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 117 lenders originated 1,188 VA loans during 2021. The total origination value was $284,620,000, with an average VA loan value of $239,579.

    Hickory VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hickory averaged 6.59% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Hickory's average VA mortgage closing costs are $4,679.

    The average rate for the prior week (2023-01-20) was 6.32% and one month ago for the week of 2022-12-23, the average rate was 6.49%.

    The average rate one year ago was 3.79%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.25%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Mortgage Research Center, LLC 118 2.85% $5,333
    QUICKEN LOANS, LLC 111 2.53% $4,592
    FREEDOM MORTGAGE CORPORATION 87 2.47% $2,326
    PENNYMAC LOAN SERVICES, LLC 57 2.40% $4,376
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 49 2.97% $4,800
    MOVEMENT MORTGAGE, LLC 43 2.82% $4,814
    NEW DAY FINANCIAL, LLC 38 2.83% $7,460
    NAVY FEDERAL CREDIT UNION 32 2.51% $4,202
    LOANDEPOT.COM, LLC 27 2.57% $6,212
    USAA Federal Savings Bank 25 2.90% $5,936
    LAKEVIEW LOAN SERVICING, LLC 22 2.50% $2,421
    VILLAGE CAPITAL MORTGAGE 21 2.35% $2,640
    UNITED WHOLESALE MORTGAGE, LLC 21 2.57% $5,766
    CERTAINTY HOME LOANS, LLC 15 3.39% $4,800
    Wells Fargo Bank 15 2.57% $5,004
    CLEARPATH LENDING 14 2.17% $3,341
    Truist 14 2.74% $4,046
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 13 3.25% $7,482
    CROSSCOUNTRY MORTGAGE, LLC 13 3.21% $4,682
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 3.20% $4,990
    Alcova Mortgage LLC 13 2.86% $6,281
    Mr. Cooper ( Nationstar Mortgage ) 12 3.20% $3,438
    CALIBER HOME LOANS, INC. 11 2.74% $4,096
    The Federal Savings Bank 11 2.50% $6,611
    AMERICAN FINANCIAL NETWORK, INC. 11 2.56% $6,523
    HOMESIDE FINANCIAL, LLC 10 2.84% $5,245
    Mid-Continent Funding, Inc. 10 2.81% $5,973
    Low VA Rates, LLC 8 2.33% $3,846
    NEWREZ LLC 8 2.67% $5,036
    HOME POINT FINANCIAL CORPORATION 8 2.47% $5,857
    AMERIFIRST FINANCIAL CORPORATION 8 3.67% $6,862
    Magnolia Bank 7 2.63% $10,135
    INTERCOASTAL MORTGAGE COMPANY 7 2.75% $9,821
    Barrington Bank & Trust Company, N.A. 7 2.59% $3,713
    First-Citizens Bank & Trust Company 6 2.54% $6,554
    GUARANTEED RATE, INC. 6 2.71% $5,672
    InterContinental Capital Group, Inc 6 2.85% $4,399
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 2.40% $5,045
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.28% $5,764
    PENTAGON FEDERAL CREDIT UNION 5 2.25% $1,182
    PLANET HOME LENDING, LLC 4 2.41% $4,002
    Nations Lending Corporation 4 2.78% $9,759
    NBKC BANK 4 2.50% $2,317
    AMERISAVE MORTGAGE CORPORATION 4 2.38% $5,138
    CMG MORTGAGE, INC. 4 2.38% $4,613
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.34% $5,538
    LOANPAL, LLC 4 2.75% $7,658
    GUARANTEED RATE AFFINITY, LLC 3 2.38% $6,022
    Citizens Bank 3 2.83% $13,416
    MCLEAN MORTGAGE CORPORATION 3 2.42% $4,213
    RELIANCE FIRST CAPITAL, LLC 3 2.92% $7,863
    GUILD MORTGAGE COMPANY 3 2.71% $7,739
    Carrington Mortgage Services, LLC 3 3.92% $1,698
    First Mortgage Solutions, LLC 2 2.31% $8,202
    First Guaranty Mortgage Corporation 2 2.56% $1,961
    American Security Mortgage Corp. 2 2.69% $6,643
    SOUTHERN TRUST MORTGAGE, LLC 2 2.50% $3,218
    Renasant Bank 2 2.81% $6,061
    Colten Mortgage, LLC 2 3.44% $7,334
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.19% $5,857
    FAMILY FIRST FUNDING LLC 2 3.50% $4,131
    PNC Bank 2 3.00% $6,343
    Paramount Residential Mortgage Group, Inc. 2 2.63% $6,040
    Uwharrie Bank 2 2.50% $3,137
    GENEVA FINANCIAL, LLC 2 3.19% $3,763
    CAPITAL CENTER, L.L.C. 2 2.75% $88
    Flagstar Bank, FSB 2 2.75% $1,490
    First Savings Bank 2 3.19% $6,244
    SUN WEST MORTGAGE COMPANY, INC. 2 3.25% $5,401
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.38% $2,665
    AMERICAN FINANCING CORPORATION 1 2.75% $1,734
    Arvest Bank 1 2.75% $7,852
    Bank of England 1 3.13% $8,001
    Bank of Springfield 1 2.25% $2,508
    Blue Ridge Bank 1 2.50% $2,869
    BNC National Bank 1 2.13% $2,870
    BROKER SOLUTIONS, INC. 1 4.00% $11,749
    Capital Bank 1 2.25% $15,640
    C & F Mortgage Corporation 1 3.25% $5,250
    Christensen Financial, Inc. 1 3.13% $4,827
    CIS Financial Services, Inc. 1 3.13% $13,293
    CONTOUR MORTGAGE CORPORATION 1 2.25% $3,539
    ENVOY MORTGAGE, LTD 1 4.50% $4,598
    First Federal Bank 1 2.75% $16,105
    First Heritage Mortgage, LLC 1 3.25% $11,566
    First Horizon Bank 1 2.38% $2,106
    Gateway First Bank 1 3.13% $17,948
    GoPrime Mortgage, Inc. 1 3.75% $7,734
    GUARANTY HOME MORTGAGE CORPORATION 1 2.63% $8,749
    HOMESTAR FINANCIAL CORPORATION 1 2.88% $10,594
    INSPIRE HOME LOANS INC. 1 3.00% $1,070
    KELLER MORTGAGE, LLC 1 3.13% $6,985
    LAND HOME FINANCIAL SERVICES, INC. 1 3.25% $9,391
    LENDUS, LLC 1 2.25% $1,641
    Meridian Bank Corporation 1 3.13% $8,548
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $554
    ACCELERATE MORTGAGE, LLC 1 2.75% $22,823
    NATIONWIDE MORTGAGE BANKERS, INC. 1 2.50% $3,269
    NFM, INC. 1 3.13% $4,439
    Northpointe Bank 1 3.00% $9,339
    NP, Inc. 1 2.88% $0
    Presidential Bank, FSB 1 2.75% $3,128
    RADIUS FINANCIAL GROUP INC. 1 4.25% $2,179
    RESIDENTIAL MORTGAGE SERVICES, INC. 1 2.75% $2,629
    South State Bank 1 2.50% $12,958
    SOUTHWEST STAGE FUNDING, LLC 1 2.75% $2,754
    Stifel Bank and Trust 1 2.75% $1,011
    Sunflower Bank 1 2.25% $3,756
    Texana Bank 1 2.25% $2,469
    TIDEWATER MORTGAGE SERVICES, INC. 1 3.00% $4,181
    TJC Mortgage, Inc. 1 2.88% $15,937
    Towne Bank 1 2.88% $4,323
    TOWNE MORTGAGE COMPANY 1 2.88% $11,015
    Union Savings Bank 1 2.25% $0
    U.S. Bank 1 2.63% $2,065
    VAN DYK MORTGAGE CORPORATION 1 2.75% $4,048
    Wyndham Capital Mortgage, Inc. 1 2.25% $1,597

    The top Hickory VA lender as defined by loan originations is Mortgage Research Center, LLC, with 118 VA loans originated. Their average total fees are $5,333, which is $741 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hickory VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,326), LAKEVIEW LOAN SERVICING, LLC ($2,421), VILLAGE CAPITAL MORTGAGE ($2,640), CLEARPATH LENDING ($3,341) and Mr. Cooper ( Nationstar Mortgage ) ($3,438).

    The lowest rate Hickory VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.17%), VILLAGE CAPITAL MORTGAGE (2.35%), PENNYMAC LOAN SERVICES, LLC (2.40%), FREEDOM MORTGAGE CORPORATION (2.47%) and LAKEVIEW LOAN SERVICING, LLC (2.50%).

    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 $229,250 (27.7%) $314,546 (18.5%) 0.85 1,032
    2018-02-01 $232,175 (25.8%) $322,146 (18.8%) 0.84 1,095
    2018-03-01 $247,198 (28.7%) $342,946 (23.3%) 0.87 1,058
    2018-04-01 $253,680 (23.8%) $349,065 (22.0%) 0.86 1,116
    2018-05-01 $257,400 (19.8%) $353,484 (21.3%) 0.86 1,110
    2018-06-01 $259,900 (19.5%) $359,066 (18.1%) 0.87 1,119
    2018-07-01 $251,950 (14.6%) $353,646 (14.4%) 0.84 1,196
    2018-08-01 $249,500 (10.9%) $355,552 (16.1%) 0.84 1,221
    2018-09-01 $239,900 (6.6%) $341,633 (9.7%) 0.81 1,264
    2018-10-01 $241,150 (6.3%) $338,343 (7.8%) 0.81 1,269
    2018-11-01 $249,000 (6.0%) $341,370 (7.2%) 0.84 1,202
    2018-12-01 $249,000 (6.0%) $340,450 (7.4%) 0.86 1,141
    2019-01-01 $249,950 (9.0%) $346,136 (10.0%) 0.86 1,001
    2019-02-01 $251,718 (8.4%) $342,304 (6.3%) 0.85 984
    2019-03-01 $268,086 (8.5%) $357,531 (4.3%) 0.88 924
    2019-04-01 $281,950 (11.1%) $377,947 (8.3%) 0.90 867
    2019-05-01 $299,700 (16.4%) $392,295 (11.0%) 0.94 863
    2019-06-01 $299,700 (15.3%) $398,341 (10.9%) 0.94 874
    2019-07-01 $299,000 (18.7%) $394,768 (11.6%) 0.94 889
    2019-08-01 $296,214 (18.7%) $392,174 (10.3%) 0.94 876
    2019-09-01 $290,722 (21.2%) $385,896 (13.0%) 0.93 853
    2019-10-01 $280,725 (16.4%) $378,198 (11.8%) 0.91 844
    2019-11-01 $269,900 (8.4%) $365,093 (7.0%) 0.88 839
    2019-12-01 $273,700 (9.9%) $368,576 (8.3%) 0.91 777
    2020-01-01 $267,389 (7.0%) $371,375 (7.3%) 0.89 702
    2020-02-01 $260,000 (3.3%) $369,680 (8.0%) 0.85 686
    2020-03-01 $259,950 (-3.0%) $361,400 (1.1%) 0.81 679
    2020-04-01 $263,575 (-6.5%) $358,060 (-5.3%) 0.83 672
    2020-05-01 $269,900 (-9.9%) $374,192 (-4.6%) 0.82 592
    2020-06-01 $279,450 (-6.8%) $390,459 (-2.0%) 0.82 531
    2020-07-01 $299,500 (0.2%) $397,376 (0.7%) 0.87 493
    2020-08-01 $310,000 (4.7%) $406,698 (3.7%) 0.89 446
    2020-09-01 $299,225 (2.9%) $408,126 (5.8%) 0.86 515
    2020-10-01 $309,900 (10.4%) $415,334 (9.8%) 0.89 425
    2020-11-01 $299,500 (11.0%) $416,535 (14.1%) 0.87 438
    2020-12-01 $294,225 (7.5%) $410,966 (11.5%) 0.87 412
    2021-01-01 $280,000 (4.7%) $420,385 (13.2%) 0.84 366
    2021-02-01 $259,500 (-0.2%) $413,038 (11.7%) 0.75 324
    2021-03-01 $264,450 (1.7%) $413,138 (14.3%) 0.75 289
    2021-04-01 $263,425 (-0.1%) $415,097 (15.9%) 0.71 283
    2021-05-01 $259,950 (-3.7%) $431,815 (15.4%) 0.69 299
    2021-06-01 $267,000 (-4.5%) $427,168 (9.4%) 0.70 344
    2021-07-01 $274,950 (-8.2%) $410,251 (3.2%) 0.72 394
    2021-08-01 $269,450 (-13.1%) $390,912 (-3.9%) 0.72 405
    2021-09-01 $272,450 (-9.0%) $398,357 (-2.4%) 0.73 407
    2021-10-01 $269,000 (-13.2%) $402,832 (-3.0%) 0.72 375
    2021-11-01 $281,950 (-5.9%) $406,760 (-2.4%) 0.75 359
    2021-12-01 $274,950 (-6.6%) $416,528 (1.4%) 0.75 314
    2022-01-01 $294,900 (5.3%) $436,608 (3.9%) 0.80 256
    2022-02-01 $294,200 (13.4%) $426,182 (3.2%) 0.77 236
    2022-03-01 $310,200 (17.3%) $430,847 (4.3%) 0.78 257
    2022-04-01 $300,000 (13.9%) $448,615 (8.1%) 0.72 253
    2022-05-01 $317,425 (22.1%) $483,276 (11.9%) 0.73 338
    2022-06-01 $325,000 (21.7%) $479,998 (12.4%) 0.72 386
    2022-07-01 $339,900 (23.6%) $474,612 (15.7%) 0.77 468
    2022-08-01 $342,450 (27.1%) $479,618 (22.7%) 0.79 507
    2022-09-01 $339,675 (24.7%) $481,745 (20.9%) 0.80 505
    2022-10-01 $339,900 (26.4%) $476,928 (18.4%) 0.80 522
    2022-11-01 $340,398 (20.7%) $466,909 (14.8%) 0.82 575
    2022-12-01 $329,900 (20.0%) $462,365 (11.0%) 0.82 532
    Hickory's median listing price for 2022-12-01 was $329,900, a difference of $54,950 (20.0%) versus the prior year and $-10,498 versus the prior month.

    Hickory's median listing price comes in at 82% of the national average.

    Hickory's average listing price for 2022-12-01 was $462,365, a difference of $45,837 (11.0%) versus the prior year and $-4,544 versus the prior month.

    For the 2022-12-01 period, Hickory had 532 MLS listings, a difference of -43 listings (-7%) versus the prior month and 218 listings (69%) 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
    2018-01-01 128 days 2,082 sqft
    2018-02-01 110 days 2,070 sqft
    2018-03-01 113 days 2,113 sqft
    2018-04-01 87 days 2,142 sqft
    2018-05-01 84 days 2,179 sqft
    2018-06-01 80 days 2,105 sqft
    2018-07-01 85 days 2,093 sqft
    2018-08-01 84 days 2,103 sqft
    2018-09-01 88 days 2,032 sqft
    2018-10-01 92 days 2,080 sqft
    2018-11-01 102 days 2,072 sqft
    2018-12-01 110 days 2,058 sqft
    2019-01-01 112 days 2,064 sqft
    2019-02-01 110 days 2,012 sqft
    2019-03-01 98 days 2,126 sqft
    2019-04-01 78 days 2,214 sqft
    2019-05-01 70 days 2,285 sqft
    2019-06-01 71 days 2,353 sqft
    2019-07-01 71 days 2,294 sqft
    2019-08-01 71 days 2,264 sqft
    2019-09-01 73 days 2,244 sqft
    2019-10-01 74 days 2,204 sqft
    2019-11-01 73 days 2,124 sqft
    2019-12-01 81 days 2,112 sqft
    2020-01-01 90 days 2,111 sqft
    2020-02-01 82 days 2,075 sqft
    2020-03-01 60 days 2,045 sqft
    2020-04-01 61 days 2,044 sqft
    2020-05-01 65 days 2,073 sqft
    2020-06-01 67 days 2,116 sqft
    2020-07-01 57 days 2,195 sqft
    2020-08-01 49 days 2,194 sqft
    2020-09-01 43 days 2,116 sqft
    2020-10-01 45 days 2,216 sqft
    2020-11-01 46 days 2,189 sqft
    2020-12-01 51 days 2,093 sqft
    2021-01-01 60 days 1,971 sqft
    2021-02-01 52 days 1,930 sqft
    2021-03-01 45 days 1,907 sqft
    2021-04-01 37 days 1,924 sqft
    2021-05-01 32 days 1,889 sqft
    2021-06-01 31 days 1,835 sqft
    2021-07-01 30 days 1,870 sqft
    2021-08-01 35 days 1,904 sqft
    2021-09-01 40 days 1,899 sqft
    2021-10-01 40 days 1,829 sqft
    2021-11-01 43 days 1,902 sqft
    2021-12-01 45 days 1,809 sqft
    2022-01-01 48 days 1,914 sqft
    2022-02-01 37 days 1,877 sqft
    2022-03-01 28 days 1,905 sqft
    2022-04-01 29 days 1,816 sqft
    2022-05-01 28 days 1,805 sqft
    2022-06-01 34 days 1,906 sqft
    2022-07-01 35 days 1,937 sqft
    2022-08-01 42 days 1,981 sqft
    2022-09-01 44 days 1,967 sqft
    2022-10-01 49 days 1,983 sqft
    2022-11-01 48 days 1,980 sqft
    2022-12-01 57 days 1,935 sqft
    Hickory's median listing age (time on market) for 2022-12-01 was 57 days. This is 27% longer than the same period one year ago.

    Hickory's median square footage for active listings during the 2022-12-01 period was 1,935 sqft. One year prior, the average listing was 1,809 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.