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 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.