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 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
0.45%
for the week of 2025-07-04, compared to the national average (all VA variants) of
0% for the same period.
Hickory's average VA mortgage closing costs are $5,641.
The average rate for the prior week (2025-06-27) was
6.68% and
one month ago for the week of 2025-05-30, the
average rate was 6.81%.
The average rate one year ago was 6.82%.
For refis of the same type during the week of 2025-07-04, the average rate
was 0.4%.
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%).
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.