVEMENT MORTGAGE, LLC 10 6.75% $6,906
NAVY FEDERAL CREDIT UNION 9 5.86% $3,080
CARDINAL FINANCIAL 8 6.64% $15,524
The Federal Savings Bank 8 6.36% $17,304
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.75% $6,471
LOANDEPOT.COM, LLC 6 6.58% $10,546
INTERCOASTAL MORTGAGE COMPANY 5 6.15% $16,861
INSPIRE HOME LOANS INC. 5 6.65% $6,311
Alcova Mortgage LLC 5 6.55% $6,147
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 7.03% $10,428
BROKER SOLUTIONS, INC. 4 6.68% $10,297
Truist 4 6.29% $3,631
Wells Fargo Bank 3 6.42% $3,329
UNION HOME MORTGAGE CORP. 3 6.50% $19,349
NEWREZ LLC 3 7.08% $9,253
Barrington Bank & Trust Company, N.A. 3 6.08% $8,395
Mid-Continent Funding, Inc. 3 6.67% $8,695
Mr. Cooper ( Nationstar Mortgage ) 3 5.92% $13,976
GUARANTEED RATE, INC. 3 6.29% $2,338
RELIANCE FIRST CAPITAL, LLC 2 7.19% $4,863
Equity Prime Mortgage LLC 2 7.25% $9,493
PENTAGON FEDERAL CREDIT UNION 2 5.00% $16,268
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.19% $9,500
GoPrime Mortgage, Inc. 2 6.50% $4,981
AMERICAN FINANCIAL NETWORK, INC. 2 6.00% $11,783
American Security Mortgage Corp. 2 6.31% $5,752
Renasant Bank 2 6.37% $7,391
AMERISAVE MORTGAGE CORPORATION 2 5.44% $12,509
GUILD MORTGAGE COMPANY 2 5.88% $9,343
SUN WEST MORTGAGE COMPANY, INC. 1 6.58% $3,990
AMCAP MORTGAGE, LTD. 1 7.13% $3,872
AMERICAN FINANCING CORPORATION 1 5.75% $28,840
Bank of America 1 7.25% $8,453
Century Mortgage Company DBA Century Lending Company 1 6.25% $10,439
CHURCHILL MORTGAGE CORPORATION 1 6.75% $9,112
CONTOUR MORTGAGE CORPORATION 1 6.25% $13,432
EMM LOANS LLC 1 6.38% $9,183
Fifth Third Bank 1 6.13% $2,750
First Federal Bank 1 5.38% $0
First Heritage Mortgage, LLC 1 6.25% $18,763
First Savings Bank 1 6.75% $24,131
GENEVA FINANCIAL, LLC 1 6.13% $585
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $11,135
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $8,832
LADERA LENDING, INC. 1 6.63% $26,937
MORTGAGE INVESTORS GROUP, INC. 1 6.99% $6,075
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $4,913
NBKC BANK 1 6.13% $7,649
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $9,750
NFM, INC. 1 6.25% $13,627
Northpointe Bank 1 6.25% $3,877
Plains Commerce Bank 1 6.38% $6,660
Platinum Home Mortgage Corporation 1 6.75% $2,767
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $11,192
RUOFF MORTGAGE COMPANY, INC. 1 6.00% $3,412
SeaTrust Mortgage Company 1 6.13% $2,944
Strong Home Mortgage, LLC 1 6.00% $8,005
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $16,824
SUMMIT FUNDING, INC. 1 6.75% $17,094
ACADEMY MORTGAGE CORPORATION 1 5.88% $4,626
U.S. Bank 1 6.99% $7,831
VILLAGE CAPITAL MORTGAGE 1 7.25% $5,336

The top Hickory VA lender as defined by loan originations is Mortgage Research Center, LLC, with 98 VA loans originated. Their average total fees are $4,992, which is $4,520 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. ($3,358), Mortgage Research Center, LLC ($4,992), EAGLE HOME MORTGAGE, LLC ($6,287), CROSSCOUNTRY MORTGAGE, LLC ($6,568) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,731).

The lowest rate Hickory VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.12%), PENNYMAC LOAN SERVICES, LLC (5.85%), USAA Federal Savings Bank (6.05%), QUICKEN LOANS, LLC (6.06%) and UNITED WHOLESALE MORTGAGE, LLC (6.12%).


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%) $322,291 (18.3%) 0.84 1,095
2018-03-01 $246,398 (28.4%) $343,090 (22.6%) 0.86 1,058
2018-04-01 $253,655 (23.7%) $349,105 (21.2%) 0.86 1,118
2018-05-01 $256,880 (19.5%) $353,026 (20.5%) 0.86 1,112
2018-06-01 $259,900 (19.8%) $358,282 (17.6%) 0.87 1,122
2018-07-01 $249,875 (13.6%) $351,641 (13.3%) 0.83 1,204
2018-08-01 $245,250 (9.0%) $352,312 (14.4%) 0.82 1,236
2018-09-01 $238,950 (6.2%) $338,587 (8.1%) 0.80 1,283
2018-10-01 $237,900 (4.9%) $336,271 (7.1%) 0.81 1,287
2018-11-01 $248,000 (5.6%) $338,742 (6.3%) 0.84 1,219
2018-12-01 $249,000 (6.0%) $338,339 (6.7%) 0.86 1,149
2019-01-01 $249,900 (9.3%) $344,359 (9.5%) 0.86 1,005
2019-02-01 $249,950 (7.8%) $340,334 (5.6%) 0.84 989
2019-03-01 $265,543 (7.8%) $356,181 (3.8%) 0.87 925
2019-04-01 $279,800 (10.3%) $377,124 (8.0%) 0.89 866
2019-05-01 $299,250 (16.5%) $391,935 (11.0%) 0.94 861
2019-06-01 $299,000 (15.0%) $398,138 (11.1%) 0.93 872
2019-07-01 $297,750 (19.2%) $394,532 (12.2%) 0.93 884
2019-08-01 $295,486 (20.5%) $392,056 (11.3%) 0.94 872
2019-09-01 $289,841 (21.3%) $385,679 (13.9%) 0.93 851
2019-10-01 $280,225 (17.8%) $377,986 (12.4%) 0.90 845
2019-11-01 $269,900 (8.8%) $365,745 (8.0%) 0.88 840
2019-12-01 $274,900 (10.4%) $369,415 (9.2%) 0.92 777
2020-01-01 $267,450 (7.0%) $372,224 (8.1%) 0.89 702
2020-02-01 $260,000 (4.0%) $370,519 (8.9%) 0.85 686
2020-03-01 $259,950 (-2.1%) $361,376 (1.5%) 0.81 677
2020-04-01 $263,675 (-5.8%) $357,475 (-5.2%) 0.83 669
2020-05-01 $269,900 (-9.8%) $373,722 (-4.7%) 0.82 589
2020-06-01 $279,450 (-6.5%) $389,848 (-2.1%) 0.82 528
2020-07-01 $299,500 (0.6%) $396,934 (0.6%) 0.87 490
2020-08-01 $310,000 (4.9%) $406,247 (3.6%) 0.89 443
2020-09-01 $299,175 (3.2%) $407,475 (5.7%) 0.86 513
2020-10-01 $309,900 (10.6%) $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 (0.0%) $414,807 (12.0%) 0.76 324
2021-03-01 $264,500 (1.8%) $414,911 (14.8%) 0.75 287
2021-04-01 $264,700 (0.4%) $416,582 (16.5%) 0.72 281
2021-05-01 $264,950 (-1.8%) $433,273 (15.9%) 0.70 297
2021-06-01 $267,750 (-4.2%) $428,482 (9.9%) 0.70 342
2021-07-01 $275,000 (-8.2%) $410,979 (3.5%) 0.73 393
2021-08-01 $270,600 (-12.7%) $391,978 (-3.5%) 0.72 402
2021-09-01 $272,500 (-8.9%) $401,846 (-1.4%) 0.73 406
2021-10-01 $269,900 (-12.9%) $405,718 (-1.8%) 0.72 377
2021-11-01 $281,950 (-6.0%) $407,596 (-2.4%) 0.75 356
2021-12-01 $277,400 (-5.8%) $417,883 (1.4%) 0.75 311
2022-01-01 $296,700 (4.1%) $438,266 (3.9%) 0.80 253
2022-02-01 $294,350 (13.2%) $427,885 (3.2%) 0.77 233
2022-03-01 $311,175 (17.7%) $432,407 (4.2%) 0.78 254
2022-04-01 $300,000 (13.3%) $450,281 (8.1%) 0.72 249
2022-05-01 $317,450 (19.8%) $486,863 (12.4%) 0.73 336
2022-06-01 $326,500 (21.9%) $483,176 (12.8%) 0.73 384
2022-07-01 $339,900 (23.6%) $477,571 (16.2%) 0.77 465
2022-08-01 $346,145 (27.9%) $478,147 (22.0%) 0.80 505
2022-09-01 $339,675 (24.7%) $482,555 (20.1%) 0.79 503
2022-10-01 $339,900 (25.9%) $477,720 (17.8%) 0.80 520
2022-11-01 $340,773 (20.9%) $466,358 (14.4%) 0.82 573
2022-12-01 $329,900 (18.9%) $464,150 (11.1%) 0.81 528
2023-01-01 $343,395 (15.7%) $475,266 (8.4%) 0.85 483
2023-02-01 $349,900 (18.9%) $480,283 (12.3%) 0.84 438
2023-03-01 $349,450 (12.3%) $486,667 (12.6%) 0.82 440
2023-04-01 $369,900 (23.3%) $509,681 (13.2%) 0.86 449
2023-05-01 $376,252 (18.5%) $523,504 (7.5%) 0.85 489
2023-06-01 $385,000 (17.9%) $524,757 (8.6%) 0.87 482
2023-07-01 $373,540 (9.9%) $514,800 (7.8%) 0.85 497
2023-08-01 $369,900 (6.9%) $504,256 (5.5%) 0.85 552
2023-09-01 $360,000 (6.0%) $506,685 (5.0%) 0.84 590
2023-10-01 $349,950 (3.0%) $505,553 (5.8%) 0.82 601
2023-11-01 $348,750 (2.3%) $492,779 (5.7%) 0.83 647
2023-12-01 $349,900 (6.1%) $498,989 (7.5%) 0.85 676
2024-01-01 $349,900 (1.9%) $482,637 (1.6%) 0.85 632
2024-02-01 $358,066 (2.3%) $496,559 (3.4%) 0.86 602
2024-03-01 $359,900 (3.0%) $505,788 (3.9%) 0.85 637
Hickory's median listing price for 2024-03-01 was $359,900, a difference of $10,450 (3.0%) versus the prior year and $1,834 versus the prior month.

Hickory's median listing price comes in at 85% of the national average.

Hickory's average listing price for 2024-03-01 was $505,788, a difference of $19,121 (3.9%) versus the prior year and $9,229 versus the prior month.

For the 2024-03-01 period, Hickory had 637 MLS listings, a difference of 35 listings (6%) versus the prior month and 197 listings (45%) 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 2,091 sqft
2018-02-01 86 days 2,076 sqft
2018-03-01 73 days 2,123 sqft
2018-04-01 63 days 2,151 sqft
2018-05-01 61 days 2,183 sqft
2018-06-01 64 days 2,104 sqft
2018-07-01 65 days 2,082 sqft
2018-08-01 67 days 2,100 sqft
2018-09-01 73 days 2,031 sqft
2018-10-01 81 days 2,082 sqft
2018-11-01 88 days 2,069 sqft
2018-12-01 95 days 2,052 sqft
2019-01-01 97 days 2,071 sqft
2019-02-01 92 days 2,012 sqft
2019-03-01 80 days 2,123 sqft
2019-04-01 72 days 2,207 sqft
2019-05-01 65 days 2,274 sqft
2019-06-01 63 days 2,332 sqft
2019-07-01 64 days 2,282 sqft
2019-08-01 62 days 2,249 sqft
2019-09-01 65 days 2,230 sqft
2019-10-01 66 days 2,183 sqft
2019-11-01 65 days 2,123 sqft
2019-12-01 74 days 2,114 sqft
2020-01-01 85 days 2,112 sqft
2020-02-01 73 days 2,079 sqft
2020-03-01 55 days 2,044 sqft
2020-04-01 54 days 2,038 sqft
2020-05-01 60 days 2,063 sqft
2020-06-01 60 days 2,102 sqft
2020-07-01 52 days 2,194 sqft
2020-08-01 44 days 2,187 sqft
2020-09-01 37 days 2,110 sqft
2020-10-01 43 days 2,202 sqft
2020-11-01 44 days 2,185 sqft
2020-12-01 50 days 2,080 sqft
2021-01-01 58 days 1,964 sqft
2021-02-01 48 days 1,926 sqft
2021-03-01 41 days 1,893 sqft
2021-04-01 36 days 1,918 sqft
2021-05-01 29 days 1,870 sqft
2021-06-01 29 days 1,819 sqft
2021-07-01 29 days 1,870 sqft
2021-08-01 33 days 1,903 sqft
2021-09-01 39 days 1,898 sqft
2021-10-01 37 days 1,828 sqft
2021-11-01 40 days 1,901 sqft
2021-12-01 43 days 1,792 sqft
2022-01-01 46 days 1,904 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 1,789 sqft
2022-06-01 34 days 1,899 sqft
2022-07-01 32 days 1,937 sqft
2022-08-01 41 days 1,970 sqft
2022-09-01 43 days 1,957 sqft
2022-10-01 48 days 1,970 sqft
2022-11-01 47 days 1,989 sqft
2022-12-01 57 days 1,920 sqft
2023-01-01 71 days 1,915 sqft
2023-02-01 69 days 1,887 sqft
2023-03-01 43 days 1,881 sqft
2023-04-01 44 days 1,996 sqft
2023-05-01 40 days 2,039 sqft
2023-06-01 44 days 2,034 sqft
2023-07-01 43 days 1,980 sqft
2023-08-01 41 days 1,976 sqft
2023-09-01 44 days 1,933 sqft
2023-10-01 46 days 1,816 sqft
2023-11-01 47 days 1,799 sqft
2023-12-01 52 days 1,884 sqft
2024-01-01 61 days 1,899 sqft
2024-02-01 60 days 1,895 sqft
2024-03-01 45 days 1,824 sqft
Hickory's median listing age (time on market) for 2024-03-01 was 45 days. This is 5% longer than the same period one year ago.

Hickory's median square footage for active listings during the 2024-03-01 period was 1,824 sqft. One year prior, the average listing was 1,881 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.